Macfibo system

[immvp]

Said, is trading mechanically better than discretionary method using this system? You ever backtested these?

My intraday trading performance haven’t prompt me to change my trading rules as of now thankfully… hence I haven’t changed anything as of now. There is nothing I use/do/trade that this thread readers doesn’t know.

[hisokahunter25]

thanks for this good strategy sufiansaid but does you use it for any other pairs else?

hope to you good luck and good trading

[sufiansaid]

I can’t say Yes or No as it is not as clear-cut. When you are already in-depth with your trading plans/rules (without it being TOO many rules ofcourse)… there is no need for discretionary measures because you already plan a lot of possibilities. But that is only my opinion based on my own trading performances so far. Discretionary is fine but you need knowledge and experience to asses certain situation and act on it (outside your trading parameters)… I strongly strongly reccomend mechanical trading for beginners (what is beginners in my own defintion? Haven’t backtest 500 trades and haven’t traded for more than 2 years…)

[sufiansaid]

@hisokahunter25 Yes I do as I mentioned in one of the pages of the thread but I reccomend EURUSD based on my own ‘success’ with it.

[sufiansaid]

Greetings everyone…

I won’t even dare myself to apologise and try to explain my long absence (since September apparently) just to provoke anger from Macfibo… so I’ll just post away…

I’ll just respond the last 10-15 posts that I think needs responding.

[B]To those who attempted to compare their own backtest results with my backtest reports and found dissimilarities in results[/B]

There could be several things due to this :

a) Misunderstanding towards some of the trading rules, most common rules that are misunderstood are market time and S/R Lines

b) Mistakes from my side

Since I highly doubt that you would misunderstood the system because it is very simple so I though it could be my mistake. So i re-check again my backtest/trade result report and I found out that I accidentally mixed trade results between ver 1.0 and the latest version published. That could be the cause of unexpected weird results of your trade results with mine. For that I apologise. I never claim I was perfect… immune from mistakes… so I hope you guys can accept that from my part.

However… most of the trade results that I published were based on the following trade parameters :

main signals+secondary signals taken during Asian, Asian+London, London, London+US sessions only
S/R Lines are based on previous day’s high and lows only
If 1.618 is blocked by previous day’s high and low, i TP at 127.2
if not, TP at 1.618

I never tried to ‘sell’ my system hence I see no point to hide any mistakes or weaknesses of this system… or even trying my best to prove to you that my system really is “60% winning system” as my trade reports consistently suggest. Correct me I am wrong but not once did I ever boasted in this thread saying I am the best trader and Macfibo is the bomb or holy grail so I hope I am not ever being accused of that in the last 3-4 pages that I don’t even dare check.

So anyway… I did make mistakes in my trading report but allow me to say that I never had an account blowing losing streak in any month since I started trading Macfibo. But it’s not down to Macfibo… it’s down to my strict money management rule… (which ironically… half of that rule already set in my Macfibo exit strategy)

[B]Did I blow my account in September hence my disappearance?[/B]

Even if I did blow my account, why would I be ashamed of it? Because I am the creator of the system? :32: I never said my system is perfect and prone to choppy markets… it’s a trend following MA crossover system after all… hence I developed a way (filter) to minimize those choppiness by a) not taking any signals in US-only session b) if S/R lines blocking TP levels (mostly happen in thin range markets anyway). Is my filterr the best to solve false crossovers? Ofcourse not… what should be your next worry during choppy markets are to manage your losses… don’t even start to wonder when will be your next 2-3 winning run going to be… manage the ‘now’ first.

So did i blow my account? Nope I did not… Did I have a good month in September? Nope… it was not a good month but its not something to lose sleep on. It’s a business after all… you win some month… you lose some month.

[B]Am I returning for good and not to dissapear again for the nth time??[/B]

Honestly guys… when I published the system… I was in a phase where I want to post and blog. My latest dissapearance was due to my passion for ‘blogging and writing’ completely faded away. However… my passion for helping new traders and trading itself never gone. So I am here now and then… I must admit… its very unlikely for me to publish any of my trader reports and backtest results because honestly I rather spend my 10-15 minutes of my time playing with my newborn baby or make trading plans for my EURUSD, GBPJPY, GOLD and some other trading instruements. Peace.

p/s : I would love to update the trade rules (deleting the ones that causes confusion but somehow the admiin blocking my access to remove the pdf at the main page… ???)

Just feel like I need to repost the above statement again as I received quite ‘nasty’ email about me being ‘fraud’… funny… i never asked $$$ for anything and I am a fraud?

[sufiansaid]

[U][B]On S/R Lines[/B][/U]

Disregard everything I’ve said on S/R Lines except the following :

[B]Just use previous days’ high and low as your S/R Line. PERIOD.[/B]
[B]If 1.618 is blocked by these lines, TP at these lines but preferably at 127.2[/B]
[B]If these lines blocked even 127.2, better not trade and have ice-cream instead[/B]

[U][B]Market Session[/B][/U]

Though I make mistakes in my trade reports, but one thing still stands. The different winning probability for each market sessions. I highly recommend trade during London Open only as most wins comes from these session (I challenge you to backtest this and tell me I am wrong) though I endorse trading during Asian Session up until London Close… I will never endorse trading during US-Only Session.

[U][B]Stop Loss[/B][/U]

[B]Just set at 38.2. PERIOD.[/B]

the [B]MOST UPDATED[/B] trading rules for Macfibo!

[hisokahunter25]

thanks for help sufiansaid i will try it

and hope to you good trading

[Rosmo]

Saudara Sofian,

Im in Austria and possibilities is only with Europe and London opens. I personally finds that at London opens the the trading becomes very liquid esp. when the bank open ie half an hour of London opens. Often I will trade after this rush hours. Im quite sad that some people are accusing you of all nasty things. To me I find MACFIBO very reliable and productive.Syabbas. Salam from far away.

[immvp]

Thanks Sufian, every one of your posts is a quality answer to my questions.

I can’t say Yes or No as it is not as clear-cut. When you are already in-depth with your trading plans/rules (without it being TOO many rules ofcourse)… there is no need for discretionary measures because you already plan a lot of possibilities. But that is only my opinion based on my own trading performances so far. Discretionary is fine but you need knowledge and experience to asses certain situation and act on it (outside your trading parameters)… I strongly strongly reccomend mechanical trading for beginners (what is beginners in my own defintion? Haven’t backtest 500 trades and haven’t traded for more than 2 years…)

[sufiansaid]

EURUSD Monday Blues…

It is early Monday and activation was near S/R Line anyway… should be a no-trade anyway

[sufiansaid]

Thanks Sufian, every one of your posts is a quality answer to my questions.

Thank you for the kind words…

[sufiansaid]

My SELL trading plan is if price tests 20sma and bounces down that led to secondary signal activation, TP at Friday’s Low (SR line).

Buy activation has not been ruled out as well.

[immvp]

Great to see you back Sufian, I will post my entry whenever I can.

[immvp]

EuroUsd TP at 30 pips. A good day

[sufiansaid]

Based on your chart, that is a beautiful trade indeed. Don’t you just love it when price reverses even temporarily (5x8 opposite) as soon as it hits 1.618?

[immvp]

I used to trade this system with some of my rules, now I am trying to trade this mechanically. I would’ve only gotten around 15-20 pips with my rules. When you start trusting your system completely and let it do the job, it is so much easier.

[immvp]

Macfibo Main Signal activation. Previous Day’s Low blocking 161.8 hence TP at 121.72

[sufiansaid]

Sell trade hit TP @ 127.2 or S/R Line.

[immvp]

+15 pips for yesterday’s [email protected]. Said is it better to TP at 127.2 or at the S/R for main signal?

@immvp

Macfibo Main Signal activation. Previous Day’s Low blocking 161.8 hence TP at 121.72

[sufiansaid]

Its inconclusive as statistics doesn’t suggest which is better. I personally TP at the S/R line.