Channel MA Short-Term System | Page 11 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need help with Regression Channel iCustom and channel breakout 0 replies

Why Trading Forex is So Difficult - Long Term vs. Short Term 84 replies

Short Term / Medium Term / Long Term? 3 replies

Simple Trading system for Intraday/short term 167 replies

MA Cross/RSI Short Term Trading System 29 replies

Attachments: Channel MA Short-Term System
Exit Attachments

Channel MA Short-Term System

  • #201
  • Oct 22, 2017 3:11pm Oct 22, 2017 3:11pm
After extensive testing on EU, Beginning in December, last year. I found the original settings to be the best. 40 TP, 40 SL, BE @+25 moving SL to +5.

This is trading only during a 9 hour window from 0900-1800. I think that GMT for this is 0700-1600. Not clear on that yet.

While I was testing, I also compared other three MA methods for 55. They all suck, BiG TiME !
  • #202
  • Oct 22, 2017 3:29pm Oct 22, 2017 3:29pm
Hello everyone. EMAS only applies for movements in trend. And with a good filter, they generate good signals. Here an example of an EMA of 21, with a filter of one of 100
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-22 GBP-USD.png Size: 36 KB
  • #203
  • Oct 22, 2017 3:48pm Oct 22, 2017 3:48pm
I wonder if I can suggest one more option for the EA i.e. to discard the main signals and take only the delayed entries which are supposed to happen at a better price. Of course that could leave out good main signals but it could be a chanced to test the strategy in a different way by reducing the risk. What do you guys think?
  • #204
  • Oct 22, 2017 4:04pm Oct 22, 2017 4:04pm
Quoting diamonddbw
{quote} +++++++++++++++++++++ Sounds like you're on a Mac. If so, simply close .txt file. Then find the file (probably in your downloads folder), single click on file name, to highlight (it should give title, followed by '.mq4.txt' [filename.mq4.txt] ) then delete .txt from name. Of course you can reverse this procedure to access the code, in case you want to look at it, or change it.
Thanks Diamonddbw, all sorted now and installed. I have loads of spare time on my hands and am going to start testing the Ea. I can spend up to 8 hours a day doing this if needed.
Apart from the installation process which I have now completed, do I need to adjust anything to set it up? also will it place trades automatically on any pairs that I have charts for? thanks, Peter.
Just trying to put a kiss on the cheek of success
  • #205
  • Oct 22, 2017 4:24pm Oct 22, 2017 4:24pm
Quoting pet3250
{quote} Thanks Diamonddbw, all sorted now and installed. I have loads of spare time on my hands and am going to start testing the Ea. I can spend up to 8 hours a day doing this if needed. Apart from the installation process which I have now completed, do I need to adjust anything to set it up? also will it place trades automatically on any pairs that I have charts for? thanks, Peter.
+++++++++++++
You're welcome.

EA works only on specific charts it's installed on (as far as I know). You may want to use different magic numbers on each chart with EA.
  • #206
  • Oct 22, 2017 4:36pm Oct 22, 2017 4:36pm
Quoting cesar8
Hello everyone. EMAS only applies for movements in trend. And with a good filter, they generate good signals. Here an example of an EMA of 21, with a filter of one of 100 {image}
Hi cesar8,
We look for the ATR indicator as it is on your chart. Can you give it to me ?

regards,
  • #207
  • Oct 22, 2017 5:21pm Oct 22, 2017 5:21pm
Quoting diamonddbw
After extensive testing on EU, Beginning in December, last year. I found the original settings to be the best. 40 TP, 40 SL, BE @+25 moving SL to +5. This is trading only during a 9 hour window from 0900-1800. I think that GMT for this is 0700-1600. Not clear on that yet. While I was testing, I also compared other three MA methods for 55. They all suck, BiG TiME !
+++++++++++++++++++

GU Best results were using 60-65 TP & 45 SL. Less, or more than 45 on GU had significantly worse results.
  • #208
  • Oct 22, 2017 5:52pm Oct 22, 2017 5:52pm
Diamonddbw, I am now testing and have noticed that the EA is not setting a SL or TP? do i need to set them in the properties section and if so to what values?
Just trying to put a kiss on the cheek of success
  • #209
  • Oct 22, 2017 6:03pm Oct 22, 2017 6:03pm
I should have said, it has now taken 6 trades and all are running.
Just trying to put a kiss on the cheek of success
  • #210
  • Oct 22, 2017 6:04pm Oct 22, 2017 6:04pm
Quoting 4fxonly
I wonder if I can suggest one more option for the EA i.e. to discard the main signals and take only the delayed entries which are supposed to happen at a better price. Of course that could leave out good main signals but it could be a chanced to test the strategy in a different way by reducing the risk. What do you guys think?
Yes, this is a very good idea - or program the EA to enter trades in 2 contracts ( 1st contract so we catch the big move if there is a no delay - we have to accept smaller profits ) , (the second contract would be when price touch the signal line..)
Both contract should have same TP / SL

Needless to say high risk = high reward so this option for conservative traders.

Thanks again
What goes up will come down...
  • #211
  • Oct 22, 2017 6:32pm Oct 22, 2017 6:32pm
Quoting sam68
{quote} Yes, this is a very good idea - or program the EA to enter trades in 2 contracts ( 1st contract so we catch the big move if there is a no delay - we have to accept smaller profits ) , (the second contract would be when price touch the signal line..) Both contract should have same TP / SL Needless to say high risk = high reward so this option for conservative traders. Thanks again
I think this is already implemented with the option to enable/disable the entry on 33. I was suggesting exactly the opposite i.e. to take only the 33 entry. which is usually on a retracement, and disable the entry on 55.
  • #212
  • Edited 8:35pm Oct 22, 2017 6:41pm | Edited 8:35pm
not sure if this has happened to anyone else, the EA just closed all of the trades in a single action, so no current trades open. any ideas what would have caused this?

1. internet working.
2. all pairs showing activity.
3. all pairs closed at the same time.
4. status is showing working

its now back to opening trades again so i will see what happens again.
Just trying to put a kiss on the cheek of success
  • #213
  • Oct 22, 2017 6:52pm Oct 22, 2017 6:52pm
Quoting diamonddbw
{quote} +++++++++++++ You're welcome. EA works only on specific charts it's installed on (as far as I know). You may want to use different magic numbers on each chart with EA.
I am not familiar with the magic number? what is it and why would i want to change it? Thanks.
Just trying to put a kiss on the cheek of success
  • #214
  • Oct 22, 2017 7:05pm Oct 22, 2017 7:05pm
Hi, i thanks to the author of this method.
I am looking fot the last version of EA in mq4 format. SOmebody can post it? I am a developer so i think that i can contribute to the developing and optimization.

Thanks in advance
  • #215
  • Oct 22, 2017 10:42pm Oct 22, 2017 10:42pm
I did Extensive testing on EU. I did some on GU. Below are best results for each. Test period, December 2016 through present. EU is first picture. Please keep in mind that testing this way is not a very accurate representation. Real results may differ, however if you're leaving trading up to an EA, it's going to be a challenge.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Best Result.png Size: 68 KB
Click to Enlarge Name: GU Best Result.png Size: 82 KB
  • #216
  • Oct 23, 2017 12:06am Oct 23, 2017 12:06am
Quoting Joseph95
{quote} What is the obvious way to trade it?
Mate, look at the last a couple of posts. The guys are struggling. And the is the backtest BS reality?!? Can you imagine what will happen on real trading?
- Slippages?
- Fridays?
- Some "unexpected" events?
- Some even expected?
- Not to forget about the news?
- Dedicated server down?
- VPS down?
- Data center down?
- MT4 server down?
- Internet down?
- Lost hard drive?
- Lost back-up(s)?
- Loving broker activities?
- Even more loving Liquidity Providers activities?

Hello?!? Houston, do you have a problem?

Trade it, the OBVIOUS WAY, mate. The channel is a super cool idea. You screw it all up, with the stupid MA cross. The MA cross (the "signal") you are using will never going to work, unfortunately. And do not use SL. Flip instead.
Maadik Hugiis. IQ 69.
  • #217
  • Edited 12:50am Oct 23, 2017 12:14am | Edited 12:50am
@MickeyMar, thank you for sharing your system. Nice and easy.

@damiend, excellent EA. Keep the good work coming.

And thanks to all other who shared other indicators too.

Managing trades is always the tough part of a good system. Leaving money on the table is frustrating. I think the priority now is making sure that the EA trade according to the original rules, backtesting and live testing for enough period before Mickey and Damiend can give the green flag to go live.

Maybe in the future Damiend can add more option for trade management, such as 1) using MA and/or ATR for TP targets and SL. 2) Add multi partial close option (by percentage of open trade, say TP1 20% @ 20pips, TP2 30% @ 40pips, TP3 30% @60pips and leave the remaining open , while moving the BE and trail stop on these TP levels). 3) option to place multi-order at same EP (I think multi-entry / multi-exit strategy is a good way to max locking profits).

PS. I'm not sure how the EA handles open trades calculations if/when we switch from TF to another. Say I have open trade triggered by a signal from M15 chart, then I switch to H1, will this affect the open trade (my understanding that the EA takes signal from the TF it is attached to. In this case, maybe an option to select the signal TF in the EA will be the safest way to manage open trades forward)

Anyway, good work here. I'll be following this thread with interest.
  • #218
  • Oct 23, 2017 1:02am Oct 23, 2017 1:02am
Quoting MickeyMar
DamienD, sorry to be a pain in the ass... but could you also add a simple ON/OFF button to the EA? It would be useful to simply turn off a certain pair if the situation in the market requires it, without having to remove the EA from the chart and lose the personalized settings... of course they could be saved, but if it's not too much trouble, I could use this simple setting (ideally placed first in the list). Thanks man... Have a good weekend!
I think this can be done already by just going to the 'Common' tab and unselect the "allow live trading" option.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot- 2017-10-23 09-03-49-020.jpeg Size: 50 KB
  • #219
  • Oct 23, 2017 1:18am Oct 23, 2017 1:18am
Hi cesar8,
We look for the ATR indicator as it is on your chart. Can you give it to me ?

Regards,
  • #220
  • Oct 23, 2017 1:29am Oct 23, 2017 1:29am
Quoting sabbah
{quote} I think this can be done already by just going to the 'Common' tab and unselect the "allow live trading" option. {image}
DUH... thank you Sabbah!
0 traders viewing now