Sonic System!!

Quoting dan_mir

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Hi vidal,
I think you should use the ATR option of the EA. When setting the EA to use ATR values for TP & SL the adjustment to the TF and trading range of the pair will be done automatically.
There is a little math to do with the setting of the ATR, but it is documented in the MQ4 file.
If you need my assistance don't hesitate to ask.
BR
Dani M.

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Quoting sonicdeejay

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i guess...u needa adjust SL and TP in lower TF....

I will suggest we test t system in 1H,4H and D1 TF!!!


sonic

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Quoting vidal

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I am trying it in 5 TF just to have an idea, I will post the report after some days.

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Quoting sonicdeejay

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Quoting Abouelzelouf

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just a thought, if you could try adding Stochastic Oscillaror to the system, and to the next version of the EA.
Stochastic Oscillaror from the standard indicators settings K 10 or 14, Slowing 3, D 3, level 20 and 80.
the EA should confirm short entry when stoch over 80 going down and no long entries at this level. and long orders when stoch is below 20 and going up no short entries at this level.
it is a good indicator for high time frames to show over bought and over sold currency.
I hope some good trader or good programmer could help us in setting this indicator with the EA.

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Quoting dan_mir

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Hi again,
Attached an excel file comparing the current method , 30 pips method and a more advanced version with trailing stops & profit locking.
1. On the side of the broker I don't see the difference between the methods. It will be 10$ anyway. 2Pips X 0.5 lot = 5(2pips X 0.1 lot).
2. As you can see, the advanced version provides better RR ratio, avoiding the risk of a trade going immediately against us.
Please take a look.
Thanks

Dani M.

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Quoting Qui-Gon

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Good work with the comparison Dani. Please all take a look at Dani's spread sheet comparison of modified MM strategies.

I had great success running EA from 2pm NY time until 9pm NY time. Interbank broker, time filter turned OFF, Ea attached to 15 minute charts (not sure if this means EA looks for trades in this time frame however??). Unfortunately, the handful of trades that didn't make 1st TP wiped out my balance around London open.

Perhaps I should have kept the time filter on....? Alternatively, maybe a manual close at the end of trading day (9 pm NY would have given me +1000 on 3000 start in seven hour period!) and EA restart before the new London trading day would work as well.

Hat's off to Sonic for good EA

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Quoting svt

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Qui-Gon,

Are you concentrating on certain pairs during this time frame?

Thanks,

Jim

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Quoting Qui-Gon

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Jim,
At this time I am taking a "shot gun" approach and have the EA attached to fourteen pairs. I picked about all of the pairs my broker offered with spreads 10 and less.
Best regards
ps. I couldn't resist closing some trades manually when in profit so now my test results will be unreliable...... Oh well......

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Quoting dan_mir

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Hi Qui-Gon,
it is a phrase i read in threads of people trading long TFs. if the signal isn't there yet "Sit on your hands and do nothing".

Dani M.

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Quoting Qui-Gon

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Yes I know, patience is a virture. Really I regret doing it because this is after all a demo account and the purpose is to accurately test the EA that Sonic made.

Hands off from now on!

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Quoting dan_mir

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Hi Sonic,
Is it possible to add a sound alert option to the indicator ?
I just want the option with a customizable sound wav so I can know when the is a valid signal.
Thanks,
Dani M.

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Quoting sonicdeejay

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yea..let it auto-pilot for a week...or so

if a trade SL @ 80 without hitting any TP....pls report..we gona analyse it what went wwrong!!


sonic

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Quoting Qui-Gon

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Mr. Sonic,

I looked at my account history and found one of the trades that did not make the first TP. It was a sell on eur/usd at 18:00 my broker time (IB) on 6/2. I would give the full details but as I had the time filter turned off (and the charts set at 15 mins) perhaps it is not worth discussing. The trade did go for a 130 pip run a short time later and only went 81 pips against me soon after the trade was initiated!

Two questions for you sonic:

How does the EA know what time it is? Meaning, do you have to change the numbers (0-16,4-16) if you use another broker than ODL?

Also, does the EA make trades based on what TF the chart is attached to, or does it only take trades based on 4h setup, regardless of the tf of the chart you have it attached to?

If it does take trades generated on whatever TF chart you have it attached to, have you given thought to using different TP and SL? I understand we are early in testing and that you originally suggested 4H but I just wanted to know if you (or anyone else here...) had thoughts about this....

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