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Attachments: Gann Hilo DMI System
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Gann Hilo DMI System

  • #121
  • Jan 15, 2008 5:16am Jan 15, 2008 5:16am
Glad to see you back.
Regards
  • #122
  • Jan 15, 2008 5:32am Jan 15, 2008 5:32am
Quoting howard
Glad to see you back.
Thanks for the welcome
Logic will get you from A to B. Imagination will take you everywhere.
  • #123
  • Jan 17, 2008 10:58am Jan 17, 2008 10:58am
Here I am again, like I said before the reason that I have discarded QQE is because it makes me enter some times late on trades, but QQE also filters most of the bad trades, so I did a little tweak in money management with QQE, I have add again QQE to my charts, as consequence, less risk, position raised, so lets imagine max risk is 750$, so the way I do it now, is if QQE is not in alignment I enter with half the position 375$, if QQE turns in alignment with me in that trade I put the another half in, with this little solution, I have diminished the value lost on the bad trades that QQE have signalled, and don't lost the all money when QQE makes me entry some bars latter, summarizing everything, bad trades where diminished in position size, "A" trades with QQE have a little more position size, and when QQE lags and makes me entry some bars latter I don't lose all the profits, but only half.

I have done tests from January till September, and without any doubts that the system got a lot better (better results in 50% of the months, 1 ugly month with the ugliest loss -900 pips, turned into +400 pips profit, the worst month lost only 800$, and the best month wined 8500), risk is more controlled, I catch most of the pips because system is faster on entry's and exits.
Logic will get you from A to B. Imagination will take you everywhere.
  • #124
  • Jan 17, 2008 11:08am Jan 17, 2008 11:08am
Hallo Masmp!

There is an adjustable version of QQE named QQEA with "A" for adjustable. You can finetune the SF, the RSI and the Darfactor. With the latter you can really improve reactivity. If you need the QQE to become slower, make the Darfacto higher (> 4.236) or lower for faster reactiontime. Small changes already have big effects and can be helpful for different timeframes.

You are entertaining a nice system here! Keep it up!

Ciao
Gnat
Attached File(s)
File Type: mq4 QQEA.mq4   3 KB | 971 downloads
  • #125
  • Jan 17, 2008 11:14am Jan 17, 2008 11:14am
Quoting Gnat
Hallo Masmp!

There is an adjustable version of QQE named QQEA with "A" for adjustable. You can finetune the SF, the RSI and the Darfactor. With the latter you can really improve reactivity. If you need the QQE to become slower, make the Darfacto higher (> 4.236) or lower for faster reactiontime. Small changes already have big effects and can be helpful for different timeframes.

You are entertaining a nice system here! Keep it up!

Ciao
Gnat
Thank very much Gnat, I was looking for a QQE faster, maybe this is a solution,

Thanks again
Logic will get you from A to B. Imagination will take you everywhere.
  • #126
  • Jan 17, 2008 11:45am Jan 17, 2008 11:45am
Just have taken a fast verification, with this QQEA, and I'm already impressed, it filters 80% of the trades of that the normal QQE filters, and makes me enter sooner on most of the trades that QQE wouldn't, but that also means a lot of work for me, to verify and change all the data on the backtest, ohh god, I have done that so many times, that it becoming boring, (I'm trying to develop my system since July 2007, and I spend all day working on this, more than 12 hours a day) now imagine 6 months looking at charts 12 hours a day.

I love this business
Logic will get you from A to B. Imagination will take you everywhere.
  • #127
  • Jan 17, 2008 11:48am Jan 17, 2008 11:48am
Quoting Masmp_FX
Just have taken a fast verification, with this QQEA, and I'm already impressed, it filters 80% of the trades of that the normal QQE filters, and makes me enter sooner on most of the trades that QQE wouldn't, but that also means a lot of work for me, to verify and change all the data on the backtest, ohh god, I have done that so many times, that it becoming boring, (I'm trying to develop my system since July 2007, and I spend all day working on this, more than 12 hours a day) now imagine 6 months looking at charts 12 hours a day.

I love this business
ROTFL!

I would be really happy if this helps!!

Ciao!
Gnat
  • #128
  • Jan 17, 2008 3:05pm Jan 17, 2008 3:05pm
Quoting Masmp_FX
Just have taken a fast verification, with this QQEA, and I'm already impressed, it filters 80% of the trades of that the normal QQE filters, and makes me enter sooner on most of the trades that QQE wouldn't, but that also means a lot of work for me, to verify and change all the data on the backtest, ohh god, I have done that so many times, that it becoming boring, (I'm trying to develop my system since July 2007, and I spend all day working on this, more than 12 hours a day) now imagine 6 months looking at charts 12 hours a day.

I love this business
You are doing a great work and this is a very good system as Gnat pointed out.
Regards
  • #129
  • Jan 23, 2008 7:20am Jan 23, 2008 7:20am
Hi, I'm Going to start a Journal of all trades signalled by the system.

Lets Start Then

23 January Setup was at 12.00 GMT Open by IBFX, with a partial position beacuse QQEA (3,236) wasn't in alignment yet, SL at 209.78
Logic will get you from A to B. Imagination will take you everywhere.
  • #130
  • Jan 23, 2008 9:20am Jan 23, 2008 9:20am
Hi

Are you posting your trades in this thread or elsewhere?
Regards
  • #131
  • Jan 23, 2008 9:37am Jan 23, 2008 9:37am
Quoting howard
Hi

Are you posting your trades in this thread or elsewhere?
here
Logic will get you from A to B. Imagination will take you everywhere.
  • #132
  • Jan 23, 2008 10:30am Jan 23, 2008 10:30am
Quoting Masmp_FX
Hi, I'm Going to start a Journal of all trades signalled by the system.

Lets Start Then

23 January Setup was at 12.00 GMT Open by IBFX, with a partial position beacuse QQEA (3,236) wasn't in alignment yet, SL at 209.78
Hallo Masmp

Just to make sure there is no misunderstanding: You are using the QQEA with SF=1, RSI=14 & Darf.=3.236 (being normal Darfactor minus 1.0), right?

Hope you get along with it well. I will watch your trades here with great interest. Are you going to post them "live" as you take them or after the fact?

Please make sure do further discuss your nice system here, as otherwise moderators may want to move it into the Journal section!

Keep up the good work!
Ciao!
Gnat
  • #133
  • Jan 23, 2008 10:55am Jan 23, 2008 10:55am
I think the smoothing factor for QQEA is 5
Regards
  • #134
  • Jan 24, 2008 9:01am Jan 24, 2008 9:01am
Quoting howard
I think the smoothing factor for QQEA is 5
Hallo Howard!

Sorry, took me some time to find your post! The way FinnFx coded the QQEA it has a default setting of SF = 5 as it was meant to compliment an EA. In manual trading a SF = 1 gives you more control over the trade and you can see the lines drwaing nearer and shying away from each other to keep you in a trade that may take a little breathing pause.
I have found it very useful to only play with the Darfactor and the RSI.

Best Wishes!
Gnat
  • #135
  • Jan 24, 2008 1:48pm Jan 24, 2008 1:48pm
Quoting Gnat
Hallo Howard!

Sorry, took me some time to find your post! The way FinnFx coded the QQEA it has a default setting of SF = 5 as it was meant to compliment an EA. In manual trading a SF = 1 gives you more control over the trade and you can see the lines drwaing nearer and shying away from each other to keep you in a trade that may take a little breathing pause.
I have found it very useful to only play with the Darfactor and the RSI.

Best Wishes!
Gnat
Hello Gnat

Thanks for the explannation, in any event I find this method of trading very efficient and I wish Masmp would attend to this thread more often.

The last short has now reversed to long.
Regards
  • #136
  • Jan 25, 2008 3:36am Jan 25, 2008 3:36am
Quoting howard
Hello Gnat

Thanks for the explannation, in any event I find this method of trading very efficient and I wish Masmp would attend to this thread more often.

The last short has now reversed to long.
sorry, but I have been busy lately,
Hey, I wanted to put all the updates in the First page, but I can only Edit my first post, can someone help me in that issue?
Thanks
Logic will get you from A to B. Imagination will take you everywhere.
  • #137
  • Edited 4:01am Jan 25, 2008 3:40am | Edited 4:01am
Quoting Masmp_FX
Hi, I'm Going to start a Journal of all trades signalled by the system.

Lets Start Then

23 January Setup was at 12.00 GMT Open by IBFX, with a partial position beacuse QQEA (3,236) wasn't in alignment yet, SL at 209.78
First sorry for the late update on this.

That trade was closed 24 January at 0.00 with -160 pips, closed at emergency Trailing Stop (remember that this was a partial setup, second half was never entered because of QQEA) So if you where risking 750$ on that trade you would lose 384$
Logic will get you from A to B. Imagination will take you everywhere.
  • #138
  • Jan 25, 2008 3:44am Jan 25, 2008 3:44am
Again sorry for the late update on this.

24 January at 0.00 GMT, there was a full Setup, QQEA was in agreement, stop loss would be put 204.85 (yeah, its a 400 pips SL, the reason for that is high volatility), but position size would be smaller like I said in previous posts.
As I speak the position is actually with a 425 pips profit.
Logic will get you from A to B. Imagination will take you everywhere.
  • #139
  • Jan 25, 2008 3:59pm Jan 25, 2008 3:59pm
Thanks a lot Masmp, no need to be sorry, I believe the method is working very well and it can be traded in a relaxed manner.

It leaves a lot of pips on the table but if you want to ride the trend there is no option.
Regards
  • #140
  • Jan 26, 2008 8:36am Jan 26, 2008 8:36am

FINAL UPDATES

In this post I will put the latest and final updates on the system, Since I have done entire 2007 manually backtest, candle by candle, and have found the best way to trade it (at least for me,LOL).


Time Frame: 4H, witch means less fake trades, less stress, I just need to watch every 4 hours how the trade is, nothing more than that.


Indicatros are :
Gann Hilo (3),
QQEA SF(1), RSI_Period (14), DARFACTOR (3.236)


Setups:
There are 2 ways of entering a trade, Partial setup, and full setup, I will define how it works.

Partial Setup - Its when only Gann Hilo, is indicating a new signal, but QQEA is not indicating yet, explanation for this is simple, Indicators are lagging, QQEA can save you from the bad trades, but can also make you entry some bars latter, entering some bars latter has 2 disadvantages.

1º Disavantage - You will lose some pips, and we are talking here of 4H candles, some candles move 100 to 200 pips

2º Disadvantage - If setup is to far from Gann hilo Value, it will require a larger Stop Loss, and as consequence a smaller position, witch means a smaller profit.

And still about the partial setup, if you entered the partial and in the next candles QQEA is indicating the same as Gann hilo, you enter with the other half, this way you don't lose much if it was a bad one, and you don't leave much pips on the table if it was a good one.

Full Setup - Is when Gann Hilo and QQEA are showing the same thing.



Stop Loss and Emergency Trailing Stop

Stop Loss - When a candle closes indicating a setup, you must measure the value from candle close to the value of Gann Hilo on that candle, and give it an extra 45 pips.

Emergency Trailing Stop - Its when price pierces gann hilo previous value by 75 pips.



Exit Strategy:
There are 3 ways of exiting the trade in this system.

1º When Gann Hilo is broken (what matters is the close of the bar).

2º When Stop Loss is hit.

3º When Emergency Trailing Stop is hit.


The final issue is the Most important in this system, that is the Money Management.

Each trade will have a Max Risk per trade value, lets say for example 1500$
You must do this simple equation:

Max Risk/Stop Loss value= Pip Value
here is an example, 1500/125= 12, this is the value of each pip.

It also means that sometimes you will have larger positions because of a smaller Stop Loss, and smaller positions because of a bigger Stop Loss, one thing is for sure, your losses are always limited to 1500$, but not your profits, witch is what we know by "cutting losses Short and letting profits Run"

I think that its everything about the system, any doubts just ask around here
Attached File(s)
File Type: ex4 ###Gann_HiLo_Activator_v2###.ex4   2 KB | 3,462 downloads
File Type: mq4 QQEA.mq4   3 KB | 3,144 downloads
Logic will get you from A to B. Imagination will take you everywhere.
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