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The "V" trading system

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  • Did You try the V trading on LIVE ACCOUNT?
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  • #1
  • First Post: May 19, 2017 11:01pm May 19, 2017 11:01pm
Dear Traders,

I would like to invite you for a great entry technique , all the credit to Mr. Paul Langham for revealing this entry technique.
Please view his video on youtube.

Entry Rules:

On Daily Charts , watch for a "V" formation ( two down candles , immediately followed by two up candles )
Enter a long position on opening of the 5th bar
SL = below the swing low
TP = 1:2 , and trail the remaining using daily ATR

Exact opposite for short entries.

( can use a filter of the MA 89 - buy above , sell below for a more conservative approach )

Feel free to post your signals and finding , most important try first on demo with proper money management!

Good luck & will share with you some examples.
Attached File(s)
File Type: tpl FF_V_trader.tpl   1 KB | 3,631 downloads
What goes up will come down...
  • #2
  • May 19, 2017 11:12pm May 19, 2017 11:12pm
https://www.mql5.com/en/charts/70841...choice-limited
What goes up will come down...
  • #3
  • May 19, 2017 11:47pm May 19, 2017 11:47pm
https://www.mql5.com/en/charts/70841...choice-limited
What goes up will come down...
  • #4
  • May 20, 2017 3:27am May 20, 2017 3:27am
reminds me of good systems like "The System (Irony included)" by Feb2865 and also "Monthly Profit - Daily Trading using SMA" by Bk8, all on the daily chart.
  • #5
  • May 20, 2017 7:20am May 20, 2017 7:20am
Quoting sam68
Dear Traders, I would like to invite you for a great entry technique , all the credit to Mr. Paul Langham for revealing this entry technique. Please view his video on youtube. Entry Rules: On Daily Charts , watch for a "V" formation ( two down candles , immediately followed by two up candles ) Enter a long position on opening of the 5th bar SL = below the swing low TP = 1:2 , and trail the remaining using daily ATR Exact opposite for short entries. ( can use a filter of the MA 89 - buy above , sell below for a more conservative approach ) Feel free...
I believe this is the video you are talking about. Thanks for sharing.
  • #6
  • May 20, 2017 8:17am May 20, 2017 8:17am
Very interesting. Thanks for posting.
  • #7
  • May 20, 2017 10:11am May 20, 2017 10:11am
love it........... thanks for sharing........
i'm ever lose $2000, now time to go grow up
  • #8
  • May 20, 2017 11:45am May 20, 2017 11:45am
Thanxs sam68



That is realy KISS. Optical backtesting looks promising.

Like it.

An indicator which gives an alert would be very nice. We could check many pairs at the end of the day.


I guess programming it is no problem. But the problem is i cant programm. ^^


greets
Newbies be warned of emmanuel7788. Hes not true.
  • #9
  • May 20, 2017 1:10pm May 20, 2017 1:10pm
Checked the author's YT videos. The guy is the real deal. Looking forward to putting it on demo.
  • #10
  • May 21, 2017 1:44am May 21, 2017 1:44am
I guess visually every system looks amazing. A quick check on USDJPY for example shows different results.

1. If MA 89 was used as a filter to buy above and sell below, then the most recent PA: 2 up & 2 down from 09/05 - 12/05 would have made one to stay on the sidelines.
2. The sell signal from 2 up & 2 down from 19/04 - 24/04 would have resulted in a loss as price quickly pushed higher.
3. 2 up & 2 down from 06/04 - 11/04 would have triggered a sell but 1:2 would not have been reached
4. 20/02 - 23/02: same thing again. price falls on the 5th bar but then reverses

EDIT
I was just looking at other ways to filter the signals as the price action itself has a lot of meaning to it.
Using a 20,2 BB shows a bit of promise, if you look at only buying when price does a 2 up /2 down at upper BB and 2 down/2 up at lower BB.
  • #11
  • May 21, 2017 1:51am May 21, 2017 1:51am
Quoting Malony
Thanxs sam68 That is realy KISS. Optical backtesting looks promising. Like it. An indicator which gives an alert would be very nice. We could check many pairs at the end of the day. I guess programming it is no problem. But the problem is i cant programm. ^^ greets
Most welcome Malony , lets wait for a coding guru to show up here !
but to be frank , you really do not need any indi or EA , it's just to check 28 pairs at the end of the day and take a decision based on the formations available.
What goes up will come down...
  • #12
  • May 21, 2017 1:52am May 21, 2017 1:52am
Quoting chamane
{quote} I believe this is the video you are talking about. Thanks for sharing.
Hi Chamane,
Yes , your are correct , I also invited Paul to our thread here so he can share any further comments or insights.
What goes up will come down...
  • #13
  • May 21, 2017 1:54am May 21, 2017 1:54am
Quoting jw1981
I guess visually every system looks amazing. A quick check on USDJPY for example shows different results. 1. If MA 89 was used as a filter to buy above and sell below, then the most recent PA: 2 up & 2 down from 09/05 - 12/05 would have made one to stay on the sidelines. 2. The sell signal from 2 up & 2 down from 19/04 - 24/04 would have resulted in a loss as price quickly pushed higher. 3. 2 up & 2 down from 06/04 - 11/04 would have triggered a sell but 1:2 would not have been reached 4. 20/02 - 23/02: same thing again. price falls on the 5th bar...
Hi JW1981,
Thanks for the back test , we can exclude this pair then . but remember a good decsion should be taken on longer statistics ( I would say minimum one year , specially that we trade the daily time frame)

If few members step up to take one pair each and we make a list with best pairs that would be great , what do you guys think??
What goes up will come down...
  • #14
  • May 21, 2017 2:20am May 21, 2017 2:20am
Red star - start pattern to buy
Blue star -start pattern to sell
===
no alert, I am not coder
===
10 SMA
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDailyепк.png Size: 34 KB
Attached File(s)
File Type: mq4 4 candles bb-ww.mq4   7 KB | 2,157 downloads
  • #15
  • May 21, 2017 2:24am May 21, 2017 2:24am
Quoting sam68
Dear Traders, I would like to invite you for a great entry technique , all the credit to Mr. Paul Langham for revealing this entry technique. Please view his video on youtube. Entry Rules: On Daily Charts , watch for a "V" formation ( two down candles , immediately followed by two up candles ) Enter a long position on opening of the 5th bar SL = below the swing low TP = 1:2 , and trail the remaining using daily ATR Exact opposite for short entries. ( can use a filter of the MA 89 - buy above , sell below for a more conservative approach ) Feel free...
Thanks for.share. will try on demo
  • #16
  • May 21, 2017 2:57am May 21, 2017 2:57am
Thank you Sam for sharing.
This is a quick EA to test the idea. 1:2 Risk to Reward. No Trailing.
It works on any time frame.
Attached File(s)
File Type: ex4 V_System_01.ex4   13 KB | 1,997 downloads
No guts, no glory
  • #17
  • May 21, 2017 3:50am May 21, 2017 3:50am
Quoting sam68
{quote} Hi JW1981, Thanks for the back test , we can exclude this pair then . but remember a good decsion should be taken on longer statistics ( I would say minimum one year , specially that we trade the daily time frame) If few members step up to take one pair each and we make a list with best pairs that would be great , what do you guys think??

Hi Sam.

Great Idea. I will test Cable from about the middle of next week, actually i have no acess to my trading computer. Simply 1:2 RR. No other filter.


@abokwaik


Thanxs for the EA! One question, does this Expert work on indicies too? On my broker the dax have a quotation like 12630.72. Maybe a nice scalper on m5.



Greets.
Newbies be warned of emmanuel7788. Hes not true.
  • #18
  • May 21, 2017 4:12am May 21, 2017 4:12am
looks interesting.....NZDJPY looks like it fits for a short, but to be fair it does for other reasons too..
but who can argue against additonal confirmation

Attached Image (click to enlarge)
Click to Enlarge Name: cT_cs_1002554_NZDJPY_2017-05-21_21-06-19.png Size: 273 KB
  • #19
  • May 21, 2017 4:29am May 21, 2017 4:29am
Quoting abokwaik
Thank you Sam for sharing. This is a quick EA to test the idea. 1:2 Risk to Reward. No Trailing. It works on any time frame. {file}
doesn't show anything on chart.
  • #20
  • May 21, 2017 4:32am May 21, 2017 4:32am
Quoting Malony
{quote} @abokwaik Thanxs for the EA! One question, does this Expert work on indicies too? On my broker the dax have a quotation like 12630.72. Maybe a nice scalper on m5. Greets.
I don't see why not.
No guts, no glory
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