Jimocean, you are useless to ALL of us here. If you don’t care for a system nobody is forcing you to use it. We don’t care if a system is copied from a different source. We all like the opportunity to look and analyze at different methods so shut up loser.
My 2 cents.
#1 - When an idea is brought to this forum from another forum, give the URL of where it came from.
#2 - If a person tries a system/indicator/EA and doesn’t like it, file it away in your notes. You never know when a piece of the idea will fit in with something else you’re trying.
and my 50 pounds !
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I agree with rob1599, no one is asking anyone to use these trading systems that are contributed here…you use it or bin it…its totally upto the individual
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I also agree with Indigo, if you dont like/want it, file it away…it might become handy another day
Jimocean: honestly if I were you, i would shut my trap and make hay when the sun shines…
happy trading everybody…
regards,
Pret
Hey James, thanks for the system, I got a quick question about exiting trades.
You said if the red lines cross or are touching always to exit and then you said if the blue and yellow cross you should close the position as well.
What should I do if the two red lines have a gap between them and blue and yellow cross? Does one exit signal have more of a priority over the other?
Thanks.
The only thing I request is that the person puts a link to where they found the indicator. This is so people can keep up with any updates to the indicator. Every indicator I have seen on BabyPips that came from another forum has umpteen changes made to it and is discussed at great length. It is very helpful to be able to read all of that information.
Let’s talk about this, as I do not see where I am wrong. I said that if someone posts a system here at BabyPips and it came from somewhere else, they ought to post the URL of where they got it from. If the person who started this thread saw this system at Forex Factory, they should put the link to Forex Factory. How am I wrong? How is this naive?
I think you misunderstood my post.
LOL. Once again moron Jimocean fails to see that nobody but him cares that this system was posted somewhere else.
I believe it is a comon curtisey to give credit. You can tell alot about a person as to how the give credit for there knowledge of things.
However when it comes to a ma system they are all so much alike how far back do you have to go to give credit.
is this baby pips or baby pipers?
wtf is wrong with some of you guys? i mean really…
who the f… cares where it comes from ? ok, james didn’t give credit, whatever. i do not care. i bet your life would have been much better if james had given credit.
why not discuss the system ? does it work for you ? how can you improve it even more ? when best to use it etc etc constructive discussion !
so, as far as i go, i have backtested this system on the 12 currencies from metatrader and it works great.
[B]Rob1599 YOU are a RETARDED boy.
Shame on you.
Totally failure.[/B]
It looks like idiot Jimocean thinks that the large font will stop people from seeing what a clueless ass he is.
Tess you will certainly not need glasses to read the next post in this thread from genius Jim, the font will probably fill the whole screen.
Oh by the way although I don’t trade this method it is a long term winner and probably a good easy method for a beginner to trade without too much stress.
Why reinvent the wheel? If the system came from somewhere else, say where it came from so we can hop directly over there and read the 10, 20, 30 pages of discussion and tweaking already going on. Have something to add to this thread after that? Great! Add it! Discuss it!
So as far as I go, you can forward test it and then come back and let us know how well it works
Jimocean = [U]I am your father[/U]. LoL
[B]Large font is for you my son, i know you are a no life blind dog that face PC 18 hours everday.
Get a new life my DOG son rob1599:cool: [/B]
[B]This is my real son rob1599 photo…
Look clearly below:eek: [/B]
[B]Tess,
You and rob1599 BOTH are just childish hairless kids,
and thats why i need to talk to both of you in a childish manner.
LoL, stupid kidz LoL:D
[/B]
LOL. He is so ridiculously idiotic it is very entertaining.
Hi, All,
I really like the system - thanks for posting it. Right now I’m testing (also with real money) - the entry signals according to the system are really good and at the right moment. However I see the problem with getting out. I did some successful trades by entering at the point where all (5, 12, 18, 28) EMAs are crossing and exit with auto executing the TP of 50 pips, however, at the same time this (50pips) is not the end of the trade, and in most of cases not even close to the end of it. Also, according to the initial system description and looking at the historical trades seems that 5&12 EMAs �cross-again� are not good exit signals and in some trades they just react to some big market moves but then trade continues it�s move another 100 or 200 pips. Also if we exit when 18 and 28 cross again, it�s in most of cases are too late and can bring you back from 50pips profit to 0.
Maybe somebody have some suggestions about better exit points adaptable to this system?
Thanks a lot :rolleyes:
Mike, maybe take a look at some rsi settings to help get you out. Try default rsi 14 crossing 50 or experiment with rsi 5 crossing back around 75 or 25.
I’m really liking the Sidus method as my backtesting across multiple pairs has shown that the entry point accuracy is remarkable. It does suffer a bit from false exit points, although it appears not enough to keep this strategy from being profitable overall. However, I experimented with some other indicators to try and narrow out some of the exits that shouldn’t have been flagged as such just to see what came up. I have found so far that adding a MACD (slow 10, fast 20, length 12) works pretty good as a confirm.
Basically, I found that the MACD experiences a crossover near real exit points almost every time, while having a gap at false exits where the MACD lines appear to be slowly converging rather than turning sharply into one another for a cross. Therefore, when a WMA cross happens indicating an exit point, a quick glance at the MACD can provide a reference to determine whether to let the trade run a couple more candles for better confirmation.
As a bonus, the MACD seems to nearly always be positive for good long entry points and negative for good short entries. Not really necessary as far as I can see since the strategy seems to excel at entry determination, but more verification of a solid trend is always good.
Note that I have not actively tested this hypothesis in real trades, only in backtesting. Just some food for thought as the exit points seem to be the sticking point for this strategy. Yes, the enters almost always come in after the trend is well underway so some pips are lost prior but the trends they indicate always seem solid. Better to have the high level of risk mitigation over the possibility of squeezing out a few more pips. There will always be other trades.