Trend Runner

[2plus2]

Poseidonn, same as you. Gone live, though minimum size.
I am still tracking GBP/JPY… 2003 is far away and any pair with JPY is basically a granted trend.
Let me know you progresses.

[ilzalama]

Trade Update ( 1PM PST Candle)

Short AUD/USD @1.01881 Current Stop 0.99408. +247.3 Secured

Long EUR/JPY @131.193. Current Stop 131.509. +31.6 Secured

Short EUR/USD @ 1.29990. Current Stop @ 1.29920 +7.0 Secured

GBP/JPY - NOTHING

Short GBP/USD @ 1.52234. Current Stop @ 1.53333

Long USD/CAD @ 1.01725. Current Stop @ 1.01290

Long USD/CHF @0.96554. Current Stop @ 0.95554

Long USD/JPY @ 102.286. Current Stop @ 101.286

Gold - NOTHING

-ILZ

[ilzalama]

was your euro/usd short closed out? 1.30285 peak on my broker…

hey Flam,

No it was not. price did not hit my SL. My SL was 1.30290. Missed by half a pip… :21:

-ILZ

[ilzalama]

@Poseidonn

Question: what do you do with situations like this (consider that you have no S/R or MA close by)? Do you enter on each signal? Or wait for the price to clear a bit the Supertrend?

the idea is that I have seen in testing that you can get whipsawed 2-3 times in a row like this - taking a short when price closes below the SuperTrend, next candle closes above you exit the trade, then again the same thing repeats itself. It’s kinda frustrating.

Just as a note, the testing was made taking every signal, so even these unpleasant situations described above

In that situation, looks like I would have taken 2 shorts. The 1st one would have ended with a small loss. The second one is still in the air. Lots of small losses come with the territory. You cant just sit on the side line. That is why MM is so important.

-ILZ

[ilzalama]

I agree. But I think the break of resistance + 30 pips buffer needs to be applied always, also for the first crossover. ILZ, am I right? May you confirm?

hey 2p2,

The 30 pip rule that I use is only applied in the following:

1. Price must close AT LEAST 30 PIPS AWAY FROM ANY ESTABLISHED S&R.

2. After entry, when price moves 30 pips in my direction, I move my SL to BE +3.

Thats it. Its easy.

-ILZ

[ilzalama]

What I have noticed is that on the first crossover, there is usually no S/R level close by, but if it is, the rule still applies.

You got it!!

-ILZ

[ilzalama]

@rexleon

Hi… Ilzalama

• Whether any open orders should you wait for the candle close?
• If I open sell orders (already missed 6 candles after price break SMA200), Basic consideration is the price already break S/R Line. Is it too late?

And How about this position

• Should I wait until candle close or what else?

I am so looking forward to your answer.
Thanks in advance

Hey rex,

I myself wait for candle to close to enter the trade. Sometimes if I am around my computer & price has move 30 pips in my favor, I will move to +3 to secure my trade. Otherwise I wait for candle close.

-ILZ

[ilzalama]

@snip84

Today I’ve opened this trade:

Do you agree? Details are:

AUD/USD

• Open @0.99120
• Close @0.99060

Bye

Hey snip,

That is a correct entry.

-ILZ

[ilzalama]

I have currently 7 open trades and all of them are already secured with some profit.
AUDUSD short, EURJPY long, EURUSD short, GBPUSD short, NZDUSD short, USDCHF long, USDJPY, long

As you may have noticed, I have added the last major pair that was not in ILZ bucket and I have taken out GBPJPY. From the tests that I have made, this pair had the lowest results, even negative, mainly due to high volatility. I did not feel too comfortable trading it and anyhow, 8 pairs with NZDUSD it’s a loooot to trade.

As I said, I currently have 7 open trades (on live, that is) and managing them according to the system rules it’s no walk in the park, but I love it

I guess my craziness is rubbing off. :30:Good for you Pose.

Keep up the good work, and please secure as soon as you can…

-ILZ

[ilzalama]

I am still in demo, but plan to go live next week with this. I have 4 open trades, with 3 in profit and 1 just slightly against me. I missed a few at the midnight and 4AM candles though. I couldn’t drag myself out of bed for them. haha They would have been in profit though had I not missed them. ILZ has a great system here. Very thankful that he shared it and that I saw it at the right time (early in my forex “career”).

That is how I feel about the 9 AM candle. So hard to get up… wish I did today, I would have been in way more profit.

-ILZ

[ilzalama]

Trade Update ( 5PM PST Candle)

Short AUD/USD @1.01881 Current Stop 0.99408. +247.3 Secured

Long EUR/JPY @131.193. Current Stop 131.509. +31.6 Secured

Short EUR/USD @ 1.29990. Current Stop @ 1.29900 +9.0 Secured

GBP/JPY - NOTHING

Short GBP/USD @ 1.52234. Current Stop @ 1.53333

Long USD/CAD @ 1.01725. Current Stop @ 1.01290

Long USD/CHF @0.96554. Current Stop @ 0.95554

Long USD/JPY @ 102.286. Current Stop @ 101.286

Gold - NOTHING

-ILZ

[cheva282]

Hi ILZ I want to thank you for sharing such a good like strategy!

I would like to know if you might be interested on automatize this strategy!

I mean automatize it with the EXACTLY rules you shared here, making it work exactly as if you were looking at your dysplay all day long, By doing this you will also dont worry about that candle you you cannot get nowadays…

this will also give you some time to have a life and a walk at the park

If you are interested please PM me so I can start working on this programming…

Best Regards

Esteban

[ilzalama]

Trade Update ( 9PM PST Candle)

Short AUD/USD @1.01881 Current Stop 0.99188. +269.3 Secured

Long EUR/JPY @131.193. Current Stop 131.509. +31.6 Secured

Short EUR/USD @ 1.29990. Current Stop @ 1.29440 +55.0 Secured

GBP/JPY - NOTHING

Short GBP/USD @ 1.52234. Current Stop @ 1.52804

Long USD/CAD @ 1.01725. Current Stop @ 1.01290

Long USD/CHF @0.96554. Current Stop @ 0.95920

Long USD/JPY @ 102.286. Current Stop @ 101.286

Gold - NOTHING

-ILZ

[ilzalama]

Hi ILZ I want to thank you for sharing such a good like strategy!

I would like to know if you might be interested on automatize this strategy!

I mean automatize it with the EXACTLY rules you shared here, making it work exactly as if you were looking at your dysplay all day long, By doing this you will also dont worry about that candle you you cannot get nowadays…

this will also give you some time to have a life and a walk at the park

If you are interested please PM me so I can start working on this programming…

Best Regards

Esteban

hello Esteban,

As I stated in my 1st post, I am not interested in an EA. This method takes the human touch. I trade the 4 hour candle. I get plenty of time between trades.

Thanks anyway.

-ILZ

[cheva282]

Ok Ilza! no problem I was saying because its difficult for me the emotional part!! seems like you got this undercontrol!!

BTW I was doing some calcs about potential monthly profits:

based on an averege of 500 pip monthly, and taking into consideration that you set SL to 2% of total acc wich are 100pip, I can mathematically deduct that your system makes about 10% monthly ( 2% per each 100pips)

I am correct?

[Poseidonn]

I guess my craziness is rubbing off. :30:Good for you Pose.

Keep up the good work, and please secure as soon as you can…

-ILZ

I guess I forgot to mention that all 7 trades are secured
In the meantime I have opened the eighth one on USDCAD, not secured yet.

[loganperillo]

Where did you download your super trend indicator? I’ve seen many online but all have green and red. I haven’t seen one with blue and red. Also, are you using MT4?

[Poseidonn]

@Poseidon

Your trade on AUD/USD is still open? If yes, can you explain me your S/L and T/P settings? Thanks!!

Now I have a second trade open on USD/JPY @102.400 at the moment -15pips.

Hi Snip,

Yes, the trade is still open. My entry price is 0.99455 and my current SL 0.99385 - Price has moved about 70 pips in my favor. Again, the entry and SL will probably not make much sense to you, if you do not use the same broker as me, Pepperstone, that is.

[Poseidonn]

Poseidonn, same as you. Gone live, though minimum size.
I am still tracking GBP/JPY… 2003 is far away and any pair with JPY is basically a granted trend.
Let me know you progresses.

I agree that the market conditions are constantly changing. However, my guess (educated :D) is that performance of this system is affected by the volatility of each pair. All other pairs have had average ATRs of below 60 pips (62 in case of EURJPY), while GBPJPY is somewhere above 80. This was the case in 2003 and it is still the case now.

This was my reasoning for dropping the pair. I was actually considering dropping EURJPY also and stick only to the majors, but seeing that the ATR is somewhat lower, I’ll keep it for now and monitor closely the results. Based on this, I will decide later on if I still keep it or not.

[ilzalama]

Ok Ilza! no problem I was saying because its difficult for me the emotional part!! seems like you got this undercontrol!!

BTW I was doing some calcs about potential monthly profits:

based on an averege of 500 pip monthly, and taking into consideration that you set SL to 2% of total acc wich are 100pip, I can mathematically deduct that your system makes about 10% monthly ( 2% per each 100pips)

I am correct?

Hey Esteban,

I do not have an issue with you trying to make one based on what is already written, but I would prefer if it was not discussed on the thread.

Those numbers are correct but some months are better/worse than others. if you average it out, then yes.

-ILZ