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Part Time Wealth Building Trading System

  • #461
  • Feb 24, 2007 2:10pm Feb 24, 2007 2:10pm
files as requested
Attached File(s)
File Type: mq4 1 - SM CHART - 10-1-24 6000 STEPMA_V7.mq4   6 KB | 529 downloads
File Type: mq4 4 - SM CHART - 25-8-50 STEPRSI_V2.mq4   3 KB | 448 downloads
  • #462
  • Feb 25, 2007 10:48am Feb 25, 2007 10:48am
Thanks to those who have offered to contribute to the development fee of the EA.

Will start forward testing this week and will post a monthly report on its progress here. I imagine a bit of ironing out still needs to be done, especially the news spikes, but having manually backtested this method I'm hopeful of the outcome.

The parameter I most want to test is whether to take the trade on the current or closed bar. Should be an interesting month!
  • #463
  • Feb 25, 2007 12:17pm Feb 25, 2007 12:17pm
One quick result from backtesting at 90% modelling quality...

A buy triggered at 50.5 RSI(45) and a sell at 49.5 RSI(45) gives much better results. 5% equity risk from Jan-Dec 06 gives 80% roi. Not spectacular but more than adequate. This is on closed bar trades not current bar. I'd advise anyone who is testing this in demo or live to log the results of the two methods. At the moment closed bar trades look the best. Just my observation.

i'm pretty new to backtesting an EA so any comments welcome. I know not to put too much store in the results.
  • #464
  • Feb 26, 2007 6:34pm Feb 26, 2007 6:34pm
what exactly are these indicators doing? i'm seeing a line with different colors... looks like entry/exits signals?

Quoting scorpion
files as requested
Nihil Sine Deo.
  • #465
  • Feb 26, 2007 11:30pm Feb 26, 2007 11:30pm
Sounds good, I'll be watching, thanks.

TJ

Quoting the bhoy
One quick result from backtesting at 90% modelling quality...

A buy triggered at 50.5 RSI(45) and a sell at 49.5 RSI(45) gives much better results. 5% equity risk from Jan-Dec 06 gives 80% roi. Not spectacular but more than adequate. This is on closed bar trades not current bar. I'd advise anyone who is testing this in demo or live to log the results of the two methods. At the moment closed bar trades look the best. Just my observation.

i'm pretty new to backtesting an EA so any comments welcome. I know not to put too much store in the results.
Charts never lie! (everyone else does) ... now where's that FF Adult lounge
  • #466
  • Feb 27, 2007 10:04am Feb 27, 2007 10:04am
I will be posting two more proprietary trending systems. The first is called the "High-Low" trending system and the second is called the "Close-Open" trending system. These systems are designed to satisfy inherent trend traders of which I am one.

Thanks for all the feedback on the three threads that I currently have active at this site...

TK
  • #467
  • Feb 28, 2007 9:56am Feb 28, 2007 9:56am
Thanks for all your systems which are very efficent on the demoaccount. Can you please announce the reference for the two new system.karl
  • #468
  • Feb 28, 2007 2:59pm Feb 28, 2007 2:59pm
Many of us look forward to these releases!

Quoting tkimble
I will be posting two more proprietary trending systems. The first is called the "High-Low" trending system and the second is called the "Close-Open" trending system. These systems are designed to satisfy inherent trend traders of which I am one.

Thanks for all the feedback on the three threads that I currently have active at this site...

TK
"Loss and failure are inevitable but misery is optional"
  • #469
  • Mar 13, 2007 4:51am Mar 13, 2007 4:51am
Very impressive. KISS
  • #470
  • Mar 14, 2007 2:08am Mar 14, 2007 2:08am
http://www.forexfactory.com/showpost...00&postcount=4
  • #471
  • Mar 14, 2007 9:14am Mar 14, 2007 9:14am
Thanks. You're systems are great and I am especially interested in using this one.

Best,
Gail
  • #472
  • Mar 24, 2007 12:45pm Mar 24, 2007 12:45pm
This indicator puts a box on the chart when RSI crosses 50 level. You can go into the program to change RSI setting, I believe the one attached is set at 45. I use this to help choose direction on TK's daily scalping, and have been following all of TKimbles methods.

Thanks TK I appeciate your willingness to share, your fexibility on allowing everyone to adapt your systems to their personalities and your great attitude!
Attached File(s)
File Type: mq4 EMA Crossover-RSI3.mq4   5 KB | 713 downloads
  • #473
  • Mar 26, 2007 3:03am Mar 26, 2007 3:03am
Can I contribute to the EA Develop. and get it? karl
  • #474
  • Edited 7:51am Apr 2, 2007 5:03am | Edited 7:51am
Hi,

I did an EA based on tKimble's daily scalping strategy.

Now I need people to test and criticize it.

Sorry for my poor english...

VM
Attached File(s)
File Type: mq4 Tk_Daily_Scalp_v01.mq4   10 KB | 450 downloads
File Type: zip Tk_Daily_Scalp_v01_Includes.zip   2 KB | 430 downloads
  • #475
  • Apr 3, 2007 6:17am Apr 3, 2007 6:17am
The compiler is claiming two programm files, which I find now in the zipfile. But can you pöease define the directory where to store. Thanks.karl
  • #476
  • Apr 3, 2007 6:39am Apr 3, 2007 6:39am
Hi,

Put the 2 files in experts\include folder
  • #477
  • Apr 3, 2007 9:39am Apr 3, 2007 9:39am
Hi,

New Version
Attached File(s)
File Type: mq4 Tk_Daily_Scalp_v02.mq4   13 KB | 522 downloads
File Type: zip Tk_Daily_Scalp_v02_Includes.zip   2 KB | 488 downloads
  • #478
  • Apr 3, 2007 3:07pm Apr 3, 2007 3:07pm
Only enter when all the conditions for a trade have been met:

SHORT: RSI below 50 and 30 MIN bar has closed below the 50 SMA low

LONG: RSI above 50 and 30 MIN bar has closed above the 50 SMA High

It is that simple..


tkimble,

How many set ups and trades are typical per month or week for GPS/USD...

I use a trend system that averages about 1 trade per week. Could be more but I wait for the very best set-ups. For me, I need to evaluate each good set up to see if I can see the ones that will work for sure (which is impossible). Choppy markets are screened out. It fits my style of "Quality not Quantiy".

Love your Wealth Building Systems...can you reccomend which of your systems I might best focus in on to "Quality not Quanity" pick one trade per week..

generalz
  • #479
  • Apr 4, 2007 1:06pm Apr 4, 2007 1:06pm
Quoting paparich
This indicator puts a box on the chart when RSI crosses 50 level. You can go into the program to change RSI setting, I believe the one attached is set at 45. I use this to help choose direction on TK's daily scalping, and have been following all of TKimbles methods.

Thanks TK I appeciate your willingness to share, your fexibility on allowing everyone to adapt your systems to their personalities and your great attitude!


all i get is the arrows and boxes
no lines ?
This is correct ??
Im also not finding how to change RSI setting only the EMA settings
cross over
  • #480
  • Apr 4, 2007 1:18pm Apr 4, 2007 1:18pm
Quoting generalz
Only enter when all the conditions for a trade have been met:

SHORT: RSI below 50 and 30 MIN bar has closed below the 50 SMA low

LONG: RSI above 50 and 30 MIN bar has closed above the 50 SMA High

It is that simple..


tkimble,

How many set ups and trades are typical per month or week for GPS/USD...

I use a trend system that averages about 1 trade per week. Could be more but I wait for the very best set-ups. For me, I need to evaluate each good set up to see if I can see the ones that will work for sure (which is impossible). Choppy markets are screened out. It fits my style of "Quality not Quantiy".

Love your Wealth Building Systems...can you reccomend which of your systems I might best focus in on to "Quality not Quanity" pick one trade per week..

generalz

This is your system that
gives you the 1 strong trade a week
or
is this your variation of Tkimble sytem that
you trade ???

Thanks
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