Marks trendline cross system 1000 pips

DMCST · #1 (**permalink**) 02-08-2006, 08:26 PM

Marks Trend cross system.

Hi all, I am starting this thread with a couple things in mind.

I want to learn more about metatrader and how it can be customized.
I have a simple system that seems to work.
Optimize this system or blow it up.
Get to know more people and learn.

Well that’s a good start.
Let me explain, I am new to the investment community, real new and I just got involved with forex a few months ago. I am very eager to learn and share. Let me explain the system I am using, and any help testing and improving would be appreciated.

Here are the pairs I am watching and paper trading.
eur/usd, usd/jpy, gbp/usd, usd/chf, eur/jpy, eur/chf. 4 pip spread or less.

System: 2 modified trendline indicators, one on top of the other at different periods making them cross. Trendline 1 is set at Rperiod 12, lsma_period 12, plotting the yellow line. Trendline 2 is set at Rperiod 65, lsma_period 65, plotting the red line. I modified the trendline indicator in my chart to get rid of the double lines. I will attach the indicator, and the spread sheets I used to back test the system.

I back tested it on 4 pair using a 1hr chart, gbpusd, usdchf, eurusd and usdjpy. My back testing only went back to January 06, and all pairs indicated 1000 pips or more except usdjpy which netted around 900 pips.

Yesterday I started back testing using multiple take profit trades, when I did this with 3 take profit strike prices 25, 50, and 75 it added another 500 pips to the net outcome of each pair. I did miss a couple of wipsaw trades and I apologize for that, they might have taken some of the profits but not much.

Can someone customize the trendline indicator to have one set of indicator lines, and or make an ea to allow automatic trading at the line cross. I am also looking for a tool that will enter multiple positions in a trading pair (see table below) with definable lot size, take profit and stop loss per entry.

I am sure I am not asking for much (lol) but if nothing else let’s talk about it.

Example: Multi position trade. One click

see attached table

Thanks

Mark

let the beatings begin

Audio · #2 (**permalink**) 02-08-2006, 08:53 PM

Hi mark, great to see some one like you to make a start ,DONT BE TO MODES .We all start from some thing ,aint so great at first time but it will pay off by the time goes by.May Good luck& Suxses will be with you .Audio

DMCST · #3 (**permalink**) 02-08-2006, 09:24 PM

Thanks for the warm welcome Audio.
Mark

FXHound · #4 (**permalink**) 02-08-2006, 10:50 PM

I did copy the indicator file but not working. I also set up sma 12 and sma 65 but it did not look like your USD/JPY chart. Can you send me the template file?

Thanks

DMCST · #5 (**permalink**) 02-08-2006, 11:11 PM

Thanks for looking I will put the template and the indicator back on. I hope this works for you.

I can't seem to upload anything for some reason. Is there another way I can send this to you?
I would like to post the template. I will try reboot.

Mark

FXHound · #6 (**permalink**) 02-08-2006, 11:15 PM

Hi Mark,

If that is not possible... you can tell me how do I set up those two moving averages manually then we can figure out about the indicator later on. I just want to make sure that my USD/JPY chart matches with your chart to make sure that I have the correct moving average lines.

Thanks!

DMCST · #7 (**permalink**) 02-08-2006, 11:28 PM

Here we go, I lost my internet connection. Try this.
Mark

FXHound · #8 (**permalink**) 02-08-2006, 11:58 PM

Mark,

Thanks... it worked!!! I noticed that on your chart image for USD/JPY that you did not use Trendline. Should I ignore it or what? Also, what should I do with CCI (6) and RSI (14)?

Thanks

DMCST · #9 (**permalink**) 02-09-2006, 12:46 AM

I have a special MACD set at 8, 30, 40 and a CCI-6 with a RSI-14 in with this. I use this to help me confirm market direction. The indicator trendline, when you first put it on your chart has these great big lines that indicate red for down trend and blue for up trend. I put two of these indicators on my chart and turn off 3 of the for color options and change the blue to yellow put the 12, 12 signal in it and then modify the the other indicator turn off 3 color indicators and input the 65, 65 where the signal goes. I hope this has helped. let me know. I have attached another image

Mark

sunwest · #10 (**permalink**) 02-09-2006, 12:48 AM

Thank you very much Mark for your effort to present us your ideas, backtest and the indicators.
I think we are all learning from each other which makes this place a great forum.
so to sum up your system:

- When the fast MA (12) crosses from below the slow MA (65) you buy

- When the fast MA (12) crosses from above the slow MA (65) you sell

3 level of take profit: 25 50 and 75
No stop loss ?

When I checked your manual backtesting I notice that when taking price, you didnot take Open or close of the next bar but at the exact cross ?
I am not sure if you woul be able to reproduce this in forward testing.

Ex: the cross for the EUR/USD on the 6th of January 1H 14:00 GTM, you close your sell at 1.2112, I am not sure in real time you would have closed that trade at that price and may have closed it at the bar close 1.2161.
I mean this is a bit extreme but your profit can go quite quickly in this case.

I am not here to argue, I think it is interesting so lets start this indicator + EA.
Thanks for sharing.
S.