SkyStriker's System

So...I've tried 10 mln indicators and systems...
Some of them work,but they are just too complicated.
Now I have cut down all my indis to a few.
But as you can see it is as simple as possible.

Here is the template and the indis.

PS I am working on an EA.
If you can help to improve the system I will be glad to see your point.

http://www.forexfactory.com/attachme...1&d=1281537551

LONG Entry

1. Trend Envelopes arrow
2. Dinapoli Detrend Oscillator < 0.005
if Dinapoli Detrend Oscillator = 0.005 wait for a retrace to 0
when it hits the ~0 then open the order
3. Candle Open to Close < ~50pips

LONG Exit

1. New Trend Envelopes arrow
OR
2. Dinapoli Detrend Oscillator >= 0.005

SHORT Entry

1. Trend Envelopes arrow
2. Dinapoli Detrend Oscillator > -0.005
if Dinapoli Detrend Oscillator = -0.005 wait for a retrace to 0
when it hits the ~0 then open the order
3. Candle Open to Close < ~50pips

SHORT Exit

1. New Trend Envelopes arrow
OR
2. Dinapoli Detrend Oscillator <= -0.005

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So...You wait for a new arrow from Trend Envelopes and the Dinapoli Detrend to be < 0.005(long) and > -0.005(short)
IF the = 0.005/-0.005 wait for a retrace to 0 and when it hits the ~0 then open the order.
Candle have to be no more than ~50pips from Open to Close
I say ~50 because I think that every candle that is more than 50 pips is just too risky.

So you have two exit trade indicators a new trend envelopes arrow or dinapoli local extremum(0.005/-0.005)

AND YOU ALWAYS WAIT FOR THE CANDLE TO CLOSE WITH AN ARROW

The indicator "Sessions" is used to see the end of the EU or the end of the US session,because then is more likely for an extremum to appear.
Moving Average Dinamic Envelope give more info about the price extremum.

Nicee looking system Skystriker...ill take a shot at it and see how it goes!!

thanks for sharing.

what kind of results have you experienced so far dude?

I have around 500pips for the past 3-4 weeks.

I am testing right now in real time.

The system needs some filters or adjustments to keep me out from bad trades.
The system gives good results,but I want to cut the bad deals to minimum.

Here are some examples of bad signals.

I came across this site on youtube recently...helps in building EAs....having tried it but looks interesting:

http://www.molanis.com/home


Have you tried this system on different timeframes? I see the 1hr on your examples.....looks interesting...will check it out!

I have tried with a program like this,but it does not work properly.

Yes,I am using the 1H because the results are good,but sometimes the signal is just to late in the candle.
In 30 min there are just too many fake signals...and maybe if I tune the indicators just maybe it may work

The idea of the system is that every new trend wave have a low and everything lower than that low is just death wish.

So you catch a new trend and wait for the first exit signal.
Why to risk $100 in order to win $10.

before thinking program an EA
#1. your ea must know how to identify chart structure.
this is the core of all system

without CHART STRUCTURE , ALL EA FAILED,,

Hi SkyStriker,

Thanks for an interesting system. I had problems downloading to 5 digit charts, so I downloaded to 4. Works fine on 4. Should it work on the 5 digit charts?
Thanks.

pipsacker

Hi,yes it should work on a 5 digit broker.
You may have problem with an EA but most indicators dont have any problems.

I am in a trade right now +41 pips EUR/USD and it is not done yet
So try it and feedback

looks good if u can bring home some pips as u said but too much to look into(indicators). will test it next week

thanks for sharing ur idea

Hi SkyStriker,

I will give the 5 digit charts another try.
Do you use this system on any other pairs besides EUR/USD?
Thanks.

pipsacker

Give some feedback please

I have tried on GBP/USD but I dont like the results.

hi Sky,sorry as i said not much indicator ,i had to take off the session thing and added a filter RVI 10 (my prefrence)

i caught the trend late but i entered till in profit still trailing..pix above
are u trading today and what pair

well as am writing my 0.01 lot stpped out +1.well i could have exited but was just testing

stpped out again but the fact is that am trailing with 15points even @ that it went down to 2309 as i write

i gues this thread is ignored .happy trade guys

Hi webglobe,

This thread has been pretty quiet. I had 1 trade for 1 pip on EUR/USD H1. It looks like the stop/loss needs to be at least 50 pis.

pipsacker

Hi,I have been very busy in the last few days.
No,the thread is not ignored and I am testing very hard 16-19 hours/day.
I will see what the RVI can do for the system,I have problems with the exit too.

Good trend indicator