Re: Pumba´s - Swing Trading System
Posted: Sat Apr 23, 2022 11:24 pm
You're the king
You're the king
I asked him same thing in private message. This is his reply:oneking wrote: Mon May 02, 2022 9:07 am Thank you Pumpa for sharing your system is really solid , but I have one question is the trend envelop repaint ?
if yes how you use it ?
PumbaPLS wrote:Thu Apr 21, 2022 5:59 pm Hi!
I use it on all currency Pairs, I watch 28.
the Trend envelope repaints, because of using a higher timeframe.
When the Trend evelope changes its direction I would suggest waiting for the Daily Candle to close (If using it on the 4Hour).
Once the Daily Candle closes it wont repaint anymore and a new Trend is officially established.
The fractals can be used for many things.
several indicators on this template are based on HTF data, during your soft4fx backtest you dont have that data so indicators dont work.rogeryrogery wrote: Tue May 03, 2022 7:07 pm Hello,
Thanks for this beautiful system - I got couple of question and I don't think It's been answered in thread.
I tried template loading on soft4x back testing but It didn't load properly - I think only way is to forward test not back test, As volatility stays at LOW, Major trend direction indicator don't show at all.
My question is : When you trade 28 pairs on 4H / Daily, Do you manually look of enery and obeserve if you see something which give you signal later on? I don't think we can set alert unless open all trading pairs and turn on notification? Thanks
Secondly, ADR or any other key level can be use as TP but for SL, What is best option you found during your testing? Swing point or Fractel or any other ?
Thank you very much.
Thank you and great explaination.PumbaPLS wrote: Tue May 03, 2022 7:30 pm several indicators on this template are based on HTF data, during your soft4fx backtest you dont have that data so indicators dont work.
for the Daily timeframe: I check every night about 15-10minutes before the Daily close if a signal might occure or has occured.
for the 4Hour timeframe: I check every 4Hour if a signal might occure or has occured
So yes, I manually check the Pairs for signals, as I am trading fulltime I anyways have nothing better to do
You could reduce the amount of historic bars allowed on MT4 and delete a few indicators just to have the most necessary, this should enable you to have all Pairs on the Chart with Alerts activated, once a valid signal appears... change for that pair the template to the original one and see if the Trade is valid.
Just a thought.
I generally put my SL above/below Entry Candle or max above/below 1-2 prev. Candes before the Entry.
I dont think there is a best option and depends more about how you trade/want to trade.
Wider SL = less RR higher WR
small SL = higher RR lower WR3
hope this helped.
Hello Pumba, Thank you fr this beautiful system. But my chart is looking not same as like yours. I'm using the final version one. can you guide where am i missing?PumbaPLS wrote: Tue May 03, 2022 12:39 am Just to show that I am still here and still use the System.