Hi guys & girls of forex factory, i am a relatively new member here, i`m mostly active on babypips, and i have a plan here.My plan is that we all, on this forum build a united system, which will be profitable at the end.I am a 2 year old experienced trader and MQL4,C++,C# programmer with 10 year experience.
I already developed an indicator, which will be the actual system.It will signal trade entries and exits.The original system is on babypips:
http://forums.babypips.com/free-fore...il-system.html
But on this forum we will develop the system even further, because it will be a collective approach, where everyone can participate
The strategy will be very simple,enter in trades when there is an entry signal and exit when there is an exit signal.With trailing stop and stoploss being optional, but no TAKEPROFIT.I found that fixed TAKEPROFIT systems never work, it cuts your winnings way too early,so thats why we only enter/exit at the signals.
So basically: ENTER TRADES ON ENTRY SIGNAL, EXIT ON EXIT SIGNAL , SL & TRAIL STOP & LOT optional, and based on your money-management strategy and NO TAKEPROFIT.
Now, the system will be named Collective System, and for now i am the only author of it, for now, because i expect that you guys too help to develop this system,thats why it will be a collective system.The current system is based on the spearman's rank correlation indicator which you can find on MQL4 forum.But i modified a bit, it's current version is the inverse of it.I found out that the inverse signals of the spearman is way more accurate than the actual.It is a bit modified from the original MQ version but that's the core signalling element of the indicator.
The mission of this thread is the following: everyone has to participate in the improvement of this system, either being a programmer and develop the code of the indicator, or being a trader and suggesting improvements from a trader's perspective (i.e strategy development, market observations), and if everyone helps to improve this system, then we can improve it more efficiently than I can on my own.Of course i already did the first steps by coding the basic version of the indicator with all elements now its you job to improve it.
Requirements: if you are a coder and want to improve the system only upload .mq4 files not .ex4 so that the others can improve it too.The system is now at version 4(based on the original file from the other forum,but here we start from version 1), but we have still a long way ahead
So that's being said, we must all participate and improve this system,and if we put all our minds at the job, at the end this will be a real Holy Grail system.
Best Settings of the indicator: the best settings of the indicator are the default, aka 10,6,10000 (but you can increase the max bars for more precision).Of course after you guys help to improve the system we can find better settings, but my initial testings and optimizations showed that currently this is the best setting.Not to mention that the system works with all pairs on all TFs, so its a universal system.
Installation instructions: Put the file in ...MetaTrader\experts\indicators , and after you launched MT4 you can find it in indicators/custom indicators
So download the system, try it and i wait your feedback and your suggestion how to improve it, so let's get to work guys
I already developed an indicator, which will be the actual system.It will signal trade entries and exits.The original system is on babypips:
http://forums.babypips.com/free-fore...il-system.html
But on this forum we will develop the system even further, because it will be a collective approach, where everyone can participate
The strategy will be very simple,enter in trades when there is an entry signal and exit when there is an exit signal.With trailing stop and stoploss being optional, but no TAKEPROFIT.I found that fixed TAKEPROFIT systems never work, it cuts your winnings way too early,so thats why we only enter/exit at the signals.
So basically: ENTER TRADES ON ENTRY SIGNAL, EXIT ON EXIT SIGNAL , SL & TRAIL STOP & LOT optional, and based on your money-management strategy and NO TAKEPROFIT.
Now, the system will be named Collective System, and for now i am the only author of it, for now, because i expect that you guys too help to develop this system,thats why it will be a collective system.The current system is based on the spearman's rank correlation indicator which you can find on MQL4 forum.But i modified a bit, it's current version is the inverse of it.I found out that the inverse signals of the spearman is way more accurate than the actual.It is a bit modified from the original MQ version but that's the core signalling element of the indicator.
The mission of this thread is the following: everyone has to participate in the improvement of this system, either being a programmer and develop the code of the indicator, or being a trader and suggesting improvements from a trader's perspective (i.e strategy development, market observations), and if everyone helps to improve this system, then we can improve it more efficiently than I can on my own.Of course i already did the first steps by coding the basic version of the indicator with all elements now its you job to improve it.
Requirements: if you are a coder and want to improve the system only upload .mq4 files not .ex4 so that the others can improve it too.The system is now at version 4(based on the original file from the other forum,but here we start from version 1), but we have still a long way ahead
So that's being said, we must all participate and improve this system,and if we put all our minds at the job, at the end this will be a real Holy Grail system.
Best Settings of the indicator: the best settings of the indicator are the default, aka 10,6,10000 (but you can increase the max bars for more precision).Of course after you guys help to improve the system we can find better settings, but my initial testings and optimizations showed that currently this is the best setting.Not to mention that the system works with all pairs on all TFs, so its a universal system.
Installation instructions: Put the file in ...MetaTrader\experts\indicators , and after you launched MT4 you can find it in indicators/custom indicators
So download the system, try it and i wait your feedback and your suggestion how to improve it, so let's get to work guys
Attached File(s)
Collective System V1.0.mq4
16 KB
|
1,281 downloads
"There's a sucker born every minute" - P.T. Barnum