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dojirock
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Postby dojirock » Sat Mar 02, 2013 6:23 pm

Yes, I have bits and pieces of MO, DChappy, aliassmith, and alot of Dragon. Dragon helped me really understand price movement.
There is no need to read the whole NLA. Keep it simple........
I would say in the NLA thread there are at least a dozen ways to explain and or see the same thing.....





trueblueTEX wrote:
dojirock wrote:True,

Its basically a 1-2-3 method of entry with a bias... Keep it simple!


Gotcha.

I started your thread from the beginning last night and took quite a few tangents off of it where Tyger posted links.

And then those links had follow up....

"You have entered a maze with twisty passages...."

Then (I think it was Aliassmith) someone wrote (I paraphrase) "It's ALL in the NLA thread in around page XX and is only about 20 pages. The whole thing is found in those 20 pages. After that the next 2000 pages is just stuff."

/end paraphrase

Am I correct in believing that this is "basically" the kind of method that you've done for quite some time?
:D :D :D
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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dojirock
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Postby dojirock » Sat Mar 02, 2013 6:28 pm

Aliassmith,

Dont let the semas moving spook you or form a menttal block... place the tro_dynamic_fibs_sr on the screen and set to the number of the sema you want to see...It shows you where the sema would have started...and of course we all know in hindsight where it ends up.

look, observe very carefully to what price does....it is here you will find your answer.



aliassmith wrote:
trueblueTEX wrote:so you wait until the wick has formed? then enter at the candle's low?

[s]It looks like you weren't using the solar wind in your "first win" post. There's a red dot under the sema candle where the arrow is.[/s]

Edit: stupid post!!


You enter short when you have a solar wind red dot or long when u have a green dot under the candle that has a #3 or #2 tagged to it. When a candle closes and it is tagged with a #3 or #2 you enter at the close of that candle/open of next candle. get 30 pips or lose 15. At least that is how I understand it. I still don't like how the semas can move, probably why I prefer my horizontal lines based on s/d.
"A small loss is just as satisfying as a large gain" -MO

"Sometimes we need to stop learning and start thinking...."

"Once you stack, you'll never go back!"

aliassmith
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Postby aliassmith » Sun Mar 03, 2013 3:13 am

I am looking into getting/making an EA for this strategy with adjustable inputs to test different money management ideas.

**Probably have it trade London and US session.
**Market order long will be made when solarwind is green and a #2 or #3 sema appears below a closed candle.
**Market order short will be made when solarwind is red and a #2 or #3 sema appears above a closed candle.
**No orders will be placed if an order is already active
**Stoploss will be placed behind the sema and the profit will be "p" pips
**Order size will be based on stoploss size and x% ((balance*x%)/stoploss))
**When there is a profit cushion y% of the profit cushion will be added to risk per trade, need a user input to make a static balance each week
**After a loss the next trade risk is increased by z%

initial starting values:
p=30
x=.25
y=2
z=50
Now all I need to do is find a good site to learn how to program MT4 ea's
Trade Your Way as Long as It Makes Money!

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trueblueTEX
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Postby trueblueTEX » Sun Mar 03, 2013 4:45 am

aliassmith wrote:I am looking into getting/making an EA for this strategy with adjustable inputs to test different money management ideas.

**Probably have it trade London and US session.
**Market order long will be made when solarwind is green and a #2 or #3 sema appears below a closed candle.
**Market order short will be made when solarwind is red and a #2 or #3 sema appears above a closed candle.
**No orders will be placed if an order is already active
**Stoploss will be placed behind the sema and the profit will be "p" pips
**Order size will be based on stoploss size and x% ((balance*x%)/stoploss))
**When there is a profit cushion y% of the profit cushion will be added to risk per trade, need a user input to make a static balance each week
**After a loss the next trade risk is increased by z%

initial starting values:
p=30
x=.25
y=2
z=50
Now all I need to do is find a good site to learn how to program MT4 ea's


Are you familiar with Stephen Hopwood?
http://www.stevehopwoodforex.com/phpBB3/index.php

He codes ea's for a small fee. I think sometimes for free as well but don't hold me to that ;-)

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Postby dragon33 » Sun Mar 03, 2013 5:39 pm

aliassmith wrote:I am looking into getting/making an EA for this strategy with adjustable inputs to test different money management ideas.

**Probably have it trade London and US session.
**Market order long will be made when solarwind is green and a #2 or #3 sema appears below a closed candle.
**Market order short will be made when solarwind is red and a #2 or #3 sema appears above a closed candle.
**No orders will be placed if an order is already active
**Stoploss will be placed behind the sema and the profit will be "p" pips
**Order size will be based on stoploss size and x% ((balance*x%)/stoploss))
**When there is a profit cushion y% of the profit cushion will be added to risk per trade, need a user input to make a static balance each week
**After a loss the next trade risk is increased by z%

initial starting values:
p=30
x=.25
y=2
z=50
Now all I need to do is find a good site to learn how to program MT4 ea's

If a sema is formed and order is placed. Order should be moved when price moves the sema!!!
Trading is like cycling, first you need to learn how.
Two options: you either lose or win!

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Postby aliassmith » Sun Mar 03, 2013 7:31 pm

trueblueTEX wrote:
aliassmith wrote:I am looking into getting/making an EA for this strategy with adjustable inputs to test different money management ideas.

**Probably have it trade London and US session.
**Market order long will be made when solarwind is green and a #2 or #3 sema appears below a closed candle.
**Market order short will be made when solarwind is red and a #2 or #3 sema appears above a closed candle.
**No orders will be placed if an order is already active
**Stoploss will be placed behind the sema and the profit will be "p" pips
**Order size will be based on stoploss size and x% ((balance*x%)/stoploss))
**When there is a profit cushion y% of the profit cushion will be added to risk per trade, need a user input to make a static balance each week
**After a loss the next trade risk is increased by z%

initial starting values:
p=30
x=.25
y=2
z=50
Now all I need to do is find a good site to learn how to program MT4 ea's


Are you familiar with Stephen Hopwood?
http://www.stevehopwoodforex.com/phpBB3/index.php

He codes ea's for a small fee. I think sometimes for free as well but don't hold me to that ;-)


Thx I'll take a look
Trade Your Way as Long as It Makes Money!

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Postby trueblueTEX » Sun Mar 03, 2013 8:27 pm

aliassmith wrote:
trueblueTEX wrote:
aliassmith wrote:I am looking into getting/making an EA for this strategy with adjustable inputs to test different money management ideas.

**Probably have it trade London and US session.
**Market order long will be made when solarwind is green and a #2 or #3 sema appears below a closed candle.
**Market order short will be made when solarwind is red and a #2 or #3 sema appears above a closed candle.
**No orders will be placed if an order is already active
**Stoploss will be placed behind the sema and the profit will be "p" pips
**Order size will be based on stoploss size and x% ((balance*x%)/stoploss))
**When there is a profit cushion y% of the profit cushion will be added to risk per trade, need a user input to make a static balance each week
**After a loss the next trade risk is increased by z%

initial starting values:
p=30
x=.25
y=2
z=50
Now all I need to do is find a good site to learn how to program MT4 ea's


Are you familiar with Stephen Hopwood?
http://www.stevehopwoodforex.com/phpBB3/index.php

He codes ea's for a small fee. I think sometimes for free as well but don't hold me to that ;-)


Thx I'll take a look


Steven Hopwood has been around for a long time. He was at FF for years and only recently got fed up with it and made his own website. He wrote a money management ea that is used by lots of traders around the world.

It's called the Multi-Purpose Trade Manager. I tried to use it with mods I made myself while rat trading about 2 years ago. Never got it to work the way I wanted it to and I never asked Steve for assistance.

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Postby lazygeorge » Mon Mar 04, 2013 10:21 am

aliassmith wrote:I am looking into getting/making an EA for this strategy with adjustable inputs to test different money management ideas.

**Probably have it trade London and US session.
**Market order long will be made when solarwind is green and a #2 or #3 sema appears below a closed candle.
**Market order short will be made when solarwind is red and a #2 or #3 sema appears above a closed candle.
**No orders will be placed if an order is already active
**Stoploss will be placed behind the sema and the profit will be "p" pips
**Order size will be based on stoploss size and x% ((balance*x%)/stoploss))
**When there is a profit cushion y% of the profit cushion will be added to risk per trade, need a user input to make a static balance each week
**After a loss the next trade risk is increased by z%

initial starting values:
p=30
x=.25
y=2
z=50
Now all I need to do is find a good site to learn how to program MT4 ea's


Aliassmith,

Why......."**Market order long will be made when solarwind is green and a #2 or #3 sema appears below a closed candle.
**Market order short will be made when solarwind is red and a #2 or #3 sema appears above a closed candle."

I thought the OP was taking the trades regardless of a 1,2 or 3 sema...
is this just your own addition of a filter of sorts?

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Postby aliassmith » Mon Mar 04, 2013 2:38 pm

lazygeorge wrote:
aliassmith wrote:I am looking into getting/making an EA for this strategy with adjustable inputs to test different money management ideas.

**Probably have it trade London and US session.
**Market order long will be made when solarwind is green and a #2 or #3 sema appears below a closed candle.
**Market order short will be made when solarwind is red and a #2 or #3 sema appears above a closed candle.
**No orders will be placed if an order is already active
**Stoploss will be placed behind the sema and the profit will be "p" pips
**Order size will be based on stoploss size and x% ((balance*x%)/stoploss))
**When there is a profit cushion y% of the profit cushion will be added to risk per trade, need a user input to make a static balance each week
**After a loss the next trade risk is increased by z%

initial starting values:
p=30
x=.25
y=2
z=50
Now all I need to do is find a good site to learn how to program MT4 ea's


Aliassmith,

Why......."**Market order long will be made when solarwind is green and a #2 or #3 sema appears below a closed candle.
**Market order short will be made when solarwind is red and a #2 or #3 sema appears above a closed candle."

I thought the OP was taking the trades regardless of a 1,2 or 3 sema...
is this just your own addition of a filter of sorts?


Looks like #2 and #3 usually run bigger moves.
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Postby Shinobi-X » Mon Mar 04, 2013 3:32 pm

@aliassmith
any sema is important. not only the 2nd, 3rd, 4th, 5th or even the 6th.

semas in m15 should be geared toward intraday trading. the goal of this specific trading strategy is to make money everyday.

your idea of making it totally automatic might fail. i'm not trying to discourage you or anything. just a friendly warning. i said before that you can only automate this trading strategy (or any trading strategy for that matter) up to the point before the decision making. you have to decide whether to enter the trade or not based on the trading experience/knowledge that you have accumulated all these years. this is where you make use of your brain power to add to your edge (the system). and obviously, you can't put this kind of thing in codes (unless your coding ability is superb and could cover all possible angle).

let me help point out why the idea might fail:

1. you really should never filter the entry point. i said before that any sema is just as important as the one next to it. also, you don't know for sure how far a 1 or 2 or 3 will go. check the market using the 3lzz and TRO dyn fibsr and see how my words stand true. more importantly, by filtering out the entries you will miss a lot of potential profit and/or the chance to recover the loss(es) made during the day. remember a 20 pips profit is small but they adds up.

2. placing the SL behind the sema might bring you greater loss. remember that there are times when the market is so hectic a candle can go beyond 15 pips plus your spread. also, be mindful that there are also fake/failed entries. imagine if according to your tactic (putting the SL above the sema) the SL is only 10 pips and then the price move against you and hit your SL and then this condition repeats several times. the spread will add up over the course of time. the larger the SL the less likely it will get hit repeatedly and vice versa. but too large of a SL will bring disaster to the trading account. 15 pips plus spread is common zone for years now. it might change in the future though.

3. although i mentioned that the take profit is between 20 to 30 pips (most of the time) it does not mean you should close orders strictly on those levels. this is where the brain comes into play. you have to see where the market is heading and how strong it could be. so it's more like open TP with 20/30 pips in consideration. you can see how the price sometimes far exceed 30 pips. if you close for 30 and then the price move another 20 pips then it's not a big deal. but surely you'll hate it when you settled for 30 and then the market went 60, 80 or 120 pips more without any other entry signal in between. sadly, this thing is hard to code.

4. you can definitely experiment with how you manage your trading account but keep in mind what i said in the first few posts... certain things just don't work well when you put them together.



in the end... i might be wrong in all that i said above. so please experiment and keep your mind open to other possibilities to improve this trading strategy. it's shin kaizen anyway :)



@dojirock
semas always appear first and any line comes next. always. keep in mind that the semas repaint and that nature alone means it adapts to the changes whenever price dictates. that is if we are talking about the top/ultimate top or the bottom/ultimate bottom of the chart that you are currently looking at. the keyword here is the chart that you are currently looking at. don't change the TF and make comparison :) but then again, i could be wrong.

the confirmation technique used in this strategy comes from the semas. the 1st thing that we must watch is the SW indicator and then the sema. by using this kind of tactic i can gauge the trading opportunity after the candle is closed (provided there is a sema above or below the current candle and there is a support from the SW).

yes, you are right. those who wish to know where the semas first appear can do so by using TRO_DYN_FIBSR that you can find on this forum. use 3 TRO_DYN_FIBSR indicators on your chart and then set each of those indicators to match the value of the semas (5, 13 and 34). however, it is far better to be there when the sema (any sema) appear so you can train your guts to enter the market. the 3lvzz has sound alert anyways :)



@dragon33
yes, we must follow the semas. repainting indicator can work awesome magic provided we know how to work with it :)







I browsed posts by MO on this forum and guess what I found regarding leverage:

It would be dumb if you did not take advantage of the awesome leverage that Forex has to offer and keep most of your money at home:


to make sure you don't miss the whole point please see the original source of that quote: http://kreslik.com/forums/viewtopic.php ... c&start=20




i said in a few pages back that i won't be posting anymore but i guess i won't be able to do that since there might be important questions from new members regarding this trading strategy. but honestly, i can't post that often since i only have limited time in posting. so, if you have any question please just put it here and i'll try answer it. thank you for your understanding.
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