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Magic-Breakout (optimised) with PPA - a new beginning

  • #41
  • Dec 20, 2012 8:14am Dec 20, 2012 8:14am
how's the system comming along
  • #42
  • Dec 20, 2012 5:08pm Dec 20, 2012 5:08pm
Quoting PoundTrader
how's the system comming along

Hi PoundTrader

been working with a good friend on FF to get an EA going which opens trades when the CCI signal line breaks through 100 / -100

Will hopefully post it this weekend

Rgds
  • #43
  • Dec 21, 2012 9:38am Dec 21, 2012 9:38am
Hi everyone

Just thought that I would post my latest statement of trading the "Magic-Breakout (optimised) with PPA" strategy

As you can see the account is up to $480 (started with $100).

The system speaks for itself doesn't it??
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  • #44
  • Dec 25, 2012 9:58am Dec 25, 2012 9:58am
Hi everyone

Well I promised to get this whole system automated and with full credits to Cyber1 for his very kind assistance we are almost there. The reason for automation is obvious - no nerves, fear factor, stress!!

We already have the "price_bounce_off_ma" EA which of course works on any EMA or SMA. It is a superb EA but has shortcomings. One is that you have to set the "envelope" correctly - it's a bit hit or miss - also you expect a bounce off the 28 EMA and it proceeds to break through and bounce off the 62 or even 200 and you get stopped out. Having said that, if one sets it up in a strongly trending situation and price action has already bounced off that particular EMA before - there is an excellent chance of further bounce/s off the same EMA in the future.

However with grateful thanks again to Cyber1 we now have 2 more EA's which work exclusively on the CCI. One works on "magic-breakout" principles whereas the other works very cleverly on retracement.

I'm showing the 15min AUDUSD chart from yesterday with 3 areas circled where our EA's opened up winning trades. They have to be set up correctly of course and after a lot of hard work I think I have them just about right! My goal is to start trading them ALL - live on three separate MT4 platforms within the next 10 days.

I've decided NOT to publish the settings on this thread. ONLY high time frame (4hr and daily) charts will be posted with possible daily set-up opportunities for the EA's showing trend strength and direction which of course is paramount. We are going to trade fast moving trading pairs (not slow movers like USDJPY, EURGBP,etc.). EVERYONE who joins this trading team is welcome to post high time frame trend-direction charts which they think might be promising.

Those who wish to join the team which means trading the EA's (you might need a VPS) and posting your results /charts on this thread can please PM me for the settings (and the EA's if you don't know what they are!)

Rgds to ALL and wish happy trading - we are going to WIN in 2013 !!!

Jerry
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  • #45
  • Dec 28, 2012 7:57am Dec 28, 2012 7:57am
Quoting jmtini
Hi everyone

Just thought that I would post my latest statement of trading the "Magic-Breakout (optimised) with PPA" strategy

As you can see the account is up to $480 (started with $100).

The system speaks for itself doesn't it??
From your posted statement I can see 17 trades.
12 of them are negative.
The biggest profit you did from last trade. But the lot size was significally increased in compare with previous trades.
Do you think is it good result for good system?
Everything is possible!!! Step by Step...
  • #46
  • Dec 28, 2012 11:44am Dec 28, 2012 11:44am
Quoting DmitryFX
From your posted statement I can see 17 trades.
12 of them are negative.
The biggest profit you did from last trade. But the lot size was significally increased in compare with previous trades.
Do you think is it good result for good system?

Dmitryfx

Take that profit away and the account would still be well over 100% up.

I suggest that you read the whole thread before you start criticising.

This strategy is sound and many pros use it. If you don't want to I suggest you stick to your own thread.

Thank you.
  • #47
  • Dec 28, 2012 1:47pm Dec 28, 2012 1:47pm
This is very close to how I'm trying to trade, but I'm M1 and becoming very short term momentum based and getting better results.

Your early charts with the Vegas Tunnel worked well August / September time, but had to move away from as the market became more directional.

I do agree the potential to make LOADS of money is definately there, but it's never that easy live.


Check out my M15 Journal, towards the end you'll see screen shots to see how similar we are, my method does seem to scale okay to all TF's to.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #48
  • Dec 28, 2012 2:57pm Dec 28, 2012 2:57pm
Quoting Turveyd
This is very close to how I'm trying to trade, but I'm M1 and becoming very short term momentum based and getting better results.

Your early charts with the Vegas Tunnel worked well August / September time, but had to move away from as the market became more directional.

I do agree the potential to make LOADS of money is definately there, but it's never that easy live.


Check out my M15 Journal, towards the end you'll see screen shots to see how similar we are, my method does seem to scale okay to all TF's to.

Hi Turveyd

I will certainly check out your thread but I need a link?

I agree with you about not easy to trade live - especially bouncing trades off dynamic support - if you read the all the posts you'll see that I have now automated the strategy. It's working very well on demo so no reason to believe it's not going to work live. It's best of course to have a VPS so that the EA's can work undisturbed.

Rgds
  • #49
  • Dec 28, 2012 3:03pm Dec 28, 2012 3:03pm
There are some chart examples on this page.

http://www.forexfactory.com/showthre...334438&page=63


It looked more like yours before, but I've cut it down to the bare min for less confusion this week.


A EA would certainly cut out on the emotional, 2nd guessing and screwing it up, just not trusting the direction will keep going.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #50
  • Dec 28, 2012 3:26pm Dec 28, 2012 3:26pm
Quoting Turveyd
There are some chart examples on this page.

http://www.forexfactory.com/showthre...334438&page=63


It looked more like yours before, but I've cut it down to the bare min for less confusion this week.


A EA would certainly cut out on the emotional, 2nd guessing and screwing it up, just not trusting the direction will keep going.

Thanks - amazing how similar our strategies are but I do prefer my chart set-up (example below). Funny though that you should have posted about using M1 because I was going to start testing the EA's on M1 (various situations) over the weekend!

Rgds

Jerry
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  • #51
  • Dec 28, 2012 5:37pm Dec 28, 2012 5:37pm
Dunno, reckon my setup has the advantage.....

Same chart period but my current and hopefully never changing again setup.


My main focus is on the white 18sma dotted envelope my latest creation, trade with it's direction mainly and when price moves outside of the envelope there is pretty good odds it'll keep going that way.


I've been optomising this and playing around with other setups for YEARS literally
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Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #52
  • Dec 28, 2012 7:26pm Dec 28, 2012 7:26pm
It looks to me like the core of this strategy is simple support and resistance analysis. In your first chart, price initially broke out strongly, which indicated great demand. No surprise when price reacted strongly the first time, and again the second, once it reached the demand zone. Take away the indicators and you'll probably be just as profitable looking at the raw levels and what price does at them.
  • #53
  • Dec 29, 2012 3:37am Dec 29, 2012 3:37am
Quoting Kanzler
It looks to me like the core of this strategy is simple support and resistance analysis. In your first chart, price initially broke out strongly, which indicated great demand. No surprise when price reacted strongly the first time, and again the second, once it reached the demand zone. Take away the indicators and you'll probably be just as profitable looking at the raw levels and what price does at them.
Take away the Ma's and it all looks random to me, you cant generate mechanical inpart rules and you cant objectively back test.

Its easy after the fact a statistical edge you can trust and trade live is the tricky part.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #54
  • Dec 29, 2012 1:34pm Dec 29, 2012 1:34pm
Quoting Turveyd
Dunno, reckon my setup has the advantage.....

Same chart period but my current and hopefully never changing again setup.


My main focus is on the white 18sma dotted envelope my latest creation, trade with it's direction mainly and when price moves outside of the envelope there is pretty good odds it'll keep going that way.


I've been optomising this and playing around with other setups for YEARS literally

You might have been doing it for years but still getting it wrong! Sorry but it's true - it takes years to master this game - some never do, unfortunately.

There's hardly much difference in our charts but it's all about the 200/62 EMA (IMHO).You can use the 25/18 or any other ema/sma you like to "catch" trades above or below those MA's. The secret is to only trade after strong moves through them - then on a retracement back to your favourite MA. Once the trend weakens and price action breaks through them , best to wait until a new trend develops.

Sorry I didn't post my actual "1 min chart" - I have done so below.

I believe that a lot of the secret of successful trading is being able to "read" the current situation (trend strength, direction, etc) clearly which is why I prefer the line chart. The line chart works on the close of each candle and removes unnecessary candle action which can be confusing on the M1 and M5 charts.

What I'm working on - especially on higher time frames is not looking at the main chart at all (except to place a trade at optimal levels of course). Just watch the CCI and MACD.

Rgds

Jerry
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  • #55
  • Dec 29, 2012 10:40pm Dec 29, 2012 10:40pm
Nah its all about short term MoMo the 18 envelope and my rules are creating huge performance with very tight SLs try it before you mock it.

Always after reversals after big events is flawed very high risk.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #56
  • Dec 30, 2012 12:22am Dec 30, 2012 12:22am
Quoting Turveyd
Nah its all about short term MoMo the 18 envelope and my rules are creating huge performance with very tight SLs try it before you mock it.

Always after reversals after big events is flawed very high risk.


Not mocking your system Turveyd - if you say your winning with it that's fine stick to it and the best of luck!


Thanks for alerting us to the 1 min chart and certainly it's a strategy to be considered.

I am pointing out above the way I trade it - I forgot to mention of course which is absolutely vital - the EMA's need to be lined up properly - my ones are 28 / 62 / 200 in that order. If they are not lined up properly then it's going to be a losing trade many times.

I think you should take on board what I said about using the line chart and CCI/MACD indis - might help but it's up to you.
  • #57
  • Dec 30, 2012 12:29am Dec 30, 2012 12:29am
Hi everyone

Well it seems that no one is interested in taking up my offer to trade Magic Breakout with our CCI expert advisor - automated


So I'm just going to keep posting my charts and set-ups

As far as the CCI_ea is concerned I'm going to today post strategy testing results on various pairs. There are some vital set-up parameters with the robots that we have to concentrate on. They are NOT "set and forget"! But sticking to minor set-up parameter rules will insure great results over 2 or 3 day period - sometimes even longer!
  • #58
  • Dec 30, 2012 12:30am Dec 30, 2012 12:30am
Quoting jmtini
Not mocking your system Turveyd - if you say your winning with it that's fine stick to it and the best of luck!


Thanks for alerting us to the 1 min chart and certainly it's a strategy to be considered.

I am pointing out above the way I trade it - I forgot to mention of course which is absolutely vital - the EMA's need to be lined up properly - my ones are 28 / 62 / 200 in that order. If they are not lined up properly then it's going to be a losing trade many times.

I think you should take on board what I said about using the line chart...
The issue I suffered from for year is the market has to move to the 200 so your shorting a upward market, it may pause then the short term momentum will power it through focusing on the short term momentum more solves this and opens up a lot more trade potentials.

I use a 5 + spread SL ( normally DAX due to 1pip spread) so I don't get emotional move the SL and damage the account this way, and when sl'd I can generally get back in at a better price anyway.

I don't do indicators tested then just noise with no real advantage I can see.


* flu can't sleep hence around a fitting end to a shite year!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #59
  • Dec 30, 2012 8:17am Dec 30, 2012 8:17am
Quoting Turveyd
The issue I suffered from for year is the market has to move to the 200 so your shorting a upward market, it may pause then the short term momentum will power it through focusing on the short term momentum more solves this and opens up a lot more trade potentials.

I use a 5 + spread SL ( normally DAX due to 1pip spread) so I don't get emotional move the SL and damage the account this way, and when sl'd I can generally get back in at a better price anyway.

I don't do indicators tested then just noise with no real advantage I can see.


*...

Agree with you about last year!

My problem in a nutshell is over-leveraging to "quickly recover" a losing trade. Ha Ha - that's how they get you - or is it more a case of that's how one kills one's trading account in a hurry! After blowing out 6 or 7 trading accounts in this manner I decided to specifically request 1:100 or even 1:50

Coming back to the 1 min chart, I really do like the idea of utilising it a lot more. Reason of course is that it shows up a change of trend direction a lot sooner then any other chart! Having said that I really think that one needs to check out the 15 min chart at the same time to get an overall view of what to possibly expect. For instance the 15 min shows how PA stalled at the 3250 BRN level. Never completed the zone (has to reach 15 pip either side - thus 3265) and candles started being rejected by 3250 level. The PPA strategy really does help too to set a target which could have been through the 3200 zone down to 3185. Eventually PA did not even attack the 3150 zone.

I have posted my 1 min chart again below with overbought/oversold "entry" arrow (works quite well on 1 min chart) - showing candles although I still prefer the line chart - and I've adjusted the CCI - I'll PM you the setting (maybe I'm just being paranoid there!) but how nicely it tells one when to trade and more importantly when NOT to trade!

I'll also give you the details of an EA that you can set up to trade the parameters automatically - really does save staring at the chart all day and sometimes due to that good old "fear factor" it's tough to press that trade button!!


Rgds
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  • #60
  • Dec 30, 2012 8:34am Dec 30, 2012 8:34am
My issue is a string of winners then I don't want to take a loss so move the SL get mother Lot average down then again and again get emotional and lose all the profits in a mad 15 mins and generally a lot more.

Solution for me is fixed 5sl removed the profit/loss from my screen so I don't get emotional and the SL column so I can't move it.

I've flipped upside down how I trade, before I had, small profit x's 10, BIG LOSS, currently I should get small loss, small loss, BIG ish profit, average profit should be 4 x small loss so even 40% win rate still making pips, had 85% win rate before.

2012 worst ever, mainly due to my dream girlie screwing me over and only that kinda screwing.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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