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3% Risk Gives You Bliss System

  • #261
  • Oct 30, 2012 10:57am Oct 30, 2012 10:57am
Quoting frollollc
Thank you for this system. Its strength is that it is a mechanical system. A mechanical system that will buy/sell on a retracement of the initial move which often leads to the larger move.

Here are my last two trades in EURUSD .. one a small loss (comparatively speaking) and one larger profit which is still in play

So what's your criteria for entering and exiting. Doesn't seem to follow Cubby's parameters
  • #262
  • Oct 30, 2012 11:23am Oct 30, 2012 11:23am
  •  Jep
  • | Joined Aug 2012 | Status: Creating Multi-Generational Wealth | 99 Posts
Cubby,

We hope you are warm, dry and safe from the storm. Take care bro.

Looking forward to the evolution of this method and your continued input.

JEP
  • #263
  • Oct 30, 2012 12:20pm Oct 30, 2012 12:20pm
Quoting spyderman
I had similar results. I had my EA set to exit on the MACD cross but the move was so violent it just went to the s/l of 20 pips. Can't blame the strategy though. Maybe should have locked in some profit before retiring as it was up about 18 pips last night.
Ya I agree with you. I will still continue on with this strategy as promised for the 2 weeks, but after I will be trying a shorter-time frame using 1/4 of the daily ATR as my profit targets and the m30 as my top level screen.
  • #264
  • Oct 30, 2012 12:29pm Oct 30, 2012 12:29pm
Quoting fxairy
Hi 2 all!
USDCAD
Personally, I would have waited for a bounce and another HA down signal before placing an entry. You will get stopped out more often if you just use the XpMA signal alone.
  • #265
  • Oct 30, 2012 12:38pm Oct 30, 2012 12:38pm
Quoting spyderman
So what's your criteria for entering and exiting. Doesn't seem to follow Cubby's parameters
The entries are exactly according to Cubby's criteria. The exits are similar but not exactly the same.

The first trade entered on the close of the first blue bar following a red pullback which followed the xpMA change to blue. The exit was on the MACD crossing the zero line. This is exactly Cubby's criteria and it kept my loss relatively small.

The second trade was again exactly according to Cubby's criteria, but once in profit, I took partial profits. I entered 4 lots. Took profit on one lot at 21 pips, took profit on the second lot at 34 pips. The third lot target is 55 pips and the fourth lot does not have a target. All of the lots are protected by a 19 pip trailing stop and the MACD zero cross...whichever comes first.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-30-2012 eurusd .gif Size: 29 KB
  • #266
  • Oct 30, 2012 1:01pm Oct 30, 2012 1:01pm
Quoting frollollc
The entries are exactly according to Cubby's criteria. The exits are similar but not exactly the same.

The first trade entered on the close of the first blue bar following a red pullback which followed the xpMA change to blue. The exit was on the MACD crossing the zero line. This is exactly Cubby's criteria and it kept my loss relatively small.

The second trade was again exactly according to Cubby's criteria, but once in profit, I took partial profits. I entered 4 lots. Took profit on one lot at 21 pips, took profit on the second lot...
frollollc,

From post#1:

Trade first Hienken Ashi signal only after the trend change on the xpma. If the Hienken Ashi is already in trend when the xpma changes direction do not trade. Wait for the first signal on Hienken Ashi after xpma trend change! This is what I do. I receive less trades but I get a tight stop loss in return. Some of you will want to break this rule. Break it at your own risk.


There's no HA signal on those trades, just the xpMA cross arrows. The xpMA cross arrows are the hollow arrows. Believe Cubby then waits for the first signal in that direction shown by the solid arrows.

But glad the trade is working out for you.
  • #267
  • Oct 30, 2012 2:27pm Oct 30, 2012 2:27pm
Quoting spyderman
frollollc,

From post#1:

Trade first Hienken Ashi signal only after the trend change on the xpma. If the Hienken Ashi is already in trend when the xpma changes direction do not trade. Wait for the first signal on Hienken Ashi after xpma trend change! This is what I do. I receive less trades but I get a tight stop loss in return. Some of you will want to break this rule. Break it at your own risk.


There's no HA signal on those trades, just the xpMA cross arrows. The xpMA cross arrows are the hollow...

There are no HA solid signal arrows because I removed them from the indicator. I can see when the color changes without having an arrow...I don't need or want multiple solid arrows cluttering up the chart. If I knew how to, I would also remove the hollow arrows at the xpMa change as well.

I might add that the HA indicator is not exactly the same either. I left the "step" parameter at 5 instead of 50 for my 5 digit broker. It doesn't seem to change the message, it just looks aesthetically better to me.
  • #268
  • Oct 30, 2012 2:41pm Oct 30, 2012 2:41pm
Quoting frollollc
There are no HA solid signal arrows because I removed them from the indicator. I can see when the color changes without having an arrow...I don't need or want multiple solid arrows cluttering up the chart. If I knew how to, I would also remove the hollow arrows at the xpMa change as well.

I might add that the HA indicator is not exactly the same either. I left the "step" parameter at 5 instead of 50 for my 5 digit broker. It doesn't seem to change the message, it just looks aesthetically better to me.

I think that's the point. Cubby's signals are not merely on color change. (To be honest, not sure how the indi works) By removing the signals and entering on color change, you change the entry criteria.

Here's the same e/u chart with the signals activated. No entry signals.

Of course you can trade it any way you want, my point was it just doesn't seem to be in line with Cubby's parameters.
Attached Image (click to enlarge)
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  • #269
  • Oct 30, 2012 2:48pm Oct 30, 2012 2:48pm
Quoting frollollc
I might add that the HA indicator is not exactly the same either. I left the "step" parameter at 5 instead of 50 for my 5 digit broker. It doesn't seem to change the message, it just looks aesthetically better to me.

Totally agree with you on the appearance though. I changed the candles back to conventional but left the signal criteria alone.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 98 KB
  • #270
  • Oct 30, 2012 2:54pm Oct 30, 2012 2:54pm
Quoting spyderman
I think that's the point. Cubby's signals are not merely on color change. (To be honest, not sure how the indi works) By removing the signals and entering on color change, you change the entry criteria.

Here's the same e/u chart with the signals activated. No entry signals.

Of course you can trade it any way you want, my point was it just doesn't seem to be in line with Cubby's parameters.
I see your point. Here is my chart with the arrows turned on. Now we see the solid blue arrow of my entry where your chart has none. So I guess my HA indicator can send a different result even though the message of color change is similar.
Attached Image (click to enlarge)
Click to Enlarge Name: 10-30-2012 b eurusd .gif Size: 26 KB
  • #271
  • Oct 30, 2012 2:55pm Oct 30, 2012 2:55pm
Quoting spyderman
I think that's the point. Cubby's signals are not merely on color change. (To be honest, not sure how the indi works) By removing the signals and entering on color change, you change the entry criteria.

Here's the same e/u chart with the signals activated. No entry signals.

Of course you can trade it any way you want, my point was it just doesn't seem to be in line with Cubby's parameters.
It seems that the way frollollc is trading the HA indicator creates many more entries. From a scalping perspective it makes sense, but would only be profitable in the long-run with proper MM, which frollollc appears to be using (taking profits early and using trailing stops for the top of the move).

However, if there is a strong move (which is not happening with the low volumes we are having due to Sandy) then frollollc will be most likely be stopped out of his positions by his trailing stops before the next (often biggest) move upwards occurs.

So really it is all up to preference, you can choose to lock in solid pips in choppy markets with many small stop outs, but likley miss the big moves when they occur OR you can stand to have less trades and bigger stop outs, but with the opportunity of riding the big wave to profit.

To me it all depends on the market condition... and right now I am tempted to try this strategy with more entries, but I will stick to this system - I must maintain my discipline, otherwise I would have never get any solid evidence one way or the other.
  • #272
  • Oct 30, 2012 2:59pm Oct 30, 2012 2:59pm
Quoting frollollc
I see your point. Here is my chart with the arrows turned on. Now we see the solid blue arrow of my entry where your chart has none. So I guess my HA indicator can send a different result even though the message of color change is similar.

Hmmm. Interesting.

Do me a favor. Go take a shot of AUD/USD like the one Cubby posted a few days ago (below in white). See if you get additional signals.

I've also attached mine which seems to match Cubby's (yellow are signals, white are nice pullbacks but no signals)

My goal here isn't to argue, I just want to make sure I'm getting the same signals that Cubby's is talking about, at least for now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 116 KB
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  • #273
  • Oct 30, 2012 3:19pm Oct 30, 2012 3:19pm
Hi,
For the EA, I would like to see an option for completing the trade when the color of the arrow changes color, instead of crossing 0 on the MACD. Could this be added as an option?
Ron
  • #274
  • Oct 30, 2012 3:33pm Oct 30, 2012 3:33pm
Quoting spyderman
Hmmm. Interesting.

Do me a favor. Go take a shot of AUD/USD like the one Cubby posted a few days ago (below in white). See if you get additional signals.

I've also attached mine which seems to match Cubby's (yellow are signals, white are nice pullbacks but no signals)

My goal here isn't to argue, I just want to make sure I'm getting the same signals that Cubby's is talking about, at least for now.
Here is my screen shot and yes, I get many more solid arrows. I think what is important for me to remember is a sequence of events:

1. Trend change as shown by the xpMA
2. Pullback from the move that was involved in the new trend change
3. Resumption of the new trend direction without an opposite change of the xpMA occurring
Attached Image (click to enlarge)
Click to Enlarge Name: 10-30-2012 audusd .gif Size: 30 KB
  • #275
  • Oct 30, 2012 3:34pm Oct 30, 2012 3:34pm
Quoting frollollc
I might add that the HA indicator is not exactly the same either. I left the "step" parameter at 5 instead of 50 for my 5 digit broker. It doesn't seem to change the message, it just looks aesthetically better to me.
Spyder, his HA indicator WILL/DID not match yours and this is why!

edit: looks like frollollc replied seconds before me...
  • #276
  • Oct 30, 2012 3:43pm Oct 30, 2012 3:43pm
There is a possible EUR/JPY set-up, but..... look at all the event risk in line for the next 12 hours I am not going there again...

(don't mind the pivots, the are there in the hopes of taking profits better)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR-JPY Set-Up.PNG Size: 56 KB
Click to Enlarge Name: news.PNG Size: 42 KB
  • #277
  • Oct 30, 2012 4:05pm Oct 30, 2012 4:05pm
Entry on Usd/Cad. Little less volatile news wise.
Attached Image (click to enlarge)
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  • #278
  • Oct 30, 2012 4:27pm Oct 30, 2012 4:27pm
Quoting spyderman
Entry on Usd/Cad. Little less volatile news wise.
The signal dissapeared from my chart. Also, there is red news tomorrow morning, so be prepared!
  • #279
  • Oct 30, 2012 4:32pm Oct 30, 2012 4:32pm
chubby nice effort.bro is it possible to off/on red blue arrow signal true/false just keep arrow for pointing to trend change.those arrow created confusion ...i hope you wouldn't mind...thanks
Say something meaningful or Silence!!
  • #280
  • Oct 30, 2012 4:43pm Oct 30, 2012 4:43pm
Quoting Trucomallica
The signal dissapeared from my chart. Also, there is red news tomorrow morning, so be prepared!

Thanks Truco, It's still showing on mine. But that raises a question I want to ask Cubby when he's back. He mentioned entering on the close of the bar. So if you get a signal at the beginning, say 4:00, does he wait clear till 4:15?
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