39/39 HI/LO SYSTEM

Quoting farmhand

Disliked

1.cci 50 with zero line level...above long and below short territory works well with 39 channel
2. 200 ema to help me see the long or short bigger picture
3. 11 ema for slope and "pulse"
4. MACD 12/20/9

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Quoting damonl

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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

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Quoting jr2007

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Ok, here is my New Method. For now it looks very promising. Thanks to damonl, I can now trade this EA with confidence.

I continued to get into losing trades, until I went back and read damonl post. He suggests that we read up on his thread regarding Trend Indicators. Although, I am not using the exact indicators, I have found one, coupled with damonl s indicators.



Place the jr2007v4 EA on a GBPJPY (30min. chart.) No Indicators needed.
Settings are already set. The only setting to be changed will be the “Short only”, or “Long only”.

Open another GBPJPY (DAILY chart) This chart will contain 3 indicators. All found here in FF. I will post them anyway.

1. NonLagMA_v4
2. SHI_SilvertrendSig
3. MT4-LSAR

There will be what I will call a signal to enter EA. At this point, the jr2007v4 will be placed on the GBPJPY 30min chart. When the Exit Signal appears, you will remove the EA, and close all trades Immediately. Although the EA is set up to enter trades, and set up to exit trades, there will be a signal to “Close all trades, and remove EA”. Then you will “Stay on the sidelines”, until the next signal occurs. This can take days. When the EA is active, the EA will be the main driver, Entering, and Exiting trades, until you get the signal to remove the EA, and close all trades.

I will post a picture to show what constitutes the signal for the placement of the EA on a ‘GBPJPY 30min chart’. The signals will be received from the Daily chart with the 3 Indicators. Depending on the signal, you will have to change the setting from Shorts only, to Long only, and vise versa. Which ever signal is called for. Then place the EA on the GBPJPY 30min Chart.

The MT4-LSAR will guide us on whether to go Long, or Short. Pretty simple, on top go long, on the bottom, go Short.

The SHI_SilvertrendSig indicator, along with the NonLagMA_v4 indicator are the signal indicators to place the EA on the 30min chart. It is also the indictor to remove EA, and close all trades.

Here is an example:

http://www.forexfactory.com/attachme...1&d=1205373941


http://www.forexfactory.com/attachme...1&d=1205373941

Backtest Results Jan 1, 2007 – Jan 1, 2008 using the Strategy tester switching from Short trades to Long Trades.

Starting Balance:$1000.00
2007 Entire Year = $642,989.26

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Quoting Qman

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Okay, my understanding is:

Long or Short only depending on which side of the MT4-LSAR you are on.

Then, only turn on the EA when you get a confirming SHI_SilvertrendSig dot. (this was the confusing thing for me at first because your screen capture only shows one color of dots. Mine has red and blue dots. But, just focus on where the dot is. If you are below the LSAR then turn the EA on when the dot appears on top of the bar, and turn it off and close all open positions, when it is below the bar. Do the opposite if you are above the LSAR.

My only problem with this EA is that it takes control of other trades I have on the same pair, around the same prices. I have some way out of the money positions that I am carrying for swap and I try to regularly average these positions down. The way out of the money positions are ignored by this EA. But when I open new trades to try to average down this EA takes control of them.

This is why, back when the subject first came up, I said it was not controlling the other positions, and somebody else said it was. We were technically both correct. But functionally, this EA does interfere with other positions on the same pair. It is not a major difficulty to adjust the programming in most EAs to only focus on the positions it creates. I've PMed Hayseed to see if I'm missing something in the settings. If I'm not, then I hope he will adjust the EA so it is "better behaved" for my purposes. If he is too busy or unwilling I might give it a try myself.

I've taken some frustrating hits on my super nano account because of this. But I do like the potential of this system. I also know it wouldn't be too hard for Hayseed to adjust his EA to add the additional logic to filter according to your new idea JR. Again, I might be able to do it myself... if I can find the time... but I'd rather not step on Hayseed's work. I have too much respect for him, and am also not especially confident in my programming skills as of yet.

Ignored

Quoting Qman

Disliked

Okay, my understanding is:

Long or Short only depending on which side of the MT4-LSAR you are on.

Then, only turn on the EA when you get a confirming SHI_SilvertrendSig dot. (this was the confusing thing for me at first because your screen capture only shows one color of dots. Mine has red and blue dots. But, just focus on where the dot is. If you are below the LSAR then turn the EA on when the dot appears on top of the bar, and turn it off and close all open positions, when it is below the bar. Do the opposite if you are above the LSAR.

My only problem with this EA is that it takes control of other trades I have on the same pair, around the same prices. I have some way out of the money positions that I am carrying for swap and I try to regularly average these positions down. The way out of the money positions are ignored by this EA. But when I open new trades to try to average down this EA takes control of them.

This is why, back when the subject first came up, I said it was not controlling the other positions, and somebody else said it was. We were technically both correct. But functionally, this EA does interfere with other positions on the same pair. It is not a major difficulty to adjust the programming in most EAs to only focus on the positions it creates. I've PMed Hayseed to see if I'm missing something in the settings. If I'm not, then I hope he will adjust the EA so it is "better behaved" for my purposes. If he is too busy or unwilling I might give it a try myself.

I've taken some frustrating hits on my super nano account because of this. But I do like the potential of this system. I also know it wouldn't be too hard for Hayseed to adjust his EA to add the additional logic to filter according to your new idea JR. Again, I might be able to do it myself... if I can find the time... but I'd rather not step on Hayseed's work. I have too much respect for him, and am also not especially confident in my programming skills as of yet.

Ignored

Quoting Ksailer

Disliked

Hi jr,

looks pretty good!!

but how did you backtest the ea on the strategytester with the other indicators included???

I am not sure if I got it right...

when the price is above the MT4-LSAR I set the EA to long and if it is below the MT4-LSAR I go short...??

but what do I need the other 2 indicators for??
because your pic says short entry and exit ... but shouldn't that be done by the EA??

thanks a lot for your help

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//----------------look for this line of code just a few lines under start---------------
TrailingAlls(0,TrailingStop);
 
 
//-----------------change it to this---------------------
 
TrailingAlls(0,TrailingStop,MagicNumber);
 
 
 
//-----------now look at the bottom in the trailing stop function-------
 
void TrailingAlls(int start,int stop)
 
 
//------------change to this----------------------------------------
 
void TrailingAlls(int start,int stop, int MagicNumber)
 
 
 
//-------------look a little further down for this line-----------------------
 
if(OrderSymbol()!=Symbol())
 
 
//--------------change to this------------------------------------------
if(OrderSymbol()!=Symbol() || OrderMagicNumber() != MagicNumber)

Quoting hayseed

Disliked

hey qman.... thanks for the pm and pointing this out....... i see the problem, below is the fix..... if there is ever even the slighest possibility of an error, be sure to pm me.......

jr you might want to edit the posted ea to reflect these changes..... also i wrote the code to limit the number of trades per day to a number of your choice like you wanted ..... made some other changes awhile back just have not got around to sending it to you.....

btw, are you now not using the ma cross as an exit...... if not we need to take out that code or possibly put a switch to allow or disallow the exits..... it appears you have the ma values both set to 0, which might introduce some obscure errors down the line......h


3 changes needed, which adds the missing magicnumber component to the trailing stop..... it's the trailing stop causing the confusion.....

Inserted Code

 
//----------------look for this line of code just a few lines under start---------------
TrailingAlls(0,TrailingStop);
 
 
//-----------------change it to this---------------------
 
TrailingAlls(0,TrailingStop,MagicNumber);
 
 
 
//-----------now look at the bottom in the trailing stop function-------
 
void TrailingAlls(int start,int stop)
 
 
//------------change to this----------------------------------------
 
void TrailingAlls(int start,int stop, int MagicNumber)
 
 
 
//-------------look a little further down for this line-----------------------
 
if(OrderSymbol()!=Symbol())
 
 
//--------------change to this------------------------------------------
if(OrderSymbol()!=Symbol() || OrderMagicNumber() != MagicNumber)

Ignored

Quoting hayseed

Disliked

hey jr..... if you look at the top of the ea you'll see dozen's of bools..... those are primarily used for detecting trend , if we can ...... also they can be used for adjusting values to match the trend and it's approximate cylce, again if possible.....

how many times have we read someone say, well the 15 minute chart says buy, the hourly chart says sell , the four hour chart says buy and the daily says sell ..... all on the same ea, so which signal do i use.....

the answer might be , we can use them all .....

the thought being, if we are using the hourly chart for our signals, we might give the daily chart some input on just how many lots to buy/sell......

if the hourly chart gives a signal , we might buy 0.02 lots if the daily stoch is moving up and below 50 but if the daily stoch is above 85 we might only buy 0.01 lot.....

and if the hourly chart gives us a buy signal but the daily stoch is falling, we might adjust our stoploss, takeprofit and lot size accordingly.....

that way the hourly signals are still taken but with the reality of the larger trend firmly understood......


those bools can be used to control many trading aspects that should improve overall results..... not to mention , improving our overall peace of mind which is the most important aspect.....

i'll send ya an indepth example this weekend.....h

Ignored

Quoting jr2007

Disliked

I adjusted all settings to my liking after extensive research. If you leave all settings, and use it on a 30min chart, it seems to get pretty good results on the GBPJPY. The EA can be adjusted to ones preference. I have not tried the other pairs with these settings at this time. Will start looking into that next.

Please, if anyone gets better results, please share. When I first posted the original version 13/13, it was in hopes of finding a successful method that anyone can use. I feel I would rather share the wealth, than to try to make a quick buck selling a method.

Lets find the profitable methods, and lets share the wealth.

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Quoting Dreamliner

Disliked

I backtested for one year, using strategy tester, and it lost 50%. I wonder if others have had these horrible results or just me?

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