The simple stupid system

Quoting Ashi

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Sorry my stupid question, what is EA? I'm new here

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Quoting krufx

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+ 40 pips so far on short gu

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Quoting femzy112

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The Simple Great System !!

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Quoting femzy112

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Hey Kru ...Catch ur ass lurking on the intrady thread....lol

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Quoting Wahnone

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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.

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Quoting Zen_Leow

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what would you like as default values for take profit, stop loss, breakeven pips and trailing stop? and also for the trailing stop, would you want a floating trail or a jumping trail?

floating trail in a long position makes the stop level move seamlessly as the price goes up, constantly leaving a gap of the set amt of pips from the current price. it then maintains the stop at the level when the price is moving in the opposite direction to secure profit.

where as a jumping trail waits for the price to move in the direction of the trade by this amt of pips before jumping up to the next stop level as defined by the trailing value.

I'm not sure if I'm reading it right. you want the signal buffer to be 15 candles. that's more than 3 hours on a 15 minutes chart. isn't that a bit too long for a signal confirmation on a relatively low time frame?

regards,
Zen


p.s., the EA is pretty much done. I just need to confirm I'm getting the rules right. will post up version 1 tonight when I get home.

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Quoting Zen_Leow

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what would you like as default values for take profit, stop loss, breakeven pips and trailing stop? and also for the trailing stop, would you want a floating trail or a jumping trail?

floating trail in a long position makes the stop level move seamlessly as the price goes up, constantly leaving a gap of the set amt of pips from the current price. it then maintains the stop at the level when the price is moving in the opposite direction to secure profit.

where as a jumping trail waits for the price to move in the direction of the trade by this amt of pips before jumping up to the next stop level as defined by the trailing value.

I'm not sure if I'm reading it right. you want the signal buffer to be 15 candles. that's more than 3 hours on a 15 minutes chart. isn't that a bit too long for a signal confirmation on a relatively low time frame?

regards,
Zen


p.s., the EA is pretty much done. I just need to confirm I'm getting the rules right. will post up version 1 tonight when I get home.

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Quoting Zen_Leow

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what would you like as default values for take profit, stop loss, breakeven pips and trailing stop? and also for the trailing stop, would you want a floating trail or a jumping trail?

floating trail in a long position makes the stop level move seamlessly as the price goes up, constantly leaving a gap of the set amt of pips from the current price. it then maintains the stop at the level when the price is moving in the opposite direction to secure profit.

where as a jumping trail waits for the price to move in the direction of the trade by this amt of pips before jumping up to the next stop level as defined by the trailing value.

I'm not sure if I'm reading it right. you want the signal buffer to be 15 candles. that's more than 3 hours on a 15 minutes chart. isn't that a bit too long for a signal confirmation on a relatively low time frame?

regards,
Zen


p.s., the EA is pretty much done. I just need to confirm I'm getting the rules right. will post up version 1 tonight when I get home.

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Quoting krufx

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I think the signal buffer of 15 candles is to long, but we will wait
for Wahnone to answer this

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Quoting femzy112

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Nice effort so far.
On the buffer issue; you might leave that out for now since this should be a prototype .Just let the trigger be pulled at the instance when all the rules are adhered to, but if you care to add it 2 bars is enough; and i like the idea of the jumping trailer; but set it as optional.

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Quoting Zen_Leow

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too late... I've already coded both trailing methods in. you'll be able to choose what type of trailing you want via the input settings. =)

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Quoting femzy112

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No problem but hope the buffer is not 15 candles cos that is way too much for a 15M timeframe.

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Quoting Peacelover

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Wahnone,

I was unable to attach the file on a personal message. So I am attaching it here. I was talking of adding a moving average to the momentunVt and take the trade when the Moving avg of the mom has been crossed along with the conformation from the 5 and 8 EMAs

Sorry thats the best i can do with this picture.

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Quoting krufx

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Locked in another 30 pips

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Quoting thehenryfam

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Congrats. The only thing that bugs me about this system is that I am in bed when most of the big moves begin or occur (am in the U.S.). The GU and EU started their downward trends at 3 AM here. I'd stay up, but I have to work during the day.

Scott

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Quoting femzy112

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Hey azjeff;
Did you attempt coding an EA too??

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