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Old 02-08-2006, 07:26 PM
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DMCST DMCST is offline
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Marks trendline cross system 1000 pips

Marks Trend cross system.

Hi all, I am starting this thread with a couple things in mind.
  • I want to learn more about metatrader and how it can be customized.
  • I have a simple system that seems to work.
  • Optimize this system or blow it up.
  • Get to know more people and learn.
Well that’s a good start.
Let me explain, I am new to the investment community, real new and I just got involved with forex a few months ago. I am very eager to learn and share. Let me explain the system I am using, and any help testing and improving would be appreciated.

Here are the pairs I am watching and paper trading.
eur/usd, usd/jpy, gbp/usd, usd/chf, eur/jpy, eur/chf. 4 pip spread or less.

System: 2 modified trendline indicators, one on top of the other at different periods making them cross. Trendline 1 is set at Rperiod 12, lsma_period 12, plotting the yellow line. Trendline 2 is set at Rperiod 65, lsma_period 65, plotting the red line. I modified the trendline indicator in my chart to get rid of the double lines. I will attach the indicator, and the spread sheets I used to back test the system.

I back tested it on 4 pair using a 1hr chart, gbpusd, usdchf, eurusd and usdjpy. My back testing only went back to January 06, and all pairs indicated 1000 pips or more except usdjpy which netted around 900 pips.

Yesterday I started back testing using multiple take profit trades, when I did this with 3 take profit strike prices 25, 50, and 75 it added another 500 pips to the net outcome of each pair. I did miss a couple of wipsaw trades and I apologize for that, they might have taken some of the profits but not much.

Can someone customize the trendline indicator to have one set of indicator lines, and or make an ea to allow automatic trading at the line cross. I am also looking for a tool that will enter multiple positions in a trading pair (see table below) with definable lot size, take profit and stop loss per entry.

I am sure I am not asking for much (lol) but if nothing else let’s talk about it.

Example: Multi position trade. One click

see attached table

Thanks

Mark

let the beatings begin
Attached Images
File Type: gif multi-position-table.gif (4.1 KB, 1820 views)
Attached Files
File Type: zip marks trend system.zip (68.2 KB, 1259 views)
__________________
I feel more like I do now, then I did a minute ago.

Mark

Last edited by DMCST; 02-08-2006 at 07:45 PM. Reason: Chart table did not show correctly
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