Don't we need Force Index as well?
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| Fmfx System https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=314 |
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| Author: | Fmfx [ Tue Jan 31, 2012 1:07 am ] |
| Post subject: | Fmfx System |
Hello all, Here is a strategy that i have been using for a while now and it seem to have some merit. The system is made up of three indicators namely, parabolic sar, force index and sidus. I trade it on 15 minutes chart on ndz/usd aud/usd usd/cad. Trade Setup: for a buy, when the sidus arrow apears facing up, the psar must also be below and force index should be above zero line. and vice versa for sell The problem i have with this system is that i have to steer at my screen all day so as not to miss the signals, so i was wondering if some of the great coders here will have a look at it and hopefully consider it worthy to be automated. Attached is my statementfor the last three months and the system. thou the statement is not so good because i often miss exit sgnal and also take late entry's, most of the losses are my fault. Thanks for stopping by |
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| Author: | Fmfx [ Tue Jan 31, 2012 10:58 am ] |
| Post subject: | Re: fmfx sytem |
And also i forgot to add that if you are buying and you get a sell signal (sidus arrow) you exit the buy immidiately and go for the sell if all conditions are met. Regards |
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| Author: | SteveHopwood [ Tue Jan 31, 2012 10:24 pm ] |
| Post subject: | Re: fmfx sytem |
Don't we need Force Index as well? |
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| Author: | Fmfx [ Wed Feb 01, 2012 12:06 am ] |
| Post subject: | Re: fmfx sytem |
Hi boss, The Force Index Indicator is the same as the one that comes with Empty4. Here it is
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| Author: | SteveHopwood [ Wed Feb 01, 2012 11:12 am ] |
| Post subject: | Re: fmfx sytem |
Oops. Didn't even think to look.  |
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| Author: | SteveHopwood [ Wed Feb 01, 2012 12:54 pm ] |
| Post subject: | Re: Fmfx System |
Assuming the other conditions line up, do you enter at the start of the candle following the appearance of the arrow, or as soon as the arrow appears? Or does the arrow only appear at the close of the candle at which it appears? |
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| Author: | GT3RS [ Wed Feb 01, 2012 1:17 pm ] |
| Post subject: | Re: Fmfx System |
Hi FMFX, Thanks for sharing! Can you give information on stops and exits please? Thanks! |
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| Author: | Fmfx [ Wed Feb 01, 2012 1:37 pm ] |
| Post subject: | Re: Fmfx System |
If all conditions are met i enter as soon as the arrow appers. The arrow appears anytime there is a cross, it dosent wait till the close of the candle. Regards |
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| Author: | Fmfx [ Wed Feb 01, 2012 1:47 pm ] |
| Post subject: | Re: Fmfx System |
Hi GT3RS, I usually use a 90 pips TP ang a SL of 35 pips. You exit a treade as soon as you see an arrow in the opposite direction. For better entry's look at the 4H and D1 trend and trade only in that direction on the 15 minutes chart. i.e if the 4H and D1 trend is UP you look to take only buy signals on 15M. If you need more clearification pls feel free to ask. Regards |
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| Author: | SteveHopwood [ Wed Feb 01, 2012 1:52 pm ] |
| Post subject: | Re: Fmfx System |
Ok. I imagine this will degrade the machine's performance significantly, but there is nothing to be done about that. The EA will be up and running later - it is nearly finished now but I have a lesson in a few minutes. Also, I am using my shell to code it, and this comes with the usual panoply of thingies. Shall I: 1) leave them in; 2) Remove them altogether; 3) Hide them without removing so they can be easily recovered later. I suggest 1), apart from the open trade management stuff, but the call is yours. |
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