Jdl,
What time frame you used for your trade.
--syedforex
What time frame you used for your trade.
--syedforex
- #204
- Oct 12, 2006 9:35am Oct 12, 2006 9:35am
- | Joined Apr 2005 | Status: Cruising The Outer Rim... | 2,175 Posts
- #212
- Oct 12, 2006 4:37pm Oct 12, 2006 4:37pm
Girl Flyer,
I've been studying your method and one of the major problems with it is that it enters the trade too late or it fails to exit. I think I may have come up with an alternate way for the EA to exit and still catch most of the trend ensuring that a fair amount of pips will be captured provided that the trade is initiated correctly. I am not a programmer so that part will be left up to you or other programmers out there. Here is my suggestion:
Rather than exiting at the crossover, my method would look at the separation difference in pips between the values of MA 28 and MA 5 or perhaps MA? and MA5. When the difference reaches x amount, say 15 pips, it would exit the trade.
In my first example from a trade entered today on the eurusd, the trade entered 1 hr 15 mins after the crossover. An earlier entry would have been preferable, but that’s something we all are working on. Anyway, the MA separation values begin to decrease after the trade is entered and then after the spike begin to separate. Once the separation difference reaches a certain difference (let’s say 15 pips) the trade is exited. In the first example the MA5 is = 1.2556 and the MA 28 is = 1.2539, a difference of 17 pips. The exit point is @ 1.2555 and entry point is 1.2535 for a profit of 20 pips vs the actual gain of 9 pips.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
></o>
<o> </o>
In example #2-eurusd, the sell entry is on the down side of a spinning top. A good deal of separation of the MA’s has already occurred. In fact the next candle marked by the two X’s, MA separation difference is already >15. We therefore would not want our trade to exit at this point, so a provision for the exit using the MA Separation Difference is that it cannot exit if the exit point would be below the entry point. Of course, a stop loss is set in case of reversal and this would stop us out. This provision would need to be programmed into the code. Provided that this could be done, the program would continue to search for the next exit point where the MA Separation Difference is >15. This point is marked by the two opposing arrows. This would have resulted in a 1 pip gain rather than a loss. An earlier entry would have generated more profit. This trade went on for about 24 hours having crossed over several times without exiting. I finally exited this manually (for a profit).<o></o>
<o> </o>
In example #3-eurusd, the sell entry was premature having not crossed over. Anyway, the pair wandered in a range and then exited about 16 hours later for a 4 pip profit. Following my exit strategy, the pair would have exited @ 1.2705 when the MA separation difference reached 15 pips, for a profit of 35 pips. In this example, I also experimented with a 30 pip TS, to see if this could be a point where the MA Separation Difference point could be reset or increased (like a pipstep?). In this case the difference would have to be greater than 15 to allow the trend to continue before being exited. Perhaps this could be triggered by the TS being initiated.<o></o>
<o> </o>
In example #4-usd-cad, a slightly different approach was explored. In this example, the trade was initiated by the EA about two hours (late) after the crossover. The MA Separation difference becomes narrower and then wider but never reaches our >15 parameter for exiting, but we are in a definite downtrend. In this situation, the MA Separation Difference has reversed or become lesser rather than greater. This is a signal for a probable reversal and an exit point. When the Separation Difference becomes less by 2?-x pips, an exit point would be indicated. In my example, the reversal and exit point is only one pip less in difference. At point “A” to point “B” the difference is 10 pips. At point “C” to point “D” the difference is 9 pips. The exit therefore is at point “D”. This results in a 12 pip profit rather than a 1 pip profit.<o></o>
One area we may want to explore is using a combination of the ma crossover method with an and/or MA Separation Difference to enter trades, since so many are being missed, ie. , the usdcad 130 pip run that started at the Tokyo open on 10/10 and ending two days later. The MA Separation strategy would have captured most of this run had it been entered to begin with. The way this would work would be when the separation difference following the cross over became X pips (2-5?), the trade would be entered in the direction of the MA indicators. Just a thought.<o></o>
<o> </o>
GirlFlyer, let me know what you think and if it can be done. Anyone else out there, I’d be glad to hear what you think.<o></o>
<o> </o>
1Trader2<o></o>
I've been studying your method and one of the major problems with it is that it enters the trade too late or it fails to exit. I think I may have come up with an alternate way for the EA to exit and still catch most of the trend ensuring that a fair amount of pips will be captured provided that the trade is initiated correctly. I am not a programmer so that part will be left up to you or other programmers out there. Here is my suggestion:
Rather than exiting at the crossover, my method would look at the separation difference in pips between the values of MA 28 and MA 5 or perhaps MA? and MA5. When the difference reaches x amount, say 15 pips, it would exit the trade.
In my first example from a trade entered today on the eurusd, the trade entered 1 hr 15 mins after the crossover. An earlier entry would have been preferable, but that’s something we all are working on. Anyway, the MA separation values begin to decrease after the trade is entered and then after the spike begin to separate. Once the separation difference reaches a certain difference (let’s say 15 pips) the trade is exited. In the first example the MA5 is = 1.2556 and the MA 28 is = 1.2539, a difference of 17 pips. The exit point is @ 1.2555 and entry point is 1.2535 for a profit of 20 pips vs the actual gain of 9 pips.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
></o><o
> </o>In example #2-eurusd, the sell entry is on the down side of a spinning top. A good deal of separation of the MA’s has already occurred. In fact the next candle marked by the two X’s, MA separation difference is already >15. We therefore would not want our trade to exit at this point, so a provision for the exit using the MA Separation Difference is that it cannot exit if the exit point would be below the entry point. Of course, a stop loss is set in case of reversal and this would stop us out. This provision would need to be programmed into the code. Provided that this could be done, the program would continue to search for the next exit point where the MA Separation Difference is >15. This point is marked by the two opposing arrows. This would have resulted in a 1 pip gain rather than a loss. An earlier entry would have generated more profit. This trade went on for about 24 hours having crossed over several times without exiting. I finally exited this manually (for a profit).<o
></o><o
> </o>In example #3-eurusd, the sell entry was premature having not crossed over. Anyway, the pair wandered in a range and then exited about 16 hours later for a 4 pip profit. Following my exit strategy, the pair would have exited @ 1.2705 when the MA separation difference reached 15 pips, for a profit of 35 pips. In this example, I also experimented with a 30 pip TS, to see if this could be a point where the MA Separation Difference point could be reset or increased (like a pipstep?). In this case the difference would have to be greater than 15 to allow the trend to continue before being exited. Perhaps this could be triggered by the TS being initiated.<o
></o><o
> </o>In example #4-usd-cad, a slightly different approach was explored. In this example, the trade was initiated by the EA about two hours (late) after the crossover. The MA Separation difference becomes narrower and then wider but never reaches our >15 parameter for exiting, but we are in a definite downtrend. In this situation, the MA Separation Difference has reversed or become lesser rather than greater. This is a signal for a probable reversal and an exit point. When the Separation Difference becomes less by 2?-x pips, an exit point would be indicated. In my example, the reversal and exit point is only one pip less in difference. At point “A” to point “B” the difference is 10 pips. At point “C” to point “D” the difference is 9 pips. The exit therefore is at point “D”. This results in a 12 pip profit rather than a 1 pip profit.<o
></o>One area we may want to explore is using a combination of the ma crossover method with an and/or MA Separation Difference to enter trades, since so many are being missed, ie. , the usdcad 130 pip run that started at the Tokyo open on 10/10 and ending two days later. The MA Separation strategy would have captured most of this run had it been entered to begin with. The way this would work would be when the separation difference following the cross over became X pips (2-5?), the trade would be entered in the direction of the MA indicators. Just a thought.<o
></o><o
> </o>GirlFlyer, let me know what you think and if it can be done. Anyone else out there, I’d be glad to hear what you think.<o
></o><o
> </o>1Trader2<o
></o> 
Girl Flyer,
I've been studying your method and one of the major problems with it is that it enters the trade too late or it fails to exit. I think I may have come up with an alternate way for the EA to exit and still catch most of the trend ensuring that a fair amount of pips will be captured provided that the trade is initiated correctly. I am not a programmer so that part will be left up to you or other programmers out there. Here is my suggestion:
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
1Trader2<o
Thanks for the input.
GirlFlyer
Take a deep breath everyone . . . Flyer has finally launched for me. Yippee!
If only it was going the right way. LOL
Never mind, it's early days.
I like your humour, Palmer :".niaga aixelsyd ym s'tI."
Regards, All,
Grahame
Did you figure out what error 131 is? I'm still facing the same problem. Looks like it is trying to trade a lot size with 3 decimals. Is that it?
Thanks, Dan
- #217
- Oct 12, 2006 9:49pm Oct 12, 2006 9:49pm
Girl Flyer,
I've been studying your method and one of the major problems with it is that it enters the trade too late or it fails to exit. I think I may have come up with an alternate way for the EA to exit and still catch most of the trend ensuring that a fair amount of pips will be captured provided that the trade is initiated correctly. I am not a programmer so that part will be left up to you or other programmers out there. Here is my suggestion:
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o
1Trader2<o
