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The KISS Trading System for EU M5

  • #1
  • First Post: Edited Aug 15, 2012 9:30pm Sep 14, 2011 9:15am | Edited Aug 15, 2012 9:30pm
The KISS Trading System

Keep It Simple, Stupid. Forget all the technical analysis and all the indicators. Below is the trading rules for all Major Pairs.

For long position
1. Last two bar must be green, i.e. close greater than open.
2. Close[1] > Close[2]
3. Last two Candle body must be no less than 4 pips long.
4. Close all short positions regardless profit or loss
5. When no long positions exist, open long position at the open of the new bar.
6. Stoploss 20 pips and take profit 10 pips.


For short position
1. Last two bar must be red, i.e. close lower than open.
2. Close[1] < Close[2].
3. Last two Candle body must be no less than 4 pips long.
4. Close all long positions regardless profit or loss.
5. When no short positions exist. open short position at the open of the new bar.
6. Stoploss 20 pips and take profit 10 pips.


Update: Version 3
1. 60 LWMA has beed added. To go long, Close[1] must be above 60 LWMA. To go short, Close[1] must be below 60 LWMA.
2. Bot will double your lot. It will close half lot when initial target hit and start trailing by move SL to last candle open or low.
Attached File(s)
File Type: mq4 KISS-V3.mq4   42 KB | 3,903 downloads | Uploaded Oct 2, 2011 11:41pm
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  • #2
  • Sep 14, 2011 10:30am Sep 14, 2011 10:30am
Are you using this system live or just testing ? If using , then for how long and how is results ?
  • #3
  • Sep 14, 2011 11:14am Sep 14, 2011 11:14am
Quoting xlitang
The KISS Trading System

Keep It Simple, Stupid. Forget all the technical analysis and all the indicators. Below is the trading rules for EU M5.

For long position
1. Last two bar must be green, i.e. close greater than open.
2. Close[1] > Close[2]
3. Last two Candle body must be no less than 8 pips long.
4. Close all short positions regardless profit or loss
5. When no long positions exist, open long position at the open of the new bar.
6. Stoploss 10 pips and take profit 15 pips.

For short position
1. Last two bar must be red, i.e. close...
I'll check as soon as I get home.

However, any results already?

Best Regards,

Gonso
  • #4
  • Sep 14, 2011 1:09pm Sep 14, 2011 1:09pm
hi,

how about trading only in the direction of the trend? this would increase the chances wouldnt it?
  • #5
  • Sep 14, 2011 3:56pm Sep 14, 2011 3:56pm
This is a very short term scalper. We predict the short future trend on last two bars and assume it will continue in that direction short or long.

I am still testing on a demo account and so far is very promising. I will post some results by Friday.
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  • #6
  • Sep 14, 2011 11:19pm Sep 14, 2011 11:19pm
plz enlighten me...my english is bad and i really cant put your post in to my understanding.

you said for long position
1.Last two bar must be green, i.e. close greater than open. [which open did you mean and if you said 'i.e' its mean dont have to be close greater.unless you said 'must']
2.Close[1] > Close[2] ---> you just said .Last two bar must be green but if Close[1] > Close[2] its mean one green one red for me
4.Close all short positions regardless profit or loss--->its long position so why close short
again my english really bad and thats my understanding from the rule you post.
will be better if you post chart
ty
Don't mind me.. i'm crazy
  • #7
  • Sep 15, 2011 4:44am Sep 15, 2011 4:44am
Hello

have you an indicator wich display, in text, the size of the active bar, and previous bar, the color of the text could show the direction ?...

thank u
No more Fight, the victory has come...
  • #8
  • Sep 15, 2011 7:27am Sep 15, 2011 7:27am
Long... Close 1>close 2..... You are safe?

Thanks
  • #9
  • Sep 15, 2011 7:46am Sep 15, 2011 7:46am
I do not speak much English, perhaps I am wrong

THANKS
Attached Image (click to enlarge)
Click to Enlarge Name: e-usd m5..-.-.gif Size: 28 KB
  • #10
  • Sep 15, 2011 7:56am Sep 15, 2011 7:56am
I believe in coding language, Close one is most recent bar and Close 2 is 2 bars back. hope that helps and makes sense.
  • #11
  • Sep 15, 2011 8:39am Sep 15, 2011 8:39am
Quoting stifland
I believe in coding language, Close one is most recent bar and Close 2 is 2 bars back. hope that helps and makes sense.
You are exactly right. That is language MT4 uses. It counts backward, current bar is 0, last bar is 1, second last is 2, and so forth.
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  • #12
  • Sep 15, 2011 9:12am Sep 15, 2011 9:12am
50/50 in 30 mins! the winner didnt including the spread.
Attached Image (click to enlarge)
Click to Enlarge Name: new.gif Size: 18 KB
  • #13
  • Edited 11:12pm Sep 15, 2011 12:12pm | Edited 11:12pm
After some extensive testing. I modified this system which is updated in post 1. Since last night all winners and not loss so far. I developed an EA for this system which will open two positions with TP 10 pips and 20 pips. no stop loss. I tested on all major pairs.

I have a bug on my EA. It only opened long positions. Otherwise it would have a lot short winners.
Attached Image (click to enlarge)
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  • #14
  • Sep 15, 2011 1:27pm Sep 15, 2011 1:27pm
Hi xlitang,

Would you please give a more detailed explanation of rule #5?
Thanks.

pipsacker
  • #15
  • Sep 15, 2011 2:01pm Sep 15, 2011 2:01pm
Quoting xlitang
The KISS Trading System

Keep It Simple, Stupid. Forget all the technical analysis and all the indicators. Below is the trading rules for EU M5.

For long position
1. Last two bar must be green, i.e. close greater than open.
2. Close[1] > Close[2]
3. Last two Candle body must be no less than 4 pips long.
4. Close all short positions regardless profit or loss
5. When no long positions exist, open long position at the open of the new bar.
6. Stoploss 0 pips and take profit 10 pips.


For short position
1. Last two bar must be red,...
Hello xlitang, thanks for sharing your strategy. Am a little bit confuse about rule no 4, you said in rule number "4 that we should close all short position regardless of profit or loss". If i may ask why? And since we are not using SL what should be our exit strategy?

Thanks
No Risk No Reward
  • #16
  • Sep 15, 2011 2:34pm Sep 15, 2011 2:34pm
Quoting pipsacker
Hi xlitang,

Would you please give a more detailed explanation of rule #5?
Thanks.

pipsacker
When we already have a long position opened, we do not want to add more long position even though it is a long setup.
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  • #17
  • Sep 15, 2011 2:36pm Sep 15, 2011 2:36pm
If market tell us to go long, and we have short positions opened. So we need to close them and open long position.
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  • #18
  • Sep 15, 2011 2:42pm Sep 15, 2011 2:42pm
Quoting xlitang
If market tell us to go long, and we have short positions opened. So we need to close them and open long position.
If you are in a short trade and you make a profit can you go short again in the same direction, at lower prices, or do you just wait for your next buy?
  • #19
  • Sep 15, 2011 3:11pm Sep 15, 2011 3:11pm
I would let the existing short position run instead of risk more capital by opening more positions.
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  • #20
  • Sep 15, 2011 4:01pm Sep 15, 2011 4:01pm
Where is the EA ?
No more Fight, the victory has come...
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