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World's Simplest System

  • #501
  • Jun 20, 2008 6:19am Jun 20, 2008 6:19am
Hi,
On one another thread I have found this indicator.
It shows the trend by each timeframe for each currencypair.
It uses a simple moving average.
Replace the 5 by 200.
Can someone add a column for the spread, one for the TF M30 and one for the TF M1?
What do you think?
Thank you for your help!
Attached Image
Attached File(s)
File Type: mq4 _TRO_Dashboard.mq4   19 KB | 840 downloads
  • #502
  • Jun 20, 2008 8:44am Jun 20, 2008 8:44am
  •  MPP
  • Joined Jun 2007 | Status: Be yourself, everyone else is taken | 2,734 Posts
Try this, uses 3 ma's set 1 as 200 and use 2 other fast modes, template is set to 13 and 25.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.gif Size: 19 KB



as you can see it will show you which prices are long (green) short (red) and retraceing. the ma's will need to be tweaked to get the best results, might be better with a 5,8,200 setup. instructions enclosed.

Attached File(s)
File Type: ex4 3MATrend-PullbackV4.ex4   14 KB | 775 downloads

Attached File(s)
File Type: tpl 3sma.tpl   3 KB | 628 downloads

Attached File(s)
File Type: doc V4 settings.doc   77 KB | 869 downloads
  • #503
  • Jun 21, 2008 4:20am Jun 21, 2008 4:20am
Hey thats pretty cool, just what i was looking for, thanks- would be good to make it ema?

Quoting balouf
Hi,
On one another thread I have found this indicator.
It shows the trend by each timeframe for each currencypair.
It uses a simple moving average.
Replace the 5 by 200.
Can someone add a column for the spread, one for the TF M30 and one for the TF M1?
What do you think?
Thank you for your help!
  • #504
  • Jul 3, 2008 6:09am Jul 3, 2008 6:09am
Testing this on M5 (as trigger TF), M15 and H1 for directions.

Anyone ever tried this? Any thoughts?

Only problem I see so far with small timeframes is the fact that there is so much noise and the 1-2-3s don't form that "nicely" + the ranges.

But so far it seems like I can be quite positive when I use some good judgement to avoid these ranges.
  • #505
  • Edited 8:42pm Jul 8, 2008 8:17pm | Edited 8:42pm
Quoting redart007
Hey thats pretty cool, just what i was looking for, thanks- would be good to make it ema?
What's the best way to read the dashboard? What % do you execute a trade? (above 70% for BUY...I'm not sure what % to look for a SELL)?

TIA! :-)
  • #506
  • Jul 13, 2008 12:40pm Jul 13, 2008 12:40pm
It just helps in telling you where a lower time frame is above/below the 200 and the higher two time frames above/below to indetify opportunities....dont bother with the % - is anyone active with this system, TEB?

Quoting bnbb2004
What's the best way to read the dashboard? What % do you execute a trade? (above 70% for BUY...I'm not sure what % to look for a SELL)?

TIA! :-)
  • #507
  • Jul 14, 2008 7:21am Jul 14, 2008 7:21am
Hi there... First of all, thank you TEB for sharing this simple system. Actually I am using this system when I see good opportunity. All I can say is, this system looks good. However I did not do any backtests or forward test for long term. Meanwhile, I think this tread should be more active and have more participants. Just give it a try guys...

My last live trade with this system was AUD/Cad trade. Buy opening at 0.9706 trade closed 0.98 stop loss being 0.9630 ( daily, 4hr, 1hr timeframes)
  • #508
  • Aug 4, 2008 1:01pm Aug 4, 2008 1:01pm
Teb

u must keep this thread going..............
  • #509
  • Sep 12, 2008 10:33am Sep 12, 2008 10:33am
I think,that this system is solid one. I wil be glad to see here TEB6 again. I can offer some important improvement to the system when the author of this great thread come here back. Cheers,
  • #510
  • Sep 12, 2008 11:21am Sep 12, 2008 11:21am
Why wait?

Quoting lite27
I think,that this system is solid one. I wil be glad to see here TEB6 again. I can offer some important improvement to the system when the author of this great thread come here back. Cheers,
  • #511
  • Sep 13, 2008 8:15am Sep 13, 2008 8:15am
I want to discuss important,but very effective, changies,as,for example, entry rools. So, I do not want to start discussion about so significant changies into the system without speaking prior with the author of this thread and system and having his permission. I think that it is uncorrect to do so. Cheers, great weekend,
  • #512
  • Sep 13, 2008 8:54am Sep 13, 2008 8:54am
Quoting lite27
I want to discuss important,but very effective, changies,as,for example, entry rools. So, I do not want to start discussion about so significant changies into the system without speaking prior with the author of this thread and system and having his permission. I think that it is uncorrect to do so. Cheers, great weekend,
Your best bet to get ahold of TEB63 is to PM him!
  • #513
  • Edited 4:39am Sep 15, 2008 4:35am | Edited 4:39am
I see where you coming from - however...
If it we always had to ask permission from the thread author it would be a slow and restricted process, these discussion boards are meant for a free exchange of views from others in questioning, adding and improving systems which is common place.


refer you to post 348 in this thread by TEB below which kinds of gives your the permission you seek?

I am wondering what others are doing with this system?
anyone adding to it ...
seen any interesting things or patterns etc

teb


Quoting lite27
I want to discuss important,but very effective, changies,as,for example, entry rools. So, I do not want to start discussion about so significant changies into the system without speaking prior with the author of this thread and system and having his permission. I think that it is uncorrect to do so. Cheers, great weekend,
  • #514
  • Sep 16, 2008 5:53am Sep 16, 2008 5:53am
Ok,guys. First of all I want to point on 123 patterns. The really strong 123 patterns should have number 3 higher,than number 1 if you want enter long. 2. When we wait for brek of 123 patterns we loose pips. My practice show,that its much better to draw a TD trendline from some previous most recent high and throu number 2 in long. After price broke and closed above in long or below in short case, we enter. Such a way we can earn pips more than half of way to number 2. For now thats. Greetings,
  • #515
  • Sep 16, 2008 7:14am Sep 16, 2008 7:14am
The whole premise of a 1,2,3 pattern is that it a reversal pattern and so the 3 point makes a lower high or a higher low suggesting a change it trend.

A 3 point that is higher than the 1 suggests a continuation in the trend HH or LL and then the break of the 2 point would in essence be a trend line break.

Can you post some charts to explain you take on it?

Quoting lite27
Ok,guys. First of all I want to point on 123 patterns. The really strong 123 patterns should have number 3 higher,than number 1 if you want enter long. 2. When we wait for brek of 123 patterns we loose pips. My practice show,that its much better to draw a TD trendline from some previous most recent high and throu number 2 in long. After price broke and closed above in long or below in short case, we enter. Such a way we can earn pips more than half of way to number 2. For now thats. Greetings,
  • #516
  • Sep 16, 2008 4:14pm Sep 16, 2008 4:14pm
I dont know how to post a chart here. If you can help me with advise how to do this, I will post it. Whats to 123 I agree with you,that it is a very strong reversal patterns,but the correct strong classical 123 must be so: number1 is lower and number 3 is higher if you prepare to enter long. This pattern works very effectevely in direction of high time frames. Cheers,
  • #517
  • Sep 28, 2008 1:30am Sep 28, 2008 1:30am
looking for a trade on the eur from the monthy candle
( posted this before it got lost so let me post it here)

Price is over the 200ema on the Month & weekly charts
& below on the day charts so we are looking to buy in on the day
we see other clues as well on the charts

Attached Image (click to enlarge)
Click to Enlarge Name: mm1.gif Size: 11 KB

monthly up .. big up

Attached Image (click to enlarge)
Click to Enlarge Name: mm2.gif Size: 15 KB

weekly up.. but mixed (we may see down ..then up)

Attached Image (click to enlarge)
Click to Enlarge Name: mm3.gif Size: 13 KB

looking for the 1.2.3 break

Cheers

TEB63



TEB
  • #518
  • Sep 28, 2008 5:04pm Sep 28, 2008 5:04pm
Hi TEB,

I havnt been here for a while.

Have a question. The situation from a few days ago, I attachced. Was it the right setup, with a break on he 18th?

If so, can we expect the price to move up to reach 200% Fib? (the price has not touched the 200% yet).

I predict a move up, from the current moment, but do you think I am right?

Appreciate your response.

Mike
  • #519
  • Oct 12, 2008 5:16am Oct 12, 2008 5:16am
looks like a good trade setting up

On the Eur/Jpy

below are 3 charts 4 hour , 1 hour, 15 mins in order

Attached Image (click to enlarge)
Click to Enlarge Name: lla.gif Size: 14 KB

4 hour

Attached Image (click to enlarge)
Click to Enlarge Name: llb.gif Size: 14 KB

1 hour

Attached Image (click to enlarge)
Click to Enlarge Name: ll.gif Size: 17 KB

15 min

cheers
TEB
  • #520
  • Oct 22, 2008 7:48am Oct 22, 2008 7:48am
Quoting TEB63
looks like a good trade setting up

On the Eur/Jpy

below are 3 charts 4 hour , 1 hour, 15 mins in order

Attachment
4 hour

Attachment
1 hour

Attachment
15 min

cheers
TEB
Hi TEB,
This thread seem to be quiet now but it's very interesting because of KISS
Thanks for sharing I have one question You are great. There are 2 ma in your charts what is another one & the reason to add another which it's not 200ma?

Thanks,

Pete
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