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Attachments: 13 low 13 high MA 1 hr chart System
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13 low 13 high MA 1 hr chart System

  • #21
  • Jan 16, 2008 12:49pm Jan 16, 2008 12:49pm
very cool your break-out system, in combination with the trigger-lines it looks like this:
Attached Image (click to enlarge)
Click to Enlarge Name: 13 simple high-low.gif Size: 10 KB
/ ... clarifying decisions ... /
  • #22
  • Jan 16, 2008 12:56pm Jan 16, 2008 12:56pm
Quoting jr2007
1-4,8,9,11.. ????
I do not understand. What are these numbers?
days
  • #23
  • Jan 16, 2008 12:59pm Jan 16, 2008 12:59pm
Quoting maksi86
days

I use only the GBPJPY 1hr Chart
  • #24
  • Jan 16, 2008 1:00pm Jan 16, 2008 1:00pm
Quoting jr2007
1-4,8,9,11.. ????
I do not understand. What are these numbers?
I think he means month of Jan and days 1-4, 8,9,11 of Jan, not perfect days trading with this method.

But from quick visual test this strategy looks good. Will research further.
Thanks for sharing

TT.
  • #25
  • Jan 16, 2008 1:06pm Jan 16, 2008 1:06pm
yes, month 1 and days 4,8.. in gbpjpy 1h
  • #26
  • Jan 16, 2008 1:08pm Jan 16, 2008 1:08pm
Quoting maksi86
yes, month 1 and days 4,8.. in gbpjpy 1h

Ok days, I use 1 hour chart ONLY.

A quick look at Jan days looked good to me.
  • #27
  • Jan 16, 2008 1:16pm Jan 16, 2008 1:16pm
I used this system on GBP/USD and set the take profit at 50 and SL likewise and made 54 pips.

Looks like using 50 on that pair may work well.. and of course, you can trail the SL on a particularly "hot" day.

Nice system so far.
"I know how hard it is for you to put food on your family." George W. Bush
  • #28
  • Jan 16, 2008 1:16pm Jan 16, 2008 1:16pm
Quoting jr2007
Ok days, I use 1 hour chart ONLY.

A quick look at Jan days looked good to me.
Maksi86 was not looking closely at your instructions. The rest of us were good students
  • #29
  • Jan 16, 2008 1:20pm Jan 16, 2008 1:20pm
Quoting MarcoW
I used this system on GBP/USD and set the take profit at 50 and SL likewise and made 54 pips.

Looks like using 50 on that pair may work well.. and of course, you can trail the SL on a particularly "hot" day.

Nice system so far.

Cool, I'll have to check this out. Thanks
  • #30
  • Jan 16, 2008 1:48pm Jan 16, 2008 1:48pm
Interesting. I looked at something very similar about 7 months ago, but it was based on a 25 SMA off high and low. With GBPJPY I was looking at 100, 200, and 300 levels on the SMAs for take profit levels. SL was opposite side of the channel. The wins could be spectacular but the weakness was a direct result of the large volitility of this pair and the high possibility of being stopped out in a sideways market. It never occured to me to use something like a 100 MA variant as a filter (amazes me how small my mind is sometimes!). I also kept trying to find a way of catching the snap back to the trigger SMA (another unwise move). I'm at work right now and can't fiddle with any charts -- but I'm eager to look at this when I get back home.

I do have a question. According to the rules as posted, if price jumped up above the 100 EMA, and the next bar opened still crossed, I want to confirm, you would take that trade even if the the channel had not crossed. Is that correct? As I said, I can't take a proper look right now, but I suspect we'll find some big retracing moves that qualify for a signal, but are really far from the 13 SMA, and you'll get caught as the price falls before the trend continues. It may just be "grist for the mill"... the inevitable price you'll have to pay with this system, but I'm throwing it out for everyone to comment on.

Great little system. I'm betting it is a long term winner, and something that will easily lend itself to working in an EA.
  • #31
  • Jan 16, 2008 1:59pm Jan 16, 2008 1:59pm
Quoting Qman
Interesting. I looked at something very similar about 7 months ago, but it was based on a 25 SMA off high and low. With GBPJPY I was looking at 100, 200, and 300 levels on the SMAs for take profit levels. SL was opposite side of the channel. The wins could be spectacular but the weakness was a direct result of the large volitility of this pair and the high possibility of being stopped out in a sideways market. It never occured to me to use something like a 100 MA variant as a filter (amazes me how small my mind is sometimes!). I also kept trying to find a way of catching the snap back to the trigger SMA (another unwise move). I'm at work right now and can't fiddle with any charts -- but I'm eager to look at this when I get back home.

I do have a question. According to the rules as posted, if price jumped up above the 100 EMA, and the next bar opened still crossed, I want to confirm, you would take that trade even if the the channel had not crossed. Is that correct? As I said, I can't take a proper look right now, but I suspect we'll find some big retracing moves that qualify for a signal, but are really far from the 13 SMA, and you'll get caught as the price falls before the trend continues. It may just be "grist for the mill"... the inevitable price you'll have to pay with this system, but I'm throwing it out for everyone to comment on.

Great little system. I'm betting it is a long term winner, and something that will easily lend itself to working in an EA.

IMO, I would rather stay away from a candle (only) crossing the 100MA. The 13/13 channel is the main driver.
  • #32
  • Jan 16, 2008 2:51pm Jan 16, 2008 2:51pm
Thanks for sharing! I will give this a go next week for sure
Liberate me ex inferis
  • #33
  • Jan 16, 2008 3:23pm Jan 16, 2008 3:23pm
Thanks for posting this JR. I will quickly come up with a custom indicator first. Then later depending upon how successfully the system progresses , I will add alert/convert to EA.
  • #34
  • Jan 16, 2008 3:27pm Jan 16, 2008 3:27pm
Quoting cheelu
Thanks for posting this JR. I will quickly come up with a custom indicator first. Then later depending upon how successfully the system progresses , I will add alert/convert to EA.
Cool, I would greatly appreciate it.
  • #35
  • Jan 16, 2008 4:47pm Jan 16, 2008 4:47pm
Hello,

It is a very easy EA to code. However 2007 win/loss is around 1:1. You may need to think about other filter etc.

Settings:
Stoploss/Takeprofit - no need to explain
Riskpertrade - % risk per trade
Trades - number of signals/trades you are willing to take
MA1 - the channel SMA as per rule
MA2 - the filter EMA as per rule

Enjoy~~
Attached File(s)
File Type: ex4 13HighLowbyPuppy.ex4   4 KB | 703 downloads
  • #36
  • Jan 16, 2008 4:52pm Jan 16, 2008 4:52pm
Quoting Puppy
Hello,

It is a very easy EA to code. However 2007 win/loss is around 1:1. You may need to think about other filter etc.

Settings:
Stoploss/Takeprofit - no need to explain
Riskpertrade - % risk per trade
Trades - number of signals/trades you are willing to take
MA1 - the channel SMA as per rule
MA2 - the filter EMA as per rule

Enjoy~~
I'm sorry, but is this an EA for another system?
  • #37
  • Jan 16, 2008 5:01pm Jan 16, 2008 5:01pm
2007 Manual Test Results

14,300 pips - for the entire year of 2007.

August was the best month with 2100 pips

May was the worst month with 500 pips
  • #38
  • Jan 16, 2008 5:06pm Jan 16, 2008 5:06pm
Quoting jr2007
I'm sorry, but is this an EA for another system?
Hello jr2007,

This is the EA for the system you described. you can use the visual mode to check it validity. It is just my program writing style so it all looks similar. I forgot to include account calculations though and forgot to remove demo restriction. So here is the new EA:

more setting:
Mini- if you are using mini account
Microlots - if your broker support microlots

Enjoy~~
Attached File(s)
File Type: ex4 13HighLowbyPuppy.ex4   5 KB | 714 downloads
  • #39
  • Jan 16, 2008 5:13pm Jan 16, 2008 5:13pm
Quoting Puppy
Hello jr2007,

This is the EA for the system you described. you can use the visual mode to check it validity. It is just my program writing style so it all looks similar. I forgot to include account calculations though and forgot to remove demo restriction. So here is the new EA:

more setting:
Mini- if you are using mini account
Microlots - if your broker support microlots

Enjoy~~
Wow, thank you very much. I will Demo it, and get back to you.
  • #40
  • Jan 16, 2008 5:21pm Jan 16, 2008 5:21pm
Quoting jr2007
2007 Manual Test Results

14,300 pips - for the entire year of 2007.

August was the best month with 2100 pips

May was the worst month with 500 pips
Did you account for the spread in your test results?

Thanks
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