13 low 13 high MA 1 hr chart System

Quoting Ronald Raygun

Disliked

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.

Ignored

Quoting hayseed

Disliked

hey jr.... reasonably sure i know the why the signal did not place a trade but just to make sure, exactly what was the time of the missing trade.....h

Ignored

Quoting hayseed

Disliked

hey jr..... ok, scratch my prior request..... it is as i suspected..... it's ronalds code..... noticed it when i ran compartion backtests between his version and mine.....

he has included on both the buy and sell sides a condition that relates to the open vs the close which is in contradiction to your rules, or at least my understanding of them......h

Ignored

Quoting hayseed

Disliked

hey jr.... reasonably sure i know the why the signal did not place a trade but just to make sure, exactly what was the time of the missing trade.....h

Ignored

Quoting jr2007

Disliked

Hayseed, I am demoing the EA you placed in this thread with a picture of painted bars. It seemed to enter as per rules for the 5min. strategy. I am crossing my fingers that this is what I need. Will demo all day until tomorrow. Thanks for posting.

Ignored

Quoting tdion

Disliked

What about a backtest using M1 data? Sure, it won't be perfect based on M5, but it will tell you if the majority of signals are where they need to be (by eyeballing the chart.)

Ignored

Quoting tdion

Disliked

Real quick: Using M1 is absolutely critical to getting accurate results..... Anything lower than 90% MQ will be unreliable.

Ignored

Quoting hayseed

Disliked

hey tdion..... all my back tests are derived from minute data, sometimes as much as 4 years worth.... the platform will first take the minute data and build accurate higher time frame files, then use that higher time frame file from then on......

your higher time frame data file is as pure as your 1 minute data , providing you never log on with that platform......

for that reason all my back testing is done in platforms that never ever connect to a server...... i'm reasonably sure you knew that but some might not.....

hey jr..... i've had the ea running for several days and all trades seem to go as planned..... it's opened and closed many trades and all trades have opened properly, as per your first post picture..... each has luckily closed with 100 pips gain...... of course those gains could have been losses..........h

Ignored

Quoting tdion

Disliked

What about a backtest using M1 data? Sure, it won't be perfect based on M5, but it will tell you if the majority of signals are where they need to be (by eyeballing the chart.)

Ignored

Quoting jr2007

Disliked

Hayseed, I am demoing the EA you placed in this thread with a picture of painted bars. It seemed to enter as per rules for the 5min. strategy. I am crossing my fingers that this is what I need. Will demo all day until tomorrow. Thanks for posting.

Ignored

Quoting hayseed

Disliked

hey tdion..... perhaps i was not clear..... my platforms used in testing never see a server..... there is no chance of any data being added that is not added by me.....

i start with 4 years of minute data only.... then using the period converter i convert the minute data to 5 minute data.....

then using the period converter again i the minute data to 15 minute....

and so on and so on.....

on every currency pair.......

if you looked in the history file you would see my first 1 minute bar as 4/16/2004..... and if you looked at each of the higher time frames you would see they start the exact same day..... nothing predates the earilest minute bar......


i can not back test anything on these minute built platforms prior to 4/16/04 , there is no data..... for any timeframe...... h

Ignored

Quoting hayseed

Disliked

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

Ignored