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Keep it Simple Stupid (KISS) Method

  • #241
  • May 11, 2009 1:06pm May 11, 2009 1:06pm
PGSM 60-70% win rate without trying to not trade chop is about what I'm aiming for, after 80% with chop removed.

Your mate got 90% just trading 3/8, NICE, but market is really swingy today normal more mixed day he likely wouldn't of faired so well, plus thats too quick, too many trades for my old brain.

+100 pips if you can keep doing it will get you from £200 to the Mil in 18months do me

Where you using the 85-90sma to filter chop or not ??
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #242
  • May 11, 2009 1:11pm May 11, 2009 1:11pm
[quote=psgm;2725932]

I made 2 trades under 5 pips profit, and this was because I am a relative newbie to trading and made the rookie mistake of closing the stop loss to just over profit ASAP.

(CUT) most of my losses were during the choppy period (between 11:30 and 14:30) Guess I will not be trading that time again!/quote]

Hope you don't mind me saying, but that may not always be the choppy period though; some days there are big US news announcements at 1330 which can cause big moves, sometimes though less often also at 1400 or 1415. I think the official open of New York forex trading is 1300 - that sometimes sees a few sparks begin to fly. So looking at an economic calendar and knowing what is coming is a good idea. NB Some calendars do not list the Weds. 1530 announcement of USA oil stocks which can have a big effect on oil price, and spinoff effects sometimes on other instruments that are correlated at the time.

I looked at some charts with your template on during the day, while I was losing money with ill-considered trades elsewhere - I wish I had taken the time to test your system for real money instead! Thanks for your effort.
  • #243
  • May 11, 2009 1:18pm May 11, 2009 1:18pm
[quote=paulb;2726092]
Quoting psgm

I made 2 trades under 5 pips profit, and this was because I am a relative newbie to trading and made the rookie mistake of closing the stop loss to just over profit ASAP.

(CUT) most of my losses were during the choppy period (between 11:30 and 14:30)...
The ranges we are making the pips on die off, first 2-3 hours of the UK Open then USA open 2:30-5:30 are definately in general safer for this, not saying its the same every day ofcourse but 2 - 3 hours then a long break, then 2 - 3 hours more trading sounds perfect to me Then maybe 1hour for the Asian session later if up.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #244
  • May 11, 2009 1:20pm May 11, 2009 1:20pm
TF wise, although it works okay ish on M5 this is working off intraday strength the longer the time frame the less it'll pick this up, so M1 or M5 only I think, M15 looked useless, strangely D1 looked good if you don't mind 2month holds.

Might need better optomising for M5 and above also.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #245
  • May 11, 2009 1:33pm May 11, 2009 1:33pm
Quoting Turveyd
PGSM 60-70% win rate without trying to not trade chop is about what I'm aiming for, after 80% with chop removed.

Your mate got 90% just trading 3/8, NICE, but market is really swingy today normal more mixed day he likely wouldn't of faired so well, plus thats too quick, too many trades for my old brain.

+100 pips if you can keep doing it will get you from £200 to the Mil in 18months do me

Where you using the 85-90sma to filter chop or not ??
I Had mine configured for the 80/90

I tried going for sells under the 80/90, longs Over - to mixed results. (but I would say it was more down to user rather than system!)

I got most joy from the bounce 3/8 cross method. 3/20 got me into the "choppy" trades a little late, so made loses, when could have made profits!

(As I said I linked up with a friend, he traded bounce 3/8, I traded bounce 3/20)

On one occassion he made a profit, when I got stopped out!!

I can see the merit of the 80,90, but defo bollinger band brings a certain something to the party.

I do not rely on the bounce alone (that way madness lies), but combine that with your strategy, there are serious pips to be made.

I will say that the stronger the bounce, the stronger the signal.!

If nothing else, it compares very favourably to simply backtesting the charts.

Just got to iron out operator error now to earn some serious pips!!
  • #246
  • May 11, 2009 1:39pm May 11, 2009 1:39pm
The 80/90 works better to stop fakes being triggered, when the market is trending, it'll save alot of pips there.

Yes during chop the faster 1's can be better, but I'm trying to avoid chop, less trades, more winners, less busy and less stress is key to me.


but many ways to skin a cat or something like that.
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #247
  • May 11, 2009 1:39pm May 11, 2009 1:39pm
I have only tested this method on Forex, would be interesting how it holds up on others (i.e stocks futures, cfds, commodities etc).

i can / do only trade spot forex, so if you guys can mangle the template to others would be interesting to see results!

Today, my most effective rules were....

1) bollinger bounce
2) 3/8 cross
  • #248
  • May 11, 2009 2:33pm May 11, 2009 2:33pm
SYSTEM CHANGE !!! lol

Drop the 80/90SMA, set it at 90SMA HIGH and 90SMA LOW that gives a neater area with fixed pips, I prefer!!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #249
  • May 11, 2009 2:41pm May 11, 2009 2:41pm
I'm sticking with my 90min and 20min SMA trend system, no trades against.

I fear alot of very small profits against the longer trend which will reverse in a instant and cost you dear over time, okay it worked today but not for me.


I can see times where a 3/8 or 3/22 could be used safely on it's own but then the KISS system stops becoming so simple.

I'll have a play around with the 22 on the chart briefly and see if it can be made abit quicker to get you in cheaper, without suffering much worse from chop.

BRB ish!!
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #250
  • May 11, 2009 3:17pm May 11, 2009 3:17pm
Okay RETHINK no. 4073 on the basis no ones using my 80/90 rules, I WANT MY DUMMY, MOMMY MOMMY!!!!!!

the 80/90 rule really does waste more pips than well anything on 90mins trend time reversal zones, HUGE wasteful POS!!

Okay same EXACT rules, but 80/90 goes out the window, replace it with a solitary 40sma with the biggest fattest and as bright as you can get.


So

3EMA
8SMA
20SMA
40SMA

KISS enough baby ???

Still gets you all a longer trend to work with and still eliminates chop to a degree with the no trade zone between 20 & 40.


Confused ?? you wait to change 4074.

Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #251
  • May 11, 2009 3:55pm May 11, 2009 3:55pm
Better get some Demo time in, back Live Wednesday

Long EJ called, in 132.30, just took 132.47 + 17 NICE

40sma is going to produce alot more trades, it just filters out :-

Market is going down say.
3ema jumps back over the 20sma, you flip long, 2mins later it's back up, you've flipped back short or worse still you've left the long on outta frustration and -15SL hit 2mins later.
It gives a it's over 20, wait wait wait, it's back under short saving a wasteful long trade quite a few times.

MUST STOP MAKING CHANGES LOL

Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #252
  • May 11, 2009 3:59pm May 11, 2009 3:59pm
[quote=paulb;2726092]
Quoting psgm

I made 2 trades under 5 pips profit, and this was because I am a relative newbie to trading and made the rookie mistake of closing the stop loss to just over profit ASAP.

(CUT) most of my losses were during the choppy period (between 11:30 and 14:30)...

Paul, I try to avoid news, all happens too quickly a 15SL is hit as it chops for that or the spread goes to 15 for a few seconds to take everyone out.

Definately check the news each date and take note of any news that falls out side of the normal time slot.

Okay we are running 15-20SL's, so a new hit isn't the end of the world.

Good luck with the ever evolving system Paul, let us know if your trading and profiting and if not find us a solution please
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #253
  • May 11, 2009 4:03pm May 11, 2009 4:03pm
Quoting Turveyd

MUST STOP MAKING CHANGES LOL

Probably a good idea.

Put your kiss temp next to THV and am watching it along with fartin' around with trade simulator - I'll keep ya updated if and when I get some hard results - good or bad. Playin' around on both e/u and e/j -
Pip what you see; See what you pip!
  • #254
  • May 11, 2009 4:14pm May 11, 2009 4:14pm
Keep me posted Seereye, I still think this some common sense behind it, it's better the shooting blind though which fixes 1/2 of the battle and still being Simple enough for anyone to understand.

EU and EJ!!
Attached File(s)
File Type: tpl eu kiss m1.tpl   12 KB | 277 downloads
File Type: tpl ej kiss m1.tpl   12 KB | 285 downloads
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #255
  • May 11, 2009 4:16pm May 11, 2009 4:16pm
GU also updated.


I also use something to highlight the 50's and 00's and makes the BID on the MT4 chart easier to see also attached.
Attached File(s)
File Type: tpl gu kiss m1.tpl   12 KB | 291 downloads
File Type: mq4 SDX-SweetSpots.mq4   4 KB | 271 downloads
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #256
  • May 11, 2009 4:23pm May 11, 2009 4:23pm
Hi, just came across.
Do you have any idea about a long-term performace of this strategy? I mean, do you have some backtest results for say 3-4 years history? If yes, post it here. Looking forward.

-pt-
-pta-
  • #257
  • May 11, 2009 4:35pm May 11, 2009 4:35pm
Nope sorry, it's new and hot off the press for you lot to try for me

I looked back maybe 2weeks on the EJ chart without any attempt to filter chop time or anything else wise, just all trades.

Reckon it'll win 70% of the time over all, average lose 10-12 if your not lazy and just let your SL hit.

Sometimes it gets @130pips ( okay thats optimal ) looking like a average profit 22-24 area so nearly 100% on the losers.

Market drops back to the forgotten about low volatility of time time last year before the big drops and it'll likely chop to much and fail, but until then
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #258
  • May 11, 2009 4:41pm May 11, 2009 4:41pm
Quoting Turveyd
Nope sorry,...
I see. If I find some time, I'll give it a try in ForexTester and post someresults here.

tc
-pt-
-pta-
  • #259
  • May 11, 2009 4:52pm May 11, 2009 4:52pm
Quoting ptaczek
I see. If I find some time, I'll give it a try in ForexTester and post someresults here.

tc
-pt-

If that'll let you do it, only trade GMT 9:30-11:30, 14:30-17:30 00:30-02:00 and compare please.

As as I said, not 100% mechanical but it'll be good to see if the basis has merit or not.

thanks
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
  • #260
  • May 11, 2009 5:52pm May 11, 2009 5:52pm
It's working well tonight
Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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