New profitable System - Sidus

Quoting traderdp

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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

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Quoting hanselgreetel

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Have anyone tried to generate autotrade signal for sidus method at vt trader platform? I would like to know if anyone got the settings. Mind to share?

p/s: vt trader having some connection problem recently, however they have made some changes and it works much better this week. They will keep rectify the defects.

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Quoting renasdad

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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? Yes, it is. But I also used the Vegas Daily into the 30mins (cable$).

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.

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Quoting bagovino

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TraderDP,

Nice summary.... One thing though.... On the 1 hr Sidus he uses a 5/8 WMA cross. I use a 5/12 EMA. Other than that, very well said!

Orange,

What is this new exit/entry system? I'd love to check it out.

And as far as the EA... How is it coming along?

Thanks all!

Bagovino

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Quoting Gavner

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So here's the deal guys: It was taking a while to make the EA because there are several different methods out there, and I was repeatedly getting confused about which method people want the EA to use. So, right now I'm trying to write it in a pretty customizable way, so you can choose whether you want 5/8LWMAs or 5/12EMAs or X/Y Simple/Exponential/Smoothed/LinearWeighted for your triggers. The problem is not coding at this point though, but rather the method. Here's a short list, hopefully you guys can help clarify so we can get this thing done soon (more pips for all ):
1) Using the RSI filter: I think filters are a good idea for any autotrading system, due to the high number of false signals that eat up profit. But here's the thing: RSI doesn't always cross 50 at the same time the triggerlines do(triggerline=general term for 5/12EMA or 5/8LWMA or whatever you prefer). Do we need both signals to enter? Do we need both to exit? I recommend requiring only the triggerline cross for entry (since the RSI usually follows within 1~2 bars) but waiting for RSI and triggerline signals to exit.

I would like to use both signals for entry, because it cleans many false entry. And I wouldn't use RSI for exiting because from what I saw RSI seems to be more sensitive to price fluctuations. I saw serveral times when RSI crossed 50% line briefly but the trade was still valid. Maybe that's just me and we need more statistics.

2) The Tunnels: Do we look for the triggerlines to cross through the tunnel for entry? Or just to stay in? Or for exit? The Sidus PDF seems to dictate that we use the triggerlines passing through the tunnel lines as entry, and the tunnel lines recrossing counter to our trade for exit. (This will lead to overlaps/hedging by the way, since the fast emas will cross through the tunnel before the tunnel crosses itself in the same direction, i.e. the fast EMA long signal occurs before what would be the previous-short-trade-exit-signal {tunnel line crossing}). However, I think Bagovino's faster-entry-strategy calls for entering on the fast MAs crossing each other... What is the actual exact strategy?? Also what is the Vegas tunnel that traderdp mentioned? Is that part of the strategy?

I would prefer Bagovino()'s faster-entry-strategy because it did give reliable and early entry signal.

Sorry I'm confused guys, but I can't really program this without knowing which ways we're doing things. If someone could succintly state an exact set of entry & exit rules, I'd really appreciate it. I can incorporate partial profit taking at different levels, etc... but I need to know the exact strategy.

If you look at this whole thing as a simple trade operation it will be much easier to program. Basically you just need to make two decisions: enter and exit.


For entry, you just need to consider Bagovino's 5/12 EMA and RSI 21 criteria because it always signal earlier than Sidus and Vegas stategies.


For exit, that 's when the 3 phases strategy come into play.


In phase 1, we use Bagovino's exiting criteria for exiting (5/12 EMA recrossing if we don't consider RSI here), until Sidus's entry criteria is met;


When it's met, we are in phase 2 and we abondon Bagovino's exiting criteria and then adopt Sidus exiting criteria (either the slower EMA recross again or using fib numbers to exit gradually). we do this until vegas's entry criteria is met (the price cross through the EMA 144/169).


Now in Phase 3, we use fib numbers to exit gradually. The difference of using fib numbers for exiting in phase 2 and 3 is that, in phase 2, the base number for calculating exiting price is the entry point of phase 2, while in phase 3, the base # is the EMA 144 (or 169, because they are usually very close any way after the price break out the tunnel).

Thanks in advance and sorry for the delay,
Gavner

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Quoting OrangeRoshan

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Ok, its not perfected yet, and Im still enhancing its potential & trying to explain its characteristic as simple as possible, but since I made over 200 pips minimum a day with it and most of you help me to developed it, I will try to post "Tiga Abdul" later this week.

Happy weekend!

Thanks to everyone!

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