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Trend Finder Daily

  • #501
  • Jul 24, 2008 11:41am Jul 24, 2008 11:41am
Quoting eagle47
Trader8686

I placed the EA on all pairs. It took a trade a few minutes ago but only 1 position on AUD/CAD. Shouldn't it take 2 positions? Thanks for your help.
What time frame you attached your EA?
  • #502
  • Jul 24, 2008 11:41am Jul 24, 2008 11:41am
Quoting trader8686
Ron,

Are you around?

I just saw a pair opened (sell NZD/CHF) market time 18:15 07/24 ODL platform. I believe it is 4H chart.

Can you help me to find out what rule it based on to open this position?
I'm at my internship most of the day and thus do not have access to the Metatrader charts. Can you please post a screenshot of the trade entry area?
  • #503
  • Jul 24, 2008 11:50am Jul 24, 2008 11:50am
Hi Bull,

Are you now trading the Daily system with 2 lots, the first with a TP of 50 pips and the second with a TP of 100 pips? When do you plan to implement an extra lot to run without TP until the AO shows a reversal signal?

Are you actively trading your 4 Hour system as well? Will there be any modifications to this system in the future? I am actually trading the 4 Hour as well with TP of 50 and 100 pips with a good hit rate and some nice profit.

Many thanks for these two systems!!

Alkis
  • #504
  • Jul 24, 2008 11:50am Jul 24, 2008 11:50am
Quoting Ronald Raygun
I'm at my internship most of the day and thus do not have access to the Metatrader charts. Can you please post a screenshot of the trade entry area?
Can't do screenshot on mine.
The reason I am asking you not that I don't get it (I am a programmer, too.),
but because it is wired to have this pair opened. Oright, I will give it more time to test from now.
  • #505
  • Jul 24, 2008 1:10pm Jul 24, 2008 1:10pm
Trader, I have the EA on 4hr charts as I think you said you have. I was wondering if I need to do something on the inputs or maybe do a manual trade in conjunction w/ the EA trade? Thanks again for your help.
  • #506
  • Jul 24, 2008 1:12pm Jul 24, 2008 1:12pm
Quoting trader8686
Can't do screenshot on mine.
The reason I am asking you not that I don't get it (I am a programmer, too.),
but because it is wired to have this pair opened. Oright, I will give it more time to test from now.
You should be able to if you're using metatrader.

Just right click on the chart, then click on "Save as Picture"
  • #507
  • Edited 2:01pm Jul 24, 2008 1:18pm | Edited 2:01pm
Quoting Ronald Raygun
You should be able to if you're using metatrader.

Just right click on the chart, then click on "Save as Picture"
Oh, mine! Not a rocket science obeviously.

I have 4 pairs opened at mt4 at 20:00 market time (ODL) now, and I believe this is going to work.
For we are going to always have multiple pairs opened, as soon as we see some profit we harvest (close all). - my own strategy.
I used to write some EA and Script for myself, I had one: Close_All.(need to dig it out)
If you can harvest couple of times a day, nice enough.
Will give you picture, later on.
  • #508
  • Jul 24, 2008 2:59pm Jul 24, 2008 2:59pm
Ron,

This EA has to be fixed, first.

When you see the attached picture you will know, we still need to fix some bugs here. For the EA only picks up Current Indicator Bar to judge (with 200SMA).

According to Bull, it needs to be the bar has changed color to green/red.

Find each chart and place your cursor over the bar that the position has opened, you will know.
Attached Image (click to enlarge)
Click to Enlarge Name: 4htrendfinder200sma.gif Size: 81 KB
  • #509
  • Jul 24, 2008 3:09pm Jul 24, 2008 3:09pm
Quoting trader8686
Ron,

This EA has to be fixed, first.

When you see the attached picture you will know, we still need to fix some bugs here. For the EA only picks up Current Indicator Bar to judge (with 200SMA).

According to Bull, it needs to be the bar has changed color to green/red.

Find each chart and place your cursor over the bar that the position has opened, you will know.
Have a look at this post:

http://www.forexfactory.com/showpost...&postcount=333

The bars supposedly only need to be the proper color, as explained here:

Quoting Bull101
Hello,

The indicators do not need to change at the same time to be a valid entry.

Bull101
  • #510
  • Jul 24, 2008 3:33pm Jul 24, 2008 3:33pm
Quoting eagle47
Thanks bull, I also took -100 pip loss.

Bull101 Well, maybe + next time around. Many pips to you.
Yes, losses are never fun, but I have no worries that these pips will be regained in no time

Bull101
  • #511
  • Jul 24, 2008 3:35pm Jul 24, 2008 3:35pm
Quoting alkis
Hi Bull,

Are you now trading the Daily system with 2 lots, the first with a TP of 50 pips and the second with a TP of 100 pips? When do you plan to implement an extra lot to run without TP until the AO shows a reversal signal?

Are you actively trading your 4 Hour system as well? Will there be any modifications to this system in the future? I am actually trading the 4 Hour as well with TP of 50 and 100 pips with a good hit rate and some nice profit.

Many thanks for these two systems!!

Alkis
Hello,

That is correct. I am trading 2 lots, with set TP's of +50 and +100. I DO plan on implementing a 3rd lot when I believe the market has broken out of the short ranges it currently appears to be in. At that time, it would be a 3rd lot that we would let run until we see a reverse signal.

I am currently actively trading my 4hr system. My goal is to get everyone going well on the Daily System for a little while, then going back and starting to support and release 4hr signals as well.

Look out for 4hr signals in another month or so

Thanks,
Bull101
  • #512
  • Jul 24, 2008 3:36pm Jul 24, 2008 3:36pm
Quoting Ronald Raygun
Have a look at this post:

http://www.forexfactory.com/showpost...&postcount=333

The bars supposedly only need to be the proper color, as explained here:

This is correct. The indicators do not have to change on the same bar to be a valid entry. They both must BE the same color to be a valid entry, but they do not have to change on the same day.

However, I will only take a signal after the pair has shown a full reverse signal. (Not counting the SMA)

Thanks for your work Ronald

Bull101
  • #513
  • Jul 24, 2008 3:57pm Jul 24, 2008 3:57pm
Quoting Bull101
This is correct. The indicators do not have to change on the same bar to be a valid entry. They both must BE the same color to be a valid entry, but they do not have to change on the same day.

However, I will only take a signal after the pair has shown a full reverse signal. (Not counting the SMA)

Thanks for your work Ronald

Bull101
Bull,

Do you think a pair: 5 bars red (Sto) and 6-7 bars red (AO) and under 200SMA is still a valid trade for Sell now?

Or they better, just changed color to match and not too many old bars same color, yet?

Hope you can understand my question.
  • #514
  • Jul 24, 2008 4:03pm Jul 24, 2008 4:03pm
Quoting trader8686
Bull,

Do you think a pair: 5 bars red (Sto) and 6-7 bars red (AO) and under 200SMA is still a valid trade for Sell now?

Or they better, just changed color to match and not too many old bars same color, yet?

Hope you can understand my question.
It sounds like you're trying to prevent "stale" signals.

It makes sense. How do you suggest we prevent that?
  • #515
  • Jul 24, 2008 4:04pm Jul 24, 2008 4:04pm
Quoting Ronald Raygun
Have a look at this post:

http://www.forexfactory.com/showpost...&postcount=333

The bars supposedly only need to be the proper color, as explained here:
Yeh, let's discuss on the number of bars later?
Now, please look at the picture I attached: NZD/CHF, is that a bug?
(Not to find problem for you, just try to help )
Attached Image (click to enlarge)
Click to Enlarge Name: 4htrendfinder200sma.gif Size: 81 KB
  • #516
  • Jul 24, 2008 4:14pm Jul 24, 2008 4:14pm
Quoting trader8686
Yeh, let's discuss on the number of bars later?
Now, please look at the picture I attached: NZD/CHF, is that a bug?
(Not to find problem for you, just try to help )
If EachTickMode was set to true: not likely, the bar probably changed color after the trade was executed.
If EachTickMode was set to false: then the only thing that may cause that was chart switching.
  • #517
  • Jul 24, 2008 4:16pm Jul 24, 2008 4:16pm
Quoting trader8686
Bull,

Do you think a pair: 5 bars red (Sto) and 6-7 bars red (AO) and under 200SMA is still a valid trade for Sell now?

Or they better, just changed color to match and not too many old bars same color, yet?

Hope you can understand my question.
This would be much to late of an entry. You are only to enter on the day that the indicators align.

Lets say:

Day 1: AO turns Red, Stoch is Green.
Day 2: AO Remains Red, Stoch Remains Green.
Day 3: AO Remains Red, Stoch turns Red.

You would enter on Day 3. Anything past Day 3 would be to late of an entry.

Bul101
  • #518
  • Edited 7:45pm Jul 24, 2008 4:28pm | Edited 7:45pm
Quoting Ronald Raygun
It sounds like you're trying to prevent "stale" signals.

It makes sense. How do you suggest we prevent that?
Maybe you need to check the number of bars of (Sto & AO):

1. have been matched color (green/red), and
2. have been (positive/negative) ie (0+/0-). ====> May not need this one!

More checking is only giving more quality trades.

But think about it, all trades will give one profit number together, I only need to close all at once when I am good with the number. I don't need to care about each trade has to be a winning trade.

While you have enough positions opened, you just need to turn off the Expert Advisor from the top icon (green hat). I have Close_All script done, then hit Cntrl_V can close all trades in your good total profit number.

In this scenario, a trader can profit each day at least 1 - 2 times.

Let's give it a try!
  • #519
  • Jul 24, 2008 4:31pm Jul 24, 2008 4:31pm
Quoting Bull101
This would be much to late of an entry. You are only to enter on the day that the indicators align.

Lets say:

Day 1: AO turns Red, Stoch is Green.
Day 2: AO Remains Red, Stoch Remains Green.
Day 3: AO Remains Red, Stoch turns Red.

You would enter on Day 3. Anything past Day 3 would be to late of an entry.

Bul101

Right, and that's why I said that Ron needs to fix the EA bugs.
EA: TrendFinderDailySMAFILTER
  • #520
  • Jul 24, 2008 4:37pm Jul 24, 2008 4:37pm
Quoting Ronald Raygun
If EachTickMode was set to true: not likely, the bar probably changed color after the trade was executed.
If EachTickMode was set to false: then the only thing that may cause that was chart switching.
Ron,

I set it EachTickMode=false on both mt4 station, both opened this pair (NZDCHF). One mt4 never switched the chart.
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