DislikedCubby, I have been conducting my Saturday recap and found your new thread, I have been mucking around with it and find it of interest. Part of my evaluation is to understand how each component of systems works so I have a better understanding of what I am looking for beyond the arrows.
I find your methodology very similar to other threads on FF and I was just wondering what is new - I am assuming you have read other threads as well and mucked around with them just like I did with yours.
What I like about what you are doing so far are the stacking...Ignored
Glad that you find the thread interesting!
I've always believed in simple trading. I really hate looking at charts all day while trading. It really gets old. I didn't trade for a whole year trying to find a system. I blew a fairly large account in public. I really wanted to avoid doing this again and this is why I took such a long break. I wanted to find something that worked for me again like my Profit All Day Thread. The system there worked for 3 years and I made a lot of consistent money with it. I averaged 3-5% a week for 2 years then about 1-2% a week in my 3rd year. Even though 1-2% wasn't that much it was manageable for my 87k account.
I'm not sure why the system stopped doing as well but I'm sure it's day will shine again soon. I have not checked to see how it's been performing this year. Anyway, yes, I have poked around on these forums for a long time. About 5 years now. It's interesting to see so many of the old so called great traders no where to be found. I'm not sure where they all went. Are they still trading or did they move on?
I gather most quit because it's a stressful inconsistent income. Success can be found but it comes at a cost. I lost over 30k in the forex before I found a way to make it back and more. I had to get trained by a personal mentor in order for me to make it happen. For some reason I couldn't find the discipline in myself without someone looking over my shoulder.
The Idea behind the system...
The xpma is my trend indicator. I wanted an indicator that could withstand some good price noise. The xpma does this very well.
The Hieken Ashi indicator is pretty much like any standard hieken indi but just shows the arrows. I needed something that could show good signal entry's but filter none trending markets. I wanted to catch the market in trend as early as possible.This indicator was the best I could find although there were many others I tested and were close contenders. The indi has been modified a bit so it's not so sensitive to the market. I still am not 100% happy with it because it shows such radical differences with different brokers. I'm still on the look out for something better but have not found it yet. This is working in the meantime though.
The macd is a great indicator in general. One of my favorite indicators of all time. I needed something to show exits for our trades so we could maximize profit on each trend. It happened that this indicator showed good exits for our losses as well. I'm still not sure if there should be a hard Take Profit for the system. I bet something would work but I'm not sure what it should be. I'm thinking about messing around with trailing stops but I will have to see.
I wanted a trend system that could give early entry's with massive pips and small SL's. Hard to find but this system does a pretty good job of accomplishing this I think.
Anyway,
Long winded response... lol
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