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Yet another 50 SMA trading strategy

  • #201
  • Jun 20, 2009 10:48pm Jun 20, 2009 10:48pm
Quoting melpheos
I will try to make an EA out of this sytem, wish me luck because i suck at programmation
Awesome. All the best. I have been thinking about it as well
  • #202
  • Jun 26, 2009 11:00pm Jun 26, 2009 11:00pm
Are the marked trades valid?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: AU.gif Size: 32 KB
  • #203
  • Jun 27, 2009 1:59am Jun 27, 2009 1:59am
Quoting AndsX
Are the marked trades valid?
On the first : all three but the 1st one is too far away from the SMA so better not take it.

On the second one : all three but the last one would not have been taken with a 5 pip filter.

Yesterday was a very crappy day for several pairs. I had a very good trade on USDYEN but the profit got eaten in total by the other pair. I lost overall 2% on my equity (would have been 8% if i had not taken the USDYEN trade)
  • #204
  • Jun 27, 2009 1:09pm Jun 27, 2009 1:09pm
It was total choppy the friday. Is UY on this trategy. I should start looking in to it.

Did you set a fixed TP or move fractal to fractal the SL and have no TP?
  • #205
  • Jun 28, 2009 10:43am Jun 28, 2009 10:43am
Quoting AndsX
It was total choppy the friday. Is UY on this trategy. I should start looking in to it.

Did you set a fixed TP or move fractal to fractal the SL and have no TP?
Any Yen pair are good for break outs.
  • #206
  • Jun 28, 2009 5:43pm Jun 28, 2009 5:43pm
How are you setting the TP?
  • #207
  • Jun 28, 2009 10:55pm Jun 28, 2009 10:55pm
Quoting AndsX
How are you setting the TP?
same as other pair, i'm using at least twice my SL which is set on obvious resistance level
  • #208
  • Jun 29, 2009 5:34am Jun 29, 2009 5:34am
I love the entry system,as well as the MM part. I have been using the following exit system successfully, maybe it will help. Split your order in two, taking profit on one half at 25 pips + spread, as soon as the first one took profit move the stop loss on the second half to break even. Using either S/R to exit or when you are lucky and you get a nice run then use divergence between price and stochastics to exit. Or simply set a trailing stop loss of 30 pips.
  • #209
  • Edited 9:55pm Jun 29, 2009 10:37am | Edited 9:55pm
To keep me out of bad trades I always use ADX (14 close) on the 1 Hour chart. It is normal for adx to dip below the 20 line sometimes, but when it stays below 20 for some time you have to wait for a break out first before you can start trading again.The angle of adx is also important even above 40 (which could be regarded as strongly trending) if it is dropping beware. Please read article of Charles le Beau "direction is the key to using adx correctly". I am not sure if I can paste the address here, but I am sure google will point you in the right direction. Maybe it can be of some help.
  • #210
  • Jun 30, 2009 12:16pm Jun 30, 2009 12:16pm
Quoting BlueBull
I love the entry system,as well as the MM part. I have been using the following exit system successfully, maybe it will help. Split your order in two, taking profit on one half at 25 pips + spread, as soon as the first one took profit move the stop loss on the second half to break even. Using either S/R to exit or when you are lucky and you get a nice run then use divergence between price and stochastics to exit. Or simply set a trailing stop loss of 30 pips.
Since you are talking a half-profit at 25 pips. How do you set your SL? Do you consider the volatility of the pairs when setting the SL and trailing stop
  • #211
  • Jul 1, 2009 6:14am Jul 1, 2009 6:14am
Quoting AndsX
Since you are talking a half-profit at 25 pips. How do you set your SL? Do you consider the volatility of the pairs when setting the SL and trailing stop
Setting of SL will depend on the entry strategy I am using. As none of the indicators will ever work properly when ADX is below 20 AND flat on the 1 hour chart, I simply do not trade. Then you have to wait for a break out or trade something else.
  • #212
  • Jul 3, 2009 8:25am Jul 3, 2009 8:25am
Regarding this strategy - it might be good, but a lot of noise will eat big piece of the overall profit. I would recommend to test it on higher timeframes.
  • #213
  • Jul 3, 2009 9:19am Jul 3, 2009 9:19am
Quoting chief2000
Regarding this strategy - it might be good, but a lot of noise will eat big piece of the overall profit. I would recommend to test it on higher timeframes.
This is the problem with any breakout strategy. On higher TF you will have exactly the same problem but probably less than on smaller TF.
  • #214
  • Jul 3, 2009 9:48am Jul 3, 2009 9:48am
Quoting melpheos
This is the problem with any breakout strategy. On higher TF you will have exactly the same problem but probably less than on smaller TF.

Did anybody try to write EA for this Strategy?
  • #215
  • Jul 4, 2009 8:17pm Jul 4, 2009 8:17pm
i am not clear about the entry rules you said on post 1, you said entry buy when the price is above 50 ema and have an up fractual point up ? but when i backtest it i see i should buy when it pointing down. also the price always break your support and resistant indicator
  • #216
  • Jul 8, 2009 9:34am Jul 8, 2009 9:34am
Quoting ddock
i am not clear about the entry rules you said on post 1, you said entry buy when the price is above 50 ema and have an up fractual point up ? but when i backtest it i see i should buy when it pointing down. also the price always break your support and resistant indicator
Please have a look at my various screenshot because i can't make it more cleared than what i have explained.
  • #217
  • Sep 1, 2009 12:36am Sep 1, 2009 12:36am
Quoting melpheos
Please have a look at my various screenshot because i can't make it more cleared than what i have explained.
Hi, I found this ea on another thread using similar breakout strategy, this ea helps you determine your bet size and can also help with stop loss and take profit.
Attached File(s)
File Type: ex4 Feb Helper EA v3.ex4   12 KB | 437 downloads
  • #218
  • Sep 2, 2010 2:55pm Sep 2, 2010 2:55pm
hi melpheos... thanks for this strategy

filter.... mtf bbands stop

ciao
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  • #219
  • Dec 29, 2010 5:25pm Dec 29, 2010 5:25pm
BlueBell,

I have loaded the Feb helper EA but it is not working. Wud u know why? The only thing I changed is both stop and trailing stop from 25 to 250 pips as I have attached EAto GBPJPY pair. Even when I change it to default settings it is not working. What could be the reason?
  • #220
  • Jan 2, 2011 4:04am Jan 2, 2011 4:04am
Interesting system thanks might just turn this into a good EA
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