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Mister ED's 4 hour Heikin Ashi system

  • #801
  • Sep 8, 2009 4:17pm Sep 8, 2009 4:17pm
Quoting vinesh
Longbar,
I have loaded the EA (latest ver.) but am not getting any trades.I've loaded it on 4hr.TF .
Any suggestions?

Thank you.

Vinesh

Vinesh, would you post a screenshot for a start please?
  • #802
  • Sep 8, 2009 4:23pm Sep 8, 2009 4:23pm
Quoting LongBar
Hi ForeverForex,

There is in inherent problem running the EA on low timeframes. As you (or someone else) recently pointed out the ATR value can be very low on 15M TF, just a few pips. This results in SL/TP being just a few pips away from the entry level. Most of the brokers however would not allow SL & TP to be within a few pips of the current price, there is a minimum distance, say from a few up to 10ish pips the SL & TP must be away from the current price to get the order through....

When these orders fail the EA will blindly try to correct...
Hi Longbar,

Forever Forex's suggestion for an option to set a minimum ATR pip value was #3 on my wish list in post 765 for the same reason. I wrote, "The low momentum in these instances would make me personally pass on the trade so I'd prefer setting a "minimum ATR pips required to trade" value."

While your solution to change the ATR multilier to 2 or 3 would work, it would require frequent adjustment as market conditions change, higher multiples in low range markets and lower multiples for trending/ wide range markets. I'm monitoring 18 pair and I doubt I could keep up and get the multiples right.

The "minimum ATR pips required to trade" option would be mostly a set and forget one, tailored to each pair.

As you pointed out, it's moot on H4 and higher tf, but the H1 and even M15 show promise if the "noise" trades are removed, something the "ATR pips required" option could help do.

Admittedly, it's for tf's other than Mr Ed's H4, so if it's a major rewrite, then I'd bump it down the list, but still...

Cheers,

JR
  • #803
  • Sep 8, 2009 4:34pm Sep 8, 2009 4:34pm
Quoting JRpips8
Longbar,

Below is a journal excerpt showing the opening of order 6908461 at 2009.09.07 23:01:09, a USDCHF sell, followed a couple minutes later by a failed [Trade timeout] message for a similar order but with no price values.

I'm on FXCM and the 2 step is enabled to allow the follow-up SL/TP order modifications.

There was no recorded attempt to write a SL for 6908461 but it appears it tried to open a duplicate order, albeit one without any price values, instead of modifying the open order with a SL.

The Trade and Account History entries...
Hi JR,

Hmm, it does look wierd. The 461 ticket was submitted at 1.0596 but then it timed out with the "opening at 0.00000" message. Keep in mind though that the time out does not necessary mean the order did not succeed - this is an MT nuance.

If you could dig out the corresponding messages from the Experts tab that would give insight from the EA viewpoint what order parameters where used for the submit. Also that would show what error (if any) the EA recognised during this submit.

If you still have that phantom order open then please check out its magic number: move the mouse over the ticket to make the yellow hint appear. The last part of that hint tells you the magic number. I would be very interested to see what that magic number value is... if that was missing or not matching with the EA parameter that would explain why the EA does not manage the ticket.

Longbar
  • #804
  • Sep 8, 2009 4:46pm Sep 8, 2009 4:46pm
Quoting JRpips8
Hi Longbar,

Forever Forex's suggestion for an option to set a minimum ATR pip value was #3 on my wish list in post 765 for the same reason. I wrote, "The low momentum in these instances would make me personally pass on the trade so I'd prefer setting a "minimum ATR pips required to trade" value."

While your solution to change the ATR multilier to 2 or 3 would work, it would require frequent adjustment as market conditions change, higher multiples in low range markets and lower multiples for trending/ wide range markets. I'm monitoring 18...
Ohhh, I missed the point earlier I am afraid
I though this minimum would be a value to adjust the SL would the ATR less than that.

But you actually talk about a trading filter: skip the trade if ATR is less than this value.

Makes sense now - will add to the new features list.

My way of thinking is that the current v0.17 EA implements all the strategy pieces Mister ED defined (right?). If no major problem comes up with it then I make the EA to version 1.0.0 and it becomes the starting point for all new features like this minimum ATR value filter.

LB
  • #805
  • Sep 8, 2009 4:51pm Sep 8, 2009 4:51pm
JR, I was the one to suggest a minimum ATR Value setting back on post #789. A simple parameter such as MinATR or MinimumATR as an input parameter I would think would be a very simple 'switch' type enhancement. If ATR is greater than MinATR then execute the remainder of the EA, else skip it and wait to check next HA candle. It might even make the EA run faster since it wouldn't need to execute cycles to evaluate the HA candle color change, etc. This would be a VERY nice enhancement making the EA more universal and dynamic/adaptive to changing market conditions.
  • #806
  • Sep 8, 2009 8:28pm Sep 8, 2009 8:28pm
Quoting LongBar
Mister ED described this in the document at the first post - see the 1st point of the standard entry on page 3:
1)...
Longbar: Have watched your incredible work on this EA. Very good for all of the members. I am new"bie" here and not experienced in dealing with code before it's converted to exe. file. Please direct me to the instructions for putting your v.17 into the MT4 platform. I have loaded many commercial EA's and just not one from code.

Regarding the above post dealing with wicks, I have been working for months on the Steinitz HAS MTF, did many hours of calc's, and observed when the decreasing candle bodies become mixed (candle one color and wick the oposite color) an approach could be to exclude the "doji". A simple but effective approach.

Also, at some time will the ATR and HAS be included into the EA?

Again, thank you so much for making this EA a reality.

Atlas1
  • #807
  • Sep 8, 2009 8:48pm Sep 8, 2009 8:48pm
Getting error
H4: ERROR: SubmitOrder - order submit failed (MT Code: 4051 Desc: invalid function parameter value)
Gator - Trader Learning and Earning
  • #808
  • Sep 8, 2009 8:55pm Sep 8, 2009 8:55pm
I discovered the Error. I had mm set top 5 because I thought it wanted to know what percent to trade. I set it to 1 for mm and used the correct field for the percent to trade and it started to work instantly.


Quoting gator-trader
Getting error
H4: ERROR: SubmitOrder - order submit failed (MT Code: 4051 Desc: invalid function parameter value)
Gator - Trader Learning and Earning
  • #809
  • Sep 8, 2009 11:57pm Sep 8, 2009 11:57pm
Quoting LongBar
Ohhh, I missed the point earlier I am afraid
I though this minimum would be a value to adjust the SL would the ATR less than that.

But you actually talk about a trading filter: skip the trade if ATR is less than this value.

Makes sense now - will add to the new features list.

My way of thinking is that the current v0.17 EA implements all the strategy pieces Mister ED defined (right?). If no major problem comes up with it then I make the EA to version 1.0.0 and it becomes the starting point for all new features like this minimum ATR...
Longbar,

I think you've got it all there in 0.17. I see nothing missing from Mr Ed's .doc and posts. I think it's ready for becomming version 1.0.0. You've done a great job of systematically implementing Mr Ed's method into the EA in a very short period of time. I won't even ask if you ever sleep.

Mr Ed could you review and note if anything of your method is missing in the v0.17?

JR
  • #810
  • Sep 9, 2009 11:51am Sep 9, 2009 11:51am
Quoting LongBar
Hi JR,

Hmm, it does look wierd. The 461 ticket was submitted at 1.0596 but then it timed out with the "opening at 0.00000" message. Keep in mind though that the time out does not necessary mean the order did not succeed - this is an MT nuance.

If you could dig out the corresponding messages from the Experts tab that would give insight from the EA viewpoint what order parameters where used for the submit. Also that would show what error (if any) the EA recognised during this submit.

If you still have that phantom order open then please check...

Hi Longbar,

I'd already manually closed the order when it retraced to the HAS body so I don't know the magic number when it was open. The MT report lists 20090906 which is the same as the one in the USDCHF chart EA Inputs.

Here's the excerpt from the Experts log:

23:01:08 MisterED_v0.17.0 USDCHF,H1: INFO: CheckTrigger - mixed colour 2nd HA bar, using 3rd HA bar for trigger evaluation (SELL,BUY)
23:01:08 MisterED_v0.17.0 USDCHF,H1: INFO: CheckTrigger - HA colour change found, potential SELL direction trade (SELL,3:BUY)
23:01:08 MisterED_v0.17.0 USDCHF,H1: INFO: CalculateLots - lots to risk (20517.43000000, 615.52290000, 84.94172054, 7.25000000, 7.24000000, 0.00000000)
23:01:08 MisterED_v0.17.0 USDCHF,H1: INFO: SubmitOrder - new SELL order at bid:1.05955000 , entry:1.05955000 SL:0.00000000 TP:0.00000000 Lot:7.24000000 exp:1970.01.01 00:00:00 ExitMethod:1
23:01:08 MisterED_v0.17.0 AUDUSD,H1: DEBUG: CheckPrereqs - Trade is not allowed, will try again at next incoming tick
23:01:08 MisterED_v0.17.0 GBPCHF,H1: DEBUG: CheckPrereqs - Trade is not allowed, will try again at next incoming tick
23:01:08 MisterED_v0.17.0 EURCHF,H1: DEBUG: CheckPrereqs - Trade is not allowed, will try again at next incoming tick
23:01:08 MisterED_v0.17.0 AUDJPY,H1: modify #6908461 sell 7.24 USDCHF at 1.060 sl: 0.000 tp: 0.000 ok
23:03:20 MisterED_v0.17.0 NZDUSD,H1: INFO: CheckTrigger - no colour change in HA direction, no trade triggered (SELL,2:SELL)
23:04:28 MisterED_v0.17.0 USDCHF,H1: ERROR: SubmitOrder - order submit failed (MT Code: 128 Desc: trade timeout)
23:04:28 MisterED_v0.17.0 USDCHF,H1: INFO: CheckTrigger - mixed colour 2nd HA bar, using 3rd HA bar for trigger evaluation (SELL,BUY)
23:04:28 MisterED_v0.17.0 USDCHF,H1: INFO: CheckTrigger - HA colour change found, potential SELL direction trade (SELL,3:BUY)
23:04:28 MisterED_v0.17.0 USDCHF,H1: WARNING: CloseOrders - ticket in line with current trigger, exiting close (6908461, 1)

Hope this helps.

JR
  • #811
  • Sep 9, 2009 11:58am Sep 9, 2009 11:58am
Hi, I just finished reading the thread for the first time. Special thanks to Mr. Ed for revealing the method and to Longbar and others for putting together the EA.

I am not interested in using the EA for automatic trading as I start to demo this, because I use Oanda (non MT4). However, it will be great for me to run on IBFX demo to save me time in setting up, calculations, etc.

I noticed that there had been an unusual string of losses recently and that Mr. Ed has not posted since 9/1. Just based on what I know of Mr. Ed from reading this thread, I am sure he is knee-deep in analysis.

Does anyone have any insights into what the market served up recently that made this method deviate slightly from it's historical performance?
Trading Foreign Exchange....But Only By The Grace of God!
  • #812
  • Sep 10, 2009 1:45pm Sep 10, 2009 1:45pm
Quoting Atlas1
Longbar:...
Hi Atlas1,

Instaling the EA in the form of source code or compiled is no difference, so as have done EA installation in the past this is easy for you. These are the steps:

 

  1. Download the EA, copy it to your <path to MT>/experts folder
  2. Download the HA indicator from the very first post, copy it to your <path to MT>/experts/indicators folder
  3. Restart/start up MT

The EA should be now listed in the Navigator window (Ctrl+N) at the Expert Advisors section. Similarly the HAS should be listed at the Custom Inidicators section.

Once the installation is done just open a chart and attach the EA to the chart - that's it.

Enjoy!

Longbar

  • #813
  • Sep 10, 2009 2:02pm Sep 10, 2009 2:02pm
Quoting JRpips8
Hi Longbar,

I'd already manually closed the order when it retraced to the HAS body so I don't know the magic number when it was open. The MT report lists 20090906 which is the same as the one in the USDCHF chart EA Inputs.

Here's the excerpt from the Experts log:

23:01:08 MisterED_v0.17.0 USDCHF,H1: INFO: CheckTrigger - mixed colour 2nd HA bar, using 3rd HA bar for trigger evaluation (SELL,BUY)
[size=1][color=blue]23:01:08 MisterED_v0.17.0 USDCHF,H1: INFO: CheckTrigger - HA colour change found, potential...
Hi JR,

There is something very "interesting" here.

The EA log suggests that the USDCHF order has been submitted, MT rejected with time out, however the order got through to the account:
23:01:08 MisterED_v0.17.0 USDCHF,H1: INFO: SubmitOrder - new SELL order at bid:1.05955000 , entry:1.05955000 SL:0.00000000 TP:0.00000000 Lot:7.24000000 exp:1970.01.01 00:00:00 ExitMethod:1
23:01:08 MisterED_v0.17.0 AUDUSD,H1: DEBUG: CheckPrereqs - Trade is not allowed, will try again at next incoming tick
23:01:08 MisterED_v0.17.0 GBPCHF,H1: DEBUG: CheckPrereqs - Trade is not allowed, will try again at next incoming tick
23:01:08 MisterED_v0.17.0 EURCHF,H1: DEBUG: CheckPrereqs - Trade is not allowed, will try again at next incoming tick
23:01:08 MisterED_v0.17.0 AUDJPY,H1: modify #6908461 sell 7.24 USDCHF at 1.060 sl: 0.000 tp: 0.000 ok
23:03:20 MisterED_v0.17.0 NZDUSD,H1: INFO: CheckTrigger - no colour change in HA direction, no trade triggered (SELL,2:SELL)
23:04:28 MisterED_v0.17.0 USDCHF,H1: ERROR: SubmitOrder - order submit failed (MT Code: 128 Desc: trade timeout)
23:04:28 MisterED_v0.17.0 USDCHF,H1: INFO: CheckTrigger - mixed colour 2nd HA bar, using 3rd HA bar for trigger evaluation (SELL,BUY)
23:04:28 MisterED_v0.17.0 USDCHF,H1: INFO: CheckTrigger - HA colour change found, potential SELL direction trade (SELL,3:BUY)
23:04:28 MisterED_v0.17.0 USDCHF,H1: WARNING: CloseOrders - ticket in line with current trigger, exiting close (6908461, 1)

It is clear that the time out took place, on the other hand at next tick the CloseOrders function found a left-over ticket from the previous submit, ie the order had been processed to the account despite the time-out.

From your earlier post, the MT log shows that the submitted order in question got the ticket number 6908461:
2009.09.07 23:32:11 '2088184702': connect failed [No connection]
2009.09.07 23:04:28 '2088184702': order sell 7.24 USDCHF opening at 0.00000 sl: 0.00000 tp: 0.00000 failed [Trade timeout]
2009.09.07 23:01:09 '2088184702': order was opened : #6908461 sell 7.24 USDCHF at 1.05960 sl: 0.00000 tp: 0.00000
2009.09.07 23:01:09 '2088184702': request in process
2009.09.07 23:01:09 '2088184702': request was accepted by server
2009.09.07 23:01:09 '2088184702': order sell market 7.24 USDCHF sl: 0.00000 tp: 0.00000

Apart from the dummy time-outs and follow up "No connection", this is where it gets "interesting": according to the Experts log this ticket was picked up by the AUDJPY EA
23:01:08 MisterED_v0.17.0 AUDJPY,H1: modify #6908461 sell 7.24 USDCHF at 1.060 sl: 0.000 tp: 0.000 ok

This is really unexpected turn! When you have a look at the Acoount History tab, what details do you see for the ticket 6908461? specifically what pair is it associated with? USDCHF or AUDJPY?

Longbar
  • #814
  • Edited 5:39pm Sep 10, 2009 5:04pm | Edited 5:39pm
Hi,

Just want to report my results so far to the group. This is manual trading.

Started trading on 9/3 and am up 428 pips as of today. I have 4 long positions open on CAD/JPY, GBP/JPY, GBP/CHF, EUR/JPY and one short on EUR/GBP. I'm trading on 4hr and Daily charts.

I've missed some signals due to either sleep or work, but find this a very concrete and easy to use strategy. I check charts at each close (as I am able) which takes about 2 minutes to see if trade is indicated, and another 5-10 minutes to place orders, then I walk a way and do it again if 4 hours.

This is all demo trading, will report again when I go live. Can anyone recommend a reputable MT4 broker that is true ECN (or STP/NDD) and allows microlot trading?

Thanks to everyone for your contributions to this thread!!

Oh, also a question - what to do in situation where "buy" is triggered but HA candle reverses (changes to red) on the next candle or two, should one close long position and go short (I can't hedge with U.S. broker and go both ways)?
  • #815
  • Sep 10, 2009 6:07pm Sep 10, 2009 6:07pm
Quoting ForeverForex
Hi,

Just want to report my results so far to the group....
Forever, I am not sure what the answer is to your question because I forgot (I have read about 5 different threads over the past 3 days), but I know that I saw it asked and answered in the thread somewhere...sorry I could not be of more help.

And just an FYI if you did not read the entire thread, the method just recently had it longest string of losers and worst series just recently....so just be cautious as you open your new account.

Have you tracked wins and losses since you started using the system....since I trade on fixed risk, I am always a lot more interested in those stats than in pip counts. I am hoping that Mr. Ed is going to check back in with his verdict as to whether any changes need to be made based on the recent trades.
Trading Foreign Exchange....But Only By The Grace of God!
  • #816
  • Sep 10, 2009 6:41pm Sep 10, 2009 6:41pm
Quoting McPip
Forever, I am not sure what the answer is to your question because I forgot (I have read about 5 different threads over the past 3 days), but I know that I saw it asked and answered in the thread somewhere...sorry I could not be of more help....
McPip - 8 wins, 4 losses
  • #817
  • Sep 10, 2009 11:37pm Sep 10, 2009 11:37pm
Quoting LongBar
Hi JR,

There is something very "interesting" here.

The EA log suggests that the USDCHF order has been submitted, MT rejected with time out, however the order got through to the account:
23:01:08 MisterED_v0.17.0 USDCHF,H1: INFO: SubmitOrder - new SELL order at bid:1.05955000 , entry:1.05955000 SL:0.00000000 TP:0.00000000 Lot:7.24000000 exp:1970.01.01 00:00:00 ExitMethod:1
[size=1][color=dimgray]23:01:08 MisterED_v0.17.0 AUDUSD,H1: DEBUG: CheckPrereqs - Trade is not allowed, will try again at next incoming...
Hi Longbar,

Interesting? This is looking more like the Twilight Zone.

The account history shows USDCHF.

Is it "just" an internal MT4 error or broker back end snafu?

JR
  • #818
  • Sep 11, 2009 2:56am Sep 11, 2009 2:56am
Quoting JRpips8
Hi Longbar,

Interesting? This is looking more like the Twilight Zone.

The account history shows USDCHF.

Is it "just" an internal MT4 error or broker back end snafu?

JR
Yeah, keep in mind the EA as well as MT is just a piece of software, these handle right those situations these have been programmed for... Whether this is EA or MT problem (or both) is yet to be seen. I took a look at the EA code and I do not see an obvious bug, the EA everywhere filters the orders using the Symbol (ie USDCHF) of the chart it is attached to so an EA attached to AUDJPY chart shall never pick up order belonging to USDCHF chart. What I'd like to know the exact details of that particular order to make a call here. I'll implement a small script for you and you can run that on that account to select that order and extract the order details as can be seen from the MQ4 interface side. It would generate a few lines into the Expert log window so if you post those then would help to make progress here. How does this sound?

Longbar
  • #819
  • Sep 11, 2009 6:16am Sep 11, 2009 6:16am
I downloaded HA indicator from this thread, but it doesn't look like the one MR ED posted. My colors are different which is not a big issue, but what about those vertical lines? I don't have those.

So HA is overlaid over regular candles in the indicator.. Correct? I'm not that familiar with HA.

Are settings 2632 preset in his HA indicator?

Thanks
  • #820
  • Sep 11, 2009 7:02am Sep 11, 2009 7:02am
Quoting LongBar
Yeah, keep in mind the EA as well as MT is just a piece of software, these handle right those situations these have been programmed for... Whether this is EA or MT problem (or both) is yet to be seen. I took a look at the EA code and I do not see an obvious bug, the EA everywhere filters the orders using the Symbol (ie USDCHF) of the chart it is attached to so an EA attached to AUDJPY chart shall never pick up order belonging to USDCHF chart. What I'd like to know the exact details of that particular order to make a call here. I'll implement a small...

Hi Longbar,

Sure, I'd be happy to run it for you.
It would be interesting to know how it happened.

Is it run like any other MT4 script?
Let me know when you have it ready.

JR
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