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Thread: Slope System

  1. #1
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    Default Slope System

    Hi all
    I know, I don't respect the rules but it's difficult to provide a backtest.
    It's just a simple thought because this system is very profitable for me in manual.
    If you don't like, you can delete this thread
    Only an indy : Slope Direction Line and 2 periods 140 and 12 (exactly 140,3,0 and 12,3,0 )
    Rules: the 12 SDL opens a trade only if 140 SDL is in agrement.
    If 140 SDL is blue, only the blue 12 SDL trades are taken ( not the red )
    If 140 SDL is red , only the red 12 SDL trades are taken ( not the blue )
    I use it in M5. It can be used with another TF.

    If this system is suitable for you, I think an EA is very easy.
    Rules:
    BUY when the 2 SDL are blue and exit at change color
    SELL when the 2 SDL are red and exit at change color
    No SL, no TP.
    Of course, the SDL periods can be programmed but 140 and 12 are working fine for me.
    Attached Images Attached Images Slope System-13-jpg 
    Attached Files Attached Files
    Last edited by madscalp; 01-24-2009 at 09:56.

  2. #2

    Default

    Hello,

    If you read the conditions here http://www.tradingsystemforex.com/id...t-request.html then you would see funyoo indicated to post a detailed statement not a backtest so if you are profitable in manual trading post a detailed statement.

    Regards,
    Jeff

    Quote Originally Posted by madscalp View Post
    Hi all
    I know, I don't respect the rules but it's difficult to provide a backtest.
    It's just a simple thought because this system is very profitable for me in manual.
    If you don't like, you can delete this thread
    Only an indy : Slope Direction Line and 2 periods 140 and 12 (exactly 140,3,0 and 12,3,0 )
    Rules: the 12 SDL opens a trade only if 140 SDL is in agrement.
    If 140 SDL is blue, only the blue 12 SDL trades are taken ( not the red )
    If 140 SDL is red , only the red 12 SDL trades are taken ( not the blue )
    I use it in M5. It can be used with another TF.

    If this system is suitable for you, I think an EA is very easy.
    Rules:
    BUY when the 2 SDL are blue and exit at change color
    SELL when the 2 SDL are red and exit at change color
    No SL, no TP.
    Of course, the SDL periods can be programmed but 140 and 12 are working fine for me.
    Last edited by AZJeff; 01-24-2009 at 11:47.

  3. #3

    Default

    hi madscalp. I think this would make a perfect EA. If the major line is red, then only enter shorts when the minor lines turn red. Vica versa for blue.

    I have just attached this to a JPYGPY chart and i can see, in hindsight, where i could enter and exit. It makes perfect sense. I am using the 1H chart as I would like to miss any whipsaw.

    It is probably the most simplest indicator about but i think it is very a effective scalping tool and you will not have much drawdown. I hope someone can code it for you. I am not sure how much of a lagging indicator this is, but i think we can still basket very many pips, even with any lag! I also hope there is no repainting!
    Last edited by Viv108; 01-24-2009 at 13:06. Reason: correction

  4. #4
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    Default

    Quote Originally Posted by AZJeff View Post
    Hello,

    If you read the conditions here http://www.tradingsystemforex.com/id...t-request.html then you would see funyoo indicated to post a detailed statement not a backtest so if you are profitable in manual trading post a detailed statement.

    Regards,
    Jeff
    Hi Jeff
    A detailed statement has sense if trading is regular.
    Unfortunately, it's not my case because my job.
    For example, on last monday only 1 hour of trading, on tuesday nothing, on wednesday 2 hours etc..etc..and never in the same hours !
    But every time , my results are positive or deuce, rarely negative ....be sure !
    My best results are obtained during London session with pairs with weak spread ( EURUSD and GBPUSD ).
    Regards

  5. #5
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    Default

    Quote Originally Posted by Viv108 View Post
    hi madscalp. I think this would make a perfect EA. If the major line is red, then only enter shorts when the minor lines turn red. Vica versa for blue.

    I have just attached this to a JPYGPY chart and i can see, in hindsight, where i could enter and exit. It makes perfect sense. I am using the 1H chart as I would like to miss any whipsaw.

    It is probably the most simplest indicator about but i think it is very a effective scalping tool and you will not have much drawdown. I hope someone can code it for you. I am not sure how much of a lagging indicator this is, but i think we can still basket very many pips, even with any lag! I also hope there is no repainting!
    Hi viv108,
    Honestly, it's true , SDL is repainting a few.
    This SDL version has been improved but it's not perfect yet.
    Personally, I enter on the next candle if change color is confirmed.
    But with this system of scalping, the losses are always weak while the profits are often more important.
    In an EA, the DD will be necessary weak.
    Last edited by madscalp; 01-24-2009 at 13:59.

  6. #6
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    Default

    Another example with EURJPY and 2 new indys I'm going to test next week.

    Goldminer use is very clear but it seems it's repainting a lot in live !!!
    Effect m2 : if trend is down--> SELL if red bar > 0.5 and no BUY
    if trend is up --> BUY if blue bar < 0.5 and no SELL.

    These indys are just for probation: they must not be included in the EA.
    Attached Images Attached Images Slope System-14-jpg 
    Attached Files Attached Files
    Last edited by madscalp; 01-24-2009 at 15:40.

  7. #7

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    Sounds good. Let us know how you get on. I will keep an eye on this also. Infact, if you use a longer time frame (say 1H) i think results are more reliable.

  8. #8
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    Default

    Quote Originally Posted by Viv108 View Post
    Sounds good. Let us know how you get on. I will keep an eye on this also. Infact, if you use a longer time frame (say 1H) i think results are more reliable.
    You're probably right but as I have not enough time I prefer a small TF to make some pips quickly
    Last edited by madscalp; 01-24-2009 at 15:32.

  9. #9
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    Default

    Madscalp
    The EA will not attach to a chart. It has to sit in the EA folder, right?
    Regards,
    Ludo

  10. #10

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    hi ludo

    All the attachments need to go into the indicator folder. Then they will attach to the chart.
    Last edited by Viv108; 01-24-2009 at 16:38.

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