My most updated version is found on page 213 post# 3184 to 3192. Uses one indicator and one EA. Very simple.
1. great summary of trading philosophy of this thread by JAY p. 224 post # 3353
2. IAMTHAT pending order EA is posted on page 224 with a summary Post # 3349 and 3352
These seem to be the best two going right now.
This EA is developed around several trading theories.
1. Dark Star did a great thread on what the Forex really is, you can find it here: http://www.forexfactory.com/showthread.php?t=7484
Because the Forex is designed primarily for businesses, banks, and governments to exchange currencies in very large amounts, it does not behave itself in a consistent matter. At any time or place someone, bank, govt., business can exchange a huge amount of currency and it will have nothing to do with Fundamentals or Indicators or any combination of both. Every system ever developed can be disrupted by these exchanges and thereby ruining any strategy. I concluded that you can study to your hearts content everything about Forex trading you can find but when GM cashes a billion dollar check because it sold county X trucks no system can cover these events. To counter these happenings I developed a theory of trading a currency's range instead of specific entrance and exit points. A currency will only move a maximum X amount of pips in one day. Develop a system that stays within that range and stay away from the super news stories, like 700 Billion dollar bailouts and interest rate announcements, you can successfully trade the Forex on a regular basis.
2. This lead to my second point, I am not the only one doing this, it just isn't posted in 99.5% of Forums, sales pitches, etc. etc. Please read this article which clearly states my trading philosophy and how it functions. This EA attempts to trade according to this philosophy.
http://www.sfomag.com/article.aspx?ID=598&issueID=35
Attached to this post are my EAs and instructions manual. I will continue in my following posts to show this system and some of my live results.
3. Added new material on how to use the recovery EAs and the six rules on using them. P. 8 post# 106-110
4. Due to testing it is recommended that the only pair in the 5M chart that can be traded consistently without hittting the stop loss regularly is the gbp/usd. The gbp/chf and the eur/gbp have both consistantly been hurting this system. It is just the way the fundamental movement of the pound is acting right now. The gbp/jpy has done well along with the eur/nzd but they have come close several times. If you use these live trading be more conservative with them and watch the news stories closely. Probably if you didnt trade the USA session with them you can still do fine. That is what I am doing with my live account. Anyways enjoy.
5. P. 61 post #915 has an important note about demo and live trading.
6. VERY IMPORTANT LESSON LEARNED POSTED ON P. 98 POST #1459 (avoiding the interest rate news stories.)
7. Here is an EA up grade 180x100. I used it live in the April 2009 IBFX contest and did very well. 78% win ratio. It is set for 4 digit brokers. I will attach a 5 digit version soon.
8. I added a 5 digit version, it works on a backtest but I have not live traded or lived demo it. I just changed the numbers in it so it should work with a 5 digit broker.
9. If you have a dime broker instead of a penny broker, you may have to change the lot number from .01 to .10 for it to work with some brokers.
10. I removed the 180x200 and replaced it with a 180x100 using a 20 MA. I found this to work better. I posted a 4 digit and 5 digit system. The 5 digit system has no profile folder however. Some instructions are found on p. 145 post 2167 on directions for the 5 digit system.
11. P 141 and following pages we start a discussion of the 242 recovery system. This is very valuable in getting out of troubling tades. On page 143 I talk about the difference between the 242 system and the recovery EA. Also read post #2417 p. 162
12. P.154 post #2310 I give a more detailed explanation of the 180x100
13. P 155 post #2314 I give more explanation of my trading theory and why inflation may not mean a devalue of the USD. I maybe wrong but it is my thoughts at this time.
14. P 157 posts #2353 to 2355 teaches you how to program a BB EA and use my trading system with it. It also teaches how to change an EA from a 4 digit to a 5 digit system.
15. p. 159 post #2373 I explain the best pairs to trade for a beginner of my system.
16. p. 161 post #2407 I give the result of my 4 month live test. Which pairs did good, which pairs did bad and what pairs I will no longer test on a live account.
17. I updated the 180x100 included a 200x200 for volatile pairs and updated the booklet for it. I also have the 40MA BB. All of them have 4D and 5D versions. I also included the indicators that go with them and instructions on how to put the in MT4 I will remove the previous versions after the weekend.
18. I updated the 60x90 for 5Digit brokers. The folder has both 3L and 4L versions.
19. How the different EAs handle the different volatility of each currency pair is discussed P. 183 post #2736
20. More discussion on the 2.4.2 recovery system. P. 185 post #2767.
21. Shows price movement for 5 months, shows two trades needing the 2.4.2 recovery system. The other trades using the 40MA BB had this record over a 5 month period on the eur/jpy. 24 winners, 2 losers and two minimal losses or winners.
22. Page 189 Post #2821 Why Interest rate stories can be very dangerous to trading and trading systems.
1. great summary of trading philosophy of this thread by JAY p. 224 post # 3353
2. IAMTHAT pending order EA is posted on page 224 with a summary Post # 3349 and 3352
These seem to be the best two going right now.
This EA is developed around several trading theories.
1. Dark Star did a great thread on what the Forex really is, you can find it here: http://www.forexfactory.com/showthread.php?t=7484
Because the Forex is designed primarily for businesses, banks, and governments to exchange currencies in very large amounts, it does not behave itself in a consistent matter. At any time or place someone, bank, govt., business can exchange a huge amount of currency and it will have nothing to do with Fundamentals or Indicators or any combination of both. Every system ever developed can be disrupted by these exchanges and thereby ruining any strategy. I concluded that you can study to your hearts content everything about Forex trading you can find but when GM cashes a billion dollar check because it sold county X trucks no system can cover these events. To counter these happenings I developed a theory of trading a currency's range instead of specific entrance and exit points. A currency will only move a maximum X amount of pips in one day. Develop a system that stays within that range and stay away from the super news stories, like 700 Billion dollar bailouts and interest rate announcements, you can successfully trade the Forex on a regular basis.
2. This lead to my second point, I am not the only one doing this, it just isn't posted in 99.5% of Forums, sales pitches, etc. etc. Please read this article which clearly states my trading philosophy and how it functions. This EA attempts to trade according to this philosophy.
http://www.sfomag.com/article.aspx?ID=598&issueID=35
Attached to this post are my EAs and instructions manual. I will continue in my following posts to show this system and some of my live results.
3. Added new material on how to use the recovery EAs and the six rules on using them. P. 8 post# 106-110
4. Due to testing it is recommended that the only pair in the 5M chart that can be traded consistently without hittting the stop loss regularly is the gbp/usd. The gbp/chf and the eur/gbp have both consistantly been hurting this system. It is just the way the fundamental movement of the pound is acting right now. The gbp/jpy has done well along with the eur/nzd but they have come close several times. If you use these live trading be more conservative with them and watch the news stories closely. Probably if you didnt trade the USA session with them you can still do fine. That is what I am doing with my live account. Anyways enjoy.
5. P. 61 post #915 has an important note about demo and live trading.
6. VERY IMPORTANT LESSON LEARNED POSTED ON P. 98 POST #1459 (avoiding the interest rate news stories.)
7. Here is an EA up grade 180x100. I used it live in the April 2009 IBFX contest and did very well. 78% win ratio. It is set for 4 digit brokers. I will attach a 5 digit version soon.
8. I added a 5 digit version, it works on a backtest but I have not live traded or lived demo it. I just changed the numbers in it so it should work with a 5 digit broker.
9. If you have a dime broker instead of a penny broker, you may have to change the lot number from .01 to .10 for it to work with some brokers.
10. I removed the 180x200 and replaced it with a 180x100 using a 20 MA. I found this to work better. I posted a 4 digit and 5 digit system. The 5 digit system has no profile folder however. Some instructions are found on p. 145 post 2167 on directions for the 5 digit system.
11. P 141 and following pages we start a discussion of the 242 recovery system. This is very valuable in getting out of troubling tades. On page 143 I talk about the difference between the 242 system and the recovery EA. Also read post #2417 p. 162
12. P.154 post #2310 I give a more detailed explanation of the 180x100
13. P 155 post #2314 I give more explanation of my trading theory and why inflation may not mean a devalue of the USD. I maybe wrong but it is my thoughts at this time.
14. P 157 posts #2353 to 2355 teaches you how to program a BB EA and use my trading system with it. It also teaches how to change an EA from a 4 digit to a 5 digit system.
15. p. 159 post #2373 I explain the best pairs to trade for a beginner of my system.
16. p. 161 post #2407 I give the result of my 4 month live test. Which pairs did good, which pairs did bad and what pairs I will no longer test on a live account.
17. I updated the 180x100 included a 200x200 for volatile pairs and updated the booklet for it. I also have the 40MA BB. All of them have 4D and 5D versions. I also included the indicators that go with them and instructions on how to put the in MT4 I will remove the previous versions after the weekend.
18. I updated the 60x90 for 5Digit brokers. The folder has both 3L and 4L versions.
19. How the different EAs handle the different volatility of each currency pair is discussed P. 183 post #2736
20. More discussion on the 2.4.2 recovery system. P. 185 post #2767.
21. Shows price movement for 5 months, shows two trades needing the 2.4.2 recovery system. The other trades using the 40MA BB had this record over a 5 month period on the eur/jpy. 24 winners, 2 losers and two minimal losses or winners.
22. Page 189 Post #2821 Why Interest rate stories can be very dangerous to trading and trading systems.
Attached File(s)