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The simple stupid system

  • #221
  • Aug 11, 2008 10:16pm Aug 11, 2008 10:16pm
Quoting Bradev
Here are my results from today. I should note however that the eurusd is the only pair that I trade in the 5 min charts. The others are traded on the 15 min charts. (if I trades all on the 5, I would be executing trades all day and that's not too practical).

EURUSD - 8 trades 4/4 net 162 pips
GBPUSD - 2 trades 2/0 net 130 pips
USDJPY - 4 trades 2/2 net 13 pips
USDCHF - 3 trades 2/1 net 75 pips

Total pips for the day; 380 pips

Thanks for sharing this method Wahnone!
Sorry to be a pain, but could i ask you to post some screenshots of some of your trades today for a couple of these pairs. You have little bit of your own twist on the strategy and im sure all of us would appreciate more examples of this as it could help us learn. Did you also trade in hours specified by Wahnone? Did you use fib resistance and support indicator like Wahnone does? You mentioned earlier that you use CCI8 for exits, but it does seem that you use it as entry trigger as well, is this correct? I just want to get better picture of what you're doing as my results were closer to break even, althou that was partially due to the fact i couldn't be at the computer the whole time. They could have been somewhat better but do not think they could have been anywhere near what you got with your particular approach.

Regards. Luk
  • #222
  • Aug 11, 2008 11:37pm Aug 11, 2008 11:37pm
Luk, I understand your concern. You do need to understand that I did spend the full time in front of my charts and I'm pretty sure I executed every signal between the hours of 06:00 and 17:00. I will say that if a signal comes up really close to 17:00 and it seems to me that the price is done moving for the day, I will not enter. Also, if I get into a trade, and then it turns against me and I decide to get out but then continues on in the direction I had entered, I will re-enter based on what the indicators are telling me. As you can see in my charts I re-entered on the usdchf at 15:00 hours due to the stoch's action. That particular trade went for +47 pips. The only other trades that I have not shown you from today is the ones from usdjpy which only netted 13 pips with 4 trades. Any other questions, I'd be happy to answer and I hope these charts help. BTW the total # of pips incudes the spread. so if I netted 10, it would 8 actual profit on the eurusd (2 pip spread). As far as using the CCI as an entry, it just another confirmation.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: simple usdchf.gif Size: 16 KB
Click to Enlarge Name: simple gbpusd.gif Size: 16 KB
  • #223
  • Aug 12, 2008 1:03am Aug 12, 2008 1:03am
mkaqren
Did some one answer your question as yet or do you still need help???


Quoting mlawren2
Hi Guys,
I have been looking at a couple of threads, this being one of them, with trading ideas and thought I would like to try them out. It seems most people on this forum use metatrader.I was using another chart package, so I thought in order to get the correct settings and be able to use the EA I would also use the same…………..So I downloaded metatrader from IBFX on their demo package and set forth. Oh how I hate changing charting packages, seems harder to master them than to trade Forex !!!! Could anyone please help and explain the following to me in simple terms
How do I get the various files ( mq4, ex4, tpl, etc) which are listed in the various trading systems, onto my charts.
Any help would be really appreciated
Thanks
  • #224
  • Aug 12, 2008 1:39am Aug 12, 2008 1:39am
Quoting Peacelover
mkaqren
Did some one answer your question as yet or do you still need help???
Hi Peacelover, my question was answered and I'm up and running now, thanks anyway
  • #225
  • Aug 12, 2008 1:52am Aug 12, 2008 1:52am
Quoting Wahnone
Anybody done the backtest on 1nr charts? I have not had time in my favour for some time now and I haven't been able to do the testing.

Wahnone,

Thanks for a great system. I wanted to know what is the final chart settings and indicators for the system now.

Peace Out
  • #226
  • Aug 12, 2008 7:24am Aug 12, 2008 7:24am
Quoting Peacelover
Wahnone,

Thanks for a great system. I wanted to know what is the final chart settings and indicators for the system now.

Peace Out
The chart settings remain the same for me. I have made no changes.
  • #227
  • Aug 12, 2008 7:28am Aug 12, 2008 7:28am
Quoting Bradev
Here are my results from today. I should note however that the eurusd is the only pair that I trade in the 5 min charts. The others are traded on the 15 min charts. (if I trades all on the 5, I would be executing trades all day and that's not too practical).

EURUSD - 8 trades 4/4 net 162 pips
GBPUSD - 2 trades 2/0 net 130 pips
USDJPY - 4 trades 2/2 net 13 pips
USDCHF - 3 trades 2/1 net 75 pips

Total pips for the day; 380 pips

Thanks for sharing this method Wahnone!
Wow! That was good for you. So you also trade this system on other pairs too. Maybe it will work on probably all pairs. Why don't you check it on EURJPY too. It works.
  • #228
  • Aug 12, 2008 7:34am Aug 12, 2008 7:34am
Quoting tazmaan
Very good, thanks

Still hoping someone can enlighten me as to what the QQE indicates, and how many bars should elapse between the QQE alert and other triggers lining up.
The QQE used as a filter alongside the moving averages. The number of bars that should elapse between it and other indicators doesn't matter. Just make sure there is a setup and exit when both the QQE and MA's have changed over.
  • #229
  • Aug 12, 2008 7:49am Aug 12, 2008 7:49am
I have checked most other indicators including the CCI, RSI, and other oscilators and found that each has it's own good part, but after backtesting manually, I felt that the Momentum Indicator is best for my trading system and personalty and that's why i use it. If you find other indicators OK, then use it.
  • #230
  • Aug 12, 2008 10:08am Aug 12, 2008 10:08am
Quoting Wahnone
Morning to all. This monday morning as been a very good one for the gbpusd as you can all see.
The yellow number is the ej_candle time indicator which shows how much time is left for a candle to close in minutes. I have attached it below.
Where in the ej_candle time indicator can I change the yellow color to another one? thanks for help
  • #231
  • Aug 12, 2008 10:35am Aug 12, 2008 10:35am
Quoting Ashi
Where in the ej_candle time indicator can I change the yellow color to another one? thanks for help
I don't know myself how to change the colour. I don't think it can be done.
  • #232
  • Aug 12, 2008 10:46am Aug 12, 2008 10:46am
Yeah, can't change it on that candle timer, maybe can if you find the mq4 for it.
Here are a couple other candle timers.
Attached File(s)
File Type: mq4 bar_close_alarm_V1.mq4   2 KB | 382 downloads
File Type: ex4 bar_close_alarm_V1.ex4   2 KB | 340 downloads
File Type: ex4 b-clock.ex4   2 KB | 313 downloads
File Type: ex4 CandleTime.ex4   2 KB | 349 downloads
  • #233
  • Aug 12, 2008 11:07am Aug 12, 2008 11:07am
Hi guys,

It seems today (Aug 12th) wasn't easy for the system. Do you mind sharing if anyone made it today ?

m78
  • #234
  • Aug 12, 2008 12:34pm Aug 12, 2008 12:34pm
Quoting m78
Hi guys,

It seems today (Aug 12th) wasn't easy for the system. Do you mind sharing if anyone made it today ?

m78
It wasn't easy at all. But if you got 130+ pips with this same yesterday, then why worry about -50 pips today?
  • #235
  • Aug 12, 2008 2:57pm Aug 12, 2008 2:57pm
I added the QQ to my chart along with the other indacators but I cant see the QQ doing any thing. MOM Stac and 5/8 are all working good. Whats the QQ look like on the chart?
  • #236
  • Aug 12, 2008 3:25pm Aug 12, 2008 3:25pm
Because I had the same problem, as well as many others here, hopefully this will help you.
Place the two attached files into your experts\indicators folder.
The QQE should function and show arrows and trigger alerts.
I have reattached a template provided previously as well, as it helped me get everything working properly. (that goes in your root templates directory, not the experts\templates directory).
Close down and restart your mt4 platform after you put these files in the appropriate folders.
Attached File(s)
File Type: ex4 QQE Alert v3.ex4   7 KB | 458 downloads
File Type: ex4 QQEA.ex4   4 KB | 405 downloads
File Type: tpl simple stupid template.tpl   3 KB | 467 downloads
  • #237
  • Aug 12, 2008 3:27pm Aug 12, 2008 3:27pm
Quoting tazmaan
Yeah, can't change it on that candle timer, maybe can if you find the mq4 for it.
Here are a couple other candle timers.
thanks tazmann I will test it
  • #238
  • Aug 12, 2008 3:33pm Aug 12, 2008 3:33pm
Yes today was really a tough day for this system. I actually stopped trading around 09:00 gmt just because of all the whipsawing and terrible price action. It didn't feel like it was going to do anything but range. There were a couple of opportunities to make a few pips but for the most part...not good. I ended up around -45 pips before I threw in the towel.

Anybody want to do a EA on this that combines indicators and sends an email when a possible entry is triggered?
  • #239
  • Aug 12, 2008 3:35pm Aug 12, 2008 3:35pm
Quoting Wahnone
Wow! That was good for you. So you also trade this system on other pairs too. Maybe it will work on probably all pairs. Why don't you check it on EURJPY too. It works.
I was trying the eurjpy this morning but not good price action on that either. I will keep you posted on my results though.
  • #240
  • Aug 13, 2008 1:30am Aug 13, 2008 1:30am
Quoting tazmaan
Because I had the same problem, as well as many others here, hopefully this will help you.
Place the two attached files into your experts\indicators folder.
The QQE should function and show arrows and trigger alerts.
I have reattached a template provided previously as well, as it helped me get everything working properly. (that goes in your root templates directory, not the experts\templates directory).
Close down and restart your mt4 platform after you put these files in the appropriate folders.

Everything working fine now thx tazmaan
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