10.4 A Complete System

[tommiho]

Oh well was having a nice week. Not making much money but not losing much either. Hanging around just above break even for the last 4 weeks. Not sure how to handle these Blah blah bankers. 3% up 2% down 1% up 2% down 4% up 3% down. Everything is hanging around the 240 line or is out beyond the S1/R1 so not much trading out there I like. i guess i will just hang onto what i have and see if I can do something with it.
.....

Hm must agree with you, my trading has gone to the dogs. Just slowly bit by bit loosing my profits when the jpy craziness started. It is like whenever I cut my looses soon, price reverses, whenever I am determined to hold as long as possible price runs right through my SL. The wins are alwais smaller and looses bigger. The whole consistency just disappeared.It is probably time to go back to the demo again.

I think grimweasel is an expert on Daily. Speaking of him I didn`t see him here for a while.

[cad0811]

I´m finding 60 LWMA a great improvement of the system. 60 holds very well the swings but the best part is that you can use it also as a NO TRADE zone indi. It´s terribly simple but you can avoid big DD just no taking trades if price has already breached 60 in the wrong direction. This early breach could be the begining of a trend change.

Screenshot - 09_07_2013 , 20_43_18.jpg

Screenshot - 09_07_2013 , 20_44_26.jpg

(I´m using a Kaufman adaptative MA tuned to (almost) fit 60 LWMA. It is almost the same thing but KAMA is a little bit more accurate holding the swing action)

Hey Zentauro67,

Can you share the Kaufman adaptive MA please.

Thanks,
Lydia

Hi, Lydia

I´m using this one:

kaufman-adaptive-moving-average.mq4

I tried several settings until I get a very close version of a 60 LWMA using this:

Screenshot - 11_07_2013 , 11_15_54.jpg

This KAMA is very useful to put SL some pips above/below. For me was the second line of defense (240 being the last, and a 20EMA the first) but I´ll use it this month as last line of defense. If price goe beyond it I´m out. In regard to hooks (or swings) in a clear trend most of times (75%) are bouncing on the 20EMA. Only 25% bouncing on the 60 (Kama)

Screenshot - 11_07_2013 , 11_25_30.jpg

Best thing should be stay out, but as I never could stop trading a single day I try to avoid DD using 60 as SL line.

Is very nice, may I add a warning indicator inside, color turned to sound an alarm when, thank you!
cheers

[sponn]

I have lost everything I have made so... bad trading

Too much 240 crosses lately, too much strange moves. But system is good. Just need to focuns on it and make good decisions.

[kundanketki]

Lower Low and Lower High made on Daily for EUR CAD

RSI flattenned

Weekly pivot level rejected by 2 bearish Pin Bars.

Have set sell limit order @ 1.35676, SL @ 1.36312

Comments pls.

Kundan

[zentauro67]

Lower Low and Lower High made on Daily for EUR CAD

RSI flattenned

Weekly pivot level rejected by 2 bearish Pin Bars.

Have set sell limit order @ 1.35676, SL @ 1.36312

Comments pls.

Kundan

Porcupine (big spikes in both sides) forming around 240. Big tension. Big move is coming. No way to know it would be up or down. I should stay out. Porcupines are well known as account killers.

[pips400]

Lower Low and Lower High made on Daily for EUR CAD

RSI flattenned

Weekly pivot level rejected by 2 bearish Pin Bars.

Have set sell limit order @ 1.35676, SL @ 1.36312

Comments pls.

Kundan

Could also be seen as a triangle rather than a trend. Don't like the look of the CSS Info either, both currencies similar in strength meaning range or choppy, which is what we've got. I'd stay out for the moment, till we get a break either way.

[Pedigree]

Baluda’s GlobalMarketTrend indi has been around for months now, but it was only a few days ago that I started using it. Dumb ole me!!

As if the benefits of the Info Page CSS is not enough, this indi holds invaluable info, if we will just take a second look at it. The IgnoreFuture option is set to False by default, but I think it should be set to True as it is for the other Info Page CSS squiggles. It appears to give a more meaningful tracing in this mode.

Attached is what my 10.4 Info Page looks like. I added 2 levels (1.2 and 2.5) to the indi just based on the market behaviour of the last 3 weeks or so!

An upward (D1) tracing indicates a strengthening trend and this will coincide with a fanning out of the D1 CSS. A downward tracing indicates a retracing market and will coincide with a converging of the CSS lines.

It would seem that a level of higher than 2.5 is indicative of a trending market in which 10.4 trades will do very well. You can set your TPs at WS1 (for sells) or WR1 (for buys) and expect them to be hit. You must perish any thoughts of CT trades at this time or else they must be selected and managed with great care, and should such a trade be in a losing position, a hedge had better be used in good time (if not a stop).

If GlobalMarketTrend level is at about or less than 1.2, the market as a whole is not particularly strong in any direction and is definitely not trending. Price will hug the 240; 10.4 trades in these circumstances will be hard-pressed to hit their usual TPs, and stops will be taken out more often and more easily. CT trades, on the other hand, will do quite well, albeit with moderate TPs. Also, there should be no need for hedging trades at this time because any losing trade will soon turn around for BE if not for profit.

The region between 1.2 and 2.5 is a kind of discretionary transition zone.

There have been a few moans lately about the way the market has been. Little wonder if you look at your GlobalMarketTrend levels.

These 1.2 and 2.5 levels are just arbitrary levels based on the last 3 weeks or so. Each one will want to look more closely over a longer time frame and re-calibrate it for themselves as found necessary. Better still, it would be great if Baluda or Bob could chime in to correct anything that might be going astray in all of this.

I don’t believe we fully appreciate the immense value we have in these indis, particularly these Info Page ones. For me, a yawning void will be left behind without them that I won’t know how to cope with. I begin to understand Bob’s fears of them ever becoming unusable as a result of some schemes by Metaquotes or any Broker.

Baluda deserves an award for these indis. A million thanks to him again.

[zentauro67]

@pedigree

Impressive!

[camelx0]

Well Bob, I just want to say your system worked for me this week and it worked well. Amongst all the chaos I just took a much more cautious approach and pulled 11/11 successful trades using the system. This is while the guys on ZuluTrade got smashed, even the veterans I've been following for a while. They all bet against the trend and thought it had to come back, they were all wrong. The JPY and AUD massacred them and unfortunately I had some losses on my signal account as well.
I have now learned to trade with patience and follow the rules - if something feels off or i'm not convinced then I don't trade. That helped me this week and now I need to get my risk/reward strategy sorted.

Good stuff and thanks.

So you are saying that you are better than the traders on zulutrade? you know that manual trading is different when you have followers with small accounts following you? it actually is not that easy as it seems.
And should you consider yourself that good of a trader, why dont you open an account with zulutrade? it easier said from outside....not that I am actually supporting any of the traders, my opinion of them is not high, there is still roooooom for improvement.

I agree, but what I'm saying is that I found a more consistent way of trading than anyone I ever followed on Zulutrade or EA I ever used, thanks to Bob and the guys on this forum. If you are ranked amongst the top 10 traders out of tens of thousands on Zulutrade then followers expect sensible trading. I have a lot to learn and there's always room for improvement but my manual account vs my Zulu account tells me that I'm better off on my own having a go, than trusting my money to someone else.

[kundanketki]

Lower Low and Lower High made on Daily for EUR CAD

RSI flattenned

Weekly pivot level rejected by 2 bearish Pin Bars.

Have set sell limit order @ 1.35676, SL @ 1.36312

Comments pls.

Kundan

Porcupine (big spikes in both sides) forming around 240. Big tension. Big move is coming. No way to know it would be up or down. I should stay out. Porcupines are well known as account killers.

Thanks Zentauro67 and Pips400 for sharing your insights. I m learning a lot from it. My stop survived yesterday's up move. I have been following fibonacci based method of identifying trend and entry signals on Daily time frame and see a lot of value in 10.4 system. Attaching a chart which explains the reasons for my short bias.

Thanks

Kundan