FX_30M Bouncing System | Forex Factory

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Attachments: FX_30M Bouncing System
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FX_30M Bouncing System

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  • #1
  • First Post: Mar 10, 2009 10:24pm Mar 10, 2009 10:24pm
trading rules:
place this EA to EUR/USD 30M chart.

turn it on and trade for non news hour.

setting:
Num_Of_digit = False (set to true if you are using 5 digit platform)
CloseHour= 11(set to 30 if you do not want EA to close the trade)
HourStart=0 (always trade on Japan or non news session)
HourEnd=10 (always trade on Japan or non news session)

indicator required:
slope_directional(customised)
Storch RSI(customised)
PSAR(standard from mt4)
ADX(standard from mt4)

template:
V104R8.tpl

EA:
FX_30M_Bouncing_V104.ex4

additional configuration:
this EA needs to be configure once a month to ensure we have good pip hunting.

FEE:
it is FREE!!!!!!!(unless you wanna contribute )

effectiveness:
I'm trading it in Live acct after 6 months of testing in DEMO from V101R1.

testing platform:
IBFX,FXDD,Alpari

MM:
Daily target 20 pip.
Stop and exit if it is totally out of trend... (this not yet happend and hope it wouldn't happend)
slowly increase your lot size.

BackTest:
you do it yourself and do not post it here, we are looking at forward testing.
Attached Image (click to enlarge)
Click to Enlarge Name: 20090310.JPG Size: 78 KB
Attached File(s)
File Type: ex4 Slope Direction Line.ex4   4 KB | 2,007 downloads
File Type: ex4 Stoch RSI.ex4   4 KB | 1,971 downloads
File Type: ex4 FX_30M_Bouncing_V104.ex4   16 KB | 2,123 downloads
File Type: tpl v104_r8.tpl   32 KB | 1,943 downloads
  • #2
  • Mar 10, 2009 10:27pm Mar 10, 2009 10:27pm
Nice Siobi, is it the same one from the other thread?
  • #3
  • Mar 10, 2009 11:37pm Mar 10, 2009 11:37pm
artov,

Yes is the same..
  • #4
  • Mar 10, 2009 11:44pm Mar 10, 2009 11:44pm
Siobi, with the great performance of v104r7 I'm almost hesitant to replace it with v104r8 above.
  • #5
  • Mar 11, 2009 12:21am Mar 11, 2009 12:21am
this EA can be trade in any session EXCEPT news session.

I choose Asian session because it is less news and ........... the most important I'm living in Asian country!!!! here is my time zone babe!!!

  • #6
  • Mar 11, 2009 12:23am Mar 11, 2009 12:23am
hi
the ea do not enter any position in backtesting ,this is my screen , is there anything i should do ?
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: siobi.gif Size: 25 KB
  • #7
  • Mar 11, 2009 12:50am Mar 11, 2009 12:50am
place this EA to EUR/USD 30M chart.

turn it on and trade for non news hour.

setting:
Num_Of_digit = False (set to true if you are using 5 digit platform)
CloseHour= 11(set to 30 if you do not want EA to close the trade)
HourStart=0 (always trade on Japan or non news session)
HourEnd=10 (always trade on Japan or non news session)

What are the settings for these indicators?
indicator required:
slope_directional(customised)
Storch RSI(customised)
PSAR(standard from mt4)
ADX(standard from mt4)

template:
V104R8.tpl

EA:
FX_30M_Bouncing_V104.ex4

additional configuration:
this EA needs to be configure once a month to ensure we have good pip hunting.

FEE:
it is FREE!!!!!!!(unless you wanna contribute )

effectiveness:
I'm trading it in Live acct after 6 months of testing in DEMO from V101R1.

testing platform:
IBFX,FXDD,Alpari

MM:
Daily target 20 pip.
Stop and exit if it is totally out of trend... (this not yet happend and hope it wouldn't happend)
slowly increase your lot size.

BackTest:
you do it yourself and do not post it here, we are looking at forward testing.[/quote]
  • #8
  • Mar 11, 2009 12:57am Mar 11, 2009 12:57am
Quoting Peacelover
place this EA to EUR/USD 30M chart.

turn it on and trade for non news hour.

setting:
Num_Of_digit = False (set to true if you are using 5 digit platform)
CloseHour= 11(set to 30 if you do not want EA to close the trade)
HourStart=0 (always trade on Japan or non news session)
HourEnd=10 (always trade on Japan or non news session)

What are the settings for these indicators?
indicator required:
slope_directional(customised)
Storch RSI(customised)
PSAR(standard from mt4)
ADX(standard from...
[/quote]

FOLLOW THE
template given......
  • #9
  • Mar 11, 2009 1:00am Mar 11, 2009 1:00am
Quoting samer960
hi
the ea do not enter any position in backtesting ,this is my screen , is there anything i should do ?
thanks
hm..
1) what platform u r using?
2) back Test period?
3) is your expert/journal tab showing any error loading indicator?
  • #10
  • Mar 11, 2009 1:04am Mar 11, 2009 1:04am
hi
i am using ibfx and i am trying to backtest 2008 . nothing wrong in the journal
thanks
  • #11
  • Mar 11, 2009 1:13am Mar 11, 2009 1:13am
1) what platform u r using?
--> you are using IBFX...

2) back Test period?
--> you said 2008, here is my screen result for backtest.

3) is your expert/journal tab showing any error loading indicator?
--> you say no, so the only difference is the period.

try change the period as mine....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: backtest.JPG Size: 31 KB
Click to Enlarge Name: backtest1.JPG Size: 39 KB
  • #12
  • Mar 11, 2009 1:28am Mar 11, 2009 1:28am
thanks siobi it works now , strange why it didnt take 2008 . anyway thank you
  • #13
  • Mar 11, 2009 6:51am Mar 11, 2009 6:51am
+19 pip. EA close
Attached Image (click to enlarge)
Click to Enlarge Name: 20090311.jpg Size: 130 KB
  • #14
  • Mar 11, 2009 7:36am Mar 11, 2009 7:36am
Good morning. I still had no trads. Going to delete everything and start over with the new posts. Thanks for new thread siobi. Dan , send along new template complete with color manual and some snacks while reading. lol.
  • #15
  • Edited 8:20am Mar 11, 2009 7:37am | Edited 8:20am
Siobi, so far it seems ea is good at picking up on strong trends, in which case why only limit yourself to TP of 20 pips.

I know the downside of not using a TP is that if price reaches 20 then retraces, you only end up with 5 pips I think - with trailing of 15 anyway.
My thinking may be completely off though, as one trade doesn't prove anything, but wow!!!!:
(Max drawdown on this last trade was only -15 pips I believe - as has mostly been the case for the last previous trades, I believe. Max stoploss setting so far may be as low as 20 or 30. If that proves to be true, that would be something!!!) Someone with a faster computer may want to do an optimization. All my computers are older and stuffed full.

(At least one other account took in TP of 20 pips.)
Attached Image (click to enlarge)
Click to Enlarge Name: v104r7 3 11 09.gif Size: 55 KB
  • #16
  • Mar 11, 2009 7:38am Mar 11, 2009 7:38am
Quoting stifland
Good morning. I still had no trads. Going to delete everything and start over with the new posts. Thanks for new thread siobi. Dan , send along new template complete with color manual and some snacks while reading. lol.
Barbeque chips allright? LOL
  • #17
  • Mar 11, 2009 7:38am Mar 11, 2009 7:38am
Does EA adjust broker time automatically?

Thanks.

Quoting siobi
this EA can be trade in any session EXCEPT news session.

I choose Asian session because it is less news and ........... the most important I'm living in Asian country!!!! here is my time zone babe!!!

  • #18
  • Mar 11, 2009 7:52am Mar 11, 2009 7:52am
Siobi

As I am here in Japan, this seems like a good system for me to use.

Is this only effective in the Asian session and should be closed when the Tokyo market ends?

Also, do we leave the SL at 100? Seems a bit extreme?
Starting to see instead of just looking.
  • #19
  • Mar 11, 2009 8:15am Mar 11, 2009 8:15am
Still no trades! I hate to be a problem but it is very frustrating. I have other experts that work no prob. Any ideas? I am on fxdd.
billy
Attached Image (click to enlarge)
Click to Enlarge Name: notrade.gif Size: 21 KB
  • #20
  • Mar 11, 2009 8:26am Mar 11, 2009 8:26am
Quoting stifland
Still no trades! I hate to be a problem but it is very frustrating. I have other experts that work no prob. Any ideas? I am on fxdd.
billy
You may be allright now, since mine only took one trade about 2 1/2 hrs or so ago, probably when you were having that problem.

Do you get any messages, and what are all your settings?
It says "within trading times", but it's no "scalper" in the true meaning of the word, so a couple of trades per day only is about right.
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