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Best trading systems

  • #21
  • Jul 19, 2007 7:41am Jul 19, 2007 7:41am
Quoting Bill
Faith, if you want specifics, try a 5 and 13 EMA on close, when they cross wait for a clear full breakout candle then buy or sell based on mvt. Back test this method on a one hour chart and if you don't make a lot of money you should probably hold a cardboard sign at an intersection somewhere.
Is this for any pai or a specific pair????????
  • #22
  • Jul 19, 2007 8:18am Jul 19, 2007 8:18am
Quoting Bill
Faith, if you want specifics, try a 5 and 13 EMA on close, when they cross wait for a clear full breakout candle then buy or sell based on mvt. Back test this method on a one hour chart and if you don't make a lot of money you should probably hold a cardboard sign at an intersection somewhere.
Hi Bill

Thanks you for your explanation.

Can you tell me more about a "clear full breakout candle" (I mean how to define clear breakout)?

And, what is the full word of "mvt"?

Thanks again

Faith
Living needs faith!
  • #23
  • Jul 19, 2007 9:47am Jul 19, 2007 9:47am
A system is a work frame in which you structure your decision-taking process, but that's all. Common sense and patience are the "edge" everyone seems to be looking for in trading.

Just because your system says "long" it doesnt mean you should enter long. It means that entering long is a possibility here, but then you gotta apply your expertise as a trader (and your common sense as a human) in order to determine whether going long at that precise junction is actually a wise decision.
  • #24
  • Jul 19, 2007 11:00am Jul 19, 2007 11:00am
This is my "system" Method, approach, indicators, setup etc.

I look for as many reasons to place a trade as possible. The more reasons to trade the better.

For example:

1. Is the over all trend up or down
2. Has the macd and the Ma within the mcad crossed
3. Has the stoch crossed up or down and is it past the 20/80 line
4. Has the price just bounced off the ema's or gone through the ema's
5. Is the macd histrogram above/below the zero line

If I have 4 or more good reason to enter then I will.

If I get 3 reasons to trade then I will assess if it is worth while or not. The biggest factor will be am I trading with the trend. If so then I will be ok to trade 3 reasons.

I have been looking at this template for a while but just started to tweak it over the last few weeks.

See tempate below.

Happy trading

Billser
Attached File(s)
File Type: tpl the four reasons.tpl   2 KB | 627 downloads
It's All About Attitude ...
  • #25
  • Jul 19, 2007 11:10am Jul 19, 2007 11:10am
1. Over all trend is up
2. Price just bounced off the white ema
3. Macd ema crossed
4. Stoch crossed up
5. Macd Histogram is above zero
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.jpg Size: 72 KB
It's All About Attitude ...
  • #26
  • Jul 20, 2007 3:41pm Jul 20, 2007 3:41pm
thanks blue i really appreciate it
tasse

Quoting blueruby
The thread is here.

http://www.forexfactory.com/showthre...es16#post17907

If you want more, click on the "James16 group" emblem in the signature line to go to the website for the paid group.
  • #27
  • Nov 13, 2007 8:06pm Nov 13, 2007 8:06pm
Quoting Bill
Faith, if you want specifics, try a 5 and 13 EMA on close, when they cross wait for a clear full breakout candle then buy or sell based on mvt. Back test this method on a one hour chart and if you don't make a lot of money you should probably hold a cardboard sign at an intersection somewhere.
hi bill,

have a question on your post.

you mention "mvt." could you email me or just post here what mvt is. i've been trying to figure it out and can only think velocity of money flows, MVt.

or maybe, simply, directional "movement."

kind regards, buddhi
realize the universe is one thing, and attach it to your body
  • #28
  • Nov 13, 2007 8:52pm Nov 13, 2007 8:52pm
Studying price action on candle charts is the only way to go.

When you finally decide to begin the education process in the markets what is the first thing you are suppose to do? Learn fundamentals and technicals right?

So you read everything out there about macd, bands, averages, rsi, oscillators, etc., etc. Maybe even buy a few scam systems that are too good to be true. You finally get to the point where you know every indicator ever created and plot your charts with this weeks favorite system.

Unfortunately all too often it simply doesn't work and you lose money.

In my opinion the best system happens to be the simplest one. Technicals are great for a reference or confirmation but i like my charts clean. Reading everything here about price action is the only way to go.
History is written by the victors.
  • #29
  • Nov 13, 2007 10:35pm Nov 13, 2007 10:35pm
The best trading system is your brain
"Invest With The Insiders, Not The Masses" George Muzea
  • #30
  • Apr 26, 2010 9:13pm Apr 26, 2010 9:13pm
Quoting buddhi
hi bill,

have a question on your post.

you mention "mvt." could you email me or just post here what mvt is.

ok, took awhile, but i got it. mvt = "movement"
realize the universe is one thing, and attach it to your body
  • #31
  • Apr 26, 2010 11:49pm Apr 26, 2010 11:49pm
Quoting buddhi
ok, took awhile, but i got it. mvt = "movement"
wow it took you almost 3 years to work that out, for a very dumb method!!
  • #32
  • Edited 6:00am Apr 27, 2010 12:39am | Edited 6:00am
Hi StrangeMartian
I recently found out a very profitable EA/Optimization combination but dunno if this thread is about manual systems only so I'm hesitating about posting it
But if you or anyone else is interested please let me know and I will
Cheers!
  • #33
  • Apr 27, 2010 5:29am Apr 27, 2010 5:29am
Well now you've said you just gotta spill the beans!
Tell us more.
  • #34
  • Apr 27, 2010 6:24am Apr 27, 2010 6:24am
Sure thing six gun

EA used: MA_cross_Method_PriceMode by Duke3D [attached]
My settings are: [attached]
JPY H1 with MA1_Period = 12, MA2_Period = 44, default for the rest

Backtesting Results:
I use high quality 1 min data from fxdd 90% modeling
I use a different way of testing than most here in the forum
I tested individually on 40 months from DEC06 to MAR10

Initial Deposit: 500$
Percentage of winning months: 68%
Average Net Profit per month [inc. losses by losing months]: 218$
Percentage of months where Balance < 250$ : 15% [6 over 40]

I choose the minimum deposit amount to better assess risk
I test individual months simply because I think that the order of the events/patterns happening during several years renders the testing very specific to one particular sequence
Therefore breaking the sequence and taking months individually increases the sampling quality

Attached are the results details
For those who prefer the "traditional" way of testing I've also attached back-to-back straight test results for DEC06-MAR10
Cheers!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: MA Cross Backtesting by DC.jpg Size: 97 KB
Click to Enlarge Name: MA Cross Backtesting Graph by DC.jpg Size: 57 KB
Click to Enlarge Name: MA Cross Backtesting Straigh Test by DC.jpg Size: 58 KB
Attached File(s)
File Type: mq4 MA_cross_Method_PriceMode.mq4   8 KB | 502 downloads
File Type: zip ma cross set by dc.zip   < 1 KB | 434 downloads
  • #35
  • Last Post: Jul 15, 2010 7:55am Jul 15, 2010 7:55am
on which currency pair did you test this ? USDJPY ?
Twitter: @forexpokerpro
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