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The Paradox System

  • #9,381
  • May 15, 2017 2:21pm May 15, 2017 2:21pm
thank you very much!
Everyday better.
  • #9,382
  • May 15, 2017 2:32pm May 15, 2017 2:32pm
For those who are interested in using the simulator I will upload it on this post. I got this simulator from a trader here on the FF back in late 2007 and it works very well and is used on the Strategy Tester of your platform.

Instruction:

Open up the zip and copy, paste the LFH_Trading_Simulator_3 in to your Expert Adviser folder. Close and reboot your MT4.

You now must create a template for the simulator. You do this by taking the H1 chart and rename it Simulator or Offline and save into your template folder.

Now you need a new profile but before you do be sure the Paradox charts are already named in a profile. If you haven't name the Paradox charts then go to File; scroll to Profile; click on Save As and a window will appear in which you give the Paradox a name(such as The Paradox System) then click OK.

Next; click on File, scroll to profile and click on Default and the default profile will show. Go to File, Profile and click Save AS and rename it Simulator and click OK. Then delete all charts in this new profile. You now have an empty Simulator Profile.

Starting the Simulator. You must be offline for this to work:

Click on File, New Chart and scroll for the EURJPY and click. You now have the E/J H1 chart. Next; click View on the menu bar; scroll to Strategy Tester and click. The tester will show on the bottom of your platform. The picture below shows you how to set it up, I suggest on the date you go no longer than a week at a time so you're not waiting for the data to load.
Attached Image (click to enlarge)
Click to Enlarge Name: Strategy Tester.PNG Size: 20 KB


Once you have it set up then click the Start button. You may have to wait on the data to load and once that is done a visual chart will then start. You then right click on the chart; go to template and click on the template you named for the simulator.

You are now running in Simulator.
Attached File(s)
File Type: zip LFH_Trading_Simulator_3.zip   26 KB | 1,226 downloads
The Dove - Forex Trainer
  • #9,383
  • May 15, 2017 2:34pm May 15, 2017 2:34pm
Quoting shinny
Dana Thank you very much for this tutorial. It is very useful and much appreciated. Guys - its 3372 words, about 75 images and 32 pages (in word.doc). A lot of work. If anyone would like or find it useful, I have the whole tutorial in a PDF document that I can upload in the files section. Regards Shaun
I would love to have a copy. Thank you and God bless.
The Dove - Forex Trainer
  • #9,384
  • May 15, 2017 2:37pm May 15, 2017 2:37pm
Quoting shinny
Ok Here is the Tutorial Dana has kindly done, in PDF format. Now theres no excuse not to read it - on the bus, train, plane, in bed, in the bath, wherever. {image} Regards Shaun
Dana, Shaun, you guys are beyond belief! I don't really have the words except, "THANK YOU!".
  • #9,385
  • May 15, 2017 2:51pm May 15, 2017 2:51pm
Quoting dove_alliance
For those who are interested in using the simulator I will upload it on this post. I got this simulator from a trader here on the FF back in late 2007 and it works very well and is used on the Strategy Tester of your platform. Instruction: Open up the zip and copy, paste the LFH_Trading_Simulator_3 in to your Expert Adviser folder. Close and reboot your MT4. You now must create a template for the simulator. You do this by taking the H1 chart and rename it Simulator or Offline and save into your template folder. Now you need a new profile but before...
I forgot to mention to change the speed to 5 or else it would be too past
The Dove - Forex Trainer
  • #9,386
  • May 15, 2017 3:10pm May 15, 2017 3:10pm
SPEACHLESS!
Stop killing our Oceans, Stop using single use plastics.
  • #9,387
  • May 15, 2017 3:28pm May 15, 2017 3:28pm
Thank you Dove, words cannot explain how grateful I am for your teaching. A lot of reading and studying to be getting on with.
Never Give Up
  • #9,388
  • May 15, 2017 5:16pm May 15, 2017 5:16pm
All of the above and well before is why i to am happy to follow and shall contribute later when more adept. Thank you to you very kind people.
If you make up your own rules then the story is sad.....
  • #9,389
  • May 15, 2017 11:06pm May 15, 2017 11:06pm
Quoting shinny
Ok Here is the Tutorial Dana has kindly done, in PDF format. Now theres no excuse not to read it - on the bus, train, plane, in bed, in the bath, wherever. {image} Regards Shaun
Wow, 1031 downloads!
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,390
  • May 16, 2017 6:35am May 16, 2017 6:35am
Hello folks. I want to thank Dove-Alliance, for you have done a great and altruistic work in compiling those instructions here. I've been "blowing up accounts" for last 6 years and now been studying this this system for 2-3 weeks. I'm working on compiling the rules little piece at a time into an excel sheet that uses IF-AND-commands for personal use.

Has the market this week been more trickier than usual? What should we look for? Selling from top BB hits or SAR+DB attachment on top seems to now be out of the question. The upwards push creates the expectation to sell (I know, "do not anticipate!"), but everything else still points up. Should we look to simply buy from a support or wait for a red EMA arrow on 2H to sell? (Picking up tops and bottoms is tricky, because of breakouts) Any comments on these points would be much appreciated.
  • #9,391
  • May 16, 2017 6:38am May 16, 2017 6:38am
Quoting shinny
{quote} Wow, 1031 downloads!
1075 now. How is that even possible? That is more than 1 download per minute. ???
  • #9,392
  • May 16, 2017 7:09am May 16, 2017 7:09am
Quoting Therapsid
{quote} 1075 now. How is that even possible? That is more than 1 download per minute. ???
Only a certain portion of people viewing this actively post, and there are quite a lot of people i like to think that view this. The rest are just beginners in trading the Paradox, like me, who aren't experienced enough to compile a trading plan.
  • #9,393
  • May 16, 2017 7:10am May 16, 2017 7:10am
Hello Traders

Here is my trade (on EURJPY) from today:

2hr Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 160517 CHART.jpg Size: 381 KB


Sar attachment at the EMA, MACD still up. Pretty self explanatory trade (I hope!).

Attached Image (click to enlarge)
Click to Enlarge Name: EJ 160517 PRINT.jpg Size: 7 KB


Also, here is a GBPUSD trade I opened last night.

Its quite an interesting situation, as you can see:

Here is the Daily Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: GBP DAILY 160517.jpg Size: 359 KB


As you can see the market has been quite tight, so I have been buying the bottom and selling the top. Once it was clear of the market turning over, I have mainly been selling, trying to catch a breakout down, but the ranging has still been in.

Here is the 2hr Chart:

Attached Image (click to enlarge)
Click to Enlarge Name: GBP 2HR 160517.jpg Size: 415 KB


Here we have ROMAR running through the centre, and it looks pretty nasty. The entry I took (with the arrow) we had the SAR attachment at the PSAR, with a bar going through ROMAR.

With the Daily PSAR flipped for the down, and EMA/Purple, why did I buy? Well I still had the 2hr Fib up, MACD up, and Magenta divergence had shown at the top. I had a SAR attachment on the bottom, so I knew the next connection was on the top. I had 55 pips from my entry to the last high to bring out the hidden divergence, so if I got a LH I still had room to get +40.

What obviously happened is the SAR attached on the top, then there was that one crazy 92 pip 2hr bar. The fib had already flipped itself at what was the 61.8.

It wasnt an easy trade because of the 2hr ROMAR/EMA been like they are, so close togther, but the 2hr bar going through them and the SAR was telling me it was only going North either for a LH or a HH and Divergence showing ready for the Daily Consolidated downtrend to begin again.

That spike high was also at the Daily PSAR, literally to the pip, which shows how strong it is.

Attached Image (click to enlarge)
Click to Enlarge Name: gbp print 160517.jpg Size: 10 KB


I know its a bit of a longwinded post, but hope it helps.

Regards
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #9,394
  • May 16, 2017 10:49am May 16, 2017 10:49am
Quoting shinny
Ok Here is the Tutorial Dana has kindly done, in PDF format. Now theres no excuse not to read it - on the bus, train, plane, in bed, in the bath, wherever. {image} Regards Shaun
Just out of curiosity, given that there are very many possibilities for using combinations of the Paradox, do you see at least 1 trade every 24h cycle when looking at a single pair? So if I cannot see a trade then it means that I am not educated enough yet.
  • #9,395
  • Edited 11:24am May 16, 2017 11:14am | Edited 11:24am
The Daily chart works precisely the same as the H2. Only difference is you get one Daily bar per 24 hours. At the end of my tutorial I had explained what happened last Friday with the SAR attachment on the Daily. I also stated because of the Daily SAR ranging was ending. I also told you on Sunday's opening I took the entry going long and took profit at the top.

You had a full blown uptrend with both the Daily and the H2 Sunday's opening. The H2 is still in a full blown uptrend. So the question is how do you enter into the uptrend? The answer is one of three ways.

1. You can wait on a retrace bar outside of Purple and and take the next candle for entry.
2. If you are inside Purple with a slider you wait on the EMA hit and take entry back into the trend.
4. If the SAR attaches with a bar in the trend you take entry.

Until the H2 Parabolic flips you will remain in this trend. And because of the Daily still being up will then place you back into the ranging mode with the Parabolic flip

Because this market had went up 220 pips since Sunday - I would be careful with this Smooth hit at this time because it is after 12 noon EST and trading is pretty much over with until the opening at 17:00 EST. I would say it is about time for another slider and/or the Parabolic flip on this H2. Bottom line - just be patient.
The Dove - Forex Trainer
  • #9,396
  • May 16, 2017 11:20am May 16, 2017 11:20am
Quoting Nikitafen
{quote} Just out of curiosity, given that there are very many possibilities for using combinations of the Paradox, do you see at least 1 trade every 24h cycle when looking at a single pair? So if I cannot see a trade then it means that I am not educated enough yet.
For training purpose you trade the E/J only. And until you are a trader as Shaun is you never trade multiple pairs; which will be a very long time.
The Dove - Forex Trainer
  • #9,397
  • May 16, 2017 11:38am May 16, 2017 11:38am
Quoting dove_alliance
The Daily chart works precisely the same as the H2. Only difference is you get one Daily bar per 24 hours. At the end of my tutorial I had explained what happened last Friday with the SAR attachment on the Daily. I also stated because of the Daily SAR ranging was ending. I also told you on Sunday's opening I took the entry going long and took profit at the top. You had a full blown uptrend with both the Daily and the H2 Sunday's opening. The H2 is still in a full blown uptrend. So the question is how do you enter into the uptrend? The answer is...
Just to be sure, it is hard for me sometimes but want to make my notes accurate:

1. "Retrace bar outside of Purple" means a touch of purple for H2 balance without closing in the other side of Purple?

I took a picture to illustrate my question:
Attached Image


Therefore in 2. "inside Purple" means that candle crossed it and closed on the other side, as is happening right now in H2, right?

Thanks in advance and best regards,

Pablo.
"Know thyself."
  • #9,398
  • May 16, 2017 11:48am May 16, 2017 11:48am
Quoting miau1
{quote} Just to be sure, it is hard for me sometimes but want to make my notes accurate: 1. "Retrace bar outside of Purple" means a touch of purple for H2 balance without closing in the other side of Purple? I took a picture to illustrate my question: {image} Therefore in 2. "inside Purple" means that candle crossed it and closed on the other side, as is happening right now in H2, right? Thanks in advance and best regards, Pablo.
OK - on your illustration you had a retrace bar outside of Purple. The very next bar was at Purple and on that bar was entry going back into the trend. Unfortunately the entry would had taken you into a slider. But because your entry was in trend means your 40 SL would not be hit. As you can see the slider had hit EMA with the SAR and taken you slightly into the hole but eventually gave you the profit. Your illustration shows you the power but also shows you to never trade against the trend.
The Dove - Forex Trainer
  • #9,399
  • May 16, 2017 11:56am May 16, 2017 11:56am
Quoting miau1
{quote} Just to be sure, it is hard for me sometimes but want to make my notes accurate: 1. "Retrace bar outside of Purple" means a touch of purple for H2 balance without closing in the other side of Purple? I took a picture to illustrate my question: {image} Therefore in 2. "inside Purple" means that candle crossed it and closed on the other side, as is happening right now in H2, right? Thanks in advance and best regards, Pablo.
One other thing Pablo. Always focus on support and resistance. In your scenario you have Purple as support in an uptrend. This means the hit on Purple support was the entry.
The Dove - Forex Trainer
  • #9,400
  • May 16, 2017 12:26pm May 16, 2017 12:26pm
WOW! I miss a couple of days and the thread blows up.

Pretty power posts by Dana and Shaun. I would say that within this last month there have been some pretty awesome examples with very detailed information for a few very common trade scenarios.

Anyone that puts the time in to absorb and apply the information will have tremendous success!

Thank you both again!

Chad
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