Lindencourt FX System - 5 months without lose

[synergy]

Hahaha! That's correct, I have entered the market too early and got hit ... else the dd will be a very small number.

 

Most of the time, my lot size is at 0.02. SL at 30.

 

You are thinking of entering the market live? I would like to give you a checklist before you do so. I think some other more experienced trader here might want to share their checklist too.

 

1. How long have you trade with this system?

2. What is your result with the system? Are you constantly winning?

3. Ask yourself, do you know the system inside out?

4. Have you established a strategy to trade with this system?

 

Generally, at least a month experience with this system is required, more will be preferred. Do not RUSH to the market live just because someone else is successful with the system. You will have to be the one that having the constant success before you go live. Yes, we have established convenience for the system like rules on screen, indicators, but knowing the system inside out still a must. That will also means you know when to enter, when to exit, and when to cut loses. On top of that, even though this is a winning system, everyone will have a different success rate with it because of the trading style that you have, i.e. Conservative, Risk taker, etc and thus, established a different strategy based on the system, i.e. only entering the market with all the conditions meet between x and y hours of the day.

 

I am a conservative, and you may be a risk taker, but I do recommend you to paper trade at least a month, or two, with constant winning before you go live. Along with a few rules that you set - as long as you meet all the requirements, than only you go live, else continue to paper trade. This will help you to go a longer way and conserve your capital.

 

Share with us your experience and may the green pips be with you.

[patheway]

Yes Synergy those are some excellent points to be made. The only thing that concerns me the most if being able to get out if the market gets into chopping ranges.

 

Is there a certain number of pips you found to work best with this system. I am not talking MM here but pips.

 

Thank you and agree with almost everything you said. Which is doing really good with me lol

Patheway

[synergy]

Somehow I tends to think that for the coming few weeks, the market will be rather slow, as the World Cup is starting today. From past experience with the share market, it is very quiet during World Cup. However, I wasn't in the Forex market during the last World Cup so I can't tell. If you must, I would rather go live after World Cup.

 

My past record shows that I normally close my trade when I am in profit for 10 - 20 pips, but the market normally can make more than 30 pips.

 

I have set myself a target to meet everyday. If I made that much, I will be happy for that day and stop. And without fail, I found that after I closed trade, the movement can still go on for another half the distance. The success is quite high, about 80%.

 

Good luck.

[patheway]

Good tip you never know what the world cup will bring..no Synergy thanks for sharing your TP but I wanted to no where you place your SL or do you not use them.

The reason why I ask this is I found that if you have a system that you have worked with a while and tweaked it andtune it the best you can then the best ystem s one with a exact stop loss because then you can follow the rules exactly and if you have used differnt SL you would know over time what number seems to work best.

 

Now a lot of people do not use a SL when they are in front of the screen they instead make a mental SL well this is not a real SL at all it just flows with your mind.

 

For me it's a lot better that once I have the setup I put the trade in and let it go but thats just me..

good night

Patheway

[synergy]

I did mentioned that I am using a Stop Loss of 30, didn't I?

 

Yeah, sometime I don't place hard SL but mentally I always do. This happens when I am monitoring the trade and just cut losses when I find the market is going against me.

 

Have a peaceful sleep. I am still have a long day before I go to bed ... ;)

[patheway]

Thanks I could have missed it. This system reminds me of the Max Tiger system that I took. I hope this works better though. The problem I had with the Max Tiger was it looked perfect every entry was perfect but when you run live it's very different.

Someone just sent me the Max 10 system not sure if it's the same as I took or something different.

Oh what I wanted to say was I learned the most about scaling in trades from the Max Tiger. I always start out with 2 trades and work the trend from there.

 

Patheway

[huuu]

Thanks I could have missed it. This system reminds me of the Max Tiger system that I took. I hope this works better though. The problem I had with the Max Tiger was it looked perfect every entry was perfect but when you run live it's very different.

Someone just sent me the Max 10 system not sure if it's the same as I took or something different.

Oh what I wanted to say was I learned the most about scaling in trades from the Max Tiger. I always start out with 2 trades and work the trend from there.

 

Patheway

 

yep it reminds me of the max system as well, but here with more definite entry signals. I am thinking of using the alert indicator from here in the max system to check performance.

[hitescape]

Thanks I could have missed it. This system reminds me of the Max Tiger system that I took. I hope this works better though. The problem I had with the Max Tiger was it looked perfect every entry was perfect but when you run live it's very different.

Someone just sent me the Max 10 system not sure if it's the same as I took or something different.

Oh what I wanted to say was I learned the most about scaling in trades from the Max Tiger. I always start out with 2 trades and work the trend from there.

 

Patheway

 

IMHO there in no comparison between Lindencourt and Tiger MAX.

 

The MAX system works fantastic as long as you have the luxury of hindsight. That way you can select the 2 or 3 of the 30 or so indicators to justify why you would take the trade or would not have taken it. The "scaling in" is great as long as you watch your overall risk and continually move your stops. If not, it is a quick way to bust your account. BTW, have you ever seen ANYONE post a copy of their LIVE MAX trades??? Mine were negative pips after over 3 months.

 

Lindencourt at least has a fixed number of indicators and definite rules for entry and exit along with live trade proof.

[hermes]

5 months without loss but could be also 5 months without trade! How often get the price over 100 EMA? Not enough.

Cheers Hermes

[hitescape]

5 months without loss but could be also 5 months without trade! How often get the price over 100 EMA? Not enough.

Cheers Hermes

 

100 EMA? The Lindencourt FX system doesn't even use the 100 EMA. Are you on the correct thread?

 

Also if you are questioning the integrity of synergy then you probably should be doing that directly with him through PMs instead of an open forum.

 

JMHO.

Edited June 14, 2010 by hitescape
clarity

[john225]

5 months without loss but could be also 5 months without trade! How often get the price over 100 EMA? Not enough.

Cheers Hermes

 

Hermes you mean the Daily system.The daily System uses the 100EMA.

[synergy]

5 months without loss but could be also 5 months without trade! How often get the price over 100 EMA? Not enough.

Cheers Hermes

 

Hermes,

 

I don't claim this on my own, but this is a quote from a source that I have mentioned in my earlier post. Please re-read the thread. Anyway FX method don't use 100 MA. My trading results are also within this thread, based on FX method.

 

100 EMA? The Lindencourt FX system doesn't even use the 100 EMA. Are you on the correct thread?

 

Also if you are questioning the integrity of synergy then you probably should be doing that directly with him through PMs instead of an open forum.

 

JMHO.

 

Hitescape,

 

Thank you for the clarity. Don't think John is questioning my integrity, but questioning on the claim, and think he has question on the other method that comes with Lindencourt that currently being discussed in another thread.

 

Hermes you mean the Daily system.The daily System uses the 100EMA.

 

John, Thank you for the clarity.

[hermes]

I know and tested only one Lindencourt system TF D and that one has for sure 100 EMA. This is the one which claims no loss for 5 months! I didn't know how many Linden trees are on market. The thread name does not differentiate two different systems but with the same name. Confusing.

Hermes

Edited June 16, 2010 by hermes

[synergy]

Hermes,

 

There are 3 systems under the name Lindencourt from the same developer.

 

1. Lindencourt FX

2. Lindencourt MX

3. Lindencourt Daily

[DominoFX]

I know and tested only one Lindencourt system TF D and that one has for sure 100 EMA. This is the one which claims no loss for 5 months! I didn't know how many Linden trees are on market. The thread name does not differentiate two different systems but with the same name. Confusing.

Hermes

 

You are wrong.

 

1. In Donna's forum the original claim by Rupertrabbit ('This system has transformed my trading over the past 5 months. Yes, there are some losing trades (as with any system) but my losses are limited and my gains are many. I have not had a losing week since trading with this system.') was written about the intraday Lindencourt system.

 

2. The thread name does differentiate, as it says 'Lindencourt FX' which is the intraday system.

 

3. There is another thread for the Lindencourt Daily system here:

http://indo-investasi.com/showthread.php/6883-The-Lindencourt-DAILY-Forex-System

[cubicrey]

Hi,

 

Some might need the correct LC-pivots indicator for the broker with the Sunday data, here is the indicator and template which has the default setting for GMT+0 broker like ODL and IBFX.

1.lindencourt-template.tpl

http://www.multiupload.com/I7QS1QCVR8

2.SDX-TzPivots_v4.9.mq4

http://www.multiupload.com/P8VD152O3E

 

cheers

[hyperdimension]

I'm reading the manual and the rules don't seem perfectly clear. Here are the rules for a Buy entry:

 

Condition 1: The black line MA (“MA(7)”) needs to have crossed above the blue MA (ie, the “MA(21)”) indicating a change in the trend.

Condition 2: A price candle needs to have crossed and closed above the short-term trend line - red MA (ie, the “MA(84)” line) for a BUY trade. TIP: the closer the cross of the black and blue MAs to the red MA, the stronger the trade is likely to be.

Condition 3: The CCI(5) needs to be on or above the “0” line at the start of a 15M candle (not part way through the 15min time period) for there to be a valid BUY trade.

Condition 4: The RSI Histo (13) indicator must have at least one 15M bar closed above the +10 level line for a valid BUY trade.

 

My understanding of the rules are the following:

At the moment of a 15 minute bar open, open a buy trade if all of the following are true:

1. Black MA > Blue MA

2. Previous candle close > Red MA

3. CCI >= 0

4. RSI Histo >= 10

 

Notice particularly that my interpretation of the first and second conditions are different to the author's written rules. The author used the phrase "needs to have crossed above", which technically means an entry is only valid if a cross has just occurred, not 2 or 3 bars ago. But based on examples in the manual (page 34 bottom chart), the crosses do not necessarily need to have just occurred (on or after the previous candle); it's enough that one is above the other (which means a cross did happen some time ago). This distinction between a "cross" and "greater than" needs to be highlighted.

 

With condition 4, I'm trying to understand the "must have at least one 15M bar closed above the +10 level" part; why does the author need to say "at least one 15M bar"? It would only make sense if you have to look at multiple historical bars (e.g. the last 5 RSI Histo bars), but nowhere is such an action specified. Should the rule simply be "RSI Histo is on or above 10"?

Edited June 16, 2010 by hyperdimension

[outcast]

With condition 4, I'm trying to understand the "must have at least one 15M bar closed above the +10 level" part; why does the author need to say "at least one 15M bar"? It would only make sense if you have to look at multiple historical bars (e.g. the last 5 RSI Histo bars), but nowhere is such an action specified. Should the rule simply be "RSI Histo is on or above 10"?

 

My understanding is that you need to have a candle close first that has brought the RSI either above or below the 10 -10 level. If the candle hasn't closed then there is a chance the RSI could move back into the no trade zone. If the candle has close and all conditions are met then trade

[hyperdimension]

My understanding is that you need to have a candle close first that has brought the RSI either above or below the 10 -10 level. If the candle hasn't closed then there is a chance the RSI could move back into the no trade zone. If the candle has close and all conditions are met then trade

But needing a candle close does not explain the "at least one" part, as it insinuates that you need to look at multiple RSI Histo bars and check that there is at least one that is above 10.

 

I scanned the document and found a possible answer on page 52:

Look at the RSI Histogram indicator. You can see that it helped to ensure that there were no bad trades taken since not one Histo bar closed above the +10 line throughout the day.

Notice the phrase "throughout the day". That suggests we need to look at all RSI Histo bars "throughout the day" to check that at least one of them is on or above 10. However this is the only sentence throughout the entire 89 page document that specifies the period to check at multiple RSI Histo bars.

 

So what exactly is meant by "throughout the day"? It is never explained, but I would assume it is the time period between previous and next 00:00 GMT.

 

Now that the "at least" part is explained, it is in complete contradiction to what he says on Page 22:

To confirm: only enter a trade at the start of the next 15 minute candle once the Histo bar of the current candle has closed on or over the +10 or -10 level.

Instead of saying "at least", he only points to the RSI Histo level of the current candle. Everywhere else, he uses the "at least one bar' phrase when referring to the RSI Histo bar condition.

[jjames]

The rsi histo indicator try to filter ranging markets so wait for the candle close if it is above 10 it is good entry

[noone]

Is it possible to have an ea to full manage this system, including the entry criteria?

[alright]

Is anyone trading this sytem here? If yes what are the results? Thanks

[fx4_ever]

I have been testing this system along with few other stuff and I must say, this is one of the better system. The key is to enter on retracement. If you entered on crossed, you can't put tight SL. So, wait for the signal and enter on pull back with direction of the trend. If you do that, it's almost 95%+ winning with tight stop.

[alright]

Thank you very much for your advice, fx4. It sounds like a good tip. Of course you're speaking about 15 min TF. And how do you decide when the retracement is over and it's time to enter?

[fx4_ever]

Thank you very much for your advice, fx4. It sounds like a good tip. Of course you're speaking about 15 min TF. And how do you decide when the retracement is over and it's time to enter?

 

I wish there's systematic way to trade for sure pips. I am still learning and still missing many trade opportunity. I tried to look for dips/peaks based on black MA and red MA and only to trade in the direction of the trend. Templates has different MA and it works like MTF MA. It's 21 MA x 4. So, if you are using 15 min chart and looking at 21 MA, You can tell by looking at 84 MA on the same chart and tell what 1 hr is doing. From that, you have to develop your trading strategy. If you are using 21 MA and 84 MA on 15 min TF and if both MA is below 336 MA, I consider it is down trend. So, I will only sell if 21 MA touched 84 MA and coming down. Opposite for uptrend.