Trade the Slope System

1st deal posted here got stopped out.

does this system still work ? are people making money on it ?

I don't trade it any-more.
Couldn't make it work consistently.

Why don't you do some back testing, this is not the holy grail, but you can make a good living out of it.

I have made 2 small changes to the original method.

Hi ematrader,
Read your documents and were very interesting.
Is the method still working?
I am asking coz there is not any more posts here.
Thanks.

Someone should look at making a finely tuned EA for this (wasnt there problems with one built by online Expert Advisor Builder by RR back in his early learning days?) with a simple lenient range filter.

I reckon it would do ok.

Hi BlueBull,
I have read your document and the whole thread.
Just curious to know whether you are still using the system or not.

Thanks

Dear Bluebull,

I'm sorry, but I'm not sure of the two changes you've made to the original system and why. Do you mind explaining them to me? Sorry for the confusion on my part.

My best,

Lenoxer

Is anyone using this system or did anyone ever use this system. If you did could you explain exactly how this system works. I just made 100 trades with this system using h4 h1 and 30m charts and 42 out of 100 trades worked out and as far as the p/l ratio it was 1.62:1.Not so good.I am not looking for the holy grail.Just a system that works better than 42%.Actually I am looking for 52% or better.

I would love to use this system . It is easy to implement.

Thanks all,
Guitar Rabbi

I noticed a pattern for entry to get in to the slope system.When the bar crosses over the moving average either up or down and the bar is still the same color,meaning, if the trend is down and the bar crosses over above the moving average, that is a sign that the trend could change.So if you check the one hour chart and 30 min chart and they also concur that the trend has changed, I am suggesting that even though the bar still shows the trend is up, it could be time to trade the other way.

New but not brand new, to forex. I am going to try it, the SLope System, and pay particular attention to entering. Will plan a report back. Wish the original poster knew his thread is alive. Guitar Rabbi: good point.

What brought me here is reading and researching on Sniper Forex - NOT the ea of a similar name, but the manual system with many many positive reviews on various forums. Website is www.sniperforex.com. One person on the Sniper Forex thread at trade2win commented that that system really is similar to a system which does not cost money, the SLope System, which is treated in threads at babypips, and here at forexfactory.

Should the MTF HMA COLOUR INDICATOR set at 5,15,30 and 60 mins[page 3]look like these on the chart?

seems good.

Went short on this pair but it turned back and took 9.1 pips.

I hope we can revive this thread. This system seems great. I tried it live yesterday after just having read about it. I am impressed so far.

What do you guys think of:

1) Using more than 3 time frames? For instance, on an earlier chart ematrader had every TF open from 1M - D1. Thoughts?

2) Best trailing stop and S/L?

I'd love to have the following system: Open all new trades on Monday based on long-term trend direction. Close all trades before Friday. Repeat each week.

***EDIT****

I have a lot of faith in this system. Can anyone code an indicator that basically tells you the color of the slope line at each time frame in a box at the bottom of the chart? I've seen these kinds of indicators with Heiken Ashi indicators before. Maybe we could make one for the color of the slope line instead of having to have 5 or 6 lines on the chart.

Very nice setup on GBP/JPY. I snagged a few pips before the weekend. I'm too afraid of holding it over the weekend, although I assume it will continue to climb.

+1 for the system again.

Today I traded on the market open on Sunday, and it didn't go so well. Pretty much every trade went exactly against what this system would have us do. I attribute this to the market potentially reversing right now.

All the pairs are correlated, so if you trade multiple pairs with this system you will either be all right or all wrong.

My plan is to wait until tomorrow to see if things start to follow the 4H and D1 trends again or not (we may have things reverse at which point I'll wait for a signal in the opposite direction).

Possible setup on the GBP/JPY. Waiting for 1H slope to go positive and I will BUY.

**EDIT**

I'm long on GBP/JPY @ 174.308 and 174.361. Currently in profit.

**update**

I banked just shy of 100 pips in one day on my GBP/JPY trades. I left some pips on the table, which is unfortunate. I'm trying to figure out the best trailing stops to use. If all EMAs point in the same direction, that's a pretty strong signal but I'm not sure how much we can expect price to move in that direction.

I think I'll try 100 pip trailing stop next.

Also, I'm wondering if most of the action this week occurred last night? The USD/JPY has a signal right now but is at it's highest position in quite awhile.

Great few days for this system. I made a few hundred pips these last few days and recouped all my prior losses. I'm very impressed with this system so far.

Hi everyone who still using the System.
I am going to discuss with programmer the indicator like Matrix - -will have at the bottom of a chart the clear indication of Slope line colors on multiple timeframes...