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New profitable System - Sidus

  • #861
  • Aug 14, 2006 4:13pm Aug 14, 2006 4:13pm
Why you have to be so negative? We are trying to make a good system even better. Whats wrong with that?

Quoting TheGreatMilenko
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)
  • #862
  • Aug 14, 2006 4:32pm Aug 14, 2006 4:32pm
Hello Yardie i'm not being negative, honest.If a system can get you a certain amount of pips in a month why not be happy with that?You can't improve a system indefinitley. I think this forum is great, and obviously a lot of hard work is involved from the members.But, if you try and squeeze more and more pips from a system, that is already good, isn't that, dare I say it?...... greed?
  • #863
  • Aug 14, 2006 4:42pm Aug 14, 2006 4:42pm
Thank you Sidus and Bagovino for this great system. I like it .
  • #864
  • Aug 14, 2006 4:53pm Aug 14, 2006 4:53pm
Quoting TheGreatMilenko
Hello Yardie i'm not being negative, honest.If a system can get you a certain amount of pips in a month why not be happy with that?You can't improve a system indefinitley. I think this forum is great, and obviously a lot of hard work is involved from the members.But, if you try and squeeze more and more pips from a system, that is already good, isn't that, dare I say it?...... greed?
We did, myself including, and not all of us. We did blow this out of proportion a bit. Look at all the indicators I posted at first to improve a very simple system. Sidus did ask us to comment and help improve his system. RSI(21)/50 cross is a great add on. 5/12 cross is great too. I don't want to pull every pip out of a trade. It would be nice it I could but, there is no chance of it and we all know that. I just don't want to exit a trade and watch it go another 50 or 60 pips. I am very greatful to sidus for showing us how he trades. Also Bago for helping. There are many people here that have offered great info on making this system better. I wonder sometimes though if sidus is reading through our posts or not. It seems though that we did run him off. I hope that isn't the case. I hope he does start to post again.
JOHN 3:16
  • #865
  • Aug 14, 2006 4:59pm Aug 14, 2006 4:59pm
Thanks Renasdad. My sentiments exactly. I think what everyone has tried to do is great. But, I also wonder what happened to Sidus.
  • #866
  • Aug 14, 2006 5:11pm Aug 14, 2006 5:11pm
You know Renasdad, your right, it's not nice to watch 50 or 60 pips clock up that you could have had.But, this sometimes happens. It's a question of using a system that gets you enough pips to be comfortable with, then you don't mind watching the extra, 30, 40 ,50 or sometimes 60 pips, clock on, even though your not collecting them.At leat you know youv've got all the pips you NEED from that trade.(Although, what you want may be something quite different)If you can balance want and need , in all walks of life, then you'll do ok.
  • #867
  • Aug 14, 2006 5:14pm Aug 14, 2006 5:14pm
I have not looked through this whole thread, but does any body care to share their results using this system? How have you been doing?
  • #868
  • Aug 14, 2006 6:11pm Aug 14, 2006 6:11pm
Hello jonesla9,In my short but quite profitable time as a trader , this is what I think people(which is what I'm doing at the moment), need to do with the sidus system(or in fact any system)
First, decide on an exact rule for entry.Then, look at historical charts, and applying your entry rule, decide on what looks like a reasonable stop.Then, you need to decide how your going to follow the trade, if it moves in your direction.Then, you need to look at % efficiency for hitting(these are only examples, you decide) 20, 40,60, 80, 100 pips profit.Now, we are trying to make money within certain time frames.For example it's no good having a system that is down for the first hundred years but makes you a million in the second hundred. that might be ok if you have kids but no good for you, you'll be dead.so, your system needs to give an acceptable number of pips(YOU decide what's acceptable) to this little sum- pips per trade multiplied by trades per(shall we say month?)month.If you're day trading using say hourly charts I would say a couple of months backtesting and at LEAST 2 or three months demoing is enough to get your stats.It's not over yet.If you decide to go live you need to continually monitor your statistics, adding each trade you take to them(or any trade you miss which fits into your rules), making sure that the stats still tell you that the system is still profitable.If a system is profitable for the first three months of 2006 it might not be for the next three months.You need to continually monitor it and decide if you think it is still profitable.

Does this help?

If I've missed anything(not money management please) please tell me, or if anything dosn't make sense please ask . I've been drinking southern comfort.
How you manage your own money is up to you.
  • #869
  • Aug 14, 2006 6:19pm Aug 14, 2006 6:19pm
Quoting TheGreatMilenko
Hello jonesla9,In my short but quite profitable time as a trader , this is what I think people(which is what I'm doing at the moment), need to do with the sidus system(or in fact any system)
First, decide on an exact rule for entry.Then, look at historical charts, and applying your entry rule, decide on what looks like a reasonable stop.Then, you need to decide how your going to follow the trade, if it moves in your direction.Then, you need to look at % efficiency for hitting(these are only examples, you decide) 20, 40,60, 80, 100 pips profit.Now, we are trying to make money within certain time frames.For example it's no good having a system that is down for the first hundred years but makes you a million in the second hundred. that might be ok if you have kids but no good for you, you'll be dead.so, your system needs to give an acceptable number of pips(YOU decide what's acceptable) to this little sum- pips per trade multiplied by trades per(shall we say month?)month.If you're day trading using say hourly charts I would say a couple of months backtesting and at LEAST 2 or three months demoing is enough to get your stats.It's not over yet.If you decide to go live you need to continually monitor your statistics, adding each trade you take to them(or any trade you miss which fits into your rules), making sure that the stats still tell you that the system is still profitable.If a system is profitable for the first three months of 2006 it might not be for the next three months.You need to continually monitor it and decide if you think it is still profitable.

Does this help?

If I've missed anything(not money management please) please tell me, or if anything dosn't make sense please ask . I've been drinking southern comfort.
How you manage your own money is up to you.
I am going to have to agree with you on every point!
  • #870
  • Aug 14, 2006 6:25pm Aug 14, 2006 6:25pm
Thanks liquid11.
  • #871
  • Aug 14, 2006 7:01pm Aug 14, 2006 7:01pm
Great Milenko,


I like how you describe that. Ya know, a couple drinks and I can really explain well too. Statistics are very powerful. Hope you stick around this thread man.
JOHN 3:16
  • #872
  • Aug 14, 2006 9:19pm Aug 14, 2006 9:19pm
Hi guys,

Great thread, I have one question, with the ma's crossing, is it considered a cross once they have crossed by the smallest amount, or do they have to cross by a certain size, not sure if you get what I mean, if anyone does, please let me know.

Thanks
  • #873
  • Aug 14, 2006 9:49pm Aug 14, 2006 9:49pm
What I would consider a cross would be when the bar/candle closes, if the 5 is on the opposite side of the 12, that is a cross. It is always wise to wait for the bar to close before knowing if you have a valid cross or not. The best thing to do is use the EMA cross indicator.

Now, a differant question can be, Does the slope of the 5 EMA matter when it goes towards the 12 EMA when it starts to create the new cross. That is one thing I will be looking at to see if it matters or not.
JOHN 3:16
  • #874
  • Aug 14, 2006 9:53pm Aug 14, 2006 9:53pm
R.

In my review of the entry rules I would say that the slope is important. I think of it as the "push." If the push is to strong it could mean that it's just a quick shot, but if the push is to weak then it could mean that the move is just a very minor blip.

Just some thoughts.

mrLogik.
  • #875
  • Aug 14, 2006 9:57pm Aug 14, 2006 9:57pm
Do you always wait for bar close, or if the momentum is there will you enter early to get the extra pips?
  • #876
  • Aug 14, 2006 10:11pm Aug 14, 2006 10:11pm
Quoting mrlogik
R.

In my review of the entry rules I would say that the slope is important. I think of it as the "push." If the push is to strong it could mean that it's just a quick shot, but if the push is to weak then it could mean that the move is just a very minor blip.

Just some thoughts.

mrLogik.
I have been thinking about looking at the ATR as opposed to slope when 5 crosses 12. The reason is, as the slope of 5 decreases so does ATR. For example I was thinking if ATR (of last 4 bars) is < 'some number' then the signal is not (yet) strong enough. What do you all think?
  • #877
  • Aug 15, 2006 1:41am Aug 15, 2006 1:41am
I tested the EA that was developed by GP2X. I think the results are good ones though all the trade went to loss.
But the EA worked consequently: always turned against us. So I think it could be improved, it should be reprogrammed to take the other direction.

Quoting GP2X
Attached is the first draft I did for this three phases system. The backward test doesn't look well. Because:
1. Most people are talking about enter signal. But the exit signal is not clear to me, although I read through all the posts. Currently the EA exits phase one when the H1 tunnel crossed to reverse direction.
2. I haven't found a good solution for SL, tried BrainTrend2StopLine, but it doesn't always give the support/resistance depends on the time to enter. I can enter the order at first then wait for the SL from BrainTrend2StopLine. But the value is too close to the price. Currently it just uses static SL.
3. The EA trade both directions. Some people mentioned to check the trend in H1, H4 or daily. But there is no clear description about how to do it. I need something very clear to be coded.
4. Some bad trades showed the enter/exit were too late. I am wondering if we can enter/exit when the distance between 5EMA and 12EMA start reducing.
5. I used the stepRSI indicator instead of RSI21, hope it doesn't matter.
I am a programmer, not a trader. To code the EA, I need more clear descriptions about each step under all situations. Please help.
Thanks!
Attached File(s)
File Type: zip Statement_S3Ph.zip   2 KB | 482 downloads
  • #878
  • Aug 15, 2006 2:03am Aug 15, 2006 2:03am
I noticed even on a 30 min chart, if I wait till bar close for the ma's to crossbefore taking the trade, the rsi could be down to 43 or even lower, does everyone wait for bar close before entering to confirm the cross.

Renasdad
Do you always wait for bar close, I just see some trades run away waiting for bar close to confirm the cross, or if I use the ma cross indicator with alert that was posted, do you enter before bar close if that gives a go signal.

Any comments appreicated.
  • #879
  • Aug 15, 2006 2:31am Aug 15, 2006 2:31am
Quoting stricko108
I noticed even on a 30 min chart, if I wait till bar close for the ma's to crossbefore taking the trade, the rsi could be down to 43 or even lower, does everyone wait for bar close before entering to confirm the cross.

Renasdad
Do you always wait for bar close, I just see some trades run away waiting for bar close to confirm the cross, or if I use the ma cross indicator with alert that was posted, do you enter before bar close if that gives a go signal.

Any comments appreicated.
I always wait. Yes you will not get in some good moves but, who can tell which bar is gonna close with a signal 15-20 minutes before it closes? Noone can tell that. Granted, 5 minutes before the close, you could tell if it is actually gonna be ok but, it is only a true signal if the bar is closed.
JOHN 3:16
  • #880
  • Aug 15, 2006 2:32am Aug 15, 2006 2:32am
Quoting A1Cruiser
I tested the EA that was developed by GP2X. I think the results are good ones though all the trade went to loss.
But the EA worked consequently: always turned against us. So I think it could be improved, it should be reprogrammed to take the other direction.
I’m not very wise on what that whole thing means but looking at your results. There was a lot of buying, but nothing ever sold to even realize the p/l except for gbp/usd. But it still said -300. It sort of confuses me. Is something not configured correctly? I don’t understand the program 100% but are the tickets being closed? Or are new orders being created? I thought I would throw my 2 cents in and see if someone can clarify it for me.

BTW www.freewebs.com/liquid11 I’m still working on her. I just want to create something easier for new guys to the thread so they don’t have to read through everything. It’s got a lot going for it. I was giving a suggestion to update the p/l for pairs traded. Maybe someone hardcore about the Sidus method could shoot me their trades for the week, once a week, with times opened, closed, price opened, price closed, p/l. I don’t want to ask too much though, a simple "I made 100 pips this week in 4 trades" will even work for me. Renasdad if you’re for my cause, I would really like it from you<!--[if gte vml 1]><v:shapetype id="_x0000_t75" coordsize="21600,21600" o:spt="75" oreferrelative="t" path="m@4@5l@4@11@9@11@9@5xe" filled="f" stroked="f"> <v:stroke joinstyle="miter"/> <v:formulas> <v:f eqn="if lineDrawn pixelLineWidth 0"/> <v:f eqn="sum @0 1 0"/> <v:f eqn="sum 0 0 @1"/> <v:f eqn="prod @2 1 2"/> <v:f eqn="prod @3 21600 pixelWidth"/> <v:f eqn="prod @3 21600 pixelHeight"/> <v:f eqn="sum @0 0 1"/> <v:f eqn="prod @6 1 2"/> <v:f eqn="prod @7 21600 pixelWidth"/> <v:f eqn="sum @8 21600 0"/> <v:f eqn="prod @7 21600 pixelHeight"/> <v:f eqn="sum @10 21600 0"/> </v:formulas> <vath o:extrusionok="f" gradientshapeok="t" o:connecttype="rect"/> <o:lock v:ext="edit" aspectratio="t"/> </v:shapetype><v:shape id="_x0000_i1025" type="#_x0000_t75" alt="" style='width:11.25pt; height:11.25pt'> <v:imagedata src="file:///C:\DOCUME~1\PATRIC~3\LOCALS~1\Temp\msohtml1\01\clip_image001.gif" o:href="http://www.forexfactory.com/forexforum/images/smilies/wink.gif"/> </v:shape><![endif]--><!--[if !vml]--><!--[endif]-->. Maybe not now, maybe in the future when we perfect this work of genius. Something for people to look at to gauge the progress of this system.

God this turned into a long post. <3
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