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Channel MA Short-Term System

  • #401
  • Oct 27, 2017 4:19pm Oct 27, 2017 4:19pm
the new EA give even better results on back test
tried the EA on live most jpy pairs and cross pairs give less resaults
i think most trades that the EA took and went to sl was at good profit in some point
so it's better to monitor & close profit trades even when they are at 20 pips profit then they
will reverse to lose or to 1 pip BE
thank's demien
  • #402
  • Oct 27, 2017 6:13pm Oct 27, 2017 6:13pm
MaxOpenedTrades - does it apply for overall opened trades or just the pair that is running this EA?

Thanks.
  • #403
  • Oct 27, 2017 7:22pm Oct 27, 2017 7:22pm
Quoting damiend
Attached is a new EA version 1.3 with some bugs fixes : fix for pip value calculation, the EA should work with more Symbols and brokers added a check to MaxOpenedTrades in "Trade now" button feature fix to keep the delayed entries signals in memory properly until the SL is tight enough to take the trade or if another signal appears And a two new features: At the EA init, it will scan for a delayed entry in the past that is still valid. If it finds one, the delayed entry will be traded as per usual EA rules A new DelayedEntriesStrategy input parameter...
You're great. :-)
  • #404
  • Oct 28, 2017 7:38am Oct 28, 2017 7:38am
Quoting damiend
I did a quick test on pair (GU) from 2015.01.01 to 2017.10.01 (Max 2 trades: 0.1 lot for the 1st, 0.05 the 2nd) With version 1.22, the result was a 2193.49 profit and 19.09% drawdown {image} And the same test with version 1.3 using DelayedEntriesStrategy=25GWT and DelayedEntriesAtXPips=5. The result is a 2844.07 profit and 16.65% drawdown {image}
+++++++++++++++++++++

Excellent Damiend.

Did you use time constraints for testing on GU? And were your targets 40 TP & 40 SL?
  • #405
  • Oct 28, 2017 11:52am Oct 28, 2017 11:52am
I don't know if it's just me, but backtesting the last year with 99% Tickstory data I can't find a pair that makes profit with default settings?
  • #406
  • Oct 28, 2017 1:01pm Oct 28, 2017 1:01pm
Hi everyone ... and thank you! In my opinion I have to put filters not so much on the ea but the method .... above the mobile average 200 only long ..... you say ???
  • #407
  • Oct 28, 2017 3:57pm Oct 28, 2017 3:57pm
Hello Traders,

I've been a lurker on FF for quite a long time and this thread has sparked such an interest for me that I had to formally sign up and join in the conversation.

Firstly, A massive thank you to Mickey for bringing this to my/our attention, its very much appreciated. I too have been searching for a simple MA system like this and was hell bent on finding it but you have beaten me to it lol. I have been studying the charts with this set up and just love what I see, this suits my trading style perfectly so thanks again.

Personally I would never rely on any EA as for me it cuts out the fun in trading. And of course there is no better indicator than the human brain so I want to be the decision maker on every trade I take. I appreciate this is why you Mickey brought the idea here in the first place to seek an EA but I shall be using this manually and I don't think you will ever beat that in my opinion. But your desire for an EA has brought this method to us all so I'm very grateful.

Further to the above I wont be relying on the immediate EMA cross for entry either as its a bit late for me so I will only be looking to take the delayed entries. I want to see a pull back first before getting in.

With the above said I want to share how I will be trading this method which may be of interest to others. It's certainly worth looking at and I hope it helps.....

In addition to the use of MA's I like analysing and trading price action off major price levels so I like to use the Quarters Theory. I use the Quarters Theory indicator on my charts which is available here in FF which was kindly created by Swing Man - https://www.forexfactory.com/showthread.php?t=567962

Analysing these levels can provide that extra confluence when using this MA method when trading the delayed entries. In some cases you could even get in before the cross happens. For example when the 33 ema looks like its very close or about to cross over one of the 55ema's, as per the rules, you can see price cross and pull back to the quarters levels and continue in your direction.

Its worth adding the indicator to your charts just to have a look and you will see exactly what I mean.

Please note I'm in no way trying to hijack this thread. I just want to try and help and offer what I can see through this combination of indi's which provides that extra confluence to this method. I wanted to share to show my gratitude to Mickey.

All the best,

Hissy
  • #408
  • Oct 28, 2017 8:10pm Oct 28, 2017 8:10pm
Quoting forexbandit7
My Manual trading this system on 5 min chart. looks good but thinking of exit plan if thing go wrong.. {image}
Try using a 10 or 14 ema price cross
  • #409
  • Oct 28, 2017 10:10pm Oct 28, 2017 10:10pm
Quoting Hissy
Hello Traders, I've been a lurker on FF for quite a long time and this thread has sparked such an interest for me that I had to formally sign up and join in the conversation. Firstly, A massive thank you to Mickey for bringing this to my/our attention, its very much appreciated. I too have been searching for a simple MA system like this and was hell bent on finding it but you have beaten me to it lol. I have been studying the charts with this set up and just love what I see, this suits my trading style perfectly so thanks again. Personally I would...
Yes you are right, we cant just take all crosses to enter the trade, ive been trading something similar also, not to hijack this thread,we have to see what the higher time frame price action doing also, i always check 2 to 3 higher time frame before pulling the trigger, for me ill prefer manual trading VS EA, i make sure higher time frame channel are also align with 15min, and i always wait for the price to pull back, i have and very old EA that will alert when retrenchment is present on my prefer time frame by checking higher time frame, so when ever my EA alert me with pop up msg, ill just double confirm one more time before pulling the trigger, in this way i minimize my exposure to too many pairs and limit my risk, best is to go with 4hr, make sure 4hr,1hr and 3 min are below/above the channel .. but MM method really help me to avoid ranging market and keeps me in the trade. the credit goes to him for opening up this thread, we are here to help to fine tune this method. im not against EA trading , it up to individual traders , for me ive plenty of time to sleep on me PC and observe the market.always watch the higher time frame sup/ress area. green pips to all
Early bird gets the worm
  • #410
  • Oct 29, 2017 4:22am Oct 29, 2017 4:22am
in my tests the EA doesn´t open the trade when the arrow is printed, but later. How to open a trade just when the arrow apperars?
  • #411
  • Oct 29, 2017 5:15am Oct 29, 2017 5:15am
Quoting Hissy
Hello Traders, I've been a lurker on FF for quite a long time and this thread has sparked such an interest for me that I had to formally sign up and join in the conversation. Firstly, A massive thank you to Mickey for bringing this to my/our attention, its very much appreciated. I too have been searching for a simple MA system like this and was hell bent on finding it but you have beaten me to it lol. I have been studying the charts with this set up and just love what I see, this suits my trading style perfectly so thanks again. Personally I would...


2 great posts from hissy and forexbandit lets hope that we can add indicator to ea.
thread is going from strength to strength what time of day do you guys trade are you both pro traders or part time.

Cheers Paul
  • #412
  • Oct 29, 2017 10:47am Oct 29, 2017 10:47am
Hello MickeyMar first off congrats on a very interesting strategy and for starting this thread. I have followed a similar MA cross over strategy in my manual trading and it's been successful some of the time but not all of the time, so this is a very interesting approach to trading the MA cross.

I am one of those traders from the CCFp basket trading thread and I trade baskets successfully live, so I will be following and testing this strategy to see how to incorporate it in basket trading.

I have been testing the EA running some back tests on the major pairs testing out different settings to find one that will work successfully overall, and so far the results are impressive with a good 10-20% growth with minimal DD.

If this is sustainable long term this can be a powerful and profitable strategy and I can see myself on a yacht in the Caribbean very soon one day!
Truth is like poetry. And most people f*cking hate poetry.
  • #413
  • Oct 29, 2017 11:47am Oct 29, 2017 11:47am
Quoting mrdfx
Hello MickeyMar first off congrats on a very interesting strategy and for starting this thread. I have followed a similar MA cross over strategy in my manual trading and it's been successful some of the time but not all of the time, so this is a very interesting approach to trading the MA cross. I am one of those traders from the CCFp basket trading thread and I trade baskets successfully live, so I will be following and testing this strategy to see how to incorporate it in basket trading. I have been testing the EA running some back tests on the...
HI
What settings are you using for backtest?
  • #414
  • Oct 29, 2017 12:31pm Oct 29, 2017 12:31pm
Quoting ordosgoitia
{quote} HI What settings are you using for backtest?
Here it is but be aware this was through back tests only. This week I'll be testing with different settings so this setting could change depending on what I see and learn and from live results.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-10-29 at 3.29.57 PM.png Size: 153 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #415
  • Oct 30, 2017 4:08am Oct 30, 2017 4:08am
I was away for a while (personal stuff) and only now was able to catch up with the thread. Wow... I am again congratulating myself for puttting this system here, seeing that many of you guys are putting it to good use and selflessly sharing your experience and ideas. I really appreciate it!

I have been testing with 1.2 many pairs, with active trailing stop. I like what I see. The trades are almost all stopped out, many in profit. I will share the statement and settings at the end of the week.
My live trading with the EA went really bad the first 2 days, I took some quick losses (the entry moment was badly chosen) so I traded manually to recover. Due to this I don't have relevant live experience with the EA yet... Soon...

I appreciate the input and view of kxeroo. Indeed, I am of the opinion that better is often times the enemy of the good, and having traded this system manually for years (successfully) I feel some discretion should also be used. A robot is best put at use when subjected to the will of a human We can't ask that this EA should be able to cook for us, too
So I agree we should not try to swing every detail of the system until it looks good on EA testing. Backward testing is of no value when it comes to future results. What I discovered (the system) was done using the logic and experience of the market and working with EAs. Now Damien's 2015-2017 testing with such good results is for me very valuable exactly because it was not done "backwards" and fit to give profits - the system existed before 2015, and it gave profit "in the future", not in the past.

But there are some "tweaks" which I'd really like to explore further Bandit's M5 trading is amazing, in my opinion. I thought of it too, and tried to follow to see if it works, but didn't want to divert my attention from the system, and my experience with THESE signals. These M5 signals should work very well with the timing settings (only active sessions), and the trail option. I would really appreciate bandit if you could gather some, say, 100 trades and then share those results with us in a nice sheet All taken with the same setup on M5.
Also the multi-timeframe idea is fantastic - but I don't know how difficult it is to implement. I have another system based exactly on multi-timeframe (also based on MAs) but I'm unable to still trade it due to this difficulty... maybe soon I will share that with you as well, as it is the only system i used long enough to be worth sharing (apart from this channel MA system and manually trading the Elliott Wave setups).

I also appreciate Diamond's sharing of his results, please keep it up diamond, we need a longer test period to draw relevant conclusions (same as Bandit's M5 setups).

Busted - is that real trading or demo? great results man!

The default EA settings are not necessarily the best - I think Damiend never said that they were. You guys should take from there what suits your trading style and preferences. But please share the best results, so we can test on our end too.

You guys really rock!
  • #416
  • Oct 30, 2017 5:02am Oct 30, 2017 5:02am
Here is an EA for signal, please take note and pay attention . DO NOT TAKE OPEN TRADE BASED ON THIS EA SIGNAL!,

This EA will just check for the higher time frame EMA alignment for you, im not a coder so i just adjust the time frame i want it to check for me to alert for retracement on 15 Min.

Once you have a pop alert ,1. check your 15m chart 33 EMA is outside the channel,2. dont trust this EA, go to the next few higher time frame to visually check all the EMA are align, (higher time EMA can be your fav EMA, for me i prefer 60,14,or 10.

3.Enter trade based on your preference ,market or pending buy/sell from the signal candle(retracement candle.


if some one can fine tune this EA based on MM method ,it will a be great help for all the traders.

Green pips to all
Attached File(s)
File Type: mq4 retracment EA.mq4   17 KB | 516 downloads
Early bird gets the worm
  • #417
  • Oct 30, 2017 5:29am Oct 30, 2017 5:29am
Quoting Amoore9900
{quote} Damiend, Does the EA have a min lot size? I had been running it on a demo account (and doing well) on a 0.1 lot and I tried to put it on my real account and lower the lot and it didn't take trades (the demo did).
No there's no min lot size in the EA, but your broker could have one.
  • #418
  • Oct 30, 2017 5:33am Oct 30, 2017 5:33am
Quoting erichmj
MaxOpenedTrades - does it apply for overall opened trades or just the pair that is running this EA? Thanks.
It applies to the pair where the EA is running only.

The function that counts the opened trades uses the pair and the configurable EA magic number. It means you could even have a MaxOpenedTrades per timeframe if you run the EA on multiple timeframe for the same pair, by setting a different magic number.
  • #419
  • Oct 30, 2017 6:00am Oct 30, 2017 6:00am
Quoting diamonddbw
{quote} +++++++++++++++++++++ Excellent Damiend. Did you use time constraints for testing on GU? And were your targets 40 TP & 40 SL?
I didn't use any time constraint for this test, I used UseTradingTimes=false.

The settings were: SL 30, TP 180, BE 25/15, and no TS.
I didn't have a time to make a lot of tests though, It can be improved for sure.
  • #420
  • Oct 30, 2017 6:22am Oct 30, 2017 6:22am
today not much of trade for me , only these
Attached Image
Early bird gets the worm
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