MY SYSTEM by GASANVILL

Beginner Questions
203

Thanks Gas! Been a while, but still appreciate your efforts and work into your system.

I’ll defintely share it with some of my trading buddies and see any suggestions we can put forth to you… :smiley:

204

hEY bOBMANIAC
Im glad you find it useful.

The reason why my long entries activate when price is on the top of the band (and short entries when price is in the bottom)) is beacause I like to see confirmation that a trend has begun. This system catches early trends, that is why is very powerful when combined with 2 lot strategy. You can increase your w/l ratio without hurting your r/r ratio.

happy trading!

206

Hi Gasanville,

I am looking at your new PDF file and am not sure if I completely understand your TP rule. Can you give a bit more details about this and maybe even some more examples? Would be highly appreciated! :slight_smile:

Also not clear what exactly this means:
Definition of retracement: When price goes in the opposite direction of your trade for a week [B]or close[/B].

Cheers,
Sascha

207

Hey Sascha
sure , I will look for more examples. And also I will post more details about retracements, as soon as I have time.

Happy trading!

208

Hey Gas! If i recall correctly, you used to place an entry when price closes beyond the 20ma? So now i assume you have tweaked your settings? thanks.

209

Just using the 20 SMA does not form the sufficient basis for placing an Entry which must also be confirmed by any other trusted indicator like MACD.

210

That is correct, I have made some demo testing, and have improved the entry trigger by incorporating as a filter the last swing high or low, that usually is the last week high or low (not necessarily).

happy trading

211

you can use whatever method you want to enter. From 100% I give an importance of 1% to entry. The rest 99% is exit point and money management.

212

Hey Sascha, here is the answer I promised!

Here is an example with more details:

example.jpg700×525 48.9 KB

  1. Enter the 1st lot
  2. Enter the 2nd lot and move the SL of the 1st lot to BE.
  3. After a couple of weeks you will notice that a retracement will begin, so you prepare to close the 1st lot. A retracement is a period of time that usually last one week, when price moves in the opposite direction creating a mini trend in the 4h chart. When the retracement is over you close the 1st lot and move the SL of the 2nd lot to BE.
  4. As a reference, the target profit of the 1st lot is usually two times your initial SL, so you can use that as a guide, but remember is not about trading like a robot, you have to understand why you are taking the profit.
  5. You have to be mentally prepared for the retracements, because you will see your profits going down, but it is a necessary step in order to maximize your profits. This is a system that catches early trends so if you have the guts to hold on, most of your trades will have a high r/r ratio.
213

hey Gasanvill, good to see you back after a long time…

if you remember do you still have the information you had for me?

thanks man

ps: if you have results of you previous months to inspire, then that will be good also!

214

Hi Gas,

Thanks for the explanations. I am still not clear about retracements, though.
You mention that a retracement is when price moves in the opposite direction. So looking at your chart, I can understand the point where you say “Retracement starts”, as price is starting to go into opposite direction. However, your “End of retracement” arrow is actually higher than your “Retracement starts” arrow. Meaning, there was a retracement where price started to move against the trade, and then another retracement, where the price is going up again. Based on your explanations, I would have expected to close the trade after the first retracement ends. Or maybe I do not fully understand what a retracement is? :slight_smile:

Cheers,
Sascha

215

Hi Gas

After some time back again. Happy to see things have developed. I downloaded your PDF which was superb. I will start trading again with your system.

Happy Trading
Surin

216

Gas -

I’m giving your system a good workout…month#3 now…very promising results so far…

217

Im glad you like it!

Feel free to ask any questions

218

A retracement is defined by a movement of price against your trade, usually in 4h charts it last 1 week. You close the trade after the retracement is over, and price has returned to the trend. Just as simple as that.

You can use whatever method you like to exit the trades. Im still working on developing the best method for this system. Next month I will update my pdf with the best method of exit.

219

Last version of my pdf, enjoy it!

Gas.pdf (61.6 KB)

220

Hi Gas,

Thanks for the new PDF. Seems as retracements are not used for exits anymore, so that makes it much easier for me… :slight_smile: One question I have regarding risk per trade. How do you handle situations where the setup for an entry is given for more than one currency pair? Are you risking 2% for each trade or are you risking 2% for the total of all trades?

Unfortunately, I have a day job and no access to my trading platform while at work, so this strategy is going to be difficult for me to trade.

Cheers,
Sascha

221

Hi Gas,

Don´t you use FIBONACCI and STOCHASTIC in this strategy? Did you stop to use this strategy: … 32698-my-sistem-stochastic-fibonacci.html ??

Best regards,

Joel

222

Hi Gas,
Thanks for sharing your system.
I notice some time you get an other signal on different pair while you are already in a trade. how you manage that situation?

If I risked 2% in one trade and other set up formed and I enter that way my risk will be 4%?

If 3rd set up formed on 3rd pair and I enter my risk will be 6%?

Regards,