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Trend Follower 5 Minute System

  • #1,481
  • Mar 19, 2008 10:16pm Mar 19, 2008 10:16pm
Attached is the chart with running EA in it. Hope this helps..
Quoting skyscraper
tadinda,
Yes I am testing this with M1 and M5. on M5 , I am using Laugre - 0.66 in M5. But in M1 it is .8. results are good in M1. I am still testing on M5.

As far as EA, I had explain almost everything. I tried to made it very simple so that anyone can use it simply attaching to your chart.

I am working on exit strategy, but still need to test more..
As far as Indicators. We need all the indicators suggested by Wicker. I guess everyone has that indicator.
This EA is to completly automate the trading process. I have not introduced any new indicator.
Copy the EA from my previous post and put it in experts folder then compile it and attached to your M5 or M1 chart thats it
feel free to ask any questions.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 32 KB
  • #1,482
  • Mar 20, 2008 12:08am Mar 20, 2008 12:08am
Quoting skyscraper
Attached is the chart with running EA in it. Hope this helps.
So e.g. if the open price is 210.50.
and now the current price is 210.60.
then stop loss will be BE.
if the current price is 211.51 then stop loss will be the value of PipsTrail.

so if the profit is between 50 to 100 pips - stoploss is BE
profit is between 100 to 150 pips - stoploss is pipstrail value.
profit is between 150 to 200 - stoploss sis = 2 * pipstrail. etc..

.

can't wait to be home to try out this EA....
How abt cut/loss feature...?? I worry most when I not ard PC and EA will screw up.

May I know what is BE,pipstrail?

Thx in advance Sir@
  • #1,483
  • Mar 20, 2008 1:41am Mar 20, 2008 1:41am
Quoting skyscraper
Attached is the chart with running EA in it. Hope this helps..
Hi Skyscraper,

I have your EA running on 5 Min Charts on the following Pairs to test.

EUR USD, EUR GBP, EUR CHF, EUR JPY, USD JPY, USD CHF, GBP USD, AUD USD, NZD USD, GBP JPY, AUD JPY and CHF JPY.

I am atatching the template I am using for EUR USD. Can you please check the inputs of your EA and confirm that they are correct. Thanks

Tadinda
Attached File(s)
File Type: tpl stfautoskyscraper.tpl   23 KB | 668 downloads
  • #1,484
  • Mar 20, 2008 8:05am Mar 20, 2008 8:05am
http://i26.tinypic.com/al3sjp.jpg

May I know what is
1.5602
Pips to open
Hi to Low

Mean??
Seem like they are not moving!!
  • #1,485
  • Mar 20, 2008 8:43am Mar 20, 2008 8:43am
Please read my first post. I explained the BE and pipstrail.
Quoting sonicdeejay
can't wait to be home to try out this EA....
How abt cut/loss feature...?? I worry most when I not ard PC and EA will screw up.

May I know what is BE,pipstrail?

Thx in advance Sir@
  • #1,486
  • Mar 20, 2008 8:45am Mar 20, 2008 8:45am
thats one of the indicator. Just for reference. EA doesn't use it. but for yoru reference attached is that indicator.
Quoting sonicdeejay
http://i26.tinypic.com/al3sjp.jpg

May I know what is
1.5602
Pips to open
Hi to Low

Mean??
Seem like they are not moving!!
Attached File(s)
File Type: ex4 #Signal_Bars_v71.ex4   46 KB | 970 downloads
  • #1,487
  • Mar 20, 2008 9:17am Mar 20, 2008 9:17am
aCartWright:

Have you changed the Parameter for the adx/dmi from period 14 to period 8?

In my metatrader the adx already comes with the DMI.

I think a strength indicator like the ADX tool is just what is needed to make this system more interesting. Ive been looking at it last past few weeks for trading, it seems quite useful.
  • #1,488
  • Mar 20, 2008 9:46am Mar 20, 2008 9:46am
Yes I have changed the period to 8.

Welles Wilder suggested that the period be 21 but his analysis was more on the daily than 5 minutes.

I feel that the DMI just adds a little more - It may get in slightly later than the EMA Crossover however it gets in after any wobbly/consolidation period.

The ADX comes as standard with the DMI.

Alastair
  • #1,489
  • Mar 20, 2008 9:53am Mar 20, 2008 9:53am
Guys,
I have updated the EA with the ADX functionality suggested by ACartWright.

The logic which I am using in this EA for ADX is.
Main line should always be greater then D+ and D -.
Long if D+ > D-.
Short if D- > D+.

Attached is the EA, please run forward/backward test and let me know if you have any question. This is a great system, we need to make it profitable one always


Quoting ACartwright
Yes I have changed the period to 8.

Welles Wilder suggested that the period be 21 but his analysis was more on the daily than 5 minutes.

I feel that the DMI just adds a little more - It may get in slightly later than the EMA Crossover however it gets in after any wobbly/consolidation period.

The ADX comes as standard with the DMI.

Alastair
Attached File(s)
File Type: mq4 SignalTrendFollowerEA.mq4   21 KB | 944 downloads
File Type: ex4 SignalTrendFollowerEA.ex4   21 KB | 805 downloads
  • #1,490
  • Mar 20, 2008 10:13am Mar 20, 2008 10:13am
Skyscraper,

That's great.

Just to confirm the EA to make sure it is spot on.

DMI + > - - Long
DMI - > + - Short

However to be a viable signal the ADX must be rising.

I.E As attached:
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy - 200308.gif Size: 38 KB
  • #1,491
  • Mar 20, 2008 10:19am Mar 20, 2008 10:19am
How do we define ADX rising. Will this suffice the condition
ADX > DMI+ and ADX > DMI-.

or alongwith the should I compare the current value is greaten then the previous value??
Quoting ACartwright
Skyscraper,

That's great.

Just to confirm the EA to make sure it is spot on.

DMI + > - - Long
DMI - > + - Short

However to be a viable signal the ADX must be rising.

I.E As attached:
  • #1,492
  • Mar 20, 2008 10:23am Mar 20, 2008 10:23am
Tadinda,

I forgot to thank you for your comemtns earlier.

I thought I was right on the EA! (I was under the impression it was a fully automated system and not necessarily alerts)

I have had a good day today - made 80 pips.

Not bad as I missed a few signals during the day.

I think the combination of Wickers original indicators with the DMI is makes it all togther a very strong system.

It is now just the optimizing of taking the profit.

I am going to look over the weekend to see if the reversal of one, two or three indicators provides a good exit point.

If only it was as easy of just reversing the entry signal for the exit!!!!

Alastair
  • #1,493
  • Mar 20, 2008 10:31am Mar 20, 2008 10:31am
Guys,

I will be releasing EA with the version number that way it is easy to track all the changes.
In this EA, I have added comments so it will show you on the screen about ADX is short or Long along with all the other Indicators.

Attached is the Version V1 EA.
In this EA we are using only one lag of 0.8.



Quoting skyscraper
How do we define ADX rising. Will this suffice the condition
ADX > DMI+ and ADX > DMI-.

or alongwith the should I compare the current value is greaten then the previous value??
Attached File(s)
File Type: mq4 SignalTrendFollowerEA-V1.0.mq4   21 KB | 1,008 downloads
  • #1,494
  • Mar 20, 2008 10:38am Mar 20, 2008 10:38am
Quoting skyscraper
Guys,

I will be releasing EA with the version number that way it is easy to track all the changes.
In this EA, I have added comments so it will show you on the screen about ADX is short or Long along with all the other Indicators.

Attached is the Version V1 EA.
In this EA we are using only one lag of 0.8.

Hi Skyscraper...you must have read my mind. Thanks for sharing.

I will be able to report some fantastic results for today's trades later on in the night.

Meantime some suggestions on your EA.

It appears that whenever a trade is executed by the EA a line is drawn on the chart. My suggestions.

1.Please use bold for the text and also please try to make the line thicker and possibly also use a vertical line.

Also, can you draw lines for the current TP and SL.

Another suggestion as it would help me to report results...so I am being selfish. Can you organise the EA to take a snapshot of the suggested trade. There was one EA which used to do this but I do not want to use that one becasue I think your version is pure gold especially with the upgrade of the ADX.

Thanks a lot for your valued contribution.

Tadinda
  • #1,495
  • Mar 20, 2008 10:44am Mar 20, 2008 10:44am
Quoting skyscraper
How do we define ADX rising. Will this suffice the condition
ADX > DMI+ and ADX > DMI-.

or alongwith the should I compare the current value is greaten then the previous value??

Hi Again,

I think your logic for the main line is correct and the two tests should be tested.

However, Alistair when he submitted it also suggested for the Trade to be tradeable teh Main ADX line has to be =>30.

Hope this helps.

Tadinda
  • #1,496
  • Mar 20, 2008 10:47am Mar 20, 2008 10:47am
Quoting skyscraper
Attached is the EA for Trend Follower. I have been following this thread from last few weeks. EA is an enhancement of Paul's alert EA.

EA will open and managet the trade of 1 lot each based on iTradeFactor value. Will explain the iTradeFactor and noOfLot later. For now use the default setting. I will explain the detail in subsequent thread..

Based on the the value iTpIncrement it will close half of the trade and let run the other off till your TakeProfit. After the first profit it will set the stop loss to BE.

if the TakeProfit is zero then it will run forever untill you close the second half of the lot.

PipsTrail-35 // u can set any value.

This will trail the profit under different range, please do not get confuse with trail stop.

So e.g. if the open price is 210.50.
and now the current price is 210.60.
then stop loss will be BE.
if the current price is 211.51 then stop loss will be the value of PipsTrail.

so if the profit is between 50 to 100 pips - stoploss is BE
profit is between 100 to 150 pips - stoploss is pipstrail value.
profit is between 150 to 200 - stoploss sis = 2 * pipstrail. etc..

Do some forward/back testing and let me know if you have any questions.
Dear Sky,
Will it auto open the trade and manage the trade once the condition are right??

http://i32.tinypic.com/2i1l0s5.jpg

Do I need to tick "allow lice trading" ??

Thx in advance@!!
  • #1,497
  • Mar 20, 2008 10:50am Mar 20, 2008 10:50am
Yes and YES.
Quoting sonicdeejay
Dear Sky,
Will it auto open the trade and manage the trade once the condition are right??

http://i32.tinypic.com/2i1l0s5.jpg

Do I need to tick "allow lice trading" ??

Thx in advance@!!
  • #1,498
  • Mar 20, 2008 10:51am Mar 20, 2008 10:51am
Quoting ACartwright
Tadinda,

I forgot to thank you for your comemtns earlier.

I thought I was right on the EA! (I was under the impression it was a fully automated system and not necessarily alerts)

I have had a good day today - made 80 pips.

Not bad as I missed a few signals during the day.

I think the combination of Wickers original indicators with the DMI is makes it all togther a very strong system.

It is now just the optimizing of taking the profit.

I am going to look over the weekend to see if the reversal of one, two or three indicators provides a good exit point.

If only it was as easy of just reversing the entry signal for the exit!!!!

Alastair
Hi Alistair,

No problem anytime.

I am sure you are pleased with the work of skyscraper to include the ADX in the overall methodology.

I am usually on line as well during the weekend so if you need to discuss exit startegies you will be most welcome.

Tadinda
  • #1,499
  • Mar 20, 2008 10:53am Mar 20, 2008 10:53am
is >= 30 or >=20 ??
Quoting tadinda
Hi Again,

I think your logic for the main line is correct and the two tests should be tested.

However, Alistair when he submitted it also suggested for the Trade to be tradeable teh Main ADX line has to be =>30.

Hope this helps.

Tadinda
  • #1,500
  • Mar 20, 2008 10:58am Mar 20, 2008 10:58am
Quoting skyscraper
is >= 30 or >=20 ??
Hi Skyscraper,

My understanding is taht it is Greater r equal to 30.

Tadinda
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