Another simple system | Page 23 | 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

  • #441
  • Jun 24, 2010 9:05pm Jun 24, 2010 9:05pm
thanks Fokusnik, i will demo trade these pairs
  • #442
  • Jun 24, 2010 9:44pm Jun 24, 2010 9:44pm
I have been using Parabolic SAR indicator as Stop Loss.
Is there an EA that will close the position when that Indicator is crossed by the price bar?
Attached Image (click to enlarge)
Click to Enlarge Name: bullbear parabolic.gif Size: 13 KB
  • #443
  • Jun 25, 2010 1:34am Jun 25, 2010 1:34am
Hi,
this is a version of 4BARS-MTF-BBH with Popup Alert.
I've also cleaned a bit a code now should be a bit faster, i hope
Please report me if everything works correctly

gspe
Attached File(s)
File Type: mq4 4BARS-MTF-BBH 1.06.mq4   13 KB | 582 downloads
  • #444
  • Jun 25, 2010 4:58am Jun 25, 2010 4:58am
Quoting gspe
Hi,
this is a version of 4BARS-MTF-BBH with Popup Alert.
I've also cleaned a bit a code now should be a bit faster, i hope
Please report me if everything works correctly

gspe
Will do. Thanks
  • #445
  • Jun 25, 2010 7:31am Jun 25, 2010 7:31am
Anyone trading GU with this strategy this morning? Went long at 8AM on 1hr and 4hr reversal. Out a few pips right now. We'll see how it goes...
  • #446
  • Edited 8:44am Jun 25, 2010 7:53am | Edited 8:44am
Quoting stevefx
Anyone trading GU with this strategy this morning? Went long at 8AM on 1hr and 4hr reversal. Out a few pips right now. We'll see how it goes...
Well out with half +28 pips, let the rest ride. Not bad. Couple of caveats. Bull Bear Helper repaints. In fact this move I got in on repainted, then repainted again back in my favor. Second, I turned down about 3 signals before I decided to take this one. Sometimes a pair will be stuck trying to break through S/R and it will give you a signal, etc... Definately will get you on the right side of a lot of trades, you just can't use it indiscriminatley. I don't know how it would do as an EA. Think I'll stick with it for a while and see how it develops. Thanks to the contributors of this thread.
  • #447
  • Jun 25, 2010 2:04pm Jun 25, 2010 2:04pm
Great thread, subscribed. Tried it last night during the asian session. Not a good result. Got stopped out -20. Nothings perfect in fx. I will keep researching. Thanks for all the efforts.
  • #448
  • Jun 25, 2010 9:05pm Jun 25, 2010 9:05pm
Just wanted to update on this position I took.. I got out on the other one at +20 pips, then reentered long on the 15 min signal with another two positions, which are both +82 right now. Overall I made +212 pips in one day with this trading the cable. We'll see what the weekend does to my open positions, but looks promising.
  • #449
  • Edited 8:17am Jun 26, 2010 6:08am | Edited 8:17am
Quoting stevefx
Just wanted to update on this position I took.. I got out on the other one at +20 pips, then reentered long on the 15 min signal with another two positions, which are both +82 right now. Overall I made +212 pips in one day with this trading the cable. We'll see what the weekend does to my open positions, but looks promising.
Good for you; I'm glad that you made money.

How come when I look back on the charts, using this MTF indicator, at the very best this system looks like it wins 50% of the time?

Has anyone done a historical analysis to ascertain what the win rate for this system is over a 1-2 year period?

This would be very helpful to decide if this system is viable long term.
  • #450
  • Edited 5:22pm Jun 26, 2010 1:05pm | Edited 5:22pm
ES thanks for great system like this also thanks all that have been contribution for one thing or the other.i read this trade all day now am down but TOO MUCH SAME INDICATOR POSTED.Plz ES count u please pose your template and most recent indicator so we start from there. I see Daminani indi in your chart ,SAR ......plz help some more
Thanks in advance
  • #451
  • Jun 27, 2010 5:03am Jun 27, 2010 5:03am
hello Es trader,

A great system indeed! Bears bulls are the right way to go trading. I must also say that this system also has some losing trades. But if you are clever and logical about your stop loss and money management, one will silently grow his account.

Cheers.
Holy Grails! Do exist with a proper forex plan
  • #452
  • Jun 29, 2010 12:14pm Jun 29, 2010 12:14pm
I've been working with the bull/bears system on various time frames just for fun. I've found, obviously, that it's much better for swing or position trading, but we already knew that. I've also added an EMA30 as a secondary indicator, which thus far has weeded out some false signals. I don't know much, being a novice, about many of the other indicators out there. I'm kind of a K.I.S.S. kinda guy!

Have we gotten any closer to an EA for this system? I would like to see the MA added, as I think it decreases some of the minor risk involved even further.

I'm going to play around with it and see what I can come up with.

All in all, GREAT STUFF!
  • #453
  • Jun 29, 2010 3:21pm Jun 29, 2010 3:21pm
gspe,

Please could you check the alert code, as it seems to alert only once then never again until it's reinitialized. I'm not proficient enough to see why this is from the code but if you could check I'd be very grateful.

Thanks,

^ Chris ^


Quoting gspe
Hi,
this is a version of 4BARS-MTF-BBH with Popup Alert.
I've also cleaned a bit a code now should be a bit faster, i hope
Please report me if everything works correctly

gspe
  • #454
  • Jul 1, 2010 2:15am Jul 1, 2010 2:15am
Quoting Fx Optimist
gspe,

Please could you check the alert code, as it seems to alert only once then never again until it's reinitialized. I'm not proficient enough to see why this is from the code but if you could check I'd be very grateful.

Thanks,

^ Chris ^
Hi,
try this version, should work now.
You can use the parameter MTF_Hi_to_Lo to choose the preferred display order from Hi to Low or from Low to Hi Time Frame.
Please let me know if it works correctly

gspe
Attached File(s)
File Type: mq4 4BARS-MTF-BBH 1.07.mq4   13 KB | 470 downloads
  • #455
  • Jul 1, 2010 2:50am Jul 1, 2010 2:50am
estrader looks like a good system. i will start trading on a demo. thanks for all your efforts, if i have any questions ill post them up here. im a noob to all of this hehe.
  • #456
  • Jul 1, 2010 3:16am Jul 1, 2010 3:16am
I was wondering what the diffrence is between your 4BARS_MTF_BBH and 4BARS_MTF_NLMA? When do you use which system and do they work well on particular currencies. Also do you have any current documentation on these systems. Many thanks.
  • #457
  • Jul 1, 2010 12:12pm Jul 1, 2010 12:12pm
Thanks gspe,

I'll load it up and try it.

^ Chris ^

Quoting gspe
Hi,
try this version, should work now.
You can use the parameter MTF_Hi_to_Lo to choose the preferred display order from Hi to Low or from Low to Hi Time Frame.
Please let me know if it works correctly

gspe
  • #458
  • Jul 2, 2010 12:00am Jul 2, 2010 12:00am
Quoting ES Trader
I have been working on another simple system, using just basically 2 indicators. Before I go any further, I found these indicators in Forex Factory(one of the best FX Forum) and credit completely goes to the person who creaed these indicators.

I am also looking someone here to help create an EA for this system.

Now for the system itself:

Open a chart of any currency pair (preferably GBPUSD since I seem to have had very good success with his pair), either 1hr or 4 hr chart.

Then put following Indicators. I have also attached the template....
in MT4 there are already standard bull and bear files.shoule we downloading yours here and replace them with standard ones or we just can use standard files already there?
thank you
  • #459
  • Jul 2, 2010 2:19am Jul 2, 2010 2:19am
gspe,

Unfortunately it still only seems to alert once then goes to sleep...

Thanks if you have time to have another look at the code.

^ Chris ^

Quoting gspe
Hi,
try this version, should work now.
You can use the parameter MTF_Hi_to_Lo to choose the preferred display order from Hi to Low or from Low to Hi Time Frame.
Please let me know if it works correctly

gspe
  • #460
  • Jul 2, 2010 6:29am Jul 2, 2010 6:29am
Quoting Fx Optimist
gspe,

Unfortunately it still only seems to alert once then goes to sleep...

Thanks if you have time to have another look at the code.

^ Chris ^
Hi,
try this and let me know if works

gspe
Attached File(s)
File Type: mq4 4BARS-MTF-BBH 1.08.mq4   13 KB | 631 downloads
1 trader viewing now