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New profitable System - Sidus

  • #201
  • Jul 23, 2006 9:09pm Jul 23, 2006 9:09pm
It did predict it -- on the 30 minute chart. Thats what I have been watching Unfortunately, I didnt take the trade.

Quoting carmel
...Guess there is no way for this system to predict this action. Wonder what happpend
  • #202
  • Jul 23, 2006 9:12pm Jul 23, 2006 9:12pm
I think the EMA 5 and 12 along with the RSI (and maybe the SAR) is the key to this system. A lot of pips can be wasted waiting for the tunnel. The tunnerl is for the extra cautious IMO.

Quoting moonchild
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.
  • #203
  • Jul 23, 2006 9:20pm Jul 23, 2006 9:20pm
Oh if we really want to wait for the tunnel we should look to the 15 minute charts. Some nice pips to be made there as well.
  • #204
  • Jul 23, 2006 9:39pm Jul 23, 2006 9:39pm
Quoting carmel
...Guess there is no way for this system to predict this action. Wonder what happpend
It is safest to exit before any major news being released. Use the FF calender, its excellent.

Switch to 1 month chart to see the long term trend, recheck with weeknly & daily. When it coincide with your one hour, the trend is indeed your friend!

Thanks
Change Your Thinking. Change Your Life - JD
  • #205
  • Jul 23, 2006 9:51pm Jul 23, 2006 9:51pm
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
Bagovino... What you suggest is basically Alan Hull's Multiple Moving Averages... Sidus' system also a MMA system... Only difference -- you leve the tunnel blank...

Guppy and Hull MMAs work all the time...

Cheers,
  • #206
  • Jul 23, 2006 9:58pm Jul 23, 2006 9:58pm
Quoting Sidus
SAR will be used for improving the method in V 2.0!
You do not need SAR... Read Alan Hull's MMAs... That's what you are doing here - in a modified version... Guppy and Hull MMAs work all the time...

Your red channel is Investors -- Your WMA channel is traders...

FYI:
Hull's MMA:
EMA 2,4,6,8,10,12 Yellow
EMA 19,22,25,28,31,34 Green

Try it and it will show the market better than tunnels -- works on all timefarmes...
  • #207
  • Jul 23, 2006 10:00pm Jul 23, 2006 10:00pm
Quoting moonchild
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.
Yes, the situation on the cable presently is a good example to use... what would the EA do in this case since the 12 has clearly overtaken the 5 now and is on top but yet they (5 & 12) have yet to completely cross downward the tunnel. Thus, would the EA be programmed to gamble a bit in anticipation of the continued downward move and place a sell or should it wait until some determined amount of pips beyond the tunnel before executing the sell? and then how many pips beyond the tunnel is "safe" to assume that low risk entry?

You see programming the EA for Sidus may not be so easy.... its difficult to translate, with accuracy, the rules of our visial/manual trading into code I think.
  • #208
  • Jul 23, 2006 10:20pm Jul 23, 2006 10:20pm
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
I have plotted the 2EMA you suggested. Yes, it it does filter a lot of noises. Good for Mid-long term entry exit trading style. Good One!!

However I still keep the original WMAs because it help me to implement 100/30 system. I plotted yours (dash lines, same colour) & the original's Sidus to keep me pinpoint on precise entry & exit. This way, I can see Whiplash boogieing on my charts. No longer im afraid of them.

Good Finding Bagovino!

Thanks
Change Your Thinking. Change Your Life - JD
  • #209
  • Jul 23, 2006 10:39pm Jul 23, 2006 10:39pm
For the EA it can ignore the tunner or look at lower time frames for a tunner (for example the 30 minute for a one hour chart and 15 minute for a 30 minute chart). For the current chart it can execute a trade using the 5/12 EMA cross and the RSI (and maybe the parabolic SAR as well). If its a long term trend, then the tunnel will catch up eventually.

Quoting its2die4
Yes, the situation on the cable presently is a good example to use... what would the EA do in this case since the 12 has clearly overtaken the 5 now and is on top but yet they (5 & 12) have yet to completely cross downward the tunnel. Thus, would the EA be programmed to gamble a bit in anticipation of the continued downward move and place a sell or should it wait until some determined amount of pips beyond the tunnel before executing the sell? and then how many pips beyond the tunnel is "safe" to assume that low risk entry?

You see programming the EA for Sidus may not be so easy.... its difficult to translate, with accuracy, the rules of our visial/manual trading into code I think.
  • #210
  • Jul 23, 2006 10:46pm Jul 23, 2006 10:46pm
What is EA by the way?
Newbie khanma
  • #211
  • Jul 23, 2006 11:02pm Jul 23, 2006 11:02pm
Quoting senbanda
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
Cable Dollar is a volatile pair. Whipsaw will lash you a couple of time on each bar. But, the trend is known so, it is less to worry about.

Entering & exiting the market is just logic. Example:

In a Bull market:

Level 1:
Wait until the price dropped below the opening price, @least 5 - 10pips, then enter with 35SL. It will give to a good 5-10 pips margin additional to your 35SL, just in case the demon put some unexpected weight on the Pin bar. Other than that, premature exit with a loss will probable not happen, instead you will gain @least 10pips margin derived from the clever entry + the already known bull trend from our indicator.

Level 2:
Do the above but do not exit and let the profit run to the desired pip target and adjusting the SL when you are over 11pips from the entry to 10SL. This way, you are sure a Pipster already. Please take the spread into account!

Level 3:
Modification of level 2, but chop 50% from your original lot (SELL), and let the profit run until the next crossing. Adjust your stop loss as suggested on level 2.

Level 4:
Do level 1,2,3 and when your dealer allows it, Piping the bar with multiple entry (buy/sell) making the whiplash to work FOR you. Now, the rend is your guardian and the whiplash is your friend!

When you want the whiplash to be your enemy, use trailstop. Meaning I dont recommends it, as it cut your profits unnecesarily, ESPECIALLY when you are trading big lots!!

I hope that helps a bit with your question.

Happy trading with Risk management discipline.
Thanks
Change Your Thinking. Change Your Life - JD
  • #212
  • Jul 23, 2006 11:06pm Jul 23, 2006 11:06pm
Quoting Yardie
For the EA it can ignore the tunner or look at lower time frames for a tunner (for example the 30 minute for a one hour chart and 15 minute for a 30 minute chart). For the current chart it can execute a trade using the 5/12 EMA cross and the RSI (and maybe the parabolic SAR as well). If its a long term trend, then the tunnel will catch up eventually.
Sorry, I dont completely understand your proposal... I looked at the 30m cable and it shows that the 5/12 has already crossed the tunnel so are you suggesting that that bit of information is sufficient to enter the sell?
  • #213
  • Jul 24, 2006 12:00am Jul 24, 2006 12:00am
Quoting Yardie
For the EA it can ignore the tunner or look at lower time frames for a tunner (for example the 30 minute for a one hour chart and 15 minute for a 30 minute chart). For the current chart it can execute a trade using the 5/12 EMA cross and the RSI (and maybe the parabolic SAR as well). If its a long term trend, then the tunnel will catch up eventually.
No offense intended to those talking about getting an EA, but I would rather just trade it myself. That way I know when I am getting in, and if it looks like it is going against me I can just get out. One thing the EA probably wouldn't be able to take into account is sudden drops such as from news...
  • #214
  • Edited 12:19am Jul 24, 2006 12:06am | Edited 12:19am
Here is a good template for manual trading. Of course, whipsaws happen, but in the long run, it is still profitable I think
Attached Image
  • #215
  • Jul 24, 2006 12:12am Jul 24, 2006 12:12am
Quoting lietuve
Here is a good template for manual trading. Of course, whipsaws happen, but in the long run, it is profitable.
You might want to right click on the Horizontal line on the RSI and edit the object property to get the whole number.

Thanks
Change Your Thinking. Change Your Life - JD
  • #216
  • Jul 24, 2006 12:41am Jul 24, 2006 12:41am
Yes of course. To each is own. But for me its no fun watching the chart all the time to see when a signal shows up. EAs have Stop Loss and Take profit for a reason (well some as TP and SL built in).

Quoting azhotpipper
No offense intended to those talking about getting an EA, but I would rather just trade it myself. That way I know when I am getting in, and if it looks like it is going against me I can just get out. One thing the EA probably wouldn't be able to take into account is sudden drops such as from news...
  • #217
  • Jul 24, 2006 12:44am Jul 24, 2006 12:44am
I am looking for two main things right now -- the 5 and 12 cross and the RSI. The tunnel is just further confirmation.,, but it usually comes too late. So I look at the 5 and 12 ema cross, RSI and the Parabolic SAR. I made about 50 pips the past few hours on the EURUSD, GBPUSD and USDCHF using this. I could have made over 100 pips if I didnt miss the entry on the USDJPY. This is why I am keen on getting an EA programmed for this.

Quoting its2die4
Sorry, I dont completely understand your proposal... I looked at the 30m cable and it shows that the 5/12 has already crossed the tunnel so are you suggesting that that bit of information is sufficient to enter the sell?
  • #218
  • Jul 24, 2006 12:46am Jul 24, 2006 12:46am
It is an Expert Advisor. It is like a trading robot or autotrader.

Quoting khanma
What is EA by the way?
Newbie khanma
  • #219
  • Jul 24, 2006 1:14am Jul 24, 2006 1:14am
Quoting OrangeRoshan
You might want to right click on the Horizontal line on the RSI and edit the object property to get the whole number.

Thanks
I did it , though I pay more attention to ATR in this case, because when volatility increases, a few decimals should be dealth with without panic, I think

Thanks again.
  • #220
  • Jul 24, 2006 2:49am Jul 24, 2006 2:49am
Quoting Yardie
I am looking for two main things right now -- the 5 and 12 cross and the RSI. The tunnel is just further confirmation.,, but it usually comes too late. So I look at the 5 and 12 ema cross, RSI and the Parabolic SAR. I made about 50 pips the past few hours on the EURUSD, GBPUSD and USDCHF using this. I could have made over 100 pips if I didnt miss the entry on the USDJPY. This is why I am keen on getting an EA programmed for this.
How do you filter the crosses from ema's with the RSI and PSAR ?
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