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RorekZ system

  • #1
  • First Post: Edited 9:30am Jun 10, 2012 8:43am | Edited 9:30am
Hello dear traders ,

i want to share with you one of the systems that i use in daily trading ,, i usually do scalping on 15min and 5min charts but i found that 15min chart is much better than 5min when it comes to false signals

Anyway my system contains 9 indicators i will attatch them and 1 template

The explation will be in following posts and how to mange the trades

Rules and how to enter a trade :

Buy

When you see :
- FxUltratrend Green
- Ultrasignal Green , and price above it
- Price above Ichimoku
- The TurtleTradingChannel is Blue and price is above it
- QFF_MACD is Green
- Filter is Blue

Sell

When you see :
- FxUltratrend is Red
- Ultrasignal is Red
- Price below Ichimoku
- The TurtleTradingChannel is Red
- QFF_MACD is Red
- Filter is Red

Target and Stops

Target's Could be around 30 pips , but if you want to hunt the trend wait untill the opposite signal happens and get out with your profit .
Stops are usually when the signal changes .

Recommended time frames : 15min or higher , ( 5min can be risky somehow )
Recommended to 1st look at H4 and H1 charts to see the main direction .
Recommended pairs : EURUSD , GBPUSD , EURJPY , AUDUSD
Recommended time to trade : From Europe opening Till USA ends ( Try to avoid ASIA session )
You can use S&R lines or fibo lines as Targets if you want to .

** Here's a print of the system and how it looks like

http://www9.0zz0.com/2012/06/10/13/426636267.gif

You'll find the Temp attached in post number 6
Attached File(s)
File Type: ex4 Ultra-Signal.ex4   5 KB | 3,259 downloads
File Type: ex4 TrendSqueezer08.ex4   3 KB | 2,893 downloads
File Type: mq4 TheTurtleTradingChannel.mq4   4 KB | 3,095 downloads
File Type: ex4 QFF-MACDv1.ex4   4 KB | 3,774 downloads
File Type: ex4 FXUltraTrend.edu.ex4   6 KB | 3,058 downloads
File Type: mq4 CCIarrow.mq4   3 KB | 2,945 downloads
File Type: ex4 Filter.ex4   4 KB | 3,209 downloads
  • #2
  • Jun 10, 2012 8:46am Jun 10, 2012 8:46am
Sell signal

http://www9.0zz0.com/2012/06/10/13/344920558.png
  • #3
  • Jun 10, 2012 8:47am Jun 10, 2012 8:47am
Quoting roreki
Hello dear traders ,

i want to share with you one of the systems that i use in daily trading ,, i usually do scalping on 15min and 5min charts but i found that 15min chart is much better than 5min when it comes to false signals

Anyway my system contains 9 indicators i will attatch them and 1 template

The explation will be in following posts and how to mange the trades

- Here's a print of the system and how it looks like

http://www9.0zz0.com/2012/06/10/13/426636267.gif
looks nice! I will be following this thread.
  • #4
  • Jun 10, 2012 8:56am Jun 10, 2012 8:56am
Buy signal

http://www9.0zz0.com/2012/06/10/13/436162372.png
  • #5
  • Jun 10, 2012 9:04am Jun 10, 2012 9:04am
False signal

http://www9.0zz0.com/2012/06/10/14/764274254.png
  • #6
  • Jun 10, 2012 9:09am Jun 10, 2012 9:09am
I will add indicators and temp in the 1st post and any update will edit there .

edit : template will be attatched here
Attached File(s)
File Type: tpl rorekz system.tpl   7 KB | 2,469 downloads
  • #7
  • Jun 10, 2012 9:29am Jun 10, 2012 9:29am
I will be here to track signals from tomorrow Monday with Europe opening
  • #8
  • Jun 10, 2012 9:31am Jun 10, 2012 9:31am
Quoting FastForex
looks nice! I will be following this thread.
Hope you enjoy it and wish you a profitable trading .
  • #9
  • Jun 10, 2012 9:53am Jun 10, 2012 9:53am
Hi roreki,
This system is a spin-off from coloured-candle thread, but with better filters. As someone pointed out from the other thread, the TrendSqueezer is actually a candle timer, it DOES NOT show the strength of a trend. Please confirm if i am wrong with your indicator...

Actually, i think with all the filters you have, we have less false signals but with fewer trades. Can you tell how many signals can we possibly get for each pair per day....
  • #10
  • Jun 10, 2012 10:12am Jun 10, 2012 10:12am
Quoting kevinpham
Hi roreki,
This system is a spin-off from coloured-candle thread, but with better filters. As someone pointed out from the other thread, the TrendSqueezer is actually a candle timer, it DOES NOT show the strength of a trend. Please confirm if i am wrong with your indicator...

Actually, i think with all the filters you have, we have less false signals but with fewer trades. Can you tell how many signals can we possibly get for each pair per day....
Hello Kevin , 1st about the other thread i really didn't see it before , this system is just one of many systems i use in diffrent time frames with diffrent types of trading .
About the Trend squeezer you are right and we can ever ignore it

About the signals for each pair you can get 1 or 2 signals on M15 for each pair but it can run for so many pips i mean over 100 pip if its a trendy day , so i see that satisfied ,
btw sorry for my poor english
  • #11
  • Jun 10, 2012 10:54am Jun 10, 2012 10:54am
Quoting roreki
btw sorry for my poor english
English is not my native language neither.

However, you are very good in explaining your system and i think everyone understands what to do.

I will backtest your system to see how it goes.

I remember some senior here at FF said something like "sharing is caring". Thanks for sharing.
  • #12
  • Jun 10, 2012 11:04am Jun 10, 2012 11:04am
Quoting kevinpham
English is not my native language neither.

However, you are very good in explaining your system and i think everyone understands what to do.

I will backtest your system to see how it goes.

I remember some senior here at FF said something like "sharing is caring". Thanks for sharing.
Yeah , one day i was a beginner and came here to find a good system , so after 4 years of trading i think it's time to give some and to somhow help anyone to find a good system to trade with.

Anytime and thanks for your comments .
  • #13
  • Jun 10, 2012 12:34pm Jun 10, 2012 12:34pm
Looks very interesting to me! I'm going to test it for sure!

I think 1 to 2 signals for 30pips are great. Can you say something about the ratio of correct and wrong signals?

DO you have an EA or did you backtest?
  • #14
  • Jun 10, 2012 12:43pm Jun 10, 2012 12:43pm
Quoting GoingForGold
Looks very interesting to me! I'm going to test it for sure!

I think 1 to 2 signals for 30pips are great. Can you say something about the ratio of correct and wrong signals?

DO you have an EA or did you backtest?
I don't like backtest at all i only beleive in what i already did with this strategy , and i like to trade manually and mange my trades by myself .

about the ratio of correct and false signals if you trade on 15min chart you will get 1 flase signal every 4 or 5 correct signals as i saw the bast 5 months on trading this method .. and the worng signal won't cost you so much because you will get out soon enough if any signal changed .
  • #15
  • Jun 10, 2012 12:44pm Jun 10, 2012 12:44pm
Thanks man, I will also track the progression here.

Have you tested this on other instruments or assets, like futures for example?

Best
Joq
  • #16
  • Jun 10, 2012 12:54pm Jun 10, 2012 12:54pm
Quoting roreki
and the worng signal won't cost you so much because you will get out soon enough if any signal changed .
That's what I thought too! It looks very easy to trade. Why would you mind the Asian session? Is there a reason or is it just experience?
  • #17
  • Jun 10, 2012 12:56pm Jun 10, 2012 12:56pm
Quoting roreki
i only beleive in what i already did with this strategy , and i like to trade manually and mange my trades by myself.
Everyone asks for EA on every system, but I am with you, if an EA can do what human can do, then we dont have to work, just let EA do everything for us and we will all be millionaires Sometimes we do forecast better on market direction than EA

Sunday market is about to open. Wish everyone green pips
  • #18
  • Jun 10, 2012 12:58pm Jun 10, 2012 12:58pm
How long you trade this stuff ? What are results so far ? Is your zulu representing this system or have nothing to do with it ?
  • #19
  • Jun 10, 2012 1:01pm Jun 10, 2012 1:01pm
Quoting GoingForGold
That's what I thought too! It looks very easy to trade. Why would you mind the Asian session? Is there a reason or is it just experience?
It's really easy but need you to stick to rules . Asian session most of time is very slow and boring and the good move is from europe opening so prefere not to trade in Asian session unless the move was so tight in USA session
  • #20
  • Jun 10, 2012 1:03pm Jun 10, 2012 1:03pm
Quoting kevinpham
Everyone asks for EA on every system, but I am with you, if an EA can do what human can do, then we dont have to work, just let EA do everything for us and we will all be millionaires Sometimes we do forecast better on market direction than EA

Sunday market is about to open. Wish everyone green pips
Exactally , EA has no emotions it only works and works and works , but you can stop when there is news or when you feel that's its not a good trade or anything .

Wish you a Green Day
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