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The simple stupid system

  • #141
  • Aug 5, 2008 4:48pm Aug 5, 2008 4:48pm
JT, thanks man, I managed to get the QQE working as well but I should have phrased it different. I would like the EA to email me when all the indicators line up to enter a trade. And I haven't seen anything that does that on this thread. If there is let me know, I would really appreciate it. Thanks
  • #142
  • Aug 5, 2008 5:01pm Aug 5, 2008 5:01pm
yea i know what you mean. and no it isn't here to my knowledge. it is just an alert you want then and not an ea correct? I wish someone would code the ea.- i don't like sitting and watching charts all day - call me lazy i guess. i have asked a few guys that have made me some ea's in the past if they would take a look at this and code one up but i haven't heard from any of them. I haven't forward tested long enough to pay for one but if it keeps looking good then ill pay to have one written
  • #143
  • Aug 5, 2008 6:34pm Aug 5, 2008 6:34pm
Quoting Wahnone
One mistake we traders make is thinking it is better to trade every move whenever it comes be it at midnight or at noon and that is what i figured out and decided to trade this system at the particular period when the market is at its most volatile. Also, the system has some setbacks when in a sideways or ranging market, but all that is taken care of by a single nice trend movement, so i don't have to worry myself that the market is sideways or ranging. This is my personal opinion anyway.

Good hunting.
taken care of by a single nice trend movement? explain please
  • #144
  • Aug 5, 2008 11:06pm Aug 5, 2008 11:06pm
Mav,
I think he means that the system isn't perfect (what system is) when ranging. And when you get a nice trend move on whatever pair you are trading, the amount of pips you would pick up will make up for whatever pips you might of lost when the pair is moving sideways. So when a trend does happen, the systen is designed to get you in early and get you out when the trend is over. I hope this helps.
  • #145
  • Aug 5, 2008 11:08pm Aug 5, 2008 11:08pm
he means this system works well in a trending market not a sideways one. be it up or down, just not flat. so sit out when the market is not going anywhere and jump in when a trend is established be it up or down. at least that is my 2 cents.
  • #146
  • Edited Aug 6, 2008 8:48am Aug 5, 2008 11:13pm | Edited Aug 6, 2008 8:48am
Quoting Wahnone
Instead of jumping out of a trade because a big news is coming up, why not use it to your advantage since it will go either to your direction or against it. MY conclusion is that 15min prior to a big news, place a stoploss using the vegas indicator line which is nearest at that time to the current price. This will enable you exit early if the news is against you and also allow you to stay in if it goes in your favour. I have attached a sample scenario that happened on the 31st of July 2008 USDJPY...
Brokers will not guarantee that neither your S/L; T/P or any pending or Immediate Execution WILL BE FILLED during news times. In other words, you can have the news spike the price against you HEAVILY and can shoot right past your exit order.

Of course if the news does go in your favor there is no problem, but does one really want to take that chance and watch your account dip downwards drastically should you be wrong?

I've watched the NFP report spike the news 200+ pips within seconds many times. Then it will do one of two things once it reaches a crescent. It will either reverse for 5 or 10 minutes, then continue traveling it's original direction, OR it will fall right back to the level it started at. Either way, when your wrong it's heart attack time on a real account. This is why there has NEVER been a profitable way (including straddling) of trading the news. Follow the pro's advise and close out all trades prior to major news releases!
  • #147
  • Aug 6, 2008 3:13am Aug 6, 2008 3:13am
Hi Wahnone, I must say a big thanks for sharing your system and hope u will continue to share more and to keep it alive.Still not having the QQE on my chart and for those that have gotten it right pls explain how or post it. For those that have contribute one thing or the other i say well done and to pls continue as well Flamenco,m78,orion70,e.t.c. Thanks Nerry.
  • #148
  • Aug 6, 2008 3:27am Aug 6, 2008 3:27am
Hi, Wahnone.

In the Sideway Markert, add the DMI.ex4 indicator to cut the wrong trade. Try it.

james
Attached File(s)
File Type: mq4 DMI.mq4   6 KB | 744 downloads
File Type: ex4 DMI.ex4   7 KB | 571 downloads
  • #149
  • Edited 6:02am Aug 6, 2008 4:31am | Edited 6:02am
Quoting james2006
Hi, Wahnone.

In the Sideway Markert, add the DMI.ex4 indicator to cut the wrong trade. Try it.

james
Hi james, Thanks for that. one more thing, can u post a chart with it and let see.Thanks. Nerry
  • #150
  • Aug 6, 2008 5:09am Aug 6, 2008 5:09am
Quoting jtmoore007
ok i finally got my chart to look like yours with all the indicators working. i just have a few questions. look at red lines -- why no arrows there -- look at X under arrow. why would there be an arrow there??? sorry if im buggin yall but i want to get this thing right. just trying to put my 2 cents in and help out any way i can.
That arrow is not signifying the cross of the moving averages and it has nothing to do with them. The arrow is the alert for the QQE indicator and as i have said earlier, it is used in conjuction with the moving average cross i.e no entry/exit until both change directions. Hope I have made myself clear...
  • #151
  • Aug 6, 2008 6:15am Aug 6, 2008 6:15am
Quoting Wahnone
That arrow is not signifying the cross of the moving averages and it has nothing to do with them. The arrow is the alert for the QQE indicator and as i have said earlier, it is used in conjuction with the moving average cross i.e no entry/exit until both change directions. Hope I have made myself clear...
hello Wahnone, I was a little confuse when people were saying they didn't get it on their chart but now it is clear sir. Thanks Wahnone and GOD BLESS. Nerry.
  • #152
  • Aug 6, 2008 9:10am Aug 6, 2008 9:10am
Quoting Wahnone
That arrow is not signifying the cross of the moving averages and it has nothing to do with them. The arrow is the alert for the QQE indicator and as i have said earlier, it is used in conjuction with the moving average cross i.e no entry/exit until both change directions. Hope I have made myself clear...
Yea i figured it all out. thanks for the great system!!!! can't wait for the ea!!
  • #153
  • Aug 7, 2008 12:39pm Aug 7, 2008 12:39pm
I have uploaded the MA_Candle which provides a clear picture of the Moving average crosses by colouring the candles in the current direction of the ma's e.g red candles for sell and blue for buy. Check it out. Attached is my template also.
Attached File(s)
File Type: ex4 MA Candles.ex4   6 KB | 860 downloads
File Type: tpl Simple Stupid.tpl   35 KB | 802 downloads
  • #154
  • Edited 1:20pm Aug 7, 2008 12:52pm | Edited 1:20pm
GBPUSD trades for Aug 7 totalling 35+ pips.
Attached Image (click to enlarge)
Click to Enlarge Name: aug 7.gif Size: 32 KB
  • #155
  • Aug 7, 2008 1:04pm Aug 7, 2008 1:04pm
Anyone checked out the eurjpy and usdjpy today? eurjpy was a really good one today.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 27 KB
  • #156
  • Aug 7, 2008 1:19pm Aug 7, 2008 1:19pm
One thing I have learnt is not to let the losses bother me... Trades for aug 6
Attached Image (click to enlarge)
Click to Enlarge Name: aug 6.gif Size: 32 KB
  • #157
  • Aug 7, 2008 2:44pm Aug 7, 2008 2:44pm
Wahnone

Thanks so much for sharing this method, its really working for me, I feel like I am dreaming and christmas has arrived early in August , never won trades so many times in a row, Trading on 1hour charts is slow and it gives me a lot of free time. i have even setup automatic sms notifications to my PDA when setups are ready to be traded.

I have found THE system, I am not even going to change anything about it. I dont even want to use auto trading with an EA, just going to trade manually and keep it simple.

Thank you Thank you
$$$ Richrichie $$$
  • #158
  • Aug 7, 2008 9:53pm Aug 7, 2008 9:53pm
Wahnone, can you tell us what kind of results you are getting on each pair that you use this method? Also is the EA working for you? I have been trying to get it to work on a demo acct and it smiles but does not enter any trades.
  • #159
  • Aug 8, 2008 1:03am Aug 8, 2008 1:03am
hai wahone,
thanx for the system.
it is great.
since im using your system i can get around +-50pips per day.
just follow the signal, must on the right market time, also avoid news.

but, would you please update the additional indicator on first page like QQE_AlertV3, MA_Candle and so on.
because ut helps for those who want to try your system without asking you for many times.
  • #160
  • Aug 8, 2008 5:42am Aug 8, 2008 5:42am
Quoting Wahnone
One thing I have learnt is not to let the losses bother me... Trades for aug 6
Please do you trade this system only during the Euro and US sessions?
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