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BO System? Here is "The Italian jOB"

  • #221
  • Sep 20, 2014 2:49am Sep 20, 2014 2:49am
Quoting B777
{quote} Have you had 4 or more consecutive losses since you started utilising this system? The results look awesome.
I start out at £50, then double each trade until I get a winner, so answering your question yes I have got 4 losses which means that the next trade is £800 but the return is £650.

So to calculate, minus £50 + £100 + £200 + £400 = minus £750 + £650 on my £800 trade, loss £100. The 4 consecutive losses has happened once in the last 5 months.
Plan, Patience, Profit
  • #222
  • Sep 20, 2014 6:36am Sep 20, 2014 6:36am
Quoting handy148
The danger of this "system" without a filter is that in a strong trend markets can stay overbought and oversold for long periods of time. Of course with a reasonable stop loss and money management you should be able to circumvent this problem.
You are right. Any suggestions?
(SL and MM are not applicable for BO!)

Here the matrix version 4, with signals according to sugarman settings.
Also an indicator to analyse the stochastic tresholds.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD-Matrix4.IM5.png Size: 50 KB
Attached File(s)
File Type: ex4 boItalianJob Matrix_v4.ex4   72 KB | 636 downloads
File Type: ex4 smStochastic-Treshold.ex4   12 KB | 1,002 downloads
  • #223
  • Sep 20, 2014 7:59am Sep 20, 2014 7:59am
handy

as swingman has mentioned there is no SL with BO, MM would be considered as to the size of your trade.

If the market stays in over sold / bought why does that matter, you are only taking one trade per stochastic trigger. When it comes out of these areas and goes back in that`s when I would re-enter.
Plan, Patience, Profit
  • #224
  • Sep 20, 2014 8:57am Sep 20, 2014 8:57am
Nice work people, including you Sugarman, really impressed. More Grease to ya Elbows.
  • #225
  • Sep 20, 2014 1:30pm Sep 20, 2014 1:30pm
Quoting SwingMan
{quote} You are right. Any suggestions? (SL and MM are not applicable for BO!) Here the matrix version 4, with signals according to sugarman settings. Also an indicator to analyse the stochastic tresholds. {image} {file} {file}
Just an idea: One might have a better chance when one would be trading pullbacks rather than countertrend trades.
So, the overbought/oversold condition at 1 minute time frame would result in the alignment to the, say, 5 minute timeframe (TF) trend.

For example, one would enter a sell/put if and only if the trend at the 5 minute TF is down (say, price below a certain EMA(X) at 5 minute TF or, equivalently, below an EMA(5*X) on the 1 minute TF) and the 1 minute signal is overbought.

I am sure that this would decrease the number of trades, but I think it might increase the probability of being ITM...

Cheers,
kprsa
  • #226
  • Sep 20, 2014 1:54pm Sep 20, 2014 1:54pm
Are you using 20/80 or 10/90 now as levels??
  • #227
  • Sep 20, 2014 6:22pm Sep 20, 2014 6:22pm
Hmm, nice Swingman.
Here is my little contribution. On the M1 chart you will see also a nonlag stoch, which I find much better than an ordinary stoch.
There is also a nonlag M5 stoch in the same window.
So, it's also MTF and has alerts ...and of course, NRP !
Enjoy and cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: nonlag stoch.png Size: 117 KB
Attached File(s)
File Type: mq4 NonLag stochastic nrp_mtf+alerts nmc.mq4   11 KB | 633 downloads
  • #228
  • Edited 8:39am Sep 21, 2014 3:11am | Edited 8:39am
Quoting sugarman
{quote} I start out at £50, then double each trade until I get a winner, so answering your question yes I have got 4 losses which means that the next trade is £800 but the return is £650. So to calculate, minus £50 + £100 + £200 + £400 = minus £750 + £650 on my £800 trade, loss £100. The 4 consecutive losses has happened once in the last 5 months.
Thanks for sharing , so we can say its a consistently profitable strategy.

Are you using stoch 5 and 95 levels for the signal and nothing else?

Regards
B777
  • #229
  • Sep 21, 2014 3:06pm Sep 21, 2014 3:06pm
Sugar; could you please tell more about your strategy. Hos do you trigger a signal, and how do you get through overbougt/sold with one main line stoch. Thanks.
MY SITTING, NEVER MY THINKING!
  • #230
  • Sep 22, 2014 12:42am Sep 22, 2014 12:42am
Quoting Wulong
... you will see also a nonlag stoch, which I find much better than an ordinary stoch.
Thanks!
Do you think that a version with the nonlag Stochastic would be helpful?
  • #231
  • Sep 22, 2014 1:24am Sep 22, 2014 1:24am
Morning All

sell usd / jpy, late post.
Plan, Patience, Profit
  • #232
  • Sep 22, 2014 1:26am Sep 22, 2014 1:26am
Quoting sugarman
Morning All sell usd / jpy, late post.
first loss.
Plan, Patience, Profit
  • #233
  • Sep 22, 2014 1:45am Sep 22, 2014 1:45am
buy gbp/ usd
Plan, Patience, Profit
  • #234
  • Sep 22, 2014 1:50am Sep 22, 2014 1:50am
Quoting sugarman
buy gbp/ usd
winner
Plan, Patience, Profit
  • #235
  • Sep 22, 2014 3:09am Sep 22, 2014 3:09am
Quoting SwingMan
{quote} Thanks! Do you think that a version with the nonlag Stochastic would be helpful?
You're welcome.

It might.
As you see in the picture, this stoch is more trend following, because it is 'tempered' by the nonlag ma feature. So, there should be less false signals.
  • #236
  • Sep 22, 2014 3:15am Sep 22, 2014 3:15am
sell usd / chf
Plan, Patience, Profit
  • #237
  • Sep 22, 2014 3:20am Sep 22, 2014 3:20am
Quoting sugarman
sell usd / chf
winner

buy aud/usd
Plan, Patience, Profit
  • #238
  • Sep 22, 2014 3:25am Sep 22, 2014 3:25am
Quoting sugarman
{quote} winner buy aud/usd
looser
Plan, Patience, Profit
  • #239
  • Sep 22, 2014 3:30am Sep 22, 2014 3:30am
sell usd /jpy

first trade on this pair was a looser, so this is a double trade.
Plan, Patience, Profit
  • #240
  • Sep 22, 2014 3:35am Sep 22, 2014 3:35am
Quoting sugarman
sell usd /jpy first trade on this pair was a looser, so this is a double trade.
another looser, not the start I was expecting, never mind just move on.
Plan, Patience, Profit
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