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Attachments: 13 low 13 high MA 1 hr chart System
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13 low 13 high MA 1 hr chart System

  • #81
  • Jan 17, 2008 4:45pm Jan 17, 2008 4:45pm
Quoting Silver
Unfortuneatly I do not have the mq4 file for indicator in the previous post
So far I like what I see. Will test it next few days for comparison. Thank you very much.
  • #82
  • Jan 17, 2008 7:08pm Jan 17, 2008 7:08pm
hey jr..... ok, rewrote the indicator to place arrows on the signals.... check this if ya have the time to verify .... each arrow is numbered so we can all relate.... some times it was a very close call but all trades looked valid to me....... in this image there were no valid sells....

and nice work ronald, looks good.....h
Attached Image (click to enlarge)
Click to Enlarge Name: jr 2007 rules.gif Size: 76 KB
to trade and code, keep both simple... no call to impress....h
  • #83
  • Jan 17, 2008 8:25pm Jan 17, 2008 8:25pm
ok changed the code to restrict trades from being made unless the 13 was on the proper side of the 100.... that reduces trades somewhat....

changed the indicator to paint arrows on potential new buys or sells only.... keep in mind thus far we spoken of > and < with no mentioned of = .... as seen in the picture the reason why no trade was entered on the second arrow was because the 13 low sma = the 100 ema..... which of course is not the same as > , so no trade was entered.....

otherwise ea is pretty much the same.... again included the maxlongs and maxshorts for those whom might want multiple open poistions..... leave the setting at 1 for single entrys...... and setting mm to true and adjusting your risk turns the lot size over to the commonly seen moneymanagement code......

if after running a test and plotting the trades on the chart , you can apply the indicator to verify.......

i compared ronald's version which actually pays a couple bucks more than mine..... after looking at his code to see why, it appears the difference is mainly due to how the stoploss is calculated which equates to a few extra dollars in his pockets.... nice work ronald......h
Attached Image (click to enlarge)
Click to Enlarge Name: jr 2007 test.gif Size: 72 KB
Attached File(s)
File Type: mq4 jr2007 ea.mq4   15 KB | 746 downloads
File Type: mq4 painted jr2007 arrows.mq4   5 KB | 788 downloads
to trade and code, keep both simple... no call to impress....h
  • #84
  • Jan 17, 2008 9:09pm Jan 17, 2008 9:09pm
Thanks, I actually used 100EMA in the code. it is just typing error here. hehe.

Enjoy

Quoting Ronald Raygun
Puppy, it's the 100 XMA (exponential moving average)
  • #85
  • Jan 17, 2008 9:38pm Jan 17, 2008 9:38pm
Quoting hayseed
hey jr..... ok, rewrote the indicator to place arrows on the signals.... check this if ya have the time to verify .... each arrow is numbered so we can all relate.... some times it was a very close call but all trades looked valid to me....... in this image there were no valid sells....

and nice work ronald, looks good.....h
These entry points look fine, but if you are in a trade and another entry point comes around, you must be out of the trade first. Another words, if you got into number 1 entry point, and you have not reached the 100pip target, and you come upon entry 2, or even 3, or 4, then all these other entry points are ignored.
  • #86
  • Jan 18, 2008 2:20am Jan 18, 2008 2:20am
I like this system a lot, easy to understand & seems reliable!

You say trade this pair on the GJ, ok, but what about other pairs? Have you only looked at the GJ or have you looked at others and ruled them out. Obviously other pairs might not have stops/profits of 100 pips.

If not I will have a ponder thru all the pairs and see. First one that springs to mind is the E/J.

Also, what do you do when the 100ema is in the middle of the 13 sma channel? Do you still take trades or wait for the channels to be above/below the 100 ema?

Thanks


Bob
  • #87
  • Jan 18, 2008 7:02am Jan 18, 2008 7:02am
Quoting jr2007
These entry points look fine, but if you are in a trade and another entry point comes around, you must be out of the trade first. Another words, if you got into number 1 entry point, and you have not reached the 100pip target, and you come upon entry 2, or even 3, or 4, then all these other entry points are ignored.
hey jr.... yep, leaving maxlongs and maxshorts set to "1", trades 1 long at a time..... and of course if it's set on 2 it will take 2 and so on.....

i have the ea running live on the eurusd, audusd , on the 15, 30 and 60 minute charts.... chose those due to the fact they appeared the absolute worst to apply it to...... will ad more sunday night..... h
to trade and code, keep both simple... no call to impress....h
  • #88
  • Edited 11:35am Jan 18, 2008 9:51am | Edited 11:35am
New Method - Please read Original Post
http://www.forexfactory.com/showthread.php?t=65439
---------------------------------------------------------------

I need some changes made on the EAs due to the fact that I was up until the wee hours of the morning trying to figure out a better way. In doing that I stumbled upon a possible gold mine.

Changes: I need the EAs made for 5 Minute Chart. Same principal, only changes are the time frame, and no waiting for the channel to cross....so long as the candle is clearing all three MAs. No extra entrys until the open one is closed.

Guys/Gals, check it out.......Niiiice.
  • #89
  • Jan 18, 2008 11:04am Jan 18, 2008 11:04am
jr, This is interesting, but is certainly a different method. It should be made clear that there are now two systems being discussed. A short and a longer term. I suggest you edit your original post. In that first post you should point out there are now 2 systems. Go ahead and update your original system with the rules as we have flushed them out. Then put the rules for this new system. Point out that the new short timeframe system is not currently programmed in neither the indicator nor the EA. I would also suggest you place a link to your original post of this new system back there stating something like, "Discussion of the shorter timeframe system does not begin until:"

If you don't do this there will be lots of confusion... I PROMISE. And we'll all spend countless hours explaining over and over what is going on, even as it is evolving. If you keep the original posting (or one as close to it as possible)as a summary for the whole thread, whenever a question comes up we can all just direct the questioner to that post.

My 2 cents.

Quoting jr2007
I need some changes made on the EAs due to the fact that I was up until the wee hours of the morning trying to figure out a better way. In doing that I stumbled upon a possible gold mine.

Changes: I need the EAs made for 5 Minute Chart. Same principal, only changes are the time frame, and no waiting for the channel to cross....so long as the candle is clearing all three MAs. No extra entrys until the open one is closed.

Guys/Gals, check it out.......Niiiice.
  • #90
  • Jan 18, 2008 11:28am Jan 18, 2008 11:28am
Quoting Qman
jr, This is interesting, but is certainly a different method. It should be made clear that there are now two systems being discussed. A short and a longer term. I suggest you edit your original post. In that first post you should point out there are now 2 systems. Go ahead and update your original system with the rules as we have flushed them out. Then put the rules for this new system. Point out that the new short timeframe system is not currently programmed in neither the indicator nor the EA. I would also suggest you place a link to your original post of this new system back there stating something like, "Discussion of the shorter timeframe system does not begin until:"

If you don't do this there will be lots of confusion... I PROMISE. And we'll all spend countless hours explaining over and over what is going on, even as it is evolving. If you keep the original posting (or one as close to it as possible)as a summary for the whole thread, whenever a question comes up we can all just direct the questioner to that post.

My 2 cents.
Done, Thank you
  • #91
  • Jan 18, 2008 11:55am Jan 18, 2008 11:55am
Quoting jr2007
New Method - Please read Original Post
http://www.forexfactory.com/showthread.php?t=65439
---------------------------------------------------------------

I need some changes made on the EAs due to the fact that I was up until the wee hours of the morning trying to figure out a better way. In doing that I stumbled upon a possible gold mine.

Changes: I need the EAs made for 5 Minute Chart. Same principal, only changes are the time frame, and no waiting for the channel to cross....so long as the candle is clearing all three MAs. No extra entrys until the open one is closed.

Guys/Gals, check it out.......Niiiice.


Please Confirm:


BUY:
Current Candle closes Long
Current Candle opens completely above the HIGH 13 MA
Current Candle above the 100 XMA
Previous candle was partially/wholly inside the channel.


SELL:
Current Candle closes Short
Current Candle opens completely below the LOW 13 MA
Current Candle below the 100 XMA
Previous Candle was partially/wholly inside the channel.
  • #92
  • Jan 18, 2008 12:04pm Jan 18, 2008 12:04pm
Quoting Ronald Raygun
Please Confirm:


BUY:
Current Candle closes Long
Current Candle opens completely above the HIGH 13 MA
Current Candle above the 100 XMA
Previous candle was partially/wholly inside the channel.


SELL:
Current Candle closes Short
Current Candle opens completely below the LOW 13 MA
Current Candle below the 100 XMA
Previous Candle was partially/wholly inside the channel.

Looks right. Also, I am looking at possible profit target. Need to get an average in order to determine. For now, 100/50 looks to be the better option. 100tp/50sl. Although, 100tp needs to be evaluated.
  • #93
  • Jan 18, 2008 12:33pm Jan 18, 2008 12:33pm
Here is my version of this new 5 min system.

Just make sure you put it on a 5 min chart.
Attached File(s)
File Type: mq4 13MA_Hi_Lo_v2.mq4   10 KB | 842 downloads
  • #94
  • Jan 18, 2008 12:36pm Jan 18, 2008 12:36pm
Quoting Ronald Raygun
Here is my version of this new 5 min system.

Just make sure you put it on a 5 min chart.
Thank you, will Demo.
  • #95
  • Jan 18, 2008 1:37pm Jan 18, 2008 1:37pm
Quoting Ronald Raygun
Please Confirm:


BUY:
Current Candle closes Long
Current Candle opens completely above the HIGH 13 MA
Current Candle above the 100 XMA
Previous candle was partially/wholly inside the channel.


SELL:
Current Candle closes Short
Current Candle opens completely below the LOW 13 MA
Current Candle below the 100 XMA
Previous Candle was partially/wholly inside the channel.
I placed the EA on a 5 minute chart. No action was taken at the first candle outside the channel. Did I need to do something to the EA?
  • #96
  • Edited 2:19pm Jan 18, 2008 2:01pm | Edited 2:19pm
Hi jr2007!

Very intersting that you are using your wave also on other timeframes now.
If you don't mind you may also check out the very similar concept developed by R. Horner called the "Horner wave" which works with the 34ema in all timeframes.

http://www.fxfisherman.com/forums/fo...html#post13352

http://www.ez2tradesoftware.com/automate.html

Very funny to find out for me: She also has the painted bars in her setup:
"Another powerful visual indicator is the color coded candles that tell you whether prices are on the strong or weak side of the Wave."
/ ... clarifying decisions ... /
  • #97
  • Jan 18, 2008 3:54pm Jan 18, 2008 3:54pm
Quoting walb99
Hi jr2007!

Very intersting that you are using your wave also on other timeframes now.
If you don't mind you may also check out the very similar concept developed by R. Horner called the "Horner wave" which works with the 34ema in all timeframes.

http://www.fxfisherman.com/forums/fo...html#post13352

http://www.ez2tradesoftware.com/automate.html

Very funny to find out for me: She also has the painted bars in her setup:
"Another powerful visual indicator is the color coded candles that tell you whether prices are on the strong or weak side of the Wave."
thats pretty good, thanks for posting. The bottom link has pictures.
  • #98
  • Jan 18, 2008 4:01pm Jan 18, 2008 4:01pm
Will test to see performance next week
  • #99
  • Jan 18, 2008 10:07pm Jan 18, 2008 10:07pm
Quoting jr2007
I placed the EA on a 5 minute chart. No action was taken at the first candle outside the channel. Did I need to do something to the EA?
Default settings should work. However, I realized that the EA didn't open sell orders. This has been fixed now.

Also, please note that the previous candle's open needed to be inside the channel.

If you think something is wrong, take a screenshot and show it to me. (do point out the missed signal.) I'll work from there.
Attached File(s)
File Type: mq4 13MA_Hi_Lo_v2.mq4   10 KB | 742 downloads
  • #100
  • Jan 19, 2008 4:16am Jan 19, 2008 4:16am
Quoting Ronald Raygun
Default settings should work. However, I realized that the EA didn't open sell orders. This has been fixed now.

Also, please note that the previous candle's open needed to be inside the channel.

If you think something is wrong, take a screenshot and show it to me. (do point out the missed signal.) I'll work from there.
Ronald
have downloaded to MT4 but it will not open
cheers
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