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Attachments: Multi Ema Cross system
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Multi Ema Cross system

  • #41
  • Dec 6, 2007 3:53am Dec 6, 2007 3:53am
Quoting domchik
Hello again guys,

I would like to form an improved set of rules that will make this EA more profitable based on what you have suggested so far. Please let me know if you have any other ideas. i can prepare different versions of the EA in order to test them all.
thanks.
I still have a question about how the EA can trade more than one chart per platform. Based on your answer to me earlier about changing the global variables to make the EA trade the correct direction after restarting the platform.
  • #42
  • Dec 6, 2007 3:59am Dec 6, 2007 3:59am
Quoting nvwine
I still have a question about how the EA can trade more than one chart per platform. Based on your answer to me earlier about changing the global variables to make the EA trade the correct direction after restarting the platform.
it can't. global variables are shared between all the charts. I think that what I will do in the next version is adding a pair of global variables for different currency pairs. something like allowShortEUR-USD, allowShortGBP-USD and so on for the majors.
  • #43
  • Dec 6, 2007 8:51am Dec 6, 2007 8:51am
Hi - first of all I would like to thank all who have contributed to this system which appears to a newbie like myself to be fairly straightforward and without too many confusing indicators.
However I set up the ea earlier today and have so far have had the following results.

GBPJPY 11.58 sell - 45pips
GBPJPY 12.14 sell - 45
GBPJPY 12.34 sell - 45
" " 12.49 sell - 45
" " 14.23 sell -45

EURUSD 11.54 sell - 45

Currently 3 trades open USDJPY buy - 16 EURUSD sell -37 GBPCHF sell - 20

Am I doing something wrong here or is it one of those days !!
  • #44
  • Dec 6, 2007 9:16am Dec 6, 2007 9:16am
Quoting drumdude
It needs to only be related to crosses of MAs only.....only take a fresh cross that way when the stop is hit it will will wait for the 3 and 5 to cross again


i think the BEST way to take profit with this would be this.....
Entry:
when the 3 and 5 cross
Exit:
when the 3 and 5 cross

Is that possible to make happen?
That would constitue a market reversal system, as each exit would also be a new entry. Think about what it will do in a narrow trading range...

Ohka
  • #45
  • Dec 6, 2007 9:31am Dec 6, 2007 9:31am
I am attaching Version 2 of the EA.

The following changes have been made :

1. It can be traded on multiple charts. (every chart has its own global variables)

2. RSI level can be customizable.

3. After a trade in a certain direction is closed, another trade in that direction can be opened only after EMA13 and EMA21 are crossed in the OPPOSITE direction (instead of EMA3 and EMA5 in the previous version)

4. Conditions:

for opening SELL order :

ema21 > ema13 AND ema5 > ema3 AND ema80 > ema3 AND rsi <= 50

for opening BUY order :

ema3 > ema5 AND ema3 > ema80 AND ema13 > ema21 AND rsi >= 50

5. In addition to the trailing stop and SL, the order will be closed if EMA13 and EMA21 are crossed in the opposite direction.
Attached File(s)
File Type: mq4 MultiEma_2.mq4   11 KB | 1,024 downloads
  • #46
  • Dec 6, 2007 9:32am Dec 6, 2007 9:32am
I have just been checking the EURUSD sell order that was opened at 13.46 at 1.4594
looking at the chart the 3 ema had crossed over the 5ema going long and it appears that it should therefore have opened a long order not a short especially as the candle had just moved above the 13 ema , sorry to be a pain but I would like any advice as to if its me or poss a glitch with the ea

many thanks
  • #47
  • Edited Dec 7, 2007 5:05am Dec 6, 2007 10:10am | Edited Dec 7, 2007 5:05am
Since a new EA is out, it's no use to continue testing the old one. This is how the old one performed:
Since last week Friday, it opened 83 positions and managed to take a demo account down from 50.160 to 48.055. These 83 positions were opened while monitoring eight pairs. Each position was 0.5 lot.

Please not that the first 11 trades on this chart were trades I did manually, testing another approach. As you can seen, from the account high 50.160 there were a number of positive trades that were followed by a larger number of negative trades. Most of the negative trades were caused by re-entering the market after the prior position ran into a trailed stoploss which is part of the system.

Next week, I'll do a similar run with the new EA.

Ohka
Attached Image (click to enlarge)
Click to Enlarge Name: DetailedStatement.gif Size: 5 KB
  • #48
  • Dec 6, 2007 11:26am Dec 6, 2007 11:26am
you rock domchik. i will begin testing the new version. Your contribution is greatly apreciated.
  • #49
  • Dec 6, 2007 9:49pm Dec 6, 2007 9:49pm
I have a few suggestions 4 Version 3

a option to trade on ma cross only, Rather than if ones under the other
For example
you could say, if current MA is under MA go short
but only if past bar has MA over 10
this will solve all the problems with the entry

this would make it so you only trade at cross instead of always

this is called single entry mode in my ea's

Just a suggestion.
  • #50
  • Dec 7, 2007 2:34am Dec 7, 2007 2:34am
Quoting domchik
Hello again guys,

I would like to form an improved set of rules that will make this EA more profitable based on what you have suggested so far. Please let me know if you have any other ideas. i can prepare different versions of the EA in order to test them all.
thanks.
I'd like to test a set of rules that I'm already using manualy:
EMA 5, SMA 8, EMA 21, EMA 55 and EMA 200
Stochastic cross up + EMA5/SMA8 cross up = buy
Stochastic cross down + EMA5/SMA8 cross down = Sell

The other EMAs are in the same set up (buy with 5/8/21/55/200 and sell 200/55/21/8/5)

The stop that i'm using is the Manage Take profit EA (in metatrader forum)
This EA move the stops and take profit at some levels. When @ 12 pips it goes to Breakeven. With 25 goes to 15. The increment is 10 pips and the take profit is 10% every 10 pips.

Could you please write down the EA for this rules? I'm very profitable with this.
  • #51
  • Dec 7, 2007 5:04am Dec 7, 2007 5:04am
Domchik,

thanks a lot for integrating my suggestions into the new version.
I'm testing it on the 1HR timeframe with USDJPY, EURJPY, AUDJPY and GBPUSD. This time I have activated money management.

Right now I have another suggestion: the fixed SL per pair is an improvement, but a better way still would be to make the initial SL dependent on the volatility at that moment.
For another system Banzai implemented an indicator that takes the ATR[100] on the 4HR timeframe and uses a fraction of this value to dynamically determine the stop loss level at the time of the entry.
I've attached this code, perhaps it can give you some ideas on how to integrate something similar into your EA. B.t.w. Banzai's code displays the calculated SL-level, it does not set these automatically. It would be cool to integrate something similar, especially together with the MM your EA has.

take care
Ohka
Attached File(s)
File Type: mq4 StopLosses.mq4   3 KB | 687 downloads
  • #52
  • Dec 7, 2007 5:10am Dec 7, 2007 5:10am
Domchik,

one question about changing variables while your EA is running: I just noticed that I didn't change the risk level, so it's running at 10.0 (which I take to mean 10% maximum risk per individual trade) and I would like to reduce this. Can this be done safely while the EA is running?

cheers,
Ohka
  • #53
  • Dec 7, 2007 5:44am Dec 7, 2007 5:44am
Quoting moneyonmind
I have a few suggestions 4 Version 3

a option to trade on ma cross only, Rather than if ones under the other
For example
you could say, if current MA is under MA go short
but only if past bar has MA over 10
this will solve all the problems with the entry

Just a suggestion.
the reason that I don't enter only at the cross of ema3 and ema5 is that i wanted to make sure that in ADDITION to this condition EMA3 is above EMA80 AND EMA13 and 21 are crossed in the same direction. Very often it happens that after EMA3 and EMA5 cross, the EA waits until other conditions are met. HOWEVER, i can definitely give it a try. Could you just explain what do you mean by "but only if past bar has MA over 10" ? what exactly the rules should be ?
  • #54
  • Dec 7, 2007 5:45am Dec 7, 2007 5:45am
Quoting Ohka
Domchik,

one question about changing variables while your EA is running: I just noticed that I didn't change the risk level, so it's running at 10.0 (which I take to mean 10% maximum risk per individual trade) and I would like to reduce this. Can this be done safely while the EA is running?

cheers,
Ohka
if the EA doesn't have open orders, then you can change it.
  • #55
  • Dec 7, 2007 5:47am Dec 7, 2007 5:47am
Quoting Ohka
Domchik,

thanks a lot for integrating my suggestions into the new version.
I'm testing it on the 1HR timeframe with USDJPY, EURJPY, AUDJPY and GBPUSD. This time I have activated money management.

Right now I have another suggestion: the fixed SL per pair is an improvement, but a better way still would be to make the initial SL dependent on the volatility at that moment.
For another system Banzai implemented an indicator that takes the ATR[100] on the 4HR timeframe and uses a fraction of this value to dynamically determine the stop loss level at the time of the entry.
I've attached this code, perhaps it can give you some ideas on how to integrate something similar into your EA. B.t.w. Banzai's code displays the calculated SL-level, it does not set these automatically. It would be cool to integrate something similar, especially together with the MM your EA has.

take care
Ohka
I will definitely take a look at the attached code. Thanks!
  • #56
  • Dec 7, 2007 5:52am Dec 7, 2007 5:52am
Quoting MacFX
I'd like to test a set of rules that I'm already using manualy:
EMA 5, SMA 8, EMA 21, EMA 55 and EMA 200
Stochastic cross up + EMA5/SMA8 cross up = buy
Stochastic cross down + EMA5/SMA8 cross down = Sell

The other EMAs are in the same set up (buy with 5/8/21/55/200 and sell 200/55/21/8/5)

The stop that i'm using is the Manage Take profit EA (in metatrader forum)
This EA move the stops and take profit at some levels. When @ 12 pips it goes to Breakeven. With 25 goes to 15. The increment is 10 pips and the take profit is 10% every 10 pips.

Could you please write down the EA for this rules? I'm very profitable with this.
your setup sounds very good. can you please attach here this Manage Take profit EA so i can learn how it works?
I hope that in a week or 2 the EA i am currently working on will be in a stable condition and i will get to the one you described here. I'll send you PM before I get started to clarify some details about the rules.
Thanks!
  • #57
  • Edited 9:18am Dec 7, 2007 9:00am | Edited 9:18am
Domchik,

just this hourly bar, the new EA closed a USDJPY position and re-opened it a few seconds later, so I reckon this old issue hasn't gone away entirely...

As you can see, the new version works better, it recouped the losses of last week already.... Also visible by the large positions opened so far is the fact that I didn't reduce risk per trade, it was still at 10% during those trades...

bye
Ohka
Attached File(s)
File Type: pdf DetailedStatement.pdf   54 KB | 754 downloads
  • #58
  • Edited 11:01am Dec 7, 2007 10:51am | Edited 11:01am
I've seen a number of EMA cross-over systems that worked considerably better when the shorter of the crossing pair is taken from the close, and the longer one from the open. Your current code uses the close only.

My proposal is to let EMA(5) and EMA(21) refer to the open. Attached you'll find your code modified with this proposal.

Another idea is to let the user limit trading times. On Friday afternoon, I'd rather not open new positions - and perhaps I'd rather not trade on Sunday evenings either. What do you think about having two variables (containing time & day of week) that define the personal start and end of the trading week?

take care
Ohka
Attached File(s)
File Type: mq4 MultiEma_2_mod.mq4   11 KB | 857 downloads
  • #59
  • Dec 7, 2007 12:12pm Dec 7, 2007 12:12pm
Quoting Ohka
Domchik,

just this hourly bar, the new EA closed a USDJPY position and re-opened it a few seconds later, so I reckon this old issue hasn't gone away entirely...
hmm... i will have to try and reproduce it.. it's supposed to be able to open a new order only after ema13 and ema21 are crossed in the opposite direction. must be a bug in the code.. i'll fix it ..

Quoting Ohka
As you can see, the new version works better, it recouped the losses of last week already.... Also visible by the large positions opened so far is the fact that I didn't reduce risk per trade, it was still at 10% during those trades...
do you mean that you tried to change the risk from 10 to somrthing else, but it didn't work?
  • #60
  • Dec 7, 2007 12:15pm Dec 7, 2007 12:15pm
Quoting Ohka
Another idea is to let the user limit trading times. On Friday afternoon, I'd rather not open new positions - and perhaps I'd rather not trade on Sunday evenings either. What do you think about having two variables (containing time & day of week) that define the personal start and end of the trading week?

take care
Ohka
sure, it can be done easily
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