The simple stupid system | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Keep It Simple Stupid 7 replies

Simple stupid position trading (H4/D1) 119 replies

Stupid Simple: Trying to find a specific indicator 0 replies

Keep it Simple Stupid (KISS) Method 486 replies

Keep It Simple Stupid (KISS) - The next Generation!! 7 replies

Attachments: The simple stupid system
Exit Attachments

The simple stupid system

  • #21
  • Jul 3, 2008 9:50am Jul 3, 2008 9:50am
Hi

Thank you for sharing your system. I trust that you will be well-rewarded by suggestions that people have on how to improve your approach. I am looking forward to trying it out. Here are some questions I have for you:

  1. Over the time you've been trading it live, how has your win/loss ratio been? And how long have your been trading it?
  2. Since you are able to trade the 15M TF and during the hours you mention, you must be trade full time, right?
  3. Do you think it will work on higher time frames such as 1H, 4H and Daily. I started to look at 1H historical results and it seems to work pretty well there.

Thanks!

  • #22
  • Edited 11:57am Jul 3, 2008 10:11am | Edited 11:57am
Quoting Wahnone
I use the qqe as a trigger to enter a trade but i am looking to add a better trigger as qqe often enters late and gets me into more trades.
I assume you've already tried adjusting the parameters on QQE for starters, right?

Beyond that, here are some indicators attached you might play with as a replacement or supplement to QQE.

Attached File(s)
File Type: ex4 Hist_StepMA_Stoch_KV1_Ex_02.ex4   6 KB | 1,403 downloads


Attached File(s)
File Type: ex4 ###Gann_HiLo_Activator_v2###.ex4   2 KB | 1,204 downloads


Attached File(s)
File Type: mq4 Inverse Fisher Transform of RSI.mq4   6 KB | 1,245 downloads


Attached File(s)
File Type: mq4 RSIOMA_v3.mq4   8 KB | 1,193 downloads


Attached File(s)
File Type: mq4 Ehlers Fisher transform histo.mq4   4 KB | 1,260 downloads
  • #23
  • Jul 3, 2008 10:42am Jul 3, 2008 10:42am
First was around +40 pips and second was around +20 pips. Both on gbpusd 15min.
Attached Image (click to enlarge)
Click to Enlarge Name: today.gif Size: 48 KB
  • #24
  • Jul 3, 2008 10:47am Jul 3, 2008 10:47am
Quoting majorbillion
Hi

Thank you for sharing your system. I trust that you will be well-rewarded by suggestions that people have on how to improve your approach. I am looking forward to trying it out. Here are some questions I have for you:

  1. Over the time you've been trading it live, how has your win/loss ratio been? And how long have your been trading it?
  2. Since you are able to trade the 15M TF and during the hours you mention, you must be trade full time, right?
  3. Do you think it will work on higher time frames such as 1H, 4H and Daily. I started to look at 1H historical results and it seems to work pretty well there.

Thanks!


I just started trading the system a couple of weeks ago so i havent yet determined its profit to loss ratio and besides i only do it on demo for now but will soon start it on live account.
I trade fuul time but stop when i feel okay.
You can do some backtesting to see if it will work on other timeframes as i havent tested it on any other time frame besides 15min.
  • #25
  • Jul 3, 2008 10:49am Jul 3, 2008 10:49am
Quoting majorbillion
I assume you've already tried adjusting the parameters on QQE for starters, right?

Beyond that, here are some indicators attached you might play with as a replacement or supplement to QQE.

Attachment

Attachment

Attachment

Attachment

Attachment
The qqe is a very fine indicator but its not a must for me. The main indicators are the moving averages and the momentum indicator. I would take a look at the indicators you posted. Thanks.
  • #26
  • Jul 3, 2008 10:55am Jul 3, 2008 10:55am
One thing i don't do is trade against a barrier such as the pivot points and the 200 moving average. These two could be adapted as filters. But i dont want to make this system anymore complicated so these additions are not soooo important, they are only meant as guides.
I trade only gbpusd 15min and sometime usdjpy also on 15min as i dont like too much noise and at the same time i dont like staying too long on a trade. GBPUSD is the best for this strategy so far and i am not planning to add any more pairs as it would be confusing at times moving from one pair to another.
Also when the market is ranging or sleeping ( like right now ), i don't like to trade as it would entail staying long to take only a small profit. I recognise a ranging and sideways market by my instinct but this sometimes affects my trading as i could also filter out some good trades. These are just a few additions which i added to this system.
  • #27
  • Edited Jul 4, 2008 6:12am Jul 3, 2008 5:58pm | Edited Jul 4, 2008 6:12am
I started trading your system live today and it did very well indeed for me!
Following your entry rules I backtested (although I don't usually do that as I find backtesting unreliable) for the last 8 days it had 18 winners and 5 losers.

Not too shabby indeed! Popping 3 lots per trade and I exit after 30 pips with a S/L of 20 pips (on good trending days, otherwise my TP will be only 20. I trade the G/U ONLY between 2:30est and 6:30est. I got off Heiken Ashi candles awhile back. Now I'm back to em. And actually, trading the strategy as is, one can almost elminate the candles competely and just trade the crosses.

Presently I'm looking at using a 34MA as a barrier. With a 15M chart and my TP goal the 200MA is not relevant to any trades. And I'll watch the trade as it nears a S/R level, but too many times the trades will spike right past them. Price is ALWAYS going to do what price wants to do, regardless of S/R, Fibs, or any indicator.

Kudos on a nice clean and simple strategy!
  • #28
  • Jul 4, 2008 9:00am Jul 4, 2008 9:00am
Quoting Flamenco143
I started trading your system live today and it did very well indeed for me!
Following your entry rules I backtested (although I don't usually do that as I find backtesting unreliable) for the last 8 days it had 18 winners and 5 losers.

Not too shabby indeed! Popping 3 lots per trade and I exit after 30 pips with a S/L of 20 pips (on good trending days, otherwise my TP will be only 20. I trade the G/U ONLY between 2:30est and 6:30est. I got off Heiken Ashi candles awhile back. Now I'm back to em. And actually, trading the strategy as is, one can almost elminate the candles competely and just trade the crosses.

Presently I'm looking at using a 34MA as a barrier. With a 15M chart and my TP goal the 200MA is not relevant to any trades. And I'll watch the trade as it nears a S/R level, but too many times the trades will spike right past them. Price is ALWAYS going to do what price wants to do, regardless of S/R, Fibs, or any indicator.

Kudos on a nice clean and simple strategy!

How did your trades live out yesterday? mine were okay with around 60 pips in profit toltally as i avoid news periods. Also, which timeframe did you trade this with?
Wahnone
  • #29
  • Jul 4, 2008 9:22am Jul 4, 2008 9:22am
I am looking to add the gann hilo activator to act as filter to the moving averages and possibly use it as the exit trigger. What do you guys think?
  • #30
  • Jul 4, 2008 10:14am Jul 4, 2008 10:14am
Quoting Wahnone
How did your trades live out yesterday? mine were okay with around 60 pips in profit toltally as i avoid news periods. Also, which timeframe did you trade this with?
Wahnone
I'ma happy camper from yesterday. Popped my 30 pips w/ 3 lots and I trade the 15M tf only. Even after trading 5 years I don't possess the patience to handle longer tf trades, but then I am at the computer full time, so the shorter tf's work well for me and my personality.

I'm using the 5 8 EMA Crossover alert from your thread that Mart-hart posted and it works well enuff for me.

I've used the Gann Hilo Activator in the past. No complaints with it, it's just not my cup of tea. For my trading style it just doesn't work for me to sit and ride trades out for any indicator to tell me when to exit. I've seen too many profits get eaten away once I had them.

Like Felicia (The Cornflower Creator) says, quit the day even if you have just 1 pip profit.
  • #31
  • Jul 4, 2008 10:45am Jul 4, 2008 10:45am
The ma's are pretty good on there but i just found that we could add the gann hilo to filter out some ranging or flat market. But if we follow the rules and trade only during volatile market periods, then we would get less false signals.
  • #32
  • Jul 4, 2008 11:29am Jul 4, 2008 11:29am
Hi Wahnone

Looking at your chart in post #23, your first trade is a Sell at 09:30.

My question is, why did you not make a BUY trade at 09:00 ?

Thanks
  • #33
  • Jul 4, 2008 11:36am Jul 4, 2008 11:36am
Hi Wahnone,

Thanks for posting your trading strategy here at FF.

I see where you are coming from on using the other indicators to help filter out more of the losing trades and getting you into more winners. They may help, since most MA crossover systems are known for whipping you to death during ranging markets. Trading a higher timeframe like 1h or 4h may help even more.

Wishing you good fortune.

Dave
  • #34
  • Jul 4, 2008 12:04pm Jul 4, 2008 12:04pm
Quoting Aspire
Hi Wahnone

Looking at your chart in post #23, your first trade is a Sell at 09:30.

My question is, why did you not make a BUY trade at 09:00 ?

Thanks

I would have entered it and exited at a very small loss of probably 5 to 10 pips because i do use a stop loss of 20 and a trailing stop of 20. I didn't enter the trade at all because i had not yet started my trading session by that time.
  • #35
  • Jul 4, 2008 2:52pm Jul 4, 2008 2:52pm
Hello Wanhone,

Could you post this parabolic sar? have no idea how this works but would like to try it.

greetings, tickticker

Originally Posted by Kire http://www.forexfactory.com/images/buttons/viewpost.gif
Do you use SL? Or any idea to have SL on this system?


I occasionally use parabolic sar as a trailing stop to prevent spikes going against me.
Better being out wishing to be in, than being in wishing to be out....
  • #36
  • Jul 6, 2008 11:28am Jul 6, 2008 11:28am
Quoting tickticker
Hello Wanhone,

Could you post this parabolic sar? have no idea how this works but would like to try it.

greetings, tickticker

Originally Posted by Kire http://www.forexfactory.com/images/buttons/viewpost.gif
Do you use SL? Or any idea to have SL on this system?


I occasionally use parabolic sar as a trailing stop to prevent spikes going against me.
The parabolic sar is a standard indicator that comes with the MT4 platform in the indicators folder. It moves closer to price on the chart as time goes by and eventually converges with it. It then moves to the other side of price at some point indicating that the price momentum has stopped or is swinging back the opposite direction:

The red dots are the psar.
Attached Image (click to enlarge)
Click to Enlarge Name: psar.gif Size: 21 KB
  • #37
  • Jul 6, 2008 12:29pm Jul 6, 2008 12:29pm
PistolDave http://www.forexfactory.com/images/s...ser_online.gif
Forex Trader
Member Since Jan 2007
Posts: 21


http://www.forexfactory.com/images/icons/icon1.gif PSAR
Quote:
Originally Posted by tickticker http://www.forexfactory.com/images/buttons/viewpost.gif
Hello Wanhone,

Could you post this parabolic sar? have no idea how this works but would like to try it.

greetings, tickticker

Originally Posted by Kire http://www.forexfactory.com/images/buttons/viewpost.gif
Do you use SL? Or any idea to have SL on this system?


I occasionally use parabolic sar as a trailing stop to prevent spikes going against me.

The parabolic sar is a standard indicator that comes with the MT4 platform in the indicators folder. It moves closer to price on the chart as time goes by and eventually converges with it. It then moves to the other side of price at some point indicating that the price momentum has stopped or is swinging back the opposite direction:

The red dots are the psar.

Thanks Dave, i think i´ve got the picture, the sar runs so to say only on the chart, it is not a system as i thought, maybe like a kind of a flexible stoploss. i already checked it on the charts but didnt know what to think about before i got your explanation. Correct me please if ia m wrong, that means when the sar converges or crosses the price, price reached it´s momentally high and it´s to think about to lock in some profit or close the position complete?

thanks, tick
Better being out wishing to be in, than being in wishing to be out....
  • #38
  • Jul 6, 2008 6:32pm Jul 6, 2008 6:32pm
Hi Guys,
here i uploaded one Chart from Wahnone and one of mine, Please can somebody tell me, This yellow number 0.50 in Wahnone´s 15 min Chart, shows in my 1 and 4 hour Chart 0.52, on smaller TF´s i cannot see it.
Do i have to change that? I think so. How can i change that? Why can´t i see it on my 30 or 15 min TF? And what purpose does it have? Thanks Guys for answering.

greetings tick
Attached Image (click to enlarge)
Click to Enlarge Name: 1wahnone.gif Size: 65 KB
Attached Image
Better being out wishing to be in, than being in wishing to be out....
  • #39
  • Jul 6, 2008 6:39pm Jul 6, 2008 6:39pm
Hi Guys,

to my latest questions i have to say, yes i can see this yellow number on smaller TF´s but it is somewhere in the middle of the Chart when i´m scrolling backward, but still it shows 0.52 not 0.50 like on Wahnone´s.

thanks, tick
Better being out wishing to be in, than being in wishing to be out....
  • #40
  • Jul 7, 2008 2:37am Jul 7, 2008 2:37am
Wahnone:
I noticed on your charts you're showing regular candles now. Are you not using the Heiken Ashi candles anymore?
0 traders viewing now