THANK YOU Relativity
thats what i have been trying to say this system is working because of the market conditions of price movement it will not always work thats why i trade other strategys
ok
PSAR is 0.02 - 0.2, BBANDS is 20 - 2 apply to close, zz is 2
The reason why I decided to check this thread is because this system is almost similar to part of my system + this one here
Don’t stop working on your trading. This is a good system IMO, just that you will need to pay more attention to when or when not to switch.
Or even better, find a way to read all market types using this system alone. I’ve done it before with reasonable success. Not easy to get there, as one will have to start creating / modifying tools correctly (the next level).
i will certainly have a look at this maybe i may find a better way to take moe tp in picking cherries and apples strategy
Hint : there are going to be moments that you are going to be a lot better off not picking the top and bottom, but ‘following the line’. Find them and the conditions, and you will be a pretty ‘complete’ trader.
Both systems look the same, but with different intentions, different names. HUH? =P
One trades the top and bottom, the other trades the squeeze breakout.
Who is ‘correct’? ROFL!
I am not going to give anymore hints! =>
thank you again
i certainly get what you are saying
Assuming I do not consider the type of ZZ or formula anyone is using, just a very general but important note on ZZs :
Conclusions :
1-Try not to complain about a tool being ‘wrong’, until one has truly studied what is it really all about + its correct usage.
2-It doesn’t mean a leg is printed, it indicates an price extreme and you start to trade against the leg direction, in an attempt to pick the top and bottom. It simply means ‘price has currently moved so much’.
3-ZZs are good at keeping track of price movement, IMO way better than candlesticks, since :
A-its a good way to filter out noise and only focus on 3 majors - top, current movement (!!!) , bottom.
B-it is a good ‘glue’ to join up / link up candlesticks together, to make more sense of what price is really doing. Candlesticks can be too ‘remote’ at times.
4-ALL ZZs repaint, not because it wants to, but because the market moved (!!!) So all the hooha about repainting is really purely rubbish, when the real focus should be the market, and not the indicator. Trade the market, not the indicator.
5-Correct trading of ZZ is really about identifying correctly what the current leg is really trying to tell you what its doing;
Is the current run of price :
A-Going to end and turn / starting to ‘print’ a new leg ?
B-Going to continue / has more room to grow or extent?
One such way is to apply statistical analysis by collecting all possible legs, then using standard deviations + frequency distributions onto its leg vs leg ratios and timings.
Are u suggesting to marry the two system to make a ‘complete’ system.
No. Marrying them is in fact the worse decision.
Hi kaboemm, was this purely mechanical so that it could be implemented in an EA or did you use some kind of analysis on trades?
Thanks for sharing your backtests, I know how boring they are to make 
hey pipsters
its Sunday evening where i’m from and i had a lot going on over the weekend, then i realized that today is my 3rd anniversary with forex and reflecting on how much i learned and how i wished i join babypips since then image how much further in forex knowledge i would have now but everything happens with time.
that’s when i remembered what PAW3000 said and it kept getting to me like a fly in a BBQ how i was making trades without effort i was literally taking it personally so much to the extent that i wish i knew the person and bust his month for insulting me, i was not going to continue my posts because i was in no way going to take insults from people or a certain no body in particular i was just trying to help so to i realized that my ego was taking over everyone knows men have massive egos well all in all my wife brought me to my senses
so in realization of my childish anger and behavior soon dismissed it and gain raw confidence and great ambition to continue to post trade setups and help anyone who seeks it as others did for me as we continue to grow with knowledge and better our babypips community
always remember
trade with discipline when it comes to trading strategy’s follow all rules
never trade with emotion
let haters hate because without them we as individuals will never improve ourselves
[B]and last please remember[/B]
that successful people do what unsuccessful people won’t? that is Successful people take action. Unsuccessful people don’t.When it comes to your goals you make the choice but do so wisely.
hope this lifts up the spirits of some traders around here
regards
What you can do is to improve the way you present your posts + the thinking process for the setups. Improve the structure and never stop ironing out the weak spots; you will need it. Rational rules replace emotion. Especially when meeting a losing streak (minor or major), which will eventually at some point of your trading career if you trade long enough.
Real professional traders don’t complain about the given situation.
They take full personal responsibilities in their trading, which includes discerning for themselves any information that is given to them. Never assume any information given wholesale is ‘correct’; test it. The information may turn out to be ‘wrong’, but it is really the personal responsibility of the trader to determine that.
They seek out opportunities in any given situation. They stay as rational as possible, despite of both success and failure.
‘There is always a way to make money in the market. Find it.’ - Mark Cook
I am saying all this because I’ve use a similar system before, and it does work (to a reasonably good extent). Because of this, it became a stepping stone for me to move onto an even more accurate system.
Relativity
once again you have shone light on an ever pressing topic and yes i will, am and continuously trying to develop my trading skills and i’m currently reading into your post What Really Turned My Trading Around.
thank you for you wisdom
regards
This is my first trade using this method. I am using exness demo as the spreads are quite lowers than other brokers. I am bit reluctant to use pepperstone because it charges commission and I have to trade in swap free and commission free account as per my religion.
Can anyone tell me that is that commision per 100k trading is different from swap or it is same as swap. If this commision thing is different from swap and traders of my religion can trade this.
Anyways, look at this image @ harrialchadd
Commission is different from swap 
right click that bar and you should have an option to show commission
bad results for me last friday :
17 trades : 8 SL, 9 TP
Maybe, Friday is not good for this method ?
Last Friday was NFP… That could have been the reason
Hey franckyz
i didn’t trade friday because of the nfp and other reasons
hey imbest
just emailed you
commission is different from swap
Swap is the overnight interest rate paid or deducted on the open positions by the Forex broker.
commission is the money pay to the broker to manage or oversee the transaction of trading the pairs
please do not feel insulted in anyway and if i am being offensive it is not my intention
maybe you can have an account with swap you may not have to pay or receive interest if you do not hold positions over night. very sorry if i am wrong
congrats on the wins