Simple 1 Hour System

Quoting Kosomolate

Disliked

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.

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Quoting Kosomolate

Disliked

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.

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Quoting Kosomolate

Disliked

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.

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Quoting Wahnone

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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...

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Quoting Wahnone

Disliked

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...

Ignored

Quoting Ronald Raygun

Disliked

The reason why I haven't coded an EA for this:

This system appears to be a trend-finding system, whereby it looks for the tops/bottoms of a trend. Such systems are famous for low accuracy ratings.

Can anyone here prove otherwise? The repainting nature of that ZZ also disturbs me. I'll be watching this thread for now. If I like what I see, I'll put together an EA.

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//+------------------------------------------------------------------+
//|                                         EMA-Crossover_Signal.mq4 |
//|         Copyright © 2005, Jason Robinson (jnrtrading)            |
//|                   http://www.jnrtading.co.uk                     |
//+------------------------------------------------------------------+

/*
  +------------------------------------------------------------------+
  | Allows you to enter two ema periods and it will then show you at |
  | Which point they crossed over. It is more usful on the shorter   |
  | periods that get obscured by the bars / candlesticks and when    |
  | the zoom level is out. Also allows you then to remove the emas   |
  | from the chart. (emas are initially set at 5 and 6)              |
  +------------------------------------------------------------------+
*/   
#property copyright "Copyright © 2005, Jason Robinson (jnrtrading)"
#property link      "http://www.jnrtrading.co.uk"

#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 Blue
#property indicator_color2 Red
#property indicator_width1 2
#property indicator_width2 2

double CrossUp[];
double CrossDown[];
extern int FasterMA = 5;
extern int FasterMode  =    1; // 0 = sma, 1 = ema, 2 = smma, 3 = lwma
extern int MediumMA = 10;
extern int MediumMode  =    1; // 0 = sma, 1 = ema, 2 = smma, 3 = lwma
extern int SlowerMA = 34;
extern int SlowerMode  =    1; // 0 = sma, 1 = ema, 2 = smma, 3 = lwma

double Range, AvgRange;
double fasterMAnow, fasterMAprevious;
double mediumMAnow, mediumMAprevious;
double slowerMAnow, slowerMAprevious;
//+------------------------------------------------------------------+
//| Custom indicator initialization function                         |
//+------------------------------------------------------------------+
int init()
  {
//---- indicators
   SetIndexStyle(0, DRAW_ARROW, EMPTY,2);
   SetIndexArrow(0, 233);
   SetIndexBuffer(0, CrossUp);
   SetIndexEmptyValue(0,0.0);
   SetIndexStyle(1, DRAW_ARROW, EMPTY,2);
   SetIndexArrow(1, 234);
   SetIndexBuffer(1, CrossDown);
   SetIndexEmptyValue(1,0.0);
//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function                       |
//+------------------------------------------------------------------+
int deinit()
  {
//---- 

//----
   return(0);
  }
//+------------------------------------------------------------------+
//| Custom indicator iteration function                              |
//+------------------------------------------------------------------+
int start() {
   int limit, i, counter;
   int counted_bars=IndicatorCounted();
//---- check for possible errors
   if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
   if(counted_bars>0) counted_bars--;

   limit=Bars-counted_bars;
   
   for(i = 0; i <= limit; i++) {
   
      counter=i;
      Range=0;
      AvgRange=0;
      for (counter=i ;counter<=i+9;counter++)
      {
         AvgRange=AvgRange+MathAbs(High[counter]-Low[counter]);
      }
      Range=AvgRange/10;
       
      fasterMAnow = iMA(NULL, 0, FasterMA, 0, FasterMode, PRICE_CLOSE, i);
      fasterMAprevious = iMA(NULL, 0, FasterMA, 0, FasterMode, PRICE_CLOSE, i+1);

      mediumMAnow      = iMA(NULL, 0, MediumMA, 0, MediumMode, PRICE_CLOSE, i);
      mediumMAprevious = iMA(NULL, 0, MediumMA, 0, MediumMode, PRICE_CLOSE, i+1);

      slowerMAnow = iMA(NULL, 0, SlowerMA, 0, SlowerMode, PRICE_CLOSE, i);
      slowerMAprevious = iMA(NULL, 0, SlowerMA, 0, SlowerMode, PRICE_CLOSE, i+1);
      
      CrossUp[i] = 0.0;
      CrossDown[i] = 0.0;
      if ((fasterMAnow > slowerMAnow) && (mediumMAnow > slowerMAnow) && (mediumMAprevious < slowerMAprevious) ) {
         CrossUp[i] = Low[i] - Range*0.5;
         if(i = 0) { 
             Alert("This is an Alert The MAs crossed Long");
             PlaySound("alert.wav");
             }
      }
      else if ((fasterMAnow < slowerMAnow) && (mediumMAnow < slowerMAnow) && (mediumMAprevious > slowerMAprevious) ) {
         CrossDown[i] = High[i] + Range*0.5;
         if(i = 0) { 
             Alert("This is an Alert The MAs crossed Short");
             PlaySound("alert.wav");
             }
      }
   }
   return(0);
}

Quoting adros84

Disliked

Wahnone,
Thanks for your contribution. I want the system criticized and torn apart and then put together again.Better to do that and save everybody the agony of losing our hard earned money. Now to the question of the success of the system, I've enjoyed 90% success rate with it. The jumping of 3 does not constitute much problem. In the first place, I trade the JPY pairs mostly and you know they are very volatile. Apart from that, I follow the rules rigidly. TWhen the 3 appears, I wait for the Non-Lag. If it does not change, I resist the temptation to enter a trade. I am never in a hurry to go in as I know there will always be enough pips. Most moves from 3 to 3 cover 700 pips+. So I am willing to sacrifice 100 before I enter. Besides I never play with my SL once it moves in my favour 100pips. I do not recommend using this system in a TF lower than H1. H4 is infact better for those who can.

Ignored

Quoting Ronald Raygun

Disliked

This system appears to be a trend-finding system, whereby it looks for the tops/bottoms of a trend.

Ignored

Quoting adros84

Disliked

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...

Ignored

Quoting adros84

Disliked

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...

Ignored

Quoting Danyjoe

Disliked

I'm trying and I thank you very much for sharing it, on which currency works best?

Ignored

Quoting adros84

Disliked

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...

Ignored