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Thread: 8 and 8 method

  1. #1

    Default 8 and 8 method

    Main Chart:
    - 28-period EMA

    Other Indicators:
    - 8-period RSI
    - 8-period EMA
    - 20-period ATR

    This method appears to be a fairly robust and profitable system. Not sure whether can it becomes a good EA ? Cheers !
    Attached Images Attached Images 8 and 8 method-the-208and8-20method-20e-book-1-jpg 
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    Last edited by Passion Trader; 12-27-2008 at 10:33. Reason: Put in Template and Diagram.

  2. #2
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by Passion Trader View Post
    This method appears to be a fairly robust and profitable system.

    Not sure whether can it becomes a good EA ?

    Cheers !

    .
    Hi Passion Trader,

    Make a summary with your own words, I have not the time to read ebooks.

  3. #3
    Administrator funyoo's Avatar
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    Ok here is the 8 and 8 Method EA.
    Attached Files Attached Files

  4. #4

    Default

    Dear Sir funyoo...

    Thank you for sharing your development. You are very fast as I was drafting the strategy to post it to you. Yet you have come out the EA.

    I will take a look and test it out.

    Thanks again and wish you a happy new year 2009.

    Cheers.

  5. #5

    Default 8 and 8 Method EA

    Quote Originally Posted by funyoo View Post
    Ok here is the 8 and 8 Method EA.
    I've been testing this EA on my FXDD demo account, but no trade has entered as of yet. Am I missing something?

    I'd like to hear about experience from anyone who has tested tis EA.

  6. #6

    Default

    I am testing it on FXDD too. But i have 2 trades open on GU and UC. TF = daily. Setting is default. Anyone got optimised settings and TF to share?

  7. #7

    Default No trade has entered yet.

    Still, no trade. I'm using the default settings with FXDD demo account.

  8. #8

    Default So Far

    Well Guys,

    I Bumped Into This Ea And Loved The Strategy.
    But I Decided To Use 5m Instead Of Daily Chart.
    Here Is My Result So Far Forward Testing On Demo.

    (note That The Backtest On Lower Tf Other Than Daily Was Bad)

    However, I Still Want The Author Of This Thread To Post Afresh, Details Of The Strategy Of The Ea. Bcos The Ea Did Not Follow The Template He Posted.

    Good Luck To All.
    Attached Images Attached Images 8 and 8 method-8and8-chart-gif 8 and 8 method-8and8-ea-detailedstatement-gif 
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  9. #9
    Junior Member
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    Default

    I have seen this strategy before, and I am reasonably sure it is profitable over the long run. Is the daily TF the only one it makes money on?

    Thanks.

  10. #10
    Junior Member
    Join Date
    Jan 2009
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    2

    Question Stop loss

    HI,
    Does anybody understand how and when this EA closes a trade with a loss and what the max loss is, it seems not to have a s/l?

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