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Attachments: M5 Trend Buster
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M5 Trend Buster

  • #1
  • First Post: Edited May 11, 2010 4:13pm May 9, 2010 6:13pm | Edited May 11, 2010 4:13pm
Hi guys,

I have this work in progress. I desire to share it for to know any ideas about from the comunity for improving. It works good during trend and swing periods, and as many others systems, during choppy periods it gets some whipsaws.

SETUP:

(I usually trade from 08:00 to 17:00 GMT)
Becareful during news releases

Time Frame: M5
Cross: Eur/Usd; Gbp/Usd; Usd/Jpy; Eur/Jpy......and similars

(Remember: magic numbers doesn't exist... Feel you free to change something a little bit)

EMA 3
EMA 5
LWMA 60 (it's like LWMA 20 in M15 [20*3=60]) At the moment I changed this with 20 LWMA
LWMA 165 (LWMA 55 in M15) At the moment I changed this with 60 EMA
RSI 8 & RSI 20
DM_Volatility (this runs on M5 & M15) Take BBVolatility MTF in post #9

Attached Image (click to enlarge)
Click to Enlarge Name: tr-bust ex.gif Size: 39 KB


I love to make EA so I use very mechanics rules...

RULES:

Only Long if LWMA 60 > LWMA 165 At the moment I changed this values
Only Short if LWMA 60 < LWMA 165

DM_Volatility must be >= 0.0004 in M5 & M15 (with BBVolatility MTF you can see them togheter)
(this indicator can avoid some whipsaws but not all, actually I'am looking for an allied, maybe ADX on various Time Frame... I need time)

entry signal (long) when EMA 3 cross upper EMA 5 and RSI 20 is > 50

(If all rules agree in the last bar but not the volatility, you can enter during the actual one when DM volatility goes >= 0.0004)

For short entry vice-versa

--------------------------------------------------------------------------------------------------------------------------------------------
VERY IMPORTANT: I like to take my decisions only on closed bars, when the last bar close with all my condition I go inside at the open of the new one... the same for exit
--------------------------------------------------------------------------------------------------------------------------------------------

exit (long) 1'OPTION EMA 3 cross EMA 5 against your direction (ema3 <= ema5)
2'OPTION (quick exit) EMA 5 (last closed bar) is < EMA 5 previous bar

I haven't money management fixed rules, also this is a work in progress...

I use only a fixed stop loss of 20/25 pips

Here below some exemple (I calculate my entries thinking like an EA):

Attached Image (click to enlarge)
Click to Enlarge Name: 6may 1'part.gif Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 6may 2'part.gif Size: 38 KB


I'am aviable on skype for chat.... Vurbileron (Italy)
Attached File(s)
File Type: ex4 DM_Volatility.ex4   3 KB | 480 downloads
File Type: ex4 FPM i-ParamonWorkTime.ex4   5 KB | 430 downloads
File Type: tpl m5 trend-buster.tpl   35 KB | 440 downloads
  • #2
  • May 10, 2010 1:52pm May 10, 2010 1:52pm
Red line means entry signal condition ok
White line means exit

Attached Image (click to enlarge)
Click to Enlarge Name: 10 may eu.gif Size: 40 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 10 may gb.gif Size: 52 KB


Every day I learn something new from errors, and new ideas came from
  • #3
  • May 10, 2010 4:35pm May 10, 2010 4:35pm
So what have the results been like?
  • #4
  • May 10, 2010 6:56pm May 10, 2010 6:56pm
Looks interesting. I will give it a try in the morning.
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #5
  • May 10, 2010 8:17pm May 10, 2010 8:17pm
Hi. I like the way you are using the RSI indicators and the MAs. I am not sure the volocity indi will help much since it is pretty much is always over .0004. But I understand why you have it there. I would always make sure you only go long when all indis are above each other and only go short when all are below. On some of your trades on your charts I am not sure if you did. If you use two timeframes it should work out well.
  • #6
  • May 11, 2010 12:01am May 11, 2010 12:01am
Quoting kraven
So what have the results been like?
The results are that in the pictures, however I use an EA for to take this entries and sometime this bad-guy enter when it have not to do it... maybe errors in the code or something other, the pictures are cleaned (they are how the system have to run...)
  • #7
  • May 11, 2010 12:04am May 11, 2010 12:04am
Quoting cjd
Hi. I like the way you are using the RSI indicators and the MAs. I am not sure the volocity indi will help much since it is pretty much is always over .0004. But I understand why you have it there. I would always make sure you only go long when all indis are above each other and only go short when all are below. On some of your trades on your charts I am not sure if you did. If you use two timeframes it should work out well.
Yeah, it is always over 0.0004..... I need to improve it, I feel
  • #8
  • Edited 2:03am May 11, 2010 1:54am | Edited 2:03am
I have a new idea for to upgrade the exit reules (they get often the signal too late)

I remember to everyone that I want to make an EA, so my system is completely mechanic...

exit when:

(long example)
EMA5(of the last closed bar) is < of EMA5(of the previous one)

Maybe sometimes this rule will make you exit from the trade too early, but is better than to see burned big part of your actual profit
  • #9
  • May 11, 2010 2:29am May 11, 2010 2:29am
Hello,

try this indi. This is very similar(little different) to DM_Volatility and displays MTF.

Attached Image (click to enlarge)
Click to Enlarge Name: 100511_1614_gbpusd_m5.gif Size: 25 KB

Attached File(s)
File Type: mq4 BBVolatility_MTF.mq4   3 KB | 760 downloads
  • #10
  • May 11, 2010 2:45am May 11, 2010 2:45am
You might be able to simplify a little, ema's and rsi copy each other. If price above/below say 8 ema then 8 rsi will be above/below its 50 line as per attached chart. Same for 20 ema, 20 rsi etc etc.

Anyway that would reduce the number of things needed to look at without actually compromising your system.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 18 KB
  • #11
  • May 11, 2010 3:35am May 11, 2010 3:35am
Quoting Taiyakixz
Hello,

try this indi. This is very similar(little different) to DM_Volatility and displays MTF.

Attachment
Attachment
Thank you
  • #12
  • May 11, 2010 3:40am May 11, 2010 3:40am
Quoting Vantage
You might be able to simplify a little, ema's and rsi copy each other. If price above/below say 8 ema then 8 rsi will be above/below its 50 line as per attached chart. Same for 20 ema, 20 rsi etc etc.

Anyway that would reduce the number of things needed to look at without actually compromising your system.

I use 3 & 5 ema's expecially for entries and exit, and rsi 8 & 20 to confirm the trend.

Do you feel this have not much sense?
  • #13
  • May 11, 2010 5:17am May 11, 2010 5:17am
Quoting Taiyakixz
Hello,

try this indi. This is very similar(little different) to DM_Volatility and displays MTF.

Attachment
Attachment
I'am looking your indi and I really like it, it's better than mine, thank you man
  • #14
  • May 11, 2010 5:55am May 11, 2010 5:55am
Quoting vurbileron
I use 3 & 5 ema's expecially for entries and exit, and rsi 8 & 20 to confirm the trend.

Do you feel this have not much sense?
I haven't looked at 3 and 5 crosses for some time forexjedi used them on his thread. I don't think as a cross they add much to be honest. As mentioned if you wanted to use rsi to confirm the trend you could use 1 of them or a 20 ema alone. If above or below 20 ema your trend is either up or down.

Having gone down those paths I found that an 8 lwma on 1hr chart is great general trend ma. I use 32 lwma on 15 min and 96 on 5 min to approximate those. An 8 lwma on 5 min becomes a great trigger.

Having said all that and stressing I don't want to hijack your efforts but less is actually more I think and the idea that I was trying to get across was you might well be able to simplify your system without compromise and have fewer things to look at when trying to decide on a trade.

Most important is use whatever works for you.

All the best, just trying to help.
  • #15
  • May 11, 2010 6:23am May 11, 2010 6:23am
I have added daily pivots and spud fibo. you will find that fib lines make great targets.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 17 KB
Attached File(s)
File Type: mq4 #SpudFibo.mq4   8 KB | 377 downloads
File Type: mq4 Pivot Points Multitimeframe.mq4   45 KB | 391 downloads
I AM WHAT I AM, AND THATS ALL THAT I AM
  • #16
  • Edited 6:43am May 11, 2010 6:32am | Edited 6:43am
Quoting Goldflight
I have added daily pivots and spud fibo. you will find that fib lines make great targets.
MMMM I don't know...... I hate this points (pivots & fibo level). Everytime I consider this points the price seems don't take care of them... and vice-versa.....

I really can't give trust to them
  • #17
  • May 11, 2010 6:39am May 11, 2010 6:39am
Quoting Taiyakixz
Hello,

try this indi. This is very similar(little different) to DM_Volatility and displays MTF.

Attachment
Attachment

Cool Indie, thank you for posting it!
  • #18
  • May 11, 2010 12:04pm May 11, 2010 12:04pm
late for entry but +102pips

Attached Image (click to enlarge)
Click to Enlarge Name: 100512_0159_gbpusd_m5.gif Size: 21 KB
  • #19
  • Edited 1:43pm May 11, 2010 1:28pm | Edited 1:43pm
Quoting Taiyakixz
late for entry but +102pips

Attachment
yes

In the post 8 there is a better exit signal then the original , it can take more profit but sometime exits before

I want also change the big's LWMA and get 2 more fast maybe EMA 60&20

I was looking this system from 2 weeks and now I start to feel whats going wrong

Very early I want to post an upgrade
  • #20
  • Edited 4:10pm May 11, 2010 4:06pm | Edited 4:10pm
lwma 20
ema 60

Attached Image (click to enlarge)
Click to Enlarge Name: new tpl.gif Size: 32 KB


No RSI 8

(quick exit) EMA 5 (last closed bar) is < EMA 5 previous bar
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