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Attachments: Pbar Swing System
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Pbar Swing System

  • #1
  • First Post: Aug 31, 2008 1:10pm Aug 31, 2008 1:10pm
Hi...
Would like to share an system I have, had it upgrade no too long ago by adding an filtering Indicator to void most of the early buy and sell signals...It came 33rd place in the MT4 EA Championship 2007....I do trade the manual version but with caution I'll post the files etc..in the next two days time ..Zunit
Attached Image (click to enlarge)
Click to Enlarge Name: Pbar_Swing.jpg Size: 114 KB
Patient is Golden
  • #2
  • Aug 31, 2008 9:01pm Aug 31, 2008 9:01pm
Please explain the rules when you can.
  • #3
  • Aug 31, 2008 9:35pm Aug 31, 2008 9:35pm
Looks interesting, hoping to hear more of your strategy.
  • #4
  • Sep 1, 2008 1:09pm Sep 1, 2008 1:09pm
Pbar_Swing System... indicators
********************************
RSI.....................Buy.... when RSI 2 period goes above the 50 level

Sell... when the RSI 2 period penetrate the 50 RSI level
*************************************************************************************
ADX ....................Buy.... While the ADX 1 period is below the ADX 16 level

Sell... when the ADX 1 period goes above the 16 ADX level
*************************************************************************************
Stochastic Oscillator....Exit buys and sells the stochastic crosses
*************************************************************************************
System Rules............. Only buy and sell when the RSI and ADX both show signal to buy and sell....ADX tends to show an
signal before the RSI.
Stop loss is place @ 80 pips or the lowest low of the previous 3 bars... System can be trade on all time frame...1Min..to
the Monthly.....Enjoy.
Attached File(s)
File Type: zip Pbar Swing.zip   197 KB | 1,532 downloads
Patient is Golden
  • #5
  • Sep 1, 2008 6:47pm Sep 1, 2008 6:47pm
What is take profit? Did I miss that?

Quoting Zunit
Pbar_Swing System... indicators
********************************
RSI.....................Buy.... when RSI 2 period goes above the 50 level

Sell... when the RSI 2 period penetrate the 50 RSI level
*************************************************************************************
ADX ....................Buy.... While the ADX 1 period is below the ADX 16 level

Sell... when the ADX 1 period goes above the 16 ADX level
*************************************************************************************
Stochastic Oscillator....Exit buys and sells the stochastic crosses
*************************************************************************************
System Rules............. Only buy and sell when the RSI and ADX both show signal to buy and sell....ADX tends to show an
signal before the RSI.
Stop loss is place @ 80 pips or the lowest low of the previous 3 bars... System can be trade on all time frame...1Min..to
the Monthly.....Enjoy.
  • #6
  • Sep 2, 2008 7:32am Sep 2, 2008 7:32am
Quoting Dreamliner
What is take profit? Did I miss that?
................I can't predict exit points, that's why I exit trades when the stochastic indicator crosses over.......I'll work on finding an other indicator in the future, for an cleaner view....Z
Patient is Golden
  • #7
  • Sep 2, 2008 9:45am Sep 2, 2008 9:45am
Thank you for posting your system.

1. Is this system specially design for GBP/USD?

2. You mentioned any time frame is good. What is your personal preference?

Regards limcs
  • #8
  • Sep 3, 2008 12:01pm Sep 3, 2008 12:01pm
No it's not...you can trade any Pair with it............The daily chart is my favorite ....because of my situation.. a day Job .........on my days off I use the 4hr and 15 min Chart to trade the EURCHF....Z
Patient is Golden
  • #9
  • Sep 11, 2008 12:18pm Sep 11, 2008 12:18pm
here is the link I told you about ---------------->
http://www.babypips.com/

Quoting Zunit
Pbar_Swing System... indicators
********************************
RSI.....................Buy.... when RSI 2 period goes above the 50 level

Sell... when the RSI 2 period penetrate the 50 RSI level
*************************************************************************************
ADX ....................Buy.... While the ADX 1 period is below the ADX 16 level

Sell... when the ADX 1 period goes above the 16 ADX level
*************************************************************************************
Stochastic Oscillator....Exit buys and sells the stochastic crosses
*************************************************************************************
System Rules............. Only buy and sell when the RSI and ADX both show signal to buy and sell....ADX tends to show an
signal before the RSI.
Stop loss is place @ 80 pips or the lowest low of the previous 3 bars... System can be trade on all time frame...1Min..to
the Monthly.....Enjoy.
Patient is Golden
  • #10
  • Sep 18, 2008 2:42pm Sep 18, 2008 2:42pm
Quoting Zunit
................I can't predict exit points, that's why I exit trades when the stochastic indicator crosses over.......I'll work on finding an other indicator in the future, for an cleaner view....Z
I''ll post the rules for the update next week.......
Attached Image (click to enlarge)
Click to Enlarge Name: Pbar UP DATE.jpg Size: 101 KB
Patient is Golden
  • #11
  • Sep 27, 2008 2:24pm Sep 27, 2008 2:24pm
Rules remain the same.........enjoy the pips,,
Attached File(s)
File Type: tpl The Main pbar_tlp.tpl   5 KB | 766 downloads
Patient is Golden
  • #12
  • Sep 28, 2008 8:37am Sep 28, 2008 8:37am
Hi there,

Could you please help clarify what the MA's are for - do you buy when the price is below the MA's and sell when it's above?

Is that the idea ?

Please let us know what is different apart from the RSI being a 6 instead of 2.

Cheers,

VB,
  • #13
  • Sep 28, 2008 11:27am Sep 28, 2008 11:27am
Quoting VitaminBeer
Hi there,

Could you please help clarify what the MA's are for - do you buy when the price is below the MA's and sell when it's above?

Is that the idea ?

Please let us know what is different apart from the RSI being a 6 instead of 2.

Cheers,

VB,

The MA's is use as trend indication if price is above the MA's focus on taking buy signals.... below sell signals .....also there will be buy signals in an down trend (sell signal in up trend).....which may be trade-able use caution tight stop when trading against the trend ..........

(as the price bar close after entering trade put your stop at lowest low of the previous two bars as trailing stop)

........ RSI 2 to 6 change ...........What I've notice while using RSI 2 period in an channel sideways market there is an lot of unnecessary buy and sell signals using the 6 period took care of that problem.it's much smoother now.
Patient is Golden
  • #14
  • Oct 2, 2008 3:11pm Oct 2, 2008 3:11pm
Now this is an beauty on the daily charts ......
Attached File(s)
File Type: tpl the main pbar_tlp3_daily.tpl   4 KB | 735 downloads
Patient is Golden
  • #15
  • Oct 3, 2008 7:03am Oct 3, 2008 7:03am
Thx for shareing. looks good on D1
  • #16
  • Oct 3, 2008 7:24am Oct 3, 2008 7:24am
rsiperiod-6
rsiprice-0
masignal-0
mamode-0

and it will show rsi bars.

if somebody have adx bar indi shear it plz.
Attached File(s)
File Type: ex4 RSI HistoAlert 4CBars.ex4   5 KB | 637 downloads
File Type: mq4 RSI HistoAlert 4CBars.mq4   3 KB | 695 downloads
  • #17
  • Oct 3, 2008 8:04am Oct 3, 2008 8:04am
Quoting gio.kele
Thx for shareing. looks good on D1
It sure is in beauty....glad you like it
Patient is Golden
  • #18
  • Oct 3, 2008 8:10am Oct 3, 2008 8:10am
Quoting gio.kele
rsiperiod-6
rsiprice-0
masignal-0
mamode-0

and it will show rsi bars.

if somebody have adx bar indi shear it plz.
ADX bar....mmmmm I'm going to do an serious search ......now ....I'm sure it's out there .
Patient is Golden
  • #19
  • Oct 3, 2008 8:57am Oct 3, 2008 8:57am
Quoting Zunit
ADX bar....mmmmm I'm going to do an serious search ......now ....I'm sure it's out there .
I'm serching to but can't find yet. nice entry on eur-usd 1h.
Attached Image (click to enlarge)
Click to Enlarge Name: eur usd.gif Size: 67 KB
  • #20
  • Oct 3, 2008 9:04am Oct 3, 2008 9:04am
Quoting gio.kele
I'm serching to but can't find yet. nice entry on eur-usd 1h.
I caught the GBPUSD move on the 4Hr charts got out when it hit 30pips
Patient is Golden
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