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Quest 100 System

  • #341
  • Mar 5, 2008 7:01am Mar 5, 2008 7:01am
Quoting Rx8
Agree with you, Acetrader. This is one of the best system I found so far. I took 6 manual trades for a total of +109 pips in my live acc. in 2 days.
Great job, Neal.
I'm so happy to see others profiting from this system. Especially posts of trades in LIVE accounts that have averaged +50 pips/day. Each time I see something like that it makes me more confident that we CAN reach our goal of +100 pips/day with some experience trading the system under our belts.

I know in my case, it's the FEAR factor still hanging around from all the other systems we all have tried and suffered losses with.

Thanks for the support and keep up the good work!

Also, even with the v1.2 EA (not sure on the time schedule - am shooting for next week sometime) I personally will let it OPEN trades, but I will still monitor them and close them manually if I feel the market is turning. The EA is high on the list because I want it to help monitor trade ENTRY's so I don't miss any
  • #342
  • Mar 5, 2008 7:26am Mar 5, 2008 7:26am
Too bad it didn't go close enough to the +89SMA level for us to pick up on the trade. It would have been a nice one. The Quest100_v1.1 EA did open an order for it.

IT DID on the EUR/JPY and am in that one at +21 at the moment - should end up yielding 30-40 pips when it's done. We may be able to carry the trade further if switching over to the 13SMA looks promising.
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  • #343
  • Mar 5, 2008 7:36am Mar 5, 2008 7:36am
Quoting nealc99
Too bad it didn't go close enough to the +89SMA level for us to pick up on the trade. It would have been a nice one. The Quest100_v1.1 EA did open an order for it.

IT DID on the EUR/JPY and am in that one at +21 at the moment - should end up yielding 30-40 pips when it's done. We may be able to carry the trade further if switching over to the 13SMA looks promising.
greattttttttt

goodbadmas
  • #344
  • Mar 5, 2008 8:16am Mar 5, 2008 8:16am
Quoting nealc99
Too bad it didn't go close enough to the +89SMA level for us to pick up on the trade. It would have been a nice one. The Quest100_v1.1 EA did open an order for it.

IT DID on the EUR/JPY and am in that one at +21 at the moment - should end up yielding 30-40 pips when it's done. We may be able to carry the trade further if switching over to the 13SMA looks promising.
BUY EUR/JPY on my machine and of course hit the SL few bars after the entry.
I see it's because the EA doesn't trade 89SMA as you mentioned previously.

3 trades in last 20 hours with v1.1 :

USD/CAD -25
NZD/USD -7
EUR/JPY -19

Hope we can see it fixed soon.
  • #345
  • Mar 5, 2008 9:21am Mar 5, 2008 9:21am
Keep a close eye on EUR/JPY - once it gives a solid reverse (like going back down through the +89 level - brown line at top) it would be a good time to get in.
  • #346
  • Mar 5, 2008 10:08am Mar 5, 2008 10:08am
Hi Neal,

there is a river overflow in eur/jpy. Time to short?

This is a classic example of ur river overflowing.

Pls advice
  • #347
  • Mar 5, 2008 10:15am Mar 5, 2008 10:15am
Quoting Ibuks
Hi Neal,

there is a river overflow in eur/jpy. Time to short?

This is a classic example of ur river overflowing.

Pls advice
It needs to show a good sign of reversing first - I'd say when it goes below 158.30 or comes back inside the banks of the river.
  • #348
  • Mar 5, 2008 10:30am Mar 5, 2008 10:30am
All of you better be scanning the charts - signals getting ready to pop up all over the place. EUR/USD, EUR/JPY, GBB/USD, AUD/USD - chance for several good trades. MONITOR - not necesiarly saying go in right now - let the trend start reversing (some are).
  • #349
  • Mar 5, 2008 10:57am Mar 5, 2008 10:57am
Thanks for the heads up neal.

Several of the major pairs are all on the overflowing river.

Kindly keep us all informed as we all monitor together.
  • #350
  • Mar 5, 2008 11:23am Mar 5, 2008 11:23am
hi neal,
i was just reading through the thread trying to do some catching up. the system looks wonderful and promising although backtesting the EA did not give me good results. but one important question i have is that at what level should my stop loss be when i place a trade.
thank you. once again welldone and good job.
  • #351
  • Mar 5, 2008 11:54am Mar 5, 2008 11:54am
Quoting bimboforex
hi neal,
i was just reading through the thread trying to do some catching up. the system looks wonderful and promising although backtesting the EA did not give me good results. but one important question i have is that at what level should my stop loss be when i place a trade.
thank you. once again welldone and good job.
I would say 30-40 pips is a reasonable stop loss.

The EA doens't backtest well. I noticed that while developing. It misses obvious trades sometimes. v1.2 will be more refined.
  • #352
  • Mar 5, 2008 11:58am Mar 5, 2008 11:58am
Neal,

it is nice to have everything available in the first post, but would it be possible that you keep also the old versions there like the 1.01 for instance or do you think there will be too many after some time.
It could be interesting to be able to compare the different versions, what do you think?
  • #353
  • Mar 5, 2008 12:06pm Mar 5, 2008 12:06pm
I'm a little confused, can you tell me why the EA would take this as a buy signal for AUDUSD?
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  • #354
  • Mar 5, 2008 12:14pm Mar 5, 2008 12:14pm
Quoting seamonkey
I'm a little confused, can you tell me why the EA would take this as a buy signal for AUDUSD?
EA v1.1 bases it's buys on:

EMA12+Sensitivity12H < EMA89-Sensitivity && High[1] <= EMA12-Sensitivity12L
SMA13 plus the +21 level is less than SMA89 minus the Sensitivity setting

*** AND ***

the previous candle's HIGH is less than SMA13 - Sensitivity12L setting

Aren't you glad you asked - LOL - I get a headache just looking at it.
  • #355
  • Mar 5, 2008 12:29pm Mar 5, 2008 12:29pm
12SMA trade.....

Interesting that the "exit" for our 12SMA trade may be a good point to get in a little early on our 89SMA SELL on the EUR/JPY.

Let's see how it plays out...
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  • #356
  • Mar 5, 2008 12:51pm Mar 5, 2008 12:51pm
Some call it "consolidation", I call it "constipation" The market has to strain sometimes to get going again - LOL

You people on DEMO accounts should be making a small fortune today with all the signals we have.
  • #357
  • Mar 5, 2008 1:21pm Mar 5, 2008 1:21pm
Quoting nealc99
You people on DEMO accounts should be making a small fortune today with all the signals we have.
Could you post the charts when you have time with the signals so I can study them and make sure I'm on the right track?
  • #358
  • Mar 5, 2008 1:28pm Mar 5, 2008 1:28pm
TEXTBOOK example of when to swtch from your 89SMA strategy over to your 13SMA strategy for your EXIT.

We started on an 89SMA BUY signal to get into the trade.

When we were at the 89SMA EXIT signal we "evaluate" how the 12SMA strategy is doing. In this case all conditions were GO to switch over to the 12SMA strategy, so we STAY IN THE TRADE and look for our 12SMA EXIT signal.

As you can see this one was a beauty and would have yielded around 135 pips!

Right before exiting an 89SMA trade, look to see if you would be still in a 12SMA trade. Maximize your profit and still keep your risk minimized.
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  • #359
  • Mar 5, 2008 5:22pm Mar 5, 2008 5:22pm
LIVE account MANUAL trades for March 5, 2008

2545366 2008.03.05 17:35 sell eurjpy 158.30 to 158.66 -36 pips
2548648 2008.03.05 20:22 sell eurjpy 158.50 to 158.36 +14 pips
2549120 2008.03.05 20:45 sell eurusd 1.5270 to 1.5266 +4 pips
2550033 2008.03.05 22:12 sell gbpusd 1.9905 to 1.9913 -8 pips

Today's total: -26 pips

Not a good day - lot of signals but were rough & choppy. Lots of flowing "outside the banks of the river" today.
  • #360
  • Mar 5, 2008 5:35pm Mar 5, 2008 5:35pm
Quoting nealc99
LIVE account MANUAL trades for March 5, 2008

2545366 2008.03.05 17:35 sell eurjpy 158.30 to 158.66 -36 pips
2548648 2008.03.05 20:22 sell eurjpy 158.50 to 158.36 +14 pips
2549120 2008.03.05 20:45 sell eurusd 1.5270 to 1.5266 +4 pips
2550033 2008.03.05 22:12 sell gbpusd 1.9905 to 1.9913 -8 pips

Today's total: -26 pips

Not a good day - lot of signals but were rough & choppy. Lots of flowing "outside the banks of the river" today.
yeah but still reached the goal that u had set for this system today

1st trade,, 2 lots, 11pips.... 2nd trade 2 lots 13 pips,, 3rd trade 4 lots with 14 pip. total $$ banked was $104.

Thanks
goodbadmas
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