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Attachments: My Trend Following
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My Trend Following

  • #61
  • Edited 11:17am Nov 14, 2017 10:47am | Edited 11:17am
Quoting alexf82
@Sriloba One more question ... i hope the last in H4 the Indi change in realtime the Color! At the moment, the EA looks at the last closed bar. I think, in case of EMA is this ok, but what is with MACD and Stoch? Should it better to look at the actual bar instead the last closed??
Hi,

H4

The MAs are crossover and confirmed by the macd and stochastic then the new trend is born. As long as the current trend doesn't change even macd or stochastic go up and down it doesn't matter. Because these 2 indicators use to confirm the MAs crossover only. Once the trend is confirmed then we don't care these 2 indicators behaviors. You can omit macd and stochastic in your EA.

If you have doubt then keep asking me. No problem.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #62
  • Nov 14, 2017 11:26am Nov 14, 2017 11:26am
Hi,


I have made the charts more clean. I have removed the MAs on price window but you can see them crossover on Fxtrendband MTF indicator.




Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 108 KB
Attached File(s)
File Type: tpl MySystemForex(Simplified).tpl   7 KB | 366 downloads
File Type: rar ComeSurfingFxWithMe_Indicators.rar   177 KB | 440 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #63
  • Nov 14, 2017 11:27am Nov 14, 2017 11:27am
Hi,

OK thank you!

When will the trend in H4 be invalid? When the next EMA Cross occurs?

Sorry for the many questions, but I would like to adjust the EA as exactly as possible to your system and there are often just such minor things!
  • #64
  • Nov 14, 2017 11:30am Nov 14, 2017 11:30am
Quoting alexf82
Hi, OK thank you! When will the trend in H4 be invalid? When the next EMA Cross occurs? Sorry for the many questions, but I would like to adjust the EA as exactly as possible to your system and there are often just such minor things!
Hi,

You got it. The trend will be invalid when the MAs crossover occurs and confirmed by macd and stochastic.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #65
  • Edited 3:58pm Nov 14, 2017 3:16pm | Edited 3:58pm
Thank you very much!!

summarized:
H4 signal loses its validity with the new H4 Cross

H1 CCI loses the validity of the H4 Cross and on reaching the other side -100 -> 100 and vice versa

The EA is looking at the loading now the last 30 candles in H4 after the last EMA Cross. So you do not have to wait for the next H4 Cross when loading the EA.

Also, when loading the EA, the last 8 candles are searched for the CCI 100 / -100 matching the H4 trend.
I currently search only 8 candles, because I think that if the signal is too old, the hit rate will fall sharply !?

@Sriloba
Validity of the signal correct? Something missing?

How do you get out of your trade? Only with TP at the Round Numbers 50 or 00?
or when you exit the trade?
Exit at the New EMA Cross in M15 !?
or how you handle your trade?


New Version:
"Version 1.20"
Attached File(s)
File Type: ex4 MySystemForex.ex4   18 KB | 424 downloads
  • #66
  • Nov 14, 2017 4:13pm Nov 14, 2017 4:13pm
Quoting alexf82
Thank you very much!! summarized: H4 signal loses its validity with the new H4 Cross H1 CCI loses the validity of the H4 Cross and on reaching the other side -100 -> 100 and vice versa The EA is looking at the loading now the last 30 candles in H4 after the last EMA Cross. So you do not have to wait for the next H4 Cross when loading the EA. Also, when loading the EA, the last 8 candles are searched for the CCI 100 / -100 matching the H4 trend. I currently search only 8 candles, because I think that if the signal is too old, the hit rate will fall...
Hi,

For me I exit my trade when TP reached 20 pips.

You can exit the trade at the pivot level.

Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #67
  • Nov 15, 2017 1:07am Nov 15, 2017 1:07am
Quoting sriloba
This week I have put 3 trades so far. All were winners. 2 counter trend and 1 with the trend. The 2 counter trend trades I won't post in this thread because it might put the people confused. This thread is concentrated only on the trend following with the trend. Sai Ram {image}

Thank you Sai, I enjoy your style and your availability to give away.

Do you think about opening another thread with your counter trend thinking ?
  • #68
  • Nov 15, 2017 5:52am Nov 15, 2017 5:52am
Hi,

Today I will show you how to to trade with the retracement occurred on M15. It isn't a high probability trade. But I consider a second high probability after the retracement occurred on H1. Both retracements I use in my analysis since I created the system (trend following).



Stay tune!


Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #69
  • Edited 7:10am Nov 15, 2017 6:18am | Edited 7:10am
Hi,

Wait for the retracement on M15


LONG TRADE

H4: Up Trend

H1: CCI must be below 0 level

M15: Wait for 5/10 ema cross down + macd < 0 + AO < 0 ---- Retracement

Go LONG when 5/10 ema cross up and confirmed by macd>0 + stochastic cross up + AO is below zero then increases the values.


The same analysis of the SHORT TRADE but in the opposite of the LONG TRADE



Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 110 KB
Being a fxtrader is not easy. Ones must working hard.
  • #70
  • Nov 15, 2017 7:15am Nov 15, 2017 7:15am
Quoting forexcentric
{quote} Thank you Sai, I enjoy your style and your availability to give away. Do you think about opening another thread with your counter trend thinking ?
Hi,

The counter trend is a short live. It is very risky for those who are less than 3 years in forex.

I use the counter trend one in the while when I saw clearly the key levels of R/S.

Trade with the trend is a high probability of success.



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #71
  • Nov 15, 2017 7:33am Nov 15, 2017 7:33am
We just need one indi macd 12 26 9 settings and we can do the trade quite easily . keep a minimum sl depending upon the pair. looking for some help to code it into EA .

skype id unimakFF
  • #72
  • Nov 15, 2017 8:49am Nov 15, 2017 8:49am
Sriloba, Thank you so much for your system. I just installed the simplified version which is now different from the initial one at post 3. The entry rule is not the same as what you put in the word document in post 3. Kindly explain the entry rules for lond and short trades. I am not clear since the moving averages have been removed in the simplified version. Thanks in anticipation.
  • #73
  • Edited 9:42am Nov 15, 2017 9:05am | Edited 9:42am
Quoting pipinfrank
Sriloba, Thank you so much for your system. I just installed the simplified version which is now different from the initial one at post 3. The entry rule is not the same as what you put in the word document in post 3. Kindly explain the entry rules for lond and short trades. I am not clear since the moving averages have been removed in the simplified version. Thanks in anticipation.
Hi,

You can follow the rules described in the DOCX . It is a high probability of trade. You can also follow the fxtrenband mtf for the MAs crossover.

My daughter forgot her lunch at home. Have to bring it to her at school.

I'll be back in the few minutes



Sai Ram
Being a fxtrader is not easy. Ones must working hard.
  • #74
  • Nov 15, 2017 9:51am Nov 15, 2017 9:51am
Hi,

Once you excelled the strategy long enough so we can talk about the compounding of the small live account like $250 usd.

MySystemForex can make a compounding easily. Because we take only the high probability of setup. So the rules described in the DOCX is very primordial to follow closely.

I have in mind how to do the compounding of the small account. I will give away in the near future.

The ExCel paper attached is only a draft copy.

Stay tune !



Sai Ram
Attached File(s)
File Type: xlsx compounding2018.xlsx   33 KB | 451 downloads
Being a fxtrader is not easy. Ones must working hard.
  • #75
  • Nov 16, 2017 10:04am Nov 16, 2017 10:04am
Hi,

Today I want to show you that even I follow the rules properly I still lose trade.

Let see ....


H4: The trend is up

H1: CCI was below -100. Price pulled back at CPP

M15:
5/10 ema cross up confirmed by macd>0, stochastic was trending up and AO was below zero then increased its value.

Unfortunately, SL was reached and exited with -22 pips.

From now on, I will post only my failed trades. Because we can learn something even following the rules but still losing trades.


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 120 KB
Being a fxtrader is not easy. Ones must working hard.
  • #76
  • Nov 17, 2017 7:38am Nov 17, 2017 7:38am
Hi,


Another small loss not on strategy but on other point that had been bother me long ago.

EURUSD

H4: The trend was up and I looked to buy on the LTFs.

H1: CCI was below 0

But this time I entered on M30.

M30: CCI was below -100, MBFX Time was below 30 and HAT was blue. Entered a trade at closed on candle 11:00 am GMT.
SL@the most recent low and TP 20 pips from the entry then I went to bed. At the time I knew there will be US NEW releases at 8:30 am ET.
We can see that my trade went +17 pips not enough to reach my TP then US new at 8:30 am ET released and my SL was hit with -12 pips.

At the end I can say that my technical analysis is correct but the problem I can not wake up on time. Today my daughter has no school.

So this week 4 trades 2 wins and 2 loss. The 4 trades were traded with the trend. You can see the trend following is very easy to grab green pips.

See you next week!!


Sai Ram
Attached Image (click to enlarge)
Click to Enlarge Name: chart1.png Size: 122 KB
Being a fxtrader is not easy. Ones must working hard.
  • #77
  • Nov 18, 2017 1:27am Nov 18, 2017 1:27am
Quoting kkieren99
I have created three more indicators which look for the signals from sriloba's indicators. Place the respective indicator on the charts and wait for all charts to indicate green or red. Pretty easy. Do you guys like this? {file} {file} {file}
Hi, it seems to be perfect, question is...each indi should be placed on certain TF?
  • #78
  • Nov 18, 2017 7:32am Nov 18, 2017 7:32am
Quoting alexf82
Thank you very much!! summarized: H4 signal loses its validity with the new H4 Cross H1 CCI loses the validity of the H4 Cross and on reaching the other side -100 -> 100 and vice versa The EA is looking at the loading now the last 30 candles in H4 after the last EMA Cross. So you do not have to wait for the next H4 Cross when loading the EA. Also, when loading the EA, the last 8 candles are searched for the CCI 100 / -100 matching the H4 trend. I currently search only 8 candles, because I think that if the signal is too old, the hit rate will fall...
Alex,

The EA did good for me this week. One question I have is that a couple of long trades triggered when the 4h was in a downtrend. Is this correct?
  • #79
  • Nov 20, 2017 10:51pm Nov 20, 2017 10:51pm
hi bosemann,

did you have one or two examples?

on the left side in chart, you have
Buy-Signal H4: 0/1 -> 1 means H4 is in a Uptrend
Buy-Signal H1: 0/1 -> if "Buy-Signal H4" is 1. the ea look for the cci signal on H1. if this is correct, this turn to 1 an the EA is ready to open order in M15-> normaly only long!
Buy-Signal H4H1: 0/1 -> if "Buy-Signal H4 is 1. the ea looks on H1 for the second trade option, as from sriloba written. entry at H1
same for Sell.

So, when you think, there is an downtrend and the ea opens long, check first these parameter.
maybe you can post an screen of all 3 charts, so we can look.
  • #80
  • Nov 21, 2017 5:18am Nov 21, 2017 5:18am
Quoting alexf82
hi bosemann, did you have one or two examples? on the left side in chart, you have Buy-Signal H4: 0/1 -> 1 means H4 is in a Uptrend Buy-Signal H1: 0/1 -> if "Buy-Signal H4" is 1. the ea look for the cci signal on H1. if this is correct, this turn to 1 an the EA is ready to open order in M15-> normaly only long! Buy-Signal H4H1: 0/1 -> if "Buy-Signal H4 is 1. the ea looks on H1 for the second trade option, as from sriloba written. entry at H1 same for Sell. So, when you think, there is an downtrend and the ea opens long, check first these parameter....
If I see the charts acting strange again, I will try to post. So far the EA is working good as for as win to lost trades.

Thanks
Tom
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