The Fruit - A Powerful Trading Strategy [Archived]

[Tomi]

Some stuff for the Fruitarians Mind!

Let me Introduce to you a New Fruit = ADAM'S APPLE

Its a fruit that appears between Gator and Purple. Allowing you to get into a New Impulse wave in the direction of the Trend on 5x Higher Time Frame. A counter trend Entry mechanism we use to maximise our pip profits by getting in early into a new impulse wave.

Dax M1... not ideal tiem frame for fruit for beginners but here it goes..

Darren the original 3 shorts if not exited... good lord.

then it would be +32 + 30 + +26 + 22 .. thats 110 sounds too good to be true? check the pictures

Immy rocks and beyond! I was long on the candle just before the fruit. Got a small loss there. You showed an alternative and profitable way Although "next fruit" is a different candle than the long one and totally new game

[immy]

A huge thanks goes to Steve once again... and again and one more time for updating AIMS The Fruit indicator. ^:)^ ^:)^ ^:)^ (hug) (hug) (hug) (wd) (wd) (wd)


Please visit hte Fruit topic second Post for updated version V2.4 . http://www.itradeaims.net/forum/viewtop ... 399#p12399


How to use this signal: (Assuming you've read The Fruit Topic)
you may want to trade Fruit as an early entry into possible wave 3 or wave 5. or you may use this simply as an early warning system before it sets up for S1.


Fruit v2.4 has ability to filter all the fruit signals that are counter to the Current time frame. And it would alert for trading opportunities when a corrective wave is about to end and a new impulse wave is about to start in the direction of the 5 time higher Time frame. Its your mechanism to get into a Wave 5 before there is an S1 or S2 Setup.
If you learn to use it you will never the wave 5 moves where at times big box or other criteria might keep you out.
You risk only 1 bar/candle and you may win 100's of bars in profit. How cool is that.

Here is a picture of Normal Fruit Trade. with counter trend Fruit Signals.

06-10-2014 19-07-35.png

Now apply the V2.4 no-mans-land filter and you'll get only a few signals that are in the direction of the trend. The idea is to take fruit on the top of corrective waves i.e. between gator and purple to get into the next impulse wave.

[Dave]

Screen Shot 2014-10-07 at 8.21.24 PM.png

[immy]

Important Stuff from Chatroom.


Trade Management
i have to repeat this for emphasis. the trade management of Frut is ENTIRELY different to our TM plan for S1. S1 TM is a very accurate system. its rules are very strict and its applied to correct market conditions. Where as fruit takes into account market volatility and expands or contracts with the market.

[11:37:31] Immy AIMS: We Must accept this. Be very conservative with MM and aggressive with trading. so trade often but small. for testing use minute the lowest possible lots, and start increasing gradually but periodically.

[11:38:25] Immy AIMS: if you have successful week. increase by a certain proportion. if you have losing week take one step back or don't increase next week. until you have successful week. keep increasing until you reach your ideal lot size.

[11:38:50] Immy AIMS: so for me I need around £10 per pip. so I started from £1 and making my way to that level.

[11:39:24] Immy AIMS: if you think you are better than the rest of us then find yourself another place and teach it to others.
[11:39:58] Darren:

[11:40:02] Immy AIMS: where is my SL for this short. other side of AIMS with intent to close if it close above/on green.

[11:40:28] Immy AIMS: or if Aims level is close i'll leave it there instead of closing on green.



To Add or not to Add?
Dont be fooled by monkey brain though, you migh have thoughts of ok let me not add on and see how it goes. The strategy has been tested over 10 years of data (actually far more but 10 years of shorter time frames) and I've been working on it since 2011 to get it right.

And its not really enjoyable and fun without add on. there must be 1 add on. so split your position in half. .5% risk on 20 pips or 15 pips . and take two entries and dont worry about one entry being a bigger winner/loser than the other. Consider both as 1 entry and take average of the two. if you have -5 and -10 ie. -7.5.

[10:11:19] Immy AIMS: I meant data, not m1 data.
[10:12:36] Immy AIMS: the coutner trend entries MUST MUST MUST MUST MUST MUST MUST MUST have great Angulation, as explained in the latest posts. and the Adam's Apple Fruit can be taken as and when they appear.
[10:13:16] Immy AIMS: V2.4 Adams Apple (I'd like to call it)




Lot Sizes and Risk Management
The research suggest that it would be best to use Fixed lots. as the lot size may keep changing due to length of fruit and that makes it difficult to adjust the size of the next and further add on.


Taking Breaks

[11:41:35] Immy AIMS: if you need a break , then do so. but if you're having fun and break seems like a bad idea then dont.
but best to take a break. be in the habit of trading 2 hrs max in one go. it does not matter if you miss the moves or not.

M1 and specially with fruit , there are LOADS of opps every hr. note i did not say every day. I said Every hr.

A Strong Point

Ok here one powerful point.
[10:54:53] Immy AIMS: When a fruit is the Highest/Lowest spot among the current price levels/action, its often a reversal fruit. when its a new lower high or higher low , its a 1-2 or 3-4.
[10:55:15] Immy AIMS: xx.37 fruit is a low but higher than previous low. creating 1-2 up.
[10:55:40] Immy AIMS: 10.04 fruit was new high but lower than previous high. creating 1-2.
[10:55:44] Immy AIMS: Adams Apple is that.


Is it safer to wait for AO to run and then take Entry?
[10:40:26] Murat®: Ok immy i know what u mean nowww i have a questionnow u make many many samples in forum soooo when we get a fruit signal with good angle the price goes up sample we look for short we get a signal with nice angel so for agressiv entry we go direct short after break signal candle or better wait for safer entry to turn ao into dark green?
[10:41:20] Dave: break of candle
[10:41:31] Dave: add at next aims level break
[10:41:49] Immy AIMS: "safer entry to turn ao into dark green" is filtered in v2.4 using AO filer.
[10:41:51] Immy AIMS: filter
[10:41:58] Dave: OK I'm done for today, thanks guys
[10:42:05] Immy AIMS: Fruit needs a new paradigm. and it takes time. Fruit is better if taken when momentum is rising on AO. so Red Down Fruit = AO Green Green Up Fruit = AO Red.


Purple Line
If you continue to keep purple it would be best to trade ONLY Adams Apples

Does the Arrow Repaint?
Fruit is a Certain Price Bar/Candle Pattern. And how amazing is this that a Single Candle/Bar gives you so much edge and so much advantage. You Risk the Range of ONE Candle/Bar and you may win the profit of the range of hundreds of candles/bars that follow! It does not repaint if it did, our charts will all be untrustworthy. Candles/Bars Never repaint. They are there forever.


So immy u mean fruit work best with ranging markets im right?
[11:56:45] Immy AIMS: Nope.
[11:57:49] moty: RD
[11:58:14] Immy AIMS: you have more entries in ranging makets so more practice. but the most fun you have is when you take a trade on top of a wave, it turns around, you add on at appropriate times and then continue in the direction of the trend. it makes hundreds of pips from one move.
[center]The key to trading Fruit successfully and selecting the best fruit to trade is the angle between blue and red line and the current price bars[/center]

[immy]

I'd like to share here picture of a GU fruit. I've added Snorms eWave to the bottom of hte screen and it allows you to print TZ1 automatic allowing you to know the "higher probability" areas in the market where it might turn around. TZ2 on this instance was quite a good spot to look for Fruit. Though not much angulation that was offset by overwhelming information from eWave and the fact the HTF are still down trend.

09-10-2014 16-59-21.png

Below you will find picture of GU on m5. I did not take the short due to lack of Anuglation but later found that momentum was strongly down so I found me an entry on M5. Lovely jubbly

09-10-2014 16-10-50.png

Although Fruit created over 1200 pips this week on M1 Dax I can still assure you if you saw the power of it on M1 , then you will have reason to believe that on higher time frame you will GET EVEN MORE, even better results. Reason being a few.

1. you will be less prone to mistakes
2. You will have more time to dissipate the "heat" you feel after a rent or a losing period.
3. Your mind will not be able to play tricks on you that easily.
4. Becasue of the speed of the market you miss many setups on m1 but on higher TF you will be able to take most of them and you wont get into frustration or panic mode easily.

However we are all different beings and we have to learn to understand "Who we Realy ARE". Who AM I. is the most important question in our lives. If you found the answer to that, you will have achieved everything. But the answer is not a straight forward one. The levels of understandings are unveiled gradually and the more you know the deeper you get and its pure joy. all the best

[immy]

The Fruit strategy as applied to Dax m1 or M5 is changing our perspective and understanding of markets and trading as a whole.

Check these pictures from Yesterdays action.

LO Begins with 104 pips

08-10-2014 21-38-19.png

08-10-2014 21-47-05.png

08-10-2014 21-57-39.png

08-10-2014 21-59-25.png

08-10-2014 22-02-14.png

And not including last night's post FOMC trades there was one more campain for 150 pips that would take the Score to 500 pips... If you don'#t believe me, just check your own charts and start the counting.

[kooky]

Immy,could you please post a screen shot of the settings your using or are they the default??
kooky

[immy]

Immy,could you please post a screen shot of the settings your using or are they the default??
kooky

The default settings should be ok for you. If you want to see all the fruits then use V2.2.

[immy]

Looks like the Fruit has finally hit it with the AIMSters... It surely is a very powerful strategy.

I had to do something about it. I had to make them trade with me in our live skype trading sessions. And finally one took charge of his account, trusted, believed and went for it. Moty, as he puts it in his words, "immy you held my hand and walked me through it to the other side of the road". I love the way he said it. Or may be he got it wrong. May be it was him helping me cross the road holding my hand like daddy. I am thankful to him. Moty you are one fine Gent.

Add-ons if the power of this strategy: Do not take it for granted. You must add on at least once. But just to highlight one more time. We do not want to go crazy with add ons but if you want to trade fruit ,and by all means you should, you must add one time after the fruit entry.

The win rate of fruit entry: The success rate of fruit entry is not that high, its below 50% but its really simple and easy to spot entry mechanism. The add on compliments it. Do not let your mind think about rents. Just roll. The position size should be so small that you don't give a toss about it.

The Entry, Exit and Money Management is Simple: We don't have a flow chart of rules for this. All you need is the understanding of the angulation as explained in previous posts and then go for it. The next bit I want to talk about is money management. You can make insane amount of pips so it is important to switch your mind off of counting pips. Just trade the picture. If you're not too confident then just know it that if you stay on m5 you will be fine and it will be a lot easier. If you have a big winner and don't want to immediately turn it around into another campgain thats fine. Relax.

Higher Time Frames are More profitable and Easier to Manage: Kow it If you stay on m15 it will be even easier and if you stay on h1 with ONLY 4 pairs it will become even easier but it depends on your lifestyle as well. I like the m1 chart but Moty now prefers the m5 chart and frankly the m5 is much soothing than the m1. Pick your choice depending on your liking and not mine. There is no pressure. You should know wha'ts best for you. It works like a charm on any time frame you choose.

Extra Care is Required for Lower Time Frames: Keep in mind that the lower the time frame you trade the more volatility and lower spread you want just keep this in mind. The way Dax is moving on m1 these days, its awesome. But it may not always be like this. IF it changes, volatility drops, its ok, switch to m5 ,or swtich to currencies on m5. If you do not have dax or cannot afford trading it ,thats fine too. Simply trade any major currency on either m5 or m15 (no m1).

H1 is best but if you don't to trade h1 then m15 or m5 is best just keep an eye on H1 where its at in the wave.

Time Tip for H1: If you want to benefit from H1 fruits best fruits appear around frankfurt open. Often they will put you into a great wave ahead of others. Test this concept on your platform.

Elliott Wave: Elliott Wave helps but don't get too lost in wave count, in fact if you did not know waves it would be even better. So you can simply take singals as and when they appear without worrying too much about wave count. Repeating it again, we DONOT trade ellliott wave.

Split Screen and Multiple Time Frames and Template; You do not need to look for M5 trend or going against it with this strategy. You do not need to split your screen into two. You don't need purple or the dots or any other indicator. Just follow the clean template as mine. ewave/ao, gator/aims gator, box or no box. your choice and the V2.2 or v.2.4 indicator.

What about the Flow Chart S1/S2 Trades?: If you want to continue with your S1 and S1 flow chart trades you may do so but if you want to add the safest highest probability fruit indication to your S1/S2 repertoire then the best way is to add v2.4 with standard settings and it will give you fruit indictations that may get you into a new wave 5 before the s1 break. You may take v2.4 Adam's Apple signal and add on using S1 or simply take fruit and let it run and manage accordingly.

Trade Management:The trades are managed differently using Fruit since entry id against gator initially. So firstly the SL is on the other side of the fruit. and then you don't do anything with it until it crosses on the other side of gator. Thats when you keep an eye on the green line and if the price closes on green you may get out.

If you're using the V5.1 template you may then exit on black dot. If using the v.5.1 template you can apply the 5 green or red candle trail if you think price is obviously pulling away from green. The reason behind this is , e.g. you've got good profit or add ons and you think if it was to trun around and close on green that would mean giving back most of hte profit then you may want to protect that by choosing to trail candles. If using the proper Fruit tempalte you must be using the Seed V2.2 indicator that overlays red and green bars. Five reds and five greens is a useful exit or stop loss trailing mechanism specially when you're scared and price is not going through the gator or just going through it and you're unsure. Gradually you'll begin to trust it and you wont need to use this but initially you may. Just know it that using 5 bar trail may get you out prematurely at times. We should use green line more than any other way of getting out with profit. Be careful with trailing as it may result in getting out of beautiful strong trends too often.

Exit on Good Fruit with Angle or Reversing positions: If price does pull away and creates a strong Fruit counter to your positions yes, it would make sense not only to close your position but at times even close and reverse and trade in the other direciton. So its a bit like you've built one structure, completed and got paid for it and the work on the other structure begins right away.

Its a very powerful , simple and FRUITFUL strategy.

Its not your usual 10% a month strategy. Use this to double your account as and when you want it. The Power is YOURS

May the pips be with you!

Any questions shoot..

ps: be very ultra conservative with postion/lot size and aggressive with trades. TRADE SMALL TRADE OFTEN
pss: all of the above is explained with greater detail in the first post of this topic of Fruit. Please Please please study the text and pay extra attenition to the pictures. Those pictures will help you understand all aspects of trading the fruit.

psss: I forgot to mention that with fruit the add on is the first aims level available to the left from the near past. or a new one may be created after the entry. Check out the pictures in the trades above to see add on spot.

[The_Snowman]

Dropped in to see if anything was new, wow Fruit 2.4

Made for Fruit Picking Friday anything with AUD in it