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1 min "Pips Addict" system

  • #1
  • First Post: Edited 6:35am Oct 20, 2008 2:35am | Edited 6:35am
Hi there.
I'm here to intoduce my system.
First of all i appologize for my "not-perfect-english".

So, we have:
•1 min chart;
•Heiken_Ashi_kuskus2;
•precentualzz_victor;
•_LinearRegSlope_v1;
•FX Sniper's T3 CCI.
All indicators are with default parameters.
(UPD testing Heiken_Ashi_kuskus2 with MaPeriod=30)

And here are the rules:
Buy when:
•Heiken_Ashi_kuskus2 is blue;
•precentualzz_victor draw green arrow;
•_LinearRegSlope_v1 crosses zero up or has crossed it already;
•FX Sniper's T3 CCI crosses zero up or has crossed it already (green).

Sell when:
•Heiken_Ashi_kuskus2 is red;
•precentualzz_victor draw red arrow;
•_LinearRegSlope_v1 crosses zero down or has crossed it already;
•FX Sniper's T3 CCI crosses zero down or has crossed it already (red).

Some tips:
•for me worktime is 6:00-19:00GMT;
•i wait for all signals to come;
•i concern it to be not less then 100 pips/day;
•don't know about all time frames, but whith current setup it doesn't work on 5 min chart, i work with 1 min only;
•i don't stop trading when news are coming;
•UPD when slope, CCI and heiken are done, but precentuals arrows were earlier we wait for the second arrow to appear.

If something forgotten will appear i'll update the first post.

In the attachment there are indicators and the templateif you like it.
Attached File(s)
File Type: zip Pips Addict.zip   13 KB | 791 downloads
  • #2
  • Oct 20, 2008 2:42am Oct 20, 2008 2:42am
My trades for today's morning:
Attached Image (click to enlarge)
Click to Enlarge Name: pa_1.gif Size: 40 KB
  • #3
  • Oct 20, 2008 3:09am Oct 20, 2008 3:09am
What are your TP/SL rules?
  • #4
  • Oct 20, 2008 3:13am Oct 20, 2008 3:13am
I don't use any tp or sl.
Speaking about losses..the biggest sum of losses was about 70pips in a row, but anyway this day was closed in ~+130 pips.
  • #5
  • Oct 20, 2008 3:24am Oct 20, 2008 3:24am
Quoting if_
I don't use any tp or sl.
Speaking about losses..the biggest sum of losses was about 70pips in a row, but anyway this day was closed in ~+130 pips.
But what is exit rules then? Or you revers trade when get opposite signal?
  • #6
  • Oct 20, 2008 3:36am Oct 20, 2008 3:36am
Exactly. I reverse when the opposite signal comes.
  • #7
  • Oct 20, 2008 3:45am Oct 20, 2008 3:45am
OOOhh!! is very impressive! the best I have ever seen!
your power to give more details? results?
Exits the power to do only with Heike?
Please more information and examples, thanks
  • #8
  • Oct 20, 2008 3:59am Oct 20, 2008 3:59am
Quoting ninpojutsu
OOOhh!! is very impressive! the best I have ever seen!
Thanks )

Quote
your power to give more details? results?
more details.. i don't know what else i can add..)
i trade eur/usd..i'll post all the updates, be sure)
Quote
Exits the power to do only with Heike?
yes, yes and one more yes. we trade (reverse) only when all four indicators act like in rules in the very first post. it can be situations, when three indicators are done, but one doesn't show us anything. i'll post some examples a bit later
Quote
Please more information and examples, thanks
i'll post examples at the end of my trading, with comments in interesting situations.

yes..something to add. it's about 30-40 trades during active days. it sticks me to the charts, but it is worth of this pips. as for me, i'm watching films on one half of monitor and the other half is my chart)

and important update is in the first post
  • #9
  • Oct 20, 2008 4:06am Oct 20, 2008 4:06am
This is effective in any pair! and get +15 pips in GBPJPY!
That is why we do need a warning signal an EMA CROOSOVER or something.
  • #10
  • Oct 20, 2008 4:12am Oct 20, 2008 4:12am
Quoting ninpojutsu
This is effective in any pair! and get +15 pips in GBPJPY!
That is why we do need a warning signal an EMA CROOSOVER or something.
i'm satisfied with such template) i just post my view of trading and everyone can add something))
  • #11
  • Oct 20, 2008 4:38am Oct 20, 2008 4:38am
and one more moment. don't be afraid of "no-result" trading. i mean the situation, when after some trades we still have near zero result. neither + nor -. after some "no-result" trading often there is a good move. and after big moves there can be either some flat with "no-result" trading or reverse movement with some pips for us. that is why it is important to trade all the signals. that is why there are no sl and tp. backtest it and you'll see.
  • #12
  • Edited 5:52am Oct 20, 2008 5:33am | Edited 5:52am
And your English is far better than my Russian!

Could you share a little more with us how you came to develop this? It helps us to know how and why you arrived at using the indicators you are using. Being 'chained' to the monitor waiting should never be a problem. Trading is a business and should be treated like a business which means one needs to 'pay attention' to what price is doing to be successful.

You mentioned you trade even when news is released? That seems like it could be very unwise! I can tell you from personal experience that if the price spikes against you in a panic (because that spike could be 100 pips within seconds) you try to exit the trade with an Close Order to your broker - but the broker will not and cannot guarantee that your 'Close Order' can be honored during those extremely volatile moments.

Of course if the price spikes in your favor it is wonderful! But is it worth the risk if it doesn't?
  • #13
  • Oct 20, 2008 5:47am Oct 20, 2008 5:47am
I think you need to edit your first post Buy signal to when CCI crosses UP
Polishing my crystal ball
  • #14
  • Oct 20, 2008 5:55am Oct 20, 2008 5:55am
Hmm..how i came..
first of all, i wanted intraday system.
with many trades, don't ask why, just many trades.
then, my target was to catch a trend
then, i guessed what indicators can show me the trend
i always used MAs, but later i've understood that MAs are good for watching the trend, but we are loosing breakouts
then, i tried to find indicators, which can show me the change of a trend
so i came to heiken and precentualz
slope is the indicator that shows us flat, when it is around zero
and CCI just for patience
all about this system is IMHO )
  • #15
  • Oct 20, 2008 5:57am Oct 20, 2008 5:57am
Flamenco143, i think it will be a good solution to place 30 pips sl
30XTCi, sure, thanks )
  • #16
  • Oct 20, 2008 6:20am Oct 20, 2008 6:20am
Quoting if_
Flamenco143, i think it will be a good solution to place 30 pips sl
30XTCi, sure, thanks )
I really want to see this strategy succeed and make lots of pips for all. But again regarding trading the news.. . . . there is NO broker that will guarantee that either a preset Stop Loss or a Close Order on a live account during news releases can actually be met.

You can have a S/L of 30 pips, yet (and you can't blame the broker) and yet see the price shoot right past that S/L. Brokers try to honor it, but because of the volumn of trades being made at those times they will not guarantee any order or modification of an existing order!

Your taking your chances! Eventually (and I speak from sad experience) it's going to go against you and hit you hard. Your account may never recover!
Demo accounts are a complete different 'animal' as far as brokers are concerned and the price information and activity between a demo and a real account are sometimes very different.

Really - the best thing to do IMHO is to exit a trade before the news release. Better to be safe than very sorry! And this 'warning' about possible orders and S/L not being filled in time is listed in every broker's rules when you open an account.
  • #17
  • Oct 20, 2008 6:26am Oct 20, 2008 6:26am
Quoting Flamenco143
I really want to see this strategy succeed and make lots of pips for all. But again regarding trading the news.. . . . there is NO broker that will guarantee that either a preset Stop Loss or a Close Order on a live account during news releases can be met.

You can have a S/L of 30 pips, yet (and you can't blame the broker) and yet see the price shoot right past that S/L. Brokers try to honor it, but because of the volumn of trades being made at those times they will not guarantee any order or modification of an existing order!

Your taking your chances! Eventually (and I speak from sad experience) it's going to go against you and hit you hard. Your account may never recover!
Demo accounts are a complete different 'animal' as far as brokers are concerned and the price information and activity between a demo and a real account are sometimes very different.

Really - the best thing to do IMHO is to exit a trade before the news release. Better to be safe than very sorry!
i'm 100% agree with you. and everyone for himsel(herself) decide how to trade. i have such sad experience and i know what you are talking about)
the possible thing to do is to exit in 10-15 minytes before news and wait until all spikes are gone.
  • #18
  • Oct 20, 2008 6:33am Oct 20, 2008 6:33am
to filter little corrections against trend i'll test heiken with MaPeriod=30
  • #19
  • Oct 20, 2008 6:55am Oct 20, 2008 6:55am
Here to show my filter, the QQE with ATR, where it crosses the opposite of our position came out. It is very good and keeps us in a position HEIKEN though we kick it!
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp.gif Size: 57 KB
  • #20
  • Oct 21, 2008 2:12am Oct 21, 2008 2:12am
Thanks for the strategy - it looks good, although it might not suit everyone. But I like it.

Ninpojutsu - would you be kind enough to post your QQE/ATR filter please. Thanks.
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