/ ... clarifying decisions ... /
What are Higher High, Higher Low, Lower High and Lower Low? 10 replies
High low bar chart only & how to trade them! 305 replies
Candle High/Low On Chart 2 replies
High to High and Low to low time cycles 1 reply
Weekly High & Low on daily chart... 3 replies
DislikedOk days, I use 1 hour chart ONLY.
A quick look at Jan days looked good to me.Ignored
DislikedInteresting. 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.Ignored
DislikedHello,
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~~Ignored
DislikedHello 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~~Ignored
Disliked2007 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 pipsIgnored