Hello Forex Friendīs ! / Hallo Leute !!
First i want to say iīm from Austria, if there is somebody how speaks german please answer me in german, is easier to talk in a language you talk more then 25 years...
My problem is, i have a really good working trading system but i can trade it only manualy because i have absolutly no idea to pramming an Expert Advisor.
Ok, to the system... It is quiet simple, it use the "Kaufmann MA" (attached) and Parabolic SAR; Kaufmann with standard parameters, like attached,
Parabolic with the Settings: Step=0.05 Maximum=0.05
Now please watch the attached screenshot, when parabolic show a long signal and the Kaufmann indicator paint a blue point in his MA Line open a Long position.
When the parabolic show a short signal, and the Kaufmann paint a yellow point in his MA, open a short position. NEVER Trade against the maintrend in daily chart (look down to trading parameters) (in the screenshot i donīt care about the maintrend, i only draw the entrylines that you know what i mean, also reentrys are not signed)
The position should open exactly when the second indicator also shows the signal (not at close current candle or open next candle, if itīs possible programming that way)
If a trailing stop close a position, wait to the next candle who show a signal once more, then re-entry, but never against the maintrend in daily chart, (look down to trading parameters)
Reentryīs could be a very dangerous thing with wide stop losses, may be you have a suggestion....
If there is one position open long/short, system shouldnīt open more positons long or short in the same pair. Next position only can opened if previous position is closed in this currancy pair.
The vertical red lines in the screenshot chart shows the points of entry.
In the screenshot is one more indicator, please ignore them, i use it only for additional filtering the signals in manually trading with this system.
Manually i trade it now neer 3 months in two pairs, all together 6 false signals from more than 85 trades !
Trading Paramaeters:
Traded on: Meta Trader 4 (FIBO-Group and InterbankFX)
Actual Currancy Pairs: 4 Majors and EUR/NZD, EUR/NOK
Period:H4 (4 Hous Chart)
Maintrend Period: Daily Chart
Lot Size: 1 Lot beginning (May be use the LOT calculation module for EA)
Stop Loss: 150 Pips
Take Profit: No Take Profit
Trailing stop: 20 pips (long&short)
NEVER trade against the main trend, Maintrend: daily chart (for fix the maintrend only use parabolic, settings like above)
Also, if itīs possible the expert should send an e-mail to me when a new position is opened. (itīs not realy needed, but itīs comfortable)
I hope you understand my (not realy good) "school learned english", and thank you for answering !!!
P.S.: If you have some ideas to improve this system, so please let me know, iīm always open for suggestions !
best regrads to all FX-Traders,
mr.trader