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  • #41
  • Edited 9:03am Jul 23, 2019 8:51am | Edited 9:03am
Quoting Lukass
{quote} Dave, can you save that chart as a template and attach it to FF? I would like to deep dive into that idea
You mean the H4 chart, right? it also has the MACD(12,26,9)

Attached File(s)
File Type: tpl DAS_Lukass_stochs_H4_20190723.tpl   11 KB | 378 downloads
To free Gazans of Hamas, use whatever it takes.
  • #42
  • Jul 23, 2019 12:27pm Jul 23, 2019 12:27pm
I was looking again at the exits on the EURUSD H4 with the stochastics. It appears that there may be an earlier exit available that will give back far fewer pips than the previously marked exits.

I took that chart and added white circles where the stoch16 crosses 50 in the opposite direction to the trade direction to mark as the place to exit rather than waiting for the yellow to cross 50. Notice in every case that this comes extremely close to where the yellow is changing direction, and it even eliminates every one of the potential signals, marked with dotted verticals, that were canceled due to the yellow slope being in the wrong direction.

Initially, I thought that the stoch16 would have at least one instance where the crossing of 50 would be much too early, the trades closed out, and then very soon after, the move reverse and continue. But that never happened. So this suggests that if this "early exit" scenario happens, it is probably rare.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4_stoch_and Slope_buys&sells_circledExit..png Size: 141 KB
To free Gazans of Hamas, use whatever it takes.
  • #43
  • Edited 6:17pm Jul 23, 2019 12:28pm | Edited 6:17pm
Hello all.

To start, Lukass, you asked about the pair I tested and the time frame, I only tested this idea on the EURUSD and used H4 and H1 separately, I tested many years and many scenarios, the one I mentioned here where there was a loss of more than $170,000, I think it was EURUSD H1 from January 1, 2017 to December 31, 2017, I do remember the loss happened around October, but I did not keep a record of that. Unfortunately, I changed the conditions and started a new test after that, so I don't know what happens next.

I can see why you were hesitant, but thanks for taking the step and starting this thread, even if we end up with nothing, it's fun to think and try to find new ways and ideas. Plus, all those successful trading systems weren't created when Earth was created, people looked at the data one day and figured them out, so this can be another case where you figured out something, new pieces were added to it and it could be a profitable trading strategy, who knows? We can be sure that it won't work only if we stopped trying, so let's keep trying and hopefully it works.

As for your ideas to minimize the risk, I think they can work, but you're also giving away a lot of the profit. If you open a position with 0.01 lots, you're getting 10 cents per pip. So, if you start an account with a capital of $5,000 and you make 2,000 pips that month, your return is only about $200, which is okay, but not that big considering your initial capital. But spreading the risk among different pairs sounds like a good idea.

DrDave, thanks a lot for the charts you're providing and the info you're sharing. I was looking at your last post and it really looks promising. Can we incorporate a stop loss to this system? It could be a hard stop or some specific conditions to accept a loss and exit the trade. But I believe using the combination of both stochastics is leading up to something.

As I mentioned earlier, I kind of know a little bit about programming and stuff, so I created this EA just to notify me and to send me a push notification on my phone when a cross happens. I created it and put it to work, but so far no cross has happened in the last two days, so I think it's working fine haha. I assume you know how to set your MT4 platform to send notifications to your mobile devices. If not, tell me and I will teach you how.

Also, I happen to know a guy who knows how to code EAs, so I told him I would pay him a small amount if he creates the EA for me, he said okay and he will send it to me in about a week or so, it will buy whenever there's a buy signal as Lukass said, and close all buy positions and sell when the signal reverses and so on and so forth. It won't have a maximum number of orders, and it will start with 0.01 lots for the first order, then 0.02 for the first add-on, 0.03 for the second add-on, and so on. When I get it, I will share it with you and will run the some tests and also share the results with you. Hopefully it will be ready in a week or so as he promised.

Now that we're waiting for the EA for Lukass' idea, I think it would be good if we focus on DrDave's idea now and see if it works and how we can improve it.

So DrDave, your idea is the Buy Zone starts when the Signal of Stoch 64 is above 50 and sloping up, and then we buy when the Signal of Stoch 16 crosses the Main Stoch, right? Do we exit when the Signal of Stoch 64 is sloping down no matter where it is, or only when it crosses below 80? And for sell I believe it's the reverse. Am I getting it right?

EDIT:
Quote
I created it and put it to work, but so far no cross has happened in the last two days, so I think it's working fine haha.
It seems that it works, and I received this notification now. (Photo attached.) It also seems that I have misspelled "chart," so I made the necessary corrections and uploaded the EA again. Now I have a buy order open.

Thank you all for your ideas and all the best to you! Have a great day/night wherever you are!
Attached Image (click to enlarge)
Click to Enlarge Name: 20190724_020737.jpg Size: 86 KB
Attached File(s)
File Type: mq4 MACD Notifier.mq4   3 KB | 523 downloads
File Type: ex4 MACD Notifier.ex4   8 KB | 346 downloads
  • #44
  • Edited 3:01pm Jul 23, 2019 2:04pm | Edited 3:01pm
Quoting Bfxs
As for your ideas to minimize the risk, I think they can work, but you're also giving away a lot of the profit. If you open a position with 0.01 lots, you're getting 10 cents per pip. So, if you start an account with a capital of $5,000 and you make 2,000 pips that month, your return is only about $200, which is okay, but not that big considering your initial capital.
It is usually better to leave pips on the table than to risk losing a lot of pips in a single bad trade. Or to have a long streak of losers that total to a large loss.
When you look at an average of 2000 pips /month, 12 months /year, $0.10 /pip, that is $2400 /year made from a capital amount of $5000. That means your account grew by nearly 50%. Where are you going to get a return on investment like that?

Quote
DrDave, thanks a lot for the charts you're providing and the info you're sharing. I was looking at your last post and it really looks promising. Can we incorporate a stop loss to this system?
Of course. There are many options for a stop loss.

Quote
I believe using the combination of both stochastics is leading up to something.
Now that we're waiting for the EA for Lukass' idea, I think it would be good if we focus on DrDave's idea now and see if it works and how we can improve it. So DrDave, your idea is the Buy Zone starts when the Signal of Stoch 64 is above 50 and sloping up, and then we buy when the Signal of Stoch 16 crosses the Main Stoch, right? Do we exit when the Signal of Stoch 64 is sloping down no matter where it is, or only when it crosses below 80? And for sell I believe it's...

Buy zone start: stoch(64,9,9) signal line crosses above 50.
Buy signal: stoch(16,3,3) %k (blue line) cross above the signal line (red). Entry is the open of the next bar UNLESS either of two conditions occur: the stoch(16,3,3) signal line crosses below 50; the stoch 64 signal line has a negative slope.
Go flat when the stoch(16,3,3) signal line crosses down on the 80 line. (I think that will get changed to the stoch 16 signal line crosses below 50.)

Do not exit simply because the stoch 64 signal slopes down. That only indicates not to open a buy order if a buy signal bar occurred. When the up momentum is strong, the yellow stoch 64 line can remain between 80 and 100 but the slope change. Do not consider that the up momentum is so weak that you should consider going flat just because the yellow slopes down. It needs to continue down below 80 before determining the up momentum is weak enough that price direction is likely to change to down.

Also, when having multiple positions open, consider the per centage of your capital at risk. A typically value is 1%. Some use 2%. I would never go over 5%, myself. On a $5000 account, those per centages are $50, $100, and $250.

By the way, I looked at this on the m15 and m5 on yesterday's and today's charts of EURUSD. On m5, because the volatility is so low, the distance between the open of the first trade and exiting all positions is not very big, and also many of the single trades in the group ended up very close to zero pips. So in low volatility markets, m5 is too small. On m15, there were 4 sells that were closed when there was a significant rally. The first 2 were slightly positive, the other two slightly negative, for overall about breakeven. However, after the rally there have been 6 more sells that if exited right now would net about 80 pips. I often target only 10 pips profit via a lot size 0.02 and 5 pips take profit. Yesterday I made 2 trades this way for 20 pips. So if an automated system can give me 80 net pips in a day with me doing nothing, I am happy with that.
(LOL. I just noticed that my sell I put on earlier targeting 5 pips take profit to get net yield of 10 pips closed positive after 45 minutes.)
To free Gazans of Hamas, use whatever it takes.
  • #45
  • Jul 23, 2019 2:41pm Jul 23, 2019 2:41pm
Quoting DrDave
It is usually better to leave pips on the table than to risk losing a lot of pips in a single bad trade. Or to have a long streak of losers that total to a large loss. When you look at an average of 2000 pips /month, 12 months /year, $0.10 /pip, that is $2400 /year made from a capital amount of $5000. That means your account grew by nearly 50%. Where are you going to get a return on investment like that?
Yes, you are totally right, it's a great ROI, but I gave that as a best case scenario, how many months are you going to get 2,000 pips? Is that consistent? I know even a profit of $500 a year means %10 percent ROI, which is better than any bank, but why don't we fine tune the system to at least make the return bigger or make the initial capital smaller. So, since we have an EA being made, I think we can wait right now and when it's ready, we can run back testing on it and see how much we can get on average and how we can improve it.

Quoting DrDave
So if an automated system can give me 80 net pips in a day with me doing nothing, I am happy with that.
Me too, by the way, haha. For an automated system to work, as far as I know, you have to give mechanical rules, no judgement call, nothing flexible, it's fixed, no exceptions, and the rules don't change, every trade is the same. As I said, I have some knowledge, and I'm learning how to create EAs almost whenever I have the time. So, while the other EA is being made, why don't we create a set of fixed rules for that system, and I think the lower the time frame the better, meaning it's better if it works on the M15 chart than the H1 or the H4 since it's automated, it means it will run 24/5 and it will take more opportunities, so if this strategy has an edge, you will make more profit. So, let's set the fixed set of rules, and we can work together to create the EA and test it, and see if it works. Even if it takes longer than the other EA, what do we have to lose? We can spend some time working on it and consider it a hobby if it didn't work. Are you happy with that? If so, we can start working on it this week step by step.
  • #46
  • Jul 24, 2019 2:46am Jul 24, 2019 2:46am
Because this thread started with MACD, and I know that there are some common features between stochastics plots and MACD plots, I looked at settings to get MACDs that track the stochastics.

stoch(16,3,3)
stoch(64,9,9) turn off the %k line

MACD(3,12,5)
MACD(12,48,9) turn off the MACD line

You can see on the AUDUSD H4 chart how well the MACD(12,48,9) signal line (red) tracks the stoch(64,9,9) signal line (yellow) and the MACD red crossing 0 tracks the stoch yellow crossing 50.

Also, how the crossings of the MACD(3,12,5) track the crossings of the stoch(16,3,3). In addition, how the MACD(3,12,5) signal line crossing 0 tracks the stoch(16,3,3) crossing 50.

Something that stochastics lacks is any indication of volatility. MACD, on the other hand, tends to have very short histogram bars when volatility is low. In addition, the MACD signal line tends to go into a range that is quite close to the 0 line. Perhaps these features of the MACD could be used to filter out low volatility periods, which in general, we don't really want to be placing new trades because they tend o be price consolidation areas where a lot of trades would be placed that have opening prices very close together.

I suspect that the first filter to add would be time-of-day that matches the hours that the markets are open for each specific currency pair. Simpy preventing any trades outside of those hours will eliminate much of the low volatility periods without losing many "good" trades.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD_H4_STOCH vs MACD.png Size: 28 KB
To free Gazans of Hamas, use whatever it takes.
  • #47
  • Jul 24, 2019 5:02am Jul 24, 2019 5:02am
Quoting Bfxs
{quote} So, let's set the fixed set of rules, and we can work together to create the EA and test it, and see if it works. Even if it takes longer than the other EA, what do we have to lose? We can spend some time working on it and consider it a hobby if it didn't work. Are you happy with that? If so, we can start working on it this week step by step.
I am ready. But, this thread started with a MACD system. So doing stochastics seems far enough off topic to be thread hijacking. If Lukass is OK with it, let's proceed. Otherwise, we need to start a new thread.
To free Gazans of Hamas, use whatever it takes.
  • #48
  • Jul 24, 2019 5:53am Jul 24, 2019 5:53am
Quoting DrDave
I am ready. But, this thread started with a MACD system. So doing stochastics seems far enough off topic to be thread hijacking. If Lukass is OK with it, let's proceed. Otherwise, we need to start a new thread.
I totally agree with you. And I it's much better and cleaner if we keep this thread strict to the MACD and you start a new thread for the Stochastic, and Lukass and everybody else is invited to contribute there as well. I will happily keep working on both threads.
  • #49
  • Jul 24, 2019 8:16am Jul 24, 2019 8:16am
Guys, I have busy week, so I am just checking in a few times a day without much time to read everything properly and reply. Please, feel free to work with Stochastic going forward even in this thread I can work with you on that and possibly even do my side testing with MACD as we go forward.
MACD SCS All Time Pips: 8,722
  • #50
  • Jul 27, 2019 3:49am Jul 27, 2019 3:49am
Hello guys.

Lukass, thanks for allowing us to use your thread to continue with the stochastic strategy, but again, it's your thread and DrDave's idea, so you guys decide and I will be happy with whatever you decide.

For the MACD EA. I have received it yesterday. This guy doesn't like to share his code, so when I paid him some money I wanted the code in order to look at it and use it as a learning example, but he made me promise not to share the code, which I did promise. So, since I can only share the EA ex4 file with you not the original code, I made some edits to the code so you guys can change the settings and fine tune it externally without the need for the original code, and here it is attached to this post.

When you attach the code to a chart, you can go to "Inputs." There, you will have six settings that you can change.:
1. Initial lot size: The default lot size is set to 0.01, but you can change it. The initial lot size for the first order in any direction (buy or sell) will be 0.01 whether it was a $1,000 account or a $1 million account, it's 0.01 lots regardless of the account balance.
2. Would you like it to be fixed? If you choose "Yes," the initial lot size for the first order in any direction will be, for example, 0.01, and then the add-ons will be 0.01 as well. All of the orders, whether they're first orders in that direction or add-ons will be 0.01 or what you set for initial lot size. If you choose "No," then the first order in any direction will be 0.01, or what you set for initial lot size, and the first add-on will be 0.01*2, the second will be 0.01*3, the third will be 0.01*4, and so on.
3, 4, 5 and 6. MACD Settings: Those are the settings for the MACD used to trade, and they're pretty self explanatory.

Important notes: If you're going to do some back-testing, you should have no problem, you can go and do some back-testing. If you are going to use it on a demo account to trade in real time, you need to make sure that once you attach it to a chart, you don't change the time frame for that chart, you don't turn your computer on and off or change any of the settings on that chart after the EA has been attached to it and started trading. Your computer should always be running with MT4 running. Because if you change the way the chart looks or the time frame or whatever, the EA will restart, so it will abandon all previous orders it made and start fresh. Now, I believe I can fix this when we improve the strategy, because it's a lot of coding for me, I would have to learn some new techniques to make it happen, and it would take me a long time to do so, so I don't think it's worth it for a test EA. Now, go do some back-testing, play with the settings, and let's see what we can come up with. Once we improve upon the profitability of it, we can make it more of a "smart" EA.

Let me know what you guys think, and let's keep improving it.

DrDave, let me know if you'd like to start working on the Stochastic strategy now.

Best of luck to you guys.
Attached File(s)
File Type: ex4 MACD Simple Cross EA.ex4   11 KB | 363 downloads
  • #51
  • Jul 27, 2019 12:13pm Jul 27, 2019 12:13pm
Quoting Bfxs
For the MACD EA. I have received it yesterday. Best of luck to you guys.
Thanks, Bfxs. I'll try it next week.

Quote
Lukass, thanks for allowing us to use your thread to continue with the stochastic strategy, but again, it's your thread and DrDave's idea, so you guys decide and I will be happy with whatever you decide.
Fine with me to continue the stochastics version in this thread.

I'm thinking about looking at a currency strength indicator to filter more of the setups. Probably a combination of entering trades only during times a currency pair's corresponding markets are open and the strength of the currencies in the pair are opposite will filter most of the really low volatility periods as well as unprofitable ranging periods.

DrDave
To free Gazans of Hamas, use whatever it takes.
  • #52
  • Jul 27, 2019 2:12pm Jul 27, 2019 2:12pm
Quoting DrDave
Thanks, Bfxs. I'll try it next week.
You're welcome. Let me know how it goes with you.

Quoting DrDave
I'm thinking about looking at a currency strength indicator to filter more of the setups. Probably a combination of entering trades only during times a currency pair's corresponding markets are open and the strength of the currencies in the pair are opposite will filter most of the really low volatility periods as well as unprofitable ranging periods.
I think here you're saying that this is going to be different than Lukass' strategy where you're always in the market whether it was going long or going short, here it means that we have only a specific time window to enter a new trade. Now, I need to do some more research on that but it's doable. We can set a start time and end time for the EA.

Now, you're using two stochastics, would you like to use two stochastics with different values (one higher and one lower), or two stochastics with the same values but different time frames?
  • #53
  • Jul 27, 2019 2:55pm Jul 27, 2019 2:55pm
Quoting Bfxs
I think here you're saying that this is going to be different than Lukass' strategy where you're always in the market whether it was going long or going short, here it means that we have only a specific time window to enter a new trade. Now, I need to do some more research on that but it's doable. We can set a start time and end time for the EA.
Yes, different than Lukass'. From what I already posted, first, you can see that the initial trades tend to go to profit whereas the late trades tend to be losers. Second, during low volatility periods, such as when the currency markets for the pair are closed and there are only little retail traders active, trades are entered that essentially do nothing for many hours. Because it is never obvious which way the price will head when the market opens again, these trades can go either way--to profits or to losses--simply depending on the direction that the market decided to go that day. I suspect that in the long run, the wins and losses during these periods will cancel out, making it a wasted effort to have even entered them. Of course, some backtesting with continuous trading versus trading only during market hours will determine if this is what happens.

Also, there needs to be backtesting to see what the results are when going flat at the end of the market hours versus continuing to hold all of the open positions without adding during the closed market times.

Quote
Now, you're using two stochastics, would you like to use two stochastics with different values (one higher and one lower), or two stochastics with the same values but different time frames?

I purposely use 2 stochastics of different periods overlaid on the same window rather than a single stochastic and "looking" at a larger chart. Of course this "looking" at the larger chart is easily done in the code. However, I have 2 reasons not to do that. Note that I am using 16 period and 64 period stochastics. So if I am viewing the H1 chart, the stoch64 shows me what the stoch16 of the H4 chart looks like; I don't need to have the H4 open. In addition, because each bar of the H4 is built from 4 bars of H1, the stoch16 line on the H4 chart is like a smoothed version of the stoch64 on the H1 chart. I do not want to look at a smoothed line.

So I hope that it is clear when I am viewing H1 that the stoch64 is showing me the stoch16 of the H4, enabling me to get the "bigger picture" and see the relationship of the indicators of two charts at once. (This makes it convenient to see more clearly various thing such as weak retracements of the H4 that do not have the stoch16 %k and %d cross, but they clearly cross on the H1.)
To free Gazans of Hamas, use whatever it takes.
  • #54
  • Jul 27, 2019 3:21pm Jul 27, 2019 3:21pm
Quoting DrDave
From what I already posted, first, you can see that the initial trades tend to go to profit whereas the late trades tend to be losers. Second, during low volatility periods, such as when the currency markets for the pair are closed and there are only little retail traders active, trades are entered that essentially do nothing for many hours. Because it is never obvious which way the price will head when the market opens again, these trades can go either way--to profits or to losses--simply depending on the direction that the market decided to go...
I totally agree with you on that, and we can create multiple versions of the EA to speed up the back-testing and we can test different scenarios.

Quoting DrDave
I purposely use 2 stochastics of different periods overlaid on the same window rather than a single stochastic and "looking" at a larger chart. Of course this "looking" at the larger chart is easily done in the code. However, I have 2 reasons not to do that. Note that I am using 16 period and 64 period stochastics. So if I am viewing the H1 chart, the stoch64 shows me what the stoch16 of the H4 chart looks like; I don't need to have the H4 open. In addition, because each bar of the H4 is built from 4 bars of H1, the stoch16 line on the H4 chart...
I totally understand your logic here, but I'm asking these questions because I have to convert them into something that a computer understands. So, computers don't look at lines, they get values. I can tell the computer to get the value of the Stoch16 of the current period. The computer will get the value of the Stoch16 of whatever time frame we're using to trade. Then, I can tell it to get the Stoch16 for the H4 period. It will get that. In this scenario, you are going to get the Stoch16 value for the time frame of the trading chart, but it will always be anchored to the H4 Sotch16, so if you trade the M1 chart, it will get the value of that Stoch16 and the value of the Stoch16 of the H4 chart. If you trade the M15 chart, it will be Stoch16 for M15 and H4, and so on. So, it will always be the H4 chart that is identifying the buy and sell zones.
On the other hand, I can tell the computer to get the Stoch16 for the current period, and the Stoch64 for the current period. Here, if you trade the M1 chart, you will get the Stoch16 for that chart and the Stoch16 for the M4 chart (which doesn't exist, but you get the idea), if you trade the M15 chart, it will get the Stoch16 for M15 and H1, and so on. So, a little difference in the code can change the results if we use different time frames, that's why I asked if it should be the Stoch16 and Stoch46 for current chart or Stoch16 for current chart and Stoch16 for H4 chart. So should the buy/sell zone always be initiated on the H4 no matter what time frame we're trading? I hope my explanation makes sense to you.
  • #55
  • Edited 4:31pm Jul 27, 2019 3:51pm | Edited 4:31pm
Quoting Bfxs
it will always be the H4 chart that is identifying the buy and sell zones. On the other hand, I can tell the computer to get the Stoch16 for the current period, and the Stoch64 for the current period. Here, if you trade the M1 chart, you will get the Stoch16 for that chart and the Stoch16 for the M4 chart (which doesn't exist, but you get the idea), if you trade the M15 chart, it will get the Stoch16 for M15 and H1, and so on.
It is a mistake to anchor a specific chart as the absolute chart to determine buy/sell zones for all other charts. This is a mistake that even most experienced traders make; they always use weekly or daily chart to decide direction to trade on all lower charts. There is some specific way, beginning with the biggest chart and working down, of DECIDING which chart is the "control" chart of the trade direction. After the control chart is established, trend trades are made on all lower charts in the direction of the control chart. So, because the control chart is not fixed, it cannot be anchored. However, because the daily chart tends to stay in one direction for about 5 days, it often ends up working out as the control chart.

Quote
So should the buy/sell zone always be initiated on the H4 no matter what time frame we're trading? I hope my explanation makes sense to you.

We need to do backtesting to check this. Technically, no, H4 should not be the fixed chart for determining buy/sell zones no matter the timeframe being traded. The "correct" chart is the "control" chart. However, because it would take some educating to understand this idea, we may need to simply use the chart that is 4x the chart being traded to set the buy/sell zones. So, if trading m15, H1 sets the zones. Trading H1, H4 sets the zones. Trading H4, H16 sets the zones, and right there were fall into the MT custom timeframes deficiency problem. (That is why I do my charting on NinjaTrader.) So to compensate, the H4 includes the stochastic that is 4x the smaller stochastic; the non-existent H16 is no longer a problem because we just use the H4 stoch64 for the calculation of the zones.
To free Gazans of Hamas, use whatever it takes.
  • #56
  • Jul 28, 2019 6:49am Jul 28, 2019 6:49am
Hi all.
I am not a coder just a small trader. I understand nothing to Boll int ().
Regarding a strategy with macd I have one using MACD but signal is confirmed by moving average.
Time frame used are 1m or 5 m and 15 but can be used by higher time frame
Indicators I use

MACD 14 500 7 and use the zero line histogram above or below

3 major MA
Smoothed 120
Smoothed 60
Smoothed 49

2 minor MA
5 and 8 expo

Entry rules
Buy only if histogram MACD above zero line and MA 60 and 49 above 120

Sell only if histogram MACD below zero line and MA 60 and 49 below 120

Until MA 60 and 49 are above 120 = up trend

Until MA60 and 49 are below 120 = down trend.

Regarding your 80 pips by days, I think if you used the above parameters with time frame 15,and if you have the capacity to program a scanner for XX pairs who give in real time the signal you can catch your pips.

Due to my poor English I don’t know if I am clear. But have a look on the strategy.
Sure we have false signal and lose but it is a very simple trend following system.
The must is mixed the strategy and the scanner, in this case EA optimize the job.

If you are interested by what I try to explain, we can discuss for more entry points when the EA close a trade and the trend continue (in this case for example waiting price return between ma 49 a,d 60)

I’d like to propose to LEOLEO268 this type of entry but he does not give answer.
You can study the managing lot size of leoleo268 it is very interesting and his managing loss and profit too but I don’t understand this second part.

Many thanks’ If you or somebody can develop an EA mixed with a scanner I think it is a part of our solution because we have factor 28 (pairs) to find entries each day.
  • #57
  • Jul 28, 2019 7:42am Jul 28, 2019 7:42am
Hi lenanard,
I don't see that your MA discussion is relavant to the MACD system unless you include the details for the MACD.

As for you MA's I suggest you try the following adjustments and see if they are a little better. The left column is close to what you use. The right column is an alternative, but might be too far away for you.

3 major MA Alternative 1 Alternative 2
Smoothed 120 120 200
Smoothed 60 60 100
Smoothed 49 30 50
2 minor EMA Alternative 1 Alternative 2
5 and 8 4 and 8 5 and 10

These alternatives enable you to see how the moving average looks on two higher timeframes. For example, if you are viewing m15, the MA60 is the same as the MA30 on the M30 chart, and the MA120 is the same as the MA30 on the H1 chart.
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  • #58
  • Jul 28, 2019 8:41am Jul 28, 2019 8:41am
Hi DR DAVE
Thanks’ for your answer
I know the adjustments can be better and know a big moving average = an average of higher time frame.
Like you write, my post is not relevant of MACD system.
So my apologies, thanks’ for your answer again and your time, and forget my post.
Have good trades
  • #59
  • Jul 28, 2019 9:57am Jul 28, 2019 9:57am
Preliminary look at a currency correlation indicator.
EURUSD, m15, H1

I took an initial look at charts with the following indicators.
stochastic(16,3,3)
stochastic(64,9,9) overlay on the stoch16
FXCorrelator(10), levels at 0, 0.0001, -0.0001
FXCorrelator(40), levels at 0, 0.0001, -0.0001
The levels are arbitrary to mark what MIGHT be a no trade zone, but may prove to be of no use.

1. To verify that the FXC40 lines crossings are the same as FSC10 lines crossing on the H1, I marked on m15 with white verticals where the FXC40 lines cross, then switched to H1 and, as expected, the white verticals are located on the crossings of the FXC10.

2. Large gap between FXC lines = good trend to trade. It appears that when there is a large gap between the FXC lines, even if they are in the zone or are about parallel, there is s good enough trend to make profit. Especially when the FXC40 lines straddle the zone, their beginning and ending crossing of each other marks a window of a quite reasonable trend that normally displays a 1-2-3 pattern in the FXC10 crossings. During the retracement (leg 2), it looks like it is not important which line moves to narrow the gap; it is only important that the gap shrinks to see the retracement occur in price.

3. Even when the FXC40 has a good gap but FXC10 lines are running together, very little price movement occurs.

4. FXC10 lines crossing along with a stoch crossing tends to be a good signal that the FXC40 lines will soon cross. In addition, the stoch16 is often at one of the extreme lines and the %kX%d, and then shoots up to the opposite extreme line.

5. I marked with red verticals where the FXC10 lines crossed. Note how this correlates with the price bars changing direction. Could these be markers for add-on trades during the FXC40 window, or is this too sensitive?

6. The yellow verticals are the stoch16 crossing down for sells during the window of the FXC40.
The last two yellow verticals would probably be losing trades.

Attached File(s)
File Type: mq4 FXCORRELATOR_BASIC_FREE_VERSION_2013.mq4   7 KB | 375 downloads

Attached File(s)
File Type: pdf Free FXcorrelator indicator updated April 2018 pdf.pdf   1.2 MB | 542 downloads

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 70 KB
To free Gazans of Hamas, use whatever it takes.
  • #60
  • Jul 28, 2019 11:21am Jul 28, 2019 11:21am
I did a very short back test (June, July 2019, EURUSD, H1, ticks). According to the results of 80% losers, either the EA is coded backwards, or we need to reverse the buy and sell conditions.
trades: 84
winners: 14 (16.7%)
losers: 70 (83.3%)

short (won): 43 (25.6%)
long (won): 41 (7.3%)
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