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Channel MA Short-Term System

  • #121
  • Oct 19, 2017 3:16pm Oct 19, 2017 3:16pm
Thankyou for all your hard work Mickey & being generous enough to share this outstanding & simple system here with all of us. Big thanks also to Damiend for his EA. Greatly appreciated & look forward to trading this system. Subscribed
  • #122
  • Oct 19, 2017 5:03pm Oct 19, 2017 5:03pm
Quoting damiend
Guys, Attached is the new EA version 1.1, the new features are: TakeProfitAtOppositeSignal parameter : enable it to take profit at opposite signal. It can work : with the hard TP: in this case the first to be triggered will take profit without the hard TP (set it to 0) : in this case, take profit will occur at opposite signals only 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...
Hi Damiend,, thanks for this EA. I am having trouble with downloading and then uploading into my MT4 platform. when I click on the download it appears on my footer but it does not then load into the correct folder which means that the MT4 platform does not find it. any suggestions?
Just trying to put a kiss on the cheek of success
  • #123
  • Edited 6:08pm Oct 19, 2017 5:42pm | Edited 6:08pm
I have the following

Is the ea loaded unto the 15 minute chart ONLY?

Do we have to load the ea unto every chart we want it to trade?


the broker I'm using is GMT 3....are these the correct trading times (attached)?
Attached Image (click to enlarge)
Click to Enlarge Name: Expert Advisor.PNG Size: 22 KB
  • #124
  • Oct 19, 2017 8:19pm Oct 19, 2017 8:19pm
Quoting kaiser soze
I have the following Is the ea loaded unto the 15 minute chart ONLY? Do we have to load the ea unto every chart we want it to trade? the broker I'm using is GMT 3....are these the correct trading times (attached)? {image}
Yes you need to load on every chart
Early bird gets the worm
  • #125
  • Oct 19, 2017 8:47pm Oct 19, 2017 8:47pm
Quoting Sidric
I like this system for avoiding choppy markets, here is my simple contribution to this thread. An arrow indicator for any time-frame... no alerts though.. i personally don't like them {image} {file}
Hi Sidric, is it possible to add alert option for the cross.TIA
Early bird gets the worm
  • #126
  • Oct 19, 2017 9:43pm Oct 19, 2017 9:43pm
Fantastic System and thank you very much for sharing!
Any one tried on 5 min time frame?
What goes up will come down...
  • #127
  • Oct 19, 2017 10:01pm Oct 19, 2017 10:01pm
OK, this should be fun.

This is my first attempt at using the EA's. Thanks so much to Damiend & Elsar for their work.

Here are pics of AMA's closed trades on UsdJpy. 29, to be exact. All opened & closed within 16 minutes. What's even more astonishing, there was only one BE, and 2 tiny losses. Grossing $110, based on $1/pip. If you can find out how to duplicate this, we will all be retired in short order.

Below are, Trade Item List, M15 pic, M1 pic showing all trades with arrows and yellow trend lines, joining opens & closes, & EA Settings
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-10-19 at 9.37.57 PM.png Size: 63 KB
Click to Enlarge Name: Screen Shot 2017-10-19 at 9.50.10 PM.png Size: 40 KB
Click to Enlarge Name: Screen Shot 2017-10-19 at 9.51.18 PM.png Size: 53 KB
Attached Image
  • #128
  • Oct 19, 2017 10:49pm Oct 19, 2017 10:49pm
Quoting sam68
Fantastic System and thank you very much for sharing! Any one tried on 5 min time frame?
5Min testing in progress,will update
Early bird gets the worm
  • #129
  • Oct 19, 2017 11:27pm Oct 19, 2017 11:27pm
Quoting diamonddbw
OK, this should be fun. This is my first attempt at using the EA's. Thanks so much to Damiend & Elsar for their work. Here are pics of AMA's closed trades on UsdJpy. 29, to be exact. All opened & closed within 16 minutes. What's even more astonishing, there was only one BE, and 2 tiny losses. Grossing $110, based on $1/pip. If you can find out how to duplicate this, we will all be retired in short order. Below are, Trade Item List, M15 pic, M1 pic showing all trades with arrows and yellow trend lines, joining opens & closes, & EA Settings {image}...
Awesome performance. Maybe it's time to put in an order for the Porsche 911 you always wanted. My concern, being in the US with 50:1 leverage, would be margin. What was your margin percentage with 2.9 lots in play?
  • #130
  • Oct 20, 2017 12:53am Oct 20, 2017 12:53am
Quoting diamonddbw
OK, this should be fun. This is my first attempt at using the EA's. Thanks so much to Damiend & Elsar for their work. Here are pics of AMA's closed trades on UsdJpy. 29, to be exact. All opened & closed within 16 minutes. What's even more astonishing, there was only one BE, and 2 tiny losses. Grossing $110, based on $1/pip. If you can find out how to duplicate this, we will all be retired in short order. Below are, Trade Item List, M15 pic, M1 pic showing all trades with arrows and yellow trend lines, joining opens & closes, & EA Settings {image}...
Hi Diamond,
Honestly I don't follow, I have no idea what AMA is, and in general what the above has to do with the system we're discussing in this thread. This sounds more like a scalping strategy
Please, don't take it the wrong way, but if what you are trading is not directly related to the MA channel system let's discuss it in a more general thread? I imagine there are other traders who want to trade the system, and the offtopics tend to get them off-track.
Thanks!
  • #131
  • Oct 20, 2017 12:58am Oct 20, 2017 12:58am
Quoting Joseph95
{quote} Hi Mickey, which pairs are you looking now? Do you change it sometimes? And why? I would like to test it too, but with your same pairs. Cheers!
All pairs Joseph, since I'm still testing the EA. Manually I traded EURUSD, USDJPY, GBPUSD. When I start trading live i will probably reduce it to about 10, so as not to expose too much from the start.
  • #132
  • Oct 20, 2017 1:20am Oct 20, 2017 1:20am
@cescof
Yes, it was a manual entry and closed at +11 pips as i had to go away from computer. I don't like trades to be managed by an ea.
And i also prefer to take some entries at 50% fibo when price has retraced into the channel. It might be interesting if this could be added in EA as options.
Best regards,
A
  • #133
  • Oct 20, 2017 1:37am Oct 20, 2017 1:37am
Hy.. last night many orders was opened by Ea ... some closed by tp and other by sl.
I've chose to take 2 charts for each pair and put Ea with different setting in delayed order true and false to see the difference.
In the screenshot below you can see USD/JPY chart one with delayed set to true with order delayed rightly and the other one with same signal but no order entry...
What's wrong?
I really like this system but as i said before i think great improvement could be trailing and ADR %stop. Every pair is different and also ema channel is different so i think tht's this kind of order management coudl be really useful..

https://i.gyazo.com/fd228c4955040d8c...57625619bb.png

https://i.gyazo.com/16525c9c21c63a76...a77123651b.png

Best regards
  • #134
  • Oct 20, 2017 1:43am Oct 20, 2017 1:43am
Hi MM, have to give you the credit for this sys, im trading similar sys for living for abt 2 years, but your helps me to void choppy market very well, i generally use higher time frame to guide my trading from 4H to 15 min, now im more confident with combination with your sys, once again Thanks to you. just a brief abt my sys, i use 60 EMA and 34 EMA ,both EMA should be align from 4h to 15 min, and must close above or below daily opening, This way i stay with the trend, not toconfuse everyone with my sys,ill just focus here with your sys, your method is a great way to avoid ranging market. Thanks again for you contribution.
Early bird gets the worm
  • #135
  • Oct 20, 2017 2:44am Oct 20, 2017 2:44am
Quoting cescof
Hy.. last night many orders was opened by Ea ... some closed by tp and other by sl. I've chose to take 2 charts for each pair and put Ea with different setting in delayed order true and false to see the difference. In the screenshot below you can see USD/JPY chart one with delayed set to true with order delayed rightly and the other one with same signal but no order entry... What's wrong? I really like this system but as i said before i think great improvement could be trailing and ADR %stop. Every pair is different and also ema channel is different...
Yes that's the way I coded it. If UseDelayedEntries is disabled, the EA won't take these kind of setups where SL is not at the opposite side of the channel, it would be too risky.
  • #136
  • Oct 20, 2017 2:50am Oct 20, 2017 2:50am
Quoting pet3250
{quote} Hi Damiend,, thanks for this EA. I am having trouble with downloading and then uploading into my MT4 platform. when I click on the download it appears on my footer but it does not then load into the correct folder which means that the MT4 platform does not find it. any suggestions?
On your MT4 software, click on file > open data folder. In this folder, copy the EA file in MQL4 > Experts folder. And restart your MT4.
Or search in Google for "metatrader 4 install EA" to know more.
  • #137
  • Edited 3:14am Oct 20, 2017 2:54am | Edited 3:14am
Nice system and nice way to control chop somehow. Thanks for sharing, MickeyMar and thanks damiend for the EA.
  • #138
  • Oct 20, 2017 3:29am Oct 20, 2017 3:29am
Quoting damiend
{quote} Yes that's the way I coded it. If UseDelayedEntries is disabled, the EA won't take these kind of setups where SL is not at the opposite side of the channel, it would be too risky.
Ok thanks i tought the opposite... delayed entry as a sort of protection and not delayed entry in any case.... maybe could be better or not??
In a sense that if you want be more conservative you can use delayed but if you wanna try to catch entire trend you can chose to enter even if hig volatility... and use sl
This my 2 cents
Thanks
Regards
  • #139
  • Edited 4:13am Oct 20, 2017 3:49am | Edited 4:13am
Guys, this indicator should indicate the "banking levels" or, in order to understand each other, important levels: levels where the price made spikes in the past or important reversions... in the inputs you can choice the amount of days to analize, max 10. I suggest you 6. When you'll load this, you' ll see that sometimes these levels forms a "cage", when this cage it's broken (before that the price could go up and down blocked in this cage or retrace ecc), the price goes straight to the next higher or lower level: So when there is space between these levels, it's a good thing, it's "tradable space" and the price seems like it's free to move strong.

I have noticed that these levels are good targets: instead of taking only 40 pips each trade, we could set targets where this level is, and achieve for example 60, 70 pips or much.

Only my thoughts. Maybe i'm wrong, load it and give it a look please.
Attached Image (click to enlarge)
Click to Enlarge Name: Immagine.png Size: 139 KB
Attached File(s)
File Type: ex4 Pira-SoglieHL.ex4   9 KB | 444 downloads
  • #140
  • Oct 20, 2017 4:39am Oct 20, 2017 4:39am
Hi damiend. Your EA looks nice. Can I suggest to add a trailing stop after BE option to it? I would like to try it on shorter TFs and I have the impression that trailing would give nicer results. Thank you
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