Yet another newbie system!

[sr2]

Originally posted by tim_nn
Yes indeed; have been watching that one since the crossover on Wednesday.

Do you have any impression of what proportion of crossovers you end up trading (small-ish, I realise)?

And of what the "average time-lag" is between the crossover and the trade?

Thanks for updating with January's positions.

Hi Tim

The trade did not happen...well at least not according to Metatrader. Its possible that it was triggered on other platforms...no matter which platform I end up using I will probably continue to use Metatrader as an indicator.

Yes you are right a small proportion of the trades are actually taken. Rough guess would be 20%. I suppose a better reply is that the number of trades is right for me in that not too many and not too little

Again a rough estimate of time lag would be 12 hours. But I have know it to happen quicker and slower. Usually it is clear to see when the PSAR crossover will occur and be prepared for it in the next 4 hour period.

Thanks

[sr2]

Originally posted by ar1
Sr2, try to trail your SL. When for example you have already 50 pips unrealized profit, move your SL to B/E. I think it will improve your strategy alot.

Thanks ar1...I do actually plan to at some stage look into this. At present I have to be able to stick to my rules...once I get control of myself fully I can then try other variations

[sr2]

Originally posted by Bunnygirl
Hi guys,

It may be old age setting in and me looking for an easier pace of life, but I do like your 4 hour chart idea Sr2.

I totally agree with the 'set & forget' method of tp & sl, I've always said my best trades happened when I wasn't around to meddle with them.

I just wanted to point out that my change from wma to ema was only because Netdania was going through an unreliable patch (like today for instance when it went down twice for some time) & my platform CMC doesn't have wma. There's not that much difference between the two indicators on a normal day, it's only when there's been some big whipsaws as seen around news time that you may see a difference of a few pips.

I hope this helps, you only have to look back a few weeks to see how much/little difference using wma or ema makes.

In future I'll look to see which way the 4 hour has crossed before entering on the 30 mins. It's all wheels within wheels, there must be some connection between the two. Just a quick thought...if the 4 hour & the 30 mins is crossing at the same time...hmmm.

I'll do some backtesting over the weekend to compare notes.

Bunnygirl

Run rabbit, run rabbit, run run run

Hi Bunnygirl

WOW...I have a reply from BG on my thread

Actually when I started looking at this system I came across yours and that is what made me perservere and investigate further...so thanks for that.

Thanks for your comments and suggestions...I will take a look. Please let us all know how you get along with the backtesting.

I agree it is wheels within wheels...however in all honesty I look at nothing else except 4 hour charts...the thing is there is so much information as there is so I like to simply things otherwise I feel overwhelmed.

Thanks again
SR2

[sr2]

Thanks gidman for the clarification.

SR2

[tim_nn]

Originally posted by sr2 Hi Tim, The trade did not happen...well at least not according to Metatrader. Its possible that it was triggered on other platforms...no matter which platform I end up using I will probably continue to use Metatrader as an indicator.

It didn't happen on mine, either. I was wondering about this, especially since I use ProRealTime which is set to Central European Time, so my four-hour bars are one hour out of step with yours?! Interesting ...

Thanks for your other answers.

Very nice to see a special guest appearance by BG herself, as you say.

[stringy12]

HI, I'm a newbie too. Have been educting myself for about 6 months now. Have cheecked out various trading signals (pro signal, netpicks etc) which are ok if you have the time. I became a member here last night and was very interested in your system. I tested it on Intellichart with varoius historical data and it seems to work brilliantly! I am going to use the signals to place fixed odds bets on Bet On The Markets, so not to risk my (already minute capital).

Thanks alot I will keep you posted with results.

Stringy12

[sr2]

Originally posted by stringy12
HI, I'm a newbie too. Have been educting myself for about 6 months now. Have cheecked out various trading signals (pro signal, netpicks etc) which are ok if you have the time. I became a member here last night and was very interested in your system. I tested it on Intellichart with varoius historical data and it seems to work brilliantly! I am going to use the signals to place fixed odds bets on Bet On The Markets, so not to risk my (already minute capital).

Thanks alot I will keep you posted with results.

Stringy12

Best of luck to you stringy12...let us all know how you get along on BOM. I was thinking of trying it out on BOM but decided on forward testing on metatrader first.

SR2

[compro00]

sr2,

U may want to look into ATR for s/l and t/p. This is to adjust according to per pair volatility. I think in the long run, this will also make yr system more adaptive to market.