FX 1M Bounce system | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The System Behind the System, by Merlin Jeffries 16 replies

trendline break/bounce trade System - 1 to 3 RRR 13 replies

Easy Bounce System autotrade and manual 22 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: FX 1M Bounce system
Exit Attachments

FX 1M Bounce system

  • #181
  • Jan 5, 2009 11:00pm Jan 5, 2009 11:00pm
Quoting siobi
hi there,
Exit rules is for this system auto exiting the trade based on certain condition.
eg: Heiken change color, trend change... in order to minimise the lose.

Trailing Stop is not consider exit rules...

so TS still there.

anyway, V104 will have the feature for this TS,TP and SL.

Okay got it.

Thanks Siobi!

Naresh
  • #182
  • Jan 5, 2009 11:10pm Jan 5, 2009 11:10pm
hi siobi
i cant find this version 104 , where is it ?
thanks
  • #183
  • Jan 5, 2009 11:13pm Jan 5, 2009 11:13pm
Quoting samer960
hi siobi
i cant find this version 104 , where is it ?
thanks
Be patient... coming soon.

Quoting siobi
hi there,
Exit rules is for this system auto exiting the trade based on certain condition.
eg: Heiken change color, trend change... in order to minimise the lose.

Trailing Stop is not consider exit rules...

so TS still there.

anyway, V104 will have the feature for this TS,TP and SL.
Thanks. Siobi. Great job. Wish you a Happy New Year 2009.
  • #184
  • Jan 5, 2009 11:36pm Jan 5, 2009 11:36pm
Hi there,

V104 will be release next provided my setting shows the best result and I hope that should be the last version.

V104 new feature:
->using ADX 5M instead of HAS 5M to get the market trend.
-> bouncing entry rules is NOT related to trending rules.
eg: although trending rules showing LONG, but once it hit boncing rules, it will still follow bouncing rules.

->auto exit for bouncing rules once the xpMA showing different direction
(thanks to Cobra system idea)

->flexibility on setting
->SL = 15 pip.
->TP = 50 pip.
->TS = 5 pip.
->trading system to use => bouncing/trending, or both.
->Trading Time => 0~ 6 for ibfx platform (japan market trading time)
->spread => 3 pip
->Lots => 0.1
->Exit rules will be always false, so i lpan to take it out...because I plan to put auto exit for bouncing system.

hard coded value:
->Magic number 20081041 => V104 system no 1 => bouncing system
->Magic number 20081042 => V104 system no 2 => trending system
->account margin
  • #185
  • Jan 6, 2009 2:47am Jan 6, 2009 2:47am
Hi siobi,
I discovered this thread over the holidays and back burnered it until now, waiting for the New Year to pass. I've just read up on it...I'm very impressed! The work you have contributed is amazing. I loaded up the EA tonight at 4:30 GMT and just let it go. All solid trades and all profitable. I also left it on into the Euro session- and as expected, got slammed at the Euro opening. But the system fought back after it settled down, and it's right back where it was in profit. This is clearly a well thought out system. I look forward to participating here on the thread; and just wanted to say THANKS for your hard work and expertise! Happy New Year
  • #186
  • Jan 6, 2009 4:00am Jan 6, 2009 4:00am
Quoting wolfeman
Hi siobi,
I discovered this thread over the holidays and back burnered it until now, waiting for the New Year to pass. I've just read up on it...I'm very impressed! The work you have contributed is amazing. I loaded up the EA tonight at 4:30 GMT and just let it go. All solid trades and all profitable. I also left it on into the Euro session- and as expected, got slammed at the Euro opening. But the system fought back after it settled down, and it's right back where it was in profit. This is clearly a well thought out system. I look forward to participating...

hi there,
Thanks for the participation.

We are looking forward to make this system better and better...

thanks everyone.
  • #187
  • Edited 4:58pm Jan 7, 2009 2:43pm | Edited 4:58pm
Hello all.

I've been taking shorts when the trending part of the ea takes longs - and vice versa - adding shorts at successively higher lots every say 5 pips that it continues to go against me, at which point it usually always retraces toward my original entry price, thereby giving me excellent gains either straight away from the original position and/or the subsequent larger lot positions.

My thinking is that "trends" (micro trends?) on the 1m chart are rarely long lived, and if your original oversold/overbought position was premature, it's only a matter of time after which you experience some immediate dd - during which time you add to your original entry - that price will invariably move back toward or even through that first entry. Even if on the rare occasions that price doesn't make it back to the first bounce entry, you will most often make excellent gains on the subsequent larger lot entries away from the original entry, since price oscillates on the 1m chart in a fashion making this method much more effective than on the longer timeframes. (If I remember correctly, EAs such as firebird, and other such martingale systems are made to work on the longer timeframes, which can be riskier when a trend occurs. I think trends on the 1m timeframe are not much of an issue in the bounce system.)

Anyway, will continue to let the ea take it's bounce trades, and take the opposite of the trending trades - which sometimes do work out ok - and see if I come upon a "trend" that wipes my gains.

Don't know how much sense that made, but at the moment I'm only taking paper trades since I will need to find a way to quickly add positions say every 5 pips away from my original entry, at subsequently larger lots.

What I love about this ea/template which I'm using in a purely overbought/oversold bounce fashion is that it often gets me into an excellent bounce trade. If that entry is premature because of a "one minute trend", it seems to me that I can add one or two additonal entries and price will retrace and make profit quite quickly before continuing on its way toward the "macrotrend" direction.

Playing with the yen below since good spread also:
Attached Image (click to enlarge)
Click to Enlarge Name: fx1mbounce1 7 09a.gif Size: 65 KB
  • #188
  • Jan 7, 2009 5:27pm Jan 7, 2009 5:27pm
Quoting Dan Johnston
Hello all.

I've been taking shorts when the trending part of the ea takes longs - and vice versa - adding shorts at successively higher lots every say 5 pips that it continues to go against me, at which point it usually always retraces toward my original entry price, thereby giving me excellent gains either straight away from the original position and/or the subsequent larger lot positions.

My thinking is that "trends" (micro trends?) on the 1m chart are rarely long lived, and if your original oversold/overbought position was premature, it's...
thanks for the reply.
bouncing is my initial thought and I do getting profit while market is ranging...

the bouncing will lose if it is the trending market... so that is why I always refer to 5M to confirm direction...

if we purely taking those overbought/sold signal to do boucing trade, we might be in danger of those trending time which we thought is bouncing entry.

history :
V101, purely bouncing
V102, combine bouncing and trending with HAS
V103, includes spread
V104 combine bouncing, trending with ADX

Today will be doing a FULL Japan market testing on EUR/USD.

PS: once this pair is tested I'll move on to other pair for further testing.
  • #189
  • Jan 7, 2009 5:40pm Jan 7, 2009 5:40pm
Yes, I see what you mean siobi. Even with additional entries, if in a bad trend even on the 1m the gains in ranging market can go bye bye.

All the best with the testing and thanks again!
  • #190
  • Jan 7, 2009 8:05pm Jan 7, 2009 8:05pm
31 pip
Attached Image (click to enlarge)
Click to Enlarge Name: 20090108_Japan_morning.JPG Size: 46 KB
  • #191
  • Jan 7, 2009 8:44pm Jan 7, 2009 8:44pm
  • #192
  • Jan 7, 2009 10:14pm Jan 7, 2009 10:14pm
Hi siobi, could you please post V 104? Thank you
  • #193
  • Jan 7, 2009 10:52pm Jan 7, 2009 10:52pm
Quoting siobi
31 pip
hi siobi


i liked your ea
i tried it yesterday made 11 pips before asian session but during it i lost 100+ pips and you show profit.....
here's my statement

maybe i did something wrong
also, look at the last 2 trades positive, if the TS was a little bit less tight i could have run them to 1.3633 as of I am writing
If I may say,you should consider that option to let the user chose his own TS, some people like it tight, some others like to let the winners run
please let me know
Attached Image (click to enlarge)
Click to Enlarge Name: my screen.jpg Size: 213 KB
  • #194
  • Jan 8, 2009 12:56am Jan 8, 2009 12:56am
BTW, I saw i did not have the fxprime indicator put in although it was loaded in my MT4
shouldn't it was supposed to appear?maybe it was not in your template
also, do we have to close the ea manually during london and usa sessions or does the ea stop by itself?
and does it work in any pair or just eurusd?

thx for all your answers
i think we have a good potential to make $$$$ with this ea
  • #195
  • Jan 8, 2009 12:57am Jan 8, 2009 12:57am
hi there,
I'm now running V104 and having 1 week testing...

not yet release....

sorry
  • #196
  • Jan 8, 2009 1:03am Jan 8, 2009 1:03am
Quoting moshebaruh
BTW, I saw i did not have the fxprime indicator put in although it was loaded in my MT4
shouldn't it was supposed to appear?maybe it was not in your template
yes, It might not in my template. you may attach it if you want to

Quote
also, do we have to close the ea manually during london and usa sessions or does the ea stop by itself?
and does it work in any pair or just eurusd?

DO NOT use it for other session.

ONLY EUR/USD.
  • #197
  • Jan 8, 2009 3:13am Jan 8, 2009 3:13am
guys.
final version (hopefully)

only EUR/USD.

turn it on for 24 hours...
it will auto close during end of the day daily.... (23:00)
Attached File(s)
File Type: zip FX 1M Bounce system.zip   50 KB | 560 downloads
  • #198
  • Jan 8, 2009 4:08am Jan 8, 2009 4:08am
Siobi,

Great system been following it. I tried to install the new version but there is no settings to choose from and its says "system Type =None". Also can you post a template for the system.

Thanks,

Amlo


Quoting siobi
guys.
final version (hopefully)

only EUR/USD.

turn it on for 24 hours...
it will auto close during end of the day daily.... (23:00)
  • #199
  • Jan 8, 2009 4:10am Jan 8, 2009 4:10am
Quoting siobi
guys.
final version (hopefully)

only EUR/USD.

turn it on for 24 hours...
it will auto close during end of the day daily.... (23:00)
Hi Sioibi:

Just wanted to ask. Is there supposed to be a template in the zip file? I loaded the indicators and placed the FX_1M_Bouncing_V104.ex4 file in the experts folder along with the standard MACD and Moving Avergars Sample EAs...but I do not see a tmp file. I have never used an EA before is there a link I could read about how to set it up?

Moreover, if we are to adjust the various indicators for wider or lower spreads and higher or lower TS, are there instructions?

I was think that either myself or Dan Johnson could help to put together a quick pdf userguide to come along with the download. Something similar to the THV system by Cobra.

What do you think?
Deprive a man of everything and you give him nothing to lose.
  • #200
  • Jan 8, 2009 6:06am Jan 8, 2009 6:06am
Hi, i just ran a backtest on the 1.04 for the last 2 days, and got messages like this:

2009.01.08 12:58:132009.01.07 07:32 FX_1M_Bouncing_V104 EURUSDm,M1: OrderModify error 1
2009.01.08 12:57:422008.12.04 22:04 FX_1M_Bouncing_V104 EURUSDm,M1: System had expired

siobi, can you please look into this?
Thanks
1 trader viewing now