ZIGANI
Junior Member
- Messages
- 75
- Joined
- Mar 7, 2009
- Messages
- 75
- Reaction score
- 206
- Points
- 19
NEW UPDATED SiteLite III Alert™ - Highly Accurate Trend Indication Bar w/ ALERT
Positions are opened upon Strength, Torque, Force with Volume that is indicated by NITRO™, DYNO™, and DYNO EXR™. Positions are added to upon continued Strength, Torque, Force with Volume and on Retracements with the Extended Range Dynamic Trend remaining in agreement.
Trading is done on FXPRO to allow diversification through a wide range of products from Forex Majors to Forex Minors, CFD's, Indexes, and Commodities. Even though spreads may be higher in these alternative offerings, diversifying with them reduces the overall risk that illogical price action will occur. Illogical price action of course meaning that the output of our indicators does not predict favorable trend action but instead predicts a trend that quickly reverses without allowing the user to have enough Take Profits cleared out before the prevailing trend switches and causes an overall loss in that total position. Only trading a few pairs or products greatly increases this risk. In addition, if the total position amount goal for a pair such as EURUSD is $500,000.00 usd- having a total of (5) standard lots opened instead of (50) mini lots [with 50 different levels of Take Profit and Entry Points] will also increase the risk that the total position will result in an overall loss.
Stop Losses are only entered to protect from disaster staggered from (300 to 600) pips away [such as occurred in the spike down glitch in equities and spilled over to all else on May 7th, 2010. in this instance had those 400+ positions not been closed prior to for clean up of account for spreadsheet analysis of beta testing, those levels of stop losses would have been taken out at about -500 Dow points as opposed to -990 because of probable account blow up or rather in this instance reversal of all prior gains and all take profits of the long equity-inverse correllated pairs/commodities/cfds and short equity-positive correlated pairs/commodities/cfds including the 10% at extreme levels of (300 to 600) pips would have been cleared. of course the lesson to be learned from that day and never to be forgotten is to always place stop losses to prevent a spike from causing a possible career end or multiple month setback and also to trade a high total number of positions to allow yourself to set a percentage of take profits at extreme levels to be able to also gain in these instances of extreme spikes].
Take Profits are initially entered 400 pips away and moved lower into place after majority of total position is established.
After majority of total position is established [ from 20 to 60 MINI Lots ] , Take Profits are then adjusted in a progressive exponetial grid pattern from (2) pips to (600) pips depending on the symbol. The majority [ over 60% ] of the Take Profits are grouped between the Fibonacci Extension Levels of 1.236 and 1.618 with the remaining 40% grouped below and above respectively. The Take Profits below 1.236 are set equadistant with about (1 to 2) pips in between. The Take Profits above 1.618 progress exponentially meaning they begin with about (2 to 5) pips in between and increase at each subsequent level. The amount of exponential increase and the initial difference in levels is dependent on total number of positions opened at any given time.
Positions are seldom closed out with Stop Losses. When obvious overall trend indicated by DYNO EXR™ has flipped- it is closed and reversed.
Many positions are re-entered on retracements after portions of Take Profits are cleared as long as DYNO EXR™ is still indicating a favorable trend bias. Take Profits are then recalculated and adjusted based on an increase of total positions.
The trade stats indicate a monthly return of over 10% in just over 15 days of heavy trading [1900+ trades] with extremely low max drawdown[3.56%] and a solid win/loss ratio.
In all reality, the account was set up and the trades were made while beta testing our new indicators. The account has not been actively managed since about April 16th. There may currently be open trades that are bad and should have been closed and reversed such as a large short position in Soybean Futures which reversed sharply after the late April Crop Report indicating intended acres were revised down and corn planting was slow which will then push bean planting back. Both of those negative variables equal lower overall yield in beans. Total overall net pips and pip profit curve needs to be ignored due to FXPRO/MT4 not making adjustments in the value representation of pips for some of the CFDs, Indexes, Commodities. This is a glitch in the account statement and dollar amount, total equity, and equity curve are all that should be used for analysis.
Positions are opened upon Strength, Torque, Force with Volume that is indicated by NITRO™, DYNO™, and DYNO EXR™. Positions are added to upon continued Strength, Torque, Force with Volume and on Retracements with the Extended Range Dynamic Trend remaining in agreement.
Trading is done on FXPRO to allow diversification through a wide range of products from Forex Majors to Forex Minors, CFD's, Indexes, and Commodities. Even though spreads may be higher in these alternative offerings, diversifying with them reduces the overall risk that illogical price action will occur. Illogical price action of course meaning that the output of our indicators does not predict favorable trend action but instead predicts a trend that quickly reverses without allowing the user to have enough Take Profits cleared out before the prevailing trend switches and causes an overall loss in that total position. Only trading a few pairs or products greatly increases this risk. In addition, if the total position amount goal for a pair such as EURUSD is $500,000.00 usd- having a total of (5) standard lots opened instead of (50) mini lots [with 50 different levels of Take Profit and Entry Points] will also increase the risk that the total position will result in an overall loss.
Stop Losses are only entered to protect from disaster staggered from (300 to 600) pips away [such as occurred in the spike down glitch in equities and spilled over to all else on May 7th, 2010. in this instance had those 400+ positions not been closed prior to for clean up of account for spreadsheet analysis of beta testing, those levels of stop losses would have been taken out at about -500 Dow points as opposed to -990 because of probable account blow up or rather in this instance reversal of all prior gains and all take profits of the long equity-inverse correllated pairs/commodities/cfds and short equity-positive correlated pairs/commodities/cfds including the 10% at extreme levels of (300 to 600) pips would have been cleared. of course the lesson to be learned from that day and never to be forgotten is to always place stop losses to prevent a spike from causing a possible career end or multiple month setback and also to trade a high total number of positions to allow yourself to set a percentage of take profits at extreme levels to be able to also gain in these instances of extreme spikes].
Take Profits are initially entered 400 pips away and moved lower into place after majority of total position is established.
After majority of total position is established [ from 20 to 60 MINI Lots ] , Take Profits are then adjusted in a progressive exponetial grid pattern from (2) pips to (600) pips depending on the symbol. The majority [ over 60% ] of the Take Profits are grouped between the Fibonacci Extension Levels of 1.236 and 1.618 with the remaining 40% grouped below and above respectively. The Take Profits below 1.236 are set equadistant with about (1 to 2) pips in between. The Take Profits above 1.618 progress exponentially meaning they begin with about (2 to 5) pips in between and increase at each subsequent level. The amount of exponential increase and the initial difference in levels is dependent on total number of positions opened at any given time.
Positions are seldom closed out with Stop Losses. When obvious overall trend indicated by DYNO EXR™ has flipped- it is closed and reversed.
Many positions are re-entered on retracements after portions of Take Profits are cleared as long as DYNO EXR™ is still indicating a favorable trend bias. Take Profits are then recalculated and adjusted based on an increase of total positions.
The trade stats indicate a monthly return of over 10% in just over 15 days of heavy trading [1900+ trades] with extremely low max drawdown[3.56%] and a solid win/loss ratio.
In all reality, the account was set up and the trades were made while beta testing our new indicators. The account has not been actively managed since about April 16th. There may currently be open trades that are bad and should have been closed and reversed such as a large short position in Soybean Futures which reversed sharply after the late April Crop Report indicating intended acres were revised down and corn planting was slow which will then push bean planting back. Both of those negative variables equal lower overall yield in beans. Total overall net pips and pip profit curve needs to be ignored due to FXPRO/MT4 not making adjustments in the value representation of pips for some of the CFDs, Indexes, Commodities. This is a glitch in the account statement and dollar amount, total equity, and equity curve are all that should be used for analysis.
