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Crosses, bounces and curve fitted indicators

  • #121
  • Feb 6, 2013 1:56pm Feb 6, 2013 1:56pm
2 IN A ROW

The best approach is just to let the market come to you not chase it, some days you will get 2 Grade A trades like this ones
Attached Image(s) (click to enlarge)
Click to Enlarge Name: [EURJPY,M5]_2013-02-06_19-16-20-2_IN_A_ROW.png Size: 96 KB
Click to Enlarge Name: [GBPUSD,M5]_2013-02-06_19-49-39-PERFECT_ALIGNMENT.png Size: 87 KB
Let it turn and find your entry.
  • #122
  • Feb 11, 2013 7:46am Feb 11, 2013 7:46am
Quoting Intrepidpips
UPGRADING MY GAME

Having analysed most of my loosing trades I have come to further filter my set-ups and come up with different grades for them. Finally all I have to do is wait for my GRADE A trades to show up and take them without thinking.

GRADE A

Where price closes above Top BB and 24LWMA is already white take a buy (without thinking)
Where price closes below bottom BB and 24LWMA is already red take a sell (without thinking)

GRADE B

Where price closes below bottom BB but 24LWMA still white but DeMarker Price line has...



IT'S BEEN PROFITABLE


I've been meaning to update the template (again) so we can take the relatively safest trades of this system.

So here they are, enjoy responsibly.
Attached File(s)
File Type: rar UPDATES.rar   14 KB | 290 downloads
Let it turn and find your entry.
  • #123
  • Feb 11, 2013 8:20am Feb 11, 2013 8:20am
M10 SETTINGS

My Broker has really pissed me off with their re-quotes and re-quotes, so I decided to open an ECN account on Demo so far there has been no requotes though I still prefer the MT4 platform which is so much more customiseable and has the largest number of indicators coded.

One feature that the cTrader has that MT4 does not is the M2, M3, M4, M10 AND H12 DIVISIONS.


I'm trying out M10 as a mid way between M5 and M15. I might just settle for it
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY-M10-SETUPSpng.png Size: 82 KB
Click to Enlarge Name: EURJPY-M10-11022013.png Size: 84 KB
Let it turn and find your entry.
  • #124
  • Feb 11, 2013 8:57am Feb 11, 2013 8:57am
M5 ACTION


M5 allows most entries and exits (and also false signals)

The Stochastic Slope indicator color change often times gives an early warning to leave a trade or enter a new one.
Attached Image (click to enlarge)
Click to Enlarge Name: [EURJPY,M5]_2013-02-11_14-28-33_FAST_ACTION_ON_M5.png Size: 103 KB
Let it turn and find your entry.
  • #125
  • Feb 11, 2013 9:21am Feb 11, 2013 9:21am
Quoting Intrepidpips
M5 ACTION


M5 allows most entries and exits (and also false signals)

The Stochastic Slope indicator color change often times gives an early warning to leave a trade or enter a new one.


The second trade was based on the close of the bullish candle in M10 above the top BB
Let it turn and find your entry.
  • #126
  • Feb 11, 2013 9:26am Feb 11, 2013 9:26am
Quoting Intrepidpips
M5 ACTION


M5 allows most entries and exits (and also false signals)

The Stochastic Slope indicator color change often times gives an early warning to leave a trade or enter a new one.


The second trade was based on the close of the bullish candle in M10 above the top BB
Let it turn and find your entry.
  • #127
  • Feb 11, 2013 10:48am Feb 11, 2013 10:48am
THE KEY TO SUCCESS?


Just keep taking all your valid signals, +ve or -ve,you'd end up profitable in the end.

I might just stick to M10 and take trades in my MT4 based on M10 signals.

EURJPY did well today 1 -ve and 3 +ve opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-M10-11022013-MULTIPLE_ENTRIES1.0.png Size: 88 KB
Let it turn and find your entry.
  • #128
  • Feb 12, 2013 1:14am Feb 12, 2013 1:14am
TRIGGERS AND FILTERS

For our Grade A trades the TRIGGERS basically are Stoch cross in O/B or O/S while the FILTERS are Close above or below the 1/4 MA (M5 72MA; M10 36 MA M15 24MA) considering the BB direction.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-M10-TRIGGERS_AND_FILTERS.png Size: 99 KB
Let it turn and find your entry.
  • #129
  • Feb 12, 2013 2:35am Feb 12, 2013 2:35am
CHANGE OF DIRECTION?

Took this trade on my ECN demo (I don't trust the Berlin session so much, if I had added the trend line before taking the trade I'd have waited for a break of the trend line.

Let's see if it will close below the BB or above the MA, either way is a go but not before.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY-M10-LONG_OR_SHORT.png Size: 80 KB
Let it turn and find your entry.
  • #130
  • Feb 12, 2013 3:32am Feb 12, 2013 3:32am
Hello,

Nice thread. By looking at your system this is more into short TF trading? Did you try this system on Longer Time Frames.
  • #131
  • Feb 12, 2013 5:16am Feb 12, 2013 5:16am
Quoting Parox
Hello,

Nice thread. By looking at your system this is more into short TF trading? Did you try this system on Longer Time Frames.
Thank you.


No I've not tried this on long TF trading, but it's so adaptable.

The principles are the same and can be applied on M30, H1, H4, D1, W1 and MN.

I could come up with a set of simple rules for trading higher TFs but you they require wider SL
Let it turn and find your entry.
  • #132
  • Feb 12, 2013 5:26am Feb 12, 2013 5:26am
Quoting Intrepidpips
Thank you.


No I've not tried this on long TF trading, but it's so adaptable.

The principles are the same and can be applied on M30, H1, H4, D1, W1 and MN.

I could come up with a set of simple rules for trading higher TFs but you they require wider SL
Bigger SL's, holding over news so more at risk to changeable direction and you need longer term trend strength or you'll just get frequent SL hits while holding for more.

EJ is a good example currently, Any time frame so much strength.
GU is only of use H1 and below, mainly cause it's previous uptrend is turning down currently, so all H4 or D1 trades haven't adapted to the possible direction change yet.


It's never easy, M1 or D1 same issue, only slower and less frequent trades for the same 3% risk and 1 - 9% reward potential.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #133
  • Feb 13, 2013 1:03am Feb 13, 2013 1:03am
Quoting Turveyd
Bigger SL's, holding over news so more at risk to changeable direction and you need longer term trend strength or you'll just get frequent SL hits while holding for more.

EJ is a good example currently, Any time frame so much strength.
GU is only of use H1 and below, mainly cause it's previous uptrend is turning down currently, so all H4 or D1 trades haven't adapted to the possible direction change yet.


It's never easy, M1 or D1 same issue, only slower and less frequent trades for the same 3% risk and 1 - 9% reward potential.

Thanks for the input!
Let it turn and find your entry.
  • #134
  • Feb 13, 2013 1:09am Feb 13, 2013 1:09am
MIXED RESULTS

Didn't I say just keep taking your signals? I missed some and that cost me.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM10-MIXED_RESULTS.png Size: 103 KB
Let it turn and find your entry.
  • #135
  • Feb 13, 2013 1:12am Feb 13, 2013 1:12am
DIVERGENCE PLAY

I have not been looking out for divergence and it's costing me plenty.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM10-DIVERGENCES.png Size: 89 KB
Let it turn and find your entry.
  • #136
  • Feb 13, 2013 7:04am Feb 13, 2013 7:04am
Quoting Intrepidpips
Thank you.


No I've not tried this on long TF trading, but it's so adaptable.

The principles are the same and can be applied on M30, H1, H4, D1, W1 and MN.

I could come up with a set of simple rules for trading higher TFs but you they require wider SL

Totally agree with you on the SL. But I would like to give it a try with your system. Lets see
  • #137
  • Feb 13, 2013 12:01pm Feb 13, 2013 12:01pm
Quoting Parox
Totally agree with you on the SL. But I would like to give it a try with your system. Lets see

Okay I'll work on it and get back.
Let it turn and find your entry.
  • #138
  • Feb 23, 2013 8:20am Feb 23, 2013 8:20am
BEEN SOME TIME

I've been very busy at work with just little time for a peek at the charts and the forum, I'm at the moment back-testing some variations of this model to see the optimal fit.

In the mean time chew on one of my favorite bookmarks.

http://www.ritholtz.com/blog/2012/05...vestor-quotes/

Tell me which is your favorite quote., mine is that of T. Boone Pickens
Let it turn and find your entry.
  • #139
  • Feb 23, 2013 9:22am Feb 23, 2013 9:22am
THIS IS CLASSIC

Inserted Video
.

Trust me you will looooooooooove this like I'm loving it.
Let it turn and find your entry.
  • #140
  • Mar 11, 2013 2:21pm Mar 11, 2013 2:21pm
FINAL REVISION?

HELLO

Been away for awhile but been working on my craft, psychology et al.

I made some decisions and implemented it and the results are ...... I'm gonna let you be the judge.

#1 I wanted just 2 moving Averages on my main chart
#2 I needed just one filter
#3 I wanted just 2 moving averages on the filter
#4 still follow the trend and trade crosses and bounces

Therefore I had to reconstruct my model and now it's simpler and decision making is easier.

I had to render some of the indicators redundant and shop for some new ones as replacement. In all I took out the DeMarker nice indicator but not sharp enough as an entry filter great at spotting Divergence though. I did away with the Bands and retained, on the M15 Time Frame, 96LWMA and 24LWMA
The Stochastics Slope was retained in the H4 Time Frame and the RSI was introduced.
Let it turn and find your entry.
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