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SAFT System

  • #41
  • Aug 14, 2012 5:51am Aug 14, 2012 5:51am
Just took my 1st trade - not sure if its correct... but, hey... its a demo
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-14 12-50-11.jpg Size: 112 KB
  • #42
  • Aug 14, 2012 5:51am Aug 14, 2012 5:51am
Here is a good example of why it is important to wait on a trendline break on both price and OBV. This is bouncing on the OBV trendline and so it is keep me out of whipsaws that will drive one mad!

Luckily...SAFT is only tell me to enter when price is ready to move in new direction.

Evaluator.:nerd:
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  • #43
  • Aug 14, 2012 5:55am Aug 14, 2012 5:55am
Quoting blazko
Just took my 1st trade - not sure if its correct... but, hey... its a demo

Please compare you chart with my post #36. I think you will see the differences. But atleast your sell order is in the green!!!

Evaluator.:nerd:
  • #44
  • Aug 14, 2012 6:06am Aug 14, 2012 6:06am
Here is a quick tool I coded some weeks ago to fully follow a good money management plan.

That indicator needs two lines :
- your entry -> name it "ORDER"
- your stoploss -> name it "SL"

You can also put an extra line name "TP", but by default the TP is always set to 1:2. If you move it, it new values are calculated.

Once your lines are on the chart, it will calculate your trading size based on your account and the risk % you set in the params.

Enjoy,
LhDT
Attached Image (click to enlarge)
Click to Enlarge Name: mm.jpg Size: 231 KB
Attached File(s)
File Type: ex4 LHDT_MM.ex4   7 KB | 714 downloads
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  • #45
  • Edited 8:26am Aug 14, 2012 6:29am | Edited 8:26am
Finnally a SAFT order signal!!! Follow post#1 and all the numbers are explained.

Evaluator:nerd:

UPDATE 1:

Price action drops same distance as stoploss (30 pips) per dynamic stoploss rules stoploss moved to +3 pips profit. Now look to +60 pips from order for take profit level 1.22940.

UPDATE 2:

Price Action retracement spike takes out stoploss for +3 pips profit. Order closed.
Attached Image (click to enlarge)
Click to Enlarge Name: SAFT Screenshot 11.jpg Size: 168 KB
  • #46
  • Aug 14, 2012 6:32am Aug 14, 2012 6:32am
Quoting Evaluator
Finnally a SAFT order signal!!! Follow post#1 and all the numbers are explained.

Evaluator:nerd:
Good thing I just entered that trade 5 mins ago then. GL all, even though it's demo for me.
Pursuit of happiness
  • #47
  • Aug 14, 2012 6:45am Aug 14, 2012 6:45am
Saft Signal on the 1 hr time frame EurUsd. I guess
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd hourly saft signal.gif Size: 20 KB
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #48
  • Aug 14, 2012 6:49am Aug 14, 2012 6:49am
Quoting Poh
Good thing I just entered that trade 5 mins ago then. GL all, even though it's demo for me.

  • #49
  • Aug 14, 2012 6:50am Aug 14, 2012 6:50am
Quoting okehiedon
Saft Signal on the 1 hr time frame EurUsd. I guess

If the Hourly bar has closed then Y E S!!!

Evaluator.:nerd:
  • #50
  • Aug 14, 2012 6:56am Aug 14, 2012 6:56am
Quoting Evaluator
If the Hourly bar has closed then Y E S!!!

Evaluator.:nerd:
noted
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #51
  • Aug 14, 2012 7:06am Aug 14, 2012 7:06am
Quoting lhDT
Here is a quick tool I coded some weeks ago to fully follow a good money management plan.

That indicator needs two lines :
- your entry -> name it "ORDER"
- your stoploss -> name it "SL"

You can also put an extra line name "TP", but by default the TP is always set to 1:2. If you move it, it new values are calculated.

Once your lines are on the chart, it will calculate your trading size based on your account and the risk % you set in the params.

Enjoy,
LhDT
excellent MM Tool thanks for sharing
LISTEN TO MR FUNDAMENTAL AND MR TECHNICAL
  • #52
  • Edited 7:39am Aug 14, 2012 7:12am | Edited 7:39am
W A R N I N G !!!

Major News Event in 15 min. This can throw any system off so one can not blame SAFT for things beyond its technical control.


USD Retail Sales (JUL)

UPDATE:
USA Retail Sales gow 0.8% crushing estimate of 0.3% - Risk on?
  • #53
  • Aug 14, 2012 7:42am Aug 14, 2012 7:42am
Interesting.....good USA REtail data and markt is taking this as a bad sign....RISK is OFF.

That is good for my SAFT entry.
  • #54
  • Aug 14, 2012 7:42am Aug 14, 2012 7:42am
Why not use Demark Trendline indicator for the SAFT sys?
Quite effective an automatic instead of manual.
Attached File(s)
File Type: mq4 Ind_TD_DeMark_3_1_LA_Mod_03B_AIME.mq4   22 KB | 634 downloads
File Type: mq4 Ind-TD-DeMark-3-1_eng.mq4   15 KB | 625 downloads
  • #55
  • Aug 14, 2012 7:44am Aug 14, 2012 7:44am
Quoting gg53
Why not use Demark Trendline indicator for the SAFT sys?
Quite effective an automatic instead of manual.

gg53,

I looked at it....tested it but was unsatisfied with its performance so I do not use it.

Evaluator.:nerd:
  • #56
  • Aug 14, 2012 9:00am Aug 14, 2012 9:00am
Evaluator,

thanks for the system.

To be clear on the entry, do we wait for the close of the bar that breaks the trendlines and then enter on the next open?

Thanks
  • #57
  • Aug 14, 2012 9:14am Aug 14, 2012 9:14am
Evaluator,

Again a question. Sorry to be a pest.

On your ARBS figures. So assuming a 2000 balance. Total orders of .2 standard lots. Is that orders at risk of loss? In other words once an order has been moved to BE +3 then that would not count towards total, right?
  • #58
  • Aug 14, 2012 12:12pm Aug 14, 2012 12:12pm
Evaluator,
i know i entered this long too early but whats you opinion on position reversing?

my previous short trade was in a nice profit (although didnt hit TP) and I started to see opposite direction trade opportunity (not entirely confirmed my OBV).
Attached Image (click to enlarge)
Click to Enlarge Name: 2012-08-14 19-09-39.jpg Size: 321 KB
  • #59
  • Aug 14, 2012 12:20pm Aug 14, 2012 12:20pm
Quoting blazko
Evaluator,
i know i entered this long too early but whats you opinion on position reversing?

my previous short trade was in a nice profit (although didnt hit TP) and I started to see opposite direction trade opportunity (not entirely confirmed my OBV).

I think that will be the struggle here. What is and isn't a valid trendline and does it invalidate an earlier one.

My chart shows a different setup from yours (where we drew the TL's)

I guess since our s/l's and t/p's will be commensurate with the size of the 'trend' you can keep going back and forth between longs and shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 114 KB
  • #60
  • Aug 14, 2012 12:41pm Aug 14, 2012 12:41pm
Quoting spyderman
Evaluator,

thanks for the system.

To be clear on the entry, do we wait for the close of the bar that breaks the trendlines and then enter on the next open?

Thanks

spyderman,

Yes. I wait until the bar closes below trendlines. However, depending on ones risk tolerance one could make an order as it is crossing the trendlines and not wait until close but that puts you at risk of a trendline strike and bounce like I noted in post #42. But that would drive me insane because my tolerance for whipsaws is very low.

Evaluator.:nerd:
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