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Channel MA Short-Term System

  • #221
  • Oct 23, 2017 1:58am Oct 23, 2017 1:58am
Quoting MoneyZilla
{quote}...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...
I'm not sure what your purpose is here, mate. With both your posts you have only managed to bash this system and have added nothing constructive. I would call it trolling so far, wouldn't you? I see you are an HI member but your behaviour doesn't seem to be in line with your rank, so either say something useful, beyond "trade it the obvious way", or stop posting. Fair enough (or not?)
  • #222
  • Oct 23, 2017 2:26am Oct 23, 2017 2:26am
Quoting 4fxonly
{quote} I'm not sure what your purpose is here, mate. With both your posts you have only managed to bash this system and have added nothing constructive. I would call it trolling so far, wouldn't you? I see you are an HI member but your behaviour doesn't seem to be in line with your rank, so either say something useful, beyond "trade it the obvious way", or stop posting. Fair enough (or not?)
I agree....no negative posts here
  • #223
  • Oct 23, 2017 2:58am Oct 23, 2017 2:58am
Quoting diamonddbw
Damiend, not clear on Broker Time Item. I thought you explained it, but unable to locate post. My broker time is GMT +5. I normally view London open at 0900. Should I change broker time to read 0700?
diamonddbw,
The start and end dates on the EA are GMT times. This way everybody could use the same times to specify london open and close (for example).
The GMT times for this session is from 7AM to 3PM, for the EA it would be 7:00 to 15:00.

The only different parameter we will have between us is the BrokerGMT (5 for you).
As a result, London open trades would start at 12AM with your broker (start GMT time: 7 + broker GMT shift: 5)
  • #224
  • Oct 23, 2017 3:30am Oct 23, 2017 3:30am
Quoting alicia19
{quote} What are your ideas to add Modern Times indicators to improve Richard Dennis 55 days /bars BO system? Below You can see the the AUDUSD 4H signal worked those time, but the SPY chart has failed a lot of times. ======================================== UPDATE: ACETRADER IDEA " Quoting acetrader Comoesta.... On the 15M tf try RSI @ 8 or 11. Higher tf such as 4H RSI @ maybe different setting. The RSI at 8 on 4H may help give you advance warning of a change. This is...
Guys, I had NO IDEA about other systems using this channel or the 55EMA. I don't claim any originality, I don't care about that, only about making this system automated and working profitably. This Dennis whatever system HAS ITS OWN THREAD. If you are interested in that, please just POST THERE and leave this system as it is for the people who want to trade it!! THANK YOU!
  • #225
  • Oct 23, 2017 5:38am Oct 23, 2017 5:38am
Maybe one more idea for the EA if possible... to add at least one or two more optional trading time windows, so we could avoid important news or slow sessions. I'm not sure if the suggestion to disable the autotrading temporarily is effective, as when enabling it again it could trigger trades that are not at the original price anymore (unless I'm wrong?).
  • #226
  • Oct 23, 2017 6:13am Oct 23, 2017 6:13am
Quoting madscalp
Hi all, I'm following this thread with interest. Congratulations to mickeymar about this system. For Renko's fans, here is a possibilty to trade the system but you need to change the EMA. I tried EMA 17 for high and low and 13 for signal. Of course, the number of winning pips is increased. {image}
This looks very nice....which tp and sl strategy do you use?
Vucking good EA coder... https://t.ly/AZjRM
  • #227
  • Oct 23, 2017 6:33am Oct 23, 2017 6:33am
Quoting alicia19
{quote} Peace.there is not need to be an asshole
There isn't any asshole at all. I think Mickey has been very clear in is explanation. The system and subject of this thread is pretty clear. Please repect it. Read all his posts and follow and help him. He shared with us a valuable estrategy, so let's help him to bring it on to a "catch-pips" machine. All toghether we can do it.


let's work!

toni
  • #228
  • Oct 23, 2017 6:45am Oct 23, 2017 6:45am
Hey Mickey
Ty for sharing the sytem wiht us i tink i finaly found one sytem that seems to work for me.
Can u pls share a little more if is not asking too much your money manegement, lot size that basic stuff that we all love to hear specialy if is from a true profitable trader
  • #229
  • Oct 23, 2017 6:50am Oct 23, 2017 6:50am
another manual trade sytem by Mickey
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15_LI.jpg Size: 1.0 MB
  • #230
  • Oct 23, 2017 6:52am Oct 23, 2017 6:52am
Quoting MickeyMar
{quote} 2) A frequency filter for the reconfirmation signals - I think this is important. let me explain: sometimes the signal MA and the channel MA are almost overlapping, and if price spikes a few times, the signal EA can actually make several crossovers in a very short time, resulting in unnecessary, excessive exposure. This is what happened last night on AUDCHF (see picture below, entries are marked by the EA). Solution: a filter (customizable, if possible) that would prevent any trades on the same pair to be open at less than, say, 20 pips...
Mickey,

I understand your point about the frequency filter.
I have thought about a solution and I'm not sure that setting a pip distance is the best one, as we could probably want to add on a winning position on a reconfirmation signal (that could be some hours or days after the first signal) even when the pip difference between trade #1 and trade #2 is less than X pips.

Instead could we use a minimum time between two valid signals parameter?
I mean if the first signal appears at 09:00AM, and MinTimeBetween2Signals=2 hour, we would not take into account a new cross until 11:00AM. The parameter could be a number of bars too, and will apply for standards entries only because delayed entries could be pretty fast.

What do you think of it?

Thanks
  • #231
  • Oct 23, 2017 7:12am Oct 23, 2017 7:12am
Quoting Msmaximus
another manual trade sytem by Mickey{image}
Hi maximus
I believe your trade is not in the rules.
You need a cross below the lower channel line for a short trade.
  • #232
  • Edited 8:56am Oct 23, 2017 7:31am | Edited 8:56am
Quoting damiend
{quote} Mickey, I understand your point about the frequency filter. I have thought about a solution and I'm not sure that setting a pip distance is the best one, as we could probably want to add on a winning position on a reconfirmation signal (that could be some hours or days after the first signal) even when the pip difference between trade #1 and trade #2 is less than X pips. Instead could we use a minimum time between two valid signals parameter? I mean if the first signal appears at 09:00AM, and MinTimeBetween2Signals=2 hour, we would not take...
Correct.
I closed a sell trade manually on EURCAD because the 33 EMA was in the channel.
Immediately the EA re-opens a sell trade ??????
  • #233
  • Oct 23, 2017 7:48am Oct 23, 2017 7:48am
Quoting vaxx
Hi cesar8, We look for the ATR indicator as it is on your chart. Can you give it to me ? Regards,
Hi. Here the indicator is requested.
Attached File(s)
File Type: ex4 ATR in Pips.ex4   4 KB | 315 downloads
File Type: mq4 ATR in Pips.mq4   3 KB | 360 downloads
  • #234
  • Oct 23, 2017 7:59am Oct 23, 2017 7:59am
Hello, I asked a question yesterday that has not been answered... but.
Today ive had the AMA by Elsar running, it took like 90 trades, all losing, all around .50 or less... None allowed a 40 pips Loss while none allowed a 50 point TP.
ive also had the DD EA running since 5pm last night, it has not taken one trade, it is set on GU and EU 15m, both show a smiley face in the top right contener, but at the bottom left it reads Stopped, while Elsars EA read working...
Please inform me if I’ve loaded it wrong.
  • #235
  • Oct 23, 2017 8:03am Oct 23, 2017 8:03am
Quoting madscalp
{quote} Hi maximus I believe your trade is not in the rules. You need a cross below the lower channel line for a short trade.
yes ur completly right ty for pointing that out i read again the sytem ^^
  • #236
  • Oct 23, 2017 8:41am Oct 23, 2017 8:41am
Quoting Msmaximus
{quote} yes ur completly right ty for pointing that out i read again the sytem ^^
Sometimes bad rules get good results
  • #237
  • Oct 23, 2017 8:46am Oct 23, 2017 8:46am
Quoting reteid2222
{quote} This looks very nice....which tp and sl strategy do you use?
I do not want to digress and talk about renko...
Briefly I think SL 40 pips but no TP....take the profit at OppositeSignal
  • #238
  • Oct 23, 2017 9:00am Oct 23, 2017 9:00am
Quoting Ayric
Hello, I asked a question yesterday that has not been answered... but. Today ive had the AMA by Elsar running, it took like 90 trades, all losing, all around .50 or less... None allowed a 40 pips Loss while none allowed a 50 point TP. ive also had the DD EA running since 5pm last night, it has not taken one trade, it is set on GU and EU 15m, both show a smiley face in the top right contener, but at the bottom left it reads Stopped, while Elsars EA read working... Please inform me if I’ve loaded it wrong.
Well, I don't know about your chart, but on my charts for EU and GU no trades because there are no signals. If you have the default template, do you see any arrows since market opened?

No idea about your issues with the EA's.
  • #239
  • Oct 23, 2017 9:04am Oct 23, 2017 9:04am
Quoting damiend
{quote} Mickey, I understand your point about the frequency filter. I have thought about a solution and I'm not sure that setting a pip distance is the best one, as we could probably want to add on a winning position on a reconfirmation signal (that could be some hours or days after the first signal) even when the pip difference between trade #1 and trade #2 is less than X pips. Instead could we use a minimum time between two valid signals parameter? I mean if the first signal appears at 09:00AM, and MinTimeBetween2Signals=2 hour, we would not take...
You're right Damien, what you say makes sense in the logic of the system. Yes, let's do like you propose, but let's make that setting editable, so each can adjust it to the number of candles they want.
Thanks for your efforts!
  • #240
  • Oct 23, 2017 9:12am Oct 23, 2017 9:12am
Quoting Ayric
Hello, I asked a question yesterday that has not been answered... but. Today ive had the AMA by Elsar running, it took like 90 trades, all losing, all around .50 or less... None allowed a 40 pips Loss while none allowed a 50 point TP. ive also had the DD EA running since 5pm last night, it has not taken one trade, it is set on GU and EU 15m, both show a smiley face in the top right contener, but at the bottom left it reads Stopped, while Elsars EA read working... Please inform me if I’ve loaded it wrong.
forget about AMA. has some bugs . Use the the DD-channel by Damien
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