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Attachments: 39/39 HI/LO SYSTEM
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39/39 HI/LO SYSTEM

  • #81
  • Mar 3, 2008 7:09am Mar 3, 2008 7:09am
I really don't know if my opinion counts for anything, but I would not depend on the quality of this system based on a backest. Backtests are usually very misleading, I really don't want to get into why, but if you do, then read up on forex-tsd and stuff. But personally I find a forward test(even though time consuming) is a much better bet for results. And so far the system has had good results with jr trying it, so I'll plan to forward test for a bit and post formal results on demo, probably on ODL.

Looks Promising, Thanx for posting.
TheLegace
"If voting changed anything, they'd make it illegal" - Emma Goldman
  • #82
  • Mar 3, 2008 8:32am Mar 3, 2008 8:32am
JR

Glad to see you stuck with your system. Can ea but set to close only trades it opened? Overnight it closed a longer term trade I had placed. Demo account so no big deal.

Thanks
Mombone
  • #83
  • Edited 10:57am Mar 3, 2008 9:32am | Edited 10:57am
Quoting Mombone
JR

Glad to see you stuck with your system. Can ea but set to close only trades it opened? Overnight it closed a longer term trade I had placed. Demo account so no big deal.

Thanks
Mombone
The EA sets up a trailing stop that takes you out. That is if you don't hit the SL first. And yes, it will only close the trades that it opened.
  • #84
  • Edited 10:54am Mar 3, 2008 9:35am | Edited 10:54am
Quoting jr2007
http://www.forexfactory.com/attachme...1&d=1204501879


Quick Update:1 = 610, 2 = 621, 3 = 620 and counting
Update: The Trailing Stop was hit overnight. Here are the final total pips for all three trades.
1.624
2.635
3.634
  • #85
  • Mar 3, 2008 9:39am Mar 3, 2008 9:39am
Quoting shiva
Hey Jr, great work and thanqueue!

Does the EA work on its own or should I also have any indicators ?
EA works on its own. All Indicators are for ones visual.
  • #86
  • Mar 3, 2008 9:39am Mar 3, 2008 9:39am
hey jr2007 thank you for your hard work on this ea. very much appreciated. this the first week of testing this ea. as i understand it if the close of a candle is above both 39 sma then it should open a long position right? please correct me if im wrong here. heres a pic to see what i mean. now i also have gbp/yen open but it did not take any trade at all.
Attached Image (click to enlarge)
Click to Enlarge Name: usdyen30min.gif Size: 20 KB
  • #87
  • Mar 3, 2008 10:03am Mar 3, 2008 10:03am
ok now it opened a long position on usd/yen. i know its best to test it out on g/y but the spread is really high for that pair., 9pip spread. u/y is only 3. im trying it out on both pairs but so far it only open position on the u/y pairs and not on g/y pair. so basically im hedging the pair.
  • #88
  • Mar 3, 2008 10:35am Mar 3, 2008 10:35am
Quoting treadline
hey jr2007 thank you for your hard work on this ea. very much appreciated. this the first week of testing this ea. as i understand it if the close of a candle is above both 39 sma then it should open a long position right? please correct me if im wrong here. heres a pic to see what i mean. now i also have gbp/yen open but it did not take any trade at all.
....if the close of a candle is above both 39 sma then it should open a long position right?

Ok......but more like once the next candle opens, then a long position will open.
  • #89
  • Mar 3, 2008 10:37am Mar 3, 2008 10:37am
Quoting treadline
ok now it opened a long position on usd/yen. i know its best to test it out on g/y but the spread is really high for that pair., 9pip spread. u/y is only 3. im trying it out on both pairs but so far it only open position on the u/y pairs and not on g/y pair. so basically im hedging the pair.
Cool, please post your results.
  • #90
  • Edited 2:08pm Mar 3, 2008 10:52am | Edited 2:08pm
I started this with one of my live accts. This acct. is one that has been through hell. The remaining balance was below $250.00. I am pleased to say that it is now above 1k.

The way I traded it. On Thursday, I saw what seem to me as a Short Opportunity happening. So, I placed the EA on it with these changes.

Short Positions Only

MM - Off

Lots - 0.05

MaxShortOrders - 3

3 Positions in total opened during the Short Position Run. All 3 Positions Stopped Out with the 100 Trailing Stop. Here are the number of pips gained.
1. 624
2. 635
3. 634

So now, I have changed the Short Positions Only, to Long Positions Only.

I am Currently in 2 Open Positions. (Crossing Fingers)
  • #91
  • Mar 3, 2008 10:57pm Mar 3, 2008 10:57pm
i try to apply to demo acct but it not work....

the result come out but the system not auto open in the demo acct...

is it we have to open it manually or got some setting i missing...

sorry to hear noob questions..http://www.forexfactory.com/images/icons/icon11.gif
  • #92
  • Mar 3, 2008 11:57pm Mar 3, 2008 11:57pm
Quoting cappalz
i try to apply to demo acct but it not work....

the result come out but the system not auto open in the demo acct...

is it we have to open it manually or got some setting i missing...

sorry to hear noob questions..http://www.forexfactory.com/images/icons/icon11.gif
Hopefully the answers to these questions will give one of us an idea why you aren't getting any trades.

What do you mean by "the result come out"?

Do you see the smiling face in the upper right hand corner of the chart? If you do see the smiling face click on the 'Experts' tab at the bottom of the terminal window and see if there are order entry errors. Do the same for the 'Journal' tab.

Have you used expert advisers before on the MetaTrader platform? What broker is your demo account from?
  • #93
  • Edited 11:20am Mar 4, 2008 11:01am | Edited 11:20am
3 Long positions were Stop loss out yesterday.

Pips
1. -85
2. -85
3. -85

I adjusted my settings to enter 5 Short trades last night, if the opportunity presents itself.

All 5 have been opened. Currently in the positive, but I need to get beyond 100 pips in order to collect. Just letting the EA do its thing.
  • #94
  • Mar 7, 2008 8:34pm Mar 7, 2008 8:34pm
jr2007, I downloaded the EA and it is working, as in running. I only fired it up on Wednesday evening. Seems like it was a tough week. I'm wondering what your results were for the week. In many ways I think this was an atypical week, so I'm rushing to judgement. I'm just looking for confrimation of how tough the week was for your system. (Tough week for all of my systems, but that is another story).
  • #95
  • Edited Mar 8, 2008 12:25am Mar 7, 2008 11:23pm | Edited Mar 8, 2008 12:25am
Quoting Qman
jr2007, I downloaded the EA and it is working, as in running. I only fired it up on Wednesday evening. Seems like it was a tough week. I'm wondering what your results were for the week. In many ways I think this was an atypical week, so I'm rushing to judgement. I'm just looking for confrimation of how tough the week was for your system. (Tough week for all of my systems, but that is another story).
It was definitely a very rough week. You might not be rushing to judgement. Until this system is foward tested for a good amount of time, we may not know until then. Although this system gave very good past results, backtests can only give you past results. Until then, I will continue to foward test, and cross my fingers for success.
  • #96
  • Mar 8, 2008 9:23am Mar 8, 2008 9:23am
Hey Guys...

I had a thought for determining the trend. The problem I see is that if you are tryin gto determine trend using the 30M TF, then you are constantly monitoring your trades and switching back and forth.

Why not choose trend from the Daily TF, and then wait for the trend to change there before switching over the EA.

Here is my thoughts: Please keep in mind that I have not done any testing on this for optimaization, this is jsut an idea to pursue if yoiu would like to.

1. Use my trend definitions which can be found on my thread listed in my signature file and then located post #10

2. When you get a Trend Reversal Indication you just set to no trades

3. When you get a trend confirmation signal set to trade in that direction.

4. If you get a trend continuation signal change set to trade in that direction.

Maybe this will help you produce a better system.

Please if you have any questions about this trend finding method, please ask them on my thread as you will probably get a faster answer.

Cheers and happy pipin'

P.S. Does anyone know????? I would like to try this myself, but I only trade live and have some big GY trades currently open. If I run this EA on small lots, will it close my open trades that were not opened by the EA? If so, I will have to wait to test this mehtod until those trades are closed.

Thanks in advance
"Keep your eyes on the helpers" - Mr. Rogers
  • #97
  • Mar 8, 2008 11:03am Mar 8, 2008 11:03am
Damonl, thanks for checking in over here. I've enjoyed what I've read on your thread, and hope to get back to it over the next couple of days.

To answer your question, the EA attaches what is called a "magic number" on the trades that it originates. All the trade management routines make reference to positions that contain that "magic number", and only those. So your other positions should be okay. I am using this EA on an account where I have quite a few nano lot trades already open, and that I am managing manually, and have not experienced anything strange or unexplainable. The programmer, Hayseed, is first rate. Hope that eases your mind. If you want to see for yourself though, you could open a demo account somewhere, open a couple of manual trades, and then turn this EA on. It might take a day or two (depending on market conditions) for you to see there is no problem, but after that you could be confident.
  • #98
  • Mar 8, 2008 11:32am Mar 8, 2008 11:32am
Quoting damonl
Hey Guys...

I had a thought for determining the trend. The problem I see is that if you are tryin gto determine trend using the 30M TF, then you are constantly monitoring your trades and switching back and forth.

Why not choose trend from the Daily TF, and then wait for the trend to change there before switching over the EA.

Here is my thoughts: Please keep in mind that I have not done any testing on this for optimaization, this is jsut an idea to pursue if yoiu would like to.

1. Use my trend definitions which can be found on my thread listed in my signature file and then located post #10

2. When you get a Trend Reversal Indication you just set to no trades

3. When you get a trend confirmation signal set to trade in that direction.

4. If you get a trend continuation signal change set to trade in that direction.

Maybe this will help you produce a better system.

Please if you have any questions about this trend finding method, please ask them on my thread as you will probably get a faster answer.

Cheers and happy pipin'

P.S. Does anyone know????? I would like to try this myself, but I only trade live and have some big GY trades currently open. If I run this EA on small lots, will it close my open trades that were not opened by the EA? If so, I will have to wait to test this mehtod until those trades are closed.

Thanks in advance
Yes it will. I also had some GY on a demo and it closed those out.
  • #99
  • Mar 8, 2008 11:48pm Mar 8, 2008 11:48pm
Interesting input there DamonL, I'll try to give that a try this coming week...
  • #100
  • Mar 10, 2008 12:39am Mar 10, 2008 12:39am
I have been stubborn, wanting the GBPJPY pair to be the one to succeed. I decided to check out the other pairs, more specifically EURUSD, and the USDCHF. Since these two pairs inenvirtenly mirror each other, shorting one, while longing the other seems to work. I also changed the mapds in the settings. I will post a picture for the settings I am using for these 2 pairs. Also, I set the EA for Longs only for the EURUSD, and Shorts only for the USDCHF, using the 1hr Chart. Please run it through the Strategy Tester, its giving pretty good results.

Here are the settings for these Pairs

EURUSD (Longs only) 1hr chart
USDCHF (Shorts only) 1hr chart


http://www.forexfactory.com/attachme...1&d=1205127547
Attached Image
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