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The simple stupid system

  • #741
  • Sep 30, 2008 6:10am Sep 30, 2008 6:10am
Quoting cwave
Here you go. Pretty good one too. Good luck trading.

cwave
it look very nice, on which timeframe do you use it? in 1M I set Rperiod = 10 and LSMA_Period =10, a better tuning what do you mean?
ashi
  • #742
  • Sep 30, 2008 10:19am Sep 30, 2008 10:19am
Quoting Ashi
it look very nice, on which timeframe do you use it? in 1M I set Rperiod = 10 and LSMA_Period =10, a better tuning what do you mean?
ashi

I work off of a 30 minute and 1 hour. I always keep an eye on trends. I've had better luck with the 30 minute.

That QQEv3 indicator with alert is fantastic.

Go here also this guy is great and it's free. http://algsnotes.blogspot.com/

Happy trading,
cwave
  • #743
  • Sep 30, 2008 1:28pm Sep 30, 2008 1:28pm
Quoting Smknyc
Mr Wahnone,

Thank you for sharing your simple system, I have cherry picked indicators posted on SSS thread. I am using Hourly chart

Bagged 347 PiPs

Short EURUSD @ 1.4363
Hi! Can you post what indicators are you using on the EURUSD chart? Tks.
If you're not part of the solution then you're part of the problem.
  • #744
  • Sep 30, 2008 4:46pm Sep 30, 2008 4:46pm
What started out as a nice system/strategy with 2 MA's, 2 indicators and an alert has now grown to almost triple that amount.

Newbees never seem to learn that cluttering up the charts and making it look like a plate of speghetti with multiple indicators (all of which tells you the same thing) will never predict what the price action is going to do next.

Oh well - I'm outta here with a sad heart. Another good thread ruined.
  • #745
  • Oct 1, 2008 1:34am Oct 1, 2008 1:34am
Quoting Flamenco143
What started out as a nice system/strategy with 2 MA's, 2 indicators and an alert has now grown to almost triple that amount.

Newbees never seem to learn that cluttering up the charts and making it look like a plate of speghetti with multiple indicators (all of which tells you the same thing) will never predict what the price action is going to do next.

Oh well - I'm outta here with a sad heart. Another good thread ruined.
Well, things evolve sometimes. What Wahnone started is a great system. Though, it fails to function from time to time. Therefore, used by itself can bring your account in the ground. That is why some of us felt the need to add some more ellements. If you are looking at my charts you will see bollinger bands, fractals and trendfinder. These are not complicating the system but give you a better chance to win. To prove my point please see the statements below. It is from live account not demo. The first trades until 18.09.2008 were made exclusivelly on the system. Dire results.

Then I added the othe things. The net result after this change was a plus of 77.80 USD.

Sometimes newbies think that a good and simple system is enough to make a ton of money. And I did not tell you yet about money management...
Attached Images
If you're not part of the solution then you're part of the problem.
  • #746
  • Oct 1, 2008 2:13am Oct 1, 2008 2:13am
Wahnone, where are you? How can we find out about your 4H system? This one is far from stupid. I've tried and tested a lot of systems on this site and this one works so well. Please let us know how to find out about your new 4H system...

Thanks

Erbguy
  • #747
  • Oct 1, 2008 4:44am Oct 1, 2008 4:44am
Quoting cwave
I work off of a 30 minute and 1 hour. I always keep an eye on trends. I've had better luck with the 30 minute.

That QQEv3 indicator with alert is fantastic.

Go here also this guy is great and it's free. http://algsnotes.blogspot.com/

Happy trading,
cwave
thanks cwave for the blog from ALG, very interesting
Ashi
  • #748
  • Oct 1, 2008 6:53am Oct 1, 2008 6:53am
Could some kind soul post all the latest templates & indicators for this system in one place, so we don't have to go find odd bits and bobs then find out they have been revised.

Thanks in advance
Starting to see instead of just looking.
  • #749
  • Oct 1, 2008 7:19am Oct 1, 2008 7:19am
Quoting Flamenco143
What started out as a nice system/strategy with 2 MA's, 2 indicators and an alert has now grown to almost triple that amount.

Newbees never seem to learn that cluttering up the charts and making it look like a plate of speghetti with multiple indicators (all of which tells you the same thing) will never predict what the price action is going to do next.

Oh well - I'm outta here with a sad heart. Another good thread ruined.
I understand your concern, but I feel there is nothing wrong in improving a system so that it can improve your results. Since we all want to maximize our profits, then optimizing our strategy to make better signals is not bad at all.
  • #750
  • Oct 1, 2008 7:38am Oct 1, 2008 7:38am
Quoting Rastaman
Could some kind soul post all the latest templates & indicators for this system in one place, so we don't have to go find odd bits and bobs then find out they have been revised.

Thanks in advance
The templates and indicators remain the same and the rest depends on your preference i.e timeframe to trade, exit strategy e.t.c. This system on its self is profitable.
  • #751
  • Oct 1, 2008 8:07pm Oct 1, 2008 8:07pm
Thanks for replying so soon.
Just downloaded and implemented them, will give it some attention.

Many thanks.
Starting to see instead of just looking.
  • #752
  • Oct 1, 2008 10:41pm Oct 1, 2008 10:41pm
The system kept me out of a couple of bad trades where I would normally have made an entry to scam, at lunch time JP time. Very pleased with the manner in which it does not get suckered into an entry and this probably saved me from losing the $800 I pulled out of the market early this morning.

Bravo

More testing to do here.
Starting to see instead of just looking.
  • #753
  • Oct 1, 2008 11:05pm Oct 1, 2008 11:05pm
Indicator List

Main

Heiken Ashi
MA 5
MA 8
5-8openEMA Cross Arrow with Alerts
Fib Pivots
SAR

Indicator Window 1
Mom VT
Indicator Window 2
TF_1.01
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-15m.gif Size: 28 KB
Trading is Methodical - Markets are Emotional
  • #754
  • Oct 1, 2008 11:13pm Oct 1, 2008 11:13pm
As a newbie I am just trying to get a handle on the conditions for buying and selling. Please excuse my ignorance here but I take it that the 5/8 ma is the moving average yet do not understand the (5/8) nor the QQE alert.

I was assuming that the black line crossing the blue line from above was the point of entry and the opposite the exit?



----------------------------------------------------------------------------------
There are two conditions for Entry.

1. Basic Entry

Buy: 5/8 ma up crossover
Dinapoli stoch bullish crossover
MomentumVT above 0 level
QQE alert pointing up

Sell: 5/8 ma down crossover
Dinapoli stoch bearish crossover
MomentumVT below 0
QQE alert pointing down
----------------------------------------------------------------------------------

http://img252.imageshack.us/img252/3015/simplexq4.jpg
Starting to see instead of just looking.
  • #755
  • Oct 2, 2008 2:11am Oct 2, 2008 2:11am
Quoting Smknyc
Indicator List

Main

Heiken Ashi
MA 5
MA 8
5-8openEMA Cross Arrow with Alerts
Fib Pivots
SAR

Indicator Window 1
Mom VT
Indicator Window 2
TF_1.01
Thank you. Can you attach here the one that gives you the no trade message on the screen and the two horizontal bars?

Thanks again.
If you're not part of the solution then you're part of the problem.
  • #756
  • Edited 4:32am Oct 2, 2008 4:06am | Edited 4:32am
I keep hearing the MT4 chime going off but am unable to see any pop up indicators.
Maybe, I got the wrong impression but is this script supposed to pop up any buy or sell indicators?

This is the error message.

2008.10.02 18:03:10 Cannot open file 'C:\Program Files\ODL MetaTrader 4\experts\indicators\QQEA.ex4' on the USDJPY,M30

I installed all the indicators in the right place, can't work this out.
Perhaps this is why I did not understand the bit about the QQE alert pointing up?

The plot thickens.
Starting to see instead of just looking.
  • #757
  • Oct 3, 2008 12:28am Oct 3, 2008 12:28am
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

Wooooo
Is this supposed to actually generate and execute a trade, like a trading robot?

I can't get the QQE to pop up alerts or arrows either on Vista.
Starting to see instead of just looking.
  • #758
  • Oct 3, 2008 11:11am Oct 3, 2008 11:11am
This week results on my live account. Thanks Wahnone for a great system.
Attached Image
If you're not part of the solution then you're part of the problem.
  • #759
  • Oct 3, 2008 11:46am Oct 3, 2008 11:46am
Quoting majorusa
This week results on my live account. Thanks Wahnone for a great system.
Are you running an EA or just manual by the Rules on post #1?
What currencies and TF?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #760
  • Oct 3, 2008 11:50am Oct 3, 2008 11:50am
Quoting majorusa
Well, things evolve sometimes. What Wahnone started is a great system. Though, it fails to function from time to time. Therefore, used by itself can bring your account in the ground. That is why some of us felt the need to add some more ellements. If you are looking at my charts you will see bollinger bands, fractals and trendfinder. These are not complicating the system but give you a better chance to win. To prove my point please see the statements below. It is from live account not demo. The first trades until 18.09.2008 were made exclusivelly on the system. Dire results.

Then I added the othe things. The net result after this change was a plus of 77.80 USD.

Sometimes newbies think that a good and simple system is enough to make a ton of money. And I did not tell you yet about money management...
Can you post your Template, Indicators and Rules Please.
Thanks man
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
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