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Ultimate TRADE EA

  • #61
  • Apr 4, 2012 9:19pm Apr 4, 2012 9:19pm
Hello unimak,

can update how the system fare for yesterday if it is working as per your rules?

thanks.

-guandi

Quoting unimak
2012.04.02 00:00 1.33527 1.33801 1.32777 1.33286

Pivot was 1.3329

This is the result :- 2012.04.03 00:00 1.33299 1.3367 1.32128 1.32217


so if the EA was made to take the trade at buy abv 3329 then it would have hit tgt 3 at 3359 ( thus getting 30 pips ) and if we have fired a sell at say 30 pips below the pivot then it would have hit 3298 >> 3213 so around 80 pips

so all total we would have netted 30 plus 80 = 110 pips on EU yesterday .
  • #62
  • Edited 3:07am Apr 5, 2012 3:03am | Edited 3:07am
Quoting guandi
Hello unimak,

can update how the system fare for yesterday if it is working as per your rules?

thanks.

-guandi
input value 2012.04.0300:001.332991.33671.321281.32217

pivot 1.32672 taken as 1.3268

result

2012.04.0400:001.32221.323251.310611.31428

the open is below and far away from pivot so the system will say s1 hit on cards at the open which is 1.31673 taken as 1.3168 .

we have a further sell at 30 odd pips below the s1 value

so say 1.3137 we have the sell , it fired and it netted 30 pips

so you have 2 trades one 1.3216 ( yes close value ) > 3168 ( this is know figure at the start of the trade so we keep tp here ) 48 pips profit here

and another 30 pips when the sell fired so the system game 78 pips yesterday in 2 clean trades

yesterday we had 126 pips in eu and out of that this system gave 78 pips without any major risk . and the beauty is we did not see any indicator at all .
  • #63
  • Apr 5, 2012 12:31pm Apr 5, 2012 12:31pm
Quoting unimak
input value 2012.04.0300:001.332991.33671.321281.32217

pivot 1.32672 taken as 1.3268

result

2012.04.0400:001.32221.323251.310611.31428

the open is below and far away from pivot so the system will say s1 hit on cards at the open which is 1.31673 taken as 1.3168 .

we have a further sell at 30 odd pips below the s1 value

so say 1.3137 we have the sell , it fired and it netted 30 pips

so you have 2 trades one 1.3216 ( yes close value ) > 3168 ( this is know figure at the start of the trade so we keep tp here )...
I quite appreciate your explanation.Please what informed your decision that your entry point for the first sell will be at 1.3216 Since market opened at 1.3168 and the pivot is @ 1.3268?
With patience and discipline,you move beyond the sky
  • #64
  • Apr 5, 2012 10:51pm Apr 5, 2012 10:51pm
Quoting biodunola07
I quite appreciate your explanation.Please what informed your decision that your entry point for the first sell will be at 1.3216 Since market opened at 1.3168 and the pivot is @ 1.3268?
pls refer to the data given by my broker , as per the broker data the open was at 1.32222

I think you missed it .
  • #65
  • Apr 6, 2012 6:13am Apr 6, 2012 6:13am
If DAILY price opens above r1 which signifies strong buy market.Are we going to short with r1 as target point for our tp?
With patience and discipline,you move beyond the sky
  • #66
  • Apr 6, 2012 7:55am Apr 6, 2012 7:55am
Quoting biodunola07
If DAILY price opens above r1 which signifies strong buy market.Are we going to short with r1 as target point for our tp?
No and yes, it is a risky short but yes decline on cards so we can short below yesterday close for r1 hit keeping tight sl

but this is not a real trade , the real trade sell might be sitting at r1 - 30 pips below .
  • #67
  • Apr 6, 2012 12:28pm Apr 6, 2012 12:28pm
[quote=unimak;5536131][quote=seller9;5536082]Can you put together a list of the logical steps you want the EA to perform, so far we have the firt step. Also if there are any paces where the user must intervene in this sequence list those also.

1) Calculate Daily, Weekly, Monthly, Yearly Pivots, R1, and S1.

2) First day of the month week or year is the time when one sets the pivot, once it is set it remains valid for the time period set , and daily is set daily . now the next step is at the open as the case may be we calculate the pivot and also catch the type of market ( R1 or S1 or Pivot ) if R1 then market is a strong BUY if pivot then market is normal and above pivot is in buy mode and if S1 market is weak below pivot can crash . but above this pivot it is a cheap buy althoug weak .

3) Now we have the piovt and the setting adjusted as per open , now we will proceed to trading , for trading we will need 5 tgt buy side 5 target sell side and 1 sl each for buy and sell , so we will allow the user to input the figure , so if he says 10 pips then all the 5 target will be calculated in the buy side we just add 10 pips to arrive at each tgt and opposite in case of sell side.

4) our trade fires based on daily values , ( however as potential big trade will be checked by the EA on the Weekly and Monthly and yearly , so we will take from the user the weekly value for the 5 target , same applies for monthly and yearly . when such a trade is identified on a bigger time frame and it matches with the daily we allow the trade to run .

5) Entry rules as sell is triggered when the price cuts from above and a buy is triggered when the price cuts from below

6) TP rule , booking is at t3 value or the 3rd value always and the initial sl is moved to cover the buy price when it t1 in the case of daily , in the case of weekly or yearly or monthly the booking is done on achieving the targets , all exit via trigger sl .

hope i am able clear some of the thi

Based on point number 5 above, SELL is triggered when when price cuts from above .Price cuts what ? r1 ,s1 or pivots ?

Please I need clear explanation on entry conditions.Thanks your system looks promising.
With patience and discipline,you move beyond the sky
  • #68
  • Apr 6, 2012 12:30pm Apr 6, 2012 12:30pm
[quote=unimak;5536131]
Quoting seller9
Can you put together a list of the logical steps you want the EA to perform, so far we have the firt step. Also if there are any paces where the user must intervene in this sequence list those also.

1) Calculate Daily, Weekly, Monthly, Yearly Pivots, R1, and S1.

2) First day of the month week or year is the time when one sets the pivot, once it is set it remains valid for the time period set , and daily is set daily . now the next step is at the open as the case may be we calculate the pivot and also catch the type...

Based on point number 5 above, SELL is triggered when when price cuts from above .Price cuts what ? r1 ,s1 or pivots ?

Please I need clear explanation on entry conditions.Thanks your system looks promising.
With patience and discipline,you move beyond the sky
  • #69
  • Apr 6, 2012 12:33pm Apr 6, 2012 12:33pm
[quote=biodunola07;5549607]
Quoting unimak


Based on point number 5 above, SELL is triggered when when price cuts from above .Price cuts what ? r1 ,s1 or pivots ?

Please I need clear explanation on entry conditions.Thanks your system looks promising.

I am waiting for seller9 to revert back , r u going to help us in coding ?? if so then give a rough of what has been told so far into a non trading EA
  • #70
  • Apr 6, 2012 2:27pm Apr 6, 2012 2:27pm
[quote=unimak;5549610]
Quoting biodunola07


I am waiting for seller9 to revert back , r u going to help us in coding ?? if so then give a rough of what has been told so far into a non trading EA
I am not a progammer. I only fall in love with your system if perhaps I can be using it manually before the arrival of the EA. Back to my question now, I need explanation on what determines buy and sell in respect with daily open pivot,r1 and s1
With patience and discipline,you move beyond the sky
  • #71
  • Apr 7, 2012 2:03pm Apr 7, 2012 2:03pm
If anyone has a handle on the logical sequence of events leading up to a buy or sell, PLEASE JUMP IN HERE.

What I need is a chart with the EA Pivot_2 running on it with the pivots and R1 and R2 numbers as displayed by the EA since these are the numbers I am trying to build the EA around.

I then need someone to explain, using those numbers how you would take a trade or not trade based on those numbers that the EA has produced.

A nice chart with what we are looking at would go a long ways in getting this done quicker. At this point there are too many different numbers flying around, a picture is worth a thousand words, as the saying goes.

I can't read minds and neither can my computer.

What about post #56, I never heard if it was right or wrong or useless????

A nice screen shot of a chart explaining it all would be nice.

Thanks
  • #72
  • Apr 7, 2012 10:12pm Apr 7, 2012 10:12pm
[quote=seller9;5538731]
Quoting unimak

Take a look at the chart below, is this correct or what should be the area for the Normal, weak buy, strong buy, weak sell, strong sell.

Attachment
Above R1 it is a strong buy
above PV it is a normal buy
above S1 weak buy

below S1 ( -30 odd pips should be user defined ) is a crash sell ( the place when the market crashes with rapid dn moves )
below Pv ( -30 odd pips should be user defined ) normal sell
below R1 ( -30 odd pips should be user defined) weak sell .

hope this explains.

2 things we need to get off the ground, determine the type of market and then based on the type of market we arrive at the 3 tgt t1 t2 and t3 ..

when the price cuts the PV from below the buy triggers . Here the pv will be determined by the EA whether it is R1 S1 or PV .

Hope this is clear .

so first job is suppose we determine that it is pv then we calculate the 3 tgt and then from the pv we minus 30 pips to arrive at sell tgt and then we arrrive at 3 tgt of sell .

we now have the buy and sell so when the price cuts we fire the trade with sl being for buy sell value and vice versa .

we will move our sl at each level brk , so we will keep our sl at our sell value when the price is at t1 so on and so forth .

we will exit via tp in this case. which will be t3 or any tgt given by user.
  • #73
  • Apr 8, 2012 7:14am Apr 8, 2012 7:14am
Please give us trade update on EUR/USD at the opening of the market tomorrow exactly the way the EA would have traded . Make it practical as you did in post #60.I hope this will make things clearer to seller 9. Thanks .
With patience and discipline,you move beyond the sky
  • #74
  • Apr 8, 2012 7:55am Apr 8, 2012 7:55am
[quote=unimak;5551185]
Quoting seller9

Above R1 it is a strong buy
above PV it is a normal buy
above S1 weak buy

below S1 ( -30 odd pips should be user defined ) is a crash sell ( the place when the market crashes with rapid dn moves )
below Pv ( -30 odd pips should be user defined ) normal sell
below R1 ( -30 odd pips should be user defined) weak sell .

hope this explains.

2 things we need to get off the ground, determine the type of market and then based on the type of market we arrive at the 3 tgt t1 t2 and t3 ..

when the price cuts...
Sir,I think I understand your mind and your system now.Let me summarise it for your comments and also to make the job easier for seller 9.

1) Determine the type of market which could be any of this a)STRONG BUY -i.e above r1,NORMAL BUY- i.e above pivot,WEAK BUY - i.e above s1,STRONG SELL-i.e below s1,NORMAL SELL-i.e below pivot and WEAK SELL i.e below r1.

2) IF price cuts pivot from below, place a buy order with 3 tgt points tp1(30 pips away from entry) tp2 (10 pips away from tp1) and tp3(10 pips away from tp2).Stop loss for our buy order is 30 pips below the pivot which is also the place our sell order will trigger with 3 tgt points also as we have for buy orders and THE STOP LOSS for sell order will be 30 pips away up which will be at pivot area.

Please comment on this
With patience and discipline,you move beyond the sky
  • #75
  • Apr 8, 2012 8:44am Apr 8, 2012 8:44am
[quote=biodunola07;5551700]
Quoting unimak

[color="Blue"]Sir,I think I understand your mind and your system now.Let me summarise it for your comments and also to make the job easier for seller 9.

1) Determine the type of market which could be any of this a)STRONG BUY -i.e above r1,NORMAL BUY- i.e above pivot,WEAK BUY - i.e above s1,STRONG SELL-i.e below s1,NORMAL SELL-i.e below pivot and WEAK SELL i.e below r1.

2) IF price cuts pivot from below, place a buy order with 3 tgt points tp1(30 pips away from entry) tp2 (10 pips away from tp1) and tp3(10 pips...

clean and simple to understand, you have got it right till now tp1 tp2 and t3 will 10 pip away from each and booking will be at tp3 .
  • #76
  • Apr 8, 2012 8:46am Apr 8, 2012 8:46am
i think we do this for the day and that should be fine. I think the system is confusing seller 9 so let us keep it simple .
  • #77
  • Apr 8, 2012 7:46pm Apr 8, 2012 7:46pm
[quote=biodunola07;5551700]
Quoting unimak

Sir,I think I understand your mind and your system now.Let me summarise it for your comments and also to make the job easier for seller 9.

1) Determine the type of market which could be any of this a)STRONG BUY -i.e above r1,NORMAL BUY- i.e above pivot,WEAK BUY - i.e above s1,STRONG SELL-i.e below s1,NORMAL SELL-i.e below pivot and WEAK SELL i.e below r1.

[color=blue]2) IF price cuts pivot from below, place a buy order with 3 tgt points tp1(30 pips away from entry) tp2 (10 pips...
Thanks biodunola, this is what I was looking for and precluded to in the chart I posted but never got an answer if it was correct. I will work this into the EA.

A nice chart from the open using the present EA numbers and a chart showing what would have or not happened would be real nice. All I need is a nice locical sequence of events that the EA can be programed to follow in a logical order, NO CRYSTAL BALL, just logic.
  • #78
  • Edited 11:50am Apr 9, 2012 12:28am | Edited 11:50am
EU this is the data i got from my broker .

EA should calculate based on the broker data it is using and not base itself on some other external data.


2012.04.0600:001.306211.311191.304621.30907

PV 1.3083

2012.04.0800:001.310071.310281.306511.30845 ( we ignore this data as it is sunday )

2012.04.0900:001.308331.308781.303151.30654

so open is 1.30833 so market is normal as it is near PV

so abv pv we buy for so tgt is 3083 plus 10 =3093 tp1
3093 plus 10 = 3103 tp2
3103 plus 10 = 3113 tp3

sell value is 3083 minus 30 pips( user defined ) so it is 3053

so tgt is 3053 mius 10 pip = 3043 tp 1
3043-10 = 3033 tp 2
3033 -10 = 3023 tp 3

eu hits 1.30315 which means tp 2 done so 20 pips

since morning this is the story .


update at night


1.308331.31181.303151.31156

so here we hit t3 on the buy side . 3113 is our tgt all gone thru

so 20 in morning 30 in evening total 50 pips on eu . when the range is 90 odd pips
  • #79
  • Apr 9, 2012 2:53am Apr 9, 2012 2:53am
Hello unimak,

how do you derive the figure -30 pips for sell? did you run some statistical test?

thank you.

-guandi
  • #80
  • Apr 9, 2012 4:31am Apr 9, 2012 4:31am
Quoting guandi
Hello unimak,

how do you derive the figure -30 pips for sell? did you run some statistical test?

thank you.

-guandi
it is an approx figure which is user selectable . all these parameters will go into fine tuning later on .
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