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45 Combo - momentum system

  • #621
  • Jan 31, 2015 8:41am Jan 31, 2015 8:41am
Quoting MasterGuru
{quote} 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...
Mutual respect as I kinda understood what angel you're coming from. I shall tell you that if this system is put on a EA which is cut and dry nature for long session daily. It may not come positive. But if it was somehow possible to ram in all the filters as daily management stuff into a EA then it would be a consistent winner. But I know it is not possible to put discretion elements info into a EA. so in more less word I save you time if you were ever to waste you time on building a EA on this, lol.

I think 0-50 is a bit too steep even with EA... but 10%-20% hit rate is possible realistically speaking for worst case scenario which will produce negative.

Thanks for your kind words.


Cheers,
  • #622
  • Jan 31, 2015 9:19am Jan 31, 2015 9:19am
Ty, I will prepare a fresh spreadsheet for trade logging this strategy and was wondering if you had any tips on your sleeve on this (which I 'm shure you do..), like including e.g. mae/mfe?
Thanks!
  • #623
  • Jan 31, 2015 9:40am Jan 31, 2015 9:40am
Quoting fx-Tycoon
{quote} Mutual respect as I kinda understood what angel you're coming from. I shall tell you that if this system is put on a EA which is cut and dry nature for long session daily. It may not come positive. But if it was somehow possible to ram in all the filters as daily management stuff into a EA then it would be a consistent winner. But I know it is not possible to put discretion elements info into a EA. so in more less word I save you time if you were ever to waste you time on building a EA on this, lol. I think 0-50 is a bit too steep even with...
@fx-Tycoon

Thanks for the additional info. I might just "waste" my money on an EA (to be done by a "fee for service" pro programmer for me). I will include BE and TS to imitate the "subjective" elements of manual closures should price action indicate such actions near to TP. Should it work out fine, I will reserve a complimentary copy for you.
  • #624
  • Jan 31, 2015 9:46am Jan 31, 2015 9:46am
Quoting MasterGuru
{quote} @fx-Tycoon Thanks for the additional info. I might just "waste" my money on an EA (to be done by a "fee for service" pro programmer for me). I will include BE and TS to imitate the "subjective" elements of manual closures should price action indicate such actions near to TP. Should it work out fine, I will reserve a complimentary copy for you.
I was joking MasterGuru,, I don't think this strategy could be made into an EA as there is some discretion involved. What would be useful though would be an EA that t would provide an alert when the conditions for a trade are nearly met (averages have crossed and price and the 5 moving average are pulling back to the 40 and nearly touching it) If you decide to get one programmed maybe you could get two for the price of one and post the alert one on this thread

Thanks. Schoe.
  • #625
  • Edited 10:21am Jan 31, 2015 10:02am | Edited 10:21am
Quoting Go5
Ty, I will prepare a fresh spreadsheet for trade logging this strategy and was wondering if you had any tips on your sleeve on this (which I 'm shure you do..), like including e.g. mae/mfe? Thanks!

Ya nothing fancy pretty much old school.
I use a fresh piece of white paper and a pen each day... put the four pairs horizontal, the 1-4 hrs vertical and write down the trades as I go, then pin it to previous day where at end of the week and month and year I reflect back if I see problems otherwise is there just in case.

I am all manual and simple and I hate the market beyond four hours time each day, lol.


Cheers,
  • #626
  • Edited 10:26am Jan 31, 2015 10:13am | Edited 10:26am
Quoting MasterGuru
{quote} @fx-Tycoon Thanks for the additional info. I might just "waste" my money on an EA (to be done by a "fee for service" pro programmer for me). I will include BE and TS to imitate the "subjective" elements of manual closures should price action indicate such actions near to TP. Should it work out fine, I will reserve a complimentary copy for you.
Thanks for the offer and kindness MG. However I will not be needing it or use it if you do sent it so hate to see you to go through extra trouble.

I also very very respectfully like to ask you to not get involve my thread in anything UN-manual, much as less as an EA.
It will clutter the thread for no benefit in the end and worst yet will harm the in-dept understanding of the system with less focus which creates NO feel for whats happening from signal setup developing to else.

However outside of this thread it is very much welcome to be done, distributed, disgusted and else. I have no problem with that but not in my thread please.

Thanks in advance.
  • #627
  • Jan 31, 2015 12:34pm Jan 31, 2015 12:34pm
Quoting fx-Tycoon
{quote} Thanks for the offer and kindness MG. However I will not be needing it or use it if you do sent it so hate to see you to go through extra trouble. I also very very respectfully like to ask you to not get involve my thread in anything UN-manual, much as less as an EA. It will clutter the thread for no benefit in the end and worst yet will harm the in-dept understanding of the system with less focus which creates NO feel for whats happening from signal setup developing to else. However outside of this thread it is very much welcome to be done,...
Sure, understood well. It was not my intention anyway.
  • #628
  • Jan 31, 2015 2:38pm Jan 31, 2015 2:38pm
Subscribed
  • #629
  • Jan 31, 2015 5:44pm Jan 31, 2015 5:44pm
Quick question Ty:
From your experience, do you find any days of the week yield poor results?
I suspect that the least productive would be Sunday night (pacific time).
  • #630
  • Jan 31, 2015 9:56pm Jan 31, 2015 9:56pm
For anyone wanting to practise this method, I might suggest downloading the free trade simulator from FXBlue (formerly FX1). You may have to download additional 1min data since your platform only keeps a few days. I find it very helpful.
  • #631
  • Feb 1, 2015 11:05am Feb 1, 2015 11:05am
Just dropping by to check on here, looks pretty quiet.

Ask of us in this side of the world, well it's a big day as might guessed, it's Super Bowl day. I hope to be sober for tonight's session, lol.. having some friends over to watch the game... it might be a no show or short one for me, will see.

I am pulling for Pats and my man Tommy Brady... that Seattle defense looks tough though.

Sorry for the off subject but it's a exciting time all over the states in this day.

I be here for a little while if you got any questions I can attend to it before getting my game face on, lol.

Otherwise see you tonight, I hope.


Cheers,
  • #632
  • Feb 1, 2015 11:36am Feb 1, 2015 11:36am
Quoting fx-Tycoon
Just dropping by to check on here, looks pretty quiet. Ask of us in this side of the world, well it's a big day as might guessed, it's Super Bowl day. I hope to be sober for tonight's session, lol.. having some friends over to watch the game... it might be a no show or short one for me, will see. I am pulling for Pats and my man Tommy Brady... that Seattle defense looks tough though. Sorry for the off subject but it's a exciting time all over the states in this day. I be here for a little while if you got any questions I can attend to it...

Hi FXT, I have been following your thread for the last week or so. Looks very interesting...I am really a swing trader, but looking for a system that is also a little more active - for a few hours a day. I will try on demo....though perhaps not tomorrow, as I will be staying up late tonight (I live in the UK) to watch the Superbowl. Have a few £'s on Seattle who are favourites (1.93:2.06).. Wilson is awesome..

Thanks for the system and your patience and the time you put in teaching and answering questions.

Cheers,

freddi
  • #633
  • Feb 1, 2015 11:42am Feb 1, 2015 11:42am
Quoting freddi
{quote} Hi FXT, I have been following your thread for the last week or so. Looks very interesting...I am really a swing trader, but looking for a system that is also a little more active - for a few hours a day. I will try on demo....though perhaps not tomorrow, as I will be staying up late tonight (I live in the UK) to watch the Superbowl. Have a few £'s on Seattle who are favourites (1.93:2.06).. Wilson is awesome.. Thanks for the system and your patience and the time you put in teaching and answering questions. Cheers, freddi
Be glad to have you around freddi. Thx for the kind words,.

I don't wager but I wish you luck, it will be a good one.


Cheers,
  • #634
  • Feb 1, 2015 1:14pm Feb 1, 2015 1:14pm
Quoting Go5
{quote} Maybe this will do? Please check for mistakes {image}
Hi Go5,

Thanks a lot. I thought it was something like that but now it's very clear.

Best regards / Con mucho gusto

BBF
BigBlackfeet Always on the(forex) war path !
  • #635
  • Feb 1, 2015 4:17pm Feb 1, 2015 4:17pm
Quoting fx-Tycoon
Just dropping by to check on here, looks pretty quiet. Ask of us in this side of the world, well it's a big day as might guessed, it's Super Bowl day. I hope to be sober for tonight's session, lol.. having some friends over to watch the game... it might be a no show or short one for me, will see. I am pulling for Pats and my man Tommy Brady... that Seattle defense looks tough though. Sorry for the off subject but it's a exciting time all over the states in this day. I be here for a little while if you got any questions I can attend to it...
  • #636
  • Feb 1, 2015 7:05pm Feb 1, 2015 7:05pm
Half time...can't get any closer
  • #637
  • Feb 2, 2015 12:32am Feb 2, 2015 12:32am
Hello,
Mr fx-Tycoon, Is This Signal True ?
https://charts.mql5.com/6/884/euraudm-m1-exness-ltd.png

Regards
  • #638
  • Feb 2, 2015 12:45am Feb 2, 2015 12:45am
Quoting Mohsen_msi
Hello, Mr fx-Tycoon, Is This Signal True ? {image} Regards
Can't see your MA's or MACD on that picture Mohsen which makes it very hard to tell. I would say that the entry candle is far too long so your stop loss would have been far too big but without the indicators its hard to tell for sure.
  • #639
  • Feb 2, 2015 12:53am Feb 2, 2015 12:53am
Quoting Mohsen_msi
Hello, Mr fx-Tycoon, Is This Signal True ? {image} Regards
please put the Indicators on the chart so we all can see if this is a valid signal or not!
  • #640
  • Feb 2, 2015 1:14am Feb 2, 2015 1:14am
Quoting Mr.Ma
{quote} please put the Indicators on the chart so we all can see if this is a valid signal or not!
https://charts.mql5.com/6/885/euraudm-m1-exness-ltd.png
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