ramliam Posted March 27, 2011 Report Share Posted March 27, 2011 hello all, Victor is a trader on myfxbook with over two years of track record, you can see his statement here: http://www.myfxbook.com/members/victorbrigge/victor/43323 few days ago he decide to teach his system,can one of the great coder help to code EA from Victor's system, A few words about the strategy: I only trade trends (at least 90% of trade takes place on the trend). I believe that all strategies have the same algorithm. 1. Search of trend. 2. Search confirmation of trend using indicators. 3. Search the moment to open a position 1. TREND. ------------------- I did not bother to new methods of analysis. My favorite method is to determine trend by the theory of Charles Dow. Example: __________ /___ _______/\_/____ __/\___/_\/____ _/__\/_________ => UP TREND begins /_____________ \_____________ _\__/\_________ __\/__\_/\______ => DOWN TREND begins ______\/_\_____ _________\_____ I trade only if I see the trend. If the trend is unknown I don`t open any positions. 2. CONFIRMING THE TREND I confirm trend my using MACD. Parameters are 25, 75, 25. If the main hystogram is above 0 it confirms UP trend. If under 0 it confirms DOWN trend. P.S. The confirmation uses ONLY after determination the trend by Dow theory. After the trend is identified I trying to find moment to open position. HOW I OPEN POSITIONS: As I wrote before, I use Dow theory to detect the trend. Trend devided by two waves: 1. Impulse wave (Strong movement for a short period of time) 2. Correction (lateral movement for a long time or a slight movement against the trend) I think it`s better to open positions when we are at correction. Sometime I use Stochastic Oscillator (Paremeters 8,3,3. Levels 70/30). On different instruments I use different parameters of Levels, like 75/35 or 60/40. The signal for BUY comes when the Main line is crossing Level 30 from the bottom. The signal for SELL comes when the Main line is crossing Level 70 from the top. Here is my rule: "Use Buy signal on UP trends. Use Sell signal on DOWN trends." That`s all :) Here is example on chart. At the begining of the chart we know that UP trend begins before (you can find this data on history), so we can use BUY signals on stochastic to open positions. I hope, you must understand my drawings :) <a href='http://www.myfxbook.com/files/victorbrigge/Stoch_trend.jpg' target='_blank'><img src='http://www.myfxbook.com/files/victorbrigge/Stoch_trend.jpg'/></a> best regards ramliam PipPip_Hurray and Diesel 10 2 Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted March 27, 2011 Report Share Posted March 27, 2011 hello all, Victor is a trader on myfxbook with over two years of track record, you can see his statement here: http://www.myfxbook.com/members/victorbrigge/victor/43323 few days ago he decide to teach his system,can one of the great coder help to code EA from Victor's system, A few words about the strategy: I only trade trends (at least 90% of trade takes place on the trend). I believe that all strategies have the same algorithm. 1. Search of trend. 2. Search confirmation of trend using indicators. 3. Search the moment to open a position 1. TREND. ------------------- I did not bother to new methods of analysis. My favorite method is to determine trend by the theory of Charles Dow. Example: __________ /___ _______/\_/____ __/\___/_\/____ _/__\/_________ => UP TREND begins /_____________ \_____________ _\__/\_________ __\/__\_/\______ => DOWN TREND begins ______\/_\_____ _________\_____ I trade only if I see the trend. If the trend is unknown I don`t open any positions. 2. CONFIRMING THE TREND I confirm trend my using MACD. Parameters are 25, 75, 25. If the main hystogram is above 0 it confirms UP trend. If under 0 it confirms DOWN trend. P.S. The confirmation uses ONLY after determination the trend by Dow theory. After the trend is identified I trying to find moment to open position. HOW I OPEN POSITIONS: As I wrote before, I use Dow theory to detect the trend. Trend devided by two waves: 1. Impulse wave (Strong movement for a short period of time) 2. Correction (lateral movement for a long time or a slight movement against the trend) I think it`s better to open positions when we are at correction. Sometime I use Stochastic Oscillator (Paremeters 8,3,3. Levels 70/30). On different instruments I use different parameters of Levels, like 75/35 or 60/40. The signal for BUY comes when the Main line is crossing Level 30 from the bottom. The signal for SELL comes when the Main line is crossing Level 70 from the top. Here is my rule: "Use Buy signal on UP trends. Use Sell signal on DOWN trends." That`s all :) Here is example on chart. At the begining of the chart we know that UP trend begins before (you can find this data on history), so we can use BUY signals on stochastic to open positions. I hope, you must understand my drawings :) <a href='http://www.myfxbook.com/files/victorbrigge/Stoch_trend.jpg' target='_blank'><img src='http://www.myfxbook.com/files/victorbrigge/Stoch_trend.jpg'/></a> best regards ramliam Makes Sense. Thanks for sharing. Quote Link to comment Share on other sites More sharing options...
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