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Keep it Simple Stupid (KISS) Method

  • #201
  • May 10, 2009 9:57am May 10, 2009 9:57am
Already dumped the 55,65 I see in the hope it's not needed, thats definately KISS Mate

Honestly trust me on this, dump the BB range, I've been trying to use them for years and they keep costing me

And 2 less lines
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #202
  • May 10, 2009 10:04am May 10, 2009 10:04am
I'll do some back testing and thinking in a while, then I guess do some demo test trades, both systems unsure on the just 22sma cross, seems to simple, I prefer 2 sets of market direction to trade off.


But the market isn't like it was 4years ago when I started, much more volatile so if we can milk it easily for the time being then milk it we shall
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #203
  • May 10, 2009 10:34am May 10, 2009 10:34am
Okay, when awake and thinking properly well ish :-

You've got to keep to both SMA rules and the No trade zone sorry!!

Waiting for the 55/65 range cross over isn't perfect, but it reduces the chop trades by @70% from the look of it and keeps you in other trades which work out better than having to flip sides twice. The average pips profit per trade seems to be @50% better to, but there are less trades.

Without the 55/65 it's also too noisy you'll be in and out of trades all the time.


Keep your greed in check and lets keep our heads.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #204
  • May 10, 2009 10:36am May 10, 2009 10:36am
Hi psgm and Turveyd
I have been on the M1 for a while using this. 9,21 and 34 ema for immediate change as per your 3/8 xover. 200ema for overall longer view and 105 ema to represent the M5 21ema.
Double cci with sma crossover. When that sets up it needs to clear +/- 100 to confirm the move as valid.
I have tried all the shorter ma's and find this suits me. If any of it helps let me know or shout if you want it deleted. I know its not totally simple but about as naked as I have been.
Check this out on m1 audusd on friday afternoon.
I traded this all the way up on the 34ema while having fun with The fxtradewin with turveyd.
Andypips
Attached File(s)
File Type: ex4 Pivots_Daily-IGP.ex4   18 KB | 323 downloads
File Type: ex4 DoubleCCI-With_SMA_v1.ex4   7 KB | 370 downloads
File Type: tpl 105.....cci.tpl   13 KB | 351 downloads
  • #205
  • May 10, 2009 10:53am May 10, 2009 10:53am
Yo Andy, Scammers hey got to hate the suckers!!

Not a million miles off what I'm working on here, so the question is, are you making the elusive $$$'s ??

Just tried EMA's rather than SMA's, never liked SMA, but 21ema is classic outta the big boy rules.

delete ? nope keep it coming!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #206
  • Edited 11:24am May 10, 2009 11:14am | Edited 11:24am
OKay your all going to HATE Me, just to add extra confusion :-

20SMA to 22SMA incase anyones missed it.

I was thinking about the 55/65 band wrong yesterday, it's a anti chop band and still had some bad chop on the charts, so the bigger the number ( yes you lose a few pips on some entrys ), but the bigger the no trade zone and the less chop.

So to recap :-


3EMA ( Price line trade off this, not the BID, I'd say hide the candles but can't trade like that myself )
8SMA ( first sign your trades turning against you early on, so EXIT Trigger if you feel the need for caution better small profit than a loss )
22SMA ( Main trade off line, also major take profit line )
80 & 90SMA ( treat as 1 big wide SMA, I do not want any trades against this, above = LONGS ONLY , Below = SHORTS ONLY easy as )

NO new trades between the 22sma and 80,90sma

Only new trades on the right side of the 22SMA following the 80/90 rule, new trades you can hold into the no trade zone and exit at your discression.



Easy enough ?? Lets make some much needed $$$$'s all round I bet!!



I'll post up Templates later, after I double think my thinking
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #207
  • May 10, 2009 11:33am May 10, 2009 11:33am
Quoting Turveyd
Okay,...

OK I agree there will be a lot less trades, however, if the extra my trades could pick up are not worth the hassle then No probs.

So Could you clarify on this chart, where exactly the entry exit points would be.

I have 3 ema 8/55/65 sma

I have kept bollinger, as I haven't amended my template yet = and the central line is 20 sma anyway. I'm guessing in this instance I would have picked up most of the trades anyway, but will be interesting if we are on the same page!!!
Attached Image (click to enlarge)
Click to Enlarge Name: Trade_example_29.jpg Size: 181 KB
  • #208
  • May 10, 2009 11:56am May 10, 2009 11:56am
Quoting psgm
OK I agree there will be a lot less trades, however, if the extra my trades could pick up are not worth the hassle then No probs.

So Could you clarify on this chart, where exactly the entry exit points would be.

I have 3 ema 8/55/65 sma

I have kept bollinger, as I haven't amended my template yet = and the central line is 20 sma anyway. I'm guessing in this instance I would have picked up most of the trades anyway, but will be interesting if we are on the same page!!!

Dude, read above the bold bits
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #209
  • May 10, 2009 12:44pm May 10, 2009 12:44pm
Quoting Turveyd
Yo Andy, Scammers hey got to hate the suckers!!

Not a million miles off what I'm working on here, so the question is, are you making the elusive $$$'s ??

Just tried EMA's rather than SMA's, never liked SMA, but 21ema is classic outta the big boy rules.

delete ? nope keep it coming!!

Hi Turveyd
I wish my results were big bucks but not yet. Have been at this 3 years now full and part time and finally consistent with the % increase. Only a smallish ac but always an average of 20ish% per week. That will decrease in time as I currently risk up to 5% per trade, usually 2%. With compounding the risk can become less to see the same return. Have blown 3 accounts so far but not funded this one for 6 months now. Most trades on any of the majors or aud etc usually good for 20 pips with this set up.
The cci is brilliant for entries- I first came across its use in F4's journal.
The exits are either predetermined targets, pivot points,r1,r2,s1,s2 etc or a break of one of the ma's. If its going long and liking the 9 as support then my stop will be the 21 and so on.
  • #210
  • May 10, 2009 12:54pm May 10, 2009 12:54pm
Yo Andy, very similar plan then.

4 1/2 years here part time very very much so, got to be 2years over the period where I've never even looked at it.

Blown the account a few times, but only fund it barely, upto the last blow out 4weeks back I got to 13months without adding So nearly there, then a step back and time out re thinking it, simplifying

20% account growth per week is nice.

I'll be risking 13% Wednesday at first, which hopefully will drop to 3% quick sharpish then 2 lots and back to 6% so should get a few account doubles short term, then back it off to @3% per trade area I guess.


Keep it up!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #211
  • May 10, 2009 1:00pm May 10, 2009 1:00pm
PSGM, remember trading live is different back testing.

That 20sma break on your chart mid way through, account for the lag on the 3ema ( Required to remove chop ) and the spread and a average entry and you'd make @5pips, where as the previous trade going up before it made 15pips.

If you change the SMA to 80,90 you'll notice the dip under and the short called which I took a pic and said Short here to would of never of happened
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #212
  • May 10, 2009 1:04pm May 10, 2009 1:04pm
PSGM

Could give us a tip about what sessions are better to trade with your Method please? Thank you.
  • #213
  • May 10, 2009 1:44pm May 10, 2009 1:44pm
Quoting efiler
PSGM

Could give us a tip about what sessions are better to trade with your Method please? Thank you.
I would say the best times to trade are when the spread is at its lowest, so the usual suspects - When there are 2 or more exchanges - so between the london and US sessions.

However, there is no real reason why this cannot be used at ANY time
  • #214
  • May 10, 2009 1:49pm May 10, 2009 1:49pm
Quoting Turveyd
PSGM, remember trading live is different back testing.

That 20sma break on your chart mid way through, account for the lag on the 3ema ( Required to remove chop ) and the spread and a average entry and you'd make @5pips, where as the previous trade going up before it made 15pips.

If you change the SMA to 80,90 you'll notice the dip under and the short called which I took a pic and said Short here to would of never of happened
OK well I shall see what it does in anger tomorrow!!!

I suspect looking for a total of 150 - 200 pips should be relatively simple to achieve throughout the day using this method

( I can't believe there wont be 15 10 pip trades tomorrow - I suspect that would be an exceptionally quiet day if it was!)
  • #215
  • May 10, 2009 1:51pm May 10, 2009 1:51pm
Markets have opened on FXCM
  • #216
  • May 10, 2009 1:53pm May 10, 2009 1:53pm
Times, stick to trending times :-

All GMT.

9:30am - 11:30am.
2:30pm - 4:30pm
00:30am - 02:00am

Those are my times!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #217
  • May 10, 2009 1:55pm May 10, 2009 1:55pm
No MT4 charts till 11pm I think, then a while for the SMA's to settle we'll see how late i'm up.

Monday's demoing, could suggest if trading full time and getting RICH is likely or not, should be interesting!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #218
  • May 10, 2009 3:47pm May 10, 2009 3:47pm
The systems in demo account profit baby YEAH!!!

4.2pips LOL


the GU short trade call got @30pips though!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #219
  • May 10, 2009 5:57pm May 10, 2009 5:57pm
Quoting Turveyd
Times, stick to trending times :-

All GMT.

9:30am - 11:30am.
2:30pm - 4:30pm
00:30am - 02:00am

Those are my times!!
Hi, just to double clarify = are those gmt or london time? since ure in the midlands!!

Thanks
Pardy
  • #220
  • May 10, 2009 10:13pm May 10, 2009 10:13pm
Will be interesting to see what TD got on his overnight session!

4.2 pips - there was a good 50 pip+ move he should have been able to catch on ej (certainly most of it would have been caught on the bollinger bounce 3/8 method)

At least that is how it appears from backtesting - will just have to see his final totals
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