Don Quixote's intraday system | Forex Factory

Options

Permalinks
Print Thread

Similar Threads

Don't do what Donny Don't does 52 replies

Simple Trading system for Intraday/short term 167 replies

Intraday Mechanical System Strategy 0 replies

Best Intraday Trading System 5 replies

looking for an intraday system 6 replies

Attachments: Don Quixote's intraday system
Exit Attachments

Don Quixote's intraday system

  • #1
  • First Post: Edited 5:43pm Jul 30, 2008 7:40am | Edited 5:43pm
Dear Friends,

the purpose of this journal is to further develop Phillip Nel's 5 min intraday system. I would like to thank Phillip for the precious study he did concerning the 10 ema, 21 ema and the 50 sma that are the basis of his trading system.

If you are not familiar with Phillip Nel's trading system, if you haven't mastered it and become profitable with it, I exhort you to visit his thread and come back here when you feel enough comfortable with his trading system.

You are welcome to post your appropriate ideas, comments or charts.
  • #2
  • Jul 30, 2008 9:36am Jul 30, 2008 9:36am
Quoting Don Quixote
Dear Friends,

the purpose of this journal is to further develop Phillip Nel's 5 min intraday system. I would like to thank Phillip for the precious study he did concerning the 10 ema, 21 ema and the 50 sma that are the basis of his trading system.

If you are not familiar with Phillip Nel's trading system, if you haven't mastered it and become profitable with it, I exhort you to visit his thread and come back here when you feel enough comfortable with his trading system.

You are welcome to post your appropriate ideas, comments or charts here, but if you have any questions or would like to discuss more in depth any detail of this system, you can contact me on skype: don...quixote
Just to wish you all the best with this journal - I'll be following it with interest.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #3
  • Aug 4, 2008 6:19pm Aug 4, 2008 6:19pm
An uptrend is in progress, price bounces out of the 10- 21 ema zone with a bullish candle and windmill confirms bullishness with a 1st green bar after a series of red bars. This is a basic long signal.

A downtrend is in progress, price bounces out of the 10- 21 ema zone with a bearish candle and windmill confirms bearishness with a 1st red bar after a series of green bars. This is a basic short signal.
Attached File(s)
File Type: tpl Windmill.tpl   3 KB | 498 downloads
File Type: mq4 Windmill.mq4   2 KB | 552 downloads
  • #4
  • Aug 4, 2008 6:22pm Aug 4, 2008 6:22pm
2 Setup examples.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.PNG Size: 34 KB
Click to Enlarge Name: gbp.PNG Size: 33 KB
  • #5
  • Aug 4, 2008 6:42pm Aug 4, 2008 6:42pm
don will follow this closely thanks for the effort
  • #6
  • Aug 4, 2008 8:02pm Aug 4, 2008 8:02pm
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 14 KB


I have downloaded the template to the template folder and the windmill to the indicator folder, yet my chart looks like that.

Can someone point me to the right way of going about it.

Thanks.
  • #7
  • Aug 6, 2008 3:21pm Aug 6, 2008 3:21pm
Your windmill works well so far especially when signals coincide with original Phillip's macd (5,13,1).
Good luck with your journal and for your help.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 5min.gif Size: 24 KB
Click to Enlarge Name: 5min2.gif Size: 24 KB
  • #8
  • Aug 7, 2008 6:29am Aug 7, 2008 6:29am
You will see 2 notable exceptions to the Basic Setup in the charts that I have attached. These notable exceptions have been partially overruled since I have adopted as my preferred long/short entry the 10-21 ema zone setup. The windmill signal + another indicator that I will explain you another time have become the confirmation signal of my 10-21 zone entry and on some occasions my 2nd and 3rd choice of entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.PNG Size: 39 KB
Click to Enlarge Name: eu2.PNG Size: 39 KB
  • #9
  • Last Post: Aug 8, 2008 6:03am Aug 8, 2008 6:03am
your examples are very helpful, thanks
0 traders viewing now