The simple stupid system

Chart setup: Heikin ashi
EMA 5 close
EMA 8 open
Dinapoli stoch 8-3-3
MomentumVT 10
QQE Alert Smooth Factor 1

There are two conditions for Entry.

1. Basic Entry

Buy: 5/8 ma up crossover
Dinapoli stoch bullish crossover
MomentumVT above 0 level
QQE alert pointing up

Sell: 5/8 ma down crossover
Dinapoli stoch bearish crossover
MomentumVT below 0
QQE alert pointing down

Update
As I have discovered that moving averages often react to price actions rather quickly, I decided to add a filter to my exits.
Exit: Whet both QQE alert and 5/8 Ema crossover have signalled an opposite direction, then exit. They don't have to signal at the same time but you no exit must be taken until the two have signalled an exit.

2. Re-Entry

Let's say we miss a basic setup and look to entering the trade after the setup as occured, these are the conditions that must be met:

Buy: Make sure that all the indicators are going in the buy direction. Allow the dinapoli stoch to go into a sell then enter a buy when it also turns back to the buy direction. Take note of any support or resistance level or any pivot point close to the current price. Enter when the dinapoli stoch crosses over to a buy.

Sell: Opposite of buy.

Exit: Stop loss of 20 pips, OR Take profit of 20 or 30 pips. Whichever is hit first. I also use a trailing stop of 20 pips.

News.
I do not open new positions when big news is coming up. If I am already in a trade and a big news is near, I exit the trade if I have profit less than 30 pips. But if I am in a profit of more than 30 pips, I leave 20 pips out and lock in the remaining then trail my stop with a 20 pips trailing stop. That is my own personal way of handling news, other suggestions are welcome.

The purpose of this thread is to improve the strategy and also build an expert advisor. You can also add timeframe filters.




Wahnone

This is simple but certainly not stupid Thanks Wahnone!

Hi there,

Nice simple looking system , but I couldn't get your QQE alert arrows to appear on my chart . I've got the indicators loaded into my indicators folder, then closed the platform and reopened it, then loaded QQE onto the chart but no arrows appeared. Any ideas what the problem might be

Thanks for your system, T-Wolf

Do you wait for the candle to close before an entry is made when all indicators agree? Where do you place a stop loss?

That's just the alert. You have to have a QQE indicator in your indicator file.

I have a dozen in mine and I don't know which one it uses. Otherwise I would post it.

Try this one.

What currency pairs and time frames do you use?

Hi Bill,

Hope you're doing well. Thanks very much for posting that indicator. I've got a few of them saved in a folder too. I should have caught that the indicator he posted was an alert meant to be used with the QQE indicator itself. See ! That's what happens when I forget to take my smartie pills in the morning Take care of yourself there Bill....T-Wolf

Yes. I do wait for the candle to close before entering but i sometimes use the 5minutes chart for an earlier entry

great system and thanks for sharing but did you try it for live trading and how long .....))) just asking

I trade the 15 min gbpusd and at times the eurjpy.
I trade from 5.00 gmt to 19.00gmt

Do you use SL? Or any idea to have SL on this system?

I occasionally use parabolic sar as a trailing stop to prevent spikes going against me.

I have changed the ma cross alert to show 5 close and 8 open.

Mart

Here are two trades taken today on gbpusd 15 min

Do you use the QQE? If yes how? Thanks

Hi guys,

i am new here and i fell over this thread, please can somebody tell me how to put in those files into the mt4, i am not so familiar with this platform.

thanks in advance

tickticker

I use the qqe as a trigger to enter a trade but i am looking to add a better trigger as qqe often enters late and gets me into more trades.

Hello Wahnone,

was reading your thread here and your system seems to be very interesting, still a lot for me is new in the mt4 platform, i have a little clue how to put the Files into the platform but not exactly in which folders they shall be, i downloaded your system already and in my case the icons from DiNapoli, Hekhin-Ashi, Momentum and QQE Alert are not such yellow rombuses like in the metarader, does this matter (i am not a programmer).
So maybe you could give me a hint how and where to do it.

Thanks, tickticker

The files i uploaded are in ex.4 extension .The file you are referring to is mql.4. Its compressed form is the ex4. You just need to extract the indicators (the ones posted) to your indicators folder : Program files > metatrader > experts > indicators. Also extract the template to your templates directory : Program files > metatrader > templates. Hope this helps.