Quantum System

After a year in forex, I came to conclusion that indicators suck!!!
........So i started to think about logics to put orders in that way
to be more wining trades than lossers....and this is what i do for
last 3 months, and it is a best strategy i have used.
No indicators, just logic ordering!

Here are the rules:

1. SET OF ORDERS
At the closing price of the candle (on used timeframe), EA will place one buy order, one sell order,
and one pending order sellstop wich will be -50 pips below closing price.

2. SET OF ORDERS
If the pending order sellstop is triggered by price, then EA need to put another buy order
at level +25 pips from the triggered sellstop order.

That 4 orders is maximum number of orders at once!

Since we have a 2 possible scenarios (first or second set of orders), TP and SL
will be different for each set!!!
1. SET of orders will have a TP and SL ( SCENARIO_1TP, SCENARIO_1SL)
2. SET of orders will have a TP and SL ( SCENARIO_2TP, SCENARIO_2SL)

TP and SL will take calculations from all orders( total TP and SL)
and then if TP or SL are hit, all orders are closed!

It will be great if somebody code this into EA!

That is exactly how I came to the conclusion of my system. There is much truth in only using logic behind trading. Best of luck!

What time frame do you use?

thanks..

Here you go, but I think this is mathematically biased to the upside. I don't think it will be profitable in the long run.

I agree on the bias. Of course we could maybe adapt the biais to one way or the other depending on the long term trend.

ForexFlash do you have stats on the frequence of occurence of scenario 4. Because the edge if it exists is linked to that.

Im on work now so i will test it later to see if you get this right!
So what if its mathematically biased to the upside?
I wish that price always go to the upside!!!


SMJONES, I really appreciate your help!!!
Thank man!!!

LOL.. I do too. May all your pips be green...

I tested ea and something is not good!
I have to many 1 scenarios with loss (3trades)
With 3 trades executed you can only be in plus!!!
EA puts buy0.8 lots but later that order is deleted?

What TF and what pairs are you trading?

eurusd 30min, but it isnt so much important!

so you get it free here..
fine with me.(I never know it was you contact us)

Regards
Heartnet

Dont be mad at me!
I tried and suceed geting it!
Respect

Sure, it matters if it's mathematically biased to the upside. It would be better to use this strategy on a pairs that are trending up, such as usdchf. Change your parameters/lot sizes accordingly and use that system on pairs that are trending down, such as eurusd. Then there should be on average more winners than losers when using a bullish strategy on pairs trending up, and more winners than losers when using a bearish strategy on pairs trending down.

You are right, maybe an implementation of simple MA will help a lot!
Anyway i opened another thread in trading systems called
4 Levels Martingale Grid System
so post there from now!

Never mad,
Hope you succeed

FOREXflash:
Would you calc. the #pips made/lost with each order for the 250p gain in scenario #3 and the 250p loss in scenario #4?

Im giving up on this!
On paper it really looks good, but when used live it SUCKS!!!
I need to think of some other solutions......

You received the EA yesterday, so how is it that you can determine so soon that the strategy doesn't work well live?

Do you know something i dont?
I tested it on 8 majors, and even used algorithms to tweak it, and it is a loser!

You ran it during NFP payroll - not a good time to evaluate an EA. I would try it longer. If still not profitable, then I would say it's a problem with the EA.