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A-Grace Super System

  • #1
  • First Post: Edited Nov 23, 2012 4:38pm Nov 16, 2012 3:56am | Edited Nov 23, 2012 4:38pm
I have been following forex factory for years and I have got a lot of useful insights from the forum. This is my contribution to the forum. I don't have time but I have developed a good system for those who have it to trade stress free. I may not come regularly to the thread but whenever I m arround I will answer questions arising from this system.

Rules for the thread.
1. Be polite.
2. Respect other people's opinions.
3. Dont fill this thread with indicators.
4. Dont bring another system here.
5. Ask questions whenever you dont understand.



Currency: Any pair.
Time frame; 15 mins

Rules for Long.
1. Allow the price to touch upper band of the bollinger band.
2. RSI must be above 50 level.
3. Take profit at the next line that serves as pivot point minus the spread.
4. Stop loss at the previous low.

Rules for short.
Reverse of the rules for long.

Thank you so much!


Updated on Friday, November 23, 2012 at 11.36 pm GMT+1
A-Grace Swing Trading

A-Grace Swing Trading is finally now out.
To get it, send a mail with subject: A-Grace Swing Trading
to [email protected] and you will get an instant reply.
Thanks!
Attached File(s)
File Type: zip A-grace.zip   19 KB | 2,107 downloads
  • #2
  • Nov 16, 2012 5:34am Nov 16, 2012 5:34am
Quoting A-Grace
I have been following forex factory for years and I have got a lot of useful insights from the forum. This is my contribution to the forum. I don't have time but I have developed a good system for those who have it to trade stress free. I may not come regularly to the thread but whenever I m arround I will answer questions arising from this system.

Rules for the thread.
1. Be polite.
2. Respect other people's opinions.
3. Dont fill this thread with indicators.
4. Dont bring another system here.
5. Ask questions whenever you dont understand.


Currency:...
============================================================================================

Thank you A-Grace. I just have just tried to look into your trading system & I like the simplicity.
Could you please confirm point 1 of the Rules for Long? Appreciate if you can show in the picture where price touch the band, the entry & exit (TP) point.
  • #3
  • Nov 16, 2012 5:43am Nov 16, 2012 5:43am
Hello A-Grace,

Would you have the skills to build it in an EA? http://sufx.core.t3-ism.net/ExpertAdvisorBuilder/

Let me know your thoughts.

Regards,
Daniel
  • #4
  • Nov 16, 2012 12:43pm Nov 16, 2012 12:43pm
Quoting belka
============================================================================================

Thank you A-Grace. I just have just tried to look into your trading system & I like the simplicity.
Could you please confirm point 1 of the Rules for Long? Appreciate if you can show in the picture where price touch the band, the entry & exit (TP) point.

Thank you for your interest in my system, the picture that accompanies the Zip file explains it all. If you still don't understand, let me know.

Thanks!
  • #5
  • Nov 16, 2012 12:48pm Nov 16, 2012 12:48pm
Quoting coleguitajua
Hello A-Grace,

Would you have the skills to build it in an EA? http://sufx.core.t3-ism.net/ExpertAdvisorBuilder/

Let me know your thoughts.

Regards,
Daniel

Thanks so much! If you want to help us, it is appreciated but I don't have a dime! Thanks!
  • #6
  • Nov 16, 2012 8:00pm Nov 16, 2012 8:00pm
Didn't understand when to take profit? What is the "next line" you are referring to in your first post? It is not clear how you set the TP line in your figure? On what basis?

Do you have any performance history for this method? Demo or live?

Thanks.
  • #7
  • Nov 17, 2012 1:43am Nov 17, 2012 1:43am
Quoting Walad100100
Didn't understand when to take profit? What is the "next line" you are referring to in your first post? It is not clear how you set the TP line in your figure? On what basis?

Do you have any performance history for this method? Demo or live?

Thanks.

There are lines in the chart that came with the template, these lines look like pivot points but they are not. They are better than PP in my own thinking. These are lines that determine the TPs. Thanks!
  • #8
  • Nov 17, 2012 2:09am Nov 17, 2012 2:09am
Quoting A-Grace
There are lines in the chart that came with the template, these lines look like pivot points but they are not. They are better than PP in my own thinking. These are lines that determine the TPs. Thanks!
Let me explain through picture again. There are lines different colours, those lines are our TPs - spread in uptrend and + spread in downtrend. I was the one who drew the TP and SL with orange lines.

For long, price must touch the upper band of the BB and the band must be expanding.
For short, price must touch the lower band of the BB and the band must be expanding.
This is the 1st condition that much be satisfied b4 taking any trade. Then look at the position of RSI:>50 for long and <50 for short.

Hope this helps! Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: a-grace.gif Size: 15 KB
  • #9
  • Nov 17, 2012 7:59am Nov 17, 2012 7:59am
Quoting A-Grace
I have been following forex factory for years and I have got a lot of useful insights from the forum. This is my contribution to the forum. I don't have time but I have developed a good system for those who have it to trade stress free. I may not come regularly to the thread but whenever I m arround I will answer questions arising from this system.

Rules for the thread.
1. Be polite.
2. Respect other people's opinions.
3. Dont fill this thread with indicators.
4. Dont bring another system here.
5. Ask questions whenever you dont understand.


Currency:...
Hi A-Grace,

Something that I would like to clear......when it crosses the BB does the price have to be already above the previous PP point.....meaning what if the price is 2-4 pips below a PP line do we take the trade and go for the next PP line that is right after this immediate 2-4 PP line...?
I do not know if I am clear with my question.....if not I will try to.... rephrase it....

Thanks
4x
  • #10
  • Nov 17, 2012 12:31pm Nov 17, 2012 12:31pm
Quoting 4xPIPAHOLIC
Hi A-Grace,

Something that I would like to clear......when it crosses the BB does the price have to be already above the previous PP point.....meaning what if the price is 2-4 pips below a PP line do we take the trade and go for the next PP line that is right after this immediate 2-4 PP line...?
I do not know if I am clear with my question.....if not I will try to.... rephrase it....

Thanks
4x
I like your spirit and politeness. The indicator I use is not PP but it draws lines like PP and better than PP. Listen up everybody! If the next line is close to your entry, place your TP+ or - spread on the next line after it. It can never be 2-4pips. Hope this helps!
  • #11
  • Nov 17, 2012 1:32pm Nov 17, 2012 1:32pm
Quoting A-Grace
I like your spirit and politeness. The indicator I use is not PP but it draws lines like PP and better than PP. Listen up everybody! If the next line is close to your entry, place your TP+ or - spread on the next line after it. It can never be 2-4pips. Hope this helps!
I would never take the trade if that was the case.....I was just thinking if you need to wait TILL it crosses that immediate line(in case that line is some sort of resistance or support) for a higher ratio trade.
But I discovered it is an ADR line witch that answered my question...

Thank you

4x
  • #12
  • Edited 11:07pm Nov 18, 2012 4:46pm | Edited 11:07pm
I like the simplicity of your system; very easy to follow.
I made an indicator that gives a signal according to the rules and indicators you're laid out for us. Simple to use:
- If the red bar appears, go short
- If the blue bar appears, go long

Attached Image (click to enlarge)
Click to Enlarge Name: nov-16-12_gbp-chf_15min_bb+rsi_combo.gif Size: 32 KB


In you template you have a SMA line of 50 periods, but I didn't see an explanation on this thread as to why it was there. So, I left the SMA part out of the indicator I've made. If the SMA line was there as a confirmation of a trade, then I wouldn't bother with it. Reason being that it confirmed every trade signal. If it is used for other purposes I would very much like to know.

Again, nice system!

***Updated indicator: no longer removes bars when refreshed; RSI is now optional; Adjustable RSI level***
Attached File(s)
File Type: mq4 BB+RSI_Combo.mq4   4 KB | 1,118 downloads
  • #13
  • Edited 4:12am Nov 19, 2012 1:58am | Edited 4:12am
Quoting rubber_ducky
I like the simplicity of your system; very easy to follow.
I made an indicator that gives a signal according to the rules and indicators you're laid out for us. Simple to use:
- If the red bar appears, go short
- If the blue bar appears, go long

Attachment

In you template you have a SMA line of 50 periods, but I didn't see an explanation on this thread as to why it was there. So, I left the SMA part out of the indicator I've made. If the SMA line was there as a confirmation of a trade, then I wouldn't bother with it. Reason being...
Thanks so much for the efforts you made to make this system very easy to trade. May God bless you. I am very sorry that I did not explain the usefulness of EMA 50. Price must be above it with good angle for buy and below it with good angle for sell. I will be grateful if you can include the EMA in your indicator. Thank so much!
  • #14
  • Nov 19, 2012 2:05am Nov 19, 2012 2:05am
For now EURGBP has a good set up for buy and GBPCHF has a good set up for sell because all the conditions are met. Follow instruction on TP and SL accordingly. See you later.
  • #15
  • Nov 19, 2012 9:47am Nov 19, 2012 9:47am
For those who followed A-Grace system signals I posted early today,

EURGBP
Buy Entry 0.8028
TP 0.8039
SL 0.8013

Profit 11 pips

GBPCHF
Sell Entry 1.5017
TP 1.4980
SL 1.5041

Profit 37 pips

Total Profit today 48 pips

Stress free!

See you next time!
  • #16
  • Nov 19, 2012 11:56pm Nov 19, 2012 11:56pm
Welcome back! Anyone using this system yet in demo or live? Pls, let us know so that we can share experience together. It will also encourage me to do more research on the system. Thanks! I am waiting for your response!
  • #17
  • Edited 3:50am Nov 20, 2012 1:54am | Edited 3:50am
hi

I am using your system in my trading but just being confused about these lines you have in the tpl. I found it's totally different from what you showed us in zip. file you gave us.

would you please explain these lines for me? thanks a lot

I give you my screen snapshot, hope it will illustrate my confusion about the trading system.

look forward to hearing from you soon.
  • #18
  • Nov 20, 2012 2:51am Nov 20, 2012 2:51am
Quoting forexfireaus
hi

I am using your system in my trading but just being confused about these lines you have in the tpl. I found it's totally different from what you showed us in zip. file you gave us.

would you please explain these lines for me? thanks a lot

I give you my screen snapshot, hope it will illustrate my confusion about the trading system.

look forward to hearing from you soon.
I am happy someone is using this system. Keep calm, I will surely reply your questions shortly.
  • #19
  • Nov 20, 2012 3:35am Nov 20, 2012 3:35am
Quoting forexfireaus
hi

I am using your system in my trading but just being confused about these lines you have in the tpl. I found it's totally different from what you showed us in zip. file you gave us.

would you please explain these lines for me? thanks a lot

I give you my screen snapshot, hope it will illustrate my confusion about the trading system.

look forward to hearing from you soon.
Change the Time frame to 15mins, your screen shot reads 1H. Trades setup, entry and exit points of this system are taken on 15M only. Thanks!
  • #20
  • Nov 20, 2012 3:54am Nov 20, 2012 3:54am
Hi

Thanks for you quick response of my last post. I have already changed the TF to M15. However, would you please tell me the meaning of ADR lines in different colors?

I really appreciate your help.

Look forward to hearing from you soon.
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