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My Market Order System

  • #81
  • Jan 16, 2014 4:15am Jan 16, 2014 4:15am
Quoting Hyperfire
Goodmorning to all ! I've got a bad result yesterday night, let's see what happend during morning session. Always take care !
I think that you could help by using moving averages to understand the trend and be very careful when you go against it. I personally use three exponential moving averages 21-100-200 and a Strength Currency meter

regards
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  • #82
  • Jan 16, 2014 4:48am Jan 16, 2014 4:48am
Quoting marred
{quote} I think that you could help by using moving averages to understand the trend and be very careful when you go against it. I personally use three exponential moving averages 21-100-200 and a Strength Currency meter regards {image}
Hello Marred,

Thank's for you reply and tips right now i just using TDI and Stocastic for helping to find right way, but i still have some problem.
I'm gonna to to sent the 3 exponential ma (all 3 in open?) like you, thank's again for the tips, i let you know if work for me.

Take care.
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #83
  • Jan 16, 2014 4:52am Jan 16, 2014 4:52am
I think thats good advice Marred

Are you trading this system?

Martin
  • #84
  • Jan 16, 2014 4:56am Jan 16, 2014 4:56am
Quoting Hyperfire
Goodmorning to all ! I've got a bad result yesterday night, let's see what happend during morning session. Always take care !
Hello Hyperfire,

Please don't take my words personal, i don't meant to hijack the thread. The system can be improved BUT!

That is the reality of these kinds of system, Believe it or not, the draw-down is too big and without good MM plan or even weak MM plan, system can destroy full account, just like the year 2006 and 2007.

I was also wondered when the thread starter posted his idea, then i cross checked each and every signal. Ofcourse past performance has nothing to do with future performance but still, it has some relation and it is the only way to know that if the system can be profitable in long run or not.

I like the suggestion of Marred, we should not only rely on Semafor indicator because it will keep repaint the bars when there is a new high. If you need a non-repainting version, just let me know and i will be happy to post here, but for now, i don't want to disappoint the thread starter.

Candlestick patterns can help us in understanding that if there can be a reversal or market will continue to move in one direction.

I am not saying that just try and blow your account, i am just warning you guys because it can be done any time with you.

Best Regards and Wish you a lot of green pips.
PrinceWahaj
  • #85
  • Jan 16, 2014 5:10am Jan 16, 2014 5:10am
Quoting wahaj
{quote} Hello Hyperfire, Please don't take my words personal, i don't meant to hijack the thread. The system can be improved BUT! That is the reality of these kinds of system, Believe it or not, the draw-down is too big and without good MM plan or even weak MM plan, system can destroy full account, just like the year 2006 and 2007. I was also wondered when the thread starter posted his idea, then i cross checked each and every signal. Ofcourse past performance has nothing to do with future performance but still, it has some relation and it is the...
Hello Wahaj,

Thank's for your word, i know semafor traing have a big problem with repaint, and can be a problem !
I'm off lunch is ready ! See you later guy's !
Don't be delicated, be vast and brilliant ! [Brent Smith]
  • #86
  • Jan 16, 2014 5:21am Jan 16, 2014 5:21am
Quoting ukmartin
I think thats good advice Marred Are you trading this system? Martin
Hi Ukmartin,

I started a few days ago and it seems a good system. The daily time frame is good to avoid false signals but you should always be very careful when we move against the trend. We can also use the correlations to ensure that the price goes in the desired direction

This website can help you with correlations http://www.investing.com/forex-tools...ion-calculator
  • #87
  • Jan 16, 2014 9:03am Jan 16, 2014 9:03am
Hi Bob , please let me know if its ok to post these results, as I am entering on the bottom of the dot instead of candle , with remarkable results so far.
seems less risk regarding SL as well .
as you see on this chart I would only just be entering if it was on candle , yet trade is already up45 pips, I will keep trading this way and post the results if you dont mind?
Regards Peter
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  • #88
  • Jan 16, 2014 9:38am Jan 16, 2014 9:38am
Well done Orid

It does seem a risky idea, but you seem to be doing well, how many trades have you taken and have they all been winners.

Are you only entering in the direction of the trend, or either way?

Martin
  • #89
  • Jan 16, 2014 10:06am Jan 16, 2014 10:06am
Quoting orid
Hi Bob , please let me know if its ok to post these results, as I am entering on the bottom of the dot instead of candle , with remarkable results so far. seems less risk regarding SL as well . as you see on this chart I would only just be entering if it was on candle , yet trade is already up45 pips, I will keep trading this way and post the results if you dont mind? Regards Peter {image}
That's great your doing well Pete, so post away. I've also change to that idea after you told me what you were doing.
Great job !
  • #90
  • Jan 16, 2014 12:25pm Jan 16, 2014 12:25pm
Hi guys. Allow me to add my 2 cents to how I trade the semafors. I use 4 timeframes. 15M 1H 4H and D. For buy signals I look for a strong green semafor forming on the 4H or D charts. I like to line up the semafor with a support level. I look for a semafor to appear on the 15M chart and I buy at the close of that semafor candle on the 15M chart. I set my stop below the 15M semafor candle. Its usually about a 10-20 pip stop. This has a LOT less drawdown. If the semafor on the 15M chart holds and price moves up, I move my stop to break even when a red semafor appears. I continue to do this until the 4H or D Semafor candle holds.

Exiting is a little different. I don't use the semafors to exit as I like to cut my losers short and let my winners run. semafors repaint so I set a target and put a takeprofit there. I like to raise my stop as it moves up...I do this with price action.
  • #91
  • Jan 16, 2014 9:53pm Jan 16, 2014 9:53pm
Quoting ukmartin
Well done Orid It does seem a risky idea, but you seem to be doing well, how many trades have you taken and have they all been winners. Are you only entering in the direction of the trend, or either way? Martin

Hi Martin , im from uk also west midlands moved to aus 34 yrs ago.
any way I gave up on ,"the trend is your friend" (now you think im crazy heh?) unless very strong.even so the one im in now i posted is looking good
being fairly new may I ask why you think its more risky/ I thought less risky as stop loss is much less and is a fixed amount,
and i try to enter at least 20 pips after the dot so a little momentum
My results are remarkable to say the least but early days maybe after 6 months may be better indication . or at least 6 weeks .
13 trades but very messy as ive been trying different things instead of sticking to bobs rules
eg at least 5 have hit a trailing stop or a BE +5
One trade au us put on by mistake on H4 which i closed at - 20 ( went on to win and stiil going )
1 other is on last post gb/ us also entered by mistake on H4 doh - 26 at mo but i think will come good
the thing is most of the trades have gone on if id stuck to bobs rule of 50 pip stops.
Ive also tried quite a few of the other systems here very intensely on ff and never had such promising results .from the start
Regards Peter
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Regards Peter
  • #92
  • Jan 16, 2014 10:11pm Jan 16, 2014 10:11pm
Some advice here please guys ,
I think if im gonna post my results I should keep to most of Bobs rules , 50 pip stops, close on new disc ,and stick to the enter on disc + 20 pips (not in BOBS rules)
bare chart , + semafor
no ma or resistance levels.
really simple
With bobs permission of course
any suggestions appreciated?

if good after next week ill go on my live account.
Regards Peter
  • #93
  • Jan 16, 2014 11:25pm Jan 16, 2014 11:25pm
Quoting ukmartin
Well done Orid It does seem a risky idea, but you seem to be doing well, how many trades have you taken and have they all been winners. Are you only entering in the direction of the trend, or either way? Martin

sent you a PM martin
  • #94
  • Jan 17, 2014 1:16am Jan 17, 2014 1:16am
Hi Peter

West Midlands to Australia, I know which one I would prefer, and it's not here lol

The reason I thought it was risky to enter so soon is because the change if direction isn't really confirmed and the dot can repaint, but I must say that so far I haven;t seen the daily big dot repaint yet, don't know if anyone else has?

Martin
  • #95
  • Jan 17, 2014 3:53am Jan 17, 2014 3:53am
Quoting ukmartin
Hi Peter West Midlands to Australia, I know which one I would prefer, and it's not here lol The reason I thought it was risky to enter so soon is because the change if direction isn't really confirmed and the dot can repaint, but I must say that so far I haven;t seen the daily big dot repaint yet, don't know if anyone else has? Martin
thanks Martin .
hi Shiner 452 how succesful are you with your method please?
well the GB/US mistaken entry came good have to rename myself mr lucky?
just placed the 50 pip stops
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regards peter
  • #96
  • Jan 17, 2014 4:06am Jan 17, 2014 4:06am
Quoting ukmartin
but I must say that so far I haven;t seen the daily big dot repaint yet, don't know if anyone else has? Martin
Yes the 3 semafor will repaint if price carries on. I saw it repaint twice on UsdCad, the 3 semafor appeared 2 bars back. I adjusted the sell stop order each day.

Also, here is an interesting one for you on AudUsd, my sell stop was triggered under the 2 semafor, trailing stop and a 3 semafor appeared 3 days later so I have a buy stop order in place, if it does not trigger today I will adjust it to the moving semafor.
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  • #97
  • Jan 17, 2014 4:18am Jan 17, 2014 4:18am
Quoting normtold
{quote} Yes the 3 semafor will repaint if price carries on. I saw it repaint twice on UsdCad, the 3 semafor appeared 2 bars back. I adjusted the sell stop order each day. Also, here is an interesting one for you on AudUsd, my sell stop was triggered under the 2 semafor, trailing stop and a 3 semafor appeared 3 days later so I have a buy stop order in place, if it does not trigger today I will adjust it to the moving semafor. {image} {image}
showing my inexperience here. but
Why is it such a big deal with some people because an indicator repaints ? not you norm .
I really think its an advantage in some cases , at least a repainting indi is being honest by saying look i was wrong price, isnt reversing here after all but may reverse further up here , ahem if you know what I mean.
where as a non repainting indi will say enter here and thats the end of it .
now to get my butt kicked by you nice people.
Peter
  • #98
  • Jan 17, 2014 4:21am Jan 17, 2014 4:21am
Hi Norm

Personally I wouldn't enter on a level 2 signal (pink) as they are not as strong. I am in a long on Aud/Usd from yesterday, I thought it might repaint a few minutes ago, but it held, so it might go up now.

Martin
  • #99
  • Jan 17, 2014 5:42am Jan 17, 2014 5:42am
Quoting fh_emon
Hi bobhowson, I saw in H1 for NZUSD. Right now here is an Head and Shoulder Pattern. So, as per you assumption market go SELL. Can I send you that image? Best Fuad

Sir Bob,
Our NZUSD tp hip today.. yeah!!!

Time to cheers!

Best
Fuad
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  • #100
  • Jan 17, 2014 5:42am Jan 17, 2014 5:42am
Quoting orid
{quote} showing my inexperience here. but Why is it such a big deal with some people because an indicator repaints ? not you norm . I really think its an advantage in some cases , at least a repainting indi is being honest by saying look i was wrong price, isnt reversing here after all but may reverse further up here , ahem if you know what I mean. where as a non repainting indi will say enter here and thats the end of it . now to get my butt kicked by you nice people. Peter
The way I figure it is, if you place your BUY STOP ORDER above a GREEN Dot which is a BUY signal.
If it repaints the trade would not be triggered. So all you would need to do is readjust your entries.
For example in the current AUDUSD pair at the moment.
With this system patience is very important, remember :nerd:
Also I don't mind if we all can improve on this system so do a bit of experimenting. I would love to read the different ways you trade with it.
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