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Need guidance to improve my Trend Riding EA (attached) 24 replies

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Cable Riding

  • #61
  • Oct 15, 2007 5:37pm Oct 15, 2007 5:37pm
Here is my idea for a SL and PT.

Set the stop under the last swing low for a long. Exit on a big number - one that ends in 00 or 50 for a PT. Make sure the PT is at least equal to the SL.
  • #62
  • Oct 15, 2007 5:42pm Oct 15, 2007 5:42pm
Quoting Acko
If long- your stop would be at the low of the third bar back not counting current bar.
If short- it would be at the high etc....
Those sound like fantastic rules to follow.

I have also entered trades with the trend using double tops and double bottoms. This can get in the swing for the complete movement.

Thanks for you input
"Keep your eyes on the helpers" - Mr. Rogers
  • #63
  • Oct 15, 2007 5:49pm Oct 15, 2007 5:49pm
Hey Bill,
this,to me, would seem the best option. In the past I've cashed in at 95 and occasionally it does scream straight through. Doesn't happen often (news excepted), but more often than not it usually is the way to go account wise. Similarly on the short side cash in at 05. I don't usu bother at the 50 level, just keep a beady eye on proceedings.
Dave
  • #64
  • Oct 15, 2007 5:56pm Oct 15, 2007 5:56pm
Of course, Damon, if the current bar, if long, fails to close higher than the previous bar - your stop doesn't move (I think)
  • #65
  • Oct 15, 2007 5:57pm Oct 15, 2007 5:57pm
Quoting Acko
Hey Bill,
this,to me, would seem the best option. In the past I've cashed in at 95 and occasionally it does scream straight through. Doesn't happen often (news excepted), but more often than not it usually is the way to go account wise. Similarly on the short side cash in at 05. I don't usu bother at the 50 level, just keep a beady eye on proceedings.
Dave
This is good advice . If you are up...don't let your greens go to reds. Sounds like you have a good s/l scenario.

Thanks guys and keep in touch. I'm off to bed so I can wake about 12:30 and start trading . All your input is extremely helpful!
"Keep your eyes on the helpers" - Mr. Rogers
  • #66
  • Oct 15, 2007 7:37pm Oct 15, 2007 7:37pm
damonl,

My QQE has two smoothing lines. ?? I got this thing from your first post. Any ideals on how to get rid of the second line? Chart should be below.
Attached Image (click to enlarge)
Click to Enlarge Name: pic_6.gif Size: 17 KB
  • #67
  • Oct 15, 2007 7:56pm Oct 15, 2007 7:56pm
Hi HJ,
I'm no whiz at this but try: dble click on the QQE, in the window select colours tab, on #2 change the colour to 'none'. Hope this fettles it for ya
Dave
  • #68
  • Oct 15, 2007 8:08pm Oct 15, 2007 8:08pm
Quoting Acko
Hi HJ,
I'm no whiz at this but try: dble click on the QQE, in the window select colours tab, on #2 change the colour to 'none'. Hope this fettles it for ya
Dave
Acko,

right on the money. thanks. I didn't see the "none" color before.

HJ
  • #69
  • Oct 15, 2007 8:59pm Oct 15, 2007 8:59pm
If your not using the MTF option you can use this QQE which comes with an alert when it crosses.
Attached File(s)
File Type: mq4 QQE.mq4   3 KB | 282 downloads
File Type: ex4 QQE Alert v2.ex4   6 KB | 295 downloads
  • #70
  • Oct 15, 2007 9:05pm Oct 15, 2007 9:05pm
Very kind of you Cryts. Will download t'morra, struggling to keep eyes open. Must hit the sack. Gnite all
Dave
  • #71
  • Oct 16, 2007 8:25am Oct 16, 2007 8:25am
Guys, think I've sussed how to do this, here's the xpma for your enjoyment. Try it.
Attached File(s)
File Type: mq4 xpMA.mq4   10 KB | 311 downloads
  • #72
  • Oct 16, 2007 8:57am Oct 16, 2007 8:57am
Damon and everyone else

I Personally think that moving average crosses systems are risky by nature, as you (Damon) stated on the rules. I like this system becuase how the price behaves above/under moving averages. But I still have problems with QQE crossovers. I don't think they necessary represents what the price is doing along moving averages.

Maybe if we take in consideration QQE crossovers above/below 50 line in accord with the moving averages???

Maybe I am missing something here???

By the way Thanks a lot for sharing Damon. I am following this thread with interest.

I admire you to take some time off this madness called forex and spent time with your family, as I do that myself.
  • #73
  • Oct 16, 2007 8:58am Oct 16, 2007 8:58am
Quoting Acko
Guys, think I've sussed how to do this, here's the xpma for your enjoyment. Try it.

Acko

Does this indicator repaints??
  • #74
  • Oct 16, 2007 9:01am Oct 16, 2007 9:01am
C.E.O. who I believe had a lot of input into this indi reckons that it does not repaint.
Dave
  • #75
  • Oct 16, 2007 9:08am Oct 16, 2007 9:08am
Quoting Acko
C.E.O. who I believe had a lot of input into this indi reckons that it does not repaint.
Dave
Thanks Dave

I will look into that
  • #76
  • Oct 16, 2007 3:08pm Oct 16, 2007 3:08pm
Hi Acko

Can you tell me, please, is your xpma set to 25? It's just that mine is defaulted to 24 and I'm wondering if I should change it (probably makes very little difference!?)

Thanks


Macca.
  • #77
  • Oct 16, 2007 4:04pm Oct 16, 2007 4:04pm
Hi Macca,
I am still relatively new to the xpma and still experimenting. On the screenshot of the earlier post the settings were; MA period 25 & MA type 3.
But I am now looking at settings of 12 and 5 respectively to replicate the 25ema.
As a side note I'm also looking at trading using two xpma's. As they are coloured maybe trading in the direction of two same colours. Like I say....still working on it. HTH
Dave
  • #78
  • Oct 16, 2007 4:11pm Oct 16, 2007 4:11pm
Thanks again Dave

I'll have a play and keep an eye on this very interesting thread!

Cheers

Mark.
  • #79
  • Oct 17, 2007 12:19am Oct 17, 2007 12:19am
Hello,

I spent that last two days watching the indicators to try and find an alternative to the QQE. As I can see where people will have trouble with the false moves.

After much evaluation, I have come to the conlusion that Cornelius in th "Trading 8 paisrs thread" all ready has this figured out and after two solid days of evaluating indicators is using the correct ones.

For great intra day swing trading and beginning day breakouts I suggest you start with post #320 in his forum. We'll see you there.

Damon
"Keep your eyes on the helpers" - Mr. Rogers
  • #80
  • Oct 17, 2007 2:06am Oct 17, 2007 2:06am
Quoting damonl
Hello,

I spent that last two days watching the indicators to try and find an alternative to the QQE. As I can see where people will have trouble with the false moves.

After much evaluation, I have come to the conlusion that Cornelius in th "Trading 8 paisrs thread" all ready has this figured out and after two solid days of evaluating indicators is using the correct ones.

For great intra day swing trading and beginning day breakouts I suggest you start with post #320 in his forum. We'll see you there.

Damon
Cornelius has a new system every day. Which one?
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