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Fusion time based System.

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Nov 18, 2013 02:01 pm
#1
4nt5 Translator

Posts: 84
Member since: 12/10/2013

So i'm a new Forex gambler trying to turn trader, I've been reading up as any newbie should and came up with a crude 1st strategy based on Kathleen Brook's fusion philiosphy. I want to share this strategy (since im rather proud of it being my 1st system) and would like a second opinion (go on guys...rip me a new 1)

I have done some 3 simulations last week and all three have experienced positive results so far, i will post up the simulation results after i've explained my system step by step:

1. First decide on an objective/deadline as a target, either a time i.e. 6pm (when you want to stop trading) or a profit level (T/P.. be realistic when setting this target).

2. Next using either fundamental or technical analysis determine the general direction you think a currency will go (up or down) for at least a few hours... My personal favourite indicators for this is displaced EMA, MACD and or Ichimoku Cloud 

3. (this portion is slightly subjective) Now looking at the candle sticks (i normally look at 1hr time frame) return to previous 2-4 candlestick's entry point and insert Gann Fan (you can use other fans as well but i favour this one), preferably the chosen entry point is not a lowest/highest point the graph so far as you will need these later. From the inserted entry point place the sides of the fan at the lowest/highest ever reached point on the graph so far, these will provide you with an expected range of trading. 

4. Your objective and projected range's middle should overlap at some point, provided your inital direction is correct you have your optimal estimated time/price as a objective/take profit in the middle of the fan. The two regions on either side are your supporting levels/ acceptable regions and the outer regions become your stop-loss depending on individual preferences.

**NOTE** The further out the price goes the less likely your target will be met, Anything outside of the outer regions  should be considered a loss cause and further considerations should me made.

As mentioned this system remains in a crude stage and will welcome any feedback you guys can give, From the 3 simulations I have run i have received all positive results so far.   


 

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Nov 18, 2013 02:06 pm
4nt5 Translator

Posts: 84
Member since: 12/10/2013

FYI Guys the 1st and 3rd simulations hit bulls eye, the 2nd simulation hit the blue area (sightly over our target point which was even better)

I look forward to your opinions!

https://www.fxstat.com/widget/link?t=tiny&c=1&s=20780&o1=growth&o2=monthly&o3=equity&o4=profitfactor 

Nov 18, 2013 04:03 pm
Champ User

Posts: 711
Member since: 17/05/2011

You r clearly defining ur strategy so I dun think your a forex gambler as you said in ur first post. You r, atm, trying to trade based on analysis.

http://www.fxstat.com/widget/link?t=tiny&c=1&s=24959&o1=growth&o2=drawdown&o3=profitfactor

Nov 18, 2013 05:20 pm
4nt5 Translator

Posts: 84
Member since: 12/10/2013

Originally posted by Champ
You r clearly defining ur strategy so I dun think your a forex gambler as you said in ur first post. You r, atm, trying to trade based on analysis.  




Heyo, I was a gambler (butthen i blew up first account), now trying to become trader through analysis instead as you've pointed out.. this is the first strategy i've been able to come up with since i actually did some reading and i'm hoping to get some pointers [cool].

https://www.fxstat.com/widget/link?t=tiny&c=1&s=20780&o1=growth&o2=drawdown&o3=monthly&o4=equity

Nov 21, 2013 01:36 am
Sasha User

Posts: 836
Member since: 16/05/2011

Originally posted by 4nt5

 

Originally posted by Champ
You r clearly defining ur strategy so I dun think your a forex gambler as you said in ur first post. You r, atm, trying to trade based on analysis.  





Heyo, I was a gambler (butthen i blew up first account), now trying to become trader through analysis instead as you've pointed out.. this is the first strategy i've been able to come up with since i actually did some reading and i'm hoping to get some pointers <img alt=" />.

https://www.fxstat.com/widget/link?t=tiny&c=1&s=20780&o1=growth&o2=drawdown&o3=monthly&o4=equity

 

 



That's great. 

So you have actually entered in forex trading world not long ago. is this ur strategy or modified form of an existing strategy?

Nov 21, 2013 10:08 am
4nt5 Translator

Posts: 84
Member since: 12/10/2013

Originally posted by Sasha

That's great. 

So you have actually entered in forex trading world not long ago. is this ur strategy or modified form of an existing strategy?



 

Thats right i was introduced to it only about a month ago (so im still relatively new), it blew my mind at first but after 5-10mins of reading on a weekly basis i'd like to think im starting to get it. 

The strategy is an original one of mine i thought up while trying to read and scalp at the same time which resulted in this system, and its still in developmental stages depending on successful performance. Feel free to implement it yourself [blush] but please just remeber to give me feedback on the results, it would be beneficial to me and anyone else who wants to give it a try :) - thanks!

http://www.fxstat.com/widget/link?t=medium&c=1&s=20780&o1=growth&o2=drawdown&o3=equity&o4=profitfactor 

Nov 21, 2013 03:36 pm

Posts: 35
Member since: 05/11/2013

I tested the system out with relatively good feedback, the only thing i noticed is that the system is more accurately during less volatile periods if your target is based on time, if it is based on a price however it has been pretty profitable (as seen on my profile). 

On one occassion however it triggered stop-loss THEN went the way i wanted, i recommend either adding a martingale system as a support should this happen via pending order...
Another way to do it is expanding your stop-loss but you'd have to be prepared to lose more as a result, so i personally would prefer the former so long as the direction is where you want it. 

http://www.fxstat.com/widget/link?t=wide&c=5&s=25074&o1=growth&o2=monthly&o3=equity&o4=profitfactor

Nov 22, 2013 02:47 pm
fxlots User

Posts: 22
Member since: 07/11/2013

Hiya i noticed also that the system is projection based.... it is vulnerable right at the start, then there is an optimal period of operation which then declines as the projection range becomes too large to remain accurate... i think the key is to identify its optimal period of operation, the issue is how which would be interesting to hear from others on this.

https://www.fxstat.com/widget/link?t=small&c=3&s=25095&o1=growth&o2=drawdown&o3=monthly&o4=equity 

Nov 26, 2013 12:14 pm
Noobtrader User

Posts: 52
Member since: 07/11/2013

Originally posted by Purplemoney

I tested the system out with relatively good feedback, the only thing i noticed is that the system is more accurately during less volatile periods if your target is based on time, if it is based on a price however it has been pretty profitable (as seen on my profile). 

On one occassion however it triggered stop-loss THEN went the way i wanted, i recommend either adding a martingale system as a support should this happen via pending order...
Another way to do it is expanding your stop-loss but you'd have to be prepared to lose more as a result, so i personally would prefer the former so long as the direction is where you want it. 

http://www.fxstat.com/widget/link?t=wide&c=5&s=25074&o1=growth&o2=monthly&o3=equity&o4=profitfactor

 





I disagree with Purple's suggested ammendments, martingale and Expanding Stop-loss simply opens your strategy up for increased risk..

I would recommend adding some indicators to determine trend, momentum and range trading. I tried your projection strategy with the use of triangles for range trading and trend, supported by MACD for momentum and EMA, I found these boosted the accuracy of your strategy greatly without a need to increase risk at all! 

Nov 29, 2013 11:58 am
ironical User

Posts: 734
Member since: 22/04/2011

It will take time to understand this system as I never drew so many technicals on my chart. 

For me, simpler is better rule works. 

The good or ill of a man lies within his own will. – Epictetus

Dec 12, 2013 03:46 pm

Posts: 45
Member since: 06/11/2013

simple= bliss, i think you may just be confusing yourself here dude, range trading works pretty well in a simliar way with the exception for the time estimation.

https://www.fxstat.com/widget/link?t=wide&c=6&s=25061&o1=growth&o2=drawdown&o3=profitfactor 

http://www.fxstat.com/widget/link?t=wide&c=6&s=25061&o1=growth&o2=drawdown&o3=profitfactor

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