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New profitable System - Sidus

  • #541
  • Aug 1, 2006 4:50pm Aug 1, 2006 4:50pm
BrainTrend2StopLine has a parameter NumBars set at 500 by default, should the NumBars value be higher than 500?
  • #542
  • Aug 1, 2006 5:21pm Aug 1, 2006 5:21pm
Quoting et_phonehome_2
BrainTrend2StopLine has a parameter NumBars set at 500 by default, should the NumBars value be higher than 500?
That is only for how far it will go back in time. If you set it at 20,000, it will just go back 20,000 bars.
JOHN 3:16
  • #543
  • Aug 1, 2006 6:06pm Aug 1, 2006 6:06pm
Quoting renasdad
30 minute chart

5 and 12 EMA
36 and 56 EMA
RSI(21) 50

Short= 5 crosses 12 from top to bottom, RSI crosses from above 50 to below 50.
Long = 5 crosses 12 from bottom to top, RSI crosses from below 50 to above 50.

To my understanding, the signal is stronger for a long if price is under the 36/56 tunnnel. And opposite for a short, price should be above the 36/56 tunnel for a stronger signal.

We then switch to the 1 hr charts with the Vegas Tunnel and take profits according to the fibs.

HM, is that it? I know there are people out here that want it all in one post and it seems like it isn't happening.
That's pretty much the guts of it.

I just wanted to add that I have been running with this on demo for about a week. All was going well until y'day when both trades I was in got stopped...and by a huge move too. Reason? I wasn't paying attention to upcoming news announcements.

As simple as it is, this system appears to work. But, you gotta pay attention to what is happening. If there's upcoming news, weigh up your options. Never let a winning trade become a losing trade.

There's no "failure" or "shame" in standing aside if you're unsure what reaction news will bring. Print out FF's calendar and staple it to your screen!

Cheers,
Artamon.
  • #544
  • Aug 1, 2006 7:17pm Aug 1, 2006 7:17pm
Quoting Artamon
That's pretty much the guts of it.

I just wanted to add that I have been running with this on demo for about a week. All was going well until y'day when both trades I was in got stopped...and by a huge move too. Reason? I wasn't paying attention to upcoming news announcements.

As simple as it is, this system appears to work. But, you gotta pay attention to what is happening. If there's upcoming news, weigh up your options. Never let a winning trade become a losing trade.

There's no "failure" or "shame" in standing aside if you're unsure what reaction news will bring. Print out FF's calendar and staple it to your screen!

Cheers,
Artamon.
Something to add to this, hehe. If you do have a couple losing trades in a row, you have to take the good with the bad. If you look at this as a business, any business has to pay for things to keep running their business. The only thing a person can do after losing is ask why and did I do something wrong. If the system proves itself to be good in the long run, losing is just part of trading. I have lost so many trades in a row I can't even start to guess how many there have been. Not from this system but others. It has taught me so much and I bet, I could go back to many of those systems now and start making some money on em.
JOHN 3:16
  • #545
  • Aug 1, 2006 8:19pm Aug 1, 2006 8:19pm
Renasdad, Did you ever explain what StepRSI is and how it works while intergrated in the Sidus hybrid system? If you did I missed it so if you would please....


Thanks Much!
  • #546
  • Aug 1, 2006 8:26pm Aug 1, 2006 8:26pm
Here Here Artamon!! Well Spoken!!!



Quoting Artamon
That's pretty much the guts of it.

I just wanted to add that I have been running with this on demo for about a week. All was going well until y'day when both trades I was in got stopped...and by a huge move too. Reason? I wasn't paying attention to upcoming news announcements.

As simple as it is, this system appears to work. But, you gotta pay attention to what is happening. If there's upcoming news, weigh up your options. Never let a winning trade become a losing trade.

There's no "failure" or "shame" in standing aside if you're unsure what reaction news will bring. Print out FF's calendar and staple it to your screen!

Cheers,
Artamon.
  • #547
  • Edited 8:33pm Aug 1, 2006 8:31pm | Edited 8:33pm
Quoting renasdad
30 minute chart

5 and 12 EMA
36 and 56 EMA
RSI(21) 50

Short= 5 crosses 12 from top to bottom, RSI crosses from above 50 to below 50.
Long = 5 crosses 12 from bottom to top, RSI crosses from below 50 to above 50.

To my understanding, the signal is stronger for a long if price is under the 36/56 tunnnel. And opposite for a short, price should be above the 36/56 tunnel for a stronger signal.

We then switch to the 1 hr charts with the Vegas Tunnel and take profits according to the fibs.

HM, is that it? I know there are people out here that want it all in one post and it seems like it isn't happening.
This is the basics of it, although a lot of us do things just a bit different. For example I still keep the 18 and 28 EMA even on the 30 minute chart... Just personal preference. Then there are the others that incorporate vegas tunnel data in as well. I personally do not...

I typed up a summary of what I do for a friend, which I think is also close to what Bagovino does and is based off of many of his earlier posts. (I can't remember, but I think he does use the vegas tunnel and a couple things in addition to what I do.) I'll attach a copy of it here. Feel free to read it.

As a note. About a day and a half ago where the market couldn't make up it's mind where it was going I lost a few trades and kind of took a day off trading. This was a mistake. If I would have kept doing exactly what I was doing before I would have made about 144 pips on the EUR/JPY last night (on 3 lots) and more on the swissy this morning. So I've learned that when the market is bouncing all over the place, keep watching...

P.s. I've done the best on the USD/JPY and USD/CHF. But have also made pips on the cable, and EUR/JPY with this system. (Someone asked earlier what pairs people have used on this system.)
Attached File(s)
File Type: txt forex writeup.txt   5 KB | 557 downloads
  • #548
  • Aug 1, 2006 8:39pm Aug 1, 2006 8:39pm
Quoting its2die4
Renasdad, Did you ever explain what StepRSI is and how it works while intergrated in the Sidus hybrid system? If you did I missed it so if you would please....


Thanks Much!
The StepRSI as seen in the chart I posted has a blue, orange, and purple line. One way to confirm taking a position is to make sure the orange and blue lines are on the same side as the RSI(21) before opening a trade. You can also put a Level 50 in it just like the regular RSI. If all three lines are on the correct side of the 50, I think it shows a stronger trend. Time will tell how well it could work. I did edit my post a little to explain the Step RSI better.
JOHN 3:16
  • #549
  • Aug 1, 2006 9:57pm Aug 1, 2006 9:57pm
winning traders:

I have to check back what I have done wrong with this system because I didn't really get good result in the past two days. Sometimes I did see all the conditions were met, but once I enter a trade, the price went to the opposite direction. Or sometimes when the conditions is met, the price has already moved 10 pips from where the cross happened, then I get hesistated in open the trade worrying the price movement has run out of steam and once I get in the price will began to retrace.

I have to attribute this to phsycological reasons. But at the same time, are those EMAs WMAs calculated with close price? or open? or (H+L)/2? I was using close price, don't know if that contributes to the fake signals I have been getting all the time.
Target: Trading naked.
  • #550
  • Aug 1, 2006 10:53pm Aug 1, 2006 10:53pm
Quoting bagovino
Hi Everyone,


I just wanted to say a few things here.... I've noticed a few members on this thread, probably newbies, complaining of a few losses and asking the same things over and over. And that's ok, I did that also at one time. Thats how we learn. However, you must realize that no system is 100%. You cannot expect it to be as easy as two lines cross here and one crosses here and BAM!!!! You've got 200 pips!

You have to use other elements in conjunction with this or any other method. For instance, I use Pivot points, weekly and daily, Cam lines, Fibs, MACD, multiple time frames, and most importantly... Trendlines. Right now for instance, there is one hell of a strong upward trendline on the EUR/USD. It is generally bullish on higher time frames meaning be carefull whenever you short it right now until it breaks the trendline. If it were bearish on the higher time frames you'd want to take only short positions, and longs only for a short time on a retracement, and thats risky.

So please for your own accounts sake follow the system that works best for you. 2 people can follow the same exact system yet one will make money and one will lose. So if this one doesn't work for you there are hundreds or thousands out there that will!

Whichever system you chose to base your trading on, use these other factors and your own good judgement with sound money management and you will succeed as a trader!

I hope this helps some of the new guys!!

A bit of tough love from...

Bagovino
Well said, Bagovino. I would also add key levels of S&R such as recent swing highs/lows, yesterday's high/low, the figure, etc. Price may very well go through these levels but it may retrace enough there to stop you out if it's close to your entry.

David
  • #551
  • Aug 1, 2006 11:11pm Aug 1, 2006 11:11pm
Peter,
It would be great if you could post your PDF file whenever you'll be done with it so members could follow the setup step by step.
Thanks.


Quoting petercross
astarflier. I printed the 35 pages out (in printable version it is 225 pages in letter size!!!), just to weed out chit chatting that some times occurs (mine, too ) and get to "the meat". I think a SECOND PDF file with DATE and/or VERSION number should be the next step.

On the other side, this thread is cooking, like a hot soup - the "SIDUS-Ideas-Soup" and it is fantastic to see the creativity and ideas flow...

...but, yes I agree.....I'm getting lost.

Peter.
  • #552
  • Aug 2, 2006 1:59am Aug 2, 2006 1:59am
Hi Renasdad, in your system isnt important cross 34 55 EMA, ?
Thx
BJ
  • #553
  • Aug 2, 2006 2:17am Aug 2, 2006 2:17am
Quoting brainjt
Hi Renasdad, in your system isnt important cross 34 55 EMA, ?
Thx
You are right, those aren't important according to Bago.
The only thing on a 30 minute chart is 5/12 EMA and RSI(21) 50.
1H chart, 18/28EMA and Vegas Tunnel.
JOHN 3:16
  • #554
  • Aug 2, 2006 3:08am Aug 2, 2006 3:08am
Quoting renasdad
You are right, those aren't important according to Bago.
The only thing on a 30 minute chart is 5/12 EMA and RSI(21) 50.
1H chart, 18/28EMA and Vegas Tunnel.
so why are there ?
BJ
  • #555
  • Aug 2, 2006 3:30am Aug 2, 2006 3:30am
They are gone now.
JOHN 3:16
  • #556
  • Aug 2, 2006 3:39am Aug 2, 2006 3:39am
Quoting renasdad
They are gone now.
is important trend-_ now - is uptrend and than is better buy then sell or not in your system?
BJ
  • #557
  • Aug 2, 2006 3:39am Aug 2, 2006 3:39am
Bagovino,

You are strictly using all EMAs right? I read this thread 3 times now and am just making sure. Maybe its cause I've been up for 36 hrs now.
JOHN 3:16
  • #558
  • Aug 2, 2006 3:42am Aug 2, 2006 3:42am
Quoting brainjt
is important trend-_ now - is uptrend and than is better buy then sell or not in your system?
Always trade with the trend. If you are trading on 30 minute charts, check the 1 hr charts and zoom way out. Even look at the 4 hr charts. You can see the major trends. It's not wise to trade against the trend.
JOHN 3:16
  • #559
  • Aug 2, 2006 4:22am Aug 2, 2006 4:22am
I've watched these developments with interest and this has become a very dynamic and productive collaboration exercise which is what FxFactory should be about. I currently trade successfully a hybrid version of the Knife/Mudd Buddha but my intial tests suggests Sidus plus could be superior.

I think the 5/12 EMA + RSI (21) is a solid improvement on the original and I have adopted this in my test model. I also use a Slow Stoch (14,7,3) as an extra trend confirmation as I've found this old momentum indicator quite reliable on moves out of OB/OS in tandem with the RSI as outlined by Bago. I am a VT user so cannot utilise the specialist MT4 indicators.

What I am unclear about is a) why the doubling of parameters on the 30m chart, surely this just replicates(approx) the 1H set up? b) where does the Vegas 1H Tunnel fit into the logic? However, I see the use for Vegas style fib bands for TP tactics ?

If one of the prime-movers here could clarify a) +b) above I would be grateful. Thanks ---- Bramhall17
  • #560
  • Aug 2, 2006 5:30am Aug 2, 2006 5:30am
bramhall,

On the 30 minute chart is 5 and 12 EMA and RSI(21) 50. That is for getting in early before the 1hr signal produced by the 5/12 EMA and 18/28 MA. Not sure at the moment if 18/28 is EMA or WMA. I am thinking it is EMA.
The Vegas 1hr Tunnel is for taking profits at fib levels.

There are some not using the Vegas Tunnel.
JOHN 3:16
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