Part Time Wealth Building System - "Open-Close Trending"

Quoting ksucatfan

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TK,

Do you exit a trade simply when it has reversed 50 pips on the opposite side of the MA?

As an example, as I write this (10:30pm US CDT), the price is 229.97 and the MA is 229.87. So would you close your long and go short at 229.37?

Thanks.

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Quoting ksucatfan

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Carolyn,
I'm certainly not going to speak for TK, but I think the explanation is that the moving average was 226.62 back on 3/18 when price crossed the MA. Adding 50 would make the buy at 227.21

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Quoting diallist

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Simply to illustrate...

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Quoting wackena

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Attached is EA based on a variation of the tkimble method in this thread in using 2 Moving Average indicators. One for High price and one for Low price.

1. The Hi/Lo MAs has Period, Method & Price as inputs. This allows testing of MA variations.

2. Buy entry in on 2 variables. Current MA is higher than previous bar (indicating uptrend) and previous bar Low{1} is higher than current MA Hi. Sell entry is Current MA is lower than previous bar (indicating downtrend) and previous bar High[1] is lower than current MA Lo.

3. Buy exit is when current Low[0] is lower than MA Lo. Sell exit is when current High[0] is higher than MA Hi.

3. Stoploss is auto set to MA Lo for buys and MA Hi for Sells.

You should not put a lot of credence to backtests results. For me, Demo testing has been the only reliable results. I plan to start Demo testing this EA today.

For your critique, attached are 3 months backtest for gbpjpy, eurjpy and gbpusd with $10,000 deposit and Lot size set with Money Management on 5% of equity. It seems to indicate a preference for gbpjpy, but eurjpy and gbpusd had positive 3 months results.

gbpjpy - profit = $18,630
eurjpy - profit = $ 6,377
gbpusd - profit = $ 1,507

As stated in this thread, this method prefers long trending pairs. To maximize results, I ran optimization test. Attached is set files I used for each pair tested.

I hope the EA works near the same in demo.

Have fun. As usually, the enduser assumes full liability for this EA's performance.

Wackena

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Quoting diallist

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Simply to illustrate...

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Quoting diallist

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Simply to illustrate...

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Quoting tkimble

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Almost correct. Off by only one PIP. I would set my short at 229.37 but would set the close for the long position at 229.38. I separate the Stop and Market entry order by 1 PIP...

TK

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Quoting ksucatfan

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I'd be very interested to know your reasoning for the 1 pip difference.

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Quoting ksucatfan

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Carolyn,
I'm certainly not going to speak for TK, but I think the explanation is that the moving average was 226.62 back on 3/18 when price crossed the MA. Adding 50 would make the buy at 227.21

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Quoting Carolyn

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Thanks Ksucatfan. I am still not sure I understand what adjustments are being made each hour, unless it is to check where price is. I will keep reading the posts in hopes this fog lifts.

Thanks again

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Quoting Spudfyre

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Interestingly enough if you use 4 Hr Stochastics at 5,3,3 you will find an extremely interesting correlation to the buy and sell points for the trend with the 25 LWMA +/-50.

I use multi-time frames of 1 Day, 4 hours and 30 mins Stochs applied to this method with extremely good results.

The 25 LWMA gives you a good idea where you are at in the trade. The 30 min Stochs allows you to optimize the trade. The 4 hr Stochs is your enter and exit signal. The Day stochs is the long term trend to follow.

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Quoting sepak.orang

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may i know what are those bottom 2 indicators in your pic?

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Quoting marukochan

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I think it's almost the same as the first system (also by tkimble) http://www.forexfactory.com/showpost...8&postcount=68

tkimble, which system is more profitable to you? Or maybe you've stopped using the first system?

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