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Bones trading system

  • #1
  • First Post: Edited Oct 18, 2008 1:49am Oct 17, 2008 4:38pm | Edited Oct 18, 2008 1:49am
I'm in the process of developing a system I call it Bones as in (bare bones)

Indicators

MACD Traditional (setting as per indicator)
Stochastic (20, 5,5)
CCI (20)
QQE (20)
and Slope Direction (your choice but mine is 20,2,0)

Entries

If 3 of the 4 indicator have shown there signals and are in sync with the slope direction then enter a position.

MACD long signal = ma crossed below the 0 line and 1 histo above the 0
Stoch long signal = crossed below the 20
CCI long signal = line crossed the 0 line
QQE long signal = Rsi crossed above the atr ?

Vice versa for short

Slope direction blue= long red = short

MM is as per attached excel sheet

I have just open a live micro account with Lite FX to see how thing go.

Have a look and let my know what you think

Cheers

Kiwi
Attached Image (click to enlarge)
Click to Enlarge Name: bone.gif Size: 94 KB
Attached File(s)
File Type: xls Bones MM DD v9.xls   413 KB | 627 downloads
File Type: mq4 MACD trad.mq4   3 KB | 577 downloads
File Type: mq4 QQE.mq4   3 KB | 551 downloads
File Type: mq4 CCI.mq4   4 KB | 531 downloads
File Type: mq4 Slope Direction Line.mq4   4 KB | 557 downloads
File Type: mq4 Stochastic.mq4   4 KB | 532 downloads
  • #2
  • Oct 17, 2008 5:05pm Oct 17, 2008 5:05pm
Thanks for sharing!

You are working on daily TF?

Do you have any preferred pairs for your system?

Maybe you got some trading examples and results for us?
  • #3
  • Oct 17, 2008 9:22pm Oct 17, 2008 9:22pm
Thanks for sharing. I see that this system is kind off a good trend follower for the daily chart.

Please, if you can share your template.
Thanks
  • #4
  • Oct 17, 2008 9:43pm Oct 17, 2008 9:43pm
also do you have a suggestion. Seems good for the entry.. but how do we know when to exit or how long to stay in the trade?
  • #5
  • Oct 17, 2008 11:53pm Oct 17, 2008 11:53pm
Anyways i created the template looking at the picture posted on the 1st post.
Attached File(s)
File Type: zip kiwi.zip   2 KB | 553 downloads
  • #6
  • Oct 18, 2008 2:29am Oct 18, 2008 2:29am
Thanks for the positive comments

template attached thanks dznmrd i have attached mine as well

Exits

I have several

 

  1. Reversal of signal so stay with the trend make as much as possible but stay with in the mm systems lot size and max number of positions (need to monitor)
  2. After a few wins and losses you will notice on the mm excel sheet a Mathematical Exectation= (1+average win/average loss)*(system accuracy) -1 this is how much capital you could expect to win on average per trade i have used it and just muiltipled the SL by that figure to get a possible exit point use this as a set and forget
  3. I have also used the kelly percentage as a target figure which has worked well on a smaller balance. you will need to work this out as a percentage of your balance then place as a TP (need to monitor) as you could get a reversal before target is hit.

The great thing is there are no prefered pairs just keep and eye on the indicators for there signals.

In the case of having to many signal then the mm system allows used the average Win/Loss as a filter ie the higher one wins.

If you have a string of losses and the max number of position you could has been used stop trading for the rest of the month. Take a break and stop looking for trades that are not there.

recommended reading imho http://www.fxstreet.com/education/fo...008-01-08.html


Please remember that this is a work in progress and an education process for me.


Cheers

Kiwi

Attached File(s)
File Type: tpl bones.tpl   4 KB | 532 downloads
  • #7
  • Oct 18, 2008 9:23am Oct 18, 2008 9:23am
Quoting Kiwi06
Thanks for the positive comments

template attached thanks dznmrd i have attached mine as well

Exits

I have several

  1. Reversal of signal so stay with the trend make as much as possible but stay with in the mm systems lot size and max number of positions (need to monitor)
  2. After a few wins and losses you will notice on the mm excel sheet a Mathematical Exectation= (1+average win/average loss)*(system accuracy) -1 this is how much capital you could expect to win on average per trade i have used it and just muiltipled the SL by that figure to get a possible exit point use this as a set and forget
  3. I have also used the kelly percentage as a target figure which has worked well on a smaller balance. you will need to work this out as a percentage of your balance then place as a TP (need to monitor) as you could get a reversal before target is hit.

The great thing is there are no prefered pairs just keep and eye on the indicators for there signals.

In the case of having to many signal then the mm system allows used the average Win/Loss as a filter ie the higher one wins.

If you have a string of losses and the max number of position you could has been used stop trading for the rest of the month. Take a break and stop looking for trades that are not there.

recommended reading imho http://www.fxstreet.com/education/fo...008-01-08.html


Please remember that this is a work in progress and an education process for me.


Cheers

Kiwi

Thanks, i needed your template and i really like the color combination of the background with the grid color.

Am i reading this correctly? GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdbones.jpg Size: 162 KB


Slope up .... check.
Signal 1..... check
Signal 2 .... check
Signal 3....waiting on it...to confirm a buy.
  • #8
  • Oct 18, 2008 11:41am Oct 18, 2008 11:41am
yes that looks good, because this is a manual system you get to check other time frames, for this particular set up on that pair and in with the current volatility. I often check the weekly then make a judgement call based on what the indicators look like ie weather they are looking like they are on the turn or 1 or two have have already crossed

cheers

kiwi
  • #9
  • Oct 18, 2008 6:54pm Oct 18, 2008 6:54pm
Quoting Kiwi06
yes that looks good, because this is a manual system you get to check other time frames, for this particular set up on that pair and in with the current volatility. I often check the weekly then make a judgement call based on what the indicators look like ie weather they are looking like they are on the turn or 1 or two have have already crossed

cheers

kiwi
Yes or maybe we wait on all 4 indicators to cross or turn up on the daily to be more sure
  • #10
  • Oct 23, 2008 3:52pm Oct 23, 2008 3:52pm
Quoting GermanTrader
Thanks for sharing!

You are working on daily TF?

Do you have any preferred pairs for your system?

Maybe you got some trading examples and results for us?

Sorry for the Delay

My current trades are
Short GBPNZD @ 2.7187 SL @ 2.7442
Sigs were MACD + CCI + QQE

Short EURAUD @ 1.8947
Sigs Stoch + MACD + QQE

Buy EURGBP @ 0.7956 SL@ 0.7856
Sigs MACD + CCI + QQE

I am keeping an eye on the GBPCAD for a short


We will see
  • #11
  • Last Post: Nov 4, 2008 9:47am Nov 4, 2008 9:47am
I started this on VT so here is my original template Chris and his team has just finished coding a signal only system.

Attached are the demo trades

Cheers

Kiwi
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Bones.gif Size: 103 KB
Click to Enlarge Name: Current demo trades Bones.gif Size: 134 KB
Attached File(s)
File Type: vttrs Bones.vttrs   3 KB | 455 downloads
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