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Attachments: The Hodgepodge Trading System
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The Hodgepodge Trading System

Quoting krismitt
{quote} Look in your "Chart Properties" and either activate "Volumes" or change the colour so you can see the line. Cheers.
Thanks krismitt, i can now see the line.
Here another question, why this order was opened? Have you got the same order?
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Quoting dlsp22
{quote} Thanks krismitt, i can now see the line. Here another question, why this order was opened? Have you got the same order? {image}
Hi dlsp22,

Aussie news caused the spike
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You need to watch what news is coming out

Go to "Calendar" on top of your page

PS:
AUDNZD is one of those pairs that don't do well in the higher TF. Each pair has it's own peculiarities.
Quoting MTPockets
{quote} Hi dlsp22, Aussie news caused the spike {image} You need to watch what news is coming out Go to "Calendar" on top of your page
Order will open next candle if the previous one cross over the MA according to the rule, but the candle not close above the MA, the order should not open, Right?
Quoting dlsp22
{quote} Order will open next candle if the previous one cross over the MA according to the rule, but the candle not close above the MA, the order should not open, Right?
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I don't know what TF you are on but it looks like it opened here (blue arrow)

It looks like the 5 & 8 EMA were undecided in the D1 TF , you just happened to get caught in a sideways market

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Quoting krismitt
{quote} Yes they do!. So I simply move my stops to where I want them, after the trades have been open Cheers Lorbax.
Ok, which means you use it semi-auto, right ? ok.

Another thing, in order to do a bit of backtesting and possible optimization, using at least a bit of Walk-Forward Analysis, I find very powerful using two implementations, which I understand not to be fast to insert nor extremely easy (at least for my low coding skills)

1. At the end of any optimization we end up with a set of "best" constant numbers such as Take Profits, BreakEven levels and Trailing Stops. Those are the result of a best value set, which we believe to be optimum. The hardest target here is to avoid overfitting of values, creating the "best" set for the past. One way out is using "variables" instead of "constants". Example: TakeProfit is 1.5 times the average daily range, Trailing Stop is 0.75 of the average daily range ... and so on.
Our optimizations will be based on those multipliers, instead of the pure absolute numbers. I know this can be a bit of coding labor, but in most of cases you end up with much more robust optimum sets, which last longer on live trading.

2. MT4 offers the possibility to have a customized optimization, instead of using one of the poor basic ones (best balance, lowest dd, best profict factor, ...etc) which are all very fragile, tend to overfitting and/or only include one aspect of the results. Check this short article: http://sharpquant.com/general/custom...tion-criteria/

This implementation is actually very easy to code and can lead to incredibly interesting results. One of the most famous custom formula is to maximize "profit/drawdown" so you end up having the highest profit AND the lowest drawdown combined. There are several popular formulas for this. You can also add more than one and with an external variable choose the one you prefer "1,2,3,4 ...." . Here you can find one advanced evaluation formula called K-Ratio: http://www.styleadvisor.com/content/k-ratio
Or, other examples here: https://www.multicharts.com/discussi...pic.php?t=8838


What do you think about these 2 things ? Let me know if you need a hand with some coding, I am more than available (despite of my little free time) to help you in case you need some. Let me know, open to collaborate.

Thanks,
have a nice day.
Lorenzo
Hi,

This week was not good for me. I have HP3.1 on 28 pairs on timeframe D1. The results were not positive.
The main reason seems to me that quiet a few pairs have bounced of a resistance line on D1/W1 that is
not broken yet. Hmm, maybe I should try H4 for my main timeframe.
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Cheers.
I am having the same issue. I have the most uptodate Vr of the EA, the template and settin. Still barely took any trades and the 2 that it did take were hard losses. This is of course after I started back from scratch going back to pg one and taking ever update and setting as i saw them.
Nzd/cad 4h stoploss set at ma break
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AUD/JPY - Just Playing around havent figred out how to trade well with this Ea and i think my stop is too tight, but im still in slight profit, profit is profit I can see great potential in this Ea, thanks Krismitt
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Quoting MTPockets
WOW !!! It has been real quiet on this thread !! I've been checking out the HP on the M5 Charts with H4 trend and have got a real good alternative to the standard H4 entry. This is a picture of the NZDJPY 5M, no exit until H4 trend change .. the advantage that I have experienced is getting into a trend much sooner than waiting for the H4 to align with D1. {image} Roughly 137 pips so far. About 20 of the 30 pairs I'm running have typical results I will be trying this set up for the following week and let you know the results
Hi MT any update on these settings ? Cheers
Quoting krismitt
Lesson Learnt Last week: Trade the D1 Time-frame with all three Moving Average Filters enabled (One Higher, One Lower and the current TF). There are sufficient "re-entry" Trades to secure a few good trades for the week. More trades does not equate to more profits!!!. Here is the narrative {image} Over the 2-days 17-18th August. 24 Trades H4 Timeframe Profit $189.75 Profit/Trade $7.90!!. Arrive at your own conclusions!! Trade well.
Hi Krismitt any chance you could post a preset or picture
of your settings please ? I'm also unsure what to do with sl and tp so it would really help if you could - many thanks
Did anyone else get their butts kicked a few hours ago when the USD just went wild against the EUR and GBP. I lost over 30 pips on each. Every time i closed out an order the EA would try to re open. I finally just had to close out all windows.
Quoting behold34
Did anyone else get their butts kicked a few hours ago when the USD just went wild against the EUR and GBP. I lost over 30 pips on each. Every time i closed out an order the EA would try to re open. I finally just had to close out all windows.
No all fine here Ea not took any trades tonight I was just looking at it thinking how boring - but made the same mistake myself with a different ea - note to self - turn off autotrade button first, then close trades
Well,

I've been testing this EA for 2 weeks now.. My demo account have grown from 1000 to 2600 in so far.. Needless to say I'm pretty impressed
Quoting Kongjarl
Well, I've been testing this EA for 2 weeks now.. My demo account have grown from 1000 to 2600 in so far.. Needless to say I'm pretty impressed
Well done, please share your settings and TF traded.

Rubernet
Trade Without Fear
Trades for the week.

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Trade Without Fear
Quoting Rubernet
{quote} Well done, please share your settings and TF traded. Rubernet
Using H4...
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This is automatic trading whether you need to buy and sell yourself.? How to install it?
Quoting linex13
This is automatic trading whether you need to buy and sell yourself.? How to install it?
If you don't know how an EA work on MT4, I strongly suggest you start your research now! Don't install this EA and don't trade anything.. You need to research and learn before trading!
Quoting montego
{quote} Hi Krismitt any chance you could post a preset or picture of your settings please ? I'm also unsure what to do with sl and tp so it would really help if you could - many thanks
Hi Montego.

I have added a .set file to Post#1
Please use this as a starting point to develop your own; remember that the EA is not a "set and forget" type.
It works best in semi-automatic mode; check all your trades once entered; close if you do not like any.

Trade well!.
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