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Attachments: 'Snap Crackle Pip' System
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'Snap Crackle Pip' System

  • #141
  • Jan 1, 2008 2:00pm Jan 1, 2008 2:00pm
Quoting coscorp
Hi,

manual but have the EA on my demo...had I entered a couple more trades I had have been even higher...but as they say around here...if my grandpa had 5 b@@lls he would have been a flipper...


so...

can't wait for market to open in Sydney..hoping my broker is up and running to consolidate my postions moving up my S/L's...just may let these ones run a a bit more...


anyone else out there with the email alerts set? Are you recieving them?

My broker doesn't open for another 11 hours - Interbank. But hey, this is 11 more hours I keep my account the way it is. Win/Win.
  • #142
  • Edited 5:50pm Jan 1, 2008 5:40pm | Edited 5:50pm
Hi,

I wouldnt be too sure...didnt check the time of your post - but now the asian session is open...and my broker wont' open trading for another 9 and a half hours approx....ie....if market goes the other way in a big manner... that spells losses and I cant do anything about it....I've already lost a fair chunk of profit..though I'm still in the black.

Actually you might want to check your entries against the current values...even a demo account will help give you a general picture...I know I'm getting close to losing if it continues....I am pissed.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #143
  • Jan 1, 2008 7:04pm Jan 1, 2008 7:04pm
Short: EURUSD
Short: GBPUSD

I know the email alert wasn't sent yet for the EURUSD, but I happened to be watching the chart when the indicator went off. I have to find a way to get the email alert not on the hour, but at the time it actually appears on the chart.

Still haven't checked out the EA yet, but I'm looking forward to it.

Good luck to everyone after the beginning of the year choppy stage ends.
"60% of the time it works...every time"
  • #144
  • Jan 2, 2008 3:34am Jan 2, 2008 3:34am
I ended up taking a substantial loss....not the system's fault - purely my own....I'm waiting to get back in.
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #145
  • Jan 2, 2008 6:02am Jan 2, 2008 6:02am
Quoting slade15342
Short: EURUSD
Short: GBPUSD

I know the email alert wasn't sent yet for the EURUSD, but I happened to be watching the chart when the indicator went off. I have to find a way to get the email alert not on the hour, but at the time it actually appears on the chart.

Still haven't checked out the EA yet, but I'm looking forward to it.

Good luck to everyone after the beginning of the year choppy stage ends.

Hi,

Pls chk the universal EA very well and try to amend to put in the necessary inputs as defaults for others. I have been playing around with the inputs but I found out that there seems to be a loop which almost wipe out the demo account am using to test. Still trying to find the loop.

For anyone trying to use the Universal EA...be careful not to use it on live yet until a proper default settings are agreed and tested.

Cheers and have a happy new year with lot of pips.
  • #146
  • Jan 2, 2008 9:25am Jan 2, 2008 9:25am
Quoting Ibuks
Hi,

Pls chk the universal EA very well and try to amend to put in the necessary inputs as defaults for others. I have been playing around with the inputs but I found out that there seems to be a loop which almost wipe out the demo account am using to test. Still trying to find the loop.

For anyone trying to use the Universal EA...be careful not to use it on live yet until a proper default settings are agreed and tested.

Cheers and have a happy new year with lot of pips.
Buk,

Thanks for keeping everyone updated with your progress on improving the EA for our system. I still haven't gotten to it ,and I have to travel a ton in the up and coming week so I'm not sure when I'll get to it. I'll leave it up to you to take the reigns and lead us to the border.

Did everyone get in on the EURUSD buy signal after the short whipsaw? I hope so.

Cheers
"60% of the time it works...every time"
  • #147
  • Jan 2, 2008 10:23am Jan 2, 2008 10:23am
update - made up for all my losses..including the 3 crappy positions i got my self into this morning...and am in the black again by 20 pips....getting out of the house helped me refocus..so now we can start the year over
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #148
  • Jan 2, 2008 8:24pm Jan 2, 2008 8:24pm
Ok I am confused. Is anyone else getting different crosses or lack of crosses on the 18 and 45 EMA's? I also have different tiimes of the cross. None of my brokers use weekend data or Sunday candles so they should all be the same.
I have an account at Oanda,one at Gain and a demo with FXDD which is an mt4 platform running the indicator.
Early today I had a Eur/Usd cross up on Oanda, and a nice cross down on the Aud/Jpy on Oanda. I also had a cross up on the Nzd/usd.
I had no crosses on FXDD except a cross down on the Gbp/Usd.
Gain just had the Eur/Usd and Nzd/Usd cross up.
Wondering if anyone else is testing this on more than one broker?

thanks
Rob
  • #149
  • Jan 2, 2008 8:39pm Jan 2, 2008 8:39pm
Quoting slade15342
Short: EURUSD
Short: GBPUSD

I know the email alert wasn't sent yet for the EURUSD, but I happened to be watching the chart when the indicator went off. I have to find a way to get the email alert not on the hour, but at the time it actually appears on the chart.

Still haven't checked out the EA yet, but I'm looking forward to it.

Good luck to everyone after the beginning of the year choppy stage ends.
SLADE
Hope you had a great new year! How do you get the audio alerts to work on metratrader? I do recieve e- mails, but I would like to be able to use the alerts. As far as the EMA'S, I set up an 18 and a 45 on each chart and set the charts to 1H. Is this right? i saw the GU cross on 1/2 @ 8am but didn't see the EU cross as per your post. Look forward to hearing from you.
bdisc
  • #150
  • Jan 2, 2008 9:10pm Jan 2, 2008 9:10pm
Quoting slade15342
Try it out everyone. Remember, I stated that it is sending an email after every one hour bar for each currency pair. The email alert is set to on. If you don't know how to setup MT4 for emails, go to this thread:

http://www.forexfactory.com/showthre...62#post1754162

This thread should have plenty of information to get you going, including what I included about being able to use Gmail.

Let me know what everyone thinks. And once again, I have enjoyed this system, but it is open for discussion for areas like a defined exit strategy, etc...
Which broker do you use for your signals? Thanks
  • #151
  • Jan 2, 2008 11:08pm Jan 2, 2008 11:08pm
Quoting aelimian
Which broker do you use for your signals? Thanks
Limi,

I am currently using ODL with MT4 to run this indicator system. Sorry this is short, I have to get to bed and I'm sure I'll write more tomorrow.

Cheers
"60% of the time it works...every time"
  • #152
  • Jan 3, 2008 11:27am Jan 3, 2008 11:27am
Hey guys,

here's a cool variation I just thought of on this system:

1. transpose the EMAs to the 15m, so instead of 18/45, we plot
72/180.

2. plot the 14 SMA.

3. Trade on cross of original EMAs, but slope of 14 must be
in the right direction. Exit trade when slope goes wrong way,
re-enter when slope goes right way.

Note there will times when you dont trade because the slope
doesnt match the hourly trend.

Thoughts?
  • #153
  • Jan 3, 2008 4:28pm Jan 3, 2008 4:28pm
Quoting ChesterB
Hey guys,

here's a cool variation I just thought of on this system:

1. transpose the EMAs to the 15m, so instead of 18/45, we plot
72/180.

2. plot the 14 SMA.

3. Trade on cross of original EMAs, but slope of 14 must be
in the right direction. Exit trade when slope goes wrong way,
re-enter when slope goes right way.

Note there will times when you dont trade because the slope
doesnt match the hourly trend.

Thoughts?
Chester,

I looked at your setup and it appears that if you react everytime to the change in the direction of the sma 14, wouldn't you be in and out all of the time? Or did you mean to say when the 14 sma crosses the 18 ema, then you get out. It also appeared that the entries were a little bit later than what the 18/45 chose using a 1hr time period.

All of this said, please don't think I'm bashing your system. I think the idea of longer MA's on shorter timeframes has potential if you are willing to work out the details. Let's clear up the issue with when to exit when looking at the 14 sma and go from there.

Cheers, good post
"60% of the time it works...every time"
  • #154
  • Jan 3, 2008 4:31pm Jan 3, 2008 4:31pm
I just got the NZDUSD short entry. This market is a little sideways at this point, but I'm staying true to the Snap Crackle Pip system. I'm currently riding the GBPUSD and EURUSD and doing fine there. Not a bad start to the year overall when you consider the short whipsaw losses I took early have already been corrected for by nice long runs on the abover mentioned pairs.

But I didn't get my email alert for the NZDUSD trigger. Did anyone else? I have to look into this, the whole system is based on the email alerts.

Stay warm.
"60% of the time it works...every time"
  • #155
  • Jan 3, 2008 5:19pm Jan 3, 2008 5:19pm
Quoting slade15342
Chester,

I looked at your setup and it appears that if you react everytime to the change in the direction of the sma 14, wouldn't you be in and out all of the time? Or did you mean to say when the 14 sma crosses the 18 ema, then you get out. It also appeared that the entries were a little bit later than what the 18/45 chose using a 1hr time period.

All of this said, please don't think I'm bashing your system. I think the idea of longer MA's on shorter timeframes has potential if you are willing to work out the details. Let's clear up the issue with when to exit when looking at the 14 sma and go from there.

Cheers, good post
Hey Slade,

Well what I posted wasn't a complete system...Just sort of brain storming along with you. I really do like the 18/45 settings but I think a trader has to take a less mechanical approach and apply more discretion.

The 14 SMA came out of the bollinger band settings that I like to use (14,2) on the 15 minute chart.

You are totally right that shorter time frames work with longer EMA.

Here's a random shot of some price action from USD/CAD. the red line is the 72 ema and the blue is the 180 ema. So you can see that the red line is below the blue , indicating a bearish trend.

I put in some comments (easy to do after the fact, I know)... Still price gives us a lot of clues around the candlesticks and the bands. I think this kind of interpretation could be powerful inside the context of the trend following system.

At the beginning of the graph, price is going the wrong way against the trend, so we wouldnt necessarily trade. We are ignoring the bull signals
because we only want to trade short, so we look for reasons to do so.

We start seeing some bear candle patterns and price does collapse.

Then if you examine the bands, you see a slight upward motion but mostly ranging, so we can short at the top of the bands.

Notice also how a slight bear angle turns into an agressive bear angle. In this next phase, price action is between the 14SMA and the upper band.
Not a time to go short!

Then we see a sort of reversal pattern similar to an evening star. This also is a trendline break of the most recent upmove. Now we really have 3 reasons to be short! (reversal candle pattern, TD trendline break, snap-crackle-pip trend)

Again, this is very easy to paint in retrospect, but its just some ideas...

Chester
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-bear-trend.PNG Size: 57 KB
  • #156
  • Jan 3, 2008 6:17pm Jan 3, 2008 6:17pm
Hi,

no alerts here..but the EA does work - and made some interesting profits on the demo account ( a few losses as well - but this is FX no? )- doesn't activate an s/l though - do I have to input that somehow?
Nihil inimicus quam sibi ipse Marcus Tullius Cicero
  • #157
  • Jan 3, 2008 9:13pm Jan 3, 2008 9:13pm
here's another example, just now from EUR/CHF... It doesn't get any smoother than this. No sign of any reversal, so i would jump in at this point and take profit at round number psychological level or pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf.PNG Size: 36 KB
  • #158
  • Jan 4, 2008 2:04am Jan 4, 2008 2:04am
i ended up making a pretty easy 19 pips on this trade. First it wentagainst me for 10 pips or so, but then continued the trend. Exited at a pivot point. SL was 3/4 up the way to the previous peak, about 19 pips inan hour or two...
  • #159
  • Jan 4, 2008 5:30am Jan 4, 2008 5:30am
Hi Orion,
Pls i need u to explain in detail how i can use the file u attached.i mean the 2ma crossover.Thanks.




Quoting orion70
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.
with GOD all PIPS are possible
  • #160
  • Jan 4, 2008 1:19pm Jan 4, 2008 1:19pm
The way I use it to receive an email alert to notify me when there has been a crossover of the 2 ema's. I don't like trying to jump on a moving train, better to get on at the beginning of a run.

It's pretty simple actually. MA1 would be 18 (in this case) and MA2 would be 45. MA1Mode and MA2Mode would both be 1 to signify that we are using ema's. MA1Price and MA2Price would be 0 to denote using the price at the close of the bar.

Alert and email functions are self-expalnatory. Let me know if you have anymore questions.

Quoting Omega
Hi Orion,
Pls i need u to explain in detail how i can use the file u attached.i mean the 2ma crossover.Thanks.

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