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- crapola replied Jan 4, 2008
Thanks Ronald. One thing.... if your exits are on opposite signal only, I found that there are several times (i.e. on a 400 pip profit) that signal will reach after quite a large drop which is why, I believe, TK recommended a 150 pip TS. Have you ...
- crapola replied Jan 4, 2008
What trailing stop, hard stop loss, and take profit are you all using for the 30 min and 1 hr time frames on the EA?
- crapola replied Dec 30, 2007
I used a data feed from ODL Securities for backtesting. Clearly the data is different. Here are mine: dec 5th 01:00 -.259 dec 5th 00:00 -.257 dec 4th 23:00 -.256 dec 4th 22:00 -.256 The only thing I can think of is the modeling quality of the data. ...
- crapola replied Dec 30, 2007
Ronald, the EA opened up a sell when it should have opened a buy. It did take into account the Bollinger Squeeze which should be cool to see.
- crapola replied Dec 29, 2007
When it crosses 190 and -190, yes. I don't put that kind of detail on the indicator though, just watching the swings mostly. All of these "signals" are at a closed bar, of course, as it could retrace very easily. I placed OsMA 12-26-9 for another ...
- crapola replied Dec 29, 2007
The rules I am using are listed below. I have backtested this method with good success for the past few months. Also, a 50 pip SL appears to stop out too many good trades on my 6 pip spread IBFX account, so I have increased it to 65. I can post some ...
- crapola replied Dec 27, 2007
I really hope this thread doesn't die. I want to continue learning from others on this system and how they are doing. I started trading live last week and have followed a method that filters divergence which appears to be the main issue here. ...
- crapola replied Dec 23, 2007
I put it on the 15m chart and left OSMA_period default at 60.
- crapola replied Dec 23, 2007
A few days ago there was a ranging period that gave quite a bit of false signals. I am testing out using an indicator that incorporates bollinger bands along with the CCI. Notice the attached chart has the period grayed out. This will allow us to ...
- crapola replied Dec 23, 2007
I think it should be: 1>2 2>=3 3<4 and 1<2 2<=3 3>4 In any case, I ran a back test and no trades opened on the 15 min chart. The original EA made plenty of trades, even though it wasn't based completely on tkimble's logic. Mark
- crapola replied Dec 18, 2007
I went long on gbpjpy about an hour ago, we'll have to see how it does. Right now it's down slightly. I'm curious how tkimble did at the start of this week.
- crapola replied Dec 18, 2007
Agree, london session was horrible. i got stopped out several times in a row. looking back over time, this was extremely rare to have this type of volatility. I have seen small ranges where OsMA reverses but the reversals are small pip amounts and ...
- crapola replied Dec 18, 2007
The EA does work and I had trades open on back testing --- everyone wiped out my account regardless of the settings. The issue is that it opens a trade as soon as one hits SL which is not a good idea. Also, it opens up a trade everytime metatrader ...
- crapola replied Dec 17, 2007
I'm really referring to when the color hasn't changed. If it stops out, and the color is still the same, it will open up an order at the next bar. In other words, there will always be a continuous trade opened up. Instead, if a trade gets stopped ...
- crapola replied Dec 17, 2007
Overall, it works very well! I used 150 pip TS and 65 pip SL in my testing. One problem though that would prevent me from using it live: "The orders will open up when the EA is initialized in the direction of the OSMA color." This causes the EA to ...
- crapola replied Dec 16, 2007
Smak74, Thanks for posting this! I have a couple questions. 1) Does the EA open on the first closed bar of a color change or as soon as color changes? 2) Are the trading times based on GMT, broker time or local time?
- crapola replied Dec 13, 2007
I have not experienced this, but I do get the one "false alert" when the bars cross through the zero mark as the color technically changes but in this process, we are only concerned with bars that change direction, i.e. light green to dark green.
- crapola replied Dec 11, 2007
Tradergeek, this has worked well for me, thanks for posting. One proposed change though... Can you have modify it so that it does NOT alert you when it cross zero at a change of color? This is an exception as it is not a change in direction but ...
- crapola replied Dec 11, 2007
Besides gbpjpy, what pairs are people finding profitable with this system? In particular, those folks that are in the US where London open is not easy to stay up for.
- crapola replied Nov 29, 2007
weeding out the pairs — From looking through the past month of charts with the OsMA, the following pairs seem to be the best fit for this system. Some of the pairs will royally screw you --- gbpaud and the chf pairs for example. gbpjpy (still ...