Attached File(s)
- #63
- Dec 31, 2007 9:12pm Dec 31, 2007 9:12pm
Is GPB/JPY the only pair you can use this on? Can I use it on other pairs? Please let me know the pairs I can try this on.
Anopueme,
once I code the EA using everyone's suggestions, then we can try any pair, any timeframe.
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
- #64
- Jan 1, 2008 7:24am Jan 1, 2008 7:24am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
once I code the EA using everyone's suggestions, then we can try any pair, any timeframe.
I can understand the difficulty of coding a trend-spotting routine, so how about returning to my original mis-conception af the exit point for the trade?
My idea is to exit a trade when the price crosses and closes beyond the 21 sma in the opposite direction to the trade.
Depending on how sophisticated you want the ea to become, you could include an option to close, say, 50% of the trade in case the price movement is merely a strong retracement. Combined with a jumping stop of 150 pips or so, this could allow a trade to follow a massive movement for a considerable time.
- #65
- Jan 1, 2008 7:32am Jan 1, 2008 7:32am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Just one more post about NicoTina's 8 hour gj strategy.
The attached zipfile includes:
The attached zipfile includes:
- the ea asgain
- the three set files I use, to get you started
- the .doc file with instructions. You need to pay particular attention to RangeStart, RangeEnd and CloseEndOfDayCandle.
I ask you please, not to pose questions here about this ea because this thread is about a different strategy. If unsure about anything, go to the thread at http://www.forexfactory.com/showthread.php?t=51365 and read about it. I urge you all to do this; I am already making live pips with this ea, and so are many others.
- #68
- Jan 1, 2008 5:00pm Jan 1, 2008 5:00pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
So what's the exit point!!!???
If nobody wants me to code an EA for this strategy, then why am I always looking for new posts, and wasting my time???
I tried a couple of posts ago - perhaps you missed it or dismissed it as rubbish. I wouldn't blame you - I don't have a lot of experience.
What I wrote was:
That is an exciting prospect. I have put the template on other charts and there looks to be considerable potential.
I can understand the difficulty of coding a trend-spotting routine, so how about returning to my original mis-conception af the exit point for the trade?
My idea is to exit a trade when the price crosses and closes beyond the 21 sma in the opposite direction to the trade.
Depending on how sophisticated you want the ea to become, you could include an option to close, say, 50% of the trade in case the price movement is merely a strong retracement. Combined with a jumping stop of 150 pips or so, this could allow a trade to follow a massive movement for a considerable time.
I don't know about anyone else, Oksana, but I want you to write the ea.
- #73
- Jan 1, 2008 6:58pm Jan 1, 2008 6:58pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I am almost done with the EA, it's going to be in my next post. I just need to finish some things.
Looking forward to it.
- #74
- Jan 1, 2008 7:31pm Jan 1, 2008 7:31pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
From Author on post #13
The entry does not go in line with what he state are rules.
Bear candle, bull ao bar... trust in me, I have spent more then 5 minuts try to understand. In previous picture why he did not take sell where box is? price is being under 21 and ao is red, what is stated as entry but we hear nothing?
Have a look at the picture I have attached, of the 4H chart - I have highlighted the period you are describing in blue. This does not give a sell signal until Dec 28th. As I described earlier, I was late into the trade yet still made 130 pips; had I allowed it to run, I would have made over 200 pips.
Put the template onto a 4H chart and you will see again and again opportunities for profiting by hundreds of pips.
There are times where the sl used by powerquest would have resulted in failed trades, but these are blown away by the successful ones.
Given that I regard this as a 4H strategy, there are still failed trades to spot - look back to 10th-11th Dec for example to spot one easily. Mostly though, a sl of 100 pips would allow enough space for retraces to run out of steam and the trade to become profitable.
So, Rizzo, rather than incoherently rubbishing this strategy, do you have a useful and helpful contribution to make?
- #75
- Jan 3, 2008 6:13am Jan 3, 2008 6:13am
- Joined Jan 2007 | Status: Trader | 5,864 Posts
I agree that a trade taken out under the circumstances would have failed. I don't think this is a 1H strategy; I think it is a 4H strategy.
Have a look at the picture I have attached, of the 4H chart - I have highlighted the period you are describing in blue. This does not give a sell signal until Dec 28th. As I described earlier, I was late into the trade yet still made 130 pips; had I allowed it to run, I would have made over 200 pips.
Put the template onto a 4H chart and you will see again and again opportunities for profiting by hundreds of pips.
There are times where the sl used by powerquest would have resulted in failed trades, but these are blown away by the successful ones.
Given that I regard this as a 4H strategy, there are still failed trades to spot - look back to 10th-11th Dec for example to spot one easily. Mostly though, a sl of 100 pips would allow enough space for retraces to run out of steam and the trade to become profitable.
So, Rizzo, rather than incoherently rubbishing this strategy, do you have a useful and helpful contribution to make?
change the ma from 21 to 34
I know a traders that use this one as their base for their system
.. I do think they trade on hight TF
teb
- #76
- Jan 3, 2008 6:44am Jan 3, 2008 6:44am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
change the ma from 21 to 34
I know a traders that use this one as their base for their system
.. I do think they trade on hight TF
teb
Any idea why 34?
- #77
- Edited Jan 4, 2008 12:07pm Jan 3, 2008 6:31pm | Edited Jan 4, 2008 12:07pm
Request custom Expert Advisor or Indicator: dostapyuk "at" gmail . com
- #79
- Jan 4, 2008 4:34am Jan 4, 2008 4:34am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
The EA is done.
How did you set the exit point?
Thanks for your hard work.
- #80
- Jan 4, 2008 4:57am Jan 4, 2008 4:57am
- Joined Jun 2007 | Status: Unconventionable Conventionist | 2,768 Posts
How do I get gbpjpy on my Interbank FX? I don't have it!!!
I backtested EurJpy for about 2 years and here is the graph and the EA.
I REALLY REALLY THINK THAT WE SHOULD GET A BETTER EXIT STRATEGY BECUASE IT MISSES A LOT OF MONEY AND RETRACES. It only made 800 pips in 2 years, I can make 800 pips in 1-3 days.
Any changes? Contact Me.
Greetz!
Gnat