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Simple H4 Mobile Trading System

  • #2,541
  • Nov 7, 2019 9:43pm Nov 7, 2019 9:43pm
Quoting laharjaya
{quote} did u take the post by ea ?
all manual trades
  • #2,542
  • Nov 8, 2019 7:37am Nov 8, 2019 7:37am
Quoting buju
yesterday I traded loosely on the rules on the 1 hour , on every currency that gave me a signal from my indicator , set the sl and tp as per the fibo 150 and did not touch the trades after that , and here are the results. {image}
So the 1H yielded better results, interesting. Actually, it's not surprising because the 4H is highly broker-dependent. The win\loss ratio is also promising, but look at the disparity between short and long wins - 71% vs 47%. Obviously some kind of trend filter is required.

Given the 71% short win ratio, it might be beneficial to increase the RR. Say, set the TP to 1 RR, then close one half at the 150% fibo level and move the SL to BE.
Trust the Awesomeness, monkeys.
  • #2,543
  • Nov 8, 2019 8:06am Nov 8, 2019 8:06am
Just to add we can use volume ( Money Flow Index) and trend indicators ( Average Directional Movement Index) while filtering deals.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 278 KB
  • #2,544
  • Nov 8, 2019 8:06am Nov 8, 2019 8:06am
Quoting buju
{quote} all manual trades
Hi BUJU,

Out of curiosity which broker are you using.
  • #2,545
  • Edited 8:38am Nov 8, 2019 8:19am | Edited 8:38am
Quoting buju
{quote} all manual trades
@ buju, can you pls do me a favour? The last EA(attached to this post) that was created for this strategy on this thread was programmed for the 4hrs time frame. So it calculates TP and SL based on 4hrs even if you attach it to 1hr. Can you kindly make it adjustable to other time frames just like your valuable indicator?
Attached File(s)
File Type: mq4 meinerEngulfTest 1.2.mq4   23 KB | 430 downloads
File Type: mq4 meinerEngulfTest.mq4   21 KB | 391 downloads
  • #2,546
  • Nov 8, 2019 8:25am Nov 8, 2019 8:25am
Quoting MyCapitas
Just to add we can use volume ( Money Flow Index) and trend indicators ( Average Directional Movement Index) while filtering deals. {image}
MFI uses volumes, but there are no such thing as true volumes in the forex. ADX is way too slow today. I'd suggest QQE. Red bars mark loss trades.
Attached Image (click to enlarge)
Click to Enlarge Name: engulf+QQE 08-11-2019 17?20?36.png Size: 21 KB


Quoting timidave
{quote} @ buju, can you pls do me a favour? The last EA(attached to this post) that was created for this strategy on this thread was programmed for the 4hrs time frame. So it calculates TP and SL based on 4hrs even if you attach it to 1hr. Can you kindly make it adjustable to other time frames just like your valuable indicator? {file}
Hey timidave,
from what I can see the EA uses the current TF, it's not bound to the 4H.
Trust the Awesomeness, monkeys.
  • #2,547
  • Nov 8, 2019 8:38am Nov 8, 2019 8:38am
Quoting SkippyTheCan
{quote} Hey timidave, from what I can see the EA uses the current TF, it's not bound to the 4H.
No, pls check very well. Apply buju's indicator to 1hr and compare it with a valid trade from the EA on 1hr. It's clear that the take profits from the EA maintains 4hrs fib
  • #2,548
  • Nov 8, 2019 8:39am Nov 8, 2019 8:39am
Quoting MyCapitas
{quote} Hi BUJU, Out of curiosity which broker are you using.
Global Prime , AU based broker.
  • #2,549
  • Nov 8, 2019 8:45am Nov 8, 2019 8:45am
Quoting timidave
{quote} No, pls check very well. Apply buju's indicator to 1hr and compare it with a valid trade from the EA on 1hr. It's clear that the take profits from the EA maintains 4hrs fib
The logic is different. Buju's indicator does not use MA, but his engulfing bar definition is actually correct (H1>H2, L1<L2 and C1>C2 for long). The EA's engulfing bar rule follows stock market rules where the body engulfs the previous bar's body.
Trust the Awesomeness, monkeys.
  • #2,550
  • Nov 8, 2019 8:53am Nov 8, 2019 8:53am
Quoting timidave
{quote} @ buju, can you pls do me a favour? The last EA(attached to this post) that was created for this strategy on this thread was programmed for the 4hrs time frame. So it calculates TP and SL based on 4hrs even if you attach it to 1hr. Can you kindly make it adjustable to other time frames just like your valuable indicator? {file} {file}
had a quick look at the ea , problem is with this:

extern int CandleShift = 6;

which effects this:

int candleLowest = iLowest(NULL,0,MODE_LOW,CandleShift,1);
double lowest = iLow(NULL,0,candleLowest);

so its taking the lowest / highest price over the last 6 candles

try changing CandleShift to 1 when you startup the ea.
  • #2,551
  • Nov 8, 2019 8:56am Nov 8, 2019 8:56am
Quoting SkippyTheCan
{quote} The logic is different. Buju's indicator does not use MA, but his engulfing bar definition is actually correct (H1>H2, L1<L2 and C1>C2 for long). The EA's engulfing bar rule follows stock market rules where the body engulfs the previous bar's body.
thats correct , i didnt put in a MA or additional indicator , thats so the trader can decide what extra indi's to base the decisions on.
  • #2,552
  • Nov 8, 2019 9:07am Nov 8, 2019 9:07am
Quoting buju
{quote} had a quick look at the ea , problem is with this: extern int CandleShift = 6; which effects this: int candleLowest = iLowest(NULL,0,MODE_LOW,CandleShift,1); double lowest = iLow(NULL,0,candleLowest); so its taking the lowest / highest price over the last 6 candles try changing CandleShift to 1 when you startup the ea.
Hi buju,
lowest seems to be used to set the SL only:

Stopploss = NormalizeDouble(lowest, Digits);
OrderAngepasst = OrderModify(OrderTicket(), OrderOpenPrice(), Stopploss, OrderTakeProfit(), 0, Yellow);

The EA logic needs to be changed but I see no use in that. IMO, it's not the kind of strategy that can be fully automated to produce good results.

Quoting buju
{quote} thats correct , i didnt put in a MA or additional indicator , thats so the trader can decide what extra indi's to base the decisions on.
Yep, good thinking
Trust the Awesomeness, monkeys.
  • #2,553
  • Nov 8, 2019 9:36am Nov 8, 2019 9:36am
Quoting SkippyTheCan
{quote} Hi buju, lowest seems to be used to set the SL only: Stopploss = NormalizeDouble(lowest, Digits); OrderAngepasst = OrderModify(OrderTicket(), OrderOpenPrice(), Stopploss, OrderTakeProfit(), 0, Yellow); The EA logic needs to be changed but I see no use in that. IMO, it's not the kind of strategy that can be fully automated to produce good results. {quote} Yep, good thinking
@ SkippyTheCan, pls if you can change the logic to trade more correctly, pls do. I've actually seen an EA using this strategy perform very well (80% and above success rate) in an 8 months bactest. It all depends on your settings sometimes. The EA I'm even talking about was released on this thread long time ago. But it still had bugs and the source code was not released.
  • #2,554
  • Nov 8, 2019 9:40am Nov 8, 2019 9:40am
Quoting timidave
{quote} @ SkippyTheCan, pls if you can change the logic to trade more correctly, pls do. I've actually seen an EA using this strategy perform very well (80% and above success rate) in an 8 months bactest. It all depends on your settings sometimes. The EA I'm even talking about was released on this thread long time ago. But it still had bugs and the source code was not released.
Here is the link to the EA and 8 months backrest that I was talking about; https://www.forexfactory.com/showthr...0#post11728200
  • #2,555
  • Nov 8, 2019 10:23am Nov 8, 2019 10:23am
Quoting buju
{quote} had a quick look at the ea , problem is with this: extern int CandleShift = 6; which effects this: int candleLowest = iLowest(NULL,0,MODE_LOW,CandleShift,1); double lowest = iLow(NULL,0,candleLowest); so its taking the lowest / highest price over the last 6 candles try changing CandleShift to 1 when you startup the ea.
Many thanks, noted
  • #2,556
  • Nov 8, 2019 10:37am Nov 8, 2019 10:37am
yeah , you dudes have got me modding this ea now . lol lets see what we can do , ill post back when i have some solid data

believe me , i want this to work as much as you guys as ive spend a week on this strat now
  • #2,557
  • Nov 8, 2019 10:56am Nov 8, 2019 10:56am
Quoting buju
yeah , you dudes have got me modding this ea now . lol lets see what we can do , ill post back when i have some solid data believe me , i want this to work as much as you guys as ive spend a week on this strat now
Fantastic... will be waiting to see it outcome, kudos to you and well done appreciate your effort
  • #2,558
  • Nov 8, 2019 11:16am Nov 8, 2019 11:16am
Quoting timidave
{quote} Here is the link to the EA and 8 months backrest that I was talking about; https://www.forexfactory.com/showthr...0#post11728200
I've seen it of course. If you'll take a look at the report, you'll see EngulfEAv2.ex4 is a completely different beast. It places buy stop and sell stop orders rather than market orders. Obviously there's something else. There's no indication to the additional criteria it uses for decision making. Too bad there's no source code.

I've modded degu35's EA, feel free to play with it. Don't expect much though; as I said, it's completely different. I also added a couple of other options.

Attached File(s)
File Type: mq4 meinerEngulfTest v.2 (Buju Logic).mq4   21 KB | 562 downloads


Quoting buju
yeah , you dudes have got me modding this ea now . lol lets see what we can do , ill post back when i have some solid data believe me , i want this to work as much as you guys as ive spend a week on this strat now
Hey buju, done some modding, check it out.
Trust the Awesomeness, monkeys.
  • #2,559
  • Nov 8, 2019 12:26pm Nov 8, 2019 12:26pm
Quoting SkippyTheCan
{quote} I've seen it of course. If you'll take a look at the report, you'll see EngulfEAv2.ex4 is a completely different beast. It places buy stop and sell stop orders rather than market orders. Obviously there's something else. There's no indication to the additional criteria it uses for decision making. Too bad there's no source code. I've modded degu35's EA, feel free to play with it. Don't expect much though; as I said, it's completely different. I also added a couple of other options. {file} {quote} Hey buju, done some modding, check it out....
Many thanks Skipper, thanks for the enlightenment and the code you've adjusted. That was very fast
  • #2,560
  • Nov 8, 2019 12:49pm Nov 8, 2019 12:49pm
@Skippy

checked it out , code looks good , kinda the same thing Im doing
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