Bones trading system

Beno
1163
Beno  

I'm in the process of developing a system I call it Bones as in (bare bones)

Indicators

MACD Traditional (setting as per indicator)

Stochastic (20, 5,5)

CCI (20)

QQE (20)

Entries

If 3 of the 4 indicator have shown there signals and are in sync then enter a position.

MACD long signal = ma crossed below the 0 line and 1 histo above the 0

Stoch long signal = crossed below the 20

CCI long signal = line crossed the 0 line

QQE long signal = Rsi crossed above the atr ?

Vice versa for short

MM is as per attached excel sheet

I have just open a live micro account with Lite FX to see how thing go.

Have a look and let my know what you think

I will attached the indi's and the template on the next post.

Vlad Vahnovanu
383
Vlad Vahnovanu  

Where is your template?I didn't find it in the archive ......

Beno
1163
Beno  

vladv

Sorry about that

prasxz
1259
prasxz  

hi

what about exit rule?

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Forex Indicators Collection

Beno
1163
Beno  

Exits

I use multiple

I use the SL and the trailing sl but as a potential target I use the exit calculation which is based on the SL multipled by the ME. but thats the mechanical side if thing.

I will also exit on a reveral signal

Cheers

Beno

Beno
1163
Beno  

My current position are currently up a few dollars not a lot but it's a start.

SELL's

EURUSD

O 1.2934

SL 1.3287

TP 1.1609

Buy's

USDCHF

O 1.1958

SL 1.1544

TP 1.3542

The Sl and TP are based on the MM excel sheet with 2 signal

Cheers

Beno

Beno
1163
Beno  

Here are the indi's and my MM system.

Please keep in mind that this is all still early days so any input/ feedback is welcome be it good bad or ugly.

This is a very easy system to follow and you can use a lot of discretion.

I am using a 4hr Time Frame and have 28 pairs to monitor it sound a lot but you would only get about 4 to 5 signal a day.

If a coding wiz kid want to give it a crack feel free.

I have been running a signal only system on my vt account and that seems to be doing ok.

The mm is an DDE and work with liteFX set your own Draw Down

I am change brokers due to being in requote hell my record is 9 not funny.

Any way have fun and good luck

Cheers

Beno

Files:
bones.zip  87 kb
bones.tpl  9 kb
Beno
1163
Beno  

Currenly watching

Possible Sell

GBPUSD

Possible Buy

USDCAD

Beno
1163
Beno  

currently watching GBPCHF for a sell

Beno
1163
Beno  

Here are my current positions on the demo account.

I placed a few bad positions early on but it's looking ok for now.

I missed the EURGBP buy signal this morning but it will be there again.

is anybody trying this.

Cheers

Beno

stockmaster
28
stockmaster  

Re

Hey, nice discussion. I want to know more about exit rule . Please describe it for me.