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The simple stupid system

  • #101
  • Jul 30, 2008 6:04am Jul 30, 2008 6:04am
Please what does the 'qqea_alert_x_candles_ago' and the 'stochdifflevel' mean in the expert advisor.
  • #102
  • Jul 31, 2008 12:12pm Jul 31, 2008 12:12pm
I think the EA still has some mistakes. The most common one is that it doesn't exit the trade according to the rules on post 1. The rule for exit is that until both the QQE and the MA's change direction, there should be no exit. But I have found that the ea exits the trade at the first signal of any of the two i.e it exits the trade immediately after the QQE changes or the moving averages cross. Below is a sample trade taken by the EA while backtesting it. The purpose of waiting for both to change over before exiting are
1: To avoid whipsaws which arise from using the moving averages to exit as it is known that MA's are prone to being whipsawed when the market is either rangebound or flat. The QQE would help filter out some of this whipsaws.
2: The QQE also has some of its own bad sides that the moving averages filter out. For instance, the QQE comes up when the momentum begins to fall in a trending situation, but the MA's prevent us from going out of the trend before its actual end.
Please, anyone with programming skills who can help correct this mistake will be much appreciated. I think if that is done, then the EA is through to go.
M78, you are the author of this EA and your efforts are highly appreciated but please see into this issue and correct this mistake so as to make the testing of this system as accurate as possible. Just adjust the exit so that until both the QQE and the moving averages cross occurs, there will be no exit.
Thank U all.
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  • #103
  • Jul 31, 2008 12:38pm Jul 31, 2008 12:38pm
Trades taken on July 30. Totalling 30+ pips.
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  • #104
  • Jul 31, 2008 1:13pm Jul 31, 2008 1:13pm
Took in about 30+ pips.
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  • #105
  • Jul 31, 2008 2:04pm Jul 31, 2008 2:04pm
Quoting Wahnone
Chart setup: Heikin ashi
EMA 5 close
EMA 8 open
Dinapoli stoch 8-3-3
MomentumVT 10
QQE Alert Smooth Factor 1

There are two conditions for Entry.

1. Basic Entry

Buy: 5/8 ma up crossover
Dinapoli stoch bullish crossover
MomentumVT above 0 level
QQE alert pointing up

Sell: 5/8 ma down crossover
Dinapoli stoch bearish crossover
MomentumVT below 0
QQE alert pointing down

Update
As I have discovered that moving averages often react to price actions rather quickly, I decided to add a filter to my exits.
Exit: Whet both QQE alert and 5/8 Ema crossover have signalled an opposite direction, then exit. They don't have to signal at the same time but you no exit must be taken until the two have signalled an exit.

2. Re-Entry

Let's say we miss a basic setup and look to entering the trade after the setup as occured, these are the conditions that must be met:

Buy: Make sure that all the indicators are going in the buy direction. Allow the dinapoli stoch to go into a sell then enter a buy when it also turns back to the buy direction. Take note of any support or resistance level or any pivot point close to the current price. Enter when the dinapoli stoch crosses over to a buy.

Sell: Opposite of buy.

Exit: Stop loss of 20 pips, OR Take profit of 20 or 30 pips. Whichever is hit first. I also use a trailing stop of 20 pips.

News.
I do not open new positions when big news is coming up. If I am already in a trade and a big news is near, I exit the trade if I have profit less than 30 pips. But if I am in a profit of more than 30 pips, I leave 20 pips out and lock in the remaining then trail my stop with a 20 pips trailing stop. That is my own personal way of handling news, other suggestions are welcome.

The purpose of this thread is to improve the strategy and also build an expert advisor. You can also add timeframe filters.




Wahnone
Hello,

Sounds great I installed everything but don't see any arrows for the QQE Alert.

Thanks,
cwave
  • #106
  • Aug 1, 2008 7:46am Aug 1, 2008 7:46am
Quoting cwave
Hello,

Sounds great I installed everything but don't see any arrows for the QQE Alert.

Thanks,
cwave
Try putting it manually. I think this should do.
  • #107
  • Edited 8:32am Aug 1, 2008 8:17am | Edited 8:32am
Wahnone

Thanks so much for sharing the method, it makes sense, pips, cents and dollars too.

Have you or any one else on this thread tried this method on a longer time frame like hourly or 4 hourly? Its just that I can't sit and watch screens all day as I am a part time trader and own a business.
$$$ Richrichie $$$
  • #108
  • Aug 1, 2008 10:22am Aug 1, 2008 10:22am
Quoting richrichie
Wahnone

Thanks so much for sharing the method, it makes sense, pips, cents and dollars too.

Have you or any one else on this thread tried this method on a longer time frame like hourly or 4 hourly? Its just that I can't sit and watch screens all day as I am a part time trader and own a business.
I have not yet tested it on the higher timeframes but as soon as the EA is ready, all that will be done. For now, I am concentrating on 15 mins.
  • #109
  • Aug 1, 2008 8:34pm Aug 1, 2008 8:34pm
Quoting Wahnone
I have not yet tested it on the higher timeframes but as soon as the EA is ready, all that will be done. For now, I am concentrating on 15 mins.
Hi Wahnone,

I've read your thread it's very interesting, I'm going to try on demo next week but I have a problem I havn't got denapoli stoch mq4 in my chart. Could you( or anyone) please post me denapoli stoch mq4

Thank you,

Pete
  • #110
  • Aug 1, 2008 11:11pm Aug 1, 2008 11:11pm
Quoting pete.alfa
Hi Wahnone,

I've read your thread it's very interesting, I'm going to try on demo next week but I have a problem I havn't got denapoli stoch mq4 in my chart. Could you( or anyone) please post me denapoli stoch mq4

Thank you,

Pete
Here you go.

You may want to remove the [1] in the filename.
Attached File(s)
File Type: ex4 StochasticDiNapoli_v1[1].ex4   3 KB | 669 downloads
File Type: mq4 StochasticDiNapoli_v1[1].mq4   3 KB | 770 downloads
  • #111
  • Aug 2, 2008 1:58am Aug 2, 2008 1:58am
Hello All,

I have read this system from Wahnone from beginning and really interest me.
Seems like its good for 15Mins Scalping and the most interesting is the simplicity ....
I might try it on my demo account first.

Nice system Wahnone.

-ATUQUE-
  • #112
  • Aug 3, 2008 3:09am Aug 3, 2008 3:09am
Quoting cwave
Hello,

Sounds great I installed everything but don't see any arrows for the QQE Alert.

Thanks,
cwave

me too
none of the alerts works for me...
  • #113
  • Aug 3, 2008 8:32pm Aug 3, 2008 8:32pm
Quoting orion70
Here you go.

You may want to remove the [1] in the filename.
Thank you Orion

Pete
  • #114
  • Aug 4, 2008 4:00am Aug 4, 2008 4:00am
Hello, Wahnone.

I like your system and found it is good in EUR/JPY too.
What do you think?

James
  • #115
  • Aug 4, 2008 6:48am Aug 4, 2008 6:48am
Quoting james2006
Hello, Wahnone.

I like your system and found it is good in EUR/JPY too.
What do you think?

James

I checked it on EURJPY and USDJPY 15 mins and it was good on both. Would demo trade on both from now on.
  • #116
  • Aug 4, 2008 1:10pm Aug 4, 2008 1:10pm
Trades for aug 4... totalling about 60+ pips. What a system!!!
Attached Image (click to enlarge)
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  • #117
  • Aug 4, 2008 8:43pm Aug 4, 2008 8:43pm
Picked those exact same trades up myself!! thanks for the system
  • #118
  • Aug 4, 2008 9:02pm Aug 4, 2008 9:02pm
nice but will this stand the test of time? does it work in any type of market? sideways? uptrend? downtrend?
  • #119
  • Aug 4, 2008 9:10pm Aug 4, 2008 9:10pm
seems to be fine in trending up or down. flat market doesn't do so good. find diff strat for sideways market.
  • #120
  • Aug 5, 2008 12:13am Aug 5, 2008 12:13am
Hey Chaps

Been trying on a 1hour TF, works well but you have to wait it out of a position to happen, your runs are longer which is really cool, a bit frustrating when a cross happens while you are sleeping, I just keep reminding myself that there is aways another trade around the corner if I miss one because I am in dreamland, Whats really great about 1hour TFs is that you dont have to watch charts all day.

Happy Trading all, This method is working for me (On 1Hours TF)
$$$ Richrichie $$$
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