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Nb 10.0 trend trading system

  • #2,761
  • Edited 10:49am Jun 3, 2012 10:37am | Edited 10:49am
That is a test for just one pair, so I can't really make any conclusions. I plan to test a few pairs each from all 5 groups and then see what I can learn.
Riding the order flow
  • #2,762
  • Jun 3, 2012 10:41am Jun 3, 2012 10:41am
Quoting Binyamin
That is a test for just one pair, so I can't really make any good conclusions. I plan to test a few pairs each from all 5 groups and then see what I can learn.
As opposed to what you can earn?
  • #2,763
  • Jun 3, 2012 10:47am Jun 3, 2012 10:47am
Quoting cmeade2
As opposed to what you can earn?
It is good to think about what you can earn but in most buisness profit comes when you have enough knowledge. I am just testing so that I know what to expect from this trading method.(Statistical expectancy)

The test use a mechanical approach so a trader that knows what he is doing can easily beat this results. So this is not the best representation of a "good" trader here. But right now I don't know many things about this system, so this is my only approach I can think of to understand it fast.
Riding the order flow
  • #2,764
  • Jun 3, 2012 11:33am Jun 3, 2012 11:33am
Quoting nanningbob
What to look for starting Monday is your new monthly pivot line. Here is the nzd/chf and its new monthly pivot line (black#2) compared with the old monthly pivot (red#1). price which had been below the line last month (yellow area) is now right there at the line. If price breaks this line then we stay will sell(grey area), HOWEVER if price bounces here and starts going up we will also go with the new UT (green area). Also compare with the new weekly line when it comes out on Monday. This will be the key to your new trading week and month....
Great fresh insights into 10.2. Getting to appreciate the significance of a new month, new monthly pivots and NFP all factored in. Thank you.
  • #2,765
  • Edited 3:36pm Jun 3, 2012 1:11pm | Edited 3:36pm
May I ask why baluda slope strenght indicator isnīt calculated from all pairs ? When I write all of them to the indicator, calculations of strenght would be still correct ? Thanks

regards


K
  • #2,766
  • Jun 3, 2012 4:46pm Jun 3, 2012 4:46pm
guys you need to use both baluda's slope strength and currency slope strength indicators. One shows the average of slopes for the currency and the other shows relative movement for a given period of time. So you can see e.g. NZD may be overall weak/est in the list but the other indicator shows that it is increasing in strength against CAD for now. So we can buy NZD against CAD and say sell against JPY or USD.
  • #2,767
  • Jun 3, 2012 7:42pm Jun 3, 2012 7:42pm
I'm now re-short AUDUSD, AUDJPY, GBPJPY, CHFJPY, CADJPY, EURUSD & NZDUSD all targeting the Weekly S1.
  • #2,768
  • Jun 3, 2012 8:57pm Jun 3, 2012 8:57pm
Quoting Verb
I'm now re-short AUDUSD, AUDJPY, GBPJPY, CHFJPY, CADJPY, EURUSD & NZDUSD all targeting the Weekly S1.
I am referring to the beluga indi.

Verb - Do you set SL or mtmp for your these orders?
Attached Image (click to enlarge)
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  • #2,769
  • Jun 3, 2012 9:49pm Jun 3, 2012 9:49pm
abaout the day trend

sell

audjpy -0.91
cadjpy -1.06
chfjpy -1.17
gbpjpy -1.41
gbpusd -1.62
eurusd -1.05
eurjpy -1.15

sell time


and about the day trend

buy

usdcad 1.24
usdchf 1.13

buy time
Attached Image (click to enlarge)
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  • #2,770
  • Jun 3, 2012 10:57pm Jun 3, 2012 10:57pm
im short au and gu.. looking to buy ucad as well
  • #2,771
  • Edited 2:04am Jun 4, 2012 1:19am | Edited 2:04am
Here is a test of a group 1 pair AUDUSD! Rules of backtest is here, http://www.forexfactory.com/showthre...92#post5723692

The good thing I notice about this system after 2 backtest is that it copes well with ranging markets. It is around breakeven in my books during the ranging period. I encourage anyone here to do some back test so that we can verify each others results. I will try to make time to do one more pair latter.

Oh and another thing I notice is, from the last 2 backtest it seems that holding on to trades until the slope go between -0.4 and 0.4 won't give you a better result compare to if you don't hold it with a second trade in the test periods.

For EURUSD the RR for 1st position was 5.39, second was 4.63
For AUDUSD the RR for 1st position was 5.19. second was -0.38

Of course the results will vary depending on whether the pair trend more or less within the test time. Interesting to note that, if you don't hold on the trades in AUDUSD the results would have been similar to EURUSD. Not surprising considering AUDUSD is a group 1 pair.
Attached Image (click to enlarge)
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Riding the order flow
  • #2,772
  • Jun 4, 2012 1:28am Jun 4, 2012 1:28am
Quoting jucaorma
abaout the day trend

sell

audjpy -0.91
cadjpy -1.06
chfjpy -1.17
gbpjpy -1.41
gbpusd -1.62
eurusd -1.05
eurjpy -1.15

sell time


and about the day trend

buy

usdcad 1.24
usdchf 1.13

buy time
Can I have this program pour Timeframe H1 please ?

Thanks a lot. ;-)
Trade Safe !
  • #2,773
  • Jun 4, 2012 2:18am Jun 4, 2012 2:18am
Quoting Binyamin
Here is a test of a group 1 pair AUDUSD! Rules of backtest is here, http://www.forexfactory.com/showthre...92#post5723692

The good thing I notice about this system after 2 backtest is that it copes well with ranging markets. It is around breakeven in my books during the ranging period. I encourage anyone here to do some back test so that we can verify each others results. I will try to make time to do one more pair latter.

Oh and another thing I notice is, from the last 2 backtest it seems that holding on to trades until...
Did you consider range trading during the range periods? That's a totally different trade then the commonplace trend trades we've been using at the moment.
  • #2,774
  • Jun 4, 2012 2:45am Jun 4, 2012 2:45am
Quoting Verb
Did you consider range trading during the range periods? That's a totally different trade then the commonplace trend trades we've been using at the moment.
Yeah I will have get to that latter. I will focus on trend first.
Riding the order flow
  • #2,775
  • Jun 4, 2012 3:11am Jun 4, 2012 3:11am
Just a word of warning regarding Bank of Japan.

They always say they are watching exchange rates closely. What you need to do is look at the charts. The last time they intervened close to this area was Feb 2nd, 2012. The market finally turned around at that point due to the flight to USD not because of their intervention.

They unsuccessfully intervened before Feb 2nd. I anticipate they will try to intervene again around the 76.5 area on USJDPY. I would start to be careful of long JPY positions at @ 77ish.

At worst they could trigger your stops at best, its a bump in the road and another failed attempt for the BOJ to stem the tide of the market's view of the Yen safehaven.

Bottomline, I'm long yen until the 77ish level then I'll be sitting out for awhile until I see if the intervention is successful.
  • #2,776
  • Jun 4, 2012 5:07am Jun 4, 2012 5:07am
Verb thankyou for your your words regarding the BOJ however i disagree with your post,nobody knows for sure if and when the BOJ would intervene,so traders should decide for themselfs when to buy and sell jpy,past history is just that history.
As for me not in any aususd,gprusd,trades as yet waiting to see what the market offers.
Regards
  • #2,777
  • Jun 4, 2012 5:38am Jun 4, 2012 5:38am
Today US is close for Memorial Day. All of my trades were retracing, and AU is also strengthening since asian session.

Again, my shorts are all closed as of now. I am not good with mondays!

EU crept up to WP zone, and I will see what its gonna do there.

AU also getting near to pivot.
  • #2,778
  • Jun 4, 2012 5:40am Jun 4, 2012 5:40am
Quoting Goodgame42
Can I have this program pour Timeframe H1 please ?

Thanks a lot. ;-)
indicator
baluda.slope on day time

on first page you can have it
  • #2,779
  • Jun 4, 2012 7:40am Jun 4, 2012 7:40am
Quoting Kelisa
Today US is close for Memorial Day.
Hey Kelisa

Memorial Day was last Monday. Markets are open today.
  • #2,780
  • Jun 4, 2012 8:07am Jun 4, 2012 8:07am
Quoting cmeade2
Hey Kelisa

Memorial Day was last Monday. Markets are open today.
OMG! What happen to me?? Looking at the wrong news. Thanks for the correction...
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