He who makes it gets to name it 
Seriously but
This is a simple idea that should work on all pairs
entry Buy if:
entry on start of bar.
1st use Macd on 1 hr TF
Macd is below 0,
also
on the H4 TF
if the current price is bigger than current bar LOW plus x pips (0.005 eg)
Simple hey!
So simply
macd below 0 on 1 hr tf
& H4 bar is on its way up. if H4 bar is going down dont buy.
Sell is reverse.
exit. I am using the reverse signal. But it could definately be improved.
Here is a screen Shot of live trading (demo) as of 2 mins ago.
3 weeks and account is up about 17000 pips.
pips picture.jpg
Read more: http://forums.babypips.com/free-forex-trading-systems/40564-seahorse-shuffle-adventure-trading-system.html#ixzz1XwiZron0
I have a thick skin. I would be skeptical of me too!
Look I only posted this to win the prize.
just kidding! (or am I ??
)
I thought seeing there are alot of newbies here they might want to know what works and what dosent. I am a prolific obsessed ea writer. I do it more as a sport then to win money. Over the time I have been doing this I have learnt heaps about forex and ea's. I am still learning and I am by no means an expert on forex. I learn by trial and error mostly and by thinking outside the box (being creative).
The main reason I posted this system is not because it is the best, but because of what you can learn from it. It is the basis of many good systems. It is easy to understand and easy to see how it works, easy to trade manually, easy to see the problems it might face.
The truth is that the ea I wrote for this system might fail. A majority of my ea's do. They backtest well, but forward test horribly. It is the nature of the business.
Read more: http://forums.babypips.com/free-forex-trading-systems/40564-seahorse-shuffle-adventure-trading-system.html#ixzz1Xwie1KFt
Read more: http://forums.babypips.com/free-forex-trading-systems/40564-seahorse-shuffle-adventure-trading-system.html#ixzz1XwihsZj7
Seriously but
This is a simple idea that should work on all pairs
entry Buy if:
entry on start of bar.
1st use Macd on 1 hr TF
Macd is below 0,
also
on the H4 TF
if the current price is bigger than current bar LOW plus x pips (0.005 eg)
Simple hey!
So simply
macd below 0 on 1 hr tf
& H4 bar is on its way up. if H4 bar is going down dont buy.
Sell is reverse.
exit. I am using the reverse signal. But it could definately be improved.
Here is a screen Shot of live trading (demo) as of 2 mins ago.
3 weeks and account is up about 17000 pips.
pips picture.jpg
Read more: http://forums.babypips.com/free-forex-trading-systems/40564-seahorse-shuffle-adventure-trading-system.html#ixzz1XwiZron0
I have a thick skin. I would be skeptical of me too!
Look I only posted this to win the prize.
just kidding! (or am I ??
)I thought seeing there are alot of newbies here they might want to know what works and what dosent. I am a prolific obsessed ea writer. I do it more as a sport then to win money. Over the time I have been doing this I have learnt heaps about forex and ea's. I am still learning and I am by no means an expert on forex. I learn by trial and error mostly and by thinking outside the box (being creative).
The main reason I posted this system is not because it is the best, but because of what you can learn from it. It is the basis of many good systems. It is easy to understand and easy to see how it works, easy to trade manually, easy to see the problems it might face.
The truth is that the ea I wrote for this system might fail. A majority of my ea's do. They backtest well, but forward test horribly. It is the nature of the business.
Read more: http://forums.babypips.com/free-forex-trading-systems/40564-seahorse-shuffle-adventure-trading-system.html#ixzz1Xwie1KFt
Hi Aztec,
Ok I will try to make it simpler. I hope i dont complicate it more.
1st
We use the MACD indicator.
MACD is based on moving averages as are most indicators.
A Moving average looks back in history X number of bars and returns a value of the average price. The problem with this is it lags or gives you a result that is based on the past not the present.
MACD returns a positive value if the trend is up and a negative value if the trend is down.
If you try to trade with this indication alone you will probably be too late in your trade as the lag is so great the trend probably has reversed.
With this system we are using the lag effect in MACD to trade the opposite trend.
If MACD says trend is up - we sell.
If MACD says trend is down -we buy.
Obviously the problem with this is what happens in a really long trend? We are buying or selling in the wrong direction. If your EA is using this as a trigger then you are probably going to lose money.
If you are trading manually, you know to stop buying/selling. Or even cut your losses if it is not looking good. Really bad news for example.
In post 1 you can see the MACD indicator and the Buys are only when the MACD is below 0 and the sells are only when MACD is above 0.
You can also see the lagging effect. the trend has reversed, but MACD is still Below 0
2nd High/Low on H4 Bar.
I will attach a pic of the same EU graph but on the H4 time scale.
First of all you notice on the H4 Graph that the Buys are at the Top to the H4 Bars and the Sells are toward the bottom of the H4 Bar.
What we are doing here is looking at the current H4 bar and saying. Ok, we will buy if the price is x number of pips above the bottom of the bar.
So if it is a really small bar we will not buy because our requirements are not met.
Only if the price has risen suffeciently on this bar will we buy.
What dose this do?
Good question.
What it does is - if it is a severe trend the price will not rise enough to trigger the trade (hopefully).
Also if it has risen enough it might be the reversal we are hoping for.
It also forces us to trade with the trend. (sort of)
Again it is not perfect, but it works.
The other thing to notice on the H4 chart is that there are quite often a group of 2 or 3 trades together.
Our other condition, which I think I forgot to mention earlier is our next trade has to be x pips higher then the first one for each H4 Bar.
So the buys will always be going up, and the sells always going down.
Dont forget we look to trade only at the start of the 1 hour bar, so we only take the trade if the H4 bar is higher then the previous buy price.
This is reset every 4 hours as a new H4 bar is opened.
The new H4 bar can not be x pips above the bottom or x pips below the top, so we only can trade every 3 hours. You will never see 4 trades in a row.
On the H4 bar we are trying to trade with the trend.
Both the Macd and H4 high/low bar conditions have to be met to make the trade.
MACD H4 Pic.jpg
MACD H4 Pic zoom.jpg
Last edited by goldylox; 09-08-2011 at 06:09 AM.
Read more: http://forums.babypips.com/free-forex-trading-systems/40564-seahorse-shuffle-adventure-trading-system.html#ixzz1XwihsZj7
