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BO System? Here is "The Italian jOB"

  • #281
  • Sep 23, 2014 4:02am Sep 23, 2014 4:02am
Now that was a big one.
Looks like you got it from that candle, nice
  • #282
  • Sep 23, 2014 4:07am Sep 23, 2014 4:07am
Quoting Mojoferrari
Now that was a big one. Looks like you got it from that candle, nice
Yes £400 trade gave me back £300, so on this pair I`m currently down £50.
Plan, Patience, Profit
  • #283
  • Sep 23, 2014 4:25am Sep 23, 2014 4:25am
right trying for a sell gbp /usd
Plan, Patience, Profit
  • #284
  • Sep 23, 2014 4:30am Sep 23, 2014 4:30am
Quoting sugarman
right trying for a sell gbp /usd
arrrggghh, looser.
Plan, Patience, Profit
  • #285
  • Sep 23, 2014 4:35am Sep 23, 2014 4:35am
I will be posting a lot less from now on due to my job, in fact maybe only at the end of the day with results.

buy usd / cad
Plan, Patience, Profit
  • #286
  • Sep 23, 2014 8:16am Sep 23, 2014 8:16am
worst day for a long time, still I ended up £140.

Till tomorrow.
Plan, Patience, Profit
  • #287
  • Sep 23, 2014 10:08am Sep 23, 2014 10:08am
Is anyone still using the italianjob system?
Im getting 62% wins on EU, any ideas on how to increase that?
  • #288
  • Sep 23, 2014 10:21am Sep 23, 2014 10:21am
Would Never encourage Martingale in Trading, it's a very quick way to Lose money, better to stop and take a cup of Tea
  • #289
  • Sep 23, 2014 12:50pm Sep 23, 2014 12:50pm
Quoting francisakz
Would Never encourage Martingale in Trading, it's a very quick way to Lose money, better to stop and take a cup of Tea
Francisakz, you talked about a combination of indicators that is good for binaries. Do you mind sharing your idea? Meanwhile you have a PM
  • #290
  • Sep 23, 2014 1:01pm Sep 23, 2014 1:01pm
The problem with the stochastic in oversold or overbought areas is that if you are trading countertrades, several candles continue the trend before an opposite trend takes place.
Here is a simple histogram indicator with consideration of the trigger line.
The colors of the histograms changes only if the difference Stochastic/Trigger exceeds a threshold value (2% as example).

The thin vertical lines show the signal bars.
In overbought area the signal histogram should/can be below the upper level (90), and in oversold area above the lower level (10).
Unfortunately, also in this case not all next bars are in profit (5 min expiration), but there are also very few more as 4, so that you can earn something with martingale ...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.IM5.png Size: 37 KB
Attached File(s)
File Type: ex4 boItalianJob Stochastic_v1.ex4   13 KB | 489 downloads
File Type: ex4 boMovingAverageColored_v1.ex4   32 KB | 489 downloads
  • #291
  • Sep 23, 2014 1:09pm Sep 23, 2014 1:09pm
Quoting sugarman
worst day for a long time, still I ended up £140. Till tomorrow.
I like your results Sugarman, but I went through all your posts and posted charts and I see that yours entries are often discretional.
Manytimes you do not entry on the first stochastic touch of the 0-100 level, but 1-2 bar later.
So what is your clue for filtering stoch's signals?
  • #292
  • Sep 23, 2014 1:53pm Sep 23, 2014 1:53pm
Nice one, SwingMan, I will try your indicators right away.
One of my hobbies is testing indicators ...
So, a lot are thrown away after testing, if it repaints, I know it very fast.
If it's a good one, I might 'use' it for some time and discard it after a while.
But the next I'll always use ...

SoI have a little present which could be of use. This is a very good MACD, but without histogram.
It's two colored, NRP and of course it has a MA which indicates the 'trend'.
You can't really call a trend on M1 a 'trend', but a trend is a trend ...
You will see what I mean when you look at the picture of my chart.
A stoch will, in a very long upward trend, do strange things (moving up or down the 80 level, so giving false signals) it's the nature of a stoch, but this MACD compensates for that.
I admire Sugarman for trading only with one indicator, a stoch, but I would never do that.
On the other hand, maybe I use too many indicators ...
Attached Image (click to enlarge)
Click to Enlarge Name: MACDnrp.png Size: 94 KB
Attached File(s)
File Type: mq4 MACD nrp.mq4   4 KB | 565 downloads
  • #293
  • Sep 23, 2014 4:00pm Sep 23, 2014 4:00pm
Quoting SwingMan
The problem with the stochastic in oversold or overbought areas is that if you are trading countertrades, several candles continue the trend before an opposite trend takes place. Here is a simple histogram indicator with consideration of the trigger line. The colors of the histograms changes only if the difference Stochastic/Trigger exceeds a threshold value (2% as example). The thin vertical lines show the signal bars. In overbought area the signal histogram should/can be below the upper level (90), and in oversold area above the lower level (10)....
Thanks for posting a potential bo setup. But why are you going against the trend? When ma is blue only look for uptrend setups.
MY SITTING, NEVER MY THINKING!
  • #294
  • Sep 24, 2014 12:18am Sep 24, 2014 12:18am
Quoting colombino
{quote} I like your results Sugarman, but I went through all your posts and posted charts and I see that yours entries are often discretional. Manytimes you do not entry on the first stochastic touch of the 0-100 level, but 1-2 bar later. So what is your clue for filtering stoch's signals?
Hi colombino

I can assure you that my entries are NOT discretional, there`s no filtering just working purely off the stochastic signal.
Plan, Patience, Profit
  • #295
  • Edited 1:31am Sep 24, 2014 12:44am | Edited 1:31am
Quoting merrygold
... But why are you going against the trend? When ma is blue only look for uptrend setups.
With safety, it is so!
With the histograms you can well identify retracements and then trade in trend direction...
  • #296
  • Sep 24, 2014 1:05am Sep 24, 2014 1:05am
Quoting SwingMan
{quote} For sure! With the histograms you can well identify retracements and then trade in trend direction...
Ahh, now i see ;-)
MY SITTING, NEVER MY THINKING!
  • #297
  • Sep 24, 2014 1:06am Sep 24, 2014 1:06am
Quoting SwingMan
The problem with the stochastic in oversold or overbought areas is that if you are trading countertrades, several candles continue the trend before an opposite trend takes place. Here is a simple histogram indicator with consideration of the trigger line. The colors of the histograms changes only if the difference Stochastic/Trigger exceeds a threshold value (2% as example). The thin vertical lines show the signal bars. In overbought area the signal histogram should/can be below the upper level (90), and in oversold area above the lower level (10)....
Hi Swingman

No problems for me if its over sold /bought and it continues several candles in the same area, I only take one trade per over sold / bought.
Plan, Patience, Profit
  • #298
  • Sep 24, 2014 1:11am Sep 24, 2014 1:11am
Quoting Wulong
Nice one, SwingMan, I will try your indicators right away. One of my hobbies is testing indicators ... So, a lot are thrown away after testing, if it repaints, I know it very fast. If it's a good one, I might 'use' it for some time and discard it after a while. But the next I'll always use ... SoI have a little present which could be of use. This is a very good MACD, but without histogram. It's two colored, NRP and of course it has a MA which indicates the 'trend'. You can't really call a trend on M1 a 'trend', but a trend is a trend ... You will...
Hi Wulong

Working with one indicator is simple, clean and effective. At the end of the day if you use one or many indicators you are not going to win 100%, all systems will fail at some point, fact. My only edge if I get a looser I double the next trade, so I cant loose in the long term.
Plan, Patience, Profit
  • #299
  • Sep 24, 2014 1:21am Sep 24, 2014 1:21am
keep an eye on usd / cad there could be a sell at 07.25.
Plan, Patience, Profit
  • #300
  • Sep 24, 2014 1:25am Sep 24, 2014 1:25am
Quoting sugarman
keep an eye on usd / cad there could be a sell at 07.25.
false alarm, no entry
Plan, Patience, Profit
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