pipburglar Posted February 16, 2011 Report Share Posted February 16, 2011 A lot of people, including myself, have been looking for this one for a loooong time: hxxp://www.fsp0nline-rec0mmends.c0.uk/page.aspx?u=fxfvl&tc=L970L803 A good review can be found here: hxxp://www.systemsf0rtraders.com/f0rex-trading-system-reviews/50242-fx-friday-review-lee-m00re-set-time.html Note: You must change the "x"s to "t"s and the "0"s to "o"s in the above URLs. Without further adieu, pipburglar productions presents F*X*F*R*I*D*A*Y =D> http://www.multiupload.com/01K2658K4R Password = indo-rocks Enjoy! pipburglar 100pips, dk1aussie, zizi101 and 40 others 43 Quote Link to comment Share on other sites More sharing options...
shabz Posted February 16, 2011 Report Share Posted February 16, 2011 Although I would probably not trade this way, there are some valuable lessons in this course. Quote Link to comment Share on other sites More sharing options...
pipburglar Posted February 18, 2011 Author Report Share Posted February 18, 2011 (edited) Although I would probably not trade this way, there are some valuable lessons in this course. I agree 100%. The concept of the weekly candle not being higher than the previous week's (in a downtrend), and lower than the previous week's (in an uptrend) is totally sound. From the review over at Systemf0rtr@ders, it appears that there are far more winners than losers (and a lot of no trades). The problem however is with the risk/reward. As the system is betonmarkets specific, the risk/reward is horrible. They promote a 30% return, but that includes your stake money, so if you risk $100 you get back your $100 plus $30. One loss wipes out more than 3 wins. Does anyone have any thoughts on taking the principle of the weekly candle and applying it to a regular forex strategy where one would receive a better risk/reward ratio? pipburglar Edited February 18, 2011 by pipburglar Quote Link to comment Share on other sites More sharing options...
joeytrader Posted February 20, 2011 Report Share Posted February 20, 2011 (edited) . . . Does anyone have any thoughts on taking the principle of the weekly candle and applying it to a regular forex strategy where one would receive a better risk/reward ratio? pipburglar I have been thinking along in similar line too. But unfortunately I am not smart enough think through a way to really make this work yet. I initially thought of something like this: putting a pending order (for example, a buy order in an expected uptrend) if price ever came within "x pips" or "y %" of the upper/lower boundary of previous week's candle. But the problem with this is two-fold: (1) how to determine the optimal x or y here, and also (2) in strong trend market, price will likely never come near the wrong side of the candle's range, and many of such pending orders will never be filled, and for those orders that are filled, there is a higher likelihood of price keep going the wrong way. In other words, we are now messing with a lower win-loss ratio, even if risk/reward ratio seems better. Just like pipburglar, will be interested to see if anyone can make this work on regular forex trading. Edited February 20, 2011 by joeytrader Quote Link to comment Share on other sites More sharing options...
shabz Posted February 20, 2011 Report Share Posted February 20, 2011 KD's Set & Forget system for daily charts is similar to this method. pipburglar 1 Quote Link to comment Share on other sites More sharing options...
pipburglar Posted February 20, 2011 Author Report Share Posted February 20, 2011 Thanks shabz - is this the correct system that you are referring to? http://indo-investasi.com/showthread.php/7328-(Req)-100-Pips-Daily-Set-ands-Forget-Dittmann Quote Link to comment Share on other sites More sharing options...
shabz Posted February 20, 2011 Report Share Posted February 20, 2011 Yes that is the one, You can make a simple excel sheet of the method to give you daily entries & exits. I did do a simple back test, and in trending markets it does very well. That is the trick really, defining a trending market, perhaps using the weekly candle analysis would help this method. joeytrader 1 Quote Link to comment Share on other sites More sharing options...
jondgls Posted March 18, 2011 Report Share Posted March 18, 2011 (edited) Free FX Friday Indicator Hello Members, It didn't take long for me to get completely sick of entering data into a spreadsheet for this system, so .. I built a free FX Friday custom indicator. The indicator will: Tracks all 12 currency pairs offered by BetOnMarkets for the No Touch trades. Generate a signal on late Friday or early Monday. Keep track of last weeks signal and advise if the signal is "Winning" or "Lost". http://www.nexgen4x.com/images/fxfriday1.jpg The indicator is FREE and available for download here: http://www.nexgen4x.com/fx-friday.html No need to sign up or register for any thing .. just download, install and enjoy! You are welcome to share the indicator, however, I ask that you do not mirror or attach the files anywhere. Instead please provide a link to the download page like the one I've provided above. Happy trading! Regards, JonDgls Edited March 18, 2011 by jondgls butter143, soundfx, C0UNDE and 7 others 10 Quote Link to comment Share on other sites More sharing options...
acaciam39 Posted March 18, 2011 Report Share Posted March 18, 2011 How the rules for entry and close the position using this indicatros ? Quote Link to comment Share on other sites More sharing options...
jondgls Posted March 19, 2011 Report Share Posted March 19, 2011 How the rules for entry and close the position using this indicatros ? Hello acaciam39, All the details regarding the FX Friday Trading system are available for download in Post #1. Once you have read the pdf you will understand how to use the indicator. Regards, JonDgls Quote Link to comment Share on other sites More sharing options...
hermes Posted March 19, 2011 Report Share Posted March 19, 2011 (edited) Guys this is my tweak on 4 Weeks Rule. The name is 1 Week Rule! Who is the plagiarist? I trade it for 3 years with huge success. It is one of the best manual systems with very little engagement. Do exactly that on Friday closed candle and you will be always winner. The only disadvantage is ranging trend, therefore use ADX and RSI to help with the decision. You can add also Candle Time indicator.Don't trade during holiday seasons where the market is ranging. I am making this week with 1WR on EURAUD $293. Money for the expensive fuel. Hermes P.S. The indicator is a help even for me, thanks. Edited March 19, 2011 by hermes Quote Link to comment Share on other sites More sharing options...
stingrayzz Posted March 19, 2011 Report Share Posted March 19, 2011 Hello Members, It didn't take long for me to get completely sick of entering data into a spreadsheet for this system, so .. I built a free FX Friday custom indicator. The indicator will: Tracks all 12 currency pairs offered by BetOnMarkets for the No Touch trades. Generate a signal on late Friday or early Monday. Keep track of last weeks signal and advise if the signal is "Winning" or "Lost". http://www.nexgen4x.com/images/fxfriday1.jpg The indicator is FREE and available for download here: http://www.nexgen4x.com/fx-friday.html No need to sign up or register for any thing .. just download, install and enjoy! You are welcome to share the indicator, however, I ask that you do not mirror or attach the files anywhere. Instead please provide a link to the download page like the one I've provided above. Happy trading! Regards, JonDgls Nice share but why not just let people download the files without making people download an exe file? Will you put the files on the site where they are not in an exe format so people can download them? Cheers Quote Link to comment Share on other sites More sharing options...
musketeer Posted March 19, 2011 Report Share Posted March 19, 2011 Nice share but why not just let people download the files without making people download an exe file? Will you put the files on the site where they are not in an exe format so people can download them? Cheers its juts developers installer... nothing dangerously there leave your kudos and enjoy! :) Quote Link to comment Share on other sites More sharing options...
stingrayzz Posted March 19, 2011 Report Share Posted March 19, 2011 its juts developers installer... nothing dangerously there leave your kudos and enjoy! :) I indicated nice share but I do not download exe files. I am not saying anything is in the exe file but it is a rule that I go by. I will miss out on the very nice share. Cheers Quote Link to comment Share on other sites More sharing options...
musketeer Posted March 19, 2011 Report Share Posted March 19, 2011 I indicated nice share but I do not download exe files. I am not saying anything is in the exe file but it is a rule that I go by. I will miss out on the very nice share. Cheers It is good defend not downloading any executables. But the author wants a little pay of... Just to go and download... If there was not explicitly request of not mirroring I would mirror it under the name: "nexgen4x.com Free FXFriday.rar" but for sure I will not of course... at least I can do in order to show some respect for his effort Thank you JonDgls! Quote Link to comment Share on other sites More sharing options...
musketeer Posted March 19, 2011 Report Share Posted March 19, 2011 i really do not like not-search-able pdfs... so, here is the ocr version of http://www.mediafire.com/?ids649eaojelpcm domonkos, grooter, Danny and 2 others 5 Quote Link to comment Share on other sites More sharing options...
musketeer Posted March 19, 2011 Report Share Posted March 19, 2011 Hello Members, It didn't take long for me to get completely sick of entering data into a spreadsheet for this system, so .. I built a free FX Friday custom indicator. The indicator will: Tracks all 12 currency pairs offered by BetOnMarkets for the No Touch trades. Generate a signal on late Friday or early Monday. Keep track of last weeks signal and advise if the signal is "Winning" or "Lost". The indicator is FREE and available for download here: http://www.nexgen4x.com/fx-friday.html No need to sign up or register for any thing .. just download, install and enjoy! You are welcome to share the indicator, however, I ask that you do not mirror or attach the files anywhere. Instead please provide a link to the download page like the one I've provided above. Happy trading! Regards, JonDgls Hi JonDgls, any chance to get it back-testable? Entering earlier date or pointing in mean of weeks ago...? To may track some performance in the past... Quote Link to comment Share on other sites More sharing options...
jondgls Posted March 19, 2011 Report Share Posted March 19, 2011 (edited) Hi JonDgls, any chance to get it back-testable? Entering earlier date or pointing in mean of weeks ago...? To may track some performance in the past... Hello musketeer, I'd be happy to modify the indicator to allow back testing. You will be able to set the number of weeks back you want to go, and the indicator should give you the signals for that week and whether it won or not. The only historical information you will not be able to access is the winning % return offered by BetOnMarkets for that pair. Give me a few days and I'll have an update for you. I indicated nice share but I do not download exe files. I am not saying anything is in the exe file but it is a rule that I go by. I will miss out on the very nice share. Hello stingrayzz, I understand your concern with executable's. I have no problem offering the source files unpacked as a download option. On the next release I'll provide links to the mq4 and template. Regards, JonDgls Edited March 19, 2011 by jondgls musketeer 1 Quote Link to comment Share on other sites More sharing options...
c0py Posted March 19, 2011 Report Share Posted March 19, 2011 those worried about the exe can do this: 1. install 7zip 2. right click exe file and select 7zip -> extract 3. you will see two files extract (1 mql4 and 1 tpl file) 4. then you just place them in your mt4 folder Freddie 1 Quote Link to comment Share on other sites More sharing options...
trading Posted March 20, 2011 Report Share Posted March 20, 2011 So this just for betonmarkets ? any usefull for trading generally ? Quote Link to comment Share on other sites More sharing options...
grooter Posted March 20, 2011 Report Share Posted March 20, 2011 i really do not like not-search-able pdfs... so, here is the ocr version of hey musk, which OCR software do you use? I would like to do similar with some PDF I have, but could not find a good OCR software for that.. Quote Link to comment Share on other sites More sharing options...
musketeer Posted March 20, 2011 Report Share Posted March 20, 2011 i really do not like not-search-able pdfs... so, here is the ocr version of hey musk, which OCR software do you use? I would like to do similar with some PDF I have, but could not find a good OCR software for that.. abbyy ofcourse :) no alternatives for the time being.... perhaps when google finish their own ocr will be better... grooter 1 Quote Link to comment Share on other sites More sharing options...
Freddie Posted March 21, 2011 Report Share Posted March 21, 2011 those worried about the exe can do this:... then you just place them in your mt4 folder That is great Copy, can I do this with all .exe files? ....all that sort I mean not all .exe Quote Link to comment Share on other sites More sharing options...
grooter Posted March 30, 2011 Report Share Posted March 30, 2011 Guys this is my tweak on 4 Weeks Rule. The name is 1 Week Rule! Who is the plagiarist? I trade it for 3 years with huge success. It is one of the best manual systems with very little engagement. Do exactly that on Friday closed candle and you will be always winner. The only disadvantage is ranging trend, therefore use ADX and RSI to help with the decision. You can add also Candle Time indicator.Don't trade during holiday seasons where the market is ranging. I am making this week with 1WR on EURAUD $293. Money for the expensive fuel. Hermes P.S. The indicator is a help even for me, thanks. How do you trade this without betonmarkets? I don't really get it, since this system just defines "no touch" areas, so how to translate this into normal broker orders? Quote Link to comment Share on other sites More sharing options...
Goshen Posted August 21, 2011 Report Share Posted August 21, 2011 i must confess this forum and all his honorable members i great, thank God i found you guys, i am happy to be a member here. Thanks to you all. Quote Link to comment Share on other sites More sharing options...
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