Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

Can you teach me Carry Trade and Swing Trade? 5 replies

Golden rule: trade the trade! 16 replies

usa trade balance cad trade balance 6 replies

Philly Fed later - trade or not to trade? 10 replies

Months to trade or not to trade Forex? 2 replies

Attachments: 1minute 1 trade
Exit Attachments

1minute 1 trade

Quoting PeterE
the only thing we need to add to this incredibly simple system is more forward testing with real money...........does it perform well over an extended period of time???

when the market goes bonkers/ gets volatile, which it does at times, this system will be cut to pieces with small stops

but yes a 950% increase from £2.000 over a 10 or 12 week period is excellent (my bank offers me 5% p.a.)

...........lets see if it can be sustained over time and under varying market conditions
Morning Peter and all. Firstly, thanks to Paulus for bringing this to us and his continued presence and help, first impressions are, well. impressive.

After a few months away from trading I've been looking at this on my return and intend to run it alongside my normal MO. I normally trade from 1min charts so this had some immediate appeal, I have done a fairly strict backtest for the 4 week period to last Friday and the results were in common with what has been quoted, my own sample showed a profit of exactly 100% for the period. Now I know 4 weeks is nothing but I can't ignore what I have seen with my own eyes so most days I'll be trading this.

Peter you are right about trading this with real money, the only way to check it out properly and I've never been one for demo trading (and by the way I have never blown any trading account) so I intend using one of my near redundant SB accounts with a nominal few hundred £'s on balance and will trade this as close to the rules as poss. However rules are for breaking as we all know, so I'll be using a bit of discretion here and there, especially on the SL.

Giraia: I did the trade yesterday and this may help you. I used the previous high to calculate the SL however I never put my actual SL into a trade, I do my SL manually every time and on that occasion price on the charts I actually use for trading showed the SL being topped by 0.6 pip, I was watching very closely but didn't abandon the trade at that point. I would suggest others may have done likewise or they may have used the previous Hi.

All the best to all with Paulus's method. strada.
If i read the system correctly we will now look for buy trade as the high was taken out?
yes, we now look to buy

Quoting Boertjie
If i read the system correctly we will now look for buy trade as the high was taken out?
Are you doing more than 1 trade a day?

Sell Signal at 8.08??? (which I used, now closed).
strada.
The high was taken out so it is no sell trade we will look for buy trade

Quoting strada
Are you doing more than 1 trade a day?

Sell Signal at 8.08??? (which I used, now closed).
strada.
me, i just take 1 a session, 2 would be way too much work

Quoting strada
Are you doing more than 1 trade a day?

Sell Signal at 8.08??? (which I used, now closed).
strada.
Ok I've got you, apologies, need to see about new specs.
buy 1.2592 @ 805GMT SL 1.2585 (-5%) TP 1.2613 (+15%)

SL reached (running total +48% @ 23 sessions)
.
Am i correct that today is a loosing day?
Quoting strada
Ok I've got you, apologies, need to see about new specs.
Strada,

If you don't mind me asking....what sb company do you use? does it happen to be I_index?
Today I'm down. How to leave space for divergence? According to the rules of today minus. But somewhere near walks the correct answer. Always, when there is a divergence - there is a problem, as foresee it? Today I received the first" -". But, 1/2 portion of the volume worked 1риск :3 profit, after the divergence was in the work. But now I want to listen to others. And why is there - who's up and who's down?
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 91 KB
Quoting mannai70
Strada,

If you don't mind me asking....what sb company do you use? does it happen to be I_index?
I have accounts with most of the SB co's but the main ones I use are the above and FcxM, CapSp, DeelDesk. starda.
Quoting PeterE
buy 1.2592 @ 805GMT SL 1.2585 (-5%) TP 1.2613 (+15%)

SL reached (running total +48% @ 23 sessions)
.

thank you for your hard work. and like you i like the correlated currencies. however, why did you buy? when the trend from Eu open to London open was sell?

thank you for the original author of this thread!

yellow vertical lines as entry prices
Attached Images (click to enlarge)
Click to Enlarge Name: EJ.png Size: 46 KB Click to Enlarge Name: GU.png Size: 44 KB Click to Enlarge Name: AU.png Size: 47 KB Click to Enlarge Name: EU.png Size: 45 KB
Challenger
As I understand it from the original instructions, it was a buy as although the trend between europe and london was down the high was broken shortly after london open making it a buy which was then triggered at 9.03 uk time.
I notice that the EURO / Japanese yen - the very skillfully in coping with this system. It is often better, than the EU.
Quoting minako
thank you for your hard work. and like you i like the correlated currencies. however, why did you buy? when the trend from Eu open to London open was sell?

thank you for the original author of this thread!

yellow vertical lines as entry prices
Minako, Frankfurt open is at 9 not at 8 am. It is only 1 hour diggerence between Frankfurt and London.
as devonian explains

Quoting minako
thank you for your hard work. and like you i like the correlated currencies. however, why did you buy? when the trend from Eu open to London open was sell?

thank you for the original author of this thread!

yellow vertical lines as entry prices
tol, if you can find pairs that consistently outperform euro then great, i look forward to knowing which ones, with stats of course

Quoting tol
I notice that the EURO / Japanese yen - the very skillfully in coping with this system. It is often better, than the EU.
Quoting iwan73
Minako, Frankfurt open is at 9 not at 8 am. It is only 1 hour diggerence between Frankfurt and London.
but i wanted to stay faithful on how paulus did it.... i think its a better filter even in my backtests and 8 days of forward test

i placed a trailing stop on all positions. and got stopped out but everything in green.

@tol. i think each currency travels in a relative strength of their own, but correlated up to a certain extent.

diversifying to 4 pairs allows me better survival and win rate. if one hits stoploss, the rest won't.
Challenger
I think it will be interesting what paulus has to say about todays trade. From what I can see today is a no trade day. I don't see a single entry as per my understanding of the rules.

The 8GMT candle was lower that the 7, which was lower than the 6. We should be looking to go short, right? From then I see no stoch pass from 80 to 50 that might signal a short trade. There is one, but that is after the price went back above the 8 candle open.

Someone please correct me if I'm wrong, this is my first day
0 traders viewing now