The Super Simple System

[kazzy]

Thanks Saruman, you've been very helpful hereand i do appreciate your contribution. i have added another indicator and hope to see where we move to in september. Thanks.

[rewing]

I was going to try testing the simplex II/III eas with different EMA settings when I noticed sometning confusing... It would seem that the long EMA value should always be the larger of the 2 values....attached is the default(I think) setting. Can someone please advise?

It shows the long EMA value = 7 and the short = 14. Seems backward to me.

Also....I am having problems getting any trades with 5 digit brokers(FxPro). does the Fix Broker need to be 10?

Thanks
Ron

[Saruman]

Hi everyone,

This week, I traded 7 times.
6 trades closed with a profit, but the last trade of the week closed with a loss. :mad:
In total, I made 71 pips.

The only reason why I made this loss, was the fact that I just couldn't wait and jumped in too early. Basically I was too greedy, and it ruined a perfect weekly record.

Anyway, lesson learned and I am still happy about the result.
After all, 71 pips means 7,10% return on my balance. (with the leverage I'm currently using). :cool:

Bye,
Saruman

[manus168]

Can somebody remain me, which parameter for this trading system :

1. Awesome Oscilator.
2. EMA 7 By Closed.
3. EMA ?

Please let me know.

Thanks.

[manus168]

Sorry iforgotted because too long not to visit this magnificent forum.

Setup is :

1. Awesome Indicators.
2. EMA 14 By Closed.
3. EMA 7 By Closed.

:)

[manus168]

Originally Posted by jake

been using and watching it on the 5m 15m 30m & H1

results have been pretty good for short term...scalping..

I did add another indicator that I picked up from another site.

RSI8 with a EMA8 over laided.

watch the direction the RSI crosses EMA

tends to give a heads up before the SSS shows direction

your opinion would be appreciated.

Did you mean like this Jake ?



Seems preety good too Jake ... :)

[manus168]

Dear AshFX;

I just want to know, how we can re-entry with this system such like September 7th/2009 EUR/USD go north so how we can re-enter the trade ?

Regards;


Manus168

[Saruman]

Hi guys,

Last week, I traded 12 times.
9 trades were positive, and 3 negative.
The negative ones were bigger than the positive ones, so my result in pips is -4 pips.

However, there is still 1 trade open, and this can change the final result from slightly negative into slightly positive.

2 of the 3 negative trades were actually my own mistake. :eek: I took a signal on another time frame, and I didn't really know where to put my stop loss. So another lesson learned here: stick to your time frame (in my case, it's the 4 hrs. candlesticks).

If it weren't for those 2 stupid mistakes, I would have made 144 pips.
Another proof that trading is all about following the rules, and to keep your emotons from taking over control. :(

Happy trading,
Saruman

[jake]

Originally Posted by manus168

Did you mean like this Jake ?



Seems preety good too Jake ... :)

sorry....been gone for a while......yes that is right.

but i did change the RSI to 5 and have been using it on the 5m chart

[Forex37]

Originally Posted by Saruman

You have to wait for the crossing of the EMAs.
You can open a new trade, after the crossing, so at the beginning of the new candlestick.
If you open too soon, you risk entering on a fake signal.

Good luck,
S.

And that`s exactly why I don`t trade the Simplex III EA anymore: it trades at the opening of the confirming candle, not after the close ( opening of the FOLLOWING candle).

Regards

Forex37

[manus168]

Originally Posted by Saruman

Hi guys,

Last week, I traded 12 times.
9 trades were positive, and 3 negative.
The negative ones were bigger than the positive ones, so my result in pips is -4 pips.

However, there is still 1 trade open, and this can change the final result from slightly negative into slightly positive.

2 of the 3 negative trades were actually my own mistake. :eek: I took a signal on another time frame, and I didn't really know where to put my stop loss. So another lesson learned here: stick to your time frame (in my case, it's the 4 hrs. candlesticks).

If it weren't for those 2 stupid mistakes, I would have made 144 pips.
Another proof that trading is all about following the rules, and to keep your emotons from taking over control. :(

Happy trading,
Saruman

Dear Saruman;

Can you post the Account Statement from your trading that you mentioned above ?

Demo (Live its OK) Account is no problem, i just want to check your Open & Closed position.

Thanks before.


Regards;


Manus168

[Saruman]

Hi guys,

Last week was not good. Maybe because it was week nr. 13 in the track record, but the result was negative. :mad:

I traded 16 times, and 7 trades closed with a loss. It was the first time I had that many losers.

Total result in pips was: -40.

I went over the trades, and I actually don't feel bad about the result, because I followed the rules exactly as I should. So it was just the market swinging up and down, and closing on the wrong side of the trade too many times.

This is part of the game, and we have to accept it. With Money Managment keeping your risk under control, this is something we can overcome. Just keep your leverage low enough, and there is enough left for next week.

Happy trading. :cool:

P.S. @Manus 168.
I have made a track record from last week in the Excell-file you can find in the attachment.

[manus168]

Thanks Saruman for the Reply,

Did you used Metatrader.4 or not ? If you used MT.4 please give us the statement from your account history (not in .xls)

Thanks


Sincerly;


Manus168

[SmartFx]

Originally Posted by Forex37

And that`s exactly why I don`t trade the Simplex III EA anymore: it trades at the opening of the confirming candle, not after the close ( opening of the FOLLOWING candle).

Regards

Forex37

Hello Forex37,

I will be updating Simplex to a new version please confirm to me the rule above


Regards

SmartFX

[Forex37]

Hi SmartFX,

yes, the rules say "always trade after the candle has closed". For the cross this is clear, as during the running candle the price could reverse AND revoke the cross. But also the change of color of the AO should trigger an action only at (or after) the close of the candle showing the new color.

Very kind of you to post a new EA.

Kind regards

Forex37

[SmartFx]

OK, EA coming soon....

Doing a new complete EA...

Regards

[Saruman]

Originally Posted by manus168

Thanks Saruman for the Reply,

Did you used Metatrader.4 or not ? If you used MT.4 please give us the statement from your account history (not in .xls)

Thanks


Sincerly;


Manus168

I am not trading with MT 4.
I just use it as a charting tool, but I trade on different platforms.

Saruman

[smada]

Hi

What pairs were you trading?

[piglover]

smartfx how's the EA coming along?

[SmartFx]

Originally Posted by piglover

smartfx how's the EA coming along?

Hello PigLover and the rest waiting for the EA, I stumbled upon an EA that has taken lots of my time than expected been checking out on Simplex too. I appreciate a little patience I will avail when ready..

Another request am working on my own Server/ Client type EA I need some few beta tester from any country..

I only need 50 people who will receive the client EA and help me test functionality, webstress and more..

Anyone willing to help please drop me a PM..... Thanks

Regards

SmartFX

[mercy1]

made 100pips on euro/usd:) today

[swissforex]

Originally Posted by mercy1

made 100pips on euro/usd:) today

Hi

I must admit
I feel like a newbie about htis system

I've read CAREFULLY all the Thread,but when I tried to go live I've made my loss on M5 timeframes

Anyway,I don't like small timeframes,and for sure I'm not a scalper
I like H1-H4-Daily and i LOVE Weekly:)

Could you please post the screenshot of your last winning trades?

maybe I could learn a good lesson from you

and MOSTLY what Market Session do you prefer? London?NewYork?

thanx

any help is appreciated

[inemesit]

Helloooooooo no one is making money with this system anymore?
It is quiet in here

[Saruman]

Originally Posted by inemesit

Helloooooooo no one is making money with this system anymore?
It is quiet in here

Still trading this system.
Still making money overall, although the November result was negative.

I'll post some more details when I have the time.

Saruman

[swissforex]

Originally Posted by inemesit

Helloooooooo no one is making money with this system anymore?
It is quiet in here

Hi

I'm here
still educating myself

it would be good if some experienced Trader would post his entries for this System

I think this system is good,but NOT standing alone

keep in touch

[danatisgi]

Looking forward to trying out this system...

[fxsydney]

just wanna say this system is working, and i am using it on my real account.

thx ash

[Ralphey1972]

What kind of win ratio is being achieved? Anyone?

[Forex37]

Originally Posted by Saruman

Still trading this system.
Still making money overall, although the November result was negative.

I'll post some more details when I have the time.

Saruman

Hi Saruman,
You used to trade 4hr preferrably. Are there any differences between the different 4hr-cycles, i.e. candle start at NY (ldn) opening - vs- starting 1 hr after NY (Ldn) opening - vs starting 1 hr before .............. ? How do you decide WHICH cycle to use - or use just the one your broker offers? And how do you handle NEWS?

Thanks

Forex37

[Saruman]

Originally Posted by Forex37

Hi Saruman,
You used to trade 4hr preferrably. Are there any differences between the different 4hr-cycles, i.e. candle start at NY (ldn) opening - vs- starting 1 hr after NY (Ldn) opening - vs starting 1 hr before .............. ? How do you decide WHICH cycle to use - or use just the one your broker offers? And how do you handle NEWS?

Thanks

Forex37

Hi Forex37,

I have switched to a trading strategy on Daily candlesticks, and it works fine for me, but you have to be VERY patient, which most traders aren't. :mad:

Anyway, if you'd like to trade the Super simple system, i think it also works very nice, and it works on ANY time scale.

When you let the 4 hr. candles start, is not so important.
Different settings will lead to different signals, but after a longer period of time, I think it will lead to the same overall results.
So I'd suggest you use the candlesticks that are the same as the time you are actually living in. So that 16h00 on your chart = 16h00 at home. It's the easiest way to do this.

How do I handle the news?
I don't trade the news.
It is very risky and it is almost gambling.
Of course, some news can move the market big time.
That's why you need to trade with a small leverage.
Small leverage is the key to survive, along with patience and discipline.
And if you think that today the market will get stirred up too much by the upcoming news (e.g. the first friday of the month), you can decide to stay out, and wait for the next day.

Saruman

[chinybells]

i am trying to learn how this whole system works.
when will i start getting signals?

[Egwig]

Originally Posted by chinybells

i am trying to learn how this whole system works.
when will i start getting signals?

The system uses standard MetaTrader indicators.

There are no signals.

Read the first post in this thread then just follow the rules.:)

Egwig:cool::cool:

[Forex37]

Hi all,

I trade this system according to the original rules plus checking S/R and sweet points at potential entry.

The results with cable and EUR/USD have been terrific, but unfortunately its only 30 pips per trade. Trades are less than 1 per day, as entry is only after xover - which is rare with longer trends.

So I wonder if anybody ever tried to replace that 30 pips TP with a trailing stop.

Regards

Forex37

[Egwig]

Originally Posted by Forex37

Hi all,

I trade this system according to the original rules plus checking S/R and sweet points at potential entry.

The results with cable and EUR/USD have been terrific, but unfortunately its only 30 pips per trade. Trades are less than 1 per day, as entry is only after xover - which is rare with longer trends.

So I wonder if anybody ever tried to replace that 30 pips TP with a trailing stop.Forex37

It is possible to get some good results using trade management software.

There are several available that use breakevens, trailstops and takeprofit at multi levels.

Worth a thought:p

Egwig:cool::cool:

Regards

[nora112]

thank you for sharing this simple system, i am new to Fx, hope i will have some winning trades :)

[TheGamer]

Thanks. im a newbie & just started practice 2 months back. i played demo for 15 days & after that started practicing with 200$ a/c. So far i lost approx 350$ & now im regaining too.

This site is very helpful for freshers like me. i'll try to learn as much possible from here.