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Mister ED's 4 hour Heikin Ashi system

  • #641
  • Aug 14, 2009 3:23pm Aug 14, 2009 3:23pm
Quoting dfxclub
Hi LB

I dont think its the settings (below are the settings I am using)

Lots : 0.1
EA period: 6
Trade all days
Exit method 2
Partial close 50
Money mng method 1
trade risk 2
SL ATR() * ATR multiplier

---------------------------

Can I make a recommendation... Im not a programmer so I dont know if its possible or not...

How about if the EA opens 2 positions according to account risk and one has fixed TP level of ATR (ie stop loss level) and the second trails or the trade manually trails. That way we wouldnt have to worry about any platform...
Hi dfxclub,

I am not sure where you are stuck. Do you have the same issue as why the EA did not take TP1 & start trailing stop?
If this was the case do you think the post 638 & 640 would explain why?

I just want to know exactly whats wrong before putting effort to fix it...

Re the 2 market orders: yes it is viable though the per tick TP1 check would bypass this topic. What is broker specific is the 2-step entry and the lot size roundings so the 2 market orders would not actually remove broker specific things as far as I can see.

longbar
  • #642
  • Aug 14, 2009 5:47pm Aug 14, 2009 5:47pm
LongBar,

I have attached the file for the news indicator.

Thanks,
Alsea
Attached File(s)
File Type: mq4 THV3 FFCal.mq4   47 KB | 313 downloads
  • #643
  • Aug 14, 2009 6:38pm Aug 14, 2009 6:38pm
Maybe my settings are wrong. Mine seems to be getting in to the trade to soon or stopping out to quick. I don't know where I'm going wrong.

Quoting Mister ED
Hi Bils
I think you have summed up the system quite accurately. It is not meant to be the best system ever invented and it will not grab every pip out there. However it should be straightforward to impliment. Some trades take a while and it requires some patience and guts.

Lst week was very bad. But that is often the way in the first trading week of the month, and is made worse by the low volumes in August. However things appear to be moving now and we are making up the lost pips.

I am not live this week as I am moving house but today would...
Gator - Trader Learning and Earning
  • #644
  • Aug 14, 2009 10:20pm Aug 14, 2009 10:20pm
Quoting LongBar
Thanks for the feedback FXwest.

The screenshots suggest me that the TP1 has not been hit so far at a new bar open time. Therefore there was no partial closure performed nor follow up trailing happened. Note that the EA checks for TP1 at new candle only, the trailing stop is applied once the TP1 was hit.

The EURJPY has reached TP1 during the open candle, the GBPJPY pair is very close to reach TP1 so the next candle may actually trigger the partial closure and kick off the trailing stop after that. I am curious to see what happens so please keep...
Hi LongBar,

Here are the 3 trades that are still open in my platform, all are sell order.

Gbpjpy TP1 was closed at 156.77 and the trailing SL is now at 157.94, which is the at the low of the last HA signal bar.
The eurjpy TP1 has also closed at 134.88 and the trailing SL is at 136.00.
Audjpy TP1 closed at 78.94 and trailing SL is at 80.09

Your EA seems to be working fine so far for me. Excellent!

Thanks for your good work.
Lau
  • #645
  • Aug 15, 2009 1:28am Aug 15, 2009 1:28am
Quoting FXwest
Hi LongBar

Nothing was triggered, I exited one at manually and the other is still going.

Thanks for the good work at this, as this is a Very good system!

FXWest
FXwest,

I spent some time to reconstruct your situation with the EJ and GJ pairs. I created FXCM demo account and did back testing of the v0.11.2 EA for the last 1-2 days with your settings to see what happens. This is what I got - see the attached pictures for overview.

Both pairs triggered trades at the same point you had, with the same SL used - good start

The GBPJPY pair did not reach TP1 before the weekend so the EA did nothing to that position - this is the expected behaviour and keep in mind the EA checks for TP1 at new bar open time only. The ticket details are:
Open time: Aug 13, 20:00
Open price: 157.44
SL: 158.73
TP1: 156.15

All the bar open prices so far were above the 156.15 mark and this is what the EA checks for, so I see no problem (I mean EA bug) here.

The EURJPY pair however did reach the TP1 during the back test and the EA executed partial close and implemented trailing stop at 16:00, see blue lines:

06:07:20 2009.08.14 16:00 MisterED_v0.12.0 EURJPY,H4: TRACE: ManageExit - invoked at 2009.08.14 16:00
06:07:20 2009.08.14 16:00 MisterED_v0.12.0 EURJPY,H4: #1 2009.08.14 00:00 sell 0.20 EURJPY 136.162 137.148 0.000 134.601 0.00 0.00 329.25 137.148 MisterED 20090722
06:07:20 2009.08.14 16:00 MisterED_v0.12.0 EURJPY,H4: DEBUG: ManageExit - TP1 achieved (0.98600000,1.56100000) new SL: 136.04300000 at bid: 134.54700000
06:07:20 2009.08.14 16:00 MisterED_v0.12.0 EURJPY,H4: close #1 sell 0.10 EURJPY at 136.162 sl: 137.148 at price 134.601
06:07:20 2009.08.14 16:00 MisterED_v0.12.0 EURJPY,H4: INFO: ManageExit - partial profit taken of ticket 1
06:07:20 2009.08.14 16:00 MisterED_v0.12.0 EURJPY,H4: TRACE: ManageExit - invoked at 2009.08.14 16:00
06:07:20 2009.08.14 16:00 MisterED_v0.12.0 EURJPY,H4: #2 2009.08.14 00:00 sell 0.10 EURJPY 136.162 137.148 0.000 134.600 0.00 0.00 164.73 split from #1 20090722
06:07:20 2009.08.14 16:00 MisterED_v0.12.0 EURJPY,H4: DEBUG: ManageExit - trailing new SL: 136.04300000 at bid: 134.54600000
06:07:20 2009.08.14 16:00 MisterED_v0.12.0 EURJPY,H4: modify #2 sell 0.10 EURJPY at 136.162 sl: 136.043 tp: 0.000 ok

In this pair case I assume I got different results from your forward testing so I definitelly would like to understand the "why". Well, the backtest results maybe sligthly different from real feed experience so please double check your experts log messages for the above period to see what happened on your MT platform. I would appreciate if you could post those lines (around 16:00 mark) from your experts log file.

Have a good weekend!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy-fxcm-backtest.gif Size: 57 KB
Click to Enlarge Name: eurjpy-fxcm-backtest.gif Size: 56 KB
  • #646
  • Aug 15, 2009 4:46am Aug 15, 2009 4:46am
To all Mr Ed s specialists ,

When stopped out in a trade say long , are the rules to reenter on the next bar if say blue ( long ) or wait for opposite signal short ( red bar ) ?

Thanks to all of you for your support and good trading with a very good system !

zaba1
  • #647
  • Aug 15, 2009 7:30am Aug 15, 2009 7:30am
Hello all
i want to say that Mr ED strategy is a wining one based on the experience i have had so far with the system.
it has reduced my the number of loses while increasing the win rate.(most important)
however i have the following challenges which i require help or suggestion(s)

1) after TP1 is triggered, do you allow the remaining half to trail until it is stopped out by the Trailing stop loss?

2) i am currently using Mr ED strategy on Alpari Uk on a 4hr chat.
i want to also use it on marketiva streammaster platform, but since the indicators can not be loaded into marketiva platform, i am searching for MT4 platform that uses the same time as marketiva so that i can analyse from the mt4 and enter the trade on marketiva platform.
please any comment or help will very much be appreciated.
thanks
it is better to miss than to loss pips
  • #648
  • Aug 15, 2009 7:33am Aug 15, 2009 7:33am
I have tried installing the EA ver 12 on fxcm mt4 and tried a back test but did not produce any results and the journal says as below

2009.08.15 06:00:37 2009.07.01 16:02 Cannot open file 'Crogram FilesFXCM MT4 powered by BTexpertsindicatorsHeiken_Ashi_Smoothed.ex4' on the GBPJPY,H4
2009.08.15 06:00:37 2009.07.01 16:02 MisterED_v0[1][1].12.0 GBPJPY,H4: WARNING: GetHAValues - HAS returned zero values

Need someone to let me know what is wrong and whether any time settings are reqd for fxcm.

thanks for the help

Balaji
  • #649
  • Aug 15, 2009 8:09am Aug 15, 2009 8:09am
Quoting Alsea
LongBar,

I have attached the file for the news indicator.

Thanks,
Alsea
Longbar,
Attached is the updated version of the indicator. You will also find this on the THV ea thread. Please use the updated version. Excellent idea Alsea. I NEVER trade an ea on any on my live accounts without a news filter. NEVER.

Thanks to you and Mr Ed for sharing your hard work.

Cheers.
Watube
Attached File(s)
File Type: mq4 THV3 FFCal.mq4   47 KB | 667 downloads
  • #650
  • Aug 15, 2009 2:02pm Aug 15, 2009 2:02pm
Quoting LongBar
FXwest,

I spent some time to reconstruct your situation with the EJ and GJ pairs. I created FXCM demo account and did back testing of the v0.11.2 EA for the last 1-2 days with your settings to see what happens. This is what I got - see the attached pictures for overview.

Both pairs triggered trades at the same point you had, with the same SL used - good start

The GBPJPY pair did not reach TP1 before the weekend so the EA did nothing to that position - this is the expected behaviour and keep in mind the EA checks for TP1 at new bar open time...

Hi LongBar

I went thru the logs and compared it to the trade history and the EJ did indeed make the trade at the time the EA required it to and I did not notice it as there were other trades open. What I did not realize is that it is looking for the new data only at the open of the new bar. so It seems as if it is correct. Thank you for helping me to understand it. and thank for your research to see it better.

Also, is the default setting on V12 set to trade at all times?

Great work to both you and Mr Ed!

FXWest
  • #651
  • Aug 15, 2009 3:42pm Aug 15, 2009 3:42pm
Quoting gator-trader
Maybe my settings are wrong. Mine seems to be getting in to the trade to soon or stopping out to quick. I don't know where I'm going wrong.
Hi gator-trader, could you post a screenshot of the chart the EA is running on?
  • #652
  • Aug 15, 2009 3:43pm Aug 15, 2009 3:43pm
Quoting 8800
Hi LongBar,

Here are the 3 trades that are still open in my platform, all are sell order.

Gbpjpy TP1 was closed at 156.77 and the trailing SL is now at 157.94, which is the at the low of the last HA signal bar.
The eurjpy TP1 has also closed at 134.88 and the trailing SL is at 136.00.
Audjpy TP1 closed at 78.94 and trailing SL is at 80.09

Your EA seems to be working fine so far for me. Excellent!

Thanks for your good work.
Lau
Am glad to hear that! Thx for the feedback
  • #653
  • Aug 15, 2009 3:48pm Aug 15, 2009 3:48pm
Quoting balajis
I have tried installing the EA ver 12 on fxcm mt4 and tried a back test but did not produce any results and the journal says as below

2009.08.15 06:00:37 2009.07.01 16:02 Cannot open file 'Crogram FilesFXCM MT4 powered by BTexpertsindicatorsHeiken_Ashi_Smoothed.ex4' on the GBPJPY,H4
2009.08.15 06:00:37 2009.07.01 16:02 MisterED_v0[1][1].12.0 GBPJPY,H4: WARNING: GetHAValues - HAS returned zero values

Need someone to let me know what is wrong and whether any time settings are reqd for fxcm.

thanks for the help

Balaji
Hi Balaji,

From the very first post download the HA indicator and copy it to your <path to MT>/experts/indicators folder. Then restart your MT and check out your back testing again.

For FXCM do not forget to set TwoStepOrderSubmit to true!

Longbar
  • #654
  • Aug 15, 2009 3:52pm Aug 15, 2009 3:52pm
Quoting watube
Longbar,
Attached is the updated version of the indicator. You will also find this on the THV ea thread. Please use the updated version. Excellent idea Alsea. I NEVER trade an ea on any on my live accounts without a news filter. NEVER.

Thanks to you and Mr Ed for sharing your hard work.

Cheers.
Watube
Thanks to you and Alsea! Hope to get there soon or later though I am going to focus first on the per tick TP1 monitoring.

Cheers!
  • #655
  • Aug 15, 2009 4:00pm Aug 15, 2009 4:00pm
Quoting FXwest
Hi LongBar

I went thru the logs and compared it to the trade history and the EJ did indeed make the trade at the time the EA required it to and I did not notice it as there were other trades open. What I did not realize is that it is looking for the new data only at the open of the new bar. so It seems as if it is correct. Thank you for helping me to understand it. and thank for your research to see it better.

Also, is the default setting on V12 set to trade at all times?

Great work to both you and Mr Ed!

FXWest
Thanks FXwest for the confirmation, hope the trades will go on smooth.

Based on the comments I am going to extend the EA with the per tick TP1 monitoring.

Mister ED: do you think this would be a useful feature?


And yes, by default the v0.12 EA is set to trade 24/7 all the times.
  • #656
  • Aug 15, 2009 5:22pm Aug 15, 2009 5:22pm
Quoting Mister ED
Hi Pipquest

I would move the trailing stop up as soon as I had seen the TP1 triggered. I'mot sure if this is done on the EA but it is what I do manually.

Not such a good start to the month but that's the way it goes. It should improve next week as the NFP etc results will be out of the way. This was the same in June and things did much better as the month progressed.

All the best

Mister ED


Hi longbar I think the Quote above from Mr Ed answeres your Question. It can be found on page #37 Post # 550.

Thanks for all the hard work to create the EA for this great system !
  • #657
  • Aug 15, 2009 9:01pm Aug 15, 2009 9:01pm
Hi Lau,

Could you post a screen shot of your parameters. You are entering the trades as I would wish too but am not able to have partial close or TP settings.

Thanks

Doug
  • #658
  • Aug 15, 2009 10:19pm Aug 15, 2009 10:19pm
Longbar bro

Thanks a lot for your inputs. I did what u said and i guess it did not creat any errors on back testing for a week. Will test it longer period. I just need to know bro which time frame it works best and i intend to use it for gbpjpy pair. How is ur experience in live with this ea on an average per month.

Thanks in advance bro

Balaji

Quoting LongBar
Hi Balaji,

From the very first post download the HA indicator and copy it to your <path to MT>/experts/indicators folder. Then restart your MT and check out your back testing again.

For FXCM do not forget to set TwoStepOrderSubmit to true!

Longbar
  • #659
  • Aug 15, 2009 11:16pm Aug 15, 2009 11:16pm
Quoting backdoc
Hi Lau,

Could you post a screen shot of your parameters. You are entering the trades as I would wish too but am not able to have partial close or TP settings.

Thanks

Doug
Hi Doug,

My Parameter setting:

EAPeriod: 6,
TradeDay: Mon, Tue, Wed, Thu, Fri, Sat, Sun
TradeTime, 24 hours
ExitMethod: 1
PartialClosePct: 50
Money MgtMethod: 1
TradeRickAccPCT: 3.0

Hope this is what you are looking for.

Lau
  • #660
  • Edited 11:27pm Aug 15, 2009 11:16pm | Edited 11:27pm
Quoting LongBar
Hi dfxclub,

I am not sure where you are stuck. Do you have the same issue as why the EA did not take TP1 & start trailing stop?
If this was the case do you think the post 638 & 640 would explain why?

I just want to know exactly whats wrong before putting effort to fix it...

Re the 2 market orders: yes it is viable though the per tick TP1 check would bypass this topic. What is broker specific is the 2-step entry and the lot size roundings so the 2 market orders would not actually remove broker specific things as far as I can see.

LB I think posts 638 and 640 may explain why... because we have the same problem.

wait a minute.... does the TwoStep Order Submit need to be set to True??!! ahhh shit... mine was set at false, you reckon that was the problem??

cheers
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