Yardie... I agree. You also stay in the trade until the RSI crosses back. It really helps keeping you on the right side of the trade.
Bago
Bago
"Skills pay the bill's!"
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Quoting renasdadDislikedBy putting donchian channels on the chart, that could help filter out whipsaws. Lets say we get a buy signal, the MAs cross and RSI is above 50. If price is between the DCs, there is a very good chance of price dropping again. If price breaks the DCs, then it goes higher.Ignored
Quoting ut2DaMaxDisliked... Trend Manager looks nice as it is. Can you create it so any broker can be used as well? And maybe few added visable moving averages etc., for a tunnel and 5/8 - 5/12 crosses ... [as options] EA optional might be a very nice system, I think. Over [2k pips] in 3wks., system is worth looking at ... and prefecting. Thanks for the research ... can't wait to see what you come up with. Thank you for you're help with the [orangeroshan method] ... and or you're version!Ignored
Quoting renasdadDislikedI'm not sure if this has been mentioned before or not. There was a lot of reading to do to get through this whole thread. When opening a position, how do you guys calculate how much you open with? Do you just open with a predetermined amount of your equity and just wait to exit your trade at Vegas Fib Levels?
How about opening a position with a certain amount then once switched to the 1 hr charts, add to the position. Then, once price goes through the Vegas tunnel, add to the position again. Once price has gone through the tunnel, you have added to your original position 2 more times. You now have 3 "position" in one. Once the fib levels get reached, take each position off.
By looking at this system closer, I think it is very good and could be maximized even more. Money Management is the key to succeed.
I would like to manually backtest this somehow. It seems pretty hard to do though because of going from 30 minute chart to 1 hr chart. Although, all the MAs and 1hr vegas tunnel could be put on 1 chart. It might take me a couple days to get to it but, I will figure something out to manually backtest it.
I am gonna try to figure out what is needed hust for the 30 minute chart to do the backtesting. If someone has it figured out, could you please post it so I can compare what I come up with? Or even PM me. This looks really good guys.Ignored
Quoting YardieDislikedI think we need to summarize the following for Gavner:
Entry: I say Bagovino Menthos with 5/12 EMA and RSI
Take Profit: This one is trickier...put I suggest at least 20 pips (maybe a trailing like AZ said)
Stop Loss: This could be fixed (say 20 pips) or it could be based on some of the indicators for example <RSI SHORT for 55 RSI and LONG 45>. We can also use a stop and reverse.Ignored
Quoting YardieDislikedI am a big fan of leaving MM to each individual instead of building it into an EA. I prefer to use fix lots than have the EA make that decision for me.Ignored
Quoting GavnerDislikedHey 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?Ignored
Quoting bagovinoDislikedOrange,
Thanks for the sharing of Tiga! I studied it briefly and noticed the addition of the 9 SMA seems to work as a great exit on the GBP/USD 30 min. You are also right about the 21 RSI lagging.
However, this is not true for the EUR/USD which tends to trend smoother. I will look into it, thanks If you look over your charts, the 21 RSI works excellent with the EURO 30min and 1hr. chart. The 9 SMA on the EURO 30 min tends to get you out prematurely as there will be a cross of the 5/9 but not the 12 and the currency will continue to drift into more profit if you would have stayed in.
Thats true. As the information I put on the PDF are incomplete, its less than half of the actual trading strategy using the 9SMA, im glad you noticed it. There are additional info that i didnt mentioned, like switching to the 1hr chart with the 9SMA. The confirmation entry & exit can be futher strengthen this way plus the use of elliotwave. I didnt mentioned this as its still under development.
I mainly trade the EUR/USD. I'm not as comfortable with the GBP as it is much choppier. It looks like your Tiga will definitely work for the GBP 30min. I will look into it further.
Would you mind going into how you trade it a bit more? The Tiga Abdul (i give it a different name, because there is many version of Sidus now), is also designed to maximised trading time so more time and lots can be reuse to trade with other pair, hence the word TIGA, meaning 3. The 9SMA is designed to suit traders personalities & style. Its very aggressive. In due time, I will post the complete TIGA ABDUL strategy with the use of 2 other filters.
Thanks,
BagovinoIgnored
Quoting fingotraderDislikedYo Orange,
thanks for the nice doc . Can you explain a little abt the 100/30 system whcih you mention also? MA's or? I searched this tread for info but no luck.
Thanks in advance
FTIgnored
Quoting traderdpDislikedAgain thank you so much OrangeRoshan for your very generous contribution to this thread.
1. Could you please explain the definition of the 100/30 system and
2. can you also clarify the definitions of Black Hole and Maximizer
The black hole is a situation when the 28&18 tunnels on the 1hr or 30mins enter the 5&12. When this happen, it tend to pull prices down at least 2 OHLC bar.
The maximiser is when the 5&12 enter the 28&18 tunnel. The last cross of either 5&12 acts as tp or exit, as most of the time the pips are maximised
is the Maximizer the point when the price, the Vegas 1 hour tunnel, and the 12 EMA all converge?
No, thats when we expect abig move.
Any and all help is greatly appreciated
thanks again
traderdpIgnored
Quoting forexstacyDislikedHi ,
I haven't posted on this subject before but i have been watching with great interest.
I would just like to clarify something that Bagovino came up with if i may.
Does the process go
stage 1: 30m chart with 5&12 ema with a 21 rsi. for initial entry.
Stage 2: keep a close eye on the above waiting to see confirmation on the sidus chart (which is now using the 5&12 ema (not wma) along with 18&28 ema ( which we are waiting for the 5&12 to cross to confirm the trend.
Stage 3and this is where it gets a little hazy!)
use a 144&169 ema ???and look for what?
could someone help me on this third stage please i have looked all through the threads and am unable to piece this together.
I think you guys are doing a great job here and i look forward to enlightenment!
ThanksIgnored
Quoting renasdadDislikedI am not gonna be trading with an EA. I will be doing it manually. Anyone that wants to use an EA, go right ahead. I just don't like the idea right now for the way I trade.
If anyone is interested in working on some MM with this like adding to a position at certain areas, please PM me. I think there is some good potential here for this area.Ignored