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The similarity system

  • #5,001
  • Sep 9, 2013 8:56am Sep 9, 2013 8:56am
Quoting yongda
finally after 250 Pages and Trial on the templates i'm ready to make my first post to contribute to the thread Found the boxes linked with strong future signal, i found if that is a possible way of determining future price direction As EURUSDD Mentioned before Price leads Stochastic. Pay attention to the MA 300 Line and compare with the indicator below and see the reaction in the very near future right side of the chart after the black boxes. Cheers. {image}
Hi Yongda....
are you using the 300ma as a trigger to trade?..if price moves above the ma it will then clear the zones above and below the same?

Not quite getting where your coming from if you could elaborate a little further?

Many thanks
T
  • #5,002
  • Sep 9, 2013 7:23pm Sep 9, 2013 7:23pm
Quoting oconnor365
{quote} Hi Yongda.... are you using the 300ma as a trigger to trade?..if price moves above the ma it will then clear the zones above and below the same? Not quite getting where your coming from if you could elaborate a little further? Many thanks T
hi oconner

i'm still testing the strategy as well but from the looks of it similarity can work with a few indicators

the MA300 or the stochastic both has the sign of price moving up.

in fact MA300 was on the template that EURUSDD provided but no one has taken a look at it seriously yet is the reason why i'm pointing it out.

Green pips!
Attached Image
  • #5,003
  • Sep 9, 2013 9:33pm Sep 9, 2013 9:33pm
is EU going to hit the Green zone now ?
Attached Image
  • #5,004
  • Sep 10, 2013 6:37am Sep 10, 2013 6:37am
Simply amazing system thank you EURUSDD.
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  • #5,005
  • Sep 13, 2013 5:26am Sep 13, 2013 5:26am
Hi Folks
I've been following this thread from the start and its sad to see it slowly dying. I was just wondering if any of the original contributors are trading any particular aspect of dissim with success ? Eurusdd gave us many different ways of trading it (ci , zz/100stoch , zones , stoch values etc) and while I was having good success myself trading zz/100/0 I went into heavy DD when eu fell of the edge a couple of weeks ago.
Vladys doing tremendous work on zone trading and was having really good success until he went into big DD recently and is now adding his own trading experience and I feel it has become more subjective.
It started off so simple and I really believe theres an edge here and would love to hear from contributors like Madmoney , Juhamini, Ralome, Taypot etc to see if they've nailed it down and their own take and rules on how they spot and trade ( if their still using) this system.

Regards
T
  • #5,006
  • Sep 13, 2013 5:36am Sep 13, 2013 5:36am
Quoting oconnor365
Hi Folks I've been following this thread from the start and its sad to see it slowly dying. I was just wondering if any of the original contributors are trading any particular aspect of dissim with success ? Eurusdd gave us many different ways of trading it (ci , zz/100stoch , zones , stoch values etc) and while I was having good success myself trading zz/100/0 I went into heavy DD when eu fell of the edge a couple of weeks ago. Vladys doing tremendous work on zone trading and was having really good success until he went into big DD recently and...
In short... without further "free" input from Eurusdd, the ZZBB method works really well in trending markets. When you have uncertainty around 300EMA on the 1H and higher timeframes, then trading decisions on the method are difficult without resorting to other things not in the method. I am finding it tough. I have now got Fibs and Pivots on one screen which I originally said I wouldn't do... so you're right, I've diluted the method.

This story in some part magnifies a recent book I read called "The Holy Grail Trading System" which is an excellent story of exactly the above. Applying simple rules can work on a backtest and produce great results in a long term trend (3 years uptrend on GBPUSD as the book goes, pre 2007 inclusive). It's always the Change In Trend that breaks behaviour...

So my current Attempt #2 is basically shocking. It's probably 65% bad trading decisions and poor money management on my part 35% method not working as per above. In my zealousness to "prove the method" I forget the essence of trading - heck I even forgot my own style and it's taking some adjusting to looking at Fibs, Pivots, Demand/Supply again because I'm constantly looking for the ZZTs and ZZBs...

I never had understanding of the CI Method so it may be worth considering that. I know some guys had excellent Scalping Results on the CI method of Similarity. I just couldn't understand it to be able to apply.

My 2 cents.

Great comment!
A pip is only worth it if you know how much you risked to earn it
  • #5,007
  • Sep 13, 2013 5:38am Sep 13, 2013 5:38am
BTW... I'm short on EUR

and unfortunately, not because of ZZBB method
A pip is only worth it if you know how much you risked to earn it
  • #5,008
  • Sep 13, 2013 5:41am Sep 13, 2013 5:41am
Maybe this is like Similarity Anonymous (btw... watched Wreck It Ralph twice last week with the girlfriend due to illness so maybe this is where it's coming from).

Just wanted to clarify my comment on the 1H 300EMA.
It was one of the rules I formed on the Daily Direction Predictor method.

If Price > 300EMA, default bias = BULL/LONG
If Price < 300EMA, default bias = BEAR/SHORT

When price is near or on the 300EMA by a factor of 50-100 pips.... that's where the indecision is. And no amount of swings on the pair's chart will tell you where it's going to go. I've learned my lesson on this and I'm returning to my roots..... you have to look at currency pairs to know what will happen in EURUSD.
A pip is only worth it if you know how much you risked to earn it
  • #5,009
  • Sep 13, 2013 5:44am Sep 13, 2013 5:44am
Hi oconnor,

DD are normal for any system, if there is no DD then in my opinion there is something wrong.
My advise would be to keep reporting what the trades of your system would have done, and see how long and how deep the DD really is.
It could be that it is a normal DD, but what is normal is also different for any system.
Usually, the bigger the risk, the deeper the DD and the bigger the profit, provided you survive the DD.
Another point is the length of the DD, I would not like to trade a system where the DD lasts longer then a couple off months, although i have traded systems that did, and that was terrible.
Persistence will get it. Consistency will keep it.
  • #5,010
  • Sep 13, 2013 5:48am Sep 13, 2013 5:48am
Quoting Chake
Hi oconnor, DD are normal for any system, if there is no DD then in my opinion there is something wrong. My advise would be to keep reporting what the trades of your system would have done, and see how long and how deep the DD really is. It could be that it is a normal DD, but what is normal is also different for any system. Usually, the bigger the risk, the deeper the DD and the bigger the profit, provided you survive the DD. Another point is the length of the DD, I would not like to trade a system where the DD lasts longer then a couple off months,...
It's a hot topic for sure. SL or no SL.

Account size is the key. And absolutely, this is an issue if you're under capitalised. If everyone had $100K, then a $2K DD is not so bad, assuming 1 lot size still.

But as one other trader mentioned in another thread. Yes, allow for Money Management.... but it really is more to do with reducing your errors. You need to lower that error ratio.

As I said, any system is geared to follow the trend. But when the trend changes, you make more errors. The effort then is to find the plan that reduces this. Whether it's your system, money management, solar eclipses or wave counts... whatever. Reduce your errors is the key.
A pip is only worth it if you know how much you risked to earn it
  • #5,011
  • Sep 13, 2013 10:19am Sep 13, 2013 10:19am
Quoting vlady1974
BTW... I'm short on EUR and unfortunately, not because of ZZBB method
All closed. I still want to see 1.3337 resolved as a price point.
Anyway, we'll see next week.
A pip is only worth it if you know how much you risked to earn it
  • #5,012
  • Sep 13, 2013 10:56am Sep 13, 2013 10:56am
Quoting oconnor365
Hi Folks I've been following this thread from the start and its sad to see it slowly dying. I was just wondering if any of the original contributors are trading any particular aspect of dissim with success ? Eurusdd gave us many different ways of trading it (ci , zz/100stoch , zones , stoch values etc) and while I was having good success myself trading zz/100/0 I went into heavy DD when eu fell of the edge a couple of weeks ago. Vladys doing tremendous work on zone trading and was having really good success until he went into big DD recently and...
I'm working with/on this (http://www.forexfactory.com/showthread.php?p=6789957#post6789957) and this (http://www.forexfactory.com/showthread.php?p=6893955#post6893955). I've experimented with and developed both further and applied them to my existing ideas.
Even if you fall on your face, you're still moving forward.
  • #5,013
  • Sep 13, 2013 10:58am Sep 13, 2013 10:58am
Quoting Ralome
{quote} I'm working with/on this (http://www.forexfactory.com/showthread.php?p=6789957#post6789957) and this (http://www.forexfactory.com/showthread.php?p=6893955#post6893955). I've experimented with and developed both further and applied them to my existing ideas.
Looking forward to testing it!
A pip is only worth it if you know how much you risked to earn it
  • #5,014
  • Sep 13, 2013 1:15pm Sep 13, 2013 1:15pm
Quoting Ralome
{quote} I'm working with/on this (http://www.forexfactory.com/showthread.php?p=6789957#post6789957) and this (http://www.forexfactory.com/showthread.php?p=6893955#post6893955). I've experimented with and developed both further and applied them to my existing ideas.
Hi Ralome..Thnks for your reply...I remember both posts and while the first one intrigued me I could not get my head around the way to tade it..was stoch to come down following price or what?...the second one from Juhanimi seemed more clear cut though I couldn't get my charts to look like his..I know his stoch settings were 3 ,1, 1 and 10,1 ,1 ..but what settings were the zigzag?. It certainly seemed to be a lot safer way to trade by going with the trend alright.What settings are you using yourself?

Cheers
T
  • #5,015
  • Sep 13, 2013 3:53pm Sep 13, 2013 3:53pm
Quoting vlady1974
{quote} Looking forward to testing it!
It's still incomplete and I won't discuss it like that
Even if you fall on your face, you're still moving forward.
  • #5,016
  • Sep 13, 2013 3:58pm Sep 13, 2013 3:58pm
Quoting Ralome
{quote} It's still incomplete and I won't discuss it like that
Hehe.. no worries dude!
A pip is only worth it if you know how much you risked to earn it
  • #5,017
  • Sep 13, 2013 4:51pm Sep 13, 2013 4:51pm
Quoting oconnor365
Hi Folks I've been following this thread from the start and its sad to see it slowly dying. I was just wondering if any of the original contributors are trading any particular aspect of dissim with success ? Eurusdd gave us many different ways of trading it (ci , zz/100stoch , zones , stoch values etc) and while I was having good success myself trading zz/100/0 I went into heavy DD when eu fell of the edge a couple of weeks ago. Vladys doing tremendous work on zone trading and was having really good success until he went into big DD recently and...
Hi OConnor, Yes i am still intrigued by dissimilarity but are on a different path combining it with another trading method. My fight indicator is based on dissim between 1ma and several stoch values. Its purple on my image. If its 5 or above I know a reversal could be due, if there are just blue spots then the trend may continue. Fight repaints till the end of any bar which gives me a warning of unusual trading if it flashes up to over 5 and I may exit a trade. You can see the great backtest results but they are a bit misleading and I am still trying to work out how to trade it. safely.
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  • #5,018
  • Edited 7:53pm Sep 13, 2013 7:11pm | Edited 7:53pm
Quoting oconnor365
I was just wondering if any of the original contributors are trading any particular aspect of dissim with success ?
I haven't checked this thread in over a month. Too busy trading and making money. I have spectacular results using the CI method from the start of the thread. I developed an EA I use for trading the 1 minute time frame using small lots so I don't need to monitor it much. For larger trades I manually trade on constant range bars (similar to Renko bars but better in my opinion). Basically you put the CI indicator on one TF with different settings. Once you get a signal on the more conservative CI you wait for the next signal in the same direction on the more aggressive CI. The key is you must see a signal in the opposite direction on the aggressive CI before the confirming signal in the original direction. I will attach a trade I took yesterday.

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Here is a strategy tester report of the EA. Sorry I will not post anything from live account so don't even bother asking. Live results almost as good as tester though. So it proves this system works great.

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Attached File(s)
File Type: pdf StrategyTester 1.pdf   83 KB | 1,220 downloads


Here is CI I use plus template.
Attached File(s)
File Type: mq4 Cycle Identifier wHistory.mq4   29 KB | 1,395 downloads

Attached File(s)
File Type: tpl black hole.tpl   3 KB | 1,123 downloads
  • #5,019
  • Sep 13, 2013 10:20pm Sep 13, 2013 10:20pm
Quoting taypot
{quote} Hi OConnor, Yes i am still intrigued by dissimilarity but are on a different path combining it with another trading method. My fight indicator is based on dissim between 1ma and several stoch values. Its purple on my image. If its 5 or above I know a reversal could be due, if there are just blue spots then the trend may continue. Fight repaints till the end of any bar which gives me a warning of unusual trading if it flashes up to over 5 and I may exit a trade. You can see the great backtest results but they are a bit misleading and I am...
Taypo
Does the blue rectangles that you drawn appear on lower timeframe?
  • #5,020
  • Sep 13, 2013 10:22pm Sep 13, 2013 10:22pm
Quoting oconnor365
Hi Folks I've been following this thread from the start and its sad to see it slowly dying. I was just wondering if any of the original contributors are trading any particular aspect of dissim with success ? Eurusdd gave us many different ways of trading it (ci , zz/100stoch , zones , stoch values etc) and while I was having good success myself trading zz/100/0 I went into heavy DD when eu fell of the edge a couple of weeks ago. Vladys doing tremendous work on zone trading and was having really good success until he went into big DD recently and...
hi o'conner what time frame are you normally trading off ?

Try using lower time frame it might help with all the HFT going on now even 15mins chart has a certain amount of risk.

read some where on books anyway it says short time frames with many trades is more profitable then one trade that last for days

it maybe less gains on each trade but it's worth it losses will some how be capped too.
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