Simple System

trading strategies and money management discussion, code, results

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csbueno
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Postby csbueno » Mon Jul 13, 2009 8:06 pm

Im just learning about "buzzard trades", seems that this could be a very good way to complement this kind of trading. Ill demo it without the zerolag indi.

Carlos


http://csbueno57.mt4stats.com/

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csbueno
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Postby csbueno » Thu Jul 16, 2009 3:44 pm

I¨ve found so much more precision using buzzard candles. In fact I have lowered my Sl´s.

Im very Happy

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lukx
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Postby lukx » Thu Jul 16, 2009 7:23 pm

Carlos I got one more question regarding your money managemtn. You said that your RR is 1:3 . You also said that for 4H timeframe you go for 50 pips TP. But you also said that your SL is around 150? Soare you rsiking 150 pips to gain 50? should it be another way around?

csbueno
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Postby csbueno » Thu Jul 16, 2009 7:57 pm

150 pips sl and 50 tp is what I meant;
With a 90% win ratio, it has worked for me.

This week I move to just 100 sl. using buzzard candles.

Ideally, I´d like to make it 100 tp and 100 sl. using a trailing stop for whatever points is best.
Remember, MM is kind of a personal thing, since it involves more of a psicological barrier than anything.

Yesterday, I went short on eurjpy in my real acct. I just knew the price was going down, at least 50 tp points. where the 30% fibo retracement level was

How much I wanted to risk? well, 100 points was reasonable and my tp was 150. but I decided to use a Trailing stop. I got 47 pips.

I did the same with the pound and the aud in my training demo. I got profit in all.

I think Ill not use the zero lag indy anymore.


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lukx
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Postby lukx » Thu Jul 16, 2009 8:10 pm

Carlos and what are blue and red dots? 3 Semas?

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csbueno
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Postby csbueno » Thu Jul 16, 2009 8:16 pm

lukx wrote:Carlos and what are blue and red dots? 3 Semas?




Those are from an old indicator that I never took out of that template.

I dont use them. Its not bad either.

You can find it here:

http://codebase.mql4.com/4220

Carlos

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Postby rowdy » Thu Jul 16, 2009 9:19 pm

Carlos,
Did I understand you correctly? You are not going to use the Zero Lag Stochastics indicator anymore and just use I-Regr and Buzzarding.
All I need is Supply and Demand

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Postby csbueno » Thu Jul 16, 2009 9:33 pm

rowdy wrote:Carlos,
Did I understand you correctly? You are not going to use the Zero Lag Stochastics indicator anymore and just use I-Regr and Buzzarding.


Yes; Ive been studyng this buzzard trade thing, and sounds logical, and more precise than using the Zero indy

The Zero has worked very well for me, but I think I can implement a lower Sl if I combine buzzardtrading with the E-regr.

Buzzard trades is something I´ve learn from this great forum


Regards
Carlos

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Postby jimmynz » Thu Jul 16, 2009 11:31 pm

hi,
can u post a lonk foe buzzard trades?
thanks, good work on this system csbueno

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Postby csbueno » Fri Jul 17, 2009 12:05 am

jimmynz wrote:hi,
can u post a lonk foe buzzard trades?
thanks, good work on this system csbueno



Ill try to make a simple explanation:


What I do, is only enter a trade if theres at leat 3 previous candles in the opposite direction of the trade; if the new candle starts to move for certain time in the direction of the trade,(or just wait the candle to close) its a go for me. Obviously, I still use the e-regr channel as a guide.

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