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Project Spio Trading system & Journal -Deadly accurate


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Project Spio Trading system & Journal -Deadly accurate

  #11 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114


Big Mike View Post
What is SPIO Investors, since it is not you?

Mike

Hmm, thats just the name of a group of me and my trading friends and we have a page on FB where we just post our current trades.
Everything's free.

As for the name
It's derived from the fact that we constantly donate our profits to charity.

There's no vendoring going around.

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  #12 (permalink)
r3algood
Little Rock, Arkansas
 
Posts: 198 since Jul 2011
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Thanks Received: 109


Nasdin94 View Post



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  #13 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114



r3algood View Post


Hahas, its not really random lines.
This is not really an indicator but is actually a support/resistance indicator.

Once you see the price converges at the extreme levels, heads to the mid line, the -60 or -40 line, then it comes back down/up to the extreme levels, then you have a defnite signal to buy/sell.

You then place a buy/sell order right at the fibopivot.

No need to wait for Price action.
No need to wait for candlestick to close.

Stop loss is just 10 pips

Timeframe is H1 and above.
R/R ratio has always been at least 1:9 for me

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  #14 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114


Nasdin94 View Post
Hahas, its not really random lines.
This is not really an indicator but is actually a support/resistance indicator.

Once you see the price converges at the extreme levels, heads to the mid line, the -60 or -40 line, then it comes back down/up to the extreme levels, then you have a defnite signal to buy/sell.

You then place a buy/sell order right at the fibopivot.

No need to wait for Price action.
No need to wait for candlestick to close.

Stop loss is just 10 pips

Timeframe is H1 and above.
R/R ratio has always been at least 1:9 for me

To add on, the only thing you have to look out for are the squigly lines converging together or goes into the extreme levels.

Ignore the squigly lines.
These indicates noise in the market, therefore, you will not accidentally place a bad trade based on noise because now you know, from the indicator, they are noise.

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  #15 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,537

1. How long have you been trading this exact method?
2. Are you trading cash or sim?
3. If cash, how many cash trades have you taken?
4. If cash, what is the win/loss ratio of those cash trades?
5. If cash, what is your MFE and MAE?
6. If cash, what is your win/loss dollar ratio?

Mike

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  #16 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114


Big Mike View Post
1. How long have you been trading this exact method?
2. Are you trading cash or sim?
3. If cash, how many cash trades have you taken?
4. If cash, what is the win/loss ratio of those cash trades?
5. If cash, what is your MFE and MAE?
6. If cash, what is your win/loss dollar ratio?

Mike

1. This method has been used for 3 months. I became consistenly profitable since.
2. Cash - Started with $500 only.
3. Win/loss - Trying to be as conservative as possible, I'll just say, 15% of trades are losses, but at the same time, i'm not sure whether they should be losses cause its like -1 pip loss to quickly exit with when a signal comes wth multiwave- X. I'll touch on that later.
4. I have no idea MFE and MAE stands for. recent trades, on the eur/usd for example, stop loss was about 15 pips, TP 1 was 240 pips, TP 2 was 160 pips. I'm serious.
5. Win/loss dollar ratio, I think that was given in the previous line.


I'm still investigating this system now, I've been sticking to it for 3months, and am still trying to find any flaws to it.

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  #17 (permalink)
 
kbit's Avatar
 kbit 
Aurora, Il USA
 
Experience: Advanced
Platform: TradeStation
Trading: futures
Posts: 5,854 since Nov 2010
Thanks Given: 3,295
Thanks Received: 3,364

This should be interesting.....I will not be surprised if you don't end up trying to sell something (this looks to professional). That being said I am familiar with a similar methodology and if you are not tossed in the recycle bin by Big Mike I will participate in this disscussion after you fully lay everything out and are vetted.
Kbit

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  #18 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,396 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,537


Nasdin94 View Post
4. I have no idea MFE and MAE stands for

Click on the words above to find out.

Mike

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Searching for trading reviews? Review this list
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Report problems with the site: Using the NexusFi changelog thread
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  #19 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114


kbit View Post
This should be interesting.....I will not be surprised if you don't end up trying to sell something (this looks to professional). That being said I am familiar with a similar methodology and if you are not tossed in the recycle bin by Big Mike I will participate in this disscussion after you fully lay everything out and are vetted.
Kbit


No, trust me ,its free.

I'll post the indicators now then.
Hoepfully I don't die of copyright.

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  #20 (permalink)
Nasdin94
Singapore, Jurong West
 
Posts: 128 since Oct 2011
Thanks Given: 11
Thanks Received: 114


Here are the indicators.

Enjoy.

It took much blood, sweat and tears, + some amt of money attending courses
To create the system today through much trial and error where I would find myself spend spending nights studying charts without sleeping.

Attached Files
Elite Membership required to download: MultiWave-W.ex4
Elite Membership required to download: MultiWave-W.mq4
Elite Membership required to download: MultiWave-X.ex4
Elite Membership required to download: MultiWave-X.mq4
Elite Membership required to download: FiboPivots.ex4
Elite Membership required to download: FiboPivots.mq4
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Last Updated on September 22, 2016


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