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Lower risk, stress free TDI system

  • #2,901
  • Jun 15, 2016 3:57am Jun 15, 2016 3:57am
euraud looks decent right now
  • #2,902
  • Jun 15, 2016 3:59am Jun 15, 2016 3:59am
Quoting imdisaait
{quote} Try this .. You have a home work to search and set the indicator.... Try and if unable let me know ok GL {image} {file}

Hi, how do i change heiken/apb candles translucent so i see real barcandles too, like you have this screenshot.
With your template it works, but i want to use my own template, so is it mt4 setting or what?
  • #2,903
  • Jun 15, 2016 4:21am Jun 15, 2016 4:21am
Quoting TheCrusade
euraud looks decent right now
Hi TC
its right at my daily 200 MA and 4 hr support, in my humble opinion candle needs to close below both
  • #2,904
  • Jun 15, 2016 4:21am Jun 15, 2016 4:21am
I've been back-testing this system for over a month now, through hundreds of trades, across 8 pairs, on the 4H chart. It works very well in trending market conditions but just gets destroyed during consolidation.

My question is, how are you overcoming false signals? And how are you deciding the condition of the market? Are there any other indicators that people are finding helpful to filter these out as I can't get it to work profitably enough at the moment.

Perhaps I'm expecting too much from the system but I like a system to have a profit factor of at least 2.0 in back testing before live trading.

Be interested to hear others opinions.
  • #2,905
  • Jun 15, 2016 4:28am Jun 15, 2016 4:28am
Quoting Gizzledonk
{quote} Hi, would you be kind enough to post your backtesting that shows it as a 50/50 system, because those figures are quite different to those claimed for the thread. Many thanks.
Hi Gizzle,

My results on the daily were on the following pairs
AJ,AU,CJ,EA,EG,EJ,EU,GJ,GU,NJ,NU,UC ,UJ

Nov 2 to May 28

51 trades
26 wins
51%

The daily is easy to back test and doesn't take long. He was never clear about SL or TP so I just went with his statement that he entered at the beginning of the day and 'checked' at the end. So I just closed at the end of day - no SL. He may have let some run, but a lot of those would have come back and hurt him. And some of those days that you would have been in had some really big swings - you would to have had nuts of steel to stay in a few of them.

Maybe some of the exotics offered some phenomenal returns, but I'm guessing in the long run, no.

This was the rules as written in post 1 for method 1. I will bet method 2 will be about the same just more trades.

This is not about any other systems that have evolved from the OP.
  • #2,906
  • Jun 15, 2016 4:41am Jun 15, 2016 4:41am
Quoting monaghan
{quote} Hi TC its right at my daily 200 MA and 4 hr support, in my humble opinion candle needs to close below both
I took it, because of the angel of TDI was after my rule, but as you mention I should had check the 4 hr support, but we will see how it turns out, if it break the 4 hr support what is next level?
  • #2,907
  • Jun 15, 2016 4:47am Jun 15, 2016 4:47am
Quoting DotDom
I've been back-testing this system for over a month now, through hundreds of trades, across 8 pairs, on the 4H chart. It works very well in trending market conditions but just gets destroyed during consolidation. My question is, how are you overcoming false signals? And how are you deciding the condition of the market? Are there any other indicators that people are finding helpful to filter these out as I can't get it to work profitably enough at the moment. Perhaps I'm expecting too much from the system but I like a system to have a profit factor...
Hi DotDom
have you taken support and resistance in to consideration? if not you can forget the backtest, and which system have you found that gives a factor of at least 2.0 thanks
  • #2,908
  • Jun 15, 2016 5:08am Jun 15, 2016 5:08am
How to set the alarm clock
which indicator
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 53 KB
  • #2,909
  • Jun 15, 2016 5:34am Jun 15, 2016 5:34am
Quoting El1000
{quote} I took it, because of the angel of TDI was after my rule, but as you mention I should had check the 4 hr support, but we will see how it turns out, if it break the 4 hr support what is next level?
Well done it did break through
  • #2,910
  • Edited 5:48am Jun 15, 2016 5:36am | Edited 5:48am
Quoting monaghan
{quote} Well done it did break through
Yes, but if I had checked the 4 hr support, I wouldn't have taken it, now i was just lucky

Locked in trailing stop, 10 pips
  • #2,911
  • Jun 15, 2016 5:45am Jun 15, 2016 5:45am
Quoting El1000
{quote} I took it, because of the angel of TDI was after my rule, but as you mention I should had check the 4 hr support, but we will see how it turns out, if it break the 4 hr support what is next level?
Hi E
i am waiting for the 1 hr candle to close below the 4 hr support, same as TCs EA, the only reason i did not take the EA, it was to close to the ADR, this one there is enough room to the ADR, we shall see, sometimes they work, sometimes not
  • #2,912
  • Jun 15, 2016 5:45am Jun 15, 2016 5:45am
Quoting monaghan
{quote} Hi E i am waiting for the 1 hr candle to close below the 4 hr support, same as TCs EA, the only reason i did not take the EA, it was to close to the ADR, this one there is enough room to the ADR, we shall see, sometimes they work, sometimes not
forgot to attach the chart
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1 Pending.png Size: 60 KB
  • #2,913
  • Jun 15, 2016 5:49am Jun 15, 2016 5:49am
Quoting rajkumar3192
{quote} thanks man .. made my work .. why this indicator not working {image}

no idea check inside setting....

or just try this version

GL imdi
Attached File(s)
File Type: ex4 NonLagDot_MultiMeter_v01.00.ex4   77 KB | 405 downloads
  • #2,914
  • Jun 15, 2016 5:57am Jun 15, 2016 5:57am
Quoting Jopo
{quote} Hi, how do i change heiken/apb candles translucent so i see real barcandles too, like you have this screenshot. With your template it works, but i want to use my own template, so is it mt4 setting or what?

tick this mate
Attached Image (click to enlarge)
Click to Enlarge Name: Chart on Foreground.png Size: 225 KB
  • #2,915
  • Jun 15, 2016 6:01am Jun 15, 2016 6:01am
Quoting monaghan
{quote} forgot to attach the chart {image}

Hi Mona

these H4 & daily supports and resistance lines in your charts are drawn by you manually or are they drawn by an indicator?

Gl
IMdi
  • #2,916
  • Jun 15, 2016 6:03am Jun 15, 2016 6:03am
Quoting monaghan
{quote} forgot to attach the chart {image}
You see E1000
price could not close below 4 hr support, now i will wait for my 4hr candle to close in 1hr, at least the EA did close below, drifting back up again to 4 hr support
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDH1 pend.png Size: 63 KB
  • #2,917
  • Jun 15, 2016 6:07am Jun 15, 2016 6:07am
Quoting imdisaait
{quote} Hi Mona these H4 & daily supports and resistance lines in your charts are drawn by you manually or are they drawn by an indicator? Gl IMdi
Hi Imd
no its an indicator
  • #2,918
  • Jun 15, 2016 6:10am Jun 15, 2016 6:10am
Quoting monaghan
{quote} Hi Imd no its an indicator

Hi Thx mona,

Is it possible for you to upload that indicator pls?
GL

imdi
  • #2,919
  • Jun 15, 2016 6:14am Jun 15, 2016 6:14am
Quoting imdisaait
{quote} Hi Thx mona, Is it possible for you to upload that indicator pls? GL imdi
It would only be a pleasure Imd, but its licensed, same as my Auto Trend indicator, i am sorry, also guys thats why i say that this system cannot be backtested effectively, you have to take in to account S&R, any system for that matter, only my tuppence worth
  • #2,920
  • Jun 15, 2016 6:24am Jun 15, 2016 6:24am
Quoting monaghan
{quote} It would only be a pleasure Imd, but its licensed, same as my Auto Trend indicator, i am sorry, also guys thats why i say that this system cannot be backtested effectively, you have to take in to account S&R, any system for that matter, only my tuppence worth

no worries mona
understood well.

is t ok to say name of the indicator?
GL
imdi
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