OsMA indicator and mechanical automatic trading | Page 3 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Alert for OsMA Color indicator? 18 replies

Divergence indicator in RSI or OSMA? 6 replies

signal alert on osma indicator? 1 reply

Audio Alert for OsMA Divergence Indicator 0 replies

Osma price alert indicator 0 replies

Attachments: OsMA indicator and mechanical automatic trading
Exit Attachments

OsMA indicator and mechanical automatic trading

  • #41
  • Aug 2, 2017 10:16pm Aug 2, 2017 10:16pm
Quoting PeteVantage
Is there anyone Algorithmic trading here? Whats the average execution speed you are dealing with?
hi
thx
after few days i will publish the expert advisor
before that we will be working on manual trading to understand the ea
i am sleeping now and dreaming of green fields and rivers and catching big fish...
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #42
  • Aug 3, 2017 12:54am Aug 3, 2017 12:54am
Quoting Samer1970
{quote} hi thx after few days i will publish the expert advisor before that we will be working on manual trading to understand the ea i am sleeping now and dreaming of green fields and rivers and catching big fish...
What are your execution speeds like?
Enjoy your sleep haha
  • #43
  • Aug 3, 2017 3:20am Aug 3, 2017 3:20am
I'm a coder and can gladly help if necessary. Not many years in mql but plenty outside mql.

Keep up the good work, and let it be simple.
  • #44
  • Aug 3, 2017 4:13am Aug 3, 2017 4:13am
Quoting Sandberg
I'm a coder and can gladly help if necessary. Not many years in mql but plenty outside mql. Keep up the good work, and let it be simple.
Do you have an average execution speed mate, the people I'm with now have been able to get it down to around 2/3 ms
  • #45
  • Aug 3, 2017 5:18am Aug 3, 2017 5:18am
Quoting Sandberg
I'm a coder and can gladly help if necessary. Not many years in mql but plenty outside mql. Keep up the good work, and let it be simple.
thx
yes great, once the code is in its final shape, it needs tuning, so with FERRFX HELP AND YOURS TOO WE CAN PROCEED.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #46
  • Aug 3, 2017 5:20am Aug 3, 2017 5:20am
Quoting PeteVantage
{quote} Do you have an average execution speed mate, the people I'm with now have been able to get it down to around 2/3 ms
THE SPEED IN MY MT4 IS 119.5 ms
but it is still working though, if i understand your question
the code still needs some preperations.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #47
  • Aug 3, 2017 5:20am Aug 3, 2017 5:20am
Quoting Sandberg
I'm a coder and can gladly help if necessary. Not many years in mql but plenty outside mql. Keep up the good work, and let it be simple.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #48
  • Aug 3, 2017 5:21am Aug 3, 2017 5:21am
Quoting PeteVantage
{quote} What are your execution speeds like? Enjoy your sleep haha
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #49
  • Aug 3, 2017 6:42am Aug 3, 2017 6:42am
If you do not know, the OSMA is the area of the MACD between the Fast EMA and the Signal SMA. Each time it crosses, the OSMA crosses 0. So the problem is the MACD settings 12/26/9 are bad for trading as they have a tendency to show divergence. This means you have a cross, which signals you to go the other direction, however price continues going the OPPOSITE direction of your signal. Maybe you have not had it happen to you yet, but for me, if an indicator head fakes me, it is useless to me.

Second, consider what you said about standard MT4 indicators and their settings. If they were actually correct, do you think, for even one second, they would appear as a free tool? Even the indicators other people make are often wrong. Look at the commonly distributed Fisher. It was written as a Gaussian indicator on base 10, but "someone" changed the formula when it went public. Look at the common TDI. It is written with Fibonacci values that do not match market movement. Look at all the indicators using 14 periods as their default, lol. If trading were actually as simple as placing a standard mt4 indicator on a chart and then just following its signals, why do so many people fail?

Recommend changing the settings to more closely match market momentum and "maybe" it will improve your trading results. It will still show divergence, which makes it trash in my opinion, but if you want to keep using it, then at least use better settings. No, I will not tell you what those values should be. HA. Just like mt4 indicators periods are all wrong, on purpose, those of us who know what they should be are not going to publicly announce the correct values.

Remember a MACD is measuring the distance between two moving averages and the OSMA is the histogram that shows that distance. In a long trend, the distance will close, but it doesn't mean the trend is over. You only need to lose a lot of money one, maybe two times, from this faulty indicator to stop using it.
You cannot be extraordinary by being normal
  • #50
  • Aug 3, 2017 6:52am Aug 3, 2017 6:52am
Quoting dkrock
If you do not know, the OSMA is the area of the MACD between the Fast EMA and the Signal SMA. Each time it crosses, the OSMA crosses 0. So the problem is the MACD settings 12/26/9 are bad for trading as they have a tendency to show divergence. This means you have a cross, which signals you to go the other direction, however price continues going the OPPOSITE direction of your signal. Maybe you have not had it happen to you yet, but for me, if an indicator head fakes me, it is useless to me. Second, consider what you said about standard MT4 indicators...
yes you are right.
but, the trading buy and sell using osma 12-26-9 is a well known system since this indi was created regardless the theory of 2 ma.
the aim here is to use it for trading in different concept,
i will show you my results of today from my real account using the rules above, and by the way, osma gave signals for gj and gu to sell and i sold and to target directly, also b4 5 minutes back, it gave me on tf 15 signals to buy gj and gu and i bought and again yes profit.

the exit of the trade is the way to think outside the box, the osma will give a signal lagging one bar but not repainting, so the whole idea to overcome the lagging and to overcome the divergance and this and that is simply how to get out of the trade ...

ok.. lets think outside of the box, i know osma and i know macd theory and principles and i was like you just thinking in a closed box but once i decided to think outside the box i saw the wonderland of mt4 in osma and macd.

yes i can use macd as osma but why the hassel and more complication of divergance and signal line... bla bla bla
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 44 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 43 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #51
  • Edited 7:22am Aug 3, 2017 6:56am | Edited 7:22am
No problem. It is a well known system and nearly everyone loses with it. I have lost with it several times. Up to you. Too risky to me. If an indicator shows me a market head fake, that is good. If the indicator head fakes me against the market, that is bad. Your choice. Thinking "outside" the box would be done by not doing what everyone else has done and failed. Here are two examples of failure I found without even looking very hard. We will disagree because I am a trader and you are a programmer, but I know from experience, not theory. You are free to ignore me. It is your money, or is it? Maybe you do not trade, so you don't really care about losing money? Sooner or later, it is going to lie to you and you are going to lose a lot of money. Doesn't make sense to do self-sabotage to me.

BTW, the two moving average is not a theory, lol, it is what this indicator measures. As price crosses the 12 EMA, with a 9 SMA internal measurement against it, you get a MACD cross, which is a 0 line cross on the OSMA. When the 12 EMA crosses the 26 EMA you get a 0 line cross on the MACD. This means the OSMA is basically trading when price crosses the 12 EMA per the EMA crossing the 9 SMA of the 12 EMA. In simple terms, it is when price crosses the 12 EMA. If you trade the MACD 0 line cross, then you are trading the 12 EMA when it crosses the 26 EMA. As you troll through FF, do you find many systems using 12 EMA and 26 EMA? LOL. Perhaps a little study of what you are doing will help you better understand?

Attached Image (click to enlarge)
Click to Enlarge Name: one.png Size: 66 KB

Attached Image (click to enlarge)
Click to Enlarge Name: two.png Size: 66 KB
You cannot be extraordinary by being normal
  • #52
  • Aug 3, 2017 7:06am Aug 3, 2017 7:06am
Quoting dkrock
No problem. It is a well known system and nearly everyone lose with it. I have lost with it several times. Up to you. Too risky to me. If an indicator shows me a market head fake, that is good. If the indicator head fakes me against the market, that is bad. Your choice. Thinking "outside" the box would be done by not doing what everyone else has done and failed.
with great respect, again, please no hard feelings, I have lost also alot by wrong signals of many indicators.

please simply try to see the osma from another angle.

it gave me three signals to sell, 2 were correct and one was wrong, for two hot pairs , i took the trades and i won, then it gave me another 3 signals to buy the the same hot two pairs, i did it, i won 2 and lost 1 for each.

again, the idea is how to go out from the osma trade even if it is wrong with profit

2 x 1.0 = 2
1x -1 = -1
total
1
two pairs
2
2 runs
2x2 = 4 usd profit in less than 30 minutes.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #53
  • Aug 3, 2017 7:11am Aug 3, 2017 7:11am
from your way of seeing the osma you will lose three trades, but from the way i saw it from your chart, i will get 4 trades in cash with profit and 1 in loss

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 215 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #54
  • Aug 3, 2017 7:13am Aug 3, 2017 7:13am
and again, please refer to the rules ... time frame s are from 15 minutes till h4.
the 5 minutes is scalping and the osma will make you lose if you trade it in scalping as the 1 bar lagging will be deadly.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #55
  • Aug 3, 2017 7:22am Aug 3, 2017 7:22am
here is another real example how to use osma

i was on call when uj went down , osma was screaming sell sell ... samer sell.. but i was not there, then when i saw it, it was too late, and it gave me wrong signal the 1 bar before 2 hours back, so now i am in loss.

so what to do

i will wait the new signal, and here is the beauty of osma, if the tf 15 minute is buy ( bar 1 ) the lagging bar, i will buy 0.01 then my compounding will operate, but i will wait the second signal
after 30 minutes if it is again buy signal ( bar 1 > bar 2 ) the i will buy then my loss will be less till it is catching the tp with 2 in cash and 1 in loss
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB


now to make real trade i need to waity the end of the recent bar

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 38 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #56
  • Aug 3, 2017 7:27am Aug 3, 2017 7:27am
i did it with aud/usd

lets see the results

this is counter trend trading as i made a wrong trade also with au and i need to correct my mistake, i was on call when it was screaming buy buy buy... now i bought and to speed things i made 0.01 + 0.02 lots to faciliate the compounding

lets wait and see

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #57
  • Aug 3, 2017 7:28am Aug 3, 2017 7:28am
Quoting Samer1970
and again, please refer to the rules ... time frame s are from 15 minutes till h4. the 5 minutes is scalping and the osma will make you lose if you trade it in scalping as the 1 bar lagging will be deadly.
WOW! I know you are passionate about your cause, for the moment, but allow me to further educate you. A time frame is just a time frame. They all make the same patterns. The difference is the frequency of the pattern and the range of price from high to low. IF YOU TRADE on 15M - 4HR time frames, then your LOSS is going to be HUGE! Just warning you. Don't be too excited. It is going to happen. The period settings are wrong. In fact, there is a whole set of indicators designed just for MACD divergence, LOL. So, believe me, don't believe me. Again. Your money. Thank you for your respect, and I hope you feel I have given it to you. I am concerned because this indicator is awful in my opinion. There are much better indicators to use that do not lie to you. Good Luck.
You cannot be extraordinary by being normal
  • #58
  • Aug 3, 2017 7:31am Aug 3, 2017 7:31am
ok
fair

it is clear you are still thinking that the new idea is influanced by the div. no sir, the idea is how to to get out with profit .

another example

the gu will give signal after few minutes to buy

lets make buy trade and see how it will go

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 67 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #59
  • Aug 3, 2017 7:33am Aug 3, 2017 7:33am
now i made buy signal on tf 15 min

of gu

lets see what will happen

2 options here

i gain as per the bar1 signal and hit my tp or it will go south, then i will next bar1, if it is sell, no chance i will wait, if it is buy , then i will buy

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #60
  • Aug 3, 2017 7:37am Aug 3, 2017 7:37am
for uj
it was sell signal
i did not enter on 1 and i will wait for bar0 to close on 2, if it is buy i will buy and i will operate my closing system, if it is bar0 closing on sell i will not enter, also, from the recent status it be going to be buy in bar0, so i will wait it,

no entery for ju till the buy signal is on

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 49 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
0 traders viewing now