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45 Combo - momentum system

  • #2,601
  • Mar 26, 2015 1:38am Mar 26, 2015 1:38am
Quoting Go5
{quote} Second that, I also modified an excel tradelog sheet where I dump the p4l output and voil... ...32%: astonishing, not counting "poor and erroneous" trades, I only get ~26 %; you're obviously very good at extra filtering here!
so 26% hit the TP and are in profit? you either close a trade with TP or with a loss?
trading is like dancing, don't think and just listen to the music!
  • #2,602
  • Mar 26, 2015 2:26am Mar 26, 2015 2:26am
Quoting birdland
{quote} so 26% hit the TP and are in profit? you either close a trade with TP or with a loss?
After some 200 trades, I got 54 winners of which 29 reached >+19 pips (53%), average +14 pips, average loss: (-)5.6 pips.
All this, leaving me with +38 pips but overall a loss due to commission.

So I 'll watch you winning guys closely to see how these figures can be improved upon.
  • #2,603
  • Mar 26, 2015 2:43am Mar 26, 2015 2:43am
Quoting Go5
{quote} After some 200 trades, I got 54 winners of which 29 reached >+19 pips (53%), average +14 pips, average loss: (-)5.6 pips. All this, leaving me with +38 pips but overall a loss due to commission. So I 'll watch you winning guys closely to see how these figures can be improved upon.
ok i see, well even if you are trading break-even, impressing your patience after 200 trades!

have you considered to take 14-18 pips instead of 20 when you see the price is stalling? 25% of my winning trades are closed so.
trading is like dancing, don't think and just listen to the music!
  • #2,604
  • Mar 26, 2015 2:54am Mar 26, 2015 2:54am
Quick thanks to Birdland, I just got +40 on GU with the two trade setup you showed, first trade to BE then entry on second.
TP at the same price +23 and +17.


busy now, pics later
  • #2,605
  • Mar 26, 2015 3:11am Mar 26, 2015 3:11am
Quoting pullup
Quick thanks to Birdland, I just got +40 on GU with the two trade setup you showed, first trade to BE then entry on second. TP at the same price +23 and +17. busy now, pics later
wow great!

i took only the second one, because the risk of the first was for me a bit too high.
trading is like dancing, don't think and just listen to the music!
  • #2,606
  • Mar 26, 2015 3:22am Mar 26, 2015 3:22am
Quoting birdland
{quote} wow great! i took only the second one, because the risk of the first was for me a bit too high.
TY again. catch 22 situation for me with the risk, more momentum usually means more risk and bigger SL, I declined the EU entry that triggered just before GU because of this. I was mindful of the 2 trade setup and nearly jumped out of my chair when I saw it appear.
  • #2,607
  • Mar 26, 2015 3:33am Mar 26, 2015 3:33am
Quoting pullup
Quick thanks to Birdland, I just got +40 on GU with the two trade setup you showed, first trade to BE then entry on second. TP at the same price +23 and +17. busy now, pics later
That was brave of you, but congrats for the pips. I only took the second setup because of the reasons the others have just mentioned.
  • #2,608
  • Mar 26, 2015 3:35am Mar 26, 2015 3:35am
Quoting birdland
{quote} ok i see, well even if you are trading break-even, impressing your patience after 200 trades! have you considered to take 14-18 pips instead of 20 when you see the price is stalling? 25% of my winning trades are closed so.
Yes, considering that - I basically wanted to first get an idea of what kind of an edge this system gives (still too early for conclusions after 200 trades with 4 pairs) but it is already shining through, that the basic winrate of ~15% is too low. I can take "early" profits but I think the idea is, to use that option in a protective way? Many time price stalls and then sprints towards your goal...
Also, do you know how many of your "early closers" would have won 20 or ended up at SL?
  • #2,609
  • Mar 26, 2015 3:39am Mar 26, 2015 3:39am
Quoting Go5
{quote} You need to gor to the 3rd line from the bottom (input tab) and put in the filename, e.g. 25-3-15. Then go to the created 25-3-15.csv file in the /mql4/files folder. I also put "display arrows" to "0" because I always have all trade arrows on my charts with the "ordini" indi. Cheers
Thanks GO5
  • #2,610
  • Mar 26, 2015 3:46am Mar 26, 2015 3:46am
Quoting Go5
{quote} Yes, considering that - I basically wanted to first get an idea of what kind of an edge this system gives (still too early for conclusions after 200 trades with 4 pairs) but it is already shining through, that the basic winrate of ~15% is too low. I can take "early" profits but I think the idea is, to use that option in a protective way? Many time price stalls and then sprints towards your goal... Also, do you know how many of your "early closers" would have won 20 or ended up at SL?
no, i dont know.

for me the most important thing is the weekly target, then comes the daily target and the low risk entries.

so for example i am +8 for the day, and then a trade comes along and hesitates around the TP.

next step is i will close the trade for +14, makes +22 for the day, shut down the Mt4 end EOB

birdland

edit: i have always in mind 5-10pips/day constantly made are enough!
trading is like dancing, don't think and just listen to the music!
  • #2,611
  • Mar 26, 2015 9:09am Mar 26, 2015 9:09am
NY session
8:38am EDT Short @1.0999
out +21 pips
What would you do if you knew you could not fail?
  • #2,612
  • Mar 26, 2015 6:03pm Mar 26, 2015 6:03pm
Quoting The Sparrow
NY session 8:38am EDT Short @1.0999 out +21 pips
Out of curiosity I just took the liberty to check out your trade. Is that the pattern and moment where you entered?
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-27_00-01-45.png Size: 42 KB
  • #2,613
  • Mar 26, 2015 6:34pm Mar 26, 2015 6:34pm
Hi Hammertop, your chart looks correct.
What would you do if you knew you could not fail?
  • #2,614
  • Mar 26, 2015 7:04pm Mar 26, 2015 7:04pm
Quoting The Sparrow
Hi Hammertop, your chart looks correct.
In that case I'm afraid I can't see a 45 combo trade: the swing happened before the cross, and it wasn't long enough anyway (9 pips). Also, the price didn't retrace back enough to touch the 40 ma. Pips are pips, ok, but we better point things out or those who have newly started to approach this system will get confused
  • #2,615
  • Mar 26, 2015 7:59pm Mar 26, 2015 7:59pm
Thanks Hammertop for your comments. I know this strategy is very profitable
and I will continue to trade it as I understand it. Sorry that is the best I can do.
I will continue to follow Ty but I will not post as I do not wish to mislead
or upset anyone by doing so.
What would you do if you knew you could not fail?
  • #2,616
  • Mar 27, 2015 1:55am Mar 27, 2015 1:55am
Quoting The Sparrow
Thanks Hammertop for your comments. I know this strategy is very profitable and I will continue to trade it as I understand it. Sorry that is the best I can do. I will continue to follow Ty but I will not post as I do not wish to mislead or upset anyone by doing so.
i followed also your trades.

even they are not according to our "guidline", they are interesting interpretation.

you seem to trade the first pullback right after the 40/5 cross...no matter if it touched the 40

it makes sense, because the movement is fresh and young.

but yes, better not to show the trades here with picture, it might confuse new members...

anyway good luck!
trading is like dancing, don't think and just listen to the music!
  • #2,617
  • Mar 27, 2015 2:14am Mar 27, 2015 2:14am
Quoting birdland
{quote}... you seem to trade the first pullback right after the 40/5 cross...no matter if it touched the 40 it makes sense, because the movement is fresh and young. ...
There must be more than that though. A simple crossing of the 40, with no other filter than maybe the 5 in agreement would give too many fake setups. Maybe the momentum in favour as well? Anyway, as said already, that's not Ty's setup and might confuse people.
  • #2,618
  • Mar 27, 2015 3:22am Mar 27, 2015 3:22am
Closed UJ for +5, BOE news coming up...
  • #2,619
  • Mar 27, 2015 4:36am Mar 27, 2015 4:36am
2 bad trading days. Lost 10% of equity. Every entry touched SL. None reached TP.

Might be bad luck. Because when on demo and very small lots, this system work for me.
  • #2,620
  • Mar 27, 2015 4:41am Mar 27, 2015 4:41am
Quoting pipstroll
2 bad trading days. Lost 10% of equity. Every entry touched SL. None reached TP. Might be bad luck. Because when on demo and very small lots, this system work for me.
the same for me, the beginning of the week was fine, but last 2 days more than difficult

+36 for the week

birdland
trading is like dancing, don't think and just listen to the music!
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