45 Pips Per Day System Eur/usd

trinifx · December 24, 2007, 9:26pm

I have downloaded the files and Im am having trouble displaying it on the screen. When I go to the indicators the only thing that shows up on the screen is the name and nothing else. I have the newest metatrader 4 alpari UK software and can’t get it to run. Can anyone help me out

yemupz · December 27, 2007, 5:53am

Guys thanks for the response. I will be trading this system and EU in the new year, looking forward to talking to you all here

pircj · December 27, 2007, 7:16am

Hi, which files you downloaded? SARMACD Indicator?

Just drag it to your chart and you will see arrows indicating buy/sell?

Btw - do you live trade Alpari? Is it Alpari UK? What is their performance? News?

Regards, Jernej

FseXy · December 27, 2007, 2:41pm

eight10:

Ok, so after getting a billion requests and PMs here is my EA for this system. NOTE, its not perfect, but all the logic from the system is there. It can definitely be improved upon, as in its current state it appears only somewhat profitable and that might just randomly be so.

There is some generally messy code and laziness involved because this wasnt my main project. There also plenty of optimizations that can be done and entry/exit Logic can be improved upon. Perhaps some more trade filtering, or timefram adaptation or for other currency pairs. I have not extensively tested this.

This should really be more of a start for some one who wants to make a very good EA from this system.

I will answer some questions and such if you have any. Like what the heck ValidTimeframes are for this program. obviously new cross of the MACD and fresh signals from SAR dont occur at precisely the same exact time. So there should be a window in whatever number of minutes that the new signals could occur for it to be a valid entry. Too small a timefram and very little trades will be placed, too huge timeframe and it will give false signals.

questions, comments, etc. <[email protected]>

I now have an EA for this of my own that I may share once it is ready but if I cannot improve on it by reducing risk long term then there is probably not much use since you have your one shared out.

pipdemix:

Thankyou for the vote of confidence. After 3 months of successful demo trading i fell victim to the August EUR-USD/AUD landslide on my first week of real trading, losing 80% of my capital. After extensive reading and researching, using resources such as baby pips’ forums and pipschool, my account is almost what it was when i started out. Although I feel more confident in my trading, I consider myself still very young in this field, and look to “stick to the herd” to both gain more insight into successful strategies and, as you mentioned, money management.

Using the PSAR, MACD 30 min chart EUR/USD strategy has worked very well for me, but when it comes to setting stops and profit levels, I rely on nearby support/resistance levels, as well as my own judgment on greed and risk. 20 pip stop, 20 pip target is how I setup my trades. Is this a decent approach?

Thanks

Pipdemix

tonymand:

Yes the issue of using support and resistance levels is exhaustively covered in the thread on other technical templates and this is a very smart strategy to develop. Try to get rid of the greed issues and look dispassionately at your results as you go forward. If you can extend a proportion of your trades beyond a 1R return this will give you a better margin of safety. Having said that I successfully trade 1 strategy that has a 1R return with a 60% win loss ratio If your 20 pip daily return is based on a 20 pip average stop then your percent return is equal to your at risk capital. Hence if you are using a 1% or 2% risk model then that is your daily return. This is a phenomenal amount of money over a year. Even if you managed only 20 pips per week you would have a compound annual return of over 130%!

I really thought that S+R would help with this system and cannot yet find a coder that can help with this but may sort it out yet. Will wait and see.

Anyway in early stages of testing the EA it made 100K in two days of over 130 trades with zero losing trades. Then went on to lose so I do need to fix it so it wins more often but takes some small losses or something. I see there is potential there. I was trading aggressively - with money management so when I say aggressively I mean with high balance and lot size because I wanted to see how it performed and was confident about the EA. I could fix this but it may mean not using MACD even, or finding a better one than MACD.

Jimmy · December 27, 2007, 4:11pm

Anyone get the nice run today? I actually made a mistake and set my chart to 15 mins but take a look at that. Glad I made the mistake. Riding it down now.

nesa1980 · December 27, 2007, 5:28pm

Well done to you, looked like a nice ride! Said to myself im gona give the system a shot in the new year after im back from holiday.

cosgrove · December 27, 2007, 5:34pm

How are you getting 130 trades in two days? I hope it’s on multiple pairs?

Jimmy · December 27, 2007, 5:46pm

That or he’s doing a much shorter time frame?

FseXy · December 27, 2007, 9:34pm

I used it on several pairs. If you wanted to use it on lower TF then you may need to change settings in Parabolic SAR. P-SAR wasn’t designed to be used on M30 anyway.

FseXy · December 29, 2007, 9:16pm

eight10:

Ok, so after getting a billion requests and PMs here is my EA for this system. NOTE, its not perfect, but all the logic from the system is there. It can definitely be improved upon, as in its current state it appears only somewhat profitable and that might just randomly be so.

There is some generally messy code and laziness involved because this wasnt my main project. There also plenty of optimizations that can be done and entry/exit Logic can be improved upon. Perhaps some more trade filtering, or timefram adaptation or for other currency pairs. I have not extensively tested this.

This should really be more of a start for some one who wants to make a very good EA from this system.

I will answer some questions and such if you have any. Like what the heck ValidTimeframes are for this program. obviously new cross of the MACD and fresh signals from SAR dont occur at precisely the same exact time. So there should be a window in whatever number of minutes that the new signals could occur for it to be a valid entry. Too small a timefram and very little trades will be placed, too huge timeframe and it will give false signals.

questions, comments, etc. <[email protected]>

First time I tried to attach your EA and it it greyed out when showing in MT4 and will not attach, anyone else experienced the same? Seems it was not compiled or some error.

FseXy · December 29, 2007, 9:27pm

It’s ok now. I fixed it by removing some spaces in the code and compiled it.

Paul_Allen · December 30, 2007, 7:35pm

According to James’ rules, you should:

When the first /second or sometime’s third Parabolic SAR dot appear’s and the macd cross Go long in a up trend and the opposite if in down trend exit on the changing of direction.

Is this calling the formation of the signals (i.e. macd and SAR give a buy signal) as being an up-trend, or should I look at a longer time frame chart (i.e. the 4hr) to see if the pair is in an up-trend or down-trend to screen out signals - that would be avoid buy signals if in a downtrend, and vice versa. Any thoughts on determining trend?

Thanks in advance

cosgrove · December 30, 2007, 10:05pm

If how to determine trend could be put into a few sentences on an internet message board, we’d all be rich

But yes, look to the 1h, 4h, or daily chart with a PSAR, moving averages, trendlines, fib levels, etc. Find what you think works best with your system and go from there. I don’t want to give any specific advice because I don’t really know if my way is any good yet

mastergunner99 · December 31, 2007, 7:16am

The MACD is in place as a deterrent against whipsaw. Of course, nothing is 100 percent accurate, but you’ll be a lot better off than if you were to just follow Parabolic signals alone.

trinifx · January 1, 2008, 1:17pm

I tried doing this but I still can’t get it to work. The only thing that shows up is the name. I don’t trade on metatrader I just like using the charts.

esl620 · January 1, 2008, 6:21pm

Hello,

First, thanks to James and all others who have given input to improve this system. I’ve seen the EA in the thread but is there anything out there that will simply give an email alert when the 1st PSAR dot appears and MACD crosses? Thanks

RaBlack · January 2, 2008, 11:27am

Hi My name is Richard Black

I signed up for James program but havent had any success in loading software. Might be me but I do need James direct Email so I can get in contact with him. Any help would be appreciated.

Thanks
Richard

trinifx · January 5, 2008, 9:01pm

I tried doing that and nothing shows up. What am I doing wrong? I don’t live trade Alpari I just like their charts. I trade on Oanda. Can you help me out

nesa1980 · January 30, 2008, 8:49am

Thought ill post my progress for this week so far:

Monday - Almost 70pips

Tuesday - Very choppy market, got whipsawed twice! Shouldnt have traded in the first place! :mad:

james · January 30, 2008, 3:20pm

Hi there james here

Well done Nesa for monday

market should return to normal now the US rate is done

Regards

James