Eaty system

For Eaty V2 pls refer to part1 part2 part3

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I had developed this system for sometime. It is base on H4 time frame.

For start let make it short. If anyone interested with it I only write more. As my English suck so I make it into point form and graphically for easy understanding. Hope there are no typo. : )

Time frame: H4
Pair: GBPJPY (This pair perform well.)
Indicator: RSI (3), RSI (4), MACD (7, 13, 1)

Buy Enter:

 

1. RSI (3) and RSI (4) to cross above 50.
2. MACD (7, 13, 1) has to be in green color.
3. After 3 signal confirmed, the next bar start we put 3 pending buy orders.

3 pending trade:
1.Entry = High + 16pips + Spread, TP = 50, SL (Pls read Stop Loss written below.)
2.Entry = High + 16pips + Spread, TP = 100, SL (Pls read Stop Loss written below.)
3.Entry = High + 16pips + Spread, TP = freely until the SL hit, SL (Pls read Stop Loss written below.)
For non GJ your TP will need to change as below:
TP1 = 15
Tp2 = 30
TP3 = freely

http://i573.photobucket.com/albums/s...1May281550.gif

Sell Enter:

 

1. RSI (3) and RSI (4) to cross below 50.
2. MACD (7, 13, 1) has to be in red color.
3. After 3 signal confirmed, the next bar start we put 3 pending sell orders.

3 pending trade:

1.Entry = High - 16pips - Spread, TP = 50, SL (Pls read Stop Loss written below.)

2.Entry = High - 16pips - Spread, TP = 100, SL (Pls read Stop Loss written below.)

3.Entry = High - 16pips - Spread, TP = freely until the SL hit, SL (Pls read Stop Loss written below.)

For non GJ your TP will need to change as below:

TP1 = 15

Tp2 = 30

TP3 = freely

http://i573.photobucket.com/albums/s...2May281550.gif

Stop Loss (SL):

Case1: Set at the opposite entry.

Case2: If the H4 bar achieves > 150 pips profit, at the close of that H4 bar set our SL to 50 pips.

http://i573.photobucket.com/albums/s...3May281551.gif

SL Case1 + SL Case2: Let look at the High1 for pending buy order.

Buy entry = 128.12 (High1) + 16 pips + 7 pips (spread) = 128.35

SL = 126.71 (Low1) – 16 pips – 0 (Spread) = 126.55

High2 – Entry = 129.50 - 128.35 = 115 pips

Trade1 (T1) TP = 50

Trade2 (T2) TP = 100

Trade3 (T3) TP = not yet hit cos it hasn’t hit our SL, SL = 126.55

So T3 continue running. Until SL rules apply.

Sell entry = New SL (Base on Case1)

So a Pending sell order and new SL for T3. Open until it close. For this case it move up to High3. SL case2 rules apply.

New SL = 50 pips (Base on case2, 130.66 (High3) – 128.35 (Entry) = 231).

Let it run until new SL rules apply. In this case it close at our SL.

T1 TP = 50

T2 TP = 100

T3 TP = 50

Total profit = 50 + 100 + 50 = 200 pips

Case3:

 

1. RSI (3) form a new low above 50 for buy.
2. RSI (3) form a new high below 50 for sell.

http://i573.photobucket.com/albums/s...4May281551.gif

Case3.b: This pic show sell order with SL case3

Sell entry =138.18 (L1) - 16 pips - 0 pips (spread) = 138.02

SL = buy entry = 139.29(H1) + 16 pips + 7 pips (Spread) = 139.52

Entry – L2 = 138.02 – 136.00 = 202

16 pips + 7 spread = 23 pips

Trade1 (T1) TP = 50

Trade2 (T2) TP = 100

Trade3 (T3) TP = not yet hit cos it hasn’t hit our SL, SL = 139.52

SL progress

139.52 (Case1)

-> 138.02(Entry) – 50 pips = 137.52 (Case2)

-> 137.01(L2) + 23 pips = 137.24 (Case3)

-> 136.89(L3) + 23 pips = 137.12 (Case3)

-> 136.23 (L4)+ 23 pips = 136.46 (Case3)

-> 136.09 (L5) + 23 pips = 136.32 (Case3)

-> 135.22 (L6) + 23 pips = 135.45 (Case3)

Trade1 (T1) TP = 50

Trade2 (T2) TP = 100

Trade3 (T3) TP = 138.02 – 135.45 = 257

Total profit = 50 +100 +257 = 407

Case4:

 

1. RSI (3) move below 50 for buy.
2. RSI (3) move above 50 for sell.

http://i573.photobucket.com/albums/s...5May281551.gif

Case4.a: This pic show sell order with SL case4

Buy entry =130.50 (H1) + 16 pips + 7 pips (spread) = 130.73

SL = For this case we don’t have SL at start cos previous sell had close. So we don’t set SL until SL rules apply. RSI (3) below 50 apply after our buy entry signal. So we will use that as a SL. SL = L1 – 16 pips = 128.92

Entry – H2 = 130.73 – 133.26 = 253

SL progress

128.92 ->

-> 130.73 (Entry) + 50 pips = 131.23(Case2)

-> 132.09 (L2) – 16 pips = 131.93 (Case4)

Trade1 (T1) TP = 50

Trade2 (T2) TP = 100

Trade3 (T3) TP = 130.73 – 131.93 = 120

Total profit = 50 +100 +120 = 270

*** No trade when MACD(7, 13, 1) < 30 Or >-30.

BE whenever in profit.

Example:

1. 01 Jun 09 GBYJPY Buy order. (390 pips)

Part 1

Part 2

Part 3

Part 4

2. 02 Jun 09 GBYJPY Sell order. (88 pips)

Part 1

Part 2

Part 3

thank you for posting this. What percent wins do you have and how long have you live tested it. It looks good.

Your English is excellent.

Steve

Lik all the other sys got bad n good result as well. I tested from feb09 til may last week. Average around 300+ pips.

Anyway my english is excellent in good or bad way...

Are You using some special MACD? Because the one that is in standard MT4 indicators doesn't have 2 colours like Your's.

here's the colored Macd.

Thanx for share, that's a good system

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support resistance

.

It is a good strategy for h4. Another window to H4. Can you modify it for H1? Is that possible?
Thank you
QQE

I had added the indicator and template at my 1st post. Pls refer to the 1st post.

No i tried it at H1 and i fail miserably cos in H1 MACD n RSI show alot fate signal that will cos us lose.

FYI, best time for this sys is GMT+1, GMT+5, GMT+9, GMT+13, GMT+17, GMT+20.

I tested wit GMT+1 and GMT+2. Result is so different. GMT+1 given me a better result. I had never testing with other GMT so if u tested wit other GMT share wit me,...lazy eaty.

thanx Eaty for sharing .. i will try to give it test next week.

Very interesting strategy, thank you for your contribution Eaty !

Dear Eaty,

Took two trades today on the GBP/JPY one for 50 pips the other for 100 should have put in the third order per your specs would have gone further.

So far so good.

I'm going to keep a close track on this one.

Thanks for the thread

Zaxon

took another 61 pips before i closed the trade myself

Looks like pretty good system. Can you post some charts with recent trades.
Thanks

though no 1 interested in my sys so nv log in for a while. BTW i am busy recently so i will post some chart when i free.

Hi Eaty, What broker do you use? I want to use the same broker as yours, as different brokers different offset time from GMT and that can influence my analysis based on your theory. Thanks

Choose broker wit GMT+1 i think i cant give out the broker name in forum. U can go google for broker for GMT+1.

I using GMT+1 platform for chart, where i trade i use another...

If u caught this signal you already bank in 150pips + >50pips by now.

*>50pips (Profit >150pips SL set @ 50pips and let it run until it hit our SL or move to another new SL.)


**Data in the chart show raw data.**

AM i right about the long and the short trade?

yeap u r right. Nw u nid to wait the trade to open.

BTW ur platform is GMT+2, So the entry will not be that nice. The example i posted is GMT+1. My entry is 4H ahead u and i am definitely more safety then ur entry.

Ok, let us continue the example i shown previously.

T1 = 50 pips (Bank in)
T2 = 100 pips (Bank in)
T3 = SL = 155.991 => 156.849 (New SL)
= >135 pips

Total = > 285 pips

Let c our trade cont ? or hit our SL.


**Data in the chart show raw data.**