Never Lose Again

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teoman
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Postby teoman » Sat Jun 20, 2009 4:40 pm

TheRumpledOne wrote:Image

Why did it take me so long to think of this?



this very cool, thanks tro....

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TheRumpledOne
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Postby TheRumpledOne » Sat Jun 20, 2009 5:05 pm

Why can't we see what price is doing?

Image

Price is either moving up, moving down or not moving at all.

What is wrong with our eyes that we can't see what price is doing?

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It's so simple, price is either moving or standing still.

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Why do we need colors to know which way price is moving?

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Does adding a line really make it easier to see what price is doing?

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Well, if adding one line makes it easier then adding more lines should make it even easier, right?

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Why can't our eyes see the "trend"?

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Maybe adding another chart will help us see...

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Naturally, if adding another chart makes it easier, we should add more.

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If only someone would tell us the "magic" numbers to use...

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Price either climbs up or down a "stair".

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You mean to tell me I can think of price going up and down stairs?

IT CAN'T BE THAT SIMPLE!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

Please do NOT PM me with trading or coding questions, post them in a thread.

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TheRumpledOne
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Postby TheRumpledOne » Sat Jun 20, 2009 5:32 pm

Image

You mean to tell me I can think of price going up and down stairs?

IT CAN'T BE THAT SIMPLE!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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teoman
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Postby teoman » Sat Jun 20, 2009 5:32 pm

edit
Last edited by teoman on Sun Jun 21, 2009 4:27 am, edited 1 time in total.

teoman
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Postby teoman » Sat Jun 20, 2009 5:37 pm

edit
Last edited by teoman on Sun Jun 21, 2009 4:27 am, edited 1 time in total.

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Bushfella
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Postby Bushfella » Sat Jun 20, 2009 6:29 pm

Teoman, thank you for posting your file. (teoforexroom.zip)W hat program do i use to unzip it (technophile!) please. I usually use winram but isn't working with this. Thanks, Bushfella
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teoman
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Postby teoman » Sat Jun 20, 2009 8:14 pm

Bushfella wrote:Teoman, thank you for posting your file. (teoforexroom.zip)W hat program do i use to unzip it (technophile!) please. I usually use winram but isn't working with this. Thanks, Bushfella


attached again as .tpl

Best regards..


how it looks is at below ( Iadded fibsr.cci..ema,and VSA?_RSX_BARS_TRO_MODIFIED_VERSION.mq4)



Image
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teoforexroom.tpl
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TheRumpledOne
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Postby TheRumpledOne » Sat Jun 20, 2009 11:01 pm

Teoman:

What are those SQUIGGLYS doing in this thread!??!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



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Postby rowdy » Sun Jun 21, 2009 3:36 am

I must be losing it(I know, you think I have already lost it).

I was looking at Teomans idea of using the 7 Semafors. I looked and looked and it started to get me interested. I opened a chart for EU on 5 minutes and counted the number of times a 7 Semafor came up. I noticed that it happened on average only about twice a month. I was interested in using this for a high percentage reversal trade combined with SV or whatever. The first thing I wanted to know was how far in pips did the price go against me after the 7 semafor first shows up. So I whipped up something quick just to observe this using the MT4 playback feature. I observed that it would move against you less than 100 pips in most cases. In a couple of occasions it moved hundreds of pips. I just about gave up because I cant know when I would get caught in a vicious breakout. Then it dawned on me. What if I set a 110 pip stop and entered immediately when a 7 semafor appears? Then take profit when a 7 semafor forms against me. I then manually backtested this idea and here are the crude results-

1/23 Long 1.27785 54 pips
1/27 Short 1.3311 86 pips +367 pips
2/2 Long 1.2710 92 pips +509 pips
2/9 Short 1.30705 32 pips +328 pips
2/18 Long 1.25195 62 pips +613 pips
2/23 Short 1.2974 76 pips +378 pips
3/3 Long 1.24635 102 pips +408 pips
3/19 Short 1.37275 630 pips -110 pips
3/30 Long 1.3118 310 pips -110 pips
4/5 Short 1.35725 13 pips +441 pips
4/22 Long 1.28960 15 pips +691 pips
6/3 Short 1.4316 70 pips +1350 pips
6/15 Long 1.3768 49 pips +597 pips
to date +174 pips
Total +5636 pips

The first column is the date, Second is Trade you would take, Third is the price when the 7 Semafor anchored, fourth is the number of pips the price moved against you before it anchored, fifth is the total pips acquired from the trade. I must be crazy. Or am I?

I have started a full backtest of this EA but it is going to take about 110 hours.

If these numbers are even close then this is the most incredible thing I have discovered yet.

Would someone do a quick check of this? Not a super detailed analysis but just see if these numbers could be remotely realistic. In the meantime, I will let the computer keep crunching.
All I need is Supply and Demand

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monolisa
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Postby monolisa » Sun Jun 21, 2009 6:13 am

Kudo to teoman for the high tf semafor concept. Thanks.

The 7 semafor represents weekly high/low. Logically price would reverse at these points given the significance of such levels. However if momentum exists (eg. news events) then a breakout might be possible. TRO might be able to shed some light on the degree of breakout using some of his wonderful statistical tools :)

Again if you are trading weekly high/low on weekly chart then such profit level should be expected. But I would prefer the compounding effect of profits on smaller tf.



My $0.02

Lis

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