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The "V" trading system

  • #101
  • May 24, 2017 10:27am May 24, 2017 10:27am
Quoting poruchik
Thanks. Add a feature for change of color of arrows display
Guys, as per Poruchik request please find vFormation Display indicator with option to change arrow colours.
Attached File(s)
File Type: ex4 vFormation Display v1.1.ex4   29 KB | 868 downloads
  • #102
  • May 24, 2017 10:45am May 24, 2017 10:45am
Quoting mavrick14
{quote} ChicagoRob, are these results using the EA posted on this thread? I would suggest you to trade manually on a demo for a few days on D1. The results will be better than what you have had so far.. Also, watch the youtube videos of Paul to know where to put the stops and/or attach trailing stops if you prefer to do so..
Yes, the result is from the EA. I'm a manual trader for many years, but wanted to see if the EA would produce good results. I prefer D1 for my trading, so that's what I'm going back to.
  • #103
  • May 24, 2017 12:34pm May 24, 2017 12:34pm
wait sell with shark 32

http://traders.com/Documentation/FEE...Downs9810.html

http://thepatternsite.com/Shark32.html
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  • #104
  • May 25, 2017 10:09am May 25, 2017 10:09am
Exactly!

Quoting Landline
I'm of the opinion that few if any strategies can work in isolation. and think that some corroborating means to support a potential trade needs to be present also. The V system is no different in that respect so far as I'm concerned, which means blindly taking a trade solely on the appearance of a V will lead to more disappointing trades than not. How any trader adds an extra layer (perhaps 2) to support an entry is really down to the individual, using whatever method they are accustomed to and are comfortable using. After all that, then realistic...
  • #105
  • May 26, 2017 4:02am May 26, 2017 4:02am
wait ! I might have judged this system to harshly...you are getting a nice bounce from support and resistance levels ,guys ,check it out yourselves
  • #106
  • May 26, 2017 5:20am May 26, 2017 5:20am
Quoting Landline
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....
A brief update. The set of 3 pending shorts triggered, which means I have 4 trades open which includes the initial market order.

No real market momentum to the downside yet to speak of, but looking more promising. I've no reason to tinker with these trades. my intention as always is to give them a chance. I knew my risk beforehand which was acceptable to me, and that is still the case. If tp1 is achieved, then I'll adjust. As I mentioned, this was always likely to be a lengthy trade, and I accept it doesn't suit many, but for me it is very stress-free, and allows a number of instruments to be traded this way.

2 charts attached, 1st one at time of trade, 2nd just now.

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  • #107
  • May 26, 2017 6:09am May 26, 2017 6:09am
how do you work out your TP levels,landmine? I find it one of the hardest things to do...
  • #108
  • May 26, 2017 6:46am May 26, 2017 6:46am
Quoting nozzer
how do you work out your TP levels,landmine? I find it one of the hardest things to do...
There are hundreds of ways to target levels. One of the big problems that the majority of traders tend to experience is exiting prematurely.

This is one of my reasons why I usually have at least 3 positions in play. The idea being that I take TP1 & TP2 as I've shown, but I won't take TP3 which I continue to adjust until the position is closed out via my adjusted s/l . This more or less guarantees that I am not disappointed to exit my last position prematurely as stated.

You can see on my chart a dashed grey line, which is a 15 ma. That has a couple of purposes to me, one being that it gives me a gauge of my TP3 level initially.

After that it is a little more involved, but that's the essence of it in my case. And like I said, everyone has a different take on these things.
  • #109
  • May 26, 2017 6:54am May 26, 2017 6:54am
cheers,landline:-]
  • #110
  • May 26, 2017 7:18am May 26, 2017 7:18am
It's important to remove unnecessary clutter/indicators etc. The chart I've shown for example probably seems basic,, and it is meant to be, yet still contains all that I need, so that my focus remains only on making an informed decision from that information.

That guy in the video I recall summed it up similarly, ie keeping it simple, to avoid over-confusion and hence poor decision making and indecision in general.

Therefore, imo, the key is to drop all the fancy stuff, identify what your looking for (V's in this case), and trade either a likely resultant reversal, or the continuation levels. Practice makes perfect of course, and helps grow the confidence in not just this method but any method tbh.
  • #111
  • May 26, 2017 7:19am May 26, 2017 7:19am
Quoting ChicagoRob
H4 results not looking good. 8 losers, 1 winner. I'll give it a try on D1. If that isn't any better, then it's back to something better. {image}
Unfortunately I've created an EA without trailing stop and the results are the same as you....
  • #112
  • May 28, 2017 12:08pm May 28, 2017 12:08pm
Hi sam68
it is possible . Write a comment
Thanks
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  • #113
  • May 28, 2017 2:19pm May 28, 2017 2:19pm
Try together with V-system
Attached Image (click to enlarge)
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Attached File(s)
File Type: mq4 3 OUT.mq4   5 KB | 955 downloads
File Type: mq4 3 IN.mq4   6 KB | 923 downloads
  • #114
  • May 28, 2017 9:18pm May 28, 2017 9:18pm
Thought I would share results from using this EA last week, thanks to ChicagoRob for pointing me here.... just default, several pairs, 4 hour time frame. Have added daily to the demo for this week.

Cheers
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  • #115
  • May 29, 2017 10:34am May 29, 2017 10:34am
Quoting marlaust
Thought I would share results from using this EA last week, thanks to ChicagoRob for pointing me here.... just default, several pairs, 4 hour time frame. Have added daily to the demo for this week. Cheers {image}
Hi. They are pretty impressive set of results. Having seen others' results on this thread I didn't hold out much hope for this system. I will give the EA a shot and see how it goes for me. I am reading from your response that you just used the EA as it came and did not really play around with the settings. Please correct me if I am wrong.

Thanks for sharing.

A.
  • #116
  • May 29, 2017 11:52am May 29, 2017 11:52am
Quoting altoronto
{quote} Guys, as per Poruchik
bro add 2 pattern (3 IN & 3 OUT) in your display

When we have 2 alert - triangle
when we have 1 alert (V-system) - arrow
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  • #117
  • May 29, 2017 7:13pm May 29, 2017 7:13pm
Quoting shabman1
{quote} Hi. They are pretty impressive set of results. Having seen others' results on this thread I didn't hold out much hope for this system. I will give the EA a shot and see how it goes for me. I am reading from your response that you just used the EA as it came and did not really play around with the settings. Please correct me if I am wrong. Thanks for sharing. A.

Hi Shabman - the only setting I changed in the inputs was the time frame for the 4 hour demo - I changed to that to 4 hourly. Daily of course I left as is. The stats posted were for 4 hour time frame, Daily- I have just started this week. Trading 14 pairs.

This week being NFP week I will just let the demo play out and see how it goes. Drawdown has been very small as you can see from the equity graph posted above....
Cheers
marlaust
  • #118
  • May 30, 2017 2:10am May 30, 2017 2:10am
thank you for your effort marlust ,good stuff !
  • #119
  • May 30, 2017 4:44am May 30, 2017 4:44am
Quoting Landline
{quote} A brief update. The set of 3 pending shorts triggered, which means I have 4 trades open which includes the initial market order. No real market momentum to the downside yet to speak of, but looking more promising. I've no reason to tinker with these trades. my intention as always is to give them a chance. I knew my risk beforehand which was acceptable to me, and that is still the case. If tp1 is achieved, then I'll adjust. As I mentioned, this was always likely to be a lengthy trade, and I accept it doesn't suit many, but for me it is very...
A further update

TP1 hit and also closed out the initial market order net 310 pips.

TP2 @ TP3 now closed half of each, stops adjusted, nothing but profit now as it stands. I can now consider add on trades via h4 upon a suitable V, using the equity already achieved to fund any further. We will see how things develop, but all in all a very profitable outcome so far and with the possibility of getting better.

Attached Image (click to enlarge)
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  • #120
  • May 30, 2017 6:16am May 30, 2017 6:16am
I've just noticed another thread has been created along the same lines as this one for all intents and purposes, albeit cloaked slightly differently lol

No problem with that at all, it happens all over the forums, and becomes a case of "ya pays ya money ya takes ya choice" lol. Interestingly, it seems to include much of what I've already banged on about in this thread. and I guess reinforces the money management requirements at least that are needed to make it in this game. Good luck to both threads I say.
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