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simple sma system

  • #61
  • Jan 22, 2008 5:31pm Jan 22, 2008 5:31pm
Thanks for sharing. I am grateful.
  • #62
  • Feb 3, 2008 6:32am Feb 3, 2008 6:32am
going to use his method on a demo account with the settings :
-daily chart
-sma 1 on median price(hl/2)
-bbstops lengtvalue @ 5

but here is what ill will do differently for the stops:
i will be using the braintrend2stopline

4 the targets......if we are in buy mode then my target wil be the next time a bar closes above the sma,and if we are in sell mode the target will be the next time a bar closes below the sma

thats it!

just wanna thank smueeeelll for starting this thread anyway!!
  • #63
  • Feb 3, 2008 6:34am Feb 3, 2008 6:34am
aha indicators:
Attached File(s)
File Type: mq4 BrainTrend2StopLine.mq4   5 KB | 425 downloads
File Type: mq4 BBands Stops.mq4   5 KB | 426 downloads
  • #64
  • Feb 3, 2008 6:40am Feb 3, 2008 6:40am
so starting now....

buy eur/usd stop @1.4700 target next time above sma
sell usd/chf stop @1.1080 target next time below sma
sell usd/jpy stop @108.52 target next time below sma
  • #65
  • Feb 3, 2008 7:23am Feb 3, 2008 7:23am
did some manual testing, theres soooooo many false signals.
  • #66
  • Feb 4, 2008 10:15am Feb 4, 2008 10:15am
so we bought eur/usd @ 1.4796,
sold usd/chf @ 1.0894 and sold usd/jpy @ 106.66 lets wait and see what they all do
  • #67
  • Feb 5, 2008 9:04am Feb 5, 2008 9:04am
so we made on the eurusd 31 pips (closed above the sma)
on the usdjpy we had 1 pip (closed below sma) and on the usdchf we had a gain of 15 pips

the signals for today were sell the usdgbp 1.9738 (closed 4 feb above sma) so looking for a close below the sma now today (@ the moment of writing +90 pips)

btw only looking for signals on the 4 majors
eurusd usdjpy usdchf and usdgbp
  • #68
  • Edited 2:28pm Feb 5, 2008 1:52pm | Edited 2:28pm
Quoting hollandpippin
so we made on the eurusd 31 pips (closed above the sma)
on the usdjpy we had 1 pip (closed below sma) and on the usdchf we had a gain of 15 pips

the signals for today were sell the usdgbp 1.9738 (closed 4 feb above sma) so looking for a close below the sma now today (@ the moment of writing +90 pips)

btw only looking for signals on the 4 majors
eurusd usdjpy usdchf and usdgbp

Glad to see you took some clues from me
could we see some of your charts?

thanks
  • #69
  • Feb 5, 2008 6:02pm Feb 5, 2008 6:02pm
Thank you myfriend. Let me see what have you done here .Hay brother you did it. I dont know why but i trust you. I will post my results later.
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #70
  • Feb 6, 2008 9:35am Feb 6, 2008 9:35am
so on the cable made 98 pips sell was @ 1.9738 and closed below the sma @ 1.9640

trying to attach a chart
Attached Image (click to enlarge)
Click to Enlarge Name: 4feb08-5feb08.gif Size: 21 KB
  • #71
  • Feb 6, 2008 9:38am Feb 6, 2008 9:38am
the blue and red lines what you see are my stops.....braintrend2stopline
perhaps the stops are a bit big still looking for a better stop but for now it is working 4 me

thanks again to smueeeeel for his simple but untill now effective method!!
  • #72
  • Feb 7, 2008 9:08am Feb 7, 2008 9:08am
yesterday....6 feb 08 the cable closed above the sma while the trend was down so thats a sell for 7feb today.....moment of writing cable is @1.9431 and yesterdays close was @ 1.9616 (btw using alpari uk) so thats 185 pips
Attached Image (click to enlarge)
Click to Enlarge Name: 6 feb.gif Size: 21 KB
  • #73
  • Feb 7, 2008 9:13am Feb 7, 2008 9:13am
the same was for usdchf on 6 feb 08 closed under sma while trend was up so on 7 feb we would have bought @ moment of writing up 32 pips waiting for a close above the sma
Attached Image (click to enlarge)
Click to Enlarge Name: 7 feb usdchf.gif Size: 19 KB
  • #74
  • Feb 7, 2008 7:07pm Feb 7, 2008 7:07pm
I think he said in a previous post he only take trades in the direction of the bband so depending on their settings and tf he should be trading with the trend.

Quoting clam61
this method is good when the market is ranging, but when its trending you get reamed. there needs to be added rules to stay away when its trending.

look at the GBPUSD daily, if you bought every time you were below the SMA and sold every time you were above, your win percentage is not that high

on top of that, how do you handle money management? since you have to wait for the close, which could be any value, its hard to know your risk.
  • #75
  • Feb 11, 2008 7:52pm Feb 11, 2008 7:52pm
Greetings can anyone explain the rules very clearly? And post the indicators?
  • #76
  • Mar 18, 2008 11:18am Mar 18, 2008 11:18am
Quoting hollandpippin
aha indicators:
Hi Hollandpippin,
Can you explain that how do you use bbands stops? Dose it show direction of trend? Can use this system in one minut charts just for 20 pips a day, too?

Thanks,
  • #77
  • Last Post: Mar 18, 2008 12:47pm Mar 18, 2008 12:47pm
faridfx,

never did try it on minute chart....(btw not using this system anymore)
and yes the bbstop is to show trend
thank you
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