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Attachments: Trade the Slope System
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Trade the Slope System

  • #201
  • Jan 17, 2008 8:15pm Jan 17, 2008 8:15pm
Hey fellas, i can't seem to get the Ea to place trades. "Eachtickmode" is set to false, indicator is also up, smiley face looks happy, experts message says initialized. Is it working on a 5 minute chart for anyone? What would you recommend?
"Only when the tide goes out will we know who is swimming naked."
  • #202
  • Jan 18, 2008 10:20am Jan 18, 2008 10:20am
Hi everyone,

I am looking for a alet for the HMA when it changes color, I have tried the one posted earlier in this thread but i can get it to work.

if any one could post a working alert i would be most greatful I cant seem to find one anywhere.

thanks
  • #203
  • Jan 18, 2008 11:19am Jan 18, 2008 11:19am
Hi, try these, change the name of the file if wanted.


Quoting Someone
Hi everyone,

I am looking for a alet for the HMA when it changes color, I have tried the one posted earlier in this thread but i can get it to work.

if any one could post a working alert i would be most greatful I cant seem to find one anywhere.

thanks
Attached File(s)
File Type: mq4 HMA.mq4   3 KB | 899 downloads
File Type: mq4 HMA Modified.mq4   5 KB | 1,070 downloads
  • #204
  • Jan 18, 2008 11:50am Jan 18, 2008 11:50am
Quoting sivach
Hi, try these, change the name of the file if wanted.

Thanks for that, il test it now on a 5 min chart and see if the alerts work.

BTW whats the stoploss and take profit for? its not a EA is it?

Thanks again.
  • #205
  • Jan 18, 2008 11:53am Jan 18, 2008 11:53am
Hi,

The HMA one didnt work for me and the other one is not the same as my current hma on the same 30 setting.

Thanks for trying anyway
  • #206
  • Jan 18, 2008 12:02pm Jan 18, 2008 12:02pm
Quoting pipped oFF
Hey fellas, i can't seem to get the Ea to place trades. "Eachtickmode" is set to false, indicator is also up, smiley face looks happy, experts message says initialized. Is it working on a 5 minute chart for anyone? What would you recommend?

With my setup (60/30/15) I'm getting around 4 trades/week. Be patient. Let it run for a week, if nothing happens, tell me and please include screenshots of missed signals.
  • #207
  • Jan 18, 2008 2:14pm Jan 18, 2008 2:14pm
Quoting Ronald Raygun
With my setup (60/30/15) I'm getting around 4 trades/week. Be patient. Let it run for a week, if nothing happens, tell me and please include screenshots of missed signals.

Ok sounds good. I think I have the same question as G-man and that is should the Ea settings of (60/30/15) match the period, method, and price settings of the Slope line indicator? If i wanted the Ea stop & reverse when the indicator changes would i change the Ea's MA period and base & secondary chart settings? Referring to the chart G-man posted, it looks like it placed a buy trade when it should have placed a sell at the top of the trend reversal. I hope i'm understanding this correctly. If anyone has any charts to post that would be excellent. Thanks for any suggestions.
"Only when the tide goes out will we know who is swimming naked."
  • #208
  • Jan 18, 2008 3:07pm Jan 18, 2008 3:07pm
So... i downloaded the "Slope Direction Line.ex4 " file from the first post of this discussion. How do i now install it in Metatrader 4? Can't seem to figure it out so far.
  • #209
  • Jan 18, 2008 4:41pm Jan 18, 2008 4:41pm
Quoting Someone
Hi everyone,

I am looking for a alet for the HMA when it changes color, I have tried the one posted earlier in this thread but i can get it to work.

if any one could post a working alert i would be most greatful I cant seem to find one anywhere.

thanks
Try this.
Attached File(s)
File Type: ex4 HMA4.ex4   10 KB | 885 downloads
File Type: mq4 HMA4.mq4   7 KB | 1,188 downloads
  • #210
  • Jan 18, 2008 9:57pm Jan 18, 2008 9:57pm
Quoting pipped oFF
Ok sounds good. I think I have the same question as G-man and that is should the Ea settings of (60/30/15) match the period, method, and price settings of the Slope line indicator? If i wanted the Ea stop & reverse when the indicator changes would i change the Ea's MA period and base & secondary chart settings? Referring to the chart G-man posted, it looks like it placed a buy trade when it should have placed a sell at the top of the trend reversal. I hope i'm understanding this correctly. If anyone has any charts to post that would be excellent. Thanks for any suggestions.
As long as you properly entered in the settings I see no reason why not. Look at my version of the trend slope indicator. (Whichever version is under my post, I'm typing from a car right now.) That version has a time input so you can add that to you chart. Just make sure that the times line up and that you can tell the difference between the lines.

If you want the EA to stop and reverse at an opposite signal, tell me because I would need to recode a completely different version. This version closes a trade when the base TF changes slope.
  • #211
  • Jan 19, 2008 8:53am Jan 19, 2008 8:53am
Quoting Ronald Raygun
With my setup (60/30/15) I'm getting around 4 trades/week. Be patient. Let it run for a week, if nothing happens, tell me and please include screenshots of missed signals.

How many pair ares you trading???

great job, thanks

generalz
  • #212
  • Jan 19, 2008 9:54am Jan 19, 2008 9:54am
GBYJPY exclusively. But there is no reason why others won't work.
  • #213
  • Jan 19, 2008 10:35am Jan 19, 2008 10:35am
Quoting Ronald Raygun
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.

Ronald...

I have version2..should I set the Eachtickmode to FALES ? it is true now..

how has your profit been over time??

generalz
  • #214
  • Jan 19, 2008 6:32pm Jan 19, 2008 6:32pm
Over my two-week testing, I went from $1,000 to about $1,200. A modest return I think, but it's a profit so I'm not complaining.

EachTickMode means that for every trade that changes the price, the EA runs the calculations again to determine whether or not it should trade.

When EachTickMode is false, then the EA checks at the close of the bar OF THE TIME FRAME IT IS POSTED IN. That's why I put my EA on the shortest time frame of my testing (15 mins in my case). It checks all three slopes every 15 mins which is reasonable because that's how often the slope can change.
  • #215
  • Jan 20, 2008 4:11am Jan 20, 2008 4:11am
Great system ematrader.

I've been playing around with a similar long term system using the daily chart, however I've not been using shorter timeframes for more accurate entry.
I most certainly will consider it now.

rgs
mike
  • #216
  • Jan 21, 2008 5:45pm Jan 21, 2008 5:45pm
I have not liked the large exit for this system. I think both the EA and PTOURNIS it gives back too much. I have EA demo running since 1/13 with 8 pair. I have banked 622 pips and at this moment have 136 unrealized for a total of 759.

I wait for a stall close out winnning trades manually and let the EA open new trades. I am not sure how effective this will be but it is acting as a refresh for trades. I really don't care when i close the trades. Most important is that I bank my winners.

just a thought

generalz
  • #217
  • Jan 21, 2008 9:10pm Jan 21, 2008 9:10pm
When does the trailing stop kick in for the EA?
  • #218
  • Jan 21, 2008 9:25pm Jan 21, 2008 9:25pm
Depends. Trailing stop applies immediately. I set my trailing stop to 150 with I think a 100 pip initial stoploss.

When the trade goes into 100 pips profit, the trailing stop takes over.
  • #219
  • Edited 10:56pm Jan 22, 2008 12:24am | Edited 10:56pm
Quoting Ronald Raygun
Over my two-week testing, I went from $1,000 to about $1,200. A modest return I think, but it's a profit so I'm not complaining.

EachTickMode means that for every trade that changes the price, the EA runs the calculations again to determine whether or not it should trade.

When EachTickMode is false, then the EA checks at the close of the bar OF THE TIME FRAME IT IS POSTED IN. That's why I put my EA on the shortest time frame of my testing (15 mins in my case). It checks all three slopes every 15 mins which is reasonable because that's how often the slope can change.
Quoting generalz
I have not liked the large exit for this system. I think both the EA and PTOURNIS it gives back too much. I have EA demo running since 1/13 with 8 pair. I have banked 622 pips and at this moment have 136 unrealized for a total of 759.

I wait for a stall close out winnning trades manually and let the EA open new trades. I am not sure how effective this will be but it is acting as a refresh for trades. I really don't care when i close the trades. Most important is that I bank my winners.

just a thought

generalz
I'd have to agree with you. I've been banking pips and closing trades, but I've noticed the EA will just open them right back up in the same direction.

I also agree with a previous post that it would be nice if the EA would close the trade if the lowest TF changed direction. This would take full advantage of MTF's, and preserve a good portion of the pips earned, instead of giving so many back. Also, it would allow us to test running this EA on several 3 TF sets to determine which might be most profitable.

The last issue I'm still wondering about is I have eachtickmode set to false, which, according to Ronald:

"When EachTickMode is false, then the EA checks at the close of the bar OF THE TIME FRAME IT IS POSTED IN."

See attached chart of G/U on M15. Shouldn't the EA have exited this trade back when trendslope changed to long? You'll notice obviously that the short is still in place- of course which turned out to be a good thing, but still I'd like to understand the functionality and logic of the EA. Not sure what I'm missing- Thanks for any thoughts.
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.gif Size: 39 KB
Within apparent chaos there is order for those who know how to look
  • #220
  • Jan 22, 2008 10:20am Jan 22, 2008 10:20am
Instead of the slope indicator you can also take Heikin Ashi candlesticks. The result should be even better because they are much more accurate than the slope.
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