Brainwashing: system development - Page 5

forexts · #41 (**permalink**) 11-10-2005, 11:27 PM

I think that a good filter for Brainwashing could be not open more than a trade in 3 majors at the same time.

chf, eur, gbp are strongly related ... if we open 2 trades at the same time ... we get greater risk.

Best regards.

newdigital · #42 (**permalink**) 11-11-2005, 06:23 AM

I think Brainwashing is ok. No losses during the 6 days. Profit only.
It is very reliable EA and the reliability depends on filter (more higher value of ITrendLevel is more reliability).

newdigital · #43 (**permalink**) 11-22-2006, 11:37 AM

Brainwashing on D1 timeframe.
See the images.

Just to re-mind about this very simple trading system.

I traded this system on M15 during the many months. And then we created many EAs. For EAs and rules go to this thread Brainwashing: system setup for trading manually and for EAs

But I've never tested this simple system on D1 timeframe.

newdigital · #44 (**permalink**) 11-22-2006, 02:08 PM

Brainwashing system was always good for USDCHF pair.
See example of the recent trades for this pair on H4 timeframe.

newdigital · #45 (**permalink**) 11-24-2006, 12:34 PM

On the post #43 you may see some images of Brainwashing system on D1 timeframe.

We may see on GBPUSD that 22nd of November's bar was closed with signal. Please note that we are trading on the close bar.

All the explanation and results you may see from the image.

I use level = 0.008 for iTrend indicator for D1 timeframe for GBPUSD. Of course it should be review periodically as it is the main rule for this system.

newdigital · #46 (**permalink**) 11-24-2006, 12:55 PM

Quote:

Originally Posted by newdigital

On the post #43 you may see some images of Brainwashing system on D1 timeframe.

We may see on GBPUSD that 22nd of November's bar was closed with signal. Please note that we are trading on the close bar.

All the explanation and results you may see from the image.

I use level = 0.008 for iTrend indicator for D1 timeframe for GBPUSD. Of course it should be review periodically as it is the main rule for this system.

And some trades on other pairs.

I use level = 0.008 for iTrend indicator for EURUSD D1; 0.006 for USDCHF D1 and 0.6 for USDJPY D1.

And please read this post http://www.forex-tsd.com/1212-post2.html about how to estimate level of iTrend indicator. I think everybody who are using this Brainwashing system should estimate level because this level depends on the broker. It means that, probable you will have different value of iTrend indicator (different from images attached).

All the explanation you may find in the images.