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Using the DASR for successful trading

  • #821
  • Sep 24, 2012 11:58pm Sep 24, 2012 11:58pm
Hi everyone

BTW just wanted to mention that I'm still using our EA and managed now to get it to take 5 pips profit (once it's in profit) whatever happens! It's working a whole lot better. Got the new settings on demo account using the 15 min chart (62 EMA) on EU, AU, EJ, GU, CJ, AJ for this week and I will post all the results at the end of the week!
  • #822
  • Sep 25, 2012 12:03am Sep 25, 2012 12:03am
Attached Image (click to enlarge)
Click to Enlarge Name: EU15min.png Size: 60 KB


Hi Jerry,

targeting BRN/RN ist a very good strategy, this night I could made 37,8 pips using it.... with manual entry yesterday evening.
Could you solve the problem of double entries with the EA, f.i. only open buys if the slope of ema62 is rising and vice versa sells if slope is falling?
And how about partly exits?

HT jdva
I never lose - either I win or I learn...
  • #823
  • Sep 25, 2012 12:24am Sep 25, 2012 12:24am
Quoting jdva
Attachment

Hi Jerry,

targeting BRN/RN ist a very good strategy, this night I could made 37,8 pips using it.... with manual entry yesterday evening.
Could you solve the problem of double entries with the EA, f.i. only open buys if the slope of ema62 is rising and vice versa sells if slope is falling?
And how about partly exits?

HT jdva
Hi jdva

Yes thanks - it certainly is! I in fact predicted the bounce (that occured just now off our 24/28 EMA) according to this new strategy and it was spot on - absolutely amazing!!
BRN sweeps now taking place exactly as this strategy predicts - absolutely amazing!!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5 min chart sweeps.gif Size: 18 KB
  • #824
  • Sep 25, 2012 1:14am Sep 25, 2012 1:14am
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5.png Size: 39 KB


...another quick 12.2 pips on M5 bouncing off ema62, last week low (red line) and ema10 monthly (three confluences!)....exit BRN 1.2900
I never lose - either I win or I learn...
  • #825
  • Sep 25, 2012 1:31am Sep 25, 2012 1:31am
Attached Image (click to enlarge)
Click to Enlarge Name: EG M30.png Size: 23 KB


30 pips bouncing M30 ema24+62 + several confluences f.i. daily pivot....exit at ADR low, very important S/R too
I never lose - either I win or I learn...
  • #826
  • Sep 25, 2012 1:56am Sep 25, 2012 1:56am
Attached Image (click to enlarge)
Click to Enlarge Name: EU M5.png Size: 33 KB


another + 7 pips....bouncing off ema62 (yellow line) EU M5....and pinbar...thanks Jerry!
I never lose - either I win or I learn...
  • #827
  • Sep 25, 2012 2:14am Sep 25, 2012 2:14am
Attached Image (click to enlarge)
Click to Enlarge Name: EU day.jpg Size: 151 KB


EU now at TL support...if broken might go to 1.2824
I never lose - either I win or I learn...
  • #828
  • Sep 25, 2012 2:35am Sep 25, 2012 2:35am
....there was another chance of bouncing off ema62, third for today, for making some pips till BRN, but missed it
I never lose - either I win or I learn...
  • #829
  • Sep 25, 2012 6:06am Sep 25, 2012 6:06am
Quoting jdva
....there was another chance of bouncing off ema62, third for today, for making some pips till BRN, but missed it

Hi jdva

Sorry I was out since around 9.00am and missed the reversal! I have a strong feeling that the reversal is because the market was/is expecting good news IRO the announcement today. Fundamentals can blow any strategy away so one always has to take impending fundamental news into account!

Anyway about your EA problem - I'm really not sure why it should open more then one trade if it's set up properly. I have posted my EA with my new settings which gives a min 5 pips profit here-below: (YOU MUST CHANGE THE LOTS SETTING TO SUIT YOUR ACCOUNT OF COURSE)
Attached File(s)
File Type: mq4 Price_Bounce_Off_MA_v.2e_mod.mq4   32 KB | 223 downloads
  • #830
  • Sep 25, 2012 7:07am Sep 25, 2012 7:07am
Quoting jmtini
Hi jdva

Sorry I was out since around 9.00am and missed the reversal! I have a strong feeling that the reversal is because the market was/is expecting good news IRO the announcement today. Fundamentals can blow any strategy away so one always has to take impending fundamental news into account!

Anyway about your EA problem - I'm really not sure why it should open more then one trade if it's set up properly. I have posted my EA with my new settings which gives a min 5 pips profit here-below: (YOU MUST CHANGE THE LOTS SETTING TO SUIT YOUR ACCOUNT...
thx Jerry, took your settings except for envelope set to 1, I think TP set to 10 and SL to 15 gives a bad C/R ratio and actually makes little sense...how do you think about that?
I never lose - either I win or I learn...
  • #831
  • Sep 25, 2012 7:30am Sep 25, 2012 7:30am
Quoting jdva
thx Jerry, took your settings except for envelope set to 1, I think TP set to 10 and SL to 15 gives a bad C/R ratio and actually makes little sense...how do you think about that?
Yes - up to you really. I think SL of 15 is good and TP of 15. Envelope setting is always a lottery as sometimes pa does not break through our support/resistance
EMA! But of course with your broker's spread 1 is probably OK.
  • #832
  • Edited 7:54am Sep 25, 2012 7:39am | Edited 7:54am
Hi everyone

Well at the moment as far as EU is concerned, we are in a "sweep" situation through 2900

Of course we have little idea whether PA is going to go continue up or whether we are going back down again. However using our "gunning the number strategy" we can get a good idea of what is probably going to be the case! Guys (this is not my strategy by the way!) but if you look back over EU trading history you'll note that there is always an "envelope" around BRN levels. I have shaded the envelope levels for you on the attached chart.

By noting where the activity of the price action is in relation to our "envelope" we can set our trading plan accordingly. This morning it was in the "UPPER PORTION" so the reversal up to 2900 was pretty obvious!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15 min gunning template.gif Size: 20 KB
  • #833
  • Sep 25, 2012 7:53am Sep 25, 2012 7:53am
OK

So obviously looking at the previous chart you probably saw 2 great bounce opportunities off our "bounce" EMA

This is of course the beauty of having two strategies that work so well together!


I have tried to combine the two in the attached template.


BTW , notice right now how PA is mainly IN THE UPPER ENVELOPE above 2900 BRN

Anyway, I have attached the new template for you. You have to draw in your own 15 pip levels (each side of the BRN) because otherwise the template would be too cluttered!
Attached File(s)
File Type: tpl gunning the number.tpl   36 KB | 229 downloads
  • #834
  • Sep 25, 2012 8:05am Sep 25, 2012 8:05am
Hi everyone

OK now that we have ascertained that the direction (EU) is most definitely up we can change to our "fast trend" template to pick a nice level to buy. Almost for sure we can look for 2950 TARGET sooner rather then later!!


P.S. I have also posted below my revised "fast trend" template which includes ALL of the significant EMA's that you need!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 5 min fast trend.gif Size: 17 KB
Attached File(s)
File Type: tpl fast trend.tpl   10 KB | 207 downloads
  • #835
  • Sep 25, 2012 8:21am Sep 25, 2012 8:21am
Quoting jmtini
OK

So obviously looking at the previous chart you probably saw 2 great bounce opportunities off our "bounce" EMA

This is of course the beauty of having two strategies that work so well together!


I have tried to combine the two in the attached template.


BTW , notice right now how PA is mainly IN THE UPPER ENVELOPE above 2900 BRN
Anyway, I have attached the new template for you. You have to draw in your own 15 pip levels (each side of the BRN) because otherwise the template would be too cluttered!
set envelope in indi to "10" means only 1 pip difference from ema62 for upper and lower range...is that right? What does envelope "3" mean in EA?

for applying EA on M5 and ema24....have I to change both timeframe and MAperiod settings in EA accordingly?

thanks, jdva
I never lose - either I win or I learn...
  • #836
  • Sep 25, 2012 9:26am Sep 25, 2012 9:26am
Quoting jdva
set envelope in indi to "10" means only 1 pip difference from ema62 for upper and lower range...is that right? What does envelope "3" mean in EA?

for applying EA on M5 and ema24....have I to change both timeframe and MAperiod settings in EA accordingly?

thanks, jdva
Hi jdva

1/ Envelope of "10" would mean that EA will open a trade 10 pips above or below the particular MA you set. I think that the setting you first had was OK but I have found 2 or 3 best to catch price action that doesn't quite reach the MA.

2/ Yes I would change the timeframe setting depending which chart you are tracking the action on. I have found that if you want to set up the EA as a "set and forget" EA - it's best to set it upon the 15 min chart, 62 EMA. Yes of course you have to change the EMA setting to match the particular EMA you are targeting - mostly it's "62" (and "1" for EMA) or "24" ("1" again for EMA)
  • #837
  • Sep 25, 2012 9:37am Sep 25, 2012 9:37am
Quoting jmtini
Hi jdva

1/ Envelope of "10" would mean that EA will open a trade 10 pips above or below the particular MA you set. I think that the setting you first had was OK but I have found 2 or 3 best to catch price action that doesn't quite reach the MA.

2/ Yes I would change the timeframe setting depending which chart you are tracking the action on. I have found that if you want to set up the EA as a "set and forget" EA - it's best to set it upon the 15 min chart, 62 EMA. Yes of course you have to change the EMA setting to match the particular EMA...
I dont mean envelope 10 setting in the EA but in the bounce indicator...and it looks in the chart like only 1 pip range from middle ema line...
moreover EA did not close a position which was 5 pips ahead, it just did adjust SL to BE...
I never lose - either I win or I learn...
  • #838
  • Sep 25, 2012 9:38am Sep 25, 2012 9:38am
Hi everyone

Well I should have taken noticed of the pinbars in our new template "BRN envelope" shouldn't I?

Quite clear that we were going to stay in "BRN sweep" for while. The 15 pip extension area is quite vital for this strategy. Taking a look at GU as well really makes that clear!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 15 min gunning the number.gif Size: 18 KB
Click to Enlarge Name: gbpusd 15 min gunning the number.gif Size: 18 KB
  • #839
  • Sep 25, 2012 9:59am Sep 25, 2012 9:59am
Quoting jdva
I dont mean envelope 10 setting in the EA but in the bounce indicator...and it looks in the chart like only 1 pip range from middle ema line...
moreover EA did not close a position which was 5 pips ahead, it just did adjust SL to BE...

I haven't really worried too much about the indi envelope - just use it as a rough guide?

I have attached a trade my EA took at around 15.30pm on GU - didn't quite reach the TP level (missed it by .3 of a pip - how many times does that happen!) but it took profit +5 pips. Your one should do the same??
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 15 min.gif Size: 44 KB
  • #840
  • Sep 25, 2012 10:22am Sep 25, 2012 10:22am
Quoting jmtini
I haven't really worried too much about the indi envelope - just use it as a rough guide?

I have attached a trade my EA took at around 15.30pm on GU - didn't quite reach the TP level (missed it by .3 of a pip - how many times does that happen!) but it took profit +5 pips. Your one should do the same??
OK....5 pips is the trailing distance, I have set FirstTakeProfit to 10 and TakeProfit to 30, does that mean 1/2 position should be closed at 10 and the other half at 30 pips profit?
"3" setting in EA means 3 pips range for open a position or what?

thx, jdva
I never lose - either I win or I learn...
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