New profitable System - Sidus | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sidus-EMA RSI & Sidus V3 indicators that need to be fixed 18 replies

New Sidus Method v2.0 186 replies

Sidus System confirmation' indicator? 52 replies

New Sidus Method v2.0 is available 6 replies

Post your Sidus Method add on indicators here. 5 replies

Attachments: New profitable System - Sidus
Exit Attachments

New profitable System - Sidus

  • #121
  • Jul 19, 2006 7:00pm Jul 19, 2006 7:00pm
Quoting jlowder
I was thinking that placing my orders by hand would be ok, but what I'd really like to have is an EA that will manage my trades and exits for me.

Once I place a trade, I'd like an EA that would allow me to take profits on X number of lots at certain pip levels and then exit out all trades at the crossing of the 5 & 8 ema's. I guess the ability to add trailing stop losses to the lots would be nice as well for those would like that... If you wanted to go that far.

Would this be easier to do?


Jason
I'm attaching a modified indicator written (I think) by a guy named Bruce over at beginnertrader.com.

It'll create the 5 and 8 LWMA's for you, but the nice thing is it will sound an alert once they cross.. So if you are in hearing distance you can exit or enter your trade as you see fit.

Now if I can just get this code combined with the profit taking EA we got earlier I'd be set...

Jason
Attached File(s)
File Type: mq4 LWMA CrossedAlerts.mq4   2 KB | 1,529 downloads
  • #122
  • Jul 19, 2006 8:02pm Jul 19, 2006 8:02pm
I have just been reading your thread. Very nice, Sidus. Thank you for sharing.

I have been applying it to a few pairs that I have been trading and comparing the results with the results from 2 other methods I use. When I tried to apply it to CHF/JPY, what I found on the 1H chart is that both the EMAs and both the WMAs were lying on top of each other. Would you interpret this as preparation to breaking out? One of my other methods would suggest that that is what is occurring, I just am not familiar with your method.
  • #123
  • Jul 19, 2006 8:23pm Jul 19, 2006 8:23pm
Quoting kihl
Orangeroshan
How do you coupled Sidus Trading system with Vegas 1H trading system?
You use everything of both or you just implement only one part of both systems?
Thanks
Sometimes everything of both and sometimes one part of both. The fib lines helps to maximise profits & minimise loss. Both tunnels (Vegas& Sidus) tell great stuffs about prices. So far, made 87 trades with only 3 bad ones. Not bad for a newbie. Cant wait for the Part II!
Change Your Thinking. Change Your Life - JD
  • #124
  • Jul 19, 2006 8:42pm Jul 19, 2006 8:42pm
Quoting OrangeRoshan
Sometimes everything of both and sometimes one part of both. The fib lines helps to maximise profits & minimise loss. Both tunnels (Vegas& Sidus) tell great stuffs about prices. So far, made 87 trades with only 3 bad ones. Not bad for a newbie. Cant wait for the Part II!
OrangeRoshan, could you post some of those trades you made (and some charts would be cool too) using the Vegas & Sidus method.

I'm still in the fine tuning stage.

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #125
  • Jul 19, 2006 9:22pm Jul 19, 2006 9:22pm
Quoting jarroo
OrangeRoshan, could you post some of those trades you made (and some charts would be cool too) using the Vegas & Sidus method.

I'm still in the fine tuning stage.

Thanks,

Jim
Jim,

These are the last 12hrs transaction i did with one of my dealer. Its one my typical trade I made using both systems. The cahrt I use is from MT4. I hope this will help you.
Attached Images
Change Your Thinking. Change Your Life - JD
  • #126
  • Jul 19, 2006 10:30pm Jul 19, 2006 10:30pm
Quoting OrangeRoshan
Jim,

These are the last 12hrs transaction i did with one of my dealer. Its one my typical trade I made using both systems. The cahrt I use is from MT4. I hope this will help you.
Yeah OrangeRoshan that's cool.
But stuff like "I entered here and exited here" and why you did.
I'll try to post mine as well .

Thanks,

Jim
Indicators show the past. Price Action "Indicates" the future.
  • #127
  • Jul 19, 2006 10:35pm Jul 19, 2006 10:35pm
Thanks Sidus for sharing your method. I like it's simplicity and apparent effectiveness. On my charts I added the ma crossover indicator, 2 of them; one for each pair of ma's to give me signal when there is a cross. I changed the size of the arrows larger for the red ma's.
Attached File(s)
File Type: mq4 MA_Crossover_Signal.mq4   4 KB | 1,258 downloads
  • #128
  • Jul 19, 2006 11:28pm Jul 19, 2006 11:28pm
I believe everybody here is going to be very rich very soon with this system, except me .
I wanted to check things on a grand scale and looked at the weekly USD/YEN chart (what I have would have had ....) The X signs are where the price actually was, when the crosses occured. L- means from there I should have gone long, S - short.
C'mon guys, anybody with sense of humor?
See attached image... )

p.s. Sidus, I respect your work and sharing it, just wanted to give some thought material about the time frames and MAs, please don't feel offended.
Attached Image
  • #129
  • Jul 19, 2006 11:36pm Jul 19, 2006 11:36pm
Quoting lietuve
I believe everybody here is going to be very rich very soon with this system, except me .
I wanted to check things on a grand scale and looked at the weekly USD/YEN chart (what I have would have had ....) The X signs are where the price actually was, when the crosses occured. L- means from there I should have gone long, S - short.
C'mon guys, anybody with sense of humor?
See attached image... )

p.s. Sidus, I respect your work and sharing it, just wanted to give some thought material about the time frames and MAs, please don't feel offended.
I didnt know the european speaks Japanese? Hehee... (I have a sense of humour)
Sidus already said, he only backtested on EUR/USD and EUR/GBP

You got the USD part right, but unfortunatelly not the YEN.

Thanks
Change Your Thinking. Change Your Life - JD
  • #130
  • Jul 19, 2006 11:36pm Jul 19, 2006 11:36pm
Its a 1hr chart, not on a weekly chart!

Thanks
Change Your Thinking. Change Your Life - JD
  • #131
  • Jul 20, 2006 3:09am Jul 20, 2006 3:09am
Quoting lietuve
I believe everybody here is going to be very rich very soon with this system, except me .
I wanted to check things on a grand scale and looked at the weekly USD/YEN chart (what I have would have had ....) The X signs are where the price actually was, when the crosses occured. L- means from there I should have gone long, S - short.
C'mon guys, anybody with sense of humor?
See attached image... )

p.s. Sidus, I respect your work and sharing it, just wanted to give some thought material about the time frames and MAs, please don't feel offended.
How does that last S relate to a cross of the MA's? It looks like it's marked a couple bars later.

Try adding the T3 that TwoBlink uses in his Hat method in place of the larger MA's and see how it looks.
Attached Image
  • #132
  • Jul 20, 2006 3:31am Jul 20, 2006 3:31am
Quoting mike w
Hey gorilla, Ive had some pretty decent results trading before the whole ema because usually when the wmas cross then the emas are going to also. I havent really had to much of a problem with whipsaws because i just go for a quick 20 to 30 pips. Ive noticed above that amount that whipsaws will sometimes happen. Thanx for you time.
Thanks Mike. I appreciate the reply.

That's what I was really wondering about.
  • #133
  • Jul 20, 2006 3:57am Jul 20, 2006 3:57am
Quoting OrangeRoshan
Sometimes everything of both and sometimes one part of both. The fib lines helps to maximise profits & minimise loss. Both tunnels (Vegas& Sidus) tell great stuffs about prices. So far, made 87 trades with only 3 bad ones. Not bad for a newbie. Cant wait for the Part II!
Thank you OrangeRoshan for sharing your experience, by the way which currency pairs do you trade with this Sidus-Vegas hibrid? How many units you trade when the LWMA crosses the EMA? Which fib level you use(34, 55, 89, 144, 233, 377)?

It is a shame that im cann't make an EA for this system. Thanks Sidus for sharing this intesting system and we know that it is quite promising system.

Waiting for your V2.0!...
  • #134
  • Jul 20, 2006 4:05am Jul 20, 2006 4:05am
Quoting kihl
It is a shame that im cann't make an EA for this system. Thanks Sidus for sharing this intesting system and we know that it is quite promising system.
kihl,

Why not, isn't it possible?

Btw, Im trading only Cable Dollar & uses the fib line as my stops. When you know the currency pair very well + a feel for this system. You virtually can make 100 pips from a 30pips bar!

Both tunnels helps me to determine momentum & trend.

Thanks
Change Your Thinking. Change Your Life - JD
  • #135
  • Jul 20, 2006 8:01am Jul 20, 2006 8:01am
Quoting jlowder
I'm attaching a modified indicator written (I think) by a guy named Bruce over at beginnertrader.com.

It'll create the 5 and 8 LWMA's for you, but the nice thing is it will sound an alert once they cross.. So if you are in hearing distance you can exit or enter your trade as you see fit.

Now if I can just get this code combined with the profit taking EA we got earlier I'd be set...

Jason
The file that is attached right below this post is a .mq4 file. What kind of file is that? With the context I would think it is a plugin for a charting program. Is it for metatrader?
  • #136
  • Jul 20, 2006 8:06am Jul 20, 2006 8:06am
Quoting azhotpipper
The file that is attached right below this post is a .mq4 file. What kind of file is that? With the context I would think it is a plugin for a charting program. Is it for metatrader?
Yes it is. All mq4 extension is for MT4. Save it inside expert/indicator

Thanks
Change Your Thinking. Change Your Life - JD
  • #137
  • Jul 20, 2006 8:07am Jul 20, 2006 8:07am
Quoting azhotpipper
The file that is attached right below this post is a .mq4 file. What kind of file is that? With the context I would think it is a plugin for a charting program. Is it for metatrader?
Yes, it's an indicator for MT4. Put it in your experts/indicators directory.

Jason
  • #138
  • Jul 20, 2006 8:52am Jul 20, 2006 8:52am
Something I noticed is that this method seems to pick up any major reversals in trend while weeding out most of the small bumps and small reversals. (I have been using it on a 1 hr chart)
As a result it will be very good for catching big moves.

One question I have for Sidus, and the other people testing it out, is what have you found to be a good place to put your stop? If answering this plz put the amount, or fibronacci level, and the currency or currencies you've been using this with.

And thanks for answering my last question guys.
  • #139
  • Jul 20, 2006 8:59am Jul 20, 2006 8:59am
Quoting azhotpipper
Something I noticed is that this method seems to pick up any major reversals in trend while weeding out most of the small bumps and small reversals. (I have been using it on a 1 hr chart)
As a result it will be very good for catching big moves.

One question I have for Sidus, and the other people testing it out, is what have you found to be a good place to put your stop? If answering this plz put the amount, or fibronacci level, and the currency or currencies you've been using this with.

And thanks for answering my last question guys.
I'm looking at doing two things.

First, I want to take half my position out at a given pip target - Typically the price might move way up or down in one bar (I use 4hr) to settle on a gentle trend in one direction later. I'm using an EA to take a profit at a given point then. This is also good in case the trend happens to be short and closes out where you started - at least half your order made you some pips.

Next, I'd like to have it close out the order at the cross of the MA's (5&8).

Just my thoughts at the moment.

Jason
  • #140
  • Jul 20, 2006 9:28am Jul 20, 2006 9:28am
I just came up with a potential exit strategy. Has anyone tried using a much faster chart for the exit? Eg, a 1 hour chart for entry, and a 15 minute or 30 minute chart for exit? Seems like this might work pretty well also. Let me know what you think.
1 trader viewing now