Okay enough of my 2 pips worth- it's time for the wit and wisdom of Bill himself. As far as stop losses go, he doesn't get into them much because of course his system barely needs them but in general a stop below the nearest Fractal is what I recall. Also, in some ways I don't believe this system lends itself to a 24 hour market cuz a lot can happen while you are sleeping that you would need to micro-manage. In my tentative forays into actually using the system I have found nothing better for sucking the pips from big trends, but if you don't follow the system exactly it will hand you your ass on a plate just as fast, and if you try to trade it in a choppy market you can kiss your account goodbye. One of the first methods in the system involves filtering out choppy market signals and making sure you are in a "trend".This is one problem I see with the system- many of his examples are of the futures and commodities markets where the prices are going only in one direction for MONTHS at a time- the AO doesnt even cross to the upside at all. Your technique is called "Trading in the Zones"- just a small part of the system. There is more to it than just the AO & Acc- a whole system of directional signals, fractal buy/ sell orders, moving averages (Alligator), trailing stops, and money management, all there in black and white. If you haven't already, I would suggest reading Bill Williams' "Trading Chaos" and "New Trading Dimensions" a few times. There is actually a codified system for using the so-called Awesome Oscillator and Accelerator. Interesting timing on the post, as I was about to put a call out to see if anyone was using the "Profitunity" system as it is known.įirst, apologies if you know all this already, but maybe it will open up the conversation,and since you asked. The first three weeks I did not get anywhere close to the system totals as I kept second guessing the system.Īny insight on the system, stop losses, take profits, ect. The first lot was stopped out at +70 pips and the second lot is currently +54 pips with the SL at BE. For this week I entered two lots Monday morning at 1.9574. System total for week of Jan 7-12 was +564 pips, Jan 14-19 was -191 pips, Jan 21-26 was +70 pips. Since I use Oanda, I have to manually move the SL for trailing stops, which mean I miss the exact point sometimes. at +150 pips I move the second lot to 100 pip trailing. At +100 pips I move the first lot to 50 pip trailing and move the second lot to BE. At +50 pips I move one lot to break even. I enter with two equal lots, both set at SL of -70 pips. I close when the AO and AC are both red at the same time on a 4 hr close). (ie if the AO changes from red to green with the AC being green and having a previous AC 4 hr green, I buy. I exit trade on the close of a 4 hr candle when I have the same opposite colors on both AO and AC. I enter a trade on the close of a 4 hr candle when I have change of color on the AO and two consectutive and same colors on the AC. I use the Awesome Oscillator (AO) and the Accelerator/Decelerator Oscillator (AC) indicators on a 4hr, MetaTrader chart with GBP/USD. In words - one third multiplied by minus twenty-three eighths = minus twenty-three twenty-fourths.I have been been using a simple trading system using the Awesome Oscillator and Accelerator/Decelerator Oscillator for four weeks now and was hoping I could get some help and ideas on making it better and setting SL and TP's. In the next intermediate step the fraction result cannot be further simplified by cancelling. Result fraction keep to lowest possible denominator GCD(-23, 24) = 1. Multiply both numerators and denominators. Multiple: 1 / 3 * the result of step No.In words - one half minus twenty-seven eighths = minus twenty-three eighths. In practice, it is enough to find the common denominator (not necessarily the lowest) by multiplying the denominators: 2 × 8 = 16. The common denominator you can calculate as the least common multiple of the both denominators - LCM(2, 8) = 8.
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