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New profitable System - Sidus

  • #921
  • Aug 16, 2006 1:17pm Aug 16, 2006 1:17pm
maximum pips would be nice all the time however i red a book by daryl guppy some time ago and his take on trading was:- it`s better to walk a mile with a crowd. i think it means the other guy has to eat too, so maybe we should be thankfull for what we get!
  • #922
  • Aug 16, 2006 1:23pm Aug 16, 2006 1:23pm
I have attached the template.



Quoting ut2DaMax
Hmmm ..... I dropped a MACD with the same 12 26 9 but is sure is not the same visually. I use old lace background, ... and blue . Yes I do know how to file a template. thanks
Attached File(s)
File Type: zip sidus3.zip   < 1 KB | 787 downloads
  • #923
  • Aug 16, 2006 1:38pm Aug 16, 2006 1:38pm
What trading system is the template for?

Quoting Yardie
I have attached the template.
  • #924
  • Aug 16, 2006 1:43pm Aug 16, 2006 1:43pm
Please read my previous posts above. You will find an explanation there.



Quoting sinclap
What trading system is the template for?
  • #925
  • Aug 16, 2006 1:48pm Aug 16, 2006 1:48pm
Hey guys, i have been workin pretty hard on a sidus dedicated site for this thread. Check it out, i put a bunch of files from this forum in the files section. I would like some input if its not to much trouble, I think a site like this will be a great way to guage its progress. Im not trying to promote my work, just tryin to create a complete picture of this method. theres over 900 posts!

www.freewebs.com/liquid11

Email me, PM me

Liquid11
  • #926
  • Aug 16, 2006 1:57pm Aug 16, 2006 1:57pm
Liquid - it's brilliant. Nice one.
TRADE FOR SWAP
  • #927
  • Aug 16, 2006 3:32pm Aug 16, 2006 3:32pm
Liquid11 thanks for your efforts!

Quoting Liquid11
Hey guys, i have been workin pretty hard on a sidus dedicated site for this thread. Check it out, i put a bunch of files from this forum in the files section. I would like some input if its not to much trouble, I think a site like this will be a great way to guage its progress. Im not trying to promote my work, just tryin to create a complete picture of this method. theres over 900 posts!

www.freewebs.com/liquid11

Email me, PM me

Liquid11
  • #928
  • Aug 16, 2006 4:58pm Aug 16, 2006 4:58pm
Quoting mrlogik
Renasdad,

I was looking over your chart in post #858 where you have your entry arrows. According to the third arrow from the left (a short entrance) you didn't wait for the 5 to cross below the 12. Am I missing something. Also, after your first entrance short (from the left) you have a 5 cross above the 12 without an arrow. Shouldn't that constitute an arrow also?

Thanks for your help.

mrLogik
Mr logic,

These were not trades I took. There is more to the third arrow from the left than just the 5/12 cross. Double bar high at outter fib levels. If a person did wait for the cross on a 1 hr chart, we would not have been stopped out with a 40 pip SL though. Price action is the fastest indicator. If the trade was taken where I placed the arrow, that would have not been a 5/12 cross at all.

On the second part of your question, with all the chart watching I do and not even having the RSI on that chart, I can almost guarantee, RSI would not have crossed 50. It would have been more of the 5/12 bounce I talk about. I will go back and check that trade once and see where the RSI was though just to make sure I am not just blowing smoke.
JOHN 3:16
  • #929
  • Aug 16, 2006 5:03pm Aug 16, 2006 5:03pm
I just checked that chart and it is a 5/12 cross with a RSI/50 bounce. I will post a chart.
Attached Image
JOHN 3:16
  • #930
  • Aug 16, 2006 5:07pm Aug 16, 2006 5:07pm
Quoting Liquid11
Hey guys, i have been workin pretty hard on a sidus dedicated site for this thread. Check it out, i put a bunch of files from this forum in the files section. I would like some input if its not to much trouble, I think a site like this will be a great way to guage its progress. Im not trying to promote my work, just tryin to create a complete picture of this method. theres over 900 posts!

www.freewebs.com/liquid11

Email me, PM me

Liquid11
Thank you for this great initiative.
I'm watching this thread with eagle's eyes. I like a lot of points. Ive decided to wait with my second version. Just looking for your inputs and results. I want yo keep it simple, but it needs something extra, you guys are helping me to figure it out.
Keep on going!!!
  • #931
  • Aug 16, 2006 5:10pm Aug 16, 2006 5:10pm
Good to hear from you Sidus. I am glad that we didnt scare you away.



Quoting Sidus
Thank you for this great initiative.
I'm watching this thread with eagle's eyes. I like a lot of points. Ive decided to wait with my second version. Just looking for your inputs and results. I want yo keep it simple, but it needs something extra, you guys are helping me to figure it out.
Keep on going!!!
  • #932
  • Aug 16, 2006 6:18pm Aug 16, 2006 6:18pm
Hi Sidus,

Glad to know that you are still with us. But how is your trading/forward testing result lately? Have you tried the 5/12 ema and RSI 21 crossing entry method?

My impression about this system (as well as the variations) is that, it can capture big move movements for sure, but it's those filters making it consistently profitable.

aha


Quoting Sidus
Thank you for this great initiative.
I'm watching this thread with eagle's eyes. I like a lot of points. Ive decided to wait with my second version. Just looking for your inputs and results. I want yo keep it simple, but it needs something extra, you guys are helping me to figure it out.
Keep on going!!!
Target: Trading naked.
  • #933
  • Aug 16, 2006 6:42pm Aug 16, 2006 6:42pm
Quoting Sidus
Thank you for this great initiative.
I'm watching this thread with eagle's eyes. I like a lot of points. Ive decided to wait with my second version. Just looking for your inputs and results. I want yo keep it simple, but it needs something extra, you guys are helping me to figure it out.
Keep on going!!!
Welcome back, Sidus!

I'm sure your return will make a lot of people very happy!
  • #934
  • Aug 16, 2006 6:57pm Aug 16, 2006 6:57pm
Sidus, since I wasn't posting when you were, I would now like to thank you for showing this simple but very effective way of trading. I don't trade your system like you do. And the system you showed us was tweaked and changed but, if you never started this thread, we would not have had this awesome thread to learn from. I would still be bouncing from one system to the next looking for trade setups and all that other BS. I am very glad to see you didn't leave and were just reading along. We are definitely on to something here.

I have one question for you if I may. How do you exit a trade? SL is a bit tricky also. Maybe these to things are answered in your other posts and with all the excitement have gotten lost. I really think the Vegas 1 hr Tunnel is the way to go.
JOHN 3:16
  • #935
  • Aug 16, 2006 8:20pm Aug 16, 2006 8:20pm
Sidus, whatever changes are in your system, on my chart template it's called "Sidus"! Glad to hear from you and please be around.
  • #936
  • Aug 16, 2006 8:44pm Aug 16, 2006 8:44pm
OK Here Goes: I have created an EA for trading this system in the EURUSD pair. I am using the exact rules posted below with the exception that I am waiting for the current bar to close before I look at the 5/12 cross, and I am only using the phase 1 and 2 parts (exiting when the 18 and 28 cross when in phase 2). For a stop loss I am using a variable stop loss based on 2*ATR, but not less than 10 or greater than 35. Even so, by theory I should show a profit, HOWEVER, I have shown a loss every time I backtest this (using M1 data to compile M30 data). Seems there are WAY to many false signals with the 5/12 cross and I have yet to find a filter what works. (Although I am considering a filter which would be something on the range of using a crossing pair that gives a signal somewhere between the Bagovino and origional Sidus signals. I guess my search for the Holy Grail is still on. Sidus if you are reading this THANK YOU for getting us started on this. I'm new to FOREX and have learned a lot from this thread.

Any help out there??? Has anybody found a filter which works?

PS: I plan on writing an EA using the origional Sidus specs to test that as well. Also I have only tested on EURUSD.


I will be out of town until Monday, but I will read all replies then.

Quoting traderdp
Hi to all, and my complements to everyone involved in nurturing such a promising strategy - especially to Sidus, and Bagovino who got the ball rolling. this appears to look like a grand slam home run! Bagovino's idea of combining different aspects of this tri-phase process to take into account ranging and trending conditions is simply brilliant!
Since some changes have been made along the way, please take a look to see if my Phase One-Two-Three Rules are correct at this time -

Phase One to Enter Long on 30 minute chart:
RSI (21) goes from < 50 to > 50
5 EMA line goes from < 12 EMA to > 12 EMA line
36 EMA (tunnel line) < 56 EMA (tunnel line)
both 5 EMA and 12 EMA lines < both Tunnel lines (36 EMA and 56 EMA)
are the 5 WMA and 8 WMA now dropped from consideration
at this phase?

Phase Two (Sidus) to Continue Long on 60 minute chart:
once 18 EMA tunnel line crosses above 28 EMA tunnel line
2.5 EMA line continues to be > 6 EMA line
RSI (21) continues to stay > 50
both 2.5 EMA and 6 EMA lines move above and stay above both tunnel
lines (18 EMA and 28 EMA)

Phase Three (Vegas) to Continue Long on 60 minute chart:
look for price to cross from below to above Vegas Tunnel
if it does - then look for exits as per Fib levels outlined by Vegas

Any and all help in sincerely appreciated
traderdp
  • #937
  • Aug 16, 2006 10:14pm Aug 16, 2006 10:14pm
One thing I have heard over and over again. Backtesting doesn't give very good (true) results. As for filtering the false signals, the false signals are usually made when price is ranging so, the only way to filter out that is to find an indicator that will indicate when price is rangebound. All indicators are lagging so, that is very hard to do. So, the best filter here for me is my eyes. I'd have to say sup/res or something like that. Yes ATR will show when price is trending and when it is range bound. But, with ATR, wouldn't we get 2 or 3 false signals before ATR indicates price is ranging? I am done looking for indicators that will make this better. Simple is great. a couple crosses with a bit of price action sometimes. No matter what system a person uses or who uses the system, there will always be losses. The key is to get the system to give small losses (SL) with large gains (TP/Exit). I know that is the key so, since we have an awesome system we are working on, Why not focus our attention on where the SL and TP/Exit should be?
JOHN 3:16
  • #938
  • Aug 16, 2006 10:22pm Aug 16, 2006 10:22pm
Guys/Gals, I wish I had more time to post trades or signals that wouldn't be a good trade to take. I would love to keep my journal updated as well as I can. If anyone here would like to post charts in the journal, go ahead. I am not posting charts only for my benefit although it is benefiting me a whole bunch. I am doing it for your benefit as well. The only thing I do ask is to only post charts with 5/12 and RSI/50 crosses. Not a bunch of other indicators. That is what this thread is for.
JOHN 3:16
  • #939
  • Aug 16, 2006 10:41pm Aug 16, 2006 10:41pm
Just had a brainstorm. If we are looking at 30 minute charts, and we get the RSI/50 cross, what if we would wait 1 extra bar close to confirm the cross. Let's say, RSI crosses 50 at 7 AM. At 7:30 AM, RSI is still below 50. Then we open a trade. Just an idea for everyone to consider.
JOHN 3:16
  • #940
  • Aug 16, 2006 11:56pm Aug 16, 2006 11:56pm
Quoting Liquid11
Hey guys, i have been workin pretty hard on a sidus dedicated site for this thread. Check it out, i put a bunch of files from this forum in the files section. I would like some input if its not to much trouble, I think a site like this will be a great way to guage its progress. Im not trying to promote my work, just tryin to create a complete picture of this method. theres over 900 posts!
Liquid,

Great Job!!!
Looks to me like you are gonna have a chat room???????????????????????
That would be pretty cool.
JOHN 3:16
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