when GOD brings you a challenge he also gives you the power to deal with it
- #5,725
- Jul 24, 2014 5:16am Jul 24, 2014 5:16am
- Joined Mar 2012 | Status: Trader | 2,310 Posts
{quote} i means last video about MS non last video in absolute
You are mixing mts and ms system there. choose one of them and re read rules for them. especially stoch rules
- #5,728
- Jul 24, 2014 5:22am Jul 24, 2014 5:22am
- | Membership Revoked | Joined Jun 2011 | 4,778 Posts
when GOD brings you a challenge he also gives you the power to deal with it
- #5,732
- Jul 24, 2014 6:21am Jul 24, 2014 6:21am
Look guys, I have been off FX trading for a few years and new to this thread. I read, re-read, go backward and forward on page after page after page UNTILL I GET or until I just cant get it and have to ask a question. I read the posts over and over, in my breaks at work and before and after work! I want to learn these methods backwards and I will put in blood sweat and tears till I get it! I google MT4 questions and try and find out answers. If you expect to find this out all in 5 min go hike, Eitan and Team you have the patience of Saints!!
- #5,733
- Jul 24, 2014 6:24am Jul 24, 2014 6:24am
Look guys, I have been off FX trading for a few years and new to this thread. I read, re-read, go backward and forward on page after page after page UNTILL I GET or until I just cant get it and have to ask a question. I read the posts over and over, in my breaks at work and before and after work! I want to learn these methods backwards and I will put in blood sweat and tears till I get it! I google MT4 questions and try and find out answers. If you expect to find this out all in 5 min go hike, Eitan and Team you have the patience of Saints!!
- #5,734
- Jul 24, 2014 6:28am Jul 24, 2014 6:28am
- | Membership Revoked | Joined May 2009 | 1,419 Posts
MS SYST there was the possibility to enter long ? whats wrong? ultratrend over 77 {image}
Of course one can play a little out of the rules...but taking his own full responsability for not proven and backtested enough strategies, and, for what we know, with a less probability of success.
MS in this trade would have told us NO TRADE (if followed strictly by the rules).
I am experimenting some things about the crossing of the Ultrastoch over (or under) the median line IF previously coming from over the 77 area (for a SELL) or IF coming from under the 23 area (for a BUY)...but it's just my brainstorming ideas...i like to do experiments..iin my opinion it's the food of the human evolution..but it's just mine idea, NOT APPROVED or enough backtested....and anyway FIRST master the system as Eitan explained to us.
I will make in few minutes a post for you with the written rules for MS system,ok? I think it will beneficial also for others
- #5,735
- Jul 24, 2014 6:31am Jul 24, 2014 6:31am
- | Membership Revoked | Joined May 2009 | 1,419 Posts
{quote} Dear Pips200, We have at least 5 working system( HG, MRI,MTS,MS,MD) here. So it is little bit confusing. I do not know why but a lot of traders trying to alter those systems, and putting those charts with extra indicators on them. And this leads to some confusion and endless questions from others. My choice is putting pure system indicators only other than adding extra ones. And please remember eitan is 1 person only. he is trying to answer all questions in his limited time. So my friendly advice to you is please put only related indicators...
Great post. Nobody has "evil intention" against Pips200. But for the consistency of the thread, we have to post things really inherent the methods here treated (right templates, right timeframe, ecc..)
- #5,737
- Jul 24, 2014 7:06am Jul 24, 2014 7:06am
{quote} In theory being the ultrastoch exited the buy zone (over 77) and not retraced enough (around middle area let's say 45 or so), this trade is invalidated for MS system
i need written rules (i think need other also)
thank' you and ROCKE for your patience
- #5,738
- Edited 9:29am Jul 24, 2014 7:08am | Edited 9:29am
- | Membership Revoked | Joined May 2009 | 1,419 Posts
Ok, as promised, here's the WRITTEN rules for a correct MS trade
(PENDING EITAN APPROVAL OF THIS POST!):APPROVED!
BUY CONDITIONS (timeframe ONLY 4H..also see what pairs are backtested/approved by Eitan)
----------------------------------------------------
1- fast stochastic indi(red) coming from SELL area (under 15) to BUY area (over 85). Not so important the "path" of the stoch..if straight line or zigzag-ing around.
In case of hooks that brings the stoch OUTSIDE the BUY area, (or also in case stoch zigzag-ing INTO the BUY area), well if the stoch comes back to the BUY area with hooking up (meaning the line of stoch pointing UP), stating other conditions still satisfied, we can anyway take the trade.
2- Ultrastochastic indi coming from AT LEAST a bit under median line (50 level), let's say 45 level and coming into the BUY area. Also here,during the movement if it zigzag a bit among the 50 and 77 area, is ok. It not invalidates the trade. Once arrived into the BUY area,also if it zigzag WITHIN that area (NOT EXITING THAT!) the trade is still valid. If it exits, sorry, it has to do a retracment under the 50 area again to be again valid.
3- Trend indi (colour aqua line) above the 0.008 level (or 0.8 for the approved JPY pairs). Also the RED line of the Trend indi should be under -0.008 (-0.8 for JPY)...cause it confirms that the move is coeherent (having more or less the same buy pressure and inverted sell pressure) and not just a doubtful spike. If not matched this last thing, maybe we have to be a bit more prudent (for example in terms of lots traded).
Also Eitan said that we MIGHT take the trade (stating all other conditions met) if Trend indi is JUST above 0.004 or 0.4 for JPY pairs approved. This level is not in the MS original template attached... has to be added by ourself if we want use it. BUT with prudence and light lots. Anyway this "rule" is very optional and added in a second time.
4- GMTS tape indi BLU. It does not matter so much if first brick or not.
5- Signal candle must be closed ABOVE the red/blu channel (see screenshot).
------------------------------------
Reverse everything for a SELL
Here in attach i put: MS original template furnished by Eitan, and the last two MTS+MS template (one for "normal"pairs and one for JPY approved pairs) i use in my everyday trading.
I put here even a chart with MS original template with some notes to help visualizing the concept/rules above. Well, i have done it with my heart, but please don't ask me for more long posts like this, cause it took a lot of time.
Hoping will help the most possible people here. :nerd:
(
BUY CONDITIONS (timeframe ONLY 4H..also see what pairs are backtested/approved by Eitan)
----------------------------------------------------
1- fast stochastic indi(red) coming from SELL area (under 15) to BUY area (over 85). Not so important the "path" of the stoch..if straight line or zigzag-ing around.
In case of hooks that brings the stoch OUTSIDE the BUY area, (or also in case stoch zigzag-ing INTO the BUY area), well if the stoch comes back to the BUY area with hooking up (meaning the line of stoch pointing UP), stating other conditions still satisfied, we can anyway take the trade.
2- Ultrastochastic indi coming from AT LEAST a bit under median line (50 level), let's say 45 level and coming into the BUY area. Also here,during the movement if it zigzag a bit among the 50 and 77 area, is ok. It not invalidates the trade. Once arrived into the BUY area,also if it zigzag WITHIN that area (NOT EXITING THAT!) the trade is still valid. If it exits, sorry, it has to do a retracment under the 50 area again to be again valid.
3- Trend indi (colour aqua line) above the 0.008 level (or 0.8 for the approved JPY pairs). Also the RED line of the Trend indi should be under -0.008 (-0.8 for JPY)...cause it confirms that the move is coeherent (having more or less the same buy pressure and inverted sell pressure) and not just a doubtful spike. If not matched this last thing, maybe we have to be a bit more prudent (for example in terms of lots traded).
Also Eitan said that we MIGHT take the trade (stating all other conditions met) if Trend indi is JUST above 0.004 or 0.4 for JPY pairs approved. This level is not in the MS original template attached... has to be added by ourself if we want use it. BUT with prudence and light lots. Anyway this "rule" is very optional and added in a second time.
4- GMTS tape indi BLU. It does not matter so much if first brick or not.
5- Signal candle must be closed ABOVE the red/blu channel (see screenshot).
------------------------------------
Reverse everything for a SELL
Here in attach i put: MS original template furnished by Eitan, and the last two MTS+MS template (one for "normal"pairs and one for JPY approved pairs) i use in my everyday trading.
I put here even a chart with MS original template with some notes to help visualizing the concept/rules above. Well, i have done it with my heart, but please don't ask me for more long posts like this, cause it took a lot of time.
Hoping will help the most possible people here. :nerd:
- #5,739
- Jul 24, 2014 7:25am Jul 24, 2014 7:25am
Ok, as promised, here's the WRITTEN rules for a correct MS trade (PENDING EITAN APPROVAL OF THIS POST!): BUY CONDITIONS (timeframe ONLY 4H) ---------------------------------------------------- 1- fast stochastic indi(red) coming from SELL area (under 15) to BUY area (over 85). Not so important the "path" of the stoch..if straight line or zigzag-ing around. In case of hooks that brings the stoch OUTSIDE the BUY area, (or also in case stoch zigzag-ing INTO the BUY area), well if the stoch comes back to the BUY area with hooking up (meaning the line...