Thread: Eaty system

For V2 pls refer to part1 part2 part3

================================================== ========================

I'd developed this system for sometime. It's foundation on H4 time frame.

For beginning let make it short. If anybody curious with it I only write more. As my Language suck, therefore I make it point form and graphically for easy comprehension. Hope there are no typo. : )

Time frame: H4
Pair: GBPJPY (This pair perform well.)
Indior: RSI (3), RSI (4 ) ), MACD (7, 13, 1)

Buy Enter: RSI (3) and RSI (4 ) ) to cross above 50. MACD (7, 13, 1) must maintain green colour. After 3 signal confirmed, the next bar start we place 3 pending buy orders. 3 pending commerce:
1. Entry = High 16pips Spread, TP = 50, SL (Pls read Stop reduction composed below.)
2. Entry = High 16pips Spread, TP = 100, SL (Pls read Stop reduction composed below.)
3. Entry = High 16pips Spread, TP = publicly before the SL hit, SL (Pls read Stop reduction composed below.)
For non GJ your TP will need to change as under:
TP1 = 15
Tp2 = 30
TP3 = publicly





Sell Enter:
RSI (3) and RSI (4 ) ) to cross below 50. MACD (7, 13, 1) must be in red colour. After 3 signal confirmed, the next bar start we place 3 pending market orders. 3 pending commerce:


1. Entry = High - 16pips - Spread, TP = 50, SL (Pls read Stop reduction composed below.)

2. Entry = High - 16pips - Spread, TP = 100, SL (Pls read Stop reduction composed below.)

3. Entry = High - 16pips - Spread, TP = publicly before the SL hit, SL (Pls read Stop reduction composed below.)

For non GJ your TP will need to change as under:

TP1 = 15

Tp2 = 30

TP3 = freely








Stop Loss (SL):

Case1: Set at the opposite entry.


Case2: When the H4 pub accomplishes gt; 150 pips profit, at the end of the H4 pub set our SL to 50 pips.







SL Case1 SL Case2: Permit look at the High1 for pending buy order.









Buy entry = 128.12 (High1) 16 pips 7 pips (spread) = 128.35








SL = 126.71 (Low1) #8211; 16 pips #8211; 0 (Spread) = 126.55




High2 #8211; Entry = 129.50 - 128.35 = 115 pips





Trade1 (T1) TP = 50







Trade2 (T2) TP = 100




Trade3 (T3) TP = not yet hit cos it hasn#8217;t reach our SL, SL = 126.55


So T3 keep operating. Until SL principles apply.





Sell entrance = New SL (Base on Case1)




So a Pending sell order and new SL to get T3. Open until it shut. For this instance it transfer up to High3. SL case2 principles apply.







New SL = 50 pips (Base on case2, 130.66 (High3) #8211; 128.35 (Entrance ) = 231).





Let it run until new SL principles apply. In this circumstance it shut at our SL.




T1 TP = 50







T2 TP = 100




T3 TP = 50



Total profit = 50 100 50 = 200 pips


Case3:
RSI (3) form a new low above 50 for buy. RSI (3) form a new high below 50 for sell.






Case3.b: This pic show sell order with SL case3







Market entrance =138.18 (L1) - 16 pips - 0 pips (spread) = 138.02

SL = buy entrance = 139.29(H1) 16 pips 7 pips (Spread) = 139.52

Entry #8211; L2 = 138.02 #8211; 136.00 = 202

16 pips 7 spread = 23 pips


Trade1 (T1) TP = 50

Trade2 (T2) TP = 100

Trade3 (T3) TP = not yet hit cos it hasn#8217;t reach on our SL, SL = 139.52


SL advancement

139.52 (Case1)

138.02(Entrance ) #8211; 50 pips = 137.52 (Case2)

137.01(L2) 23 pips = 137.24 (Case3)

136.89(L3) 23 pips = 137.12 (Case3)

136.23 (L4) 23 pips = 136.46 (Case3)

136.09 (L5) 23 pips = 136.32 (Case3)

135.22 (L6) 23 pips = 135.45 (Case3)


Trade1 (T1) TP = 50

Trade2 (T2) TP = 100

Trade3 (T3) TP = 138.02 #8211; 135.45 = 257


Total profit = 50 100 257 = 407


Case4:
RSI (3) proceed below 50 for buy. RSI (3) transfer above 50 for sell.








Case4.a: This pic show sell order with SL case4









Buy entry =130.50 (H1) 16 pips 7 pips (spread) = 130.73





SL = For this instance we don#8217;t even have SL at start cos previous sell had close. We don#8217;t put SL until SL principles apply. RSI (3) below 50 employ after our buy entrance signal. So we will use that as a SL. SL = L1 #8211; 16 pips = 128.92




Entry #8211; H2 = 130.73 #8211; 133.26 = 253




SL progress




128.92



130.73 (Entrance ) 50 pips = 131.23(Case2)



132.09 (L2) #8211; 16 pips = 131.93 (Case4)




Trade1 (T1) TP = 50




Trade2 (T2) TP = 100



Trade3 (T3) TP = 130.73 #8211; 131.93 = 120



Total profit = 50 100 120 = 270







*** No trade when MACD(7, 13, 1) lt; 30 Or gt;-30.



BE whenever in profit.



Instance:





1. 01 Jun 09 GBYJPY Buy order. (390 pips)




Component 1



Component 2



Component 3



Component 4




2. 02 Jun 09 GBYJPY Sell order. (88 pips)




Component 1



Component Two



Component 3https://www.nigeriaforextrading.com/...8644917177.ex4
https://www.nigeriaforextrading.com/...9598343094.ex4
https://www.nigeriaforextrading.com/...1209387627.ex4
https://www.nigeriaforextrading.com/...2393236762.tpl
https://www.nigeriaforextrading.com/...4673781194.tpl
https://www.nigeriaforextrading.com/...1162993800.mq4

Are You using some particular MACD? Because the one that is in normal MT4 indiors does not have 2 colors like Your.

Hi Eaty, What broker do you use? I want to utilize the identical broker as yoursas different brokers distinct counter time from GMT and that can affect my analysis based on your concept. Thank you

Yeah as you mentioned, Ea for this particular system could be fine. I wonder what outcomes would be?

Originally Posted by ;

thank you for posting this. What percent wins do you have and how long have you ever live analyzed it. It seems good.

Your English is excellent.

Steve

Lik each of the other sys got bad n good result as well. I analyzed from feb09 til could last week. Typical around 300 pips.

Anyway my english is excellent in good or bad way...

here is the colored Macd.
https://www.nigeriaforextrading.com/...6843323438.mq4

Thanx for share, that's a Fantastic Method

_____________________________

http://forexinterval.blogspot.com/

.

It is a good egy for h4. Another window to H4. Can you alter it? Is that possible?
Thank you
QQE

I had added the indior and template in my 1st post. Pls refer to the 1st post.

No I tried it in H1 and I neglect cos in H1 MACD n RSI series alot fate signal that will cos us lose.

FYI, best time for this particular sys is GMT 1, GMT 5, GMT 9, GMT 13, GMT 17, GMT 20.

I analyzed humor GMT 1 and GMT 2. Result is indeed distinct. GMT 1 given a much result that is much better to me. I had never testing with other GMT so if u analyzed humor other GMT share humor me,. . .lazy eaty.

thanx Eaty for sharing . . I will attempt to give it test next week.