My results for forward-testing thus far are: 6 wins and 2 losses. My net pips for the week were +147. I would do as [B]didilut[/B] has done and place all my pairs and values of each here but lucky me, my mt4 would not open (I’m guessing because of a wonderful virus that I have since removed) so I had to reinstall the platform and I did not right down the practice account info. Regardless, I am going to continue testing it this week (though I have a late start :() and I will be able to post all that come this weekend. Good luck to all and thanks for contributing.
If any of you guys (or gals) have any additional advice or info as to what you implement or what you think could be implemented to better the system please come forth!! I see that I am going to have to give the 4 hour TF a shot and im looking into the COG thing. Also I believe [B]didilut[/B] said that she still had success when one pair was at 0% (or 100%) and the other was in the >90’s region (or <10% region) I’ll have to go back and examine this further to see what the case may be. It might be that it doesnt matter if its upwards of 90 in higher TF’s, im not sure.
Anyways if any of you find something while experimenting that improves the w/l ratio or anything that might be helpful in the least, please dont keep it to yourself!!
Hello everyone.
Be very careful with the center of gravity because it repainted, of course it repeid very very slowly, but it repainted.
For me to reinforce my decision I check the position of the pair in a longer period and the position of the pair from the center of gravity.
Yeah, I know it’s a bit complicated, but I will display graphs in the week.
In terms of results, I developed a clear picture so that everyone can see pairs that I trade with the percentages for each pair.
This week I designed 2 take profit, 1 corresponding period of the ATR 4 hours I use, and another TP with the ATR of the time daily.
I point at the end of the week telling you all this.
Hopefully my bad English is not too hard to decipher.
Regards, Didier.
The Center of Gravity indicator was introduced by John F Ehlers in the May 2002 issue of Technical Analysis of Stocks and Commodities. Based on his worked with adaptive filters, Ehlers described the indicator as a unique new oscillator that it is smoothed and has essentially zero lag. The smoothing enables clear identification of turning points, and the zero lag aspect means action can be taken early in the move.
Hello everyone.
Be very careful with the center of gravity because it repainted, of course it repeid very very slowly, but it repainted.
For me to reinforce my decision I check the position of the pair in a longer period and the position of the pair from the center of gravity.
Yeah, I know it’s a bit complicated, but I will display graphs in the week.
In terms of results, I developed a clear picture so that everyone can see pairs that I trade with the percentages for each pair.
This week I designed 2 take profit, 1 corresponding period of the ATR 4 hours I use, and another TP with the ATR of the time daily.
I point at the end of the week telling you all this.
Hopefully my bad English is not too hard to decipher.
Regards, Didier.
If I didnt no better, I would have assumed english was your first laungage . Thanks for sharing, and implementing a two contract system into this is a grand idea i might add. I dont know why I hadnt thought of that . I look forward to your posts regarding the cog and I’m going to fiddle with your idea of using the home TF’s ATR as take-profit 1 and the next time frame up as TP2.
Thanks for that [B]ReaperKK[/B]. Zero lag they say…hmm interesting. Thanks again for answering most of the questions haha, I think you’ve beaten me to them everytime :D. We should start calling you Quick-draw. Haha well Im sure its safe to say we all appreciate your input.
So a little update, I’ve been doing pretty stellar this week and I’ll give a full report on Friday.
I haven’t been trading the 1h charts much mainly because I’ve been helping my buddy manage his business while he is out of the country but the 4h charts have been bringing some awesome success.
I lurk on this forum 24/7 lol, I never leave. Remember though, it repaints, and repainting indicators can be extremely dangerous so keep that in mind while you trade.
Hello guys, as promised the results of my tests this week, with my comments, and the explanation of my choices.
First, the result is quite explosive with a gain of 522 pips.
On 22/06, I stopped GBP / AUD -81 pips because I felt there was a strong turnaround, and then I was right. I’ll attach a graph with COG on 4hrs and 1 day and see what dictated my decision.
I set up a pair of 3 sellstop because when placing the order the movement was reversed, but I’m back in a good direction, as evidenced by the result, I did well, and I 'I removed these orders without hope.
He remains four pairs that are underway, and I am hopeful of a good result to follow next week …
I have not always been in front of the screen when making a statement of positions, which explains some “holes” in the table.
It is also the time or I have no back order, because I do not feel the trade, and remember that, do not take a position is a position.
Here are the results I’ve had this week, without zeal to the screen, and applying the method, but also by analyzing the direction of the market over longer periods, with the center of gravity.
About the “COG”, are role is to indicate the direction of the market in a particular TF, in any case it does not predict the market.
I’ll try to post some graphs with examples that are clearer than many explanations.
I’m listening to your comments and I’ll try to answer any questions you may remember that my English is very limited.:o
Regards, Didier.
Here are three graphs that show the best possible configuration, the 3 TF are in the same direction.
We must leave on your discretion.
Get used to watch him work the COG, and you will see the good work he does for you.
Regards, Didier.
I tried this trading strategy this week, however, it did not give me good results.
I followed the manual and somewhat of didilut’s methods somewhat closely but no success (I did not use the COG)
My only 3 wins are with parameters: 97% 0% , 0% 83%, 14% 100%.
I did try the percentages the manual recommended AND the <10% and >90% that didilut tried.
Didilut: I looked at your word document of trades and I noticed you are looking at candles from the 7HR?? What broker are you using? I’m using ActivTrades and my 4HR candles ends at 4HR, 8Hr, 12HR, …
I look at the end of the 8th Hour and begin trading as soon as I enter the information into the calculator.
Looking forward to hearing about your strategies and explaining them.
If I understood you correctly the reason the hour changes is at 7 and not 8 is because of EST time change, then we lost an hour on the east coast (assuming you’re on the east coast) the brooker’s clock doesn’t change. So during Daylight Saving Time, my 4hr change at 12pm, 4pm, 8pm etc. When it’s standard EST it’s at 11am, 3pm, 7pm etc.
Hey [B]didilut[/B], thanks for the great graphs and explanations! +500 pips in a week is quite good I’d say .
Its quite unfortunate that as soon as I made this thread my personal life has decided to raise its head and deny me of my trading time thus I am sorry to report yet again that I have not been able to adequately test during the week. Sorry guys, Starting next Wednesday things SHOULD start settling down again and I should be able to get back in the groove of things, its been chaotic. I haven’t been able to post half as much as I planned to.
And welcome to the thread [B]izgonn[/B], sorry to hear that you did not have any success yet. Stick around and we’ll see if something can’t be done about that
[B]Reaperk[/B] just curious, did you get a chance to trade the system at all this past week?
Yes I did trade although not the entire week through, next week I’ll be back to trading fulll time. I roughly made 200 pips this past week though with the system which isn’t bad at all.
Ooo I forgot I had a few questions for you [B]didilut[/B] if you dont mind :D.
1.) In your document that you listed all your trades in, you have a few that have “deleted” next to them, did you realize you made a mistake after you opened the position?
2.) I know you mentioned that its best when COG points the same way on multiple TF’s, so is that the only time you enter your trade? Actually I guess what I’m asking is what are your current entry rules besides the basic ones listed in the strategy I provided?
I think weeding out the losing trades is obviously what a lot of people are having trouble with. It seems so far though that you’ve had pretty good success with this.
Sorry if anything I said above is confusing in any way. Just ask for clarification and I’ll reword it, I’m kind of rushing this post, have to go run an errand
I’ll try to explain a little COG:
The central yellow line represents the average share price over a given period.
The three top and bottom lines show the distance of prices compared to the
Mid central.
The more money away from the center line, the more likely they are, in principle, to return to the center of gravity (yellow line).
Of the 2 graph attached, you can see that the price has come off the channel’s center of gravity, which tends to say that we are in a turnaround area.
In this case, if the table alligator told me to sell, I take no position, because I think the price action may weaken, and not achieve my TP.
This is not, and prices continue to decline slightly, but it does not matter to me.
Indeed I consider that in my trading plan if there is one reason why I should not take a stand, I take no position, and remember not taking a position is a position.
The market never stops, and there will be other opportunities to trade on positions that come into my trading plan.
For the moment I do not use this method to a trader, but I find it very interresting because it is based on the price action, which is the only important thing in trading, so I wish the incorporate into my sauce, because we are all different, and none of us sees neither the market nor the price action in the same way, we do not see the same thing on an identical image.
This is only my opinion and not necessarily yours, and fortunately, because we are all different.
Regards, Didier.
. I look forward to your posts regarding the cog and I’m going to fiddle with your idea of using the home TF’s ATR as take-profit 1 and the next time frame up as TP2.
(I did not use the COG)
.
