Anakin:
Hello fellow traders:
I would like to post my trading system-strategy to give something back and to know what you think about it. I must say that all the information came from hours and hours of forum reading right here at baby pips. So here is it:
SET UP
I only trade with EUR/USD, don’t know if it works with other currencies. (It should but have not tried myself)
I work with 2 time frames. 5 minute chart and 30 minute chart.
On 30 minute TF chart I use a very well known strategy from “james” in which i set up standard PARABOLIC SAR and standard MACD. This is to find out the way of the trend. When SAR is bellow candle and MACD have crossed upward the trend is up, and the opposite for downward trending.
On 5 minute chart I use the EMA’s step system, also very well known on this forum.
RULES (Here is when becomes interesting)
If and only if TREND is UP on 30 TF and an a buying entry point of the EMA step is forming, ITS BUYING TIME.
If and only if TREND is DOWN on 30 TF and an a selling entry point of the EMA step is forming, ITS SELLING TIME.
You can download the specifics of the EMA STEP here: www{dot}mediafire{dot}com/emastep
I Scalp, against almost every thing I read on this forum I scalp, no shame in it. I risk as much as 30% of my balance on each trade. Now here is why.
When the conditions of the 2 systems meet (an average of 5 per day) there is a 90% chance of the price moving the way you want, only if there is some crazy news the price will go against the system. It will not go this way for ever but after 3 months of testing 90% of the time it goes at least 15 pips, not much pips; that’s why I scalp.
I trade (or better said), I look for signals between 1:00 am to 3:00 am (GMT -5), this is when London opens. And the second time i look from signals is between 8:00 am to 11:00 (GMT -5), this is when London and New York overlaps. At this times the fluctuation of the price its strong enough for our 15 pips reward. I live on Quito-Ecuador, South America, that’s why estrange schedule.
Scalping its a dangerous strategy. My stop loss its also set to -15 pips, and as soon as the price is +5 pips I move my stop loss to -10 pips and so on, because there is always that 10% of the times when you are waiting for the 15 pips and all goes to hell, SO NEVER NEVER NEVER move your stop loss at a higher point just because you want to stay on the wave, THIS IS SCALPING.
The +15 pips of each trade mostly happens in 4 or 5 of candles (5 minute candles, sometimes just seconds) which is basically the ride between the GREEN BAR at (20) STOCHASTICS to the RED BAR at (80) STOCHASTICS (In any direction). If the +15 pips is taking longer or the line has arrived at one of the mentioned lines on STOCHASTICS, consider taking the +10 or what ever pips you already should have and get off the trade, or move up you stop loss. Remember once again if your scalping there is no fooling around waiting for hundreds of pips.
Well that’s basically it. Let me tell my experience with this system. When I started on my demo account 6 months ago, nearly empty the 50,000 fictitious dollars, first just buying anything, then applying systems as I read them, and so on, then a couple of months ago find out that this modified, tropicalized system was the system that better applied to my personality. When I was confident enough I went to the real money mini-account with 200 bucks. I been working on this system for 5 weeks and I already have 4122, so I truly believe it works, with almost no loss if you constantly upgrade the stop loss.
The bad thing about this system is that for the time your trade is ON, you enter a rollercoster of emotions especially if each pip is 25 dollars or more, and you must monitor the trade constantly (GLUED TO THE SIT). The good thing is that the trades don’t take to much time.
Well let me know what you think, or questions, examples or wahtever.
Thanks, not much luck until now. But I wouldn’t call this luck.
traco1
October 23, 2009, 8:05am
125
THV is the way to go, mixed with the trendman method which is very easy to follow your financial situation will change right away.
hess
October 24, 2009, 2:47pm
127
lol ur a funny guy … the only thing which will change ur financial situation right away is a loan
How is everyone going with Anakins strategy?
i am going to spend the best part of this week ripping the guts out of it and having a go on a demo FxPro account with it.
Anakin:
Well there is nothing wrong with the setup, as you can see price has been with out trend today. Going up and down and practically going sideways on 30 minute chart. I myself lost -15 pips on an earlier trade and -5 pips on another one with very similar scenarios to your pics. After that I decided not go in anymore for today. Losing sucks !!!.
About the other question the “global vars” are global variables which you don’t need to create them, they are created and set by the SAR and MACD indicators on the 30 minute chart. These variables store the way of the trend for STOCH to compare and check if SAR and MACD agree on the trend and to check which way is it. That’s why if you don’t have the other indicators on the 30 min. chart STOCH will never alert you. I am posting a new version of the indicators with some improvement:
The way STOCH was drawn
Took away the alert window thingy (it was getting on my nerves) Now just places a message on the terminal (Ctrl+T, Experts TAB) and [B]plays the alert sound[/B]. No more annoying pop up window.
Placed some text informational messages from MACD, SAR about the trend on terminal as well. Just to check out things.
Verified that the time schedules condition is working out.
Also renamed the STOCH file since I took a whole different approach about how the alerting system works. (just delete the old one and use this one)
Well some times you lose some times you win. :(:(:(:mad:
May the ‘pip’ be with us all
Hi,
i also have tried alot of different ways to install Anakins indicators, but not having any success, it keeps saying “zip file empty” or “file invalid”
has anyone else had this trouble?
Please help, i am very keen to get stuck into this strategy…
dobro
November 30, 2009, 10:43am
130
Taylor427:
Hi,
i also have tried alot of different ways to install Anakins indicators, but not having any success, it keeps saying “zip file empty” or “file invalid”
has anyone else had this trouble?
Please help, i am very keen to get stuck into this strategy…
I had trouble loading GannHiLo from a link on another thread so I went to the Metaquotes home site and downloaded from there with no problems. Maybe you can find your indicators or help there. d.
I converted to Oanda yesterday,
Dobro! how are you going with this system now??
Corby
December 7, 2009, 2:02pm
132
Hi Anakin
Thanks for posting your system, or combination of existing systems, depending on how you want to look at it. I have been trying it out with great success. I like the fact that it is a refinement of the EMA step system (in my opinion). I was struggling with entries whilst switching between time frames which can often show trends going up, down and loop the loop. I started to recognise the fact that you need to choose a higher time frame, observe the trend and move down to a lower time frame for entry in the same direction. Your idea of using the 30min and 5min is a great combination and very safe. You do need to be patient though (working manually) but I find I can get on with other things whilst waiting for the correct combination of indicators.
Thanks,
hess
December 8, 2009, 8:24am
133
Corby:
Hi Anakin
Thanks for posting your system, or combination of existing systems, depending on how you want to look at it. I have been trying it out with great success. I like the fact that it is a refinement of the EMA step system (in my opinion). I was struggling with entries whilst switching between time frames which can often show trends going up, down and loop the loop. I started to recognise the fact that you need to choose a higher time frame, observe the trend and move down to a lower time frame for entry in the same direction. Your idea of using the 30min and 5min is a great combination and very safe. You do need to be patient though (working manually) but I find I can get on with other things whilst waiting for the correct combination of indicators.
Thanks,
no he’s not … he had a couple of losses in a row and found some problem with the system when backtesting.
He’s been practicing THV for a while (atleast when i last spoke to him over a month ago)
Corby
December 8, 2009, 12:22pm
134
Oh, thanks for the info. Do you know what the problem was? It seems to work but you have to be very, very patient for indicators on 2 time frames to match.
Thanks.
