Go Back   BabyPips.com Forex Forum > "The Holy Grails" > Free Forex Trading Systems


Free Forex Trading Systems Got the "Holy Grail" system? Want to share it for free and become everyone's hero? This is the place to do it. (No advertisers please!) Also, follow along as our very own Pip Surfer posts daily updates from his Cowabunga System in the Pip My System Forex Blog.

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 07-13-2007, 08:36 AM
Newbie
 

Join Date: Jul 2007
Posts: 16
Default 135 Pips/day 4h testing

I have just tested a system and make 135 pips/day using different currencies.

Please test it and give me response.

Time period: 4h
Indicator: Bolinger Band (default settings)
Indicator: MACD (12,26,9 ) (default settings)

See attached image for more clarification.


Strategy:

1- highest and lowest bands of Bolinger together
2- MACD crossing.

4h.jpg
Reply With Quote
  #2 (permalink)  
Old 07-13-2007, 10:58 AM
perfectsun's Avatar
Junior Member
 

Join Date: May 2007
Location: Ljubljana,Slovenia
Posts: 55
Send a message via MSN to perfectsun Send a message via Skype™ to perfectsun
Default

I don't get it.

Highest and lowest bands together?
Watching but don't see it, please show it to me again.

Regards
Reply With Quote
  #3 (permalink)  
Old 07-13-2007, 11:29 AM
 

Join Date: Jul 2007
Posts: 2
Default

Tried it today on a whim. Then forgot all about it (demo), came back and was in profit.

Will test some more.
Reply With Quote
  #4 (permalink)  
Old 07-13-2007, 06:53 PM
 

Join Date: Apr 2007
Posts: 1
Default

When do you close your open positions??? This seems to be good for entering trades, but what about exiting?
Reply With Quote
  #5 (permalink)  
Old 07-13-2007, 08:49 PM
Newbie
 

Join Date: Dec 2006
Posts: 27
Default

What's with that second set of bands? Looks like bollinger bands and something else as well(those square steppy looking bands).

Looks interesting though.

Cheers,
PKFFW
Reply With Quote
  #6 (permalink)  
Old 07-14-2007, 12:02 AM
maurizio77's Avatar
Senior Member
 

Join Date: Jan 2007
Posts: 224
Default

Yea i know what you mean pkffw, i have never seen that configuration anywhere before..perhaps it is particular to that charting package.................I have however seen a system like this before.

It is similar to a system that was put on here a few months ago, it could have been one of James's actually.

Although there are differences, firstly the other system used MACD crosses and PARABOLIC SAR.....i forget the settings :S....this one uses the BOLLINGER BANDS at their narrowest point..i suppose it is the same sort of thing, a confirmation after the MACD cross.

The theory behind it seems pretty sound, we know that when MACD crosses is it indicative of a potentail big move or reversal......and we know that when the BOLLINGER BANDS contract to their lowest point, it is indicative of price consolidation..which in turn usually resluts in a breakout one way or the other.

I am interested in this..........will demo it for a couple of weeks and let you all know how i get on

May the pips be with you
Reply With Quote
  #7 (permalink)  
Old 07-14-2007, 08:49 AM
Newbie
 

Join Date: Jul 2007
Posts: 16
Default

Quote:
Originally Posted by perfectsun View Post
I don't get it.

Highest and lowest bands together?
Watching but don't see it, please show it to me again.

Regards
Highest and lowest band of "Bolinger" should come closer. (Means together)
In other words, distance of highest and lowest band of "Bolinger" should be narrow.

You can see Attached image in my first post. I have pointed out Highest and Lowest band of "Bolinger" at left side of image.
Reply With Quote
  #8 (permalink)  
Old 07-14-2007, 06:09 PM
Newbie
 

Join Date: Apr 2007
Posts: 7
Default

burhan thanks for telling us about this. I like strategies that are simple to use. Maybe someone can do some backtesting to give us an approximate idea of how performs over the long term.

When price makes nice swings and trends, you could probably follow MACD by itself and be profitable. But what happens when price starts to range how often will the BB give you false breakouts signals. In other words right after you enter an apparent BB expansion, how often will price reverse and hit your stop loss.
Reply With Quote
  #9 (permalink)  
Old 07-15-2007, 04:12 AM
Junior Member
 

Join Date: Jun 2007
Posts: 50
Question Curious please help.

hi burhan...

can you share with us what charting u use ? how do i get the same chart like yours ? i am still consider a newbie...

please help..thanks in advance.
Reply With Quote
  #10 (permalink)  
Old 07-15-2007, 07:24 AM
 

Join Date: Jun 2007
Posts: 6
Default

Quote:
Originally Posted by jimocean View Post
hi burhan...

can you share with us what charting u use ? how do i get the same chart like yours ? i am still consider a newbie...

please help..thanks in advance.
He's using VT Trader. Visual Trading Systems, LLC

Quote:
Originally Posted by pkffw View Post
What's with that second set of bands? Looks like bollinger bands and something else as well(those square steppy looking bands).
VT Trader by default plots those high/low bands on all charts but they can be disabled if they become confusing when not part of your trading system.
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 09:30 PM.
Content Relevant URLs by vBSEO 3.3.1
"Wisdom is not a product of schooling but of the lifelong attempt to acquire it."
Albert Einstein
Feedback Form