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A Proven Simple Strategy (2MAs, 1 RSI)

  • #301
  • Feb 12, 2016 1:10am Feb 12, 2016 1:10am
Quoting supa88
{quote} Hi antonio, which time frame are you using??????here are my results yesterday.. {image}

Supa Hello !!

1H timeframe.
I think yesterday we had the same results, USDCHF one win , one loss gbpusd .
Attached a picture where the two closed operations are 11.2.2016 .
Today he is having very good results and has opened four other offices in profits.
Then I will share as the day is ending .

Thanks Supa , Abowaik and Sis.yphus . a hug!
Attached Image (click to enlarge)
Click to Enlarge Name: supa.PNG Size: 242 KB
  • #302
  • Feb 12, 2016 3:21am Feb 12, 2016 3:21am
Quoting AntonioLegaz
{quote} Supa Hello !! 1H timeframe. I think yesterday we had the same results, USDCHF one win , one loss gbpusd . Attached a picture where the two closed operations are 11.2.2016 . Today he is having very good results and has opened four other offices in profits. Then I will share as the day is ending . Thanks Supa , Abowaik and Sis.yphus . a hug! {image}
welcome Antonio .will see on end of today.
  • #303
  • Feb 12, 2016 4:23pm Feb 12, 2016 4:23pm
Quoting supa88
{quote} welcome Antonio .will see on end of today.
Hello Supa!
Closed trades: 27 win, 2 loss.
Still open trades: 7 positive, 2 negative trading.
A beautiful day, beautiful system!
Attached Image (click to enlarge)
Click to Enlarge Name: supa 2.PNG Size: 184 KB
  • #304
  • Feb 12, 2016 11:14pm Feb 12, 2016 11:14pm
Hi AntonioLegaz,

Are you using the original default settings .Cheers !!!
  • #305
  • Feb 13, 2016 12:37am Feb 13, 2016 12:37am
Quoting rammer13
Hi AntonioLegaz, Are you using the original default settings .Cheers !!!
Hi Rammer, Whith Supa88 settings. See post 284.Chers!
  • #306
  • Feb 13, 2016 8:39am Feb 13, 2016 8:39am
Supa88 settings work fine with EURUSD in 2015, but there is no stop loss....it will kill account at on point..so Supa88, we need to have SL
  • #307
  • Feb 13, 2016 9:05am Feb 13, 2016 9:05am
Quoting driven18
Supa88 settings work fine with EURUSD in 2015, but there is no stop loss....it will kill account at on point..so Supa88, we need to have SL
You can calculate let say 5% of your capital in pips and put it in the setting just to be sure that in the worst case you lose that amount of money leaving enough room to let the setup works,Anyway in my backrest that file.set doesn't give good result, I am trying to play with the setting and time frame in order to have better results,Syl
  • #308
  • Feb 13, 2016 9:28am Feb 13, 2016 9:28am
in forward testing we getting very good results.
  • #309
  • Edited 10:25am Feb 13, 2016 10:13am | Edited 10:25am
It's a very good system. It shows realy good results in some pairs with some settings, but still need some modifications.
My set is with 5 max open orders.
First modification:
If EA open more than 2 orders next orders to be twice more than first two.
Example:
If 1 and 2 open orders are with lot size 0.01 next 1,2 or 3 to be 0.02.
Or if first two orders are with 1% from the account size the next orders should be with size 2%.
Second modification:
Will be good if have minimum distance between orders.
Example:
When EA open order, the next open order should have minimum distance in pips from the first open order.
Attached Image (click to enlarge)
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  • #310
  • Feb 13, 2016 10:32am Feb 13, 2016 10:32am
Hi Antonio,

Would you mind taking a screen shot of your settings. The reason I ask is because I tried to replicate your last few results (backtest), but am unable to get the same results.
I downloaded the zip file from post 284, but am obviously doing something wrong.
Thank you.

Regards

The Wolf
  • #311
  • Feb 13, 2016 10:36am Feb 13, 2016 10:36am
p>
Quoting bigbadwolf74
Hi Antonio, Would you mind taking a screen shot of your settings. The reason I ask is because I tried to replicate your last few results (backtest), but am unable to get the same results. I downloaded the zip file from post 284, but am obviously doing something wrong. Thank you. Regards The Wolf
</p>
I have three same problem!
  • #312
  • Feb 13, 2016 10:38am Feb 13, 2016 10:38am
Quoting vera
It's a very good system. It shows realy good results in some pairs with some settings, but still need some modifications. My set is with 5 max open orders. First modification: If EA open more than 2 orders next orders to be twice more than first two. Example: If 1 and 2 open orders are with lot size 0.01 next 1,2 or 3 to be 0.02. Or if first two orders are with 1% from the account size the next orders should be with size 2%. Second modification: Will be good if have minimum distance between orders. Example: When EA open order, the next open order...
You're first point is a kind of martingale that blow the account when you have a losing row!
  • #313
  • Feb 13, 2016 10:41am Feb 13, 2016 10:41am
Here is the account loss with no SL in 2013 using Suppa .set... so need stop loss.

Whoever can code it and add Swing Stop Loss is the best option for this.
Attached Image (click to enlarge)
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  • #314
  • Feb 13, 2016 10:56am Feb 13, 2016 10:56am
Lol of course you need SL.
Your SL and TP is EXIT on Fast MA.
And the most distant orders 3,4 and 5 will have max profit and less loss.
  • #315
  • Feb 13, 2016 11:05am Feb 13, 2016 11:05am
Quoting vera
Lol of course you need SL. Your SL and TP is EXIT on Fast MA. And the far open orders 3,4 and 5 will have max profit and less loss.
Finally some one else gets that just because you not using a fixed SL does not mean there is no SL...

Also I do not recommend opening so many orders(more than 3) unless you entries are less likely to occur(will post more on this in a bit with some pics).

Im glad to see people realizing that some of the simplest systems can provide a very nice edge. No fancy indicators, no black box code, etc. Just what the "evil" broker gives you.
  • #316
  • Feb 13, 2016 11:05am Feb 13, 2016 11:05am
Quoting vera
Lol of course you need SL. Your SL and TP is EXIT on Fast MA. And the most distant orders 3,4 and 5 will have max profit and less loss.
Not enough. What if market drops 200 points in 10 min, Fast MA will not get in time to stop u out

Post 313 at the end of the graph had 230 points Stop out...see last entry below
Attached Image (click to enlarge)
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  • #317
  • Feb 13, 2016 11:13am Feb 13, 2016 11:13am
Quoting driven18
{quote} Not enough. What if market drops 200 points in 10 min, Fast MA will not get in time to stop u out
There is other filters too in that EA that you can use for SL and TP.
Use Exit on cross opposite slow MA for example.
I can give you idea for other filter too.
If all conditions are met, but previous closed candle is in oposite direction EA should wait till previous closed candle is in that direction and then open order.
  • #318
  • Feb 13, 2016 11:19am Feb 13, 2016 11:19am
Things to Consider When Changing RSI Settings:
I have noticed a lot of you have been playing around with the RSI period setting and have been having some good results. Something I want you to consider when changing the RSI settings and levels you enter at is how frequently they are likely to occur. Since we are trading with the trend(200 MA), if at any point in time when price is above the MA, we look at the frequency distribution of the RSI there will also be a fat tail towards the higher readings(lower readings if below 200MA).

So we know that when we are trading with the trend long, we are looking for pull backs in the RSI towards the lower numbers, the signals that are least likely to occur. You want to get in the market where it goes least often(lower RSI Reading) and get out where it goes most often(Average of price in this case). Statistically and logically this is a very sound method.

Now lets look at some RSI readings starting with the original RSI setting of 2 for a period where price was moving down overall.
Attached Image (click to enlarge)
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As we can see there are a total of 3747 RSI readings in this example 247 of which would be valid entry signals based on the original rules I posted. Roughly 6%.
If you use levels lower than 95 you will get a lot more entry signals many of which will be back to back. This is why I said its important to understand how often they are likely to occur before you decide you are going to add every time they occur.

Here is how the RSI is distributed for a few different settings all where the price is decreasing overall.
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Notice how the default period of 14 closely resembles the popular bell curve. This is why its the default setting
  • #319
  • Feb 13, 2016 11:23am Feb 13, 2016 11:23am
Quoting driven18
{quote} Not enough. What if market drops 200 points in 10 min, Fast MA will not get in time to stop u out Post 313 at the end of the graph had 230 points Stop out...see last entry below {image}

This is why I did not want to post fancy charts exploding with results using high leverage and why I still do not put charts like that in the original post. I had to though as no one took it seriously. Reduce your leverage dude. Trading a system like this, unless you are using a tiny account that are okay blowing, Id recommend risking 1% every 100 pips price runs against you. So if you have $1000.00, you would trade .01 lots per entry.

Slow safe money means low risk, and you will need a bigger balance to start making real money from it.
Fast dangerous money means high risk and you will possibly lose it all at any point. If this is how you like to trade you need to approach it using the Saints Free Account Method.
  • #320
  • Feb 13, 2016 11:36am Feb 13, 2016 11:36am
Quoting driven18
{quote} Not enough. What if market drops 200 points in 10 min, Fast MA will not get in time to stop u out Post 313 at the end of the graph had 230 points Stop out...see last entry below {image}
Of course you will blow your account.
In forex trading most important thing is money managеment. Your took to much risk with small account on backtest.
And that you blow your account with your settings does not mean will blow with every settings. You need to find the right one.
I found these that are good for me and for that i give ideas for other options in that great EA.
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