New profitable System - Sidus

It took 5 days and 5 hours for me to read all the post on this thread. Nice system here.

Sidus, may I ask you some questions ?

Since the 1st post i've been read, there are lot of conclusions.I'm a newbie here.Could you make your last system now (maybe make some last conclusion) and maybe attach some of your chart you're using now ?

Your system using 1H chart, how could you know when exactly the red's tunnel (18&28) cross ? I always left behind when the red tunnel crossed.
Are you using some alerts or what ? Could you attach your alert in MT4 maybe ?? Please, i'm just confuse on what will i use on the chart.

It would be very grateful if you answer it and make some help with me. This is the best system i've ever read. Thx a lot Sidus.

I’m new to all this, so pardon me if I seem to be a bit pedestrian.

Are all values correct?

SIDUS 2

This is what I have so far.

5 and 12 Linear Weighted Moving Average, Shift 0, Levels 0, Apply to close,

Visualization, All Time frames, Show in the data window.

18 and 28 LWMA, same as above.

Relative Strength Index 21.
The is a graph beneath the chart with the scale showing 100, 50, and zero, reading from the top.

Thank you, layer.

18 and 28 should be EMA

and no RSI

After studying the charts, it is apparant that the bagovino system, and sidus's system are essentially identical.

Both use a 5/12 cross. (Granted they differ on the use of EMA vs LWMA)

Sidus uses 18/28 EMAs to determine the long term trend.

Bagovino uses a 21 period RSI.

Place sidus's 18/28 EMA's on any chart, and then place a 21 RSI on the same chart.

Notice anything?

I'll tell you...

LONG:

As soon as the 5/12 cross, and price touches the 18/28 EMA's going up, and they cross, (Sidus's real GO signal), RSI goes positive. And as long as the 18/28 tunnel is BELOW the price, RSI will remain positive.

SHORT:

As soon as As soon as the 5/12 cross, and price touches the 18/28 EMA's going down, and they cross, (Sidus's real GO signal), RSI goes negative. And as long as the 18/28 tunnel is ABOVE the price, RSI will remain negative.

Depends on the flavour you like, but ice cream is ice cream.

Thank you Sidus.

In my oppinion this is a week trade BUT im fallowing this method to see what happens. Here it is:

Short AUD/USD at 1:45 EST .7513
((1hr chart)waited for WMA 5 to cross the narrow "red river" then waited for a chance for a little retracement, which it did and it didnt recross, I ENTERED shortly before closeing of the bar(15min))

15 Pip SL set at .7528

Goal 1 =Close HALF of position .7498 (+15)

Goal 2 = Every +10 pips to move SL up +10 pips to maintain a 30 Pip manual trailing SL (OandA needs this feature)

This is an example of how I plan to trade this system in the next few weeks(demo ofcourse) I sort of like the idea that if i hit the first TP, I really cannot lose money. So many times I have lost money after a retracement towards the river. I guess thats how to learn good money management Trial and Error.

I thought id share this with you fellas. Let me know what you think. If you think im an idiot PM me, It hurts my feelings to do it public.

<creative quote=""><3 Dont get cocky with the market, it will save you a lot of $
</creative>

Hi Liquid,

I'm in the same position short audusd. Pardon my ignorance I'm a newbie but I don't understand "TP HALF"... do you mean to close and open a new trade? Please enlighten me what you mean by TP HALF .7498 (+15).

Thank you.

I personally wouldn't take that trade but I hope it works for you all. To me it's just too risky of a trade for too few pips.

Ton of support at .7502, if it breaks that then you might be in for a ride.

What i mean is you close half of your position. That way if it reverses and hits your stoploss, you can do no worse then losing 0 money. The only risk to doing this exists in the first 15 pips.

I hope this doesnt sound like a tactic for scared money. Its really just part of my money management.

imbiber,
I know what you mean. Im actually looking for advice on the money management side of the coin. do you think it is a good plan? any ideas on how to improve it?

I'm the last person to give advice on MM as I'm still learning myself. Several times I have gotten very conservative with my stops only to be stopped out then have the trade continue on in my direction for another 100 pips. Right now what I do is when I have 25 pips profit I move my stop to BE+1 and then use a trailing stop by 20 pips or so.

What type of stop are you guy setting when you open a trade based on a signal?

I too was conservative with my stops and ended missing a lot of pips. I've been trading on demo for 2 months now and I take this very seriously so much so that when I lose I can't get myself to open any trade -- I just stare at the screen scared to make a move.

When I found Sidus method I started putting my stops @ 20 pips and tp @ 30 and things started to give some results. Later it seemed the 20 sl is still not enough so now I use 30 and put my tp to 40. When I hit 15 pips I put a 15 pip trailing stop to be sure the least I get is a breakeven (15 pips is minimum sl with my broker)

I'm still learning how to use indicators to guide me in placing stops, but so far this sytem for sl and tp works for me.

Thanks for your response

Hi,

I was just wondering, since in a lot of trades Sidus seems to enter as soon as the 5 WMA moves past the 18/28 EMA combo, do we really need the 12 WMA? As opposed to bags mod, Sidus logic doesn't enter on a 5/12 cross, but basically really when 5 WMA moves past 18/28 EMA, or am I mistaken?
So what good is the 12 WMA except for perhaps providing some sort of visual band aid as to which side/where price has been lately? (or like with the guppy MA's, to give a guess of how much spread/condensed price action has been, but that we've already condensed down to the 18/28 EMA railroad, right?)


Oh and the second thought was: do 15 pips trailing stop work well for you on 4h? I know it's usually fine on 1h, but is it doing ok on 4h EUR/USD as well?

Anyone can feel free to answer these, but I'd love to hear from Sidus himself about it, too

Best wishes!

It seems I have been missing all the good signals this week as I'm only awake during the NY session. This is a trade I just entered based on the following indicators
1. 12 had crossed 28
2. support at 94.22 has failed
3. RSI below 50
4. 18 and 28 about to cross

My first TP level is 33 pips south of 94.17 which I will then move my stop to BE + 1 and trail from there on out. I placed my orginal stop at 94.44 which is just shy of 30 pips.

YOu are not using the 5 WMA and the 12 WMA? Have you found these MA work better?

I have never compared the two actually. Just what I'm used too. I had read the very long thread on another forum about the BGX and when she switched to EMA's so did I.

Anyone short or looking to short eur/jpy soon?

Wallym,
Looks like it is getting favorable. It should dip below the RSI 50 soon.

Do we wait till it goes below the vegas 1hour tunnel?