Trend Runner

This trade close for me at @1.51070 with 46 pips in profit. :slight_smile:

The indicator is Clock_v1_2, I think you can find easily with Google :slight_smile:

Bye

Just took the following usd jpy (BUY) trade @ 102.997.
I think it will be nice to include a portion of the screen (current and last couple of candles) when anyone is posting a trade that they took. This will help everyone to learn and point out if the person made any mistakes. Just my 2 cents.

Bad new about home sales, make USD weakeningā€¦ Hope the effect not too muchā€¦

was stopped out at break even, + some pips on GBPUSD and USDCAD. Now I see price is back again. What a huge retrace. I should have moved both stoplosses to cover in more profit before news release. :slight_smile: Thats my lesson for today. Watch the news because volatility can rise very high.

Stick to the original strategy unless ILZ updates it. Also read Robopips analysis of the Trend Runner System Here .

Itā€™s human nature to want to take something that works and attempt to make it even better (as you are seeing by the posts on here). I suggest sticking to the original rules for your $$ trades and play around with different variations using micro lots or better yet on a demo account.

I also wanted to comment on what ILZ said about dont complicate it. I have been practicing a few different systems trying to figure out what kind of system/type of trader I want to use/be.

Using only the basic entry methods he states in the first post, I am up 60 pips (unsecured) right now. It really was just that easy. I will continue to monitor the trades and move SL as needed. Thank you ILZ for sharing this and everyone else helping out in the thread

My usdjpy is doing nicely
Took the following at 1 p.m. (EST) May 22
aud usd (Sell) @ .9699
eur usd (sell) @ 1.2869
gbp usd (sell) @ 1.5052
usd cad (buy) @ 1.0362
usd chf (buy) @ .9807

Let me know if I made any mistakes. Appreciate your comments.


1 Like

I would be careful with the EUR/USD entry. You entered right above a previous SR zone as shown by the fractals @1.2840

Hi does somebody know wich pair Robopip used for his anaylisis?

I mean he did the analysis for just one pair or the result is for the total pairs ILZ uses?

I think that information is crucial to knowā€¦

It says in the original blog post.

Time frame and pair: EUR/USD 4-hour

Backtesting period: January 2010 to April 2013 (~3 years)

[QUOTE=ā€œcheva282;492960ā€]Hi does somebody know wich pair Robopip used for his anaylisis?

I mean he did the analysis for just one pair or the result is for the total pairs ILZ uses?

I think that information is crucial to knowā€¦[/QUOTE]

I think it was a 40 month non-ranging pair :wink:

Took aud usd sell @ 0.9653 May 229 p.m. EST

I would like to know your comments on my the usd chf (screenshot below). When I took the trade earlier, there was no resistance and now at 9 p.m. EST, I see it painted a resistance line. Since the pip difference is less than 30, I closed the trade with +7 pips. Should I have done this or waited?


But just release a news abous AUD. hope that not a bad newsā€¦

USD CHF, resistance line is vanished, and the price still go up, and upā€¦

Since yesterday iā€™m live with this system, trying out microlots, and so far so good. Thanks to Ilza! :35:

Just one question for now: do you check other timeframes as well or do you just focus on the H4? I find it comforting to base my exit strategy on the S/R levels on the H30 or H1, but even conformation for your entry can be found in other TFā€™s, how do yā€™all do that?

Its in high priority in most searching term of forex and finally i got this post which simply understandable and explorable.thanks!!!

Hi guys,

I downloaded the zip file with the template and 3 indicators but am having some issues with them. For the Super Trend indicator, Iā€™m getting lime green and red instead of blue and red. I opened the mq4 files using MetaEditor and it seems they were coded as lime and red.

Also, my Signal Bars v3 indicator gives me continuous lines instead of the discrete bars under each time frame that I see in the screenshots posted here.

Can I check if anyone else is having the same problem? Or has the zip file been updated to another version?

Appreciate the help guys!

If you use MetaTrader 4, you go in the left-upper corner to ā€˜Chartsā€™-ā€˜Indicators-listā€™, you get a list of all the indicators that are active in your chart. Here you can highlight one and click ā€˜Editā€™ where you can change settings. There you go to the tab ā€˜Colorsā€™ and you can change the color or line settings.

Itā€™s looks to me like you were late to the party on AUDUSD. On my chart (FINFX) shows price closing .9684 (05/22 12:00 GMT) below .9751 support. Resistance was .9826 (>30 pips). I didnā€™t take the trade because Iā€™m backtesting different ways to manage the SL. But the trade would have been stopped out for at +8 pips becuase of the retracement during the last 4 hours.

Randy, you are slightly confused on the ā€œ30 pip ruleā€. It has been confused a few times throughout the thread. When you say, ā€œResistance was .9826 (>30 pips)ā€, it is completely irrelevant when looking to go short. I believe ILZ does a great job of clearing this up in his edits of the first post.

Maybe this is another way of stating it that will be clear: The price must close such that there is at least 30 pips ahead of your future position before a support/resistance depending on whether the position will be short or long. This gives your position room to move 30 pips and give you a chance to move your stop loss to BE+3 at a minimum. If you are entering a position with no room, if it doesnā€™t break through the S/R, it will retract and the position could very well end up going against you.

For a long position:
Bull candle must close at least 30 pips beneath an established resistance
(or break through all resistance)

For a short position:
Bear candle must close at least 30 pips above an established support
(or break through all support)

You can establish what you think is a good candle to enter after, but Iā€™ve found through back testing that it should have a decent body and a full body breakout is ideal. Use your own judgement and candlestick knowledge to meet your money management needs though.