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  • #341
  • May 18, 2012 2:59am May 18, 2012 2:59am

and make all your homework!
cheers

Quoting PeterE
-5% SL reached (running total +31.5% @ 10 sessions)
until next week
  • #342
  • May 18, 2012 5:36am May 18, 2012 5:36am
Paulus, I like the clear-headed thinking premise behind this thread. i.e non-discretionary, once a day, win/loss ratio, simple parameters (is-it-is or is-it-aint.) I recommend a reading of Mark Douglas - Trading in the Zone. It comfirms the logic of Paulus's approach.

I also like it when you "think aloud." Why not? Thinking aloudn in now way implies a broken system, but it means we are seeking to improve. Otherwise there would be not purpose to the thread.

So, here is my "vocal think":

The addition of Stochastics and MACD color is elegant and simple.

However, Stochastics is only accurate in ranging markets. Thus, how about using ADX < 25 (pointing downwards) as a final filter.

I am surprised no one has back-tested the system manually for a few months. It should be easy enough. Just requires of that fleeting stuff called time.

All constructive comments welcome.
  • #343
  • May 18, 2012 6:22am May 18, 2012 6:22am
Here i spotted the last signal (I didnt take, I started 5 min ago testing this system):

http://s3.subirimagenes.com:81/image...7705002fgf.png

Is a good signal at the moment, but notice that the next macd bounce is more deep and it results in a better signal because we can use a tigher stop loss and therebefore a tigher take profit. So i was wondering about putting a horizontal line in the 0,0003 and -0,0003 of MACD and only consider bounces which are higher than 0,0003 and lowers than -0,0003. Im gonna test both in two differents account and let's see how works.

BTW, since we are using indicators, we can programme some alerts and not to be all day looking for entry. Maybe I find some macd with mail alert and connect my mail to the blackberry, so I only look the bias of the market and then wait to the messages to look. I have couple minutes to put the order if this happens.
  • #344
  • May 18, 2012 1:28pm May 18, 2012 1:28pm
Quoting Buffet50
So i was wondering about putting a horizontal line in the 0,0003 and -0,0003 of MACD and only consider bounces which are higher than 0,0003 and lowers than -0,0003.

This logic is good it will workout. It can help avoid bad signal. I am going to test with this.
  • #345
  • May 18, 2012 1:38pm May 18, 2012 1:38pm
Quoting hazel1919

However, Stochastics is only accurate in ranging markets. Thus, how about using ADX < 25 (pointing downwards) as a final filter.
Using ADX leads to loose many signals. Most of the time ADX is > 25 Can you expain in detail.
  • #346
  • May 18, 2012 6:30pm May 18, 2012 6:30pm
Quoting Paulus
have i got the logic wrong here

perhaps I should test EURGBP

Euro is open thats what we are using for initial bias then if we trade the EURGBP as the banks open and market starts at 8am in UK

perhaps using EURUSD is wrong I chose it purely for the low spread I can get on my SB accounts

Perhaps if we set the bias between London Open and New York open as per normal with a single line and then trade EURUSD as the US banks and traders open

So perhaps not 1 trade a day BUT 1 trade per day on 2 diff swaps at London open (EURGBP) and New Your open...
++++++++++++++++++++++++++++++++

Brilliant!

Before I go on rant, just wanted to thank you for sharing.

After spending nearly 2 months of every waking hour (well, almost :nerd:blush: tracking the eurgbp, London session progress, I did notice that it is almost always most active during this session. I did come up with a one hour strategy that was quite profitable. The only problem was that I live in US and the strategy requires one to babysit the charts from LO 'til one hour prior to NY open. No can do.

So I will be having a look at the eurgbp LO progress, and the eu NYO and keep you posted.

Meanwhile, I'll be having a go at the audusd & audyen, somewhere between Tokyo open and Singapore open. They are traditionally the best movers during that time period, due to patriot trading times and aud & cny news releases.

Thanks Again,
Darryl

"I don't know the key to success, but the key to failure is trying to please everybody." ~ Bill Cosby
  • #347
  • May 18, 2012 6:31pm May 18, 2012 6:31pm
Quoting lewbar
I hate to have to say this because I admire the effort you put into these threads and systems, but you know there's something wrong with your trading strategy when you start blaming it on the currency pair.

And I would have thought tading the cross of EURGBP wouldn't yield much different results to GBPUSD or EURUSD over the long term.

It might be more profitable this week, but I suspect, as with EURUSD, it will blow up over a period of time.

As you said in your initial post, this system might blow up, I fear it has.
++++++++++++++++++++++++++++++++

Are you speculating?
  • #348
  • May 19, 2012 2:11pm May 19, 2012 2:11pm
Quoting hazel1919
I like the clear-headed thinking premise behind this thread. i.e non-discretionary, once a day, win/loss ratio, simple parameters

I also like it when you "think aloud." Why not?


The addition of Stochastics and MACD color is elegant and simple.

However, Stochastics is only accurate in ranging markets. Thus, how about using ADX < 25 (pointing downwards) as a final filter.

I am surprised no one has back-tested the system manually for a few months. It should be easy enough. Just requires of that fleeting stuff called time.

All constructive...
lGood ideas ....let me know the results for April

P
  • #349
  • May 19, 2012 2:12pm May 19, 2012 2:12pm
Quoting Buffet50
So i was wondering about putting a horizontal line in the 0,0003 and -0,0003 of MACD and only consider bounces which are higher than 0,0003 and lowers than -0,0003. Im gonna test both in two differents account and let's see how works.
Nice I can see that would work... how about letting us have the results for April ??

P
  • #350
  • May 19, 2012 2:16pm May 19, 2012 2:16pm
Yest was a loss

A loss

Equity £8494
5% £424

Equity- £8,069

My spread betting companies are happy !

Still cool here
  • #351
  • May 20, 2012 12:11am May 20, 2012 12:11am
Hmmm I can see this could work on audcad do you use it here as well?
  • #352
  • May 20, 2012 1:56pm May 20, 2012 1:56pm
Hi Friends and Traders,

Here I attached tradable pairs for all sessions. There are totally 13 pairs i found. Anyone having suggestion. Plz Update it.
Attached File(s)
File Type: xls Tradable Pairs.xls   26 KB | 469 downloads
  • #353
  • May 20, 2012 3:39pm May 20, 2012 3:39pm
Hi Gurukrish:

I am newbie, I am wondering that what is the meaning of 13 tradable pairs in London Session?, Also, Why it is a good idea to trade AUDCAD during that session? Both countries/brokers who interests in their currency not there.

How are they relate to this "once a day trading system"?
  • #354
  • May 20, 2012 6:21pm May 20, 2012 6:21pm
what is the new rules?? ADX(what about ADX?) and macd level 0.0003 and -0.0003
  • #355
  • May 20, 2012 9:01pm May 20, 2012 9:01pm
Quoting GuruKrish
Hi Friends and Traders,

Here I attached tradable pairs for all sessions. There are totally 13 pairs i found. Anyone having suggestion. Plz Update it.
++++++++++++++++++++++++++++++++

Paulus has provided us with some very salient trade set up potentials. This could be a foundation for something very powerful. Thoughtful detail applied here, will serve us all well.

I am currently exploring AudUsd set ups from Tokyo open, but more so shortly after Singapore open, which is 2 hours later. What I'm seeing so far is promising but much more testing is required here.

@ GuruKrish:
I'm looking at other pairs and market times as well. I do have some general ideas but testing takes time.

Do you have any sort of record of W/L's for any of these pairs?
Thanks,
Darryl
  • #356
  • May 20, 2012 10:43pm May 20, 2012 10:43pm
Quoting Ricky101
Hi Gurukrish:

I am newbie, I am wondering that what is the meaning of 13 tradable pairs in London Session?, Also, Why it is a good idea to trade AUDCAD during that session? Both countries/brokers who interests in their currency not there.

How are they relate to this "once a day trading system"?
I am trying to help others to try others pairs during this session. reference http://www.babypips.com/school/london-session.html
  • #357
  • May 20, 2012 10:47pm May 20, 2012 10:47pm
Quoting diamonddbw
++++++++++++++++++++++++++++++++

Paulus has provided us with some very salient trade set up potentials. This could be a foundation for something very powerful. Thoughtful detail applied here, will serve us all well.

I am currently exploring AudUsd set ups from Tokyo open, but more so shortly after Singapore open, which is 2 hours later. What I'm seeing so far is promising but much more testing is required here.

@ GuruKrish:
I'm looking at other pairs and market times as well. I do have some general ideas but testing takes time.

Do you...
I searched through web and filter it to 13 pairs which is active all the sessions. But every site suggestion is vary from each other. Do you have clear list of which pair most active on each session? which pair active on overlapped session?
  • #358
  • May 20, 2012 11:19pm May 20, 2012 11:19pm
Quoting GuruKrish
I searched through web and filter it to 13 pairs which is active all the sessions. But every site suggestion is vary from each other. Do you have clear list of which pair most active on each session? which pair active on overlapped session?
++++++++++++++++++++++++++++++++

Not even close. This type of research is slow and methodical. I've spent several hours on euro & eurgbp, only to find out that the template provided by Paulus was not in sync with my brokers time.

However the time I spent was not a total waste. I did notice various patterns that occur, while watching for the proper "Paulus" set ups.

Some of the key things I like about the indies Paulus in using, is the fact that with the MacD he uses only the bars. Also the settings (5,34,[5]) are the same ones that Bill Williams (Awesome Oscillator Guy) uses as a way to locate wave 3 for Elliott Wave analysis.

The Stoch is also an indie I find useful. This is my first time using the 5,3,3, and I'm impressed with Paulus selection of it.

I have been testing some modest variations of Paulus method. At this time it could, very well be, too confusing for me to add more variables into a simply straight forward method, so I will let that subject rest for now.
Darryl

"It is the mark of an educated mind to be able to entertain a thought without accepting it." ~ Aristotle
  • #359
  • May 20, 2012 11:37pm May 20, 2012 11:37pm
I am very new, I am wondering where to find a good MT4 Trading simulator to test your idea?
  • #360
  • May 21, 2012 12:01am May 21, 2012 12:01am
Quoting Ricky101
I am very new, I am wondering where to find a good MT4 Trading simulator to test your idea?
++++++++++++++++++++++++++++++++

MT4 has it's own built in strategy tester. The only issue is it requires an EA (as far as I know) in order to properly test the parameters. Also, it's a Royal Pain to understand.

Other than that you can try a product called forex tester. It is not free, and I have not used it. However people I respect recommend it.

Other that that, I can tell you that you will learn MUCH more about this method by doing the grunt work necessary to observe what is really going on with the price action surrounding this methodology. Especially if you have less than a few thousand hours of face time with the charts.
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