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The simple stupid system

  • #361
  • Aug 21, 2008 3:34am Aug 21, 2008 3:34am
very whippy out there so far this mornin
  • #362
  • Aug 21, 2008 3:37am Aug 21, 2008 3:37am
thanks a lot for your time. i think you better let the system starter himself answer that. he has done a great job putting a system out there for us to play with so he should be the one to have the ea the way he wants it
  • #363
  • Aug 21, 2008 3:49am Aug 21, 2008 3:49am
Quoting Zen_Leow
azjeff has drawn my attention to this system and perhaps I can do up an EA for it. maybe someone has already done one but I thought one more EA won't hurt and I tend to prefer writing EAs with my customisation capabilities.

What I need now is the confirm set of rules to follow. Is it still going according to post 1? or has it evolved throughout the posts? I have no time to read thru everything as I'm concurrently doing a few other systems' EA as well.

aside from the specific rules, I need the actual indicators attachments too. there's so many posted in the attachment list I don't know which are the right ones to use.

providing the mq4 files for the indicators would be helpful too as I can then use less of iCustom which can significantly increase the speed of backtesting.

the sooner I get these info, the sooner I can start work on developing the EA. Hope to hear from you guys soon.

Good luck and good trading. =)

regards,
Zen
I was about dragging his(azjeff) ass here from tsd too.

Basically all the files(templates and indis) you need are in the first post.At least they work fine for me.

I contacted my other mq4 friend and told me it might be difficult to code a Good EA as the system is lil discretionary and working with the Dinapoli Indi too might proof tough. He also complained about exits too. I would be happy if you could take the challenge.

You very Welcome Zen...Hope to hear from you soon.
  • #364
  • Aug 21, 2008 3:51am Aug 21, 2008 3:51am
Quoting jtmoore007
very whippy out there so far this mornin
hey jt; i tot the system says we stay out of news ...Or do u just avoid high impact ones???
  • #365
  • Aug 21, 2008 3:51am Aug 21, 2008 3:51am
well it couldn't be more choppy. im using a 30 hard stop and the other 2 u see for today i closed because got opposite signal. CHOPPY CHOPPY CHOPPY. one of these breakouts will be good though. should make up for this CRAP!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Simple Stupid Trades.jpg Size: 94 KB
  • #366
  • Aug 21, 2008 3:55am Aug 21, 2008 3:55am
Quoting femzy112
hey jt; i tot the system says we stay out of news ...Or do u just avoid high impact ones???
im playing with this thing right now. im gonna take each and every signal from london open to us close. at least the ones i can make myself stay at computer and catch. i mainly want to see if the good breakouts will more than cancel out all the false breakouts a system like this has. so right now im trading all the time. if i were live then i have the opinion of leaving the news times to the pros and im not there yet. i will be out on medium and higher news time.
  • #367
  • Aug 21, 2008 4:10am Aug 21, 2008 4:10am
Quoting jtmoore007
someone should start a mirc or a skype chat site for those who follow this. think this is possible?

would be a great idea if we could set one up - even on teamspeak if necessary - but I think skype would be faster/easiest...

anycase great going...I like the system..just have to be a little more disciplined on my entries (candle open). On my part I now add pivots and s+r levels...couple of times got in long and found i was right under double resistance...
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #368
  • Aug 21, 2008 4:58am Aug 21, 2008 4:58am
well making them back. but they are hard to come by today!!!! i think im gonna quit for today. may come back for us open
Attached Image (click to enlarge)
Click to Enlarge Name: Simple Stupid Trades.jpg Size: 113 KB
  • #369
  • Aug 21, 2008 5:06am Aug 21, 2008 5:06am
Quoting jtmoore007
well making them back. but they are hard to come by today!!!! i think im gonna quit for today. may come back for us open
Hi all.....have traded once with this sytem + 30 pips eu/usd so far
will keep up to date with you all, using tf15 with close confirmation
with tf30.....only trade eu/usd, not to familiar with other currencies
at mo...still newbie....thanks to all
  • #370
  • Aug 21, 2008 5:15am Aug 21, 2008 5:15am
Quoting Zen_Leow
azjeff has drawn my attention to this system and perhaps I can do up an EA for it. maybe someone has already done one but I thought one more EA won't hurt and I tend to prefer writing EAs with my customisation capabilities.

What I need now is the confirm set of rules to follow. Is it still going according to post 1? or has it evolved throughout the posts? I have no time to read thru everything as I'm concurrently doing a few other systems' EA as well.

aside from the specific rules, I need the actual indicators attachments too. there's so many posted in the attachment list I don't know which are the right ones to use.

providing the mq4 files for the indicators would be helpful too as I can then use less of iCustom which can significantly increase the speed of backtesting.

the sooner I get these info, the sooner I can start work on developing the EA. Hope to hear from you guys soon.

Good luck and good trading. =)

regards,
Zen

Files needed are in 1st post. There is another file that is needed, i think, on page 6 post 80. On page 6 there is also 1st version of the EA made for it with souce code, althou not working exactly to the rules. It would also be helpfull if you could go over Wahnone's posts in this thread as he has some helpfull tips and talked about problems with 1st EA.
  • #371
  • Edited 6:55am Aug 21, 2008 6:15am | Edited 6:55am
Quoting Zen_Leow
azjeff has drawn my attention to this system and perhaps I can do up an EA for it. maybe someone has already done one but I thought one more EA won't hurt and I tend to prefer writing EAs with my customisation capabilities.

What I need now is the confirm set of rules to follow. Is it still going according to post 1? or has it evolved throughout the posts? I have no time to read thru everything as I'm concurrently doing a few other systems' EA as well.

aside from the specific rules, I need the actual indicators attachments too. there's so many posted in the attachment list I don't know which are the right ones to use.

providing the mq4 files for the indicators would be helpful too as I can then use less of iCustom which can significantly increase the speed of backtesting.

the sooner I get these info, the sooner I can start work on developing the EA. Hope to hear from you guys soon.

Good luck and good trading. =)

regards,
Zen
Thank you zen.The rules remain the same i.e

Chart setup:
EMA 5 close
EMA 8 open
MomentumVT 10
QQE Smooth Factor 1

1)Buy: 5/8 ma up crossover
MomentumVT above 0 level
QQE crossing up

Exit buy: When the 5ema cross down across the 8ema and the QQE has crossed down. Until both occur, there is no exit.

2)Sell: 5/8 ma down crossover
MomentumVT below 0
QQE crossing down

Exit sell: When the 5ema cross up across the 8ema and the QQE has crossed up. Until both occur, there is no exit.

I only trade from 8:00 gmt to 18:00 gmt but it would be better if the time settings could be customizeable.

NB: I purposely dropped the QQE alert and use the original QQE indicator bescause i couldn't get the QQE alert.mq4 file. Also, the heikin ashi and dinapoli stoch are no longer needed.

The indicators are posted below. Thank you very much.
Attached File(s)
File Type: mq4 MomentumVT.mq4   2 KB | 553 downloads
File Type: mq4 QQE.mq4   3 KB | 469 downloads
  • #372
  • Aug 21, 2008 7:03am Aug 21, 2008 7:03am
Hello Wahnone,

You have a terrific system here.

Zen,

Thank you for taking the time of building an ea for this system.

Many pips to everyone,

Regards,
Jeff

Quoting Wahnone
Thank you zen.The rules remain the same i.e

Chart setup:
EMA 5 close
EMA 8 open
MomentumVT 10
QQE Smooth Factor 1

1)Buy: 5/8 ma up crossover
MomentumVT above 0 level
QQE crossing up

Exit buy: When the 5ema cross down across the 8ema and the QQE has crossed down. Until both occur, there is no exit.

2)Sell: 5/8 ma down crossover
MomentumVT below 0
QQE crossing down

Exit sell: When the 5ema cross up across the 8ema and the QQE has crossed up. Until both occur, there is no exit.

I only trade from 8:00 gmt to 18:00 gmt but it would be better if the time settings could be customizeable.

NB: I purposely dropped the QQE alert and use the original QQE indicator bescause i couldn't get the QQE alert.mq4 file. Also, the heikin ashi and dinapoli stoch are no longer needed.

The indicators are posted below. Thank you very much.
  • #373
  • Aug 21, 2008 7:19am Aug 21, 2008 7:19am
as always, before I get started, I want to get things down as detailed as possible. a trading robot doesn't work half as well as the human perception so I need specifics. please bear with me.

1. do you wait for the candles to close for a confirmed signal? or do you take them as they come? better yet, would you like to have an option for both?

2. must the signals occur on the same candle? if not, what is your desired buffer number of candles for all signals to occur? again, I can set this as a configurable value. I just need a number for the default.

3. for the MomentumVT, do you just care if its above or below 0? or do you only consider it if it has crossed from below 0 to above 0 and vice versa?

4. I'm new to the QQE indicator. how do you read it? when dotted line cross over solid line, is that a buy or sell signal?

5. Am I right to say you do not want me to program any stop loss and take profit? the trade should just exit upon opposite signal? regardless in profit or loss.

that's all I have for now. will post more questions as I go.

regards,
Zen
Programming for a better future.
  • #374
  • Aug 21, 2008 8:42am Aug 21, 2008 8:42am
Hey guys!
well,today i have started trading at 12:45 gmt because of the bunch of news,i have stoped trading now because will come more news at 14:00 gmt.
till now,one fast trade and 30 pips:

http://img155.imageshack.us/img155/9625/todayvr9.jpg


I have added parabolic SAR and zigzag to help to filter out the bad trades.
  • #375
  • Aug 21, 2008 9:20am Aug 21, 2008 9:20am
Quoting Wahnone
...NB: I purposely dropped the QQE alert and use the original QQE indicator bescause i couldn't get the QQE alert.mq4 file. Also, the heikin ashi and dinapoli stoch are no longer needed.

The indicators are posted below. Thank you very much.
Are you now using the laguerre, as you talked about in an earlier post?

You said: "I read about the laguerre indicator and after checking it out myself, I was convinced it is a good one, so I decided to compare it with the momentum indicator. The Laguerre was quicker to respond and at the same time, it acts well as filter. The momentum lags a bit and so it responds slower than the Laguerre, but on few occasions, it shows up faster than the laguerre.
Since the Dinapoli Stoch is just there for re-entry, I removed it and replaced it with the Laguerre indicator."

Can you please post a screenshot and list of your current indicators being used?
  • #376
  • Aug 21, 2008 9:20am Aug 21, 2008 9:20am
Quoting Zen_Leow
as always, before I get started, I want to get things down as detailed as possible. a trading robot doesn't work half as well as the human perception so I need specifics. please bear with me.

1. do you wait for the candles to close for a confirmed signal? or do you take them as they come? better yet, would you like to have an option for both?

2. must the signals occur on the same candle? if not, what is your desired buffer number of candles for all signals to occur? again, I can set this as a configurable value. I just need a number for the default.

3. for the MomentumVT, do you just care if its above or below 0? or do you only consider it if it has crossed from below 0 to above 0 and vice versa?

4. I'm new to the QQE indicator. how do you read it? when dotted line cross over solid line, is that a buy or sell signal?

5. Am I right to say you do not want me to program any stop loss and take profit? the trade should just exit upon opposite signal? regardless in profit or loss.

that's all I have for now. will post more questions as I go.

regards,
Zen
Reply to question 1
I wait for the candle to close for a confirmed signal.

Reply to 2
No. They don't have to occur at the same time. Set it as configurable, but as a default, you can set it as 15 bars.

Reply to 3
It should just be below/above the zero line and not neccesarily cross from above to below and vise versa.

Reply to 4
For buy, solid line cross up over dotted line i.e solid line above, dotted line below. For sell, solid line cross down below dotted line i.e solid line below, dotted line above.

Reply to 5
You should program take profit, stop loss, and trailing stop .I would like to to also be able to move stoploss to break-even when I am a particular number of pips in profit e.g say I am +30 pips, move stoploss to break-even. All these should be set to be customizable.

Thank you very much for your help. I am very grateful.
  • #377
  • Aug 21, 2008 9:33am Aug 21, 2008 9:33am
Quoting PistolDave
Are you now using the laguerre, as you talked about in an earlier post?

You said: "I read about the laguerre indicator and after checking it out myself, I was convinced it is a good one, so I decided to compare it with the momentum indicator. The Laguerre was quicker to respond and at the same time, it acts well as filter. The momentum lags a bit and so it responds slower than the Laguerre, but on few occasions, it shows up faster than the laguerre.
Since the Dinapoli Stoch is just there for re-entry, I removed it and replaced it with the Laguerre indicator."

Can you please post a screenshot and list of your current indicators being used?
I am not using the laguerre as I find it too choppy for my liking. The only indicators being used now are the momentumVT, QQE alert or QQE indicator, and the moving averages. Below is a screenshot of EURJPY for today containing both the QQE alert and the QQE indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.gif Size: 26 KB
  • #378
  • Aug 21, 2008 9:48am Aug 21, 2008 9:48am
After checking, I found that the QQE misbehaves at times. For instance, today, I entered sell at 9:00 gmt with stoploss at 30 pips. After going +25 pips, price reversed and I exited with the QQE at -30 pips. If I had waited until the QQE came up, I would have exited with about -60.
I had been thinking of moving my stoploss to breakeven when I was +25 pips up but I decided to go with my rules as to exit only when the ma's and the QQE indis have turned over.
Now, here is my conclusion: Once I am in substantial profit, say 20+ (20 and above), I look to move my stoploss to break even. For now, I don't have a set stoploss nor breakeven point yet, but with time and as soon as the EA is ready(thanks to Zen and azjeff), I hope I will arrive at a fixed number for stoploss and breakeven point. Till then, Good Hunting.
  • #379
  • Aug 21, 2008 10:00am Aug 21, 2008 10:00am
I want to ask you Wahnone if you don't care about medium impact news.
  • #380
  • Aug 21, 2008 10:07am Aug 21, 2008 10:07am
Quoting femzy112
hey jt; i tot the system says we stay out of news ...Or do u just avoid high impact ones???
Concerning the news issue, it depends on you. You can trade this system without paying any attention to the news if you can bare the effects of the spikes. On my own, I don't enter a new trade when a big news is really near(i.e news in red from FF home page), say 15-30 minutes. If I have a trade already running, I just lock in my profits because I don't know if the news will go against me or for me.
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