Thanks! I m currently trying with it… So if the dot is inside BB, we will have to revert to Blizard’s original system to enter trade? Am I right?
If the dot is inside the bollinger bands, then no trade.
The original strategy can be used with this. Two seperate entries.
Sandybeach,
I have been away from trading for a awhile. I just worked a trade with your BB’s and it was a winner. Thanks! I’m going to study you threads carefully this weekend. Looks very promising!
Greg Jones
Hi Greg, glad you had success with it, to be fair, i can’t take credit for this addition. This is purely Blizard’s find, not mine, i just helped confirm a few things, but the strategy is his through and through for credits worth
Yes please re-read the last few pages from where you last had a read. This find of Blizard’s is very powerful.
I do believe this will be a nice addition to how we are trading at the moment (so we can capture more trades) and the two strategies can hedge each other, so if one loses the other wins
But i think if at the end of next week we have most people ending with success then we can say safely Blizard’s new strategy is nice and safe and worth adding !!
The only issue i can see is with the market this week being quite strange it may make testing this a little more difficult than normal but it would be nice to hear back from everyone regarding success and failure
Ok guys remember i posted that indicator for the daily trend loads of pages ago?
One of the guys on babypips “zechatdoc” very kindly edited it for me. In the zip is “ZCOMFX_daily_trend_2.mq4” which is the original file, and “ZCOMFX_daily_trend_2-B.mq4” is the edited one. The edited one, has no configurable options, drop it on a chart and it will only show the daily trend for that daily pair it is on !
Green arrow up = buy
red arrow down = sell
blue sideways arrow = ranging
The original indicator allows you to set 6 pairs so you can monitor the daily trend for all 6.
Very useful if you create a template of your strategy and your applying it to different pairs
Enjoy. PS This is what i use on every chart so i know the main direction, very useful and quite accurate
Remember this is a daily trend indicator, DO NOT USE IT TO SOLEY BASE ENTERING OR EXITING TRADES ON IT !!
indicators.zip (25.9 KB)
Hi Sandybeach, your input and observations are just as important my friend. You take the time to respond to the members here and we all appreciate it very much.
On that positive note, i think we may have found a better solution to weed out the fake bottoms. Instead of using the OSMA color change, if we wait for the Parabolic SAR swich over, we get much better entries. Ill attache an image to explain.
let me know what you think as your input is very important SandyBeach
The Parabolic SAR, Eliminated all fakouts, OSMA not so much! I think this will help us identify the TRUE tops and Bottoms.
thanks
By using the SAR, we also eliminate the entries that are not strong enough. If the price cannot break the SAR, its not worth entering. Here are examples from today.
OSAM gets us into the trade much earlier however, so its a trade off.
Hey no worries Blizard, if it was not for your strategy i would not be very close to live trading.
In a separate note the horizontal trading lines definitely work well !! more trades and safer trades 
Right back to your screenshot, i think the Parabolic does work. Take a look at my chart below:
My Parabolic SAR settings are: Step: 0.01 / Maximum: 0.2
I believe your using the same as what i noted above (correct me if im wrong) ?
Now from what i see this does confirm what you have above and i agree if the SAR is saying BUY, do not enter a trade. But also what is interesting is take a look at the blue box i have highlighted, normally the bottom dot should be showing us red in the OsMA, but we get green.
Now go to the top where the red arrow is, and if we follow that sell downwards it would be valid.
Its interesting as the SAR is saying what the OsMA appears to be saying that we are a buy buy !
I would suggest a change in the rules to something like this:
[B]If Buying:
- Dot appears outside of Bollinger Bands and has closed !
- Once two dark red bars appear within 3 bars on the OsMA indicator. Enter on opening of second dark red bar. If not do not trade, let it pass regardless.
- If price brakes trend line (as per Blizard’s original strategy) do not enter a trade against it, wait for the next opposite dot before looking to enter next trade. Let it pass by.
(This rule above is a very conservative rule, but should help to weed out fakes)
[/B]4. Enter trade on close of second dark red bar.[B]
Reverse for a sell.[/B]
Now i do notice most good trades seem to happen we the two dark red bars (for a buy trade) appears within 3 of the dot. Perhaps we could weed out the trades by.
Also whats interesting is where these two fake trades happened if we are using your first strategy the price would of broken the trend line and we would of bought.
I think if on top of the above three new rules for entry, if the price breaks a trend line, don’t enter a trade against that trend line.
We know the trend line system works, so in this case we would of ignored the sell signal. I think this needs to be a rule of thumb.
Im not doubting the use of SAR, the only issue i find is it lags a bit, so if we wait to enter or the start of a SAR we loose a chunk of the trend which means were back to square one.
Just so everyone knows a bit more about me and my theories. My logic is we should aim for as near to 100% successful trades as we can, if that means we miss some big trades so be it. If we end the day in profit of +20 pips my goal is done.
What do you guys think of the above?
If we used the above rules then the fake trades would not of happened and by me looking back on todays and the last few charts this would of helped stop fake outs.
Also most fakes appear to happen at night or when the market is quietest like this afternoon or evenning (PS its 18.20 GMT) in London.
Great observations as usual Sandybeach. One more addition, I think I understated the importance of Pivots. Here is a break out that occurred but with a pivot in its way. Not a good entry:58:
Hey no worries Blizard i enjoy replying to members and helping them. You and many other hear have answered my queries and i know i have asked lots and lots !!
The way i see things is “Take and Give” which is the mentality of the BabyPips community, everyone helps each other out and i would like to hope any one new will help to return the favour when the can
I guess i have become more active now as compared to before as im starting to understand forex trading much better and by the multiple threads and Stockneon’s EA it has me understand your original strategy and the many other items in forex like the HH, LL, Bollinger bands, swing ZZ etc etc.
If anyone has questions just post them here in the open and i’ll answer if i can I’ll only answer if i can provide a good answer and not something im not certain about, i’ll just double check with Blizard if im not sure Or someone here can correct me, im still learning
Right back to SAR’s lol we (Blizard) must have been typing at the same time hence why i missed your SAR posts. I see what you mean now.
I would be interested to see how both our ideas work going forward next week, but i think they can both work, im thinking something like "if we want to sell and we get the Buy SAR, if the OsMA is quite strong we might want to wait.
I still think the key is movement in the market. From my observations the best time for this new strategy is between 0900 - 1700 UK time.
Now i am a little more conservative and prefer just 0900 and 1600 for trading, just as were dealing with only price movement here, an hour after the market has opened everything should be nice and liquid, the daily trend started etc, and by ending at 1600, im ending before the market goes slow and we get fake trades like the one above.
I will be interested in seeing if all of next week when the fake trades occur and what time. If my theory holds true then the least fake trades should occur during the crossover of London and New York Markets.
Im not counting friday in this, as from todays results it seems a bit mixed but were see what happens next week.
Thanks, fascinating. Perhaps we should try and calculate the Pivot range. For example if a pivot is within XX pips of the trend line, then do not let a trade enter, wait for next dot.
If we can calculate a rough distance, say something like:
0 - 5 = DANGEROUS
30 + = Safe ?
Maybe this could help us all test which trades we should risk entering and maybe how close we can come to a pivot when we need to close it !
?
Sounds great SandyBeach, enjoy your weekend!
New modification with the Parabolic SAR. 
I hope, SAR give advice for identify the bad entry. I will test this monday !
Today, i have not good results with system BB + ZZ + Osma : lot of FakeOut.
Thks Blizzard !
(sorry for my bad english…)
Cool thanks Blizard, im still studying charts now lol, i think i’ll be doing some analyse on this on sunday and see if i can pick a pattern out with the SAR’s, OsMA etc.
What i think we should do for monday is between me and you Blizard we both trade our own ideas, you go with SAR’s and i’ll go without and were see how do.
For everyone else i would try either of our idea’s or use a variation of your own, we all post our results and see who’s is best.
This is what im thinking why i want us to do this. Now if mine and Blizard’s thinking is right both our ideas should work. Now if in theory both our ideas do work i would suggest combining them together somehow so we can get the best of both.
This could help eliminate fakeouts but it could limit profit. But let us try and see. Also guys keep a note at what time you have profitable and losing trades and fakeouts !
This will help pinpoint if we should be trading with this 24/7 or just 0900 - 1700.
Naturally i think you could use this strategy to trade the Tokyo or Sydney markets if you had the right pairs maybe like AUDJPY, but that is a discussion for another day.
This could be very powerful if we can perfect it
The Par Sar seems to be a brillant addition to the strategy, great work!
Greg
Hey Franckyz, don’t forget its Friday, in the US most guys will end trading half day which is about 1700 UK time, and alot of traders close positions so they dont stay open at the weekend, plus with London baking in heat traders may have quit at lunch.
So the market would of gone quiet. To be fair almost every strategy i have played around with has never gone well for me on a friday after 1200 UK time.
My logic for this is that on thursday me and Blizard had a great day, lots of trades and pips, no fakeouts.
Now sunday will be a no go for trading, that should give us lots of fake outs.
Now the best days for forex trading are tuesday, wednesday and thursday. Monday should be good, but i am curious to see if tues and weds is better than monday.
But do try with SAR, im not trying to put anyone off using any addition to this system. Guys all use what you think is best and we will discuss this and our findings next week. We have the basics, but just need to nail it.
Have a great weekend guys
what happened to the original simple and naked concept? too many fake outs?
yea i agree. been bleeding thus far.
is the probability of success still 80+percent?
Hi Nigelng welcome, the original strategy yes still is a very high percentage, this new one you have been reading on the last few pages is still an experiment to improve the original, so we can enter more at the top, and exit more at the bottom so we can get more of the trade.
But as you can see there are fakeouts and we need to test this next week going forward so we can all agree upon a definitive set of rules.
At the moment take the new rules with a pinch of salt, their not 100% confirmed but i think by the end of monday we will mostly know what does and does not work.
thanks sandybeach for the swift response.
So currently are u trading on the original strategy or the one with bb?