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D1 - 20 EMA & 50 EMA

  • #81
  • May 9, 2013 4:29pm May 9, 2013 4:29pm
Very clear example. Thanks again!

Scott

Quoting 100PipsADay
{quote} You're welcome Scott. I want to give you an example of a pair which I have already disabled the EA for. AUD/USD As you can see from the two weekly charts below we have significant areas of support down at .98, .97, and .964. I currently have 8 open Sell positions for AUD/USD and the lowest sell position's TP target is at .98461. This is roughly 50 pips above a significant area of support. I am confident that all 8 of these sell positions are going to hit their TP targets in the coming weeks. However, due to the last TP being so close to...
Prices are never too high to begin buying or too low to begin selling.
  • #82
  • May 9, 2013 4:37pm May 9, 2013 4:37pm
Quoting thehenryfam
Very clear example. Thanks again! Scott {quote}
No problem Scott!
  • #83
  • May 9, 2013 4:53pm May 9, 2013 4:53pm
Quoting 100PipsADay
{quote} You're welcome Scott. I want to give you an example of a pair which I have already disabled the EA for. AUD/USD As you can see from the two weekly charts below we have significant areas of support down at .98, .97, and .964. I currently have 8 open Sell positions for AUD/USD and the lowest sell position's TP target is at .98461. This is roughly 50 pips above a significant area of support. I am confident that all 8 of these sell positions are going to hit their TP targets in the coming weeks. However, due to the last TP being so close to...
Very interesting 100pips, weekly S/R is good one.Since you touched on this subject I've concerns about catch a better entry too, I'm doing some tests to define the trend on daily chart to combine with the system before I get in the trade.
  • #84
  • May 9, 2013 4:56pm May 9, 2013 4:56pm
Quoting Vinitrader1
{quote} Very interesting 100pips, weekly S/R is good one.Since you touched on this subject I've concerns about catch a better entry too, I'm doing some tests to define the trend on daily chart to combine with the system before I get in the trade.
Could you explain here in detail the adjustments you are considering?
  • #85
  • May 9, 2013 5:49pm May 9, 2013 5:49pm
hi 100PipsADay,

just saw this and I'm interested mainly because as I understand you trade it with an EA.

I'm doing my own strategy - but otherwise following a similar process: (but you are far ahead)
- 100% automated
- multiple pairs ect. ect.

So without being too system specific:

how does it work out with the multiple pairs:
- do you get many correlated positions I I see you have added additional rules to maybe limit this by:

5) Time Delay in between new positions should be at least 6-12 hours apart. Different time delays between opening new positions are currently being tested on multiple currency pairs.

- did you trade this first manually
- for how long do you trade it fully automatized


I would be interested why you choose any particular Symbol: any specific reason?


Cheers
Ati
Money is important, Love is essential.
  • #86
  • May 9, 2013 6:28pm May 9, 2013 6:28pm
Quoting Ati Baia
hi 100PipsADay, just saw this and I'm interested mainly because as I understand you trade it with an EA. I'm doing my own strategy - but otherwise following a similar process: (but you are far ahead) - 100% automated - multiple pairs ect. ect. So without being too system specific: how does it work out with the multiple pairs: - do you get many correlated positions I I see you have added additional rules to maybe limit this by: 5) Time Delay in between new positions should be at least 6-12 hours apart. Different time delays between opening new...
I don't trade this system on a live account as I'm not totally convinced that this will be profitable in the long run, however, it is fairly similar to the strategy that I have been using for my live accounts since 2011. However, with the Third Screen Strategy I use the D1 MACD and H1 Williams % for entries and I have experienced phenomenal results so far.

Here are results from my top traded pairs with Third Screen Strategy: http://www.forexfactory.com/showthre...11#post6577111 Trading 11 different pairs since August 2011 I've gained a total of 104,943 Pips using the Third Screen Strategy explained in the thread above.

I demo tested this D1 20 EMA & 50 EMA strategy last month with a 2 hour and 4 hour time delay but that was way too close so I started new tests with 6 and 12 hour time delays. It seems to be working well so far, however, today I've decided that I will intervene occasionally and will apply PASR (price action @ support / resistance) using the weekly charts.

Keep in mind that this is a Trend Strategy so it is going to work best on pairs that trend well and have a higher ATR therefore it will probably work best with the JPY cross pairs as well as EUR/AUD and GBP/AUD. But I'm still going to forward test the 20 pairs that are currently being traded.
  • #87
  • May 9, 2013 6:42pm May 9, 2013 6:42pm
Quoting 100PipsADay
{quote} I have been using for my live accounts since 2011. However, with the Third Screen Strategy I use the D1 MACD and H1 Williams % for entries and I have experienced phenomenal results so far. Here are results from my top traded pairs with Third Screen Strategy: http://www.forexfactory.com/showthre...11#post6577111 Trading 11 different pairs since August 2011 I've gained a total of 104,943 Pips using the Third Screen Strategy explained in the thread above.
thanks 100PipsADay,
11 pairs on the "Third Screen Stratege" do you trade them also automatized? or if not now did you ever trade them automatized?
Money is important, Love is essential.
  • #88
  • May 9, 2013 6:43pm May 9, 2013 6:43pm
Quoting Ati Baia
{quote} thanks 100PipsADay, 11 pairs on the "Third Screen Stratege" do you trade them also automatized? or if not now did you ever trade them automatized?
Yes, that system is also automated but occasionally there is human intervention. I would say it is probably 95% automated...
  • #89
  • May 9, 2013 7:05pm May 9, 2013 7:05pm
Hearing this is really encouraging for me - thanks so much.

Quoting 100PipsADay
{quote} Yes, that system is also automated but occasionally there is human intervention. I would say it is probably 95% automated...
Money is important, Love is essential.
  • #90
  • May 9, 2013 7:14pm May 9, 2013 7:14pm
Quoting Ati Baia
Hearing this is really encouraging for me - thanks so much. {quote}
No problem
  • #91
  • May 9, 2013 10:05pm May 9, 2013 10:05pm
OK, I know we said not to trade the EUR-USD but it was big day yesterday so IF the direction is decided, an retracement will be a GIFT

Here is how I watch for possible 50% pull back on yesterday price action; will it happen?

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It takes a lot for me to IGNORE you, but you can try.
  • #92
  • May 10, 2013 1:04am May 10, 2013 1:04am
Quoting 100PipsADay
{quote} Could you explain here in detail the adjustments you are considering?
Of course I can, first of all I'd to say that's my approach that "I'm building" in a way that better suit me, my intentions are the best, I hope you don't get angry with me because my "modifications" if so sorry me and forget my ideas.

So let's go ahead.

Basically what I'm really changing is the "momentum" of my entry, the conditions are:

To Buy

1. On daily chart I wait EMA 20 & EMA 50 crossing, EMA 20 cross above EMA 50. I wait the close of this candle to determine the crossing.( my more important modification)
2. After that I go to H4 charts and do as you on system I wait W% be in oversold zone, but I wait the close of the candle in this área.
3. I do my entry at closing of this candle or do my entry in the open of next H4 candle.
4. I'm testing put the SL around 150 pips of my entry point.( seems good most part of the time)
5. The TP remain 350 pips.
6. After the price reach 200 pips I move my SL to BE.( the intention is avoid damage in range markets)

To Sell

vice-versa


That's it.

Ok, what about win/loss ratio, recover factor and so on?

Like I said I'm testing this "new entry", I'm not a coder(yet), I'm doing the test manually, I did around 10-15 paper trades per pair in about 10 pairs. Needless to say that I need test much more, the test is doing good so far.


Of course the modification result in less signals, less entries and I don't make multiple entries. To handle this approach is necessary a lot of pairs, or a lot of patience to trade few pairs.

Here a good example(I hope) of the signal I take in the daily chart.
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  • #93
  • May 10, 2013 1:15am May 10, 2013 1:15am
The entry on H4 chart after the daily signal.
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  • #94
  • May 10, 2013 1:19am May 10, 2013 1:19am
Sideways market situation, there are few signals,so less losses, moving the SL to BE when the price reach 200 pips seems help to avoid damages from this kind of market situation.

Ok this is all for now guys. I hope my english has not embarrassed you.

See you.
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  • #95
  • May 10, 2013 1:28am May 10, 2013 1:28am
NO mercy at Europe open, let's see what London brings

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It takes a lot for me to IGNORE you, but you can try.
  • #96
  • May 10, 2013 4:21am May 10, 2013 4:21am
Quoting 100PipsADay
{quote} I'm a little confused by the statement that I put in bold... Positions remain open until SL or TP targets are hit therefore the profit will be 350 pips per position regardless of how long it takes and losses will be 250 pips per position regardless of the time frame. This means that I could win 8 then lose 8 and still come out winning 800 pips. The biggest problem if price stays in H1 for a long period of time is that trades are opened up very close to each other. I prefer to only have 2-4 position opened up every 50-100 pips or so and this...

Hi 100pips
This was not a comment directed at your wonderful system. Whilst I would tinker and make some changes (mainly around taking a trade when W%R comes out of OB/OS areas to try and reduce stop size) trading higher TF trend and the retraces from 1hr is solid.

Erebus commented about trading 1hr W%R without D trend filter. That I think would end in tears.
  • #97
  • May 10, 2013 4:31am May 10, 2013 4:31am
Quoting Vantage
{quote} Hi 100pips This was not a comment directed at your wonderful system. Whilst I would tinker and make some changes (mainly around taking a trade when W%R comes out of OB/OS areas to try and reduce stop size) trading higher TF trend and the retraces from 1hr is solid. Erebus commented about trading 1hr W%R without D trend filter. That I think would end in tears.
Hi Vantage,

Thanks for clarifying as I was confused earlier. By the way, I've been back testing this system for multiple currency pairs. I should have 12 months worth of statistical data for about 10 different pairs sometime tomorrow.
  • #98
  • May 10, 2013 9:17am May 10, 2013 9:17am
Hi 100pips.

Nice thread you've started. Looks like it'll have some legs, judging by its similarity with your other thread (a blast, btw).
With your permission I would like to start a trade explorer where I will be trading by your rules. You okay with that?
Always try just one more time...
  • #99
  • May 10, 2013 9:22am May 10, 2013 9:22am
Dewey: Hi!

I started testing your EA on jpy pairs.

Will let you know the results later.Thanks!
rswamy
  • #100
  • May 10, 2013 10:07am May 10, 2013 10:07am
I am also testing Dewey EA.

http://www.myfxbook.com/members/rtn007/d1h1/568864
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