Code my system please: EUR-USD 2010 61 wins 2 losses 97%

I am looking for someone to code my system please. I have manually back tested my results from January 2010 - July 26, 2010. This system works on other currency pairs also but is taking forever to manually process all of the data. I have attached my excel report. I can adjust the % per trade right now I have it set at 20%. I would also be interested in anyone sharing ideas to compliment this system to keep the win % up and catch more pips or more ideas on stop losses. Thanks everyone. If you are interested in coding and working with me on this please email me directly: [email protected]

Hi

Can you please explain your system. Thanks

First things first, care to detail the system?

Cheers Buddy

Please load the Fisher indicator into your indicators folder. Open a eur/usd 4 hour chart and add the indicator to the chart. Also open psar with the default settings and also add to the chart.

Buy position: When the fisher indicator closing bar has closed above +0.25 and the Psar indicator has also closed below the closed bar ( this will be our trailing stop loss ), then open a buy position right at the open of the next 4 hour bar. It is very crucial it is done right at the opening of this bar. We are setting our take profit for +10 pips only. Our trades should profit very quickly. If we go into another open bar keep updating the new psar value as the trailing stop loss.

Sell position: same as the buy but reverse.

We will only have one trade running at a time. So lets say a buy position hit for profit. We would then wait for either the closed fisher bar to close below the +0.25 value to reset the trade and watch for the next closing fisher bar to close above +0.25 with the psar to open another buy trade. But if the fisher closes below the -0.25 value with the psar in its favor this would be a sell position.

I usually will use 10-20% per each new trade. With a +90% win ratio when a loss results as you see on my pdf file then you would trade the next series of trades @ 2 times the losing trades lot price.

For example if you trades @ .65 lot and it lost. Lets say it resulted in -$44 dollars. Then you would trade the next series of trades @ .65 *2 = 1.30 lot till the $44 is recovered. Then the next trade would start back at the % alloted per trade you have chosen.

I am also open to new and any ideas that could capture more pips ... but I love the winning % and the account growth is decent also.

This does test well on other currency pairs. I am currently working on Usd/jpy for its manual results. But to have this code and put on all 11 currency pairs this would average roughly about 8 trades per month per pair so 88 trades would compound huge. It is just difficult to wake up through the night every 4 hours hours and I have done this for some time now.

Enjoy and hope someone can help !!

Stephen

Please see attached screen shot of trade examples.

Can you explain what the trailing stop is used for if you are looking to make only 10 pips?

Thanks

Hi rhinocomp,
Thankyou for posting your strategy. Looks like a simple and clean system.
I will start forward testing.

As far as I know, this Fisher indicator is repainting!!!

The version of Fisher Yurik he is using should be the non repainting one.

Hi rhinocomp,
Do you re-enter in the same move if the rules are met again. Example, the rules are met for a long trade and you open your trade. The trade closes (doesn't matter in profit or loss). After the first trade is closed, the price retraces and the fisher indicator goes below .25. Few hour later, the price rebounds and fisher indicator closes above 0.25 again. If PSAR still agrees for a long trade, will you open a new position?

Yes forexmastery you are exactly right with the re entry of a long then another long position.

Fguru this indicator does not repaint : )

Finally even though we have a high % of winning trades I still want to make sure we protect our overall account. So I have been using the psar as a trailing stop if necessary to stop us out.

If anyone has other stop loss suggestions I would love to hear them.

Thanks everyone great questions.

forexmastery actually was thinking about your question. I use a 4 hour chart so yes if the trade completes .. then it retraces and has a closing bar below the +0.25 .. then lets say that 4 hours it moves and closes back above the +0.25 we would go long again.

Thanks rhinocomp,
Can you confirm whether you consider news announcements or not? Also, do you take a trade if there is a signal on the last candle before weekend or the first candle after the weekend?

that is the nice part about this system ... ignore the news releases. Yes I will also take the trade when the market closes on Friday and reopens on Sunday.

I can promise you that your martingale is detrimental to your bottom line.
It might look good for a while, but it will cost you profit.

Even if you avoid the account killer sequence for a time, you are being forced to risk fewer lots initially to allow for the possible doubling.

Hey Billbss thanks for the comment. I completly agree. We do not go beyond a double entry to follow your loss it stops their. This way with a high win % we can recover our loss quickly and move forward with profit.

Hey rhinocomp,
I took my first trade using your system and it closed in profit. The trade was on USDCHF opened at 10:00 AM US EST. Thankyou for sharing your system

your welcome !! Also remember if a certain currency pair has a loss only double up on that pair ... allow the other pairs to perform on their own until they have their own loss. Have a great day !!

Stephen McCarty

please remember also to test this paper trading till you are confident with live trading. I show really good results on the eur-usd .. until this is coded and we can back test and forward test this use caution on the other currencies pairs till we get more feedback from more members here. Thanks everyone !

just hit this pair for +10 ... great job everyone