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Forex Forums | ForexLasers.com |
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#42
18-06-2010, 21:37
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First I will say that you are very welcome. Second, thank you for trying my system. Third, I hope you do really well using it. If you are making pips during this rather weird time that the markets are having just lately then just wait till they settle back into their more normal patterns.:D Egwig:cool::cool: 
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#43
29-06-2010, 09:48
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Update
It seems that some of you are not seeing the indicators line up quite the same as mine.
The EgwigBUY, the EgwigSELL and the color_ma should all be following the same path - as in the images. It seems that the color_ma has sometimes returned to its default settings. I have tried to address this in the updated template. Also there is a change of spread indicator. The old one should not be used. The same link as in the first post.;) Egwig:cool::cool:
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#47
08-07-2010, 14:46
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I would be interested to know how it is helping you besides financially. ;) Egwig :cool::cool:
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#48
09-07-2010, 13:36
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Egwig would you mind updating pdf according to the new RSI rules with lay in tpl folder ?
Ty!
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#49
09-07-2010, 15:11
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I am not sure what you mean when you say, 'with lay in tpl folder.' The pdf is up to date. The relevant instruction concerning the RSI lines is shown in the attached image. It is part of the pdf.. Egwig :cool::cool:
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#50
11-07-2010, 12:36
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Ah yes...my fault! Thanx for pointing me out.
Any chances for resaults of using system for example of one month period ?
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#51
12-07-2010, 10:42
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Jeez:eek: I have included many images of successful setups and trades. They are typical of what is possible. If you want more then you are free to produce as many examples as you choose.- A little help would be greatly appreciated. In the first post I suggested that traders experiment and post their findings. So far feedback has been very little. This is disappointing. The system is not perfect. With more interaction between users it may be greatly improved. It is already one of the better systems and that includes the high priced commercial systems. Look back over the charts. You can see what setups would have given good results. The Egwig arrows do not repaint. All setups are exactly as they were in real time. Only the signals indicator setups are changed and not available to view later. Everything else is there for you to see. You can set any pair on any time frame and see what setups gave good results. You can compare one currency pair to another. You can compare one time frame to another. You can alter the settings on the indicators to see how this may give better confirmations. Not all systems give you these opportunities. This kind of experimentation and reporting back is what I was hoping for in return for offering the system free to the community. So far no improvements have been suggested. It is up to you guys and gals. Together we could make this one of the most powerfully successful systems ever. Don't just take and ask for more. Egwig :cool: Last edited by Egwig; 12-07-2010 at 10:44.
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#52
12-07-2010, 10:59
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Jeez:eek: I have included many images of successful setups and trades. They are typical of what is possible. If you want more then you are free to produce as many examples as you choose.- A little help would be greatly appreciated. In the first post I suggested that traders experiment and post their findings. So far feedback has been very little. This is disappointing. The system is not perfect. With more interaction between users it may be greatly improved. It is already one of the better systems and that includes the high priced commercial systems. Look back over the charts. You can see what setups would have given good results. The Egwig arrows do not repaint. All setups are exactly as they were in real time. Only the signals indicator setups are changed and not available to view later. Everything else is there for you to see. You can set any pair on any time frame and see what setups gave good results. You can compare one currency pair to another. You can compare one time frame to another. You can alter the settings on the indicators to see how this may give better confirmations. Not all systems give you these opportunities. This kind of experimentation and reporting back is what I was hoping for in return for offering the system free to the community. So far no improvements have been suggested. It is up to you guys and gals. Together we could make this one of the most powerfully successful systems ever. Don't just take and ask for more. Egwig :cool:
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#54
27-07-2010, 13:10
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Unfortunately my programming skills are limited to using 1980s BASIC.:p and I am no longer in touch with my pet programmer. :( However, any MA crossover type indicator set to 55/1 period with an alert would give a rough approximate guide. But it would not show the state of all the other indicators and they are integral to the system as they show what is happening in higher TimeFrames. The Egwig alerts simply prompt you to look at ALL the signals to see if a trade is feasible. The alerts on their own are not enough. :) Egwig :cool::cool:
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#55
11-10-2010, 20:04
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An interesting pdf
This is a good explanation of currency, especially for beginners,
http://www.turbofap.net/guide-to-currency-trading.pdf Egwig:cool::cool:
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#57
29-11-2010, 06:36
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Thanks Egwig for the system - I have it on the hour charts on the 4 majors. Can you tell me roughly how many trades you get a week on each pair please.
I will run it also on the euro 15 mins, to get a feel for the signals. Going to trade it on a small live account. Will report back how i get on and post a few charts. Regards, Paul
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#58
29-11-2010, 09:33
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Decided NOT to go live and try a few more pairs. Took my first trade hit SL
See screen shot - price had been bouncing off support so I set a order just below and a stop on the first entry arrow. Right onto the next one :D
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#59
29-11-2010, 16:45
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New template
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Thanks for your interest. When I first put EgStrat on the net I was hoping that several of us could work together on its development. However, in spite of over 150 downloads not one person has taken up my request. As you can imagine things have developed as I have continued to experiment with various pairs, indicator-settings and time frames. I now find that the 30M TF on EURUSD and GBPUSD using a modified template is having better success. In regard to the pair and TF you were trading consider these points. 1. As you observed, the support was strong just 25 pips below your short entry. A target of 20 pips would have been advisable as the price would quite probably bounce again. 2. Using the latest template would show that all three indicators were in an uptrend where the old one shows down. PM me for the 30M template if you would like to try it out. It is not carved in stone. It is an ongoing development. I would be happy for you to be a part of it. Again, welcome. Egwig :cool::cool:
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#66
03-12-2010, 13:38
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I have just had a peek at your gif. You have reset the indies to the settings on my chart. That is all that the 30M template can do for you so you don't need me to send it. Well done. This is what I would like people to do. Experiment with different settings on the indies, TimeFrames, Currency Pairs and Trading Hours. Let's find out what really works best for this system. It is already showing some promise. Perhaps we can perfect it. :D Egwig:cool::cool:
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#68
07-12-2010, 08:46
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I convinced myself it was going all the way down to the daily pivot and hung in for the 'big one'. It bounced off the weekly and I ended up with 15 miserable pips when I eventually chickened out. All good fun. Did you catch the 7am Flyer this morning? (GMT) EURUSD long. Another nice little earner Keep on pippin. Egwig :cool::cool:
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#69
07-12-2010, 12:17
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No, missed that one as my internet getting dropping connection this morning -The overhead phone line had thick ice on it this morning, that may of been the problem. Came back on at 9.30am and so far NO trades :(
I hope you got it :D
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#71
08-12-2010, 10:26
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Turned out to be a right little cracker, a possible 135 pips. Whoo Hoo. :D Looks as if EU is lining up for a long this PM. In spite of all the gurus saying go short I think this will bear watching but with care. Keep 'em crossed PaddyMan, old bean Egwig:cool::cool:
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#72
16-12-2010, 13:38
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Hi Guys,
Into my last trade on the system today, long cable, +24 and going for 40 pips. This will be my last trade until 2011. I have done LOTS and LOTS of back testing on LOTS of pairs + some forward testing on all pairs. I have had some great wins and some horrid losers. Will only be trading two pairs live come the New Year - guess which two :) I will start up a journal in 2011 and put all my results and charts for my entries, win or lose :) So have a Merry Christmas and a very pipping New Year. BIG BIG thanks for the strat egwig. appreciated :D :D GL Paul
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#73
16-12-2010, 17:00
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Hi Egwig!
your strategy seems quite good enough, liked to begin to experiment with it. (Tf's, pars, tp, sl, etc ...) but I prefer work on lower tf (5M, 15M, 30M)... have you new templates or indicators to experiment? You can share them? Sorry for my bad English Cump´s
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#74
16-12-2010, 17:49
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You can use the strat on any Time Frame. It seems to be giving good results on 30M now on EURUSD and GBPUSD. Also 15M seems OK. Keep experimenting and find out what settings work best on each TF. ================================ Paul You are very welcome. Thank you for your feedback so far. A journal would be a great asset. Thanks for that. Have a great end to the year, guys. Regards Egwig. :cool::cool:
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#75
16-12-2010, 22:10
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Consider waiting for the second signal bar, (if it happens) on the correct color. Your trade did actually struggle to make your 40 pips but only if the SL factor was set to a hefty 3.6. With a more modest setting of SL factor 1.5 the second opportunity still is showing a possible 36 pips profit and could in fact make the 40 but with less risk. Egwig:cool::cool:
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#76
19-12-2010, 15:55
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I enterd this trade on the 15min. I have started to use this time frame more and more of late.
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#78
28-04-2011, 18:09
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Everything you need is in the link on the first post. If I remember correctly:p Egwig:cool::cool:
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#79
29-04-2011, 17:09
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Hi Egwig,
Thanks for sharing! Will download it to my other computer and will have closer look on it. Edwig's strategy, maybe it's gonna be a brand ;)
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#80
29-04-2011, 23:07
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Have fun. Egwig:cool::cool:
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