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Here is another great free system from OILFXPRO for free developers.A free expert adviser will be provided in due course ,if one is not compiled by free developers.
This free system is also posted on other message boards,so if thread is deleted just search the net.
The system templates are provided
TIME FRAME
Can be used on 5m,15m,30m,60m
Rules
MACD 1 with settings 12,18 and 15
MACD 2 with settings 48,104 and 36
Set trigger level on Macd 1 at 0.0007 and -0.0007
For longs both macd must be positive and trigger levels 0.0007 must be touched and for shorts both macds must be negative and trigger level of
-0.0007 must be touched
Stop loss on hourly charts are 70 pips euro /usd and 100 pips cable
What made you chosse +/-0.0007 for the MACD as the line to use for EU and GU? Do you have values for other currency pairs?
ET
0.0007 looked as reasonable area to differentiate between trending and non ranging and to filter out ranging days
The e/y try 0.20 and gbp /yen try 0.3.I say try because this system is in early stages
The system will rely on quick exits , optimum stops and letting your profits run.Once we have a public EA ,we can do a lot of testing to find the best settings for each pair
I use similiar systems on expert advisors for my main trading and my own systems are profitable.This system is for free development
Am creating EA for you now, do you have a trigger value for the 2nd set of MACD? Or when 1st set of MACD above 0.0007 whilst 2nd set above 0 to trigger buy?
Regards
David
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
Am creating EA for you now, do you have a trigger value for the 2nd set of MACD? Or when 1st set of MACD above 0.0007 whilst 2nd set above 0 to trigger buy?
Regards
David
Davidke20
Firstly thank you for compiling this EA.
when 1st set of MACD above is 0.0007 whilst 2nd set above 0 to trigger buy.This is correct.
Please input adjustable trigger levels for both macds ,should we decide to use a trigger other than zero for the second MACD ,it is always available.
Also require pips for entry (pips value of x pips is added to longs and pips value of x pips is deducted from short price before entry ..............example Long entry signal is 1.2000 ,pips for entry 10 ,actual entry would be 1.2210 ...........short entry would be at 1.2000 - 0.0010 =1.9990)
when 1st set of MACD above is 0.0007 whilst 2nd set above 0 to trigger buy.This is correct.
Please input adjustable trigger levels for both macds ,should we decide to use a trigger other than zero for the second MACD ,it is always available.
Also require pips for entry (pips value of x pips is added to longs and pips value of x pips is deducted from short price before entry ..............example Long entry signal is 1.2000 ,pips for entry 10 ,actual entry would be 1.2210 ...........short entry would be at 1.2000 - 0.0010 =1.9990)
Thanks
Best Regards
OILFXPRO
Is this a system you've been manually trading for years?
when 1st set of MACD above is 0.0007 whilst 2nd set above 0 to trigger buy.This is correct.
Please input adjustable trigger levels for both macds ,should we decide to use a trigger other than zero for the second MACD ,it is always available.
Also require pips for entry (pips value of x pips is added to longs and pips value of x pips is deducted from short price before entry ..............example Long entry signal is 1.2000 ,pips for entry 10 ,actual entry would be 1.2210 ...........short entry would be at 1.2000 - 0.0010 =1.9990)
Thanks
Best Regards
OILFXPRO
OK. Here you go. Good luck.
PHP Code:
extern int Magic_number = 772188;
extern int Take_Profit = 700;
extern int Stop_Loss = 70;
extern int TrailingStop = 70;
extern double Lots = 0.1; // Lot size
extern int Gap = 20; // Pending orders distance
extern int Slippage = 3; // Slippage tolerence
extern int Duration = 0; // Time to kill pending orders if untrigger
extern string MACD_Setup;
extern int Fast_EMA1 = 12;
extern int Slow_EMA1 = 18;
extern int Signal1 = 15;
extern double Trigger1 = 0.0007;
extern int Fast_EMA2 = 40;
extern int Slow_EMA2 = 104;
extern int Signal2 = 36;
extern double Trigger2 = 0.0000;
extern bool CloseNReverse = false; // If opposite signal occur, close previous trade
__________________
"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
Is this a system you've been manually trading for years?
Matreibix
It is very similiar to a profitable system that I use for my own trading.My own system is on expert advisors ans was developed privately with paid programmers.
This system is posted for free development and free use by the community.
Most of my systems have 50% approximate profitability rates.90 % which you require is a holy grail.I am sorry I have not got it.
Profit from trading is made by running your profits and cutting your losing trades and losses
This system will rely on profits of 3.5 times stop loss ,so if you lose 35 pips then your eventual profit target is 100 pips for your winners.
example 10 trades
33% hit rate
7 trades lose 35 pips =245 pips losses
3 trades win 100 pips = 300 pips profit
Net profit is 55 pips
50 % hit rate
5 trades profit of 100 =500 profit
5 trades loss of 35 pips= 175 loss
Net profit is 325 pips
It is very similiar to a profitable system that I use for my own trading.My own system is on expert advisors ans was developed privately with paid programmers.
This system is posted for free development and free use by the community.
Most of my systems have 50% approximate profitability rates.90 % which you require is a holy grail.I am sorry I have not got it.
Profit from trading is made by running your profits and cutting your losing trades and losses
This system will rely on profits of 3.5 times stop loss ,so if you lose 35 pips then your eventual profit target is 100 pips for your winners.
example 10 trades
33% hit rate
7 trades lose 35 pips =245 pips losses
3 trades win 100 pips = 300 pips profit
Net profit is 150 pips
50 % hit rate
5 trades profit of 100 =500 profit
5 trades loss of 35 pips= 175 loss
Net profit is 325 pips
My style of trading may not be for you
OILFXPRO
If at the end of every week I end up with profit, that is my Holy Grail
Does it really matter what TF or Currency I use?
Linear Mode
