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Very Profitable System - Roi system

  • #41
  • Jan 1, 2010 11:56am Jan 1, 2010 11:56am
Happy New Year!!! This Roi system would be a great system if we got an audio alert with pop up when price crossed the support and resistance lines. Can anyone program that? You almost always make green pips when the price crosses the support and resitance blue and red lines. Paris
  • #42
  • Jan 1, 2010 11:29pm Jan 1, 2010 11:29pm
I agree with Paris. I have visually checked 12 pairs for the past few weeks on M15 and H1 charts. Very rarely does the system produce a loss. I have added a couple of further filters which make the system even better - like a 14 period ADX indi so that the trade is only taken if the ADX is rising above 20 line - this means that the PA is in a strengthening trend. Conversely, if the ADX is falling, give the trade a miss. This would have prevented several potentially losing trades.

I only trade between 0:00 GMT and 12:00 GMT. I am Australian and these times suit my lifestyle. The NY open is not until 0:30AM my time and I'd rather be in bed!! There are plenty of opportunities in that time period and I am usre there are more if the US market times are traded.

The other change I have made to the original system is the MM. I believe that there are so many successful trading opportunities each day that to take a small scalp is very low risk trading. I look for 10 pips plus spread (2) and do this with a MM EA. Looking at the MA line to get an idea which way the trend is going, I place a pending order at 2 pips above (below)the next blue (rising) or red (falling) line (which appear to be fractal lines). When the order is filled, the EA then sets the TP at 12 pips with a SL of 20 pips. This does not appear to be a good R:R ratio but with such a high percentage winning system, this is not a worry to me. I watch each trade and although I set a 20 pip SL I do not let it go that far if the trend has obviously turned against me.

The thing that would make this a top system is an alert - both sound and pop-up - just before the PA reaches the signal line. If the alert could be programmed to allow for the wav file to be changed, I could make a wav file for each pair traded with the message "long opportunity for dollar pound" and so on. I will happily post the wav files here.

I think I read somewhere that there was an indicator or script that allowed an order to be changed using the mouse and shifting the price line on the chart. I have spent many frustrating hours searching for this without success. I wish I could code but I am a coding klutz!! If PA retreats from the line chosen as the next signal, the order level could be changed by shifting with the mouse to the next likely signal level. (Clear as mud I know!!).

I cannot wait for the market to crank up into the new year so I can apply the strategy to a live account using micro trades to start. We will then see how good it is.

I am grateful to ROIF for starting this thread - I am quite excited by this system and what it promises. Personally, I am not a great supporter of EAs as from my experience they always come to grief sooner or later. Just a good alert would make this a great simple trading strategy.

I hope everyone has a great 2010 and that you all make many pips.

Regards Karl
  • #43
  • Jan 2, 2010 9:07am Jan 2, 2010 9:07am
Hello Karl,

This is the EA you are looking for. (I think)
You change the SL by draging the SL line.

Cheers
Attached File(s)
File Type: ex4 Quik_Trailing.ex4   19 KB | 1,515 downloads
  • #44
  • Jan 2, 2010 10:20pm Jan 2, 2010 10:20pm
Quoting scartree
I agree with Paris. I have visually checked 12 pairs for the past few weeks on M15 and H1 charts. Very rarely does the system produce a loss. I have added a couple of further filters which make the system even better - like a 14 period ADX indi so that the trade is only taken if the ADX is rising above 20 line - this means that the PA is in a strengthening trend. Conversely, if the ADX is falling, give the trade a miss. This would have prevented several potentially losing trades.

I only trade between 0:00 GMT and 12:00 GMT. I am Australian...

Hi Karl,

Can you give us a chart example on how you use ADX indicator with this system? I think the system works reallly well on the 15 min time frame ( that's the only tf i've back tested) . It also works real well on the Euro 5 min time frame. I will go for at least a +15 pip gain with trades usually between 20-30 pips and often more. This is for the 15 min TF. We definitely need an audio alert with pop up when price reaches or crosses the S&R signal lines. Thanks, Paris
  • #45
  • Jan 2, 2010 10:32pm Jan 2, 2010 10:32pm
Pluto2
I use the Quik Trailing EA for my money management. I do not use the trailing stop feature for this system. I am not sure if the SL can be changed by moving the line on the chart but will have a look at it. I am quite happy with my MM on this system - its the alert that I would like to get hold of.

Hi Paris, I will post a chart with the ADX attached later. Its Sunday here and I have slunk into the study to check emails, etc but I do not win brownie points for working on my computer when the family is here!!

Regards Karl
  • #46
  • Jan 2, 2010 11:26pm Jan 2, 2010 11:26pm
Here's what i got with ADX. Paris
Attached Image (click to enlarge)
Click to Enlarge Name: roi system with adx.gif Size: 33 KB
  • #47
  • Jan 2, 2010 11:37pm Jan 2, 2010 11:37pm
Ok Paris- the family are all in the pool so I have a few minutes to myself!!

Last Thursday was New years Eve and traditionally not a great trading day. Nevertheless, this system still pulled them in! I saw 3 trades in my time zone (the grey area of my chart) for GU alone . The red lines show the opportunities.

In each case:

ROIF rules OK
Trix heading in right direction
Stoch crossed and in right direction
ADX over 22 and heading up to signal strong trend. (The first trade just qualified but I take other trades from these charts as well - I am a great supporter of Trix and Swingman's indicators are awesome.

My MM would take 12 pips per trade giving on average 10 pip per winning trade after spread. I look at 12 pairs and I usually find at least 1 trade per pair per day that qualifies as an opportunity. If 120 plus pips per day is not enough then I guess greed has kicked in big time. Some days it is less than this and there are losing trades so its not quite a true picture but its pretty good. Its as much as I need to put food on the table. If you trade $10 per pip then that is impressive - I am not quite that ambitious - yet. Having been wiped out in the derivative market in 2001, I have some restrictions placed on my trading speculation!

I believe that this system can change that - if it is profitable for a month or two, I will up the stakes!

I just looked at your post - I do not show the +DI/-DI as they don't do anything here. I use 22 - saw it somewhere and it works for me.

Regards Karl
Attached Image (click to enlarge)
Click to Enlarge Name: gu 31 dec 09.gif Size: 34 KB
  • #48
  • Jan 3, 2010 12:29am Jan 3, 2010 12:29am
Hi scartree,

just want to check with u, is ADX sufficient enough for confirmation? btw, for short signal, the ADX should be below 22 right? and for long signal, the ADX should be above 22?

Quoting scartree
Ok Paris- the family are all in the pool so I have a few minutes to myself!!

Last Thursday was New years Eve and traditionally not a great trading day. Nevertheless, this system still pulled them in! I saw 3 trades in my time zone (the grey area of my chart) for GU alone . The red lines show the opportunities.

In each case:

ROIF rules OK
Trix heading in right direction
Stoch crossed and in right direction
ADX over 22 and heading up to signal strong trend. (The first trade just qualified but I take other trades from these charts as well - I am...
  • #49
  • Jan 3, 2010 1:28am Jan 3, 2010 1:28am
ADX is to measure the strength of the trend. It does not matter if the trend is up or down, the ADX MUST be above 22 and RISING.

The other indis I use are enough for me to filter some of the losing trades. Of course they knock out some good trades but that is the compromise with any indicators. No system is perfect but this is pretty darned good. I will not state a percentage success rate until after I have traded a live account for several weeks but it looks to be very high on paper.
  • #50
  • Jan 3, 2010 2:59am Jan 3, 2010 2:59am
Hi ALL,
I'm very happey to see that you are using my system and think that is quite good.
if u have questions I'll be happey to answer...
Good Day,
Roi.
  • #51
  • Jan 3, 2010 3:26am Jan 3, 2010 3:26am
Quoting roif
Hi ALL,
I'm very happey to see that you are using my system and think that is quite good.
if u have questions I'll be happey to answer...
Good Day,
Roi.
Hi Roif, as stated in my earlier thread, is the setting corrects for M15 Timeframe? cos the attachment itself, the setting i think is in 30Mins TF.. please confirm.. thanks
  • #52
  • Jan 3, 2010 6:07am Jan 3, 2010 6:07am
Hi Karl,
Which twelve pairs do you look at? Thanks.

Quoting scartree
Ok Paris- the family are all in the pool so I have a few minutes to myself!!

Last Thursday was New years Eve and traditionally not a great trading day. Nevertheless, this system still pulled them in! I saw 3 trades in my time zone (the grey area of my chart) for GU alone . The red lines show the opportunities.

In each case:

ROIF rules OK
Trix heading in right direction
Stoch crossed and in right direction
ADX over 22 and heading up to signal strong trend. (The first trade just qualified but I take other trades from these charts as well - I am...
  • #53
  • Jan 3, 2010 6:33am Jan 3, 2010 6:33am
12 pairs I watch but do not necessarily trade - depends on the spread offered by my broker. I usually will not take a scalping trade if the spread is greater than 4 pips. If the trend is obviously strong I will sometimes ignore the spread but look for more than 12 pips TP.

The pairs I watch are: GU, EU, AU, UJ, U/CHF, U/CAD, EG, E/CHF, EJ, GJ, G/CHF, AJ.

Some of these pairs have interesting corrrelations which are worth studying. The JPY pairs - UJ, GJ, EJ and AJ frequently make similar moves. There is plenty of info on the net about this subject - not for here.

Hi ROIF - glad to have you back. We are all waiting for your input. I hope you do not mind that we have been 'playing' with your system. Have you had any luck in getting someone to code an EA for the system which you can share?

Karl
  • #54
  • Jan 3, 2010 6:49am Jan 3, 2010 6:49am
Quoting scartree
12 pairs I watch but do not necessarily trade - depends on the spread offered by my broker. I usually will not take a scalping trade if the spread is greater than 4 pips. If the trend is obviously strong I will sometimes ignore the spread but look for more than 12 pips TP.

The pairs I watch are: GU, EU, AU, UJ, U/CHF, U/CAD, EG, E/CHF, EJ, GJ, G/CHF, AJ.

Some of these pairs have interesting corrrelations which are worth studying. The JPY pairs - UJ, GJ, EJ and AJ frequently make similar moves. There is plenty of info on the net about this...
As I said, I use my system at 15Min and the SR indicator I turned to 60Min all...
I don't have yet the EA I hope to get it as soon as I can..
  • #55
  • Jan 3, 2010 6:57am Jan 3, 2010 6:57am
Quoting roif
As I said, I use my system at 15Min and the SR indicator I turned to 60Min all...
I don't have yet the EA I hope to get it as soon as I can..
Thank you for your efforts here . I will put together the tpl in a strategy tester to eagerly see the result of manually tradeing this in a 15 min tf .:nerd:
  • #56
  • Jan 3, 2010 7:32am Jan 3, 2010 7:32am
Quoting roif
As I said, I use my system at 15Min and the SR indicator I turned to 60Min all...
I don't have yet the EA I hope to get it as soon as I can..
is it possible to show us the setting on the print screen? thanks. U only set SR indicator? the remaining 2 indicators u leave it as default? thanks
  • #57
  • Jan 3, 2010 11:59am Jan 3, 2010 11:59am
Quoting roif
As I said, I use my system at 15Min and the SR indicator I turned to 60Min all...
I don't have yet the EA I hope to get it as soon as I can..

I like it better at the default settings at 30 min for S&R. You get more opportunities and often get in on the trade earlier. Paris
  • #58
  • Jan 4, 2010 5:21am Jan 4, 2010 5:21am
Quoting Paris Hilton
I like it better at the default settings at 30 min for S&R. You get more opportunities and often get in on the trade earlier. Paris
yup, i agree... setting at 30 mins for S&R is better...
  • #59
  • Jan 4, 2010 5:42am Jan 4, 2010 5:42am
You guys any thoughts on the T3 clean indi setings, for examplae if there is a 15 min chart open on MT4 do you change the default setting on the indicator from time-frame 30 to time-frame 15..?

Thanks Roif for sharing hope you return soon to answer mine and others questions, Also would be great if some one could code your EA, after all thats why your here in the first place..

Rebel.
  • #60
  • Jan 4, 2010 8:53am Jan 4, 2010 8:53am
Dear Traders,

I traded today in the european market with the ROIF system (thanks for that system) and I had great succees. I use on top to the original system the ADX indicator (thanks scartree) and I only do the trade if the ADX look rising up additionally.

I do 3 trades long in eu, au, uscad and one short in uj

All three long trades are succesfull with a first TP of 12 pips and a second order with open TP with which I followed the trend in the market. That means as a sample, I take in eurusd a 12 pips TP very soon and closed the second trade after 70 pips because I had luck with a good move.

The short trade in uj I close with 10 pips loss.

So for me it was a very good start in the new year.
Maybe the idea to get in the trade with two different orders, one with a fixed TP and the second open ( if you have the time to follow by your eyes) is also good for others.

Has anybody other also experiences by live trading with this system?

best regards
fx358
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