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Using the DASR for successful trading

  • #841
  • Sep 25, 2012 12:33pm Sep 25, 2012 12:33pm
Quoting jdva
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
Hi jdva

That's a very good question about the FirstTakeProfit and final TP - I have not seen that work. Only the final TP level.
Are you talking about this: BarsFromOpen = 1? It apparently controls the EA to start using the trailing stop after the first bar or whatever bar you select.

To be honest with you, I don't know the answer to your first question. I am not a EA programmer. Have a look again at this thread: http://www.forexfactory.com/showthread.php?t=167918

If you really want to get detailed information about the EA please ask "Cyber1". You will see his posts on the thread - just reply to one of them with any questions and I'm sure that he will answer with the correct information which is better then some of my educated guesses!

Rgds

Jerry
  • #842
  • Sep 26, 2012 12:09am Sep 26, 2012 12:09am
Hi everyone

Well a very interesting night using our EA that's for sure!!

I took jdva's advise and changed my TP and SL settings for last night with most pairs in a good trending situation! This was my set-up:

//----------------------
extern int StopLoss = 5;//Optimize per TF & pair
extern int FirstTakeProfit = 5;//Optimize per TF & pair
extern int TakeProfit = 20;//Optimize per TF & pair
//----------------------
extern bool Trailing_Alls_Option = true;
extern int Trail_Distance = 5;//Optimize per TF & pair
extern int Trail_Start_Trigger = 5;//Optimize per TF & pair
extern int BarsFromOpen = 1;//Optimize per TF & pair
//------------------
extern int MA_Period=24;//Optimize per TF & pair
extern int MA_Mode=1;//SMA=0,EMA=1,SMMA=2,LWMA=3
  • #843
  • Sep 26, 2012 12:17am Sep 26, 2012 12:17am
Here are the results from last night (EU, GU, EJ, CJ, AU, AJ)


19 winners and

12 losers


I think it worked out to + 60 pips
Attached Image (click to enlarge)
Click to Enlarge Name: statement last night.gif Size: 58 KB
  • #844
  • Sep 26, 2012 12:33am Sep 26, 2012 12:33am
Hi everyone

Well a small lesson learned - the "big boys" (Asian session) that sold EU Tuesday morning (white circle) don't mind holding on a day or two to collect their profits!

We are now sitting just above S1 support and I would think we'll break through soon because 2850 must be the TARGET in sight!


Last night I had a pending sell at 2914 which did not quite get filled ! A usual trade for this strategy as price action that stalls at the "number" will often retrace back to the upper envelope before starting down and shooting through the "number" - exactly what happened!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15 min gunning the number.gif Size: 20 KB
  • #845
  • Sep 26, 2012 3:01am Sep 26, 2012 3:01am
Hi Jerry.

you should cyber1 or some other coder ask for creating above EA!

HT jdva
I never lose - either I win or I learn...
  • #846
  • Sep 26, 2012 4:25am Sep 26, 2012 4:25am
Quoting jdva
Hi Jerry.

you should cyber1 or some other coder ask for creating above EA!

HT jdva

Hi jdva

I know what you want! However there is a danger with that strategy!!

- if you feel that you want to get an EA like that you can ask him yourself,just post any coding/indi requests on this thread:

http://www.forexfactory.com/showthre...166758&page=74

It's called: "I will code your EA and indi's for no charge"!
  • #847
  • Sep 26, 2012 4:37am Sep 26, 2012 4:37am
Hi everyone

Well if you had your 15 min EU chart open (good to have it open constantly with our "gunning the number" template) you will have noticed that we got a really nice bounce off our 62 EMA just after 9.30 am (GMT) this morning - well almost!
Which is the reason why I suggest a 3 pip envelope on our EA, especially for retracements against the trend - Since then it's been downhill back to 2850!

It's not the first time this has happened - that's why it's good to use our EA envelope setting - probably we're not the only one's by far using the 62 EMA strategy - and the table is always in favour of the dealer - if you know what I mean - so we have to be clever!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15 min 62 ema strategy.gif Size: 19 KB
  • #848
  • Sep 26, 2012 7:42am Sep 26, 2012 7:42am
Hi everyone

Using our "gunning the number" template we notice a NEW AREA to bounce trades off! What is that? Well it's the 15 pip envelope area around the BRN ( red circle on our attached chart)

You will note how the BRN often acts as a MAGNET. Price action shoots back and forward through the BRN (usually it's the "big boys" sweeping up retail traders stops!!) That's why I mentioned to jdva that having pending trades at the BRN is dangerous! That's what the most of the small RT's are doing. That's what the "big guys" know and they are sweeping them up, reversing and knocking out many nervous RT's!

Having another look at our template, I have shaded the "sweep" area. That is roughly the area 10 pips either side of the BRN. Of course by following the "sweep" direction we can go WITH the big boys and pick up a nice few pips!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m15 gunning the number.gif Size: 21 KB
  • #849
  • Sep 26, 2012 8:13am Sep 26, 2012 8:13am
Hi everyone

Well I took a trade on GU - perfect set up - just bounced off the 15 min bounce EMA and previous bearish doji (I think) plus it stood perfectly at 15 pip envelope (6165) level.

The price shot down through the BRN at 6150 - 25 pips gain in a hurry!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m15 gunning the number.gif Size: 16 KB
  • #850
  • Sep 26, 2012 8:31am Sep 26, 2012 8:31am
Guys let's have a another look at that GU set up and the situation. I have reposted the chart. Note the nice "head and shoulders" formation. We always want to try to take the trade off the shoulder - obviously we want to look for a nice entry level like we had just now - preferably a "bounce" off our EMA!

Right now it's in "sweep" mode - The boys are mopping up as many SRT's as they can - many joined in the down move too late will unfortunately get hit.

If you want to join a move and it's INSIDE the sweep zone - it's too late!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd m15 gunning the number.gif Size: 17 KB
  • #851
  • Sep 26, 2012 11:42am Sep 26, 2012 11:42am
Hi everyone

I hope that you are beginning to understand this new "gunning the number" strategy.

I have attached the latest EU 15 min chart showing some nice OUTER ENVELOPE TRADES.

Why it's so nice to trade this is because it gives us an "edge" over most SRT's who are mostly trading AWAY from the BRN whereas we are constantly looking for trades (from the outer envelope) BACK TOWARDS the BRN. We have the advantage IF we are trading WITH the "big guys"!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m15 gunning the number.gif Size: 19 KB
  • #852
  • Edited 6:03pm Sep 26, 2012 4:16pm | Edited 6:03pm
Quoting jmtini
Hi everyone

I hope that you are beginning to understand this new "gunning the number" strategy.

...We have the advantage IF we are trading WITH the "big guys"!!
Hi Jerry,
You are certainly onto something here! Although the notion of pivots and RNs is well known, I imagine many novices are unsure about how to integrate them into their trading.
After studying recent posts a few times, I can now see the approach you are suggesting. Wait for pullback to the Trend 62EMA and trade from the 15pip envelope either side of the BRN!
Thanks,
EP
  • #853
  • Sep 27, 2012 5:24am Sep 27, 2012 5:24am
Quoting EaglePip
Hi Jerry,
You are certainly onto something here! Although the notion of pivots and RNs is well known, I imagine many novices are unsure about how to integrate them into their trading.
After studying recent posts a few times, I can now see the approach you are suggesting. Wait for pullback to the Trend 62EMA and trade from the 15pip envelope either side of the BRN!
Thanks,
EP
Hi Eaglepip

Thanks for that! Does not always work but certainly is a strategy that works most of the time!

Today was a especially difficult day - probably for most strategies as we've had very volatile trading conditions due to fundamentals being completely messed up!

Looks like the same situation as we've had on many days with regards to EU - pushed down in the morning and then finding strong support in the NY session. Got a feeling that the US does not want the dollar too high - hurts their exports!!
  • #854
  • Sep 27, 2012 8:39am Sep 27, 2012 8:39am
Hi everyone

Well if you haven't already noticed, it's been a beastly day!!

I'm 24 pips down and I called it a day a couple of hours ago.
  • #855
  • Sep 28, 2012 5:25am Sep 28, 2012 5:25am
Hi everyone

Well a much better day today I'm sure all will agree!!

I 'm 12 pips up but could be a whole lot more but for being a over cautious!
  • #856
  • Sep 29, 2012 7:18am Sep 29, 2012 7:18am
Hi everyone

Sorry I've not been around - watching the golf like millions of others!

Just thought I'd post the GBPUSD 15min chart from yesterday. We have already discussed the kind of set-up that we are always looking for as far as our "gunning the target" strategy is concerned. A push down (or up) followed by a retracement to our envelope area COMBINED with a bounce off our falling (or rising) DASR. Now on Friday we had the perfect set-up as we had all of those pre-requirements PLUS a bounce off the daily pivot!!
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd confluence agreement.gif Size: 21 KB
  • #857
  • Sep 29, 2012 7:38am Sep 29, 2012 7:38am
OK

let's have a look at another trading pair with our strategy in mind. Looking back to Thursday we find at least SIX opportunities to trade using our 15 pip ("off the shoulder") level as well as our 62 EMA bounce indi.

WITH THIS STRATEGY WE EXPECT PRICE ACTION TO SWEEP THROUGH THE BRN TARGET OF COURSE
Attached Image (click to enlarge)
Click to Enlarge Name: gunning the number eurcad 15 min.gif Size: 21 KB
  • #858
  • Oct 1, 2012 6:10am Oct 1, 2012 6:10am
Hi everyone

Well I caught a high value 30 pips this morning on the move upwards. I great morning for trading and easy to identify the key areas!

Gunning target 1 : 12900

Gunning target 2 : 12950


It's really important to have these OBVIOUS TARGET AREAS in mind so that we can plan our trade/s accordingly!!
Attached Image (click to enlarge)
Click to Enlarge Name: eu 15 min gunning the number.gif Size: 16 KB
  • #859
  • Oct 1, 2012 11:27am Oct 1, 2012 11:27am
Hi everyone

The highly volatile afternoon after the 2950 target was reached shows us very clearly that we ONLY trading when the boys are "targeting the number".

Looks like we're coming back down again but a very good guide is to use the 4 hr chart.When price action shoots down BELOW the 28 EMA then we have good reason to look for a selling opportunity!
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4 hr.gif Size: 19 KB
  • #860
  • Oct 3, 2012 7:02am Oct 3, 2012 7:02am
Hi all

I've been a bit quiet because I have been looking at a whole new approach to our system. Nothing wrong of course with having "target" in mind but as this morning shows, price action can be difficult to read when we are "candle watching"!!

I'm going to be exploring this new aspect to our basic strategy (which hasn't changed!!) in the days ahead.


The new angles to our strategy I'm calling " price creep and pit stopping"

All will be revealed soon!
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