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The7 Trading System

  • #61
  • Sep 30, 2012 9:34am Sep 30, 2012 9:34am
You dont have to enter every single signal. Be creative. Watch other factors like support and resistance levels for confirmation. Watch the wick size if you like.
  • #62
  • Sep 30, 2012 9:41am Sep 30, 2012 9:41am
Quoting Faramirsen
Hey everybody - looks interesting - I am currently trading a 10 EMA Day system - however in ranging periods its really hard.

My question:

Do you exit as soon has the price closes out of the 5 EMA (high or low) at the opposite direction of your trade?

So lets say:
You entered short - do you exit the trade as soon as price closes above 5 EMA High?

I have few buddies who like to exit when the price touches the other side of the channel, not me..I always like to ride...It is up to you.
  • #63
  • Sep 30, 2012 9:49am Sep 30, 2012 9:49am
If this is not beautiful, I dont know what is...
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  • #64
  • Sep 30, 2012 9:55am Sep 30, 2012 9:55am
Quoting The7
I have few buddies who like to exit when the price touches the other side of the channel, not me..I always like to ride...It is up to you.
Well, better let it not be up to what you "like". Better use the method that gets you more profit.

Candle may touch -> 255% annual profit
Candle must not touch -> 212% annual profit
  • #65
  • Sep 30, 2012 10:21am Sep 30, 2012 10:21am
Quoting fxforever
. Stop Loss is high/low from last candle.

Lets start rolling...
hi THE7!Hello THE7! What do you mean " last candle '' for SL? It is an signal candle, which was closed in the channel, or a candle by it previous? Thanks.[/quote]


THE7, thank you a lot for sharing your system. Good work.
Could you clarify the question above. Thank you!

  • #66
  • Sep 30, 2012 10:39am Sep 30, 2012 10:39am
Quoting jcl365
Well, better let it not be up to what you "like". Better use the method that gets you more profit.

Candle may touch -> 255% annual profit
Candle must not touch -> 212% annual profit
In the past. Tweaking the parameters for best performance in the past too much almost ensures worse performance in the future. Make a little experiment - select any system you like and optimize it on a reasonably large period of historical data in order to get the best possible result. Then select another reasonably large period and run a test with the optimized settings. I'd be very surprised if you get the same results.
That said, ever thought that maybe being up to what you like is the method that gets you more profit?
  • #67
  • Sep 30, 2012 10:48am Sep 30, 2012 10:48am
This is interesting..... Looking at a weekly using the 5ema H/L looks AMAZING. Can someone run a backtest on the EA using a weekly chart? This might have some legs...
  • #68
  • Sep 30, 2012 10:49am Sep 30, 2012 10:49am
Quoting tmoney5474
This is interesting..... Looking at a weekly using the 5ema H/L looks AMAZING. Can someone run a backtest on the EA using a weekly chart? This might have some legs...
This might work really well in equities also.... Intersted to see the backtest results using the weekly with the same rules.

Hopefully someone better at coding, EA's, etc. then me can figure out how to run that test.

Thanks
  • #69
  • Sep 30, 2012 11:09am Sep 30, 2012 11:09am
very nicely done
cheers
  • #70
  • Edited 11:27am Sep 30, 2012 11:10am | Edited 11:27am
Quoting Barbossa
In the past. Tweaking the parameters for best performance in the past too much almost ensures worse performance in the future. Make a little experiment - select any system you like and optimize it on a reasonably large period of historical data in order to get the best possible result. Then select another reasonably large period and run a test with the optimized settings. I'd be very surprised if you get the same results.
That said, ever thought that maybe being up to what you like is the method that gets you more profit?...
That's right, but the results are not "in the past". They are from a walk forward analysis. Otherwise they would be rather meaningless.

The Walk Forward Optimization method I'm using is explained here: http://zorro-trader.com/manual/en/training.htm
  • #71
  • Sep 30, 2012 11:57am Sep 30, 2012 11:57am
Quoting tmoney5474
This is interesting..... Looking at a weekly using the 5ema H/L looks AMAZING. Can someone run a backtest on the EA using a weekly chart? This might have some legs...
The system loses about 900 pips/year on weekly bars with the 3 tested assets.
  • #72
  • Sep 30, 2012 12:08pm Sep 30, 2012 12:08pm
Quoting The7
If this is not beautiful, I dont know what is...
Have to agree. I've been running through my charts and nzdusd seems to be one of the best for the system. Ready to go short on this one.

Rob
  • #73
  • Sep 30, 2012 12:34pm Sep 30, 2012 12:34pm
Quoting ChicagoRob
Have to agree. I've been running through my charts and nzdusd seems to be one of the best for the system. Ready to go short on this one.

Rob
Yep short it is NU is already very high and the trend is shifting so looks like a nice entry for short!
  • #74
  • Sep 30, 2012 1:16pm Sep 30, 2012 1:16pm
Early in the trade LONGS - GBPJPY, AUDJPY, CADJPY, EURJPY, EURUSD, EURGBP

Early in the trade SHORTS - GBPCHF, NZDUSD, USDCHF, USDCAD

Might be missing a few but it looks like all of these could be opened today following the rules of the system.
  • #75
  • Sep 30, 2012 2:19pm Sep 30, 2012 2:19pm
I don't think its a short on UC. Blue bar...
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  • #76
  • Sep 30, 2012 2:21pm Sep 30, 2012 2:21pm
And Usd/Cad is the same...
  • #77
  • Sep 30, 2012 2:23pm Sep 30, 2012 2:23pm
Quoting prosper1
And Usd/Cad is the same...
True, I forgot about the bar rule.

thanks
  • #78
  • Sep 30, 2012 2:34pm Sep 30, 2012 2:34pm
Just running through a few pairs and I see a number that have gone upwards of 200 pips in our favour before turning round and hitting full stop loss before opposite signal appears , may be we should be thinking of going to breakeven when up about 100 pips or so, I think I would struggle to get my head round this if I was up that amount only to see it turn into a loss, what do you guys think?
  • #79
  • Sep 30, 2012 3:19pm Sep 30, 2012 3:19pm
Quoting Dreamliner
Then you have entries and exits nearly every day, because nearly every candle closes inside the channel. Why is it, do you think, that so many people are having difficulty understanding what you are doing? Is it all of us? Why not clarify? Such as, if candle exits the channel to the downside, when it comes back up and closes inside the channel I go long. Something like that? Anything? Just "if candle closes inside the channel I enter the trade" tells us nothing about direction; which way did the candle enter the channel from? Which way did you...
Very simple and straight-forward system...and, of course, I like it! If GREEN candle opens outside 5 ema hi-lo channel, and closes inside 5 ema hi-lo channel...GO LONG. (with both feet if candle is a pin bar, bullish engulfing, etc) If RED candle, vice-versa (no, that's not Italian)!

Finally, a system I can sink my teeth (upper plate anyways) into! I'm in!!
  • #80
  • Sep 30, 2012 6:21pm Sep 30, 2012 6:21pm
Dreamliner it's in the 1st post. OP is not saying that we just close inside the candle. The candle must 1st open outside the channel and close inside. Pretty simple imo.

Todd


Quoting Dreamliner
Then you have entries and exits nearly every day, because nearly every candle closes inside the channel. Why is it, do you think, that so many people are having difficulty understanding what you are doing? Is it all of us? Why not clarify? Such as, if candle exits the channel to the downside, when it comes back up and closes inside the channel I go long. Something like that? Anything? Just "if candle closes inside the channel I enter the trade" tells us nothing about direction; which way did the candle enter the channel from? Which way did you...
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