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  • #641
  • Jun 19, 2012 8:27pm Jun 19, 2012 8:27pm
Quoting gaztrader29
forgive me for being DUMB.... but can we only BUY on red Macd when it changes to light red plus correct stoch......and SELL when its going from light green to dark green plus red stoch.....


IE is there ANY other variation
That's correct
  • #642
  • Jun 19, 2012 9:38pm Jun 19, 2012 9:38pm
Quoting GEOFFREY62
Hi Paulus
Thanks for great, easy to grasp system which I have been using for a good few days now, my results so far have been positive but nowhere near the returns you are getting, and now you have really confused the hell out of me. Up till now anyone coming on to the thread with a suggestion that we should maybe look at some market analysis or take into account what the market is telling us has been advised by your goodself to stop over thinking, stop analysing the trade, keep it simple, if lights are green its go, lights are red dont go, just...

Couldn't have said it better myself!
  • #643
  • Jun 20, 2012 2:01am Jun 20, 2012 2:01am
London open now... last two hours were up so bias is up... but I personally think we'll get a bias change to down temporarily then back to up, let's see!
  • #644
  • Jun 20, 2012 2:11am Jun 20, 2012 2:11am
There's the buy signal but i personally think it's a stopper
  • #645
  • Jun 20, 2012 2:16am Jun 20, 2012 2:16am
Quoting Jfr
There's the buy signal but i personally think it's a stopper
I tend to agree, but what we "think" is completely irrelevant to this strategy.

The stats [limited though they are] show that this is a winning strategy overall.

The instant you start to not take deals with a mechanical system because of this or because of that, you mess up the stats and you don't actually know what your strike rate is.

In order to achieve the results, you have to take EVERY deal........
  • #646
  • Jun 20, 2012 2:16am Jun 20, 2012 2:16am
I have a buy at 1.2682, stop 2672, tp 2712
  • #647
  • Jun 20, 2012 2:16am Jun 20, 2012 2:16am
buy 1.2681 @ 711GMT SL 1.2669 (-5%) TP 1.2717 (+15%)
.
  • #648
  • Jun 20, 2012 2:21am Jun 20, 2012 2:21am
-5% on the buy (through Alpari (UK)) if following the rules with the stop just below the signal swing low.
  • #649
  • Jun 20, 2012 2:22am Jun 20, 2012 2:22am
Yes, applying discretion (and experience) will change the traders results. And including them confounds our ability to accurately measure the “systems” profitability. Which defeats the purpose of the thread……….because we are not all measuring the same thing.

To be fair, what Paulus has provided is a foundation. As such, perhaps it’s inevitable that each will need to add their own personality. A system in the true sense is unlikely unless a computer runs this for us.

Nevertheless, it’s a good question that you ask.

Quoting GEOFFREY62
Could you tell us how much of your really wonderful positive gains with this method have been made with discretional trades.
  • #650
  • Jun 20, 2012 2:25am Jun 20, 2012 2:25am
Quoting PeterE
Yes, applying discretion (and experience) will change the traders results.
..neatly demomstrated by your selection of stoploss this morning.
  • #651
  • Jun 20, 2012 2:27am Jun 20, 2012 2:27am
hello,

the long that i just did, is it correct as per rules? if in case this fails, ill take a 2nd shot at the next buying signal (unless it breaks the low, then ill take the sell signal). thank you for your interpretation.

and the stoploss in really less than 10 pips????
Attached Image (click to enlarge)
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Challenger
  • #652
  • Jun 20, 2012 2:31am Jun 20, 2012 2:31am
stop position is the one variable of this system that i'll probably apply with discretion

Quoting sidefx
..neatly demomstrated by your selection of stoploss this morning.
  • #653
  • Jun 20, 2012 2:39am Jun 20, 2012 2:39am
as we are discovering there are many ways to interpret

my take

Quoting minako
hello,

the long that i just did, is it correct as per rules? if in case this fails, ill take a 2nd shot at the next buying signal (unless it breaks the low, then ill take the sell signal). thank you for your interpretation.

and the stoploss in really less than 10 pips????
  • #654
  • Jun 20, 2012 2:41am Jun 20, 2012 2:41am
Hi Peter,
I think the whole point is the risk/reward ratio. Apply discretion to the stop and that changes, unless you change your TP.
Then maybe we can take volatility and ADR into account etc. THe "system then has changed.
G
  • #655
  • Jun 20, 2012 2:43am Jun 20, 2012 2:43am
Quick question ....when its a buy for instance........... do you buy on the first sign of the light red candle or wait until that candle is completed and its on to the next one..Thanks
  • #656
  • Jun 20, 2012 2:45am Jun 20, 2012 2:45am
yes, position SL where you want, whilst maintaining 1:3

Quoting Grumbo
Hi Peter,
I think the whole point is the risk/reward ratio. Apply discretion to the stop and that changes, unless you change your TP.
Then maybe we can take volatility and ADR into account etc. THe "system then has changed.
G
  • #657
  • Jun 20, 2012 2:47am Jun 20, 2012 2:47am
Loss
  • #658
  • Jun 20, 2012 2:52am Jun 20, 2012 2:52am
Took this buy too.

-5%

In fact it was not -5%, i think it is impossible to use stops in the way Paulos is using. Probably i will try ADR or ATR to have a pre calculated stop.
  • #659
  • Jun 20, 2012 2:53am Jun 20, 2012 2:53am
Loss -5% today for me, Peter why did you put your stop at 69, would be interested to know
Cheers
Geoff
  • #660
  • Jun 20, 2012 2:53am Jun 20, 2012 2:53am
Quoting gaztrader29
Quick question ....when its a buy for instance........... do you buy on the first sign of the light red candle or wait until that candle is completed and its on to the next one..Thanks
Signals are taken on close only.
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