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  #1 (permalink)  
Old 05-16-2009, 01:42 AM
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New System!

I have created a system that appears very successful, however, I would like any comments or see if anyone could improve my system. It appears to be profitable without using any kind of progression money/money management system.

I am using 3 indicators, 2 of which are basically the same I believe. Ive attached the 3 indicators. the fist is the MT4-LevelStop-Reverse-vvB0-4, second is MT4-LSAR. the third is the solar wind indicator. when both the candles are below the MT4 line and the solar wind indicator is red and the candle is completed, enter a short position. vice versa for sale positions. close the position when the solar wind indicator changes direction.

thanks for your input!
Attached Files
File Type: mq4 MT4-LevelStop-Reverse-vB0-4.mq4 (11.7 KB, 171 views)
File Type: ex4 MT4-LSAR.ex4 (5.9 KB, 134 views)
File Type: mq4 Solar Wind mod1.mq4 (2.1 KB, 132 views)
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Old 05-16-2009, 02:04 AM
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I know the Solar Wind repaints like crazy, how about the other indicators? Have you traded this live? If so, what has been your results?
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Old 05-16-2009, 02:14 AM
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Quote:
Originally Posted by brgolfer View Post
I have created a system that appears very successful, however, I would like any comments or see if anyone could improve my system. It appears to be profitable without using any kind of progression money/money management system.

I am using 3 indicators, 2 of which are basically the same I believe. Ive attached the 3 indicators. the fist is the MT4-LevelStop-Reverse-vvB0-4, second is MT4-LSAR. the third is the solar wind indicator. when both the candles are below the MT4 line and the solar wind indicator is red and the candle is completed, enter a short position. vice versa for sale positions. close the position when the solar wind indicator changes direction.

thanks for your input!
What do you mean, "When both the candles?"
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Old 05-16-2009, 02:18 AM
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Quote:
Originally Posted by ChicagoRob View Post
What do you mean, "When both the candles?"
I think he means when all the conditions are met. "when both the candles are below the MT4 line and the solar wind indicator is red and the candle is completed"

He should have said, "when the candle is below the MT4 line and the solar wind indicator is red..."
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Old 05-16-2009, 02:23 AM
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could u post a screen shot explanation of your system?
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Old 05-16-2009, 02:28 AM
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lol sorry, just take out the word both and it makes since. i mean both when the lsar and solar wind agree. i havent noticed solar wind repainting, after the candle has closed, but ill have to check that out. i was also wondering if anyone had any suggestions for any kind of progressions money management system

thanks for your input!
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Old 05-16-2009, 02:40 AM
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I have not traded live with it yet, so i have no results yet
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Old 05-16-2009, 03:14 AM
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This does indeed look like a great system; put in on a 15 min Eur/Usd chart and looks very good. The only thing to determine is if the Solar Wind repainting will affect this negatively, other than not being able to backtest.

I assume the author of this thread has traded this live or would not have posted here, so let's see how he has handled the repainting indicators.
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Old 05-16-2009, 03:30 AM
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i like to handle the repainting indicator by punching my wife. lol it doesnt repaint after the candle is closed, so wait til the candle is closed before trading.

with a demo account for the past few weeks ive made $134 with a starting $1000 account.
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Old 05-16-2009, 09:46 AM
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Stop loss

How are you implementing your stop loss?

Rob
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