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(binned per thread starter’s request) MM (Money Maker) Detective

  • #5,901
  • Aug 19, 2019 11:03pm Aug 19, 2019 11:03pm
Quoting timidave
Hello traders, pls where is the EA being talked about on this thread?
Page 294, post 5861 has all the information with the link.
  • #5,902
  • Aug 19, 2019 11:09pm Aug 19, 2019 11:09pm
This system is great R4M & BD! Many thanks to you.
I tested the Allpairs EA and for only 24 hrs we can see the result is superb.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 47 KB
  • #5,903
  • Aug 19, 2019 11:27pm Aug 19, 2019 11:27pm
Quoting benjun9
This system is great R4M & BD! Many thanks to you. I tested the Allpairs EA and for only 24 hrs we can see the result is superb. {image}
Benjun9, did you keep default parameters or changed something. You had quite a few trades in 24 hours..I had may be five when i just put indi and EA on the chart Good results, Thank you.
  • #5,904
  • Aug 19, 2019 11:50pm Aug 19, 2019 11:50pm
Quoting Cheiser
{quote} Benjun9, did you keep default parameters or changed something. You had quite a few trades in 24 hours..I had may be five when i just put indi and EA on the chart Good results, Thank you.
I'm testing on the m15 and h4 tf.
  • #5,905
  • Aug 20, 2019 12:04am Aug 20, 2019 12:04am
Quoting benjun9
{quote} I'm testing on the m15 and h4 tf.
Thank you. Do you keep extreme price (ADR%) 100 when trade M15?
  • #5,906
  • Aug 20, 2019 1:40am Aug 20, 2019 1:40am
Quoting Cheiser
{quote} Thank you. Do you keep extreme price (ADR%) 100 when trade M15?
Actually trading on lower tf like m15 is not recommended by R4M. The ideal tf is H4. I'm just experimenting and I wanted to see the new BDX in action so I test it on m15 so that it can make trades fast. And the result is awesome. I used 30% adr on m15. I also trade on h4 with default setting.
  • #5,907
  • Aug 20, 2019 2:03am Aug 20, 2019 2:03am
Quoting benjun9
{quote} Actually trading on lower tf like m15 is not recommended by R4M. The ideal tf is H4. I'm just experimenting and I wanted to see the new BDX in action so I test it on m15 so that it can make trades fast. And the result is awesome. I used 30% adr on m15. I also trade on h4 with default setting.
Hi benjun9,

Would you mind to send you set files here please.

Thanks
Vesko
  • #5,908
  • Aug 20, 2019 2:09am Aug 20, 2019 2:09am
@R4M

I just had a trade close on GJ.

I had Auto Exits on the dashboard - Enabled.

My understanding was that it would close the trade via midline or smoothed Heiken Ashi but it appears the ADR% TP/SL has priority. Am I misunderstanding the exit or should the Auto Exit take priority if enabled?

EDIT: Or do I need to set TP to zero and then this will allow Auto Exits to operate.
EX BBMA trader focusing on REE code.
  • #5,909
  • Aug 20, 2019 2:16am Aug 20, 2019 2:16am
Quoting benjun9
{quote} Actually trading on lower tf like m15 is not recommended by R4M. The ideal tf is H4. I'm just experimenting and I wanted to see the new BDX in action so I test it on m15 so that it can make trades fast. And the result is awesome. I used 30% adr on m15. I also trade on h4 with default setting.
@benjun9 -- thanks for posting your results above and also sharing your experience with M15. This helps me as well.

Regarding time frames... Look it, if it works then that is all that matters and feel free to ignore my recommendations. Lately I've spent minimal time testing since once I finish coding then I put it out there for people to experiment with. The reason I've been recommending H4 is because that is probably the lowest time frame that works well with 100% ADR.

To me it makes sense to define an extreme price as 100% ADR, since ADR means something. I don't know what 30% ADR means. But if it works then go for it. In fact, I've added M15 / 30% ADR to my live Real account and will trade it alongside H4 / 100% ADR.

Below is a screen shot of M15 / 30% ADR -- to my eyes it looks beautiful.
Attached Image (click to enlarge)
Click to Enlarge Name: M15-30ADR.png Size: 71 KB
  • #5,910
  • Aug 20, 2019 5:38am Aug 20, 2019 5:38am
Just a question. I am demo testing (using AllPair EA) and below is the screenshot from GBPAUD trade. Up arrow shows opening a long position, and down arrow shows closing the trade. But there is no HMA transition (and obviously no midline cross). I just wonder why EA closed the trade?

Regards,
Blackeagle
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM15.png Size: 73 KB
  • #5,911
  • Aug 20, 2019 5:45am Aug 20, 2019 5:45am
@R4M

What do you mean for HMA?
Is that Hull Moving Average?

Thanks
  • #5,912
  • Aug 20, 2019 5:47am Aug 20, 2019 5:47am
Here is a HA indicator that offers a lot of possibilities, especially look very readable when the chart is changed
Skipper13

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2.png Size: 102 KB
  • #5,913
  • Aug 20, 2019 5:51am Aug 20, 2019 5:51am
Attached File(s)
File Type: ex4 HA_APB.ex4   264 KB | 380 downloads
  • #5,914
  • Aug 20, 2019 5:57am Aug 20, 2019 5:57am
Another Question. Following is the GBPCHF chart with standard Heikin Ashi bars used for Entries. There are 3 blue dots where the transition took place but EA opened 5 long trades, where I put the up arrows, just after previous bar closed. Shouldn't we have only 3 trades?

Regards,
Blackeagle
Attached Image (click to enlarge)
Click to Enlarge Name: GBPCHFM15.png Size: 79 KB
  • #5,915
  • Aug 20, 2019 6:01am Aug 20, 2019 6:01am
And the same GBPCHF chart. Find the difference between two pictures . The fourth bar from last keeps changing its colour when current price changes. I just wonder why. As far as I know HA bars do not repaint.

Regards,
Blackeagle
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCHFM15.png Size: 79 KB
Click to Enlarge Name: GBPCHFM15-1.png Size: 79 KB
  • #5,916
  • Aug 20, 2019 6:01am Aug 20, 2019 6:01am
Quoting Cheiser
{quote} Page 294, post 5861 has all the information with the link.
Many thanks bro!
  • #5,917
  • Aug 20, 2019 6:07am Aug 20, 2019 6:07am
Quoting Blackeagle
Just a question. I am demo testing (using AllPair EA) and below is the screenshot from GBPAUD trade. Up arrow shows opening a long position, and down arrow shows closing the trade. But there is no HMA transition (and obviously no midline cross). I just wonder why EA closed the trade? Regards, Blackeagle {image}
Quote
I just wonder why EA closed the trade?
@Blackeagle -- do you see that blue 'x'? That means to Exit a long position.

Entries: When Heiken Ashi transition pokes above / below ADR band.

Exits: Midline crossing OR HMA transition -- which ever comes first. Midline crossings are red 'x's, whereas HMA transitions are blue and purple 'x's. Most of the time the midline crossing will occur first. But from time-to-time you'll hit an HMA transition. A blue 'x' will close a long trade and a purple 'x' will close a short trade.

In your example the strategy did the right thing -- the price had turned bearish and could have been headed to your SL. But the HMA transition detected a bearish, downward price movement and, so, the strategy decided it was best to get out now.
  • #5,918
  • Aug 20, 2019 6:11am Aug 20, 2019 6:11am
Quoting Blackeagle
Another Question. Following is the GBPCHF chart with standard Heikin Ashi bars used for Entries. There are 3 blue dots where the transition took place but EA opened 5 long trades, where I put the up arrows, just after previous bar closed. Shouldn't we have only 3 trades? Regards, Blackeagle {image}
@Blackeagle -- I would need see the times at which the orders were opened. I can't tell from looking at a chart when trades were actually opened.
  • #5,919
  • Edited 8:10am Aug 20, 2019 6:13am | Edited 8:10am
Quoting benjun9
{quote} Actually trading on lower tf like m15 is not recommended by R4M. The ideal tf is H4. I'm just experimenting and I wanted to see the new BDX in action so I test it on m15 so that it can make trades fast. And the result is awesome. I used 30% adr on m15. I also trade on h4 with default setting.
Be carefull with 30% ADR. Actually, there is nothing like that.

Those results are just pure luck. It wont survive during huge price swings.

100% or nothing

Edit: 100% could mean 2 things.

1. 100% ADR offsets (This applies to HTF - H4, D1). The bands then become a dynamic 200% ADR range. I strongly recommend this for beginners.

2. 50% ADR offsets (This applies to LTF - M15, M30, H1). The bands then become a dynamic 100% ADR range. This could work for scalpers but you are carrying a huge risk of price swings. The advantage is that the bands do not repaint. Get in and get out. When things go south, take the loss and run. You may and will probably lose your account with this if you are not careful.
  • #5,920
  • Aug 20, 2019 6:14am Aug 20, 2019 6:14am
Quoting robots4me
{quote} {quote} @Blackeagle -- do you see that blue 'x'? That means to Exit a long position. Entries: When Heiken Ashi transition pokes above / below ADR band. Exits: Midline crossing OR HMA transition -- which ever comes first. Midline crossings are red 'x's, whereas HMA transitions are blue and purple 'x's. Most of the time the midline crossing will occur first. But from time-to-time you'll hit an HMA transition. A blue 'x' will close a long trade and a purple 'x' will close a short trade. In your example the strategy did the right thing -- the...
I see the blue x, but the problem is HA colour was still blue meaning there was no transition, the position should have been closed 2 bars later when HA colour changed. Or by "transition", do you mean EA does not wait for bar close to check colour?

Regards,
Blackeagle
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