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Attachments: L'mas System
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L'mas System

  • #1
  • First Post: Edited Jul 25, 2008 10:56pm Jul 24, 2008 10:25am | Edited Jul 25, 2008 10:56pm
I have here a few months work in the forex and try several strategies, and i have adapted some following, and i created the following strategy it is very easy to use and has given me good results, i hope to help them (excuse me for my very poor english because i speak spanish):

indicators:

Linear Weighted Moving averange 55 apply to high
Linear Weighted Moving averange 55 apply to low
Ema 5 apply to close
[i use this indicators for the fibbonacci numbers(1,1,3,5,8,13,21,34,55)]
Macd as a filter

Buy signal

the LWMA's form a tunel and when the ema 5 cross up the tunel and the macd above zero buy
Stop loss: 16 + spread
TP= 16-80

sell signal
the LWMA's form a tunel and when the ema 5 crossing down the tunel and the macd below zero sell
Stop loss: 16 + spread
TP= 16-80


i use in the GBP/usd also in any pair gbp/* in the chart 15min also i have used in other pairs i works very well

i hope help them ...

happy trading

**************************************************************

i forgot if you trade gbp/chf SL=30 + spread

**************************************************************

exit strategy

when you enter an a buy:

I close position when the ema 5 croos again the LWMA Low

when you enter an a sell:

I close position when the ema 5 croos again the LWMA High

This usually gives a position winner and leaves a profit of 16 - 80 pips

but sometimes I had gains of 200 pips in the GBP/CHF
Attached Image(s) (click to enlarge)
Click to Enlarge Name: calletri dan.JPG Size: 56 KB
Click to Enlarge Name: calletridan2.JPG Size: 65 KB
  • #2
  • Jul 24, 2008 10:43am Jul 24, 2008 10:43am
I like what I see, and would offer this one modification for consideration:

For a BUY: The price must have a low below the lower 55 LWMA and close above the upper 55 LWMA.

For a SELL: The price must have a high above the upper 55 LWMA and close below the 55 LWMA.

Given that this is a fibo number and a considerable point of resistance a false breakout in the opposite direction could show more support/resistance and thus give a stronger breakout.

Just my thoughts, I've attached EAs for both versions (Original and My modification)
Attached File(s)
File Type: mq4 L'Mas system.mq4   12 KB | 651 downloads
File Type: mq4 L'Mas system with RR Mod.mq4   12 KB | 732 downloads
  • #3
  • Jul 24, 2008 10:51am Jul 24, 2008 10:51am
Dan - thanks for sharing this.
Ronald - thanks for the EA - i'll give it a try.
  • #4
  • Jul 24, 2008 11:03am Jul 24, 2008 11:03am
thank you for you opinion and your help, as I had said earlier about 11 months in the forex and i have working this strategy 4 months with 400-500 pips every month, but I recognise that i'm novice and i know always can be improved.

thank's for your suggestions ....

And remember this system is for all and all what we can improve....

happy trading
  • #5
  • Jul 24, 2008 12:41pm Jul 24, 2008 12:41pm
hi RR
both ea do not work in backtesting .no position is open
thanks
  • #6
  • Jul 24, 2008 1:16pm Jul 24, 2008 1:16pm
Quoting imad
hi RR
both ea do not work in backtesting .no position is open
thanks
What's your lot size?
  • #7
  • Jul 24, 2008 1:33pm Jul 24, 2008 1:33pm
We'd need a better exit strategy. Basicly it does not matter when you enter the market. You just have to know when to get out.
  • #8
  • Jul 24, 2008 1:36pm Jul 24, 2008 1:36pm
hi RR
i took finaly a position following your rules . the first one the original rules didnt take position .
thanks RR
  • #9
  • Edited 1:55pm Jul 24, 2008 1:40pm | Edited 1:55pm
Quoting imad
hi RR
i took finaly a position following your rules . the first one the original rules didnt take position .
thanks RR
I always set the default lot size in any free EA I post to 0. Why? It prevents newbies from blindly attaching my EAs to their live accounts and blaming me for any subsequent losses.

Both EAs work.
  • #10
  • Jul 24, 2008 1:49pm Jul 24, 2008 1:49pm
i didnt attach your ea to a live account , first you have never posted an ea that really works , and second who is the idiot . you should show some respect, i didnt miss respect you and i didnt post your lousy ea on my live account
i just put 1 lot cause i thought i should put a lot to this ea .
idot lousy programmer
  • #11
  • Jul 24, 2008 1:54pm Jul 24, 2008 1:54pm
Quoting imad
i didnt attach your ea to a live account , first you have never posted an ea that really works , and second who is the idiot . you should show some respect, i didnt miss respect you and i didnt post your lousy ea on my live account
i just put 1 lot cause i thought i should put a lot to this ea .
idot lousy programmer
Run both through a backtest.

My mod has considerably rarer--but for now--more powerful entries. I figure for every of my modded entries, there are 10 originals.

Now, if you don't like my programming, you're more than welcome to not use the EA/Indicator/Script. Posting any defamatory statements about me or my work is completely unacceptable and uncalled for.

I invite you to look at Rule #1

Quote
Rule #1: Respect Thy Fellow TraderAs a Forex Factory member, you are expected to treat others with respect and kindness. Mean-spiritedness, fighting, racism, offensive comments, and slander are all subject to removal. Healthy debate is welcome.

Additionally, all members have the right to trade in peace - you should not harass, attack, or disrupt another trader’s thread. If you dislike or disagree with someone’s trading methods, it’s fine to say so, but you should move on shortly thereafter.



Slander is defined as:
words falsely spoken that damage the reputation of another
aspersion: an abusive attack on a person's character or good name

I did not expressly call you an idiot. My apologies if you misinterpreted my comments. You on the other hand expressly called me a lousy programmer. Although I cannot claim myself to be the best programmer here on FF, I can definitely say I'm far from the worst.
  • #12
  • Jul 24, 2008 2:14pm Jul 24, 2008 2:14pm
Hey we should all be nice..its not like you paid for an EA and then it didn't work and now your account is blown..LOL Have you ever tried to write an EA..its very hard. RR has written many EA's and weather they work or not thats besides the point. The point is thats he is taking his time to contribute and post his knowledge. Correct me if I am mistaking but isn't this why FF was created??

OK thats my two Penny's.

Keep up the good work RR
It's me...
  • #13
  • Jul 24, 2008 3:57pm Jul 24, 2008 3:57pm
Interesting thing I notice in the backtests...

The profits from this system almost happen in 'spikes' of sorts, compared with the losses.

A pyramiding system may be useful here, along with either a trailing stop, or some other way to lock in profits.
  • #14
  • Jul 24, 2008 4:29pm Jul 24, 2008 4:29pm
Hi!! Thanks for your system I like the looks of it! I will work on this and see if we can improve the filtering of trades a little better and improve the exit stratergy. Thanks again! Look forward to working with everyone on this. Looks promising!!

Happy pippin!!
  • #15
  • Edited 6:39pm Jul 24, 2008 5:52pm | Edited 6:39pm
this is a nice system, but i see a few things that need improving.....

1. You need to trade this system during london open through ny open, otherwise breakouts are very rare....

2. MACD as a entry can be quite risky as it is an oscilator and at times can be way off and can also give many false signals....better finding a trending indicator instead. By definition, MACD should be traded with the trend.

3. If you are willing to risk 16 pips (a very good number in my estimation), at lets say a 3% risk, why not do a take profit when you are up 3%? 3% daily sounds pretty good to me.

Otherwise I think you have ther right idea. I have a great trending indicator for this which i am using to easily make 3% daily...somtimes within the 1st hour of the London open. To not clog up this thread, I will post it elsewhere as it is a modification as to what a was doing and a direction to where I am going.

400 - 500 pips monthly is good and can earn you a good living at 3% risk, but you need to (1) elimante trading during bad times and (2) add on more trades when you are in a good position...remember that you only need 16 pips profit daily to double your money every 2 months...peace...Damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #16
  • Jul 24, 2008 6:39pm Jul 24, 2008 6:39pm
Quoting damonl
this is a nice system, but i see a few things that need improving.....

1. You need to trade this system during london open through ny open, otherwise breakouts are very rare....

2. MACD as a entry can be quite risky as it is an oscilator and at times can be way off and can also give many false signals....better finding a trending indicator instead.

3. If you are willing to risk 16 pips (a very good number in my estimation), at lets say a 3% risk, why not do a take profit when you are up 3%? 3% daily sounds pretty good to me.

Otherwise I think you have ther right idea. I have a great trending indicator for this which i am using to easily make 3% daily...somtimes within the 1st hour of the London open. To not clog up this thread, I will post it elsewhere as it is a modification as to what a was doing and a direction to where I am going.

400 - 500 pips monthly is good and can earn you a good living at 3% risk, but you need to (1) elimante trading during bad times and (2) add on more trades when you are in a good position...remember that you only need 16 pips profit daily to double your money every 2 months...peace...Damon
Excellent observation!! I was backtesting and noticing you need to trade this from London open to New York close to catch the breakout. Very interested in what trending indicator you are using! Pm me or post a thread.

Thanks in advance

Many pips!
  • #17
  • Jul 25, 2008 8:55am Jul 25, 2008 8:55am
thank you very much everybody for their suggestions and by the interest in the system, i hope that together we can improve it .... thanks and remember that this system is for all ...


CALLETRI DAN
  • #18
  • Jul 25, 2008 10:43am Jul 25, 2008 10:43am
Quoting Calletri Dan
thank you very much everybody for their suggestions and by the interest in the system, i hope that together we can improve it .... thanks and remember that this system is for all ...


CALLETRI DAN
thanks for your system calletri,do u mind to attach your template? thanks
  • #19
  • Jul 25, 2008 3:09pm Jul 25, 2008 3:09pm
Quoting midwestguy94
Excellent observation!! I was backtesting and noticing you need to trade this from London open to New York close to catch the breakout. Very interested in what trending indicator you are using! Pm me or post a thread.

Thanks in advance

Many pips!
hey midwestguy...i am keeping everything at my journal page located in my signature file.
"Keep your eyes on the helpers" - Mr. Rogers
  • #20
  • Jul 25, 2008 4:24pm Jul 25, 2008 4:24pm
Here is the template i hope help them
Attached File(s)
File Type: tpl lmas system.tpl   1 KB | 504 downloads
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