Strategies, Systems & Indicators

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sub2501

sub2501

Active Member
#43
#43
hi edward, thanks for the system, it really works better with easy understanding
is it possible to create the afl in amibroker or metastock
today i've seen nifty futures on GCI MT4, the quotes on the gci & realtime quotes on our trading platform are different by 2/3 pts,

Would request to convert the formula into amibroker or metastock format.
thanks
 
R

Raghavacc

Well-Known Member
#45
#45
Re: Easy 123 System - setup

Edward said:
This is a crossover method:
To make it easy for the beginners, I will give only two setup conditions... as you understand the system and have questions for typical situations we will discuss. them...

This is the first generation system for me... this was the first system that gave me consistent results.... Now I use and teach a completely different system,...


What to expect:

1. This is not a holy grail system
2. Gives an accuracy of 70-75 %

The setup : 30 min Time Frame - EURO JPY

1. The first thing to see is the lower window.... If the blue line is below the red line.... "WE WILL NOT TAKE A NEW POSITION, IF WE ARE IN TRADE ALREADY... NO ISSUES... BUT WE WILL STAY AWAY FROM THE MARKET TILL THE BLUE LINE IS ABOVE THE RED LINE"

This is adx, if the blue line is above the red that means the market has some momentum..... if the below,... you will see the market is more or less directionless.... sometimes you might miss a good opportunity because of this filter.... but more often than not... its a life saver.....


2. Look out for a fresh Crossover of the Yellow line and the Red line in the candles area....
a) If the yellow crosses the red and goes "upwards" that means the prices are in the mood to go upward
b) If the yellow crosses the red and goes "downwards" that means the prices are in the mood to go downwards...

"the crossover should be from the previous closed candle (the second candle from the right)..... it should not be from the running candle... as the running candle can turn into opposite direction and you will not see any crossover when that happens...

So we need a crossover that is from a closed candle and not from a running candle...... ( I know some will have an issue understanding this; we will tackle it later as and when it arises)

3. The candle that gave us the crossover is our TRigger candle....

a) if the crossover is upward i.e the yellow crosses the red and goes up... we are ready to go Long (BUY)...
Add 3 pips to the HIGH OF THE TRIGGER candle... i.e. the closed candle that gave us the fresh crossover.... this is where we buy....

3 pips above the high of the candle that gave us a crossover.....

b) if the crossover is downwards i.e the yellow crosses the red and goes down.... we are ready to go short (SELL)
substract 3 pips to the low of the trigger candle...i.e the closed candle that gave us the fresh crossover.... this where we sell...

3 pips below the low of the candle that gave us a crossover....


In a day, you will have 4-5 crossovers.....

2 or 3 will be 10 - 20 pips in profit... 1-2 will be 50 - 60 pips in profit.... but which ones will be the bigger ones... its easy and hard at the same time to know which ones to trade longer....

If we are trading EURO JPY.... its commonsense to know that when both the markets are open... that's the phase that will give you bigger trends.... when at least one is open that's when you get moderate to big trends.... when non is open thats when you get smaller trends....

Now install the temp and bring on the questions...

Happy trading....

PS>> the one who gives me 20 consecutive Positive trades from this method, will get a Trade Management ROBOT fine tuned for this system as a gift....

Regards
Ed
Click to expand...
Congrats Edwards.After a roaler coaster ride in Indian Stock Markets Currently putting my baby steps in Forex trading. Surely will try out this simple method and will give my feedback.In the process we deffinately require your all needed guidance.

Once again thanks for sharing such simple but effective system.

Regards
Raghav
 
E

Edward

Well-Known Member
#47
#47
Wow.. Sunny keep it up. So now, you have crossed 100 pips in profit, by our simple system, which I am not sure, what to name... so here's the challenge for you guys... If you have downloaded it and seen it in the historical data, you would have noted that, it works really well and is real smooth.

I would like to give a name to this baby, so please let your creative horses loose and suggest a good name... There will be a gift from my side to that guy or gal...

I would love to hear from others as well who are making profits with the system... and if you have issues as well I will clear it to the best of my knowledge.

Raghavacc, Wishing you all the best for your venture in Forex. For good or for bad, whatever indian stock market did to you in two years, forex can do it to you in 2 days or 2 weeks because of the leverage. As rightly noted take baby steps, build competence, which brings confidence and then big bucks, that's the order it should be in...

Swami I could not see the image that you have posted, could you try posting it again or pm it to me and I will upload it on my server... and then put a link here.

Munnabhai, It will and it won't work on 5 min...

the day when the market is trending, this system will work like a charm on 5 min, you will look like the most successful trader in the world with your ability to enter every trend and make pips... but the day when the markets are directionless... you will look like a dumbass... So, if you see lot of volatility some days try 5 min... if the 1 hr candle looks small and still you trade 5 min, it will be disastrous.

Sub, I have worked on Amibroker, but never on Metastock.
I have learnt a bit of coding (just a bit, where I use ready made syntaxes or may be edit a bit here and there ... that's it) in mq4, but when it comes to afl in amibroker, i am zero.

I have a guy from whom I get my systems coded and stuff like that... If he can I will ask him, if he can't then you will have to watch metatrader and then trade on Amibroker.... I think there is a broker that give charting for Indian stocks on metatrader too...

And yes there is a difference of 2 pips between nifty in mt4 and sharekhan's platform, I have seen it... Similarly even in forex, the prices vary within this range of 2-3 pips from brokers to broker.

I could not respond to you guys the whole today, as I was training a batch of students from Surat, gujarat, who wants to start Portfolio management. And you guys know people with that kind of a vision, have a ton of questions... so kind of completely tired...

See you guys tomorrow around...
Take care, happy trading and God bless....





Sunny1 said:
another 30+ pips profit..
Click to expand...
 
E

Edward

Well-Known Member
#48
#48
Thanks for your kind words Rishi,

I always believed that the worst thing is life is to be accused for something that you never did, but I found out that 'to be praised for something that you never did is also equally frustrating. :D

There are many Edwards in this world I am just one of them, I have written lot of stuffs on forex forums and blogs, but never under my real name that is Edward... I don't know why...

The Edward that you mentioned is a great guy it seems, but is not me, unfortunately :)

Anyways, hope my system helps you in some way. ...

rishi_kapoor777 said:
hi edward

good to see you here. i believe i have read couple of your strategies somewhere maybe at forexstrategiesrevealed..

looking forward to your work :thumb:


regards
rishi
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S

skgarg

Member
#50
#50
Re: cheers Kreichek

See the chart here : http://www.forexmarkethours.com/

If that is correct, then both Tokyo session and european session are open for harldy one hour at the same time while US and EU markets are open simultaneously for around 2.5 hrs only.

Edward said:
That's the way to do it.

Trade the following Pairs in the time phase that I mention for maximum results.

EURO JPY - Trade when the Tokyo Session and European Sessions are open, at least one of them should be open, otherwise don't trade.

Euro USD : Trade in the evening (indian) 6 to 9:30 all working professionals can trade this time... its the best time to trade EU.

GBP JPY : :D trade it when you are certified as retard,... only then

USD JPY is good to trade only in the US session, that's my experience... i.e. 6 to 9;30 pm.

anyways I am glad that you guys are making profits... and using the system...
The day when you make 100 dollars in profit using this system I will give you a trade management software....

Till then you owe me a beer ... :cheers:
Click to expand...
 
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