13 low 13 high MA 1 hr chart System

Quoting hayseed

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hey jr..... the original ea, jr2007, uploaded in post 56 should follow your earilest rules and also the picture you just provided.....

the second ea , posted later, was when the rules were changed so i changed the name.... jr2007 ea.....

i'm using the first version , post 56..... the settings , 'maxlongorders' and 'maxshortorders' are set at 1..... it should only open 1 at a time unless you change it.....

all my trades opened and closed correctly on all pairs and timeframes, however i was not using the 5 minute...... my timeframes were 15, 30 and hour......

all jr2007 open trades have closed and i have pulled the ea......

using ea's can be quite dicey at times.....i've mentioned several times about possible improvements...... look close at the picture and those improvements should be obvious.....

rewriting ea now.....h

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Quoting hayseed

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hey jr.....every trade closed with 100 pip gain..... that was luck..... the picture posted friday shows some..... many more trades triggered sunday night..... i have mine set for 5 open trades at a time.... that allows for 5 open trades per symbol and per time frame.... so placeing the ea on 2 different pairs and 2 different time frames allows for 10 potential open orders each way..... i included a magicnumber generator to keep all trades seperate.....

however, before we start toasting to victory, we should note in no way did we maximised the trades potential..... true, they closed with 100 pips but all could have easily gone on for 200 and still countin.......

maximising the trades potential is not always greed, sometimes it's the key to longevity.....

we might need to doll up the exit code some......h

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Quoting hayseed

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hey jr..... the arrows will mark every possible entry so many possible entrys will be passed by due to us being in a trade..... unless we all enter on the exact same signal each time our entrys will vary.....

i have confused the situation by posting charts showing tests run that placed multiple orders, i will refrain from doing that in the future..... however, i can assure you the end result here will not be single trades but rather multiple trades possibly as many as 5 , but as you say, that is for another day.....


i haven't read the entire thread so not familar with the 5 minute deal,..... are there differing rules , in any way at all, for it than those seen in your first post...... any changes no matter how small.....

deals like this take some time to iron out and it's worth our time to make sure it works as planned.... sometimes i might write an ea several dozen times before satisfaction.....

let me know about the rules, will change what needs be......h

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Quoting walb99

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very cool your break-out system, in combination with the trigger-lines it looks like this:

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Quoting jr2007

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Thank you very much. Here are the changes.

Using the 5min Chart
100MA still used as the Major Directional signal.
No need for channel to cross. So long as the opening of a new candle is beyond all 3 MAs.
Take profit is:100
Stop Loss is:50

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Quoting aelimian

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Your 5 minute 13 SMA channel strategy appears very good and is identical with signals from the X50 5 minute also on this forum? Check it out.

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Quoting jr2007

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In terms of the goal, I am sure we are all after the same thing. In terms of similarity, I don't see it. Regardless, we're all here after the same goal. Success, and Profit. More power to all of us.

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Quoting hayseed

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hey jr..... take a look and see if this is close..... each arrow is marking the entry bar, so we would buy/sell on that bars open..... the actual signal bar in each case would be the prior bar.....

if you look close, first the signal candle forms above all ma's then we buy next open..... on the sell side first the candle forms below all ma's and then we sell the next open..... the actual buy and sell bars are marked with arrows......

pay special attention to sell bars 3 and 4..... if you look close you'll see the prior bar fullfilled all rules..... that being, a candle formed below all ma's .....

when you mentioned, '' long as the opening of a new candle is beyond all 3 MAs."....... does the close of that new candle also have to be beyond all 3 ma's......h

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Quoting aelimian

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They are not identical in any sense. They appear to give entry signals at about if not exactly same candle. That was my point. Thanks for your contribution.

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Quoting hayseed

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hey jr..... ok we can do it.... it will however not work in your favor due to the large number of whiplashes....

rather than post it i'll pm it to you.... that way you can give it a test drive, and post if it proves satisfactory.....

if ya don't mind me askin, what is the reason for moving your entry back one bar from your original rules.....

all markets are lookin wild today, so might take me a minute.....h

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Quoting Silver

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Jr

Great system, I have one suggestion on the filtering. I post one indicator, just see if this is not a better filter than the 100 MA. JUst add it with default settings, your opinion will be appreciated.

Regards

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Quoting hayseed

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hey jr.... apparently we can't pm attachment's so the ea is the link provided in the pm....

it open trades with pretty much your one and only one rule per post 145 .....

that rule being only one trade a time and enter the exact bar when the open clears all 3 ma's.....h

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Quoting Mombone

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Hey JR and Hayseed,

Am new to this game and have been following this thread. I tried RR's EA and had good results Sunday night but got killed on Monday. I inserted this LSAR indicator and it appears to give good early signals. When you first load it signals are barely visible. Change font on indicator to 5. As I said I am new and don't know if this repaints or not. Could it be possible to work this into EA.
Thanks for all your effort,
Mombone

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