Simple 30 Min System!

[neilr]

as I said in my previous post, I'm only looking for a +25 pip net trade, nothing too fancy.

Here are my entries and exits (times indicate the candles, NOT real time):

5/26

0900 1.5760 BUY
1100 1.5778 exit, no 25 pips (15 net)

5/27

0300 1.5764 SELL
0400 1.5736 limit, 25 pips

0930 1.5751 SELL (MAs cross)
0930 1.5723 limit, 25 pips

5/28

0200 1.5700 BUY
0300 1.5726 exit, no 25 pips (23 pips)

0530 1.5713 SELL
0530 1.5685 limit, 25 pips

5/29

no trading

5/30

0230 1.5530 SELL
0230 1.5502 limit, 25 pips

0630 1.5498 BUY
0730 1.5524 exit, 24 pips

1030 1.5509 BUY
1100 1.5537 exit, 25 pips

175 pips for the week (please check my math)

I trade 1 lot and monitor the computer from 0100 EST to 1200 EST.

someone else post their experiences as well, I'm interested to see who else is doing this.

[BrianSNJ]

Hey PolishPip,
I had a question for you or rather a request.
You said your settings are as follows -
EMA 5 Applied to Close (red)
EMA 10 Applied to Open (aqua)
MACD Setting 8, 20, 9
RSI – 14

Would you mind giving a brief explanation as to how you came to those settings and why they work?

I am not well schooled with indicators and definitely need to read and learn more about them. But I also like to here from a system creators perspective as well.


Hope all is well and hope you get back to this thread. I am going to demo your system this week and see how it goes. Time has been hard for me to find this past 2 or 3 weeks as well. I am way behind on trading and learning!

If only I did not have to work every day!!! lol

[BrianSNJ]

Something else I am not clear on but maybe someone with success trading this system can answer -

How do you enter the trades?
I know the principles PP set down in the first post, but I see many circumstances where you could jump right in at times then have the price action move right against you only to reverse again in the favored direction.

[polishpip]

Hello people, im glad your doing well! Those trades look very impressive.

The way i came up with the set up is just expirimentation with numbers.
To be honest im still somewhat of a newbie myself and i adapt my systems t chart patters. i just look at charts from last year and go over them, manually checking trades and how they would turn out until something seems to work, then i test it live.

Kind Regards

[BrianSNJ]

So how do you enter your trades? Do you just jump right in as soon as you see a signal or do you look for retracements or something else?

I have been studying your system just on a short time frame. I am only testing it on the 1am to 6am Eastern Standard Time frame. It works really well catching the beginning breakouts of the markets.

[mtandk0614]

I was writing an EA with alot of the same basic ideas as this post...I would be happy to adjust it a bit to match this system...the only diff is that I use PSAR as well when looking to enter a trade. I have another post open looking for a bit of assistance with the exit command, but once that is done the EA will be ready to go. I will post it once I am done.

[wuzhenghao]

Looking forward to it..

[mtandk0614]

Ok....this is the first EA that I am posting *gulp* let me know if there are any problems downloading it.
Also...Please allow me to take 1 moment to state:
"I am not a programer, I wanted to write an EA so I learned by looking at other EA's and reading a few forums on this site. I do not write this from scratch, I started with the MACD Sample EA that comes with MT4, and I make changes/additions/edits...you get the point. Please don't judge me too harshley. If anyone would like to improve on this, please do...or just let me know what you would like, and I will do my best to make it happen. I think that if we can help each other make our profit goals using Forex then more power to all of us."

Ok now that thats outa the way
Here is the EA based off this system.....Please let me know of any bugs and IF you are going to use this EA, please post some results so others can learn from the road you made. Thank you

[mtandk0614]

OOPS, forgot 1 thing....The EA is set up to have a min. T/P of 10. So if you would just like this system to continue till the cross forces an exit, just set the t/p to a very large number, like 500 or so.

[BrianSNJ]

Originally Posted by mtandk0614

OOPS, forgot 1 thing....The EA is set up to have a min. T/P of 10. So if you would just like this system to continue till the cross forces an exit, just set the t/p to a very large number, like 500 or so.

Hey MT,
How has your EA worked out for you? Anything to share here? I have been busy at work and have not had a lot of time to demo test the PPs system. Please post some results (wins/losses0 etc if you can.