SYNERGY Trading Method - page 10

ahefner33
24
ahefner33  

Hello all. Just came across this thread today while looking for an answer that arised when I was watching the webinar of the Synergy Method/

My question is and sorry if this has been answered but I could not find it. It is in the video presentation, Dean notes that at some points he gets in before the HA close has actually closed above/below the 5 ma channel. Do you enter right when it breaks or after the HA candle has closed?

I also noticed in some examples, he will say he would exit with the candle reversing colors and Im assuming that it has closed but then show the next frame and the HA candle has actually turned back to the original trend color. Again do we wait for the close or take action right when the criteria happens?

Hope this makes sense. And again thanks.

AH

cochran1
97
cochran1  

Synergy

AH, I talked to Dean several months ago and I asked the same question. He said that he enters a trade 'as the candle is forming'. I have been entering trades this way and it seems to work fine. As far as exiting, he did not have clear guidlines as far a open or closed candles. I have had the best luck by manually moving my stop and not closing the trade, there are alot of false exits. I have made more pips by just waiting, thx mike

bomaniac
12
bomaniac  

Great strategy!

Thx

Derk Wehler
345
Derk Wehler  

My indicator uses only closed candles for all calculations.

ahefner33:
Hello all. Just came across this thread today while looking for an answer that arised when I was watching the webinar of the Synergy Method/

My question is and sorry if this has been answered but I could not find it. It is in the video presentation, Dean notes that at some points he gets in before the HA close has actually closed above/below the 5 ma channel. Do you enter right when it breaks or after the HA candle has closed?

I also noticed in some examples, he will say he would exit with the candle reversing colors and Im assuming that it has closed but then show the next frame and the HA candle has actually turned back to the original trend color. Again do we wait for the close or take action right when the criteria happens?

Hope this makes sense. And again thanks.

AH
4xtrader
241
4xtrader  

I've changed/modified the MA band with MA color and added sup-res (dots), that might be usefull for us.

Derk Wehler
345
Derk Wehler  
4xtrader:
I've changed/modified the MA band with MA color and added sup-res (dots), that might be useful for us.

No source code?

4xtrader
241
4xtrader  
DerkWehler:
No source code?

Really sorry, I've got them in .ex4 too.

ahefner33
24
ahefner33  
cochran1:
AH, I talked to Dean several months ago and I asked the same question. He said that he enters a trade 'as the candle is forming'. I have been entering trades this way and it seems to work fine. As far as exiting, he did not have clear guidlines as far a open or closed candles. I have had the best luck by manually moving my stop and not closing the trade, there are alot of false exits. I have made more pips by just waiting, thx mike

Mike,

Thanks for the reply. Now I am new to this method but I have been studying it back on past price action and I have come to conclusion many times that the HA candle will spike out of the tunnel then close inside. If entering while the candle is forming, how do you filter these false movements? I know you said its been working fine for you so I'm just wondering how you do it? Thanks again.

Adam

cochran1
97
cochran1  

Adam, sometimes the HA close will jump out of the channel and the green is not over the yellow and red, then of course you have to wait for all conditions to be met. See my #66 comment on pg 7 for how I have been using this. The most important things are, 1. Trade in the same trend as the 4hr chart and 2. Trade during active times (London & US sessions). When the market is slow the probability for good trades decreases. If you go back through the 15min chart looking for trades in the same trend as 4hr chart, you can see many good setups, usually at the beginning of these sessions.. Following these guidelines, I have had no problem with entering a trade as the candle forms.

Lastly, I usually move my stop to breakeven when the price moves the length of the price channel. This seems to be the point where the currency will decide to continue or reverse. I like the EUR/JPY, the typical price channel is 20- 25pips. thx mike

Derk Wehler
345
Derk Wehler  

More Results from Derk's Indicator

Greets:

Based on Chris' post, I went back and ran some more tests. Although his seem to have the EURJPY a bit in front, all my tests have always pointed to the GBPUSD as being the leader.

So I loaded a number of currencies in my Velocity charts, and went back as far as it would download data. For H1 charts, I got:

H1 Charts, 118 bars / week

GBPUSD: 19 Jan, 2005 - 5 Oct, 2007: 5646 pips, 16874 bars ~ 39 / week

EURJPY: 16 Feb, 2005 - 5 Oct, 2007: 3560 pips, 16392 bars

EURUSD: 16 Feb, 2005 - 5 Oct, 2007: 3427 pips, 16392 bars

GBPJPY: 16 Feb, 2005 - 5 Oct, 2007: 3254 pips, 16391 bars

USDCHF: 16 Feb, 2005 - 5 Oct, 2007: 2920 pips, 16392 bars

USDJPY: 16 Feb, 2005 - 5 Oct, 2007: 2808 pips, 16391 bars

CADJPY: 14 Jul, 2006 - 5 Oct, 2007: 1195 pips, 7574 bars

EURGBP: 16 Feb, 2005 - 5 Oct, 2007: 152 pips, 16390 bars

AUDUSD: 16 Feb, 2005 - 5 Oct, 2007: -207 pips, 16392 bars

USDCAD: 16 Feb, 2005 - 5 Oct, 2007: -517 pips, 16390 bars

EURCHF: 16 Feb, 2005 - 5 Oct, 2007: -532 pips, 16392 bars

AUDCHF: 13 Jul, 2006 - 5 Oct, 2007: -849 pips, 7229 bars

GBPCHF: 16 Feb, 2005 - 5 Oct, 2007: -1159 pips, 16392 bars

CHFJPY: 8 Feb, 2005 - 5 Oct, 2007: -1213 pips, 16392 bars

NZDUSD: 9 Feb, 2005 - 5 Oct, 2007: -1616 pips, 16391 bars

AUDJPY: 7 Feb, 2005 - 5 Oct, 2007: -1864 pips, 16392 bars

NZDJPY: 28 Jul, 2005 - 5 Oct, 2007: -2177 pips, 13469 bars

EURCAD: 31 May, 2005 - 5 Oct, 2007: -2960 pips, 14496 bars

AUDNZD: 27 May, 2005 - 5 Oct, 2007: -5655 pips, 14453 bars

AUDCAD: 27 May, 2005 - 5 Oct, 2007: -6554 pips, 14112 bars

EURAUD: 21 Jan, 2005 - 5 Oct, 2007: -7997 pips, 16392 bars

Not terribly impressive, but ok. Interesting part is that one would probably consider only trading the top 4, and, if relying on these number, maybe just the GBP with more lots.

Since the pound was so far ahead, I ran tests just for it on other timeframes:

H4 Charts, 30 bars / week

GBPUSD: 3 Apr, 2001 - 5 Oct, 2007: 9946 pips, 10333 bars ~ 28 / week

M30 Charts, 236 bars / week

GBPUSD: 28 Apr, 2006 - 5 Oct, 2007: 3392 pips, 17760 bars ~ 45 / week

M15 Charts, 472 bars / week (40.27

GBPUSD: 27 Dec, 2005 - 5 Oct, 2007: 325 pips, 19009 bars ~ 28 / week

The M30 at 45 per week is a bit larger than the H1, possibly just because it does not go back as far in time, and there seems to be a commonality that it works better more recently. The M15 just seems to lose too much. All test I have tried with the M15 are not good.

But the one thing that I did confirm to my satisfaction is that Chris is right that turning UseSmallerExit off, and UseVolExpanding on works much better than the reverse.

Working on the EA now.

-Derk