Basic Balanced System (Expert Advisor included)

[Oshaban]

sir,I downloaded the BBS_SMA_filter.mq4 but can't open it or use it.how use it?is it a program which should be installed or what?please,let me know about it.Thank you

You should use Expert Advisors on MetaTrader 4 platforms. Just Google for MT4 brokers and download their MT4 platform, then an other Google for "Expert Advisors" and how to use them. You will find a plenty of easy instructions about how to do that.

[Oshaban]

sir,I downloaded the BBS_SMA_filter.mq4 but can't open it or use it.how use it?is it a program which should be installed or what?please,let me know about it.Thank you

I had no problem.

You have to have Metatrader 4 installed of course.
Copy the mq4 file to "expert" directory of Metatrader.
Copy the tpl file to "template" directory of Metatrader.
When you open Metatrader you should find the BBS_SMA_filter under Expert Advisors and BBS_SMA_filter under Templates. Load the BBS_SMA_filter template and make sure timeframe is H4. Then you may run at Stategy test on EURUSD. That mean loading the template for EURUSD if not done. I have a 5 digits broker, but SL and TP works a normal with 5 digits too.

Oshaban has done a good job about programming. Very professional and easy to read code.
To be able to make all types of modifications you have to learn MQL. BBS is so good it i worth it for the sake of taking full advantage this robot.

For the first time a robot has been posted on FSR forum that has the potential of being consistent profitable by only using indicators, though Oshaban may not realize it yet. That is a sensation. God bless Oshaban. BBS is milestone development on FSR.

regards kjell

Oh, I didn't notice that you already replied.
Thank you very much Kjell. I really like the team work.

Kjell, I'm new registered at FSR, but old reader for the strategies here. In fact, I programmed this system 2 years ago. At that time, I don't know anything about the forum, it is may be new. I'm not sure. Few weeks ago, I have been browsing FSR as usual then I realised that there is a forum, so, at once, I told myself that I owed to FSR to publish the system here specially I already doing forex managed accounts usinge this system, so, I have to give the idea for more than free (if this is possible ) to all the FSR community.

You said: "For the first time a robot has been posted on FSR forum that has the potential of being consistent profitable by only using indicators, though Oshaban may not realize it yet. That is a sensation. God bless Oshaban. BBS is milestone development on FSR.".

Yes, I didn't realised that. I'm proud of this and this will give me more strength to work on this topic.

Thanks again,
O. Shaban

[Oshaban]

Results for less than 2 days trading of a freind of mine his name is Khalid at arabictrader.com forum.

Notice that, too many opened lots because of the brokers high leverage and as much as the equity was in profit, the avaliable margin was growing so, it was a chance to open more trades.

Happy pips
O. Shaban

[Onyebuchim]

Results for less than 2 days trading of a freind of mine his name is Khalid at arabictrader.com forum.

Notice that, too many opened lots because of the brokers high leverage and as much as the equity was in profit, the avaliable margin was growing so, it was a chance to open more trades.

Happy pips
O. Shaban

KhalidArabicTrader.gif

I'm not suprised with the result. Its a fantastic one. Thats the potentials of a good moving average system complemented with your EA which makes the work simple.

The Account size was a factor that led to the huge profits in your friends trade. What i love about a good Moving Average strategy is that you're sure of making 7 or 8 good trades out of ten trades and with good leverage and account size, an account can double its size in less than a day.

[Raggy]

Hi all,

I'm so sorry that I did a big mistake about uploading the wrong version of the EA,

I received some emails asking me about many orders opened and closed within few seconds. That never happened with me.

Later I realised that I uploaded the wrong version. So, please re-download the the attached EA and template as well.

SMA filter is changed to SMA20, it gives more chances and earlier entry point.

The image is a screen shot from my screen, I noticed a big difference between SMA100 and SMA20 filters.

BBS_SMA_filter.mq4

bbs_sma_filter.tpl

Live_trade_19_7_2000_1.GIF

Please write your positive or negative comments about this system / EA ... The system is still under improvement, It is too profitable, but better improvement means more and more profit

Sincerely yours,
O. Shaban

Hello Shaban,

I downloaded this yesterday when the market was opening, and till now there has been no trade, did I do anything wrong? But I see a "smiley" next to the BBS_SMA_filter at the right upper corner. I already checked the option "Allow Live Trading." Bytheway, what TP do you and settings do you use?

[Raggy]

Ugh...Sorry I just re-read the thread. I'll try again now.

[gogoprovost]

Hello Oshaban and everyone,

The results of this system are nothing short of extraordinary. However I'm still not sure about some points.

- What version is the best? I think you said the first one, is it BBS_SMA_FILTER that you posted on the first page?

- Once I have put the EA on a chart and I've put the timeframe value to 0, will it take trades automatically or does it only alert me?

- Does the EA take trade only on the EMA cross or does it evaluate the Stochastics and the RSI before it give a valid signal?

- Where is the RSI? It's number appears on the upper left corner but i don't see it's graphic and it does not appear in the indicator list.

- I've put it on 12 charts and the arrows only appear on USD/JPY and EUR/USD... Why is that?


Sorry for all the questions but I really want to understand and hopefully have half the results you have. Thanks for your help

[Onyebuchim]

Hello Oshaban and everyone,

The results of this system are nothing short of extraordinary. However I'm still not sure about some points.

- What version is the best? I think you said the first one, is it BBS_SMA_FILTER that you posted on the first page?

- Once I have put the EA on a chart and I've put the timeframe value to 0, will it take trades automatically or does it only alert me?

- Does the EA take trade only on the EMA cross or does it evaluate the Stochastics and the RSI before it give a valid signal?

- Where is the RSI? It's number appears on the upper left corner but i don't see it's graphic and it does not appear in the indicator list.

- I've put it on 12 charts and the arrows only appear on USD/JPY and EUR/USD... Why is that?


Sorry for all the questions but I really want to understand and hopefully have half the results you have. Thanks for your help

Hi,

Very Very Good Question. Well for me as a user i've found the first EA as the best although i've not tested the second EA. Going by the logic of the design as said by Oshaban, the First EA allows more trade with a Filter but u have to study the market for an entry before allowing the EA to take a trade (Complex). The second version enables you to set the EA and allow it watch the market for an entry without your intervention but less trades and lesser profits.

The First Version would not trade automatically unless you activate the "Allow Live Trading Option" in the settings. It does not give an alert but i think Oshaban should think of that to enable users permit a trade or not should in case a user forgets to turn off the EA after trading.

- Does the EA take trade only on the EMA cross or does it evaluate the Stochastics and the RSI before it give a valid signal? Oshaban needs to clear on this or if you're good in MQL programming, you might need to read the code.

Where is the RSI? It's number appears on the upper left corner but i don't see it's graphic and it does not appear in the indicator list Yes the RSI is at the upper corner and i think its a welcome idea since the index or value is what we need for a decision. Moreover the chart has lots of space since the indicator graphic is not plotted in the chart. Its neater and simpler that way. But plotting the RSI into the chart would not affect the trade or chart anyway

I've put it on 12 charts and the arrows only appear on USD/JPY and EUR/USD... Why is that? What arrows? do you mean the smileys

These are my views as a user of the system. Oshaban would be in the best position to explain better.

[gogoprovost]

Thanks for the quick reply

By arrows I mean the same arrows that are shown in the first post of this tread.

I know nothing of the MQL programming, sorry.

So that's not a fully automatuic EA, it just send alerts when all the condiditons are met, but if you've said yes to allow live trading, it will take a position without your confirmation. Am I right?

[litxus82]

Hi Osama,

I looked at your thread and EA looks interesting. Can you explain your full strategy for this EA, does it use just 2 EMAs? In short if I understand all I have to do is to check visually if EMAs are pointing up and have fairly good angle and separation on 4H charts few hours after London open, and if looks good then "allow live trading" and EA will trade? Another question is this just simple EMA cross when why not use a trade manager EA and enter manually as it will be same thing, or does EA check more conditions to enter a trade? Does EA set stops and targets by itself or it has to be done manually? Does EA have a trailing stop and break even point at which trades are moved to break even once in profit? Does EA have % risk input per trade or is it all have to be done manually?