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Another simple system - Time-Frame 15

  • #161
  • Mar 12, 2012 3:01am Mar 12, 2012 3:01am
Hello loverevery1,

As price is below the 200ma on Eur/Usd we are only looking for shorts?
Only if the HA candle closes below the 10ma and then we need the green to cross the yellow on TDI
  • #162
  • Mar 12, 2012 4:28am Mar 12, 2012 4:28am
Hi All,

I’ve done a bit more work on converting this strategy into an EA using FX-Scanner and back tested it. Attached are the results for 1/1/2011 until now.



I put the basic settings for the strategy into FX-Scanner lite, which is FREE from their website fx-scanner.com and got the top set of results. I’ve since tried the Pro version which has many more options for different indicators. I trialled various indicators and found that adding CCI as a trade entry requirement improved the results significantly (bottom results). I used a period of 8 and a minimum of 30. The CCI needs to be greater than 30 before going long and less that -30 before going short.


I summarised the TDI indicator into another indicator I’ve attached TDIConfirm.mq4. Based on the EASY system it simply results in the RSI Line minus the yellow line when RSI > 50 and RSI > TSL (Long position). This gives in a positive result indicating a Buy and negative a sell. This makes it easier to work with FX-Scanner. I’ve also attached the simplelite.set and simplepro.set files that you can load into FX-Scanner Lite or Pro and try it yourself. Ensure you have the “TDI RED GREEN.mq4” and my “TDIConfirm.mq4” installed


I've started using the Pro version of the EA live. I see lots of opportunity to further develop this strategy; I have not even tried it on anything other than EURUSD. I’ll let you know how I go.


Cheers
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: simple.jpg Size: 80 KB
Attached File(s)
File Type: zip simple2.zip   60 KB | 2,265 downloads
  • #163
  • Mar 12, 2012 4:34am Mar 12, 2012 4:34am
Hey loveevery1, could you take a look at the chart below and give some idea where your entry would have been if you were buying this pair,

Thanks,

Ian
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 36 KB
Island hopping throughout the Caribbean
  • #164
  • Mar 12, 2012 4:53am Mar 12, 2012 4:53am
Quoting telecaster
Hi All,

I’ve done a bit more work on converting this strategy into an EA using FX-Scanner and back tested it. Attached are the results for 1/1/2011 until now.



I put the basic settings for the strategy into FX-Scanner lite, which is FREE from their website fx-scanner.com and got the top set of results. I’ve since tried the Pro version which has many more options for different indicators. I trialled various indicators and found that adding CCI as a trade entry requirement improved the results significantly (bottom results). I used a period...

Thanks for sharing.

  • #165
  • Mar 12, 2012 5:10am Mar 12, 2012 5:10am
Quoting dumplin_eater
Hey loveevery1, could you take a look at the chart below and give some idea where your entry would have been if you were buying this pair,

Thanks,

Ian
hi dumplin...welcome to the thread..even though i dont trade this pair.i will stil comment.the actual entry shud have been on the starting of the second white candle.but if you ask me i wudnt have taken it.coz

The first white candle did not close above the 200ema. what might happen is the price could have bounced off that level very easily.the second white candle closed above the 200ema..but the size of the candle is too large and it was very close to the RN. so to me this is not a good setup..but if you had risked you wud have still made +30 pips..but this is not an ideal entry according to me for someone who are new to this system..these setups are for persons who are trading this method for a while. why risk hard earned money....patience pays mate..just wait..yo u will be rewarded.

may this will be a good trade it might even go up for another 50 pips but we dont know.this time it worked not always..ask me if u still wanna know something
Let all the living things live blissfully
  • #166
  • Mar 12, 2012 5:11am Mar 12, 2012 5:11am
Quoting telecaster
Hi All,

I’ve done a bit more work on converting this strategy into an EA using FX-Scanner and back tested it. Attached are the results for 1/1/2011 until now.



I put the basic settings for the strategy into FX-Scanner lite, which is FREE from their website fx-scanner.com and got the top set of results. I’ve since tried the Pro version which has many more options for different indicators. I trialled various indicators and found that adding CCI as a trade entry requirement improved the results significantly (bottom results)....

hi peter.

This is incredible result.thanks for posting.ppl try and post ur results we shall review..
Let all the living things live blissfully
  • #167
  • Mar 12, 2012 5:16am Mar 12, 2012 5:16am
Quoting Alpiberi
Hello loverevery1,

As price is below the 200ma on Eur/Usd we are only looking for shorts?
Only if the HA candle closes below the 10ma and then we need the green to cross the yellow on TDI
if the price is below the 200ema we look only for shorts..correct.and then the cross of the green on red below the yellow
Let all the living things live blissfully
  • #168
  • Mar 12, 2012 5:18am Mar 12, 2012 5:18am
what is going on with EU and Gu ....they just wont move..
Let all the living things live blissfully
  • #169
  • Mar 12, 2012 5:45am Mar 12, 2012 5:45am
Hi All,

I've had a few requests for the EA I'm using which I discussed above. Just to clarify, I didn't write the EA, I used FX-Scanner from fx-scanner.com which is an EA ( FREE for the lite version ) where you can configure your own strategy based on indicator results.

Once you have FX-Scanner installed and running with the TDI indicators also installed you simply load the .set file in my previous attachment into FX-Scanner - thats it.

Cheers
Peter
  • #170
  • Mar 12, 2012 6:01am Mar 12, 2012 6:01am
Quoting loveevery1
hi dumplin...welcome to the thread..even though i dont trade this pair.i will stil comment.the actual entry shud have been on the starting of the second white candle.but if you ask me i wudnt have taken it.coz

The first white candle did not close above the 200ema. what might happen is the price could have bounced off that level very easily.the second white candle closed above the 200ema..but the size of the candle is too large and it was very close to the RN. so to me this is not a good setup..but if you had risked you wud have still made +30...
Loveevery1, Thanks for the quick reply. I see what you mean about this not being an A trade. Could you take a look at the chart below of the GBP/USD and tell me what you think. My thinking is I would enter at the close of the 10:00 AM bar. Would that be a good entry?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 32 KB
Island hopping throughout the Caribbean
  • #171
  • Mar 12, 2012 6:25am Mar 12, 2012 6:25am
My TDI look a bit different to yours dumpling but I see this as a sell if I understand the rules correctly, price below the 200 ema so only looking for shorts when the HA closes below the 10ema and green crosses red and yellow.

Yellow was pointing up though.
Attached Image (click to enlarge)
Click to Enlarge Name: gu m15.gif Size: 18 KB
  • #172
  • Mar 12, 2012 7:19am Mar 12, 2012 7:19am
did any one take the Gu trade..? missed it
Let all the living things live blissfully
  • #173
  • Mar 12, 2012 7:25am Mar 12, 2012 7:25am
Quoting dumplin_eater
Loveevery1, Thanks for the quick reply. I see what you mean about this not being an A trade. Could you take a look at the chart below of the GBP/USD and tell me what you think. My thinking is I would enter at the close of the 10:00 AM bar. Would that be a good entry?

hi dumplin////


you spotted it right..i have marked the entries.if you had entered at the right marked .this is what i call bounce entry.you simply wuid have made 35 pips now..unfortunately i wasnt at my desk to trade that..i miss it..
Attached Image (click to enlarge)
Click to Enlarge Name: set.gif Size: 16 KB
Let all the living things live blissfully
  • #174
  • Mar 12, 2012 7:29am Mar 12, 2012 7:29am
Guys this sytem works..the only thing is patience..just monitor 2 pairs and thats all we need.i have been posting the trades i have been taking.and i have missed.just see it yourself..learn and practice it.

I did not have patience today.i left my computer and was chatting with my cousin..poor guy broke his hand while praying football.god bless him.
Let all the living things live blissfully
  • #175
  • Mar 12, 2012 7:45am Mar 12, 2012 7:45am
NEW things..NEW car...NEW wife...NEW NEW NEW NEW

we are attracted to all the NEW things that we see in this world.we like them on the first day...second day we dont handle them we just see ..third day we dont see it...foruth day we get irritated with it...philosophy of life..

coming to the point..when a newbie sees a system..he feels that this is the strategy that he has been waiting for all this life. he is fully attracted to it on the first day and eventually he gets tired of it and even without experimenting it fully..he moves on to another NEW system posted in forex factory or any other forum.these newbies will take ages to learn forex or they might learn at all..this is what i have learnt in my life and in this industry

guys just focus and practice practice and practic...you will be on top i assure you that..it will take atleast 2-3 months for newbies to see these trades happening....just watch closely when yo backtest..good luck
Let all the living things live blissfully
  • #176
  • Mar 12, 2012 7:53am Mar 12, 2012 7:53am
Quoting loveevery1
hi dumplin////


you spotted it right..i have marked the entries.if you had entered at the right marked .this is what i call bounce entry.you simply wuid have made 35 pips now..unfortunately i wasnt at my desk to trade that..i miss it..
Yeah I got in and made quite a few pips, i'm watching the EUR/USD now, hoping it will close below 1.3100
Island hopping throughout the Caribbean
  • #177
  • Mar 12, 2012 8:01am Mar 12, 2012 8:01am
Any good?

EU 15M, price below the 200ma, HA bar closed below the 10ma, green and red crossed yellow.
Attached Image (click to enlarge)
Click to Enlarge Name: eu m15.gif Size: 25 KB
  • #178
  • Mar 12, 2012 8:07am Mar 12, 2012 8:07am
Hi Loveevery1,on the last chart you posted I dont understand why you would have took that trade,i thought the red and green lines had to cross below the yellow to be a valid trade can you please explain Thanks
Making money is easy,losing money is easier
  • #179
  • Mar 12, 2012 8:21am Mar 12, 2012 8:21am
Quoting Stompe
Hi Loveevery1,on the last chart you posted I dont understand why you would have took that trade,i thought the red and green lines had to cross below the yellow to be a valid trade can you please explain Thanks
this is called a bounce trade..this happens if the momentum is more..just go back few charts and look for the exact entry you will see few..mainly on higher TF.
Let all the living things live blissfully
  • #180
  • Mar 12, 2012 8:22am Mar 12, 2012 8:22am
Quoting Alpiberi
Any good?

EU 15M, price below the 200ma, HA bar closed below the 10ma, green and red crossed yellow.
RN right below did u see that?..no big movement in EU today..,mate..
Let all the living things live blissfully
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