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Please suggest a simple & effective Method/System of "Trading System" Forum to newbie 180 replies

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Attachments: Price Action with Indicators! ~The Freebie Newbie BOLOSO System~
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Price Action with Indicators! ~The Freebie Newbie BOLOSO System~

Quoting fugio
I will wait to test your ea; too!
fugio:
Hey, I am still working on the Freebie EA over at the other thread. So it may take a while. You may want to try out the other one.
I forget the link but u can find it in the recycle bin.

Just read the last post which was done today 2/12/2016. That has the latest EA and indicator.

Once I am done, then I'll take this one on. This one should be ALOT easier than the other one. So I don't expect to take much time developing this one and having it work just like Dredding had it working.
Our AWESOME IMAGINATION is the true holy grail!
Folks:

I am just about done with the EA and indicator. I just need to test a couple of things and set the pending order time duration.
The EA and indicator will allow you to pick if u want it to check the for upper TF Trend automatically, manually or if u don't want it, ignore the upper TF trend.
Below is a sample of the indicator at work. The arrows you see point to the spot where the 3sema and zzdot meet. These would be where the PENDING order are placed. Of course the STOP LOSS would be placed on the previous ZZ sema dot.

On the 1st chart I have the indicator ignoring the upperTF Trend so you get ALOT OF Pending Order entries .
The 2nd picture is where I active the upperTF trend Detection... less arrows and only pending orders in the direction of the trend (Long in this case)
And of course RED ARROW = SELL PENDING ORDER. GREEN ARROW = BUY PENDING ORDER.

Stay tuned . All ideas on MM and how to handle OPEN PENDING ORDERS that are not FILLED are WELCOMED
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BOLOSO_indiTest.jpg Size: 284 KB
Click to Enlarge Name: BOLOSO_indiTest_wTrend.jpg Size: 297 KB
Our AWESOME IMAGINATION is the true holy grail!
Testing EA.

Simple setup. AUDUSD, 15min TF, Risk is set to 5% per trade, upper TF trend is ignored.
EA places pending order and waits. No new pending orders are generated until that last pending order is filled and that trade is closed
This test is from Jan 1, 2015 thru Mar 12, 2016
Notice the number of trades... very small
Attached Image (click to enlarge)
Click to Enlarge Name: BOLOSO_v0_EA_TEstJan2015_Mar2016.png Size: 10 KB
Our AWESOME IMAGINATION is the true holy grail!
More Testing.
Same settings as above. Except this time I only allow the stop loss to be 50 pips or less
Same time frame Jan 2015 - Mar 12, 2016

Charts are in this order
AUDUSD, EURUSD, GBPUSD, EURAUD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: BOLOSO_v0_EA_Test_Jan2015_Mar2016_twk1.gif Size: 10 KB
Click to Enlarge Name: BOLOSO_v0_EA_Test_Jan2015_Mar2016_EURUSDtwk1.gif Size: 11 KB
Click to Enlarge Name: BOLOSO_v0_EA_Test_Jan2015_Mar2016_GBPUSDtwk1.gif Size: 10 KB
Click to Enlarge Name: BOLOSO_v0_EA_Test_Jan2015_Mar2016_EURAUDtwk1.gif Size: 10 KB
Our AWESOME IMAGINATION is the true holy grail!
Superpmf:
Are u around?? I'll have skype on... u can find me as xmess777
Our AWESOME IMAGINATION is the true holy grail!
Yeah...I'm around. I don't have Skype though. Can we trade phone numbers? Send me yours thru yahoo
Quoting Superpmf
Yeah...I'm around. I don't have Skype though. Can we trade phone numbers? Send me yours thru yahoo
Check yer email....
Our AWESOME IMAGINATION is the true holy grail!
BOLOSO Indicator v0

Here's the indicator so u can start testing against manual trades. Any questions on inputs, should be straight forward, let me know.

Will have EA ready as soon as I clean up the inputs.
Attached File(s)
File Type: ex4 xm7_FreebieBOLOSO_Indicator_v0.ex4   121 KB | 481 downloads
Our AWESOME IMAGINATION is the true holy grail!
Quoting xmess7
BOLOSO Indicator v0 Here's the indicator so u can start testing against manual trades. Any questions on inputs, should be straight forward, let me know. Will have EA ready as soon as I clean up the inputs. {file}
Keeping thread alive
Our AWESOME IMAGINATION is the true holy grail!
Quoting xmess7
More Testing. Same settings as above. Except this time I only allow the stop loss to be 50 pips or less Same time frame Jan 2015 - Mar 12, 2016 Charts are in this order AUDUSD, EURUSD, GBPUSD, EURAUD {image} {image} {image} {image}
This is not enough backtest data, you will need something like 5+ years. There is something called data mining bias, think of it like if you roll a dice and get the same number 3 times in a row, that is pure chance and you can't tell if the dice is unfair, but if you get the same number 10, 20, or even 30 times then it isn;t just luck.
Quant Trader - My Blog: quantstop.blogspot (dot) com
Quoting aroxalot
{quote} This is not enough backtest data, you will need something like 5+ years. There is something called data mining bias, think of it like if you roll a dice and get the same number 3 times in a row, that is pure chance and you can't tell if the dice is unfair, but if you get the same number 10, 20, or even 30 times then it isn;t just luck.
aroxalot:
Welcome, head over to the Freebie thread, That's were we are working out the BOLOSO EA. BTW I ahve been trading with it since March on a live account. So far so good. We are still working on it but it should be done soon.


http://www.forexfactory.com/showthread.php?p=8948689

Jess
Our AWESOME IMAGINATION is the true holy grail!
Quoting dkrock
Hello everyone. Lyall is an old friend of mine and he suggested I look at this system. This system appears to be driven by pivot points. Using zigzag you can find intraday pivot points to place trades against. Personally, since this is all you are using, and you are not trading the actual zigzag but rather a point above/below the previous zigzag, I would not necessarily use zigzag points. I would divide the candles by market hours and use the high/low of the market session as the pivot point. This will provide you less false signals as a newbie....

Hi would you mind sharing the T D POINTS AND LINE AUTO INDICATORS with me?

I would appreciate.

Thanks in advance
Quoting kenyananize
{quote} Hi would you mind sharing the T D POINTS AND LINE AUTO INDICATORS with me? I would appreciate. Thanks in advance
Here you go.

[attach]TD_Points&Line_Auto circle change.mq4[/attach]
Attached File(s)
File Type: mq4 TD_Points&Line_Auto circle change.mq4   10 KB | 420 downloads
You cannot be extraordinary by being normal
Quoting dkrock
{quote} Here you go. 4 {file}
thanks alot, GOD bless.
Quoting dkrock
Hello everyone. Lyall is an old friend of mine and he suggested I look at this system. This system appears to be driven by pivot points. Using zigzag you can find intraday pivot points to place trades against. Personally, since this is all you are using, and you are not trading the actual zigzag but rather a point above/below the previous zigzag, I would not necessarily use zigzag points. I would divide the candles by market hours and use the high/low of the market session as the pivot point. This will provide you less false signals as a newbie....

Thanks alot for this information. It is hidden treasure
Quoting StudentX27
Anybody still trading this system? I am trading it on 1H timeframe with top trend on 4H and D time frames to make sure I only take trades in the direction of the trend. I am live since 2/Feb/2015 and so far the system look very "antifragile". Anyone else trading the same time frame?
Its great to see that you are trying a short term strategy. I am very hesitant to act unceasingly on my decisions without exploring much expert advice.
In my parents tongue. I am an "Onsiowo" which in the Yoruba language is a former businessman!
Hi everyone,

Im new to this forum and this is the first system thats been actually giving me consistent profits. I write to say this that there are so many systems out there and you have to DECIDE and stick to one until you master it. Its like test driving and car and always choosing a new one.. which will you pick!? ..

Anyways, i am curious to know if anyone has an updated Freebie MTF indicator. That display multiple time frame trends in one chart. Like @Luigicandle had in her screenshots.

- Akizama
Quoting akizama
Hi everyone, Im new to this forum and this is the first system thats been actually giving me consistent profits. I write to say this that there are so many systems out there and you have to DECIDE and stick to one until you master it. Its like test driving and car and always choosing a new one.. which will you pick!? .. Anyways, i am curious to know if anyone has an updated Freebie MTF indicator. That display multiple time frame trends in one chart. Like @Luigicandle had in her screenshots. - Akizama
Isn't it funny that this thread is in recycle bin?. Hm...
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