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New profitable System - Sidus

Quoting sovo1970
I believe the big arrow is the MA cross and the small arrow is the RSI above/below 50 level..
Thanks , i have noticed that also but did anyone share it here yet?
The big arrow is renasdad manually place it on charts. Small arrow is when 5/12 cross, and small dot is when RSI cros 50level
Quoting peterdxb
The big arrow is renasdad manually place it on charts. Small arrow is when 5/12 cross, and small dot is when RSI cros 50level
Oh i see it now thanks a lot ... cheers!
The reason for the big green arrows are for the good trades. The red arrows are for the bad trades. That will give a ratio of win/loss.
JOHN 3:16
Renasdad, any idea on exits?
Well, exiting is still in the works. The main way for me to take partial profits is, Vegas tunnel. I am still looking at 9 SMA for exiting also.
JOHN 3:16
Hi Renasdad...

I'm not a big fan of the 9sma for the EURO as it gets you out of a profitable position too early many times. Orange traded the Sterling with it in which it may work because it's much more volitile.

So what it the win to lose ratio so far?

Bagovino
"Skills pay the bill's!"
How do you know a good T/P on this system. I know you can use the WMA's to exit position but by the time they cross you lose a lot of your gain. I was up about 25 pips and then the next hour dropped and hit my S/L of 15 pips. Any help would be great.
I think everyone is trying to work out a good exit strategy now. One thing that we can do is maybe open two positions. Set one at a TP of about 20 - 25 pips and the other with a SL at B.E. Then at 40 to 50 pips take the profit from the other off the table. I would like to see the Stop loss to be based on the technicals on the chart though. That would be ideal.



Quoting EMM7ERSON
How do you know a good T/P on this system. I know you can use the WMA's to exit position but by the time they cross you lose a lot of your gain. I was up about 25 pips and then the next hour dropped and hit my S/L of 15 pips. Any help would be great.
sounds like a good idea, I will give it a try
Quoting bagovino
Hi Renasdad...

I'm not a big fan of the 9sma for the EURO as it gets you out of a profitable position too early many times. Orange traded the Sterling with it in which it may work because it's much more volitile.

So what it the win to lose ratio so far?

Bagovino
Win/Loss ratio is hard for me to say. I am not at my computer enough to take every trade signaled. That is why I'd like to trade the 4 hr and dailies. I do have to say though that by looking back in charts, if a person traded every signal, we would have 75% win rate on this. And on 30 minutes, (which I haven't studied as much) we would have about 50% win rate. On 30 min charts, seems like SL and TP would be about the same as well. Although, on the 30 min charts, there are a few big wins.
JOHN 3:16
Quoting Yardie
I think everyone is trying to work out a good exit strategy now. One thing that we can do is maybe open two positions. Set one at a TP of about 20 - 25 pips and the other with a SL at B.E. Then at 40 to 50 pips take the profit from the other off the table. I would like to see the Stop loss to be based on the technicals on the chart though. That would be ideal.
That is my main thing I am working on. We have a good entry signal. That is no problem there. Now to maximise this, we need a good exit signal and SL. And with taking profits, it depends on where the signal was produced in relation to the overall trend. If we are in an uptrend and we get a buy signal on a dip, our TP would be greater than if we get a signal on a little retrace. That is why I like the Vegas tunnel idea. We see where the signal is in relation to the tunnel. If price is just above the tunnel, and we get a buy signal, we have 3 fib lines to take profit at. If we are at the outter fib level of the tunnel and we get a sell signal, there is a chance we have 6 or 7 take profits we could use.
JOHN 3:16
Here is an example of the 1 hr Vegas Tunnel. I know there are other signals I didn't mark. But, look what price did after those signals. It stalls at the fibs and the tunnel. Notice way to the right, the blue arrow. That is where I would look for a long signal to go back the other way. The best setup is where price is at the outter fibs. But, notice where price has stalled. I think Vegas tunnel is the best thing when it comes to taking profit.
Attached Image
JOHN 3:16
hallo @all,

don`t you think that the sma 9 like orange showed to us, is a realy good exit
sign?

regards

molguge
Quoting renasdad
You are right there. The daily is about the signal a short trade. As for the DC's, you are right again. What settings do you use for the DC's?
Sorry for late reply, have been busy

I use default DCs settings: Periods(24), Extremes(3), Margins(-2), Advance(0), max_bars(700); All time frames.

Good day!
Quoting peterdxb
renasdad or anyone, has tested the rsifilter indicator i posted yesterday?
I'm testing the indicator. At the moment very well.

Thanks

Coyan
Quoting molguge
hallo @all,

don`t you think that the sma 9 like orange showed to us, is a realy good exit
sign?

regards

molguge

Yes, 9 sma does give good exit signals, SOMETIMES. The only problem is, there are other times when price gradually goes in the direction of the trade taken. Refer to post 835 and 839. That will explain what I am talking about.
JOHN 3:16
Poor Sidus.His system has been well and truly hijacked and bastardised. Remember "Keep it simple"?


WHAT WE WANT AND WHAT WE NEED HAS BEEN CONFUSED THEN CONFUSED
(REM- Finest worksong)
Hey Guys....
My first post on the Sidus thread. Thank you all for your very useful comments and thoughts. I have been playing with this system for the last week on TradeStation (makes it tough to share indicators) and have had great results.

So, here are some of my thoughts.
First, to help with the RSI chop chop during a range situation, take note of RSI difference (current bar to previous bar) on the bar which makes the RSI cross above / below the 50. I have found that in some channeling situations this difference to be very small; < 3 (speaking in absvalue). I'm also speaking of the 1H.

Second, for exits. I am taking a vegas 1H approach. I like to think of it as "expectation." Chances are unless there's a very very strong trend the price will retrace when you've hit the 3rd / 4th fib, so when this happens I tighten up my exits. I'm still toying with different indicators for this, but inorder to keep symmetry I like to use periods of 5, 9, and 12.

Also, does anyone know how to code in EasyLanguage, or understand the code for the silver trend indicator. If you could give me the sydo code I could code it in TS myself.

Thanks guys!
mrLogik
hallo,
i think when the 9 crosses the 5, itīs most of the time a good exit. and if i trade with the major trend it could be used for a new order, too.
i think this with the 21 rsi and an other frame with original sidus works so good it`s heavy to blieve. sorry for my english.
regards

molguge
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