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Chinese KONGFU system

  • #361
  • Apr 13, 2017 6:50am Apr 13, 2017 6:50am
Quoting emonts
{quote} Hi, Normally open the indi and select the color tab. There you see colors. So first color is normally buffer 0. But is not always the case. What you also can do make small indi with the iCustom call. Just try buffer by buffer and give alert and compare value with chart. You must keep H1 chart with indi open anyway. Had also problem in updating when using OnTick() So I activated the OnTimer() function and this one checks every second. Works for me. BR
Thank you! I will try it later. Btw how do you backtest the strategy? We can't choose H2 in the tester...
  • #362
  • Apr 13, 2017 8:46am Apr 13, 2017 8:46am
Quoting tobben
{quote} Absolutely, But I wouldn't have entered the trade, I don't know about Liun. My reason : at the point of entry white 2 has ready become NOTHING. I.e not sync with white 1. Cheers
thanks tobben for your help. So when in "no trend" situation, white 1 and white 2 must in sync right? how about during uptrend or downtrend?
  • #363
  • Apr 13, 2017 8:59am Apr 13, 2017 8:59am
Quoting jarrodt
{quote} thanks tobben for your help. So when in "no trend" situation, white 1 and white 2 must in sync right? how about during uptrend or downtrend?
jarrodt, if you know what is "nothing"in market then you can get your answer.
  • #364
  • Apr 13, 2017 9:07am Apr 13, 2017 9:07am
Quoting Ben708
{quote} Thank you! I will try it later. Btw how do you backtest the strategy? We can't choose H2 in the tester...
I have not done back test.
In general i do not believe so much in back test.

So we have to believe the thread owner.

BR
It is not important how often you fall down, but how often you get up again
  • #365
  • Apr 13, 2017 10:31am Apr 13, 2017 10:31am
Quoting emonts
{quote} I have not done back test. In general i do not believe so much in back test. So we have to believe the thread owner. BR
I trust fund managers, especially Asians! Lol
  • #366
  • Apr 13, 2017 12:11pm Apr 13, 2017 12:11pm
Quoting emonts
{quote} I have not done back test. In general i do not believe so much in back test. So we have to believe the thread owner. BR
I just want to make sure my codes are correct and working haha. Also it is good to know more about backtesting so that I can test for other strategies. Anyway thank you for answers
  • #367
  • Edited 6:04pm Apr 13, 2017 5:51pm | Edited 6:04pm
Snipper
  • #368
  • Apr 13, 2017 8:14pm Apr 13, 2017 8:14pm
Attached Image (click to enlarge)
Click to Enlarge Name: CADCHF_Dailyl.png Size: 73 KB


ok boys and girls, lets practice. What do we have here? Trend, Notrend, or nothing?
If it were not so, I would have told you...
  • #370
  • Apr 13, 2017 9:35pm Apr 13, 2017 9:35pm
Quoting virgilcain
{image} ok boys and girls, lets practice. What do we have here? Trend, Notrend, or nothing?
uptrend
if you have enough paitance , daily can help you make lots of pips.
  • #371
  • Apr 13, 2017 9:35pm Apr 13, 2017 9:35pm
Quoting tobben
{quote} I trust fund managers, especially Asians! Lol
thanks tobben and have a good day.
  • #372
  • Apr 13, 2017 9:50pm Apr 13, 2017 9:50pm
Quoting virgilcain
{image} ok boys and girls, lets practice. What do we have here? Trend, Notrend, or nothing?
It's an up trend. But not sure if this method works with CADCHF. Did you back test on CADCHF?
  • #373
  • Apr 14, 2017 12:25am Apr 14, 2017 12:25am
hi liun this is the h2 chart of usdjpy on 12 april. Is this correct on "downtrend short"? after 6 hours then the white1[0] is > white1[1], so it become nothing and we should close the trade right?
Attached Image
  • #374
  • Apr 14, 2017 1:05am Apr 14, 2017 1:05am
Quoting jarrodt
hi liun this is the h2 chart of usdjpy on 12 april. Is this correct on "downtrend short"? after 6 hours then the white1[0] is > white1[1], so it become nothing and we should close the trade right? {image}
yes, but after 4 hours already it become nothing....
Money is made by sitting, not trading. Jesse L. Livermore
  • #375
  • Apr 14, 2017 1:18am Apr 14, 2017 1:18am
Quoting jarrodt
hi liun this is the h2 chart of usdjpy on 12 april. Is this correct on "downtrend short"? after 6 hours then the white1[0] is > white1[1], so it become nothing and we should close the trade right? {image}
in fact the pre candle you marked is the close of your entry.you may loss about 1 pip.
  • #376
  • Apr 14, 2017 2:02am Apr 14, 2017 2:02am
Quoting liunliun
{quote} in fact the pre candle you marked is the close of your entry.you may loss about 1 pip.
ok thanks liun for your guide, im getting a clearer picture of your system now.
  • #377
  • Apr 14, 2017 2:25am Apr 14, 2017 2:25am
hi liun how about this chart it showing "no trend short", when the next 2 hours "x candle" shows that white 1[0] is > than white1[1] and it become nothing. when do we close the trade when it become nothing during the market?

1. close it after x candle close?
2. close it once we saw "the moment" when white1[0]>white1[1]?
Attached Image
  • #378
  • Apr 14, 2017 3:14am Apr 14, 2017 3:14am
Hi LiunLiun,

Just want to ask if your indicators are based on modified Standard Error Bands ....

thanks in advance
ΕΣΟ ΕΤΟÎΜΟΣ
  • #379
  • Apr 14, 2017 5:02am Apr 14, 2017 5:02am
Quoting liunliun
indicators are not important , THE DEADLY WEAPON IS "SAFE ENTRY" , safe entry is very very very important. i saw the people in Europe , America, they just pay attention to the method (like how it works, for example when a+b+c>x then entry) the thinking of them are very mathematical,i don't mean that is wrong or what, i just want to say philosophy is also very important. Chinese like saying philosophy,so many of them using system without math,they are more subjective. so i think we should using math method but don't forget philosophy.
Wow. After walking through the whole forum posts and manually backtested the strategy for the past year, I must say it is really a smart/safe strategy.
You mentioned about safe entry, and talking about philosophy and I find out that you're really an experienced trader.
I don't know how you come up with the 2 indicators and the use of them, but you're really a genius.
it's sad no one discuss the philosophy behind this strategy although you said in many posts.
The yellow lines predict the future trend and the white lines are the indicators of the safe entry point.
Where "notrend" could be the confirmed reversal point of a top or a bottom of a wave.
And the "uptrend""downtrend" could be the end of a wave. When it becomes "nothing", it means possible reversal. and we shall not take a second entry because it has more possibility as a reversal.
As for the other "nothing" scenarios, which mean we can't tell it's long or short at that moment. So the strategy don't open trade.
This is my understanding of the philosophy behind the strategy. It indeed ignore most fake signals and only trade when the price action is confirmed as "safe entry"
Amazing! Thanks for sharing selflessly!!

順帶一提，我也是說中文的，不過我來自台灣，很高興能跟你學習！
  • #380
  • Apr 14, 2017 5:56am Apr 14, 2017 5:56am
Quoting trader65
Hi LiunLiun, Just want to ask if your indicators are based on modified Standard Error Bands .... thanks in advance
no,base on nothing standard.
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