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Thread: Faizumi fx verification trades

  1. #41
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    Hi silver, the setting for the trendline indicator are 30, 5, generally it change color when the BB indicator gives a signal, some times it can repaint but dont worry, if the BB support resist you're safe

    The ema indicator for the arrows is this 5-8openEMA_Cross_Arrow_with_Alerts.ex4 fibo pivot 2.mq4

    This is the support and resistance indi (its also on the indicator section of this forum) fibo pivot 2.ex4 5-8openEMA_Cross_Arrow_with_Alerts.mq4

    I trade during London and New york session, so from 9AM to 19PM

    Last edited by kidrock82; 05-10-2012 at 05:58 PM.

  2. #42
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    Thanks for the indicators - now - what part of the world are you? I'm in the US with ibFX broker.

    I've had a good day trading. Was really using the lower time frames and made close to 10% of my account.

    Again - I've been looking at the M1 and M5 with both the korHarmonics and your system and if I get a signal on both - I'll scalp it and try to get 7 to 10 pips out of it...

    Also using the H1 for the bigger setups... Had a question: you said to WAIT for the candle to close once the signal is given? So AUDJPY has a signal right now - but the candle hasn't closed... I'm uploading a picture for you to see...

    Faizumi fx verification trades-audjpy-h1.gif

    Here's the same AUDJPY setup scalp - on the M5 after the valid signal you could have gotten 37 pips...

    Faizumi fx verification trades-audjpy-m5.gif
    Last edited by silvergroupforex; 05-10-2012 at 10:48 PM.

  3. #43
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    Hi silver, i'm from italy

    Yes you have to wait the close of the candle because the price could CLOSE above the blu bollinger and turn back against you, i ve seen it happen sometimes, the bollinger band work as a support, so is MUCH safer to wait for the candle to close and confirm the signal...

    About the timeframe, i use the 1h tf because there is much less stress , actually if you look in the FF thread about symphonie system (that basically produce the same signals of the faizumi system) you will see that they use 5min tf... And the "inventor" of the system is very profitable, but he also do a lot of techical analysis... Theoretically this system should be profitable in each timeframe if you know what your doing , but i like 1h tf so for now i'm stick with it...

  4. #44
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    hi guys, this is the result of the backtesting of march, please note that i just want to see how many good and false signals the system give, in real the results may differ from this , by the way, in one month, the eurjpy gave 15 signals, 13 positive (2 BE) and 2 losses...

    Faizumi fx verification trades-eurjpy-march-faizumi.gif
    sunpost likes this.

  5. #45
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    looks good and promissing! thanks.

  6. #46
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    i m glad to help , next test i would like to try 30 min to see if its possible to get early signals and a little more tight SL

  7. #47
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    This is what distinguishes winners and losers on Forex. Winners - try, investigate, share, discuss, investigate more. Losers- come, download, try to use, fail ... and move to Poker :-)

  8. #48
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    Cool - I'm doing some more reading on the lower time frames as well - will keep you posted!

  9. #49
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    Hi guys, sorry for not posting any others trades, i was doing a long back test starting from 1 of jannuary to the 31 of may, but this is the third time that i close my mt4 by mistake and i should have to start all over again!! I dont have the patience to do it XD... So i'm posting the result that i have obtained so far, this is a screenshot of the results i was obtaining at mid of march... i ve started with 1000 $, after 2 month and an half i was at 13.300, at the 22 of march i was at 18.600

    Faizumi fx verification trades-testergraph.gif

    Remember that this is a backtest, i was running candles at 30X speed so you are stress free, and you move your stop loss easily following obvious resistances... I was just testing signals, even if there are periods of lateral market you can still be in profit because the good signals run for more than 150 - 200 pips...

    Note that i wasnt using big lots, i was increasing it by 0.10 every 1000, i ve started to use 1.0 only at 11.000
    Last edited by kidrock82; 06-09-2012 at 09:10 AM.

  10. #50
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    damn, eq better than mine, well done - kidrock!

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