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new system - not "LOL"

  • #1
  • First Post: Feb 6, 2007 6:03am Feb 6, 2007 6:03am
I have been playing with a an old system
but added a filter
which seems to keep us out of 25-30% of bad trades

30 min charts

3 tools
1.macd normal setting : base signal
2.sar normal setting : sell/buy signal
3.20 sma : filter - mid-term trend

buy
1. macd trending up
2. 20 sms trending up or flat!
3. sar gives a buy sign

to sell
the opp.

to exit the trade
1. 20sma flatting out in the opp way
2. sar in the opp direction will be the exit signal

( I still like to trade with the day trend)
  • #2
  • Feb 6, 2007 3:14pm Feb 6, 2007 3:14pm
Quoting TEB63
I have been playing with a an old system
but added a filter
which seems to keep us out of 25-30% of bad trades

30 min charts

3 tools
1.macd normal setting : base signal
2.sar normal setting : sell/buy signal
3.20 sma : filter - mid-term trend

buy
1. macd trending up
2. 20 sms trending up or flat!
3. sar gives a buy sign

to sell
the opp.

to exit the trade
1. 20sma flatting out in the opp way
2. sar in the opp direction will be the exit signal

( I still like to trade with the day trend)

TEB63... can you post a chart for us?

Good luck with your system!
  • #3
  • Feb 6, 2007 3:19pm Feb 6, 2007 3:19pm
this is close to what i use, for the most part it is very accurate
i like to use a 10 and 50 MA also though
  • #4
  • Feb 6, 2007 6:01pm Feb 6, 2007 6:01pm
Quoting pipple
this is close to what i use, for the most part it is very accurate
i like to use a 10 and 50 MA also though

Hey Pipple... I would be interested in looking at one of your charts too if you can display it for us here.

Thanks a bunch!
  • #5
  • Feb 6, 2007 6:30pm Feb 6, 2007 6:30pm
you say it is like what I do but you use 10/50

how is it like ? do you use the 10/50 & not the macd
or not the 20sma?

I wiill true to get a graph up tomorrow
  • #6
  • Feb 6, 2007 8:39pm Feb 6, 2007 8:39pm
Attached Image
  • #7
  • Feb 6, 2007 8:47pm Feb 6, 2007 8:47pm
in fact I use a two line macd just can not get it picture so I am MT4

so we have black "X" & black "arrows"

The Xs are where the macd & sar where in buy (sell)
but the 20 sma said no way.

the arrows are where all three where in buy (sell)'

-its that easy

-I might add I would still keep my eye on the day trend
  • #8
  • Feb 6, 2007 9:02pm Feb 6, 2007 9:02pm
tthe 3rd X from the left
should be an arrow up
sorry
like I said i like the 2 line Macd
  • #9
  • Feb 7, 2007 5:07am Feb 7, 2007 5:07am
this is a better chart

SIGNS
The X don't buy /sell because 20 sma is not going in the not right way
but the macd & sar are
red arrow sell all three good to go
green arrow buy all three good to go

I know the trend is up on this day chart
& so I am looking for a reason to buy !!!!
ie. the 20 SMA needs to be only flat

I am selling ONLY when it looks GREAT to do it
ie. the 20SMA must be trending & not just flat
  • #10
  • Feb 7, 2007 5:20am Feb 7, 2007 5:20am
[IMG]file:///C:/Documents%20and%20Settings/Default/Desktop/My%20Pictures/macd%202.gif[/IMG]
  • #11
  • Feb 7, 2007 5:35am Feb 7, 2007 5:35am
http://macd2
  • #12
  • Feb 7, 2007 6:36am Feb 7, 2007 6:36am
how do you post a chart I have one to put in

but have not been able to !!!!!!!!!!!!
  • #13
  • Feb 7, 2007 7:22am Feb 7, 2007 7:22am
i also cannot post a chart, have wanted to in order to show trades i was doing, unfortunately i cant quite figure it out.
  • #14
  • Feb 7, 2007 12:26pm Feb 7, 2007 12:26pm
Hello All ..

I've read this system today and tried it with Demo , i picked Eur/Jpy to try with and i left the trade on ..

I'm now 41+ pips up .. but i think this system still needs a filter ..

What do u think TEB63 ...

Thanx for sharing ..

Salam ..
  • #15
  • Feb 7, 2007 1:30pm Feb 7, 2007 1:30pm
TEB63, thanks for sharing your trend following system. It should work well enough, provided that prices don't move sideways, generating "false" SAR signals, too frequently. Probably better, then, to trade the sessions when volatility is highest.

Don't know if this is helpful, but attached is an MQ4 of the "traditional" MACD histogram, with both the MACD and its signal line, and the histogram that represents the difference between the two. And a screenshot.

Best wishes
David
Attached Image
Attached File(s)
File Type: mq4 MACD trad.mq4   3 KB | 901 downloads
  • #16
  • Feb 7, 2007 1:54pm Feb 7, 2007 1:54pm
thanks

that is why I use the 20sma
I find it filters out a lot of the bad trades
  • #17
  • Feb 7, 2007 3:42pm Feb 7, 2007 3:42pm
http://www.forexfactory.com/images/attach/jpeg.gif
  • #18
  • Feb 8, 2007 7:38am Feb 8, 2007 7:38am
Do you only use this system for GBPJPY? It seems that its only good if the pair trends very well which this pair does. When I looked at this with other pairs, one may get bad trades especially if the pair does not have a strong trend though signals are met. Do you use any other criteria for determining whether the market is ranging or trending?
  • #19
  • Feb 8, 2007 9:24am Feb 8, 2007 9:24am
ride now asthe carry trade is on I am only doing carry trade
but it will come & go & come again

the GPB /USD is great

I like the Pound & Yen
the pound because it moves so well
& the yen because of the interst + when it is
  • #20
  • Feb 8, 2007 9:27am Feb 8, 2007 9:27am
Attached Image
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