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BO System? Here is "The Italian jOB"

  • #541
  • Oct 2, 2014 12:20pm Oct 2, 2014 12:20pm
Quoting SeaTheStars
Maybe sugarman can post his stoch indicator. I don´t get the same entreis as him even with the same broker. Standard MT4 Stoch is almost always around 90 or 10, when sugarman posts entries. Actually those that do reach my 5/95 line produce 54% only since Aug 14 on major 10 Pairs.
I may have an explanation for the 54%, but please correct me if I'm wrong. It sometimes happens that the Stoch remains outside 95/5 for several consecutive candles. So if it stayed outside for 3 candles with no price reversal, wouldn't your backtesting give 3 losing trades? With Sugarman's system you'd only have 1 losing trade because he doesn't take the same overbought/oversold set-up more than once.

If I'm right and you were to deduct all the additional losing trades created by the same set-up, that could seriously improve the statistics.
  • #542
  • Oct 2, 2014 1:14pm Oct 2, 2014 1:14pm
Quoting sugarman
yup that`s my lot for the day news out now and at 13.30.{image}
this gbp/jpy at 13.45 should have been a loss and taken at 13.40 , was there a reson you delayed , or you just missed it?
Attached Image (click to enlarge)
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  • #543
  • Oct 2, 2014 2:16pm Oct 2, 2014 2:16pm
Quoting vanupips
{quote} this gbp/jpy at 13.45 should have been a loss and taken at 13.40 , was there a reson you delayed , or you just missed it? {image}
Forgive me for jumping in again and replying to a question to sugar man but as I'm trading this system myself I'm keen to check on any winners of his that may have turned out to be losers for me so if I'm checking my charts anyway it makes sense to share my findings. At 13.40 the signal line was at 4.6155 but the main line was at 5.7461 (unusual, it's normally the main line exceeds the value first) so it was still no trade (on my platform which is FXPro and luckily seems to correspond to sugarman's in most cases).

At 13.45 the main line was at 3.8168 and the signal line at 4.4597 so this was the first candle close where the parameters were met and it was a winning trade.
  • #544
  • Oct 2, 2014 2:29pm Oct 2, 2014 2:29pm
Quoting nervesof
{quote} Forgive me for jumping in again and replying to a question to sugar man but as I'm trading this system myself I'm keen to check on any winners of his that may have turned out to be losers for me so if I'm checking my charts anyway it makes sense to share my findings. At 13.40 the signal line was at 4.6155 but the main line was at 5.7461 (unusual, it's normally the main line exceeds the value first) so it was still no trade (on my platform which is FXPro and luckily seems to correspond to sugarman's in most cases). At 13.45 the main line...
I appreciate your input , as I also want to go live with this system , clarity is very important.
I am using FXDD (same as sugerman), and as you can see the main line was under 5 allready at 13.30!! so this is not the reason. Obviously , Sugarman must use signal line (he never gave this detail , a screanshot from his stoch input would be very helpfull), and still this signal was delayed.
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  • #545
  • Oct 2, 2014 3:05pm Oct 2, 2014 3:05pm
Quoting vanupips
{quote} I appreciate your input , as I also want to go live with this system , clarity is very important. I am using FXDD (same as sugerman), and as you can see the main line was under 5 allready at 13.30!! so this is not the reason. Obviously , Sugarman must use signal line (he never gave this detail , a screanshot from his stoch input would be very helpfull), and still this signal was delayed. {image}
Obviously I don't want to go back over 28 pages of this thread but as I only learned about this strategy here from Sugarman and I knew that both the main line and the signal line have to be outside 95/5 then he must have mentioned it at some point or how would I know?
  • #546
  • Oct 2, 2014 3:12pm Oct 2, 2014 3:12pm
Quoting vanupips
{quote} I appreciate your input , as I also want to go live with this system , clarity is very important. I am using FXDD (same as sugerman), and as you can see the main line was under 5 allready at 13.30!! so this is not the reason. Obviously , Sugarman must use signal line (he never gave this detail , a screanshot from his stoch input would be very helpfull), and still this signal was delayed. {image}
Actually, it's easy to search through the posts so here you go vanupips, I've copied and pasted where Sugarman talked about the signal line. I can kind of see why he gets impatient with questions that he's already answered. (No offence intended to you vanu).

http://assets.forexfactory.net/nfs/c...ar345439_3.gif sugarman
| Replied Sep 25, 2014
{quote} Hi Swingman Basic rules, when the stochastic is over bought both signal and stoch, I would sell, opposite for buy.
  • #547
  • Oct 2, 2014 3:13pm Oct 2, 2014 3:13pm
Quoting nervesof
{quote} Obviously I don't want to go back over 28 pages of this thread but as I only learned about this strategy here from Sugarman and I knew that both the main line and the signal line have to be outside 95/5 then he must have mentioned it at some point or how would I know?
no , he did not. I asked once , but got no reply. But anyway , in this trade (some others also) they were both outside 95/5 and trade was not taken. Could be that he just missed it , and took the trade when he saw it.
  • #548
  • Oct 2, 2014 3:16pm Oct 2, 2014 3:16pm
Just a Suggestion. why dont you enter with the 5mins candle with a 30mins expiry, atleast you will count 6 5nins candle to make sure ur profit is Guaranteed. just a suggestion
  • #549
  • Oct 2, 2014 3:29pm Oct 2, 2014 3:29pm
Just a Suggestion. why dont you enter with the 5mins candle with a 30mins expiry, atleast you will count 6 5nins candle to make sure ur profit is GuaranteeD. giving your option enough room to expire. just a suggestion
Attached Image (click to enlarge)
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  • #550
  • Oct 2, 2014 3:32pm Oct 2, 2014 3:32pm
One point is causing this confusion I believe.

We are looking at the history, ie the candle has formed and closed, stoch value for that candle determined and already painted however we are missing the fact that during the formation of a candle stoch repaints like every other indi, so during this period of time before the candle closes the values of the main line and the signal line may as well be over/below the specified parameters.

We don't know if for Sugarman this is a valid signal or he only considers the stoch values after the candle close.
B777
  • #551
  • Oct 2, 2014 3:38pm Oct 2, 2014 3:38pm
Quoting francisakz
Just a Suggestion. why dont you enter with the 5mins candle with a 30mins expiry, atleast you will count 6 5nins candle to make sure ur profit is GuaranteeD. giving your option enough room to expire. just a suggestion {image}
Not always, but that's another approach. In a strong trending market even if you use 30 min expiry you'll lose.
No strategy is fool proof.
If somebody has got time in their hands and compares both 5 and 30 min expiry results that might give an idea.
B777
  • #552
  • Oct 2, 2014 3:42pm Oct 2, 2014 3:42pm
your option should always be bearish movement in Strong bearish trends, if you attempt bullish movements, you will always be cut off. atleast this will reduce the loss
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  • #553
  • Oct 2, 2014 4:39pm Oct 2, 2014 4:39pm
Quoting vanupips
{quote} no , he did not. I asked once , but got no reply. But anyway , in this trade (some others also) they were both outside 95/5 and trade was not taken. Could be that he just missed it , and took the trade when he saw it.
He probably didn't reply to you because he'd already replied 5 days earlier to Swingman (see below). He must have the patience of a saint answering the same questions over and over again. I'm really interested in this strategy so I have read this entire thread 3 or 4 times to make sure I haven't missed anything. Maybe you could do the same.


http://assets.forexfactory.net/nfs/c...ar345439_3.gif sugarman
| Replied Sep 25, 2014
{quote} Hi Swingman Basic rules, when the stochastic is over bought both signal and stoch, I would sell, opposite for buy.
  • #554
  • Oct 2, 2014 7:48pm Oct 2, 2014 7:48pm
Quoting nervesof
{quote} ... he'd already replied 5 days earlier to Swingman ... .
sugarman never directly answered this in detail.

Quoting sugarman
{quote} ... when the stochastic is over bought both signal and stoch, I would sell, opposite for buy.
If you look at the images of the charts that sugarman posted - zoom in really big - there is only 1 one stochastic line.

sugarman correct me if I'm wrong but, when you mention "over bought both signal and stoch" you mean "signal " the candle and/or the 95/5 stoch levels.
When you mention "over bought both signal and stoch" you mean the stochastic line.

Reading the whole thread, over and over, that is my understanding of it.

sugarman please reply - are you using the stochastic main or signal line? from your attached images you are not using both!
The problem is not giving offence but taking offence!
  • #555
  • Oct 2, 2014 11:46pm Oct 2, 2014 11:46pm
Good Morning Nervesof

Thank you for taking time answering the relevant questions.

The market is going to be slow today due to NFP, so I will not be trading.

Good luck to you if you are.
Plan, Patience, Profit
  • #556
  • Oct 3, 2014 2:11am Oct 3, 2014 2:11am
Not trading today, just showing you 2 perfect winning trades.
Attached Image
Attached Image
Plan, Patience, Profit
  • #557
  • Oct 3, 2014 2:30am Oct 3, 2014 2:30am
lets see how this buy pan`s out.
Attached Image
Plan, Patience, Profit
  • #558
  • Oct 3, 2014 2:34am Oct 3, 2014 2:34am
Quoting ChrisGC
{quote} sugarman never directly answered this in detail. {quote} If you look at the images of the charts that sugarman posted - zoom in really big - there is only 1 one stochastic line. sugarman correct me if I'm wrong but, when you mention "over bought both signal and stoch" you mean "signal " the candle and/or the 95/5 stoch levels. When you mention "over bought both signal and stoch" you mean the...
Hi sugarman, am I on your ignore list?
The problem is not giving offence but taking offence!
  • #559
  • Oct 3, 2014 2:36am Oct 3, 2014 2:36am
you win some and you lose some,
Attached Image
never mind.
Plan, Patience, Profit
  • #560
  • Oct 3, 2014 2:56am Oct 3, 2014 2:56am
Quoting ChrisGC
{quote} Hi sugarman, am I on your ignore list?
no, you just need to re read the thread, your answers are there.
Plan, Patience, Profit
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