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OsMA indicator and mechanical automatic trading

  • #121
  • Aug 3, 2017 3:27pm Aug 3, 2017 3:27pm
Yes Ranges are the weekpoint. Have you testet your ea on 2 timeframes?

Or a range filter. But a draw down is normal. money Management can help through that
Everyday better.
  • #122
  • Aug 3, 2017 3:37pm Aug 3, 2017 3:37pm
Quoting arlucad
Yes Ranges are the weekpoint. Have you testet your ea on 2 timeframes? Or a range filter. But a draw down is normal. money Management can help through that

thank you

well, good feedback, no i did not test it on 2 time farmes ... and i do not have range filter.

bcz of this it needs development

by the way

most of the other expert advisers will fail in the trend market and will be very good in range market, this EA is in the opposite, it is very strong in the trend market and weak in range market
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #123
  • Aug 3, 2017 3:46pm Aug 3, 2017 3:46pm
i have recieved a strange message email from a friend trader asking if we can use osma in 1 minute time frame to detect the trend as a tick...

well.

yes

first of all this answer has not any relation with this thread, it is different subject


osma can be used to measure the S/R and it can be used to measure the trend

ok

lets do the following experiment

change the set points to be 333/456/963 on 1 minute time frame

you can see that the osma is expanding, and it is showing many trends

trend A is about 340 points = 34 pips - sell - down trend

trend B is more than 750 points = 75 pips - buy - up trend

the only defect here that you can not predict or write a code to catch the bottom ( my exp. stops here )
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #124
  • Aug 3, 2017 3:52pm Aug 3, 2017 3:52pm
another trend from 1 min chart as an example

down trend for 550 points = 55 pips = sell

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 59 KB


the set points 333/456/963 are randomly chosen and you can set any points to suite your system
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #125
  • Aug 3, 2017 3:52pm Aug 3, 2017 3:52pm
I hope I can help a bit. To test this on to timeframes as filter is better than a rane filter imo. Because like you said every system has its own market when it makes money, thats normal and when we try to much to dont loose money we forget to make money in Trends.

But If you find something usefull im Happy to get a better view

Thats a really simple Methode and when we add to much to it we loose the essence. im a manual trader i would rather try to get a feeling for the market and when we can make money than try to trade the whole time.

And I only trade 2-4 markets thats really enough to make some bucks. An ea could trade more and can make more money i think.

PS: nice 1min charts but im too slow for that. M15 is the lowest timeframe. Dont try to catch every pip.
Everyday better.
  • #126
  • Aug 3, 2017 4:21pm Aug 3, 2017 4:21pm
If you want to see manual MTF as simply a color code, you can use this indicator. Change the settings to 12/26/9. I only have the exe so cannot change the default.

Attached File(s)
File Type: ex4 MACD Candles v4.ex4   15 KB | 575 downloads


If you want to see the lines, here is an MTF for that. Each cross is a 0 line cross of the OSMA. Since OP wants to concentrate on 15M - 4HR, I set only those time frames.

Attached File(s)
File Type: mq4 MACD Multi.mq4   19 KB | 586 downloads

Attached File(s)
File Type: ex4 MACD Multi.ex4   26 KB | 501 downloads
You cannot be extraordinary by being normal
  • #127
  • Aug 3, 2017 4:22pm Aug 3, 2017 4:22pm
Great dkrock!
Everyday better.
  • #128
  • Aug 3, 2017 4:24pm Aug 3, 2017 4:24pm
Is there any way to make the EA not take hedging positions?
  • #129
  • Aug 3, 2017 5:01pm Aug 3, 2017 5:01pm
Quoting ChicagoRob
Is there any way to make the EA not take hedging positions?
yes
make the sell lot =0 or make the buy lot = 0
so the ea will generate only trades for the lot of value more than 0
i will modify the code to add or remove hedging
thank you for your feedback
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #130
  • Aug 3, 2017 5:09pm Aug 3, 2017 5:09pm
Quoting dkrock
If you want to see manual MTF as simply a color code, you can use this indicator. Change the settings to 12/26/9. I only have the exe so cannot change the default. {file} If you want to see the lines, here is an MTF for that. Each cross is a 0 line cross of the OSMA. Since OP wants to concentrate on 15M - 4HR, I set only those time frames. {file} {file}
Well .. no point trying to look at the past with that indi all mtf will give false results , only in realtime will it be useful ,, if it is at all!!

Candles will repaint back to previous bars of higher tf mtf, its probably better to combine 2 or 3 different current tf combos to get exact results
  • #131
  • Edited 6:02pm Aug 3, 2017 5:34pm | Edited 6:02pm
Quoting Samer1970
the closing cases they are three case 1 sum of all profits of buy and sell are more than zero using the ea , it will make hedging manual trading - no hedging- please. close all on the new bar time(0) this will be automaticaly achieved in 80% and more of the real trades case 2 sum of buy profits is more than zero while the sell orders counter is zero ( no sell trades ) close all buy orders wait next signal form the closed osma bar case 3 sum of sell profits is more than zero while the buy orders counter is zero ( no buy trades ) close all sell orders...
Well yes ,,, this is what we call being in the @#8# we are now in a position where both entries have the same lotsize battling against each other so for every pip gain there is a pip lost and if you are in this position you are in negative so whats the plan do you open another trade at same lot size either way?
  • #132
  • Aug 3, 2017 6:44pm Aug 3, 2017 6:44pm
Quoting Wags
{quote} Well yes ,,, this is what we call being in the @#8# we are now in a position where both entries have the same lotsize battling against each other so for every pip gain there is a pip lost and if you are in this position you are in negative so whats the plan do you open another trade at same lot size either way?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 245 KB
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #133
  • Aug 3, 2017 8:11pm Aug 3, 2017 8:11pm
This is so easy, I can't believe that anyone has never thought of this easy money maker yet.......
  • #134
  • Aug 3, 2017 10:08pm Aug 3, 2017 10:08pm
Thanks Samer1970 (https://www.forexfactory.com/samer1970) this is some good stuff. Looking forward to following your thread....

  • #135
  • Aug 4, 2017 12:05am Aug 4, 2017 12:05am
hello, i have tested the ea for one month by h4 chart. and as it is seen the results going to loss finally due to remaining opened pairs witch never reach to the profit.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled1.png Size: 201 KB

everything are going normal and great. but when you look at the open trades you will see some of them are in loss. finally, at the end day these pairs are closed altogether , it means you have to close them. don't you.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled2.png Size: 159 KB
  • #136
  • Aug 4, 2017 1:06am Aug 4, 2017 1:06am
hi samer

good work , go on

its seems to me like " daily green Red candle : system but with macd filter
no?

thanks
dimdel
  • #137
  • Aug 4, 2017 3:19am Aug 4, 2017 3:19am
Quoting eltd
hello, i have tested the ea for one month by h4 chart. and as it is seen the results going to loss finally due to remaining opened pairs witch never reach to the profit. {image} everything are going normal and great. but when you look at the open trades you will see some of them are in loss. finally, at the end day these pairs are closed altogether , it means you have to close them. don't you. {image}

hi

for the ea, this is the defect that i am speaking about it that it needs a solution for the ea.

however, for the manual trading using one direction, the story is different, this loss case will not be there bcz you can close your trades manually with or without candle close.

any advice please

bcz of that i said - the ea is still under developing not yet ready for trading
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #138
  • Aug 4, 2017 3:23am Aug 4, 2017 3:23am
again

DO NOT USE THE EA IN REAL ACCOUNT.

DO NOT MAKE ANY TRADES BY THIS EA.

THIS EA IS STILL UNDER TESTING AND DEVELOPING

IT WILL END WITH LOSS IF YOU DO NOT KNOW HOW TO DEVELOP IT.
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #139
  • Aug 4, 2017 3:24am Aug 4, 2017 3:24am
Trade the manual rules
GUYS BE AWARE FROM HUNTING YOUR STOP LOSSES BY YOUR BROKER & BY "GHOSTS"
  • #140
  • Aug 4, 2017 3:41am Aug 4, 2017 3:41am
One suggestion to begin with. Why not let the EA trade as if it was a manual trade, following your rules?
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