[SHARE] 10 pips daily system

[lptuyen]

Haven't yet tried it, but it seem very good. Here is the link:

 

http://www.4shared.com/rar/ApP13eJ2/10pips_daily.html

 

BRs.

[apresau]

Strategies don't come much simpler than this.

To quickly check the strategy against different pairs, I wrote a histogram indicator.

I'm not permitted to post attachments, so here's the code -

 

//+------------------------------------------------------------------+

//| RSI_MA Cross Histo.mq4 |

//+------------------------------------------------------------------+

#property indicator_separate_window

#property indicator_buffers 2

#property indicator_color1 SteelBlue

#property indicator_style1 STYLE_SOLID

#property indicator_width1 2

#property indicator_color2 Crimson

#property indicator_style2 STYLE_SOLID

#property indicator_width2 2

 

//---- input parameters

extern int RSI_Period = 21;

extern int MinRSIcross = 0;

extern int FastMaPeriod = 5;

extern int SlowMaPeriod = 12;

extern int MaType = 1;

extern int MinMAcross = 0;

extern int shift = 1;

 

//---- indicator buffers

double UpHisto[];

double DnHisto[];

 

double points;

//+------------------------------------------------------------------+

//| Custom indicator initialization function |

//+------------------------------------------------------------------+

int init()

{

//---- indicators

SetIndexBuffer(0,UpHisto);

SetIndexStyle(0,DRAW_HISTOGRAM);

SetIndexBuffer(1,DnHisto);

SetIndexStyle(1,DRAW_HISTOGRAM);

 

//----

if(Digits==3 || Digits==5)

points = Point*10;

else points = Point;

 

return(0);

}

//+------------------------------------------------------------------+

//| Custom indicator deinitialization function |

//+------------------------------------------------------------------+

int deinit()

{

//----

 

//----

return(0);

}

//+------------------------------------------------------------------+

//| Custom indicator iteration function |

//+------------------------------------------------------------------+

int start()

{

if (Bars <= 10) return (0);

int counted_bars;//=IndicatorCounted();

if(counted_bars<0) return(-1);

//if(counted_bars>0) counted_bars--;

int limit=Bars-counted_bars;

//----

for (int i = limit; i >= 0; i--) {

double RSI = iRSI(NULL,0,RSI_Period,PRICE_CLOSE,i+shift);

double FastMa = iMA(NULL,0,FastMaPeriod,shift,MaType,PRICE_CLOSE,i);

double SlowMa = iMA(NULL,0,SlowMaPeriod,shift,MaType,PRICE_CLOSE,i);

 

UpHisto = 0;

DnHisto = 0;

if(RSI>50+MinRSIcross){

if(FastMa>SlowMa+MinMAcross*points){

UpHisto = 1;

}

}

if(RSI<50-MinRSIcross){

if(FastMa<SlowMa-MinMAcross*points){

DnHisto = 1;

}

}

}

//----

 

//----

return(0);

}

 

//+------------------------------------------------------------------+

 

If long conditions are met, a blue histo bar shows.

If short conditions are met, a red histo bar shows.

If conditions are not met, no bar.

 

MinRSIcross and MinMAcross are included to filter some of the false trades.

(MinMAcross is in pips, adjusted for 4- and 5-digit brokers)

The shift variable is included because MA crosses often don't confirm

until the open of the next bar (hence the default value of 1)

 

Like most MA crosses, it seems best suited for longer trends.

 

enjoy

[PSmith41]

Thank you very much for your work apresau.

Cheers,

Paul.

[pipette4x]

thanks apresau. it sure makes it easy

[thaomoua]

u are totally awesome!

[peterpiak]

Please someone kindly post the indicator, i do not know how to compile the code.

[FxNewbie]

Just copy between the +-----------+ at the top and +-----------+ at the bottom. Then paste into any text editor like Notepad and "Save-As" RSI_MA Cross Histo.mq4 in your MT4 Experts | Indicators folder. Then load this file in MetaEditor (F4) and click the compile button. Restart MT4 and it's all done. Hope this helps. Try it. It is easy to do and a good learning experience for you.

[apresau]

Hi folks,

Thanks for the feedback - very kind of you.

To make it easier, I've opened a mediafire account.

The indicator has been tidied up and put here -

 

http://www.mediafire.com/?jjwdn9dxb0a4fb6

 

(should have done this before - sorry)

 

Purely mechanical strategies (no trader discretion involved)

can usually be coded this way for testing.

 

I don't mind trying others if you need them.

[mark1504]

Thank you!!!

[uttkal]

hello

Please can you attach in this forum only. its easy just go advance post option.

[iqofgenius]

Link is dead

[nht]

Re-uploaded:

 

mediafire.com/?jdcy71k6yslooxe

[iqofgenius]

Danke sehr!

[elnikos]

it looks that the indicator is not always right!

[Rey Nuevo]

awesome, thanks!! :)

[dashisiong]

Interesting indi.....thanks for the reup for the indi...

[iqofgenius]

Tried this morning on 6 pairs. No losers and made 60 very easy pips. If you are trading full lots like I do this can provide a rather handsome income.

[iqofgenius]

This might be a simplistic ****** system but on the one hour chart it is almost impossible on a major pair to find a losing trade when the criteria of RSI crossing 50 and using a 10 pip take profit with a 15 pip stoploss. Check it out on some major pairs for yourself. I made over $600 in 2 days trading one lot at a time.

[fallingrain]

This might be a simplistic ****** system but on the one hour chart it is almost impossible on a major pair to find a losing trade when the criteria of RSI crossing 50 and using a 10 pip take profit with a 15 pip stoploss. Check it out on some major pairs for yourself. I made over $600 in 2 days trading one lot at a time.

 

 

So u traded the exact system except with SL 15 pip and it is very profitable?

[lbf4223]

I tested this for the month of July on the Globex 6E contract (EUR/USD pair equivalent) on a 60 minute chart with Amibroker on 400 different combinations of stop and profit target (including 10 pips profit and 15 pips stop) and it failed miserably. Not 1 winning combination.

 

It doesn't matter if you trade it with 1 pair or 6. It's a loser.

 

Now, I did this on a 24 hour period. If you want to limit it to certain tradeable hours (give in EST) then that's easy enough to test as well. But, just looking over the sequences of winners and losers over a 24 hour period, there is no sweet spot where sequences of winning trades are always popping up.

 

If it's as good as claimed, simple backtesting will reveal this. It's not. Sorry to be the bearer of bad news.

[iqofgenius]

Using a 10 pip take profit and a 15 pip stoploss and the 21 RSI cross of the 50 on the EUR/USD beginning on 7/30/12 through 8/8/12 I had 9 trades and no losses. The following is EST time.

7/30 2100, 7/31 0500, 8/1 0100, 8/1 1000, 8/2 0300, 8/2 0800, 8/3 0200, 8/6 0800, 8/8 1800. With the exception of the trade on 8/3 which gave me 64 pips the others were 10 each for a total of 144 pips on this one pair with zero losses. At the same time there were 7 winners and 2 losers on the EU/JP, 7 winners and 1 loser on the AU/US and 8 winners and 1 loser on the AU/JP. I netted a little over $3000.00 in 8 days. I am not trying to sell this thing because it is free but in a market like we are in now plus the fact it is August I am happy with almost $400 a day.

[adsanders]

I agree with iqofgenius. I really like this simple system/idea. I took a quick look at the eur/usd 15m chart over the last couple days and it looks pretty good even on 15 mins chart. I am going to test it next week. Thanks for the posts.

[PSmith41]

I'm liking this one :)

 

Simple and effective.

[iqofgenius]

Take some advice. Use the one hour chart only.

[iqofgenius]

BTW, made 44 pips today on my 6 pairs. That is over $400 a day.