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Attachments: Multi Ema Cross system
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Multi Ema Cross system

  • #101
  • Dec 19, 2007 10:16am Dec 19, 2007 10:16am
Quoting domchik
well, the purpose of this condition is just to make sure that RAVI is not too high or too low.
what you suggest is to check the direction of this indicator. that wasn't my intention, but i can try



what do you mean by that ?
Thanks for trying my suggestion. As to the FisherTransform stuff: Checking the code I assumed the apply_IFT boolean variable to be a switch that activates or de-activates a Fisher transform on RAVI. Your question suggest it doesn't? Whatever, activating it didn't make any noticable difference, so I switched it off.

bye
Ohka
  • #102
  • Dec 19, 2007 10:20am Dec 19, 2007 10:20am
Quoting Ohka
Thanks for trying my suggestion. As to the FisherTransform stuff: Checking the code I assumed the apply_IFT boolean variable to be a switch that activates or de-activates a Fisher transform on RAVI. Your question suggest it doesn't? Whatever, activating it didn't make any noticable difference, so I switched it off.

bye
Ohka
oh, sorry, I haven't understood what you meant. Yes it does. and I guess you are right - it doesn't really change anything.
  • #103
  • Edited 10:40am Dec 19, 2007 10:25am | Edited 10:40am
Quoting domchik
hi, this is the latest version of this EA.

i made a few changes to it. Now I use RAVI indicator (attached) to avoid bad entrances.
it also uses a more advanced version of Take Profit Manager EA (thanks to its creator)

if this version is not profitable, probably no other version of this EA will be
This RAVI implementation seems to also show the direction of the trend, whereas Chande's original definition works more like ADX, i.e. only shows the existence and strenghts of a trend, but not it's direction. According to Chande's definition, we're not really talking about a RAVI indicator here, are we?
Is this assertion correct or am I missing the boat?

bye
Ohka
  • #104
  • Dec 19, 2007 11:33am Dec 19, 2007 11:33am
I have used RAVI in the past [not the version posted here] to determine whether the trend is good or not to get into a trade. I have found RAVI to miss a lot of good movement if one waits on it. I hope the final version posted here will be better.....
  • #105
  • Dec 20, 2007 2:13am Dec 20, 2007 2:13am
Quoting et_phonehome_2
I have used RAVI in the past [not the version posted here] to determine whether the trend is good or not to get into a trade. I have found RAVI to miss a lot of good movement if one waits on it. I hope the final version posted here will be better.....

personally I don't care about a lot of good movements, as long as those that remain are solid trades. One will not be able to profit from each and every chance, for me it's more about weeding out the bad trades, even if this will keep me out of some good trades.

Ohka
  • #106
  • Edited 12:47pm Dec 26, 2007 8:28am | Edited 12:47pm
Quoting domchik
hi, this is the latest version of this EA.

i made a few changes to it. Now I use RAVI indicator (attached) to avoid bad entrances.
it also uses a more advanced version of Take Profit Manager EA (thanks to its creator)

if this version is not profitable, probably no other version of this EA will be

Dear Domchik,

Thanks for the New EA. I tried backtesting (using default settings) on TF 30 minutes on IBFX and it regularly makes loss in every trade - It opens a trade and immediately in the next candle it closes the trade.

Please tell me :

1 - What time frame to run this on ?
2 - Is IBFX (Interbank FX) OK for trading ?
3 - This should work on all pairs - Right ?
4 - Is this system based on this -> http://5emas-forex-trading-system.co....htm?hop=omtop

Thanks Domchik.

Humble Trader
  • #107
  • Edited 9:32am Dec 27, 2007 3:53am | Edited 9:32am
Quoting Humble_trader
Dear Domchik,

Thanks for the New EA. I tried backtesting (using default settings) on TF 30 minutes on IBFX and it regularly makes loss in every trade - It opens a trade and immediately in the next candle it closes the trade.

Please tell me :

1 - What time frame to run this on ?
2 - Is IBFX (Interbank FX) OK for trading ?
3 - This should work on all pairs - Right ?
4 - Is this system based on this -> http://5emas-forex-trading-system.co....htm?hop=omtop

Thanks Domchik.

Humble Trader
i trade it on FXDD demo account.

1h chart.

i am not familiar with the system you mentioned, so i guess the answer is no or not exactly.

i have never tried to backtest it. in my forward testing, it doesn't close the order on the next candle. i am not sure why it happens in backtesting.

the last week was pretty good for this EA . i'll try to post the statement in later today or tomorrow.
  • #108
  • Dec 27, 2007 4:14pm Dec 27, 2007 4:14pm
Quoting domchik
i trade it on FXDD demo account.

1h chart.

i am not familiar with the system you mentioned, so i guess the answer is no or not exactly.

i have never tried to backtest it. in my forward testing, it doesn't close the order on the next candle. i am not sure why it happens in backtesting.

the last week was pretty good for this EA . i'll try to post the statement in later today or tomorrow.

Dear Donchik,

Thanks for your quick reply.

Yesterday while waiting for your reply I opened FXDD Demo Account and did start trading on 1 Hour TF.

With in 24 hours my $ 3000.00 account turned into $ 3102.00. This EA works very well.

However, I missed out several good moves on atleast 4 or 5 Pairs - See attached chart for GBPUSD.

The screen displays :

Distance = 22, MinDistsance = 1, isCrossed = 1, Shortok = 0 and longok = 1.

This per my understanding of the program is a correct BUY signal. However it did not open this trade for the past 3 hours - as the buy signal continued. Looks like there is some Bug that needs to be fixed or some option that must be set right.

Also it opened and closed closed EURJPY and USDJPY instantly in the same candle - Keep wondering why ?

I am using these default settings :

extern bool UseProfitManager = true;
extern bool tradeOnHolidays = false;
extern bool useATRStopLoss = true;
extern int trailingStop=15;
extern int takeProfit=100;
extern double lots=0.1;
extern int slippage = 3;
extern int ema3_period=3;
extern int ema5_period=5;
extern int ema13_period=13;
extern int ema21_period=21;
extern int ema80_period=80;
extern string ExpertName = "MultiEma_4";
extern int ExpertID = 15445631;
extern bool UseMM = true;
extern double Risk = 4;
extern int minCrossDistance = 1;
extern bool UseRavi = true;
extern double raviMax = 0.08;
extern double raviMin = -0.08;
extern double raviLowestBorder = -0.4;
extern double raviHighestBorder = 0.4;
//extern int maxCrossDistance = 7;
extern int rsiPeriod = 21;

Please advise.

My email - adil_syed at yahoo dot com.

Thanks and best regards and Have a great new year and God bless you.

Humble Trader
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 196 KB
  • #109
  • Dec 28, 2007 6:27am Dec 28, 2007 6:27am
Guys, I have been testing this system and modifying the EA to be a smiple crossover buy/sell.
I'll share the EA once is ready but for now i need to confirm one thing.
Do we only trader on CROSSOVERS??? if YES then which ones should trigger the trade? as not all MA does it at the same time?

Thanks
- Syd [dust is my bed...]
  • #110
  • Dec 28, 2007 1:58pm Dec 28, 2007 1:58pm
Quoting syedks
Guys, I have been testing this system and modifying the EA to be a smiple crossover buy/sell.
I'll share the EA once is ready but for now i need to confirm one thing.
Do we only trader on CROSSOVERS??? if YES then which ones should trigger the trade? as not all MA does it at the same time?

Thanks

for a simple cross-over system, I'd only trade at the cross-overs of the shortest MA's, but only in the direction of the longer MA's.

Ohka
  • #111
  • Edited 5:57am Dec 29, 2007 5:39am | Edited 5:57am
Quoting Humble_trader
Dear Donchik,

Thanks for your quick reply.

Yesterday while waiting for your reply I opened FXDD Demo Account and did start trading on 1 Hour TF.

With in 24 hours my $ 3000.00 account turned into $ 3102.00. This EA works very well.

However, I missed out several good moves on atleast 4 or 5 Pairs - See attached chart for GBPUSD.

The screen displays :

Distance = 22, MinDistsance = 1, isCrossed = 1, Shortok = 0 and longok = 1.

This per my understanding of the program is a correct BUY signal. However it did not open this trade for the past 3 hours - as the buy signal continued. Looks like there is some Bug that needs to be fixed or some option that must be set right.

Also it opened and closed closed EURJPY and USDJPY instantly in the same candle - Keep wondering why ?

I am using these default settings :

extern bool UseProfitManager = true;
extern bool tradeOnHolidays = false;
extern bool useATRStopLoss = true;
extern int trailingStop=15;
extern int takeProfit=100;
extern double lots=0.1;
extern int slippage = 3;
extern int ema3_period=3;
extern int ema5_period=5;
extern int ema13_period=13;
extern int ema21_period=21;
extern int ema80_period=80;
extern string ExpertName = "MultiEma_4";
extern int ExpertID = 15445631;
extern bool UseMM = true;
extern double Risk = 4;
extern int minCrossDistance = 1;
extern bool UseRavi = true;
extern double raviMax = 0.08;
extern double raviMin = -0.08;
extern double raviLowestBorder = -0.4;
extern double raviHighestBorder = 0.4;
//extern int maxCrossDistance = 7;
extern int rsiPeriod = 21;

Please advise.

My email - adil_syed at yahoo dot com.

Thanks and best regards and Have a great new year and God bless you.

Humble Trader

hi, thanks a lot for your feedback.

i got the similar results for this week.
i also saw this bug when it closes the trade on the same candle.

unfortunately, i had to close and reopen my MT and i missed one very important thing that can help me to understand why it happens :

can you tell me please what was the color of a short line on MT chart when the EA closed the order on the same candle? it can be either PLUM or LIME. according to this color i will understand which function caused this bug. maybe you can post a screen shot of this moment when it happened? it would be really great if you still have it!

i think that this problem is caused by Take Profit Manager EA that I have combined inside my EA. that's why i will run it next week with

extern bool UseProfitManager = false;

meaning that the EA will just use a regular trailing stop.
as for the missed entries - have you noticed what were the values of RSI21 and RAVI indicators? if RSI is higher than 70 , the EA won't open a BUY order (the same for SELL when RSI below 30) . Aslo, if RAVI indicator value is between 0.08 and -0.08 - it won't open any order either.

in addition, the rule says that after the EA closes LONG order, it will wait till ema13 and ema21 are crossed in SELL direction, and only AFTER this happens, it will be able to open BUY order when ema13 and ema21 are crossed in BUY direction again.
  • #112
  • Dec 29, 2007 5:45am Dec 29, 2007 5:45am
Quoting Ohka
for a simple cross-over system, I'd only trade at the cross-overs of the shortest MA's, but only in the direction of the longer MA's.

Ohka
yes, that's what i would do too. Ohka suggested this idea, but unfortunately I had no time to implement it. it would be great if anyone could do this.
  • #113
  • Dec 29, 2007 9:30am Dec 29, 2007 9:30am
Quoting domchik
yes, that's what i would do too. Ohka suggested this idea, but unfortunately I had no time to implement it. it would be great if anyone could do this.
already done, wait for a day or so and i'll post it here ... its time to give something back to you guys

thanks heaps ...
- Syd [dust is my bed...]
  • #114
  • Edited 9:52am Dec 29, 2007 9:47am | Edited 9:52am
Alright my friends, finally I am posting my EA which is still being developed but seems to be in "working" state right now.

it uses the same system as multi cross over but with the following additions/subtractions

 YES - Trade ONLY on a crossover of 3EMA and 5EMA in the direction on main trend
YES - RSI confirmation
 YES - Sound Alerts
YES - Screen indicators
YES - Time based trading
YES - One trade at a time per symbol

NO - RAVI
NO - Money management
NO - Auto TS

I always like EAs to be simple and only to be able to take trade automatically without the need of being in front of the monitor all the time. My EAs also need human supervision once trades being done - humans are better money and risk managers ....

Happy to see your comments, advice and any changes that you would like to do. In future this EA will email/sms/text msg one a trade and few other bits and pieces...

enjoy.

- Syed
Attached File(s)
File Type: mq4 Syed_MultEMA.mq4   6 KB | 855 downloads
- Syd [dust is my bed...]
  • #115
  • Dec 30, 2007 3:18pm Dec 30, 2007 3:18pm
Hi domchik,

Unfortunately I also lost all the screen settings and am not able to locate the actual colors as desired by you.

Tonight I'll watch it carefully and post the snap shot on this message.

Best regards
Humble.
  • #116
  • Dec 30, 2007 4:10pm Dec 30, 2007 4:10pm
Hi!

I want to join to you. Can you tell me:

- The cross are you using?
- The time chart?
- Are you changing any EA setup?

Thanks!
  • #117
  • Dec 31, 2007 5:12am Dec 31, 2007 5:12am
I've just made 24 pips on EURCAD using my EA ... but lossing 45 pips now - found a bug

I'll repost it onces it fixed, until then - DONT USE IT.
- Syd [dust is my bed...]
  • #118
  • Dec 31, 2007 5:26am Dec 31, 2007 5:26am
Quoting Humble_trader
Hi domchik,

Unfortunately I also lost all the screen settings and am not able to locate the actual colors as desired by you.

Tonight I'll watch it carefully and post the snap shot on this message.

Best regards
Humble.
thanks a lot!

i am pretty sure that the problem is with Take Profit Manager logic. Therefore, i am going to set UseProfitManager = false and use a regular trailing stop.

In addition, I am working on the version that implements Helon's suggestion to exit when Simple MA (8) crosses EMA(5) in the opposite direction.

looks like this exit rule is better than a trailing stop.
I am almost finished with it. Will post this version later today.
  • #119
  • Dec 31, 2007 6:10am Dec 31, 2007 6:10am
attached is a version that doesn't use Profit Manager (UseProfitManager=fasle) and instead of trailing stop, it exits upon Simple MA(8) and EMA(5) cross in the opposite direction.

trailingStop in this version is set to 0.
if you change it to another value, it will use trailing stop in addition to the above exit rule.

Please notice that it's VERY IMPORTANT to set the global variables for all the pairs before the EA starts working.

For example, if you are starting to run it on EUR/USD at the end of the uptrend, set the global variable for this pair in such a way that it will not allow to open BUY orders and will wait for the reversal. (allowLongEURUSD = 0 )
Attached File(s)
File Type: mq4 MultEma_4_1.mq4   24 KB | 736 downloads
  • #120
  • Dec 31, 2007 6:15am Dec 31, 2007 6:15am
Quoting lutitus
Hi!

I want to join to you. Can you tell me:

- The cross are you using?
- The time chart?
- Are you changing any EA setup?

Thanks!
this EA is being tested on 1h on all major pairs.

Currently i am using the default setting as they appear in the version 4_1.
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