strategy HILO on GBP/JPY | Forex Factory

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Attachments: strategy HILO on GBP/JPY
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strategy HILO on GBP/JPY

  • #1
  • First Post: Apr 12, 2007 4:16am Apr 12, 2007 4:16am
Hi, i give my strategy ...

You need :
on chart £Y UT240 :
EMA8,
SMA21 HIGH,
SMA21 LOW,
ADX 14,( gray),+DI (green), -DI (red)

Strategy :

Long : EM8 cross SMA21H at open next candle if ADX going up and +DI>-DI>15

Short : EM8 cross SMA21L at open next candle if ADX going up and -DI>+DI>15

this strategy is very cool and profitable ... Look on a month !!!

the chart ut240

http://bp3.blogger.com/_6pkR1sG_7lc/...april+2007.gif
  • #2
  • Apr 12, 2007 4:56am Apr 12, 2007 4:56am
Hi

Thank you for sharing.

What are the TP and SL targets that you take?

Simon
  • #3
  • Apr 12, 2007 5:05am Apr 12, 2007 5:05am
Strategy looks good...wish you continued success
  • #4
  • Apr 12, 2007 5:13am Apr 12, 2007 5:13am
hi
Long : i put my stop 10 pips under SMA21 LOW reverse if short ...
I haven't a target ... I stay in the trade as long as em8 is out off sma21 HI LO ( it's very hard if you haven't a strong psy ... because £Y has a big volatity ) and the signal is to exit is when adx begin to go down or the cross +DI and -DI or price cross ema8

regards
  • #5
  • Apr 12, 2007 5:23am Apr 12, 2007 5:23am
looks good
but I think adx 14 gives the signal too late
did u try lower nomber
  • #6
  • Apr 12, 2007 5:26am Apr 12, 2007 5:26am
Yes, when you stop?
Thx.
Quoting simonr
Hi

Thank you for sharing.

What are the TP and SL targets that you take?

Simon
  • #7
  • Apr 12, 2007 5:45am Apr 12, 2007 5:45am
Quoting breizhfx

Long : EM8 cross SMA21H at open next candle if ADX going up and +DI>-DI>15

Short : EM8 cross SMA21L at open next candle if ADX going up and -DI>+DI>15

this strategy is very cool and profitable ... Look on a month !!!

the chart ut240

http://bp3.blogger.com/_6pkR1sG_7lc/...april+2007.gif
hi

thank you for your quick response. But i have one more question
when you write > 15 is it the ADX line or the DI line

Thanks again,

Simon
  • #8
  • Apr 12, 2007 6:02am Apr 12, 2007 6:02am
This is a newbie question
Is there a significance in level 15?
Senbanda
  • #9
  • Apr 12, 2007 6:56am Apr 12, 2007 6:56am
for almeezan, adx14 1is too late ... you can use adx8 , i think , it's ok too ...

for senbanda line15 AND 20 when +DI ans -DI are under this is a ragne period ans it will be better to be flat .

About adx (gray line ) i m flat when it go down under line 40 ... and i tahe a trade when it go up !

bzh
  • #10
  • Apr 12, 2007 11:09am Apr 12, 2007 11:09am
Now , i give you others informations about my stratégy ...
To mesure the volatility , i use Standard deviation 13 with levels 0,003 and 0,0015 for gbp/chf ut240 ( i determine the level with my feeling )
To mesure the trend , i use sma55 ...
Look at my chart !

BZH
  • #11
  • Apr 12, 2007 12:22pm Apr 12, 2007 12:22pm
Hi BZH

What pairs do you trade with this strategy? So far I have seen GBPJPY and GBPCHF which are the most volatile pairs, are these what you trade?
Regards
  • #12
  • Apr 12, 2007 1:19pm Apr 12, 2007 1:19pm
hi Howard !

I trade £$, £Y,£F,$Y,$F ans sometimes €$,€F,€Y...only on UT 4H .

I think my strategy is ok with alls pairs ...

about volatilty , my favorite is £Y !!! ...

but i must repeat ( it's very hard if you haven't a strong psy ... because £Y has a big volatity) you must have a strict money management !

regards ...
  • #13
  • Apr 12, 2007 3:59pm Apr 12, 2007 3:59pm
I noticed a EA running on one of your charts, is it for your system or sonething else?
  • #14
  • Apr 12, 2007 4:16pm Apr 12, 2007 4:16pm
scuse me EA running ??? i don't understand ...

regards

BZH
  • #15
  • Apr 12, 2007 5:53pm Apr 12, 2007 5:53pm
On the first chart you posted it shows in the upper right corner that the chart has a EA attached to it. Is that EA this system? or something else
  • #16
  • Edited 2:49am Apr 13, 2007 1:26am | Edited 2:49am
ok, ... it is an expert.You can found it on Link Removed. But i have tested it and i found that it'snt very well.. So i don't use it now ...

regards ...
  • #17
  • Apr 13, 2007 2:44am Apr 13, 2007 2:44am

Thanx for the system, seems very promising.
However (as anybody brings his own ideas), I backtested it for one month and found some good trades that could have been taken when ADX was lower than 14, actually flat and very low.

I noticed that u take trades only when ADX is above 40, but if you look at the last few days, when ADX was above 40 level, the GY pair was flat, topping.

Also, I will try to see how it works on 1h chart, because I cant deal with such big stops - on 4h chart u need at least 200 pips stop if u place them under 21 SMAs. I cant handle more than 50 pips for a stop

We leave no soldier behind.
  • #18
  • Apr 13, 2007 3:08am Apr 13, 2007 3:08am
Quoting gagiul

Thanx for the system, seems very promising.

However (as anybody brings his own ideas), I backtested it for one month and found some good trades that could have been taken when ADX was lower than 14, actually flat and very low.


I noticed that u take trades only when ADX is above 40, but if you look at the last few days, when ADX was above 40 level, the GY pair was flat, topping.


Also, I will try to see how it works on 1h chart, because I cant deal with such big stops - on 4h chart u need at least 200 pips stop if u place them under 21 SMAs. I cant handle more than 50 pips for a stop

According to BZH the ADX should be rising as an entry condition, no matter from what level; one of the exit rules is when ADX falls below 40 level.

I find the system very simple and profitable if adhered to and with proper MM.

Thanks BZH.
Regards
  • #19
  • Apr 13, 2007 4:01am Apr 13, 2007 4:01am
hi ,
i will show you my next trade on £Y ...

on the chart, you can see that it'snt the time to trade ... ema8 is in the HILO (sma21) and price is on sma55... volatility and ADX turn up.
now i must wait two things to take a short :
- Price will be down sma55
- ema8 cross sma21 low ans sma55 ...

bzh

ps for gagiul ... About stop ! Long :stop on sma 21 low short : stop on sma 21 high
  • #20
  • Apr 13, 2007 4:25am Apr 13, 2007 4:25am
Quoting breizhfx
hi ,
i will show you my next trade on £Y ...

on the chart, you can see that it'snt the time to trade ... ema8 is in the HILO (sma21) and price is on sma55... volatility and ADX turn up.
now i must wait two things to take a short :
- Price will be down sma55
- ema8 cross sma21 low ans sma55 ...

bzh

ps for gagiul ... About stop ! Long :stop on sma 21 low short : stop on sma 21 high
Hi

The chart which you posted is for GBPCHF.
How do you use Standard Dev for your trades?
Regards
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