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The "V" trading system

  • #21
  • May 21, 2017 2:38am May 21, 2017 2:38am
Quoting ruma29
{quote} doesn't show anything on chart.
This UJ test on D1 for 2017. 3 trades, 1 loss, 2 winners.

Attached Image (click to enlarge)
Click to Enlarge Name: v1_uj_2017.PNG Size: 54 KB
No guts, no glory
  • #22
  • May 21, 2017 2:46am May 21, 2017 2:46am
I just noticed that SL was not at swing high/low, so I fixed.
Here is the same test using the fixed version.

Attached Image (click to enlarge)
Click to Enlarge Name: v1_uj_2017_2.PNG Size: 52 KB
Attached File(s)
File Type: ex4 V_System_02.ex4   13 KB | 840 downloads
No guts, no glory
  • #23
  • May 21, 2017 2:58am May 21, 2017 2:58am
Looks a good system but the choppy sideways market might kill you, anyone know how to deal with that?
  • #24
  • May 21, 2017 3:10am May 21, 2017 3:10am
This version with EMA filter. (set to 0 to disable).
Attached File(s)
File Type: ex4 V_System_03.ex4   13 KB | 952 downloads
No guts, no glory
  • #25
  • May 21, 2017 3:34am May 21, 2017 3:34am
Thank you Sam

This pattern is a very good signal for scalping on Dax or gbp-jpy for examples, in range, when chinkou passes in front of a market trough. Khalid El Bouzidi (a great master of ichimoku) discribed this type of trading in his book. Very reliable configuration.

Dax, one minute chart:

Attached Image (click to enlarge)
Click to Enlarge Name: Pattern 2red 2 blue dax m1.PNG Size: 114 KB
Dax only.
  • #26
  • May 21, 2017 3:37am May 21, 2017 3:37am
I'd like to see what the strategy does with a TS set for 1:1 R/R. Might kill off big runners, but might also catch some pips before price reverses and hits SL.
  • #27
  • May 21, 2017 5:32am May 21, 2017 5:32am
I covered some stuff on "V' set ups a few years back on the Kobol thread. It gained little interest back then, but I'm always aware of the formation when I look at potential entries.

Any t/f and pair can be effective applying the general V "shape" principle, and will not always need to be a perfect V.

I personally prefer a line chart to easily visualise when looking at the shape setting up. Each to their own of course, but as the guy in the video said, no need to add everything under the sun.

Here's an NU h4 chart for example, showing 4 possible entries which would have been reasonably easy to detect without too much fuss.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH4.png Size: 19 KB
  • #28
  • May 21, 2017 6:53am May 21, 2017 6:53am
Quoting abokwaik
{quote} This UJ test on D1 for 2017. 3 trades, 1 loss, 2 winners. {image}
OK. I prefer to see it as an indicator (never used expert) and trade manually.
  • #29
  • May 21, 2017 7:14am May 21, 2017 7:14am
Quoting poruchik
Red star - start pattern to buy Blue star -start pattern to sell === no alert, I am not coder === 10 SMA {file} {image}
Great work for a non coder!
Appreciated poruchik
What goes up will come down...
  • #30
  • May 21, 2017 7:17am May 21, 2017 7:17am
Quoting abokwaik
Thank you Sam for sharing. This is a quick EA to test the idea. 1:2 Risk to Reward. No Trailing. It works on any time frame. {file}
The master is here already , thank you for your EA , we will definitely make use of your skills !
What goes up will come down...
  • #31
  • May 21, 2017 9:57am May 21, 2017 9:57am
sam68, thank you for starting v-formation thread, please find attached indicator.
Attached File(s)
File Type: ex4 vFormation 1.0.ex4   10 KB | 1,207 downloads
  • #32
  • May 21, 2017 11:56am May 21, 2017 11:56am
Quoting abokwaik
This version with EMA filter. (set to 0 to disable). {file}
Dear Abokwaik
backtest on EA done for eurodollar starting this year
is there a way to make the EA open position whenever there is a formation , regardless if an open trade is running or not.
Kindly see attached examples

https://www.mql5.com/en/charts/70885...choice-limited
What goes up will come down...
  • #33
  • May 21, 2017 11:59am May 21, 2017 11:59am
Quoting sam68
{quote} The master is here already , thank you for your EA , we will definitely make use of your skills !
Thank You.

This is an update with Trailing Stop.
Below is a back test in UJ/H4-2017, settings attached.

Attached Image (click to enlarge)
Click to Enlarge Name: v04_bt_uj_h4_17.png Size: 56 KB


EDIT : I will re-upload the EA in a minute.
Attached File(s)
File Type: rar V_System_04_set_file.rar   < 1 KB | 990 downloads
No guts, no glory
  • #34
  • May 21, 2017 12:11pm May 21, 2017 12:11pm
This V5 with custom reward to risk ratio , trailing stop and max number of open trades.
Attached File(s)
File Type: ex4 V_System_05.ex4   18 KB | 1,427 downloads
No guts, no glory
  • #35
  • May 21, 2017 12:12pm May 21, 2017 12:12pm
Quoting sam68
{quote} Dear Abokwaik backtest on EA done for eurodollar starting this year is there a way to make the EA open position whenever there is a formation , regardless if an open trade is running or not. Kindly see attached examples https://www.mql5.com/en/charts/70885...choice-limited
Done. (v05), set Max Orders to 2 or more.
No guts, no glory
  • #36
  • May 21, 2017 1:13pm May 21, 2017 1:13pm
Quoting abokwaik
{quote} Done. (v05), set Max Orders to 2 or more.
This is stunning piece of work Abokwaik , I hope we all get together and scan all pairs/TF for the perfect 4-5 pairs before any one start on his live account!

Now I have no further request except if you can throw a piece of money management calculator that defines risk % based on equity to decide position size in comparison to SL price

I attached a small indicator if that could be helpful.

Again, truly thankful
Attached File(s)
File Type: ex4 lot size calc.ex4   8 KB | 673 downloads
What goes up will come down...
  • #37
  • May 21, 2017 1:41pm May 21, 2017 1:41pm
Hi traders.i;m new to trading. how i set up this ea?
thanks
As with any system or strategy, it is not 100%
  • #38
  • Edited 6:09pm May 21, 2017 2:33pm | Edited 6:09pm
Quoting alicia19
Hi traders.i;m new to trading. how i set up this ea? thanks
Hi Alicia

I suggest to install the indi ( post 31 ) and watch the chart of your preferred pair on daily or H4 before trying the EA
Next step is to trade manually
after that you decide on proper setting
we will help you then,

My Regards
What goes up will come down...
  • #39
  • May 21, 2017 2:51pm May 21, 2017 2:51pm
Quoting abokwaik
{quote} Thank You. This is an update with Trailing Stop. Below is a back test in UJ/H4-2017, settings attached. {image} EDIT : I will re-upload the EA in a minute. {file}
I ran a few tests for Jan 2017 - to the present and they looked great, like this equity curve. So I went back and tested for 2 years and the picture changed.
  • #40
  • May 21, 2017 2:55pm May 21, 2017 2:55pm
Quoting gilab
{quote} I ran a few tests for Jan 2017 - to the present and they looked great, like this equity curve. So I went back and tested for 2 years and the picture changed.
which pair / TF Gilab?
What goes up will come down...
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