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Come Surfing Fx With Me System

  • #3,201
  • Jun 12, 2015 11:21am Jun 12, 2015 11:21am
Quoting sriloba
Here is the first part of the rule of DTDT system 1) How to deternmine the trend on H4 Example : Down Trend If you have a suggestion please don't be shy. See doc. Next.......part2 I have something to do outside. I'll be back Sai Ram {image} {file}
Part2



NEXT...................part3



Sai Ram
Attached File(s)
File Type: docx Day to Day Trading system_p2.docx   178 KB | 341 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #3,202
  • Jun 12, 2015 12:55pm Jun 12, 2015 12:55pm
3 trades on demo account.

Still figuring out how much confirmation do I want to give trades once the 15M and 5M align for a possible sell signal, I think waiting for MACD below/above 0 and momentum gets you in a bit later, or waiting for a 2nd red SS Channel circle to appear but get you in even later.

For take profits I calculated prior support area which fell around the 50% Fibonacci retracement level, and by the time price moved near there it happened to be near the bottom of the outer channel, so I just manually closed the trades since the markets were about to close at 4PM EST anyway.

Thoughts on how much confirmation to wait for before entering a trade? I gave my input above want to hear others.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: trade 1.png Size: 48 KB
Click to Enlarge Name: trade 2.png Size: 52 KB
Click to Enlarge Name: trade 3.png Size: 170 KB
Click to Enlarge Name: trades.png Size: 19 KB
  • #3,203
  • Jun 12, 2015 1:28pm Jun 12, 2015 1:28pm
Which indicator produces the red and blue band (Channel)?
Thanks
  • #3,204
  • Jun 12, 2015 2:02pm Jun 12, 2015 2:02pm
Quoting sriloba
{quote} Part2 NEXT...................part3 Sai Ram {file}
Part3





Next..............part4



Sai Ram
Attached File(s)
File Type: docx Day to Day Trading system_p3.docx   62 KB | 324 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #3,205
  • Jun 12, 2015 2:03pm Jun 12, 2015 2:03pm
Quoting rcbarlow
Which indicator produces the red and blue band (Channel)? Thanks
TMA



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #3,206
  • Jun 12, 2015 2:45pm Jun 12, 2015 2:45pm
Quoting sriloba
{quote} Part3 Next..............part4 Sai Ram {file}
The last part



Sai Ram
Attached File(s)
File Type: docx SL_TP.docx   74 KB | 300 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #3,207
  • Edited 6:05pm Jun 12, 2015 2:58pm | Edited 6:05pm
Quoting sriloba
{quote} The last part Sai Ram {file}
ALL in ONE DOCUMENT




Sai Ram
Attached File(s)
File Type: docx DTDT.docx   363 KB | 378 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #3,208
  • Jun 12, 2015 5:06pm Jun 12, 2015 5:06pm
Hi all,
Just a few ideas for signal confirmation from non repainting indicators.
Indicators used RSI histo v2 (38,0,7,1), heiken ashi tape, kumo breakout histo (2,3,6), trend CCI big histo (10,6).
Everything else being the same as Sriloba explained, used as extra confirmation.
Take profit always at the other side of ript, I take the distance from the entry point till the mid point of ript
at the candle that breaks it, and then I double it.
SL at closest fractal or a close under/over entry candle + a few pips depending on tf.
I trade both trend and counter trend in tf"s over 30 min.
Can be used all indis toghether or any of those coupled with the heiken ashi tape.
I use the latest template of Sriloba with the additions from LL as an example chart.
Stay green and healthy
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 30min.JPG Size: 179 KB
Click to Enlarge Name: h4.JPG Size: 175 KB
  • #3,209
  • Jun 12, 2015 5:30pm Jun 12, 2015 5:30pm
Quoting Hermes93
Hi all, Just a few ideas for signal confirmation from non repainting indicators. Indicators used RSI histo v2 (38,0,7,1), heiken ashi tape, kumo breakout histo (2,3,6), trend CCI big histo (10,6). Everything else being the same as Sriloba explained, used as extra confirmation. Take profit always at the other side of ript, I take the distance from the entry point till the mid point of ript at the candle that breaks it, and then I double it. SL at closest fractal or a close under/over entry candle + a few pips depending on tf. I trade both trend and...
Look good can you attach the indicators and a template. Also none of the current indicators repaint, macd doesn't repaint, momentum don't repaint.

The bands and and SSChannel Circles do though.

Thanks
  • #3,210
  • Jun 12, 2015 5:37pm Jun 12, 2015 5:37pm
Quoting Hermes93
Hi all, Just a few ideas for signal confirmation from non repainting indicators. Indicators used RSI histo v2 (38,0,7,1), heiken ashi tape, kumo breakout histo (2,3,6), trend CCI big histo (10,6). Everything else being the same as Sriloba explained, used as extra confirmation. Take profit always at the other side of ript, I take the distance from the entry point till the mid point of ript at the candle that breaks it, and then I double it. SL at closest fractal or a close under/over entry candle + a few pips depending on tf. I trade both trend and...
You trade only M30, both direction.

Can I have your template + indicators.

I will check during the weekend.


Thanks


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #3,211
  • Jun 12, 2015 8:06pm Jun 12, 2015 8:06pm
If some files are not supposed to be posted for any reason , I apologise in advance , and if so I will remove them immediately, i can not remember where I got them from.
Attached File(s)
File Type: mq4 Heiken Ashi-Tape (1).mq4   3 KB | 382 downloads
File Type: mq4 Clive's Histogram CCI big hist.mq4   7 KB | 408 downloads
File Type: ex4 Kumo_Breakout_Histo.ex4   11 KB | 390 downloads
File Type: ex4 RSI HistoAlert v2.ex4   5 KB | 394 downloads
  • #3,212
  • Jun 12, 2015 8:12pm Jun 12, 2015 8:12pm
....
Attached File(s)
File Type: tpl test 9.tpl   9 KB | 365 downloads
  • #3,213
  • Jun 12, 2015 8:16pm Jun 12, 2015 8:16pm
Quoting sriloba
{quote} You trade only M30, both direction. Can I have your template + indicators. I will check during the weekend. Thanks Sai Ram
I trade all time frames from 15min to 4hr , but I prefer 30 min and 4 hr. What I meant was that I trade counter trend only if the timeframe is 30 min and up.
Regards
  • #3,214
  • Edited 9:40pm Jun 12, 2015 8:54pm | Edited 9:40pm
Good Morning Guys,

The problem with the reversal confirmation is that we need a fast confirmation because SS Channel is fast ( it signals a possible reversal already before any kind of reversal actually happened ). The Trade Monitor sees the circle and signals when the price of the next closed candle has reversed. Of course, when the price reverses again, it repaints ( removes the signal ). This Trade Monitor signal is early ( the fractal is still not confirmed ) and should be about 75% accurate. LL tries to solve this with a highly sensitive parabolic SAR ( a special trend indicator ), which is a valid approach and which is the reason why we see so many reversal confirmations - the dots - on the latest charts. IMO you could confirm like this with everything, a fast MA or a fast RSI would do the job as well. My point is that adding more and more reversal confirmation indicators will likely not help much. Again, what we have is fine ( including the PSAR ).

So, how to make it better ? I thought about that and again I got stuck on the trend. The H4 trend rule is fine but it's binary. There are micro trends within the H4 trend which give us a better or worse probability for a reversal. There are also trend ranges where trading in both directions might be possible.

I am testing this with a new indicator. It measures the trend of the current, the next and the next after the next timeframe ( e.g. M1,M5, M15 ). When all 3 trends are aligned or range, a reversal may have a good chance to occur, everything still respecting H4. Markets are closed now, I will use it from Monday onwards and keep you informed about the results.

Best Regards, Verified.
Attached Image (click to enlarge)
Click to Enlarge Name: Trends.jpg Size: 269 KB
  • #3,215
  • Jun 12, 2015 9:40pm Jun 12, 2015 9:40pm
Quoting verified
Good Morning Guys, The problem with the reversal confirmation is that we need a fast confirmation because SS Channel is fast ( it signals a possible reversal already before any kind of reversal actually happened ). The Trade Monitor sees the circle and signals when the price of the next closed candle has reversed. Of course, when the price reverses again, it repaints ( removes the signal ). This Trade Monitor signal is early ( the fractal is still not confirmed ) should be about 75% accurate. LL tries to solve this with a highly sensitive parabolic...
Looks very pretty V man I assume it is the bottom indicator on your chart?
  • #3,216
  • Jun 12, 2015 9:44pm Jun 12, 2015 9:44pm
Quoting sriloba
{quote} ALL in ONE DOCUMENT Sai Ram {file}
Thanks heaps Sriloba. This is a very handy resource and a good way to keep things up to date. I had a nice trade on GBP/CAD using this method during the loonie yesterday.
  • #3,217
  • Jun 12, 2015 9:46pm Jun 12, 2015 9:46pm
Quoting gwindy
{quote} Looks very pretty V man I assume it is the bottom indicator on your chart?
Thanks, yes it is the bottom indicator. I only modified it for our use, somebody else did the initial coding. The idea is to surf on the waves within the waves.
  • #3,218
  • Jun 12, 2015 10:06pm Jun 12, 2015 10:06pm
Guys, could I seek some clarification on the required setting for the TradeMonitor to determine the trend in the 4H for the latest strategy. The 'Trading Mode' should be set to "TMA as priority" right? If this is the case, then there is no need for FX Trendband (4H) indicator?
  • #3,219
  • Jun 12, 2015 10:19pm Jun 12, 2015 10:19pm
To use the H4 trend, set H4 trend priority. To use TMA trend, set TMA priority. I did not catch up with the thread what the latest template actually is. Have been very busy with a short scalp where the price did shoot up 40 pips immediately after I entered. Lost at the end 5 pips on this trade. However, in the last 3 weeks 3 losses only ( 12, 1 and 5 pips ). About 60 - 70 trades total. No open trades.

Best, Verified.
  • #3,220
  • Jun 12, 2015 10:50pm Jun 12, 2015 10:50pm
Quoting verified
To use the H4 trend, set H4 trend priority. To use TMA trend, set TMA priority. I did not catch up with the thread what the latest template actually is. Have been very busy with a short scalp where the price did shoot up 40 pips immediately after I entered. Lost at the end 5 pips on this trade. However, in the last 3 weeks 3 losses only ( 12, 1 and 5 pips ). About 60 - 70 trades total. No open trades. Best, Verified.
Wow awesome results V man, well done. The latest template Sriloba posted has the TradeMonitor set to "TMA priority", but he was also using the FX Trendband (4h) on his charts to determine the 4h trend. The recent set of rules and charts contained in the word document don't show or mentioned the Fx Trendband indicator, which makes me wonder if the Trade Mode setting on the TradeMonitor needs to be changed or not. Hoping Sriloba can confirm his settings please
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