Trade the Slope System

I took Imran's suggestion and changed the settings to 30-3-0.

Yes... now I am getting confused too........

i think EMATrader used 80-3-0, no? I can see pros and cons to setting it to a shorter frame. you might get more pips overall but are likely to get more SLs with the shorter span.. but that is just my theory so it might be way off.

i may go back to 80 for my testing.. an 85% win record is pretty exceptional if it really works out that way.

Dear Thread,

Is there any expert out there who can post the
TEXT contained within the ex4 file of the slope indicator? I am trying to pay to have this indicator coded up for eSignal and am happy to share the result with everyone afterwards.

Thanks,

Lenoxer

I followed this thread from the beginning and have a question about the entries and the logic behind them.

Let's say we want to trade off the 5min chart. What I found is that the higher timeframes are not behaving independently from the lower. Attached chart shows 5min, 15min, 30min and 60min.
As you can see the slope line changes color in lower timeframes: first 5min, then 15min and so forth. The highest TF is the last.
This is clear to me, because the higher TF includes the action in the lower ones.
But:
If you entry by the time the highest TF changes color it is NOT trading off a lower TF like 5min, because most of the times they are already blue (like in the attached chart) - it is trading from the HIGHER TF.
There is no such thing like timing the entry - you are only trading the chosen high TF.

Does it make sense to you? Hope so...
Would it make much more sense to wait for the slope changing its color to the opposite? And to enter after the next change? For example: All TF line up blue - we wait the lowest TF slope change to red and enter after the next change to blue. Like a retracement.

Look at the chart (60min still in progress, but i believe it'll stay blue)

Here it is -

//+------------------------------------------------------------------+
//| HMA.mq4
//| Copyright 2006 WizardSerg <[email protected]>, ?? ??????? ForexMagazine #104
//| [email protected]
//| Revised by IgorAD,[email protected] |
//| Personalized by iGoR AKA FXiGoR for the Trend Slope Trading method (T_S_T)
//| Link:
//| contact: [email protected]
//+------------------------------------------------------------------+
#property copyright "MT4 release WizardSerg <[email protected]>, ?? ??????? ForexMagazine #104"
#property link "[email protected]"

#property indicator_chart_window
#property indicator_buffers 3
#property indicator_color2 Blue
#property indicator_color3 Red
#property indicator_color1 Orange
#property indicator_width1 1
#property indicator_width2 1
#property indicator_width3 1

//---- input parameters
extern int period=20;
extern int method=3; // MODE_LWMA
extern int price=0; // PRICE_CLOSE
extern int EmailON=1; // 0 = false 1 = true
extern int SoundON=1; // 0 = false 1 = true
//---- buffers
double Uptrend[];
double Dntrend[];
double ExtMapBuffer[];
double buff[];


//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
IndicatorBuffers(3);
SetIndexBuffer(1, Uptrend);
//ArraySetAsSeries(Uptrend, true);
SetIndexBuffer(2, Dntrend);
//ArraySetAsSeries(Dntrend, true);
//SetIndexBuffer(2, ExtMapBuffer);
//ArraySetAsSeries(Uptrend, true);
SetIndexBuffer(0, ExtMapBuffer);
ArraySetAsSeries(ExtMapBuffer, true);

SetIndexStyle(0,DRAW_LINE);
SetIndexStyle(1,DRAW_LINE);
SetIndexStyle(2,DRAW_LINE);

IndicatorShortName("Slope Direction Line("+period+")");
return(0);
}

//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
// ???? ????? ?????? ??????
return(0);
}

//+------------------------------------------------------------------+
//| ?????????? ??????? |
//+------------------------------------------------------------------+
double WMA(int x, int p)
{
return(iMA(NULL, 0, p, 0, method, price, x));
}

//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars = IndicatorCounted();

if(counted_bars < 0)
return(-1);

int x = 0;
int p = MathSqrt(period);
int e = Bars - counted_bars + period + 1;

double vect[], trend[];

if(e > Bars)
e = Bars;

ArrayResize(vect, e);
ArraySetAsSeries(vect, true);
ArrayResize(trend, e);
ArraySetAsSeries(trend, true);

for(x = 0; x < e; x++)
{
vect[x] = 2*WMA(x, period/2) - WMA(x, period);
// Print("Bar date/time: ", TimeToStr(Time[x]), " close: ", Close[x], " vect[", x, "] = ", vect[x], " 2*WMA(p/2) = ", 2*WMA(x, period/2), " WMA(p) = ", WMA(x, period));
}

for(x = 0; x < e-period; x++)

ExtMapBuffer[x] = iMAOnArray(vect, 0, p, 0, method, x);

for(x = e-period; x >= 0; x--)
{
trend[x] = trend[x+1];
if (ExtMapBuffer[x]> ExtMapBuffer[x+1]) trend[x] =1;
if (ExtMapBuffer[x]< ExtMapBuffer[x+1]) trend[x] =-1;

if (trend[x]>0)
{ Uptrend[x] = ExtMapBuffer[x];
if (trend[x+1]<0) Uptrend[x+1]=ExtMapBuffer[x+1];
Dntrend[x] = EMPTY_VALUE;
}
else
if (trend[x]<0)
{
Dntrend[x] = ExtMapBuffer[x];
if (trend[x+1]>0) Dntrend[x+1]=ExtMapBuffer[x+1];
Uptrend[x] = EMPTY_VALUE;
}
buff[x] = trend[x];

//Print( " trend=",trend[x]);
}
if (EmailON==1 && Dntrend[0] != EMPTY_VALUE && Dntrend[1] == EMPTY_VALUE && isNewBar())
{
if (SoundON==1) Alert("SELL signal at Ask=",Ask,", Bid=",Bid,", Date=",TimeToStr(CurTime(),TIME_DATE)," ",TimeHour(CurTime()),":",TimeMinute(CurTime())," Symbol=",Symbol()," Period=",Period());
SendMail("SELL signal alert","SELL signal at Ask="+DoubleToStr(Ask,4)+", Bid="+DoubleToStr(Bid,4)+", Date="+TimeToStr(CurTime(),TIME_DATE)+" "+TimeHour(CurTime())+":"+TimeMinute(CurTime())+" Symbol="+Symbol()+" Period="+Period());
}
if (EmailON==1 && Uptrend[0] != EMPTY_VALUE && Uptrend[1] == EMPTY_VALUE && isNewBar())
{
if (SoundON==1) Alert("BUY signal at Ask=",Ask,", Bid=",Bid,", Time=",TimeToStr(CurTime(),TIME_DATE)," ",TimeHour(CurTime()),":",TimeMinute(CurTime())," Symbol=",Symbol()," Period=",Period());
SendMail("BUY signal alert","BUY signal at Ask="+DoubleToStr(Ask,4)+", Bid="+DoubleToStr(Bid,4)+", Date="+TimeToStr(CurTime(),TIME_DATE)+" "+TimeHour(CurTime())+":"+TimeMinute(CurTime())+" Symbol="+Symbol()+" Period="+Period());
}
return(0);
}

bool isNewBar()
{
static datetime lastbar=0;
datetime curbar = Time[0];
if(lastbar!=curbar)
{
lastbar=curbar;
return (true);
}
else
{
return(false);
}
}


//+------------------------------------------------------------------+

Send me a copy when you are finished. I would greatly appreciate it.

COTtrader
"Ken"

It is a Hull MA ( HMA ) Strange if it is not already coded for eSignal.

Freewheelin,

You need to pick a TF to trade off and look at 2-3 TFs lower to confirm all colors are the same. For example, if you chose 15m TF to trade off of, you look at the maybe the 10m 5m and 1m. I do not trade that small of a TF, though. Where in Greece are you?

Pete

Hi Pete,

I am in Naxos. Only x-mas time in Germany, visiting family, friends and business relations.

Thank you for the explanation, now it's understood.

I have family on Chios, way over by Turkey.

Alan Hull

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posted on 7-9-2004 at 03:30 AM http://www.stockmeetingplace.com/for...ilver/edit.gif http://www.stockmeetingplace.com/for...lver/quote.gif

HMA Construction...
The HMA is not that closely related to linear regression - the square root of the sum of the squares, etc. It is designed along geometric lines to remove lag without having to shorten the period and compromise smoothing. Hence, when compared to a line of linear regression of the same period, the HMA has superior smoothing.

HMA Application...
Because the HMA was designed to remove lag, don't use it to generate crossover trading signals. Instead you trade the turning points of the HMA...as it turns up - buy and as it turns down - sell. I actually prefer to use 2 separate HMAs with different periods - one for entry and one for exit. Tune the periods by backtesting on each financial instrument you wish to trade, ie. curve fit it in each case. Apply it to daily or weekly charts...it really doesn't matter which timeframe you use it over.

Enjoy,
Alan Hull



I found this entry from the man himself, Alan Hull.

Dear COTrader,

Thanks so much for the code. I've forwarded it to three developers and will wait for a bid and pick the most competetive one. When it's coded up, I will pay them and email you the indicator. Your input is most appreciated. Live long and prosper.

Lenoxer

Dear Thread,

What seems to me most attractive about the slope method is the ability to radically control trader error, otherwise known in the business world as quality control. If the lines are red, I'm short; white, I'm long. Such binary decision making combined with a large, unleveraged stop to adjust for the market's imprecision which in turn combined with $ volatility adjustments as per Aleksey's thread which in turn combined with several accounts using various Hull slope parameter settings to further adjust for the market's imprecisions just might do the trick.

Lenoxer

Slowly I turn. Sorry I had to say that.

Hi EmaTrader,

Do you wait for the daily candle to close to make your trade.

Thanks

Billser

I use this clock to help me see what time it is in the other markets

thanks

Billser,

I think EMATrader has left this thread. It has been over 2 months since he has posted here. I wait for the close of the daily bar.

Pete

Hi Pete,

Thanks Pete and congrats on your results..

Billser

Can others post their results with this system? I was wondering how you were doing with it?


Pete