Today I am showing a 5m chart from USDJPY Simbasystem real trade started yesterday at night.

I enter the trade with a profit target of 25 pips.

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Hi Pippt ,

Congratulations,take care today with anything JPY..G7 meeting,week end,etc nasty surprises and opportunities will abound

Regards
Simba

Hi Ericbach ,

Thanks for the link,looks interesting..enjoy your week off

Regards
Simba

today M5 gbp give a very perfect signal.
almost +100pips

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Hi Simba, thanks for your nice comments, they are encouraging. I'll be looking forward to your other comments and advices regarding the backtest. I'll hold on with further backtesting until then and will use that time to finish reading last three chapters of book by Mark Douglas "The Disciplined Trader" It's a great book, IMHO.

__________________
Malcik

Hi Malcik,

Thanks to you for the effort you are putting into this thread..
Disciplined trader is an exceptional book,as is "Enhancing trader performance"
by Brett N Steenbarger..get it if you can it is extremely useful,but first exercise your discipline and finish(and apply ) the Disciplined trader..

Regarding backtests what I would suggest for the near future is more or less the following :

Money Management:1 full lot per 2k usd in account is 97 to 1 leverage appprox,nd this is too much..try 1 lot per 10k usd in account,it is high,but I think the account will not self destroy,and,if it does,try 1 lot per 20k in account

1-Test same rules on 1M tf with Tp 1 single lot from 0.5 distance to Chandelier stop to 3.5(example:short at 1.9585 ,Chand @ 1.9625,then Tp equal to "20,40,60..140 pips),in steps of 0.5..If you want to get 2+ years of 1m 90% quality data (you can convert to 5,15,30,60,240..,etc,keeping the 90% quality ) just tell me and will post the link..then,after this..

2-Test new idea that probably has crossed several minds in these thread..A-forget about Satl,What would happen,same system,1M..if you want 5M too ok, only with Chandelier both as a stop and as a trend detector,the rest of rules the same of the "best previous test" to compare..B-Same as A but with the addition of an automatic entry at Chandelier Trend change to be either B1-kept open until new trend change or B2-exited at best previous best exit(so,we have to allow for 2 entries and exits ,because we will enter again at the usual%R entry)...then,after this..

3-Test variant of previous new idea..Why consider trend has changed when closed 4h Satl changes colour(actual system)?..Why consider trend has changed when Chand changes colour(previously mentioned new idea ) ?..What happens if we consider that trend changes when Chand has changed to down/up AND price(1m,5m close is ok) is below blue SATL or above red Satl..we will probably improve the system,but we have to test because what gives me the creeps is the potential losses in low volatility range trades..


I understand this is lot of work,so,if anybody else can help you and you have any suggestions about how could I do so,please inform..

Nice readings..and have a good week end
Simba

Hi heaven ,

If you took it..congratulations,and enjoy the related rewards

Have a nice week end
Simba

I would like to make this question to you:

Will you trade this signal ?

4 H SATL down, 1H ChandelierStop down

Please read my post on the SimbaConMan.

Good trades!

Pippt

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Hi Pippt ,

Congratulations for your excellent ConMan post..

1-I will give you the most sincere answer I can:I did not take the signal,and the reason why,as I told you in our IM chat on Friday ,is included and expanded in my latest ConMan post..

2-Trading is an art(think jazz music jam session ),Good art performance needs a "mechanic technique"(instrument technique,rythm,partiture..)almost perfect knowledge by the performer..then you can deviate from the partiture,and start a jam session with the market..that hopefully will end in an applause from your account statement....

3-If you already have started to integrate the knowledge of simbasystem,ConMan,Hurst..as I think you have,you can-AND SHOULD-deviate from the pure mechanical rules..For these people that still do not know ,by rote,how to use the mechanics of Simbasystem,I will recommend to keep trading them (on demo),on a strictly mechanical procedure..and to keep learning the Hurst and ConMan methods,also on demo,and also mechanically,until one day you hear and feel the "click" and start to see how both systems integrate..and then you will have the exhilarating feeling of knowing what the market most probable course of action is ,and what are the best entry and exit points to profit from it..of course you will still make mistakes,but your trading results will reflect a positive change...probably

4-Don't get set into one form, adapt it and build your own, and let it grow, be like water. Empty your mind, be formless, shapeless — like water. If you put water in a cup it becomes the cup, if you put into a bottle it becomes the bottle. You put water into a teapot it becomes the teapot. Now, water can flow or it can crash. Be water, my friend.....

When there is freedom from mechanical conditioning, there is simplicity. The classical trader is just a bundle of routine, ideas and tradition. If you follow the classical pattern, you are understanding the routine, the tradition, the shadow — you are not understanding yourself...

A good trader does not become tense... but ready. Not thinking yet not dreaming.. ready for whatever may come... A trader has to take responsibility for himself and face the consequences of his own doing....

If you have no technique, there is no rigid pattern because the word "You" does not exist. When the market expands You contract and when he contracts, You expand. And when there is an opportunity, "You" do not trade, "It" trades all by itself.....

A trader who drills exclusively to a set pattern of trading is losing his freedom. He is actually becoming a slave to a choice pattern and feels that the pattern is the real thing. It leads to stagnation because the way of trading is never based on personal choice and fancies, but constantly changes from moment to moment, and the disappointed trader will soon find out that his "choice routine" lacks pliability. There must be a "being" instead of a "doing" in trading. One must be free. Instead of complexity of form, there should be simplicity of expression....

Art is the expression of the self. The more complicated and restricted the method, the less the opportunity for expression of one's original sense of freedom. Though they play an important role in the early stage, the techniques should not be too mechanical, complex or restrictive. If we cling blindly to them, we shall eventually become bound by their limitations.

Hope it is clear now
Simba

Hey Simba,

For your info, take a look at the xpma ver.6 set to indicator 7(JMA) set to period 13.
This is the JMA indicator. Found it gives sometimes an earlier and clearer signal then the SATL indicator.
Will be using this signal instead of SATL to determine when trend will change. Will let you know how it works out.