Forex



Go Back   Forex Trading > Discussion Areas > Metatrader 4
Forex Forum Register More recent Blogs Calendar Advertising Others Help






Register
Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.

From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.

Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
  • Elite Section
    Get access to private discussions, specialized support, indicators and trading systems reported every week.
  • Advanced Elite Section
    For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
See more

Reply
 
Thread Tools Display Modes
  #11 (permalink)  
Old 02-09-2006, 01:35 AM
fairwind's Avatar
Member
 
Join Date: Nov 2005
Location: West Australia
Posts: 55
fairwind is on a distinguished road
Hi Mark,

Interesting system you have presented, thanks.

Your MACD parameters, of 8, 30, 40. Is the 8 the signal line or the fast period?? If the 8 is the fast period then which is the signal line? Your thumbnail isn't quite clear enough for me to read, sorry mate.


Good trading to all..............
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #12 (permalink)  
Old 02-09-2006, 01:43 AM
DMCST's Avatar
Member
 
Join Date: Oct 2005
Location: Grand Haven Michigan
Posts: 45
DMCST is on a distinguished road
Just learning to trade

Building an ea is something i have no idea how to do. I have looked at the on line training on metaquotes editor but it looses me quick. I don't want you to think I am correcting you about the term ma but the trendline indicator is mostly a lsma. I took a lsma and entered a period of 12 and it laid right on top of my 12 yellow trend line. thanks for helping. this system looks very good to me. My problem is being at the computer at the exact entry point. and exit point. with this issue solved just enter multiple transactions and take the pips.

Thanks for the in put what do we do next.
How can I help?
__________________
I feel more like I do now, then I did a minute ago.

Mark
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #13 (permalink)  
Old 02-09-2006, 01:45 AM
Junior Member
 
Join Date: Jan 2006
Posts: 2
soundlab is on a distinguished road
Soundlab

Sunset, I am Marks partner (in confusion) and we do use a stop loss. So far we have found a 27 Pip SL to be close.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #14 (permalink)  
Old 02-09-2006, 01:48 AM
DMCST's Avatar
Member
 
Join Date: Oct 2005
Location: Grand Haven Michigan
Posts: 45
DMCST is on a distinguished road
Just Tradin

Sunwest you are correct in the getting in and out at what part of the candle could be quite a bit of slippage

Fairwind the macd 8= fastma period 30= slowma period and the 40= signalma period.

keep posting.

Mark
__________________
I feel more like I do now, then I did a minute ago.

Mark
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #15 (permalink)  
Old 02-09-2006, 01:51 AM
DMCST's Avatar
Member
 
Join Date: Oct 2005
Location: Grand Haven Michigan
Posts: 45
DMCST is on a distinguished road
Just Tradin

Sunwes yes we do use a stop loss like soundlab said usually 25 pips.
__________________
I feel more like I do now, then I did a minute ago.

Mark
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #16 (permalink)  
Old 02-09-2006, 01:55 AM
DMCST's Avatar
Member
 
Join Date: Oct 2005
Location: Grand Haven Michigan
Posts: 45
DMCST is on a distinguished road
first goal to learn

Well all one of the things I said I wanted to accomplish was to learn.

I am learning how to type, the proper English will come soon I hope.

Mark
__________________
I feel more like I do now, then I did a minute ago.

Mark
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #17 (permalink)  
Old 02-09-2006, 03:05 AM
DMCST's Avatar
Member
 
Join Date: Oct 2005
Location: Grand Haven Michigan
Posts: 45
DMCST is on a distinguished road
Trade entries per pair

Here is the idea I have for entering and take profit points. I have found there is 50 to 80 or more pips of volatility during each trade. This type of trade will maximize your profit.

Mark
Attached Images
File Type: gif Trade_take_profit_points.gif (2.7 KB, 767 views)
__________________
I feel more like I do now, then I did a minute ago.

Mark
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #18 (permalink)  
Old 02-09-2006, 03:39 AM
sunwest's Avatar
Member
 
Join Date: Jan 2006
Location: London
Posts: 94
sunwest is on a distinguished road
Ok thanks for the precision.

Here is an EA based from the LSMA with 2 LSMA lines together (slow + fast) and an arrow at the crossover to buy and sell.

S.
Attached Files
File Type: mq4 LSMA-V1.mq4 (2.6 KB, 453 views)
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #19 (permalink)  
Old 02-09-2006, 03:40 AM
sunwest's Avatar
Member
 
Join Date: Jan 2006
Location: London
Posts: 94
sunwest is on a distinguished road
Sorry in my last post I meant an indicator not EA, better go to bed I am a bit tired and it is 3.40 am, got to wake at 6.30 am
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
  #20 (permalink)  
Old 02-09-2006, 08:10 AM
Senior Member
 
Join Date: Jan 2006
Posts: 128
radicalmoses is on a distinguished road
Hi,

Nice work on backtest. I hope you dont mind my comments though.
Firstly, what you are doing is as old as technical anlysis and the basis of trend following systems for a long time.
The system does look simple and completely tradeable. However, just one month backtest is not good. As you will trade it you will find out a lot of reasons why your system might fail in the long run. The range bound days will wipe out all your profits. and since you need to take multiple profit levels you have to take positions all at once and if the positions go against you, you are looking at a big loss.

Have a look at hourly chart and see how lagging the indicators are you will notice that you are taking positions well over the long term MA. If positions will turn against you as in a range bound market. You are looking at large loss with a big position. While taking profits you are scaling out and locking in lesser profits. Well, your backtest suggest otherwise. I suppose that your backtest is based on eyeballing the charts.

If only trading was as easy as cross of MA and multiple level profits, wouldnt we just have one trading system and multimillionaires.

The question you have to as yourself is if you think such a simple system is so profitable, why would so many people spend s much time trying to device trading systems, indicators and strategies.

I think you will find trading live a different beast than backtest. And you are trying to trade 6pairs when you have just begun your trading career.

Trade one pair and master it before you move on. I am not trying to blow away your system, but I think you are missing out so much detail and concentrating on the obvious.

Higher time frames, supp/resistence, fibs, trendlines, news times,etc, just to name a few.
We cant afford to be naive in the markets. There are very intelligent people trading.

I am sure you will figure it out yourself. I wish you the very best.

That being said, your system is good because you have simple rules. Maybe you just need to find filters for those ranging days. Who knows, maybe we all can be profitable with such a simple system.

Would love to read the progress on this thread. Try out a demo and post daily results.

Last edited by radicalmoses; 02-09-2006 at 08:19 AM.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!StumbleUpon this Post!Reddit this Post!Facebook this Post!BlinkList this Post!Google Bookmarks this Post!Yahoo! My Web this Post!
Reply With Quote
Reply

Bookmarks

Tags
Trendline, trend line, trendline indicator


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
1000 pips in the past 2.5 weeks trading this system Cryten Suggestions for Trading Systems 12 04-13-2009 03:47 PM
LBR + 1000 pips in one week! Kalenzo Indicators - Metatrader 4 309 12-28-2008 08:10 PM


All times are GMT. The time now is 09:12 AM.



Search Engine Friendly URLs by vBSEO 3.2.0 ©2008, Crawlability, Inc.