Yet another newbie system!

[Wolfie]

interesting system, looking forward to the day I understand enough to be able to implement it lol

[forex777]

Very much looking forward to your ideas on faster charts (30 minutes, 1 hour,etc..) and more frequent trades.

The idea behind it being, the more frequent the trades, even though less pips obtained per trade, the faster you can grow your account utilzing the compounding factor of interest per trade.

You can grow your account infintely faster making 10 pips per day than 50 pips per week. Even though you're making the same amount of pips at the end of the trading week, if you can compund per day rather than per week, the profit difference is staggering. Truly!

Looking forward to hearing from you Sr2!

Thank you for sharing your wonderful system.

Hats off to you...

[khyberfx]

Just finished reading all 25 pages of this thread and it was awesome. I plan to use system in my demo account to get familiar with it. I’d like to thank SR2 for sharing this system with us and wish you the best with your trading and charitable efforts.



This system is turning a profit but from what you guys are saying, it can be improved upon in certain areas. To see it turn out nice profits like ones being posted by SR2 in its current form is great; just think what it could do when it's fully refined.



SR2, maybe the rules of this system could be modified to create a new system for those who wish to trade more frequently throughout the day/week for gains of fewer pips more often than the current system.

[sr2]

Originally Posted by forex777

Very much looking forward to your ideas on faster charts (30 minutes, 1 hour,etc..) and more frequent trades.

The idea behind it being, the more frequent the trades, even though less pips obtained per trade, the faster you can grow your account utilzing the compounding factor of interest per trade.

You can grow your account infintely faster making 10 pips per day than 50 pips per week. Even though you're making the same amount of pips at the end of the trading week, if you can compund per day rather than per week, the profit difference is staggering. Truly!

Looking forward to hearing from you Sr2!

Thank you for sharing your wonderful system.

Hats off to you...

Hi forex777

Thanks for your post. So far I have not had much time to look at shorter time frames. I have been using 4 hours which has been quite profitable but as you said it can get boring waiting for the signal to appear. I will start to relax the rules a little to increase the number of trades and hopefully profit!

When I get roudn to looking at variations I will post up the details.

Thanks
SR2

[sr2]

Originally Posted by khyberfx

Just finished reading all 25 pages of this thread and it was awesome. I plan to use system in my demo account to get familiar with it. I’d like to thank SR2 for sharing this system with us and wish you the best with your trading and charitable efforts.



This system is turning a profit but from what you guys are saying, it can be improved upon in certain areas. To see it turn out nice profits like ones being posted by SR2 in its current form is great; just think what it could do when it's fully refined.



SR2, maybe the rules of this system could be modified to create a new system for those who wish to trade more frequently throughout the day/week for gains of fewer pips more often than the current system.

Hi khyberfx

Thanks for your post.

As in the previous post I will look into variations as soon as I get some time.

I would encourage anyone out there to try variations. You never know what you might find hidden in there. That is how YANS came about.

SR2

[TheWolf]

Has anyone been experimenting with using different trailing stop levels?

The problem is that after you get stopped out, do you re-enter into the trade? When should you, and when shouldnt you..etc I have no idea atm. Also, after newsrelease, it could easily hit the trailing stop, but the trend before usually carries on afterwards.

[TheWolf]

Hmm Im thinking of putting a 144sma and 89sma on it to further filter out the better trades. So that if this system signals a short, it will also have to be beneath the 89sma, and above it if long. Opinions?

PS I do realise that we will get even less trades than we already do.

[TheWolf]

Nice +150 pips from GBPJPY in 2 days. =) Helped by the Chinese news today.