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Hi everyone, i would like first to say thank you Igor for this system and to show him my respect !
This is my backtest of GBPUSD by hand with F12 for september 2006, i write my positions, and then move on forward. This week i hope i will have enough time to test the period from February (North Finance have not full bars of January).
If someone is interested of these results i will post them.
I hope that this system can produce 200+ a month, and with proper money managment can be well used. I noticed that in realtime is much harder to enter and exit on these levels so the results may varry but they are very promising.
BTW NorthFinance are stop hunting , so be carefull with the tight stops.
I notice too that when the stop is OVER 20 pips (incl. spred -4) is not very reasonable to enter and will try to not play then.
One more time IGOR THANK YOU !
Good luck everyone!
Hi experiment,
Did you find the time to continue the results ?...
Location: Lat = 39*40'16.73" N, Lon = 104*48'53.70" W
Posts: 146
Quote:
Originally Posted by iGoR
That indicator can not help us FA.It shows only the highs and lows over certain trading sessions. regards...iGoR
.. ok.. thanks for letting me know.. i was a bit confused. ..
i have downloaded everything from this thread.. and i am looking forward to this weekend. i am going through all the information. i have read the whole thread and everyone loves your system. i just have to see what all the buzz is about.
__________________
" If you are not here to live a perfect life, then you are wasting it. "
Last edited by furious_angel; 10-06-2006 at 10:00 AM.
Thanks alot for your system .. would you pls explain to me how I can download the Audio file as every time Im trying its translated me to the following site:
Thanks alot for your system .. would you pls explain to me how I can download the Audio file as every time Im trying its translated me to the following site:
I went tru eur/usd, and gbp/usd from September 1 till yesterday. I used the F12 key, and also I used the opening price from regular candles(not Heiken Ashi) to get my entry prices since those would've been the true prices at that moment of time. I used Heiken Ashi(+2 candles) to determine the stop loss levels, and the signal line only for exits. I believe that the execute line will give us a lot of false signals. I only chose "textbook setups" since that is how I will be trading this system live. I will go through usd/chf, usd/jpy, usd/cad, and eur/jpy, but to me this is sufficient to begin trading this live. I have tried many different methods of trading forex, and I have a good feel of what works. Brilliant system, Igor!!!
A bit off topic but can sb recommend a good MT4 broker. I have been using forex.com, but they don't support MT4.
I will try to post the rest of the 6 pairs before the market opens.
Times are GMT+3 hrs, or CET+1hr. I used STS Finance platform, which is a Bulgarian based broker. It would be the time of the Alpari platform +1hr.
I close all trades at 11 a.m. NY time because I believe that most of the time there will be no life left in the market after that time.
Net profit is +93 for long positions, and +328 for short positions for a total of +421 net profit. The column that says 268 doesn't sum all of the rows for short trades, sorry overlooked that.
THANK YOU IGOR, for posting the method and for you excellent seminar (basicTSR.wma).
Are there any special instructions for entries after financial data release?
Would you have shorted the cable on Friday October 6th 2006 at 10:00 EST (16:00 CET) ?
Do you look for confirmation on the 5-min chart, if the action is not crystal clear on the 15 min chart ??
regards,
Unicorn
I would not have taken that trade fryday.
As I said many times in the chat room : price is the most important indicator. If we see price going al over the place it is not clear what the trend is so we stay away from it.
On 5 minutes there was indeed a nice set up at the 15.50cet time but then the reward risk of 3 was not there anymore because price travelled to much that day so leaving not enough on the table for some more theoretical potential move.
One can look to 5min charts or trade from it but on long term you would se that the trading cost will eat the profit...