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New profitable System - Sidus

  • #481
  • Jul 31, 2006 12:27pm Jul 31, 2006 12:27pm
Quoting bonmeister
Which pairs are you trading?

I usually wait until the candle closes after crossing the RSI's 50 unless the candle has lots of momentum in which case I will enter before a close. It still needs to be across the RSI's 50 mark though.
I have been trading the eur/usd. Ihave had a look at metatrader ,which i am not really used to, and it does seem that the 5&12 cross the 18 & 28 less frequently than on oanda. I don't know why this should be but it would signal fore me to enter the market more often. I have been waiting for the RSI to touch the 50. It seems that i will need to change to a broker who uses metatrader if i want to use any EA's in the future. Bummer really because i really trust oanda but they are let down a bit by their charting. This isn't so much of a problem when using fundemental of course as i have.
Sorry if i keep going on about this entry but it really has hit me today how tricky this is . I have a good run lately but this has given me a reality check today. any ideas for dependable brokers using the metatrader platform?
  • #482
  • Jul 31, 2006 12:59pm Jul 31, 2006 12:59pm
Quoting forexstacy
I have been trading the eur/usd. Ihave had a look at metatrader ,which i am not really used to, and it does seem that the 5&12 cross the 18 & 28 less frequently than on oanda. I don't know why this should be but it would signal fore me to enter the market more often. I have been waiting for the RSI to touch the 50. It seems that i will need to change to a broker who uses metatrader if i want to use any EA's in the future. Bummer really because i really trust oanda but they are let down a bit by their charting. This isn't so much of a problem when using fundemental of course as i have.
Sorry if i keep going on about this entry but it really has hit me today how tricky this is . I have a good run lately but this has given me a reality check today. any ideas for dependable brokers using the metatrader platform?
I think the problem is not which broker do you use, it is about how to prevent whipsaw?
  • #483
  • Jul 31, 2006 1:01pm Jul 31, 2006 1:01pm
I think it is because of the weekend gap in oanda's chart. The gap was taken into account by the indicators in Oanda as non moving periods while they are not MT4. That's why I get signals from MT4 and trade in oanda.

Tomorrow's results should be much more consistent between these two platforms.


Quoting forexstacy
I have been trading the eur/usd. Ihave had a look at metatrader ,which i am not really used to, and it does seem that the 5&12 cross the 18 & 28 less frequently than on oanda. I don't know why this should be but it would signal fore me to enter the market more often. I have been waiting for the RSI to touch the 50. It seems that i will need to change to a broker who uses metatrader if i want to use any EA's in the future. Bummer really because i really trust oanda but they are let down a bit by their charting. This isn't so much of a problem when using fundemental of course as i have.
Sorry if i keep going on about this entry but it really has hit me today how tricky this is . I have a good run lately but this has given me a reality check today. any ideas for dependable brokers using the metatrader platform?
Target: Trading naked.
  • #484
  • Jul 31, 2006 1:38pm Jul 31, 2006 1:38pm
Quoting aha
I think it is because of the weekend gap in oanda's chart. The gap was taken into account by the indicators in Oanda as non moving periods while they are not MT4. That's why I get signals from MT4 and trade in oanda.

Tomorrow's results should be much more consistent between these two platforms.
Aghhhhh! That makes sense now. i have the metatrader charts up now and i would have saved myself the heart ache . I willfollow your lead then from now on. Do the charts stay up on metatrader even if you log out, only i did it earlier and i have had to put all my ema 's and rsi back on.
  • #485
  • Jul 31, 2006 2:26pm Jul 31, 2006 2:26pm
Quoting bonmeister
Let us know how it works out.

I stay away from GBP/JPY using the 5-12 cross because of the large spread.
Trade is working out PERFECTO!

Booked 2 lots @ first fib # for 34pips, booked 2 more lots @ 2nd fib # for 55 pips and have 1 lot running the distance.

The amazing thing is that this trend went all the way up to the exact 3rd fib level from my entry point, usually it's close, but hardly ever right on the money.

http://i7.tinypic.com/21kynuo.gif
  • #486
  • Jul 31, 2006 3:34pm Jul 31, 2006 3:34pm
hey guys, ive been reading this post for a day now and it seems like there are lot of valuable info. I have set up my ema's 18/28 and wma's 5/12 and rsi 21 but what i dont get is if 5 crosses 12 upward and they both cross ema's with rsi above 50 is that a strong buy? also it seems that on a 30 min chart we are missing some pips because ema and wma is not reflected on the chart that fast. i've noticed someone had a system or an idea to use in addition to use with these indicators? any ideas?
  • #487
  • Jul 31, 2006 3:51pm Jul 31, 2006 3:51pm
Here's a suggestion, instead of RSI above/below 50, make it above 52 and below 48. Or you could flip it. Below 52 and above 48
JOHN 3:16
  • #488
  • Jul 31, 2006 4:11pm Jul 31, 2006 4:11pm
Would you please post the screenshot? The indicator works great here on my computer.



Quoting nchosen
I am having all 4 lines together with Sidus Baco Entry Indicator. What's wrong with it?

nchosen
Target: Trading naked.
  • #489
  • Jul 31, 2006 4:41pm Jul 31, 2006 4:41pm
Wouldnt one miss a big chunk of pips with this setting?



Quoting renasdad
Here's a suggestion, instead of RSI above/below 50, make it above 52 and below 48. Or you could flip it. Below 52 and above 48
  • #490
  • Jul 31, 2006 4:42pm Jul 31, 2006 4:42pm
Ok guys, I had this indicator tucked away with my buttload of indicators. I just found it today. I am not exactly sure how it works but, it seems to add an extra guarantee of a good trade. I will post a chart as well to show what it looks like. I have the regular RSI 50 and this StepMARSI on the chart. The blue and orange line will cross the purple line which confirms a sell/buy. Use it along with the regular RSI. There are many times the regular RSI will touch the 50 and counce off. When that happens, the blue and orange lines will not cross the purple line. There is another indicator that goes along with this one that if anyone likes this one, I will post the other one, I think with those two alone, it would probably make its own system. Let me know what you think.
Attached Image
JOHN 3:16
  • #491
  • Jul 31, 2006 4:44pm Jul 31, 2006 4:44pm
Quoting Yardie
Wouldnt one miss a big chunk of pips with this setting?
Yes sometimes possibly. One would not lose some pips also on headfakes too. I guess it would be a conservative approach. I am basically throwing ideas out there to get peoples brains working and improve this awesome system.
JOHN 3:16
  • #492
  • Jul 31, 2006 4:45pm Jul 31, 2006 4:45pm
Well I am all for anything that filters our headfakes!



Quoting renasdad
Yes sometimes possibly. One would not lose some pips also on headfakes too. I guess it would be a conservative approach. I am basically throwing ideas out there to get peoples brains working and improve this awesome system.
  • #493
  • Jul 31, 2006 4:51pm Jul 31, 2006 4:51pm
Is this available on the VT platform? Thanks.
"Loss and failure are inevitable but misery is optional"
  • #494
  • Jul 31, 2006 6:43pm Jul 31, 2006 6:43pm
I used to use the VT platform. THis system is easy to set up on it.
Just click on add indicator 4 times, once for each MA.
First time select 18 for period and Expo. under type
2nd time select 28 for pereod and Expo. under type
3rd time select 5 for period and either expo or weighted under type
4 time select 12 or 8 for period etc.
change the color of the 5 and 8 to blue and yellow

I made the lines a little thicker also so they are easier to see.
also I added the RSI and set the period to 21
  • #495
  • Jul 31, 2006 6:46pm Jul 31, 2006 6:46pm
Thanks for the info on putting this on the VT platform!
"Loss and failure are inevitable but misery is optional"
  • #496
  • Jul 31, 2006 6:49pm Jul 31, 2006 6:49pm
Quoting renasdad
Yes sometimes possibly. One would not lose some pips also on headfakes too. I guess it would be a conservative approach. I am basically throwing ideas out there to get peoples brains working and improve this awesome system.
I like the idea of using RSI 52 and 48 also. Or even 51 and 49 if you prefer... I've recently had some losses using the sidus method and this would have helped prevent them. Also a factor that I am going to start taking into consideration is the ANGLE of the 5 & 12 EMAs when they are crossing each other. Steeper angle = stronger buy/sell signal. This would also have prevented some of my recent losses.

Personally I would prefer a simple adjustment of the RSI instead of adding a whole new indicator. The appeal of this system is it's simplicity and if we keep adding things it's just going to get too confusing.

Let me know back on what you think of taking the angle of the 5 & 12 EMAs into account (30 min window) before entering a trade.

Again. If anyone wants to instant message me they can. I normally trade a bit in the asian session, then most of the Euro session and the beginning of the US session. ([email protected] on MSN)
Attached File(s)
File Type: txt forex writeup.txt   5 KB | 619 downloads
  • #497
  • Jul 31, 2006 8:12pm Jul 31, 2006 8:12pm
Did anyone else take that Sell on the last bar of the 30min on EURUSD? ouch
  • #498
  • Jul 31, 2006 8:37pm Jul 31, 2006 8:37pm
It looks like a valid signal at about 1.2764 or certainly by the 00:00 bar at 1.2761. Probably no reason to panic ... yet!

But , I don't usually trade the EUR or GBP at this time of day.
Don Life is expensive, but includes a free trip around the sun.
  • #499
  • Jul 31, 2006 8:53pm Jul 31, 2006 8:53pm
Hi guys, what is your win/loss ratio on sidus system for today? I lost two trades, about 50 pips. Lots of fake signals... of course, the evidents disappear once it proved to be fake.

How do you feel about this system now? we have been pushing the limit to get into trade earlier, but in a market like today, those early signals are more likely to be fake.

If you have been successful today, do you mind share your analysis with us? Thanks.
Target: Trading naked.
  • #500
  • Edited 9:32pm Jul 31, 2006 9:29pm | Edited 9:32pm
I've been net negative over the last 24 hours or so. probably about 100 pips net negative. (about 35 per lot) 30 pips was my fault, not following the system well enough. Then I lost on a trade in the Aud/USD, and also on the cable last night during the euro session. I then made some of them back on the swissy. So about 150 loss, 50 gain probably.

Read my reccomendations above. I think that will help handle this.

Also talked to my friend using the vegas method and he is overall negative right now. I think the market conditions at present are just very difficult conditions to trade...

Quoting aha
Hi guys, what is your win/loss ratio on sidus system for today? I lost two trades, about 50 pips. Lots of fake signals... of course, the evidents disappear once it proved to be fake.

How do you feel about this system now? we have been pushing the limit to get into trade earlier, but in a market like today, those early signals are more likely to be fake.

If you have been successful today, do you mind share your analysis with us? Thanks.
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