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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

  • #221
  • Jan 25, 2008 9:05am Jan 25, 2008 9:05am
Quoting acetrader
Hi jr2007

Tks for posting this very simple & chart clean method. I have followed this thread from the beginning, but have not put the method to the test. If I use the 5Min method is there an indicator for that @ this time. Also would the method work on the 15Min time frame in the manual mode as I'm not that keen on ea's. The for your response & I look forwar to giving it a test.

AceTrade
Nothing is set in stone at this moment. I am still demo'ing. But, by all means, use all the time frames you want, and the picture I posted is what I am using for everything related to this thread.
  • #222
  • Jan 25, 2008 9:27am Jan 25, 2008 9:27am
Quoting jr2007
Ok, the rule is as soon as the opening of the first candle appears. That same candle at the close may even go on and beyond the said lines. As long as its the first opening candle...as soon as it appears.

Also, when in a position, do you close it out when a trade appears in the opposite direction?

Not sure if this is what you are asking, but if the the 2 indicators at the bottom give me a signal of possible reverse direction, yes, I get out. Sometimes with profit, and sometimes with a small loss.
Sorry, but you lost me.
The first opening candle of what? What is it the first of?

I'm attaching a chart showing what I believe to be trade entrances.
Please correct me if I am wrong with any of them.


What I was asking in my second question was this:

Assume you are in a long position.
You have not hit the 100PT or the 100SL.
A short entrance appears.
Do you close the long and open the short position?
Attached Image (click to enlarge)
Click to Enlarge Name: gy.gif Size: 47 KB
  • #223
  • Jan 25, 2008 10:58am Jan 25, 2008 10:58am
jr2007

Tks for your reply. Look forward to your results. Just giving the indicator that was posted a quick scan it appears the 15m gives some good trade opportunities on several pairs. When you look back on several pairs & find the 15M, 30M & 1H in harmony it usually produces some nice moves.
RSI comes to mind when thinking of a filter.

If there is an indicator for this that can be set to use for 15M, 30M & 1H time frames that would be nice. Just a though.
  • #224
  • Edited 11:14am Jan 25, 2008 11:01am | Edited 11:14am
http://www.forexfactory.com/attachme...1&d=1201280441

Assume you are in a long position.
You have not hit the 100PT or the 100SL.
A short entrance appears.
Do you close the long and open the short position?

----------------------

Sorry, I think I got your question now. When I am in a trade, I only take the longs if the channel is above the 100MA, and the Shorts when the channel is below the 100 MA. Also, I only enter where the next candle (Above/Below) appears beyond all 3 MAs
Attached Image
  • #225
  • Edited 1:49pm Jan 25, 2008 11:11am | Edited 1:49pm
Quoting jr2007
http://www.forexfactory.com/attachme...1&d=1201280441

Assume you are in a long position.
You have not hit the 100PT or the 100SL.
A short entrance appears.
Do you close the long and open the short position?

----------------------

I only enter where the next candle (Above/Below) appears beyond all 3 MAs
Jr,
You have used the term "first", "next" and "after" to describe the same candle. I'm having a very difficult time understanding you.

Let me try this. Are these true statements?

1. Enter long on the first open above the three moving averages.

2. Enter short on the first open below the three moving averages.
  • #226
  • Jan 25, 2008 11:15am Jan 25, 2008 11:15am
Quoting billbss
Jr,
You have used the term "first", "next" and "after" to describe the same candle. I'm having a very difficult time understanding you.

Let me try this. Is these true statements?

1. Enter long on the first open above the three moving averages.

2. Enter short on the first open below the three moving averages.
Exactly
  • #227
  • Jan 25, 2008 1:08pm Jan 25, 2008 1:08pm
This is how I would interpret it....

Use the 100 MA as the trend, if above, look for longs, and vice versa for shorts.

For a LONG:
The prior cande closes above the upper MA though part of the body maybe be inside the two MA.
If the current candle opens above the two MA, we go long.

For a SHORT:
The prior cande closes below the lower MA though part of the body maybe be inside the two MA.
If the current candle opens below the two MA, we go short.
  • #228
  • Jan 25, 2008 1:31pm Jan 25, 2008 1:31pm
Quoting et_phonehome_2
This is how I would interpret it....

Use the 100 MA as the trend, if above, look for longs, and vice versa for shorts.

For a LONG:
The prior cande closes above the upper MA though part of the body maybe be inside the two MA.
If the current candle opens above the two MA, we go long.

For a SHORT:
The prior cande closes below the lower MA though part of the body maybe be inside the two MA.
If the current candle opens below the two MA, we go short.
yes
  • #229
  • Jan 25, 2008 5:51pm Jan 25, 2008 5:51pm
Here is an idea for a filter. I am posting a picture with numbered arrows that connect to numbered boxes. Please note the color on the OSMA Indicator. I noticed that if I take a Short trade when the OSMA Indicator is Red, the trade is more likely to run its pip course. Also, the same holds true for the Long Trades with the Green color. Now, notice I got out when the Indicator turned Green, it was then that I closed the trade. Although there were many in and outs with many small losses. The Giant Pip Runs made up for that.

Again, like I said before, it is just an idea. I need to demo this more. If this pans out, it would be nice to add it to the EA.
http://www.forexfactory.com/attachme...1&d=1201305059
Attached Image
  • #230
  • Edited 6:43pm Jan 25, 2008 6:28pm | Edited 6:43pm
Quoting jr2007
Here is an idea for a filter. I am posting a picture with numbered arrows that connect to numbered boxes. Please note the color on the OSMA Indicator. I noticed that if I take a Short trade when the OSMA Indicator is Red, the trade is more likely to run its pip course. Also, the same holds true for the Long Trades with the Green color. Now, notice I got out when the Indicator turned Green, it was then that I closed the trade. Although there were many in and outs with many small losses. The Giant Pip Runs made up for that.

Again, like I said before, it is just an idea. I need to demo this more. If this pans out, it would be nice to add it to the EA.
http://www.forexfactory.com/attachme...1&d=1201305059
The problem I see, is that you are entering on the open. You don't know what color the OSAMA bar will be when that bar closes.

When you look back on a chart and it seems to work, the OSAMA color you see, wasn't established when you would have entered the trade.
  • #231
  • Edited 8:43pm Jan 25, 2008 6:41pm | Edited 8:43pm
Quoting billbss
The problem I see, is that you are enter on the open. You don't what color the OSAMA bar will be when that bar closes.

When you look back on a chart and it seems to work, the OSAMA color you see, wasn't established when you would have entered the trade.
Ok, I did not fully explain, sorry. I am using the OSMA with the last 3 candles majority rule factor for the entry. It is still the first opening candle beyond the MAs. But, actually.....There are times one red, or one green is out, and the next candlestick is the signal, then hey, you get in. Hey, anyone who has been trading for a while knows there is no perfect formula, you work with what you can. Again, this is just brain storming at this moment. Need to demo more.
  • #232
  • Jan 26, 2008 2:17am Jan 26, 2008 2:17am
hi all

just my two cents.

Here is a link to a video where Mark explains how to use these channels in trading . he explains it for use in 5 min , but can be modifoed for a trading on a higher timeframe also .

Pl check

http://www.tradeology.com/lessons/channelintro.html
  • #233
  • Jan 26, 2008 7:39am Jan 26, 2008 7:39am
hey onlooker..... thanks for the link..... yes that is very similar to what jr is attempting.... to trade a channel of some sort with a tie of some sort to a confirming indicator..... he is using the osma, which is essentialy the macd but with a different appearance.... none the less, it's essentialy the macd....

at the top of the mq4 code in the ea's provided, there are what appears to be excessive number of yet unused bools.... andtruth is, i cut over half of them out.....

those bools are meant to be used as comfirmations to keep our trades tuned to the markets direction, as your video suggests..... or at least as in tune as we can get..... again , just as your video suggests....

and yet again, thanks very much for the link.....h
Attached Image(s) (click to enlarge)
Click to Enlarge Name: onlooker1.gif Size: 72 KB
Click to Enlarge Name: onlooker2.gif Size: 75 KB
to trade and code, keep both simple... no call to impress....h
  • #234
  • Jan 26, 2008 10:28am Jan 26, 2008 10:28am
hey jr.... fixin to send ya the ea with changes.... you can see it takes you out when the color turns against you...... post if it meets your conditions, or holler back if any changes are needed.....h


couple points need to be mentioned here..... at first i thought the indicators jr posted in post 209 contained an error.... after inspection what i found was the indicators are using "price weighted" instead of "close".... which of course makes a slight difference, whether or not the difference is + or - , i did not look at..... likely as not in the long run it will make no difference.....

and second, i've extended the change in color thru the chart by using the blue bar..... until the bar has completed you will not know its true ending color, so in pratical terms your earliest exit would have to be the following bars open..... and as you can see the trades were closed on that open.......h
Attached Image (click to enlarge)
Click to Enlarge Name: osma.gif Size: 72 KB
to trade and code, keep both simple... no call to impress....h
  • #235
  • Jan 28, 2008 10:51am Jan 28, 2008 10:51am
It looks like your EA will initiate a short trade if the OSMA color changes from bright green to dark green. I believe the intent from JR is to only take trades in the direction of the overall color. So, only allow short trades if OSMA is red, and only allow long trades when OSMA is green.

The confusion comes from Billbss using a different OSMA indicator in his chart postings. OSMA may be a good filter for this, but we need to use extra caution if we are using different versions of the same indicator. I actually prefere Billbss indicator because it provides more information about a trend weakening. I don't know if that is useful at some point... that is still to be determined. Still, red vs. green was what JR was focused on and that seems to be missed in your EA.

I do love EAs. So don't think I'm beating you up. Confusion happens. I very much appreciate your efforts and I'm eager to give it a spin once you get this fixed. I am very surprised to see nobody online besides me, and I am a little concerned that JR has been missing for awhile... JR- are you okay?

Quoting hayseed
hey jr.... fixin to send ya the ea with changes.... you can see it takes you out when the color turns against you...... post if it meets your conditions, or holler back if any changes are needed.....h


couple points need to be mentioned here..... at first i thought the indicators jr posted in post 209 contained an error.... after inspection what i found was the indicators are using "price weighted" instead of "close".... which of course makes a slight difference, whether or not the difference is + or - , i did not look at..... likely as not in the long run it will make no difference.....

and second, i've extended the change in color thru the chart by using the blue bar..... until the bar has completed you will not know its true ending color, so in pratical terms your earliest exit would have to be the following bars open..... and as you can see the trades were closed on that open.......h
  • #236
  • Jan 28, 2008 11:02am Jan 28, 2008 11:02am
Just a note. Have been using last version of EA since late Thursday on EU GU UJ and GJ on 5 min, 15min, 30min with 0.1 lot size and am up over $900. Only thing different is I use 35 pip trailing stop. Looking forward to new EA.

Thanks for all your work guys
Mombone
  • #237
  • Edited 2:35pm Jan 28, 2008 11:27am | Edited 2:35pm
http://www.forexfactory.com/attachme...1&d=1201541481

I pm'd Hayseed over the weekend. I was Brainstorming over the get out method. Boy, did my head explode (sarcasm).

Anyway, He sent me an indicator he posted on another thread. Wow, niiiice!!!
Guppy Selectable


Because I have no problem with the get in method, I would like to use it strictly as the get out method. I know Hayseed can program this, but at this point I feel like I am taking advantage of him. Sorry Hayseed. I will post the Indicator he sent. I will also post a picture of what happened last night. White line indicates a winning trade. Red line indicates a losing trade. Granted, it was only one night of demo'ing, back-test still looks good.

Also, I made some changes, "Adjustments".

Same 13/13 Channel.
No 100ma
the get in method is the same, excluding the 100ma.

The get out is the Indicator: Guppy Selectable - Red/Blue cross is the out.
Attached Image
Attached File(s)
File Type: mq4 guppy selectable.mq4   4 KB | 416 downloads
  • #238
  • Jan 28, 2008 12:24pm Jan 28, 2008 12:24pm
Quoting Qman
It looks like your EA will initiate a short trade if the OSMA color changes from bright green to dark green. I believe the intent from JR is to only take trades in the direction of the overall color. So, only allow short trades if OSMA is red, and only allow long trades when OSMA is green.

The confusion comes from Billbss using a different OSMA indicator in his chart postings. OSMA may be a good filter for this, but we need to use extra caution if we are using different versions of the same indicator. I actually prefere Billbss indicator because it provides more information about a trend weakening. I don't know if that is useful at some point... that is still to be determined. Still, red vs. green was what JR was focused on and that seems to be missed in your EA.

I do love EAs. So don't think I'm beating you up. Confusion happens. I very much appreciate your efforts and I'm eager to give it a spin once you get this fixed. I am very surprised to see nobody online besides me, and I am a little concerned that JR has been missing for awhile... JR- are you okay?
Haha.., yeah I'm ok. Thanks for asking.
  • #239
  • Jan 28, 2008 12:57pm Jan 28, 2008 12:57pm
Quoting Qman

The confusion comes from Billbss using a different OSMA indicator in his chart postings. OSMA may be a good filter for this, but we need to use extra caution if we are using different versions of the same indicator. I actually prefere Billbss indicator because it provides more information about a trend weakening.
I'm not sure what you mean.
I used the OSMA indicators that JR posted.
My chart looks no different than his chart.
  • #240
  • Jan 28, 2008 12:57pm Jan 28, 2008 12:57pm
Okay, took a quick look at the internals of the "Guppy Selectable" indicator. If you are using the default settings, and taking signals from the red/blue crosses, you are just looking at a 2SMA crossing a 16SMA. I can't check that on a chart from here, but I'm pretty sure I am right. That could allow you to declutter the screen some.

Quoting jr2007
http://www.forexfactory.com/attachme...1&d=1201541481

I pm'd Hayseed over the weekend. I was Brainstorming over the get out method. Boy, did my head explode (sarcasm).

Anyway, He sent me an indicator he posted on another thread. Wow, niiiice!!!
Guppy Selectable


Because I have no problem with the get in method, I would like to use it strictly as the get out method. I know Hayseed can program this, but at this point I feel like I am taking advantage of him. Sorry Hayseed. I will post the EA he sent. I will also post a picture of what happened last night. White line indicates a winning trade. Red line indicates a losing trade. Granted, it was only one night of demo'ing, back-test still looks good.

Also, I made some changes, "Adjustments".

Same 13/13 Channel.
No 100ma
the get in method is the same, excluding the 100ma.

The get out is the Indicator: Guppy Selectable - Red/Blue cross is the out.
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