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Attachments: My Market Order System
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My Market Order System

  • #1
  • First Post: Edited Jan 10, 2014 7:48pm Jan 6, 2014 12:22am | Edited Jan 10, 2014 7:48pm

Here is my system my friends all want to get their hands on.

I call it My Market Order System and it's just that.

It's been making me profits for some time and I hope it does the same for you.

This is what you need:

1) 3 Level ZZ Semafor Indicator... That's It !

THE RULES FOR UP TREND

1) Only Trade The Daily Charts

2) Ensure You Have A Nice Trend

3) ALL TRADES ARE MARKET ORDERS

4) Place Your STOP LOSS UNDER The GREEN DOT After It Closes

5) Place Your BUY STOP ORDER10 Pips Or So Above The GREEN DOT

6) Keep Moving Your Stop UP Every 50 or So Pips

7) Close The Trade When A PINK or RED DOT Appears.

That's It !



Attached Image(s) (click to enlarge)
Click to Enlarge Name: buy semafor.png Size: 39 KB
Click to Enlarge Name: sell semafor.png Size: 39 KB
Attached File(s)
File Type: ex4 000_3_Level_ZZ_Semafor_TRO_MODIFIED_VERSION.ex4   10 KB | 7,210 downloads
File Type: tpl semafor trading.tpl   11 KB | 4,657 downloads | Uploaded Jan 10, 2014 7:47pm
  • #2
  • Jan 6, 2014 12:50am Jan 6, 2014 12:50am
Thanks Bob for sharing this. But how do you ensure a nice trending market? Do you use moving average to do that?
  • #3
  • Jan 6, 2014 2:06am Jan 6, 2014 2:06am
To check to see which way the market is trending...
eg: BULLISH MARKET:
Open you 4H Chart and see if it making it's way up.
Do the same on the Daily and to confirm check the Weekly Chart too.
If they are all trending upwards this would be an UP TREND....
The chart above is a UP TREND...
If it is a DOWN TREND just look for the opposite signs..
  • #4
  • Jan 6, 2014 3:38am Jan 6, 2014 3:38am
Hi Thanks for your system, looks interesting, but i'm a bit confused as your chart shows you using the pink dots for trading but your explanation talks about the yellow dots. Would be good if you could show some more examples

many thanks

Martin
  • #5
  • Jan 6, 2014 4:50am Jan 6, 2014 4:50am
does this repaint ?
Take what the market gives you.
  • #6
  • Jan 6, 2014 5:28am Jan 6, 2014 5:28am
Quoting Tiggrrr
does this repaint ?
On lower timeframes it normally repaints.....but I doubt it would do so on daily!
  • #7
  • Jan 6, 2014 5:44am Jan 6, 2014 5:44am
Hi ukmartini I do use the PINK & YELLOW markers the YELLOW or #3 are the stronger indication of the next move.
I suppose it can repaint that's why I use Market Orders. That way if it does reverse there is no loss because the trade would not have been triggered.

Another way you could use it is wait for an Engulfing candle in the opposite direction after the pink or yellow marker.
Best idea is test it on a demo account till you fine tune it to your own liking.
Cheers !
  • #8
  • Jan 6, 2014 5:58am Jan 6, 2014 5:58am
Hi Bob
Thanks for the clarification, I'll be giving it a go on demo

Martin
  • #9
  • Jan 6, 2014 6:22am Jan 6, 2014 6:22am
Mr Bobhowson, as I write this there is a pink zemafor on the Audjpy DAILY...for clarification...how would we trade this?
  • #10
  • Jan 6, 2014 8:59am Jan 6, 2014 8:59am
Quoting bobhowson
To check to see which way the market is trending... eg: BULLISH MARKET: Open you 4H Chart and see if it making it's way up. Do the same on the Daily and to confirm check the Weekly Chart too. If they are all trending upwards this would be an UP TREND.... The chart above is a UP TREND... If it is a DOWN TREND just look for the opposite signs..
Thanks
  • #11
  • Jan 6, 2014 9:02am Jan 6, 2014 9:02am
Quoting Tiggrrr
does this repaint ?
The 3 level ZZ repaint??

Nope.

Works exactly as it was designed........ does it move on a new HH/LL... yep.
  • #12
  • Jan 6, 2014 9:08am Jan 6, 2014 9:08am
Quoting moodybot
{quote} The 3 level ZZ repaint?? Nope. Works exactly as it was designed........ does it move on a new HH/LL... yep.


But Bob said it repaints
  • #13
  • Jan 6, 2014 12:51pm Jan 6, 2014 12:51pm
Quoting aje6767
{quote} But Bob said it repaints
It moves with the market, which it's designed to do... some call it repainting.... excellent indicator, can be a bit heavy on the cpu with multiple charts.
  • #14
  • Jan 6, 2014 2:12pm Jan 6, 2014 2:12pm
There is a couple of things I forgot to mention ...
I NEVER trade on a sideways trend...such as the AUDJPY at the moment.
Also if you download the Semafor it may show a light brown indicator, change this to BLACK, so it dows not show on your chart background.
Cheers !
  • #15
  • Jan 6, 2014 2:31pm Jan 6, 2014 2:31pm
Hey bob,

Do you trade the same system in your trade explorer?

If yes, then i must say, its very interesting!

Best Regards,
PrinceWahaj
  • #16
  • Jan 7, 2014 9:09pm Jan 7, 2014 9:09pm
hi master bobhowson, iam happy to see you.. i like your indicator but iam not understand yet haw to OP buy or sell.. would you like to give me example haw do you trade? thanks
  • #17
  • Jan 8, 2014 5:02am Jan 8, 2014 5:02am
Hi Bob Howson. Your Trade Explorer results look impressive but looking closer your average losing trade is -16%. Is this your normal account risk? If it is then do you think it will get a margin call fairly soon?
Gone to a better place
  • #18
  • Edited 9:25am Jan 8, 2014 8:48am | Edited 9:25am
Hello guy's,

i'm bit confusing to this system, it's first time for me to using buy stop so i have to understand what have to do, any advice or link where i can get that information without bother you ?
About know nice trend Bob can you give to us and immage with example ? Or explain it well ?


Take care, best regards
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #19
  • Jan 9, 2014 12:57pm Jan 9, 2014 12:57pm
Quoting smikester
Hi Bob Howson. Your Trade Explorer results look impressive but looking closer your average losing trade is -16%. Is this your normal account risk? If it is then do you think it will get a margin call fairly soon?
impressive indeed....but i second your opinion: trading daily charts (as the thread starter said) and using such high leverage that 10 pips mean 10% of account.....there is only one way it can go.

and by the fact that TE has gone...i think it has already happend
  • #20
  • Jan 10, 2014 4:10am Jan 10, 2014 4:10am
Guys,

I think, Bob got stopped out in his account and that is why, his trade explorer is detached, as i remember, there was -76% return and the trade were still running.

By the way, Its not a good system in my view because of largest draw-down, I would stay away from these kinds of systems, but maybe, thread starter have done some mistakes in his account and maybe you lose his account because of mistake, Just wondering and waiting for the thread starter to explain.

Best Regards,
PrinceWahaj
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