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New profitable System - Sidus

  • #181
  • Jul 23, 2006 6:19am Jul 23, 2006 6:19am
Sidus,

I have been diligently studying the Sidus Method and have changed my opinion of its effectiveness... my conclusion after historical review is that it is a VERY good method! I agree that the SAR can only help to further ensure the expected movement of the trade but what you have with the EMA/WMAs is awesome.

I am now attempting to look at the incorporation of the RSI etc.. However, I am using MT4 and I don't have the correct RSI indicator on my platform therefore could someone please post the RSI indicator?

Thanks!
Sir Pips Alot
  • #182
  • Jul 23, 2006 6:38am Jul 23, 2006 6:38am
Quoting Sidus
OrangeRoshan,

I can honestly say that I really appreciate your comments and contributions on this thread. (not only you, but everybody else too!)
You are more than welcome. I really thank you for the system. Really appreciate it. Thank you Sidus.
Change Your Thinking. Change Your Life - JD
  • #183
  • Jul 23, 2006 11:01am Jul 23, 2006 11:01am
Hello Sidus, I am very happy that you are back on the thread. I really do want to thank you very much for sharing your method and I already see that it is a very good one.

Cannot wait to receive your version 2 and I hope that you had a great time in France

Happy trading to everyone for this new week coming tonight.

Shreem
  • #184
  • Jul 23, 2006 12:30pm Jul 23, 2006 12:30pm
Hello its2die4, I have posted the original RSI indicator for MT4. You just need to save it in your MT4 broker platform under expert/indicator and after close your platform and open it again.

Hope this help

Shreem
Attached File(s)
File Type: mq4 RSI.mq4   3 KB | 729 downloads
  • #185
  • Jul 23, 2006 1:33pm Jul 23, 2006 1:33pm
Hi Guys,

Shreem... You can enter after the first cross. Just wait for all lines to come together again then seperate along with a price break out. Also look at pivots lines and fibs for a break or resistance. However, it is safest to enter on a fresh cross as it signals the beginning of a new trend.

I'd like to stress the 5 & 12 EMA's again... Like I said, that is all that Pro-Signal is based on and then charge hundreds a month for it.... That along with the Sidus 18 & 28 tunnel just make it so easy to see what to do!
I think 959 pips in one month prove it. I placed 13 trades so far with only one loser of -9 pips.
The 5 and 8 WMA's are too choppy.... Give it a try and see what works best for you!

Thanks,

Bagovino
"Skills pay the bill's!"
  • #186
  • Jul 23, 2006 2:44pm Jul 23, 2006 2:44pm
Quoting shreem
Hello its2die4, I have posted the original RSI indicator for MT4. You just need to save it in your MT4 broker platform under expert/indicator and after close your platform and open it again.

Hope this help

Shreem
My MT platform will not accept the RSI indicator. Is it just an RSI 21? If so, that is easy enough to put in.

And to Situs, thank you again. I still do not understand why the system works quite as well as it does, but it certainly does work well.
  • #187
  • Jul 23, 2006 2:49pm Jul 23, 2006 2:49pm
Thank you for posting that RSI Indicator but yet I guess you were right I did already have it after all... but how does one know when it exceeds the 50% mark if there is no watermark?

Thanks!
  • #188
  • Jul 23, 2006 2:56pm Jul 23, 2006 2:56pm
Hello Bagovino and all, thank you vey much for your reply, it is a lot helpful. I agree with you that the safest time to enter is when a new trend is formed by all the signals.

Hello its2die4, I am glad that you found the RSI on your platform. If it not already done, just change it from the default 14 to a period of 21 as it was stated by bagovino.

About the 50% mark, when you open your RSI indicator from the indicator list, just go to the tab named level and enter a 50 mark and save it and then afterward, a 50% level will appear on the RSI on the chart.

Hope this help and wishing you all happy trading


Shreem
  • #189
  • Jul 23, 2006 3:09pm Jul 23, 2006 3:09pm
We need to get Bagovino's method coded into an EA. I think its a winner. I wish I had the know-how to code EAs
  • #190
  • Jul 23, 2006 4:06pm Jul 23, 2006 4:06pm
Thanks guys for this thread, its been most informative.

Here's a newbie question...

When you use moving averages - both exponential and weighted, what price do you apply them to: close, open, high, low, median (hl/2)???
  • #191
  • Jul 23, 2006 4:13pm Jul 23, 2006 4:13pm
Quoting shreem
Hello Bagovino and all, thank you vey much for your reply, it is a lot helpful. I agree with you that the safest time to enter is when a new trend is formed by all the signals.

Hello its2die4, I am glad that you found the RSI on your platform. If it not already done, just change it from the default 14 to a period of 21 as it was stated by bagovino.

About the 50% mark, when you open your RSI indicator from the indicator list, just go to the tab named level and enter a 50 mark and save it and then afterward, a 50% level will appear on the RSI on the chart.

Hope this help and wishing you all happy trading


Shreem
shreem.... It helps a great deal THANX! We have a great group of guys and gals here on this board therefore now let us endevor to increase our wealth!!
  • #192
  • Jul 23, 2006 4:18pm Jul 23, 2006 4:18pm
Quoting bagovino
Hi Guys,

Shreem... You can enter after the first cross. Just wait for all lines to come together again then seperate along with a price break out. Also look at pivots lines and fibs for a break or resistance. However, it is safest to enter on a fresh cross as it signals the beginning of a new trend.

I'd like to stress the 5 & 12 EMA's again... Like I said, that is all that Pro-Signal is based on and then charge hundreds a month for it.... That along with the Sidus 18 & 28 tunnel just make it so easy to see what to do!
I think 959 pips in one month prove it. I placed 13 trades so far with only one loser of -9 pips.
The 5 and 8 WMA's are too choppy.... Give it a try and see what works best for you!

Thanks,

Bagovino
thank you for your post..and help.
  • #193
  • Jul 23, 2006 4:29pm Jul 23, 2006 4:29pm
Yardie,

I think so too... I think this style may be too discretionary, but we can try!
Know any programmers?



Bagovino
"Skills pay the bill's!"
  • #194
  • Jul 23, 2006 4:31pm Jul 23, 2006 4:31pm
Hello Sidus
Thank you for a great system. I am thankful to everybody
else who writes here. My question as a newbie is where
should I place the SL. I apologise if this was discussed before and I may have missed it.
Specially If Orange Roshan can tell me/us where he places SL in GBP/USD as it is his main trading pair.
Senbanda
  • #195
  • Jul 23, 2006 4:58pm Jul 23, 2006 4:58pm
Bagovino Take Profit and Sto Loss can be discretionary. Tradeigel is the only one I know in this thread that can program EAs. But so far he doesnt appear to think its worthwhile. Maybe we can start up some kind of collection and pay him to do it or something.


Quoting bagovino
Yardie,

I think so too... I think this style may be too discretionary, but we can try!
Know any programmers?



Bagovino
  • #196
  • Jul 23, 2006 6:00pm Jul 23, 2006 6:00pm
...Guess there is no way for this system to predict this action. Wonder what happpend
"Loss and failure are inevitable but misery is optional"
  • #197
  • Jul 23, 2006 6:44pm Jul 23, 2006 6:44pm
Quoting Yardie
Bagovino Take Profit and Sto Loss can be discretionary. Tradeigel is the only one I know in this thread that can program EAs. But so far he doesnt appear to think its worthwhile. Maybe we can start up some kind of collection and pay him to do it or something.
Its seems to me the biggest problem coding this EA would be to protect from false signals; in other words how or when would the EA determine if there is a true/valid cross? would it determine it at the close of the hour or would it be done dynamically (i.e., per tick)? If its done at the close of the bar then how many pips over the cross would be considered a true cross and worthy of pulling the trigger on the execution of the trade? The other thing to ask is should a execution of trades be taken only when the tunnel has been crossed or should a trade be taken even upon the cross of the 5/8 (or 5/12 if that's preferred) while in a determined legthy trend?
  • #198
  • Jul 23, 2006 6:47pm Jul 23, 2006 6:47pm
Is anyone using the Sidius method on AccuCharts?
  • #199
  • Jul 23, 2006 7:05pm Jul 23, 2006 7:05pm
Quoting its2die4
Its seems to me the biggest problem coding this EA would be to protect from false signals; in other words how or when would the EA determine if there is a true/valid cross? would it determine it at the close of the hour or would it be done dynamically (i.e., per tick)? If its done at the close of the bar then how many pips over the cross would be considered a true cross and worthy of pulling the trigger on the execution of the trade? The other thing to ask is should a execution of trades be taken only when the tunnel has been crossed or should a trade be taken even upon the cross of the 5/8 (or 5/12 if that's preferred) while in a determined legthy trend?
I see the point you are making and there is what I believe is a splendid example at present.

I guess you are referring to a situation as exists at present with Cable. It has dropped over 60 pips, the EMA 12 has crossed the EMA 5 as well as the upper wall of the tunnel but it has not crossed the tunnel.

I think that seeing the whole picture, as well as what is going on with the other majors, I vote to trade, but I am not sure how I would get an EA to see why I am doing it and how this situation may be different from some other time when the EMA 12 has not fully crossed the tunnel.
  • #200
  • Jul 23, 2006 7:08pm Jul 23, 2006 7:08pm
The EA would execute trades based on the crosses. I suppose it can be created so that it will wait for both crosses or just one. I observed just this past hour that we could have made some nice pips on the USDJPY, EURUSD and other crosses just from the 5/12 ema cross and RSI on the 30 minute chart. I know the focus here is on the 1 hour charet...But I some nice pips can be made on the 30 minute chart as well. I think the RSI can be used as stops maybe +- 3 from the 50 mark? (+ for SHORT stops and - for LONG stops).



Quoting its2die4
Its seems to me the biggest problem coding this EA would be to protect from false signals; in other words how or when would the EA determine if there is a true/valid cross? would it determine it at the close of the hour or would it be done dynamically (i.e., per tick)? If its done at the close of the bar then how many pips over the cross would be considered a true cross and worthy of pulling the trigger on the execution of the trade? The other thing to ask is should a execution of trades be taken only when the tunnel has been crossed or should a trade be taken even upon the cross of the 5/8 (or 5/12 if that's preferred) while in a determined legthy trend?
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