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Attachments: Trade the Slope System
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Trade the Slope System

  • #141
  • Dec 30, 2007 5:11pm Dec 30, 2007 5:11pm
PTOURNIS,

Ae you going to trade the g/u On the 20-3-0 settings it turned bullish....

Billser

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


Pete
It's All About Attitude ...
  • #142
  • Dec 30, 2007 8:11pm Dec 30, 2007 8:11pm
Billser,

Please see my journal. Thanks

Pete
  • #143
  • Dec 31, 2007 4:38pm Dec 31, 2007 4:38pm
I went through this system manually and it seems to be another winner in my book.

I coded an EA based on my interpretation of the system itself. It incorporates the three timeframes into one chart.

NOTE: You need my version of the trend slope line in the "indicator" folder.

The variables are as follows:


TrendSlopePeriod = Which MA to use. (80 is standard, 30 is debatable)
BaseChartTF = The timeframe (In minutes) of your base chart.
SecondaryChart = The timeframe (In minutes) of your secondary chart.
TertiaryChart = The timeframe (In minutes) of your tertiary chart.


The way this Ea works is that it enters with the standard buy setup, and exits with the opposite setup. This is a complete stop-and-reverse EA.
Attached File(s)
File Type: mq4 TrendSlope.mq4   11 KB | 1,875 downloads
File Type: mq4 Slope Direction Line.mq4   4 KB | 1,674 downloads
  • #144
  • Jan 1, 2008 5:07am Jan 1, 2008 5:07am
Ronald,

Thanks for your hard work. One question, if I use the daily, I have to enter 1440 minutes on theBaseChartTF?

Pete
  • #145
  • Jan 1, 2008 7:19am Jan 1, 2008 7:19am
Ronald

Can the EA be placed on any of the three timeframe charts?

Will the SlopeDirectionLine indicator still function correctly even if one does not use your EA?
  • #146
  • Jan 1, 2008 10:15am Jan 1, 2008 10:15am
Quoting PTOURNIS
Ronald,

Thanks for your hard work. One question, if I use the daily, I have to enter 1440 minutes on theBaseChartTF?

Pete
Yes, you have to put the minute equivalent for each field.

1M =1
5M =5
15M =15
30M =30
1H = 60
4H =240
1D =1440
1W (5 or 6 day week)=7200 or 8640
etc.

Quoting et_phonehome_2
Ronald

Can the EA be placed on any of the three timeframe charts?

Will the SlopeDirectionLine indicator still function correctly even if one does not use your EA?

It doesn't matter which chart you place the EA on unless you change "EachTickMode" to false.

When EachTickMode is false, that means that the EA will look for the entry point on the close of every bar in the timeframe the EA is in. For example, if you wanted your base chart to be 1 day, and you wanted the ea to check every 15 min for an entry point, you open a 15 min chart, enter the times necessary, set EachTickMode to false, and let it trade.

The reason why I want you to use my version is because the EA is reading the data from it through the variables I listed. These variables are slightly different from the original. You can use the TrendSlope indicator on its own if you'd like. It's exactly the same thing.
  • #147
  • Edited 2:15am Jan 2, 2008 1:44am | Edited 2:15am
Have you tried how the EA performs in strategy tester? ... meaning that did it work there?

R

Quoting Ronald Raygun
I went through this system manually and it seems to be another winner in my book.

I coded an EA based on my interpretation of the system itself. It incorporates the three timeframes into one chart...

The variables are as follows:


TrendSlopePeriod = Which MA to use. (80 is standard, 30 is debatable)
BaseChartTF = The timeframe (In minutes) of your base chart.
SecondaryChart = The timeframe (In minutes) of your secondary chart.
TertiaryChart = The timeframe (In minutes) of your tertiary chart.


The way this Ea works is that it enters with the standard buy setup, and exits with the opposite setup. This is a complete stop-and-reverse EA.
  • #148
  • Jan 2, 2008 6:37am Jan 2, 2008 6:37am
If you mean did I forward-test it? Yes.

I generally use backtesting ONLY to make sure that it is opening and closing trades. Not as a means to determine profitability.
  • #149
  • Jan 2, 2008 7:28am Jan 2, 2008 7:28am
Ok, actually i ment that did you backtest ea to make sure that it works properly. The reason why i asked this is that i'm having difficulties with it - don't know why. Tried it with gj 1H and the first position is a winning position, and all the rest small sell loosing pos. Settings are default.

So there is something wrong, but what?

Thanks,
R

Quoting Ronald Raygun
If you mean did I forward-test it? Yes.

I generally use backtesting ONLY to make sure that it is opening and closing trades. Not as a means to determine profitability.
  • #150
  • Edited 9:26pm Jan 2, 2008 9:41am | Edited 9:26pm
Can you post a chart please? And the associated account statements so I can compare data feeds.

I noticed the huge trading volume which caused the EA to blow up my account. I'm trying to recreate the same scenario. We'll see.

A temporary fix for now is to change the "EachTickMode" variable to "False" and place the chart on whatever chart you need. (Refer to post 146)
  • #151
  • Jan 3, 2008 12:38am Jan 3, 2008 12:38am
Ok, i hope that these two graphs will help. If you need something more, please pm.

Now that i look at the journal more closely, ea opens a new sell position every hour and closes the previous one. So it seems to me some sort of logical fault.

R

Attached Image (click to enlarge)
Click to Enlarge Name: trendslope run.gif Size: 42 KB


Attached Image (click to enlarge)
Click to Enlarge Name: trendslope journal.gif Size: 49 KB


Quoting Ronald Raygun
Can you post a chart please? And the associated account statements so I can compare data feeds.

I noticed the huge trading volume which caused the EA to blow up my account. I'm trying to recreate the same scenario. We'll see.

A temporary fix for now is to change the "EachTickMode" variable to "False" and place the chart on whatever chart you need. (Refer to post 146)
  • #152
  • Jan 4, 2008 10:34pm Jan 4, 2008 10:34pm
Could I also suggest putting some variables we can change in the EA.

Suggested:

StopLoss - (if zero it defaults to the strategies rules)
TakeProfit
TrailingStop

as well as any others you might think could be useful.

Neal
  • #153
  • Jan 4, 2008 11:28pm Jan 4, 2008 11:28pm
Thank you for posting this system, I tried the same thing with Nonlagma indicator, it looks to me that it's the same indicator as you are using but has a different name. I tried it on daily, 4hr and 30min only. It works like a microscope, you look at the big picture, the daily, and then zoom in to see the same things on smaller tf's. Only I found stochs (from TEB2) to react sooner to the change in direction. Now i'm trying to combine the two to see if they can work in harmony.
Attached File(s)
File Type: mq4 NonLagMA.mq4   4 KB | 1,012 downloads
Trax Tibidax Tibidox...
  • #154
  • Jan 4, 2008 11:40pm Jan 4, 2008 11:40pm
any of you guys try the scalping with this? just looking at my charts, it seems like you could make a killing on GJ alone by trading with 1 hour/30/15.
  • #155
  • Jan 5, 2008 7:53am Jan 5, 2008 7:53am
Quoting nealc99
Could I also suggest putting some variables we can change in the EA.

Suggested:

StopLoss - (if zero it defaults to the strategies rules)
TakeProfit
TrailingStop

as well as any others you might think could be useful.

Neal

The variables are already in my version of the EA. Still stuck on this logic issue. You all are welcome to take this EA to any other programmers you know in order to figure this out.
  • #156
  • Jan 7, 2008 10:08pm Jan 7, 2008 10:08pm
Ok, I think I solved the logic issue.

The Slope Direction Line indicator compares the current MA with the previous MA.

If Current > Previous, slope is up
If Current < Previous, slope is down

Assuming that's the case, I set up the EA to look at the MA values of the three time frames, let's use the 1hr/30min/15min set.

1HR Current > Previous
30min Current > Previous
15min Current > Previous

If all of the above are true, then a buy signal. Otherwise, don't trade.

1HR Current < Previous
30min Current < Previous
15min Current < Previous


If all of the above are true, then a sell signal. Otherwise, don't trade.


So far it is working well. I suggest that you don't use this on a tick-by-tick basis as there is repainting involved. You don't need the indicator anymore, it works on its own. The variables are the same.



I have the EA setup on my server so that it checks the 1HR/30min/15min slope every 15 min. We'll see. No problems so far.
Attached File(s)
File Type: mq4 TrendSlopev2.mq4   10 KB | 1,790 downloads
  • #157
  • Jan 8, 2008 2:28pm Jan 8, 2008 2:28pm

Great Trading System

It was stated in the system discretion that I will attach the following indicters in the 15M chart

-Pivot point indicator

-Support and resistance levels

I need to know what are their important and what will be their affect in the decision of buy/sell, also I appreciate attaching them if they are important

Thanks in advance

{Promotion Removed}
  • #158
  • Jan 9, 2008 3:58pm Jan 9, 2008 3:58pm
The main reason for a pivot point is to help determine whether or not to trade. I've been trading blindly (no pivot point) and still profiting, so it must work...for now.
  • #159
  • Jan 10, 2008 1:24am Jan 10, 2008 1:24am
I would like to say that this system is a good one but I realized some difficulties when I was testing it. First of all, I use Long term strategy explained on the first page of this thread since I usually work and do not have enough time to monitor all my positions every 1 or 4 hours.I would like to say that I do not think it is necessary to use all 6 timeframes in order to open a trade. Small timeframes give a lot of false entries and most of time you just buy on local highs. I have been thinking about this problem and decided to make a Money managment for this system and a simple one is like you divide your trading size on 3 parts and first entry will be exactly when you get a signal following the strategy, a second entry is on 50 pips less if you want to buy and a third one is on the same level as the first trade.Generally a big problem with the system is when market is in a flat.
  • #160
  • Jan 11, 2008 2:08am Jan 11, 2008 2:08am
Allvenis:

If you are constrained by time then simply Trade the EA on a larger time frame chart. According to my understanding NO entries are made UNLESS the LARGEST time frame SIGNALS FIRST. In other words, an initial signal is given on the largest time frame and then each smaller TF is scoped UNTIL ALL the TFs agree THEN an ENTRY is made.

COTtrader
"Ken"
Decisions Determine Destiny -
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