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Attachments: Channel MA Short-Term System
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Channel MA Short-Term System

  • #61
  • Oct 18, 2017 8:44am Oct 18, 2017 8:44am
Quoting fotolia
{quote} There are no words to describe my gratitude Mickey! Your system is another evidence of theory that everything genial is simple! :-) I personally can see 4 clear signals to enter on the chart USDJPY. I missed second signal, so entered after third one (shown on screenshot). Decided to close it manually because of possible pull-back movement, resistance level ahead + ADR was about 100% already.. greed is healthy but it has ability to kill))) Result for today +50pips (R/R = 1/2.5) {image}
actually, from what i see in the chart you posted, nr2 is not a signal - the signal line just goes into the channel... it doesn't come out again, to reconfirm.
  • #62
  • Oct 18, 2017 10:31am Oct 18, 2017 10:31am
Quoting MickeyMar
{quote} Damiend: thanks for your patience and effort in helping us all with the EA. First signal: a signal that changes the direction of the trend, the first BUY signal after a SELL or a series of SELL signals, or the first SELL signal after a BUY or a series of BUY signals. Reconfirmation: a signal of the same kind as the previous one: BUY when the previous signal was also BUY, or SELL if the previous signal was a SELL. Would be great if the EA could have 2 options: 1) to only enter ONE position, on the First signal, and then ignore the next signals...
Thank you for great system and explanations
Now I'm sure we are on the same page.
  • #63
  • Edited 11:00am Oct 18, 2017 10:50am | Edited 11:00am
Guys,

Attached is the new EA version 1.1, the new features are:

  1. TakeProfitAtOppositeSignal parameter : enable it to take profit at opposite signal. It can work :

    1. with the hard TP: in this case the first to be triggered will take profit
    2. without the hard TP (set it to 0) : in this case, take profit will occur at opposite signals only



  2. MaxOpenedTrades parameter : by default it is =1 and it means the EA will take one trade/signal at a time by default.
    You can increase it to allow more opened trade and such take more signals. It can be a reconfirmation signal or an opposite.
  3. AdditionalLotSize parameter : if you allow more than one trade, all additional trades will use this lot size.
  4. UseTradingTimes parameter : if enabled, the EA will trade between TradingBrokerStartTime (GMT) and TradingBrokerEndTime (GMT) only. In this case, please setup your broker gmt time in BrokerGMT.
  5. Signals are now valid on candle close only to avoid too much false signals.


Don't hesitate to test it and send us your feedbacks
Please don't use this EA on live account, it's not enough tested yet.

Attached File(s)
File Type: ex4 DD-channel-MA-1.1.ex4   35 KB | 747 downloads
  • #64
  • Oct 18, 2017 11:34am Oct 18, 2017 11:34am
Quoting damiend
Don't hesitate to test it and send us your feedbacks Please don't use this EA on live account, it's not enough tested yet. {file}
Damian, by the looks of it you included all that's been discussed, thank you! I will immediately start testing it across all pairs, to see how it behaves & get back to you guys with feedback when I have it. Looking forward to your suggestions or comments, if any.
A question: did you manage to implement the "delayed entry" concept? What is the rule you used, to determine if a signal should NOT be taken immediately by the EA, but use a delayed entry instead? Is it a pending order?
P.S. the EA set on all pairs gave an overall 200pips maximum profit today (in equity, all pairs combined) I think it's not bad, given the fact that we had a few losses too, and about 50pips were lost in the spreads used to open so many pairs... Looks like we're on the right track!
  • #65
  • Oct 18, 2017 11:47am Oct 18, 2017 11:47am
I tried creating an EA based on MickeyMar concept......hope it helps.
see attached
cheers
Attached File(s)
File Type: ex4 AMA.ex4   230 KB | 519 downloads
  • #66
  • Oct 18, 2017 11:48am Oct 18, 2017 11:48am
Mickey,

Yes good result, we are on the right track
I have backtested it on GU and the result looks good but I will take some time to test more than that. I noticed that the takeProfit when opposite signal alone is not the best option, as you said it's not as efficient as a hard TP most of the time. But let's test more and we will see.

The delayed entry system is implemented since the first version, and is enabled by default with UseDelayedEntries=true input param. It can be turned off to make some tests and compare the results with and without it if needed
It is not using a pending order because when you get the signal, you don't know what will be the level/price to place the pending order yet. Instead of that, the EA memorizes the sell and buy signals and wait for the price to touch the 33EMA to enter at market. Every time there is a new sell or buy signal to delay, it will overwrite the previous one.
I hope I'm clear enough, else don't hesitate to tell me.
  • #67
  • Oct 18, 2017 11:50am Oct 18, 2017 11:50am
Quoting elsar
I tried creating an EA based on MickeyMar concept......hope it helps. see attached cheers {file}
the settings can be tweaked to improve it..play with them.......used hidden trailing stop and stoploss to hide from broker
  • #68
  • Oct 18, 2017 12:03pm Oct 18, 2017 12:03pm
Quoting damiend
. Instead of that, the EA memorizes the sell and buy signals and wait for the price to touch the 33EMA to enter at market. Every time there is a new sell or buy signal to delay, it will overwrite the previous one. I hope I'm clear enough, else don't hesitate to tell me.

Thanks for your effort and for Ea ... but regarding delay entries is this entry correct? (the 0.51lot one)...I've enabled it but if understand right we had to wait price touch 33 EMA... or not?
Thnaks
Regardshttps://i.gyazo.com/cb4f68da4a62036a...a28323c1a0.png
  • #69
  • Oct 18, 2017 12:31pm Oct 18, 2017 12:31pm
Cescof,
Your delayed entry is not correct, you must wait for the price to touch the 33ema.
Did you place this order manually or is it from the EA?
  • #70
  • Oct 18, 2017 12:35pm Oct 18, 2017 12:35pm
Quoting damiend
Cescof, Your delayed entry is not correct, you must wait for the price to touch the 33ema. Did you place this order manually or is it from the EA?
Off course I've posted it cause it was Ea related....
I'll go to check for next orders... And of course I will check new updates... but that's order was wrong..
Thanks again
  • #71
  • Oct 18, 2017 12:38pm Oct 18, 2017 12:38pm
Quoting damiend
Mickey, Yes good result, we are on the right track I have backtested it on GU and the result looks good but I will take some time to test more than that. I noticed that the takeProfit when opposite signal alone is not the best option, as you said it's not as efficient as a hard TP most of the time. But let's test more and we will see. The delayed entry system is implemented since the first version, and is enabled by default with UseDelayedEntries=true input param. It can be turned off to make some tests and compare the results with and...
Ah I can see that I forgot to explain how the current condition for the EA to delay an entry works.
An entry is delayed if the SL would have been below the Channel high for a Sell, or above the Channel low for a buy. In others words, if the SL is not on the other side of the Channel, the entry is delayed because it's not secure enough.
  • #72
  • Oct 18, 2017 12:40pm Oct 18, 2017 12:40pm
Quoting cescof
{quote} Off course I've posted it cause it was Ea related.... I'll go to check for next orders... And of course I will check new updates... but that's order was wrong.. Thanks again
Not sure it's wrong, sorry. See my previous post.
If the SL was set above the channel, the entry is correct.
  • #73
  • Oct 18, 2017 1:02pm Oct 18, 2017 1:02pm
Quoting damiend
I hope I'm clear enough, else don't hesitate to tell me.
Crystal clear Damian, all I wanted to know was how you implemented the rule into the EA. I got your answer, it's perfect the way you did it.
Let's see how it goes, the EA is on now, I will watch the equity curve on the basket of pairs.
Cheers and thanks again!
  • #74
  • Oct 18, 2017 1:20pm Oct 18, 2017 1:20pm
Quoting damiend
{quote} Ah I can see that I forgot to explain how the current condition for the EA to delay an entry works. An entry is delayed if the SL would have been below the Channel high for a Sell, or above the Channel low for a buy. In others words, if the SL is not on the other side of the Channel, the entry is delayed because it's not secure enough.
That's exactly the rule I used, so it's correct from my side. I was thinking of making that rule "10pips beyond the channel", to be even more sure, but I guess the difference is negligeable. We will still get stopped out many times, the important thing is to keep the good trades going... and going...
I still haven't seen any delayed entry, but there will be this end of week, for sure.
The EA now opens trades after the candle close, so no more trades taken before the signal is printed. Good job Damian.
THanks also Elsar, for your EA - I will see if I can test it in parallel. Any extra feature, compared to Damian's work?
  • #75
  • Oct 18, 2017 3:36pm Oct 18, 2017 3:36pm
Quoting elsar
I tried creating an EA based on MickeyMar concept......hope it helps. see attached cheers {file}
hello thanks god ea
can you add trading hours
  • #76
  • Oct 18, 2017 3:37pm Oct 18, 2017 3:37pm
Hi MickeyMar,

Thank you for the nice system. Hope, we can make some green pips with this system.

Roy
  • #77
  • Oct 18, 2017 3:47pm Oct 18, 2017 3:47pm
Quoting elsar
{quote} the settings can be tweaked to improve it..play with them.......used hidden trailing stop and stoploss to hide from broker
Could you give some explanations about the parameters, please. Some are self explanatory like the MA settings. But other like basketprofit, newstop need some explanation for me.

thanks in advance

Jan
  • #78
  • Oct 18, 2017 3:49pm Oct 18, 2017 3:49pm
Hi damiend,

Thanks a lot for your latest version of the Channel MA EA.

In my chart I have set the trading time from 05:00 GMT to 18:00 GMT (broker time). But now I see that that the EA started trading from 22:00 GMT (broker time). Is it because of some bug in the EA?

Is there any possibility of converting this EA in to an 'one chart basket trading EA' ?

Thanks in advance.

Roy
  • #79
  • Oct 18, 2017 5:54pm Oct 18, 2017 5:54pm
hi Mickey,
please correct me if i got you wrong just want to get the difference between Delayed Entry and Reconfirmation Signal.

1) Delayed Entry => Crossover happened on extreme volatility.We do not enter at the end of push at first crossover,
we wait for a pull-back when price touches again the signal 33EMA. Then we enter.
At your example was there a Delayed Entry? (file attached below)

2) Reconfirmation Signal => What this signal is? and when it is formed for us?
Is it a swing point on red signal line that touches 55EMA and points out in the direction of first signal?

3) Why it is not a Reconfirmation Signal at this example?
Becausered line doesn’t touch the upper blue line?

Many thanks in advance
Attached Image (click to enlarge)
Click to Enlarge Name: reconfirmation-first-1.jpg Size: 303 KB
  • #80
  • Oct 18, 2017 7:34pm Oct 18, 2017 7:34pm
Well for me delayed entry is same as pullback, the price moves strongly with the trend, goes back close to ma's and you enter on pullback.
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