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Attachments: Mister ED's 4 hour Heikin Ashi system
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Mister ED's 4 hour Heikin Ashi system

  • #661
  • Aug 16, 2009 2:42am Aug 16, 2009 2:42am
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
  • #662
  • Aug 16, 2009 9:13am Aug 16, 2009 9:13am
Quoting zaba1
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


Hi zaba1, When stopped out long on a blue Ha candle then that trade is over, and you would look for the next signal to be a completely red Ha candle and go short.
  • #663
  • Aug 16, 2009 10:06am Aug 16, 2009 10:06am
thanks pipquest !
  • #664
  • Aug 16, 2009 10:44am Aug 16, 2009 10:44am
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
Thank you very much for supplying this filter. What folder does it install to?
  • #665
  • Aug 16, 2009 11:04am Aug 16, 2009 11:04am
Quoting dfxclub
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
TwoStepOrderSubmit=true is required only for brokers with which SL/TP values cannot be submitted with a market order. ECN type brokers may require this like FXCM MT4 platform. For all other market maker type brokers where you can set SL/TP with a market order this parameters should be left false (default).
  • #666
  • Aug 16, 2009 12:58pm Aug 16, 2009 12:58pm
Bro long bar

The v12 has input time as every four hours how to change it to 24 hours just write 24 hours since the format is HH:MM:SEC or just says 00:00:00 - 24:00:00?

regards
Balaji

Quoting LongBar
TwoStepOrderSubmit=true is required only for brokers with wehich SL/TP values cannot be submitted with a market order. ECN type brokers may require this like FXCM MT4 platform. For all other market maker type brokers where you can set SL/TP with a market order this parameters should be left false (default).
  • #667
  • Aug 16, 2009 5:01pm Aug 16, 2009 5:01pm
Made changes to the EA to be able to monitor TP1 per tick as well as per new bar. See new parameter TP1CheckPoint. If you want to take partial profit as soon as TP1 is hit on-the-fly then set TP1CheckPoint to 1. After partial close the trailing will kick in immediately and then maintained with new bars on.

Added a new line to the chart status report showing the last checkpoint time for trading trigger and trailing SL evaluations/actions. Obviously the trailing checkpoint time is relevant only if trailing is configured and position is open on the account - otherwise just ignore it.

Please demo trade first as usual, I made a couple of weeks worth of (back) testing only...

Have a good trading week!

Longbar
Attached File(s)
File Type: mq4 MisterED_v0.13.0.mq4   35 KB | 494 downloads
  • #668
  • Aug 16, 2009 5:01pm Aug 16, 2009 5:01pm
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?


Yes LongBar. Could you do it perfect? Thank you very much indeed!!
  • #669
  • Aug 16, 2009 5:07pm Aug 16, 2009 5:07pm
Quoting balajis
Bro long bar

The v12 has input time as every four hours how to change it to 24 hours just write 24 hours since the format is HH:MM:SEC or just says 00:00:00 - 24:00:00?

regards
Balaji
Just list each time you want the EA to check trade for. If you want to run the EA on 1H period then set EAPeriod to 5 and enter the following in to the TradeTimeXXX parameters: 00:00,01:00,02:00,03:00,04:00,etc
  • #670
  • Aug 16, 2009 5:15pm Aug 16, 2009 5:15pm
Thank you!
  • #671
  • Aug 16, 2009 7:09pm Aug 16, 2009 7:09pm
LongBar

What does the following Message mean:

Warning: Status Report-Zero ATR Value(0) (MT:Code 4054 Desc: Incorrect
Series array using)

This is on a H1 Chart...

Lufkindog
  • #672
  • Aug 16, 2009 7:28pm Aug 16, 2009 7:28pm
Quoting LongBar
Made changes to the EA to be able to monitor TP1 per tick as well as per new bar. See new parameter TP1CheckPoint. If you want to take partial profit as soon as TP1 is hit on-the-fly then set TP1CheckPoint to 1. After partial close the trailing will kick in immediately and then maintained with new bars on.

Added a new line to the chart status report showing the last checkpoint time for trading trigger and trailing SL evaluations/actions. Obviously the trailing checkpoint time is relevant only if trailing is configured and position is open on the...

Hi Longbar,

Thank you for the new ability to close when TP1 is first hit.

Unfortunately, FXCM does not support partial order closes - except in DEMO mode only.
Live accounts can not do a partial close: it's close full position only. The only work around I can see for exit 2 trades is to initially open 2 positions that split the Risk%, close 1 at TP1 and set the 2nd position for the TSL.

Your help would be greatly appreciated since my testing shows the 3% Risk with exit 2 (.5 ATR + .5 TSL has bar) to be the most profitable strategy overall.

For now I'm trading exit 0 but it is clearly not as profitable as exit 2. Hope you can help!

Best regards,

JR
  • #673
  • Aug 16, 2009 8:51pm Aug 16, 2009 8:51pm
Version 12 seems to be doing great so far. But it seems the TP is closing the trade when it could be going a lot farther. What do I need to change to stay in the trade longer?
Gator - Trader Learning and Earning
  • #674
  • Aug 17, 2009 2:27am Aug 17, 2009 2:27am
This message is for Mr. Ed and LongBar:

I'm a fan of your strategy and EA. I would like to suggest to investigage the possibility to use the MA (14) with the settings of linear weighted and weighted close as an alternate TSL to the HA. The MA(14) seems to track closely to the body of the HA at the beginning of the trade and switches later closer to the wick.

I'm attaching a screen shot for your review. It would be great to test this TSL against the HA to see if this indicator would provide a better return.

LongBar, do you have any thought on this?

penguyen
Attached File(s)
File Type: pdf MA14.pdf   17 KB | 684 downloads
  • #675
  • Aug 17, 2009 3:11am Aug 17, 2009 3:11am
Quoting LongBar
TwoStepOrderSubmit=true is required only for brokers with which SL/TP values cannot be submitted with a market order. ECN type brokers may require this like FXCM MT4 platform. For all other market maker type brokers where you can set SL/TP with a market order this parameters should be left false (default).

ok gotcha
cheers
  • #676
  • Aug 17, 2009 9:58am Aug 17, 2009 9:58am
hi,

Great work on this EA. I can tell that you have put time into it.

I have back-tested it from 4/1/09 to 08/08/09 and the equity curve is declining from the initial balance. This is on v12.

I am testing this on IBFX with the EURUSD on a 4 hour timeframe. I didn't change any of the settings except for the last. I tried that as true/false on two different runs. Still not profibable.

Any tips?

Again, thanks for your work.

Cheers,

BeepBlip
  • #677
  • Aug 17, 2009 11:21am Aug 17, 2009 11:21am
I am sorry to ask this dumb question but I just don't know for sure...

On the retracement entries, are we supposed to draw the fibo from the top of the body to the bottom of the body or are we to draw fibo from top and bottom of wicks and tails?

In the past I have always just used the bodies with fibo but I am just not clear on this with your system.

Thank you,

Dan
  • #678
  • Aug 17, 2009 12:55pm Aug 17, 2009 12:55pm
Mr. Ed,

I understand that you don't want to introduce any other indicators in your trading system. However, I would like to ask and see if you have explore the option of using the Tilson T3 indicator to filter out potentially unprofitable trades and a criterion for retrace trade entry.

Since the Tilson T3 is not a moving average but is more like a trend fitting curve, the Tilson T3 conditions go something like this:
- Long trade: body of the signal candle has to be above the Tilson T3 line
- Short trade: body of the signal candle has to be below the Tilson T3 line

I think with the EA LongBar already developed, this option can be implemented for testing to see if this would provide better performance.

I would be more than happy to assist LongBar with the implementation of this indicator and testing.

penguyen
  • #679
  • Aug 17, 2009 3:13pm Aug 17, 2009 3:13pm
Quoting lufkindog
LongBar

What does the following Message mean:

Warning: Status Report-Zero ATR Value(0) (MT:Code 4054 Desc: Incorrect
Series array using)

This is on a H1 Chart...

Lufkindog
Hi Lufkindog,

If you got it once at the start-up then could be MT data problem. However if you get this regularly after start up then this would likely to be an EA problem. Do you get this message at start-up only or this is a regular message while the EA is running?

Longbar
  • #680
  • Aug 17, 2009 3:18pm Aug 17, 2009 3:18pm
Quoting JRpips8
Hi Longbar,

Thank you for the new ability to close when TP1 is first hit.

Unfortunately, FXCM does not support partial order closes - except in DEMO mode only.
Live accounts can not do a partial close: it's close full position only. The only work around I can see for exit 2 trades is to initially open 2 positions that split the Risk%, close 1 at TP1 and set the 2nd position for the TSL.

Your help would be greatly appreciated since my testing shows the 3% Risk with exit 2 (.5 ATR + .5 TSL has bar) to be the most profitable strategy overall....
Yeah, I was expected this to come up sooner or later

This is a good reason to alter the EA to create two tickets instead of 1 when partial take profit and trailing is used. I am just not sure which one is the most important for the next improvement: implementing the retracement trading trigger or this 2-ticket feature

LB
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