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The "V" trading system

  • #41
  • May 21, 2017 5:00pm May 21, 2017 5:00pm
Quoting sam68
{quote} which pair / TF Gilab?
I tested EJ.
  • #42
  • May 21, 2017 5:46pm May 21, 2017 5:46pm
Quoting altoronto
sam68, thank you for starting v-formation thread, please find attached indicator. {file}
-------7


hi , this indi goes on D1 chart ?
da n0o0b + $hit_Disturber
  • #43
  • May 21, 2017 7:49pm May 21, 2017 7:49pm
Quoting sam68
{quote} Hi Alicia I suggest to install the indi ( post 31 ) and watch the chart of your preferred pair on hourly or H4 before trying the EA Next step is to trade manually after that you decide on proper setting we will help you then, My Regards
30 signals testing demo
Attached Image (click to enlarge)
Click to Enlarge Name: 12.png Size: 53 KB
As with any system or strategy, it is not 100%
  • #44
  • May 21, 2017 7:51pm May 21, 2017 7:51pm
pipsy7, it works on all timeframes but sam68 recommends on Daily chart. Also, here is mtf version.
Attached File(s)
File Type: ex4 vFormation 1.01 mtf.ex4   16 KB | 983 downloads
  • #45
  • May 21, 2017 8:26pm May 21, 2017 8:26pm
Quoting altoronto
pipsy7, it works on all timeframes but sam68 recommends on Daily chart. Also, here is mtf version. {file}
To be on the same page... On the Daily, what is the time (EST) considered as the end of the day?
  • #46
  • May 21, 2017 8:35pm May 21, 2017 8:35pm
Quoting Jeg
{quote} To be on the same page... On the Daily, what is the time (EST) considered as the end of the day?
Well , my current broker is GMT+3
What goes up will come down...
  • #47
  • May 21, 2017 8:38pm May 21, 2017 8:38pm
Testing 30 m using 89 SMA filter
Attached Image (click to enlarge)
Click to Enlarge Name: 16.png Size: 55 KB
As with any system or strategy, it is not 100%
  • #48
  • May 21, 2017 11:55pm May 21, 2017 11:55pm
Following your work. Thanks and
Regards
  • #49
  • May 21, 2017 11:58pm May 21, 2017 11:58pm
Good morning all,

The EA was provided for testing purposes, to help identify which pairs/tfs are good for this pattern.

It's a quickly coded ea that is not suitable for live trading.

Best Regards,
Khalil
No guts, no glory
  • #50
  • May 22, 2017 3:15am May 22, 2017 3:15am
Quoting altoronto
here is mtf version.
TF= D1
===
It is bug?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: USDCHFH4оен.png Size: 61 KB
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  • #51
  • May 22, 2017 5:47am May 22, 2017 5:47am
Quoting poruchik
{quote} TF= D1 === It is bug? {image} {image} {image}
I agree , these dots are not in the right spot , always double check the candle count
What goes up will come down...
  • #52
  • May 22, 2017 6:05am May 22, 2017 6:05am
Quoting alicia19
{quote} coco daily is in buy mode {image}
Hello Alicia,

please review entry rules carefully , to go long you need to see two down candles then immediately followed by two up candles , you enter on the fifth candle...
hence cocoa is not in buy mode at this stage.
or our "V" formation not present to buy
What goes up will come down...
  • #53
  • May 22, 2017 6:12am May 22, 2017 6:12am
Quoting poruchik
{quote} TF= D1 === It is bug? {image} {image} {image}
You have a red dot, because you have two ups/two downs, which is a short trade.
  • #54
  • May 22, 2017 6:22am May 22, 2017 6:22am
It is mtf indi.
I want to see the last blue dot from D1 on TF H4, H1.
But the indicator doesn't show her.
Attached Image (click to enlarge)
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  • #55
  • May 22, 2017 6:22am May 22, 2017 6:22am
Shorting EJ now on a small position single market order in case my pending set of 3 shorts at a better price miss the bus, ref w1 @ d1 analysis which includes my own V interpretation of what I like to see.

I'll update if anything worth reporting ie stop out, TP adjustment, add-ons etc. It's impossible to say for sure how any trade will pan out, the important thing is though to repeat what has been proven to work!

It's likely to be a lengthy trade duration and patience is required. I note most here appear to prefer to trade m1, m5, m15 using ea's. Not my cup of tea, but horses for courses nonetheless.
  • #56
  • May 22, 2017 6:39am May 22, 2017 6:39am
Quoting Landline
I note most here appear to prefer to trade m1, m5, m15 using ea's. Not my cup of tea, but horses for courses nonetheless.
I'm with you on this one. Commissions, spread, slippage are the same for an M5 trade with a 10-pip TP, as they are for a D1 trade with a 100-pip TP. The ones who come out smelling like a rose with lower TFs are the brokers.
  • #58
  • May 22, 2017 6:50am May 22, 2017 6:50am
Quoting ChicagoRob
{quote} I'm with you on this one. Commissions, spread, slippage are the same for an M5 trade with a 10-pip TP, as they are for a D1 trade with a 100-pip TP. The ones who come out smelling like a rose with lower TFs are the brokers.
Yes...that is true. But don't get me wrong, there is a place for small t/f trading like m15, m30, particularly on Mondays and Tuesdays and I often operate using that approach. By then normally a pattern has emerged for the week for position trading and longer t/fs imo. Of course we all see things differently, it's natural.
  • #59
  • May 22, 2017 7:13am May 22, 2017 7:13am
Hi

Today, I think all Yen crosses are having nice setups. This is today's testing results.

Hope I am right.

Regards
Ana
Attached Image (click to enlarge)
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  • #60
  • May 22, 2017 7:22am May 22, 2017 7:22am
Quoting alicia19
{quote} thanks. You will not make any money trading like that. The V meant that the market bottomed or toped and the you wait for close above/below the 89 SMA to confirm stop loss below last swing low . What you are telling me is to only take long "V" set up above the 89 SMA? OK them i'm trading a different system . {image}
Yes, if you are a conservative trader you can use MA as a filter to enter long above or vice versa
If you are an aggressive trader , just delete the MA and take all proper V formation ( for buy enter on 5th candle after a two down and two up , vice versa for sell )
Use H4 and above
Good Luck!
What goes up will come down...
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