Extracted Posts (complaints made)

MTF 100/200 bar MA's Horizontal Lines,


Very good feed back from Gregg michalowski at fxdd . My indicators are simple it shows price of the moving average, The 100 bar daily MA is plotted on the chart with a horizontal line on all time frames. Gregg uses the 100 and 200 bar moving averages on three time frames , 5 minute ,hourly and daily. If you look at the chart and you see the thickest blue line ,that represents the 100 bar MA . Hover mouse over to see !

You can also look at the chart and see the blue line is underneath the green line same thickness with out looking at a diffident time frame you can see if the moving average cross is bullish or bearish . A blue line above the green line is bullish same thinness . The levels act as good support and resistance areas as many institutional traders such as banks use the 100 and 200 bar moving average. Moving averages are just one of the three tools that Gregg uses . The other tools he uses are trend lines /remembered lines and Fibonacci

Remembered lines indicator,

This is a systematic approach of calculation remembered levels . The indicator shows Three touch points with zero tolerance for pips ether side just using that mythology i ended up with far two meany lines .I needed to some how filter the levels that the market remembered. This is done by setting a filter in pips to widen out the levels . It works rather well . I'm sure there is no substitute for manual analysis. If we all use the same levels then we stand a better chance of moving the market in our favor.I think ECN and NDD broker are much better on MT4 Platform , that way we get a say in the market . Enough to make a difference i don't know .You can see their on the upper left the ECN Hybrid functions something that i wish FXDD to have. Withdrawing cash is some what of a palaver i would much rather manage my own withdrawals and not have to fill in a form .

Anyway iv added the time and date to the horizontal line that the market remembered , just hover mouse over .In trending markets price should shoot right throw the remembered levels and you can use these levels as border lines for anticipating a trend and defining risk

Fibonacci Retracement,

This tool takes the value of the last bar's and places a Fibonacci retracement from the high to low .If you don't like the points it has chosen just simply move it,However if you change time frames it will recalculate back to the ordinarily place the same is said for remembered lines indicator and MTF moving average levels. If you place manual trend lines they will be deleted when changing time periods .You will need to open up a fresh chart when adding the indicators, other wise you will lose you analysis .

Most of the time the Auto fib shows in a desirable place and only a few times you will need to move it .I do have a lot of technical knowledge of how these tools should be placed so i hope you can put then to good use . Ironically i only have a small amount of coding knowledge. In the future i wish to make an EA maybe not fully automatic but part manual .I know that you can code an object to set an order so it think a semi manual EA is what is needed to trade of key levels

Putting it all together,

The moving averages the remembered levels the key retracments all tools show a clear bius Bearish bellow bullish above. Hear is shows a neutral market until it can get above the 100 bar moving averages and bearish below the 38.2% . Fibonacci is like the holy grail of tools . The calculations are seen in all walks of life .The ATR indicator is also like a holy grail for me and a vital peace of the jicksaw .

Im not that clued up on the economic side of trading.I gather the technical s are more important and they actually shows what economy is really like. surprised releases do move the market .What tools do you use to trade news events? Im looking for a program that shows trigger points and deviation between the forecast and actual number and shows me the direction the currency should go in ?

Why the hell is this on broker discussion? Go post your system/technique or whatever u want to call it on trading systems or discussions!

I could not for the life of me finger out how to open up new thread can you help ! Where is the icon to open up new thread? You are right this is not the right place to post. Iv had a few requests for indies needed somewhere for traders to download the files . It is fxdd trading system .I would liked to open up a new thread would you like me to delete .

Updated version of remembered lines,

Dose not delete you analysis when removed or changing time frames if you do not like the remembered level it has chosen you can delete it or move it.

Instructions place on chart wait to load lines delete the indicator.


I like to put Daily lines and hourly lines on one chart

Newer cleaner version of MTF moving average levels ,


Shows correct values on the point of the line also much neater now in alphabetical order

MTF MA Tool,

The power of this tool comes into its own on the daily chart for quick view of all MA's in a Multi time frame function.
yellow area highlights intra day hourly and 5 minute 100 and 200 bar moving averages a break above or bellow this area should lead to a trending market

Indicator three touch trend line ,

Finds Two exact points connects high to high and low to low with a third point in the middle . The default spillover /tolerance is set to 0.2 which i find works best. I have optimized it to work on the 1 hour chart showing remembered trend lines throw out one month

Indicator paints the bars

Green above all 100 bar SMA three time frames 5 minute hourly daily . Only worked on the 5 minute chart dose not paint right over 5 minute bars because 5 minute bar history only can go back so far .As you can see from this example all bars are painted green above all the 100 bar MA'S

Many thank to FXDD and Gregg mickilowski for all the free stuff .My reward for codding the MTF moving average level

EA trigger,

Will buy above all 100 bar Ma's 5 minute ,hourly and daily visa verse for sell nothing special just for test purposes can be used for live trading but would manage the position manual a trade is executed

EA-Trigger filtered with ATR a very simple Algorithm,


Trigger above/bellow 100 MA 3 times frames can also add 200 bar MA's ,Daily ATR filter less than 90 pips to give the trend a chance to developed ,100 bar daily MA trailing stop , Static stop loss is set to 90 pips with break even after 90 pips

The profit is impressive the drawdown is at 20% .If their is a trend on the daily chart then it will catch the downside is it comes in with consecutive losses of 90 pips and also it dose not trade that often .Further things i can add are remembered lines maybe then i can get the stop down to around 20 pips check out my result

Trigger Algo EA with more filters,

The idea was not to trade if price has shot of to far from the daily moving average. Iv done by adding envelopes and using two percent deviation leaving a Kind of trading zone . Iv also added the Daily MA's should be pointing up for buy and pointing down for sell .

I did add the intra day MA's but it hardy traded at all so iv simply left them out . My goal was to try and make it trade more their are long periods when it dose not trade at all ,far to long for my liking. I need to add an adaptive ATR taking the value of the say the 22 day ATR and dividing it by two to give the trade below ATR level culturally is set trade below 90 pips each day.I think this ea satisfies my mission statement to trade trends and stay on trends making as much money as possible with the least amount of risk . The risk is large 90 pips but reward a multiple of that .

EA Trigger with extra features for optimizing

Got the draw down to a respectable 16%

+trend trader EUR/USD M5 chart open hourly as well Run back test let me know what you think


My rules for a profitable EA to run on live account
1) back test should be 10 years
2) Target profit is 100K starting with 10K
3) Drawdown target should be 10% usually on live account the drawdown is doubled

OK I have the the drawdown to 10.39% gross profit over 154k on 10 year back test .

It shows great results on GBP/USD , all the optimizing was done on EUR/USD . If you wont my lasted EA send me an email [email protected] I am going to charge for this EA a lot of work has go into this and im not willing to give away for free .My plan now is to make another strategy that will hedge the 30 pip losses that this EA makes ,ultimately to get the drawdown to 10% on a scalping statutory it should reduce the over all drawdown when added to this strategy this strategy has been to striped down to its rawest form ,My studies suggest taking thing away is more profitable that adding things

Conclusion : Simple strategy work the best simple in form some complexity is present over all the strategy's for profit have to be kept simple

Promising EA's to trade news events
EA trades on a large market movements, and does not uses any indicators.
The idea of the Expert Advisor is that stop orders are discrete-time moving at a given distance from the current price.
If the price is rather abruptly slid to one side, the EA simply does not have time to move the order and it becomes a market.

Good scalping system

http://www.tradingsystemforex.com/showthread.php?t=2436&p=19663#post19663