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Almost 95% winner USD/CHF System

  • #21
  • Feb 23, 2008 1:24pm Feb 23, 2008 1:24pm
here is your 21 sma with the levels
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_03 Feb. 23 19.23.gif Size: 18 KB
  • #22
  • Feb 23, 2008 1:38pm Feb 23, 2008 1:38pm
After backtesting...it shows that your suggestion works much better than the system =D...it clears out a few whipsaws on the hourly.

However u see the whipsaw just before the downtrade in the end where it gives a sell then a buy then then a full sell.....the presence of the 8 ema would have prevented that sell which was a loss.

I will try combining both techniques, the cross over of the EMA's as well as closing the candle above the 21EMA suspensions.

Thankyou very much for your suggestion. It will filter out many bad trades. If I had it earlier I would have prevented the losses of this system.

Peter
  • #23
  • Feb 23, 2008 1:38pm Feb 23, 2008 1:38pm
Quoting pwramses
Thankyou Cryten for you reply.

Do you suggest removing the 8 EMA from the system entirely and just look at whether the candle goes from below the 21 to above it for a buy with the same settings for the RSI and the Stochastic. Well this was more or less the same point the 8 and 21 EMAs crossed. Ill give it a backtest.

Thankyou.
I don't know man, as I said if it's not broke for you why try and fix it? Here's a mm calculator with a compounding element that i have been using myself. It was posted somewhere on this forum by another kind soul.


(although i could take my own advice here too lol)
Attached File(s)
File Type: xls Percentage Equity Model.xls   92 KB | 620 downloads
  • #24
  • Feb 23, 2008 1:41pm Feb 23, 2008 1:41pm
Cryten can you please tell me what levels are you using with the 21 EMA in the image you posted.

Thanks
  • #25
  • Feb 23, 2008 1:43pm Feb 23, 2008 1:43pm
Quoting pwramses
Cryten can you please tell me what levels are you using with the 21 EMA in the image you posted.

Thanks
5 and - 5

ooh sorry i also changed the 21 ema to 21 SMA.
  • #26
  • Feb 23, 2008 1:48pm Feb 23, 2008 1:48pm
i'm going to buy some vodka now and watch some 24. will check back later if there are any more q's. have a great sat night!
  • #27
  • Feb 23, 2008 7:11pm Feb 23, 2008 7:11pm
Quoting cryten
i'm going to buy some vodka now and watch some 24. will check back later if there are any more q's. have a great sat night!
Nice system pwramses. Cryten I love you, I do. You have a great heart and I admire that. Good Luck Pwrameses and may you continue to conquer the forex world.

God Bless
  • #28
  • Feb 23, 2008 7:29pm Feb 23, 2008 7:29pm
looks nice pwramses. thank you for sharing this. i pretty much exclusively trade the 1 hour time frame so this is something that would work well for me. i already set up the chart and am going to be watching it.

one question: do you generally get signals at a certain time - early london session, for example?
  • #29
  • Edited 8:26pm Feb 23, 2008 8:15pm | Edited 8:26pm
Quoting awesome792
Nice system pwramses. Cryten I love you, I do. You have a great heart and I admire that. Good Luck Pwrameses and may you continue to conquer the forex world.

God Bless
ahhhh hello angela! i love you too! you have the great heart! and i am always blessed by your posts, people like you make me very happy with the world
  • #30
  • Feb 24, 2008 12:25am Feb 24, 2008 12:25am
Hi to all,

I use the very similar settings MA cross 5 & 20 and I use Stochastic 36,7,3 and RSI 10 with the RSI, I incorporate 8 MA and Bollinger 36, 4. When RSI cross the 8MA gives me the first warning of change. the Stochastic cross gives the 2nd warning and when the RSI crosses the Bollinger centre line and this usually coincides with the MA 8 & 20 cross. This gives the up trend the down trend is opposite.
For and up trend the 8 MA must be below the centre of the Bollinger and vice versa for down trend when the RSI crosses the 8MA.
When all three triggers then you are pretty confident that you will collect some pips.
I do not trigger a buy or sell until all conditions (three triggers) are met.

Niloc
  • #31
  • Feb 24, 2008 1:40am Feb 24, 2008 1:40am
Quoting niloc
Hi to all,

I use the very similar settings MA cross 5 & 20 and I use Stochastic 36,7,3 and RSI 10 with the RSI, I incorporate 8 MA and Bollinger 36, 4. When RSI cross the 8MA gives me the first warning of change. the Stochastic cross gives the 2nd warning and when the RSI crosses the Bollinger centre line and this usually coincides with the MA 8 & 20 cross. This gives the up trend the down trend is opposite.
For and up trend the 8 MA must be below the centre of the Bollinger and vice versa for down trend when the RSI crosses the 8MA.
When all three triggers then you are pretty confident that you will collect some pips.
I do not trigger a buy or sell until all conditions (three triggers) are met.

Niloc
Well if you have test your system and it's profitable for you than come on dont shy... Publish your system in forexfactory Trading system department with screenshot's...
  • #32
  • Edited 2:13am Feb 24, 2008 1:43am | Edited 2:13am
Well... it probably needs to filter some of the cases... it's currently losing when backtesting.

Anyone care to give it a fine tuning?
Attached File(s)
File Type: ex4 Ramses_USDCHF.ex4   5 KB | 405 downloads
File Type: mq4 Ramses_USDCHF.mq4   3 KB | 483 downloads
  • #33
  • Feb 24, 2008 2:06am Feb 24, 2008 2:06am
Just putting this thread into my subscribed threads
  • #34
  • Feb 24, 2008 3:03am Feb 24, 2008 3:03am
Quoting charlinks
Well... it probably needs to filter some of the cases... it's currently losing when backtesting.

Anyone care to give it a fine tuning?
Easy just inverse all trades and you have winners.
  • #35
  • Feb 24, 2008 3:10am Feb 24, 2008 3:10am
Quoting pwramses
Thankyou Cryten for you reply.

Do you suggest removing the 8 EMA from the system entirely and just look at whether the candle goes from below the 21 to above it for a buy with the same settings for the RSI and the Stochastic. Well this was more or less the same point the 8 and 21 EMAs crossed. Ill give it a backtest.

Thankyou.
95% for six whole months,i dont fix it unless it able to make it 99%

Anyway tks for sharing.

Zu
  • #36
  • Feb 24, 2008 3:16am Feb 24, 2008 3:16am
Thanks for posting your system. It is nice that the system is very clean and seems to work very well. We often try to change things to the point of confusion. Keep it simple!!!!!
  • #37
  • Feb 24, 2008 5:26am Feb 24, 2008 5:26am
I think alot of threads die because people take a simple profitable system and add this and take away that and after about 20 pages the system is nothing like what it originally was.
If and I say if this system is 95% profitable then why change it, I think we all know that the holy grail dosent exist, forex dosent allow that, lets all try it in its original form, post results and just ride the good times.
No offence is meant to anyone. but I understand why threads die, people get confused and lose interest
Respect
Tom(uk)
  • #38
  • Feb 24, 2008 6:14am Feb 24, 2008 6:14am
wow really did get very drunk last night but i agree keep the thread simple. i apologise for all my charts.

now i need to sort out my hair, thought it a good idea to cut it myself last night
  • #39
  • Feb 24, 2008 6:35am Feb 24, 2008 6:35am
thanks Peter for sharing your system. what do you do in the following situation when everything is moving sideways and we have whipsaw galore?
Attached Image (click to enlarge)
Click to Enlarge Name: pwramses.gif Size: 11 KB
  • #40
  • Edited 3:38pm Feb 24, 2008 9:43am | Edited 3:38pm
Quoting pwramses
However I warn against using this with GBP/JPY on time frames less that the 4 hour.

It also works quite well with GBP/JPY, I am currently working on stoplosses and profit targets for it. I will be posting when I have reached a conclusion. I encourage anyone who can help in this issue to please share their views but until then I urge no one to trade the GBP/JPY using this system.

Nice clean and simple system pwramses! I usually don't like MA's, but your straight forward strategy is intriguing indeed, particularly after a little back-testing on the pairs I like to trade.

Think I finally may have found a strategy that gets me off the lower time frame charts (which may return my blood pressure to hopefully near normal! lol)

But the 'Dragon' can give you heart attacks constantly if you're in a live trade. Personally I MUCH prefer the E/J. Brokerage spread is far less, and while volatility is about 30% less than the G/J, I pop trades with 2 lots instead of 1, and have consistantly made more pips that way trading the E/J instead of the Dragon. For the most part, the E/J and the G/P are extremely similar in movement.
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