NEW Never Bef0re 5een F0rex 5y5tem - 1OOO+ P1P5 @ M0nth

[torito1]

why do not post the link and everybody is happy

[retireme]

Just an observation FX4_ever, the manual says M15, GBP-JPY only... it goes on to say when drawing the trend channel, do not create triangles, parallel lines only. Whilst I can see that you are using EUR-USD H1 and drawing triangles with your trend channel... I cannot dispute your win ratio based on the screen dump you have provided.

 

Good Luck

RM

[eric07]

Does any one can post your result here? how it going since it silence for a while?

 

 

Thanks

[waterskiguy]

please send info thanks a bunch - prostyle32 @ yahoo dot com

[Roels Major]

Please take look at this thread :

http://indo-investasi.com/showthread.php/7963-Strategy-that-could-become-millionaires

[ravijj]

Thanks

 

Hi. I'm new in this forum. I'm afraid I can't find any link to thank for the post. If will send you a PM anyway. Thanks anyway

 

P.S. - I just found out I cant PM because I need 15 posts first.

 

 

is there any other way as i will not like to post my email here directly as while going through the thread it was adviced not to post your email address directly on the forum

Edited September 10, 2010 by ravijj

[rezajahan]

Hi

 

I couldn't send you PM your box is ful,my email is : [email protected]

 

Thanks

[craven]

Hello Guys 'N Gals!

 

Good news, the system has been posted over a dozen times on this thread already!!

 

If you really, really want it, like... want it really bad... it's gonna cost you some reading time, reading through some of the posts until you find it!!!

 

Here is a helpful suggestion: start at post #1 and work your way down. You should find it shortly!!!!

 

I hope everyone had an enjoyable summer (mine was fabulous!) and I wish everyone a wonderful weekend!!!!!

[david22]

hi craven,

 

left u a pm,

 

david

[craven]

LOL, did ya read the most recent post?

 

hi craven,

 

left u a pm,

 

david

[craven]

PMs are no longer necessary, system has been posted numerous times on this thread.

[jamestan1978]

Craven, anyway you could delete or change the post where you ask people to PM you for the system? in that way people who are lazy to pass that page will not PM you and Jam up your inbox

[retireme]

Variations

 

After much testing of this method, I have the following suggestions and observations. My testing was only over a 2 year period but I used 5 periods back from 2010. e.g. 2008-2009, 2007-2006 etc. During each period, I tested 3 methods of entry as follows:

 

Original:

 

http://img94.imageshack.us/img94/3245/eg1s.gif

 

Variation: (period high and low)

 

http://img408.imageshack.us/img408/2189/eg2.gif

 

And Native: (first two equivalent bars in either direction after 0600)

 

http://img40.imageshack.us/img40/2116/eg3.gif

 

I found that Native entered too early and using the original system sometimes too late. I also found that the 100 pip target was only reasonable if the 6 hour no trade period was ranging. For this reason, I concentrated on pulling just 50 pips per day as a realistic target. The only other change was the trading period, I draw a line at 1400 broker time and if the qualifying bars do not form before 1400, no trading that day. For examples of this, see Friday trading. I do not trade on Friday anyway.

 

So...

 

My rules as they stand:

 

* Horizontal lines at HIGH and LOW of 6 hour no trade period (00:00-06:00 broker time)

* Vertical line at 14:00 broker time (If no bars form before 14:00, no trade)

* Risk to reward ration of at least 1:2 e.g. stoploss 25 - target 50

* Two candles in same direction over the period high or low and enter

* No Friday trading

 

See attached trading of this method: Period starting 1st Sep 2010

 

http://img839.imageshack.us/img839/3162/today100910developingcl.gif

 

I think that covers it, hope this helps someone!

 

Rgds

RM

[craven]

Good work! Thanks for sharing your method and results with everyone.

 

After much testing of this method, I have the following suggestions and observations. My testing was only over a 2 year period but I used 5 periods back from 2010. e.g. 2008-2009, 2007-2006 etc. During each period, I tested 3 methods of entry as follows:

 

Original:

 

http://img94.imageshack.us/img94/3245/eg1s.gif

 

Variation: (period high and low)

 

http://img408.imageshack.us/img408/2189/eg2.gif

 

And Native: (first two equivalent bars in either direction after 0600)

 

http://img40.imageshack.us/img40/2116/eg3.gif

 

I found that Native entered too early and using the original system sometimes too late. I also found that the 100 pip target was only reasonable if the 6 hour no trade period was ranging. For this reason, I concentrated on pulling just 50 pips per day as a realistic target. The only other change was the trading period, I draw a line at 1400 broker time and if the qualifying bars do not form before 1400, no trading that day. For examples of this, see Friday trading. I do not trade on Friday anyway.

 

So...

 

My rules as they stand:

 

* Horizontal lines at HIGH and LOW of 6 hour no trade period (00:00-06:00 broker time)

* Vertical line at 14:00 broker time (If no bars form before 14:00, no trade)

* Risk to reward ration of at least 1:2 e.g. stoploss 25 - target 50

* Two candles in same direction over the period high or low and enter

* No Friday trading

 

See attached trading of this method: Period starting 1st Sep 2010

 

http://img839.imageshack.us/img839/3162/today100910developingcl.gif

 

I think that covers it, hope this helps someone!

 

Rgds

RM

[jamestan1978]

Hi retire me thanks for sharing I understand the trend line period is 00:00 to 6:00 . Just curious why did you draw at 14:00? Also if horizontal line is draw it would be very different from the optimus forex system Edited September 11, 2010 by jamestan1978

[retireme]

Hi retire me thanks for sharing I understand the trend line period is 00:00 to 6:00 . Just curious why did you draw at 14:00?

 

James, at first it was arbitrary.... I just wanted to set an active trading period from 06:00 broker time. I also took into consideration my Local time which is GMT+8 or more correctly broke time is -6 for me. I gotta sleep sometime buddy and more importantly, we still have to live life. So basically 4 days a week, 8 hours a day. A thing to note also is that if you go back, it means that for me, US trading has been opened for 2 hours already, if that market hasn't had an impact on the price by then... it is gonna be a slow day anyway.

 

Remember, these are only my musings and are not cast in stone.

 

Rgds

RM

Edited September 11, 2010 by retireme
spelling and readability

[jamestan1978]

Thanks for sharing. This is one of the better breakout system as it's using price action entry and not indicators.

[retireme]

Thanks for sharing. This is one of the better breakout system as it's using price action entry and not indicators.

 

James, couldn't agree with you more. Each currency pair is displaying varying degrees of average price movement (APM) and therefore each pair should be approached differently. If you maintain the minimum of 1:2 R/R ratio using the chosen currency pair and trying to squeeze out a realistic TP, of course using the APM for the pair, the system actually turns out a substantial profit.

 

For consideration.

Rgds

RM

[retireme]

Hi retire me thanks for sharing I understand the trend line period is 00:00 to 6:00 . Just curious why did you draw at 14:00? Also if horizontal line is draw it would be very different from the optimus forex system

 

Sorry James, I didn't see the last part of your question so I didn't provide a response.

 

It is true that I have deviated from the Optimus Forex System, however it was based on my previous post regarding my usage of the system. I tried the Optimus system with mixed results, as I said the Optimus system works well in a ranging 6 hour no trade period. If the period is extremely biased towards a HIGH to LOW or LOW to HIGH, it is almost impossible to get into the market using the Optimus rules of entry.

 

Here is one example:

 

http://img827.imageshack.us/img827/7550/eg4.gif

 

After 4.5 hours you would have entered and then waited another 4.5 hours for 32 pips or 12 hours for 42 pips. In short, waiting 18 hours for an entry and exit for a max of 42 pips is not my kind of a good day. Using the H-L period method, it was a no trade day, price action stayed within the price channel and the only time it ventured outside was to test the market and very little volume involved.

 

Thanks for discussing this with me, its good to get the thoughts down in writing.

 

Rgds

RM

[jamestan1978]

Hi retireme,

i see your point now. what do you advice gbpusd and eurusd? is a TP 35 and stoploss SL20 too tight

[jamestan1978]

hi retireme,

the 0:00 - 06:00 is based on GMT+-0 right?

[retireme]

mine has a GMT +2 broker time

[jamestan1978]

Hi retire me, i notice the 8 sep trade it would have hit the stoploss if you enter trade after 2 up candle at the high of the range as it retraced 30pips before going up...

[retireme]

Hi retire me, i notice the 8 sep trade it would have hit the stoploss if you enter trade after 2 up candle at the high of the range as it retraced 30pips before going up...

 

* Risk to reward ration of at least 1:2 e.g. stoploss 25 - target 50

 

The above is an example James, I am demonstrating 1:2 / 25:50, what I actually do is set the ratio higher, as soon as there is a positive move in the direction of trade I move the SL to period High or Low, if still moving in direction of profit, I move to BE.

 

In a previous post you ask about GU and EU, I am still looking at it because I have stuck to the GJ in Optimus. What I will say is that the R/R you propose is 1:1.75 and therefore either the SL or TP have to move to comply with 1:2 R/R.

 

RM

[topcat275]

Hi Craven,

 

I also have not sent 15 emails so if you get this ([email protected])