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Attachments: 'Snap Crackle Pip' System
Exit Attachments

'Snap Crackle Pip' System

  • #101
  • Dec 28, 2007 9:41pm Dec 28, 2007 9:41pm
cool settings 18 and 45 on 1H, thanks...

But I think simply trading EA crossovers is not enough to
be considered a real system.

Still, your settings can be ok for determining trend.
  • #102
  • Dec 30, 2007 10:35am Dec 30, 2007 10:35am
Quoting Ibuks
Hi all,

I found this EA for the system. It runs as per the rules. Just got it tonight and will start testing from Monday. I found it on this website: http://www.getforexsoftware.com/cate...pert-advisors/.

Pls download it along with the pdf file so that you can understand the settings.

You only need to change the moving averages as well as the mode (Simple=0, expenential=1) and the lot size.

Happy pipping...
Buk,

I commend you for retrieving this for the rest of us. I have downloaded the file and will give it a thorough evaluation once the market starts back up. I have looked at the code and noticed that it does one thing that my last EA could not; open only one order at a time. And that is very important for our system. I have also looked to see if there is a built in stop loss, and there is not. This pleases me quite a bit, but may be something to look out for if you require one of those for your sanity when you are away from the trading block.

One thing to be aware of: This code uses a "Median" price on the candle to buy during the EMA cross. You can change this to the "Close" of the candlestick like our indicator has been doing by changing the following code in the indicator (quite simple):

extern string comment3 = "*** Moving Average Options ***";
extern int Long_MA_Period = 45; was 200, I changed to 45
extern int Long_MA_Method = 1; was 0, I changed to 1
extern int Long_MA_Applied_Price = 0; was 4, I changed to 0

extern int Short_MA_Period = 18; was 50, I changed to 18
extern int Short_MA_Method = 1; was 0, I changed to 1
extern int Short_MA_Applied_Price = 0; was 4, I changed to 0

By changing the Method to 0, we switched from simple moving average to exponential moving average (as mentioned by Buk)

By changing the Applied Price to 0, we switched from the median price of the candle, to the closing price of the candle. You could also choose to play around with the following for the candles:

0= Close
1= Open
2= High
3= Low
4= Median
5= Typical
6= Weighted



Backtesting this looks like it is favorable for a wide range of pairs. Now, I know this backtesting can be flawed in terms of actual profit, but I was just using it to see if the EA executes the way that it should. Many people will change their strategy to take profit if they are up into the triple digit pips, and I completely understand that notion.

Once again, great job posting this Buk, we will all undoubtedly learn quite a bit from tweaking any indicator that mirrors the system.
"60% of the time it works...every time"
  • #103
  • Dec 30, 2007 3:23pm Dec 30, 2007 3:23pm
here is another twist... with the add of Rsi21 and Envelopes.

Envelope setting: 10 / exponential / HLC/3 Dev 0.3%

Lines: Red = 18 Blue = 45 DarkGrn = 72 Purple = 200ema


Notes: Because the daily trend is down I used 72 ema cross as entry in this example and a reading above 50 RSI 21.

First close = we pierced the upper band of envelope and closed. Because the trend is down on the daily you could take the retrace from this point. But for simplicity I am not showing that.

Also notice the previous bounces from the 18ema. We wait for the open of the new bar that is resting right on the 18ema and open a new long.

You can also notice after the second entry that price continues to rise, but Rsi more or less is flat. This is when you should look for an exit. Anywhere near the upper envelope band is good.

The envelope bands aren't perfect however, but could add a new twist to the method. Alot of times when price pierces the upper or lower bands of the envelope it will trade back from these points... which can make them good exit points. http://fxautotraderselite.ipbfree.co...type=post&id=4
  • #104
  • Dec 30, 2007 4:32pm Dec 30, 2007 4:32pm
Hi,

from what I've read so far seems like a promising yet KISS system - which I like. Could you please reiterate the job of the 72 ema? Is that to be used as further confirmation to the signal waiting for a cross up or down to go long/short after we have a cross on the other 2?

Also - form other testing I've done on the BGX the MFI (14) seems to give pretty nice confirmations to the main signals - I haven't tested it with this one yet as I just found it but was wondering if anyone else had or had any insight.

I'm having a hard time with the email issue as well and can't quite figure out why - ,ight be because I'm demoing on the MT$?

keep up the good work and thanks again...when I buy my new ferrari I'll take you for a spin

Cheers
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #105
  • Dec 30, 2007 5:09pm Dec 30, 2007 5:09pm
email working ok...no need for username or passwrd as already stated.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #106
  • Dec 30, 2007 7:18pm Dec 30, 2007 7:18pm
Quoting pip_seeker
here is another twist... with the add of Rsi21 and Envelopes.

Envelope setting: 10 / exponential / HLC/3 Dev 0.3%

Lines: Red = 18 Blue = 45 DarkGrn = 72 Purple = 200ema


Notes: Because the daily trend is down I used 72 ema cross as entry in this example and a reading above 50 RSI 21.

First close = we pierced the upper band of envelope and closed. Because the trend is down on the daily you could take the retrace from this point. But for simplicity I am not showing that.

Also notice the previous bounces from the 18ema. We wait for the open of the new bar that is resting right on the 18ema and open a new long.

You can also notice after the second entry that price continues to rise, but Rsi more or less is flat. This is when you should look for an exit. Anywhere near the upper envelope band is good.

The envelope bands aren't perfect however, but could add a new twist to the method. Alot of times when price pierces the upper or lower bands of the envelope it will trade back from these points... which can make them good exit points. http://fxautotraderselite.ipbfree.co...type=post&id=4
Seeker,

nice assessment, sounds like you've been able to take advantage of an EMA system and found the benefits of a defined exit strategy. Looking at your chart, it appears to me that your 'final exit zone' is in the right area, but not until the back end of the down candles where the Rsi 21 crosses below 50. And are the envelopes that you are talking about like Bollinger Bands? I've never been a huge fan of Bollinger bands and Rsi analysis, but I'm not going to discount anything at this point that may help us here. As far as I'm concerned, any suggestions you have are as good as any of mine. Cheers and good luck through the week. If you could post another chart that happens this week with your analysis, that would be great.
"60% of the time it works...every time"
  • #107
  • Dec 30, 2007 8:18pm Dec 30, 2007 8:18pm
Quoting slade15342
Buk,

I commend you for retrieving this for the rest of us. I have downloaded the file and will give it a thorough evaluation once the market starts back up. I have looked at the code and noticed that it does one thing that my last EA could not; open only one order at a time. And that is very important for our system. I have also looked to see if there is a built in stop loss, and there is not. This pleases me quite a bit, but may be something to look out for if you require one of those for your sanity when you are away from the trading block.

One thing to be aware of: This code uses a "Median" price on the candle to buy during the EMA cross. You can change this to the "Close" of the candlestick like our indicator has been doing by changing the following code in the indicator (quite simple):

extern string comment3 = "*** Moving Average Options ***";
extern int Long_MA_Period = 45; was 200, I changed to 45
extern int Long_MA_Method = 1; was 0, I changed to 1
extern int Long_MA_Applied_Price = 0; was 4, I changed to 0

extern int Short_MA_Period = 18; was 50, I changed to 18
extern int Short_MA_Method = 1; was 0, I changed to 1
extern int Short_MA_Applied_Price = 0; was 4, I changed to 0

By changing the Method to 0, we switched from simple moving average to exponential moving average (as mentioned by Buk)

By changing the Applied Price to 0, we switched from the median price of the candle, to the closing price of the candle. You could also choose to play around with the following for the candles:

0= Close
1= Open
2= High
3= Low
4= Median
5= Typical
6= Weighted



Backtesting this looks like it is favorable for a wide range of pairs. Now, I know this backtesting can be flawed in terms of actual profit, but I was just using it to see if the EA executes the way that it should. Many people will change their strategy to take profit if they are up into the triple digit pips, and I completely understand that notion.

Once again, great job posting this Buk, we will all undoubtedly learn quite a bit from tweaking any indicator that mirrors the system.
morning slade,
its 10.20am in Malaysia now!

Can u share your edited version of this EA.
{Promotion Removed}
  • #108
  • Dec 30, 2007 9:51pm Dec 30, 2007 9:51pm
Pop,

Malaysia huh? Heard the scuba diving is amazing there. Maybe if we make it with this system, we can all meet for a vacation aboard your yacht.

I have attached the EA that was modified. BUT, there is one slight modification that I think works well. The EA now buys at the opening of the next candle, getting into the trade at what appears to be right after the close of the candle where the 18 EMA crosses the 45.

No worries, try it out, and thank Buk one more time for posting it so I could modify.

Run it live, and run it wide open.

Prosperous trading everyone.
Attached File(s)
File Type: mq4 simplefx ver1 for snapcracklepip 123007.mq4   10 KB | 526 downloads
"60% of the time it works...every time"
  • #109
  • Dec 30, 2007 11:09pm Dec 30, 2007 11:09pm
Quoting slade15342
Pop,

Malaysia huh? Heard the scuba diving is amazing there. Maybe if we make it with this system, we can all meet for a vacation aboard your yacht.

I have attached the EA that was modified. BUT, there is one slight modification that I think works well. The EA now buys at the opening of the next candle, getting into the trade at what appears to be right after the close of the candle where the 18 EMA crosses the 45.

No worries, try it out, and thank Buk one more time for posting it so I could modify.

Run it live, and run it wide open.

Prosperous trading everyone.
Thanks for all the great modifications. Is there a way you can add T/P and S/L?

Thanks.
  • #110
  • Dec 30, 2007 11:38pm Dec 30, 2007 11:38pm
Quoting slade15342
Pop,

Malaysia huh? Heard the scuba diving is amazing there. Maybe if we make it with this system, we can all meet for a vacation aboard your yacht.

I have attached the EA that was modified. BUT, there is one slight modification that I think works well. The EA now buys at the opening of the next candle, getting into the trade at what appears to be right after the close of the candle where the 18 EMA crosses the 45.

No worries, try it out, and thank Buk one more time for posting it so I could modify.

Run it live, and run it wide open.



Prosperous trading everyone.
This EA will not close an existing position if the ema's cross in the opposite direction....correct?
  • #111
  • Dec 30, 2007 11:44pm Dec 30, 2007 11:44pm
Quoting orion70
This EA will not close an existing position if the ema's cross in the opposite direction....correct?
The EA is suppose to close an existing order if the ema crosses in the opposite direction.
  • #112
  • Dec 30, 2007 11:45pm Dec 30, 2007 11:45pm
Quoting Ibuks
The EA is suppose to close an existing order if the ema crosses in the opposite direction.

The EA is suppose to close an existing order if the ema crosses in the opposite direction and open another one in the new direction.
  • #113
  • Dec 30, 2007 11:55pm Dec 30, 2007 11:55pm
Quoting Ibuks
The EA is suppose to close an existing order if the ema crosses in the opposite direction and open another one in the new direction.
Good...good. Sounds promising!

I can almost guess there will be numerous small losses in choppy markets but (hopefully) enough big winners to offset those.
  • #114
  • Dec 31, 2007 12:22am Dec 31, 2007 12:22am
Not real sure what happened here but the EA took a trade on EURAUD even though the last ema cross was on Dec 27th.

http://i5.photobucket.com/albums/y17...n70/EURAUD.jpg
  • #115
  • Dec 31, 2007 4:14am Dec 31, 2007 4:14am
Hi,

I have the opposite problem...didn't trigger the short postion on the cross of the EUR JPY (am new at using ea's mind you) and the smiley on the top right is sad...even though I have an alert saying that the EA was initialized...and have all the info on the top left of the screen I'm using the simplefx ea modified to correct the ema's etc....and demoing on a MIG account.


help?
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #116
  • Dec 31, 2007 4:18am Dec 31, 2007 4:18am
Now I see what happened. I didn't realize that the EA would open a position mid-trend...without waiting for a new signal. Once I changed the magic number for each pair, it opened trades for all of them at the beginning of a new bar. Still, if I were to use this live, I would probably use something like the attached alert to notify me to activate the EA thus getting me in on the beginning of the move.

Another thing I like about this EA is the fact that you can play around with different ma's. Just looking back at the charts for GJ, I noticed several large losses using the default settings. I am trying ema's of 8 and 34 now.
Attached File(s)
File Type: mq4 2MA CrossoverWithPrice.mq4   9 KB | 433 downloads
  • #117
  • Dec 31, 2007 4:21am Dec 31, 2007 4:21am
Quoting coscorp
Hi,

I have the opposite problem...didn't trigger the short postion on the cross of the EUR JPY (am new at using ea's mind you) and the smiley on the top right is sad...even though I have an alert saying that the EA was initialized...and have all the info on the top left of the screen I'm using the simplefx ea modified to correct the ema's etc....and demoing on a MIG account.


help?
Did you check Tools>Options>Expert Advisors to make sure 'allow live trading' is enabled?
  • #118
  • Dec 31, 2007 7:26am Dec 31, 2007 7:26am
Orion,

Thanks for joining the thread! I have seen your name around here quite a bit, and your comments are greatly appreciated. I haven't looked at your attached EA yet (I have a real job too unfortunately), but I will get to it soon.

For those of you that have trades opening at the wrong time, I'm sorry, and this just proves we need to test the EA more. I suggest all of you try the new EA just posted by Orion and change the MAs to your preference.

Orion: Do you think you could give us an update on the 8/34 EMA cross system to see how it has been comparing to the 18/45 this thread started with? Thanks in advance, and thanks again for adding to the discussion.

Cheers everyone.
"60% of the time it works...every time"
  • #119
  • Dec 31, 2007 8:30am Dec 31, 2007 8:30am
orion...thanks...seems ok now..just have to wait for the next signal and see what it does....
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #120
  • Dec 31, 2007 9:15am Dec 31, 2007 9:15am
Fellow traders,

I just got a buy signal from the Snap indicator at 3:00 PM GMT for the USDCAD pair. I also had a problem with an errant buy signal on the EURGBP pair buying where it shouldn't have. All the more reason to check out Orions program. Hope everyone gets in on the USDCAD. I don't know about you, but I'm seeing some wicked movement. Must be news that I really don't pay attention to.

Good luck.
"60% of the time it works...every time"
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