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Attachments: BO System? Here is "The Italian jOB"
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BO System? Here is "The Italian jOB"

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  • Post #1
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  • First Post: Edited May 20, 2015 7:21am Aug 16, 2014 8:01am | Edited May 20, 2015 7:21am
  •  ilMike
  • | Joined Jun 2014 | Status: Member | 55 Posts
Last Update 19 May 2015

Hi everyone, I'm Michael, I'm writing from Italy, so sorry for my bad english. I would like to share my personal strategy. I've did a lot of studies and with a simple methodology(because simple is better), I've created a very reliable strategy. Certainly I can't garantee "ever green" days, but with my strategy I can get an ITM range between 65% and 75%. Rarely, but it happens, it touch 50% of ITM.

I want to know what do you think about it and how you could filter out the wrong signals.

I named the strategy "The Italian jOB".

Important: This is the original one, the first strategy where we started. Then you'll find last update at the end of the post.

Quote
Disliked
What we need?
I trade with MetaTrader 4.

Indicators:
We set the classic Bollinger Bands on our classic candles chart.
Then we insert our BBRSI indicator. On this we will overlay the Stochastic indicator. In this way we will have two indicators in the same window.

For the BBRSI we have 2 levels that we keep: 30 (oversold) and 70 (overbought). We keep too the RSI at 14 and Bollinger Bands at 20-2.
Regarding the Stochastic, we modify the stock levels from 20 to 10 (oversold) and from 80 to 90 (overbought).

You can download all the indicators and template from here:
Attached File(s)
File Type: zip TheItalianjOB.zip   1.9 MB | 3,314 downloads | Uploaded May 19, 2015 5:02pm


Entry rules:

5 minutes trade on 1 minute TF. (but you can also try in different TF, less signal, better results)

Put entry:
_MT4 Stoch must be above the 90 level.
_RSI must be above the 70 level and over the Bollinger Bands.
_If at the closing the candle on our chart is beyond the Bollinger band, and all other conditions are met, make your entry immediately.

Call entry:
_Stoch Must be under the 10 level.
_RSI Must be under the 30 level and belove the Bollinger Bands.
_If at the closing the candle on our chars is belove the Bollinger band, and all other conditions are met, make your entry immediately.

And now some pics:

Attached Image (click to enlarge)
Click to Enlarge

Name: 1.jpg
Size: 826 KB

Attached Image (click to enlarge)
Click to Enlarge

Name: 2.jpg
Size: 728 KB

Attached Image (click to enlarge)
Click to Enlarge

Name: 3.jpg
Size: 759 KB


My results for the past week are the following:

EUR / USD London and NY session

Monday, 12 ITM - 2 OTM 85.71%
Tuesday 8 ITM - 3 OTM - 1 TIE 66.67%
Wednesday 12 ITM - 1 OTM 92.3%
Thursday, 10 ITM - 5 OTM - 1 TIE 62.5%
Friday 10 ITM - 5 OTM 66.67%

This results are similar every week.

If we operated away from the big news and we made attention to the NY opening, would be a step further.


----->NOW CHECK THE LAST UPDATE<-----

Thanks to Swingman we have all in a simple indicator, a really nice Matrix where we just need to wait all the signals. The best results are obtained on a 5 minutes TF with a 10 minutes expiry. Max successive loss registered from the system with this setup is 4 (5minTF-10minEXP), so you can think to apply a Martigale MM. Here is the last version
Attached File(s)
File Type: ex4 boItalianJob Matrix_v6.ex4   78 KB | 2,766 downloads | Uploaded May 19, 2015 5:21pm
.
You can also filter some bad signals with great indicator that some of you have post here...somewhere...

Swingman contribution
boItalianJob Stochastic_v1.ex4
Attached File(s)
File Type: ex4 boItalianJob Stochastic_v1.ex4   13 KB | 1,954 downloads | Uploaded May 19, 2015 5:27pm

Wulong contribution
NonLag stochastic nrp_mtf+alerts nmc.mq4
Attached File(s)
File Type: mq4 NonLag stochastic nrp_mtf+alerts nmc.mq4   11 KB | 2,040 downloads | Uploaded May 19, 2015 5:27pm




Again, sorry for my English...I would like to annouce that I'm working on something better e really powerfull.

I'll happy to give my contribute to those thinking to create an automated software.

Please do not hesitate to say what you think, hope to help someone...but please, try in demo!!!

Special thanks to SwingMan

Nice trade

Mike
  • Post #2
  • Quote
  • Aug 16, 2014 11:23am Aug 16, 2014 11:23am
  •  arlucad
  • | Joined Feb 2014 | Status: Take the complete responsibility | 579 Posts
is this strategie for binary options?
Everyday better.
 
 
  • Post #3
  • Quote
  • Aug 16, 2014 11:24am Aug 16, 2014 11:24am
  •  zhangshuo
  • | Joined Apr 2014 | Status: Member | 118 Posts
hi, thx for sharing! just some questions: where do you set your stop loss and take profit? And how do you manage the trade once you're in it? THX!

Shuo
 
 
  • Post #4
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  • Aug 16, 2014 11:53am Aug 16, 2014 11:53am
  •  ilMike
  • | Joined Jun 2014 | Status: Member | 55 Posts
Quoting arlucad
Disliked
is this strategie for binary options?
Ignored
Yes, BO means binary options. So no SL or TP.
 
 
  • Post #5
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  • Aug 16, 2014 2:52pm Aug 16, 2014 2:52pm
  •  royalfint
  • | Joined Aug 2014 | Status: Junior Member | 1 Post
Nice, will try in it on the demo!
 
 
  • Post #6
  • Quote
  • Aug 27, 2014 4:04am Aug 27, 2014 4:04am
  •  sugarman
  • | Joined Aug 2013 | Status: Member | 510 Posts
Hi Mike

Are you still trading this, I`m already trading a system like this and have now tweaked a little with yours. Trade BO 5mins sprint with IG rating around 75%.
Plan, Patience, Profit
 
 
  • Post #7
  • Quote
  • Aug 27, 2014 4:07am Aug 27, 2014 4:07am
  •  Orly
  • | Joined Nov 2012 | Status: Member | 395 Posts
You will never shut down the real Napster.

 
 
  • Post #8
  • Quote
  • Aug 27, 2014 5:35am Aug 27, 2014 5:35am
  •  maxwell-eqtn
  • | Joined May 2008 | Status: Member | 759 Posts
[quote=ilMike;7679088]{quote} Yes, BO means binary options. So no SL or TP.[/quote

Nice and impressive results!

What are your results for trading regular currency pairs in Forex?

Is your Stoch at 5,3,3?
 
 
  • Post #9
  • Quote
  • Aug 27, 2014 6:48am Aug 27, 2014 6:48am
  •  sugarman
  • | Joined Aug 2013 | Status: Member | 510 Posts
maxwell
my shoc setting is 14,3,3
Oh almost forgot, delete the BB in both windows they are not needed.
Plan, Patience, Profit
 
 
  • Post #10
  • Quote
  • Aug 28, 2014 6:16pm Aug 28, 2014 6:16pm
  •  SwingMan
  • Joined Aug 2007 | Status: Member | 2,563 Posts
Here is my small contribution to the system:
- Signal matrix with ADX filter
- (Bid + Ask) / 2 line
- Template
.
Attached Image (click to enlarge)
Click to Enlarge

Name: GBPUSDM1-ItaloJob2.png
Size: 43 KB
Attached File(s)
File Type: ex4 boItalianJob Matrix_v1.ex4   51 KB | 2,129 downloads
File Type: ex4 boBinaryBidAsk2Price_v1.ex4   5 KB | 1,995 downloads
File Type: tpl boItalianJob.tpl   7 KB | 1,936 downloads
GoldenCross Profit This Week: na
 
 
  • Post #11
  • Quote
  • Aug 28, 2014 6:51pm Aug 28, 2014 6:51pm
  •  Samuelkanu
  • | Joined Oct 2011 | Status: Member | 190 Posts
Wouldnt it be better if the conditions for entry are made into one indicator with alert so as to make it easier to follow ? Just my idea because to watch all the conditions to be met will be tiresome. Anyway subscribed.
 
 
  • Post #12
  • Quote
  • Aug 28, 2014 7:41pm Aug 28, 2014 7:41pm
  •  Ryder
  • Joined Mar 2010 | Status: Member | 473 Posts
Quoting Samuelkanu
Disliked
Wouldnt it be better if the conditions for entry are made into one indicator with alert so as to make it easier to follow ? Just my idea because to watch all the conditions to be met will be tiresome. Anyway subscribed.
Ignored
Swingman just put all the entry condition into one indi -- se his matrix indi two post above.
 
 
  • Post #13
  • Quote
  • Aug 28, 2014 10:03pm Aug 28, 2014 10:03pm
  •  vitzaza
  • | Joined May 2013 | Status: Member | 169 Posts
i check EUR USD TF 15M entry when BRSI and two others indicator start from the same direction, look interesting .
what ever it takes
 
 
  • Post #14
  • Quote
  • Edited Aug 30, 2014 7:47am Aug 29, 2014 5:46pm | Edited Aug 30, 2014 7:47am
  •  ilMike
  • | Joined Jun 2014 | Status: Member | 55 Posts
Hello everyone, I'm sorry but I have been quite busy. I am pleased that all you are interested in my system but I noticed that the template that I have attached in the first post, have a minor error: the BollingerBand must be set to 20-2, not 14-2 as template. Better if you set to 20-2.2 to filter some bad signal.


Quoting SwingMan
Disliked
Here is my small contribution to the system: - Signal matrix with ADX filter - (Bid + Ask) / 2 line - Template . {file} {image} {file} {file}
Ignored
SwingMan, simply thank you! You really did an amazing job and simplified everything for us all! With this tool, now I could make a more detailed test! I was able to improve the power of the basic strategy! Thank you very much! Maybe you can help us by adding a little thing that you'll find here now...it will be great!

Here's how I could improve the strategy, filtering several wrong signals:

_Edit the standard boItalianJob Matrix parameters like the follow image, in the specific set BB from 14-2 to 20-2.2 (so if you want, change them on your chart window too)

Attached Image (click to enlarge)
Click to Enlarge

Name: Matrix.jpg
Size: 198 KB


Add this to filter negative signals

_Create a new Stoch window with this setup: 12.3.3.
_optional: create another one stoch indicator with this parameters: 14,3,1 (this second is for a 2 minute trade strategy...then you will understand why)

Attached Image (click to enlarge)
Click to Enlarge

Name: template.jpg
Size: 1.1 MB


Strategy ONE
1 Minutes TF, 5 Minute trade:

Put entry:
_boItalianJob Matrix must generate all red signal, arrow included!
_New Stoch 12,3,3 must be above the 90 level.
_At the candle closing, only if all conditions are met, make your put entry immediately.

Attached Image (click to enlarge)
Click to Enlarge

Name: put-entry.jpg
Size: 812 KB


Call entry:
_boItalianJob Matrix must generate all green signal, arrow included!
_New Stoch 12,3,3 must be belove the 10 level.
_At the candle closing, only if all conditions are met, make your call entry immediately.

Attached Image (click to enlarge)
Click to Enlarge

Name: call-entry.jpg
Size: 882 KB


You'll find template and indicators attached

If the generated signals are too few for you, you can also try with this 2 minutes strategy:

Strategy TWO
1 Minute TF, 2 Minutes trade:

Put entry:
_New Stoch 12,3,3 must be above the 90 level.
_New Stoch 14,3,1 must to touch and close at the maximum level, so >=99 (major or egual)
_If at the closing the candle on our chart is beyond the Bollinger band(20-2.2), and all other conditions are met, make your put entry immediately.

Call entry:
_New Stoch 12,3,3 must be above the 10 level.
_New Stoch 14,3,1 must to touch and close at the maximum level, so <=1 (minor or egual)
_If at the closing the candle on our chart is beyond the Bollinger band(20-2.2), and all other conditions are met, make your call entry immediately.

example
Attached Image (click to enlarge)
Click to Enlarge

Name: call-entry-2minutes.jpg
Size: 816 KB


Obviously guys, don't trade in those days full of news. When there are strong news(3 bulls/red news), wait at least an hour before making a new entry trade.
Hope to help someone, but please, try it in demo before you risk your money. If you have some idea, please share!
Attached File(s)
File Type: zip TheItalianJob_v1.2.zip   2.6 MB | 2,369 downloads
 
 
  • Post #15
  • Quote
  • Aug 30, 2014 3:36am Aug 30, 2014 3:36am
  •  DifferTrader
  • | Joined Aug 2012 | Status: Born To Do Something Different | 338 Posts
looking good for scalping .... subscribed but need to check on trading day nice work ilmike
 
 
  • Post #16
  • Quote
  • Aug 30, 2014 4:11am Aug 30, 2014 4:11am
  •  SwingMan
  • Joined Aug 2007 | Status: Member | 2,563 Posts
Hi Mike,

if I'm not mistaken, they no longer want to have in the Matrix the signals of BBRSI?
GoldenCross Profit This Week: na
 
 
  • Post #17
  • Quote
  • Aug 30, 2014 4:33am Aug 30, 2014 4:33am
  •  ilMike
  • | Joined Jun 2014 | Status: Member | 55 Posts
Quoting SwingMan
Disliked
Hi Mike, if I'm not mistaken, they no longer want to have in the Matrix the signals of BBRSI?
Ignored
Hi SwingMan, thanks for your reply. BBRSI is a must, so please do not delete from the Matrix. At the original matrix we need to add another new stoch 12,3,3 so we can have less but better signal. Bollinger band on bbrsi still with the original setup, bollinger bands on chart must be 20-2.2. Hope that my explanation is clear now thanks for your support, I really appreciate!
 
 
  • Post #18
  • Quote
  • Aug 30, 2014 6:15am Aug 30, 2014 6:15am
  •  vvFish
  • Joined Feb 2012 | Status: Member | 5,970 Posts
Quoting DifferTrader
Disliked
looking good for scalping .... subscribed but need to check on trading day nice work ilmike
Ignored
Hi all, already checked yesterday on the American market, 90% of the wining trades.
Thank you for your system, trading on the news on the M1, in between boring, This is what works for me.
Only the price on the chart can show the entrance to the deal...
 
 
  • Post #19
  • Quote
  • Aug 30, 2014 7:55am Aug 30, 2014 7:55am
  •  ilMike
  • | Joined Jun 2014 | Status: Member | 55 Posts
IMPORTANT: Read the post 14 because i edited what i wrote before to make the strategy better to be understood.
 
 
  • Post #20
  • Quote
  • Aug 30, 2014 9:50am Aug 30, 2014 9:50am
  •  DifferTrader
  • | Joined Aug 2012 | Status: Born To Do Something Different | 338 Posts
Quoting vvFish
Disliked
{quote} Hi all, already checked yesterday on the American market, 90% of the wining trades. Thank you for your system, trading on the news on the M1, in between boring, This is what works for me.
Ignored
thats hearing good thought lets work it out
 
 
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