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Step MA 1min system

  • #1
  • First Post: Edited 2:10pm Sep 22, 2008 1:07pm | Edited 2:10pm
Hi members. I just developed this 1 minute system and thought I would share it for testing.

Pair:
EUR/USD

Time Frame: 1M

Indicators:
Step MA v7 - default with step set to 20 & width set to 1
Heiken Ashi - default with color set to red/dodger blue & width set to 1
Stochastic Oscillator - set to 14,3,3 with 20/80 levels & only using the main line

Stop Loss: 20 pips including spread

Take Profit: 20 pips after spread

Trade signal: On the close of a candle

Rules:

Long - open a contract when the step ma turns from red to blue, stoch signal line closes at or above the 80 level, and heiken ashi candle is blue

Short - open a contract when the step ma turns from blue to red,
stoch signal line closes at or below the 20 level, and heiken ashi candle is red

MM: I am using a step up and down in the contract size for the money mangement. I increase the contract size by 1 after a loss and decrease by 1 after a win.

Note: Stay in the trade until either the t/p or s/l is hit and then look for the next signal.

Daily goal: up to you but I will shoot for 20 pips net a day.
Attached File(s)
File Type: mq4 StepMA_v7.2.mq4   9 KB | 6,524 downloads
File Type: tpl stepma.tpl   2 KB | 4,177 downloads
  • #2
  • Sep 22, 2008 1:10pm Sep 22, 2008 1:10pm
Here's a pic of the system.
Attached Image (click to enlarge)
Click to Enlarge Name: step ma.jpg Size: 153 KB
  • #3
  • Sep 22, 2008 1:37pm Sep 22, 2008 1:37pm
How long have you been testing this system? Thanks for sharing with us all!
  • #4
  • Sep 22, 2008 1:58pm Sep 22, 2008 1:58pm
Quoting midwestguy94
How long have you been testing this system? Thanks for sharing with us all!
Just came up with it last night. So far 16 trades with a 50% hit rate with max of 3 consecutive losses and wins.
  • #5
  • Sep 22, 2008 2:11pm Sep 22, 2008 2:11pm
Change stoch settings to 14,3,3 in the 1st post.
  • #6
  • Sep 22, 2008 4:04pm Sep 22, 2008 4:04pm
Yes Booked 25 PIP with your new system on EU
  • #7
  • Sep 22, 2008 5:15pm Sep 22, 2008 5:15pm
Go long when the stochs are already overbought?

And go short when the stochs are already oversold?

The single example worked great because there was a strong trend, in ranging markets I think this strategy would be a disaster - you would be constantly going long at the top of a move and short at the bottom of the move

Needs some tweaking IMHO

Andy
  • #8
  • Sep 22, 2008 10:12pm Sep 22, 2008 10:12pm
What's the Step MA v7 setup?
  • #9
  • Sep 23, 2008 12:18am Sep 23, 2008 12:18am
Quoting Andy B
Go long when the stochs are already overbought?

And go short when the stochs are already oversold?

The single example worked great because there was a strong trend, in ranging markets I think this strategy would be a disaster - you would be constantly going long at the top of a move and short at the bottom of the move

Needs some tweaking IMHO

Andy
Andy,

You are probably correct. Perhaps the M5 timeframe will be better. I will test this to see if it's better capturing 20 pips with less trades. Thanks for you comments. As far as stochs, you could eliminate it and just trade on the color change of the step ma and color change of the candle. Lcfx
  • #10
  • Sep 23, 2008 12:22am Sep 23, 2008 12:22am
Quoting lcfxtrader
Andy,

You are probably correct. Perhaps the M5 timeframe will be better. I will test this to see if it's better capturing 20 pips with less trades. Thanks for you comments. As far as stochs, you could eliminate it and just trade on the color change of the step ma and color change of the candle. Lcfx
Instead of moving up a timeframe, try moving out a decimal place. Look for brokers which deal in 1/10ths of a pip.
  • #11
  • Sep 23, 2008 12:31am Sep 23, 2008 12:31am
Quoting Ronald Raygun
Instead of moving up a timeframe, try moving out a decimal place. Look for brokers which deal in 1/10ths of a pip.
I have a live spot fx account with IBFX and would pefer to stick with them. If the 1M system is used perhaps a lower tp & sl of 10 pips could be used.
  • #12
  • Sep 23, 2008 12:37am Sep 23, 2008 12:37am
Quoting brokenguitar
What's the Step MA v7 setup?
Step MA v7 - default with step set to 20 & width set to 1
  • #13
  • Sep 23, 2008 12:40am Sep 23, 2008 12:40am
Here are my closed trades so far.
Attached Image (click to enlarge)
Click to Enlarge Name: m1.jpg Size: 243 KB
  • #14
  • Sep 23, 2008 2:03am Sep 23, 2008 2:03am
Is this setup??
Attached Image
  • #15
  • Jan 29, 2010 10:15am Jan 29, 2010 10:15am
Bump...Any progress or improvements in using the StepMA with a higher success rate between the m1 and m5 timeframes?

Thanks.
  • #16
  • Jan 29, 2010 11:21am Jan 29, 2010 11:21am
I will look at this again over the weekend. I think it would be a good move to change the stop from a static number to one based on ATR. I will post the indicator tonight.
  • #17
  • Last Post: Aug 20, 2010 4:19pm Aug 20, 2010 4:19pm
Quoting lcfxtrader
I will look at this again over the weekend. I think it would be a good move to change the stop from a static number to one based on ATR. I will post the indicator tonight.
Do you know how to write code for mt4?

I have an indicator from the metatrader library that is great for calling pullbacks with the trend, but doesnt refresh itself--i need to go out of my chart's timeframe on the bar close then back in to see if there was a new signal.
It's weird since whoever wrote it, has alerts and email coded but they only happen if i manually go out and back in.

It goes by 2 names--Beginner Alert and SHI Silver TrendSig and I can post the code if you dont have it in your broker metatrader library.
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