my very simple system! | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need help for this very very simple indicator 1 reply

lets develop a system which is very very simple but effective. 7 replies

Very Simple Breakout (into a Trend) System 4 replies

mt4 coder needed for a very very simple system 2 replies

Did I just create my own very simple system? 25 replies

Attachments: my very simple system!
Exit Attachments

my very simple system!

  • #21
  • May 2, 2006 1:58pm May 2, 2006 1:58pm
Whenever you got problem expressing in English, let me know. I can help you to translate.
Your method sounds good. I am trading upon SMA & EMA crossover too. It's simple and good money making tool.....
  • #22
  • May 3, 2006 12:10am May 3, 2006 12:10am
It appears that my vietnamese fellows are getting more and more interested in forex trading. Just want to say hi. Regarding Adam's system, I don't have an opinion on it. Any trend-following system will do if you have proper money management plan in place.
  • #23
  • May 3, 2006 2:03am May 3, 2006 2:03am
Quoting freebies
It appears that my vietnamese fellows are getting more and more interested in forex trading. Just want to say hi. Regarding Adam's system, I don't have an opinion on it. Any trend-following system will do if you have proper money management plan in place.
And a nice trend to follow!
  • #24
  • May 3, 2006 2:37am May 3, 2006 2:37am
You can do something similar without using any indicators, instead just use trend lines. Once you can draw a second point , a reasonable number of periods apart (blue line), then just buy or sell on the touch using limit orders with stops set just below the previous high or low.

Once it departs from the main line follow the trend line up or down (red line) until it breaks (close outside the line). Add a smattering of price action analysis then you have another simple system!

So right now with this system I would get ready again to buy on the touch of blue line.
Attached Image
  • #25
  • May 3, 2006 5:56am May 3, 2006 5:56am
SAR works good if you have the correct Stop & Reverse entry, otherwise the SAR will drive you crazy. When coupled with another indicator such as MAs it will help to add some credence to which SAR signal to use but this is still a somwhat lagging entry. I have found that Tom De Marks Sequential System run alond side the SAR filters out the "false" signals and gives you a clear (dare I use that word) focus on entry.

Traders helping Traders

Audrey
Traders Helping Traders Audrey
  • #26
  • May 3, 2006 6:04am May 3, 2006 6:04am
Is that chapter 7 of his book The New Science Of Technical Analysis, that you are referring to? Thanks Scott



Quoting audrey1
SAR works good if you have the correct Stop & Reverse entry, otherwise the SAR will drive you crazy. When coupled with another indicator such as MAs it will help to add some credence to which SAR signal to use but this is still a somwhat lagging entry. I have found that Tom De Marks Sequential System run alond side the SAR filters out the "false" signals and gives you a clear (dare I use that word) focus on entry.

Traders helping Traders

Audrey
  • #27
  • May 3, 2006 6:11am May 3, 2006 6:11am
Yes it is.And if you find it hard to do it manually, Bloomberg offers it as a trading platform. It counts the bars for you and when the countdown is complete I wait for the SAR to join the dance.

Run in any timeframe, I perfer the hourly( more time larger movement)
Traders Helping Traders Audrey
  • #28
  • May 3, 2006 6:14am May 3, 2006 6:14am
Thanks, I will reread it and check out the Bloomberg..

BTW, Was it just me or did you think he was a bit overly defensive about other floor traders testing this strategy?


Quoting audrey1
Yes it is.And if you find it hard to do it manually, Bloomberg offers it as a trading platform. It counts the bars for you and when the countdown is complete I wait for the SAR to join the dance.

Run in any timeframe, I perfer the hourly( more time larger movement)
  • #29
  • May 3, 2006 6:15am May 3, 2006 6:15am
http://www.technicalanalyst.co.uk/demark.pdf

In case anyone is interested in seeing the comparasion of the SAR with a math related system.
Traders Helping Traders Audrey
  • #30
  • May 3, 2006 6:18am May 3, 2006 6:18am
Quoting audrey1
SAR works good if you have the correct Stop & Reverse entry, otherwise the SAR will drive you crazy. When coupled with another indicator such as MAs it will help to add some credence to which SAR signal to use but this is still a somwhat lagging entry. I have found that Tom De Marks Sequential System run alond side the SAR filters out the "false" signals and gives you a clear (dare I use that word) focus on entry.

Traders helping Traders

Audrey
Yes, you're correct. It can, especially in tight ranging conditions, whipsaw you in and out terribly.

As far as using it in a EMA crossover: I would normally only open on the crossover IF the SAR was supporting the entry. Otherwise, wait one period and re-eval.

I have a friend who has built an entire system on the SAR and seems to have reasonable success. I, myself, have only used it as short term support/trend indicator.
Capital Preservation is key to long term wealth accumulation
  • #31
  • May 3, 2006 6:21am May 3, 2006 6:21am
Scott
He was indeed defensive regarding the floor traders but remember this man has erased all forms of emotion from trading and I suppose anyone who comments on his systems who still posesses a degree of fundamental theory will have their comments dismissed by De Mark.
In his world Math never lies so why hedge?

Audrey
Traders Helping Traders Audrey
  • #32
  • May 3, 2006 6:30am May 3, 2006 6:30am
Well Said! Scott

Quoting audrey1
Scott
He was indeed defensive regarding the floor traders but remember this man has erased all forms of emotion from trading and I suppose anyone who comments on his systems who still posesses a degree of fundamental theory will have their comments dismissed by De Mark.
In his world Math never lies so why hedge?

Audrey
  • #33
  • May 3, 2006 6:33am May 3, 2006 6:33am
Remember, all we're doing is looking to put the "odds" in our favor. Once you have then in place, as long as you are consistant with your own system for entry and exit your consistency for winning trades will follow suit.It is the "search" for a better theory that dissrups our decision not weather we are right or wrong. If I use a system that has proven to me to produce a 75% or better win ratio why would I change it?
We all have things that work for us but for some what we hear from others is enough to dissregard those %s and look in another direction.The reason I like to base all I do on math is becaus no matter what anyone shows me in the form of another theory, if it doesnt add up in number form I look away.

Math never lies and the markets are driven by math and only interupted by fundamentals.

Audrey
Traders Helping Traders Audrey
  • #34
  • May 4, 2006 2:26pm May 4, 2006 2:26pm
apologies for jumping on your thread, adam. remember the suggestion i made a few days ago for the euro..?

look at the entry point and line confluence, however note how large the stop is (100 points).

now follow a new rally up and wait for the line break, taking some profit along the way of course!

btw, i use daily charts but you can bring down the lines to 4h if you want.

edit> the shaded boxes would correspond to the "buy on touches" i highlighted on a copy of your chart earlier.
Attached Image
  • #35
  • May 4, 2006 2:28pm May 4, 2006 2:28pm
eurchf...
Attached Image
  • #36
  • May 4, 2006 2:32pm May 4, 2006 2:32pm
i was went fishing on the eurjpy however as you can see my orders never triggered.
Attached Image
  • #37
  • May 4, 2006 2:34pm May 4, 2006 2:34pm
Great charts Isotonic! Do you actually trade this stuff?? Cause I was thinking recently to trade trendline bounces...

-soso
-soso
  • #38
  • May 4, 2006 2:35pm May 4, 2006 2:35pm
now chaps, where could you jump in on this chart..?
Attached Image
  • #39
  • May 4, 2006 2:38pm May 4, 2006 2:38pm
yes this is the gist of my system, however i will filter on price action analysis on occasions. nothing more than the old "trend is your friend" adage...

Quoting soso_beton
Great charts Isotonic! Do you actually trade this stuff?? Cause I was thinking recently to trade trendline bounces...

-soso
  • #40
  • May 7, 2006 10:41am May 7, 2006 10:41am
Quoting audrey1
Scott
He was indeed defensive regarding the floor traders but remember this man has erased all forms of emotion from trading and I suppose anyone who comments on his systems who still posesses a degree of fundamental theory will have their comments dismissed by De Mark.
In his world Math never lies so why hedge?

Audrey
sorry , i dont undersand what you mean ! hic...anyone help me to translate into vietnammese ?
0 traders viewing now