Faizumi fx

[hermes]

I got today a system from David. It generates 18 signals in 21 days, result: +1,380 pips! 15 wins and 3 losses. I put together a short manual.

http://www.megaupload.com/?d=C02P9445

Enjoy Hermes

[axl]

hi please advise of results, I to have this but dont have time to trade it...thanks

[hermes]

I will first test it on demo! No way to trade it live! Must see results and be confident with it. But I am now also very busy.

Hermes

[Diesel 10]

Nice system Dave & Hermes! I took the Starlight off my chart since you said it's not being used in this system. Heiken Ashi is I guess good for visual confirmation, however what is the purpose of the fractals in the system? If no purpose, I will take them off as well since it could give conflicting information to the actual signal criteria... As Einstein said, make everything as simple as possible but no simpler...

 

Results are perhaps even better than you think. The Buy trade that ended in a loss in the picture shouldn't have been taken as Goldminer was still red... thanks for sharing. Please keep us apprised of the results as we go forward. I will keep an eye on this system also. Cheers !

[Diesel 10]

Here is an image for the full system so that you all can see it...

 

http://i177.photobucket.com/albums/w201/jtimpsonstamps/faizumifull.gif

 

 

 

And here is a image for a streamline version that has only the indicators required to make a trade decision. Certainly a lot less Sexy! Please note: I am not trying to change the system by leaving some of the unused indicators off in this image. There may well be use for them that I am unaware of. I suggest you start with the full version as kindly shared by Dave and Hermes and go from there...

 

http://i177.photobucket.com/albums/w201/jtimpsonstamps/faizumisimple.gif

 

 

Dave's system does look like it has real potential !

Edited March 30, 2011 by Diesel 10

[collinsmith]

Hi friends,

 

Just be aware that Goldminer is a repainting indicator. I am not sure if it works well for this system in real time, so more test is required for this case.

 

Regards,

Collin

[grooter]

The bottom indicators look like TD1/TD2 to me. Dots could be some psar stuff. Nothing really new?

[mandiki]

hie hermes

 

thanks for sharing just wanted to know what was the stop loss(pips) and take profit(pips) used when trading on the 1hr timeframe and what was the trade exit strategy used?

thanks

[energetic]

any mirror to other file sharing site ?

[alansim]

any mirror to other file sharing site ?

 

Sure, here you go :)

 

** Please also thank OP hermes for this share.

 

http://www.mirrorcreator.com/files/1KM47QKL/faizumi-fx_David_English.zip_links

 

Or

 

http://www.mediafire.com/?dbdijka9xdzxzdy

[hermes]

I got a few positive responses on that system it must be good! I didn't have time to test it but will take a look when more time. The system is for free, they must be a good FX souls!

I feel happy for your success. We should also educate the MD v1.35 and v1.20 because they are the best EAs ever made.

Cheers Hermes

Edited April 2, 2011 by hermes

[SpacyTrader]

How do you trade this system ? TP ? SL ? In another thread 50 pip TP for H4 timeframe was mentioned, but what about SL ? On H1 it doesn't look profitable at all on EURUSD simply going from signal to signal. No idea how they got those results in that test. Same situation on H4 really. If you don't exit before reverse signal you lose.

[hermes]

I cannot answer your question because I don't trade Faizumi but others gave positive responses. Try on Daily TF? On longer TFs everything smooths up.

Hermes

Edited June 1, 2011 by hermes

[SpacyTrader]

I only observe increased losses with increased timeframe. Sure it can be profitable if you exit before opposite signal, but then problem is what SL you use. If you use opposite entry as SL and 50 pip TP as suggested the R:R is not so good.

[hermes]

I don't look the RR as important factor rather look for safety exits. They made tests with lousy entries but exact exits and found out that sophisticated exits make the money, not the entries. Put SL on previous high/low swing candle. For exits use 5EMA if candle close above/below. If very greedy use 10EMA but not higher. Or use RSI 2 when candle closes at 50-65.

Hermes