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Hourly Trend Rider...

  • #101
  • Nov 23, 2007 1:33pm Nov 23, 2007 1:33pm
Quoting billbss
If a system's good from the start, with simple rules, the thread usually doesn't last long. There's nothing left to say.
Most of the lengthy threads are systems that are being filtered and tweaked and reworked or that require lengthy explanations.

So true....

bye
Ohka
  • #102
  • Nov 24, 2007 11:39am Nov 24, 2007 11:39am
hi Bam Bam,
first i would like to thank you for the great system you shared with us. it is really simple and easy to understand.
however I have a few questions:
- what is the win/loss ratio so far and how long have you been trading this sytem?
- since it is a trend follower system, how do you avoid ranging, choppy markets?
- when you enter in a trade how many pips you expecting. it must be different for the pairs you trade since they do not have the same volatility.
ie on E/U the SL is about 35pips on a 1hr chart. minimum how many pips you expect, 1.5-2X of the SL?
  • #103
  • Nov 24, 2007 1:54pm Nov 24, 2007 1:54pm
Hallo Bam Bam, Banzai, and other members....
I have used this methode more than 3 months, and this methode is great. I Like it very much.

And I used it with MACD. For entry & exit I used zigzag combined with MACD and ExecuteLine. Not cross 2 EMAs, because too late.

EMA5 + EMA13 = MACD(5,13,2)

See attach below.

BamBam, thanks you for calculate the StopLoss.

See you,
ServerUang.
Attached Image (click to enlarge)
Click to Enlarge Name: chart tf 1hr.gif Size: 18 KB
  • #104
  • Nov 24, 2007 6:09pm Nov 24, 2007 6:09pm
Quoting mihali
hi Bam Bam,
first i would like to thank you for the great system you shared with us. it is really simple and easy to understand.
however I have a few questions:
- what is the win/loss ratio so far and how long have you been trading this sytem?
- since it is a trend follower system, how do you avoid ranging, choppy markets?
- when you enter in a trade how many pips you expecting. it must be different for the pairs you trade since they do not have the same volatility.
ie on E/U the SL is about 35pips on a 1hr chart. minimum how many pips you expect, 1.5-2X of the SL?

Hey bro,
I am going to try and answer your questions.

-To tell you the truth I'm not exactly sure of the W/L ratio I have never tracked it. I have been trading this for about a year now.

-I don't aviod them per-say. I go by my rules outlined in the first post and I trade my signals, wether it be ranging or trend bound.

-I dont have a set TP level I exit per false signal(see rules) but just for fun say for the EU after +30 to +50 pips move SL to breakeven, whatever you are comfortable with...

I personally like to let my trades run the full course before exiting, yes you will have some potentially winning trades turn to breakeven and even negative, but at the same time you may have a trade that nets you 200pips. Why limit what you dont know?

I advise that you find what your comfort level is and go with it...
  • #105
  • Nov 25, 2007 10:21pm Nov 25, 2007 10:21pm
  •  shauny
  • | Joined Jul 2007 | Status: Still learning and never gonna stop | 127 Posts
Have you come out with the indicator that provides on the 1hr whether the daily timeframe 5ema is above 50sma or below?? If you created it, then its nice for us, so it will be easier to scan through the currencies! Thanks in advanced!!
  • #106
  • May 27, 2013 10:41am May 27, 2013 10:41am
Indicators-
5 EMA set to close
13 EMA set to open
50 SMA set to close change 21 SMA set to close
ATR 100 period

  • #107
  • Last Post: May 28, 2013 7:31am May 28, 2013 7:31am

please see attached picture

Attached Image (click to enlarge)
Click to Enlarge Name: 截图00.jpg Size: 223 KB
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