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So simple even a monkey can trade it

  • #1
  • First Post: Jun 16, 2013 5:56pm Jun 16, 2013 5:56pm
Hello everyone!!! Super simple trading system :

Eur/usd -time frame 1H,candlestick pattern, Moving Average (21), simple/ close

Thing IS:
Every time candle cross MA and close above/below open order towards direction. That is all. How many pips you want from it it is up to you. SL/TP also yours. This is just few pic to understand what am i talking about!!

For almost 3 week period! This is just simple example, you can count between points B/S how many pips it was. Please comment GOOD BAD i will appreciate everything !
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  • #2
  • Jun 16, 2013 6:16pm Jun 16, 2013 6:16pm
I will open DEMO acc to just practice and test it for a little bit and will update future records with prof and loss.
  • #3
  • Jun 16, 2013 6:23pm Jun 16, 2013 6:23pm
demo is great thing!!

in a trending market anything works!!
But you will get killed in a choppy market of coarse!!

have fun

teb
  • #4
  • Jun 16, 2013 6:50pm Jun 16, 2013 6:50pm
I am trading live with FXCM . I am using this strategy for quick pips as well . Demo is just for those who wants to see prof and loss. I dont need demo. And yes i agree you will be killed on unstable market like forex. You have to understand market a little and test any strat before adopt it as way you want to make money!! But i am not teacher and not forex guru to teach people how to make money here. I am just share my ideas with those who understand!!! BUT you have to agree this is easy!!!
  • #5
  • Jun 16, 2013 6:58pm Jun 16, 2013 6:58pm
Just quick update for you!! On dead market Sunday evining.
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  • #6
  • Jun 17, 2013 1:46am Jun 17, 2013 1:46am
simple setup.Wish all the best for you
We are trained to destroy
  • #7
  • Jun 17, 2013 2:27am Jun 17, 2013 2:27am
Do you have any additional rules to enter? I see many other entry points between your S and B signals that match your system criteria. And if enter at all of them then there will be a lot of losing trades, especially in a ranging market.
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  • #8
  • Jun 17, 2013 2:49am Jun 17, 2013 2:49am
Not offense. Market trend is quite stable in this year, so i can't deny that you have the good result. However, i am not sure if your system works in year 2008 and 2009 (High volatile market), because indicator behave more lag from my finding. I think it is better to use trendline and S/R to spot trend instead of indicator. My 2 cent.
  • #9
  • Jun 17, 2013 3:04pm Jun 17, 2013 3:04pm
Quoting bakemaka
Do you have any additional rules to enter? I see many other entry points between your S and B signals that match your system criteria. And if enter at all of them then there will be a lot of losing trades, especially in a ranging market.{image}


Yes I pick those entry points for a reason, this is most active time during trade period! I do prefer have long body candles crossing MA, and I will never jump on every entry and don't forget about money management ! You can use any othe indi with it like macd or volume to confirm market moves to right direction. Like I said I am using it for quick pips and my entry based on my overal experience !
  • #10
  • Jun 17, 2013 3:09pm Jun 17, 2013 3:09pm
Quoting ~bull.bear~
Not offense. Market trend is quite stable in this year, so i can't deny that you have the good result. However, i am not sure if your system works in year 2008 and 2009 (High volatile market), because indicator behave more lag from my finding. I think it is better to use trendline and S/R to spot trend instead of indicator. My 2 cent.

I agree with you, I was testing MA with different periods last year and found this one more conviniant for me . Back in 2008 it may not work at all. This is simple strat for those who has experience in trading and like to catch pips .
  • #11
  • Jun 18, 2013 5:43am Jun 18, 2013 5:43am
Hi Deni,

You know I think this is a nice little strategy. Ok, it's not for those who go off for the day - I feel you would have to keep your eye on a little - wouldn't you?
I work full time and although I can duck in and out and look at my trades, I'd find this a little time consuming.
In saying that - I'd certainly give it a whirl once home from work.

Thanks - I'll try it on my Demo
Keep up the good work

Delta
  • #12
  • Jun 18, 2013 8:35am Jun 18, 2013 8:35am
Quoting deni b
Hello everyone!!! Super simple trading system : Eur/usd -time frame 1H,candlestick pattern, Moving Average (21), simple/ close Thing IS: Every time candle cross MA and close above/below open order towards direction. That is all. How many pips you want from it it is up to you. SL/TP also yours. This is just few pic to understand what am i talking about!! For almost 3 week period! This is just simple example, you can count between points B/S how many pips it was. Please comment GOOD BAD i will appreciate everything ! {image}
This system is good on trending days which is roughly 30-40% in a year, rest of the time the system will get whipsawed. One thing you can do is to filter the good and bad ones. You can use any one as your filter like MACD, RSI which could increase your winning ratio.
  • #13
  • Jun 18, 2013 10:52am Jun 18, 2013 10:52am
Quoting Miss Delta
Hi Deni, You know I think this is a nice little strategy. Ok, it's not for those who go off for the day - I feel you would have to keep your eye on a little - wouldn't you? I work full time and although I can duck in and out and look at my trades, I'd find this a little time consuming. In saying that - I'd certainly give it a whirl once home from work. Thanks - I'll try it on my Demo Keep up the good work Delta

Thank you !! Try it and let me know how it works for you!!! Good luck!!
  • #14
  • Jun 18, 2013 10:55am Jun 18, 2013 10:55am
Quoting ichimokuking
{quote} This system is good on trending days which is roughly 30-40% in a year, rest of the time the system will get whipsawed. One thing you can do is to filter the good and bad ones. You can use any one as your filter like MACD, RSI which could increase your winning ratio.

If you have read my answer to other guy that was exect what i said, you can use MACD with it or Volume or any indi . You are right this is only for quick ins and outs!! Thank you for comment!!!
  • #15
  • Aug 11, 2013 9:01pm Aug 11, 2013 9:01pm
So, more than 1 month later, how's the monkey traders doing?

Let's see those results!

It takes a lot for me to IGNORE you, but you can try.
  • #16
  • Aug 11, 2013 10:28pm Aug 11, 2013 10:28pm
Don't even try to dare me! I work with another problem right now and I will update latest proff loss data as soon as I can. Honestly saying I am In 100 pip loss right now on EU.i hope this info satisfy your ego!!!
  • #17
  • Aug 11, 2013 10:37pm Aug 11, 2013 10:37pm
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  • #18
  • Aug 22, 2013 7:06pm Aug 22, 2013 7:06pm
Quoting deni b
{image}

looks like you made over 2000 £ in one month. thats good.

do continue with this thread and tell us your candlestick entry and exit criteria.
  • #19
  • Aug 22, 2013 7:14pm Aug 22, 2013 7:14pm
Quoting deni b
{image}
just show your results in trader explorer.
Follow me to the Promised Land
  • #20
  • Last Post: Aug 22, 2013 7:26pm Aug 22, 2013 7:26pm
Ok people! I posted my strategy because I wanted to share not because I wanted to sell you something or convince you that I am guru trader and let me make money for you!!!! I will update my results at the time that works for me and form that convenient for me. Believe it or not it is your business . I trade a lot on the go from my phone, as soon as I will be behind computer I will update results in regular mt4 form! Thank you!
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