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The simple stupid system

  • #61
  • Jul 8, 2008 6:52am Jul 8, 2008 6:52am
Quoting tickticker
I like the system, itīs a great help in identifying the direction, which price will head with a high probability.
The Art is to identify the real movers and in my eyes thatīs really an Art and in that it looks like i am not the succesfullest. The criterias for long and short are easy.
Wahnon himself says he is not trading against barriers. So in this case one should not take the actual trade now because it will go against the pivot level from this fibonacci pivots indicator which wahnone posted yesterday, (many thanks for that, it appears a lil different like my auto pivots still didnt figure out why what differs).
My qustion now is, what do i not see? I took the trade before, i took it a lil late cause was hesitating after it brohe the pivot level but then i took it and got out with a lil loss from around 13 pips or so. Now the actual trade pushes against the pivot level and if it breaks and the next candle is closing underneeth, is it then a good time to go in or is it not recomandable because it is still lurking around the pivot level or because one should take the trade imediately when it appear. I would appreciate very much if you guys would post me your thoughts how you do it under which criterias.

thx, tick

About the price breaking the pivot points, it depends on your personalty. If you can afford to risk going against a barrier like the pivot, then so be it. Personally, i do not trade against any barrier and on this particular trade I also entered after the candle closed above the pivot, and I also had about the same loss as you. It doesn't bother me because i know a better trade will come up at some other time.
Note: Losing is part of the game. Just be assured that the good trades will outpip the bad ones.
Good hunting.
  • #62
  • Jul 8, 2008 9:18am Jul 8, 2008 9:18am
Yes Wahnone, i am with you, till now i am happy with my profit/loss ratio, I am just asking myself how can i eliminate as much as possible from the losing trades or even avoid those trades which are going suddenly in a range and sometimes i write down my thoughts, like last post, i installed this fibonacci pivot which you posted just a few hours ago and i cannot scroll back and see much from former trades, how the trades around those levels were reacting but in the little history i can see, it appears me that when the market goes to a sup/res or the fibo level and bounces off and after that comes the trade, theese trades seem to be the bigger movers, as i said i have no history about that. The Ranging problem and whipsawing to dead can be eliminated when trading in the right daytime and of course not trading in ranging markets, whell if the range is big enough itīs quiet nice and easy to trade with this system.

greetings, tick
Better being out wishing to be in, than being in wishing to be out....
  • #63
  • Jul 8, 2008 9:47am Jul 8, 2008 9:47am
I had a look at the usdjpy this morning and when a setup came on it, i took it and it is currently around +50 pips. I also entered the gbpusd at 9:00 GMT and it is also currently around +50 pips. Will post my charts at the end of the day.
Good Hunting.
  • #64
  • Jul 8, 2008 10:40am Jul 8, 2008 10:40am
I have forward tested the system with SL30 & TP300 on GU M15, here are the results.
Attached Image (click to enlarge)
Click to Enlarge Name: 08.07.08 - The simple stupid system.gif Size: 7 KB
Attached File(s)
File Type: zip 08.07.08 - The simple stupid system.zip   8 KB | 726 downloads
  • #65
  • Jul 8, 2008 10:48am Jul 8, 2008 10:48am
Quoting funyoo
I have forward tested the system with SL30 & TP300 on GU M15, here are the results.
According to your forward testing rules, the stop loss is relatively too tight for such wide take profit. Would be nice if you could come with an ea that would take the trades exactly according to the rules in post 1. I have no idea of programming but if you could come up with an ea, it would be nice as we would be able to test the system more effectively.
  • #66
  • Jul 8, 2008 11:30am Jul 8, 2008 11:30am
[quote=tickticker;2096897 I would appreciate very much if you guys would post me your thoughts how you do it under which criterias.

thx, tick[/quote]
I'll be happy to answer some of your questions based on my experience and trading style, but I don't want to take up room here and get away from specific postings that discusses the Simple Stupid System. Too many threads get away from the main subject.
Easiest to just email me at [email protected]
  • #67
  • Jul 8, 2008 9:27pm Jul 8, 2008 9:27pm
Please check it - there might be some bugs.

The EA checks the conditions per post #1 and places an order on the next candle opening (instead of the candle close)

I tested on GU M15 May 2007 through Jan 2008 and can't get good results.
This system may be good when the currency is trending ???

What I don't know is how to exit ;;; right now EA exits when the opposite cross happens (check closeemadiff) or the SL is hit

Please test it guys and lets see if we can make it work.

ps. Wahnone please post your char for today as you promised

m78


here's what you need to read

//The simple stupid system EA
//http://www.forexfactory.com/showthread.php?t=94006
//Version 1.00 alfa

//you have to have MomentumVT.ex4 and "Dinapoli stoch".ex4 in your experts/indicators directory

//magic number so you can run more than one of this EMA on the same currency
extern int MagicNumber = 0;
//how many lots to buy/sell
extern double Lots = 1;
//slippage for completing orders
extern int Slippage = 5;
//for long trade - we'll enter when stoch main - stoch signal > stochdifflevel
//for short trade - we'll enter when stoch main - stoch signal < -stochdifflevel
extern double stochdifflevel = 10;
//for long trade - we'll enter when momentum > momlevel
//for short trade - we'll enter when momentum < -momlevel
extern int momlevel = 9;
//we'll enter when ema cross happens and abs(ema5 - ema8) >= buyemadiff
extern double buyemadiff = 5;
//we'll close when ema cross happens and abs(ema5 - ema8) >= closeemadiff
extern double closeemadiff = 2;
//maximum stop loss per trade
extern int StopLoss = 50;
//leave this 0 if you want the EA to close the trade by itself
extern int TakeProfit = 0;
//this is the difference to GMT of your broker's server time
//eg: Alpari is GMT+02 so should be gmt_plus_x = 2; for OLD - GMT+00 gmt_plus_x = 0
extern int gmt_plus_x = 0;
Attached File(s)
File Type: mq4 stupidema58.mq4   6 KB | 696 downloads
  • #68
  • Jul 9, 2008 5:40am Jul 9, 2008 5:40am
Two trades taken on july 8.
First trade extited at around -10 pips and second trade exited at around +75 pips. I entered the first trade late because i was waiting for the price to break the pivot before i get in. The aggregate no. of pips was around +65 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: today.gif Size: 54 KB
  • #69
  • Jul 9, 2008 6:24am Jul 9, 2008 6:24am
Quoting m78
Please check it - there might be some bugs.

The EA checks the conditions per post #1 and places an order on the next candle opening (instead of the candle close)

I tested on GU M15 May 2007 through Jan 2008 and can't get good results.
This system may be good when the currency is trending ???

What I don't know is how to exit ;;; right now EA exits when the opposite cross happens (check closeemadiff) or the SL is hit

Please test it guys and lets see if we can make it work.

ps. Wahnone please post your char for today as you promised

m78


here's what you need to read

//The simple stupid system EA
//http://www.forexfactory.com/showthread.php?t=94006
//Version 1.00 alfa

//you have to have MomentumVT.ex4 and "Dinapoli stoch".ex4 in your experts/indicators directory

//magic number so you can run more than one of this EMA on the same currency
extern int MagicNumber = 0;
//how many lots to buy/sell
extern double Lots = 1;
//slippage for completing orders
extern int Slippage = 5;
//for long trade - we'll enter when stoch main - stoch signal > stochdifflevel
//for short trade - we'll enter when stoch main - stoch signal < -stochdifflevel
extern double stochdifflevel = 10;
//for long trade - we'll enter when momentum > momlevel
//for short trade - we'll enter when momentum < -momlevel
extern int momlevel = 9;
//we'll enter when ema cross happens and abs(ema5 - ema8) >= buyemadiff
extern double buyemadiff = 5;
//we'll close when ema cross happens and abs(ema5 - ema8) >= closeemadiff
extern double closeemadiff = 2;
//maximum stop loss per trade
extern int StopLoss = 50;
//leave this 0 if you want the EA to close the trade by itself
extern int TakeProfit = 0;
//this is the difference to GMT of your broker's server time
//eg: Alpari is GMT+02 so should be gmt_plus_x = 2; for OLD - GMT+00 gmt_plus_x = 0
extern int gmt_plus_x = 0;


Thanks a lot for the good work. The EA is perfectly okay apart from a few little bit late entries. You said that you tested this system on the cable from may 2007 to january 2008 and didn't get good results, it might be because the testing included times when the market wasn't volatile or it could be that the cable had changed its personalty over the last few months. According to manual backtesting result, the system is quite profitable.
Back to the ea, could you make it to have time settings so that we would be able to set the time between the day that we want to backtest(e.g from 6:00 GMT to 18:00 GMT) because that is the only period that this system can be truly productive.
Thanks for the work once more.
Good Hunting.
  • #70
  • Jul 9, 2008 7:16am Jul 9, 2008 7:16am
Can you post the attachment that shows the different colored boxes showing which markets are open? That is a great informative tool to have on the charts!

Thanx in advance!
  • #71
  • Jul 9, 2008 7:24am Jul 9, 2008 7:24am
Quoting Flamenco143
Can you post the attachment that shows the different colored boxes showing which markets are open? That is a great informative tool to have on the charts!

Thanx in advance!
You set the time according to your broker time.
Attached File(s)
File Type: ex4 i-Sessions pst.ex4   6 KB | 881 downloads
  • #72
  • Jul 9, 2008 10:47am Jul 9, 2008 10:47am
I traded the usdjpy yesterday and got some good results, bagging in about +100 pips altogether. Below is an attached screenshot.
Attached Image (click to enlarge)
Click to Enlarge Name: 8 july usdjpy.gif Size: 36 KB
  • #73
  • Jul 9, 2008 12:36pm Jul 9, 2008 12:36pm
I have a few additional i base all my intraday strategies upon including the simple stupid system. Here are the rules:
1. Try as much as possible to avoid news time. Personally, i do not open a new position when a big news is coming up. If i have a trade on, i either pick it or lock in some of my profits if they are substantial.
2. If the setup is just coming up, i don't count too much on the pivots if price are still a bit far from it. This will rwduce having to wait until price breaks the pivot.

Thanks to m78 for the expert advisor. Although it takes off the trades quite well, it has a few lapses. For instance, i just finished backtesting the system for last week, it took off some trades well while at some point or the other, some trades were not taken or exited rather too late or too early.Also, it can't take into consideration the above rules when it is being backtested. I would appreciate more effort on perfecting this ea, but for now i would suggest that you backtest this system manually. Thanks to m78 once again.

I will post my charts for today very soon. Watchout.

Good Hunting.
  • #74
  • Jul 9, 2008 1:07pm Jul 9, 2008 1:07pm
Had two trades today. First one was a loss of about 5pips, second was a profit of around +110 pips. Exited second trade because my trading session has ended. Hope you also had a nice day with this system. Attached below is the screenshot.

Good Hunting.
Attached Image (click to enlarge)
Click to Enlarge Name: 9 july gbpusd.gif Size: 37 KB
  • #75
  • Jul 9, 2008 6:43pm Jul 9, 2008 6:43pm
Quoting Wahnone
Thanks to m78 for the expert advisor. Although it takes off the trades quite well, it has a few lapses. For instance, i just finished backtesting the system for last week, it took off some trades well while at some point or the other, some trades were not taken or exited rather too late or too early.Also, it can't take into consideration the above rules when it is being backtested. I would appreciate more effort on perfecting this ea, but for now i would suggest that you backtest this system manually. Thanks to m78 once again.
Hi, actually you can tweak the ea with the settings ...
Click on expert advisor options or modify the mq4 source code file

I think these are the rules that you normally use ...

extern double stochdifflevel = 0;
extern int momlevel = 0;
extern double buyemadiff = 1.5;
extern double closeemadiff = 1;

Also do you pay attention how many candles ago the stochastic cross happened when you place your trades ?

m78
  • #76
  • Jul 10, 2008 7:07am Jul 10, 2008 7:07am
Quoting m78
Hi, actually you can tweak the ea with the settings ...
Click on expert advisor options or modify the mq4 source code file

I think these are the rules that you normally use ...

extern double stochdifflevel = 0;
extern int momlevel = 0;
extern double buyemadiff = 1.5;
extern double closeemadiff = 1;

Also do you pay attention how many candles ago the stochastic cross happened when you place your trades ?

m78

I do not pay attention to how many candles ago the stochastic crossed, just make sure it corresponds with all other indicators. I do not think you included the qqe alert as part of the entry parameters for the EA. Please refer to post 1 for the updated rules of this system. Thanks for your help.

Good Hunting.
  • #77
  • Jul 10, 2008 2:49pm Jul 10, 2008 2:49pm
Quoting Wahnone
I do not pay attention to how many candles ago the stochastic crossed, just make sure it corresponds with all other indicators. I do not think you included the qqe alert as part of the entry parameters for the EA. Please refer to post 1 for the updated rules of this system. Thanks for your help.

Good Hunting.
You're right. the QQE alert simply doesn't draw any arrows for me ... so I have no way of making it work. Do you happen to have an mq4 of that QQE Alert indicator ?

m78
  • #78
  • Jul 10, 2008 6:16pm Jul 10, 2008 6:16pm
Quoting m78
You're right. the QQE alert simply doesn't draw any arrows for me ... so I have no way of making it work. Do you happen to have an mq4 of that QQE Alert indicator ?

m78
If this isn't what you need let me know. I think I have one that's not Multi-frame.
Attached File(s)
File Type: ex4 ###QQE_Alert_MTF_v2###.ex4   9 KB | 737 downloads
  • #79
  • Jul 10, 2008 6:22pm Jul 10, 2008 6:22pm
Here's one that may be better.
Attached File(s)
File Type: mq4 QQEA_Alert.mq4   5 KB | 912 downloads
  • #80
  • Jul 10, 2008 6:28pm Jul 10, 2008 6:28pm
Hopefully one of em will be what you need.
Attached File(s)
File Type: mq4 QQE Alert v3.mq4   6 KB | 1,074 downloads
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