Parabolic SAR - that's all!

[Ingot54]

Hi Andy

Will try to answer on the thread tomorrow, with limitations of course.

But if you email me at ingot54@gmail.com I am happy to give you the link to the forum where this is set out fairly fully. I notice you do not receive private emails, so this is a good solution.

Meanwhile check back in about 16 hours ... I will have had my snooze by then, and posted a response!

With best wishes

Ingot

[tonymand]

Originally Posted by ChuckNorris

Good luck with your trading. You might wanna check out FX Street. They have some very good webinars that you will enjoy. Then you can see how we pros trade. .

As a matter of fact pros have their own boards not open to the rest of us. Its extremely rare to find any of them inhabiting the open, and therefore by nature, amateur places for obvious reasons

[mastergunner99]

Originally Posted by ChuckNorris

Why go short on say usd/chf is you went short on eur/usd because those two currencies have inverse correlation?

I'm not hedging myself here. You can't create your own scenario, then toss it on me and say that's what I'm doing wrong.

It's funny that you even mention that because currently, I'm actually long usd/chf and short eur/usd. As it stands I'm currently 170+ pips ahead between the two. Looks to me that I'm making the most of that inverse correlation with much thanks to that lagging ineffective PSAR indicator. *rolls eyes*

Your flaw is your limited mindset and failure to effectively communicate.

[n_aftab]

Everybody starts somewhere - pros are not just born.

Ive been following this thread for the last week, and have to say well done to the people that have contributed to it.

[Ingot54]

I wish to offer an apology to the participants in this thread because of my outbursts in response to another member's posts.

The subject matter of my posts had NOTHING to do with this thread topic, and I was in error to entertain what I did.

The development of "Parabolic SAR - That's All" has been a long and ongoing learning experience for all of us, and I wish the purity of the idea to be preserved and developed further.

As some members have emailed me to inquire about position trading, I have decided to start a thread to deal with this, and leave this thread to continue with its theme.

I am not a system seller, nor have I ever attempted to sell information or ideas. I acknowledge wherever possible the source of intellectual property I have been fortunate to come across.

I am NOT a PRO trader - I work shift work for my salary.

But I do teach AND learn on forums, and that is my nature - always will be.

I am currently entering a mentoring programme with another company in order to develop my skills (humble though they be) though I am not at liberty to share the intellectual property of that company, out of respect for the owner of that business.

You have a bit of background now ... once again I apologise for the interruption here. Had I thought about it I would never have disrupted the thread with such a dummy spit.

I am sorry.

Here is a link to the new thread:

INGOT'S RAINBOW ... A Position Trading Strategy

[Bocajunior]

Hello all,

After a quite week with no positions, so many became available at once. last two positions closed have seen a hefty loss but that is part and parcel of the game.

Current profit since system start is at now down at 20.5%.


Open Positions
EUR/PLN Short
EUR/GBP Short
EUR/AUD Short
USD/MXN Short
USD/CHF Long
AUD/JPY Long
GBP/USD Long
EUR/CHF Long
GBP/CHF Long
GBP/JPY Long
USD/JPY Long


Closed Positions
GBP/USD. Closed manually for a loss after Fed rate cut. -50 pips
USD/CAD Short. Stop Loss on reduced time frame for +350 pips
XAG/USD Long. Stop Loss on reduced time frame for +5000 pips
AUD/JPY Long. Stop Loss on reduced time frame for +180 pips
AUD/NZD Short. Stop Loss on reduced time frame for +100 pips
NZD/USD Long. Stop Loss on reduced time frame for +190 pips
XAG/USD Long. Stop Loss on daily PSAR. -5000 pips
NZD/USD Long. Stop Loss on reduced time frame for +50 pips
GBP/USD Long. Stop Loss on reduced time frame for +100
AUD/JPY Long Stop Loss on reduced timeframe for +650
EUR/AUD Short stop loss on reduced timeframe for +600 pips
EUR/JPY Long Stop loss on reduced timeframe for +700 pips
EUR/CHF Long Stopl loss on reduced timeframe for +150 pips
EUR/GBP Short Stop Loss for +50 pips
GBP/CHF Long Stop loss on reduced timeframe for +50 pips
EUR/USD Short Stop loss on PSAR for -100 pips
GBP/CHF Long. Stop Loss for -75 pips
AUD/USD Short. Stop Loss for -120 pips
EUR/AUD Long. Stop Loss for -270 pips
AUD/JPY Short. Stop Loss for -70 pips
NZD/USD Short. Stop Loss for -160 pips
EUR/CHF Short. Stop Loss for -40 pips
CAD/JPY Short. Stop Loss for -20 pips
EUR/SEK Long. Stop loss on reduced timefarme for +950 pips
USD/CNY Short. Stop Loss on reduced timeframe for +350 pips
CAD/JPY Long. Stop Loss for +90 pips
AUD/JPY Long. Stop Loss for -190 pips
EUR/AUD short. Stop Loss for -210 pips
EUR/USD Long. Stop loss on reduced time frame for +220 pips
NZD/USD Long Stop loss for +55 pips
AUD/USD Long. Stop loss for +60 pips
EUR/JPY Long. Stop loss for -220 pips
GBP/JPY Long. Stop Loss for -360 Pips
CHF/JPY Long. stop loss for -125 pips
USD/CHF Short. Stop loss for +260 pips
EUR/CHF Short. Stop loss for +200 pips
USD/NOK Short. Stop loss for -1000 pips
EUR/GBP Long. Stop loss for +100 pips
EUR/AUD Long. Stop loss for +450 pips
GBP/CHF Short. Stop loss for +900 pips
EUR/USD Long. Stop Loss for -220 pips
XAU/USD Long Stop loss for -4300 pips

Regards

[n_aftab]

Just a quick question really, but whats reason are you tracking so many pairs?
Some of them are so strongly correlated its as though your opening the same position several times.

N

[kauaibobby]

i back tested for 1 year from nov. 1 of this year about, on Oanda, Interbank FX and North Finance.

I figured on using $100 margin on each pair.
Figured Avg. pips won per month
then the average $ won per month since pip value varies so much from each pair.
I tried different ways of using indicators, but the best results kept coming up with just using PSAR by it self on Daily only, nothing else at all.
I found going with the trend it didnt win as much.
I figured the spread on silver being at 500 pips was still worth the big profit.
Same with usd-nok with a 50 pip spread was still worth it.
I was in the trade 100% of the time.

The Rating of pairs i cam up with are listed below with the pair and average win per month (in US dollars) with $100 margin used.

xag-usa $ 322
xau-usa 221
cad-jpy 228
aud-jpy 229
usd-nok 191
gbp-jpy 136
gbp-usd 110
nzd-usd 132
usd-cad 119
usd-chf 90
eur-aud 122
aud-nzd 94
aud-usd 73
chf-jpy 51
eur-jpy 108
eur-usd 64
gbp-chf 78
usd-jpy 79


these are the ones i am trading.
I tested other, but the profit didn't seem the risk, because of spread or amount of win per month.

[ChuckNorris]

Originally Posted by n_aftab

Just a quick question really, but whats reason are you tracking so many pairs?
Some of them are so strongly correlated its as though your opening the same position several times.

N

It is plain suicide to trade so many pairs at once. And i agree the aud/usd and eur/usd and gbp/usd correlate. If the dollar weakens then they all go up or if the dollar strengthens then they all go down. The same goes for all the Jpy pairs. So why would you wanna go long on all 3 those pairs at the same time? You only tripple your risk.

I am sure this is a fun system but in my opinion this is a recipe for disaster.

This reminds me of a system i came across a while ago with a dude that said he turned $1000 into $100 000 in a week's time. What he didnt say was that in previous attempts he lost numerous accounts trying to do so. He doesnt even have a trading strategie. All he does is put in one 10 lot on gbp/jpy, then turn the computer off and go to sleep. In the morning he has either made a few grand or lost his whole account.

[mastergunner99]

Originally Posted by kauaibobby

i back tested for 1 year from nov. 1 of this year about, on Oanda, Interbank FX and North Finance.

I figured on using $100 margin on each pair.
Figured Avg. pips won per month
then the average $ won per month since pip value varies so much from each pair.
I tried different ways of using indicators, but the best results kept coming up with just using PSAR by it self on Daily only, nothing else at all.
I found going with the trend it didnt win as much.
I figured the spread on silver being at 500 pips was still worth the big profit.
Same with usd-nok with a 50 pip spread was still worth it.
I was in the trade 100% of the time.

The Rating of pairs i cam up with are listed below with the pair and average win per month (in US dollars) with $100 margin used.

xag-usa $ 322
xau-usa 221
cad-jpy 228
aud-jpy 229
usd-nok 191
gbp-jpy 136
gbp-usd 110
nzd-usd 132
usd-cad 119
usd-chf 90
eur-aud 122
aud-nzd 94
aud-usd 73
chf-jpy 51
eur-jpy 108
eur-usd 64
gbp-chf 78
usd-jpy 79


these are the ones i am trading.
I tested other, but the profit didn't seem the risk, because of spread or amount of win per month.

Add MACD to the mix and go long and short when it crosses in conjunction with PSAR. PSAR also being used as a stop loss.

That should prevent a lot of whipsaw.