After a lot of thought and work I have decided to unveil a system that I have been using for the past year or so. The reason for doing this is to see if someone can program a useable EA that can bypass me having to sit at my screen at inconvenient times throughout the day.
I have developed this system from others that are on this forum and do not claim to be the originator. Others such as Paulus and Dreamliner have done much more of this work.
However I have tried to organize this system so that it is as mechanical as possible. The aim is to reduce the subjective part of trading to a minimum, to reduce the adrenaline rush that comes from making a trading decision and often then clouds that decision, and to ideally have a truely mechanical system that provides some sort of return.
I have manually back tested this over 5 years on several of the pairs and have forward tested it on 11 pairs for nearly 18 months. Therefore I am confident that the system not only works but that it has a degree of adaptability and robustness to cope with changing markets. Yes I admit that it has not performed as well this year as last, but it has still returned a massive number of pips. Yes the indicator does repaint slightly but not significantly enough in a live setting to alter the profitability greatly.
I am not looking to have other indicators to replace or enhance those that are included. Any optimisation that is performed must be done by each individual trader.
This is a simple system that works and doesn't really need any changing, just an EA.
Enjoy,
Mister ED
This is the link to the trading journal I have. Mister ED's HA trading journal
This is where the latest optimisation information is posted
I have developed this system from others that are on this forum and do not claim to be the originator. Others such as Paulus and Dreamliner have done much more of this work.
However I have tried to organize this system so that it is as mechanical as possible. The aim is to reduce the subjective part of trading to a minimum, to reduce the adrenaline rush that comes from making a trading decision and often then clouds that decision, and to ideally have a truely mechanical system that provides some sort of return.
I have manually back tested this over 5 years on several of the pairs and have forward tested it on 11 pairs for nearly 18 months. Therefore I am confident that the system not only works but that it has a degree of adaptability and robustness to cope with changing markets. Yes I admit that it has not performed as well this year as last, but it has still returned a massive number of pips. Yes the indicator does repaint slightly but not significantly enough in a live setting to alter the profitability greatly.
I am not looking to have other indicators to replace or enhance those that are included. Any optimisation that is performed must be done by each individual trader.
This is a simple system that works and doesn't really need any changing, just an EA.
Enjoy,
Mister ED
This is the link to the trading journal I have. Mister ED's HA trading journal
This is where the latest optimisation information is posted
Attached File(s)
Heiken_Ashi_Smoothed.mq4
4 KB
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5,645 downloads
ATR.mq4
2 KB
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4,371 downloads
Mister ED's 4 hour system.doc
117 KB
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15,417 downloads