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TEB sytstem

  • #1,861
  • Jul 16, 2007 2:29pm Jul 16, 2007 2:29pm
Quoting guess121
Hi Vder,

Ok, so back testing anything would not really prove successful then?

Thanks,
Guess

Hey guess121, backtesting can be successful because you wait for the cross to be solidified ie. wait for the candle to close. When a candle is being formed, the stochs can cross and then uncross depending on how the market is moving. therefore, I will wait for a cross to be confirmed BEFORE placing a trade. In backtesting it should prove to be the same as forward testing as you are waiting for the crosses before making a trade.
  • #1,862
  • Jul 16, 2007 3:25pm Jul 16, 2007 3:25pm
The TEB EA is based solely on TEB2. It opens positions based on those orders.

There is no exit strategy in this EA! But if someone's got some good ideas, I'll entertain them. right now, it just moves the SL in accordance to the TS values, waits until the SL get hits, then closes order.

Here's the meaning of some of the variables:
MoneyManagement - Change to false to shutdown money management controls.
TradeSizePercent - Change to whatever percent of equity you wish to risk.
Lots - Used only if MoneyManagement if set to false.
LotSize - Contract size of a single lot
Leverage - leverage you get from your brokder
StopLoss - Stop Loss
UseTrailingStop - Use Trailing Stop
TrailingStopType - Type 1 moves stop immediately, Type 2 waits til value of TS is reached
TrailingStop - Pip value of trailing stop
UseTakeProfit - Use Take Profit
TakeProfit - Pip value of where you want take profit taken
Slippage - For definition of slippage, google it.
time1 - Lower time frame. ie. using 4h and 30 min, this would be 30
time2 - Higher time frame. ie. using 4h and 30 min, this would be 240

Take a look. Test run, etc. If we can fine tune it, I would like that. I'll post all versions as I get input back. And when we come up w/ something that's final, it'll be here for all to use.

I don't want to mess w/ the MoneyManagement stuff. I know that works on other EA's I've messed with.

What I want us to work on is Exits and Entrys (Entrys if needed).
Attached File(s)
File Type: mq4 TEB system.mq4   17 KB | 608 downloads
  • #1,863
  • Jul 16, 2007 4:53pm Jul 16, 2007 4:53pm
Hi Vder,

Thanks, that explains everything

Thanks!

Quoting vder
Hey guess121, backtesting can be successful because you wait for the cross to be solidified ie. wait for the candle to close. When a candle is being formed, the stochs can cross and then uncross depending on how the market is moving. therefore, I will wait for a cross to be confirmed BEFORE placing a trade. In backtesting it should prove to be the same as forward testing as you are waiting for the crosses before making a trade.
  • #1,864
  • Jul 16, 2007 4:57pm Jul 16, 2007 4:57pm
Quoting vder
Hey guess121, backtesting can be successful because you wait for the cross to be solidified ie. wait for the candle to close. When a candle is being formed, the stochs can cross and then uncross depending on how the market is moving. therefore, I will wait for a cross to be confirmed BEFORE placing a trade. In backtesting it should prove to be the same as forward testing as you are waiting for the crosses before making a trade.
Thanks vder. That reminded me, that's what the EA does that I wrote. It waits until the candle is closed.
  • #1,865
  • Jul 16, 2007 5:15pm Jul 16, 2007 5:15pm
Hi Nondisclosure00,

I would like to ask a couple of questions about this EA and how it works.

1. Teb 2, 4H and 3M, stochs 5,3,3 and 14,3,3?

2. Does it use both 5,3,3 and 14,3,3 stochs for the cross?

3. So when the 4h crosses it then waits for the 30M to cross in the same direction and then it will trade?

4. Also I want a simple setup and not too sure how this can be done on this EA to test. When the criteria comes into play for the trade, can I want the system to close on the 10 pips, as I am having issues running a backtest, can anyone help?

Thanks in advance!
Guess

Thanks in advance.

Quoting nondisclosure00
The TEB EA is based solely on TEB2. It opens positions based on those orders.

There is no exit strategy in this EA! But if someone's got some good ideas, I'll entertain them. right now, it just moves the SL in accordance to the TS values, waits until the SL get hits, then closes order.

Here's the meaning of some of the variables:
MoneyManagement - Change to false to shutdown money management controls.
TradeSizePercent - Change to whatever percent of equity you wish to risk.
Lots - Used only if MoneyManagement if set to false.
LotSize - Contract size of a single lot
Leverage - leverage you get from your brokder
StopLoss - Stop Loss
UseTrailingStop - Use Trailing Stop
TrailingStopType - Type 1 moves stop immediately, Type 2 waits til value of TS is reached
TrailingStop - Pip value of trailing stop
UseTakeProfit - Use Take Profit
TakeProfit - Pip value of where you want take profit taken
Slippage - For definition of slippage, google it.
time1 - Lower time frame. ie. using 4h and 30 min, this would be 30
time2 - Higher time frame. ie. using 4h and 30 min, this would be 240

Take a look. Test run, etc. If we can fine tune it, I would like that. I'll post all versions as I get input back. And when we come up w/ something that's final, it'll be here for all to use.

I don't want to mess w/ the MoneyManagement stuff. I know that works on other EA's I've messed with.

What I want us to work on is Exits and Entrys (Entrys if needed).
  • #1,866
  • Jul 16, 2007 7:28pm Jul 16, 2007 7:28pm
Quoting guess121
Hi Nondisclosure00,

I would like to ask a couple of questions about this EA and how it works.

1. Teb 2, 4H and 3M, stochs 5,3,3 and 14,3,3? 4H and 60M. Although you can change that to whatever timeframes you want.

2. Does it use both 5,3,3 and 14,3,3 stochs for the cross? Yes. The 5,3,3 has to cross w/ it's signal and so does the 14,3,3 w/ it's signal.

3. So when the 4h crosses it then waits for the 30M to cross in the same direction and then it will trade? There is no 'waithing'. When the 4h crosses, it checks the other time to see if it's crossing at that time. If not, it'll wait until the next 4H bar; Then do it all over again.

4. Also I want a simple setup and not too sure how this can be done on this EA to test. When the criteria comes into play for the trade, can I want the system to close on the 10 pips, as I am having issues running a backtest, can anyone help? Issues? What issues? The way this EA is written now, you won't make any money. As I said in the orginal post, there is NO exit strategy. One needs to be implimented.

Thanks in advance!
Guess

Thanks in advance.
See answers above.
  • #1,867
  • Jul 16, 2007 7:54pm Jul 16, 2007 7:54pm

awesome work on the EA. I will wait till I have a chance to test it out. thanks for the contribution!

  • #1,868
  • Jul 16, 2007 8:03pm Jul 16, 2007 8:03pm
Great Nondis.
I have it running on a North Finance demo.
I don't have a lot of experience with ea's but will try to give you some feedback.
Initially I'm thinking a two lot entry with one lot having a 20 pip target price and if reached then the second lot set so the trade would at least break even. It'll be fun to see how your 25 pip trailing stop works. I'd for sure chicken out if the ea gives a signal in the opposite direction!
A 50 pip stoploss might be best but let's hope 25 would work without ruining too many winning trades.
Thanks!
Bill
  • #1,869
  • Edited 8:33pm Jul 16, 2007 8:22pm | Edited 8:33pm
Nondisclosure00,
#1 wish list item: noisey alert!

As time permits it'll be great trying to scalp in the direction of the ea's trade using 5min charts maybe (if I'm alerted!).

I'm using 60/240 and 30/240 on the ea.
  • #1,870
  • Jul 17, 2007 7:01am Jul 17, 2007 7:01am
Hi Nondisclosure00,

Can I ask you one thing, if this is possible at all and wondering if you could implement it if possible?

I think it is simple, but I might be wrong.

I am looking at stochs on 5,3,3 on the 4 hour time frame, when the cross occurs, I then want to look on the 30 minute time frame for the stoch to cross in the same direction ( or if it is already crossed and heading in that direction) to alert me, send me mail.

Can anything be written, indicator or EA?

Thanks in advance,
Guess
  • #1,871
  • Jul 17, 2007 7:03am Jul 17, 2007 7:03am
I know this already works, slightly differently, where both the stochs, 5 and 14,3,3 are crossed and are in the same direction.

Thanks,
Guess
  • #1,872
  • Jul 17, 2007 8:34am Jul 17, 2007 8:34am
Have you tried to exit on 30min (14,3,3) stoch. I believe that was in the original rules for teb2.
  • #1,873
  • Jul 17, 2007 9:44am Jul 17, 2007 9:44am
Quoting willmalou
Have you tried to exit on 30min (14,3,3) stoch. I believe that was in the original rules for teb2.
Waiting for the 30min opposite signal might be good...
Teb ea 60/240 went long guppy at 248.36 12.5 hours ago at 7:01pm Los Angeles but the 30/240 didn't.
A 25 pip stoploss would have closed the trade before the big run up.
So a 50 stoploss would get this trade.
Still long at 249.96 and the 30min (14,3,3) is still above 80 and long but the 30min (5,3,3) looks like it would exit this trade for the first time when this candle closes in 20 minutes at this level or less.
  • #1,874
  • Jul 17, 2007 9:49am Jul 17, 2007 9:49am
Is there a way to tell the ea not to open a long position if ithe stoch's are above 80 or a short if below 20. The position usually reverses right after causing a lost.
Attached Image (click to enlarge)
Click to Enlarge Name: Tebea.jpg Size: 57 KB
  • #1,875
  • Jul 17, 2007 11:07am Jul 17, 2007 11:07am
Okay Nondisclosure00,
Our exhaustive empirical evidence is definitive (well...this guppy trade is still doing good at least):
50 pip stoploss
no buy signals if above 80 or visa versa
exit a 30/240 signal or 60/240 signal on the opposite 30min (14,3,3) signal.

Instead of multiple units with breakeven targets a noisey alert would be good so we can just scalp in the direction of the trend.
  • #1,876
  • Jul 17, 2007 11:29am Jul 17, 2007 11:29am
Hi,

As you can probably tell, I am really crap with EAs.

I've got the EA setup on my machine, though it does not seem to be running any trades, even though there have been crosses, I have not got all the stochs setup on my screen, is that why?

Can someone please help me with setting up the stochs?

Thanks in advance,
Guess
  • #1,877
  • Jul 17, 2007 11:41am Jul 17, 2007 11:41am
Quoting guess121
Hi,

As you can probably tell, I am really crap with EAs.

I've got the EA setup on my machine, though it does not seem to be running any trades, even though there have been crosses, I have not got all the stochs setup on my screen, is that why?

Can someone please help me with setting up the stochs?

Thanks in advance,
Guess
Here's a start: http://www.forexfactory.com/showthread.php?t=8984
  • #1,878
  • Jul 17, 2007 11:56am Jul 17, 2007 11:56am
A more generic, programmable exit:

Close trade when the 14,3,3 stoch. of 1/8th the time period of the long time period to enter the trade gives an opposite signal.

So if 60/240 is used to enter 1/8 of 240 is 30min (14,3,3) is used to exit.
  • #1,879
  • Jul 17, 2007 12:00pm Jul 17, 2007 12:00pm
Great thanks Poocher...

That's done the trick, final few questions, as we are running 2 time frames, do we have to setup the MTF stochs like so:

5,3,3 - 30mins
14,3,3 - 30 mins

5,3,3 - 4hours
14,3,3 - hours

Thanks,
Guess

Quoting Poocher
Here's a start: http://www.forexfactory.com/showthread.php?t=8984
  • #1,880
  • Jul 17, 2007 12:04pm Jul 17, 2007 12:04pm
Quoting guess121
Great thanks Poocher...

That's done the trick, final few questions, as we are running 2 time frames, do we have to setup the MTF stochs like so:

5,3,3 - 30mins
14,3,3 - 30 mins

5,3,3 - 4hours
14,3,3 - hours

Thanks,
Guess
I'm not sure. But I'd guess Nondisclosure00's ea. would do all of the time period and indicator computations if the ea is opened on the lowest time frame that the ea makes computations for. I'm not that experienced so I have the ea's running the way you have it set up with time frames and indicators already made.
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