New Generation

now i get it so . i should just instert indicator and leave it the way it is dont need to input any numbers. thanks

Exactly.

Separate note:

I'll be getting into more details breaking down each currency, I have worked on, that I'm trading, I haven't done them all yet. .


The once, I've done are EUR/USD -- CHF/USD -- GBP/USD -- AUD/USD -- NZD/USD.

I'm working on USD/JPY and USD/CAD but this don't fall under 4H time frames due to the noise and choppiness that can be seen at 4H time frame -- To many false positives, I'm currently working on them on 8H Time Frames.. I have good results but its still being worked and tweaked.

what would you use for eur/usd 0.75 or another setting

0.75 +/- is good for the Euro.

I use 0.65 +/- for Eur/USD but your increase sounds accurate to your MT4.

sounds good thanks

Kilian Asked about Re-enter a Rally.

I'm going to talk about this here.

Re-Entering a Rally

To Re-enter a Rally, need to establish a full exit.

What that means is, It's almost thinking in terms of cycles even though were in a rally we need to have a close that would be the same as any other close that would indicate a completion.

Exiting and closing is different with each curruncy. Even though we have Basic entry point -- the exits tend to vary each exit for a curruncy tends to be unique.

The reason being for that we enter on a simple premise but we exit on a more complicated one. To give more anecdotal analogy cause it muses me. Its easy to go to bed with someone, but not always easy to get out eh eh!

When Dealing with Eur/usd and GBP/USD

From a statical study the draw downs tend to be deeper then on NZD/USD or USD/CHF for example.. In order for us not to get stopped out we must allocate the stoplosses further away and more as safety net as opposed to as an exit.. So instead I've developed Exits that I call either Partial Loss/Profit sometimes it can be either or..

So its an Exit that we take assuming that at the time movement has ceased and when movement ceases in a trend were in risk for a reversal so we exit by taking only partial loss so we don't endure to fall safety net fall.

So the Stop losses in those cases don't actually stop us out.. but instead protect against a move that is statistically low in probability but can still occur!

Instead we go for the Exit, and I will explain it all in a lot of detail in the upcoming lessons.

NZD/USD And AUD/USD we don't have this NZD/USD its 50 Pip stop loss loss is not horrible and statistically low and bearable. To do an Exit on it would to comprise potentially profitable trades, and that lowers the average monthly gain.

AUD/USD also statically shares the same problem only has a higher DD so in order not to get mixed into it the Stop loss had to be raised, but due to its movement I could not come up with an exit for it, so the only other thing left is getting stopped out. It typically does not bother me because AUD/USD has so far never had a losing month, if there is a loss it typically is followed by a win and it turns into B/E month doesn't mean it can't or won't happen. It hasn't in 22 months, so the pattern has not been changed.

So when it comes to NZD/USD and AUD/USD Its difficult to re-enter a rally because there is no concise exit.. So what I've came up with was that I WOULD re-enter a rally ONLY if it falls into the next month And TMA would neutralize go to 0.0 and then give a re-entry signal -- I consider this as fresh position to the roll into the new month, and statistically it has proven to work!

Now with EUR/USD -- GBP/USD -- USD/CHF -- Can re-enter rallies once we have exits, so any trade after that is considered a "new trade" So if there is 3 trades in a rally so there is 3 trades in a rally.. From February into March the euro had 4 Long signals back to back to back to back (we didn't actually make money on it, the Euro didn't carry that far.. but this were all considered "new trades")

With all of that being said, none of this is set in stone.. It could just be more problems to solve. At this point the system is profitable, but it could be more profitable it could be more efficient.

But, in order for it to operate properly it has to be kept with a mechanical standard, so things have to be "programmable" follow a path can't decide to do one thing here and then be like oh well that was yesterday and this is today any event has to be able to be replicated concisely.

Rules if you will, when this happens we move Stop here.. when that happens we execute trade.. Like gears turning, because then we can properly adept and measure it, and will know if it works or not.

No one curruncy is like the other.. Not its range, movements, probabilities or dynamics. Each curruncy is unique, has this system is problem solved mechanically to address issues and problems that come in patterns, we then quantify this patterns into statistics.

Another note about rallies.. They don't happen often and when they do happen we don't know how far or long they'll go.. When I'm talking about a rally its a one directional move from start to finish that exceeds a standard movement of a curruncy. With some currencies they come more often then with others, and are longer and more predictable.

If we look at bigger time frames such as Weeklies will see Oh yeah this thing has been rallying for the last 3 years down.. but that is not the focus of the system we focus on swing trades and look at statistical pattern re-occurrence.. So we might be in LONG term rally down, but we can still rally up.

For example.. I'll post this so everyone can see

From March 2013 till August 2013 Just an extract.

GBP/USD has rallied from 1.49 to 1.56 that's 700 pips.

In this rally there were.. 8 Short positions

4 hit TP -- One Hit SL -- One B/E and 2 closed with a partial loss.

So even in 700 pip rally UP we were able to trade both ways now even though we did have some losses each month closed Profitable! There was no losing months at all from March till August.

Brewing Possible Trade

So for those who have already downloaded and installed this indicators.

I know are doing research and anticipating so there is nothing like seeing it happen. So there is a Brewing trade on GBP/USD

The 3rd Gen MA has creeping up close to the price and Tma is Neutral -- There is a possible.. Trade to the downside that may happen in the next few days.

I use 0.33 +/-

On Account 2 Its closer to 0.41 or 0.42 +/- I would apply this settings to your MT4 for GBP/USD

Between 0.4 - 0.45 +/- for GBP/USD

Its basic entry principal. The price needs to Cross Below 3rd Gen MA then we need the candle to open and close Below and the following candle OPEN (start of the candle is the entry) afterwards if the TMA confirms same way TMA has to also close its a confirmed trade.

It would make good practice -- feel free to post it for comments and corrections.

Welcome aboard and no problem.. Once we get people who like this and use this more brain power to make it even better!

interesting stuff you post here pala seems very promising!!!
good luck and thank you for sharing.
i will demo it

Good system, I will try it.

the thing is that the indis you provide wont work on latest mt4

On my mt4 they work since he uploaded the ex files. But I would also like to take a look at the the code of the indicators. You you also attach the mql4 file? If I have time I mightl convert them to mql5.

Here is the MQl4 Files

For the system.

Brewing Trade Update

I'm still talking about entry because I want everyone to understand how to see it unfold in real time.

So the Brewing GBP/USD trade MIGHT be coming in FOR me on the Next Candle Which is 1 PM EST time.

Remember due to the brokers difference in time you can either already had or will have also a confirmation soon.

So here the price has crossed down and now is below the 3rd Gen MA So we already have our entry, BUT it is unconfirmed the TMA is past 0.33 +/- currently when I took picture was at 0.35 +/- for me on GBP/USD For you guys I believe the TMA would have to be around 0.4 - 0.45 +/- but you should try a few settings to see what's better.

So now what we are waiting for is the TMA to close which is the next candle and if TMA sustains a close AT or ABOVE 0.33 +/- Then it is confirmed trade

Sometimes you have that and what happens is it runs away like 40 pips and you feel bad because you had to wait for the entry and its 40 pips further from it was but the confirmations are important! Anticipating really hurts.

So I give an example on AUD/USD it was around 0.73 +/- I needed 0.75 +/- There was a trend and a built and I anticipated and took the trade early. I anticipated its going to close above 0.75 +/- and give me my confirmation.. It didn't it dropped 130 pips and the trade was never confirmed! TMA neutralized and that trade was a spoof.. So Anticipating is BAD instead need to wait and let it go into its proper positioning.

NZD/USD trade

1st of this month was TP was Hit.

The TP was 70 Pips.

Based on the system on Account 2 -- That is the one I use 0.35 +/- TMA

Entry was .8603

Low so far .8513

and High .8610

So was 7 pip DD
Low so far (this is still could go lower) 90 pips Poss profit.

But Once my TP is hit the trade is over and wait for next one.

AUD/USD is slowly building up a trade it takes longer to build up trades there so only get 1-2 trades per month.

Sometimes 3 rarely.

Separate note:

I'm also on Zulutrade where I run every trade on Zulutrade.. As they come in via system I put them all in.. I group them all together So its every curruncy I have running once there is a signal, I send into through Zulutrade There is a bit of slippage and price difference few pips here and there, but I try to make sure nothing major and monitor it all.

For those who have Zulutrade interested in the system want to demo it -- You can Demo it through Zulu.. If you have a live account make sure you Limit the positions or calculate your Risk:Reward at some given time there will be all currencies traded via this system by me.

My plan is to trade 20-25 currencies Via this system.

cheers friend,
thanks a mill

Hey everyone

going to do 2 posts -- Sorry for everyone bearing with me - Juggling a lot so I'm trickling information in.

First I want to do an update on GBP/USD trade.

There was a confirmed trade and its entry for me was 1.6588 Short.

I'll keep everyone posted and updated on this trade and any other trade so that you guys can see this unfold.

Settings

In this post here.. I'm going to describe 5 currencies and there settings. This is all from research and forward testing no one says anyone has to use any of it.

EUR/USD

TMA Setting.. I use 0.65 +/- Level (Reason: I needed to move TMA higher due to the lack of false trades that fell into lower TMA periods the 0.65 leaves decent enough profit potential without risking falling unto false trades)

TP is 100 pips -- I've lowered it from 110 when I created 2nd exit method (I'll discuss in future posts)

S/L is 120 pips That is a safety net (it is that far because to avoid being stopped by DD that can go UP to 120 pips and still end up in profit so for example: Drawdown can be 110 pips and then turn and hit TP it has happened multiple times)

GBP/USD

TMA Setting... I use 0.33 +/- (Reason: I've seen that with GBP/USD coming in earlier (not to early using TMA) does not fall into to many false signals setting such as 0.33 had no larger false rate then if was to raise it higher so going in with smaller TMA means getting in sooner and higher probability of profit because we enter trend earlier as opposed to later.)

TP 100 pips

S/L 155 (Reason being for stop loss so high GBP/USD can swing higher and still hit TP -- I've initially started with 120 pip SL and was taken out 6 times out of profitable trades because S/L was to low -- Raising it to a safety net of 155 reduced being stopped out by a lot and also leaves room for trades to turn around and hit profit.)

USD/CHF

TMA Settings.. I use 0.41 (I found this to be the ideal TMA setting for USD/CHF)

TP 100 pips

SL 50 pips (Reason being SL here is lower then the others is.. Research has shown that if it goes beyond 50 pips it doesn't typically come back so there was no reason to keep this safety net higher if it wont net results so lower loss and higher TP brings in more profit.)

NZD/USD

TMA Settings.. I use 0.25 or 0.35 on other account. (TMA setting here is on lower side, but has to be properly configured I find this curruncy has been quite a bit of work due to its nature of movement.

TP is 70 pips (I found that there is a bigger profit potential to take this amount of pips then going higher and I looked at higher such as 80 pips 90 and 100 and 110 and 120 and 70 pips brings in more over the long run.)

SL is 50 pips ( There is no exit like on the other 3.. So this is the Exit so if TP is not hit then SL is hit.. To do it mechanically that is the way its kept to assume an exit and say well I'll exit here cannot be studied or measured so cannot be accurate (can be done in discretion but cannot be entered into the study.) So its either TP or SL.

AUD/USD

TMA Settings.. I use 0.75 +/- (Reason for that -- We only tend to aim for the good rallies via AUD/USD and going Higher TMA tends to filter all false signals, so each rally is a real rally, and if its a loss the rally didn't have enough steam to continue going (there is no way to know how long or far each rally will go its just get in on the train and see how far you'll ride most of the time it will get to a destination.)

TP is 100 pips (Reason for that is because of the high TMA entry sometimes we already enter 150 or above pips into a rally so from research and forward testing 100 pips is the Ideal amount for this curruncy it hits the nail right on the head.)

SL is 100 pips (In order to avoid getting stopped out SL has to be 100 pips -- some trades can go into DD of 90 pips and turn around and hit TP but if 100 is crossed its most of the time point of no return Keyword most nothing is certain nor permanent a rally can re-continue at later time. )

This are things to help you configure the systems with reasoning behind it.. None of this was chosen on a whim or I said Hrm this looks good. Its been researched and tested and measured before I decided on all of this.

A really nice and helpful "feature" would be to post a screenshot of a random day of your chart for the currencies you talk about in the above post so we can match our TMA values accordingly.

Thank you for the work you are putting into this thread. I will write more during the weekend as I am busy at the moment. Do you always re adept your your rules? (You are done with a month take a look at the past 6 months and take the best settings and do this month after month after month?) Or did you decide on this values back in 2012 and you have never touched them?