Channel MA Short-Term System | Page 31 | 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

  • #601
  • Nov 8, 2017 11:38am Nov 8, 2017 11:38am
Hi guys,

Sorry for my lack of time, I'm not sure I answered to everyone because of that but I read all posts and compute all your suggestions.

Attached is a new version 1.4 for the EA with the following changes:

  1. Added a check to prevent opening sell orders above the channel and buy orders below the channel, could be useful during high volatility
  2. New UseHigherTimeframeTrend (disabled by default). If you set a higher timeframe, it will open trades according to the higher timeframe direction only.
    The trend check is very simple, it is done with the position of the signal MA versus channel on the higher timeframe :
    higherTimeframeAllowBuy = (SIGNAL_HIGHERTF > CHANNEL_HIGH_HIGHERTF);
    higherTimeframeAllowSell = (SIGNAL_HIGHERTF < CHANNEL_LOW_HIGHERTF);
  3. New CloseTradesWhenSignalMAInChannel parameter to close the positions when the signal MA goes back into the channel (cross channel low for a Sell, cross chanel high for a buy)
  4. A new logging stack (LogsEnabled=true) by default. I added this mainly to log the missed trades, like if the higher timeframe isn't in sync with the signal or if the SL can't be placed on the other side of the channel. It will help you to know why a signal was not traded (the logs are displayed in your Journal tab).
    I advise you to disable it for backtests though because it's very verbose and will slow down your backtests.


Enjoy!

Attached File(s)
File Type: ex4 DD-channel-MA-1.4.ex4   66 KB | 990 downloads
  • #602
  • Nov 8, 2017 12:56pm Nov 8, 2017 12:56pm
Quoting damiend
Hi guys, Sorry for my lack of time, I'm not sure I answered to everyone because of that but I read all posts and compute all your suggestions. Attached is a new version 1.4 for the EA with the following changes: Added a check to prevent opening sell orders above the channel and buy orders below the channel, could be useful during high volatility New UseHigherTimeframeTrend (disabled by default). If you set a higher timeframe, it will open trades according to the higher timeframe direction only. The trend check is very simple, it is done with the...
Thanks damiend for the update, with the higher time frame check, which higher time frames is it checking before opening a trade?

EDIT: Nevermind I've seen you can select which TF.
Truth is like poetry. And most people f*cking hate poetry.
  • #603
  • Nov 8, 2017 3:26pm Nov 8, 2017 3:26pm
Thanks Damiend for the update
  • #604
  • Nov 8, 2017 8:27pm Nov 8, 2017 8:27pm
Quoting damiend
Hi guys, Sorry for my lack of time, I'm not sure I answered to everyone because of that but I read all posts and compute all your suggestions. Attached is a new version 1.4 for the EA with the following changes: Added a check to prevent opening sell orders above the channel and buy orders below the channel, could be useful during high volatility New UseHigherTimeframeTrend (disabled by default). If you set a higher timeframe, it will open trades according to the higher timeframe direction only. The trend check is very simple, it is done with the...
+++++++++++++++++++

More difficult work performed. Thanks for that.
I would like to know how the "Trade Cancel, when Too Far from Opposite Side of Channel" works.
• Is it a fixed number, like 40 from entry?
• Can it be controlled, especially on higher time frames?

I have been working with how to set up channel trading on other TF's, so having the ability to alter to "Too Far" settings, is a must.

Thanks,
Darryl
  • #605
  • Nov 9, 2017 2:47am Nov 9, 2017 2:47am
Hi Darryl,

The distance that says "order's entry point is too far from the opposite side of the channel" is a fixed pip number, and is the StopLoss value actually.

The StopLoss pip value is used for both this control and the regular SL as per original strategy rule. Maybe it would be more flexible to have 2 separate parameter though.

Don't hesitate if it's still not clear, I could draw an example on a chart.
  • #606
  • Nov 9, 2017 6:23am Nov 9, 2017 6:23am
Quoting damiend
Hi Darryl, The distance that says "order's entry point is too far from the opposite side of the channel" is a fixed pip number, and is the StopLoss value actually. The StopLoss pip value is used for both this control and the regular SL as per original strategy rule. Maybe it would be more flexible to have 2 separate parameter though. Don't hesitate if it's still not clear, I could draw an example on a chart.
Please draw an example on chart to understand better
  • #607
  • Edited 9:27am Nov 9, 2017 6:28am | Edited 9:27am
Quoting erksa
{quote} Dear Jagg, I am using this indicator efectively. Espacally it is greta that it alerts only on upper cross of the upper line -on the bar close- or vice versa. I have Keltner & ATR Channel indicator with alert but it alerts each time the price thouches the lines. Do I disurb you if I request from you to make this indicator just like your indicator? Thank you very much in advance. Regrds. {file} {file}
Hope I understood you correct... try this please.
Attached File(s)
File Type: ex4 !keltner_channel_alerts.ex4   21 KB | 501 downloads
File Type: mq4 !keltner_channel_alerts.mq4   6 KB | 524 downloads
  • #608
  • Nov 9, 2017 9:00am Nov 9, 2017 9:00am
Quoting damiend
Hi Darryl, The distance that says "order's entry point is too far from the opposite side of the channel" is a fixed pip number, and is the StopLoss value actually. The StopLoss pip value is used for both this control and the regular SL as per original strategy rule. Maybe it would be more flexible to have 2 separate parameter though. Don't hesitate if it's still not clear, I could draw an example on a chart.
+++++++++++++++

Thanks D. So if I change my trade "Stop Loss" to 50, then My trade will execute even if the distance to the opposite side of channel is 49? Whereas now, if Stop Loss is 40, and distance to opposite side of channel is 41, trade will not trigger. Correct?
  • #609
  • Nov 9, 2017 9:53am Nov 9, 2017 9:53am
Quoting diamonddbw
{quote} +++++++++++++++ Thanks D. So if I change my trade "Stop Loss" to 50, then My trade will execute even if the distance to the opposite side of channel is 49? Whereas now, if Stop Loss is 40, and distance to opposite side of channel is 41, trade will not trigger. Correct?
Yes exactly!!
  • #610
  • Nov 9, 2017 10:19am Nov 9, 2017 10:19am
Quoting Merka
{quote} Please draw an example on chart to understand better
Ok I hope this picture will clarify for those with didn't understand yet.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd-m15-tickmill-ltd.png Size: 58 KB
  • #611
  • Nov 9, 2017 11:32am Nov 9, 2017 11:32am
Quoting Jagg
{quote} Hope I understood you correct... try this please. {file} {file}
Dear Jagg,

Thank you very much. It is appreciated...

Regards.
Imparo ancora
  • #612
  • Nov 9, 2017 8:20pm Nov 9, 2017 8:20pm
Who has a good tune out parameter sharing it, thank you
  • #613
  • Nov 10, 2017 1:35am Nov 10, 2017 1:35am
Quoting qq963110866
Who has a good tune out parameter sharing it, thank you
check my post earlier with set for DAX
  • #614
  • Nov 10, 2017 6:22am Nov 10, 2017 6:22am
This week has not gone well for the basket testing. I'm not sure if it's my settings or just how the market was this week.

In my back testing of the settings on multiple currencies it worked well and was profitable but this week its on
Truth is like poetry. And most people f*cking hate poetry.
  • #615
  • Nov 10, 2017 8:40am Nov 10, 2017 8:40am
I said we need 3 options:
1/3 order with SL/TP fix
1/3 order with trailing
1/3 order with opposite.
So we can optimize.
I noticed also SL 40 pips is too big ...it's generally in other side of the channel
  • #616
  • Nov 10, 2017 9:33am Nov 10, 2017 9:33am
Quoting madscalp
I noticed also SL 40 pips is too big ...it's generally in other side of the channel
Hello everyone! I've been following this thread with interest. Thanks to everyone for their contribution. What madscalp said here touches on what I have been thinking. A realistic TP SL would depend on each pair individually as some have much bigger (or smaller) moves than others so determining and applying parameters based on the volatility of each pair would seem necessary in order for this EA to prove profitable. What would be a reasonable profit for certain pairs, may well turn into a loser due to waiting on the 'across the board TP' to be hit.
  • #617
  • Nov 10, 2017 3:35pm Nov 10, 2017 3:35pm
Quoting smek
hi and thanks for this awesome system! I just wanted to share the ea i use for money management because im trading this manually. You can set automatic tp, sl and trailing. Awesome if your not by the computer at all times. {file}
this ea closed all the open trades despite of being tested on demo account with apply to current chart,do you know why?
  • #618
  • Nov 11, 2017 6:17am Nov 11, 2017 6:17am
Quoting tzufun
{quote} Hello everyone! I've been following this thread with interest. Thanks to everyone for their contribution. What madscalp said here touches on what I have been thinking. A realistic TP SL would depend on each pair individually as some have much bigger (or smaller) moves than others so determining and applying parameters based on the volatility of each pair would seem necessary in order for this EA to prove profitable. What would be a reasonable profit for certain pairs, may well turn into a loser due to waiting on the 'across the board TP'...
Agree. Having the same TP and SL for every pair is just not optimal.
  • #619
  • Nov 11, 2017 7:13am Nov 11, 2017 7:13am
Quoting damiend
{quote} Ok I hope this picture will clarify for those with didn't understand yet. {image}

I damiend, in your example delayed orders are Sell or Buy order? Thanks
  • #620
  • Nov 11, 2017 7:56am Nov 11, 2017 7:56am
Quoting tzufun
{quote} Hello everyone! I've been following this thread with interest. Thanks to everyone for their contribution. What madscalp said here touches on what I have been thinking. A realistic TP SL would depend on each pair individually as some have much bigger (or smaller) moves than others so determining and applying parameters based on the volatility of each pair would seem necessary in order for this EA to prove profitable. What would be a reasonable profit for certain pairs, may well turn into a loser due to waiting on the 'across the board TP'...
++++++++++++++++++++++++++++++++

Also for dethkult;
If you open up the EA, you can optimize settings for each chart to have open. Default happens to be 40 TP, 40 SL. If you don't like 40/40, Change it!

To everyone that is newer to this thread, if you plan on trading real money, it is Imperative that you read the thread, take notes and assume the responsibility any job requires.
0 traders viewing now