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  • August 20, 2015 at 1:41 pm in reply to: Nature of Markets – Power of Probability, Compounding & 1pip #7668
    DocT
    Participant
      Neocount wrote:

      Here is the system JHLewis and I are currently using successfully. It uses a renko chart set to H1 NOT M1. This clears out a lot of the noise. 50 ema channel for trend direction(blue and white) Stoch 80/20 for OB/OS MACD is a secondary filter I recently added to help with fakeouts as seen in the pic. Its color and if its above or below 0 are the indicators. The other channel is just a ATR channel I use to identify extremes. Hasn’t played a huge part in the strat yet except to help not take trades if price is between the 2 bands. Trade 1: sto -80. Price under ema. MACD red and under 0 Trade 2: This trade hits the checklist but you would have sweated it for a few minutes until it won. Notice I did wait for a color change on the macd which seems to help weed out bad trades. Trade 3: waited for macd color change Trade 4 & 5 are textbook. I’ll post the indis in another post. I need to clean up the template first.

       

      Neo

      Did you post the indi’s & template?  If not could you please as I am interested to try this system.

      Cheers

      Doc

      July 8, 2015 at 9:14 am in reply to: Nature of Markets – Power of Probability, Compounding & 1pip #7294
      DocT
      Participant

        Hi Smallcat

        To cover the commissions you need – wait for it – 1 pip!

        So you could aim for 3 pips, lose 1 to comms and gain 2.

        Am still playing around with the accounts – just hate seeing the negatives in the account balance…

        Doc

         

        July 8, 2015 at 7:53 am in reply to: Nature of Markets – Power of Probability, Compounding & 1pip #7290
        DocT
        Participant

          Hi All

          Although it has been mentioned here before, I thought I’d re-enforce here that commission based model does not really work for this system.

          I tried both FXCM Spread Bet account (commission in spread) and FXCM low spread + commission for comparison and was shocked!!!

          The commission from both legs wiped out the profit from the 1 pip gain! And it was emotionally difficult to see the commission hits in the account!

          And they take 50% as margin per trade leaving the margin % low!!!

          So although my spreads are ave 2.5 EU and GU, the gains do not get wiped out – I will stick with Spread Bet account in UK and make it work for this system.

          Cheers

          Doc

          • This reply was modified 10 years, 9 months ago by DocT.
          July 1, 2015 at 11:29 am in reply to: Nature of Markets – Power of Probability, Compounding & 1pip #7186
          DocT
          Participant

            I have everything loaded and running but am getting HistoryBase: 3041 errors in EURUSD3 in Journal Tab

            Any ideas?

            July 1, 2015 at 9:46 am in reply to: Nature of Markets – Power of Probability, Compounding & 1pip #7174
            DocT
            Participant

              Morning All

              I was very kindly invited to this forum by a friend – thanks to him ;-) and to you for bringing your system to a public forum.

              I have read through, downloaded the “equipment” and am off to set it all up.

              How exciting….

              Cheers

              DocT :yahoo:

               

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