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The simple stupid system

  • #681
  • Sep 5, 2008 7:36pm Sep 5, 2008 7:36pm
Quoting ingridk
hi pete!
well,i'm trading with: usd/jpy , eur/jpy, eur/usd, usd/chf, nzd/usd, usd/cad
I am trading on 1h tf confirming on 4h timeframes
the 4h timeframe keep me out of bad trades!
http://img411.imageshack.us/img411/7684/fal2si3.jpg


i'm also using elliot wave oscillator to help me to dont exit early,exit early was being my biggest mistake

i hope it helps you
regards
Thank you Ingridk,

Thanks for your info and also elliot wave mq4. How do you set SL?

I also always exit early may be elliot wave osc will help thanks

Pete
  • #682
  • Sep 5, 2008 7:54pm Sep 5, 2008 7:54pm
Quoting pete.alfa
Thank you Ingridk,

Thanks for your info and also elliot wave mq4. How do you set SL?

I also always exit early may be elliot wave osc will help thanks

Pete
you're welcome.
i'm using 30 TP and 30 SL
  • #683
  • Sep 5, 2008 8:13pm Sep 5, 2008 8:13pm
Quoting ingridk
you're welcome.
i'm using 30 TP and 30 SL
Thank you again Ingridk,

how do use elliot wave osc? please explain a bit.

Thanks - pete
  • #684
  • Sep 6, 2008 7:00am Sep 6, 2008 7:00am
firstly.. thanks to wahnone for sharing this method... i've been been used it for to 2 weeks and it give me a good result.
keep the good work guys..
Patience is the keyword here...
  • #685
  • Sep 6, 2008 8:46am Sep 6, 2008 8:46am
When I run the strategy tester it gives me this error message "Cannot open file 'C:\Program Files\FXDD - MetaTrader 4\experts\indicators\QQE.ex4' on the GBPUSD,M30"It won't generate a trade either.Any ideas what I'm doing wrong.cwave
  • #686
  • Sep 6, 2008 8:50am Sep 6, 2008 8:50am
Quoting cwave
When I run the strategy tester it gives me this error message "Cannot open file 'C:\Program Files\FXDD - MetaTrader 4\experts\indicators\QQE.ex4' on the GBPUSD,M30"It won't generate a trade either.Any ideas what I'm doing wrong.cwave
Check out the attachments to the thread, QQE.ex4 is there. Put it in the directory mentioned.
"White collar crime deserves a blue collar beating!" - 8fingers
  • #687
  • Sep 6, 2008 9:04am Sep 6, 2008 9:04am
Quoting cwave
When I run the strategy tester it gives me this error message "Cannot open file 'C:\Program Files\FXDD - MetaTrader 4\experts\indicators\QQE.ex4' on the GBPUSD,M30"It won't generate a trade either.Any ideas what I'm doing wrong.cwave

you can also test my EA, here is the download, I dont know the strategie and cant find good results, maybe you?
Attached File(s)
File Type: zip SimpelSystemV1.zip   35 KB | 536 downloads
  • #688
  • Sep 6, 2008 9:05am Sep 6, 2008 9:05am
Quoting DramaKing
Check out the attachments to the thread, QQE.ex4 is there. Put it in the directory mentioned.

I took the (1) out of the file name and now it works.

What is the latest version SSS_EA_beta2, SSS_EA_ver1, SimpleSystemV1 or SimpleSystemV2.


I have like four versions and I'm not sure which I should be using.

Thanks again,

cwave
  • #689
  • Edited 2:34am Sep 8, 2008 2:26am | Edited 2:34am
Hi. I have read this thread in the past three weeks and I also started to use the system last friday. It is working great on EUR/USD 15m chart. In 6 hours produced about 70 pips.

I also tried the EA but I cannot make it to work. I read all the posts. I used all the indicators in the thread and I am still receiving cannot open QQEA.ex4 error. I use Metatrader 4 - Interbank FX Trader version 4.0 bulid 218 on Windows Vista.

From all indicators posted here I managed to make work only QQE Allert V1 and QQE Allert _MTF_V2. I even tried to change the name on those two indicators but it did not help. More, it crashed the program so I deleted them and put them back on with their original names. The QQE Allert V3 does not work at all.

I am attaching a picture of the desktop. The blue and pink dots are generated by the QQE Allert V1. The QQE indicator in the bar is the QQE Allert _MTF_V2.



Any help will be highly appreciated. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: snapshot_Sep-08-2008c.jpg Size: 169 KB
If you're not part of the solution then you're part of the problem.
  • #690
  • Sep 8, 2008 2:49am Sep 8, 2008 2:49am
Quoting majorusa
Hi. I have read this thread in the past three weeks and I also started to use the system last friday. It is working great on EUR/USD 15m chart. In 6 hours produced about 70 pips.

I also tried the EA but I cannot make it to work. I read all the posts. I used all the indicators in the thread and I am still receiving cannot open QQEA.ex4 error. I use Metatrader 4 - Interbank FX Trader version 4.0 bulid 218 on Windows Vista.

From all indicators posted here I managed to make work only QQE Allert V1 and QQE Allert _MTF_V2. I even tried to change the name on those two indicators but it did not help. More, it crashed the program so I deleted them and put them back on with their original names. The QQE Allert V3 does not work at all.

I am attaching a picture of the desktop. The blue and pink dots are generated by the QQE Allert V1. The QQE indicator in the bar is the QQE Allert _MTF_V2.



Any help will be highly appreciated. Thank you.
I have tried the QQE with alert before and it doesn't work with this EA. Even if I changed the name to just QQE without the Alert it still doesn't work. I solved this problem by looking for the original QQE without Alert posted by Wahnone and then the EA works. I believed this EA was build basing on this particular QQE. Attached please find the QQE and a chart.

PS: The picture was saved with the Expert Adviser in off mode and thats why you see a cross instead of a smiley.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 17 KB
Attached File(s)
File Type: mq4 QQE.mq4   3 KB | 346 downloads
File Type: ex4 QQE.ex4   4 KB | 345 downloads
  • #691
  • Sep 8, 2008 6:18am Sep 8, 2008 6:18am
Quoting pete.alfa
Thank you again Ingridk,

how do use elliot wave osc? please explain a bit.

Thanks - pete
well, elliot osc will help you to see the market direction

example: are you on a short position but the price is going up and you're thinking about close your position. if the elliot osc is going down it means that the market price will still go down,of course that it dont works 100% of the times,but helps a lot.
another tip: only trade when stochastic is crossing/or about to cross

http://img165.imageshack.us/img165/4738/stohb1.jpg

i hope it helps ! regards
  • #692
  • Sep 8, 2008 8:09am Sep 8, 2008 8:09am
Quoting ingridk
well, elliot osc will help you to see the market direction

example: are you on a short position but the price is going up and you're thinking about close your position. if the elliot osc is going down it means that the market price will still go down,of course that it dont works 100% of the times,but helps a lot.
another tip: only trade when stochastic is crossing/or about to cross

http://img165.imageshack.us/img165/4738/stohb1.jpg

i hope it helps ! regards
Wow Thank you Ingridk That's great help.

Pete.
  • #693
  • Edited 11:03am Sep 8, 2008 10:07am | Edited 11:03am
Thank you Harry. Apparently I got no error. I am still waiting the EA to create the first trade. Thank you again for your help.
Update: it is working. Just generated the first trade! Thank you!
If you're not part of the solution then you're part of the problem.
  • #694
  • Sep 8, 2008 10:24am Sep 8, 2008 10:24am
Manuall trading is the best way to do this... as IngridK pointed out. You need to confirm trades with a higher timeframe, confirm the trend.

What this EA need is a "trend confirmer", quadruple 5-8 to 20-32 for example, and only trade with the trend.

Did I mention trend?

Look at my chart: black arrows are 5-8, big arrows are 20-32 emulating H4 and the big green and red line (120-192) are emulating D1 ... which way and when would you trend? I mean trade?
Attached Image (click to enlarge)
Click to Enlarge Name: fx.gif Size: 37 KB
"White collar crime deserves a blue collar beating!" - 8fingers
  • #695
  • Sep 8, 2008 10:49pm Sep 8, 2008 10:49pm
Quoting DramaKing
Manuall trading is the best way to do this... as IngridK pointed out. You need to confirm trades with a higher timeframe, confirm the trend.

What this EA need is a "trend confirmer", quadruple 5-8 to 20-32 for example, and only trade with the trend.

Did I mention trend?

Look at my chart: black arrows are 5-8, big arrows are 20-32 emulating H4 and the big green and red line (120-192) are emulating D1 ... which way and when would you trend? I mean trade?
Hi DramaKing,

Thank you for your Info. I would be appriciated if you post me EA 'trend confirmer' quadruple

Thank you pete
  • #696
  • Sep 9, 2008 1:43am Sep 9, 2008 1:43am
Quoting pete.alfa
Hi DramaKing,

Thank you for your Info. I would be appriciated if you post me EA 'trend confirmer' quadruple

Thank you pete
There is no "Trend Confirmer", it was just a suggestion to add to the "Simple Studpid System" EA to help pick the right trades.

I only use indicators and MA alarms
"White collar crime deserves a blue collar beating!" - 8fingers
  • #697
  • Sep 10, 2008 5:46am Sep 10, 2008 5:46am
Hi everyone . Does anyone have a pip count from a demo account to let others know how things are working out , and from what pairs they are using . I realize others are trying to mxamize this EA . but was just wondering , also what settings they are using .....??? thanks in advance ...
  • #698
  • Sep 11, 2008 8:35am Sep 11, 2008 8:35am
Wahnone,

I've been watching this thread almost from the beginning, and now seems like a good time to comment.

I'm not usually one that flits from 1 system to another, I have a scalping system on the 5/15's which involves the QQE, MA cross and CCI. Its something that works for me, and I'm happy.

However, your system grabbed my attention because of the QQE. I do like it, I must admit.

I've been testing it this week, taking what I think are sensible trades, i.e. nothing around the EMA200, and nothng heading in to an obvious S/R level.

Using fixed SL & TP of 25, I've had 12 winners and 2 losers. Only the latest one have I trailed the stop. EJ now short at 148.15, trailed to .90 which I think could blow. But I was dabbling ....

Basically I hate losing money, absolutely hate it, which is why I try to mechanically scalp. 25 pip stop losses go against my personality - some will think this is stupid (like the system!), but thats just the way I am.

So I need to thank you for changing my mindset, although to be honest, I had some of the instruments already. But your research and the comments of the other posters here have helped me greatly.

Thanks,
PQ.
  • #699
  • Sep 11, 2008 9:11am Sep 11, 2008 9:11am
Quoting Pips Queak
Wahnone,

I've been watching this thread almost from the beginning, and now seems like a good time to comment.

I'm not usually one that flits from 1 system to another, I have a scalping system on the 5/15's which involves the QQE, MA cross and CCI. Its something that works for me, and I'm happy.

However, your system grabbed my attention because of the QQE. I do like it, I must admit.

I've been testing it this week, taking what I think are sensible trades, i.e. nothing around the EMA200, and nothng heading in to an obvious S/R level.

Using fixed SL & TP of 25, I've had 12 winners and 2 losers. Only the latest one have I trailed the stop. EJ now short at 148.15, trailed to .90 which I think could blow. But I was dabbling ....

Basically I hate losing money, absolutely hate it, which is why I try to mechanically scalp. 25 pip stop losses go against my personality - some will think this is stupid (like the system!), but thats just the way I am.

So I need to thank you for changing my mindset, although to be honest, I had some of the instruments already. But your research and the comments of the other posters here have helped me greatly.

Thanks,
PQ.
PQ, sounds like you are doing well. Good job. What time frames are you using and are you only trading the EJ?
  • #700
  • Sep 11, 2008 10:08am Sep 11, 2008 10:08am
Quoting blucky
Do you know how to read this Elliottwaveoscillator-arrows ? thanks.

there..
Attached File(s)
File Type: mq4 Elliott Wave Oscillator.mq4   3 KB | 401 downloads
File Type: ex4 Elliott Wave Oscillator.ex4   3 KB | 363 downloads
Patience is the keyword here...
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