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Hi I am newby to scripting and want to see if anyone is willing to be my mentor to teach me write an EA according Bunny Girl systems. See the enclosed file
Bunny Girl System
B ASIC C ONSIDERATIONS
Suggested Currencies
· EUR/USD
· GBP/USD
· USD/CHF
· EUR/JPY
Recommended Trading Sessions :
. European
· US
· Avoid no touch days
· Daily open is 00:00 GMT
Primary Charts
· 30m for crosses
· 5m for scalping and exiting
· Daily for longer term trends
T HE B ASIC C ROSS
Chart Setup
· 30 minute, candlestick
· WMA 5
· WMA 20
· WMA 100
· RSI
Go Long
· WMA5 Crosses above WMA20
· WMA5 and WMA20 above WMA100
· RSI signals divergence or is above 50
Go Short
· WMA5 Crosses below WMA20
Basic Cross 1
Basic Cross 2
· WMA5 and WMA20 below WMA100
· RSI signals divergence or is below 50
Filters
· Use a filter to eliminate frequent stops and catch the trend at the right time
· EURUSD: 25 points plus the bid/ask spread
· Other recommended pairs: 30 points plus the bid/ask spread
· These filters can and do change
· Cancel the trade if the filter price has not been reached before 5 minutes remaining on
the 30 minute bar.
· Filters on other pairs can be determined (see "Advanced Topics")
Orders
· If bull cross, place a buy stop order at the filter+spread.
· If a bear cross, place a sell stop order at the filter+spread.
· When the filter price is reached and the order engaged,
place a stop loss at about the original crossing. (Can go
as much as pips away on the other side of the crossing.)
Stop Loss
· 5 pips beyond the cross (or bounce) price (a806)
Trading Around Daily Open (a766)
· Daily Open = open price at 00:00 GMT (a334, a378, a766)
· Make sure there is room enough for profit targets between
filter (entry) price and daily open
· If the cross is on one side of the daily open and the filter is
on the other, than this is OK to trade.
Additionally, the best signal to receive is when multiple pairs are
crossing at the same time.
Figures
Basic Cross 1
shows a normal initial cross. The crossing occurs at point A. The filter is at pointB. While the price is heading toward the WMA 100, the filter would likely catch any bounces. A
trader would exercise caution until the price is beyond the WMA 100.
Basic Cross 2
shows the result, in which the price ran for nearly 200 more pips after the filter.C AUTION
Never trade these scenarios:
· Do not enter a trade if heading into the WMA 100. If WMA 100 is <10 pips away from
the WMA 5 and/or WMA 20, do not place a trade toward the WMA 100.
· Do not trade news reports with the BGX
· Do not enter a trade if the price filter was reached in the last 5 minutes of the bar.
Be cautious in these scenarios:
· When trading toward WMA 100, always be careful of a bounce. It's best to trade
toward the WMA 100 if there are enough pips before WMA 100 to capture your profit
target. For instance, if your first profit target is 15 pips, then the WMA 100 must be at
least 15 pips away from your filter (entry) price.
· When trading toward the daily open, always be careful of a bounce.
· When the price spikes past the WMA 20, but does not cause a crossing (Baruch bar).
· When strong support/resistance is nearby.
· The chart looks like a squashed centipede (e.g. lots of ranging).
· When multiple crosses for the day have already occurred.
Be aggressive when:
· Multiple pairs have crossing signals at the same time. It's OK to take all the pairs. This
is a strong crossing signal. (a233)
· When there is a "3 in a bed" look for a strong breakout. "3 in a bed" occurs when the
WMA 100, WMA 20, and WMA 5 are all within a few pips of each other. The price will
range until there is a breakout.
Greeting
Badbud