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Channel MA Short-Term System

  • #501
  • Edited 8:42am Nov 2, 2017 8:05am | Edited 8:42am
Guys, i suggest you to go on the thread "Schaff Trend Cycle", i think it could improve very much this system.

Try these settings for basic Channel-MA:
Signal dotted LineM15 10,23,50,3
Signal normal lineH4 10,23,50,3

On the daily: (i see channel-MA can make THOUSANDS of pips when you catch the trend)
Signal dotted line D1: 10,23,50,3
Signal normal line W1: 10,23,50,3

Let me know what do you think!! Here you can see two examples with the basic system and daily version:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Immagine.png Size: 47 KB
Click to Enlarge Name: Daily.png Size: 43 KB
  • #502
  • Nov 2, 2017 8:11am Nov 2, 2017 8:11am
Quoting MickeyMar
DamienD, I have a request of my own, if possible, if it's not too much trouble... It was mentioned by 2 other members here, and I also like that idea a lot & would like to test it. How about if we introduce a filter that would only take the signals in the direction of a higher timeframe signal? Example: while the H1 chart is on a BUY signal (or price above the channel), the M15 takes only LONG trades and ignores the shorts. This could help, because we could set larger stops for our trades (being confirmed from "above") and keep them for...
Yes, that's not a big deal. I'm traveling this week so not sure you will have it, but beginning of next week for sure.

If I add one option like UseHigherTimeframeTrend where the values would be a predefined list with every timeframe from M5 to W1, would it be ok for everybody ?
Or do you need two options to filter using 2 highers timeframes?
I would like to keep it simple as much as possible.
  • #503
  • Nov 2, 2017 8:19am Nov 2, 2017 8:19am
Quoting TradeForexFx
{quote} LOL!! My Enforcer decided to pick up GBPJPY delayed entry and was stopped out 40 pips in 3 seconds. {image}
Damn it could have been a nice trade ;-)
Just a thought but maybe 40 pips SL is not enough for this GJ because the moves are bigger than others pairs..
  • #504
  • Nov 2, 2017 8:27am Nov 2, 2017 8:27am
Quoting mrdfx
There seems to be a bug in the current version of the EA. Signal line crossed below the lower channel but no sell order was opened? {image}
Could you send a screenshot of your EA settings?
Also do you have some debug message around this time in your Journal/Log tab from the terminal view?

Did the EA take the previous BUY I can see in your screenshot or was it a manual trade?

Thanks !
  • #505
  • Nov 2, 2017 8:33am Nov 2, 2017 8:33am
Quoting damiend
{quote} Yes, that's not a big deal. I'm traveling this week so not sure you will have it, but beginning of next week for sure. If I add one option like UseHigherTimeframeTrend where the values would be a predefined list with every timeframe from M5 to W1, would it be ok for everybody ? Or do you need two options to filter using 2 highers timeframes? I would like to keep it simple as much as possible.
I'd prefer it SIMPLE, one timeframe of choice as a filter. Thanks & bon voyage!
  • #506
  • Nov 2, 2017 8:36am Nov 2, 2017 8:36am
Quoting damiend
{quote} Could you send a screenshot of your EA settings? Also do you have some debug message around this time in your Journal/Log tab from the terminal view? Did the EA take the previous BUY I can see in your screenshot or was it a manual trade? Thanks !
Hi damiend please see a screenshot attached. There is no message except for the alert message form the ChMaCross indicator. No the previous signal there was no trade as the parameters of the EA were different at that time.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-02 at 11.33.35 AM.png Size: 150 KB
Truth is like poetry. And most people f*cking hate poetry.
  • #507
  • Nov 2, 2017 8:37am Nov 2, 2017 8:37am
My delayed entries worked like a charm during the news today...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 232 KB
  • #508
  • Nov 2, 2017 8:47am Nov 2, 2017 8:47am
Quoting MickeyMar
My delayed entries worked like a charm during the news today... {image}
Hey MickeyMar are you still using the original default settings of the EA or have you made some changes?
Truth is like poetry. And most people f*cking hate poetry.
  • #509
  • Nov 2, 2017 8:50am Nov 2, 2017 8:50am
Quoting mrdfx
There seems to be a bug in the current version of the EA. Signal line crossed below the lower channel but no sell order was opened? {image}
What's the reason behind the discrepancies.......
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-xm-global-limited (1).png Size: 45 KB
  • #510
  • Nov 2, 2017 9:20am Nov 2, 2017 9:20am
Quoting MickeyMar
My delayed entries worked like a charm during the news today... {image}
Killer trades, bro.
  • #511
  • Nov 2, 2017 9:20am Nov 2, 2017 9:20am
Quoting fxenthusiast
{quote} What's the reason behind the discrepancies....... {image}
++++++++++++++++++++++++

Gray Vertical line, signals that stop was too far from entry. Over 50 pips on my charts.
  • #512
  • Nov 2, 2017 9:25am Nov 2, 2017 9:25am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++ Gray Vertical line, signals that stop was too far from entry. Over 50 pips on my charts.
This has also happened to me and I don't fully understand why?
Truth is like poetry. And most people f*cking hate poetry.
  • #513
  • Nov 2, 2017 9:46am Nov 2, 2017 9:46am
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 323 KB

for now these are the settings for all pairs, but I will adapt them according to my testing and according to volatility, im not done testing yet (takes hours for every pair).
My basket account active for about a week is now in profit, although many trades were not taken (many green pips missing). But I don't think i have the guts to trade them all live, not yet at least, I will stick to some 6-10 pairs.
Will post the best settings I found here, when Im done.
  • #514
  • Nov 2, 2017 9:49am Nov 2, 2017 9:49am
if using trend might miss enters also,
mickey mar can you share your settings please to EA 1.2
you got 100 more pips set to tp
1.3 acting bit weird today
Attached Image (click to enlarge)
Click to Enlarge Name: gu.png Size: 67 KB
  • #515
  • Nov 2, 2017 10:22am Nov 2, 2017 10:22am
Been lurking on FF for quite a while (a couple of years) and have tried a bunch of strategies, but I love the simplicity of this one. For trading a trend it just works! Many pros talk about using a couple of EMA's on their charts, and that's it, of course many of them are using S & R lines and trend lines, etc. as well.

So what I'm finding is that the EA works well... BUT ONLY when it catches the trend. Otherwise it stops out or we have a 50/50 chance of it going well as time progresses. And maybe that's the key, over time there are simply more wins than losses overall.

For example... EURUSD - the channel eliminated a lot of ranging but after the big trend drop recently, it's been a little brutal.

If you're trading this manually, how have you guys been filtering out the ranging?
Attached Image (click to enlarge)
Click to Enlarge Name: Capture2.PNG Size: 53 KB
  • #516
  • Nov 2, 2017 11:07am Nov 2, 2017 11:07am
İ think this EA must be coded by another coder.Becouse logic is good but no function works properly
  • #517
  • Nov 2, 2017 11:15am Nov 2, 2017 11:15am
Quoting falanca
İ think this EA must be coded by another coder.Becouse logic is good but no function works properly
Falanca, I think we should be grateful for the time and commitment shown by Damien. We all work together here to eliminate the bugs, test, share, so we can have a better EA. Unless you can code the EA yourself please show respect for his work.
  • #518
  • Nov 2, 2017 11:23am Nov 2, 2017 11:23am
Quoting MickeyMar
{quote} Falanca, I think we should be grateful for the time and commitment shown by Damien. We all work together here to eliminate the bugs, test, share, so we can have a better EA. Unless you can code the EA yourself please show respect for his work.
I agree damiend has done a great work voluntarily for us, it's completely natural for an EA to have bugs initially, that why we as a community of traders test together to fix whats not 100%, and work on improving things. It's only v1.3 so yes I can also agree that there are still a few bugs and things to iron out but so far we have something with a LOT of potential.
Truth is like poetry. And most people f*cking hate poetry.
  • #519
  • Nov 2, 2017 11:51am Nov 2, 2017 11:51am
I think the logic is excellent in this strategy but I think that only manual trading will yield the best results because while the system is simple there are some subjective elements that require the human touch I feel such as considering higher timeframe trend and s/r, when to exit, money management, setting the stops and tp at a good level(the 210 TP rules sounds good but if you wait until end of session price can go against you before the session ends). SL/TP placement is the real challenge in forex in my opinion even more so than entry. Also looking at price action or other factors to avoid ranges will be need the human eye as well. But still a great thread. Maybe using adx can help filter the ranges
  • #520
  • Nov 2, 2017 12:01pm Nov 2, 2017 12:01pm
Quoting Joseph95
Guys, i suggest you to go on the thread "Schaff Trend Cycle", i think it could improve very much this system. Try these settings for basic Channel-MA: Signal dotted LineM15 10,23,50,3 Signal normal lineH4 10,23,50,3 On the daily: (i see channel-MA can make THOUSANDS of pips when you catch the trend) Signal dotted line D1: 10,23,50,3 Signal normal line W1: 10,23,50,3 Let me know what do you think!! Here you can see two examples with the basic system and daily version: {image} {image}
hi, I checked and implemented the indicator, but nothing shows up (4Hr TF)
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