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Eitan's Project

  • #6,721
  • Aug 28, 2014 8:11am Aug 28, 2014 8:11am
Quoting cariddi74
{quote} ...finallyyyy some fall in "Jap land" I am with you in GJ (for a next round) , also SL not too big (last recent high around 172.75) ...hoping 61.8 fib level will be reached ...let c USA news

Retesting the 38.2 fib lev in waiting for other RED usd news in 1 hour..
  • #6,722
  • Aug 28, 2014 11:35am Aug 28, 2014 11:35am
Quoting cariddi74
{quote} {quote} The full cycle CCI is not mandatory in the last methods: in my U.S. system is welcomed but just needed a CCI half cycle . Also an "extended half cycle" (a.k.a. from inside a hot zone to JUST crossing the median line), is ok upon a TREND indi condition...see my U.S rules. few pages ago. In SMRIFix you are correct, now it's a SMRIFix rule....it say: JUST in hot zone (over 100 for BUY, below -100 for SELL), not mentioning any kind of cycles (BTW, i found also in U.S system just that condition is enough for triggering the trade if...
Thanks for the advice Cariddi. Will definately go back and start from the 1st trade for the BT.

As for the Trend indi, I never trade against it. Meaning if red crosses up, it is a sell indication and if green crosses up, it is a buy indication. What I mean is when it crosses up but haven't cross the 0.0033 ( and 0.3 for the JPY pairs), I enter the trade when all other indis are align. I notice that if I were to wait for the trend indi to cross beyond the 0.0033(& 0.3) line, it would be about 1 or 2 candles late. Anyway, I will be rereading the thread and working the back testing again. Will update you on my findings.

I believe I will be able to hit a 80% - 90% accuracy just with this system alone cos I am oredi hitting about 72% accuracy before even fine-tuning my entry!

Thanks again Eitan for this wonderful system and Cariddi, Bob & team for the wonderful support!!!
  • #6,723
  • Aug 28, 2014 12:07pm Aug 28, 2014 12:07pm
Quoting Milfortra
{quote} Thanks for the advice Cariddi. Will definately go back and start from the 1st trade for the BT. As for the Trend indi, I never trade against it. Meaning if red crosses up, it is a sell indication and if green crosses up, it is a buy indication. What I mean is when it crosses up but haven't cross the 0.0033 ( and 0.3 for the JPY pairs), I enter the trade when all other indis are align. I notice that if I were to wait for the trend indi to cross beyond the 0.0033(& 0.3) line, it would be about 1 or 2 candles late. Anyway, I will be rereading...

Hi which trend indi are you referring to?
  • #6,724
  • Edited 1:24pm Aug 28, 2014 1:03pm | Edited 1:24pm
Quoting Milfortra
{quote} Thanks for the advice Cariddi. Will definately go back and start from the 1st trade for the BT. As for the Trend indi, I never trade against it. Meaning if red crosses up, it is a sell indication and if green crosses up, it is a buy indication. What I mean is when it crosses up but haven't cross the 0.0033 ( and 0.3 for the JPY pairs), I enter the trade when all other indis are align. I notice that if I were to wait for the trend indi to cross beyond the 0.0033(& 0.3) line, it would be about 1 or 2 candles late.Anyway, I will be rereading the thread and working the back testing again. Will update you on my findings.I believe I will be able to hit a 80% - 90% accuracy just with this system alone cos I am oredi hitting about 72% accuracy before even fine-tuning my entry!Thanks again Eitan for this wonderful system and Cariddi, Bob & team for the wonderful support!!!



First bolded (blu). Good point..i noticed that too, and i will propone Eitan and addictional criteria (in phase of studying) for taking the SMRI trades also if not Trend indi condition met (but the CCI34 condition in hot zone is not enough,by itself, IMHO..it has to be another additional condition adding up to all other things)

Second bolded (green). Well, yes i don't have statistics actually ..but even if having that, i invite everyone to trust HIS/HER OWN statistics. It helps to a better understanding of the systems and of the market in general, and also at the end of the game Forex is a lonely task to be done..so you better trust YOUR OWN data instead ones of others you don't know if correct or not, if taken following criteria to the T, if timezone of others can play a role, ect...
IMHO, just MTS with the additional criteria suggested by Eitan of CCI in Hot zone, is enough for doing V-E-R-Y well.

The most tricky thing is choosing the right trades that have most probabilities (MTS go with the trend, so is a good choice, in this sense), and also in case of high probabilities trades, choosing the most reasonable points of SL and TP. It seems a secondary thing, but it isn't...that's why Eitan introduced the FIBOZONE indi..for helping us to have a guide on that without too much guessing or a (sometimes) dangerous fixed TP (like 25 pips).
Also, that FIBOZONE indi can help us not entering a trade where TP level is too near actually level of the price and so the risk/reward ratio is very bad (not knowing what the price will do in the future...it can surpass the nearest rejection level that makes the ration very bad..but who knows?)

Regarding the SL, also, personally i like to see a CLEAR point of rejection where to put that with a reasonable trust that won't be surpassed; the FIBOZONE can be useful in that sense too (B.O. levels are good point of TP but also of rejection) or even the last contrarian swing is always a decent criteria for SL.
But the situation i prefer is in a MTS trade where a retracment happens (possibly with a yellow dot,too, that confirms even more the point of rejection)


Milfortra, you are on the right path i believe...mistakes can be done, but i see will to learn and experiment in you..and i like that. Keep on so and you see more and more improvements in your trades (also don't be greedy...an eye to the Money managment is always important even in well performing systems)
  • #6,725
  • Aug 28, 2014 1:08pm Aug 28, 2014 1:08pm
Quoting BenderTrader
{quote} Hi which trend indi are you referring to?
The same we are using for Eitan systems since MONTHS. Read the thread,please.
  • #6,726
  • Aug 28, 2014 2:23pm Aug 28, 2014 2:23pm
hay guys soon i will publish update video about how to use SMRI sys with fib indi zone and fib tool as major tool , stay tune or loose great lesson.

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #6,727
  • Aug 28, 2014 3:10pm Aug 28, 2014 3:10pm
Quoting eitan1010
hay guys soon i will publish update video about how to use SMRI sys with fib indi zone and fib tool as major tool , stay tune or loose great lesson. Eitan.
ENJOY and LISTEN very carefully there is diamond tips there,,!https://www.youtube.com/watch?v=NYzX4sjTIRs

Eitan.
when GOD brings you a challenge he also gives you the power to deal with it
  • #6,728
  • Aug 28, 2014 4:09pm Aug 28, 2014 4:09pm
thanks eitan, once again.

i will watch and then pillow incoming

n8
  • #6,729
  • Aug 28, 2014 4:35pm Aug 28, 2014 4:35pm
Quoting eitan1010
{quote} ENJOY and LISTEN very carefully there is diamond tips there,,!https://www.youtube.com/watch?v=NYzX4sjTIRs Eitan.
NOT diamond BUT GOLD!! big hugs Eitan you rock!!!
  • #6,730
  • Aug 28, 2014 7:44pm Aug 28, 2014 7:44pm
Quoting eitan1010
{quote} ENJOY and LISTEN very carefully there is diamond tips there,,!https://www.youtube.com/watch?v=NYzX4sjTIRs Eitan.

Super math prof.! Amazing!
  • #6,731
  • Aug 28, 2014 7:51pm Aug 28, 2014 7:51pm
Quoting pending
{quote} NOT diamond BUT GOLD!! big hugs Eitan you rock!!!
Eheheh what i have said in my last posts about SL & TP?
See how Eitan cares us about also giving us precise info about choosing SL & TP ???!!!
This does not repaints folks! If you put this into a MTS trade..i mean ma's lined up correctly (trading with the trend always best) and use the video criteria for entering the trade (SMRIFix tends to be very early to enter, or also U.S system if triggered before..), what you get?
A super-high probability trade with precise -math calculated- point of SL & TP (so you can choose also the best money managment that fits you, having ALL the info needed: risk/reward ratio, max % of capital loss for the trade, ect... no more guessing at all!!!)

I think we cannot ask for more folks! Just.. hat off & standing ovation for the Master!
  • #6,732
  • Aug 29, 2014 12:26am Aug 29, 2014 12:26am
Thank'you Eitan for your wonderfull system
a prey you to give us a definitive template if is possible when you have a free moment.
thank'you again
  • #6,733
  • Aug 29, 2014 5:23am Aug 29, 2014 5:23am
thx eitan, nice stuff like always. thanks for the diamonds

again a weekend of study

bob
  • #6,734
  • Aug 29, 2014 5:27am Aug 29, 2014 5:27am
Quoting cariddi74
{quote} Milfortra, you are on the right path i believe...mistakes can be done, but i see will to learn and experiment in you..and i like that. Keep on so and you see more and more improvements in your trades (also don't be greedy...an eye to the Money managment is always important even in well performing systems)

Thanks Cariddi for the additional tips on the placing the SL and also the word of encouragement. I have done furthur BT and increased the accuracy to about 85% - 21 winning entries out of 24 trades based on the same NU 4H chart from 1st April to present. The minor adjustment I did was:
1) Not enter a trade after the 5 similar colored candle.
2) Changing the CCI from 14 to 34.
3) SL from previous High/Low and TP is 2/3 of SL. (Previously was a hard 30 PIPs SL and 30 PIPs TP)

Will try to post the charts up for furthur scrutiny by other wonderful team members.

In the meantime, still have lots and lots of BT to do cos this is only a single pair and there is like 14 to 15 other pairs and a few other systems to work on!

Happy trading and green PIPs always folks!
  • #6,735
  • Aug 29, 2014 5:31am Aug 29, 2014 5:31am
Quoting eitan1010
{quote} ENJOY and LISTEN very carefully there is diamond tips there,,!https://www.youtube.com/watch?v=NYzX4sjTIRs Eitan.
Thanks Master for additional gold mine! Can't wait to start mining on the diamond tips but lots of homework needs to be done first..........
  • #6,736
  • Aug 29, 2014 6:45am Aug 29, 2014 6:45am
Quoting Milfortra
{quote} Thanks Cariddi for the additional tips on the placing the SL and also the word of encouragement. I have done furthur BT and increased the accuracy to about 85% - 21 winning entries out of 24 trades based on the same NU 4H chart from 1st April to present. The minor adjustment I did was: 1) Not enter a trade after the 5 similar colored candle. 2) Changing the CCI from 14 to 34. 3) SL from previous High/Low and TP is 2/3 of SL. (Previously was a hard 30 PIPs SL and 30 PIPs TP) Will try to post the charts up for furthur scrutiny by other wonderful...
Good work for the weekend
Also with last addiction of the two CCI more (btw, why you were using CCI14 instead of 34? It was not in SMRIFix ..) , you get more filters..less trades but more robust ones.
--------------------
The last CCI55 if i understood well it's just an added safety that don't need an half cycle as the other two (just has to be in hot zone).
Please Eitan correct me if i wrong.
--------------------
With the MTS system we ever worked without precise math for SL & TP (the idea in the past was: last contrarian swing for SL and 20-30 pips for TP,depending on what pair)...and also with this "conceptual limitation" it works usually great, if correct money managment done (few losses but many winners). Now we have a further math supported" egde" on that "guessing". Amazing!
Powerful math beyond this last development...still thinking that this combined with MTS situations will be a blockbuster... waiting to live test my feelings next week

In the meanwhile, for who wanna use the FIBO tips explained by Eitan in the video (HIGHTLY SUGGESTED), i would plot the weekly FIBO levels in all your trading pairs in the weekend (boring task,ok, but market is closed in weekend, so in 10 minutes max you should be able to do the job).
  • #6,737
  • Aug 29, 2014 6:52am Aug 29, 2014 6:52am
Quoting cariddi74
{quote} Good work for the weekend Also with last addiction of the two CCI more (btw, why you were using CCI14 instead of 34? It was not in SMRIFix ..) , you get more filters..less trades but more robust ones. -------------------- The last CCI55 if i understood well it's just an added safety that don't need an half cycle as the other two (just has to be in hot zone). Please Eitan correct me if i wrong. -------------------- With the MTS system we ever worked without precise math for SL & TP (the idea in the past was: last contrarian swing...
  • #6,738
  • Aug 29, 2014 7:28am Aug 29, 2014 7:28am
Hi..I'm news here...I trade from a couple years...so I decide to try your Eitan mts temp..and for me works good...I want to ask you where can I found the template from this video? thanks...
  • #6,739
  • Edited 8:35am Aug 29, 2014 8:21am | Edited 8:35am
small exmple how we can combine the MTS with the fib indi and fib tool
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 243 KB


bTW U CAN also put the 200/100/60 EMA on SMRI sys and folow the trend as i explained in past on MTS sys but anyway here is the tpl

also put the fib indi on it b4 uploading tpl (RZ changed the lines visuality to controll the thickness)
Attached File(s)
File Type: ex4 FIBO_ZONE_mod_Original.ex4   8 KB | 533 downloads
Attached File(s)
File Type: mq4 FIBO_ZONE_mod_Original.mq4   8 KB | 504 downloads
Attached File(s)
File Type: tpl SMRIFIX.tpl   1.8 MB | 539 downloads
when GOD brings you a challenge he also gives you the power to deal with it
  • #6,740
  • Aug 29, 2014 8:25am Aug 29, 2014 8:25am
Quoting eitan1010
small exmple how we can combine the MTS with the fib indi and fib tool {image}
Whoooooosshhhh.. your screen looks like the carneval in Rio

Happy Trades
Focus only on what truly matters!
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