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No Bells & Whistles, systems discussion

  • #1
  • First Post: Apr 3, 2014 3:29pm Apr 3, 2014 3:29pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts

No Bells & Whistles

Attached Image


Welcome to no Bells & Whistles, this thread is for discussing different systems and how we trade them and sharing info, tools and indicators... not to over simplify but once you can ride a bike you can ride almost any bike, the same goes for trading, but you need to know how to trade before jumping from system to system and the same goes if you want to constantly trade one system and be profitable.

I have no grand claims about my success I still fly commercial and have no magic Indicators like the title says No Bells & Whistles!

This thread is also out of respect for members who have posted systems with clear rules and don't want to add to their system they are not there to teach people how to trade just share with people who have some experience and that's good.

The other reason is to help new traders who are overwhelmed and just don't have the time to read 20,000 post to know what template to use or why the indicators look different, here you can just ask and if somebody knows they can answer or I will try to answer when it's not above my pay grade we will always be moving ahead it's just a discussion no reason to read back.

If you have been trading 10 Years or 10 Minutes is does not make a difference your Welcome here!

We will examine one system at a time go over the rules then trade it and share or findings, we will go over what happens in the traders mind before the system even comes in to play.

You don't just sit down and wait for a signal.

An example would be a check list:

1-Make sure theirs is enough coffee.
2-Go over calendar for the session I am trading.
3-Chose currency and look at PA & HTF trends.(will go over this later)
4-Set up charts on trading time frames and go over them waiting to cross my start line.

Well that's it I have my 1st system picked to start with and here we go!

Paul,
1st System zip. VTS_MATRIX v.1 (Starts on Post 2 Ends on post )
Attached File(s)
File Type: rar VTS MATRIXv.1.rar   149 KB | 588 downloads

Attached File(s)
File Type: zip VTS MATRIXv.1.zip   80 KB | 607 downloads


PS: I will post all systems & zips on this post it's the only one I can keep editing.

Of all the things I've lost I miss my mind the most .
  • #2
  • Edited 4:23pm Apr 3, 2014 3:41pm | Edited 4:23pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
1st System Discussed GMTS http://www.forexfactory.com/showthread.php?t=373796

Now this is a guy who was clear about not wanting to teach or hold hands he even has a link to baby Pips so people could learn the basics and come back and post charts according to the system, he wanted to keep it clean for new people learning it I think he gave up for good this time I don't know but wish him luck in the future.

Same Basic Rules:
Trade only from The Frankfurt market open, which is 1 hour before London open until approximately 3 or 4 hours after New York open.

“Example of a trade going Short!”

  1. The Matrix is all the same color (Red) after the current candle is closed.
  2. Stochastic if falling from a recent overbought state.
  3. A Bear candle has opened under the Yellow 5 EMA.
  4. The Arrow does not always show right away because in a sudden PA reversal it may be late but if an arrow doesn’t arrive within the next couple of candles, become concerned!!
    “Opposite for a trade going Long!”

5. The exit is always harder than the entry because we want to stay in the trade for as long as it runs but we don’t know where the run will end! So generally speaking, We will exit at a support/resistance line. This could be a pivot line, a previous high/low area, a round number etc...

Stop Loss for shorts goes above the previous swing high, and for longs, below the previous swing low. Having said that, the Stop Loss is not there for you to sit and watch get hit if the PA turns around. It's there as emergency protection. The idea is that you recognize that the PA has turned and you need to manually exit the trade and consider entering the opposite way.

(All credits go to: RJ & team.)


My template for the test is on the first post VTS_MATRIX v.1
(The stochastic are already set for multiple time frames, so only1 template is used.)

Attached Image (click to enlarge)
Click to Enlarge Name: VTS_MATRIX_FD_v.1.png Size: 233 KB

People can customize the template any way they want as long as they give it a different name then GMTS. I like the original Matrix Indicator and will be using it on some templates.
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These Indicators have been around for a long time it's nothing new but I like the way they are combined and give credit where credit is due.

It' 5 hours passed my trading time here on a Thursday so I will see If anybody is interested by the weekend and start trading it Monday have a good day.
Paul,
Of all the things I've lost I miss my mind the most .
  • #3
  • Apr 3, 2014 5:53pm Apr 3, 2014 5:53pm
Discussing every trade concept that works on customized indicators, is the exact, polar opposite of "No Bells and Whistles".

Just saying, is all...

Maybe you would like to change the thread title to, "All Bells and Whistles"?
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #4
  • Apr 3, 2014 6:29pm Apr 3, 2014 6:29pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Magix
Discussing every trade concept that works on customized indicators, is the exact, polar opposite of "No Bells and Whistles". Just saying, is all... Maybe you would like to change the thread title to, "All Bells and Whistles"?
Hi, thank you for sharing I realize we don't all speak the same language and a lot can get lost in translation that's one of the reasons I don't mind people asking the same questions over and over, repetition is the master of all skills.

As far as Bells & Whistles that's what most systems are it's the whole point for this thread, that's why I said how we trade them and we will go over what happens in the traders mind before the system even comes in to play.

That's what I want to talk about and for this we need a template to work with.

As far as indicators I mentioned there was nothing new about them I even said, You don't just sit down and wait for a signal.

I say this with respect and hope you will check back and see what it's all about.

Paul
Of all the things I've lost I miss my mind the most .
  • #5
  • Apr 3, 2014 8:07pm Apr 3, 2014 8:07pm
Quoting Mr C
{quote} As far as indicators I mentioned there was nothing new about them I even said, You don't just sit down and wait for a signal. Paul
Paul,

You are simply re-hashing other peoples shit.

You are working with all of their bells and whistles.

I am not saying it's a bad thing, just saying that if you want to work without the bells and whistles, this is naked trading....you are the absolute opposite of that.

I wish you well, but until you know what the fuck you are talking about, it best you actually learn what you are talking about.

Otherwise, you come off as purposely deceptive or negligent.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #6
  • Apr 3, 2014 8:21pm Apr 3, 2014 8:21pm
Quoting srt
{quote} Yes, the threads that are started on one particular style usually get cluttered with bits & pieces of 50 styles. This thread is going to combine the clutter from multiple styles from the start. Clutter + clutter = ????????

I believe the thread starter has all good intent...

Simply do not wish ill will on anyone...

But this does seem like a train wreck in the making.

Finger crossed....

Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #7
  • Apr 3, 2014 9:31pm Apr 3, 2014 9:31pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Magix
{quote} Paul, You are simply re-hashing other peoples shit. You are working with all of their bells and whistles. I am not saying it's a bad thing, just saying that if you want to work without the bells and whistles, this is naked trading....you are the absolute opposite of that. I wish you well, but until you know what the fuck you are talking about, it best you actually learn what you are talking about. Otherwise, you come off as purposely deceptive or negligent.
I checked your profile I see your from Canada so I assume you speak English well and I read a dozen of your post and see where you are coming from, it's just the way you are and that's fine I won't take it personally.

1st You are simply re-hashing other peoples shit!

It's all other people 's shit even naked trading.

2nd You are working with all of their bells and whistles

That's the whole point again! “I said how we trade them and we will go over what happens in the traders mind before the system even comes in to play.”

I'm trying to talk about what happens before you trade a system, to me that's more important then all the bells and whistles no system will work under all conditions if you don't understand what your are doing your odds are slim of being consistent.

And without using a system to demonstrate on it's useless but if you can show how the system is just a tool and you show it on different systems I figured more people would wake up and realize they are more important then a system.

As far as knowing what I am talking about my colleagues would have a good laugh at that, I don't know what knowledge you have and at this point I don't care.

Now that I am back and trading full time I figured I would try and have intelligent discussions but I'm afraid your right this thread is going to be more cluttered with negativity then anything else and yes I was warned like many other traders that did not even try to help because of the negativity.

I see a shit storm coming at me and with the volume of people that come on Forex factory I'm looking at a high volume of shit it's in the numbers.

Maybe it's better to pull the plug now.

Paul
Of all the things I've lost I miss my mind the most .
  • #8
  • Apr 4, 2014 1:03am Apr 4, 2014 1:03am
If I was a successful, veteran trader Paul with much to offer people struggling with trading and helping newbies the last thing I'd be doing is posting it here and starting a thread for philanthropic reasons. Ask someone like Seneca Pilot (Chris) before you spend inordinate amounts of time and energy doing things for the right reasons and without any financial gain in mind. I've only had about 2 years around here but from I've seen people with great intentions cop nothing but abuse, accusations and the whole thing turns to shit. Some of these threads are still great, the 200 pages or so are full of information if you're prepared to do the work so they're still a great benefit but I can't see anything but pain for the thread starter.
Per Ardua Ad Astra - Through Adversity To The Stars
  • #9
  • Apr 4, 2014 9:44am Apr 4, 2014 9:44am
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
Quoting Flipper58
If I was a successful, veteran trader Paul with much to offer people struggling with trading and helping newbies the last thing I'd be doing is posting it here and starting a thread for philanthropic reasons. Ask someone like Seneca Pilot (Chris) before you spend inordinate amounts of time and energy doing things for the right reasons and without any financial gain in mind. I've only had about 2 years around here but from I've seen people with great intentions cop nothing but abuse, accusations and the whole thing turns to shit. Some of these threads...
Hi, you have a good point, I checked the trader you mentioned.

I purposely posted in the discussion not the system thread for 2 reasons first I would only post while trading(most days it's only one trade) and because the system comes second to me, I don't even know what approach I will take until I sit and go over my charts and that's what is important to me.

By using different systems to demonstrate it shows there limitations and what market conditions they excel in.

Nobody wants to lay it on the line maybe they are not successful and don' really have anything to say maybe there is not that much to say.

All I see is a bunch of systems with basic rules and when you ask about how they approach trading, it comes back to the system?

If you can't walk(trade) don't try running(systems)

I could trade live for months and have consistent returns, then it would be something like “ with those market conditions any system would work” missing the point, knowing when to trade.

I made a big mistake here, but the same as trading I will cut my losses.

Good Luck to All! Sorry for wasting peoples time.

Respectfully yours, Paul

PS: As far as the template having more bells and whistles, that was out of respect for genesis also any other system I would have chose would be renamed and the look changed and used only to demonstrate for a short period also giving credit to the originator not to cause any hard feelings, I was not pushing any system, I could put one together in 5 minutes they are a dime a dozen it's what come before the system that counts.
Of all the things I've lost I miss my mind the most .
  • #10
  • Apr 4, 2014 7:25pm Apr 4, 2014 7:25pm
Quoting Mr C
{quote} I checked your profile I see your from Canada so I assume you speak English well and I read a dozen of your post and see where you are coming from, it's just the way you are and that's fine I won't take it personally. 1st You are simply re-hashing other peoples shit! It's all other people 's shit even naked trading. 2nd You are working with all of their bells and whistles That's the whole point again! “I said how we trade them and we will go over what happens in the traders mind before the system even comes in to play.” I'm trying to talk...
Paul,

The way I am is a realist. If you've been through my profile, you will see that I have longevity on my side...this doesn't come from wishes and dreams, it comes from consistency.

Yeah, I do say what is on my mind and more often than not, I am 100% spot on in my analysis. Be it market or trader or trade logic, I can usually sniff out a piece of truth.

What in particular bothers me about your thread is the actual title, which I thought I was quite clear about, but you are too busy being a delicate peach to actually understand that.

What if, you went to the supermarket and bought a box of what was labeled as Oranges and once you got it home, turned out to be tampons?

You are using every bell and whistle under the sun and have a thread title of No Bells and Whistles.

Effectively, you are running the Tampon of threads, when others might just be looking for Oranges...and who wouldn't want to find oranges? They are juicy and delicious and full of vitamin C...they keep you healthy and are an absolute treat...specially them tiny ones with the thin skin that you can only find around Christmas...Really Paul, why is that? Them tiny little juicy, delicious oranges, only at Christmas, when you can find that horrible little vegetable, created by Satan himself, Brussel Sprouts, Year round...really, couldn't then just til them fields under and plant more oranges?

Personally, I really don't give a shit how you trade and for the sake of things, if you even trade. Trading doesn't actually seem to be a qualifier of membership at the factory, so really, I will hold no more expectation of you than anybody else who wants to join...

BUT!!

I will say this...

If you want to share oranges, you'd best be bringing oranges to the party...

Otherwise, you come off as just another snake oil, time wasting salesman, REHASHING OTHER PEOPLES SHIT!

If there is a good system at FF, join in their party. If there isn't, ask yourself the inevitable question as to why bother REHASHING ANOTHER TAMPON?

Although a little slower to the point, I am a lot kinder in my words to you here, Paul.

And as a piece of personal advice...if you want to be sensitive and in touch with your softer side, 2 places that you should avoid are markets and public forums.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #11
  • Last Post: Apr 5, 2014 11:01pm Apr 5, 2014 11:01pm
  •  Mr C
  • Joined Mar 2012 | Status: Knowledge is "potential" power | 439 Posts
I'm not a teacher, this was to last only a few months, all I was going to do was show my chart analysis before the fact something not many do then show how it translates on different templates to show that you don't need all the Bells & Whistles to succeed and at the same time people could see it's possible to make a living.

Words of wisdom from Magix: “I wish you well, but until you know what the fuck you are talking about, it best you actually learn what you are talking about. Otherwise, you come off as purposely deceptive or negligent”.

Saying all indicators are Bells & Whistles is purposely deceptive or negligent and you are an idiot plain and simple no Bells or Whistles.

This is a Naked Chart, anything you add is to indicate something, it's not Rocket Science.
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Naked trading is trading with a minimal amounts of indicators it's just a term used.
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And you could even add some customized indicator an it still could be called Naked trading or “No Bells & Whistles” as long as they are necessary and non repetitive.
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Anyway I found a different way to fill my time when trading so you have fun making your useless comments that you seem to think are more helpful to everyone.
Of all the things I've lost I miss my mind the most .
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