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New profitable System - Sidus

  • #41
  • Jul 7, 2006 1:44pm Jul 7, 2006 1:44pm
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.

the 7_9 pip profit is for ranging markets. My system is more a breakoutsystem, then obviuosly you should aim for 30-60 pips, maybe even more.
So when it is false alarm you just should take 7-9 pips and wait for the real breakout!!!
  • #42
  • Jul 7, 2006 1:46pm Jul 7, 2006 1:46pm
Quoting Yardie
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.
Thanks a lot. It think this is just because I use the red tunnel. This is a very great tool to determine if there will be whipsaws.
The red tunnel is the key to this succes!!
  • #43
  • Jul 7, 2006 1:51pm Jul 7, 2006 1:51pm
Yet again, today was a great day for this system!!!
The horizontal line shows when I went Long!

I made 80 pips!!!!
Attached Image
  • #44
  • Jul 7, 2006 3:37pm Jul 7, 2006 3:37pm
Yes the red tunnel is the key. If we can get that programmed into an EA we could have a winner on our hands.



Quoting Sidus
Thanks a lot. It think this is just because I use the red tunnel. This is a very great tool to determine if there will be whipsaws.
The red tunnel is the key to this succes!!
  • #45
  • Jul 7, 2006 4:17pm Jul 7, 2006 4:17pm
Sidus, your graph on post#44 does not appear to be a long postion signal.
(Blue and yellow wmas breaking through(UP) the Red tunnel).

Did i miss something?

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #46
  • Jul 7, 2006 6:57pm Jul 7, 2006 6:57pm
Quoting jarroo
Sidus, your graph on post#44 does not appear to be a long postion signal.
(Blue and yellow wmas breaking through(UP) the Red tunnel).

Did i miss something?

Jim
Jim,
Clearly you didn't look well. obviously there is a cross of the red tunnel and an cross of the wma's above the red tunnel, so that's the signal.
Look at attached chart!!!!
Attached Image
  • #47
  • Edited 9:09pm Jul 7, 2006 7:10pm | Edited 9:09pm
Quoting Sidus
Jim,
Clearly you didn't look well. obviously there is a cross of the red tunnel and an cross of the wma's above the red tunnel, so that's the signal.
Look at attached chart!!!!

So your entry was 1.2735 not 1.2731.

Correct?

Jim<!-- / message --><!-- attachments -->
Indicators show the past. Price Action "Indicates" the future.
  • #48
  • Jul 8, 2006 1:57am Jul 8, 2006 1:57am
Quoting jarroo
So your entry was 1.2735 not 1.2731.

Correct?

Jim<!-- / message --><!-- attachments -->
I was wondering what time you entered this trade? I see 2 long signals there and 1 short between them that would stop you out.

Dane
  • #49
  • Jul 8, 2006 3:37am Jul 8, 2006 3:37am
Quoting jarroo
So your entry was 1.2735 not 1.2731.

Correct?

<!-- / message --><!-- attachments --> Jim
Exactly! It was indeed confusing with the red line!
  • #50
  • Jul 8, 2006 3:39am Jul 8, 2006 3:39am
Quoting great*dane
I was wondering what time you entered this trade? I see 2 long signals there and 1 short between them that would stop you out.

Dane
I went long when the WMA's crossed the red tunnel upwards AND the red tunnel's boundry's crossed eachother.
I have to be honest, because I cheated a little bit and entered before the the red tunnel boundry cross, but you could predict that they were going to cross.
  • #51
  • Jul 8, 2006 3:41am Jul 8, 2006 3:41am
Quoting great*dane
I was wondering what time you entered this trade? I see 2 long signals there and 1 short between them that would stop you out.

Dane

It is really important that u use the red tunnel boundry's cross as your trend guideline. Only enter a trade when they cross are when they are going to cross!!!!!
  • #52
  • Jul 8, 2006 7:40am Jul 8, 2006 7:40am
so, how do you follow that sidus stratefy now. In my opinion the best time to enter is, when the ema cross occurs and the channel is crossed my wmas.
But when to exit, i very good time to enter is, when wma cross occurs, but often the trend continues then...
I am looking forward to your experiences.
Mike
I'm getting there ... slowly
  • #53
  • Jul 8, 2006 8:41am Jul 8, 2006 8:41am
Nice Sidus. You must have had put alot of effort spoting this new method of yours. I am going to try it soon on my demo account. (not ready for live trading ).

I have learn one thing today and thank to you Sidus. Keep it up!
I Love Forex Factory!
  • #54
  • Jul 8, 2006 1:23pm Jul 8, 2006 1:23pm
Hey Dane the two EMA red lines is what you should be looking at. When they cross each other its time to enter the trade. The other two lines I largely ignore because they can fake you out..but the two red lines crossing (tunner Sidus calls it) is pretty accurate especially in trending markets.

Quoting great*dane
I was wondering what time you entered this trade? I see 2 long signals there and 1 short between them that would stop you out.

Dane
  • #55
  • Jul 8, 2006 2:43pm Jul 8, 2006 2:43pm
this chart does not fit because of the annoncement. If the NFP would have been higher the cross would of been false, their- by catching alot people with their pants down..Duing annoncement times u throw all these systems out the window....They work great other wise......................




Quoting Sidus
Jim,
Clearly you didn't look well. obviously there is a cross of the red tunnel and an cross of the wma's above the red tunnel, so that's the signal.
Look at attached chart!!!!
  • #56
  • Jul 8, 2006 2:52pm Jul 8, 2006 2:52pm
Actually it was the unemployment and ISM report for this chart. Sorry, its still the same, if they would of been higher in the US favor it still would of been a false siginal...U get my drift...................................................



Quoting Sidus
Jim,
Clearly you didn't look well. obviously there is a cross of the red tunnel and an cross of the wma's above the red tunnel, so that's the signal.
Look at attached chart!!!!
  • #57
  • Jul 8, 2006 9:25pm Jul 8, 2006 9:25pm
But Alsap what about stop losses? Thats why stop losses was invented. Also if the announcement was positive for the USD then the chart would have indicated the reverse with the red and blue lines diving under the red tunner.

Quoting alsup1955
this chart does not fit because of the annoncement. If the NFP would have been higher the cross would of been false, their- by catching alot people with their pants down..Duing annoncement times u throw all these systems out the window....They work great other wise......................
  • #58
  • Jul 9, 2006 9:22am Jul 9, 2006 9:22am
Yardie, theirs to much lag time. during annoncement times these indictors can't give u the time to evaluate them..U HAVE NO IDEA WHAT THE NEWS WILL BE..So if the lines appear to be crossing the tunnel and the news is against the direction, better to not have a trade in that direction until annoncement is over. Thats why during annocnement times u want to just do a straddle. THE BOTTOM LINE IS ALL SYSTEMS LIKE THIS WORK GREAT DURING TRENDING PERIODS BUT DURING NEWS TIMES DON'T BOTHER. UR right about the stop losss but be very carefulllllllllllllllllllllllllllllllllllllllllll


Quoting Yardie
But Alsap what about stop losses? Thats why stop losses was invented. Also if the announcement was positive for the USD then the chart would have indicated the reverse with the red and blue lines diving under the red tunner.
  • #59
  • Jul 9, 2006 1:31pm Jul 9, 2006 1:31pm
Yes all indicators are worthless during news because the market move too fast. Your trading should be based on the news itself and not indicators...and the news generally have to be fresh as in a few seconds.



Quoting alsup1955
Yardie, theirs to much lag time. during annoncement times these indictors can't give u the time to evaluate them..U HAVE NO IDEA WHAT THE NEWS WILL BE..So if the lines appear to be crossing the tunnel and the news is against the direction, better to not have a trade in that direction until annoncement is over. Thats why during annocnement times u want to just do a straddle. THE BOTTOM LINE IS ALL SYSTEMS LIKE THIS WORK GREAT DURING TRENDING PERIODS BUT DURING NEWS TIMES DON'T BOTHER. UR right about the stop losss but be very carefulllllllllllllllllllllllllllllllllllllllllll
  • #60
  • Jul 9, 2006 5:15pm Jul 9, 2006 5:15pm
i recommend you put real money in to trade this system . i know it could make you money.thank you





Quoting Sidus
I'm now making the rules of my system, so that everyone can understand them, in a couple of hours I will upload them.

---> File uploades, see first post
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