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World's Simplest System

  • #761
  • Dec 12, 2008 11:24am Dec 12, 2008 11:24am
USDCHF Might slam down as hard as anything some time soon

One sell trade taken at 1.1786 (risky since the PA had not yet returned into it's path after crossing the EMA)
One sell stop order placed at 1.1778

Let's see what the end of day brings
Attached Image
  • #762
  • Dec 12, 2008 11:36am Dec 12, 2008 11:36am
1.2.3 Break in Anticipation on the GBPUSD

Sell Stop Order Entry set at 1.4837
Stop Loss at 1.4934
Target Profit 1.4910
Attached Images
  • #763
  • Dec 12, 2008 11:42am Dec 12, 2008 11:42am
Do you ever get the feeling there is some little man behind the PA pulling it away and not letting it get to your entry order and putting all he's got into it ?

EURGBP 5min unfolding
  • #764
  • Dec 12, 2008 11:52am Dec 12, 2008 11:52am
Quoting danbuttigieg
But we could still enter after the break of the EMA (at around 90.50) for the next low if the PA returns back to break the trendline ?
Yes, you are right: your setup is less risky, but you miss a part of the down movement...
Trading: the skill of avoiding trades
  • #765
  • Dec 12, 2008 12:38pm Dec 12, 2008 12:38pm
Quoting eswap0
Yes, you are right: your setup is less risky, but you miss a part of the down movement...
Your USDJPY setup was OK after all....Hope you squeezed some pips
  • #766
  • Dec 12, 2008 12:46pm Dec 12, 2008 12:46pm
My last trade for eurusd this week: I closed it by hand after reaching 200%, as it was close to trend line and it is friday afternoon.
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-12-12_1344.png Size: 89 KB
Trading: the skill of avoiding trades
  • #767
  • Dec 12, 2008 1:05pm Dec 12, 2008 1:05pm
Quoting danbuttigieg
eswap, do you think we could program this into an EA?
Hi danbuttigieg!
Should I understand that EA means Electronic Aplication?
Look: I like programming although I am not a programmer. I learned a little bit of C#, because my application (Ninjatrader) uses this languaje.
But there are no universal programms: it is different to make a script for Metastock, for Tradestation or so many others.
You can take a look at the screen I am using: appart from colours etc I added some few simbols in the corners:
W means downtrend (below 200EMA)
M means uptrend (above 200 EMA)
Blue dot means over 60 SMA (for 3 ducks strategy)
And red square below 60 SMA
You also have blue and red lines as a 123 break indicator
So:
Every 5 min the sistem is filing a file with the W and M, for 1w, 1d, 4h, 1h, 15m and 5m charts. EURUSD now looks like WWMMMM.
Every time a letter changes, I get an email so I can remotely check what is happening, as I have a full time job and can not be stacked to the screen.
Hope you can think about my settings and develope yours: it is funny, same as getting pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 2008-12-12_1404.png Size: 121 KB
Trading: the skill of avoiding trades
  • #768
  • Dec 13, 2008 2:28pm Dec 13, 2008 2:28pm
Hi, i just coded a WSS indikator

the red and green circles mean that the chart is above or under its 200EMA in its timeframe.

In the left corner on the bottom you see if you can trade

M5 short when price is:
M5 over EMA200
M15 under EMA200
H1 under EMA200

M15 short when price is:
M15 over EMA200
H1 under EMA200
H4 under EMA200

M5 long when price is:
M5 under EMA200
M15 over EMA200
H1 over EMA200

M15 long when price is:
M15 under EMA200
H1 over EMA200
H4 over EMA200
Attached Image (click to enlarge)
Click to Enlarge Name: trade 13.12.2008 21.20.36 0003.png Size: 25 KB
Attached File(s)
File Type: ex4 WSS.ex4   6 KB | 753 downloads
  • #769
  • Dec 13, 2008 2:53pm Dec 13, 2008 2:53pm
Nice work.
I understand this code is for MT4, isn't it?
Thanks for sharing!
Trading: the skill of avoiding trades
  • #770
  • Dec 13, 2008 2:57pm Dec 13, 2008 2:57pm
Quoting eswap0
Nice work.
I understand this code is for MT4, isn't it?
Thanks for sharing!
Youre welcome, yes its for MT4
  • #771
  • Dec 13, 2008 6:19pm Dec 13, 2008 6:19pm
Great job! Now, I can throw away my primitive green and red markers!!! I already have it working on the charts!!!!!!
Mind Power Magnetizes Market Profits!
  • #772
  • Dec 14, 2008 2:40pm Dec 14, 2008 2:40pm
Quoting oechel
Hi, i just coded a WSS indikator

the red and green circles mean that the chart is above or under its 200EMA in its timeframe.

In the left corner on the bottom you see if you can trade

M5 short when price is:
M5 over EMA200
M15 under EMA200
H1 under EMA200

M15 short when price is:
M15 over EMA200
H1 under EMA200
H4 under EMA200

M5 long when price is:
M5 under EMA200
M15 over EMA200
H1 over EMA200

M15 long when price is:
M15 under EMA200
H1 over EMA200
H4 over EMA200
Appreciate you posting this. Thanks. Can you just kindly indicate what the definitions are of the inputs in the indicator? I have put it into MT4 and it does the job but was keen to see whether or not I should look at changing any of the inputs...of course depending on what I am trying to do!

Thanks again
Vimal
  • #773
  • Dec 14, 2008 2:46pm Dec 14, 2008 2:46pm
Quoting oechel
Hi, i just coded a WSS indikator
THANK YOU oechel!

I understand that there are 3 MAIN ways this thread deals with:
WSS trend trading
1.2.3 break system and TEB's trend continuation (4hr/daily is going above the 200ema and the 5min is on the opposite side)

I have no experience in MT4 programming, but if it's possible to create an indicator that shows you when it's good to take a trade, is it also possible to create an EA that could execute a trade for you ? I have tried many of these EA's in the past but they all seem to fail in the long run. But based on the WSS, 1.2.3 or TEB's system, there's little risk things can go wrong? Or am I wrong in this assumption ?
Again, thank you for sharing oechel
  • #774
  • Dec 14, 2008 2:51pm Dec 14, 2008 2:51pm
Quoting oechel
Hi, i just coded a WSS indikator

the red and green circles mean that the chart is above or under its 200EMA in its timeframe.
oechel, two quick questions please:

1. Should I just put the indicator in the expertsindicators folder and attach it to a chart ?

2. Should I leave the default input value variables ?

Thanks for everything

If you have just one green circle around the DAILY for example, what should you wait out for ? (just the bottom left corner telling you when a trade should be coming up) ?
  • #775
  • Dec 14, 2008 3:15pm Dec 14, 2008 3:15pm
Quoting vnathwani
Appreciate you posting this. Thanks. Can you just kindly indicate what the definitions are of the inputs in the indicator? I have put it into MT4 and it does the job but was keen to see whether or not I should look at changing any of the inputs...of course depending on what I am trying to do!

Thanks again
Vimal
ups ! Yes I can explain. There are no Inputs you have to change....
  • #776
  • Dec 14, 2008 3:16pm Dec 14, 2008 3:16pm
Quoting eswap0
Hi danbuttigieg!
Should I understand that EA means Electronic Aplication?
Look: I like programming although I am not a programmer. I learned a little bit of C#, because my application (Ninjatrader) uses this languaje.
But there are no universal programms: it is different to make a script for Metastock, for Tradestation or so many others.
Hope you can think about my settings and develope yours: it is funny, same as getting pips.
Hello eswap, thank you for sharing. It seemed complicated at first glance, but it is really easy I guess because I am so used to believe that trading is made up of complicated indicators and flashing lines on your screen that when I come across something so simple and something so easy, I tend to be sceptical at first.

How does the WSS system differ to TEB system ?

It's interesting to read how you coded it to email you? (you could perhaps pass it through an SMS gateway, or MSN to reach you faster) I have the same situation so I cannot be infront of my Pc when all the action is taking place.
  • #777
  • Dec 14, 2008 3:17pm Dec 14, 2008 3:17pm
Quoting oechel
ups ! Yes I can explain. There are no Inputs you have to change....
We're all ears

Can you please provide the source file so that we could implement the indicator to sms you when it's time to trade?
  • #778
  • Dec 14, 2008 3:22pm Dec 14, 2008 3:22pm
update
Attached File(s)
File Type: ex4 WSS.ex4   6 KB | 813 downloads
  • #779
  • Dec 14, 2008 3:24pm Dec 14, 2008 3:24pm
Quoting oechel
update
What is different oechel? (apart from taking off the inputs form) ?
  • #780
  • Dec 14, 2008 3:31pm Dec 14, 2008 3:31pm
Hi,

maybe some people misunderstood the indicator. It is only showing the time when the EMAs are set like TEB needs it to search for an entry.

So if there is for example a green circle around the M15 in the upper left corner it only means that the price in M15 chart is above the EMA200.
(its the same with the other circles)

And if you can read in the left corner on the bottom for example "M5 Short" it means that you can search an entry (for example a 123 entry) on the M5 chart. It does not mean to go short immediately ! It only means that the price in M15 is over EMA200 and the price in H1 under EMA200 and the price in H4 under EMA200....
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