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just 1 More KISS

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  • #1
  • First Post: Edited May 6, 2012 12:38pm May 4, 2012 12:48pm | Edited May 6, 2012 12:38pm
Hi all,

I am one of the fan of Equity millipede Thread. I like his concept but i don't like any of his methods.
What is his concept -- allow your trades to grow.
What is his method -- methods for entries he teach in his thread.

So i had his concept in my mind and i started lurking over other threads to find a method that should suit my style.

What is my style -- Don't use brain. Don't waste time. Don't stare the screen.

Finally i found method that suits my style. It is not FF. It is in another forum. 1 more thing i didn't test that method yet

Now come the juicy part. Thanks for reading the above nonsense.

So the strategy comes here
1.Download the indicators and template attached. Put the files in appropriate directory in your mt4 folder.

2.Open 10, 20, 30.......... charts, whatever you like(No restrictions to amount of chart and no restriction to symbols).

3.Daily timeframe in all charts. Apply the template to all charts.

4.Only signals we are going to consider are green and yellow arrows.

5.We are going to follow these arrows blindly(Yes blindly).

6.Our trading time is opening time of the daily candle.

7.Open the terminal after 5 minutes of the daily candle opening time.

8.Look for the signal(green or yellow arrow) above or below the previous candle(new candle(today's candle) is current candle and yesterday's candle is previous candle).

9.If the signal is yellow for the previous candle,
Open 2 sell trades with stoploss at the previous candle high.
Use trailing stop of 25pips(you can use MPTM) for 1 sell trade.
Move the SL to breakeven and leave the another sell trade (equity millepede concept applied here).

10.Vice versa for green signal.

11.I am not here to justify this system. I just wanted to share. I like to contribute to the forum where i learned a lot. But believe me this is a rare indi which you get for free. Also don't ask any screenshot. There is nothing to explain with the screenshot.

12.Money Management and risk:reward are your wish. Enjoy

Thats all. Very simple system.
Am going to open a live account for the first time .
If you wish follow this with me from 7 may 2012 .

Don't expect any fast reply from me.I will open MT4 terminal at 5.30AM(candle open time in my country) and will close MT4 at 6. Then i will open my journal to update my trade. Then i will look at this thread.

English is not my mother tongue. So forgive me my language.

Update: Am using only BBand stop alert.mq4 indicator. You can insert only that into the chart but with deviation 2. It is 1 by default.
Attached File(s)
File Type: rar ananthhh.rar   89 KB | 1,121 downloads
  • #2
  • May 4, 2012 4:32pm May 4, 2012 4:32pm
Interesting! But do you need all those other (repainting) indicators if trading blindly BB Stop arrows?
  • #3
  • May 4, 2012 8:49pm May 4, 2012 8:49pm
Quoting Indrek
Interesting! But do you need all those other (repainting) indicators if trading blindly BB Stop arrows?
I have the same question; what is the the reason for all the other indis?

TF
  • #4
  • May 5, 2012 2:17am May 5, 2012 2:17am
Quoting TradeForexFx
I have the same question; what is the the reason for all the other indis?

TF
Thanks for the info that it is BB stop arrows
Answer for this question is very simple. I got this system in the internet with the same rules i posted here. I tested this system. Testing went good. For the first i feel satisfied in my forex career(less than 1 year ).
I added a equity millipede.
I like to share something to the forum where i learned a lot. So i started this thread.
I don't want to tweek or change anything. I don't want to research what is that what is this why it is working. I just got a system working. Am trading with that. Why i have to worry about other things. If you want you remove all others. Its all your wish. After all you need pips and money. There are lot of other good things where you can use your brain(just kidding).

Download --> open chart --> apply template --> look for arrows --> trade.

very simple. why i have to waste time to research why that indi, why this indi.

Cheers buddy
  • #5
  • May 5, 2012 2:38am May 5, 2012 2:38am
Quoting ananthhh
Thanks for the info that it is BB stop arrows
Answer for this question is very simple. I got this system in the internet with the same rules i posted here. I tested this system. Testing went good. For the first i feel satisfied in my forex career(less than 1 year ).
I added a equity millipede.
I like to share something to the forum where i learned a lot. So i started this thread.
I don't want to tweek or change anything. I don't want to research what is that what is this why it is working. I just got a system working. Am trading...
Hello Ananthhh,
could you explain a bit more about the MM that you apply to this system?
Thanks for sharing it!!


Ciao
Sabrina
  • #6
  • May 5, 2012 3:25am May 5, 2012 3:25am
Quoting sabrys5769
Hello Ananthhh,
could you explain a bit more about the MM that you apply to this system?
Thanks for sharing it!!


Ciao
Sabrina
Hey sabrys,

I told that its your wish. IMO this method will have good profitability(more than 75%). So you can risk based on this.

If the previous high is 100 pips from current price and if you like to risk 1% of your 1000$ account, then go for 0.01 lot.

If you are a newbie then go to babypips.com to learn more.

Happy trading buddy.
  • #7
  • May 5, 2012 5:15am May 5, 2012 5:15am
Quoting ananthhh
Hey sabrys,

I told that its your wish. IMO this method will have good profitability(more than 75%). So you can risk based on this.

If the previous high is 100 pips from current price and if you like to risk 1% of your 1000$ account, then go for 0.01 lot.

If you are a newbie then go to babypips.com to learn more.

Happy trading buddy.
Hi,

can you tell me what broker are you going to use? you said you open your terminal at 5:30am is that GMT?
  • #8
  • May 5, 2012 4:05pm May 5, 2012 4:05pm
Quoting migmac
Hi,

can you tell me what broker are you going to use? you said you open your terminal at 5:30am is that GMT?
Exness is my broker. 5.30AM is my local time. It is 00.00hrs GMT
  • #9
  • May 6, 2012 1:59am May 6, 2012 1:59am
Quoting ananthhh
I don't want to tweek or change anything. I don't want to research what is that what is this why it is working. I just got a system working. Am trading with that. Why i have to worry about other things. If you want you remove all others. Its all your wish.
I understand you very well. But in your first post you mentioned that you trade the green and yellow arrows blindly without overthinking about anything else. So, what I was asking is - do you still take into account other indicators, too? do they help you in filtering trades or you just have but absolutely ignore them?
  • #10
  • May 6, 2012 5:36am May 6, 2012 5:36am
Quoting Indrek
I understand you very well. But in your first post you mentioned that you trade the green and yellow arrows blindly without overthinking about anything else. So, what I was asking is - do you still take into account other indicators, too? do they help you in filtering trades or you just have but absolutely ignore them?
I will ignore all others. Actually i don't know which indicator in that template is used for displaying that arrows. But i got the answer here.
I also found that, there is a source code for that indi(its in .mq4 format). So am planning to write an EA based on that indi.

cheers Indrek.
  • #11
  • May 6, 2012 11:52am May 6, 2012 11:52am
When, if ever, do you plan to take profit on the millipedes? What is the longer term exit strategy?

Also, how long have you tested this to see that it is profitable? If it is like most simple trend systems, it will get killed in a choppy market.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #12
  • May 6, 2012 12:11pm May 6, 2012 12:11pm
Quoting thehenryfam
When, if ever, do you plan to take profit on the millipedes? What is the longer term exit strategy?

Also, how long have you tested this to see that it is profitable? If it is like most simple trend systems, it will get killed in a choppy market.

Scott
Hi Scott,

Good questions. But i don't have answers.
With proper money management, no one will get killed in forex market. I learned this from the traders here. No system will guarantee success in forex. No one can predict future.
If am risking only 1% in a trade, my account can withstand 100 losses. I won't risk more than that. I hope this system is not that worse. If am having 1 strong leg and other profits equalizing my losses(I hope it does), then my 1 strong leg is profit for me after all.
Also i don't have any long term exit strategy. If I need some money i will exit any of the leg i wish that's all.
IMHO don't take Forex very seriously if you are having a day-job. It should be just time pass. But make sure you stick to your rules(Or it will be a gambling).

I hope my opinion is opposite to most of you around here but its my attitude. I love to be like this. Just enjoy the moment the god gave you. After all our life itself is having only zero expectancy. Who knows i won't be there in this beautiful world to answer your question tomorrow. How come we can expect Forex to behave what we thought.
  • #13
  • May 6, 2012 12:50pm May 6, 2012 12:50pm
Once I had the pleasure to talk with a guy who works for big money. He said he's a system developer but i consider him as a trader.
He told me that no one will share any profitable system while it works.
Dispite of that i think that most os FF contributions can be considered as attempts to share info with a perspective of collect added info for build new thoughts.
I can live with that because this is the essence of investigation that improve common knowledge.
What bothers me is to read the same stupid questions about startegies winning rate, bla bla bla.

We can discuss merits of a startegy, of painting indis, ect.
But we can not have any ilusions: a perfect strategy is the one who fills our time need and respect our personality.
One don't care about statistics of a strategy, because that's one responsability to seek answer, not the strategy's builder.
Big boys seek information on many sources, even on FF. They do not buid their startegys according statistics figures written here. They calculate their statistics.
So, it's add stupid noise everytime someone ask about how profitable some startegy are, bla bla bla. It only contributes to add noise and do not help no one to improve knowledge in this business.
Unforunately i saw a lot of guys made this same appeal as i saw a lot of guys persist the same mistake. That's why i insist in this point. When we remove noise from this forum we build a good info library tha can be accessed anytime with no big effort. If we insist on make that kind of stupid questions we only add noise and dificult to this info collection.
  • #14
  • May 6, 2012 1:06pm May 6, 2012 1:06pm
Quoting onlyghost
Once I had the pleasure to talk with a guy who works for big money. He said he's a system developer but i consider him as a trader.
He told me that no one will share any profitable system while it works.
Dispite of that i think that most os FF contributions can be considered as attempts to share info with a perspective of collect added info for build new thoughts.
I can live with that because this is the essence of investigation that improve common knowledge.
What bothers me is to read the same stupid questions about startegies winning rate,...
Your post is great Mr.Ghost
Am at your side.
We are starting with zero, then we should pick one. Start building knowledge with the picked one. Start stacking your knowledge. At last we will be a good forex trader. This principle applies everywhere not just in forex market.
Instead lurking over the whole forum again and again, please pick something(very simple) and start working. we will automatically find what we need.
If we are looking for perfectly working strategy we won't find any as Mr.Ghost told, no one will post their working strategy.
Keep in my mind, it should be very simple. Only then you can stack your own finding over that. No human being is similar to others. So your uniqueness is important. Finally your uniqueness only going to pay. Take only advice from others. You build your system. (As usual this advice is not only for forex market but for all fields).
Reduce noise buddies.
If you don't like me calling you Mr.Ghost, am sorry.

Cheers
  • #15
  • May 6, 2012 1:19pm May 6, 2012 1:19pm
People ask the same stupid questions (how profitable the system is; what are your results with the system; have you backtested it etc) because they do not want to do the hard work. They imagine that someone will post a winning system and they just use it blindly and become rich.
In fact, learning to trade and being a trader is a very very lonely job. You can pick ideas and different pieces of the puzzle from different forums but finally you are alone with your charts and all decisions have to be made by you only.
Besides, whatever someone says or promotes in a public forum - you can never trust it if not having your own solid proof. You never know who is really a trader and who is just a demo trader or even working for big boys.
  • #16
  • May 6, 2012 1:27pm May 6, 2012 1:27pm
Quoting Indrek
People ask the same stupid questions (how profitable the system is; what are your results with the system; have you backtested it etc) because they do not want to do the hard work. They imagine that someone will post a winning system and they just use it blindly and become rich.
Hey Indrek,

Am also in that group once. But am lucky to get some good lessons in my life which teach me what to expect and what to search.
There is no shortcut or simple way to get to top.
If there is any, then this forum wont have 1000s of topics, since everyone will follow that simple way to reach the top.
We all should know the real fact that there is no such way which we can simply copy from others. We need our own.

My friends please, Build your own strategy which will work specially for you.

Cheers
  • #17
  • May 6, 2012 1:33pm May 6, 2012 1:33pm
Will be waiting for your trade examples next week. BB Stop 8,2 is a good one and I am very curious if and how it works on daily chart without additional filtering.


I am also interested in seeing the "millipede" method in action. I tried to read about it in the special thread but understood NOTHING.
  • #18
  • May 6, 2012 1:33pm May 6, 2012 1:33pm
This thread starts going in different direction.
Please ask some doubts in the strategy(Its very simple, so say some addons that would be helpful).
Poll says 1 person votes for not successful.
Please post your views with your votes.

Thanks and regards
ananthhh
  • #19
  • May 6, 2012 1:37pm May 6, 2012 1:37pm
Quoting Indrek
Will be waiting for your trade examples next week. BB Stop 8,2 is a good one and I am very curious if and how it works on daily chart without additional filtering.
Sure Indrek. But i am not sure i will woke up early morning. I will stick to rules but not with time. I will post my trades for sure when i took one. It might happen tomorrow or the next day or may be the next week
  • #20
  • May 6, 2012 1:39pm May 6, 2012 1:39pm
Quoting ananthhh
Sure Indrek. But i am not sure i will woke up early morning. I will stick to rules but not with time. I will post my trades for sure when i took one. It might happen tomorrow or the next day or may be the next week
What pairs will you monitor?
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