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A "new" simple system based on MA

  • #321
  • Jun 9, 2011 8:20am Jun 9, 2011 8:20am
Hello rajandaas, welcome to this great system.

Sometimes Hmaoui is too busy and can't answer so I will try to help you meanwhile:

What are Guppy MAs? The Guppy MA's are Exponetial Moving Average. Also you should include 60 EMA because is a good support/resistance line.

What is ST and LT? ST = Short Term and LT = Long Term

I attached my template for mt4 in case you need it.

Regards,
Dragon
Attached File(s)
File Type: tpl ff.tpl   13 KB | 595 downloads
  • #322
  • Jun 9, 2011 8:34am Jun 9, 2011 8:34am
Quoting rajandaas
Hi hmaoui,

I am very new to forex trading. So I am not very familiar with the abbreviations you have used. What are Guppy MAs? Simple moving average or exponential moving average? What is ST and LT?
Would appreciate your reply. Your post looks interesting. I am trying to work out a trading system that suits my personality. I realize I cannot trade long term. Does not suit my personality.
Thanks and wish you success.
I recoomend for you a good scalping strategy and dont thinkk of the wins the system make, think of reducing/cutting the losses and increasing your wins..thats the way you are gonna suucced...dont let your emotions ruin your account..dont over trade , stay organised and in the previous post ur question have been answered..i just gave a piece of advice to you
and regarding this system>>>i will spend next trading week on this on 4 pairs..i will post any problems i face

happy pipping and goodluck
I am the one and only profitable forex trader, but not the only one
  • #323
  • Jun 10, 2011 1:19am Jun 10, 2011 1:19am
Hello !

ST = Short Term LT = Long Term.

If you want to know more about guppy moving averages, google it you will find lots of information. Also in this forum you can look for Guppy.

Quoting rajandaas
Hi hmaoui,

I am very new to forex trading. So I am not very familiar with the abbreviations you have used. What are Guppy MAs? Simple moving average or exponential moving average? What is ST and LT?
Would appreciate your reply. Your post looks interesting. I am trying to work out a trading system that suits my personality. I realize I cannot trade long term. Does not suit my personality.
Thanks and wish you success.
  • #324
  • Jun 10, 2011 1:20am Jun 10, 2011 1:20am
Hi !

Does it mean you trade without any Stop loss ?

Quoting magft
I was getting the same Ordersend errors so i have now added a new library that LibOrderReliable by Matthew Kennel and others that helps trades execute with no issues.

This means you need to put EA in expert directory, LibOrderReliable.mqh in the expert/include directory and LibOrderReliable.mq4 in expert/libraries directory.

The current default setting work well for EU M1 over last month in backtesting, if you add stoploss it makes a loss overall.

Try it and let me know if the entries/exits are correct.

Mike
  • #325
  • Jun 10, 2011 1:44am Jun 10, 2011 1:44am
Quoting hmaoui
Hi !

Does it mean you trade without any Stop loss ?
In backtesting it should better profits if no SL set in EA. However i do think this is only wise if you are sure the entries are "perfect" ones. Currently my account is up 34% but i have a trade that has turned now and i am in DD of 50%! So I think there is still some work to be done on this as your system manually makes good profits overall. So if you could try the EA with the settings you think should be set and compare the trades it takes to ones you would take we should be able to iron out the bugs and make this a winner (well most of the time).

Mike
  • #326
  • Jun 10, 2011 3:17pm Jun 10, 2011 3:17pm
I have been following this thread for several weeks now and have found it to be very effective if I follow the rules, Thank You.
I have also tried to use the CCI indicators posted #204 but I must be not understanding something as I can't get consistant results. Is anyone using the CCI indicators and improving their results over the original system.
Again Thank You for posting this system
Frank
  • #327
  • Jun 11, 2011 11:05am Jun 11, 2011 11:05am
I will try

Quoting magft
In backtesting it should better profits if no SL set in EA. However i do think this is only wise if you are sure the entries are "perfect" ones. Currently my account is up 34% but i have a trade that has turned now and i am in DD of 50%! So I think there is still some work to be done on this as your system manually makes good profits overall. So if you could try the EA with the settings you think should be set and compare the trades it takes to ones you would take we should be able to iron out the bugs and make this a winner (well most of the...
  • #328
  • Jun 11, 2011 3:28pm Jun 11, 2011 3:28pm
Quoting magft
In backtesting it should better profits if no SL set in EA. However i do think this is only wise if you are sure the entries are "perfect" ones. Currently my account is up 34% but i have a trade that has turned now and i am in DD of 50%! So I think there is still some work to be done on this as your system manually makes good profits overall. So if you could try the EA with the settings you think should be set and compare the trades it takes to ones you would take we should be able to iron out the bugs and make this a winner (well most of the...
Mike.

I have loaded the EA on a brand new testing platform.
OOTB has MM activated, so to have all correctly and being able to trade 0.01 lot, that needs to be switched to FALSE then.

Also loaded the TPL a few posts back, this way I have a nice clear vision on what will happen.

Now to wait for the next trading week.
  • #329
  • Jun 12, 2011 4:34pm Jun 12, 2011 4:34pm
Quoting magft
I was getting the same Ordersend errors so i have now added a new library that LibOrderReliable by Matthew Kennel and others that helps trades execute with no issues.

This means you need to put EA in expert directory, LibOrderReliable.mqh in the expert/include directory and LibOrderReliable.mq4 in expert/libraries directory.

The current default setting work well for EU M1 over last month in backtesting, if you add stoploss it makes a loss overall.

Try it and let me know if the entries/exits are correct.

Mike
Hi Mike,
sorry for the late reply
I have tested your last EA from 1jan2006 on but again, without money management (SL first of all), the strategy performs very well until it looses everything with one big loss. I have attached the results.
I don’t know how to fix SL and PT in metatrader. I have tried to modify numbers, SL, trailing stoploss.. on your file but it doesn’t work…
For example I would like to fix a money management rule like this:
-SL = 7 pips (=200E)
-PT = 12 pips
-Max loss for each open position = 200E (you start with 10000E)
-Holdingperiod = 15 minutes
Could someone help me?
Thanks a lot

....I cannot attach the result "file exceeds your quota"
  • #330
  • Jun 14, 2011 5:36pm Jun 14, 2011 5:36pm
Any updates on the EA from Mike?

Still running the last version posted, no losses, but very little money made so far.
I am talking about a $500 demo, now at $509.06 with an open trade of $ 2.82

Does not seem to hedge anything.
  • #331
  • Jun 16, 2011 2:12am Jun 16, 2011 2:12am
Trend was clear and strong enough to jump in with very low risk !!! Means money !!!
Attached Image (click to enlarge)
Click to Enlarge Name: chart23.jpg Size: 341 KB
  • #332
  • Jun 16, 2011 2:59am Jun 16, 2011 2:59am
Quoting hmaoui
Trend was clear and strong enough to jump in with very low risk !!! Means money !!!
Hi,

It was a very profitable day for me too. Traded Fibre and EUR/YEN using your method. Thanks and wish you more profits.
  • #333
  • Jun 20, 2011 5:45am Jun 20, 2011 5:45am
Hello ! Here is a good setup and a good trade I took. I forgot the DMI but it was green on my FXPro demo account. I jumped in with 7 pips SL and a target at 1.4250 which is a round number so a potential resistance. I took 20 pips with 7 pips risked ! Nice R/R ratio !!! Guys, follow the rules, wait for the perfect setup, you will make money.
  • #334
  • Jun 20, 2011 5:46am Jun 20, 2011 5:46am
I forgot the chart....

Quoting hmaoui
Hello ! Here is a good setup and a good trade I took. I forgot the DMI but it was green on my FXPro demo account. I jumped in with 7 pips SL and a target at 1.4250 which is a round number so a potential resistance. I took 20 pips with 7 pips risked ! Nice R/R ratio !!! Guys, follow the rules, wait for the perfect setup, you will make money.
Attached Image (click to enlarge)
Click to Enlarge Name: chart24.jpg Size: 320 KB
  • #335
  • Jun 20, 2011 9:44pm Jun 20, 2011 9:44pm
Quoting hmaoui
I forgot the chart....
Q: Why do you not trade these examples? Explain please, can I sell these trades?
  • #336
  • Jun 20, 2011 9:46pm Jun 20, 2011 9:46pm
Quoting Terakot77
Q: Why do you not trade these examples? Explain please, can I sell these trades?
Q: Why do you not trade these examples? Explain please, can I sell these trades?
Attached Image
  • #337
  • Jun 21, 2011 12:21am Jun 21, 2011 12:21am
i running from may 31 until now with 1k balance on demo mini acc.

ootb setting

already profit usd600
  • #338
  • Jun 22, 2011 3:46am Jun 22, 2011 3:46am
thanks hmaoui for share that System, I trade M1 also and it is near to your System.

Now I open your template and scan today only the euro and make that first trade.

I like to have a 8pips SL and 13 pips TP normal, but let it run is PA move good.

but also out at that Trade too early but is ok I make my $$ for the day.

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-2011.06.22-12.36-M5.gif Size: 31 KB
  • #339
  • Jun 22, 2011 6:05am Jun 22, 2011 6:05am
Quoting punisher
thanks hmaoui for share that System, I trade M1 also and it is near to your System.

Now I open your template and scan today only the euro and make that first trade.

I like to have a 8pips SL and 13 pips TP normal, but let it run is PA move good.

but also out at that Trade too early but is ok I make my $$ for the day.

cheers

Please share indicator DMI for MT4
  • #340
  • Jun 22, 2011 8:13am Jun 22, 2011 8:13am
here you go

cheers

Quoting Terakot77
Please share indicator DMI for MT4
Attached File(s)
File Type: mq4 DMI.mq4   7 KB | 552 downloads
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