Forex



Go Back   Forex Trading > Discussion Areas > Suggestions for Trading Systems
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
  #1 (permalink)  
Old 08-22-2009, 04:13 AM
Dreamliner's Avatar
Senior Member
 
Join Date: Jul 2007
Posts: 190
Dreamliner is on a distinguished road
Simplest GBP/JPY System Ever

Pair: GBP/JPY (because of large daily range)

Start: 00 GMT

1. Place Buy Stop order 50 pips above market open with a 50 pip stop loss, and no take profit.

2. Place Sell Stop order 50 pips below market open with a 50 pip stop loss, and no take profit.

Close all orders at 2359 and repeat.

This is a profitable set-and-forget system. I have no figures and have only backtested for a few weeks.

Please backtest, or use EA for backtesting, and post results here.
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
  #2 (permalink)  
Old 08-23-2009, 04:21 AM
Junior Member
 
Join Date: Jul 2009
Posts: 29
lordfx is on a distinguished road
Hi,

23:59 what time zone????? or what broker did you test on ??????

Cheers
Lordfx
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
  #3 (permalink)  
Old 08-23-2009, 04:24 AM
Junior Member
 
Join Date: Jul 2009
Posts: 29
lordfx is on a distinguished road
ohhh i'm a D#!khead, just noticed you said 00:00gmt LOL. Scratch the time zone question lol.


Lordfx
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
  #4 (permalink)  
Old 08-23-2009, 11:02 AM
cja's Avatar
cja cja is offline
Senior Member
 
Join Date: Apr 2006
Posts: 676
cja is on a distinguished road
Open Indi

Quote:
Originally Posted by Dreamliner View Post
Pair: GBP/JPY (because of large daily range)

Start: 00 GMT

1. Place Buy Stop order 50 pips above market open with a 50 pip stop loss, and no take profit.

2. Place Sell Stop order 50 pips below market open with a 50 pip stop loss, and no take profit.

Close all orders at 2359 and repeat.

This is a profitable set-and-forget system. I have no figures and have only backtested for a few weeks.


Please backtest, or use EA for backtesting, and post results here.

Use this to back test your idea
I modified an existing indicator and added your levels.
Enjoy


Open_BuySell.mq4

Open Indi.gif
__________________
My Disadvantage is that I am not a Trained Programmer - My Advantage is that I am not a Trained Programmer.
http://cjatradingtools.com/
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
  #5 (permalink)  
Old 08-24-2009, 12:27 AM
Dreamliner's Avatar
Senior Member
 
Join Date: Jul 2007
Posts: 190
Dreamliner is on a distinguished road
Quote:
Originally Posted by lordfx View Post
Hi,

23:59 what time zone????? or what broker did you test on ??????

Cheers
Lordfx
GMT just as in the entry. thank you.

Last edited by Dreamliner; 08-24-2009 at 12:28 AM. Reason: spelling errors
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
  #6 (permalink)  
Old 08-24-2009, 01:02 AM
fxnewbie's Avatar
Senior Member
 
Join Date: Jun 2006
Posts: 497
fxnewbie is on a distinguished road
Quote:
Originally Posted by cja View Post
Use this to back test your idea
I modified an existing indicator and added your levels.
Enjoy


Attachment 88847

Attachment 88846
Instead trading GJ, this indicator is much better for GBP/US. Actually, I find that is a GREAT indicator for that particular pair.

Thanks a lot, CJA !!!... I was needing some kind of weapon to handle that pair. Now, you give me a CANON . U are great !!!...

Last edited by fxnewbie; 08-26-2009 at 03:38 PM.
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
  #7 (permalink)  
Old 08-24-2009, 08:11 PM
Member
 
Join Date: Aug 2008
Posts: 45
chamane is on a distinguished road
Why not a trailing stop, something like 50 or 75 pips? You would be able to cut your losses (with sometimes small gains) on rangning situations like in the pic (3 days in a row) and yet catch big moves like the one at the right?

Chamane

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
  #8 (permalink)  
Old 08-24-2009, 10:24 PM
Junior Member
 
Join Date: Nov 2008
Posts: 10
FXExpert is on a distinguished road
What is the money managment that you use for this TS ?
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
  #9 (permalink)  
Old 08-25-2009, 03:05 AM
Member
 
Join Date: Aug 2008
Posts: 45
chamane is on a distinguished road
Quote:
Originally Posted by FXExpert View Post
What is the money managment that you use for this TS ?
I haven't tried this system yet. But I would follow Dreamliner's rules with the addition of a trailing stop (50-75 pips) to minimize losses during choppy markets.

Chamane
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
  #10 (permalink)  
Old 08-25-2009, 12:53 PM
Junior Member
 
Join Date: Nov 2008
Posts: 10
FXExpert is on a distinguished road
I'm closing profits earlier , when it get to 20 , 25 pips , I open the orders here at 21:00 -3 GMT and the day after I close when it is in profit
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


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
Simplest in the world, no loss, profit always ester Expert Advisors - Metatrader 4 21 08-02-2009 02:27 PM
Another simplest way to trade wulancantiq2000 Suggestions for Trading Systems 11 01-20-2009 09:11 PM
Simplest way to trade in forex market wulancantiq2000 Suggestions for Trading Systems 22 12-30-2008 07:47 AM


All times are GMT. The time now is 06:45 AM.



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