I am editing the Original Post to make room for the Improved Version of this system. I was having issues with the 1 hr method because......although it can be profitable, it can also be risky. Like everything else in life, we all want the best. To get the best, we must try to improve whatever it is we are striving for. In saying that, I stayed up til the wee hours of the morning, and figured out that it may be better to use a 5 minute chart with this method, along with a "No Channel Required to cross", just as long as the new candle is beyond the 3MAs. I hope I do not upset anyone who has put in alot of work with the EAs. Thank you for your hard work.
Hey, if this system can be improved, why not. And anyone out there with any ideas, please share. Lets improve this thing to its maximum potentail.
New method starts at Message #88
All EAs before this message are for the 1 Hour method.
Below the line is the Original Post
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ORIGINAL POST:
http://www.forexfactory.com/attachme...1&d=1200507422
I am posting the system in hopes that I might find a programmer for it. This system may be in these Forums already, if so, please let me know. I would love to exchange ideas. Many thanks to Nicotina, the creator of another system that has shown me a way to trade this system.
GBPJPY 1 HOUR CHART.
Use Candlesticks
2 Moving Averages (Same Color)
13 Simple MA (High)
13 Simple MA (Low)
1 Moving Average (Different Color)
100 Exponential (Close)
I will post a picture for the entry point. The Exit is 100/100.
100pips TP (Take Profit)
100pips SL (Stop Loss)
I am currently back-testing for 2007. I will post my results as soon as I have it. I have only tried it on the GBPJPY because of its volatility.
Hey, if this system can be improved, why not. And anyone out there with any ideas, please share. Lets improve this thing to its maximum potentail.
New method starts at Message #88
All EAs before this message are for the 1 Hour method.
Below the line is the Original Post
-----------------------------------------------------------------------------------------------------------------------------------
ORIGINAL POST:
http://www.forexfactory.com/attachme...1&d=1200507422
I am posting the system in hopes that I might find a programmer for it. This system may be in these Forums already, if so, please let me know. I would love to exchange ideas. Many thanks to Nicotina, the creator of another system that has shown me a way to trade this system.
GBPJPY 1 HOUR CHART.
Use Candlesticks
2 Moving Averages (Same Color)
13 Simple MA (High)
13 Simple MA (Low)
1 Moving Average (Different Color)
100 Exponential (Close)
I will post a picture for the entry point. The Exit is 100/100.
100pips TP (Take Profit)
100pips SL (Stop Loss)
I am currently back-testing for 2007. I will post my results as soon as I have it. I have only tried it on the GBPJPY because of its volatility.
Attached Image