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Polyjuice potion - trend following system

  • #21
  • May 10, 2017 12:52pm May 10, 2017 12:52pm
Quoting diamonddbw
I see you're hard at work, and still positive. Good show! In your 1st post you mentioned 4 hours before end of day, as the time to cease entering trades. I'm guessing you're referring to London Close, or do you mean NY close? Working on a method now that I may add to Testing Club next week.
NY close.
  • #22
  • May 11, 2017 9:31pm May 11, 2017 9:31pm
Quoting diamonddbw
I see you're hard at work, and still positive. Good show! In your 1st post you mentioned 4 hours before end of day, as the time to cease entering trades. I'm guessing you're referring to London Close, or do you mean NY close? Working on a method now that I may add to Testing Club next week.
I look forward to seeing it!
  • #23
  • May 11, 2017 9:37pm May 11, 2017 9:37pm
If anyone is following my trades in the explorer please don't think this is the proper way to trade this system or that my trades are even representative of what the system can do.

I've been trading abominably, with excessive risk and overtrading. Stupid human brain.

The fact that it hasn't exploded yet though, does seem to credit the system as a whole. I'm interested if anyone else is having any luck?

One problem is that on two separate occasions I put in trades and then missed the opportunities to clean up because I was asleep. I usually depend on EAs to make my trades rather than doing things manually.

Here is an example - I had these stops in place (they should be virtual but since I had to sleep I made them actual) and the price got perilously close but didn't trigger them. Way too many trades in play - this is more like a grid system.
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_0675.PNG Size: 124 KB

The good news is the indicators are giving a good idea of market direction.
  • #24
  • May 13, 2017 8:17pm May 13, 2017 8:17pm
Observations after one week.

The Bressert indicator is early to detect a change of trend. This is good, but it also makes it prone to fake breakouts and failed reversals. In contrast the Precision Trend indicator is slow to catch on to a trend change, but it is also rarely fooled during a ranging choppy market. The PTL is somewhere between these two in terms of responsiveness. I'm wondering if the system could be altered so that trades are initiated by Bressert, and exited by PTL? During ranging markets, exits would be determined by PT.

This week I'm going to try and determine which indicator works better in what types of markets. I will try to make trades on different instruments that are in different market cycles.
  • #25
  • May 14, 2017 6:34am May 14, 2017 6:34am
Hi Clemmo. Looks like you have several open trades this W/E. Do you plan on doing that on a regular basis?

5% for the week is quite good. Looking closer at your method today.
  • #26
  • May 14, 2017 10:57am May 14, 2017 10:57am
I hope to never do it again.

I considered simply closing the trades that are currently open but I'm unable to separate what I know to be true about this system with what I know to be true in general. EURUSD is headed for a low in June, so these sell trades will turn profitable sooner than later.

However I should not have taken these trades at all. When price spiked up (which I expected, though not so late or so much) I acted instinctively.

If I can restore the balance of my equity I will try to be more disciplined in following the stated approach, but I think for this to have any intellectual rigour/reliability it will depend on more people testing the method than just me, as I suck.
  • #27
  • May 16, 2017 10:26am May 16, 2017 10:26am
I couldn't hang on after the huge rally in EURUSD, so it will be an amusing challenge to see if the system can get itself out of this hole I've dug for it.
System update: switching to H1 timeframe.
  • #28
  • May 19, 2017 2:55pm May 19, 2017 2:55pm
Managed to claw back to break-even this week, but could not erase the stain from last week. I was fairly happy with how it performed, although it was surprised by the resurgence in metals, and the flash drop in US500 today. Next week should take us near to the previous balance high.
  • #29
  • May 21, 2017 6:23pm May 21, 2017 6:23pm
System changes for this week:

  1. Take entry signals on H1 tf but use M30 to re-enter a trade after tall candle, or exiting on a band crossing
  2. Use 0.05 per indicator for countertrend trades and 0.1 per indicator for all other trades
  3. Maximum 3 symbols per day, selected at the start of a new day with http://www.pointzero-trading.com/Pro...w/PZHeatFinder

  • #30
  • May 24, 2017 12:08pm May 24, 2017 12:08pm
Boom. Back to the drawing board. That's why we trade demos.

I need a way to contain my cowboy trading impulses. I just can't seem to trust the indicators and let them do their thing. Maybe switch to D1 and make one or two trades per day.
  • #31
  • Aug 31, 2017 6:50am Aug 31, 2017 6:50am
Someone is still using this strategy? I am usíng since many weeks the Bressert DSS but I associate it to moving averages to get confirmation.
The DSS indicator can catch some interesting trends.

Who is still using it?
  • #32
  • Aug 31, 2017 8:17am Aug 31, 2017 8:17am
Hi Pazienza,
I'm not trading this system but I may revisit it at a future time. I think it has too many degrees of freedom and it depends too much on indicator signals.
  • #33
  • Sep 1, 2017 5:58pm Sep 1, 2017 5:58pm
Quoting clemmo17
Hi Pazienza, I'm not trading this system but I may revisit it at a future time. I think it has too many degrees of freedom and it depends too much on indicator signals.
I tried the DSS but I am not really convinced. I have seen the post from Sergey Gobulev with very promising results.
https://www.mql5.com/en/forum/181242

Maybe itis just because the trader has a lot of experience...
  • #34
  • Sep 1, 2017 6:06pm Sep 1, 2017 6:06pm
I like it because it gives you an idea of the cycles occuring in a trend. I use it to time exits mostly. There are other tools that do this though, an interesting one is the reverse EMA indicator, invented by Ehler, coded by Mladen that you can find on this forum.
  • #35
  • Oct 25, 2017 7:25am Oct 25, 2017 7:25am
Quoting clemmo17
Hi traders, This is a system I created over the weekend. I call it Polyjuice Potion, after the shape-shifting potion from Harry Potter, because its main ingredient is the genius of Mr. Mladen, a programming and trading wizard, famous for his many selfless contributions to the retail community, and this system, will hopefully transform you into something that at least on the surface, looks just as clever. I created this system specifically to use in the Testing...
Thank you clemmo17, for sharing your system to us, I will give it a try, this looks promising.

Precision trend by Mladen is one good indicator. What I like more about Mladen's work is none of the indies he made are repainting afaik.

Thank's again Clemmo17
  • #36
  • Oct 25, 2017 7:38am Oct 25, 2017 7:38am
Indeed precision-trend is interesting and worth experimentation. I am interested in your results if you try this system out but note that I am no longer testing it as I've found other systems with (I think) more promise. I hope I will have time to share them in the future.
  • #37
  • Apr 25, 2020 11:07am Apr 25, 2020 11:07am
Quoting clemmo17
Indeed precision-trend is interesting and worth experimentation. I am interested in your results if you try this system out but note that I am no longer testing it as I've found other systems with (I think) more promise. I hope I will have time to share them in the future.
I will wait for feedback on other systems.
  • #38
  • Last Post: Edited Apr 29, 2020 12:10pm Apr 28, 2020 1:09pm | Edited Apr 29, 2020 12:10pm
Quoting pazienza
{quote} I tried the DSS but I am not really convinced. I have seen the post from Sergey Gobulev with very promising results. https://www.mql5.com/en/forum/181242 Maybe itis just because the trader has a lot of experience...
I tried the DSS too, but the system really didn't impress me. maybe I'm just lacking experience. At this stage of my development as a trader, with my current level of experience, knowledge, skills and abilities, it is very difficult for me to optimize my own trading system. That is why I use the automated trading solution services I found here https://algofxpro.com/. Easy-to-follow trading robots designed to protect you from misguided trading positions help me make far fewer mistakes and make more profit. What do you say about that?
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