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Please suggest a simple & effective Method/System of "Trading System" Forum to newbie

  • #141
  • Nov 30, 2007 4:01pm Nov 30, 2007 4:01pm
Quoting nanningbob
Linear Weight MA 1, Median price
Linear Weight MA 5, Open (add shift 1)
Stoch default 5,3,3 close/close, method Linear Weight

is that?

thanks

Yes that is the basics, except add to the 5MA a shift of 1, depending on the

.
Excuse my ignorance but what is ashift of 1 please and how do I apply it ?

Thanks
  • #142
  • Dec 1, 2007 8:15am Dec 1, 2007 8:15am
so is the hedge a total wipeout during the latest unwind ?

so the method works during 'normal' times but not during meltdowns...........if so, way to go.....
  • #143
  • Dec 2, 2007 7:43am Dec 2, 2007 7:43am
Excuse my ignorance but what is ashift of 1 please and how do I apply it ?

If you use the MT4 platform, when you enter any MA the first box asks for period and the second box asks for the shift. A shift moves your line to the right or left. If you put 1 in the shift box it moves the entire MA line to the right one candle 2 is 2 candles. If you put in -1 it moves it back 1 candle. If you put it one candle ahead it gives you more space for trading. I call it shadow trading because you are creating a shadow of price movement. Since price is always changing directions it puts one line out in the future and when it crosses its own shadow, it is a good indicator price is moving into another direction. I think it is similiar to trading a trendline. The MA5 shift 1 creates a trendline and when price crosses you enter your trade. You can use different numbers for different currencies and time frames to see what works best for you.
  • #144
  • Dec 3, 2007 11:56pm Dec 3, 2007 11:56pm
Thanks bob, appreciate your help.
  • #145
  • Dec 4, 2007 1:17am Dec 4, 2007 1:17am
Quoting brentmack
I'll probably use BeachBum's technique for my EA (easier to code).

If I get the EA up and running, I'll try to report back with my results for everybody.
brentmack, did you ever "get your EA up and running"?


Topgun
"Success is not a fantasy, it's a formula." - MTI
  • #146
  • Edited 7:29am Dec 9, 2007 7:27am | Edited 7:29am
If some of you would like to test out on a demo my ea and indicator please let me know how you do. Attached is a signal system (put this in your indicator folder) and a sell EA and Buy EA (put these in your expert folder). When the alarm goes off, check your indicators and time frames and decide to enter the trade. Drag the buy EA if you want to buy or the Sell EA if you want to sell and it will do the entering and exit for you. Each EA has a 30 stop loss with it and is set for .10 of a lot. You can change if you want when you load the EA and the Box comes up for changes. I recommend you demo this before using it live to make sure it works for you. Use two charts when doing this because the EA works on any time frame. If you have a buy on the 15M chart but it still is a sell on the 1H chart. When you click on the 1H chart the lines cross and it will close the trade even though you may not want to. Once you turn on the EA do not click to other time frames. Use another chart to check your trade. If you keep the EAs on for a long period of time, they only win 30% of the time on a 1H chart. On a months test they made a little money or lost a little on different currencies. The key is only using them when you think you have a good trade. Good luck.

Bob
Attached File(s)
File Type: mq4 buy open,close.mq4   10 KB | 741 downloads
File Type: mq4 sell open,close.mq4   10 KB | 727 downloads
File Type: mq4 MA_Crossover_Signal_With_wav.mq4   4 KB | 766 downloads
  • #147
  • Dec 21, 2007 9:39am Dec 21, 2007 9:39am
Quoting nanningbob
If some of you would like to test out on a demo my ea and indicator please let me know how you do. Attached is a signal system (put this in your indicator folder) and a sell EA and Buy EA (put these in your expert folder). When the alarm goes off, check your indicators and time frames and decide to enter the trade. Drag the buy EA if you want to buy or the Sell EA if you want to sell and it will do the entering and exit for you. Each EA has a 30 stop loss with it and is set for .10 of a lot. You can change if you want when you load the EA and the Box comes up for changes. I recommend you demo this before using it live to make sure it works for you. Use two charts when doing this because the EA works on any time frame. If you have a buy on the 15M chart but it still is a sell on the 1H chart. When you click on the 1H chart the lines cross and it will close the trade even though you may not want to. Once you turn on the EA do not click to other time frames. Use another chart to check your trade. If you keep the EAs on for a long period of time, they only win 30% of the time on a 1H chart. On a months test they made a little money or lost a little on different currencies. The key is only using them when you think you have a good trade. Good luck.

Bob
any charts or backtest with these EA's
M4X............ Hedging My Way To Profits!
  • #148
  • Dec 24, 2007 5:58pm Dec 24, 2007 5:58pm
The backtests if you run them 24/7 is about 33% win ratio with a small profit or loss. I dont recommend using them that way. I recommend using them when you see the setup coming and they make the trade for you. I still want to make one coding change in them yet. I want them to trade one time and quit. When I have them I will post them.

Bob
  • #149
  • Jan 29, 2008 3:23pm Jan 29, 2008 3:23pm
Quoting WTB
Hey Faith,

Before getting into the whole system research/tweaking phase, spend some time studying trends. Not how to trade the trend, or trend-following system or whatnot, JUST study trending charts and the basics behind a healthy trend.

Understanding trends is CRUCIAL for trading. Until you moreless understand that, I'd avoid wasting time with systems. It's like trying to learn how to dr

ive before understanding what the wheel or the gear-stick are for.
DEAR HECTOR,
Can you please give me some free lesson on "Understanding trends".My email is :[email protected]

Thank You.
Kingade
  • #150
  • Jan 31, 2008 7:54am Jan 31, 2008 7:54am
Quoting nanningbob
I trust my indicators and I put my stops so I dont lose money. I walk away and come back and look 2 or 3 hours after the different market opens. Once in profit move your stops to capture as much as possible. I do not try to capture the whole move I only want to make a profit. Yes I use a warning indicator. I paid a guy to make me a Sto indicator that would beep whenever all the lines were above 90 or below 0. I can set it for any combination of time periods I want. So right now my indicator is set for 1M 5M 15M 30M. When all four are above 90 or below 10 it beeps and I can look at the trade. I can also change the time periods and found it one of the most valuable indicators a person can have. I then wait for the 1 to cross the 5 and I am in.
nanningbob: Thanks a lot for posting your system.

Would you be so nice to post the indicator you mentioned in the above post?
..
  • #151
  • Mar 5, 2008 12:06pm Mar 5, 2008 12:06pm
hi bhale,

could you please comment whether you are still using the hedge or not and if it still has merrit. I am currently trading this on demo with a 200 pip win over the last 3 days.

regards
Haywire
  • #152
  • Mar 24, 2008 12:29pm Mar 24, 2008 12:29pm
hello, i would also like to know if you still trade this hedge-system and if you could give some overall percentage profit data for this method. i came up with a revenue of round about 0.87% profit / day, thats about 26% the last month of trading this, thats a nice return of investement, even to good to be true. Can you suggest to live trade such a hedge as a beginner? I did not have any big drawdowns yet so what about the loss i could make? If you could constantly make that much profit with such a simple strategy/method or what ever you call it, why not everybody trading this, and waiting to get the ferrari? Please could you summarize the base idea and list the advantages/disadvantages.

I trade this 1:10 on every pair, thats round about $ 1 / pip.

Open the 4 Pairs / Positions at 5PM Sunday to 5 PM Thursday, close all positions every 24h and reopen it again and take the profit.

tnx!
  • #153
  • Mar 26, 2008 10:54am Mar 26, 2008 10:54am
no one? shame...
  • #154
  • Mar 28, 2008 10:37pm Mar 28, 2008 10:37pm
There are many good systems here, but give the "key to the mint" & "james 16 chart thread" a try. You might not ever trade them but you will learn a lot and they are both beginner friendly. Trade well.
Hej.
  • #155
  • Mar 29, 2008 7:59am Mar 29, 2008 7:59am
thank you stich
  • #156
  • Apr 12, 2008 9:31am Apr 12, 2008 9:31am
Seems like a simple system to try out. What you recommend using to give a "heads up" on whether to open the 4 currencies with a Buy or Sell?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #157
  • Apr 16, 2008 4:31pm Apr 16, 2008 4:31pm
Quoting bhale
Buy the following pairs
EURUSD
GBPUSD
USDCHF
USDJPY

Sometime during the next trading day, your account will show a profit. CLose all trades, bank the profit, and start again. You will have drawdowns, but you will also have profits. Hang in with the drawdowns. They won't get too large because this is simply a dollar hedge.
Are there other four currency sets that play against each other like these also that dollar hedge and make a profit each day?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #158
  • Apr 17, 2008 4:36am Apr 17, 2008 4:36am
Quoting bhale
Buy the following pairs
EURUSD
GBPUSD
USDCHF
USDJPY

Sometime during the next trading day, your account will show a profit. CLose all trades, bank the profit, and start again. You will have drawdowns, but you will also have profits. Hang in with the drawdowns. They won't get too large because this is simply a dollar hedge.
Hi all,

I have done some extensive back testing on this as I have traded this live. I also believed that this could work. Your main aim is to get a middle line in excel charts and update continiously,to know where you are in this mess. For the previous 2 months the max drawdown, if you manipulate the middle line, would be 600 pips, every thing looks brilliant, but i went back and got the last years data and did the same thing. The max drawdown now changed to +-2000 pips to either side, witch would put you in a max DD of 4000 pips if you bought or sold at high/low.

It was previously mentioned that what you are trading, if you take out the USD, is the EUR/CHF and the GBP/JPY, this is true, you then deduct the 2 pairs differences.

So be very carefull if you do want to trade this, I know it looks very tempting but you can be taken out at any stage without warning.

Regards
Haywire
  • #159
  • Apr 19, 2008 5:28am Apr 19, 2008 5:28am
Haywire,

I found the same thing backtesting. It will make you some quick profits. But if you continue to trade it eventually will take you out of the market.

HH
  • #160
  • Apr 24, 2008 2:59am Apr 24, 2008 2:59am
3 threads/systems I'm enjoying at the moment:

Oz fx system - daily
Jackos forex house of pleasure and pain
and
The system 11 (yes with irony)

3 ways for anyone to get a handle on trading.
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