The IcYcLoUd TrAdInG SySteM

[boss pip]

i just read about you icycloud system (like the name) and i am eager to put it to the test. i was just wondering can u use it for shorter time frames?

[metalhead trader]

Originally Posted by boss pip

i just read about you icycloud system (like the name) and i am eager to put it to the test. i was just wondering can u use it for shorter time frames?

Yes you can, just have to watch it more.

[icycloud]

been bz this few months/...... heres the latest trade of all using my system..

to all asians... Happy chinese New year.!

[Cowaboi]

Originally Posted by pipvader

I've been a lurker for quite a while now, i decided to register....i've been using this system on a 15min chart for 2 weeks in a live account, im now 109% up in 2 weeks. i use it on pretty much any pair with a decent spread. i dont know why it works but it does.... i dont back test mainly because i dont know how. im interested in what results it would have produced in the past.

I basically look for moves of 20-30 pips and move my stop loss to b/e once price moves half way to my profit target.

anyone else had success using this time frame....i use all the default parameters

Interested in your use of the 15min (i like this TF) - what hours do you trade, UK & US session? What money management did you use during this period?...do you use initial stoplosses at all?

[quicksilver03]

Originally Posted by icycloud

been bz this few months/...... heres the latest trade of all using my system..

to all asians... Happy chinese New year.!

Nice trades you have here... How do you manage to catch the entry signals, do you watch the charts all the time or do you have some sort of alert?

Thanks!

[way2muchtalent]

hey icy, i just wanted to know....the gpbusd trade on feb 1st...how come you traded? on my charts it says the dot wasnt outside the bands.....unless my chart is different......im on the 4 hour chart on mt4.....please let me know what company you use to trade as well....thanks

[jomni]

Wow. I just noticed this system today.
For people who are late into the signal, I think you can still catch up. Most of the time, after the PSAR gets hit from a strong move, we see a retracement. You can then get in at a better price and a closer stop loss (PSAR moved closer to price already) compared going in at the first signal. So if you were wrong, you will have a smaller loss compared to the person who got in during the first candle. If you're right, you might end up earning more than the guy that enters in the first candle.

I'm also looking for a nice way to filter out those whipsaws. I was thinking of Daily ADX DMI for strength and direction for the day and only take the signals in the right direction. This will get rid of half of whipsaws in consolidating days. But I fear it may prevent us from going into major trend reversals.

My only problem here is the money management aspect.
Initial stop is large so the position size is greatly reduced.
a mini lot is definitely not applicable unless you have thousands of $ in your account.

[tonymand]

[quote=jomni;38942] So if you were wrong, you will have a smaller loss compared to the person who got in during the first candle. If you're right, you might end up earning more than the guy that enters in the first candle.QUOTE]

Not necessarily, the closer stop will usually mean a bigger lot size so the loss is the same. It might well be the potential gains though are much greater

[pipvader]

Originally Posted by Cowaboi

Interested in your use of the 15min (i like this TF) - what hours do you trade, UK & US session? What money management did you use during this period?...do you use initial stoplosses at all?

i trade from the uk session right on through to the us session. i risked 3% of my account per trade R:R, 2:1

the stoploss depended on the pair but 10pips for slow moving pairs and 20-25 for fast moving ones.

ive stopped using this system. even though it did produce positive results in the forward test. it often produced fake outs and it felt a bit like guess work. good luck though

[ozzy007]

pipvader, you say it was like a guessing game. I notice that sometimes alot of trades meet the criteria. I don't know how many trades you had open at one time but do you think that by just narrowing down to a few trades would help? Right now there might be about 8 trades that fit, so i would think that trading all these at the same time would not benefit. Just trying to see what strategy to use with the smaller charts.