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12-03-2007, 09:30 PM
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Apologies to Dale and thread participants
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 
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12-04-2007, 06:17 AM
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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
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12-07-2007, 04:12 AM
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what i have discovered from back testing with just PSAR
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.
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12-07-2007, 04:28 AM
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Quote:
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.
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12-07-2007, 08:40 AM
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Quote:
That should prevent a lot of whipsaw.
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12-07-2007, 11:59 AM
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Wow. I'm gone for a little while and the forum turns into a mudslinger's dream. A word of caution: almost everyone who posts on open forums like babypips is an amateur trader and their advice should be taken with a grain of salt. For me, the money I put into forex is risk money (my retirement account is funded and I have savings) that I'm willing to lose, so I'll take a larger position if it looks right. To each his own.
kauaibobby - on the returns you posted, is that the dollar return per month per pair using $100 margin per pair? How did you do the back test? Do the dollar figures you list include the $100 margin - for instance did you lose money on chf/jpy? Can you do the analysis using weekly charts and four hour charts too? I agree with mastergunner99's comment about using some kind of filter. I think PSAR needs a filter b/c it can kill you when the currency ranges (isn't this what happened to the thread founder?) I've used Laguerre indicator on MT4 as a trend indicator with some success, so maybe that will work. Or, you can use a PSAR on a higher timeframe as a filter - if the weekly PSAR is up, the daily PSAR is up, then trade on the 4H when the PSAR is up. It should give you a tighter stoploss and greater return. Any thoughts? I've looked at tons of complicated trading mechanisms, but I keep coming back to this one for its simplicity.
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12-07-2007, 07:37 PM
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thank you for all of your advice
I am still just playing
No real money so far, until i figure this all out. I just have to keep learning and practiciing. Learning from people that have been there and done that. So i should just trade one jpy pair and one gbp pair and so on........... so i dont copy the same sort of trade. I am using more pairs to see what happens in right now, with no real money. I notice that the dot doesn't stay there until the next day candle comes up. Is that true. A few times I would open a trade on the first dot, and then as soon as I open it, the chart says i opened it on the second dot. What is going on here with the dots moving. I have read most all the 100s of messages in this tread and don't quite understand this.
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12-07-2007, 07:46 PM
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dr zuez
no the margin wasn't included in the back testing i did.
I'm new to this so I'm sure I have plenty of mistakes. Since i would enter at the first dot and reverse when the dot goes the other way. But now i find it's not that easy trading on demo, because the dots seem to move around. I open trade on first dot then i look back and it seems like i should have traded the day before on the first dot. But the dot wasn't there a minute ago. don't quite understand that. I just like the simplicity of PSAR. I here so many problems with people getting emotions envolved in trades that i thought PSAR is much easier on weather to buy or sell.
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12-12-2007, 09:17 AM
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Hey Dale and others
I found another indictor I wanted to share with you.. I can figure out how to go long with it but exits and shorts well thats another story. Take a look at it and see what you think. looks like t might help on 1hr and 4 hr more then the daily though.
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