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The simple stupid system

  • #801
  • Oct 16, 2008 4:51am Oct 16, 2008 4:51am
I am not using the EA, just trading manually
  • #802
  • Oct 16, 2008 4:14pm Oct 16, 2008 4:14pm
I dropped this system as it was giving me too many false signals or I was not reading it correctly on GBP/JPY and other JPY currency.
I am using this manual system which seems spot on for the last 10 days or so.

http://www.forexfactory.com/showthread.php?t=40325
Starting to see instead of just looking.
  • #803
  • Edited 11:24am Oct 17, 2008 5:56am | Edited 11:24am
Quoting gloworm
I am not using the EA, just trading manually
You will discover eventually that whenever an EA is introduced into the strategy/system it does nothing more than screw up the whole thing.

Trading the forex is a business, treat it like a business. And you're the CEO of this business. It's up to you to make the decisions about every trade. You going to relegate that responsibility to someone else? It will never become successful by expecting it become 'automatic' without putting your attention to it. There IS NO OTHER WAY IMO but to trade manually!

Of course I'm going to get slammed for posting this observation (which is a fact and not an opinion) by traders who believe or program EA's. But let's see who is still around this time next year trading with a real account and not just another demo account. I've been at this game a long time and I'll be at it way in the future.

And I have absolutely no intention nor any desire to defend this statement further whatsoever!
  • #804
  • Oct 17, 2008 6:04am Oct 17, 2008 6:04am
Fully agree, I've no time for EA's
  • #805
  • Oct 17, 2008 6:46am Oct 17, 2008 6:46am
Quoting gloworm
Fully agree, I've no time for EA's
Totally agree. And to show the evidence that the system works very well on manual, look at the results on my live account. The first picture is EA trading.
The second picture is manual trading. Can you spot the difference?
Attached Images
If you're not part of the solution then you're part of the problem.
  • #806
  • Oct 17, 2008 8:19am Oct 17, 2008 8:19am
Quoting majorusa
Totally agree. And to show the evidence that the system works very well on manual, look at the results on my live account. The first picture is EA trading.
The second picture is manual trading. Can you spot the difference?
You graphically illustrated my point perfectly! A picture is worth a thousand words!
  • #807
  • Oct 20, 2008 10:36am Oct 20, 2008 10:36am
Finally, a perfect day!

I trade mini lots on the 1 min chart and I take profit at arround 15 pips. Today was less. The system worked very well but needs you there in front of the chart. This are today's results for arround 4 hours of trading. Live account, of course.

This will be my last post on this thread unless Wahnone will release a new version. In my view, all that was to be said about this system - as it is - was said. Read and adapt it to your liking. Do not forget to use money management. Good luck and many happy pips.
Attached Image
If you're not part of the solution then you're part of the problem.
  • #808
  • Edited 6:02pm Oct 20, 2008 4:44pm | Edited 6:02pm
someone wanted this indicator so here it is.
Attached File(s)
File Type: mq4 MA ribbon filled.mq4   2 KB | 636 downloads
File Type: tpl simple stupid template-updated.tpl   7 KB | 576 downloads
  • #809
  • Oct 20, 2008 4:49pm Oct 20, 2008 4:49pm
Quoting Rastaman
I dropped this system as it was giving me too many false signals or I was not reading it correctly on GBP/JPY and other JPY currency.
I am using this manual system which seems spot on for the last 10 days or so.

http://www.forexfactory.com/showthread.php?t=40325
i agree with you. I stopped using this a long time ago. There is too much whipsaw. you may gain in one trade, but then get your profits taken away by false trades
  • #810
  • Oct 20, 2008 4:58pm Oct 20, 2008 4:58pm
Quoting Flamenco143
You will discover eventually that whenever an EA is introduced into the strategy/system it does nothing more than screw up the whole thing.

Trading the forex is a business, treat it like a business. And you're the CEO of this business. It's up to you to make the decisions about every trade. You going to relegate that responsibility to someone else? It will never become successful by expecting it become 'automatic' without putting your attention to it. There IS NO OTHER WAY IMO but to trade manually!

Of course I'm going to get slammed for posting this observation (which is a fact and not an opinion) by traders who believe or program EA's. But let's see who is still around this time next year trading with a real account and not just another demo account. I've been at this game a long time and I'll be at it way in the future.

And I have absolutely no intention nor any desire to defend this statement further whatsoever!
You SOUND sweet as your GUITAR,iam sure.
This is a serious BUISNESS,with knives everywhere.

baz
  • #811
  • Oct 21, 2008 10:37am Oct 21, 2008 10:37am
I have a question why use so many Oscillators on the chart? The SSS was very simple before and now you have additional indicators and they are all telling you the same thing.

Cramping up the chart with so many indicators does not guarantee success.
  • #812
  • Oct 21, 2008 10:42am Oct 21, 2008 10:42am
Inspired by SSS I call it KI$$
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15.gif Size: 18 KB
  • #813
  • Oct 21, 2008 2:19pm Oct 21, 2008 2:19pm
Quoting FXMajors
Inspired by SSS I call it KI$$
Hello,

I want to say I like your picture with the indicators and would like to speak with you about how you use the indicators for signal.
  • #814
  • Oct 23, 2008 4:56am Oct 23, 2008 4:56am
the strategy is good, the first time i use it on gu gave me 34pips at 11am GMT

Thank u
  • #815
  • Oct 26, 2008 9:39pm Oct 26, 2008 9:39pm
Quoting Heino
Hello,

I want to say I like your picture with the indicators and would like to speak with you about how you use the indicators for signal.
What do you like to know?
  • #816
  • Oct 27, 2008 1:48am Oct 27, 2008 1:48am
Quoting FXMajors
What do you like to know?
I want to ask you if you have entry ruels from your indicators in the picture?
  • #817
  • Oct 28, 2008 3:00pm Oct 28, 2008 3:00pm
5-8openEMA_Cross_Arrow_with_Alerts ,.. is better than QQE ..but ..in flat days .. these wrong alerts gonna challenge your experience heheh...sss is a money maker... i like it
It Always Will Be..
  • #818
  • Oct 28, 2008 3:15pm Oct 28, 2008 3:15pm
Quoting majorusa
Totally agree. And to show the evidence that the system works very well on manual, look at the results on my live account. The first picture is EA trading.
The second picture is manual trading. Can you spot the difference?
HI about the trigger ...QQE and the 5-8openEMA_Cross_Arrow_with_Alerts ...which one is better ??
It Always Will Be..
  • #819
  • Oct 30, 2008 4:21am Oct 30, 2008 4:21am
it is an good system. I have improved it a little bit. So, first of all i also take a look for bigger trend on 4h chart. And i take a position on small charts only to way of main trend. This system is giving me 50-70 point s per day. Tanks a lot for sharing.
  • #820
  • Oct 30, 2008 5:40am Oct 30, 2008 5:40am
Quoting edbar
it is an good system. I have improved it a little bit. So, first of all i also take a look for bigger trend on 4h chart. And i take a position on small charts only to way of main trend. This system is giving me 50-70 point s per day. Tanks a lot for sharing.


QQE alert or...the 5-8openEMA_Cross_Arrow_with_Alerts which one??
It Always Will Be..
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