Another simple system | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Day, Another Chair, Another Day in the Office 203 replies

Another simple system - Time-Frame 15 30,331 replies

Another simple breakout system 32 replies

Another great Breakout GBP/JPY System (Dachel's Simple system) 62 replies

An Easy System (With the help of ES Trader - Another Simple System) 13 replies

Attachments: Another simple system
Exit Attachments

Another simple system

  • #61
  • Jun 6, 2010 10:09pm Jun 6, 2010 10:09pm
Quoting ES Trader
orcinus,
i take trade and stay for my 20 pips on 1 hr chart. sometimes i trade 4 hr chart ,then i stay for 50 pips.
Nice, thank you! Are you having good results tonight? I'm busy trading 1/5 min charts today.
  • #62
  • Jun 6, 2010 10:09pm Jun 6, 2010 10:09pm
Quoting mary4x
EsTrader, I'm trying to load the indicators onto a GBPUSD chart. When I copy the Bears.ex4, it is named "attachment.php." Why isn't it named Bears.ex4? It doesn't look your chart. Maybe I've got the wrong indicator.
The template also said "attachment.php." And when I tried to save it, I got the msg that it was already there...
This seems to be popping up in just about every thread on here, so here's how i fix it:

if it downloads and shows "attachment.php" simply rename it (including the extension) to what it is supposed to be (the name.extension f the link you clicked.)

FOR EXAMPLE.

"attachment.php" would be renamed to (for example) "bulls.mq4"

this works 100% of the time for me, just make sure you use the original name (bulls., bears., etc.) + extension (.zip, .tpl, .set,.ex4, .mq4, etc)

Hope this helps some people as it a pain in the a** but has a simple solution that should work across all platforms.

Cheers,
boston
  • #63
  • Jun 7, 2010 6:05am Jun 7, 2010 6:05am
went long gbpusd at 4446 2 position. one closed at 20 pips plus, 2nd one closed at 4500. for 44 pips

await sell sgnal next
  • #64
  • Jun 7, 2010 7:22am Jun 7, 2010 7:22am
Can someone help me get an EA for this System. It should help many here.
Thanks
  • #65
  • Jun 7, 2010 7:43am Jun 7, 2010 7:43am
GBPUSD 1hr bar at 08:00 GMT (IBFX)shows higher bull number than bear bar. Gbp closed at 1.4446.it went as high as 1.4515.

This system works if one can be patient and has the time to trade 1hr bar. Of course the results also seem to be quite good on 4 hr bar.
  • #66
  • Jun 7, 2010 8:44am Jun 7, 2010 8:44am
Iamboston, thanks for the help with downloading the indicators.
  • #67
  • Jun 7, 2010 1:33pm Jun 7, 2010 1:33pm
hi ES.... it´s for you.

http://codebase.mql4.com/623#6843


saludos.
  • #68
  • Jun 7, 2010 5:27pm Jun 7, 2010 5:27pm
Thnks Porforio
  • #69
  • Jun 7, 2010 5:43pm Jun 7, 2010 5:43pm
went short GBPUSD at 1.4470 I hr bar turned bearish. Let see what happens
  • #70
  • Jun 7, 2010 5:50pm Jun 7, 2010 5:50pm
here is the trade I took
Attached Image (click to enlarge)
Click to Enlarge Name: bullbear numbers paint.GIF Size: 43 KB
  • #71
  • Jun 7, 2010 8:41pm Jun 7, 2010 8:41pm
Reversed trade at 4475 took 3 pip loss. out at 1.4500 . Net plus 22 pips
  • #72
  • Jun 7, 2010 9:25pm Jun 7, 2010 9:25pm
Hi guys,

I have been trading this system on the simulator with pretty good success. However I have added another indicator, CCI(14) and I get even better results, because I was able to filter out some false signals (see picture attached).

Take short trades only when Bears value is greater than Bulls value and CCI is NEGATIVE.

Take long trades only when Bulls value is greater than Bears value and CCI is POSITIVE.

What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: bears_bulls.jpg Size: 120 KB
  • #73
  • Jun 7, 2010 10:09pm Jun 7, 2010 10:09pm
thanks fguru
I will try it
  • #74
  • Jun 7, 2010 10:10pm Jun 7, 2010 10:10pm
I love testing these simple systems.

One just needs to fit a person's style of trading, of course.

Ronald, is there the plan to produce an EA for this ??
  • #75
  • Jun 7, 2010 10:22pm Jun 7, 2010 10:22pm
hi freddyfx,
Glad u like Simple systems.
Ron feels this is not a system since there is no exit point and hence No EA can be created. I am not sure what he means by that. I did give my exit criteria in earlier post. Lets hope some one will help with EA.
  • #76
  • Jun 7, 2010 10:29pm Jun 7, 2010 10:29pm
No exit criteria other than a TP which is significantly smaller than a SL.

There was no provision for re-entry. Do I wait for another signal in the same direction or do I wait for a signal in the opposite direction?
  • #77
  • Jun 7, 2010 10:29pm Jun 7, 2010 10:29pm
Just a matter of time till we get blessed with a trader that has the time and the knowledge to program this.

Seems to me you have better results trading this system when there is more activity then around this time in the market, right?
  • #78
  • Jun 7, 2010 10:31pm Jun 7, 2010 10:31pm
Ronald.

I see you online.

Please help here, you are the expert in this stuff and speak programming language like I speak Dutch.
  • #79
  • Jun 7, 2010 10:35pm Jun 7, 2010 10:35pm
hi ron,
let me summarize again.
Go long when bull number is larger than bear number and vice versa.
Once in the trade put target of 20 pips on 1 hr chart and 50 pips on 4 hr chart.
Once exit, wait for opposite signal.
Of course target profit , Stop loss can be customized depending upon individuals tolerance. or if you have some other ideas for money management, that will be great as well.
thanks again
  • #80
  • Jun 7, 2010 10:42pm Jun 7, 2010 10:42pm
Quoting Freddyfx
Just a matter of time till we get blessed with a trader that has the time and the knowledge to program this.

Seems to me you have better results trading this system when there is more activity then around this time in the market, right?
No, I have had no problem in trading even around this time when activity is low. You may have to trade in the opposite direction and belove me new signal generates enough profit to cover the loss. In-fact if you look at my post above i did lose a trade of about 3 pips but I made 25 pips on the next opposite signal this evening.
1 trader viewing now