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Attachments: 3% Risk Gives You Bliss System
Exit Attachments

3% Risk Gives You Bliss System

i have a query regarding MACD on this system
upon entry should we also be looking at the position of MACD
i.e if we are going long the MACD should be above the 0 line and vice verca
otherwise our trades can potentially be stopped very quickly with a cross of the 0 line on the MACD
i cannot upload a chart at the moment but i hope this makes sense
Quoting flash4
i have a query regarding MACD on this system
upon entry should we also be looking at the position of MACD
i.e if we are going long the MACD should be above the 0 line and vice verca
otherwise our trades can potentially be stopped very quickly with a cross of the 0 line on the MACD
i cannot upload a chart at the moment but i hope this makes sense
Good question. My thought on this is that since the MACD red signal is period 26 and the xpMA is a TEMA(24), the xpMA should always cross first, and the only time the MACD will stop you out very quickly, the TEMA would have done it first anyways. See example. Enter buy (green vertical) TEMA and MACD cross at about the same time, by the time the MACD would have stopped you out of that trade, the TEMA would have already warned you beforehand (red vertical).

That might not answer your question, let me try again. To stop out of a buy the MACD would have to cross zero from the top. So by the time the MACD stops you out, the TEMA would have already changed direction, preparing you the reverse your position anyways. The problem I see though is if you enter long on TEMA but then it reverses so quickly that the MACD didnt even have a chance to get above the zero line (since it lags the TEMA), in that case, you won't even be stopped out at all and your account could be compromised (if the EA wasn't monitored)
Attached Image (click to enlarge)
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Quoting parliament71
The problem I see though is if you enter long on TEMA but then it reverses so quickly that the MACD didnt even have a chance to get above the zero line (since it lags the TEMA), in that case, you won't even be stopped out at all and your account could be compromised (if the EA wasn't monitored)
thanks parliament, i too share the concern which you raised regarding the quick reversal.

i suppose i have to test, learn and manage.
  • Post #504
  • Quote
  • Edited Dec 1, 2012 3:55am Nov 30, 2012 6:02am | Edited Dec 1, 2012 3:55am
Normally this would be the case and I believe this sytem also says this is true.

Quoting flash4
i have a query regarding MACD on this system
upon entry should we also be looking at the position of MACD
i.e if we are going long the MACD should be above the 0 line and vice verca
otherwise our trades can potentially be stopped very quickly with a cross of the 0 line on the MACD
i cannot upload a chart at the moment but i hope this makes sense
EDIT:
Ok I've taken a serious look at this system and sorry to say unless the market continually goes on one direction, it will not do anything but make you broke. They should have named this thing Blissful Repaint. So if you feel a giant trend coming on you might pull this out of the bag otherwise I'd suggest to stay away.

TJ
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
Quoting TraderJoe
Normally this would be the case and I believe this sytem also says this is true. {quote} EDIT: Ok I've taken a serious look at this system and sorry to say unless the market continually goes on one direction, it will not do anything but make you broke. They should have named this thing Blissful Repaint. So if you feel a giant trend coming on you might pull this out of the bag otherwise I'd suggest to stay away. TJ
I beg to differ. A proper analysis of previous data show a better winning ratio.
My help is in the name of the Lord who made heaven and earth.
Quoting parliament71
{quote} Good question. My thought on this is that since the MACD red signal is period 26 and the xpMA is a TEMA(24), the xpMA should always cross first, and the only time the MACD will stop you out very quickly, the TEMA would have done it first anyways. See example. Enter buy (green vertical) TEMA and MACD cross at about the same time, by the time the MACD would have stopped you out of that trade, the TEMA would have already warned you beforehand (red vertical). That might not answer your question, let me try again. To stop out of a buy the MACD...
From the chart you posted, the entry did not follow the rules, please go back to post No.1 and understand how the entry is taken.
My help is in the name of the Lord who made heaven and earth.
how you filter a ranging market ???
Quoting unimak
how you filter a ranging market ???
The system takes care of its self and if you accept the loses that are inevitable, you should make lots of gains. The EA gives precision entries and takes you out when the macd crosses over. If you have an entry according to the system, i take it, why, because this system catches the beginning of most trends. The indicators provided may be all we need. Again the system provides good pips compared with what we loose. The picture below is live, and the entry taken by the EA.
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My help is in the name of the Lord who made heaven and earth.
Albert, all the parameters Cubby mentioned are set to 0 for the EA, what about

PriceOffset50
SellLots52
PriceOffset51

Can you tell me your settings for the above?
Quoting normtold
Albert, all the parameters Cubby mentioned are set to 0 for the EA, what about PriceOffset50 SellLots52 PriceOffset51 Can you tell me your settings for the above?
My settings for the EA 0.4.1 are:

buylots50 0.01
buystoploss50 0
buytakeprofit50 0
priceoffset 2000
buylots53 0.02
buystoploss53 0
buytakeprofit53 0
sellLots52 0.01
sellstoploss52 0
selltakeprofit52 0
sellLots51 0.02
sellstoploss51 0
selltakeprofit51 0
priceoffset 2000
My help is in the name of the Lord who made heaven and earth.
Just got stopped out. lost 5 pips plus spread and by the EA
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My help is in the name of the Lord who made heaven and earth.
Quoting jgadefelth
Why do you think this system will work long time ? you only used it a mounth ? And also is not 3 percent risk per trade quit risky 10 bad trades and 1/3 of the account is gone. Also it might be in a trendy good market you have tryed it so it not works so well in sideways market. I dont try to be critic just try to be safe. Best regards
Hey guys, go easy, ok? Cubbybgood is sharing what he finds to be a good system - he developed other systems before, has 6 years experience in forex trading and wants to help others, what's wrong with that? Nobody says you have to load it onto your charts and go live with it straight away. By the way, it really is a simple trading system, with much in common to the 'Stupidly Simple Forex System' (just google for it): wait for a trend change, let price retrace and get in with small stop loss... Get out when macd crosses its zero line.

I'm trying it out now and so far so good :-)

Thanks, Cubbybgood!
95% of the people don't believe 100% they can win, that's why they lose
Alright guys. I'm not really sure why some people are saying this system repaints because it doesn't. The Heiken Ashi arrow indi is just a standard Heiken Ashi indicator. if you don't want to use the indicator I posted here use a standard one.

I've been really busy the last few months with some projects which do not include forex. I have a very good trade filter for this system. See pic below and videos. The indicator should help those using the system get into good trades most of the time. You will see that entry's using the system almost always go into some kind of profit fairly quickly. The system success is based off where you take your profit and SL. I see most trades on most pairs going at least 10-20 pips. If you use price action you should be able to squeeze 50-100+ pips a=on many trades.

Flat indicator can be found here...
http://codebase.mql4.com/8363

Video's explaining the changes and how to properly trade it.
Inserted Video
Attached Image (click to enlarge)
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Quoting Cubbybgood
Video's explaining the changes and how to properly trade it. http://www.youtube.com/watch?v=B8eT_HHJgVs {image}
"Video(s) removed by user..."

Found the following link though:
Inserted Video



Good to see you're still around, Cubbybgood!
95% of the people don't believe 100% they can win, that's why they lose
Quoting Ronald123
{quote} "Video(s) removed by user..." Found the following link though: http://www.youtube.com/watch?v=B8eT_HHJgVs Good to see you're still around, Cubbybgood!

Yeah, the video. I made a new one that should make a little more sense. Should be working.

Of course. I know a lot of guys eventually leave because of the pressures from the community. I'm not going to be writing in everyday but I will be around.
Hello ! This system looks good. I will try it. I have a couple of questions.

What is better to set TP 10-20 pip or move it above swings, like in the video ?
Is it possible to use this system for M5?
This system is been here from november what is the results who is using this system
Even though I walk through the darkest valley, I will fear no evil
I have tested so many systems since my joining in FF that i have lost count of it of all these systems , i find this system to be simple and best and above all with a low SL and a EA for entry as well . I really like this system and all those repainting etc are for time wasters. if you are serious about making money then click TF 15 and do as the #1 post says . you will simply be pleasantly surprised.

I also like accurate trading system and lean mean money making machine. both the systems are good , i will rank lean mean money making system higher than the other two system as it gives a long term tgt very early .
Quoting unimak
I have tested so many systems since my joining in FF that i have lost count of it of all these systems , i find this system to be simple and best and above all with a low SL and a EA for entry as well . I really like this system and all those repainting etc are for time wasters. if you are serious about making money then click TF 15 and do as the #1 post says . you will simply be pleasantly surprised. I also like accurate trading system and lean mean money making machine. both the systems are good , i will rank lean mean money making system higher...
My only problem with this system is how to squeeze maximum pips out of it. Exiting with the Macd maybe too late sometimes, I have seen profits turn to losses with the Macd. Again the Macd may keep you in a trend for over 200 pips.

Cubbybgood, Do you have any ideas.
My help is in the name of the Lord who made heaven and earth.
I think moving SL above the swings is the best way, like in video.

When you have trade open by the end of day, do you close it or keep it over night ??

For now I have 2 trades +4 pips and -15 pips
Even though I walk through the darkest valley, I will fear no evil
Took one more trade +44 pips, it is gonna be +33 pips total for today. It is good for Monday !!!!
Even though I walk through the darkest valley, I will fear no evil
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