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Attachments: My Market Order System
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My Market Order System

  • #421
  • Mar 2, 2014 11:20am Mar 2, 2014 11:20am
Paulus:

Thanks for the excellent work on the dashboard and the system. Could you please let us know how the system has performed by the rules that you have in place. Would love to know how this system performs on pullbacks.

Thx
  • #422
  • Mar 2, 2014 12:51pm Mar 2, 2014 12:51pm
Quoting bobhowson
There seems to be a few people who are concerned about repainting, this solution might help. Maybe if you wait for an engulfing candle in the direction you want to trade in, would be an option. Cheers ! Bob
Hi Bob and crew,
It's interesting that you mention this. I've been using engulfing price action on the Daily and 4H to great effect for the last few months, but I miss a number of large moves that don't result from those patterns. I think incorporating your method could prove very profitable. I'll post some charts of my entries and some ideas I have for how we might improve entries within your method. Thanks for all your effort in sharing this. I love simple trading, and this certainly fits the bill.
  • #423
  • Mar 2, 2014 1:07pm Mar 2, 2014 1:07pm
Quoting Paulus
Hi As requested Swaps no in Alphabetical order,recommendation by Sirwolf at a glance see what basket of swaps are trending etc etc If you try and change the none lag dot away from its 20 setting to the 144 and 233 setting the dashboard may not load I think this is because there is no data stream atm untill this evening. {file} {file}

Let me correct myself Shinwel not Sir Wolf requested the swaps in alphabetical order ..
  • #424
  • Edited 1:43pm Mar 2, 2014 1:21pm | Edited 1:43pm
Quoting joe12345
Paulus: Thanks for the excellent work on the dashboard and the system. Could you please let us know how the system has performed by the rules that you have in place. Would love to know how this system performs on pullbacks. Thx
Difficult to tell with paper results I need an EA and test it on the various time frames.
I wanted the dashboard so I could tell if its worth taking the next step and creating the EA I think it is..

the main problem I have is that when we go short .. we are by definition in part play of a 123 reversal which can destroy the trade.

How ever this pattern may be of an advantage to us which is what Im looking into now.
AS ever money management is the key here ..take 100 signals 60% strike rate with a 3;1 RR

On 100 trades

we lose 40 taking each loss as 1 pip = 40 pips loss
We win 60 at 3;1 taking each win as 1pip = 60 x 3 x1 = 180 pips wins
Overall pips won on 100 trades 140

But in the statistics of the 100 trades there is the scenario of the 1st 40 trades being losers and the last 60 trades being winners
If you belive in the system and risk 1% of account of each trade thats fine but Im trying to find out the best time frame and the best swaps.
Swaps can change but some methods work better on longer time frames ..it all takes time but the EA with back testing I think can help.I just need to make sure we build in all the paremeters we need to fully test it.

The chart below shows the 123 reversal .. what would save us is go to break even at a cetain level in the trade if the reversal appears were safe..again this needs to be built into the EA for testing
Attached Image (click to enlarge)
Click to Enlarge Name: 123.png Size: 62 KB
  • #425
  • Mar 2, 2014 1:34pm Mar 2, 2014 1:34pm
Quoting Paulus
{quote} Difficult to tell with paper results I need an EA and test it on the various time frames. I wanted the dashboard so I could tell if its worth taking the next step and creating the EA I think it is.. the main problem I have is that when we go short .. we are by definition in part play of a 123 reversal which can destroy the trade. How ever this pattern may be of an advantage to us which is what Im looking into now. AS ever money management is the key here ..take 100 signals 60% strike rate with a 3;1 RR On 100 trades we lose 40 taking each...

Stupid if you can not count.

180 - 40 = 140 , wow, you better than you show ^^

What I like to say in such threads, please trade explorer or something similar!
  • #426
  • Mar 2, 2014 1:44pm Mar 2, 2014 1:44pm
Quoting mvp77
{quote} Stupid if you can not count. 180 - 40 = 140 , wow, you better than you show ^^ What I like to say in such threads, please trade explorer or something similar!

well done I was just making sure people were switched on..you win the prize ... cough....cough

P
  • #427
  • Mar 2, 2014 1:56pm Mar 2, 2014 1:56pm
Quoting Paulus
{quote} well done I was just making sure people were switched on..you win the prize ... cough....cough P

Sorry

What have I gained?
  • #428
  • Mar 2, 2014 2:08pm Mar 2, 2014 2:08pm
Quoting bobhowson
There seems to be a few people who are concerned about repainting, this solution might help. Maybe if you wait for an engulfing candle in the direction you want to trade in, would be an option. Cheers ! Bob
Here are the entries for the engulfing system for the second half of January and February. I'll explain my entry rules in detail later if they aren't readily apparent to anyone.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdmdaily.png Size: 33 KB
  • #429
  • Mar 2, 2014 2:08pm Mar 2, 2014 2:08pm
Quoting mvp77
{quote} Sorry What have I gained?
My respect ...... haha

P
  • #430
  • Mar 2, 2014 2:30pm Mar 2, 2014 2:30pm
how about this setup on the daily chart?also its good candle that pointing to short:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 184 KB
when GOD brings you a challenge he also gives you the power to deal with it
  • #431
  • Mar 2, 2014 5:34pm Mar 2, 2014 5:34pm
took the NU short side

GL ALL
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 189 KB
when GOD brings you a challenge he also gives you the power to deal with it
  • #432
  • Mar 2, 2014 5:51pm Mar 2, 2014 5:51pm
pending sell stop order on EUR/CAD
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 186 KB
when GOD brings you a challenge he also gives you the power to deal with it
  • #433
  • Edited 6:08pm Mar 2, 2014 5:54pm | Edited 6:08pm
i found in some back test that i made on weekend that ball No2 also good for setup but only according BOB rulles.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 197 KB
when GOD brings you a challenge he also gives you the power to deal with it
  • #434
  • Mar 2, 2014 8:51pm Mar 2, 2014 8:51pm
Quoting eitan1010
took the NU short side GL ALL{image}
I like the short setup on NZDUSD, but I think that opening gap will close before we head south.
  • #435
  • Mar 3, 2014 1:05am Mar 3, 2014 1:05am
Beginning the week with a SELL STOP trade on the GBPUSD on the Daily Chart.
Let make some $$$$$$$$
Attached Image
  • #436
  • Mar 3, 2014 3:48am Mar 3, 2014 3:48am
Gap is closed @ N/U
  • #437
  • Mar 3, 2014 5:27am Mar 3, 2014 5:27am
Quoting Barefoot
{quote} Here are the entries for the engulfing system for the second half of January and February. I'll explain my entry rules in detail later if they aren't readily apparent to anyone.{image}
Please explain in full
Regards
  • #438
  • Mar 3, 2014 7:10am Mar 3, 2014 7:10am
Quoting frani60
Gap is closed @ N/U
Yup, and I'm short from 8382.
  • #439
  • Mar 3, 2014 7:14am Mar 3, 2014 7:14am
Quoting howard
{quote} Please explain in full
Hi Howard, I'll explain shortly. I have to travel today, but I'll do a write up soon.
  • #440
  • Mar 3, 2014 9:36pm Mar 3, 2014 9:36pm
Hi all , still trying different , exits with this, but h4 is way infront of dailys at the mo
dailys only up around 100 pips over three weeks, I went back to h4 0n 20 / 2 here are the results so far.
at the mo im entering on no 3 disc and exit on no 3 disc
still in front on all accounts Demo , says something for this system
regards Orid Pete
Attached Image (click to enlarge)
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