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Simple 1 Hour System

  • #1
  • First Post: Edited Oct 17, 2008 12:00am Oct 16, 2008 2:40pm | Edited Oct 17, 2008 12:00am
Hi Folks,

I've been trading this system for some months now and the returns have been consistent. I just feel I should share it with all and see if anyone could help write an Alert for it. Most of the indicators are not my original idea. Some I know the originators, while others, I do not know. However, I appeal to anyone who developed any of them not to take offence.

Indicators:
1. 3-ZZ
2. Non-Lag MA with the following settings:Filter = 20, Colour = 1, ColourBarBack = 0
3. EMA 8, 13, 21
4. Stochastics 15,3,3

Buy Entry.

1. Wait for 3 to show on the 3-ZZ
2. Wait for Non-Lag MA to change from red to yellow
3. Ensure that Stochastics change crosses from below 20 and is moving upwards.
4. EMA is just to confirm the general trend. When the order of their arrangement is 8,13,21 from below, it shows a down trend and vice versa

Exit
Exit the trade when another 3 shows up on the 3-ZZ at the other end of the move.

SELL Entry
1. Wait for 3 to show on the 3-ZZ
2. Wait for Non-Lag MA to change from blue to yellow
3. Ensure that Stochastics change crosses from below 80 and is moving downwards.
4. EMA is just to confirm the general trend. When the order of their arrangement is 8,13,21 from above, it shows an uptrend and vice versa

Exit
Exit the trade when another 3 shows up on the 3-ZZ at the other end of the move.


Download the attached indicators and template:

Comments and suggestions are welcomed.
Attached File(s)
File Type: ex4 3_Level_ZZ_Semafor.ex4   8 KB | 2,099 downloads
File Type: mq4 3_Level_ZZ_Semafor.mq4   8 KB | 2,232 downloads
File Type: mq4 NonLagMA_v4.mq4   5 KB | 2,348 downloads
File Type: tpl simple.tpl   3 KB | 2,091 downloads
  • #2
  • Oct 16, 2008 2:47pm Oct 16, 2008 2:47pm
This works with all pairs and all time frames. However the longer the TF, the greater the Stop Loss should be. I suggest the following:

M5 - 20
m15 - 30
M30 - 50
H1 - 100
H4 - 150
Daily - 200
Weekly - 500

TP should be at the traders discretion. Usually, I trade H1 and once I make 100 pips, I move my SL to BE. Once I hit any additional 50 pips, I move my SL by 50 until I get stopped out or another 3 shows up.

WARNING:
The '3' jumps especially on lower TFs. So use it in conjucttion with the Non-Lag MA and Stochastics.

NEEDED:
An alert with sound to notify me whenever the '3' appears.
  • #3
  • Oct 16, 2008 3:08pm Oct 16, 2008 3:08pm
Could you post screenshots of the proper setups? The signals I'm generating don't seem to match your success.
  • #4
  • Oct 16, 2008 3:31pm Oct 16, 2008 3:31pm
Can you explain what you mean?
  • #5
  • Oct 16, 2008 3:49pm Oct 16, 2008 3:49pm
When I place the indicators on my charts and I look for the trade setups, I don't see similar profits as you seem to be experiencing. That's why I'm asking for an example/
  • #6
  • Oct 16, 2008 3:51pm Oct 16, 2008 3:51pm
Quoting Ronald Raygun
Could you post screenshots of the proper setups? The signals I'm generating don't seem to match your success.
You can see the '3'. I entered @ 173.33 and made 150pips because the trade reversed. I then set a pending order @ 175.10 and made an additional 50pips. I currently have a pending order @ 176.30 which I hope will take me to the next '3' before the main reversal downwards.
When you instal 3-ZZ, you will observe that there are intermediate levels 1 and 2. I removed those because they sometimes cause confusion. I simply trade level 3 to 3.
Attached Image (click to enlarge)
Click to Enlarge Name: simple.gif Size: 46 KB
  • #7
  • Oct 16, 2008 3:55pm Oct 16, 2008 3:55pm
Note that I entered the trade late as I was not at my computer when the '3' appeared. really I should have got in @ 171.23 or there about.
  • #8
  • Oct 16, 2008 5:48pm Oct 16, 2008 5:48pm
I have applied this system on my chart and from the look of it, I think it looks promising to a great extent, but on my MT4 chart the Non-LAG MA is yellow all through, have I done something wrong?.

And also I can see some other numbers apart from the main 3, what are those for or should I simply ignore them, pls reply so that I wont misuse the indicator and once again I really appreciate your sharing it with us new traders.

I certainly will test it and get back to you.
John 3:16 - From THIS love no power on earth can me sever.
  • #9
  • Oct 16, 2008 6:06pm Oct 16, 2008 6:06pm
Quoting adros84
Note that I entered the trade late as I was not at my computer when the '3' appeared. really I should have got in @ 171.23 or there about.
Doesn't that ZZ repaint?
  • #10
  • Oct 16, 2008 7:58pm Oct 16, 2008 7:58pm
Looks very interesting and I'm running it on the 1 Hour.

Thanks for the indicators and happy trading.

cwave
  • #11
  • Oct 16, 2008 10:51pm Oct 16, 2008 10:51pm
Thanks
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  • #12
  • Oct 16, 2008 11:19pm Oct 16, 2008 11:19pm
Quoting Kosomolate
I have applied this system on my chart and from the look of it, I think it looks promising to a great extent, but on my MT4 chart the Non-LAG MA is yellow all through, have I done something wrong?.

And also I can see some other numbers apart from the main 3, what are those for or should I simply ignore them, pls reply so that I wont misuse the indicator and once again I really appreciate your sharing it with us new traders.

I certainly will test it and get back to you.
Sorry I forgot. You need to make the following changes in the inputof the Non-Lag MA:
Filter = 20
Colour = 1
ColourBarBack = 0

That should fix the problem.

The other numbers 1 and 2 only show retracements within the trend between the 3s. If the first 3 signals buy i.e appears at the end of a downward move, you know, price ia about to move upwards and you enter a buy order. Price will move up then retrace a little. The beginning and end of this minor retracement will have either 1 or 2. For me I consider them a distraction and removed them. You can do this by setting the variable in the input column (5 and 13) to 0. However, if you are comfortable with them, you can leave them. Hope this helps
  • #13
  • Oct 16, 2008 11:28pm Oct 16, 2008 11:28pm
Quoting billbss
Doesn't that ZZ repaint?
The 3 does not repaint. However, like i said earlier, it does jump occasionally. For example if you enter a buy order after a 3 at the end of a downward move, price may go up and then retrace. If the retracement becomes too large, the position of the 3 is threatened and it may move ffrom the previous price bar to the new lowest point. How to get rounfd this is to watch your stochastic very well. For 3 signal to be valid, the stoch must be under 20 and the non-lag MA must change to yellow and you must have SL in place once trade moves to a certain point so that if a reversal becomes too large, you get out at BE and you can always get in later. The appearance of 3 will most of the time signal the end of a downward ir upward trend but occasionally, price will go a little lower or higher. Patience and good MM is very crucial
  • #14
  • Oct 17, 2008 12:47am Oct 17, 2008 12:47am
I have seen the chart of the good performance ie +150 pips and that is very good, can you show us the chart of where things went wrong?

What is the percentage of the win and lose of the system so that we know what to expect and be on the guard, rather than been caught off guard.

Thanks for the sharing

Again big thanks, the Non-LAG MA problem is solved
John 3:16 - From THIS love no power on earth can me sever.
  • #15
  • Oct 17, 2008 6:07am Oct 17, 2008 6:07am
Quoting adros84
Hi Folks,

I've been trading this system for some months now and the returns have been consistent. I just feel I should share it with all and see if anyone could help write an Alert for it. Most of the indicators are not my original idea. Some I know the originators, while others, I do not know. However, I appeal to anyone who developed any of them not to take offence.

Indicators:
1. 3-ZZ
2. Non-Lag MA with the following settings:Filter = 20, Colour = 1, ColourBarBack = 0
3. EMA 8, 13, 21
4. Stochastics 15,3,3

Buy Entry.

1. Wait for 3 to show on the 3-ZZ
2. Wait for Non-Lag MA to change from red to yellow
3. Ensure that Stochastics change crosses from below 20 and is moving upwards.
4. EMA is just to confirm the general trend. When the order of their arrangement is 8,13,21 from below, it shows a down trend and vice versa

Exit
Exit the trade when another 3 shows up on the 3-ZZ at the other end of the move.

SELL Entry
1. Wait for 3 to show on the 3-ZZ
2. Wait for Non-Lag MA to change from blue to yellow
3. Ensure that Stochastics change crosses from below 80 and is moving downwards.
4. EMA is just to confirm the general trend. When the order of their arrangement is 8,13,21 from above, it shows an uptrend and vice versa

Exit
Exit the trade when another 3 shows up on the 3-ZZ at the other end of the move.


Download the attached indicators and template:

Comments and suggestions are welcomed.
I have been testing something very similar to this and I think this may help fastrack the testing. One quetion: Are you really finding this profitable and do the repainting problem of the 3ZZ doesn't become too much at some point in time? While trying my own approach out, I once had a losing streak of up to 14 trades because of the repainting 3ZZ. I would appreciate your reply.

PS: I am not trying to condemn the systems, just some things that bother me...
  • #16
  • Oct 17, 2008 10:08am Oct 17, 2008 10:08am
adros84 said it does not repaint except for occassional jumps when there is large retracement than what 3-zz can contain. And he also gave a way to handle that through waiting for stochs and non-lag MA. To get a near perfect indicator is almost impossible, so let,s make do with what we have and apply caution as we rake in pips.

I have been using it on demo and I like what I see so far.

May be the similar thing Wahnone is trying does not have the same code and configuration.

Pls programmers help us put alert sound on the 3-zz so at least we would not miss the right entry point.
John 3:16 - From THIS love no power on earth can me sever.
  • #17
  • Oct 17, 2008 10:14am Oct 17, 2008 10:14am
Hi!! Great work CD!!! Thanks!!

I for my part Laguerre be using to confirm my trades!
And be impressive as filter bad trades.
QQE also used together with CCI-SMOOTHED, give me some enters to the trade fair.
Trading me with 14 pairs.
Today 350pips do, is fascinating, thanks for the work and ideas.
If anyone interested in this template please tell me.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 63 KB
  • #18
  • Oct 17, 2008 10:27am Oct 17, 2008 10:27am
please sorry!!!
  • #19
  • Oct 17, 2008 11:50am Oct 17, 2008 11:50am
It looks like if you pay close attention to support and resistance areas it will pop off some good pips.

Thank you again for another good indicator and hopefully someone can turn it into a decent Expert Advisor for the MT4.

Happy Trading,

cwave
  • #20
  • Oct 17, 2008 1:16pm Oct 17, 2008 1:16pm
Look at the two charts I posted right now, I saw the "3" jumped from the former high to the new high shown with the red arrows in AUD/USD first then GBP/JPY charts. This would have turned these two trades a big loosers if they were to be on live accounts, whose SL have not been moved to BE.

I think the best way to deal with this case is not to target more than 50 pips on a move and to always remember to move SL to BE.

At any rate this does not totally remove from the fact that this system would help us to at least sometimes catch the tops and bottoms and to ride big moves at least if it is jumping in the direction of our trade.

If anybody knows any other valid solution pls respond it pays to share.

Attached Image (click to enlarge)
Click to Enlarge Name: audusd60.gif Size: 16 KB


Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy60.gif Size: 16 KB
John 3:16 - From THIS love no power on earth can me sever.
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