Third Screen Strategy - Dr. Alexander Elder | Page 34 | Forex Factory

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Third Screen Strategy - Dr. Alexander Elder

  • #661
  • May 19, 2013 12:40pm May 19, 2013 12:40pm
This GBP/AUD test had a Max Position of 4 at any given time and still had phenomenal results! This particular strategy also utilizes the D1 chart for overall trend and enters using the H1 time frame.

GBP/AUD (September 2011 - May 2013)

Total Trades: 118

Total Pips: 8,984

Win Rate: 50%

Profit Factor: 2.32

Max Positions: 4

Max Draw Down in Pips: 886
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD_-_Accumulated_Pips.png Size: 65 KB
Click to Enlarge Name: GBPAUD_-_Statistics.png Size: 88 KB
Click to Enlarge Name: GBPAUD_-_Trades_(1).png Size: 150 KB
Click to Enlarge Name: GBPAUD_-_Trades_(2).png Size: 150 KB
Click to Enlarge Name: GBPAUD_-_Trades_(3).png Size: 149 KB
Click to Enlarge Name: GBPAUD_-_Trades_(4).png Size: 142 KB
Click to Enlarge Name: GBPAUD_-_Trades_(5).png Size: 147 KB
Click to Enlarge Name: GBPAUD_-_Trades_(6).png Size: 150 KB
Click to Enlarge Name: GBPAUD_-_Trades_(7).png Size: 147 KB
Click to Enlarge Name: GBPAUD_-_Trades_(8).png Size: 133 KB
  • #662
  • Edited 1:04pm May 19, 2013 12:52pm | Edited 1:04pm
Thanks for sharing your results 100pipsADay What are the diferents settings in GBPUSD apart from max positions? the losses with this system are less and smaller.
  • #663
  • May 19, 2013 12:53pm May 19, 2013 12:53pm
These results from forward testing GBP/AUD utilized a 160 SL and a 280 TP with a total Max Positions of 4 at any given time. Even with a 55% win rate we came out ahead with over 12,000+ pips in 2 years...

GBP/AUD (April 2011 - May 2013)

Total Trades: 170

Total Pips: 12,626

Win Rate: 55.29%

Profit Factor: 2.08

Max Positions: 4

Max Draw Down in Pips: 2,180
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD_-_Accumulated_Pips.png Size: 53 KB
Click to Enlarge Name: GBPAUD_-_Statistics.png Size: 89 KB
Click to Enlarge Name: GBPAUD_-_Trades_(1).png Size: 148 KB
Click to Enlarge Name: GBPAUD_-_Trades_(2).png Size: 150 KB
Click to Enlarge Name: GBPAUD_-_Trades_(3).png Size: 151 KB
Click to Enlarge Name: GBPAUD_-_Trades_(4).png Size: 151 KB
Click to Enlarge Name: GBPAUD_-_Trades_(5).png Size: 150 KB
Click to Enlarge Name: GBPAUD_-_Trades_(6).png Size: 151 KB
  • #664
  • May 19, 2013 12:54pm May 19, 2013 12:54pm
GBP/AUD Continued...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD_-_Trades_(7).png Size: 150 KB
Click to Enlarge Name: GBPAUD_-_Trades_(8).png Size: 152 KB
Click to Enlarge Name: GBPAUD_-_Trades_(9).png Size: 150 KB
Click to Enlarge Name: GBPAUD_-_Trades_(10).png Size: 149 KB
Click to Enlarge Name: GBPAUD_-_Trades_(11).png Size: 148 KB
Click to Enlarge Name: GBPAUD_-_Trades_(12).png Size: 67 KB
  • #665
  • Edited 1:17pm May 19, 2013 1:03pm | Edited 1:17pm
In summary, it is my opinion from past experience that GBP/AUD is the most profitable pair to trade using our swing trading strategy. Below are 5 different forward test results using different settings in regards to Stop Loss, Take Profit, and Max Positions. All of these results were done using the D1 chart and H1 for entries.


GBP/AUD (April 2011 - May 2013)

Total Trades: 170

Total Pips: 12,626

Win Rate: 55.29%

Profit Factor: 2.08

Max Positions: 4

Max Draw Down in Pips: 2,180



GBP/AUD (September 2011 - May 2013)

Total Trades: 118

Total Pips: 8,984

Win Rate: 50%

Profit Factor: 2.32

Max Positions: 4

Max Draw Down in Pips: 886



GBP/AUD (September 2011 - May 2013)

Total Trades: 132

Total Pips: 14,314

Win Rate: 53.79%

Profit Factor: 3.22

Max Positions: 4

Max Draw Down in Pips: 834



GBP/AUD (September 2011 - March 2013)

Total Trades: 113

Total Pips: 16,117

Win Rate: 72.57%

Profit Factor: 3.62

Max Positions: 8

Max Draw Down In Pips: 2,127



GBP/AUD (September 2011 - May 2013)

Total Trades: 70

Total Pips: 8,040

Win Rate: 61.43%

Profit Factor: 2.90

Max Positions: 6

Max Draw Down in Pips: 1,449
  • #666
  • May 19, 2013 1:15pm May 19, 2013 1:15pm
GBP/AUD (September 2011 - May 2013)

Total Trades: 70

Total Pips: 8,040

Win Rate: 61.43%

Profit Factor: 2.90

Max Positions: 6

Max Draw Down in Pips: 1,449
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPAUD_-_Accumulated_Pips.png Size: 51 KB
Click to Enlarge Name: GBPAUD_-_Statistics.png Size: 85 KB
Click to Enlarge Name: GBPAUD_-_Trades_(1).png Size: 148 KB
Click to Enlarge Name: GBPAUD_-_Trades_(2).png Size: 151 KB
Click to Enlarge Name: GBPAUD_-_Trades_(3).png Size: 149 KB
Click to Enlarge Name: GBPAUD_-_Trades_(4).png Size: 148 KB
Click to Enlarge Name: GBPAUD_-_Trades_(5).png Size: 108 KB
  • #667
  • May 19, 2013 1:37pm May 19, 2013 1:37pm
EUR/JPY (September 2011 - May 2013)

Total Trades: 163

Total Pips: 7,060

Win Rate: 54.6%

Profit Factor: 1.71

Max Positions: 6

Max Draw Down in Pips: 3,663
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY_-_Accumulated_Pips.png Size: 50 KB
Click to Enlarge Name: EURJPY_-_Statistics.png Size: 83 KB
Click to Enlarge Name: EURJPY_-_Trades_(1).png Size: 151 KB
Click to Enlarge Name: EURJPY_-_Trades_(2).png Size: 153 KB
Click to Enlarge Name: EURJPY_-_Trades_(3).png Size: 149 KB
Click to Enlarge Name: EURJPY_-_Trades_(4).png Size: 148 KB
Click to Enlarge Name: EURJPY_-_Trades_(5).png Size: 153 KB
Click to Enlarge Name: EURJPY_-_Trades_(6).png Size: 154 KB
  • #668
  • May 19, 2013 1:38pm May 19, 2013 1:38pm
EUR/JPY Continued...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURJPY_-_Trades_(7).png Size: 149 KB
Click to Enlarge Name: EURJPY_-_Trades_(8).png Size: 150 KB
Click to Enlarge Name: EURJPY_-_Trades_(9).png Size: 149 KB
Click to Enlarge Name: EURJPY_-_Trades_(10).png Size: 152 KB
Click to Enlarge Name: EURJPY_-_Trades_(11).png Size: 136 KB
  • #669
  • May 19, 2013 1:51pm May 19, 2013 1:51pm
EUR/AUD (April 2011 - May 2013)

Total Trades: 191

Total Pips: 13,035

Win Rate: 53.4%

Profit Factor: 1.93

Max Positions: 4

Max Draw Down in Pips: 2,903
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD_-_Accumulated_Pips.png Size: 57 KB
Click to Enlarge Name: EURAUD_-_Statistics.png Size: 89 KB
Click to Enlarge Name: EURAUD_-_Trades_(1).png Size: 148 KB
Click to Enlarge Name: EURAUD_-_Trades_(2).png Size: 152 KB
Click to Enlarge Name: EURAUD_-_Trades_(3).png Size: 152 KB
Click to Enlarge Name: EURAUD_-_Trades_(4).png Size: 149 KB
Click to Enlarge Name: EURAUD_-_Trades_(5).png Size: 151 KB
Click to Enlarge Name: EURAUD_-_Trades_(6).png Size: 152 KB
  • #670
  • May 19, 2013 1:54pm May 19, 2013 1:54pm
EUR/AUD Continued...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURAUD_-_Trades_(7).png Size: 149 KB
Click to Enlarge Name: EURAUD_-_Trades_(8).png Size: 149 KB
Click to Enlarge Name: EURAUD_-_Trades_(9).png Size: 152 KB
Click to Enlarge Name: EURAUD_-_Trades_(10).png Size: 150 KB
Click to Enlarge Name: EURAUD_-_Trades_(11).png Size: 150 KB
Click to Enlarge Name: EURAUD_-_Trades_(12).png Size: 150 KB
Click to Enlarge Name: EURAUD_-_Trades_(13).png Size: 117 KB
  • #671
  • May 19, 2013 2:15pm May 19, 2013 2:15pm
Weekly, Daily, Open Position, & Overall Bias For Our Most Frequently Traded Pairs

AUD/JPY:
Weekly - Up
Daily - Up
Open Positions - Up
Overall - Up

CAD/JPY:
Weekly - Up
Daily - Up
Open Positions - Up
Overall - Up

NZD/JPY:
Weekly - Up
Daily - Up
Open Positions - Up
Overall - Up

GBP/AUD: ("over bought" so BUY with caution)
Weekly - Up
Daily - Up
Open Positions - Up
Overall - Up

EUR/AUD: ("over bought" so BUY with caution)
Weekly - Up
Daily - Up
Open Positions - Up
Overall - Up

EUR/CAD:
Weekly - Down
Daily - Down
Open Positions - Flat
Overall - Flat

EUR/USD:
Weekly - Down
Daily - Down
Open Positions - Down
Overall - Down

AUD/NZD:
Weekly - Down
Daily - Up
Open Positions - Down
Overall - Down

GBP/USD:
Weekly - Down
Daily - Down
Open Positions - Down
Overall - Down

GBP/NZD:
Weekly - Up
Daily - Up
Open Positions - Up
Overall - Up

NZD/USD:
Weekly - Down
Daily - Down
Open Positions - Flat
Overall - Down

AUD/USD:
Weekly - Down
Daily - Down
Open Positions - Flat
Overall - Down
  • #672
  • May 19, 2013 2:32pm May 19, 2013 2:32pm
Hi again 100pipsaday, i like this strategy since first post i want to thanks you for sharing.

last week i try sells in GBPUSD and EURUSD i have both in profits, i'm looking the outlook for this week and i see this:

EURUSD: Daily Bearish, H1 waiting for overbought to add more positions.
GBPUSD: Daily Bearish, H1 waiting for overbought. to add more positions.

Is that setings ok? all comments are welcome.
  • #673
  • May 19, 2013 2:36pm May 19, 2013 2:36pm
Quoting simmatosan
Hi again 100pipsaday, i like this strategy since first post i want to thanks you for sharing. last week i try sells in GBPUSD and EURUSD i have both in profits, i'm looking the outlook for this week and i see this: EURUSD: Daily Bearish, H1 waiting for overbought to add more positions. GBPUSD: Daily Bearish, H1 waiting for overbought. to add more positions. Is that setings ok? all comments are welcome.
Looks and sounds good to me!
  • #674
  • May 20, 2013 5:36am May 20, 2013 5:36am
Quoting Fishcoo
Hi 100PipsADay Thank you for your work and help.I like the Third Screen Stratery and also the D1 20 EMA & EMA50 Stratery.They are also very powerfull , and i got some pips after trading some weeks.Maybe we can combine D1 MACD with D1 20 EMA & EMA50. When the PA closed above D1 20 EMA & EMA50 and D1 MACD is also bullish then we wait until the H1 WR% is Over Sold and get some long positions. What do you think?Maybe we can test it. Best Regards Fishcoo
Hi Fishcoo,
I also think it would be better if we can combine MACD and 20&50 EMA on Daily TF to identify the trend.

Have you got any result for above rules and any difference between combined MACD & EMA and MACD alone or EMAs alone?

Regards,
Khaled
KISS - Keep It Simple Smart !!!!
  • #675
  • May 22, 2013 5:40am May 22, 2013 5:40am
hi 100PipsADay && khaled_ctg;

Not sure if you have enough Computer power at home.

Would it be possible for you to set up a demo trade Explorer with this strategy too. would be kind of nice to see both of your strategies starting with the same amount at the same time and observe the difference.

In your other strategy you have more than 100 trades open: I guess approximately an total Risk of 10 - 15 % (in the unlikely case that all of them hit SL)

Is it this similar (at present time) with the: Third Screen Strategy.


I also want to say: congratulation to both of you 100PipsADay && khaled_ctg nice work.
  • #676
  • May 22, 2013 5:55am May 22, 2013 5:55am
Quoting Ratatuia
hi 100PipsADay && khaled_ctg; Not sure if you have enough Computer power at home. Would it be possible for you to set up a demo trade Explorer with this strategy too. would be kind of nice to see both of your strategies starting with the same amount at the same time and observe the difference. In your other strategy you have more than 100 trades open: I guess approximately an total Risk of 10 - 15 % (in the unlikely case that all of them hit SL) Is it this similar (at present time) with the: Third Screen Strategy. I also want to say: congratulation...
Hello Ratatuia,
100PipsAday and me is working together. Soon an EA will be released and will be put in the Trade Explorer.
You are welcome to enjoy the popular and powerful strategy.

Regards,
Khaled
KISS - Keep It Simple Smart !!!!
  • #677
  • May 22, 2013 7:46am May 22, 2013 7:46am
gbpjpy sell signal afraid of this signal
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy-d1-alpari-nz-limited.png Size: 63 KB
Click to Enlarge Name: gbpjpy-h1-alpari-nz-limited-2.png Size: 74 KB
  • #678
  • May 22, 2013 9:26am May 22, 2013 9:26am
thanks khaled_ctg & 100PipsADay,

looking forward to that new Trade Explorer.
You are right that it is very popular (at the moment) but still needs some convincing if it is also such a powerful strategy.
Waiting for some real ranging market conditions to see...

Anyway, I always thought the long term 200+ pips ST/TP strategies will not pay off, but because of you both I reevaluate this.

Thanks for all.

Quoting khaled_ctg
{quote} Hello Ratatuia, 100PipsAday and me is working together. Soon an EA will be released and will be put in the Trade Explorer. You are welcome to enjoy the popular and powerful strategy. Regards, Khaled
  • #679
  • May 22, 2013 1:45pm May 22, 2013 1:45pm
Quoting davidtrader
gbpjpy sell signal afraid of this signal {image} {image}

Its is on short but same as u Confuse with W% H1 on oversold , Seems wait till it get to overbought then other short ? Will hear what other traders say ,
  • #680
  • May 22, 2013 2:06pm May 22, 2013 2:06pm
Quoting terminator12
{quote} Its is on short but same as u Confuse with W% H1 on oversold , Seems wait till it get to overbought then other short ? Will hear what other traders say ,
Hi Terminator12,
For your kind information,
When it is UP trend in the DAY chart you have to wait H1 William%R (1 Hour Chart) touch Over Sold area i.e. crosses below -80, then you can consider to open LONG position.

When it is DOWN trend in the DAY chart you have to wait H1 William%R (1 Hour Chart) touch Over Bought area i.e. crosses above -20, then you can consider to open SHORT position.

Hope it will help you to minimize your confusion.

If you have any more question please ask us.

Regards.
KISS - Keep It Simple Smart !!!!
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