MoneyTec Traders Community Forum - View Single Post

bernie1968 · 30-12-2004, 15:51

Hey thanks all. I am with Forex.com they only charge 3pips for the EUR/USD 4pips for the USD/JPY. Right now these are the only two currencies I trade.

KPCurrency your charts almost looks like something I am using but on a larger time frame. I recently entered the following post on another thread but if any of you are using the Free StrategyBuilderFX the MoneyTec people maybe you could help me with the programming too?

I am so grateful to MoneyTec for providing such an awesome tool for us to use. Unfortunately I have absolutely NO CLUE on how to program the strategies I would like to test

Could I ask someone to help me out by programming the following strategy so I can backtest it see if I am on to anything?

Step1
I am using the hi-lo bs composed of:
hi-b = MA of the last 7 highs
lo-b = MA of the last 7 lows (this needs to be a modifiable field in case I want to change the period)

Step2
I am trading for starters ONLY the EUR/USD on a 30minute chart

Step3
When closing price is = or > hi-b then buy at open of next cle. Initial stop is the current value of lo-b.
Trailing stop at the close of each 30min cle is the new value of lo-b.

Step4
When closing price is = or < lo-b sell at open of next cle. Initial stop is the current value of hi-b. Trailing stop at the close of each 30min cle is the new value of the h-b.

Step5
The trade opens 2 lots (I an only trading mini lots = $1/pip). The first lot sets it target at 10 pips profit. The second lot has no target will keep the trailing stop until it is hit.

Step6
Eventually I would also like to add another indicator or two to filter out when is the best conditions to actually enter the trade. I was thinking about some type of overbought/oversold oscillator.

I know this may sound primitive to some of you since I have read your posts am just astounded at the amazing knowledge in this community.

But if somehow someone has the time can program this for me I would sssoooo appreciate it. I can imagine that such a strategy has much to be desired will probably go through waves waves of changes modifications before it is "just right" but I have to start somewhere.

Humbly with many thanks

Bernadette

30-12-2004, 15:51	#87
bernie1968 level 1 Join Date: Dec 2004 Posts: 22 Downloads: 0 Uploads: 0 Rep Power: 0	Thanks KPCurrency. Hey thanks all. I am with Forex.com they only charge 3pips for the EUR/USD 4pips for the USD/JPY. Right now these are the only two currencies I trade. KPCurrency your charts almost looks like something I am using but on a larger time frame. I recently entered the following post on another thread but if any of you are using the Free StrategyBuilderFX the MoneyTec people maybe you could help me with the programming too? I am so grateful to MoneyTec for providing such an awesome tool for us to use. Unfortunately I have absolutely NO CLUE on how to program the strategies I would like to test Could I ask someone to help me out by programming the following strategy so I can backtest it see if I am on to anything? Step1 I am using the hi-lo bs composed of: hi-b = MA of the last 7 highs lo-b = MA of the last 7 lows (this needs to be a modifiable field in case I want to change the period) Step2 I am trading for starters ONLY the EUR/USD on a 30minute chart Step3 When closing price is = or > hi-b then buy at open of next cle. Initial stop is the current value of lo-b. Trailing stop at the close of each 30min cle is the new value of lo-b. Step4 When closing price is = or < lo-b sell at open of next cle. Initial stop is the current value of hi-b. Trailing stop at the close of each 30min cle is the new value of the h-b. Step5 The trade opens 2 lots (I an only trading mini lots = $1/pip). The first lot sets it target at 10 pips profit. The second lot has no target will keep the trailing stop until it is hit. Step6 Eventually I would also like to add another indicator or two to filter out when is the best conditions to actually enter the trade. I was thinking about some type of overbought/oversold oscillator. I know this may sound primitive to some of you since I have read your posts am just astounded at the amazing knowledge in this community. But if somehow someone has the time can program this for me I would sssoooo appreciate it. I can imagine that such a strategy has much to be desired will probably go through waves waves of changes modifications before it is "just right" but I have to start somewhere. Humbly with many thanks Bernadette Last edited by bernie1968 : 30-12-2004 at 16:08.