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Another simple system

  • #81
  • Jun 7, 2010 11:00pm Jun 7, 2010 11:00pm
Just subscribing
Our AWESOME IMAGINATION is the true holy grail!
  • #82
  • Jun 7, 2010 11:34pm Jun 7, 2010 11:34pm
Are not the bulls and bears indicators similar to absolute strength?
Look Sharp/Trade Tight
  • #83
  • Jun 8, 2010 3:27am Jun 8, 2010 3:27am
ES trader I've give this method a go but I'm not sure about how you describe it. From what I can see the market can turn for quite a while for the bull/bear ratio to change in it's favour.
Quite often you will get a high bull reading and a low bear reading but the 1hr bar will still go down. What I have found is when the trend changes you have to wait 2 or 3 bars for the bull/bear ratio to change to. However for that bar -when the bull/bear ratio FIRST changes with in the trends direction- the strategy works, but then the next bar is anyone's guest again, that is until the trend changes again then the bull/bear catches. hope this makes sense.

When you see the bull/bear change do you just stay in the trade regardless of the price/bars moving up and down? or do you exit on the same bar you entered on? cheers.
  • #84
  • Jun 8, 2010 7:26am Jun 8, 2010 7:26am
I think it is the same as absolute strength, attached.
Attached File(s)
File Type: mq4 AbsoluteStrenghtHisto_v1.mq4   8 KB | 559 downloads
  • #85
  • Jun 8, 2010 8:50am Jun 8, 2010 8:50am
Missed a trade 08:00 Gmt. Bear number77 and bull number 39. Short Gbpusd at 1.4446 Went as low as 4371. This is why we need an EA to succeed in this system.
  • #86
  • Jun 8, 2010 9:42am Jun 8, 2010 9:42am
Hi ES Trader,

I started trying your simple system today and am amazed at the result so far. The idea is to come to your pc every hour to make 20 pips or loose 20 pips or more.

From about 8:00 uk time, I have made 6 trades with 5 wins and 1 loser. Not bad for a day even if i stop at that using the 1hr for cable.

An ea will be cool...i agree.

I noticed that there may be sometime of loosing when trend is about to change. But lets keep testing.

Total of +63 pips trading for 5 hrs without baby sitting the trades.

Thanks for sharing.



Quoting ES Trader
Missed a trade 08:00 Gmt. Bear number77 and bull number 39. Short Gbpusd at 1.4446 Went as low as 4371. This is why we need an EA to succeed in this system.
  • #87
  • Jun 8, 2010 9:53am Jun 8, 2010 9:53am
hi es trader,
1.do you trade on news?
2. are you trade only on london session?
3. what is ur trading time ?
  • #88
  • Jun 8, 2010 10:12am Jun 8, 2010 10:12am
Quoting Ibuks
Hi ES Trader,

I started trying your simple system today and am amazed at the result so far. The idea is to come to your pc every hour to make 20 pips or loose 20 pips or more.

From about 8:00 uk time, I have made 6 trades with 5 wins and 1 loser. Not bad for a day even if i stop at that using the 1hr for cable.

An ea will be cool...i agree.

I noticed that there may be sometime of loosing when trend is about to change. But lets keep testing.

Total of +63 pips trading for 5 hrs without baby sitting the trades.

Thanks for sharing.
Hello Ibuks,

Seems you have traded every hourly candle.

But going by ES Trader:

"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"

So once your target of 20 pips is achieved, you have to wait for the opposite signal, not trade the immediate next candle.

Then perhaps you will have very less number of losses.


Am I right, ES Trader ?
  • #89
  • Jun 8, 2010 10:38am Jun 8, 2010 10:38am
Never knew that was the rule. I followed every hr that I remember. He gave option of 1hr (for 20 pips) or 4hr (for 50 pis).

Maybe I misunderstoop ES Trader.

Anyway, just lost my second trade.... all thanks to intervention...lol.

There is a need to demo it properly and find the best time to take the trades.... I just felt that since am taking cable, London session will be fine.

An EA will do better...lol.

So its 5:2 (5 wins and 2 losses) with a total pip of 23 pips...my last trade was with 40 sl.

Cheers.

Quoting simplecoders
Hello Ibuks,

Seems you have traded every hourly candle.

But going by ES Trader:

"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"

So once your target of 20 pips is achieved, you have to wait for the opposite signal, not trade the immediate next candle.

Then perhaps you will have very less number of losses.


Am I right, ES Trader ?
  • #90
  • Jun 8, 2010 10:55am Jun 8, 2010 10:55am
Quoting simplecoders
Hello Ibuks,

Seems you have traded every hourly candle.

But going by ES Trader:

"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"

So once your target of 20 pips is achieved, you have to wait for the opposite signal, not trade the immediate next candle.

Then perhaps you will have very less number of losses.


Am I right, ES Trader ?
Yes, Trading Every bar eventually results in loss
  • #91
  • Jun 8, 2010 10:58am Jun 8, 2010 10:58am
Buy may be coming on gbpusd.Watch and wait!!
  • #92
  • Jun 8, 2010 11:18am Jun 8, 2010 11:18am
Quoting ES Trader
Yes, Trading Every bar eventually results in loss
What do you use for stops on the 1 hr. and 4 hr.?
  • #93
  • Jun 8, 2010 11:39am Jun 8, 2010 11:39am
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?
FreddyFx,

I just found out this Link for learning how to create an EA.
May be we both can learn

http://forums.babypips.com/forextown...eating-ea.html

http://sufx.core.t3-ism.net/ExpertAd...ic.php?p=57825
  • #94
  • Jun 8, 2010 11:57am Jun 8, 2010 11:57am
Guys, I send a PM to one guy on board who's creating EA's on the fly.

Hopefully he got some spare time and get interesting in this system.

Let's see.
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #95
  • Jun 8, 2010 12:22pm Jun 8, 2010 12:22pm
Hi ES Trader,

did you pay attention to the CCI value like I suggested yesterday?
  • #96
  • Jun 8, 2010 12:23pm Jun 8, 2010 12:23pm
Thanks Skyzerfx
  • #97
  • Jun 8, 2010 12:24pm Jun 8, 2010 12:24pm
Quoting fguru
Hi ES Trader,

did you pay attention to the CCI value like I suggested yesterday?
Yes,

When I back tested, CCI filter seem to either miss or delay the signal.
  • #98
  • Jun 8, 2010 12:54pm Jun 8, 2010 12:54pm
can i use this system on TF 5M?? and at pair EU....
  • #99
  • Jun 8, 2010 1:20pm Jun 8, 2010 1:20pm
what about RVI to confirm?
  • #100
  • Edited 3:53pm Jun 8, 2010 1:52pm | Edited 3:53pm
I created an EA using Expert Advisor Builder. I am going to try and see whether it works.This is the first time I ever created an EA. Hence PLEASE DO NOT USE it on Live account.

This may need some tinkering from experts here. Lets hope with everyones help here we can create a nice and profitable system

Here is the EA
Attached File(s)
File Type: ex4 YourExpertAdvisor bull bear.ex4   7 KB | 1,132 downloads
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