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


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Apply following criteria

 

- Create a regression line from 00 to 06 GMT

- lets say slope is up, hence Trend is Buy

- at 06 GMT price may be above or below regression line

- if its above for regression line, place a Buy trade when price touches back the Regression line

- if price is below regression line, open a Buy trade immediately

- close with trailing stop

 

opposite criteria for Sell

 

for last 2 weeks all trade are winners

http://www.4shared.com/document/Fs3SN-dL/GBPJPY100626.html

 

Regression Lines

use the following indicator on IBFX broker with M15 chart to draw the regression lines

http://www.4shared.com/file/tu7sYv9x/LinearRegressionWilson.html

 

Green Box 0-6GMT

http://www.4shared.com/file/nCXSB1ds/RegressionWilson.html

 

Thanks craven for providing such a nice system

Edited by wilson
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Okay I give what parameters are you using to create your regression line. Obliviously if you get the line right you win, get it wrong you use.

Also why does your green zone look so narrow are you using the space between 00-0600?

 

I have studies your power point and can find no rhyme or reason how those lines are drawn

Please help us

 

Hurry up and get back to us you have the whole forum waiting with baited breath!

Thanks

Patheway

 

 

Apply following criteria

 

- Create a regression line from 00 to 06 GMT

- lets say slope is up, hence Trend is Buy

- at 06 GMT price may be above or below regression line

- if its above for regression line, place a Buy trade when price touches back the Regression line

- if price is below regression line, open a Buy trade immediately

- close with trailing stop

 

opposite criteria for Sell

 

for last 2 weeks all trade are winners

http://www.4shared.com/document/Fs3SN-dL/GBPJPY100626.html

 

Thanks craven for providing such a nice system

Edited by patheway
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Okay I give what parameters are you using to create your regression line. Obliviously if you get the line right you win, get it wrong you use.

Also why does your green zone look so narrow are you using the space between 00-0600?

 

I have studies your power point and can find no rhyme or reason how those lines are drawn

Please help us

 

Hurry up and get back to us you have the whole forum waiting with baited breath!

Thanks

Patheway

 

use the following indicator on IBFX broker with M15 chart to draw the regression lines

http://www.4shared.com/file/tu7sYv9x/LinearRegressionWilson.html

Edited by wilson
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Thanks do we need a live account to use this. I tried it on my broker nothing happens

thanks

 

The indicator was made on fly, not optimized, try clicking Refresh Button, the lines should appear

for green box from 0 - 6GMT try using craven sent indicator/template

Edited by wilson
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Hi wilson,

 

Good work! you've taken the original flawed system and made it into your own system which looks to work very nicely :)

 

Do you start your trail at 30 pips profit and trail 15 ?

 

Your system could work nicely on other pairs too - it's worth us checking these out.

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Ok thanks I am now on IBFX chart open the problem is the template with this broker does not highlight the green zone?

 

I have attached the indicator/template

http://www.4shared.com/file/nCXSB1ds/RegressionWilson.html

 

Ok so this is a very clever way for a IB to get sign ups..

I have to say it's a good one.

Patheway

 

I feel sad with your statement,

I have no association with IB,

I have tried to help with whatever limited expertise I had,

for this system, regression line is to made from 0-6GMT,

once GMT offset code is incorporated, it could be used on any broker

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Your correct I publicly apologize we get so many screw balls. You certainly offered to help forgive me.

 

I got the line working but honestly when going by your rules it works most of the time but not all the time.

I will get a screenshot to you quick I just wanted to say I'm sorry and having some crow for breakfast

 

 

Patheway

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Hi wilson,

 

Good work! you've taken the original flawed system and made it into your own system which looks to work very nicely :)

 

Do you start your trail at 30 pips profit and trail 15 ?

 

Your system could work nicely on other pairs too - it's worth us checking these out.

 

Thanks soundfx

making an EA, would quickly help in optimizing SL,

since I do not know how to put it into an EA,

will have to do some manual forward testing & conclude

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Notice these to screen shots one I would say is a no trade the live is not sloping and breaks the candles.

But the other one f we waited for the price to come down we would big?

A little hep here please

thanks

patheway

 

http://img31.imageshack.us/img31/5128/notrade.jpg

 

Uploaded with ImageShack.us

 

http://img686.imageshack.us/img686/14/loseri.jpg

 

Uploaded with ImageShack.us

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Notice these to screen shots one I would say is a no trade the live is not sloping and breaks the candles.

But the other one f we waited for the price to come down we would big?

A little hep here please

thanks

patheway

 

I am also in similar boat as you, just chanced to browse the thread credit craven,

as regards your queries,

first screen shot shows sideways slope, then any standard ranging strategy needs to be used

second screenshot does show price moved down, how much trailing stop or what exit criteria would have taken us out of this is what needs determination

we need to collectively get to it,

sorry nothing much further to add right now,

Edited by wilson
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