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Mr Blobby V2 Super Simple 1m strategy

  • #61
  • Aug 14, 2010 7:21am Aug 14, 2010 7:21am
Quoting pip_daddy
I haven't tested this but I would suggest one very simple filter to increase probability. Only buy when the daily bar is above it's open and only sell when it is below. That's it. Sounds too simple but usually the simpler ideas are the best. Daily should start at 6:00GMT which is the start of London. You can eliminate this time variable from your broker by looking at hourly and determining exactly which bar is the start of London market. That will give you daily opening price based on 6:00GMT.

This method works with a lot of other systems and...

Excellent point pip daddy..i use this as filter for other trading methods as well.
  • #62
  • Aug 17, 2010 3:34am Aug 17, 2010 3:34am
Quoting Roofx
Mr Blobby V2 Super Simple 1m strategy – by Roofx

[font=Calibri][size=3]I’m not an expert in trading and I have only been trading for just over a year. However, in this year I have devoted around 12 hours per day, every week day and most Sunday nights to trading. I was a member of a paid teaching service for the first 6 months and have traded a live account on and off over the year. In the first 6 months I put 16 hours a day into trading and studying and researching and have tried many many strategies as well...

what has been your results so far ?
  • #63
  • Aug 17, 2010 5:58am Aug 17, 2010 5:58am
Hey Roofx,
Thank you for your work at first!

I tried to use the Indicator from post #1 but i got problems with google chrome and Dreamweaver... maybe someone could copy the source text of the indicator in here that i'm able to ''create'' a new indicator into my mt4?

Can't download the file....

I'd be glad about !

Thank you Host for your ideas and thanks for the templates :-)

PhAnTi'
Hero calls followed by margin calls...
  • #64
  • Aug 20, 2010 7:01am Aug 20, 2010 7:01am
Quoting Fokusnik
Oliver, my current SL for GBPJPY 50 pips. But I'll probably change it, I think 35-40 pips would be enough.
Fok,
Is this stop for the H1?
  • #65
  • Aug 21, 2010 2:29am Aug 21, 2010 2:29am
Quoting voytek
please find enclosed EA. This EA is only for demo accounts and backtesting, and MUST NOT be used for live trading because:
1/ EA does not check and process errors when orders placing;
2/ has not been tested except a few backtests.


Open/close position signal are calculated only on opening of a new bar. Therfore there is a parameter "rescue_stop" (in pips) to protect capital in case of huge spikes that will not be visible for EA until bar has been accomplished.

There is a RSI filter active when set to "true". In this case if daily RSI(14)...
Thank you, Voytek. I will have this on for Monday.
  • #66
  • Aug 21, 2010 3:15am Aug 21, 2010 3:15am
just out of curiosity, why is it called mr blobby?
  • #67
  • Aug 21, 2010 9:27am Aug 21, 2010 9:27am
Quoting sanyhuis
Fok,
Is this stop for the H1?
Yes, it's for the H-1.
  • #68
  • Aug 21, 2010 9:58am Aug 21, 2010 9:58am
Quoting qwertymyfx
just out of curiosity, why is it called mr blobby?
Because the signal is a fat red or blue blob!
  • #69
  • Aug 21, 2010 10:09am Aug 21, 2010 10:09am
Quoting Fokusnik
Because the signal is a fat red or blue blob!
Exactly! And those of you in the UK may remember a very annoying BBC character called 'Mr Blobby'.
  • #70
  • Aug 24, 2010 5:37pm Aug 24, 2010 5:37pm
Guys, when you trade using my template on the H-1, please remember: not all signals are created equal!

Let's say you see the red blob on the H-1. Before you do anything else, go to the H-4 and take a look at the BBands. If at this moment it is red and it doesn't look like it's going to change, then the H-1 signal is good. But if H-4 is blue, you'd better be very careful: at this case the H-1 trend probably will end soon. At this case you'd better wait: if the H-4 changes to red and the H-1 is still red, then you go ahead, otherwise you'd better wait for another H-1 signal.

One more thing. I said before that the H-1 Bbands's very good for GBPJPY, now I would say: it's very good for GBPJPY and GBPUSD.
  • #71
  • Aug 24, 2010 7:16pm Aug 24, 2010 7:16pm
Quoting Fokusnik
Because the signal is a fat red or blue blob!

and I thought the guy who invented this system was named blobby.

Fok...are you having good luck with this system?



thanks,
jacob
  • #72
  • Aug 24, 2010 9:26pm Aug 24, 2010 9:26pm
Jacob, I'm very pleased with the GBPJPY's results during the last two weeks - it is so good that I even stopped counting pips (the total amount), because I don't want to become too excited.

On Monday I started testing GBPUSD, and it is as good as GBPJPY.

So I think I'll trade demo for two more weeks and then start trading my real account.
  • #73
  • Aug 24, 2010 9:54pm Aug 24, 2010 9:54pm
Quoting Fokusnik
Guys, when you trade using my template on the H-1, please remember: not all signals are created equal!

Let's say you see the red blob on the H-1. Before you do anything else, go to the H-4 and take a look at the BBands. If at this moment it is red and it doesn't look like it's going to change, then the H-1 signal is good. But if H-4 is blue, you'd better be very careful: at this case the H-1 trend probably will end soon. At this case you'd better wait: if the H-4 changes to red and the H-1 is still red, then you go ahead, otherwise you'd better...
On the other hand you can go against the H-4 and make 30-40-50 fast pips. If you see the H-1 blob and Heiken Ashi is growing, you can go ahead at this moment even against the H-4 and take your profit at the end of the hour or wait even longer, just watch Heiken Ashi all the time and when it becomes weaker - exit.
  • #74
  • Aug 25, 2010 3:12am Aug 25, 2010 3:12am
have you guys deviated from the original M1 and go to H1 or H4 now?

i am still testing this on the GBP M1 and there are many false signals.

Still trying to figure out how to filter the signals.

Any other suggestions here?
  • #75
  • Aug 25, 2010 8:27am Aug 25, 2010 8:27am
Quoting keikor
have you guys deviated from the original M1 and go to H1 or H4 now?

i am still testing this on the GBP M1 and there are many false signals.

Still trying to figure out how to filter the signals.

Any other suggestions here?

K...I think 1 hour is best. I do not like to trade against the trend. I am not experienced enough like Fok.

I suggest trade the one hour when the one hour deviates from the four hour then just wait...when it re-joins the four hour are the best trades...IMHO.


hope this helps
-Jacob
  • #76
  • Aug 25, 2010 9:00am Aug 25, 2010 9:00am
Quoting pip_daddy
I haven't tested this but I would suggest one very simple filter to increase probability....

When did London start opening at 0600 GMT?
  • #77
  • Aug 25, 2010 9:38am Aug 25, 2010 9:38am
For me it is 3:00 AM EST.

So as far as I understand it is 9:00 AM GMT
  • #78
  • Aug 25, 2010 9:41am Aug 25, 2010 9:41am
Yeah, loads of false signals on M1.

H1 or H4 may or may not produce better results.
  • #79
  • Aug 25, 2010 10:19am Aug 25, 2010 10:19am
Quoting witsnpips
Yeah, loads of false signals on M1.

H1 or H4 may or may not produce better results.

H1 and H4 do...but as with any trading system, be careful around news.
  • #80
  • Aug 25, 2010 10:31am Aug 25, 2010 10:31am
Quoting witsnpips
Yeah, loads of false signals on M1.

H1 or H4 may or may not produce better results.
H-1 produces much better results.

I've never tried H-4 yet. But as far as I understand with any trading system the bigger timeframe gives less false signals.
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