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45 Combo - momentum system

  • #601
  • Jan 30, 2015 2:12pm Jan 30, 2015 2:12pm
This strategy works excellent in trending markets (like the current one). But what about sideway markets...?

I guess, without automation and thorough backtests we would not know. Although we can learn it the "hard way"...
  • #602
  • Jan 30, 2015 7:07pm Jan 30, 2015 7:07pm
Quoting MasterGuru
This strategy works excellent in trending markets (like the current one). But what about sideway markets...? I guess, without automation and thorough backtests we would not know. Although we can learn it the "hard way"...
It's 1 minute chart and TP is 20... We don't have to worry about TRENDS...
  • #603
  • Jan 31, 2015 12:59am Jan 31, 2015 12:59am
Quoting MasterGuru
This strategy works excellent in trending markets (like the current one). But what about sideway markets...? I guess, without automation and thorough backtests we would not know. Although we can learn it the "hard way"...
It has been automated and back tested the Robot is called FX-Tycoon, only problem is you have to learn to programme yourself in the same way.

When you put the Robot on your chart you don't get the usual smiley face in the top right hand corner, instead FX stares at you like this
  • #604
  • Jan 31, 2015 1:39am Jan 31, 2015 1:39am
Quoting bluejack
{quote} It's 1 minute chart and TP is 20... We don't have to worry about TRENDS...
Ha I had to say the same We are trading off of a 1 minute TF, If we would call it trend trading than it would be mini micro super small intraday trend.And like Ty said in one of his posts, he and we don't care about what a higher TF is telling and showing us.
  • #605
  • Jan 31, 2015 2:54am Jan 31, 2015 2:54am
Quoting schoe
{quote} It has been automated and back tested the Robot is called FX-Tycoon, only problem is you have to learn to programme yourself in the same way. When you put the Robot on your chart you don't get the usual smiley face in the top right hand corner, instead FX stares at you like this
  • #606
  • Jan 31, 2015 4:13am Jan 31, 2015 4:13am
Quoting Mr.Ma
{quote} Nice shots pullup!!! unfortunately I missed the NY moves, but there is always a tomorrow or next week! But that brings me to a question for you Ty. Is there a maximum amount of trades you are trading at the same time? What I mean is for example, when you currently are in two open possitions and there is another one or two signals, do you take them or do you skip them? Have you ever had 4 open positions at the same time?
Thanks Mr.Ma, I had just returned to the screen a few minutes before the trades, so I got lucky to be there.
Right place, right time, right set up.
The important bit for me was recognising the set up and pulling the trigger, the RR gave me the confidence to act on both. I "liked" the EJ trade more than EU. The RR meant I had defined my money risk and both trades going to TP felt like an added bonus.

pullup
  • #607
  • Jan 31, 2015 4:17am Jan 31, 2015 4:17am
Quoting realclick
{quote} Pls could you kindly share your MACD indicator, I have looked for it just cant find
Hi,
Its the one available in the thread,
http://www.forexfactory.com/attachme...mentid=1594150
I hope this is the link to it

pullup
  • #608
  • Edited 6:00am Jan 31, 2015 5:06am | Edited 6:00am
Quoting BLACKFEET
{quote} Hi, fx-Tycoon I'm afraid I need a sketch, Please. No hurry, Enjoy your (sunny ?) WE in San Diego. Some sailing ? (I discover this town in 1995 with America' CUP ..."We can do It"...) Best regards BBF
Maybe this will do?
Please check for mistakes
Attached Image (click to enlarge)
Click to Enlarge Name: DISTANCE-45.png Size: 19 KB
  • #609
  • Edited 6:30am Jan 31, 2015 6:18am | Edited 6:30am
Quoting schoe
{quote} It has been automated and back tested the Robot is called FX-Tycoon, only problem is you have to learn to programme yourself in the same way. When you put the Robot on your chart you don't get the usual smiley face in the top right hand corner, instead FX stares at you like this
If it were "Fx-Tycoon" EA in a manual version then why is it called "Combo 45 - Momentum"...? Unless you are joking...

Anyway, backtests would give at least an idea what DDs might be expected.
  • #610
  • Jan 31, 2015 6:28am Jan 31, 2015 6:28am
Quoting Go5
{quote} Maybe this will do? Please check for mistakes {image}

Perfect bud... with some dinging and look how it's profoundly understood by you something tells me that it will stick with you for good.

Nice job,


Cheers
  • #611
  • Edited 8:15am Jan 31, 2015 6:38am | Edited 8:15am
Quoting birdland
{quote} i know it was discussed already, but i want to make things clear: Ty, does this mean in 3 tradinghours we have theoretically 2 (up/down direction)*4 (EU/EJ/GU/UJ)*3 (hours)=24 trading possibilities? birdland
You stand correct with the math. Technically speaking yes 8 per hour and 24 max possible trades in 3hrs. But 24 trade a day almost never happens.
Realistically what you will see is max about 4 trades in an hour between all four pairs so you be in the market anywhere from 2 possible trades to 12 in 3hr session between 4 pairs.
If the day ends up with too many trades that means it's totally momentum-less and heavily getting triggered in the super range/chop action, so again some daily management and experience could become handy to see that and avoid excessive trading. (I will get to this stuff later stages)

The sole reason for the two filters I have placed (10+ movement swing and 1 trade per hour) is for the sideways action to limit the losses. If it was not for these two filter we would be looking for more 30 trades per day or terrible days. But now we hardly get 10 which realistically 40% are winners.
  • #612
  • Edited 8:16am Jan 31, 2015 6:41am | Edited 8:16am
Quoting MasterGuru
{quote} If it were "Fx-Tycoon" EA in a manual version then why is it called "Combo 45 - Momentum"...? Unless you are joking... Anyway, backtests would give at least an idea what DDs might be expected.
MasterGuru,
Thanks for your participation and your observation is valid... Please read the last paragraph above in my reply to birdland.

basically thats all it could be done with sideways action in the frame that I work with and it works, along with keeping the trading session short for the most possible liquidity time.


Cheers
  • #613
  • Jan 31, 2015 6:42am Jan 31, 2015 6:42am
Quoting pullup
EU +20 EJ+20, GU was also possible, with a max SL, but I didn't want 3 trades on at the same time {image} fx-Tycoon, thanks again for sharing this with us pullup
Stunning stuff my friend, keep it up.


Cheers,
  • #614
  • Edited 8:12am Jan 31, 2015 6:51am | Edited 8:12am
Quoting Mr.Ma
{quote} Nice shots pullup!!! unfortunately I missed the NY moves, but there is always a tomorrow or next week! But that brings me to a question for you Ty. Is there a maximum amount of trades you are trading at the same time? What I mean is for example, when you currently are in two open possitions and there is another one or two signals, do you take them or do you skip them? Have you ever had 4 open positions at the same time?
Good valid question,

I never have had 4 trades at the same time... I hardly have 3 trades at the same time... sometime I have 2 trades at the same time. but thats base on only 3-4 hours of 1st half of eu open where liquidity normally rolls in to make large one direction swing or may end quick but still not so quick to always get you in for one trade each side for total of two all the time.

If I am in two trades and they are doing great and I see I am reaching 40 which is 20 above my daily goal... then I will not add, especially if the signal is in the same bear/bull direction movement.
The point is to get to daily target and above safe and sound. It's not a race, its not all throughway systematic, its not about stats all the time.

Cheers,
  • #615
  • Edited 8:02am Jan 31, 2015 6:53am | Edited 8:02am
Quoting BLACKFEET
{quote} Hi, fx-Tycoon I'm afraid I need a sketch, Please. No hurry, Enjoy your (sunny ?) WE in San Diego. Some sailing ? (I discover this town in 1995 with America' CUP ..."We can do It"...) Best regards BBF
GO5, gave you a pretty clean and clear sketch which I commanded on my reply back.

Cheers,
  • #616
  • Jan 31, 2015 6:56am Jan 31, 2015 6:56am
Quoting eurix
{quote} Hi Mr.Ma This is what Ty says on the first Post. 3) I make only one trade per hour per direction, When and If signal is given. Im am not sure if he means per pair or at all. But i think he means only one tarde at all in each direktion. I hope it helps.

Thanks for bring this up, it should put in the "per pair" wording in the 1st post too. I will in a minute.


Cheers
  • #617
  • Edited 8:22am Jan 31, 2015 7:35am | Edited 8:22am
Quoting MasterGuru
This strategy works excellent in trending markets (like the current one). But what about sideway markets...? I guess, without automation and thorough backtests we would not know. Although we can learn it the "hard way"...
Ok, I see what you're talking about on this post.
you're talking about the overall market bias.

The six months+ lasting trend of EU as a example... but it's highly not the factor when your trading the 1m... as matter of fact makes not much difference with sideways and may does harm if it's trending way too strongly ( it does not give much chance for getting on the ride). even on trending market it goes though hesitations, pullbacks (as it is now for the past week) and you name it... which I actually strive for that, so I can get signals otherwise if it runs through it then it would create no chance.
I do not look for trend... that is why it's called momentum, your taking a chance at the first smallest, earliest possible established longer swing (not even a trend). So the long term sideways action is actually a trend in the 1m most times... which as you see in here I only look for +20... believe it or not if I increase that to even a lousy +30 it would dramatically chance the results of total winners.
So together with small stops, very favorable RR and the filters I have in placed, MM, DM and modest daily target you can not only survive the sideways time but also to make money and in none sideways better momentum times you can even make grate money to fill the hole for some breakeven/losing days ... not much need for total trend, if ask me I have more of a hard time to trade on long established trend in 1m then the first none established one, once I have to take a shot for 2 or 3 time in same direction I am fully hesitant and for sure I reject it if the risk is above 7 not even 10... but most times due to short trading sessions of mine (one of the filters) I am done already by hitting the daily target plus, so no need to get involve.

as I have said it in the past the test and stats even a 100% accuracy will not give the correct potential of the system. When its short session and based on some daily management factored in.. then it makes it almost im possible for robot back testing and way hard for manual back testing since it's not in real time trading. I do not recommend to sit and whale away all day long with this system at m1.. although I know if it's traded religiously fully according to trading plan laid out it will not be a loser for sure and still make money, but I don't recommend it for one key factor, which relates to mental aspect on the game. It is hard and unrealistic to keep up with high intensity that is required for 10+ hours... it will drain one sooner or later and could lead to disaster.

The only thing to do is to trust the philosophy and forward test it to find out firstly and mostly if this is for you or not, then the rest.
I am not tiring to convince you or anyone, every system has flaws, every system depends on the captain navigating it... just basically explaining the matter upon a concern. I am sure some or a lot of people are disagreement of some most or all of what I am saying but I am presenting what I do and not opt to prove anything.
However it is fully explained and no need for further drag of this matter as I thank you and others in advance.

I thank you for participation and your valid point, I hope I addressed it correctly.


Cheers,
  • #618
  • Jan 31, 2015 7:35am Jan 31, 2015 7:35am
Quoting bluejack
{quote} It's 1 minute chart and TP is 20... We don't have to worry about TRENDS...

Right on.

Cheers
  • #619
  • Jan 31, 2015 7:42am Jan 31, 2015 7:42am
Quoting Mr.Ma
{quote} Ha I had to say the same We are trading off of a 1 minute TF, If we would call it trend trading than it would be mini micro super small intraday trend.And like Ty said in one of his posts, he and we don't care about what a higher TF is telling and showing us.

Yes Ma is part of the reason I don't pay attention to longer tf... otherwise I would be getting on No trade... always something that stands away.
Our fundamental in here is base on momo, impulse before it's anything established mostly. With building it into a package (trading plan) to give it the chance to squeeze some modest pips, but CONSISTENTLY, and then to let the power of compounding to do its thing.

Your in the right track in my book.


Cheers
  • #620
  • Jan 31, 2015 8:08am Jan 31, 2015 8:08am
Quoting fx-Tycoon
{quote} Ok, I see what you're talking about on this post. you're talking about the overall market bias. The six months+ lasting trend of EU for as a example. But it's highly not the factor when your trading the 1m... as matter of fact makes not much difference with sideways and may does harm if it's trending way too strongly ( it does not give much chance for getting on the ride). even on trending market it goes though hesitations, pullbacks (as it is now for the past week) and you name it... which I actually strive for that, so I can get signals...
Thanks for taking the time for the detailed response. Valid points.

Nevertheless, knowing that the market can produce such price patterns which would trigger (e.g. 8 pips) SL even 50 times in a row (i.e. -400 pips), it would be nice to know a "theoretical" worst case scenario. Before looking at the profitability of any strategy, I always want to know the statistical "worst case scenarios", i.e. not considering "Black Swan" events, like the effects of the recent SNB announcement.

Also, an EA would take the "fatigue" and "emotional" elements out of the equation, which would allow longer trading sessions (if and when backtests confirm the extended hours' profitability). I am a "hard-core" EA guy, so please forgive my "challenges".

Finally, thank you for sharing this strategy; very generous of you.
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