Yet another newbie system!

[sr2]

Originally Posted by ImWanted

Nice Now I have something to do during the week-end.

BTW SR2, where do you get that software to draw circles on and write on your charts?

happy trading

Hi

I just take a screenshot and then use Paintshop or Paintbrush to add any circles or text. Also yes you are spot on with the AUDUSD trade, except that in your image it says BUY but it should be a SELL. But you obviously know that.

SR2

[sr2]

Originally Posted by amin1000

SR2,

thanks for your informative respond.
I was wondering, in your current system if one decides to control the losses manually by checking the prices continuesly instead of S/L-T/P (trade and forget), can it be much more profitable? Because in this system the profits are big compared to losses when you keep losses under control.

Thanks


PS.
ImWanted, yes, I think that entry appears to be valid.

I think if you can manually monitor you may get a better profit. However monitoring is something I was trying to get away from. Even some of the losing trades could be closed out for good profits. For example I have had trades go to within 10 pips of TP only to reverse and close out at SL. The more time I spend studying the markets the more I think that people need to use their own judgement to a certain extent. I suggest you experiment with the TP as you can definitely get more pips.

SR2

[compro00]

I like yr system because of it simplicity. By making the PSAR crossover the slower MA, price has move in the direction quite visibly and ride the trend. Yr system doesn;t pick the top and bottom... very common sense... i guess.

[ImWanted]

Basically its an EMA cross with the PSAR acting as the filter. Just like Bunny Cross but the filter is after x pips then take action..very CLEVER

[compro00]

Just like this link.. the filter "predict" price action

http://www.fxstreet.com/images/graf/...vember2004.pdf

ImWanted, i'm from Sg too.. hehe.

[compro00]

SR2,

After looking at the system for sometimes, i feel waiting for the PSAR to crossover slow MA, the trend would have move by >70% which leaves way too much pips on the table. How abt after MA crossover and price move by100pips or 1 ATR before entering ?? This would increase the chance of getting the target 100pips.

Anyway, i await yr new system...

[ImWanted]

ImWanted, i'm from Sg too.. hehe

Hi Compro00..been away for the past one year already. Missed CNY in Singapore also.

How abt after MA crossover and price move by100pips or 1 ATR before entering ??

Could you elaborate on that Compro00?

[compro00]

ImWanted,

When 10 MA crossover 40 MA, take the crossover price and let it runs for 100pips or 1 ATR = maybe average daily range for last 20days which is usually 100-200pips.. depending on currency pairs before entering. The 100pips or 1 ATR is the price filter... for ranging market.

If u look at SR2 original setup, the PSAR cross 40 MA, most of the time.. it is >70% of the move.