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Third Screen Strategy - Support

  • #141
  • Edited Jun 23, 2013 6:10am Jun 22, 2013 11:40am | Edited Jun 23, 2013 6:10am
Quoting manicminer
{quote} This is only true if the EA is taking it's data for the trend from macd_adjustable. If it is then there is a coding error because, as you say, there is a discrepancy between the trend (triangle colour) and the macd_histogram. However it's not as simple as that - let's look at the data, I will use GBPNZD D1 as my example as this is where there is a confusing discrepancy. Firstly for the macd_adjustable to show a blue histogram, the blue line (MACD) must be above the red line (Signal). In this case it is, and you can see that their respective...

Hi Manicminer,

Your analysis is correct. See among others my post nr. 1035 on page 52 in the thirdscreen strategy thread. http://www.forexfactory.com/showthre...49#post6727449 : I examined the behaviour of the MACD and my conclusion is that there is a 'glitch' in macd_adjustable.

I discussed these things extensively with 100Pips and Khaled. However, they didn't accept my arguments and insisted on continuing to use the same old wrong indicator.

My conclusion is : these people (100PipsADay and Khaled) are, for whatever reason, not willing to change anything. So, the best I can advise you is to search elsewhere for a better indicator or to write one yourself.

Take a look here for example : TCO is an excellent programmer and made a similar EA :
http://www.forexfactory.com/showthread.php?t=430840

Apart from the faulty indicator, there is another source for discrepancy in macd - results : Your broker could be.
When you use a broker who has 6 daily candles per week instead of five, you are asking for trouble.
  • #142
  • Jun 24, 2013 2:01am Jun 24, 2013 2:01am
Check out AUDCAD.

It's currently at the beginning of an uptrend. Its time to go long now. Look at the candle formations for the past 2 candles along support.

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  • #143
  • Jun 25, 2013 4:37am Jun 25, 2013 4:37am
Can someone ask 100 pips to post an update of the 5k live test?

Thanks.
  • #144
  • Jun 25, 2013 5:22am Jun 25, 2013 5:22am
Quoting Tok
Can someone ask 100 pips to post an update of the 5k live test? Thanks.
How about you posting some results of the trades the EA has taken on your DEMO account?

And how about cleaning up your charts so we can actually see what you are talking about?

The EA is taking trades on AUD-CAD, no need to continually post your analysis

Third Screen is very basic methods, only need MACD on Daily chart ans W%R on 1 hour chart

Zoom in to show price action, trade entry, super simple stuff

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It takes a lot for me to IGNORE you, but you can try.
  • #145
  • Jun 25, 2013 7:31am Jun 25, 2013 7:31am
His Holy Highness, the chief dictator of thread "D1 - 20 EMA & 50 EMA", 100PipsaDay himself, deemed it appropriate last night to expel another FF member from his thread.

The victim in person this time was Tranco. His crime ? He had dared to ask mr. 100Pips about proper money management techniques and he questioned mr. 100Pips' approach as to this subject, pointing to the fact that such practices as exercised by mr. 100Pips, were extremely dangerous and would in case of a reversal move lead within hours to the devastation of his account.

Of course, His Holy Highness was not at all pleased with such remarks resulting in Tranco being banned forever from the site.
Quote :

Tranco, I've had enough of your garbage, you're out of here permanently!

End quote.


It is a sad thing to conclude that people who point out weak aspects of mr. 100Pips' strategy and who are actually helping him to improve it, are treated in this way.

Perhaps this interesting phenomenon is also one of the aspects of the lifecycle of a system that runs towards its endphase.
  • #146
  • Jun 25, 2013 7:47am Jun 25, 2013 7:47am
Quoting rexio
His Holy Highness, the chief dictator of thread "D1 - 20 EMA & 50 EMA", 100PipsaDay himself, deemed it appropriate last night to expel another FF member from his thread. The victim in person this time was Tranco. His crime ? He had dared to ask mr. 100Pips about proper money management techniques and he questioned mr. 100Pips' approach as to this subject, pointing to the fact that such practices as exercised by mr. 100Pips, were extremely dangerous and would in case of a reversal move lead within hours to the devastation of his account. Of course,...
IMHO that really is a one sided report of the situation; it actually begins with Tranco requested 100_pips real account statements

Now who doers that? Let's be serious folks, he has done more than enough, giving freely of his method, plainly stating that money mangement is up to the individual

Not to mention the real account on demo with reports, people can go back and read those posts if they so desire, form their own opinion

http://www.forexfactory.com/showthre...40#post6771740

What more do people want?

And BTW - Tranco has something for sale, he has removed the link from his signature, but if it re-appears, I'm sure he will not be long on FF

It takes a lot for me to IGNORE you, but you can try.
  • #147
  • Jun 25, 2013 10:39pm Jun 25, 2013 10:39pm
I am currently demo testing the Third Screen Strategy D1 MACD EA and it looks very promising.
One concern though is the following situation. I've got 3 buy orders open on EurCad ( opened between yesterday and this morning) but the uptrend is almost finished in my opinion or is already in the process of turning around.
Now I don't know whether such a question have been asked already or whether it is somethin the programmer is looking at but it doesn't look right to me that the EA is continuing to open orders so close to the end of the trend.
  • #148
  • Jun 25, 2013 10:49pm Jun 25, 2013 10:49pm
Quoting Savager
I am currently demo testing the Third Screen Strategy D1 MACD EA and it looks very promising. One concern though is the following situation. I've got 3 buy orders open on EurCad ( opened between yesterday and this morning) but the uptrend is almost finished in my opinion or is already in the process of turning around. Now I don't know whether such a question have been asked already or whether it is somethin the programmer is looking at but it doesn't look right to me that the EA is continuing to open orders so close to the end of the trend.
One objective of running an EA on a demo platform: Does it take all trades, place take profits & stop losses exactly as programmed and as per the settings?

The second objective: Watch how it performs during all types of market conditions.

Question: How do you KNOW that the EUR-CAD is at the END of the trend?

Better yet, how do you expect a dumb EA to know the end of a trend?

EA is taking trades as programmed and you are questioning that because it doesn't "look right" ?

There is dis-able function for you to use when you want to trade discretionary.

Or you can go full discretionary and trade only charts "look right" to you, and forget about system and EA.

It takes a lot for me to IGNORE you, but you can try.
  • #149
  • Jun 25, 2013 10:51pm Jun 25, 2013 10:51pm
Savager, The EA follows it's rules. When MACD is up in 1D and %Williams is oversold in 1HR it opens a buy order. That is all the intelligence the author desired for the EA.

The rest is up to the trader.

What I am doing is to confirm the MACD on the Daily agrees with my analysis of where the trend will be for the next week or two. Then I enable the EA for that pair.

I am new at this, but that is what makes sense to me.

(sorry Erebus, typing same time as you)
  • #150
  • Jun 25, 2013 10:59pm Jun 25, 2013 10:59pm
Quoting mikeinaa
Savager, (sorry Erebus, typing same time as you)
No problem, next time, I hold him and you hit him

It takes a lot for me to IGNORE you, but you can try.
  • #151
  • Jun 25, 2013 11:21pm Jun 25, 2013 11:21pm
Quoting Erebus
{quote} One objective of running an EA on a demo platform: Does it take all trades, place take profits & stop losses exactly as programmed and as per the settings? The second objective: Watch how it performs during all types of market conditions. Question: How do you KNOW that the EUR-CAD is at the END of the trend? Better yet, how do you expect a dumb EA to know the end of a trend? EA is taking trades as programmed and you are questioning that because it doesn't "look right" ? There is dis-able function for you to use when you want to trade discretionary....
Whow Erebus - never a good thing to start the day in such a fighting spirit. Well discretionary trading for a few years taught me that there is a very good possibility that the daily uptrend in EurCad is almost finished or has ended. Now the only thing to consider here is the following . IF that is true it would be a nice challenge for a programmer to find a way to incorporate this in his EA by preventing the EA to continue to open trades so close to the end of a trend wouldnt it? If it can't be done then I accept that I will have to do this manually by disabling the EA in such an instance no big deal and not a reason to start a fight here.
  • #152
  • Jun 25, 2013 11:31pm Jun 25, 2013 11:31pm
Quoting Savager
{quote} Whow Erebus - never a good thing to start the day in such a fighting spirit. Well discretionary trading for a few years taught me that there is a very good possibility that the daily uptrend in EurCad is almost finished or has ended. Now the only thing to consider here is the following . IF that is true it would be a nice challenge for a programmer to find a way to incorporate this in his EA by preventing the EA to continue to open trades so close to the end of a trend wouldnt it? If it can't be done then I accept that I will have to do...
Savager, would u like to consider having a daily profit target to manage trades? Try the swiss army knife and keep ur profits in pockets if u are worry abt this. There is really no way to truly say when trend will end or start. Sometimes what looks like a start maybe ok but trades hit SL due to market movements. Using order mgt software like swiss army knife may just be your solution to keeping those profits. You can manage per acct, by currency symbol etc, by pips, by $

I am including this EA here again if it helps. I have got this on TCO forum, but this is the 3ss forum that I also subscribed to.

Lastly chin up, everyone is learning, dont despair!
Attached File(s)
File Type: pdf Swiss Army EA v1.51 Features.pdf   15 KB | 452 downloads
File Type: ex4 Swiss Army EA v1.51.ex4   29 KB | 381 downloads
  • #153
  • Jun 26, 2013 12:34am Jun 26, 2013 12:34am
Man, this market consolidation is ridiculous. Nothing is moving at all.
  • #154
  • Jun 26, 2013 1:26am Jun 26, 2013 1:26am
Quoting Tok
Man, this market consolidation is ridiculous. Nothing is moving at all.
shush, we are Vultures !
Attached Image
It takes a lot for me to IGNORE you, but you can try.
  • #155
  • Jun 26, 2013 1:40am Jun 26, 2013 1:40am
Quoting Erebus
{quote} shush, we are Vultures ! {image}
  • #156
  • Jun 26, 2013 1:56am Jun 26, 2013 1:56am
Quoting Savager
I am currently demo testing the Third Screen Strategy D1 MACD EA and it looks very promising. One concern though is the following situation. I've got 3 buy orders open on EurCad ( opened between yesterday and this morning) but the uptrend is almost finished in my opinion or is already in the process of turning around. Now I don't know whether such a question have been asked already or whether it is somethin the programmer is looking at but it doesn't look right to me that the EA is continuing to open orders so close to the end of the trend.
Hope you are watching?

Attached Image (click to enlarge)
Click to Enlarge Name: 0044.png Size: 37 KB
It takes a lot for me to IGNORE you, but you can try.
  • #157
  • Jun 26, 2013 3:40am Jun 26, 2013 3:40am
Quoting Erebus
{quote} Hope you are watching? {image}
Erebus, thanks for letting me know. Was away from screen for few hours.
Yes next couple of days should be interesting on this one.
Lets watch this for confirmation.
  • #158
  • Edited 6:43am Jun 26, 2013 6:13am | Edited 6:43am
Quoting Erebus
{quote} IMHO that really is a one sided report of the situation; it actually begins with Tranco requested 100_pips real account statements Now who doers that? Let's be serious folks, he has done more than enough, giving freely of his method, plainly stating that money mangement is up to the individual Not to mention the real account on demo with reports, people can go back and read those posts if they so desire, form their own opinion http://www.forexfactory.com/showthre...40#post6771740 What more do people want?
And BTW - Tranco has something for sale...

The fact someone has something for sale shouldn't be a reason to ban him from your thread. Come on !

But it's interesting to see 100PipsADay has been banned with his threads completely from the regular forums of FF.
Apparently 100PipsADay is also selling some obscure stuff. Why else have his threads been moved to the commercial section of FF ?

BTW : I highly disadvise anybody to go forward with 100PipsADay's proposals over there. It's a sure way to loose all your money in a few months time, if you ask me. Don't believe it ? Take a look here :

http://classic.zulutrade.com/TradeHi...spx?pid=146227

That was his trial to trade the third screen strategy on a regular base. You can whitness the results. Check out the profile. Take a look at the open positions it has.
What went wrong ?? Was it the highly praised TSS system, the prudent gurutrader or what ? This is the exact system, that's so admired by all of his followers in the TSS thread. Yet he, the master guru himself, was not able to trade this system in a profitable way.

The method, he has for "sale", the "Power Grid FOREX Trading System", is an even more riskier system.
It's not really a sale. It's a proposal where you are induced to send him $25 k. Which means in my opinion : Say Hasta la vista to your hard earned bucks.
It promises incredible high monthly returns of 20% or more on average.
Wake up , guys !! This method is probably a grid martingale system and is even more dangerous to trade than the thirdscreen strategy.
  • #159
  • Jun 26, 2013 7:12am Jun 26, 2013 7:12am
Rex,

In a way I do agree, its best to have FULL OPEN accountability, thats why I intro 100pips to Zulutrade or start a PAMM. This way thats transparency and broker can guarantee the wd and profit sharing distribution in accordance to % set by Pamm trader (for Pamm)

Thanks for the Zulutrade link that you share. I believe 3ss, 20-50ema may be successful EA, but like all EA, its batteries not included. In this case human intervention may be required from time to time. The EA is there, go load it, test it and check and track it. Meanwhile, pls enjoy this post I have made regards the usage of 20-50ema http://www.forexfactory.com/showthre...48#post6779048

Wishing all of u a pips filled day.

Remember, smart trader ALWAYS exercise due diligence when trading. If theres anything that I like abt Shakespeare its this line from his novel
"Fools fall in where Angels fear to Tread"

The title of the novel "Where Angels Fear To Tread"
  • #160
  • Jun 26, 2013 7:39am Jun 26, 2013 7:39am
Quoting rexio
{quote} The fact someone has something for sale shouldn't be a reason to ban him from your thread. Come on ! But it's interesting to see 100PipsADay has been banned with his threads completely from the regular forums of FF. Apparently 100PipsADay is also selling some obscure stuff. Why else have his threads been moved to the commercial section of FF ? BTW : I highly disadvise anybody to go forward with 100PipsADay's proposals over there. It's a sure way to loose all your money in a few months time, if you ask me. Don't believe it ? Take a look here...
Totally agree! Credibility went downhill fast with this crap.
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