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The Paradox System

  • #7,681
  • Jan 26, 2017 4:02pm Jan 26, 2017 4:02pm
Yes the PRINCIPLES of the PARADOX system can be applied on MT5 with H2 chart. Like i mentioned, the PARADOX system teach and build a solid foundation. I simply wanted to build a system on MT5 because it will be the trading platform used by the broker in a near future.

Regards.
  • #7,682
  • Jan 26, 2017 7:06pm Jan 26, 2017 7:06pm
Quoting TheRick
Yes the PRINCIPLES of the PARADOX system can be applied on MT5 with H2 chart. Like i mentioned, the PARADOX system teach and build a solid foundation. I simply wanted to build a system on MT5 because it will be the trading platform used by the broker in a near future. Regards.
No offense, but your indicators probably won't be the same as we are using here, and they really need to be.
Life is too short to have anything but delusional notions about yourself.
  • #7,683
  • Jan 26, 2017 7:13pm Jan 26, 2017 7:13pm
Quoting hoss
{quote} No offense, but your indicators probably won't be the same as we are using here, and they really need to be.
I agree totally. the Paradox system is built and optimized for MT4 but the "spirit" behind it can be applied to MT5. The key is truly H2 chart. But the indicator i have can be inserted with higher time frame as per H2.
  • #7,684
  • Jan 26, 2017 7:49pm Jan 26, 2017 7:49pm
Quoting TheRick
{quote} I agree totally. the Paradox system is built and optimized for MT4 but the "spirit" behind it can be applied to MT5. The key is truly H2 chart. But the indicator i have can be inserted with higher time frame as per H2.
OK - I have had enough of him. When I have the Paradox ready for the MT5 I will let everyone know. The language with the MT5 is totally out of balance yet and it will take sometime before MetaQuote can figure out how to match the prematures of the language with indicators. They have a long ways to go with the beta.
The Dove - Forex Trainer
  • #7,685
  • Jan 26, 2017 8:00pm Jan 26, 2017 8:00pm
Quoting Clip75
{quote} This also happened to me when I first started out. It only happened with a certain broker and when I switched it went away. Not sure if this is your problem. Are you with forex.com for the demo.
I moved to forex.com and the problem has gone. Thank you all for your helpful advice and sharing your experience on this!

Best regards,
Exciter135
  • #7,686
  • Jan 26, 2017 8:04pm Jan 26, 2017 8:04pm
Since the EMA is above the ROMAR in the 1H, 2H and daily, it means that we are in uptrend. But something that I've found throughout my experience with trading this on the demo is that when we're in a trend, I kind of get afraid to pull the trigger because I'm not sure if I got in the trend to late/it's too late to get in on it. For example, the image below shows 3 area's (yellow circles) I could have entered on the parabolic, as it's on the bottom, shooting up (going long).

But then I see that the fib is red, and white/purple crossed, and DB/SAR attached with divergence around the 0 fib.

So I kind of get nervous and wonder if I got in too late and will go the other direction.

Is it normal to feel this way when trading a trend and not consolidation?
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When you work hard in silence, people don't know what to attack.
  • #7,687
  • Jan 26, 2017 9:06pm Jan 26, 2017 9:06pm
Hi,

I am new to trading. Could someone shed some light how to start.

And I dont see 2 hour chart. Please let me know how to setup.

I am interested in using Dove system.

Please help me.

Thanks in advance.
  • #7,688
  • Jan 26, 2017 9:24pm Jan 26, 2017 9:24pm
Quoting crupent
Since the EMA is above the ROMAR in the 1H, 2H and daily, it means that we are in uptrend. But something that I've found throughout my experience with trading this on the demo is that when we're in a trend, I kind of get afraid to pull the trigger because I'm not sure if I got in the trend to late/it's too late to get in on it. For example, the image below shows 3 area's (yellow circles) I could have entered on the parabolic, as it's on the bottom, shooting up (going long). But then I see that the fib is red, and white/purple crossed, and DB/SAR...
We are in a full Uptrend with the ROMAR as Support in all charts. So is buying from Support. In the H2 still have distance Purple with EMA, and EMA with Parabolic. So the chances of the price go down is minimium. I buught in your 3th yellow circle. Full power up plus the 40 SL was about 15 pips behind of ROMAR. So we have all Supports in front and in the last the SL. Look at H1 how the price start to ranging (showing us the EMA ARROWS UP and Down) in a uptrend. And the other charts was telling us to where was going to be the movement.
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  • #7,689
  • Jan 26, 2017 9:41pm Jan 26, 2017 9:41pm
Quoting Contrax
{quote} We are in a full Uptrend with the ROMAR as Support in all charts. So is buying from Support. In the H2 still have distance Purple with EMA, and EMA with Parabolic. So the chances of the price go down is minimium. I buught in your 3th yellow circle. Full power up plus the 40 SL was about 15 pips behind of ROMAR. So we have all Supports in front and in the last the SL. Look at H1 how the price start to ranging (showing us the EMA ARROWS UP and Down) in a uptrend. And the other charts was telling us to where was going to be the movement. {image}...
I know, I should have entered on that parabolic, but something inside me was telling me not to pull the trigger.

I guess it's a psychology/mind game that I need to work out over time.
When you work hard in silence, people don't know what to attack.
  • #7,690
  • Jan 26, 2017 9:48pm Jan 26, 2017 9:48pm
Quoting crupent
{quote} I know, I should have entered on that parabolic, but something inside me was telling me not to pull the trigger. I guess it's a psychology/mind game that I need to work out over time.
Its normal at the beginning to feel like that. In Trend you just have to do your plan and not think about it, and when you hit Support, pull the trigger. The key thing is always Daily Purple. If the market is a long way from Daily Purple, you will get a deeper pullback. Scroll back one day at a time and see how your 2hr works with the Daily Purple and you might be surprised.
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,691
  • Edited 11:29pm Jan 26, 2017 11:12pm | Edited 11:29pm
Quoting shinny
{quote} Its normal at the beginning to feel like that. In Trend you just have to do your plan and not think about it, and when you hit Support, pull the trigger. The key thing is always Daily Purple. If the market is a long way from Daily Purple, you will get a deeper pullback. Scroll back one day at a time and see how your 2hr works with the Daily Purple and you might be surprised.
Yea, even in my trading plan today I wrote in my entry that I should enter long when a hit to parabolic support happened. I wrote it down, I just couldn't enter. I guess this is something I need to just overcome, maybe it's traders anxiety or something like that. Which is weird because I follow all the rules, and the system works.

Anyways, I'll definitely look at the daily purple and the 2H charts. I've been studying a lot today and my brain needs a big rest. I'm trying to get DB/SAR down. I think I have, but I'll make sure when you post the notes with examples so I can ask any questions that I will have.

I hope you've seen that I've been studying a lot shinny, for over a year. Just want to make you all and God proud because being a long time lurker here, I learned a lot from you generous souls - something that I would have never learned on any other website.

Rome was never built in a day. But it was built eventually.
When you work hard in silence, people don't know what to attack.
  • #7,692
  • Jan 27, 2017 2:14am Jan 27, 2017 2:14am
Tradingplan for 27JAN17
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  • #7,693
  • Jan 27, 2017 2:58am Jan 27, 2017 2:58am
Quoting crupent
{quote} I know, I should have entered on that parabolic, but something inside me was telling me not to pull the trigger. I guess it's a psychology/mind game that I need to work out over time.
That was a really good question you asked about where to get in, that good in fact I documented it. I felt exactly the same way at the same time, and the 1 hr charts behaviour scared me off.

I'd been watching patiently on and off all day and totally believed a long was on the horizon. I'm not at the stage of creating a plan just yet, but I'd seen one I agreed with in post 7468 (until he went short at the band, which incidentally I'd not noticed!). I'm very interested to see the professional evaluation of that plan as I'm sure I'll learn from it.

From what I have read in this thread earlier, (and this a prime example for me in this case) the mind bit is the hardest thing to overcome. Let's face it, many of us have been so 'hard coded' by the market just turning on a dime, it is natural to expect it to happen. So even when the right trade comes, the doubt freezes you up and you are in that endless loop.

I think in this proves where the 6 months to develop the faith to believe in the system comes in.
'in less than half an hour he made over 100 ticks'
  • #7,694
  • Jan 27, 2017 3:01am Jan 27, 2017 3:01am
Cili my friend remember the post 21 from Dove:
The Bollinger Bands are also a deadly weapon during consolidation; it will do one of two things when the market hits the bands. It will either retrace back to EMA or retrace back to the opposite band; this happens when the bands are flat which places the market in consolidation. If you do get a hit on one of the bands during consolidation then get in and take profit at least to EMA
  • #7,695
  • Edited 3:17am Jan 27, 2017 3:06am | Edited 3:17am
Plan for today : )

Daily Plan for 27 of January 2017
Daily:
ROMAR - Support
EMA - Support
PSAR - Support

Last EMA -Up
Last macd - Up
Fibo - Green
Notes: full on uptrend but divergence attached to top of candle indicating retracement at some point.
2 HR:

OPENING PRICE: 122.30
ROMAR - Support
EMA - Support
PSAR - Support

Last EMA - Up
Last macd - up
Fibo Red
Notes: strong uptrend continues, although fibo red
1 HR:
ROMAR - Support
EMA - Support
PSAR -Support
last EMA -
last macd - up
Fibo - red
all three charts in sync for full uptrend although 1h/2h fibos red

entry long - will not take a long due to DB/SAR connection on top of 2h candle
entry short - would prefer a short as divergence on the daily and 2 fibos red, would enter in if 2h starts to consolidate and wait on psar flip
News at - 13.30 GMT
  • #7,696
  • Jan 27, 2017 7:40am Jan 27, 2017 7:40am
I missed the entry at 23,6 in H1 to go long. This week is over for me, next try on Monday. Restorative weekend for all.
  • #7,697
  • Jan 27, 2017 8:16am Jan 27, 2017 8:16am
Quoting Cili
I missed the entry at 23,6 in H1 to go long. This week is over for me, next try on Monday. Restorative weekend for all.
My entry was at 23,6 fibo H1 in convergence with 23,6 /White/Smooth in H2 -> Result 400 Pips, wish all a nice Weekend. Next week I will try to post my trading plan, entries ans results
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  • #7,698
  • Jan 27, 2017 8:21am Jan 27, 2017 8:21am
Sorry I set the S/L to B/E after the trade runs 200 pips into profit
  • #7,699
  • Jan 27, 2017 10:14am Jan 27, 2017 10:14am
Traders - when you analyze or think about what you are going to do is when you will lose. Yesterday at the 17:00 ET opening bar you had confluence on all three charts: ROMAR, the Parabolic, and EMA was in an uptrend and still in an uptrend. The entry was at 19:00 with the H1 open below EMA in a slider ending of the swing; the H2 opening just above the Parabolic; and The Daily opening above Purple. So what is there to analyze or even think about. The Paradox says up and all you needed to do is pull the trigger for 40 pips.

The question you must ask yourself - is what objective will end the trend?????? And that answer has been posted many times. And another question is how do you figure consolidation when all three charts are in an uptrend with ROMAR, EMA, and the 4 horsemen?
The Dove - Forex Trainer
  • #7,700
  • Jan 27, 2017 11:25am Jan 27, 2017 11:25am
Traders - let me try to revolutionize something for you. The Parabolic; just like every other indicator of the Paradox are not standard. The Parabolic is flipped mathematically with a hidden LR and not by a candle. Once the Parabolic on the H2 is in sync with the Parabolic Daily chart then there is no stopping the trend. You will have your sliders and retraces off resistance/support, depending on direction with the H2; but it will diffidently turn back into the Daily Parabolic.

When you are creating your trading plans your TOTAL OBJECTIVE with your plan is the TREND; and nothing else. This also includes the Parabolic Trend. If you are looking to counter-trade the Parabolic; then all I got to say is: good luck. In other words - your total objective is being focus on the trend. The trend is ROMAR, EMA, and the PARABOLIC. Once you have the trend set on both the H2 and Daily - then the H1 will be your confirmation for entry into the trend. Your trading plans should only be referencing the trend and nothing else. Even in consolidation - there is a trend. Trying to look both ways will only distract the fact of the trend. Focus only on the trend and you will go a long ways from where you are at now.
The Dove - Forex Trainer
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