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  #1 (permalink)  
Old 12-03-2006, 09:27 PM
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Lightbulb GMG - profitable system need EA

My first post...sorry for the bad English...
Hope somebody...guru-programmer will find it interesting and write an EA.

It's a simple system based on 3 indicators:
Cool, Supertrend and CCI.

Enter Long if CCI and Supertrend are green and Cool is on top of Supertrend.
Open two positions. First position 10pips T/P and second is closed when one of the conditions changed.

Enter short when CCI and Supertrend are red and Cool is below Supertrend.
Again open two positions. One with 10 pips T/P and the second is closed if one of the indicators changed.

Can be used with any time frame and currency, but EUR/USD 15min and 1H works best for me.

Regards
GMG
Attached Images
File Type: jpg 1.jpg (111.3 KB, 830 views)
Attached Files
File Type: mq4 FX Sniper's T3 CCI.mq4 (2.9 KB, 316 views)
File Type: mq4 Supertrend.mq4 (3.3 KB, 319 views)
File Type: mq4 Cool2.mq4 (2.2 KB, 351 views)
File Type: rar gmg.rar (661 Bytes, 279 views)

Last edited by atlist; 12-03-2006 at 10:29 PM.
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Old 12-03-2006, 11:23 PM
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In gmg.rar is the template file.
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Old 12-04-2006, 12:33 AM
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Why do you think this is a profitable system? Do you have manual test results to back up that claim?

Thanks.
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Old 12-04-2006, 01:01 AM
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Smile

Hi Maji,

I've been using this system for about a month on a demo account and the account goes almost double. I didn't trade only with that system so I can't say exactly how profitable is in %, but from all my 3 setups, this is the most reliable and profitable.

I can say I have tried almost every indicator and system on this forum and my system is the result for the last 6 months of reading and testing.

GMG
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Old 12-04-2006, 08:52 AM
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Can you post statement
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Old 12-04-2006, 10:56 AM
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Question Ranging markets?

Atlist

Itīs clear this system can be a good trend follower system the question is what happen with choppy markets. Can you give a feed back about this?
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Old 12-04-2006, 01:43 PM
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Quote:
Originally Posted by Tragapips
Atlist

It´s clear this system can be a good trend follower system the question is what happen with choppy markets. Can you give a feed back about this?
Good question Tragapips.
The system is not that profitable with choppy markets. In my first post I noticed that I open 2 orders. The first one is giving us 10 pips profit to keep us save if the market goes in opposite direction, news time and choppy markets.

If you take a look on my print screen you will see that more than 90% market move 10+pips when Cool cross Trendline.
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Old 12-04-2006, 04:10 PM
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Hi! I've been trading with your system (live) on GBPUSD TF15 with great result. But I'm not waiting for CCI to changed it's color because if I do so then it's already too late. I just using the cool cross with the super trend and take 10 pips (it's enough for me). Maybe you want to consider changing the CCI with something else like FX Snipers Ergodic CCI ?
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Old 12-04-2006, 04:44 PM
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Quote:
Originally Posted by alpin
Hi! I've been trading with your system (live) on GBPUSD TF15 with great result. But I'm not waiting for CCI to changed it's color because if I do so then it's already too late. I just using the cool cross with the super trend and take 10 pips (it's enough for me). Maybe you want to consider changing the CCI with something else like FX Snipers Ergodic CCI ?
alpin,

Do you wait for Snipers CCI to cross or do you ignore it?
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Old 12-04-2006, 04:55 PM
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Quote:
Originally Posted by atlist
Good question Tragapips.
The system is not that profitable with choppy markets. In my first post I noticed that I open 2 orders. The first one is giving us 10 pips profit to keep us save if the market goes in opposite direction, news time and choppy markets.

If you take a look on my print screen you will see that more than 90% market move 10+pips when Cool cross Trendline.
Hi Atlist !!
I noticed that even in choppy market Cool2 can be profitable if you play with ema cross 5 min.
Still testing, but i think that way we can take about 10 pips per cross average with a better win ratio (15 min chart). Maybe adding a 5 min Ema to your setup we can make your sistem even more profitable. What do you think about?
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