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Channel MA Short-Term System

  • #241
  • Oct 23, 2017 9:32am Oct 23, 2017 9:32am
Quoting elsar
{quote} forget about AMA. has some bugs . Use the the DD-channel by Damien
I had the same problems as Elsar, lots of loosing trades etc, where is the DD-channel system download? thanks in advance.
Just trying to put a kiss on the cheek of success
  • #242
  • Oct 23, 2017 9:54am Oct 23, 2017 9:54am
Quoting elsar
{quote} forget about AMA. has some bugs . Use the the DD-channel by Damien
Thank you for the response, the DD still hasn’t traded. Not sure why.
  • #243
  • Oct 23, 2017 9:55am Oct 23, 2017 9:55am
Quoting pet3250
{quote} I had the same problems as Elsar, lots of loosing trades etc, where is the DD-channel system download? thanks in advance.
#post 63
https://www.forexfactory.com/showthr...7#post10403187

@Mickey, please add the latest DD EA to post 1 so that we can get the latest from there instead of searching the thread (maybe other useful indi's too such as the modified MA crossover).
  • #244
  • Oct 23, 2017 9:58am Oct 23, 2017 9:58am
I've found using the strategy tester comes with lots of extra work. I began looking at results to eliminate NFP day trades, and found tester taking trades outside of time parameters. So if you choose to use MQ4's built in tester, it's important to do your own filtering.
  • #245
  • Oct 23, 2017 10:04am Oct 23, 2017 10:04am
Quoting damiend
{quote} 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
Damien, the main problem is the standard entries, because only then we could have (because of MA overlapping temporarily) a few valid signals within a short period of time, like the one that happened on audchf last week. I just don't want the EA to open many trades when in fact it's pretty clear that the signal was only ONE, and the repeated entries are just a technical glitch. There is nothing in the logic of the system that would justify 3 entries instead of 1 in this case.
I think you generally understood very well the system, and this request as well, so I leave it up to you to solve this the best and technically easiest way for you

Guys, we have 2 EAs, one of DamienD and the other one by Elsar. I appreciate the work of both of them, but I only used Damien's EA so far, because it works just fine and I think once these last modifications are made the EA as I saw it will be ready. It doesn't mean I don't agree to Elsar's, I just didn't use it.
Those of you who did - could you share your experience? does the EA do what it's supposed to do?

Starting today I am trading the EA live on 6 pairs (will add more later), but I keep an eye on the trades every 2-3 hours and will close manually. I reached the conclusion that an EA (no matter how many settings it may have) will not be able to close positions automatically better than I can do it manually. The EA helps me A LOT, because it opens my trades for me, and leaves me with the easier task of managing them. So THANK YOU again. But I will want to manually intervene in my trades, for best results. I don't mind that at all.
I am also continuing the test on all pairs on demo, with the objective of seeing how the system works if traded on a basket of pairs.
I will ignore the trolls and the questions that can be answered easily by reading the previous posts - because of lack of time. But I will continue to update on my live trading with the EA, and what I found to work after using the EA, as well as answering relevant questions, if I can. I appreciate all inputs on your live trading the system, and in general all constructive talk about this strategy.
Thanks again!
  • #246
  • Oct 23, 2017 10:16am Oct 23, 2017 10:16am
Quoting MoneyZilla
{quote} 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,...

Its true---everybody learns everything the hard way

good luck, regards
Live today like theres no tomorrow-- Prioritize like you will die today
  • #247
  • Oct 23, 2017 10:34am Oct 23, 2017 10:34am
I started testing the system on Friday and so far happy with it...73 pips so far...I'm trading 7 pairs

https://www.mql5.com/en/charts/77966...5-simplefx-ltd
  • #248
  • Oct 23, 2017 10:40am Oct 23, 2017 10:40am
Quoting sabbah
{quote} #post 63 https://www.forexfactory.com/showthr...7#post10403187 @Mickey, please add the latest DD EA to post 1 so that we can get the latest from there instead of searching the thread (maybe other useful indi's too such as the modified MA crossover).
Done!
  • #249
  • Oct 23, 2017 10:59am Oct 23, 2017 10:59am
Quoting MickeyMar
{quote} Done!
Thanks MM and Damien D, downloaded and installed.
Just trying to put a kiss on the cheek of success
  • #250
  • Oct 23, 2017 11:06am Oct 23, 2017 11:06am
Quoting MickeyMar
{quote} .... (re: AMA EA) Those of you who did - could you share your experience? does the EA do what it's supposed to do?....
+++++++++++++++++++++++++++

Not yet. Post 127
  • #251
  • Oct 23, 2017 11:12am Oct 23, 2017 11:12am
Quoting diamonddbw
{quote} +++++++++++++++++++++++++++ Not yet. Post 127
yes but:

Quoting elsar
{quote} forget about AMA. has some bugs . Use the the DD-channel by Damien
Thanks for the contribution, elsar!

So, let's focus our test on DD's EA only.
  • #252
  • Oct 23, 2017 11:20am Oct 23, 2017 11:20am
Quoting MickeyMar
{quote} ... I am trading the EA live on 6 pairs (will add more later), but I keep an eye on the trades every 2-3 hours and will close manually. ...Thanks again!
Beside the ones you mentioned in post 1 (UJ, EU and GU), what are the other 3 pairs?
  • #253
  • Oct 23, 2017 12:23pm Oct 23, 2017 12:23pm
Quoting sabbah
{quote} Beside the ones you mentioned in post 1 (UJ, EU and GU), what are the other 3 pairs?
For now, I started with EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF.
Not because they are necessarily "better", but because i know them better, and can manually adjust the trades with more accuracy.
in a second phase I will probably introduce: EURJPY, GBPJPY, AUDJPY, NZDJPY, EURGBP, EURAUD, EURNZD, EURCAD, GBPCAD. But until then, I will get the hang of the EA with these pairs, while waiting for the next version of the EA.
  • #254
  • Oct 23, 2017 12:50pm Oct 23, 2017 12:50pm
Today result since market opened last night...
28 pairs default setting with 35sl and 2 order per pair...
Not a good monday...
https://i.gyazo.com/539278634607d466...15f6dd995e.png
  • #255
  • Oct 23, 2017 12:56pm Oct 23, 2017 12:56pm
Quoting cesar8
{quote} Hi. Here the indicator is requested. {file} {file}
Hi Cesar8
It does not appear on the chart once I've attached it.
Do I have to do something ?+

Regards,
  • #256
  • Oct 23, 2017 1:34pm Oct 23, 2017 1:34pm
I am trading live now , two arrows should tell us something , I took a short after the retest , mental SL above previous high...
Correct me if I am wrong

Thanks again to all contributors
Attached Image (click to enlarge)
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What goes up will come down...
  • #257
  • Oct 23, 2017 1:36pm Oct 23, 2017 1:36pm
Guys it seems fit to create a discord channel for the thread.
What do you guys think? and only wiht mickey on board ofc.
Its easiaer to share stuff and we can even do share screen .
Pls post your opinion.
Ty.
  • #258
  • Oct 23, 2017 1:40pm Oct 23, 2017 1:40pm
Quoting sabbah
{quote} 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.

It breaks down like this. I’ll watch for more signs, but the program still reads stopped along the bottom, not sure why... that what I’m asking.
Attached Image (click to enlarge)
Click to Enlarge Name: 6E0A183D-372A-4177-86AC-2BAFB25D2650.jpeg Size: 1.9 MB
  • #259
  • Oct 23, 2017 1:53pm Oct 23, 2017 1:53pm
Quoting sam68
I am trading live now , two arrows should tell us something , I took a short after the retest , mental SL above previous high... Correct me if I am wrong Thanks again to all contributors {image}
Hi Sam,
2 arrows are not better than 1, actually. it's not a sign the trend or signal is stronger - it's just that 2 crossovers happened instead of 1.
My advice is to start with 1 trade open at the same time, which means you would take no re-entry signals unless the previous signal resulted in a profit or loss. MAX OPENED TRADES = 1
Yes, you can use manual variations of the system, if you failed to get the actual entry for any reason. But my advice is still to stick to the "first" signals, the ones that change direction, at first. Then add the reconfirmation signals once you start getting the "feel" of the strategy and you understand well how the system works.
Like any other system, this one has its flows, and it's good to get to know them in demo, not live trading.

Again - MY MAIN PURPOSE WAS TO TEST BASKET TRADING OF THIS SYSTEM, and see how I can adjust the regular settings of to basket trading. I'm still at the beginning of this task, demo trading a large basket and watching the equity. It's not bad so far, but it's still not in profit. It will take a few weeks to get some clear ideas and reach some conclusions.
  • #260
  • Oct 23, 2017 2:14pm Oct 23, 2017 2:14pm
Quoting Msmaximus
Guys it seems fit to create a discord channel for the thread. What do you guys think? and only wiht mickey on board ofc. Its easiaer to share stuff and we can even do share screen . Pls post your opinion. Ty.
I am very keen to hear from Mickey and to contribute and learn. The system is sound and worthwhile spending time to understand it. The EA is very useful and I want to understand as much as I can. If it would help to run a discord system then I am In.
Just trying to put a kiss on the cheek of success
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