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Attachments: MA17 LWWA trading strategy
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MA17 LWWA trading strategy

  • #21
  • Sep 29, 2017 1:17am Sep 29, 2017 1:17am
Quoting candyman752
https://www.forexfactory.com/showthr...4#post10336204 i have subscribed to the above guys thread. want to know all i can about moving averages. his is intersting
Hi candyman, thanks for the EA. I am testing it on demo, all settings default except lot=0.05, 3 pairs. So far good. I would read more information on settings? Yours text on screen does not help much no such EA available in stevehopwoods page.
Attached Image
  • #22
  • Sep 29, 2017 3:36am Sep 29, 2017 3:36am
Quoting candyman752
Hello traders, My system is to buy above the MA17 LWWA 1HR or sell below it. I then add positions to it as price moves accordingly until the days target profit is met. Its taken three weeks of coding and debugging to ensure the EA trades like me manually. I am happy with it and now share it. I have also added the template i use so you can see where open price is in relation to the moving averages. this template should be put on a 15 min chart. God is the Great King.Jesus Christ His Son. {file} {file}
Thanks candyman for EA, but why it alert error (130)appeared as Screenhot attach, Please explain to me, thank very much again !!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 63 KB
  • #23
  • Sep 29, 2017 11:57am Sep 29, 2017 11:57am
Quoting Le007
{quote} Thanks candyman for EA, but why it alert error (130)appeared as Screenhot attach, Please explain to me, thank very much again !!{image}
When there is a price difference from market and the price suppose to be sent by EA it will give that message.Otherwise it will kepp trying until it hass sent.

I had a bad trading day( Me trading not EA) I did not follow the rule of buy above ma 17 and sell below,

ANyway it is such moments that get creative juices flowing. At the moment we now where price is going above ma 17 buy below ma17 sell.
But the problem is adding positions.

I believe there three scenarios that play out in every day trading. Trending ranging and leaky toilet. Unfortunately my mindset when coding EAs upto now was trea market like leaky toilet because it seemed coding for the three different markets would be a night mare.

After the major losss. While lookinf at the charts ithe code came.
Well this is the last idea i come up with. Looking forward to yours
Attached File(s)
File Type: mq4 MA17LWWA PEP v1b.mq4   400 KB | 337 downloads
  • #24
  • Sep 29, 2017 12:12pm Sep 29, 2017 12:12pm
Quoting andres11617
{quote} Hi candyman, thanks for the EA. I am testing it on demo, all settings default except lot=0.05, 3 pairs. So far good. I would read more information on settings? Yours text on screen does not help much no such EA available in stevehopwoods page. {image}
i have up loaded an updated version. I use steves bare bones to make my own EA
  • #25
  • Edited 5:58pm Sep 29, 2017 5:25pm | Edited 5:58pm
Quoting candyman752
https://www.forexfactory.com/showthr...4#post10336204 i have subscribed to the above guys thread. want to know all i can about moving averages. his is intersting
This guy does not know very much about moving averages. I attempted to explain to him all the flaws in his theory and he got mad because I wasn't kissing his ass and put me on Ignore, so I am unable to correct his BS anymore. He cut and paste images and articles from "guru" traders, or I mean, marketers, and chose to Ignore real, actual traders who were providing facts. Personally, I have no respect for him. He is like a fish flopping on the shore. I am surprised anyone still reads his thread. Well, please do not take my criticism personal.

Basically a moving average is created by accumulating price. It is the average price during a determined period of time. He wants to convince you they are created by time, removing price from the equation, which is ridiculous. He has no proof of anything he claims, his screenshots do not match his statements, and he even tells people to "discover it for themselves" because it is all BS he cannot defend, LOL. Then, realizing he didn't really know what he was talking about, he switched over to some accumulation/distribution hocus pocus using cherry picked historical charts. This is not even remotely helpful to you for trading a live market, nor is any of his time related moving averages. Look great in screenshots...don't work in life. He has kicked out several high impact actual traders who make money using moving averages because they bothered to correct him on this subject. Of course, you are free to do whatever you want, and believe whatever you want, but his theory is not aligned to market movement, therefore it is useless.
You cannot be extraordinary by being normal
  • #26
  • Edited 6:01pm Sep 29, 2017 5:34pm | Edited 6:01pm
Quoting candyman752
{quote} I had a bad trading day( Me trading not EA) I did not follow the rule of buy above ma 17 and sell below {file}
Years ago, I performed moving average analysis using single, double, and quadruple values out to 300 periods each. It took me about a month, and the results almost made me quit trading. Nearly every indicator is written against a moving average and I discovered there is no moving average that is consistent enough to make continuous profit. Trading a single moving average, over/under, is a method, but without more tools you will get burned in consolidation, double tops/bottoms, cycling ranges, head fake reversals, low volatility, and news releases. I cannot speak to your 6/8 pip add-on strategy as it is not something I do because it makes no sense to me. Good Luck.
You cannot be extraordinary by being normal
  • #27
  • Oct 1, 2017 4:48pm Oct 1, 2017 4:48pm
i am trading price action and using moving average as a basis point. when i look at the chart i want to if price is telling me buyersare in control or sellers. Above the moving average buyers in control below sellers in control. as the above has said moving averages tend to show poor results. if you using moving average for support and resistance. you need other tools. dkrock thanks for your words. one guy has found the 14 daily Simple moving average is good swing trade siignal. it produces monthly profit. trades can be held for more than monthif profitable. daclaw from australia has proved this. but i am trying day trade. i have now added 24 sma to my arsenal. but something interesting. trade with no stop loss. let action tell you when to close.no break even no trail or jump. just a take profit of 25 pips..
  • #28
  • Oct 1, 2017 4:53pm Oct 1, 2017 4:53pm
Quoting dkrock
{quote} This guy does not know very much about moving averages. I attempted to explain to him all the flaws in his theory and he got mad because I wasn't kissing his ass and put me on Ignore, so I am unable to correct his BS anymore. He cut and paste images and articles from "guru" traders, or I mean, marketers, and chose to Ignore real, actual traders who were providing facts. Personally, I have no respect for him. He is like a fish flopping on the shore. I am surprised anyone still reads his thread. Well, please do not take my criticism personal....
well and good. moving averages eventually loose steam. what works well with moving averages and what is the best way to view a moving average. i respesct moving averages because they are mathematical. and by virtue of forex using charts trading is a mathematical to certain extent
  • #29
  • Oct 2, 2017 12:25am Oct 2, 2017 12:25am
I use moving averages too. I developed a swing trading method using the market equilibrium moving average, so I am familiar with the concept. You might try reading my thread on the subject. I have the opinion that other tools are needed because you are correct, a moving average can be used as a dynamic support/resistance line between buying and selling; however, it has no probability to it. You need the other tools to create the probability to find the ideal entries and exits. While you might be successful doing what you do, I think long-term you should work on a better exit strategy that doesn't require drawdown and making up target points. Good Luck.
You cannot be extraordinary by being normal
  • #30
  • Edited 10:46am Oct 2, 2017 10:22am | Edited 10:46am
thanks dkrock.

Below is EA with setfile. The thinking is this. When market price reaches MA24 we buy if price moves up from MA or sell if price moves below.
If price goes 7 pips above the latest buy another buy will open.If price goes another 7 pips above the latest buy it will open another buy . it will continue to doso
till you close. the trade will not show a stop loss.but that does not mean you not protected. There is code in the ea that watches to see price action and then closes the position. Note i take other peoples EAs and modify them to my trading style. So the code that closes based on price action i already found in the EA i borrowed.I found it to work seemilessly. Then TP is 32 pips. Also the EA banks every 5 usd it makes. Finally it has a usd 20 safety net. if equity is down negative 20 it willclose all trades.
Thats it. Simple. Now i don't know about treating all currency pairs the same but this EA best works with GBP USD, GBPJPY, GBPCAD, GBPAUD .

Do a backtest and see for yourself.
Attached File(s)
File Type: txt Pip_Ripper.txt   10 KB | 303 downloads
File Type: ex4 Pip_Ripper_24MA_v1a.ex4   225 KB | 226 downloads
File Type: mq4 Pip_Ripper_24MA_v1a.mq4   429 KB | 326 downloads
  • #31
  • Oct 2, 2017 10:43am Oct 2, 2017 10:43am
Think about GBPNZD and EURNZD . TRy trade it like you treade other pairs.Just saying. Currency seem to havetheir own uniqueness
  • #32
  • Oct 2, 2017 11:56am Oct 2, 2017 11:56am
The earlier EA's posted were not adding positions as i had wanted. I also was not using the price action based code for closing open orders.
Also in doing back tests i found letting the EA operate from europe ope to London close is the most profitable period for the EA.
That is in the setfile.
  • #33
  • Oct 2, 2017 12:03pm Oct 2, 2017 12:03pm
Would it not be nice to have an EA start with 30 usdand it grows it to producing a nice monthly income.
I hope can one day to do code such. Mean while it is trial and error.
  • #34
  • Oct 2, 2017 9:13pm Oct 2, 2017 9:13pm
do we have to put it in 1M TF or ant TF is ok?
regards
fred
  • #35
  • Oct 3, 2017 3:04am Oct 3, 2017 3:04am
Quoting fredgold3434
do we have to put it in 1M TF or ant TF is ok? regards fred
if every tick mode is true any TF is ok. if every tick mode is false TF would depend on what suits you. if you say 1 min then the EA will check at the oen of every 1M candle if it can send a order. if you 5 min then then EA only checks at the open of every 5 min candle and so on and so forth.

This EA only seems profitable on GBP JPY.
Well after forward tests I agree with drock i need to add something else to the moving averages to make a profitable EA. If i think of something I will tart another thread.

Otherwise I am done with Moving average only EA
  • #36
  • Oct 3, 2017 4:03am Oct 3, 2017 4:03am
Quoting dkrock
I use moving averages too. I developed a swing trading method using the market equilibrium moving average, so I am familiar with the concept. You might try reading my thread on the subject. I have the opinion that other tools are needed because you are correct, a moving average can be used as a dynamic support/resistance line between buying and selling; however, it has no probability to it. You need the other tools to create the probability to find the ideal entries and exits. While you might be successful doing what you do, I think long-term you...
hi there drock what is your trading sytem ?
  • #37
  • Oct 4, 2017 1:07am Oct 4, 2017 1:07am
Quoting paul72
{quote} hi there drock what is your trading sytem ?
This isn't my thread, so out of respect for the OP's strategy, I won't get into it here.
You cannot be extraordinary by being normal
  • #38
  • Oct 5, 2017 9:47am Oct 5, 2017 9:47am
Quoting dkrock
{quote} This guy does not know very much about moving averages. I attempted to explain to him all the flaws in his theory and he got mad because I wasn't kissing his ass and put me on Ignore, so I am unable to correct his BS anymore. He cut and paste images and articles from "guru" traders, or I mean, marketers, and chose to Ignore real, actual traders who were providing facts. Personally, I have no respect for him. He is like a fish flopping on the shore. I am surprised anyone still reads his thread. Well, please do not take my criticism personal....
dkrock ---- the thread that you refer to --- I notice that you erased all your posts from that thread--- Why???

Because your full of crap!!!!
Live today like theres no tomorrow-- Prioritize like you will die today
  • #39
  • Oct 9, 2017 10:17am Oct 9, 2017 10:17am
Quoting dkrock
{quote} This guy does not know very much about moving averages. I attempted to explain to him all the flaws in his theory and he got mad because I wasn't kissing his ass and put me on Ignore, so I am unable to correct his BS anymore. He cut and paste images and articles from "guru" traders, or I mean, marketers, and chose to Ignore real, actual traders who were providing facts. Personally, I have no respect for him. He is like a fish flopping on the shore. I am surprised anyone still reads his thread. Well, please do not take my criticism personal....
the guy you criticised responded. He says you are economical with the truth. the link to post is below
https://www.forexfactory.com/showthr...3#post10362613
  • #40
  • Oct 9, 2017 10:21am Oct 9, 2017 10:21am
i have opened a new thread. i am using moving average with sixths.
below is the files if you have missed the thread
Attached File(s)
File Type: ex4 Position Adder_V1a_a.ex4   245 KB | 191 downloads
File Type: mq4 Position Adder_V1a_a.mq4   444 KB | 217 downloads
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