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| Simple system(Trend trading system) https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1471 |
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| Author: | oathbreaker [ Sat Feb 16, 2013 6:15 pm ] |
| Post subject: | Re: Simple system(Trend trading system) |
Hi forex.rapheal Sorry for the late reply.I was on vacation.Right now i am trading only 2 pairs.This system can be used with any number of pairs(JPY pairs are more volatile so, for this system you have to use larger s/l).Last year i made 28000 pips on this two pairs itself(ya it is 28000 pips u read it correct).But it all depends on risk/reward what your are looking at.It doesn't mean i didn't losses.i even had 15 consecutive losses but had pretty good wins too.my risk reward will be from 1:3 to 1:100.Nothing less than that.Regarding edge, it is just like inside bars and pin bars.The main advantage of any IB and PB are low-risk entries(i.e., you lose less but if you win reward will be huge). Even this system is same as that.Try to understand this system.As i told you this is a trend trading system. Let me know if u don't understand the system.I will put more examples. Regards Prakash |
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| Author: | smeden [ Wed Feb 27, 2013 10:18 pm ] |
| Post subject: | Re: Simple system(Trend trading system) |
hi Nice simple system. So If you are in a buy from the day before and you get a sell signal. What do you do? Do you close your buy and enter the sell? |
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| Author: | smeden [ Fri Mar 01, 2013 8:35 pm ] |
| Post subject: | Re: Simple system(Trend trading system) |
Hi I can program your system but need more info. |
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| Author: | garyfritz [ Fri Mar 01, 2013 9:21 pm ] |
| Post subject: | Re: Simple system(Trend trading system) |
I don't see any entry filter or decision other than "is it going up or down?" Do you enter a position at the opening of EVERY daily candle? Then do you add on another position at the start of EVERY subsequent daily candle until your position closes out in profit, or hits your stop? |
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| Author: | oathbreaker [ Sat Mar 02, 2013 5:54 am ] |
| Post subject: | Re: Simple system(Trend trading system) |
Hi smeden I don't close any leg.If i am buy the previous day then i will move it to b/e the next day or close it for small loss.I will only add next leg on any time frame after i move the previous trade to b/e.Close the legs is up to u.I will close only when my leg hit 1000 pips each. Let me know what other information is required.We will discuss in this forum. Hope i answered ur query,If not please post your question back. Regards Prakash |
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| Author: | oathbreaker [ Sat Mar 02, 2013 7:18 am ] |
| Post subject: | Re: Simple system(Trend trading system) |
Hi garyfritz Thanks for your post,actually i am waiting for this question. Yes,I enter at the opening of Every daily candle.I will keep on entering at the start of every subsequent daily candle only after moving previous position to B/E or hit my s/l. If price is not making any higher high or my last 4 positions died for loss then i will wait till price moves away from that range. Regards Prakash |
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| Author: | oathbreaker [ Mon Mar 04, 2013 6:26 am ] |
| Post subject: | Re: Simple system(Trend trading system) |
Hi all Here are my charts for this month on EUR/USD. Hope this helps every one. If there are any further updates i will post here. Regards Prakash |
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| Author: | cruxs [ Thu Mar 07, 2013 6:50 pm ] |
| Post subject: | Re: Simple system(Trend trading system) |
Hi Prakash, I can help you coding the system into an EA, but I need clear instructions to put in the code. The instructions should be: When to Open Buy When to Open Sell When to Close Stop Loss Take Profit Any other instruction (like trading hours, money management, etc.) I'm going to start coding with the simplest rules that you posted. Open Buy when current candle close is higher than last bearish candle open. Open Sell when current candle close is lower than last bullish candle open No close instructions StopLoss 15pips TakeProfit 30 pips. Trading hours from London Open to New York Close. Just remember that an EA can´t ask itself what is going to happen in the day, we have to give the proper instructions to open and close trades. |
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| Author: | oathbreaker [ Fri Mar 08, 2013 1:45 pm ] |
| Post subject: | Re: Simple system(Trend trading system) |
Hi cruxs Thanks for your help. Here are the instructions. For Eur/USD Daily...stop loss:30 pips and take profit:500 pips At the open of daily candle(asian session),If price is above the open of previous down bar then open a long. Else if price is below the open of previous up-bar then open short.(s/l:30 pips n t/p:500 pips) Scenario-1: After opening the first position,if price moved 30 pips in our direction then we will open another position and moving the first position to b/e.S/l of the second position will be at the low of the candle in up-trend and vice-verse in the down trend. Scenario-2 After opening the first position,if price hit our s/l then we will wait until price come back to open of the candle.We enter only at the open of the candle with s/l at the low of the candle in up-trend and vice-verse in the down trend. If you have any doubt please read my first few posts it will be very clear. Hope this answers your questions. Regards Prakash |
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| Author: | cruxs [ Mon Mar 11, 2013 5:26 pm ] |
| Post subject: | Re: Simple system(Trend trading system) |
Thanks Prakash. I'm coding your EA with those instructions. i'm calling it Prakash-PipEasy EA. Give me until friday and then i'll post it here. |
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