Shiny15

MT4 indicators and template attached - Updated to version 1.5

This is an easy to use system that I'm working on. Other pairs and timeframes are untested. Please try it out and help me improve it!

Settings
EURJPY 15 minutes
Heiken Ashi - default (usually comes with MT4)
SSL - 20
LevelStop Reverse - Period 100, Multiplier 3, Smoothing 60
Laguerre RSI - Gamma 0.75, Levels 0.70 and 0.30
Extra Settings and Charts
Complex - Period1 15, D 2, Levels 5 and -5, Minimum/Maximum -25/25 (Warning: it is very slow to load at first)
EURUSD 15 minutes
USDJPY 15 minutes

Indicator Use
Heiken Ashi is similar to the candlestick chart but smoother, you don't have to use it but I consider it a component of the system. In the template provided it replaces the bar/candlestick/line chart. Note that the longer that wick is on the bottom of the candlestick, the stronger the downtrend and longer it is above the candlestick the stronger the uptrend. The wicks generally show the same highs and lows as a candlestick.
SSL is the faster indicator and like the Parabolic SAR in that it sits above the chart in a downtrend or below in a uptrend.
LevelStop Reverse is used for exits.
Laguerre RSI is the most important indicator and shows the overall trend, a long cross is up through 0.3 and should usually stay above 0.70 throughout the long trend. A short cross is down through 0.70 and should usually stay below 0.30 throughout the short trend. If you're experimenting, keep in mind that the default levels are 0.80 and 0.20.
Complex is usually in a range if the lines are between 5 and -5, might be a good time to tighten stops a bit.

Strategy
As far as I know, any time is a good time to trade, as long as the market isn't too slow or ranging. Just wait for SSL and Laguerre to line up and enter. If you missed the entry, it might be safe to get back in after the SSL crosses back in the right direction if it had crossed the other way.
For now I use a fixed stop loss of 50 pips, and move it up slowly as the trade progresses. I'm manually entering it 120 pips from highest high or lowest low reached during trade and occasionally tightening it a bit if the trade has gone on for a while.
I use the Heiken Ashi because I find it less alarming than regular a candlestick chart.
With the EURUSD and USDJPY charts, adjust them to have the same scale as eachother. The trade is usually better if they are both going in the same direction. So if the EURUSD and USDJPY are both going up, the Euro is going up and the Yen is going down then the trade will be of higher quality.

Images, click for full version
1. A screen from 1.5
http://img527.imageshack.us/img527/6...14smallfb6.gif

2. A screen from 1.4
http://img212.imageshack.us/img212/2641/9smallql8.jpg

It looks good.
Have you tried it on any other pairs?
Thanks

I'm working on some other pairs like cable and USDJPY, but for now I feel EURJPY on the 15 minute timeframe is the best. My broker has pretty good spread on it, 4 pips.

Thanks for sharing!

But 4 pips spread aren't pretty good.

Regards - Xaron

No problem, the spread is good compared to my MT4 anyway!

Hey if you guys downloaded the original template http://www.forexfactory.com/images/attach/tpl.gif j5000 shiny15.tpl, change the chart's volume color because it is the same as the background - fixed in http://www.forexfactory.com/images/attach/tpl.gif j5000 shiny15 1.1.tpl.

Hi Guys,

like the look of this one and I'd like to spend some time on it. Cheers shiny.
Problem: I'm a Tradestation user - so I've downloaded MT but for the life of me I can't attach your files. To save me bundles of time reading up, anyone help? PS...not very computer literate.
Thanx in advance
Dave

The first four files, ending in .mq4, are indicators. Just go to the folder of where you installed your MetaTrader. Usually programs want to install themselves to My Computer, C, Program Files [C:\Program Files]. For example if you have MT4 from North Finance like I do, the folder is [C:\Program Files\MetaTrader - North Finance]. Then you go to experts, then indicators. [C:\Program Files\MetaTrader - North Finance\experts\indicators]. This would be where to put these four indicator files. You're in the right direction if you're asked to replace the Heiken Ashi, because there should already be one there. The template, ending in .tpl, goes in [C:\Program Files\MetaTrader - North Finance\templates]

Thanx J
I'll give it a go

J5000,
Your system's got a 150 pip winner in progress

Hi J & bill,

up and running many thanks.
Will spend some time with this and report next week.
Cheers for now and enjoy your weekend
Dave

Cool, I just noticed
As per my style at the moment, my SL is at 158.58, in profit because I sold at 158.90. That's 32 + the 287 I took the other day (similar to the first chart I posted). I slept in between unfortunately

That's excellent, good weekend to you too!

hey J5000 that is really interesting system
QQE is really Filter the Lagurre i like that part a lot
i wish that u try to develop an Exit Signal for this system


~Walid

Yes, I think certain indicators filter each other out here really well. As I trade more I may be able to get us a good exit signal, but I mostly use my intuition for now. Good luck!

anyone,

why didn't close the trade at the yellow line, when QQE lines cross each other?


or what's the exit rule
thanks

That's the idea! Don't close until everything is lined up

but the everything was up until QQE crosses down 6 candles.

The SSL and QQE were lined up for a sell/close, but the Laguerre wasn't since it hadn't crossed the 0.75 line downwards.

thanks.

maybe i don't know.

how do you use the SSL? i thought it's the line that trails the candles.

thanks

Yes that is it. Its kind of like the Parabolic SAR, for a down trend it sits above the candles. Its supposed to be like an entry trigger, but you have to wait for a few candles because it can change its a lot. Just get a lot of chart time with the indicators and you'll see how they behave.
But its the weekend now, you have to see it in action