My Market Order System

Hi Everyone,
I made the big mistake of being too greedy and using too big of an investment in my trades and could ride the losses.
I'm endeavouring to regain my losses, might take a week or so.....
But I'm still sticking with this system....
Cheers !
Bob

Hey bob,

Please explain your system a little bit more so that i could check that what this system have done in past!

As you said, you forgot to mention a lot of things, so what about them?

Best Regards,
PrinceWahaj

Hi Guys,
Just reposted a new pic which shows everything much better.
I Hope !
Cheers !
Bob
PS: PLEASE TRY ON DEMO ACCOUNT FIRST....

Hey Bob,

Thank you for updating the post!

Few questions, Hope you wouldn't mind to answer them.

- If immediately we exit from the trade and the dot would repainted, so would we delete our next pending order also?
- If the dot is not disappeared but not reached to the execution level in 24 hours (1 Day), so would we delete it or we will wait for the market to touch the level?

Thanks for sharing but on your 2nd picture as you said exit when the pink dot appear and you have marked as 270 pips profit. I think the red dot was appeared earlier than what you marked on your picture as the dot is repainting.

Hi mario, the red dot ( SELL Signal ) did appear earlier that's why you MUST wait for the close of that candle before entering the SELL trade. Then you place your SELL Stop Order 10 or so pips underneath the CLOSED candle.
Cheers !

Good Morning wahaj, if the trade has not executed leave your Market Order in place. Sometimes it may take a few days for the order to execute and I've NEVER known for this not to happen.
Regards,
Bob

If the dot is moved to lets say another bar high, so would we adjust our pending order according to the closing level of repainted signal bar?

Your right on the mark there, wahaj. But I've never had that happen to me so far and I've been using this system for around 6 months now.
Cheers !

Hi Bob thankyou for sharing your system,
A question please as per chart should I pull out of this trade now the pink circle has appeared?
Regards Peter

I will Try it and give you my Feed back

Hi Orid,
Yes !
I would close this trade at the CLOSE of this candle.
Then place your Stop under the PINK Dot then place your BUY Order 10 pips above the top
Also download the other Semafor and template I have on this page, it is much better.
It will give you the GREEN for BUY & RED for SELL, instead of the yellow dot.
Regards,
Bob

Another way you could trade this pair Orid after you close the trade, is place a SELL STOP ORDER under the pink indicator and wait for it to come back down which it will. I don't think it will climb that much at this stage I feel it will drop much further before it continues to resume it's up trend. It will need to hit it's pivot point first, which would be the GREEN Dot.

Thanks Bob, what "time frame" do you use?and best for this indicatr

Bob just trying to get this right .

So you dont close as soon as the new disc appears, you wait till the end of the candle which is quite a few hours away?
can the new disc dissappear in the mean time so you would leave the trade open , or can the new disc dissapear if pa reverses?
Regards Peter
ps thanks for updated semafor

Hi Bob , deleted old semafor added new one colours are the same, I can alter them manually so no big deal .
just thought id mention it incase other people had same experience.
Regards Peter
edit whoops just realized colours ok with your template , exept chocolate ones are showing which i believe you change to none.

Hey bob,

I will start visual back-testing today if time permits me.

I am currently testing EU daily chart, i hope that the results would be good.

Best Regards,
PrinceWahaj

Hi Bob

I like your ideas very much as I don't like scalping

What I'm looking at is using Heikin Ashi candles and taking a trade after the yellow dot and then a change in colour. I think you will only enter the trade a bit later than your method, but hopefully it might be a more solid signal. I took two trades a few hours ago, a long on Eur/Usd and a short on Usd/Chf, I'll let you know how things work out.

Martin

some i went in late but working well today. btw Bob im keeping the yellow because im very colourblind especially with red and green hope you dont mind
Regards Peter

Hello Bob,

Your system is performing good in 2013 type market, because the market was too much trending on EU PAIR, but only on single pair, the draw-down is too big. You would need to trade 0.01 lot for $1000 account if you want to trade 10 pairs, or you can trade with 0.1 lot for $1000 account. That is not a final MM plan, you should change it according to your need. (Just a suggestion in the light of visual draw-down)

I would like to inform you that the results are not impressive, especially in the market like 2006. Also be informed that these are the stats of EU Pair Daily Chart.

Semafor Trading - 2006

1- 9th Jan = Trade executed and reached on SL = -118
2- 25th Jan = Trade executed and closed on dot = +159
3- 28th Feb = Trade executed and closed on dot = +148
4- 21st March = Trade executed and reached on SL = -85pips
5- 6th April = Trade executed and reached on SL = -223
6- 21st April = Trade executed and reached on SL = -136
7- 9th May = Trade executed and reached on SL = -192
8- 11th May = Trade executed and reached on SL = -105
9- 15th May = Trade executed and reached on SL = -215
10- 6th June = Trade executed and closed on dot = +236
11- 26th June = Trade executed and closed on dot = +193
12- 20th July = Trade executed and closed on dot = +149
13- 9th August = Trade executed and reached on SL = -150
14- 22nd August = Trade executed and closed on dot = +82
15- 21st September = Trade executed and reached on SL = -118
16- 12th October = Trade exeucted and reached on SL = -68
17- 16th October = Trade exeucted and closed on dot = +100
18- 13th November = Trade executed and reached on sl = -97
19- 6th December = Trade executed and closed on dot = +182

Grand Total = -258pips

Semafor Trading - 2013

1 - 11th Jan: Dot Repainted to next bar and Trade not executed.
2 - 12th Jan: Sell Trade executed and reached to SL = -76pips
3 - 25th Jan: Trade not executed and Dot repainted to 29th Jan Bar.
4 - 29th Jan: Dot Repainted to next bar and Trade not executed.
5 - 30th Jan: Dot Repainted to next bar and Trade not executed.
6 - 31th Jan: Dot Repainted to next bar and Trade not executed.
7 - 1st Feb: Sell Trade Executed - Closed on Pink dot = +202pips
8 - 26th Feb: Buy Trade executed and reached to SL = -120pips
9 - 1st Mar: Trade not executed and Dot repainted to 6th March's Bar.
10 - 6th Mar: Buy Trade Executed and reached to SL on 8th March = -125pips
11 - 8th Mar: Dot Repainted to 13th March bar and Trade not executed.
12 - 13th Mar: Dot Repainted to next bar and Trade not executed.
13 - 14th March: Placed Pending Order 10 pips above on the high.
14 - 15th March: Buy Trade Executed and reached to SL = -139pips
15 - 19th March: Trade Executed and reached to SL = -144pips
16 - 27th March: Trade Executed and reached to SL = -135pips
17 - 4th April : Trade Executed and closed on dot = +123pips
18 - 17th April: Trade Executed and closed on dot = +3pips
19 - 2nd May: Trade Exeucted and closed on dot = +161pips
20 - 19th June: Trade Executed and closed on dot = +304pips
21 - 10th July: Trade Executed and closed on dot = +103pips
22 - 8th August: Trade Executed and reached on SL = -98pips
23 - 20th August: Trade Executed and closed on dot = +91pips
24 - 9th September: Trade Executed and closed on dot = +321pips
25 - 23rd September: Trade Executed and reached on SL = -96pips
26 - 2nd October: Trade Executed and reached on SL = -92pips
27 - 4th October: Trade Executed and closed on dot = +34pips
28 - 29th October: Trade Executed and Closed on dot = +251pips
29 - 18th November: Trade Executed and closed on dot = +40pips
30 - 2nd Jan2014 : Trade Exeucted and closed on dot = +88pips

Grand Total: 696 pips

I hope that helps you and others.

Best Regards,
PrinceWahaj