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Trade the Slope System

  • #181
  • Jan 16, 2008 1:25pm Jan 16, 2008 1:25pm
Quoting Ronald Raygun
Hey generalz, I run the EA with a 150 pip trailing stop. for GBPJPY, see what works for you. It helped me capture a healthy 500pip movement over new years.
Ronald
ok I will add GBRJPY...I asked before just want to make sure. The 150 Trailing stop is built in to the EA and good to go, is this correct!!

thanks again..

john
  • #182
  • Jan 16, 2008 2:13pm Jan 16, 2008 2:13pm
Trailing stop is built in, you just need to set it to 150
  • #183
  • Jan 16, 2008 2:18pm Jan 16, 2008 2:18pm
Quoting et_phonehome_2
The TRENDSLOPE EA has an issue, look at the chart below.... Constantly opens orders and closes them at a loss...

I guess I should try the latest EA posted now.....
I'm using Version 2 and having the same problem with EUR/USD. See attached. It had been working fine for a week or so, so I have no idea what changed...
Attached Image
Within apparent chaos there is order for those who know how to look
  • #184
  • Jan 16, 2008 2:28pm Jan 16, 2008 2:28pm
Did you set the EA to each tick?
  • #185
  • Jan 16, 2008 4:30pm Jan 16, 2008 4:30pm
Quoting Ronald Raygun
Trailing stop is built in, you just need to set it to 150
I am new to EA's but all is working well...thanks again...

is this the correct change??

extern bool UseTrailingStop = True;
extern int TrailingStop = 150;

generalz

Ronald..I have not used your programed stops as of yet...but it is a winner for me. will keep demoing..

If I let the EA take over my trading completely..Is it programed in theory
to open and close endlessly, with no interference from me??


thanks again..
  • #186
  • Jan 16, 2008 4:51pm Jan 16, 2008 4:51pm
Yes

Not only in theory, but in reality, it will trade indefinitely as long as your computer is turned on. I would recommend that you keep an eye on the EA for a month or two, only so that you can make sure it doesn't blow up your account.
  • #187
  • Jan 16, 2008 4:55pm Jan 16, 2008 4:55pm
Quoting Ronald Raygun
Did you set the EA to each tick?

Yes- each tick mode is set to true. So not sure why it did that. That is, however, the only aberration I have seen.
Within apparent chaos there is order for those who know how to look
  • #188
  • Jan 16, 2008 5:52pm Jan 16, 2008 5:52pm
Try setting it for the end of the bar by setting "EachTickMode" to false.

What I think happened is that the Value of the MA on the smallest TF kept changing which is why there were several simultaneous trades.
  • #189
  • Jan 16, 2008 7:10pm Jan 16, 2008 7:10pm
Thanks- I'll try that. However, that means that it will not "scan" other TF's for MA changes, but rather only the chart TF it is currently on, if I understand the each tick mode functionality correct? Seeing as how my base chart is 4HR (and the chart I usually use), the trades will be initiated and closed based on any change on that timeframe only. Please correct me if I'm wrong. Thanks
Within apparent chaos there is order for those who know how to look
  • #190
  • Jan 17, 2008 3:33am Jan 17, 2008 3:33am
Hi guys,

Seems like a good system here but beware, the slope indicator repaints.

Just been watching it on the 1 min and it changed from green to red, (my colours) but is now showing all green again.

This can generate false entries and make backtesting seem better than it is. However, if people make money from it and the EA works as specified it may not be an issue.

G-Man
  • #191
  • Jan 17, 2008 4:33am Jan 17, 2008 4:33am
The indicator does not repaint a closed candle.
  • #192
  • Jan 17, 2008 5:05am Jan 17, 2008 5:05am
Quoting PTOURNIS
The indicator does not repaint a closed candle.
It did for me.

Watching EURUSD, 30/15 and 5 all down, 1 min up. Waited for the 1 min to turn red, which it did at the close of the 9:15 candle. Next candle also red on close. Entered trade.

Small upmove followed, resulting in a repainting of the 9:15 and 9:16 candles back to green.

Might only be an issue on 1 min charts, but worth watching.

G-Man
  • #193
  • Jan 17, 2008 5:41am Jan 17, 2008 5:41am
Hi

What you see is not really a repainting. It is some sort of graphical problem in MT4 i think.
It is only the colour that changes but if you read the value of the indicator you see it stay the same so it is only a visual problem.
I don't trade ea's but i am sure it should not make any problem for the ea because it only use the calculation of the value in the code and the colour does not matter i guess.
I have used this indicator every day for 16 months and it do not repaint.
Some time you can be a little bit fooled by the changing of the colour but it have never been a problem for me when i know about it.

Arctic4x
  • #194
  • Jan 17, 2008 5:55am Jan 17, 2008 5:55am
Quoting Arctic4x
Hi

What you see is not really a repainting. It is some sort of graphical problem in MT4 i think.
It is only the colour that changes but if you read the value of the indicator you see it stay the same so it is only a visual problem.
I don't trade ea's but i am sure it should not make any problem for the ea because it only use the calculation of the value in the code and the colour does not matter i guess.
I have used this indicator every day for 16 months and it do not repaint.
Some time you can be a little bit fooled by the changing of the colour but it have never been a problem for me when i know about it.

Arctic4x
Thanks Arctic, that makes a bit more sense.

If the value is changed by a very small margin I guess that there could be some confusion caused for the graphics processing, and as these margins are the smallest on 1 min charts it may be why I saw it then.

G-Man
  • #195
  • Jan 17, 2008 6:04am Jan 17, 2008 6:04am
The way that indicator works G-Man is that it looks at the current and previous MA values.

What I think you saw was a current bar whose MA started out lower than the previous bar, but then went above it. The color change then was AT the previous bar which is what I think confused you. My EA works the same way.
  • #196
  • Jan 17, 2008 6:20am Jan 17, 2008 6:20am
Quoting Ronald Raygun
The color change then was AT the previous bar which is what I think confused you.
No. G-Man is correct. I know it sounds very strange. I don't know programming and even if i did i would probably not be able to explain it but this is some sort of graphical problem in MT4.
A person that knows programing and knows this indicator well explained to me that the problem is not in the indicator but in MT4.
So because of that you can some times see that the colour between the two previous closed bars changes and show the wrong colour but the values are "correct"
I know it probably sound impossible to a person that knows programing but like G-Man say if you run it some time on 1min chart you will probably see it.

Arctic4x
  • #197
  • Jan 17, 2008 10:35am Jan 17, 2008 10:35am
Hi guys,

I've read through this thread and I understand the concept and how the EA is designed to function so I added it to a demo to see it in action.

In order to get some trades in quickly I set the 3 timeframes to 15/5/1, SL 30, TS12 and set it off. This was about 2 hours ago.

Well, it has been making pips, but I have no idea how it is determining the entry points. There are 2 recent trades that have been actioned, longs on both GU and EU, but all 3 TF's on GU have been in an uptrend for a while, while the EU TrendSlope 5 min has been down for the last 12 bars. See the attached chart for the long entry on EU with the TrendSlope clearly orange.

I have the EachTickMode set to false.

If anyone can shed some light it would be appreciated.

G-Man
Attached Image (click to enlarge)
Click to Enlarge Name: TrendSlope EURUSD1.jpg Size: 227 KB
  • #198
  • Jan 17, 2008 12:22pm Jan 17, 2008 12:22pm
Which chart was the EA put on? I use the smallest TF as the EA chart with the EA set to "Eachtickmode = false"
  • #199
  • Jan 17, 2008 1:30pm Jan 17, 2008 1:30pm
Quoting Ronald Raygun
Which chart was the EA put on? I use the smallest TF as the EA chart with the EA set to "Eachtickmode = false"
At that time I think all my charts were set to the 5 min. Did you design it to be important?

The other element I don't understand is that I attached the EA to a chart and off it went creating trades, even though I didn't have the TrendSlope indicator installed on that MT4 platform. I looked at the program code and it seems to refer to a standard MA. Is that correct?

I have also attached a GBPUSD chart which clearly shows buys taken when the trend is down on the 5 min.

Hope someone can help because I'm slightly confused.

G-Man
Attached Image (click to enlarge)
Click to Enlarge Name: trendslope gbpusd1.gif Size: 18 KB
  • #200
  • Jan 17, 2008 1:43pm Jan 17, 2008 1:43pm
The Ea is calling on a standard MA. I just merged the indicator into the EA.

Try a higher timeframe. I'm having trouble with the smaller TFs myself. I think it has to do with a little repainting.
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