13 low 13 high MA 1 hr chart System

I know, huh!?
Spread, a lot for gbpjpy. Probably took away 1,500 pips or so. Puppy, give us mq4 file too.

Would you wait for the 13 SMA channel to cross the 100 EMA if the market changes direction from bearish to bullish before entering a trade going long or does the close of a candle just need to be greater than all the moving averages? Did you exclude the spread for your 2007 results? Thanks again.

The EA I coded just use the candle above all MA for going long when it changes from bearish to bullish bias - so if jr2007 use it the other way you describe above, then I have to change the code.

So tell me which one later and I can change the code if necessary.

^^

Puppy,

How does the EA trade the re-entries assuming price does not cross to the other side? Does it need to close inside the channel for the next short if price is in a down trend for example? Thanks.

Hey Puppy,

Can you either release the source code or add a fixed lot parameter to your EA?

No, but I will add it and retest within the few days.

yes, wait for channel to cross, and no I did not include spread.

Sounds like you have it right, but just to detail it...When I am manually trading, I make sure the body Open/Close is on the outside of the 13MA Channel. the wicks are not incuded.

http://www.stock-charts-made-easy.co...e-channel.html

Thanks for posting this. I knew there was something out there. A bit different though, but similar.

The EA hit at the right moment. Beautiful, so far. Thank you puppy. Will let you know how it goes.

Did you just short GBP/JPY based on this system?
I did.
Wish me luck.

yes, with the EA

I'm logging out, and will see tomorrow morning how well it did.
I put a 100 pip trailing stop on it.

Good luck to you as well.

Thank you, Good Luck

here's a quick shot at the ea and a companion indicator .... buys as jr suggests, if both the open and close are above the 13 high sma and 100 ema it buys the following open..... converse is true for sell.....

the indicator should paint all potential buy bars blue and potential sell bars red.... if you see a blue bar fall clean thru both the 13's and the hundred it might first appear it should not be blue..... and the reverse situation occurs occasionally with red bars..... the bars are painted correctly..... it's just a painful reminder that the prior bar can be a fake out.... win some loose some....

trailing stop is included, leave it set at 0 if ya not interested or set to suit if ya are.....

the ea contains the standard moneymangement code often seen..... set mm to true and adjust the maximum risk to what your prepared to loose....

if mm is set to false, you can control lot size using lots input.....

maxlong orders is for more than 1 long order at a time ..... same goes for maxshorts......

maxlots is just to keep lots under control....


several possible improvements come to mind..... holler if your interested.....

if ya run a backtest and plot the trades on a chart you can put the painted jr2007 on it to double check accuracy...... as seen in the included chart....

also note the multiple longs, i had the maxlongs set to 5.......h

hey guys,

we're supposed to go short on the candle that closed below the channel (6:00 gmt), ema still above...? right?

regards

didn't work out so well for me.
I got stopped out (-100 pips).

it's eaten my stoploss also, this hungry volatile animal )
surely not smart to take a trade before or in the period of news coming out

First, thank you for your efforts Puppy and Hayseed. Second, sorry for the long post... BUT... I hope we can get one or more of these things working exactly right with maybe a couple of user selectable filters. But first we need to get the basics working correctly.

jr2007 has pretty clearly stated now that we take no trades unless the channel has crossed the 100EMA. Puppy, I believe your EA came out before this instruction was clear. I also think that jr2007 has clarified that the entire body of a qualifying bar/candle must be outside of the channel, and I haven't seen anything indicating that is included in your EA's logic.

Hayseed, you indicate your EA will account for these additional conditions, but I see that your indicator is showing a long trade should have entered at 0900GMT today, but the channel never even partially crossed the 100EMA. Your indicator does seem to account for the body outside the channel rule. Nevertheless, that 0900 long trigger would have been a killer, so it causes me to question if your EA will actually account for this requirement. I doubt I'll have time today to look inside your indicator and EA to check the logic before I go to work, but I will try to carve out the time to do so.

Improvements, options... I am looking at the AC standard indicator with the 5,3,3 stochastic overlayed as a possible filter. I've been watching this as a main trigger in another system called "OZfx System" here on FF. I'm not ready to make any recommendations, but it looks like we might be able to use these overlayed indicators as a filter allowing us to open trades on any close outside the channel, with a TP when the AC color turns against the position. I'm also considering looking at ATR as a possible TP/SL modifier for the system so that it might self-calculate and adjust for different market conditions and other forex pairs. I'm borrowing that thought from other threads too, as usually somewhere in the evolution of EAs this inevitably pops up... I know we are early on but I thought I'd give you programmers some food for thought.

So, we still don't seem to have an EA that fully complies with all the rules as jr2007 has put them to us. I hope this is easily rectified, because I am eager to see this system fully functioning, and check out some other concepts with it. Thanks again for your work to date.