Macfibo system - Page 78
Page 78 of 160 FirstFirst ... 28 68 76 77 78 79 80 88 128 ... LastLast
Results 771 to 780 of 1596
Like Tree130Likes

Thread: Macfibo system

  1. #771
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    571
    Quote Originally Posted by luciferey View Post
    Haha...Is really bored while waiting for signal, but sometimes i see the big candles move up and down quickly between a few minutes while you still waiting for the valid signal during the peak hour, i'm really really cant stand for it and hope to jump in to scalp for a 'little' pips before i enter the valid signal... hahaha... Besides that, i've tested your trading system, is really a good system!!! REALLY!!! And i know ist was out of topic if we discuss here, or can you just pm me your scalp style?



    Thank in advance...

    Regards,
    luciferey
    Go to forexfactory and search for 'Speed Trap'.. if the thread still exist.

  2. #772
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    571
    Quote Originally Posted by Muneeb View Post
    Too many SR Lines, how do I trade :/
    Hi Muneeb.

    If it confuses you (SR Lines), and this applies to everybody who finds S/R Lines Analysis more damaging to their trading progress, to leave this analysis OUT of your analysis tool for now. Or.. just use previous day's high low (without the rule of respecting the SR atleast twice) as their S-SR line. Probably it's my fault not to write a clearer guide on S-SR Line (which I might have to re-write it again ).

    Secondly, I've said it somewhere here in the thread that I am not rigid with S-SR Lines with Main Signal. I am VERY rigid and strict with S-SR Line application when it comes to Secondary Signal. Again, I should've made this clear in the guide (another reason for a re-write.. pfft.. hehehe). I still maintain S-SR Line Analysis avoid us effectively from entering a fake Macfibo but I can understand it can cause confusion most traders.. so Muneeb and others who think S-SR Line is confusing, just leave it out.. for now.

  3. #773
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    571
    Quote Originally Posted by CryAgony View Post
    Good observation mate, but keep in mind that Stoch is an oscillator... so basing your analysis on it is wrong by principle. Look at it as confirmation, not as green light. Even more, check divergences, on different TF, instead of just overbought/oversold itself.

    What shouldnt let you go into a trade and THEN let you open the indie to search confirmation, is price action: it's never wrong

    For the stoch settings, I prefer using 14.3.3
    Quote Originally Posted by Muneeb View Post
    I have found something which works with Macfibo

    I use Stoch with these settings 10,3,3 MA Simple.

    when 5MA cross 20MA, I watch my stoch if it is over bought or over sell, if it is over bought and the signal is giving a buy signal, I dont take the trade and it works. Same goes for Selling.

    This is what I have found, you can back test it yourself and see if it works.
    Have a look at USD CAD H1 chart of today, with Stoch you will see what I am talking.

    I may be wrong, but this is just my 2 cents, to contribute
    Quote Originally Posted by vessel18 View Post
    OK - looks like I need to get out...
    That's a good idea Muneeb and Cryagony's take on oscillators is accurate as well. I never dismiss one's idea but what I usually ask them (when they have an idea that might work) is the following :

    a) Backtest it via quickly browse through on 10 random days/ 10 random trad signals on the specific trading idea/rule etc on the specific pair you want to test (Test Phase 1)

    b) Confirm it that your idea works really well in those 10 random trading signals - IF doesn't work, back to drawing board and then repeat step a)

    c) One you can confirm in b) that it works, then do this (Test Phase 2) : Backtest it and log it thoroughly (read guide ver 1.1) for over 200 trades and see it the stats are good (only you can decide what is your gauge as Trading System Success) - If not good, modify and repeat step a)

    d) If the stats in Test Phase 2 in step c) are all good, further test it (Test Phase 3) minimum 500 trades and see the stats if it's good.

    e) If Test Phase 3 in step d) has good stats, then you paper trade (Test Phase 4) it for 20-40 trades before trade it Live. - If not good, modify and repeat step a)

    f) If Test Phase 4 is good in step e), trade it live.

    Ridiculous list?? I know but unfortunately that is roughly how you should test a Trading System before use it Live. Forex Trading is real business, we gotta treat it seriously. (Trust me.. Rob Booker's Backtest phase far more worse and longer! ). Trust me on this : BACKTEST A SYSTEM THOROUGHLY DOES WONDERS TO YOUR TRADING PSYCHOLOGY!
    Last edited by sufiansaid; 04-11-2012 at 09:46 PM.

  4. #774
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    571
    Quote Originally Posted by CryAgony View Post
    Good observation mate, but keep in mind that Stoch is an oscillator... so basing your analysis on it is wrong by principle. Look at it as confirmation, not as green light. Even more, check divergences, on different TF, instead of just overbought/oversold itself.

    What shouldnt let you go into a trade and THEN let you open the indie to search confirmation, is price action: it's never wrong

    For the stoch settings, I prefer using 14.3.3
    Quote Originally Posted by Muneeb View Post
    I have found something which works with Macfibo

    I use Stoch with these settings 10,3,3 MA Simple.

    when 5MA cross 20MA, I watch my stoch if it is over bought or over sell, if it is over bought and the signal is giving a buy signal, I dont take the trade and it works. Same goes for Selling.

    This is what I have found, you can back test it yourself and see if it works.
    Have a look at USD CAD H1 chart of today, with Stoch you will see what I am talking.

    I may be wrong, but this is just my 2 cents, to contribute
    Quote Originally Posted by cyanidez View Post
    Anybody going for the EURUSD trade that is setting up? I'm concerned about time of day...
    Assuming the time of your post, it's during after London Close. Always good to avoid signals in those times buddy.

  5. #775
    richhand is offline Junior Member
    Join Date
    Dec 2011
    Posts
    164
    Quote Originally Posted by sufiansaid View Post
    Hi.. maybe I misunderstood your first question. Pardon me.

    There are times when the MA are 'crossing' even before the candle closed. Even in that situation, we don't pull the trigger yet. We pull the trigger when it is 'crossed', in other words, we wait until the candle that led to the 'crossing' to be CLOSED to confirm the 'crossing' hence the word 'crossed'.
    Ahh thankyou, ive got it now. On some of your charts it looked like another candle was left to form following the crossover candle but I understand that this isn't what happened in reality. Great system btw and lots of thorough detail from you.

  6. #776
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    571
    Quote Originally Posted by CryAgony View Post
    Good observation mate, but keep in mind that Stoch is an oscillator... so basing your analysis on it is wrong by principle. Look at it as confirmation, not as green light. Even more, check divergences, on different TF, instead of just overbought/oversold itself.

    What shouldnt let you go into a trade and THEN let you open the indie to search confirmation, is price action: it's never wrong

    For the stoch settings, I prefer using 14.3.3
    Quote Originally Posted by Muneeb View Post
    I have found something which works with Macfibo

    I use Stoch with these settings 10,3,3 MA Simple.

    when 5MA cross 20MA, I watch my stoch if it is over bought or over sell, if it is over bought and the signal is giving a buy signal, I dont take the trade and it works. Same goes for Selling.

    This is what I have found, you can back test it yourself and see if it works.
    Have a look at USD CAD H1 chart of today, with Stoch you will see what I am talking.

    I may be wrong, but this is just my 2 cents, to contribute
    Quote Originally Posted by richhand View Post
    Ahh thankyou, ive got it now. On some of your charts it looked like another candle was left to form following the crossover candle but I understand that this isn't what happened in reality. Great system btw and lots of thorough detail from you.
    No problem buddy. Happy to help. Keep reading, testing and posting.

  7. #777
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    571
    MACFIBO SYSTEM UPDATE 12/4/2012

    There were two trading signals and only one was valid (interms of rules stated in ver 1.1). There was a Buy signal, in which i took without hesitation. 1.618 was more or less equal to Significant Resistance (not shown in the chart for clarity and not to confuse others). A nice 22 pips profit. If you notice I mark the previous day's high as recent. Let's start there for now (Muneeb, are you reading? hehe). I realised Significant S/R Line Analysis is tricky and 'subjective' to others so just leave it alone for now.



    The second main signal came really late in yesterday's trading session (after London Close). I understand if some still want to trade this signal but I won't and will not log any signal came from this session (Post-London close session).

    MACFIBO PERFORMANCE Q1 REVIEW

    So far Macfibo this year doing good for EURUSD and XAUUSD. EURUSD harvested 864 pips (more or less 290+ pips per month average) and XAUUSD harvested 1271 pips (more or less 400+ pips per month average). Mind you, all of this based on basic entries (no ver 1.1 application here) and trading in Asian to London Session only.

    Macfibo in EURUSD, in the last 10 trades have harvested net profit of more than 40 pips whilst XAUUSD in the last 10 trades have harvested net profit of more than 150 pips. All good in my view.

    EURUSD MACFIBO STATISTICS 2012 Updated 12/4/2012

    Avg Win : 33.3 pips
    Avg Loss : 23.2 pips
    Net Pip : 864 pips
    Win Percentage : 62.8%

    LAST 5 TRADE FORM : WWWLW (Total Pips : +50 pips)
    LAST 10 TRADE FORM : WWLLLWWWLW (Total Pips : +47 pips)

    GOLD MACFIBO STATISTICS 2012 Updated 12/4/2012

    Avg Win : 62.1
    Avg Loss : 50.1
    Net Pip : 1271
    Win Percentage : 66.0%

    LAST 5 TRADE FORM : LWLLW (Total Pips : +12 pips)
    LAST 10 TRADE FORM : LWWWWLWLLW (Total Pips : +190 pips)

    **Pdf file attached in first page
    Last edited by sufiansaid; 04-11-2012 at 10:48 PM.

  8. #778
    sufiansaid's Avatar
    sufiansaid is offline Master Contributor and Member
    Join Date
    Feb 2012
    Location
    Brunei
    Posts
    571
    MACFIBO EUROPEAN AND EUROPEAN-US SESSION PERFORMANCE

    One good friend of mine, another Macfibo trader have shared with me one interesting stat. He has tested EURUSD Macfibo and Re-entry Signal (using only previous day High Low as his Significant SR Line) on London and London-US overlap session only. He tested it so far from January 2009 until Late July 2009. The stats he have obtained are as follows :

    Trade Signals : 80 trades
    Avg Win : 35.1 pips
    Avg Loss : 10.3 pips
    Net Pip : 1990 pips (Avg of 284 pips per month)
    Win Percentage : 75% <-- daaamnn!!

    Worst Run (in total pips) : 130 pips * has to lose minimum twice in a row
    Best Run (in total pips : 418 pips * has to win minimum twice in a row
    Avg Worst Run : 45.7
    Avg Best Run : 156.3

    Worst Run (consecutive Win Loss) : 2
    Best Run (consecutive Win Loss) : 9

    He also note that European-US overlapped session get the following stats :

    Avg Win : 38.9 pips
    Avg Loss : 9.8 pips
    Net Pips : 982 pips
    Win Percentage : 81%
    Last edited by sufiansaid; 04-11-2012 at 11:28 PM.

  9. #779
    javierpuga is offline Newbie
    Join Date
    Jul 2008
    Posts
    19
    Quote Originally Posted by sufiansaid View Post

    I also profited on the first trade, but not as much, because my fib was set differently and the 1.618 line was lower on mine. Why did you set Point B of the fibonacci to that candle and not the low 9 candles ahead of it (which is what I did)?

    I figured price had gone up and back down since that last low, so this would be my Point B

  10. #780
    christinaa is offline Senior Member
    Join Date
    Mar 2012
    Posts
    377
    Thanks Sufiansaid for the 1.1 I really appreciate you helping us
    And Sufiansaid how do you tackle the weekend, If a trade is still going and hasn't hit the TP, but still hasn't hit a 5x8 cross, do you just exit the trade before the market closes even if at a loss?

Forum Sponsors
Page 78 of 160 FirstFirst ... 28 68 76 77 78 79 80 88 128 ... LastLast

Similar Threads

  1. Is A Futures/options Trading System Right For You?
    By geline in forum Free Forex Trading Systems
    Replies: 5
    Last Post: 05-14-2014, 03:25 AM
  2. Basic Trading System Components
    By churchille in forum Show me the money! [Swing Trading]
    Replies: 15
    Last Post: 05-05-2014, 07:41 AM
  3. Babypips`s so easy it`s rediculous system!
    By blackcotton in forum Newbie Island
    Replies: 16
    Last Post: 03-03-2012, 04:24 PM
  4. AbleSys Trading System
    By Runic in forum Show me the money! [Swing Trading]
    Replies: 1
    Last Post: 06-03-2006, 06:04 AM
  5. Basic Trading System Components
    By geline in forum Forextown
    Replies: 0
    Last Post: 05-26-2006, 01:30 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
"All I ask is the chance to prove that money can't make me happy."
Spike Milligan