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New profitable System - Sidus

  • #21
  • Jun 29, 2006 5:22pm Jun 29, 2006 5:22pm
Thanks for posting your system Sidus. I look forward in trying it.
  • #22
  • Jun 29, 2006 7:24pm Jun 29, 2006 7:24pm
Quoting johng75
Thanks for posting your system Sidus. I look forward in trying it.
yes thanks alot i plan to look at it also
  • #23
  • Jun 30, 2006 1:28am Jun 30, 2006 1:28am
Sidus,

Thanks a lot, I like it because it's simple (although I'm already working on making it complicated ).

Time will tell if I stick to it for longer, so far I'm trying it on a few pairs. There were a couple of signals today.

Dane
  • #24
  • Jun 30, 2006 5:29am Jun 30, 2006 5:29am
Hi Sidus,

nice and interesting system. Would it be suitable for trading on an EA?
Anybody experimenting with this system on an EA?

Thanks,



Quoting great*dane
Sidus,

Thanks a lot, I like it because it's simple (although I'm already working on making it complicated ).

Time will tell if I stick to it for longer, so far I'm trying it on a few pairs. There were a couple of signals today.

Dane
  • #25
  • Jun 30, 2006 7:04am Jun 30, 2006 7:04am
Sidus,

I think your stop loss at 10-15 pips is way to close to the opening price for the 1 hour time frame. I would recommend you to test your system with 30-40 pips.

Pablo
Pablo
  • #26
  • Edited 10:39am Jun 30, 2006 10:12am | Edited 10:39am
I'm not sure you can backtest a system like this. When you look back over the charts, you'll see several crosses that appear to be entry and exit points. These crosses followed through to some degree and usually produce winning trades. What you won't see, however, is when a cross occurred, then quickly reversed. When you look back on this event, it will not show that the lines ever crossed at all. When backtesting, you will not record this as an entry because you will not see a cross.

I'm not saying that this isn't a good system with a lot of potential. I'm just wondering if there is a way to accurately backtest it.

Anyway, I appreciate all the info on this thread. If I'm wrong, please don't hesitate to tell me.
  • #27
  • Jun 30, 2006 10:36am Jun 30, 2006 10:36am
Hi Sidus,


can you explain more precise exit strategy.


Thanks.
  • #28
  • Jul 1, 2006 12:47am Jul 1, 2006 12:47am
Quoting Sidus
Yes, that's true. In a trend this is great. But the best results is when you get a counter trend. The crossovers often show an indication of trendreversal. But in ranging markets it wil just keep bouncing around.
That's the only part of the system that is not mechanical. You have to 'feel' if it is going to bounce. If the crossovers are 'stronger' and 'sharper' then it is more likely that it is not going to bounce!
Great work Sidus ,Kind of reminds me of the alligator Bill Williams introduced in his work Cahos... wat he recommended to do in the above mention was to enter the market on adulation and candle exhaustion ... you might want to read up on it maybe it will help in refining wat you are working on just my two sense. Hope it helps .....
  • #29
  • Jul 1, 2006 1:30am Jul 1, 2006 1:30am
Quoting Sidus
Good news to you all,

I'm succesfully (manually) backtesting my own system called 'The Sidus Method'.
In essence it is a combination between BGX and Vegas Tunnels.
I get great results with it.

You can find the pdf for downloading attached!
Please test it and send me your opions!
Thanks


Sidus
Sidus,
I have taken just a cursory look at your method and it looks like these crossovers capture some momentum trades. But like all methods that use lagging indicators, you give up a lot at tops and bottoms.

May I suggest you look at the fib numbers from your entry point for taking profit. Depending on the volatility of the currency pair, you can move up or down from 21,34,55,89,144,233,and 377 pips. Just eyeballing your euro chart in the *.pdf, the fibs would have caught some good bottoms and tops. I wonder what optimum fib level is best for euro?

After you are out of a position, you simply wait for the next signal.

Keep learning.
Cheers.
vegas
  • #30
  • Jul 1, 2006 4:07am Jul 1, 2006 4:07am
Quoting Zach
I'm not sure you can backtest a system like this. When you look back over the charts, you'll see several crosses that appear to be entry and exit points. These crosses followed through to some degree and usually produce winning trades. What you won't see, however, is when a cross occurred, then quickly reversed. When you look back on this event, it will not show that the lines ever crossed at all. When backtesting, you will not record this as an entry because you will not see a cross.
I also noticed that... in manual backtesting you will miss some whipsaws. You would have to "replay" the chart without seeing what happened during next few bars. Although, at some point you may have enough experience to make correct predictions.

I wonder what could be used as an additional confirmation... maybe loooking at the next higher timeframe and comparing tunnel crosses with movements between fib levels, as in one of the Vegas methods? Wait, isn't this just one of the Vegas methods?...

Nonetheless, I gained a few pips testing it the last 2 days. But I lost them right away on a couple of bad Firebird trades

Happy trading,

Dane
  • #31
  • Jul 1, 2006 8:38am Jul 1, 2006 8:38am
Ah Great*Dane you testing Firebird as well eh? Phoenix -- Firebirds successor that Hendrick is working on sounds promising.

Anyhow, I saw three signals yesterday with this system and didnt take them bummer. I saw a BUY signal on the EURJPY at about the 146.04 level (and it went up to 146.40 or somewhere around there). Saw another for the USDCAD a BUY at the 1.1104 level or so (I think that one went up to 1.1170s). I also saw one on the GBPJPY chart for a BUY at about the 210.38 level and it shot up to about 211.72. I wont make it happen again. These were all on the 30 minute chart.


Quoting great*dane
I also noticed that... in manual backtesting you will miss some whipsaws. You would have to "replay" the chart without seeing what happened during next few bars. Although, at some point you may have enough experience to make correct predictions.

I wonder what could be used as an additional confirmation... maybe loooking at the next higher timeframe and comparing tunnel crosses with movements between fib levels, as in one of the Vegas methods? Wait, isn't this just one of the Vegas methods?...

Nonetheless, I gained a few pips testing it the last 2 days. But I lost them right away on a couple of bad Firebird trades

Happy trading,

Dane
  • #32
  • Jul 1, 2006 10:16am Jul 1, 2006 10:16am
This system is similar to a method that Mark McRae uses. I've included some video links to help anyone interested in getting some more insight. The first link is the one that is similar to this system, and I think it will help anyone using this method get a better insight in how to trade the method successfully. The other links will give you some breakout and divergence strategies.

www.tradeology.com/dt/t/tl14.php
www.tradeology.com/dt/t/tl15.php
www.tradeology.com/dt/t/tl17.php
www.tradeology.com/dt/t/tl18.php
www.tradeology.com/dt/t/slbo.php

The trick in forex is to have a strategy for each type of market.
  • #33
  • Jul 2, 2006 11:20am Jul 2, 2006 11:20am
Thank you guys for all your comments.

First of all I want to clear out my exit strategy.
You HAVE TO exit when the red tunnel's boundry's cross! This is THE indicator that the trend will reverse

You CAN exit when the WMA's cross. When this happens you should always pay attention. You don't have to exit if everything is still OK with the red tunnel.

As for the Fibonacci retracements. I would like to advice that you use Vegas his system om Fibo for exiting.

Please keep posting your results and comments!!!
  • #34
  • Jul 6, 2006 11:45pm Jul 6, 2006 11:45pm
Sidus,

I've been trying your method for the past couple of days. It's a very promising tool - especially in a trending market.

I'm not a coder, but this would seem to be a pretty good candidate for an EA.

Thanks for sharing.
  • #35
  • Jul 7, 2006 5:22am Jul 7, 2006 5:22am
I agree Brentmack. It would be nice to get an EA for this. Even in a ranging market once can get at least 10 pips per trade from the strategy.



Quoting brentmack
Sidus,

I've been trying your method for the past couple of days. It's a very promising tool - especially in a trending market.

I'm not a coder, but this would seem to be a pretty good candidate for an EA.

Thanks for sharing.
  • #36
  • Jul 7, 2006 6:07am Jul 7, 2006 6:07am
Quoting Yardie
I agree Brentmack. It would be nice to get an EA for this. Even in a ranging market once can get at least 10 pips per trade from the strategy.
That's true, in ranging market u should aim for 7-9 pips. It is not much, but it will prevent you from whipsaws.

As for an ea. I'm not a coder, but if somebody would like to code this in a ea, you are very welcome!
  • #37
  • Jul 7, 2006 6:10am Jul 7, 2006 6:10am
I have been testing this system in a couple of days... and it's very nice.

Got 55 pips today

Thank you very much for this system!
  • #38
  • Jul 7, 2006 10:44am Jul 7, 2006 10:44am
Ok, this is a moving average cross system. They're as common as cockroaches and they all have the same problem, which is lag on the entry, which cuts down on your profits since you miss a lot of movement and chops you up in ranging or choppy markets.

Just letting you know beforehand. I think most new traders start out with moving average crosses. Wait till you go down the rabbit hole and start looking at fibonacci confluences, market profile and auction theory, etc. The game gets a lot more interesting at that point.
  • #39
  • Jul 7, 2006 10:47am Jul 7, 2006 10:47am
Quoting Sidus
That's true, in ranging market u should aim for 7-9 pips. It is not much, but it will prevent you from whipsaws.
7-9 pips? In forex? With an MA cross? You will sign your death warrent. Please, please, PLEASE do not trade this with real money until you've been consistently profitable for six months at the least. MA crosses are seemingly simple but nothing is ever that easy.
  • #40
  • Jul 7, 2006 12:09pm Jul 7, 2006 12:09pm
If we have an EA we can test it ona demo for 6 months before using it live. Out of all the MA cross EA systems I have comew across thus fa.r, this one seems like the best.



Quoting Far From Average
7-9 pips? In forex? With an MA cross? You will sign your death warrent. Please, please, PLEASE do not trade this with real money until you've been consistently profitable for six months at the least. MA crosses are seemingly simple but nothing is ever that easy.
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