Just Let it in… nomrally a different of 5-10 pips is ok… depending on the strength of a trend, it ranges from 3 to even up to 7 days.
One main advise is not to be too late to enter it. One PS dot = 4 hours. 5 ps dot = 20 hours!!! Not so advisable. Preferbly enter on 2nd or 3rd if u miss the starting signal.
Hope that helps.
Best Reg
Chin Liang
Hi Icy,
Btw, how if we dont find the pSAR outside the BB when we on the computer ?
since you already trade this many times. do you know any time range you normally can find our this pSAR outside the BB. Its ok about Singapore times since me in Indonesia.
Thanks,
Monalisa
The purpose of this system is not to sit and wait for the PS dot to appear outside of the BB!!! It will drive u crazy :). Just check your computer once or twice in a day will be enough. =)
i trade the following pairs: Eur/usd gbp/usd aud/usd usd/jpy usd/cad.
I trade on those 5 pairs. There will be 3-5 trades in a week that the PS dot outside of the BB in one of those 5 pairs. Perherps u can try up a chart and looks at the history. It would be better understand for you.
Best Reg
Chin Liang
Thanks a lot …
Will try this several week.
are you closing it? or just pointing it out?
Hi Icy,
I also found good one is EUR/JPY.
Cheers,
Monalisa
I had the same one. It took a while before it came through. But a win is a win anytime. This trade is still giving me profit.
Hi cosgrove, I’m still holdin on to my trade as the opposite side of PS dot have not appear yet!
Best Reg
Chin Liang
Hello to all of you happy traders!
First, thank you Icy for giving us such a good system.
I have been doing some back testing here based on Icy’s system. I studied it a little and tried based on your comments here on this forum to improve it, here is my final product and thoughts:
I think using the ADX with the standard value is a MUST to avoid trading ranges and consecutive whipsaws… So I used in my trading system a standard ADX(14) if it is above 20 I shoot long or short if below 20 i go buy myself a coffee and come back later!
Also as mentionned earlier in this forum, I wait to have 2 PS showing below or above the Bollinger Bands to go ahead with a trade… I think this has been explained earlier ?
-I tried also other more ‘exotic’ setting for the PS (namely 0,01 and 0,01) but not without success so I am sticking to the standard 0,02 and 0,2 setting…
-I also use a RSI(14) as trend confirmation to avoid whipsaw. If i look at going long but RSI < 50 then I go get a coffee and do something else with my day… if RSI > 50 then i will enter long… and vice versa with a short trade…
So I backtested this on MT 4 on a 4 month period: 29 August - 29 December 2007, and here are the result:
Strategy Tester Report
Icy Cloud Trading System
MIG-Demo (Build 211)
Symbole EURUSD (Euro vs US Dollar)
Periode 4 Heures
(H4) 2007.08.29 00:00 - 2007.12.28 20:00 (2007.08.29 - 2007.12.29)
Parametres Lots=1; MinADX=20; MinDiffBetwSARandBAND=0; iSARLow=0.02; iSARHigh=0.2;
Initial Deposit: 5000.00
Total Net Profit: 11049.90
Gross Profit: 13467.40
Gross Loss: -2417.50
1 2007.08.29 16:00 buy 1 1.00 1.3644 0.0000 0.0000
2 2007.08.30 16:00 close 1 1.00 1.3618 0.0000 0.0000 -264.20 4735.80
3 2007.09.05 20:00 buy 2 1.00 1.3669 0.0000 0.0000
4 2007.09.13 12:00 close 2 1.00 1.3900 0.0000 0.0000 2296.00 7031.80
5 2007.09.17 12:00 buy 3 1.00 1.3862 0.0000 0.0000
6 2007.09.18 08:00 close 3 1.00 1.3853 0.0000 0.0000 -91.40 6940.40
7 2007.09.18 16:00 buy 4 1.00 1.3875 0.0000 0.0000
8 2007.09.25 04:00 close 4 1.00 1.4077 0.0000 0.0000 2010.20 8950.60
9 2007.10.08 00:00 buy 5 1.00 1.4150 0.0000 0.0000
10 2007.10.08 20:00 close 5 1.00 1.4038 0.0000 0.0000 -1120.00 7830.60
11 2007.10.16 12:00 sell 6 1.00 1.4166 0.0000 0.0000
12 2007.10.17 16:00 close 6 1.00 1.4217 0.0000 0.0000 -509.10 7321.50
13 2007.10.25 00:00 buy 7 1.00 1.4261 0.0000 0.0000
14 2007.10.29 16:00 close 7 1.00 1.4401 0.0000 0.0000 1397.20 8718.70
15 2007.11.19 04:00 buy 8 1.00 1.4675 0.0000 0.0000
16 2007.11.23 12:00 close 8 1.00 1.4786 0.0000 0.0000 1101.60 9820.30
17 2007.11.23 12:00 sell 9 1.00 1.4787 0.0000 0.0000
18 2007.12.04 12:00 close 9 1.00 1.4679 0.0000 0.0000 1088.10 10908.40
19 2007.12.10 12:00 buy 10 1.00 1.4674 0.0000 0.0000
20 2007.12.12 00:00 close 10 1.00 1.4656 0.0000 0.0000 -182.80 10725.60
21 2007.12.12 00:02 sell 11 1.00 1.4657 0.0000 0.0000
22 2007.12.12 16:00 close 11 1.00 1.4682 0.0000 0.0000 -250.00 10475.60
23 2007.12.13 16:00 sell 12 1.00 1.4652 0.0000 0.0000
24 2007.12.18 16:00 close 12 1.00 1.4422 0.0000 0.0000 2302.70 12778.30
25 2007.12.24 12:01 buy 13 1.00 1.4396 0.0000 0.0000
26 2007.12.28 22:59 close at stop 13 1.00 1.4724 0.0000 0.0000 3271.60 16049.90
In 4 months we more than triple our money, not too bad. Also I have to remember you that backtesting is great but has its own limitations, and trading ‘live’ could show you some very different outcomes…
Thanks Icy!
I love singapore!
See you in Santosa!
Hi Guys,
I have been using this system to some decent effect.
I have noticed a kind of behavioural pattern though.
When the SAR dots cross the central BB line during a strong trend, it seems only two things happen…
The price almost immediately begins to reverse.
The price recieves extra momentum in the current direction and THEN begins to reverse.
What i have noticed is that when a SAR dot FULLY crosses the central BB line, if the candle that SAR dot corresponds to closes with a lower low (if you’re selling) or a higher high (if you’re buying) then its worth staying in the trade for a little while longer…if the candle closes in an opposite way to the direction you are trading, i close the trade.
Was just wondering if anyone else had noticed this?
Well if your observations are correct i think that would be a good place to start protectin profits and moving stop losses!
First of all, i would wish every trader to have a prosperous trading year ahead =) and a happy new year!!!
I have nothing really much to says because i’m not really good with words as usual. I just wanna thanks you all guys for providing extra idea and tips to improvise this system. Thanks! You guys are great!
Recently EUR/USD USD/CAD was a good trade to go, but i dun have the Screenshot… sorry 
Wishing you guys a excellent year ahead.
PS: Its Sentosa not Santosa 
Best Reg
Chin Liang
Im up about 400 pips on the gbp/jpy and over 200 on usd/jpy:)
Could you please post the EA used for tha backtest? Thank you
maurizio77, yes i noticed that on EUR/GBP which i held for about 2 weeks. I had bought it and psar dot was right on the middle of the BB and then we got this long candle and then price started going down and PSAR reversed. What charts are you using? I use MT4 and some other ones. The chart for Oanda only has 3 hr and sometimes their PSAR signals come before MT4. But the only reason i started using Oanda charts has been because of the holidays. Oanda charts have been active more often than MT4 during these holidays. gl
Seems like just about every pasr dot starts outside the bands.
are you using bollinger bands with;
period 20
shift 0
deviation 1
seems like your losing trdaes if not just going with the psar.
any ideas or am i looking at this wrong
kauaibobby, not all PSAR starts outside BB. Some PSAR start inside BB. Even some PSAR that start outside BB will last only a few dots and then reverse depending on which pairs you choose. Some pairs do this more often than others. So you have to have a stop loss to protect yourself. Now at the start of this thread it was stated that some PSAR dots start inside BB and can become good trades. gl
Please I was just wondering if 4 hrs chart is the best to use. Is it okay to use 1 hr chart?
anopueme, imho i think you get more whipsaws when you lower the time frame. But if it works for you then great. I personally would rather look once in a while at the charts instead of every hour. But thats just me. gl
