Hello people!

I found this trading system for tradestation and I was wondering if someone can make an indicator for mt4 for this. At the end of the file you will see the test results from tradestation and it looks promising.

Thanks in advance for any attempts.

McDuck

Attached Images

Super Combo Day Trading Strategy.pdf (171.7 KB, 454 views)

Can somebody please tell me what he thinks?

I believe with these ideas the "Volatility Breakout system" can be improved significantly.

Come on people!

Just remember the most succesful trading systems use similar methods and they are sold for $$$$.

Thanks

McDuck

The system you posted uses gaps. As forex is a 24 hour market, there are only a few gaps, most happen when the market opens on Sunday. However, someone can decide that a forex day is only between the open of Europe to close of US trading. In that case, there will be more gaps and the strategy can be formulated. However, it is beyond my capability to create a day between two given hours, so I can't do it. Rest of the rules are simple enough for me.

Hope someone takes up the challenge.

Maji

good idea ！

Hi Maji. Thanks for your post but I am afraid this system has nothing to do with gaps, it is a counter trend system. You probably read only page 3.

In the “Volatility breakout system” you calculate previous day range and your buy signal is at 70% of that range added to the open and your sell is at 70% subtracted from the open.

I like this strategy and it has worked for many people. But do you know what would be cool? If you could predict a break out before it happens, when the market has very low volatility. (I will give more ideas on this if more people are interested and participate).

This is what Super combo is trying to do. First of all it is buying breakouts but it also knows that there is a great likelihood that the initial break might fail.

To be more specific let us define a small range bar (SRB): compare the absolute value of the open-close of yesterday’s bar to the average of the absolute values of the past 10 days open-close ranges. If the bars open-close range is less than 85% of the 10-day average open-close range then it is considered an SRB.

An “Easier-buy day” is when the close is smaller or equal to yesterday’s close.
An “Easier-sell day” is when the close is bigger than yesterday’s close.

So when you have an SRB and Easier BD you buy at the open plus 30% of the 10- day average range (not true ranges. You sell at the open minus 60% of the 10-day average range.

When you have an SRB and Easier SD you sell at open minus 30% of 10-day average open-close range. You buy at open plus 60% of the10-day average range.

Protective stops at 25% of the average range at entry point.

This system was tested at Tradestation in 5 min bars for a period of 16 years and gave a net profit of $ 188913. Full report is at the pdf file.

If anybody liked the “Volatility break out system” please check this also.

Thanks

Mc Duck

Hi,

hope it's ok &).(the result is looking VERY good)

Cheers.

Attached Files

0_ VBS.mq4 (2.1 KB, 299 views)

ShadowWz,

can you please explain it a little? Where is the entry point?

Hi,

if you have arrows on bar it's mean at next bar you buy at green arrow level or sell on red arrow level.

Cheers.

Hi Shadow,

have you used this for trading? is it good?

Hi,

i really don't know,but i think McDuck can say if it's good or not.
- i just coded it and looked how it looks,and it's nice &).

Cheers.