Damon's meat in the middle system

The first indicator that is going to be completed is the most important one, which will give us a signal the moment that all three indicators being used are pointing the same direction at the same time. It will be a wonderfully useful tool for this system, as we never will have to be around our computers until we get a signal to go and enter a trade. Then, there is nothing left to do but manage it, and the sl is something I am still working on.

Word is that we will have this new indicator in 15 days or so, so hold on tight, learn the system, especially, learn the whiplash trade and the zipper trade, as those indicators will take a bit longer for me to put together.

I am so excited.. this will be the longest 2 weeks ever! FerruFx has graciously volunteered his time for this first needed indicator without cost. So, to anyone who will download it, if you could be sure to give him a big hug and a thank you, as he is going to help us make the largest step in the revolutionization of this system. I will get to getting the filter to the whiplash, and the creation of the zipper indicator, on order, as quickly as I can.

It will take less than 2 weeks ... I'm busy but will do earlier

Good Morning:

I did two manual back tests starting three or four months ago, at the times of 7:30 AM CST, and 8PM CST. I chose these times as these are times when I can trade for a while. I think I will do one more test starting at about 6AM CST, but I will go ahead and give you these results.

1. Since I did not know that exact time which all three indicators started pointing the same direction, I just started the pip count from the center of the first bar in which all indicators were pointing in the same direction.

2. From the center of the bar described above, I then made a note of the max pips we could have gotten for that run. Then, I took a few of the next stop and reverse entries as well, even if the first entry gave us plenty of pips for the day. This was important, as not every time was the first entry going to be the one that breaks support or resistance.

3. I used the 30m EN chart.

4. Here are the results.

Back testing on the 8PM CST bars:

A. The first entry gave us an average of 74 pips

B. The second entry gave us an average of 86 pips

C. The third entry gave us an average of 80 pips

D. The fourth entry gave us an average of 89 pips

Back testing on the 7:30 AM CST bars:

A. The first entry gave us an average of 87 pips

B. The second entry gave us an average of 60 pips

C. The third entry gave us an average of 70 pips

So, that is where I am at so far. This was a specific back test performed to show results at times that I am able to and would want to, actually be at my computer to trade. As such a smaller tf would be used, and after looking at them all, the 30m is the smallest that I wanted to go. Trading the 4hr and 1d bars are completely different, as that will be able to be accomplished with an alert (coming soon), with no chart watching necessary.

I still have to determine how to interpret these results. Do I use a set tp, or find a way to keep it dynamic. What should my sl be, and should I re-enter if I take a loss. These and I am sure other things I will be working on throughout the weekend. Plus, I would like to see if I get better results by waking up say at 6AM rather than at 7:15, because that could be arranged. I would love to keep the s dynamic, as sometimes, this pair would run on for hundreds of pips without a pullback on the the 30m bar.

That is all that I have for you for now. Make it a great weekend

Newest templates have been uploaded to the first post.

Hello,

thanks a lot for your system, I started backtesting it on H4 and it's look good
The last two templates you upload on first post (for lower TF and for H4/Daily) are the same (same parameters for all 3 indicators).

Alright... just few more things to pass.

1. It made no difference to start the testing at 6AM rather than 7:30 AM. The results were equally about the same.

2. I found a dynamic sl possibility that I am going to look at just using different settings of the NLD. I will get them uploaded to the 1st post in the near future. Basically, I am going to test the 5M, NLD on my daily, 30m trades on the EN. The 15m, NLD on 4hr chart trades, and the 30m NLD on 1d chart trades. It is simple to use. Get out of the trade once the NLD closes in a new color, and then price continues to go a pip or two above or below that bar that closed with the changing of the NLD. It really is that simple, and just the way I like it!

3. For mu 30m chart day trades, I am thinking to start with 50 pip hard sl, a 40 pip ts, and a 60 pip tp. As I get into it a bit, I will be able to easily be able to see how and what modifications should be made to these settings.

4. Added to the alerts that will be given from the indicator which FerruFx is making, this should be quite a lot of fun for all.

5. I will post when I have the templates uploaded for the exiting a trade using charts in a dynamic fashion. This will be a good third alternative for exiting a trade. I wish I would have had this months ago!

Come on!! I did not go spamming my system in your thread. How are you ever going to be a good trader when rather than spending your time learning how to be a better trader, you are trying to get a group of people together so you can talk rather than trade. Learning to trade is an individual journey that each person must go through on their own. You have so much more work to do to become one of the 2% successful traders, and instead of embracing that alone time, and eating up your loneliness through chart evaluations after evaluations after evaluations, you think you will get there through talking with others. Yes, if everyone was trading the same system, there could be a benefit, but not the helter skelter affair that you trying to put together. I encourage you to find something to hold on to. Take your time. Make improvements on what you have. There are so many questions that you should answer about yourself, which will help you find something to hold on to. Rather than putting together a group, you should be answering those questions. Everything you need is already here at FF, but you won't find it, until you have fully dug deep, and answered the questions about yourself.

With that I will say Good Luck to you, enjoy this journey your are on, and make it a great day!

Good Evening:

Although we are still waiting on a crucial part, I feel confident that all the parts are in place to show everyone what the potential for this system has to offer. As such, I have set my trade explorer to be live so my progress can be followed. I am also going to stick with system trades only, which I have not been doing, and the reason I took my trade explorer down earlier. I will see about putting detailed rules on the first page so that anyone can follow along. I won't promise that I will post every chart, but I will keep up the best I can. I still like my life when I a not at my computer, and many times will take advantage of the alerts and enter trades on my phone while I am out and about. But, everyone should be able to see my open trades in the explorer, and can figure for themselves how and why the trade was entered, if I am not around to explain it myself.

Yes, my apologies. It appears there are some errors in what I have put on the first post. Sometimes the right ones can get lost in the clutter. I will go ahead and make the corrections now. Thanks for the heads up.

The templates should make more sense now. Please let me know if they don't.

Last night was a rough night for the trades I took. They were all good trades, but there was no movement in the Asian Market, and I did not stay up until London. The market was really tight, and none of the trades got to the point where I would have moved my trades to BE. So, each trade took a small loss, and then I also think I made a mistaken trade as well. All trades were made on the 1HR bars.

So, this takes more realization I guess from me that the market was in such a tight range that I either don't trade, take profit at range highs and lows, or just forget trading 1hr bars, as all the entries were good (except that one), and any of the trades could have broken out. 8 trades were taken and we are down 77 pips. so, as you can, the way that that the trades are being managed from a loss perspective is pretty good.

So, after our first night, we are down a little in the account, but that is my fault and not that of the system.

I received the alert indicator from FerruFx, but am going to test it, etc. and make sure that it is working right before I add it too the template. Thank you FerruFX.

I am testing the new indicator, but it gave a signal, and it happens to be right and so I took it. Perfect signal, but I am going to be doing more testing before I offer it to the the public here at FF. It looks like a good trade to me. Now, I am using the 1d sl template on the 30m chart to help me when to exit the market. Back to my charting for the evening before the Packer game!

And btw... I just got a nice long signal on the 30m en chart as well to help push up our daily entry to a nice tp. That is my vision as least.

1d - GbpCad alert looking good...... trade entered. I forgot we don't pay for ESPN, so it is my charts and the radio tonight!

TOUCHDOWN PACKERS !!!!!!

Yes...yet another nice signal.. though my entry might have been a tad bit late, I am okay with the risk reward. One has to take advantage of these 1d signals.

I closed my EN trade as I felt that we may be at the top of a downward channel. I think that I will be watching for a signal on the 1hr chart for a southern pointing arrow to possibly take that to the bottom of this channel.

Just because one has indicators and arrows, does not mean that excuses us from using our brains.

Here is the chart



TOUCHDOWN PACKERS!!!!!!

Appreciate all your help Damon, however I dont know anything about coding and if you set the NLD Indi to email ON, it sends every half hour regardless of colour,
what we need is for it to send ONCE when there's a colour change and not again until it changes again,am I correct??? Hopefully you or Ferru can change it.

Thanks... is that what the NLD does? I was wondering why it gave more than one signal for each color change. Yes, we are working it.

So, those of you following along, and are watching the trade explorer, I would not at this time be alarmed. There are been a few mis-entries, and I have taken 20 trades and am down 230 pips which is an average loss of 11.5 pips per trade. It is just unfortunate that we have not hit any runs yet which have either not happened or have happened when I was not trading. Our goal is to keep your stops tight, and to let your profits run, and for that we are being successful. We will come across many profitable trades that we will be able to let run and run and run. Possibly even with the ability to add trades to.

In the mean time I will keep working to make things the best that I am able......... There is more good stuff coming I am sure

Good morning:

Okay, this is not working for me. It is not the losses, or the drawdown, as hey, we are just getting into this, and learning about it. I should probably be using a demo account, right. But, it is not the same, and I have only put in a small amount of money. Still, I don't want to lose it, and that is the difference between using a live account and a demo. In a demo, the money means nothing, and therefore, for me, I learned so much more so much quicker trading with real money. I am in no way suggesting that you should do the same. It is the amount of time I am spending at the computer doing this. That is not how I want to trade. I don't mind spending enough time, but I still need good sleep, and have things I do during the day, right?

So, the entries are good. I am so pleased with that. However, there is no follow through in the market, and it just comes back and hits the SL on the next bar. The market is very volatile, and is currently ranging. I should knew that, yet I continued to trade this system as if we were trending. The thing is that the market ranges most of the time, and when it trends, it will be pretty easy to see and at least catch some of the trend. But, the market is really not breaking support or resistance anywhere.

That means, that it is me that has to think outside the box on how to use this system. That means determining that areas of support and resistance, waiting for price to reach those areas, then using this indicator to help with the reversal point.

That means a whole new chart template showing areas where I will be looking for support and resistance, then using then system to for a reversal. I think that is where I am at the moment as long as this market is acting like it is.

Who knows, that is just what I am thinking. Let's see what happens in the real world!