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Using the DASR for successful trading

  • #581
  • Aug 10, 2012 4:21am Aug 10, 2012 4:21am
short 96.40, SL 96.51, TP 96.07
I never lose - either I win or I learn...
  • #582
  • Aug 10, 2012 4:29am Aug 10, 2012 4:29am
just testing...short 1.0521
I never lose - either I win or I learn...
  • #583
  • Aug 10, 2012 6:42am Aug 10, 2012 6:42am
OK here'smy charts for today so far.

Got a signal on GBPUSD to go short but I was already short.

As I was already short on euro (USD and JPY) didn't need a signal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 5min.gif Size: 23 KB
Click to Enlarge Name: eurjpy 5min.gif Size: 21 KB
Click to Enlarge Name: gbpusd 5min.gif Size: 23 KB
  • #584
  • Aug 10, 2012 6:45am Aug 10, 2012 6:45am
I think the signal arrow only appears when price action retraces enough

On EURUSD and EURJPY the signal from YESTERDAY still applies!
  • #585
  • Aug 10, 2012 6:49am Aug 10, 2012 6:49am
Quoting jdva
just testing...short 1.0521
Hi jdva

Were you using the 62 EMA for that?
  • #586
  • Aug 10, 2012 6:54am Aug 10, 2012 6:54am
Guys,

Put CHFJPY on your radar for next week.

On backtesting - really a great pair for our system. Not a lot of whipsaw!!


Sorry - p1m1t indicator - 0.00am to 5.00am
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy 5 min.gif Size: 24 KB
  • #587
  • Aug 10, 2012 7:14am Aug 10, 2012 7:14am
OK I closed out all shorts for 70 pips profit - it's thanks to our new system!

Cyber1 very kindly fixed an EA that I'm very interested in. It's called "price_bounce_off_MA" and it initiates a trade when price action bounces off the SMA or EMA that you choose.

Probably best to set it up to open a trade off the 62 EMA most times.

I'm attaching it hereto for anyone who want's to test it out. I think it's great to set up when one sees a good break out in the early morning and one hasn't got time to hang around watching the chart all day! Probably one needs a VPS though
Attached File(s)
File Type: mq4 Price_Bounce_Off_MA_v.2e_mod.mq4   19 KB | 238 downloads
  • #588
  • Aug 10, 2012 7:31am Aug 10, 2012 7:31am
Quoting jmtini
Hi jdva

Were you using the 62 EMA for that?
not yet, Jmtini, first have to get some experience with ema62...signal on AU trade was Paulus 5min method with confirmation of daily ema10...

got my 33 pips on EJ and 22 on EU....
I never lose - either I win or I learn...
  • #589
  • Aug 10, 2012 7:41am Aug 10, 2012 7:41am
Quoting jmtini
OK I closed out all shorts for 70 pips profit - it's thanks to our new system!

Cyber1 very kindly fixed an EA that I'm very interested in. It's called "price_bounce_off_MA" and it initiates a trade when price action bounces off the SMA or EMA that you choose.

Probably best to set it up to open a trade off the 62 EMA most times.

I'm attaching it hereto for anyone who want's to test it out. I think it's great to set up when one sees a good break out in the early morning and one hasn't got time to hang around watching the chart all day! Probably...
thanks for sharing, will test EA after holiday......

HT jdva
I never lose - either I win or I learn...
  • #590
  • Aug 10, 2012 8:31am Aug 10, 2012 8:31am
Thanks for all your help jmtini.Testing system and ea when I have it set up.

Can you tell me what the MA_Modes are so I can set it to the correct version of the 62 mav ?

Many thanks once again.






Quoting jmtini
OK I closed out all shorts for 70 pips profit - it's thanks to our new system!

Cyber1 very kindly fixed an EA that I'm very interested in. It's called "price_bounce_off_MA" and it initiates a trade when price action bounces off the SMA or EMA that you choose.

Probably best to set it up to open a trade off the 62 EMA most times.

I'm attaching it hereto for anyone who want's to test it out. I think it's great to set up when one sees a good break out in the early morning and one hasn't got time to hang around watching the chart all day! Probably...
  • #591
  • Aug 10, 2012 8:32am Aug 10, 2012 8:32am
Quoting jdva
thanks for sharing, will test EA after holiday......

HT jdva
Hope you have a great holiday, jdva

I'm afraid that I need another 5000 pips before I can afford to take mine!


Anyway I am going to test the price_bounce_off_MA (modified) EA next week on a VPS that I've purchased. Seems to work fine on the strategy tester but it's got to be tested live of course.

I have attached today's chart again where the price_bounce_off_Ma expert advisor would have worked really well off the 62 EMA - one can set up up to take 10 pips profit everytime (or whatever you like)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5min.gif Size: 24 KB
  • #592
  • Aug 10, 2012 8:49am Aug 10, 2012 8:49am
Quoting klw
Thanks for all your help jmtini.Testing system and ea when I have it set up.

Can you tell me what the MA_Modes are so I can set it to the correct version of the 62 mav ?

Many thanks once again.

Hi klw

Are you talking about the EA? If so I'll post some instructions over the weekend. As far as the 62 EMA is concerned I use the attached indicator which was actually made for this EA! If you want to find out more about the EA please see this thread: http://www.forexfactory.com/showthread.php?t=167918
Attached File(s)
File Type: ex4 MA_Bounce_Candle_Indicator.ex4   3 KB | 199 downloads
  • #593
  • Edited 9:11am Aug 10, 2012 8:56am | Edited 9:11am
Hi jmtini -- I think I may have worked them out , if they run in the same order as they are listed in the indicator , then this should be the correct settings ?

0 = simple
1= exponential
2= smoothed
3= linear weighted

If I am wrong someone please correct me.


Edit found this in the settings of the thread below --


You can now change "MA_Mode" as follows:

SMA=0,EMA=1,SMMA=2,LWMA=3

Default "MA_Mode" is now set to SMA=0.





Quoting jmtini
Hi klw

Are you talking about the EA? If so I'll post some instructions over the weekend. As far as the 62 EMA is concerned I use the attached indicator which was actually made for this EA! If you want to find out more about the EA please see this thread: http://www.forexfactory.com/showthread.php?t=167918
  • #594
  • Aug 10, 2012 10:37am Aug 10, 2012 10:37am
Quoting jmtini
Hope you have a great holiday, jdva

I'm afraid that I need another 5000 pips before I can afford to take mine!


Anyway I am going to test the price_bounce_off_MA (modified) EA next week on a VPS that I've purchased. Seems to work fine on the strategy tester but it's got to be tested live of course.

I have attached today's chart again where the price_bounce_off_Ma expert advisor would have worked really well off the 62 EMA - one can set up up to take 10 pips profit everytime (or whatever you like)
thanks jmtini,...I think it will just take a short time to make your 5000 pips...

Happy pipping, jdva
I never lose - either I win or I learn...
  • #595
  • Aug 10, 2012 10:45am Aug 10, 2012 10:45am
[quote=klw;5920258]Hi jmtini -- I think I may have worked them out , if they run in the same order as they are listed in the indicator , then this should be the correct settings ?

0 = simple
1= exponential
2= smoothed
3= linear weighted

If I am wrong someone please correct me.


That's is quite right - you can adjust depending on if you are using SMA or EMA

You can also adjust it to the time frame chart you have open in our case "5".
You can also set it to use MM and adjust for your SL and TP.
I have an ECN trading account and apparently it now works with a set SL and TP with "market execution" ECN trading accounts.

I'll keep updating as I test it next week.

I also have an EA which one can use on the 4 hr chart (higher timeframes) which opens a trade when price action breaks through an SMA or EMA and is great to catch big movements when the trend changes. IF anyones interested I'll post it.
  • #596
  • Aug 11, 2012 3:23am Aug 11, 2012 3:23am
I use the vegas 1 hr tunnel ema lines as my "ultimate" resistance/support on the 5 min chart - a nice "filter" - When it is broken it very effectively tells me that the trend has changed. A good example was the AUDUSD chart yesterday (attached)

I've found that a very good method for detecting a break out and good entry point is using the stochastic indicator to look for diversion. I'll try to post some examples later.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 5min.gif Size: 23 KB
  • #597
  • Aug 11, 2012 3:28am Aug 11, 2012 3:28am
Quoting jmtini
I use the vegas 1 hr tunnel ema lines as my "ultimate" resistance/support on the 5 min chart - a nice "filter" - When it is broken it very effectively tells me that the trend has changed. A good example was the AUDUSD chart yesterday (attached)

I've found that a very good method for detecting a break out and good entry point is using the stochastic indicator to look for diversion. I'll try to post some examples later.
jmtini, that would be great!
I was just reading up on stochastics, so I'd appreciate a look at how you incorporate them.
Looking forward to it
  • #598
  • Aug 11, 2012 12:22pm Aug 11, 2012 12:22pm
A couple of nice examples here-below. I try to look for a series of higher lows or lower highs and look for a buy/sell opportunity on the first stoch high/low that breaks that trend. One can find quite a few examples on backtesting.

Of course when one get's a break-out like yesterday afternoon the stoch is useless to detect overbought or oversold situations.

I've also attached a another indicator that shows an entry arrow. It's about 60% reliable but maybe nice to use as part of our whole 5min chart system "package".

Someone else alerted me to a nice little additional indicator. It's the RSI (comes with the MT4 platform) but set it to "21". Also add a "50" level. Above 50 should be an uptrend whereas below 50 is downtrend. However when I checked it out I noticed that the "50" level corresponds exactly with our 62 EMA (price_bounce indicator)!!So unnecessary to have it IMO because the 62 EMA is all we need.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5 min.gif Size: 25 KB
Attached File(s)
File Type: ex4 Entry.ex4   5 KB | 200 downloads
  • #599
  • Edited Aug 13, 2012 3:20am Aug 12, 2012 11:14am | Edited Aug 13, 2012 3:20am
OK so we now have a chart opened - specifically the 5 min chart with some useful indicators. Why the 5 min chart? Well because want to catch the "fast train" - that is when price action moves quickly and within our defined parameters we want to be able to make some sense out of it and catch (and then get off) the fast train at the optimum moment. And defining that "optimum moment" is really what it's all about!

Actually what I've always done when I'm trading short time frames is firstly look at a longer time frames in order to get a good idea of trend direction. I briefly look at the 4hr chart and then the 1hr chart and I look at the preceding candles. Over the last few trading trading days, it wasn't difficult to see (as far as EURUSD is concerned) that we were in a downtrend thus we would only be looking for selling opportunities.
  • #600
  • Aug 13, 2012 3:18am Aug 13, 2012 3:18am
2 good stoch signals today.

However the chart is not great on EURUSD as we had a huge range during the night and the MA's are not lined up nicely for a safe trade IMHO.

When we start the trading day and open the chart we really want to see a nice small Asian trading range as well as price action not breaking through our 1 hr vegas EMA lines (blue and white lines)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5 min.gif Size: 24 KB
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