Hi guys,
Just wanted to share my idea hoping for good feedbacks from all of you guys. So here’s my idea,
I’m busy doing my job since I’m an employee, so I wanted to have a minimum control of my chart, I just want a daily control, secondly there is no EA that works forever since the market is changing overtime so I have to “drive” the EA manually ( set the EA “Long only” or “Short only”). So far it ganerates at least 500pips per month. It's very simple and easy, I’ll show you how.
1. Put the EA on 5 Min chart
2. Put the template and indicator on your daily chart
How to start and “drive” the EA
1. See the major trend on daily chart just like the pic below,
2. When you see the trend down on daily chart, “Drive” the EA “Short only” on your 5 min chart, and vice versa
3. When you see the trend is changing on daily chart then you have to “drive” your EA on 5 min chart accordingly
The goal for this setting is less stress because you don’t trade news and not sit in front of your computer for a long time, just check it once or twice a day.
How to drive the EA Long or Short only, please refer to word file I attached.
For example:
Try to backtest GBPUSD for 1 month period from 1 August 2008 to 31 August 2008, becouse on that month the market shows downtrend from start to end, set the TP to 100pips, drive it short only and u will get approximately +3094pips in a month. FYI..price range for that month is only 1067pips.
Backtest for EURUSD on Aug 2008, for short only, TP 100pips, u will get approximately +2135pips in a month, and price range is only 1029pips.
Then u get a total of 5229pips in a month of Aug 2008 for those two pair.
This system works great depends on your skills to drive this EA.
Please see the discusion link below for better understanding about this setting.
Start from post 2090 page 140 to post 2168 page 145
http://www.forexfactory.com/showthread.php?t=7200&page=140
For u guys if u need a "TRADE SIMULATOR" u can check this link below.
http://www.forexfactory.com/showpost...&postcount=505
Please demo it for at least 2 month before u trade it live to make sure u get all the things right.
0.01 lot size for every $1000, or
0.1 lot size for every $10,000 is a must...!!!!!
I'll try to sumarize this thread continually updated in a word document to make it easy to read.
English is not my default language.
Updates for the system.
We are currently tweaking on how to minimize loss and protect our profits while the EA keep gaining pips. Check the updated system here.
http://www.forexfactory.com/showpost...postcount=1280
Regards
Samurai Power
"Wish us all the good pips in the universe"
Just wanted to share my idea hoping for good feedbacks from all of you guys. So here’s my idea,
I’m busy doing my job since I’m an employee, so I wanted to have a minimum control of my chart, I just want a daily control, secondly there is no EA that works forever since the market is changing overtime so I have to “drive” the EA manually ( set the EA “Long only” or “Short only”). So far it ganerates at least 500pips per month. It's very simple and easy, I’ll show you how.
1. Put the EA on 5 Min chart
2. Put the template and indicator on your daily chart
How to start and “drive” the EA
1. See the major trend on daily chart just like the pic below,
2. When you see the trend down on daily chart, “Drive” the EA “Short only” on your 5 min chart, and vice versa
3. When you see the trend is changing on daily chart then you have to “drive” your EA on 5 min chart accordingly
The goal for this setting is less stress because you don’t trade news and not sit in front of your computer for a long time, just check it once or twice a day.
How to drive the EA Long or Short only, please refer to word file I attached.
For example:
Try to backtest GBPUSD for 1 month period from 1 August 2008 to 31 August 2008, becouse on that month the market shows downtrend from start to end, set the TP to 100pips, drive it short only and u will get approximately +3094pips in a month. FYI..price range for that month is only 1067pips.
Backtest for EURUSD on Aug 2008, for short only, TP 100pips, u will get approximately +2135pips in a month, and price range is only 1029pips.
Then u get a total of 5229pips in a month of Aug 2008 for those two pair.
This system works great depends on your skills to drive this EA.
Please see the discusion link below for better understanding about this setting.
Start from post 2090 page 140 to post 2168 page 145
http://www.forexfactory.com/showthread.php?t=7200&page=140
For u guys if u need a "TRADE SIMULATOR" u can check this link below.
http://www.forexfactory.com/showpost...&postcount=505
Please demo it for at least 2 month before u trade it live to make sure u get all the things right.
0.01 lot size for every $1000, or
0.1 lot size for every $10,000 is a must...!!!!!
I'll try to sumarize this thread continually updated in a word document to make it easy to read.
English is not my default language.
Updates for the system.
We are currently tweaking on how to minimize loss and protect our profits while the EA keep gaining pips. Check the updated system here.
http://www.forexfactory.com/showpost...postcount=1280
Regards
Samurai Power
"Wish us all the good pips in the universe"
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Attached File(s)
FAQ and Summary (updated 7 Feb 2008).doc
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5-8openEMA_Cross_Arrow_with_Alerts.mq4
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Heiken Ashi.mq4
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fb template.tpl
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Firebird-v63H04 (EA) 5 digit platform.mq4
21 KB
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6,632 downloads
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Uploaded Apr 3, 2009 2:24am