SteveHopwood » Mon Aug 24, 2020 10:52 pm wrote:I managed to withstand about a half of the video. That was better than most of such videos. I usually last less than half a minute. His voice did eventually break my spirit. As usual.

The guy is promoting a range breakout system. OK, so he describes this stuff differently, but that is what he is doing. And I bet ten quid of mine to one quid of yours that he is cherry picking his chart setups.

In essence here is what he is saying: the market will range for a while; then it will break out of the range and go off in one direction; then it will bounce back.

Yeah, we kind of learned that over the years.

Peaky is quite handy here. Peaky tells us where the markets are heading on any time frame you care to view. Eventually. Eventually might take a while to arrive.

I could go back in time and pick hundreds of cherry-picked charts to back up what I write about this stuff. Life is too short to bother.

I do not say that the guy is wrong, just that we already know this stuff. Mind, don't pay for anything he is likely to try to sell; it is already available for free here - just in a different format.

yo009 » Fri Aug 28, 2020 7:48 am wrote:What a coincidence! I am in the process of building a website explaining a similar strategy.

It’s not a new idea, and what breaks it is execution – can you be there when the setups happen, can you reverse trades on time, can you re-enter after SL.

It does amount to a range breakout and the “expansion phase” will eat you alive.

As Steve pointed out, it’s very easy to find the setups after the event but hard to judge while they are developing. And not, they are not always clean and clear.

I am trying to find the right execution and semi-automation that might help. The website is not finished in any way but take a look - you might find some ideas.

https://forex-trade-assistance.webnode.com/strategy/

Cheers
Yan

yo009 » Sun Aug 30, 2020 12:32 am wrote:Your question was about automation. I am providing Current Setups for other traders which for you will work as human powered indicator.
https://forex-trade-assistance.webnode. ... nt-setups/

The problem with indicators (ATS included) is that they generate too many signals and in the end it’s up to the trader to veto which ones are worth trading. Means, it’s just as easy to identify the patterns yourself.

The big question is – how do you trade the setups. It’s the missing piece of most strategies.

In some ways we are faced with the same problems as the original Moving Day. Think of Expansion Line as the Moving Average. Do we reverse trades every time the price crosses – probably not. Do we trade the breakout, which is Moving Day + 20 pips? Or, do we join the big boys and trade from the edges in… and perhaps wait and see if there’s a breakout on the other side?

Execution is usually left to the understanding, intuition, and temperament of the trader - It’ll be more productive if we try to automate or semi-automate execution rather than create another indicator.

I am curious to know what works and what doesn’t for you.

If possible, we can combine successful execution techniques into a semi-auto EA.

Cheers
Yan

szfxtrader » Sun Aug 30, 2020 12:10 pm wrote:
I like to trade against the majority of the traders

SteveHopwood » Mon Aug 31, 2020 2:43 am wrote:

szfxtrader » Sun Aug 30, 2020 12:10 pm wrote:
I like to trade against the majority of the traders

Why?

szfxtrader » Mon Aug 31, 2020 2:37 pm wrote:

SteveHopwood » Mon Aug 31, 2020 2:43 am wrote:

szfxtrader » Sun Aug 30, 2020 12:10 pm wrote:
I like to trade against the majority of the traders

Why?

Unfortunately they are losing +- 90% of the time, example: EUSD is moving up, but many traders are selling it now.