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New profitable System - Sidus

  • #341
  • Jul 28, 2006 2:04pm Jul 28, 2006 2:04pm
how is it different than the 1Hr. Sidus method? Just wanted clarification on those settings. I am making notes as I follow this thread! Great Job!!!


Quoting OrangeRoshan
The GBP/USD was to volatile at this moment. Both tunnels are very narrowed. I almost lost a good piping trade. So, at this market condition, I turned to Vegas 4hr tunnel with the same EMAs. It is smooth & very accurate.

Now, I can watch the screen while stroking my cat! Meow...
  • #342
  • Jul 28, 2006 2:06pm Jul 28, 2006 2:06pm
GaVNER THANKS FOR YOUR efforts with the improvements. Credit is owed to TRADEIGEL for creating the EA.

Quoting Gavner
I took a second to add a TP. The EA you posted is nearly exactly what I was going to write. As for taking profit at several levels, could you specify what these "vegas fibs" are? Are they set numbers of pips?
I will add multiple TP levels tonight or tomorrow, I'm actually headed to Sea World with the family for right now...sorry for the delay.
Good luck with everything,
Gavner
  • #343
  • Jul 28, 2006 2:09pm Jul 28, 2006 2:09pm
Ywes you can override the EA at any time with stop loss, closing it etc. BTW one of the things I notice about the EA is that it closes a position if a new trade is made in the other direction of the first trade that was triggered.



Quoting sovo1970
I have one question..when we run this EA. does computer have to be on all the time.....and to Yardie and Gavner..Can we manually, close the trade or move stop loss to BE......thanks

sorry if it is stupid question..never try EA before...thanks lol
  • #344
  • Edited 2:43pm Jul 28, 2006 2:42pm | Edited 2:43pm
I am debating to go with -


fxstrategybuilder.com


or


InterbankFX.com

wanted to try with MT4 platform ... DEMO ...

is there much difference in you're opinion of these two Brokers?

Thanks so much ... I am so grateful to you all for you're input in a good system for a EA etc., !!!




<o></o>
  • #345
  • Edited 2:57pm Jul 28, 2006 2:56pm | Edited 2:57pm
This is sort of a cool site for broker ratings ... not sure ... how much I should put into it though?

http://www.forexbastards.com/broker_reviews.shtml
  • #346
  • Jul 28, 2006 4:15pm Jul 28, 2006 4:15pm
Oops! I accidentally uploaded the EA before saving it...the one I uploaded before will not work properly, sorry! I was in a rush to get out the door with the family and goofed. The version attached now is what should have been there this morning.

Now, as for the multiple-take-profit levels: I think the easiest way is to just recode the EA to place several partial orders with individual TPs. In other words, the parameters could say something like:

TPLevel1=15;
TPLevel1Lots=3.0;
TPLevel2=20;
TPLevel2Lots=1.0
TPLevel3=35;
TPLevel3Lots=0.5;

The above would basically be a 4.5 lot order from the entry, which would close 3 lots at +15pips, 1 lot at +20, and .5 lots at +35 pips. Something along those lines. This way, the user could define individual TP levels and sizes. Does this sound good to you guys? Also, I could write it so that the SL is moved up to the last used TP level; in other words, if we got our first 15 pips, the SL on the other orders would change to +15, so we at least get TPLevel1 worth profit on all lots. Sound like a good idea?


On a separate note, do we really want to use TP/SL/TS as the exit? Or would you guys prefer something based internally on the system's signals, for example, if the order is a buy and the RSI drops below 50 OR the 5EMA recrosses the 12, then exit? What do you think?


Please give me any suggestions as to what you'd like, I'll code anything that you guys want (so long as I can do it hehehe...).


Good luck with trading to all,
Gavner
Attached File(s)
File Type: mq4 EMA_Cross v.1.1.mq4   6 KB | 709 downloads
  • #347
  • Jul 28, 2006 4:59pm Jul 28, 2006 4:59pm
Natgo,

How did you get the time left to bar end display in Post 74? I have been trying to find something like that for MT4....
  • #348
  • Jul 28, 2006 5:35pm Jul 28, 2006 5:35pm
Quoting Gavner
Oops! I accidentally uploaded the EA before saving it...the one I uploaded before will not work properly, sorry! I was in a rush to get out the door with the family and goofed. The version attached now is what should have been there this morning.

Now, as for the multiple-take-profit levels: I think the easiest way is to just recode the EA to place several partial orders with individual TPs. In other words, the parameters could say something like:

TPLevel1=15;
TPLevel1Lots=3.0;
TPLevel2=20;
TPLevel2Lots=1.0
TPLevel3=35;
TPLevel3Lots=0.5;

The above would basically be a 4.5 lot order from the entry, which would close 3 lots at +15pips, 1 lot at +20, and .5 lots at +35 pips. Something along those lines. This way, the user could define individual TP levels and sizes. Does this sound good to you guys? Also, I could write it so that the SL is moved up to the last used TP level; in other words, if we got our first 15 pips, the SL on the other orders would change to +15, so we at least get TPLevel1 worth profit on all lots. Sound like a good idea?


On a separate note, do we really want to use TP/SL/TS as the exit? Or would you guys prefer something based internally on the system's signals, for example, if the order is a buy and the RSI drops below 50 OR the 5EMA recrosses the 12, then exit? What do you think?


Please give me any suggestions as to what you'd like, I'll code anything that you guys want (so long as I can do it hehehe...).


Good luck with trading to all,
Gavner
We probably wouldn't want to have it exit if it recrosses, necessarily... Because this is really just a preemptive entry for the longer term sidus method based on the 30 minute chart. So if it was possible though you could do the following for a short trade:
If 5 & 8 WMA on the 1 hour chart are above the 18 & 28 EMAs, and if the 5 EMA recrosses the 12 EMA to the upside on the 30 minute chart, then exit. Does that make sense? Then the opposite for a long trade.

On the exit limit orders, it should be Fib levels calculated from the price at the cross of the 5 & 12 EMAs on the 30 min chart. The levels that I ahve found to be the best is: exit 1/3 at 21. exit 1/3 at 34. And exit 1/3 at 89.
And on moving the stops up when a limit order get's filled, you wouldn't want to move it to the price it was filled at because you would very likely get stopped out. probably what would be good is: the value you were limited out at - 30 pips.
E.G. Short the USD/JPY at 115.52. (This was a sell signal here btw) 1st order exits at 115.31. Limits get's moved to 115.61. (31+30) Next order get's exited at 115.18. Limit get's moved to 115.48. (18+ 30) Last order is exited at 114.63. All of these orders would have been met. Total pips profit gained = 144. I did this, or close to it on a trade on the dollar yen earlier. I posted the charts on those entry signals. And now here is another example of this on the dollar yen, which I realized that I missed this morning/ last night.

Hope this helps. If you can understand the above you can also just trade it manually which is what I'm doing. It's basiclly the sidus method with bagovino's additions/ or organizations.
  • #349
  • Jul 28, 2006 5:38pm Jul 28, 2006 5:38pm
Quoting et_phonehome_2
Natgo,

How did you get the time left to bar end display in Post 74? I have been trying to find something like that for MT4....

Here is the indicator you are looking for.
Attached File(s)
File Type: mq4 bar_close_alarm_V1.mq4   2 KB | 801 downloads
JOHN 3:16
  • #350
  • Jul 28, 2006 7:15pm Jul 28, 2006 7:15pm
Quoting ut2DaMax
This is amazing stuff as many pips you have been netting. I talked to one guy at a broker that said George S. is happy with 200 pips a month. Guess you have showed us ... you are one of the best. ha? With an EA 30min and 1hr options .... trailing stops ... semi auto option ... to fully robotic auto trading .... sounds pretty good to me! I will DEMO first before I would dare trade it that way though!

I want to personally also thank you ***gavner*** for offering to help put this package together. Thanks all!!!

You take the word right out of my mouth...Great Tri-Systems....Now, let's all go out and collect the pips...lol
  • #351
  • Edited 9:33pm Jul 28, 2006 8:44pm | Edited 9:33pm
I think I will use stretegybuilderFX then for a DEMO act..

Somehow I deleted the wrong post ... oh well ... Thanks all!
  • #352
  • Jul 28, 2006 9:13pm Jul 28, 2006 9:13pm
StrategybuilderFX has unlimited demo accounts. Not sure about INterbankFX. Most brokers have time limited demo accounts (ex. 30 days).



Quoting ut2DaMax
I am debating to go with -


fxstrategybuilder.com


or


InterbankFX.com

wanted to try with MT4 platform ... DEMO ...

is there much difference in you're opinion of these two Brokers?

Thanks so much ... I am so grateful to you all for you're input in a good system for a EA etc., !!!




<?xml:namespace prefix = o /><o></o>
  • #353
  • Jul 28, 2006 9:20pm Jul 28, 2006 9:20pm
I think +- 5 RSI can be used as the stop loss. So a LONG position is closed only if the RSI dips to 45 or a SHORT position is closed only if the RSI rise to 55. This way one can avoid whipsaws. Another thing that can be looked at is the original EA closing out a current order when a new order of the same pair is open (in the order direction). I like AZ's ideas too.



Quoting Gavner
Oops! I accidentally uploaded the EA before saving it...the one I uploaded before will not work properly, sorry! I was in a rush to get out the door with the family and goofed. The version attached now is what should have been there this morning.

Now, as for the multiple-take-profit levels: I think the easiest way is to just recode the EA to place several partial orders with individual TPs. In other words, the parameters could say something like:

TPLevel1=15;
TPLevel1Lots=3.0;
TPLevel2=20;
TPLevel2Lots=1.0
TPLevel3=35;
TPLevel3Lots=0.5;

The above would basically be a 4.5 lot order from the entry, which would close 3 lots at +15pips, 1 lot at +20, and .5 lots at +35 pips. Something along those lines. This way, the user could define individual TP levels and sizes. Does this sound good to you guys? Also, I could write it so that the SL is moved up to the last used TP level; in other words, if we got our first 15 pips, the SL on the other orders would change to +15, so we at least get TPLevel1 worth profit on all lots. Sound like a good idea?


On a separate note, do we really want to use TP/SL/TS as the exit? Or would you guys prefer something based internally on the system's signals, for example, if the order is a buy and the RSI drops below 50 OR the 5EMA recrosses the 12, then exit? What do you think?


Please give me any suggestions as to what you'd like, I'll code anything that you guys want (so long as I can do it hehehe...).


Good luck with trading to all,
Gavner
  • #354
  • Edited 12:34am Jul 29, 2006 12:18am | Edited 12:34am
Hey azhotpipper-
Thanks for the detailed response, I am nearly done coding exactly what you have described. However, I'm wondering what entry strategy you're using...is it just the 5/12EMA cross on the 30min chart while the hourly has the 5/8LWMAs on the proper side of the tunnel (i.e. the opposite of the exit signal)? This is how I'm coding it at the moment, if I need to I can change it later. Exits are in some ways more important, and you described them very exactly, thanks for that. I have one more question though: If we are using a stepped take profit, would you still like trailing stops on each partial order? Or will the increased stops that occur at each new profit level make a trailing stop unneccesary?

Thanks and I'll post the new version of the EA soon.

P.S.-No offense to whoever wrote the version I started with, but I simply rewrote all of the code. I just do things one way, and the other author does them a little differently. Rewriting it just helps me keep things clear. Anyway, this is why the "author" tag will now just list me Hope the previous author doesn't object?
  • #355
  • Jul 29, 2006 1:02am Jul 29, 2006 1:02am
Quoting ut2DaMax
how is it different than the 1Hr. Sidus method? Just wanted clarification on those settings. I am making notes as I follow this thread! Great Job!!!
The trend shown shown by Sidus is represented by EMAs, but with the Vegas 4hr tunnel, The fibs with its own sets of rules according to the pair traded, has its own unique way of telling you where exactly the market is going to move.

There are some techniques which I cant disclosed because, a privelege info that i learned from a private Forum here at FF, The James16 Group. When you are a member, go thru Knife System, you will see how the 4hr Vegas enhances the Sidus method.

I hope that helps.
Change Your Thinking. Change Your Life - JD
  • #356
  • Jul 29, 2006 1:07am Jul 29, 2006 1:07am
Theres an EA for EMA crossing and works beautifully. It does most of the stuff we talk about here including money management. Its designed by "CODERS GURU".

See when we can incoperate with the ones we have already.

Hope this help a bit.
Attached File(s)
File Type: mq4 EMA_CROSS_2.mq4   6 KB | 872 downloads
Change Your Thinking. Change Your Life - JD
  • #357
  • Jul 29, 2006 3:35am Jul 29, 2006 3:35am
Does somebody did backtest this strategy for moe than 100 days.
Strategy works good in last 2 months.
  • #358
  • Jul 29, 2006 3:53am Jul 29, 2006 3:53am
Ok, I just went through this whole thread. Very nice info here in a very short amount of time. I am gonna get everything on my charts and start taking a look at this.

Just so I am up to par with how everyone else is trading this....

On the 30 min charts, 5 and 12 EMA with RSI 50
1hr charts, 5 and 8 EMA with 18 and 28 WMA
Then I know VWB is incorporated in this also. How does that get incorporated? I know it is for the fib levels to take profits. Is that put on the 1hr charts along with the 5/8 EMA and 18/28 WMA?

Is that it? There is 24 pages of posts here in 1 month!!!!! That's alot of reading and tweaking. I just want to be on the same page as everyone else. I am gonna be studying this quite a bit and add my 2 cents when I get a chance.
JOHN 3:16
  • #359
  • Jul 29, 2006 5:45am Jul 29, 2006 5:45am
Hi to all, and my complements to everyone involved in nurturing such a promising strategy - especially to Sidus, and Bagovino who got the ball rolling. this appears to look like a grand slam home run! Bagovino's idea of combining different aspects of this tri-phase process to take into account ranging and trending conditions is simply brilliant!
Since some changes have been made along the way, please take a look to see if my Phase One-Two-Three Rules are correct at this time -

Phase One to Enter Long on 30 minute chart:
RSI (21) goes from < 50 to > 50
5 EMA line goes from < 12 EMA to > 12 EMA line
36 EMA (tunnel line) < 56 EMA (tunnel line)
both 5 EMA and 12 EMA lines < both Tunnel lines (36 EMA and 56 EMA)
are the 5 WMA and 8 WMA now dropped from consideration
at this phase?

Phase Two (Sidus) to Continue Long on 60 minute chart:
once 18 EMA tunnel line crosses above 28 EMA tunnel line
2.5 EMA line continues to be > 6 EMA line
RSI (21) continues to stay > 50
both 2.5 EMA and 6 EMA lines move above and stay above both tunnel
lines (18 EMA and 28 EMA)

Phase Three (Vegas) to Continue Long on 60 minute chart:
look for price to cross from below to above Vegas Tunnel
if it does - then look for exits as per Fib levels outlined by Vegas

Any and all help in sincerely appreciated
traderdp
  • #360
  • Jul 29, 2006 9:19am Jul 29, 2006 9:19am
Renasdad

Thanks for the indicator.

ET
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