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"Pure" Trading System

  • #61
  • Feb 26, 2010 5:23am Feb 26, 2010 5:23am
One thing I will add, I looked at the completed move.

If you had followed this system you would have achieved:

398 pips.

The Eagle's Strike.
  • #62
  • Edited 11:45am Feb 26, 2010 6:12am | Edited 11:45am
Many thanks, I got it now, one more thing learned.

About today I stopped in time with EUR/USD because I saw there was a trend line but I lost everything I earned with EUR/JPY because it came back and I couldn't predict it because I don't see anything other than the mid R1 which I didn't expect to be so strong.
I'm learning everyday because I have a point of view now, and it is interesting and ehm... fun :-)
I' am not demoing, my temper doesn't allow me to. I have a micro (100$) account and I trade 0,1$ pips.

Anyway I would be very grateful if you could post the diagram when you have time :-)
Thanks again for your kindness.
  • #63
  • Mar 1, 2010 12:01am Mar 1, 2010 12:01am
i would just like to try and clear up the stop loss strategy,
Exit Rules:
If at anytime a candle Closes within the channel, exit the trade.

So we are talking the close price being within the channel, or just a candle retracing into the channel?

if a cancdle retraces into the channel but closes outside of the channel that is ok??

cheers
Ian
  • #64
  • Edited 6:19am Mar 1, 2010 6:07am | Edited 6:19am
Another question due to the GBP/USD movements today.
How do you catch those big moves? If you wait for the candle to close in 15 min you gonna lose almost all the breakout and risking to be selling the bottom ( I almost managed to do that ).
Is it allowed to go check the 1M/5M chards (in these occasions) and sell/buy the first candle that opens and closes over/under the 50 ema channel?
(I ask this also regarding not only the 50 ema channel but also the possible resistences the PA may found in its way up or down which I treat like they were the 50 ema channel, that is waiting for the candle to open and close beyond.)
Being a lower time frame of course you have more room to buy/sell.
Thanks for the possible answer
Moon
  • #65
  • Mar 1, 2010 4:07pm Mar 1, 2010 4:07pm
Quoting Moonwen
Another question due to the GBP/USD movements today.
How do you catch those big moves? If you wait for the candle to close in 15 min you gonna lose almost all the breakout and risking to be selling the bottom ( I almost managed to do that ).
Is it allowed to go check the 1M/5M chards (in these occasions) and sell/buy the first candle that opens and closes over/under the 50 ema channel?
(I ask this also regarding not only the 50 ema channel but also the possible resistences the PA may found in its way up or down which I treat like they were the...

just discovered this thread and i will try it on gbp/usd M5 (perhaps gbp/jpy) with sl 15, we'll see
Never whishing, always trading.
  • #66
  • Apr 13, 2010 3:17pm Apr 13, 2010 3:17pm
Hey guys, I used Expert Advisor Builder to make the entry signals for this strategy. It works well, except it takes EVERY signal. Meaning that if it spots a sell signal, and it closes that for a profit, it'll open another sell after the next bar because it still opened and closed below the lower SMA.

I managed to make it exit if a bar closes inside the channel.

Any ideas on how to fix this? I'm attaching it here.
Attached File(s)
File Type: mq4 YourExpertAdvisor.mq4   10 KB | 555 downloads
  • #67
  • Apr 13, 2010 7:55pm Apr 13, 2010 7:55pm
Hi All,
I have loaded all the indicators and the template but I can not seem to see the fib levels how do I display them please????
  • #68
  • Edited 6:54pm Apr 15, 2010 6:43pm | Edited 6:54pm
http://i41.tinypic.com/2j4awwn.gif

+112 pips!

EDIT: I trade a little bit differently. Entry rules are the same, but for exit I use ATR(10) trailing stop (I still close when price closes within the channel). Don't ask me why, but for some reason I have an irrational dislike of fibonacci numbers.
  • #69
  • Apr 16, 2010 5:50pm Apr 16, 2010 5:50pm
Can you please post the atr trailing stop I can not find one
  • #70
  • Apr 16, 2010 6:23pm Apr 16, 2010 6:23pm
Quoting Stumpy1
Can you please post the atr trailing stop I can not find one
You may want to look here, mate, there's a whole bunch of'em, http://www.forex-tsd.com/indicators-...stop-help.html
  • #71
  • Apr 16, 2010 7:08pm Apr 16, 2010 7:08pm
good job... thanks
  • #72
  • Apr 17, 2010 2:41pm Apr 17, 2010 2:41pm
Quoting lolpie
Hey guys, I used Expert Advisor Builder to make the entry signals for this strategy. It works well, except it takes EVERY signal. Meaning that if it spots a sell signal, and it closes that for a profit, it'll open another sell after the next bar because it still opened and closed below the lower SMA.

I managed to make it exit if a bar closes inside the channel.

Any ideas on how to fix this? I'm attaching it here.
lolpie,
Thank you for the EA. It works on the back tester but I too would like it not to reenter after TP or SL is hit. I put a request into the programming section for the adjustments needed and will post the changes if anyone responds.
  • #73
  • Apr 18, 2010 8:39am Apr 18, 2010 8:39am
Like any other MA based crossed system in the long run will

eat your Stop losses by bunch because of all of those Fake crosses.

This is no different to have 50 MA High low or just 200/50/24/9

and play cross over it's all looking nice and easy when scrolling from

right to left.. Make EA based on that and you will see, that's a

loosing strategy, because range Market will kill you on the spot.

Anyways try it first, at least on Trade Simulator.

No MA crossing systems are worked in the long run. Period.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #74
  • Apr 18, 2010 9:07am Apr 18, 2010 9:07am
Hi
I know that Expert Advisor Builder site can make .ex4 not .mq4 How can you make visible code ?


Quoting lolpie
Hey guys, I used Expert Advisor Builder to make the entry signals for this strategy. It works well, except it takes EVERY signal. Meaning that if it spots a sell signal, and it closes that for a profit, it'll open another sell after the next bar because it still opened and closed below the lower SMA.

I managed to make it exit if a bar closes inside the channel.

Any ideas on how to fix this? I'm attaching it here.
  • #75
  • Apr 18, 2010 12:36pm Apr 18, 2010 12:36pm
Quoting hipofiz
Hi
I know that Expert Advisor Builder site can make .ex4 not .mq4 How can you make visible code ?
Not sure what you mean, you can view and edit the code in Metatrader (right click on the EA -> Modify)

Quoting SkyzerFX
Like any other MA based crossed system in the long run will

eat your Stop losses by bunch because of all of those Fake crosses.

This is no different to have 50 MA High low or just 200/50/24/9

and play cross over it's all looking nice and easy when scrolling from

right to left.. Make EA based on that and you will see, that's a

loosing strategy, because range Market will kill you on the spot.

Anyways try it first, at least on Trade Simulator.

No MA crossing systems are worked in the long run. Period.
Only the entry is based on MA...I think the real strengths of this system are:
1) that you aggressively move your stop to follow the price, which reduces/eliminates risk as the trend moves along
2) small losses because you close the trade if it closes within the channel
  • #76
  • May 2, 2010 4:56am May 2, 2010 4:56am
Hello all.
I have followed this very interesting thread and tried to think of a way to calculate the strongest or weakest currencies of the day for when there are two or more opportunities to trade at the same time, usually at the London open when I start taking an interest in the markets.
The best method I could come up with was to calculate the previous days Pivot point and observe the distance at GMT7 or 8 of the price from the pivot.
My limited capital precludes me from from any more than one trade at a time or until one moves into profit.
I would be interested to know anyone`s thoughts on this.

Thanks in advance.
deefar
  • #77
  • May 2, 2010 5:27am May 2, 2010 5:27am
Xivali

Thanx for sharring this trading system.
  • #78
  • May 2, 2010 8:57am May 2, 2010 8:57am
Quoting SkyzerFX
Like any other MA based crossed system in the long run will

eat your Stop losses by bunch because of all of those Fake crosses.

This is no different to have 50 MA High low or just 200/50/24/9

and play cross over it's all looking nice and easy when scrolling from

right to left.. Make EA based on that and you will see, that's a

loosing strategy, because range Market will kill you on the spot.

Anyways try it first, at least on Trade Simulator.

No MA crossing systems are worked in the long run. Period.
you're probably right but anyway a more effective system based on this is Joe Ross's Camelback system
  • #79
  • May 6, 2010 1:49pm May 6, 2010 1:49pm
Here is an old Forex Factory thread that has similarities to what this thread is about. Could maybe get a few pointers from it. An updated variation of this method is being offered commercially so that's probably why the thread died out.

http://www.forexfactory.com/showthread.php?t=82484
Stay calm, be brave, wait for the signs - Jasper Friendly Bear
  • #80
  • Jan 13, 2012 12:02am Jan 13, 2012 12:02am
I am using your Purple template.I simply attached the Sadukey 1+2 and away I went. Both the 50-50 Sma and the Sadukey compliment each other very well. I have also attached the Swing ZZ. It re-paints at times ,but not too bad. I don't take the arrow trades on the Sadukey near the Channel,just above or below the Channel.I keep my losses at the minimum and Let-It-Ride on the breakouts.I have done no testing.I can't count the hours I have spent on Indicators and all that stuff. This is simple and easy.I love the win/loss ratio,it is a wise money management.Besides,management is a big part of this game. Thanks again! Charismatic
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