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TEB sytstem

  • #2,421
  • Apr 14, 2012 4:52am Apr 14, 2012 4:52am
Quoting maxpiper
In the chart you can see the three stocs signalling a sell. I entered the trade when M30 stocs turned to sell, banked 100 pips from this trade. One has to be patient to take these trades. you can easily get good trade setups approx 3-4 per week in any pair.

Hello, can you post your template and indicator.Thanks
  • #2,422
  • Apr 14, 2012 7:38am Apr 14, 2012 7:38am
Quoting ayour2a
Hello, can you post your template and indicator.Thanks
Attached are the MT stocs indicator and the Trading sessions indicator.

1. MT indicator can be customized to your liking input 30 min, 240 min and 1440 min in three separate indicator windows to see all the three time-frame stocs.

2. Trading sessions i use for London open to London close.

Happy pippin
Attached File(s)
File Type: mq4 Trading Session vLines.mq4   9 KB | 402 downloads
File Type: mq4 MTF_Stochastic.mq4   4 KB | 533 downloads
My secret - "Logic must always prevail over emotion"
  • #2,423
  • Apr 14, 2012 7:56am Apr 14, 2012 7:56am
Another charting example of this wonderful method, This trade was taken on 12th

1. Check at the arrow site all the three stocs confluence.

2. The tick sign is where i exit with 4hr stocs cross.

Happy pippin
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 39 KB
My secret - "Logic must always prevail over emotion"
  • #2,424
  • Apr 14, 2012 8:30am Apr 14, 2012 8:30am
Maxpiper i might be a goood idea to start a new thread. I for 1 will be testing this strategy next week. So it might be more convenient for others to join instead of looking through all these pages.

Saf
  • #2,425
  • Apr 14, 2012 8:51am Apr 14, 2012 8:51am
Quoting safsyed
Maxpiper i might be a goood idea to start a new thread. I for 1 will be testing this strategy next week. So it might be more convenient for others to join instead of looking through all these pages.

Saf
Hi thanks for your interest in this thread. The rules are nothing much mate. Just go through first few pages, you should get the hang of it. I will post a detailed strategy next week in this thread!
My secret - "Logic must always prevail over emotion"
  • #2,426
  • Apr 14, 2012 8:54am Apr 14, 2012 8:54am
If the thread gets lot of participation and requests will start a new thread!

Cheers!
My secret - "Logic must always prevail over emotion"
  • #2,427
  • Apr 14, 2012 2:05pm Apr 14, 2012 2:05pm
I have started to back test the system.

some results:

Eur/Jpy

Jan 2012

Total trades = 13

wins = 9

loss = 4

max gain in single trade = 120 pips

max loss in single trade = -40

total pips gained for the month = 780

Feb 2012

Total trades = 15

wins = 12

loss = 3

max gain in single trade = 150 pips

max loss in single trade = -50

total pips gained for the month = 850

Wow is the only word i can think now.Will do more back-testing tomo, Been trading this system since April, Was curious to see the past, so did a back-testing.

Happy pippin!
My secret - "Logic must always prevail over emotion"
  • #2,428
  • Apr 14, 2012 3:55pm Apr 14, 2012 3:55pm
Very interesting.

I will study your TEB system 2.0.
  • #2,429
  • Apr 15, 2012 4:36am Apr 15, 2012 4:36am
GBP/ USD

Jan 2012

Total trades = 22

wins = 14

loss = 8

max gain in single trade = 120 pips

max loss in single trade = 20 pips

total pips gained for the month = 440

Feb 2012

Total trades = 17

wins = 14

loss = 3

max gain in single trade = 120 pips

max loss in single trade = 20 pips

total pips gained for the month = 700

Will post GU and EJ March back test in next post. On an average, it is winning around 75%. A real Goldmine of a system!

Cheers!!
My secret - "Logic must always prevail over emotion"
  • #2,430
  • Apr 15, 2012 7:43am Apr 15, 2012 7:43am
The system is showing Fantastic results! Here are the results for GU and EJ

GU, March 2012

Total trades = 16

wins = 13

loss = 3

max gain in single trade = 160 pips

max loss in single trade = 20 pips

total pips gained for the month = 790

EJ March 2012

Total trades = 16

wins = 15

loss = 1

max gain in single trade = 190 pips

max loss in single trade = 20 pips

total pips gained for the month = 1030

Looking back these are the winning percentages for the system from Jan 2012 to Mar 2012

GU = 64%, 84%, 81.25%

EJ = 69.23%, 79.9%, 93.75%

Respectively for the three months period. Have been forward testing since April. Will keep you posted on the entries i make tomo.

Amazing system! TEB

Happy pippin!!
My secret - "Logic must always prevail over emotion"
  • #2,431
  • Apr 15, 2012 7:47am Apr 15, 2012 7:47am
Will do backtesting for EU and UCHF may be next weekend. Will post the live charts tomo.

Waiting for live action!!
My secret - "Logic must always prevail over emotion"
  • #2,432
  • Apr 15, 2012 9:05am Apr 15, 2012 9:05am
Quoting maxpiper
Will do backtesting for EU and UCHF may be next weekend. Will post the live charts tomo.

Waiting for live action!!
Thank you for publishing the back test results.
What is your SL and TP. And what is the exit conditions?
  • #2,433
  • Apr 15, 2012 9:35am Apr 15, 2012 9:35am
Quoting arbinka
Thank you for publishing the back test results.
What is your SL and TP. And what is the exit conditions?
The beauty of the system is once when you enter the trades you will exit only on 4hr stocs cross. That becomes your stop loss as well. So the stop loss will range from 10 pips to 40 pips, TP will hit from 20 pips to 200 pips, it is basically riding the intermediate wave in the 4hr chart in alignment with the major daily trend, 30 min is used for entry.
My secret - "Logic must always prevail over emotion"
  • #2,434
  • Apr 15, 2012 9:36am Apr 15, 2012 9:36am
You can put 40 - 50 pip stop loss once starting out, TP can be cross of 4HR stocs...

Cheers!!
My secret - "Logic must always prevail over emotion"
  • #2,435
  • Apr 15, 2012 10:13am Apr 15, 2012 10:13am
Quoting maxpiper
Another charting example of this wonderful method, This trade was taken on 12th

1. Check at the arrow site all the three stocs confluence.

2. The tick sign is where i exit with 4hr stocs cross.

Happy pippin

can you send us your this exact template please?
  • #2,436
  • Apr 15, 2012 11:13am Apr 15, 2012 11:13am
Quoting maxpiper
In the chart you can see the three stocs signalling a sell. I entered the trade when M30 stocs turned to sell, banked 100 pips from this trade. One has to be patient to take these trades. you can easily get good trade setups approx 3-4 per week in any pair.
If you look at your chart, you'll see that MTF Stco
  • #2,437
  • Apr 15, 2012 11:26am Apr 15, 2012 11:26am
Quoting maxpiper
In the chart you can see the three stocs signalling a sell. I entered the trade when M30 stocs turned to sell, banked 100 pips from this trade. One has to be patient to take these trades. you can easily get good trade setups approx 3-4 per week in any pair.
If you look at your chart, you'll see that MTF Stoch for D1 has crossed down on 13/4 at 00:00 whereas if you put a normal 533 stoch on D1 separately, you'll see that stoch crossed when daily bar closed. MTF shows daily stoch cross down when daily bar still open.

If the daily trend continues up or down, this is not a problem as you follow H4 and M30. But when Daily stoch crosses up or down, MTF indi always shows stoch cross when the daily bar is still open.

Of course, this is the case with H4 and M30 stoch crossing moments when using MTF stoch indi as stoch crosses happen when the bar is still open.

TEB explained how to tackle this as having experience with the indi and get a feeling for it when someone asked the same question.

I wonder how you are handling this. When you open a position in D1 direction while the bar is still open and all of a sudden price reverses and D1 stoch reverses and crosses back , what do you do or what are you planning to do if you haven't seen such a case yet?

Regards,
Blackeagle
  • #2,438
  • Apr 15, 2012 11:53am Apr 15, 2012 11:53am
Quoting Blackeagle
If you look at your chart, you'll see that MTF Stoch for D1 has crossed down on 13/4 at 00:00 whereas if you put a normal 533 stoch on D1 separately, you'll see that stoch crossed when daily bar closed.
Regards,
Blackeagle
Hi Blackeagle thanks for your query, I use 533 stocs, and i confirm the trend in the start of the day, once the stoc changes direction i stick to it. and look for confluence with 4 hr chart and also 30 min chart.

All need to be aligned, once i enter the trade i will forget the day stocs and concentrate on 4hr time-frame to change direction.I will look for daily trends only at the start of the day.

Am testing the system out from april, past two weeks, have had no issues, will share my trades tomo!

Cheers!
My secret - "Logic must always prevail over emotion"
  • #2,439
  • Apr 15, 2012 2:12pm Apr 15, 2012 2:12pm
Quoting maxpiper
Hi Blackeagle thanks for your query, I use 533 stocs, and i confirm the trend in the start of the day, once the stoc changes direction i stick to it. and look for confluence with 4 hr chart and also 30 min chart.
Hi Maxpiper, so in backtesting you used daily stoch value from prior days close?
Otherwise results could be overvalued, if you would use current day close.
Anyways thanks for bactesting, looks really interesting.
  • #2,440
  • Apr 15, 2012 10:05pm Apr 15, 2012 10:05pm
Hello guys, have started a New thread here "http://www.forexfactory.com/showthread.php?t=354592"
My secret - "Logic must always prevail over emotion"
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