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Old 02-07-2006, 12:22 AM
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Super 7 Trading System

I use a modified version of the ASC Trend system. I call it the "Super 7" because I use 7 indicators that help me improve this already profitable system.

The indicators I use are as follows:

ASCTrend1sig
ASCTrend1
ASCTrend2
TrendManager
SilverTrend
OsMA
TrendTriggerMod

Also, for better visual effects. I have re-color coded all indicators either green (long) or red (short).

I use OsMA and TrendTriggerMod to reduce down whiplash and they appear to do that very well.

I have basically tried about every trend indicator out there. I discarded the ones that either did the same thing these do or are difficult to understand. So I have settled with just the seven indicators inclosed. Here is how I filter the trades to reduce whiplash.

I have color coded all indicators to either Lime Green (Bullish) or Red (Bearish). In this way, it one can quickly look at the chart and see what the trend is looking like.

The only rule I follow is this after setting up all indicators: The 3 must AGREE.

What three indicators am I talking about:

ASCTrend1sig- This is the first indicator if the arrow points either Red (Bearish) or Green (Bullish)

OsMA- This is the second indicator. The Bars must AGREE with the above Signal. In other words, if the bars are up from 0 then it is Bullish or down from 0 then it is bearish.

TrendTriggerMod- The line must be moving in the correct direction that agree with the above two indicators. Moving up means that it is bullish, moving down means that it is bearish. If the line is moving the wrong direction or flat, wait a bar or two to see if the direction changes.

Remember, do this only on the 1 hour chart. The 1 hour chart does a good job filtering out the noise the others seem to have.

By following the above rules, you will catch EVERY major trend and reduce whiplash down during the none trending (flat) times.

My goal in posting this is to see if some brilliant coder could make an EA of these rules, combine the rules to make an easier to read signal or improve upon the existing system that I use.

I believe you can use this on most currency pairs. I have been demoing this this with the EURUSD, GBPUSD, USDJPY, NZDUSD, GBPJPY and a couple others. Unfortunately, since I can't be at my computer 24 hours a day 7 days a week, I can't alway keep an eye on what is happening and may miss trades and/or opportunities.

Enclosed is a few screen shots of the system currently. Notice in the screen shots how to use the filters I described to reduce whiplash.

Remember, the 3 MUST AGREE

Any other questions or any indicators that you all might think of adding would be great.
Attached Images
File Type: gif gbpjpy.gif (26.7 KB, 3869 views)
File Type: gif gbpusd.gif (25.0 KB, 3312 views)
File Type: gif nzdusd.gif (26.9 KB, 3075 views)
File Type: gif usdjpy.gif (25.7 KB, 3162 views)
Attached Files
File Type: zip Super7.zip (7.9 KB, 897 views)

Last edited by newdigital : 04-04-2006 at 04:47 PM.
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Old 02-07-2006, 03:42 AM
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super7

HI holyguy7 ,glad you here never seen some thing like these before it glow man what else do we neet before we test run it ?
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Old 02-07-2006, 10:04 AM
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Be Careful about upcoming Forex News Events

Be careful about upcoming Forex News releases. Sometimes news releases do very little to the trend and other times, as shown below, they can destroy them.

I was running the Super 7 system and just opened up 3 positions with the yen using different currency pairs on a new demo account. Unfortunately, I was on the wrong side of 2 our of 3 currency pairs. Just be careful when the news comes out.
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File Type: gif yen.gif (32.1 KB, 3258 views)
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Old 02-07-2006, 10:08 AM
newdigital newdigital is online now
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newdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud ofnewdigital has much to be proud of
Some people use this Filter_AO.mq4 indicator as well (or instead of some other indicator): green color is untrend confirming, and red color is downtrend (irrespective of below or above zero).

And SilverTrend_Signal With Alert v3.mq4 instead of ASCTrend1sig (it is the same but with alarm).

But, may be, it is for an other system: Brainwashing system.
Yes it may be not for Super 7 Trading System.
Because I just found this filter AO indicator (modified AO).
Attached Images
File Type: gif 1.gif (17.8 KB, 3320 views)
Attached Files
File Type: mq4 Filter_AO.mq4 (2.7 KB, 726 views)
File Type: mq4 SilverTrend_Signal With Alert v3.mq4 (3.2 KB, 597 views)

Last edited by newdigital : 02-07-2006 at 10:25 AM.
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Old 02-07-2006, 01:11 PM
dirk dirk is offline
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Guys ,big help adding Stormy indicator
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Old 02-07-2006, 02:53 PM
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Nicholishen Nicholishen is offline
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HolyGuy,

What are you presently using for your exiting strategy?
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Old 02-07-2006, 09:01 PM
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hi holyguy7 I think the trend triggermode is not realy go with some of your indi , if we have to wait till all in one joint there is some miss trade as you can see the picture of wrong entry , is becoz trandtrigger still in sell .cheers

Last edited by Audio : 02-07-2006 at 09:05 PM.
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Old 02-08-2006, 12:02 AM
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holyguy7 holyguy7 is offline
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Exit Strategy is Easy

My exit strategy is very easy. The 3 main indicators MUST agree. Simple as pie. I added in indicators from newdigital and they are giving some mixed results. Some trades are better but others are worse.

Check out the following screen shot and you decide.
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Old 02-08-2006, 01:20 AM
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hi holyguy7 is these aright set up?
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Old 02-08-2006, 09:13 AM
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Smile Modification of Super 7 to Super 8

Quote:
Originally Posted by Audio
hi holyguy7 is these aright set up?
Looks very good. I also added in NewDigital's two indicators and took out the ASC Trend Signal for simplification. What I like about SilverTrend Signals is that they seem to find the trend earlier than ASC's, however, they do give more signals and whiplash more often.

However, if you use this with the other indicators, it should work out better. Also remember to use some common sense. For instance some times that you will want to watch out for are:

1. News announcements (be prepared for major ones especially)
2. Asian Session. I seems that there is the most whiplash during the asian session because the price is not moving too much. I would just take a wait and see approach during that time and usually around 2 p.m. EST the price starts trending in one direction or another again.

Perhaps creating an EA that closes the trade at the beginning of the Asian session might be a way to go.

Anyhow, I have modified the system to add another indicator that appears to help by NewDigital (thanks). The Filter AO appears to be a good addition to the trend trading system.

Here is all the indicators and my recolored profile so that you don't have to do the work to recolor code the indicators yourself.

A few more screen shots to boot. Now, the 4 must agree. Not as catchy but if it make us money, who cares, I will use it if it is profitable even if it is call Pig Barf Trending System.
Attached Images
File Type: gif eurusd.gif (30.1 KB, 3100 views)
File Type: gif gbpjpy.gif (16.3 KB, 2811 views)
File Type: gif nzdjpy.gif (28.9 KB, 2913 views)
Attached Files
File Type: zip Super8 System.zip (10.0 KB, 929 views)

Last edited by newdigital : 04-04-2006 at 04:49 PM.
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