Ema-84 Only.....8415 - System | Forex Factory

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Attachments: Ema-84 Only.....8415 - System
Exit Attachments

Ema-84 Only.....8415 - System

  • #1
  • First Post: Edited Sep 28, 2007 9:43am Feb 5, 2007 3:35pm | Edited Sep 28, 2007 9:43am
Hi,

I did 3month forward test and need another 1 or 3 month more, before live trading. I need constructive suggestions for this simple system (8415-System):

EMA-84 on 15M graph and only for GBPUSD.

Set-up, Entry+Exit Rules in below word-format.
and @8415System Money Management
Regards
Attached File(s)
File Type: doc 8415-SYSTEM.doc   855 KB | 1,521 downloads | Uploaded Sep 26, 2007 7:58am
File Type: zip 8415-SystemMM.zip   8 KB | 859 downloads | Uploaded Sep 28, 2007 9:42am
  • #2
  • Feb 5, 2007 3:38pm Feb 5, 2007 3:38pm
Last trade was Feb 2, still open now
Attached Image
  • #3
  • Feb 5, 2007 5:22pm Feb 5, 2007 5:22pm
Position still open, today is perfect sample of TP.


EXIT :


Exit-Rule always difficult, I choose the following

[1]. SL : lower line of tunnel (for BUY position) and upper line of tunnel (SELL position).
[2]. 1st bar after change color from blue to red (for BUY position) and change color from red to blue (SELL POSITION) or
[3]. Several EXIT ( take profit) as per line fibs.


This time I use rule no [2] that's why I let the position open until new signal arise, however from graph below you notice that rule no. [3] are hit, i.e. line c, d and e, respectively.



Regards
Attached Image
  • #4
  • Feb 5, 2007 7:27pm Feb 5, 2007 7:27pm
Out : EMA84 change color to BLUE
S : 1.9668
B : 1.9610

+ 58
Attached Image
  • #5
  • Feb 5, 2007 7:42pm Feb 5, 2007 7:42pm
  •  vrama
  • | Joined Dec 2006 | Status: BE at right place@right time = LUCK | 210 Posts
Quoting sharp
Hi,

I did 3month forward test and need another 1 or 3 month more, before live trading. I need constructive suggestions for this simple system (8415-System):

EMA-84 on 15M graph and only for GBPUSD.

Set-up, Entry+Exit Rules and Daily Trading Journal in below word-format. Detail trading and money management is in sheet excel file, both will be updated daily.

Regards
I am using IFX IT Finance charts. How do I create those tunnels?

thanks
All things are difficult before they are easy.
  • #6
  • Feb 5, 2007 8:59pm Feb 5, 2007 8:59pm
Quoting vrama
I am using IFX IT Finance charts. How do I create those tunnels?

thanks
I use MT4 indic below.
Hope help

Regards
Attached File(s)
File Type: mq4 iMA_Fibs_Above.mq4   5 KB | 992 downloads
File Type: mq4 iMA_Fibs_Below.mq4   5 KB | 955 downloads
File Type: mq4 FX Sniper's MA.mq4   2 KB | 976 downloads
  • #7
  • Feb 5, 2007 9:00pm Feb 5, 2007 9:00pm
New Entry ( 5th bar after EMA-84 line change color to Blue)

Feb 6:
BUY : 1.9610
SL : 1.9585 (lower line of tunnel)

Regards
  • #8
  • Feb 5, 2007 10:08pm Feb 5, 2007 10:08pm
Hi Sharp,

Just going through your system when i tried to compile it , i am getting following errors

'indicator_color2' - defined value expected D:\Program Files\Interbank FX Trader 4\experts\indicators\iMA_Fibs_Above.mq4 (14, 1)
'indicator_color3' - defined value expected D:\Program Files\Interbank FX Trader 4\experts\indicators\iMA_Fibs_Above.mq4 (15, 1)
'indicator_color4' - defined value expected D:\Program Files\Interbank FX Trader 4\experts\indicators\iMA_Fibs_Above.mq4 (16, 1)
'indicator_color5' - defined value expected D:\Program Files\Interbank FX Trader 4\experts\indicators\iMA_Fibs_Above.mq4 (17, 1)
'indicator_color6' - defined value expected D:\Program Files\Interbank FX Trader 4\experts\indicators\iMA_Fibs_Above.mq4 (18, 1)
'indicator_color7' - defined value expected D:\Program Files\Interbank FX Trader 4\experts\indicators\iMA_Fibs_Above.mq4 (19, 1)
'indicator_color8' - defined value expected D:\Program Files\Interbank FX Trader 4\experts\indicators\iMA_Fibs_Above.mq4 (20, 1)
  • #9
  • Feb 5, 2007 11:14pm Feb 5, 2007 11:14pm
Quoting syedforex
Just going through your system when i tried to compile it , i am getting following errors

'indicator_color2' - defined value expected D:\Program Files\Interbank FX Trader 4\experts\indicators\iMA_Fibs_Above.mq4 (14, 1)

etc..
Inserted Code
#property indicator_color2 CodeBlue
 #property indicator_color3 CodeBlue
 #property indicator_color4 CodeBlue
 #property indicator_color5 CodeBlue
 #property indicator_color6 CodeBlue
 #property indicator_color7 CodeBlue
 #property indicator_color8 CodeBlue


"CodeBlue" is not a MT4 color, you can replace that in the properties by any other color of the charts (right-click on chart, properties, see the color palette in any of the options, name shows when placing mouse on color).

Just replace and compile, it should give you no errors.

.
  • #10
  • Feb 6, 2007 12:00am Feb 6, 2007 12:00am
Quoting sharp
New Entry ( 5th bar after EMA-84 line change color to Blue)

Feb 6:
BUY : 1.9610
SL : 1.9585 (lower line of tunnel)

Regards
Do you count the candle during which the colour change occurs?
  • #11
  • Feb 6, 2007 8:30am Feb 6, 2007 8:30am
Quoting sharp
New Entry ( 5th bar after EMA-84 line change color to Blue)

Feb 6:
BUY : 1.9610
SL : 1.9585 (lower line of tunnel)

Regards

TP line 3 ; 1.9662, TP line 4 : 1.9696 are hit but TP line 5 1.9740 still far away.

Now at 1.9684.
Attached Image
  • #12
  • Feb 7, 2007 5:56am Feb 7, 2007 5:56am
I like this system well.Now long 1.971 is OK?
stop loss is 1.967.

I am Japanese.Sorry,I can not write English well.
  • #13
  • Feb 7, 2007 8:28pm Feb 7, 2007 8:28pm
Quoting coco
I like this system well.Now long 1.971 is OK?
stop loss is 1.967.

I am Japanese.Sorry,I can not write English well.
Hello Coco

Still open long 1.9610 as per above
  • #14
  • Feb 7, 2007 9:12pm Feb 7, 2007 9:12pm
hi sharp
nice system,
with your long at 9610, about 1 hr after that
entry the color changed to red and there was 5 bars, which signals a short,
how did u filter out this trade, im very interested as if i can filter out the bad signals , then it becomes alot more profitable.

westie
  • #15
  • Feb 7, 2007 10:02pm Feb 7, 2007 10:02pm
Looks very simple ... got several questions tho': do you actually need to wait after the EMA cross or do you trade immediately? if you do wait, how long do you usually wait until you actually make a trade? hows your ST and TP?
Thanks for sharing your system....
  • #16
  • Feb 7, 2007 10:34pm Feb 7, 2007 10:34pm
simple, complicated looking system, love it

i suggest the owner of this thread to join my competition
https://fx2.oanda.com/mod_perl/fxcon...t&contestId=48
  • #17
  • Feb 7, 2007 10:57pm Feb 7, 2007 10:57pm
could u plz save the Template for your chart plz sir? post it in here cuz i cant setup my chart like yours in time
  • #18
  • Feb 7, 2007 11:24pm Feb 7, 2007 11:24pm
Quoting daman
Looks very simple ... got several questions tho': do you actually need to wait after the EMA cross or do you trade immediately? if you do wait, how long do you usually wait until you actually make a trade? hows your ST and TP?
Thanks for sharing your system....
daman,

it's all explained in the .doc file sharp was kindly enough to share with us
  • #19
  • Feb 7, 2007 11:29pm Feb 7, 2007 11:29pm
Quoting JimboFX
daman,

it's all explained in the .doc file sharp was kindly enough to share with us
thanks sorry i miss that....
  • #20
  • Feb 7, 2007 11:35pm Feb 7, 2007 11:35pm
Quoting sharp
I use MT4 indic below.
Hope help

Regards

Hi Sharp!

Do you have another copy of "iMa Fibs /above.MQ4" that is working? I download the one that you enclosed with your post but it can not be opened. The other two files were ok and they both work without any problem.

Thanks for sharing you strategy with the rest of us.

Kham
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