Reverse Vegas!

thread: Reverse Vegas!

  1. #1
    Junior Member valerayparra's Avatar
    20

    Reverse Vegas!

    I left this system for a joke over a year ago when I realised everything the real vegas system indied the contrary happend! I thought I share it with you personally.

    First go upload the Vegas Currency Indior attached. Its modified to run as 55 SMA for the tube. The fib amounts are 21, 34 and 55.

    You are able to run it anytime frame from 15 mins to 4 hours but I think 1 hour works best. You may use it on another majors but tend to use it on euro you will have to change the fibo amounts in the indior therefore the envelope fits the typical devation.

    Today as soon as the market goes up above the tunnel centre line beyond the 1st fibo we sell ONE lot. When we go to 2nd fib we sell TWO lots once we go into the 3rd fib we sell THREE lots Now we hope n pray it comes straight back to the tunnel where we take profit.

    Of course at times the market trends and that is how I deal with this. If the price transcend the previous fib by about 15/20 pips we shut all the shorts as a hard stop and open and reverse 3 lots long. Now the tunnel price becomes the stop. Yes this is debilitating but sometimes this is a valid breakout and may run for over 200 pips. Other times it makes an extra reduction cos that the market simply simply went stop hunting but there's not any way to understand what will happen next.

    The reverse is true for buying during range jumped. We buy every fib below the tunnel 1 lots each and we close, reverse and sell the breakout 15/20 pips below the bottom fibo otherwise total profit is taken while the price returns to the tube.

    There are two great things with this system that has generated pain and suffering for years with the old vegas. This requires NO DIALS, no indiors no thought, no intuition... nada. It doesnt have problems with tunnel losses not in the same manner anyhow becuase the tunnel is used for TP through rangebound and difficult stop or TP once trending. For practical purposes especially around news time you need to include prior static orders over the fibs because sometimes a spike may go up though 2 or 3 fibs so quickly you dont get time to place orders unless they are already setup. Often price returns just as quick thus collecting a extremely fast profit. Quite simply, dont assume anything simply stick to the rules. This system deals with the two kinds of market and also does a fantastic job at both. The times we're rangebound its profitable and also the 5 or 6 times each year that the market trends for hundreds of pips without a break you wont miss these motions so this isn't really a joke egy whatsoever but one that really works. Undoubtedly you will discover your own rules with this particular system but I wouldnt make it too complex or you may split it
    https://www.cliqforex.com/attachment...5879993596.ex4

  2. #2
    Junior Member alitaoxrgog's Avatar
    26
    Bolt
    Thanks for sharing. Nice to see you're still around and finding good ideas.
    This has certainly given me a few ideas to think about.
    Do you completed any backtesting on your method?

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