Follow The Wave: a simple trading systeme

dreamfab · #1 (**permalink**) 05-10-2009, 06:26 PM

Follow The Wave: a simple trading systeme

Présentation:

I create my Expert with the nice web site:

>> Expert Advisor Builder for MetaTrader 4

It is a very simple EA wich use Bollinger Bands in the trend.

When the courts are over the exponential moving average 34 and go from "under the lower line" to "between the bands", I buy. same for sell.

Exit when the courts go back under the lower line or when TP/SL/Trailing Stop.

Real Live account:

>> Statement: 24290 - LABROUSSE Fabien

On this real account I use it and my other ea based on the RSI

Tests:

I made a backtest in H1 on GBPUSD

>> See the Backtest GBP USD from 2008 to 2009

Ideas for advance:

>> add a money management systeme

>> add a martingal systeme (risky)

If you have some ideas to advance, thank you to tell it here.

Nice Trade

RickW00716 · #2 (**permalink**) 05-10-2009, 08:19 PM

would you be able to post a chart showing this?

thank you

dreamfab · #3 (**permalink**) 05-10-2009, 10:18 PM

Yes, joint you can find an exemple of a sell signal.

Nice trading week.

RickW00716 · #4 (**permalink**) 05-11-2009, 01:36 AM

Does anyone else understand this?
For some reason I don't have a clue what "courts" are.

Pat46 · #5 (**permalink**) 05-11-2009, 08:09 AM

oh, just a bad translation from french "cours" meaning "price".

dreamfab · #6 (**permalink**) 05-11-2009, 01:27 PM

Yes it is, Pat46.

Sorry for English, I try to do the best.

Do you think that this system is stupid?

prasxz · #7 (**permalink**) 05-11-2009, 02:21 PM

I've shown in your statement that SL and TP both over your initial price did u use trailling stop ?

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Forex Indicators Collection

dino35 · #8 (**permalink**) 05-11-2009, 02:32 PM

hi bro,

very nice job !!!

You said "stupid": not of course, but take care when the market jump out of starting blocks man !!!
for example: big news, major support or resistance broken;
So, it need a very close stoploss when you enter, says highest high +5
Embended ATR could help, and dealing with digits broker lenghts (have a look at watl_14_2 for copy/paste)

Some more requests: MM, auto Magic, additional entries when bouncing, step take profit ...

Well, i test it and report later indeed

dino35 · #9 (**permalink**) 05-11-2009, 02:37 PM

hi bro,

very nice job !!!

You said "stupid": not of course, but take care when the market jump out of starting blocks man !!!
for example: big news, major support or resistance broken;
So, it need a very close stoploss when you enter, says highest high +5
Embended ATR could help, and dealing with digits broker lenghts (have a look at watl_14_2 for copy/paste)

Some more requests: MM, auto Magic, additional entries when bouncing, step take profit ...

Well, i test it and report later indeed

dino35 · #10 (**permalink**) 05-11-2009, 04:15 PM

well, have been looking closer
think you must reread conditions to enter /exist

examples:
- current =now ok
- current + 0 = now (same above)
- current + 1 = next (= future = unknown !!! )

instead
- current - 1 = previous ( ok known)

Do you think that ema 34 can be higher than iband (upper) ?
I'm not sure !!!

Courage brother , take time to compare what you see & what you write