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the key to the mint

  • #2,781
  • Feb 15, 2008 8:46am Feb 15, 2008 8:46am
geek, thanx for the headsup. also thanks for the work you've done on the ea. have a great weekend. will continue testing next week. Bob
Hej.
  • #2,782
  • Feb 15, 2008 11:30am Feb 15, 2008 11:30am
Quoting MykeFX
Tradergeek, I am a newcomer, but I applaud your efforts!!! this looks to be a good project! I will be demoing this EA and going live if it looks good... Thanks for your effort!

Mike.
be careful going live on any EA that does not have at least a 3 month to 6 month proven record of making money.
To say you will demo and go live if it looks good I can only hope you are talking a couple months down the road at a min.
Don't chase the market, Let the market come to you
  • #2,783
  • Feb 15, 2008 11:42am Feb 15, 2008 11:42am
Quoting Tmac
be careful going live on any EA that does not have at least a 3 month to 6 month proven record of making money.
To say you will demo and go live if it looks good I can only hope you are talking a couple months down the road at a min.
For the record, I agree with this. Please don't run my EA (or any other) with real money until you are very comfortable with it.

That said, the bottom line is it all comes down to the system, not the EA. If the system is really 60% wins with a 1:1 risk/reward, and the EA runs the system correctly, the EA should be profitable.
  • #2,784
  • Feb 15, 2008 12:59pm Feb 15, 2008 12:59pm
Quoting Tmac
be careful going live on any EA that does not have at least a 3 month to 6 month proven record of making money.
To say you will demo and go live if it looks good I can only hope you are talking a couple months down the road at a min.
Thanks for the advice, I am still demoing the mint system also. I have kind of been a system jumper going from one to another and never doing well... I am going to try to stick to one, the mint, and give it some time. I won't go live with the EA or the system until I am confident in the results. Let see what happens!

Mike.
  • #2,785
  • Feb 15, 2008 1:03pm Feb 15, 2008 1:03pm
Quoting MykeFX
Thanks for the advice, I am still demoing the mint system also. I have kind of been a system jumper going from one to another and never doing well... I am going to try to stick to one, the mint, and give it some time. I won't go live with the EA or the system until I am confident in the results. Let see what happens!

Mike.
find one that fits your style of trading or best yet develope your own becauseas long as you are jumping you will never be consistantly profitable and never survive in the forex market. might was well write a check out to your broker and give it to them and dont even bother trading.

Stick to one and fine tune it for YOU and your style
Don't chase the market, Let the market come to you
  • #2,786
  • Feb 15, 2008 1:13pm Feb 15, 2008 1:13pm
Quoting TraderGeek
For the record, I agree with this. Please don't run my EA (or any other) with real money until you are very comfortable with it.

That said, the bottom line is it all comes down to the system, not the EA. If the system is really 60% wins with a 1:1 risk/reward, and the EA runs the system correctly, the EA should be profitable.
I agree also, if the EA can do as well as me manually trading the system, I will use it.

I am using V3 which may be still buggy a per your earlier post. It opened 2 orders last night and closed within seconds "due to indicator change". A 3rd order, opened a buy on the GPD/USD and then closed 3 hours later just as it started to really drop, which was great instead of losing 30 pips it lost only 7. Hope this helps....

Mike
  • #2,787
  • Feb 15, 2008 7:11pm Feb 15, 2008 7:11pm
Quoting MykeFX
I agree also, if the EA can do as well as me manually trading the system, I will use it.

I am using V3 which may be still buggy a per your earlier post. It opened 2 orders last night and closed within seconds "due to indicator change". A 3rd order, opened a buy on the GPD/USD and then closed 3 hours later just as it started to really drop, which was great instead of losing 30 pips it lost only 7. Hope this helps....

Mike
V2 is the one I'm recommending for testing right now. I think I've got the issues with V4 worked out but I want to run it myself on Sunday/Monday before posting it to make sure.

Speaking of, do I need to disallow for the Sunday Candle? I thought I remembered reading somewhere that we use the Friday daily for the Monday signals?
  • #2,788
  • Feb 15, 2008 10:15pm Feb 15, 2008 10:15pm
Quoting TraderGeek
Speaking of, do I need to disallow for the Sunday Candle? I thought I remembered reading somewhere that we use the Friday daily for the Monday signals?
Yes, use the daily close on Friday for Monday's signal. I had to check my notes to make sure
  • #2,789
  • Feb 15, 2008 11:47pm Feb 15, 2008 11:47pm
Quoting seamonkey
Yes, use the daily close on Friday for Monday's signal. I had to check my notes to make sure
okay I'm going to add this to the fixed v4. If I don't get it out there this weekend, don't trade with V2 on Monday if your broker has a Sunday candle as it will use that candle for the daily signals.
  • #2,790
  • Feb 16, 2008 8:47am Feb 16, 2008 8:47am
Hi This is my first post on this thread, I have read all the way too here and my eyes now feel like they have been dragged along the road for about a month. Anyway...

I have a question please.

I think I understand the signals.

Daily: EMAs cross and RSI cross the 50 level = trade next day in that direction on the H1

H1 EMAs cross + RSI cross 50 level + cros STOC but beware OB & OS. All 3 must be in place.

Question. Lets asume it's a Thursday and the DAILY crossed bullish on previous Monday and the trend has continued up with continuing paralel EMA lines.

Am I correct in thinking we do not trade as its a trend continuation and not a cross - even if the H1 shows all correct signals?


Apart from my having lost the plot, the other reson for the question is
I notice on 8 pairs (Daily charts) there is an average of 8.75 EMA crossings per pair over a 6 month period resulting in 70 possible trade opportunities (11.6 trades per month) and I thought this was low!

I hope this is not a pathetic question but I think I have read myself into confusion and lost the plot.

Thank you to anyone who is kind enough to help.
  • #2,791
  • Feb 16, 2008 12:52pm Feb 16, 2008 12:52pm
Quoting courtneywild
Hi This is my first post on this thread, I have read all the way too here and my eyes now feel like they have been dragged along the road for about a month. Anyway...

I have a question please.

I think I understand the signals.

Daily: EMAs cross and RSI cross the 50 level = trade next day in that direction on the H1

H1 EMAs cross + RSI cross 50 level + cros STOC but beware OB & OS. All 3 must be in place.

Question. Lets asume it's a Thursday and the DAILY crossed bullish on previous Monday and the trend has continued up with continuing paralel EMA lines.

Am I correct in thinking we do not trade as its a trend continuation and not a cross - even if the H1 shows all correct signals?


Apart from my having lost the plot, the other reson for the question is
I notice on 8 pairs (Daily charts) there is an average of 8.75 EMA crossings per pair over a 6 month period resulting in 70 possible trade opportunities (11.6 trades per month) and I thought this was low!

I hope this is not a pathetic question but I think I have read myself into confusion and lost the plot.

Thank you to anyone who is kind enough to help.
I am new also, but here is what I think....

The Daily is to establish the trend, so it doesn't matter how long the trend has been long or short, just that it is a trend. Then the hourly signals will only be valid in that direction. So a trend on Mon. would still be valid on Thurs.

Hope this helps..

Mike.
  • #2,792
  • Feb 16, 2008 3:34pm Feb 16, 2008 3:34pm
Quoting courtneywild
Hi This is my first post on this thread, I have read all the way too here and my eyes now feel like they have been dragged along the road for about a month. Anyway...

I have a question please.

I think I understand the signals.

Daily: EMAs cross and RSI cross the 50 level = trade next day in that direction on the H1

H1 EMAs cross + RSI cross 50 level + cros STOC but beware OB & OS. All 3 must be in place.

Question. Lets asume it's a Thursday and the DAILY crossed bullish on previous Monday and the trend has continued up with continuing paralel EMA lines.

Am I correct in thinking we do not trade as its a trend continuation and not a cross - even if the H1 shows all correct signals?


Apart from my having lost the plot, the other reson for the question is
I notice on 8 pairs (Daily charts) there is an average of 8.75 EMA crossings per pair over a 6 month period resulting in 70 possible trade opportunities (11.6 trades per month) and I thought this was low!

I hope this is not a pathetic question but I think I have read myself into confusion and lost the plot.

Thank you to anyone who is kind enough to help.
A fresh cross on the dailies is not required to trade the following day. All that is required is that the emas' direction matches the rsi's direction.

So,

if 5ema is higher than 8ema, AND rsi is over 50, then trade long hourlies next day;

if 5ema is lower than 8ema, AND rsi is under 50, then trade short hourlies next day;

all other situations are a no trade.

This will give you more signals than you found.

Hope this helps,

VBro
  • #2,793
  • Feb 16, 2008 4:11pm Feb 16, 2008 4:11pm
Vbro

Thanks for clearing that up.

I was really hoping this would be the answer.

Cheers and thanks

CW.
  • #2,794
  • Feb 16, 2008 4:34pm Feb 16, 2008 4:34pm
hello all,

Am new to this method. i've spent the whole weekend studying the method and goin through the thread.

The method looks quite easy and the result posted on the thread is phenomenum, I'd like to do a demo for two weeks to get more feel.

But i want somebody to concur if my judgement is right based on my screenshorts.

Possible trades on 17th feb., 2008

EURJPY Long

GBPCHF Short

GBPJPY No trade
Attached Image(s) (click to enlarge)
Click to Enlarge Name: harold3.gif Size: 23 KB
Click to Enlarge Name: harold2.gif Size: 23 KB
Click to Enlarge Name: harold.gif Size: 24 KB
  • #2,795
  • Feb 17, 2008 3:21pm Feb 17, 2008 3:21pm
Okay gang. This EA is really just v4 with the bugs fixed (I think / hope). But I went ahead and versioned it just to avoid confusion. I fixed it all over the weekend so couldn't test it live. But in the backtester it appears to do the right things. But you know how I feel about the back tester so we'll see. I was going to run it myself for a couple of days before posting it but after realizing that v2 will use the Sunday candle for tonight's trades I decided to go ahead and post it. I also put the parameters and their description in a word doc to make it easier to manage and use.

TG
Attached File(s)
File Type: doc KeyToTheMint EA.doc   28 KB | 857 downloads
File Type: mq4 KeyToTheMint_v5_TG.mq4   11 KB | 1,090 downloads
  • #2,796
  • Feb 17, 2008 5:16pm Feb 17, 2008 5:16pm
Below is my daily signals. I see a few newbies out there so, i decided to post this.

GJ - LONG
GU - NO TRADE
GC - SHORT
EJ - LONG
AJ - LONG
CJ - NO TRADE (note: Data feed from TradeStation)

good trading to all in the upcoming session!

T4L
  • #2,797
  • Feb 17, 2008 6:50pm Feb 17, 2008 6:50pm
Ran v5 tonight and went ahead and had it place trades right away (UseHourTrade = false).

My results:

NZDJPY +24
AUDJPY +45
EURJPY +12

Total: +81

After the first two had closed out so nicely, I just closed the E/J for the 12 and turned off the EA. I like Harold's advice of not trying to hit a grand slam every night. 50+ pips a night will do quite nicely.
  • #2,798
  • Feb 17, 2008 8:39pm Feb 17, 2008 8:39pm
Good call. T4L. All newbies are welcomed. hope you all know the way to the chat room-thats where the battle front is
Quoting Trader4Life
Below is my daily signals. I see a few newbies out there so, i decided to post this.

GJ - LONG
GU - NO TRADE
GC - SHORT
EJ - LONG
AJ - LONG
CJ - NO TRADE (note: Data feed from TradeStation)

good trading to all in the upcoming session!

T4L
God's Love For You Is Sure Never You Doubt It
  • #2,799
  • Edited 8:53pm Feb 17, 2008 8:45pm | Edited 8:53pm
Nice to have you here. sure you will find this profitable if you follow the simple rules.
Find the right signals on the post up
God's Love For You Is Sure Never You Doubt It
  • #2,800
  • Edited 9:02pm Feb 17, 2008 8:51pm | Edited 9:02pm
Quoting vbro
A fresh cross on the dailies is not required to trade the following day. All that is required is that the emas' direction matches the rsi's direction.

So,

if 5ema is higher than 8ema, AND rsi is over 50, then trade long hourlies next day;

if 5ema is lower than 8ema, AND rsi is under 50, then trade short hourlies next day;

all other situations are a no trade.

This will give you more signals than you found.

Hope this helps,

VBro
thats right, no frehs cross in the daily
but:
i wonder why nobody mentioned the cross in H1.
From what i onderstood and also have backtestet,
WE DO NEED A FRESH CROSS ON THE H1
and not to far away, before we can enter a trade.

Without tis option, my backtests dont look nice.

please someone who is sure: validate or negate this
so that we do not modify this system
@trader4life
on alpari UK there is no trade for GBPJPY today cause MA cross up and RSI < 50
and GBPUSD is short with only 1 pip diff in emas


edit, i just downloaded the EA v5, there is no cross handling as far as i can see.
so what i will do to test this: i do not aktivate the ea before there is a fresh cross in h1 chart
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