Great technique for beginners...

[amni]

Thanks Akash for shareing your system.

I followed your system yesterday in a demo account and end up with 80 PIPS, trading AUD-USD and EUR-USD.

Just to make the system bit more solid I have taken RSI into account and results were good.

Can you clarify this , "Once price crosses the KS line, either up or down,"


dont you think it should be only upwards ?

[SRoberts_]

Fxquest,

How difficult was it to write the MT Expert ?

I'm thinking of writing one too, maybe you could give me a few pointers or better still (cheekily) I could help test yours !

I've had a quick dabble with the Meta Trader editor but the documentation seems a little thin, especially on function parameters values.

Incidentally I'm not a newbie programmer, I code visual studio .NET solutions all day long, so don't worry about getting too technical on me !

All the best,

Steve.
UK

[fxquest]

Hi Steve,

Writing an expert is really not that difficult. This one introduced a number of challenges but nothing too difficult.

Attached is the expert code.

Feedback and forward testing results will be appreciated!

I do not want to interrupt the discussion on this thread so if you (or anyone else) have further questions / suggestions / other feedback regarding this expert please PM or email them to me directly.

Also - please take the disclaimer seriously - this code was never tested on a live account so I DO NOT RECOMMEND using it and take no responsibility for anything - download and use at your own risk

Thanks,
fxquest

[meisalas]

fxquest, RE: expert (i'm a newbie)

Why is it that when i attach the expert to a 30min chart, my journal says that:
Expert 'KSRobot_1_2' is not a custom indicator and will be removed
And then the expert is removed. Is that normal? Have i done something wrong?
I extracted the zip file to expert/indicators/... is that correct?
THANKS a lot!

[SRoberts_]

You need to save it your the Experts folder, not Experts\Indicators...

[Akash]

Hi,
I'm posting up a chart here, which is from 6th to 9th of September. Below are the explanations for the trades taken. The currency used is USD/CHF.

Explanations:

• Short at 1.2369 (2 pips before KS line), I went short as soon as the second candle protruded the KS. Another reason to go short was the formation of railway tracks at 09.00 GMT. I waited to cover spread, because it was a slow moving market and it looked like it would retrace upward slightly. Easy 40 Pips here (I took only 30).
• Short at 1.2378 (value of KS line). I didn’t wait for a retrace here, because it was a fast moving market (the candles were quiet big), also there was a trendline break, so I was pretty sure about it. This trade closed break even, because I had set stops at break even after I was +10 pips. Sadly a great move missed.
• Short at 1.2413. I took this trade, because the MA had bent quiet nicely, plus a trendline was broken and then the KS line was protruded. This won’t qualify as a vertical KS line, I’ll give examples of that in my next post. 20 pips made.
• Short at 1.2414. This was a stupid move, guess I was just over confident about my system. It did pay me 20 pips, but after pulling the trigger, I realized that it was a mistake. Guess just newbie mental failure…hehe…
• I’ve just marked this, because it looks like a perfect trade, but didn’t trade it because it was out of the Long at 1.2428. This was a great trade, the distance between MA and KS line was perfect, the MA curled and price crossed the KS line. Easy 30 pips here.

As usual, all comments welcome, also wait here, more posts coming in a short while.

Rockin' Tradin'
-Akash

P.S. I just found out that trendlines make the trades safer to enter, something I'm going to do more research on.

[Akash]

Hi,
Here is a chart which shows what I mean by "don't take a trade when price in a ranging market hits a vertical KS line." One thing that I surely do look for is that if the vertical line is bigger than the price oscillation range, then don't enter.
Rockin' Tradin'
-Akash

[Akash]

Originally Posted by fxquest

Hi Steve,

Writing an expert is really not that difficult. This one introduced a number of challenges but nothing too difficult.

Attached is the expert code.

Feedback and forward testing results will be appreciated!

I do not want to interrupt the discussion on this thread so if you (or anyone else) have further questions / suggestions / other feedback regarding this expert please PM or email them to me directly.

Also - please take the disclaimer seriously - this code was never tested on a live account so I DO NOT RECOMMEND using it and take no responsibility for anything - download and use at your own risk

Thanks,
fxquest

Hi FXQuest,
Wooooooooooooooooohhhhh....this is good. I tried it with GBP/USD, it worked nicely, but then I tried it with GBP/JPY 4H, and the results were greattt. I think if you increase the stop loss and trailing stops, the profit can increase a lot. Try it out .
Rockin' Tradin'
-Akash