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The Simple System

  • #1
  • First Post: Nov 28, 2007 6:20am Nov 28, 2007 6:20am
After a lot of reading and learning on this forum i started to think that trading is much simpler than we traders think. The past year i focussed on trading the simplest way that i could and i think that i found something.
First. This is not a conventional system. There is no indicators involved and entrys and exits are fixed. Stops are fixed although rarely hit. I have never read somewhere that something like this is traded. I have bought my share of junk and also nothing there. If somebody is trading this then it is probably the best kept secret in forex. To trade this successfully you will need a total mindshift regarding trading. That said, i am not goiing to give the details of the system here. I will be torn to pieces by some traders and this system will die even before it had a chance to prove itself. However, i will ask for 5 traders wich i will share the system with and see what happens then. Please feel free to PM me

Eben
  • #2
  • Nov 28, 2007 6:28am Nov 28, 2007 6:28am
G/J is the only currence that i trade with this system. The method is quite simple. The trick is in MM.

Although the amount of pips gained is irrelevant with this system i will mention it here. The most important factor is the growth of the acc.

OK. This system has withstood the recent drop in G/J and we had actually capital growth as well.

Currently for the day we are up 200 pips with outstanding orders on the following levels.

234.40 = 12 orders
233.30 = 11 orders
232.20 = 10 orders
231.10 = 7 orders
226.70 = 1 orders
  • #3
  • Nov 28, 2007 9:49am Nov 28, 2007 9:49am
May I recommend a Pascal's triangle if you are going to MM like that? It's a much more optimized method of MM.
google:
  • #4
  • Nov 28, 2007 10:01am Nov 28, 2007 10:01am
Quoting twoblink
May I recommend a Pascal's triangle if you are going to MM like that? It's a much more optimized method of MM.
Lol . I have to admit i dont know that. I have to read up on it. Thank you for the suggestion.
  • #5
  • Nov 28, 2007 10:05am Nov 28, 2007 10:05am
Ok

Price reached target od 226.70. Weekly growth 0.46%.
Orders

234.40 = 12 orders
233.30 = 11 orders
232.20 = 10 orders
231.10 = 7 orders
227.80 = 1 orders
  • #6
  • Nov 28, 2007 2:12pm Nov 28, 2007 2:12pm
Quoting Ebenst
Lol . I have to admit i dont know that. I have to read up on it. Thank you for the suggestion.
I have read a bit on this. Thanks for the suggestion but i do not think it will work with this strategy. IMHO i think that i have simplify this mm to a level where it is easy to understand and implement. I must however say that i am not a mathmatician and i hope i am wright in this assumption

regards

Ebem
  • #7
  • Edited 12:40am Nov 30, 2007 12:39am | Edited 12:40am
I have started explaining the system to a few traders and together with my own trading it does take up a lot of time. I have realised again that it is not someting easily explained here in a few posts. I wiil however try to collect my thoughts and put it all in a word document.

Update

Since price is bouncing around i can not give feedback here everytime something happens. I will however put all the negative trades in here as well.
A negative trade is where i am stopped out, ( not very likely ), or where i close trades manually( this will happen daily depending on your balance.

Weekly growth = 0.78%
Orders in the market

234.40 = 12
233.30 = 11
232.20 = 10
231.10 = 7
228.90 = 1
227.80 = 1
  • #8
  • Dec 1, 2007 3:32am Dec 1, 2007 3:32am
I have completed a very rough document on this system. I know there is goiing to be a lot of questions regarding the MM. Please ask away. I am also open to take whatever is coming, as long it can only better this system.If this is not for you please refrain from negative comments and trade what you are comfortable with.
Attached File(s)
File Type: doc The Simple System Manual.doc   30 KB | 612 downloads
  • #9
  • Dec 1, 2007 3:49am Dec 1, 2007 3:49am
My apology to Snobol1. I just notice you have already a thread called The Simple System. I will contact the moderators and try to change the name of this thread.

Eben
  • #10
  • Dec 1, 2007 6:45am Dec 1, 2007 6:45am
Hi Ebenst.

Thank you very much for sharing your system.
I enjoy reading about new ideas for systems and MM even if i am not always planning to trade it.
I feel i can never learn enough. I guess you know the feeling..?
I don't fully understand your system yet but i have to admit i have only been reading trough it a couple of times so maybe i get it if i read it some more times.
Anyway i am sure i have the basic idea of it.
But before i spend more time study it there is one thing i have to ask.
In you doc you talk about "TP and S/L". I guess you are talking about TP=Target Point and S/L=Stop Loss, right?
Quoting Ebenst
Although there is a TP and S/L you will find that you might TP several times a day at various levels and still be in other trades.
And that is what i don't understand.
As far as i can see that is the only time you say anything about stop loss (if that is what S/L is)
But maybe the reason i am missing something is that i am trading at Oanda (and i always have) so i am not used to other platforms with other names for different type of orders, i am not sure.
For example Oanda only have Market Orders, Limit Orders, Stop Loss and Take Profit.
They don't have anything called "Buy Stop" just to give a example.
So maybe that can be the reason i don't fully understand your system and that i don't see anything more in your doc about Stop Loss.
I hope you can clear this up for me if you have some time please but no hurry.

Thank you very much in advance.

Friendly regards
Arctic4x
  • #11
  • Dec 1, 2007 9:06am Dec 1, 2007 9:06am
Quoting Arctic4x
Hi Ebenst.

Thank you very much for sharing your system.
I enjoy reading about new ideas for systems and MM even if i am not always planning to trade it.
I feel i can never learn enough. I guess you know the feeling..?
I don't fully understand your system yet but i have to admit i have only been reading trough it a couple of times so maybe i get it if i read it some more times.
Anyway i am sure i have the basic idea of it.
But before i spend more time study it there is one thing i have to ask.
In you doc you talk about "TP and S/L". I guess you are talking about TP=Target Point and S/L=Stop Loss, right?And that is what i don't understand.
As far as i can see that is the only time you say anything about stop loss (if that is what S/L is)
But maybe the reason i am missing something is that i am trading at Oanda (and i always have) so i am not used to other platforms with other names for different type of orders, i am not sure.
For example Oanda only have Market Orders, Limit Orders, Stop Loss and Take Profit.
They don't have anything called "Buy Stop" just to give a example.
So maybe that can be the reason i don't fully understand your system and that i don't see anything more in your doc about Stop Loss.
I hope you can clear this up for me if you have some time please but no hurry.

Thank you very much in advance.

Friendly regards
Arctic4x
buy stop is buy limit order.
  • #12
  • Dec 1, 2007 9:26am Dec 1, 2007 9:26am
Quoting findcount
buy stop is buy limit order.
Thanks.
Yes i was 99% sure it was the same because i often see people talk about it in situations like that, but that still do not explain the question about the stop loss.

Arctic4x
  • #13
  • Dec 3, 2007 11:15pm Dec 3, 2007 11:15pm
Hi Arctic 4x

The stop loss is ther efor emergency only. Mine got hit last month when price dropped 1200 pips in one day. At that stage i traded with a risk factor of 10. I immediatly chabged to a risk factor of 30. This means that price has to fall 3000 pips very fast before i am stopped out afain. And then it will only be on 1 orderset and not all the trades. Hope this help.

Due to server upgrades i am posting the document again

Eben
Attached File(s)
File Type: doc The Simple System Manual.doc   30 KB | 575 downloads
  • #14
  • Dec 24, 2007 7:52pm Dec 24, 2007 7:52pm
@twoblink

How do you apply the triangle to MM? Is it by using the coefficient?
  • #15
  • Dec 25, 2007 9:37am Dec 25, 2007 9:37am
Quoting pegasus95s33
@twoblink

How do you apply the triangle to MM? Is it by using the coefficient?
http://www.forexfactory.com/showthre...13#post1772513

I've answered it there..
google:
  • #16
  • Dec 25, 2007 7:30pm Dec 25, 2007 7:30pm
Got it!
  • #17
  • Last Post: Dec 25, 2007 10:19pm Dec 25, 2007 10:19pm
Quoting Ebenst
I have completed a very rough document on this system. I know there is goiing to be a lot of questions regarding the MM. Please ask away. I am also open to take whatever is coming, as long it can only better this system.If this is not for you please refrain from negative comments and trade what you are comfortable with.
Hi Ebenst... I am still confused at how you defined the TP in the document?
How do you choose 220.10 as the starting point?
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