Forex trading strategy #8 (Teodosi's simple system)

This Forex system was sent us by Teodosi.

We are proud to have such users willing to share their thoughts,
ideas and systems so that others can learn and trade Forex even more successfully!

Thank you, Teodosi! Your contribution is greatly appreciated!


"Hello guys i`ve been using one very profitable system and i want to share
it with all of you. If anyone has any suggestion i`m open to hear something
new to add in it.

This is my system.

I use 1h chart on GBP/JPY with Stoch(5,3,3) and RSI(7). My idea is this ...

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is there another way to check other than candlesticks. I am not good with those.
can parabolic SR help?


With eToro you should use Stochastic oscillator indicator. It should perform fine.

Best regards,

Hi! I'm also new to the Forex and I'd like to know a few things. I'm using the eToro forex software (demo, practice mode) and I don't have this
Stoch as it was mentioned in the post. What i do have is "stochastic oscillator" and "stochastic momentum index". i think i should be using the first
one mentioned because when i select it, i have 3 fields to set, since we need 5,3,3 i think that might be it because the other one (momentum index) have 4 fields.

now, do you have any experience with eToro and if so, can i use it for this?


Days - Monday after 10am through Friday before 12am, taking breaks every evening after 8pm and till 4 am in the morning.


When are the best days and times to trade using this system's currency pairs??

Hi PNA, the ea TSV02.mq4., when i paste into the mt4 does not function, pls advice and tks for the good work n contribution, cheers


Firstly, I want to thank Edward for this special place. Secondly, I think this strategy has got some juice. Ask any professional trader they will say you need an edge to succeed. The edge you need is the knowledge of price action setups. If you search on you-tube you have a good set of 38 videos on it. Once when you learn the setups, you will find that you are still getting trades wrong, the reason for this is that the price action setups in right zone is important. Mr. Teodosi's indicators provide us with those right zones.

I'd plotted the indicators on the chart as been mentioned by Mr Teodosi. What I found was that it gets generated anytime. It can be midnight at some timezones too. So what does one do if one misses out the on time bus?

Is it possible for someone amongst the forums to build an alert program.

If(RSI>70, If(Stochastics>75, "Alert/mail", )

THis way we can ensure that least number of buses are missed out.

Rajat Verma.

Good job, nice results!
Congratulations, IrSJWoo, and thank you for the feedback.

In the meantime I tried to forward-test the TSV02.mq4 by PNA, but with no success till today :)
Finally I have the first order triggered. Here is the screenshot:

Teodosi system forward test GBPHPY 1h

I thought there was a problem with my platform or anything else, but I'm glad I can finally see that EA not only smiles :) back to me, but also trades.

So far, these are the results. Updates are coming.


Hi Edward,
How are you ? I was curious about the performance of this very simple yet clever tradingsystem. I've programmed the tradingrules into a java like programming language and backtested the resulting tradingsystem "ProRealTime" a sophisticated piece of software provided by my broker. I've tweaked the original system a bit, I use a preprogrammed profitstop of 290 pips and a preprogrammed stoploss of 80 pips. The screenshots shows the preformance of the tradingsystem.



I'll give it a shot in forward trading mode.
I think I'll start with 1 hour charts, to as many signals as possible in the short term.


Hi everyone,

And thank you for testing the EA. I made a small update (V0.2), and it checks now for a delayed candlestick pattern. Small update but I think that it provides now much better results. TSV02.mq4.

And if you feel like "disapointed", just expect to have better results with new releases :)

I've attached a screen capture of backtests results for GBP/JPY (2009/01 to 2009/09, Daily charts), and the results are quite impressive so far.

Teodosi simple system graph

I think that there are still a lot of optimizations to add though, especially regarding exit rules.

I'll be glad to provide a new version when I'll be back from my holidays.



the EA took no trades on 4 hour GBPJPY so far... I should have left it running on hourly chart instead... Might be also the case that I'm not keeping my PC running the whole time, while any robot requires round the clock trading.

I'm kind of puzzled, since I can't give you any feedback yet. I'll keep on running the expert. In backtesting it gave some results, but I'd rather see it trading forward.

Thank you once again and I'm hoping to be back with results next time :)


The system is not afraid of range bound markets at all.

Stochastic settings are 5, 3, 3.



The system is supposed to work with strong trend. I have two questions concerning this. How do you recognize the trend? Any indicators? And how does the system work if market goes sideways?


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