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Thread: GU tradingsystem request for EA

  1. #1

    Default GU tradingsystem request for EA

    hi,
    this is a great tradingsystem that works realy well. The only thing is....you have to watch the screen all the time...
    It is from the Forex factory forum, GU intraday system.

    here it is:

    THE TRADING SYSTEM

    Buy Signal

    price closes above gann and 5sma, stoch pointing upwards better when breaking above 20 and moving upwards. ADR indicator is green showing market has increasing ATR(good volatility) and swingman trix showing arrow up or increasing momentum to the upside.

    Sell Signal

    Opposite of buy signal

    Risk Management and Targets

    Enter with 2 minilots

    First take profit target 40-50 pips or if you buy at pivot level target next pivot level.

    Second take profit level when stoch reaches overbought or oversold and price is at major support or resistance level or has moved for example from Daily Pivot to R2 level. Of course if price closes below gann in an uptrend then you are out.

    Stop Loss level. If going long the low of the candle stick that precedes the signal candle(the candle that closes above gann to give the buy signal)

    TRADING TIMES

    Works best from London open to 1100 gmt.
    Attached Images Attached Images GU tradingsystem request for EA-guintraday-jpg 
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    Last edited by roodstaart; 06-03-2010 at 11:00.

  2. #2
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by roodstaart View Post
    hi,
    this is a great tradingsystem that works realy well. The only thing is....you have to watch the screen all the time...
    It is from the Forex factory forum, GU intraday system.

    here it is:

    THE TRADING SYSTEM

    Buy Signal

    price closes above gann and 5sma, stoch pointing upwards better when breaking above 20 and moving upwards. ADR indicator is green showing market has increasing ATR(good volatility) and swingman trix showing arrow up or increasing momentum to the upside.

    Sell Signal

    Opposite of buy signal

    Risk Management and Targets

    Enter with 2 minilots

    First take profit target 40-50 pips or if you buy at pivot level target next pivot level.

    Second take profit level when stoch reaches overbought or oversold and price is at major support or resistance level or has moved for example from Daily Pivot to R2 level. Of course if price closes below gann in an uptrend then you are out.

    Stop Loss level. If going long the low of the candle stick that precedes the signal candle(the candle that closes above gann to give the buy signal)

    TRADING TIMES

    Works best from London open to 1100 gmt.
    Hi roodstaart,

    Here is an EA.

    What is ADR ?
    Attached Files Attached Files

  3. #3

    Default

    Quote Originally Posted by funyoo View Post
    Hi roodstaart,

    Here is an EA.

    What is ADR ?
    volatility

    Thank you for this ea. I start testing it next week and let you know.

    By the way, would it be possible to add an optional choise to close half of the position at breakevenpoint and let the other half run further?
    Last edited by roodstaart; 06-04-2010 at 20:25.

  4. #4

    Default

    For those who want to trade this ea: lb settings and sma settings must be the same: 5 and in very volalatile periodes (like now): both on 7.
    Here is the link to the forumtread:
    http://www.forexfactory.com/showthread.php?t=232152
    Last edited by roodstaart; 06-04-2010 at 20:29.

  5. #5

    Default

    does not seem to trade, any sets?

  6. #6

    Default

    Quote Originally Posted by hunter6 View Post
    does not seem to trade, any sets?
    this ea trades well, but with some additions: stochastic enter up only if already above 20 and sell only if < 90. Further you need to use mptm to close half position on breakeven and let other half run. Also activate the start and stop tradingtime inside the ea code. For you must use that to get very good results.

  7. #7

    Default

    rood, is it trading in backtest or just in your live account?

  8. #8

    Default

    live trading. With mptm on second chart, managing the pips, breakeven set, and closing half position on breakeven and let other half run...

    Quote Originally Posted by hunter6 View Post
    rood, is it trading in backtest or just in your live account?

  9. #9
    Member
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    Midwest USA
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    Default

    No trade in BT here either.

  10. #10

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    Quote Originally Posted by 626mx View Post
    No trade in BT here either.
    Check your settings. This ea is a good ea, that makes profit.

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