Trend Finder 4hr | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trend Finder 4hr Mod System 31 replies

trend finder indicator collection 3 replies

Trend Finder Daily 723 replies

Trend Finder TS with clear stop loss and exit signals (happy pippin') 48 replies

Spikes Trend Finder 4 replies

Attachments: Trend Finder 4hr
Exit Attachments

Trend Finder 4hr

  • #21
  • Jun 12, 2008 11:17am Jun 12, 2008 11:17am
Thanks Ron for coding the EA. I will start testing this evening and report back any descrepancies.
  • #22
  • Jun 12, 2008 11:21am Jun 12, 2008 11:21am
hi ,pls will d EA do the trading or just give a signal?
D labour of a fool wearieth him cos he doesn't know how to enta d city
  • #23
  • Jun 12, 2008 11:33am Jun 12, 2008 11:33am
Quoting Ronald Raygun
Attached is an EA with the entry and exit rules programmed in.
You're too fast bro!
  • #24
  • Jun 12, 2008 11:38am Jun 12, 2008 11:38am
hi guys ,maybe it can help u when to entry,i'm using bar pattern so i can predict more easily where it will go next....


for more information about pin bar pattern goto james16 thread http://www.forexfactory.com/showthread.php?t=2331

hope it can help....
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.jpg Size: 93 KB
  • #25
  • Jun 12, 2008 12:17pm Jun 12, 2008 12:17pm
Thanks for sharing! Just found this thread and visually looking at the past, randomly. Though it's not perfect (ie. it's realistic) with a couple of losses here and there, most were winners.

I just looked at the GBP/USD 4H charts, so I cannot comment on other pairs.

Will forward test on my (mini) account, nice post again!
  • #26
  • Jun 12, 2008 12:19pm Jun 12, 2008 12:19pm
If price is not moving you'll get hundrets of false signals.
I attached a screenshot which allows you to look back over 70 Days.
I marked some of the first signals all losers.

EDIT: Since FF doesn't allow me to host it in it's native resolution heres an extra link:
http://img155.imageshack.us/img155/4964/chartzz3.gif
Attached Image (click to enlarge)
Click to Enlarge Name: chart.jpg Size: 153 KB
  • #27
  • Jun 12, 2008 12:24pm Jun 12, 2008 12:24pm
Quoting Tjpld
If price is not moving you'll get hundrets of false signals.
I attached a screenshot which allows you to look back over 70 Days.
I marked some of the first signals all losers.

EDIT: Since FF doesn't allow me to host it in it's native resolution heres an extra link:
http://img155.imageshack.us/img155/4964/chartzz3.gif
Bear in mind, doing a visual on a chart doesn't mean much with this system.
There are losers you won't see.
There are also winners that won't look like winners.
This is because entrance is made before a bar completes.
  • #28
  • Jun 12, 2008 12:26pm Jun 12, 2008 12:26pm
I'll run it with VHands and find out.
  • #29
  • Jun 12, 2008 12:31pm Jun 12, 2008 12:31pm
Inserted Code
Bear in mind, doing a visual on a chart doesn't mean much with this system.
There are losers you won't see.
There are also winners that won't look like winners.
This is because entrance is made before a bar completes.

Bill,

If all the indicators agree at the close of a 4hr candle, are you saying they could repaint after this event?

Thanks, Lcfx
  • #30
  • Jun 12, 2008 12:37pm Jun 12, 2008 12:37pm
Quoting lcfxtrader
Inserted Code
Bear in mind, doing a visual on a chart doesn't mean much with this system.
There are losers you won't see.
There are also winners that won't look like winners.
This is because entrance is made before a bar completes.
Bill,

If you wait until the candle closes to confirm entry, are you saying the indicators will repaint after this event?

Thanks, Lcfx
No, I don't think these repaint.
Bull said to enter on a partial candle if the indicators line up.
Price can turn during the candle and when the candle is completed, you can't look at a chart and tell what the indicators were at mid candle.

In other words, you cannot look back on a chart and know when you would have entered or not or at what price.

Repaint means that they change color after the candle is completed. I don't think these do that.
  • #31
  • Jun 12, 2008 12:51pm Jun 12, 2008 12:51pm
You are correct. I misread what he said. I wonder if the results would be favorable if it took a trade at candle close if all indicators agreed to make it 100% mechanical.

Ron,

Could you please mod the EA to take the trade with the above requirements and everything else the same?

Thanks,
Lcfx
  • #32
  • Jun 12, 2008 12:53pm Jun 12, 2008 12:53pm
Quoting lcfxtrader
You are correct. I misread what he said. I wonder if the results would be favorable if it took a trade at candle close if all indicators agreed to make it 100% mechanical.

Ron,

Could you please mod the EA to take the trade with the above requirements and everything else the same?

Thanks,
Lcfx
I don't know. I don't know if the results are favorable as it is.
  • #33
  • Jun 12, 2008 1:03pm Jun 12, 2008 1:03pm
Quoting lcfxtrader
You are correct. I misread what he said. I wonder if the results would be favorable if it took a trade at candle close if all indicators agreed to make it 100% mechanical.

Ron,

Could you please mod the EA to take the trade with the above requirements and everything else the same?

Thanks,
Lcfx
Set EachTickMode to false to take trades ONLY at the close of a bar.
  • #34
  • Jun 12, 2008 2:54pm Jun 12, 2008 2:54pm
Quoting Tjpld
Hey Ronald,

nice job. Going to forward test it on a demo for a month.
Some how it looks better on 1H Chart GBP/USD.

I would be very careful about using a system that relies mostly on leading indicators on lower time frame charts.
  • #35
  • Jun 12, 2008 3:00pm Jun 12, 2008 3:00pm
Inserted Code
Set EachTickMode to false to take trades ONLY at the close of a bar.

Does this work the same way for exit on the 2nd trade when 2 colors turn against it at the close of a candle?
  • #36
  • Jun 12, 2008 3:08pm Jun 12, 2008 3:08pm
Quoting calculon
You're too fast bro!
I know, the kid's a genius.
  • #37
  • Jun 12, 2008 3:10pm Jun 12, 2008 3:10pm
It's much safer to enter after the candle has closed. As others have mentioned signals can change during candle formation. This in itself is risky.
  • #38
  • Jun 12, 2008 3:12pm Jun 12, 2008 3:12pm
Ron,

If you get a long signal and then a short signal and the stop is not hit on the long, will the EA exit the long position at the time of the short?

Thanks, Lcfx
  • #39
  • Jun 12, 2008 3:37pm Jun 12, 2008 3:37pm
Quoting lcfxtrader
Inserted Code
Set EachTickMode to false to take trades ONLY at the close of a bar.

Does this work the same way for exit on the 2nd trade when 2 colors turn against it at the close of a candle?
Yes, it will exit at the close of the bar, unless it's a sl or tp.

There is no second trade. I set the EA up so it manages only one trade at a time, mainly to allow for alternate MM possibilities.

The truth is that I don't know how to code EAs that manage multiple orders.

Quoting lcfxtrader
Ron,

If you get a long signal and then a short signal and the stop is not hit on the long, will the EA exit the long position at the time of the short?

Thanks, Lcfx
It's impossible to have conflicting signals because to have an exit, only 2 of the indicators need to match, for an entry, all 3 need to match
  • #40
  • Jun 12, 2008 4:23pm Jun 12, 2008 4:23pm
Quote
Money Management and Exit Strategy
Both Trades: Ignore any exit signals for both trades until +50 is reached and a break even is set.

It could be possible to get a reverse signal between the stop loss of -100 pips and +50 pips (150 pip delta). I was wondering how the EA would handle this? So you are also saying that the EA will not open 2 orders at a time as per the manual rule?
0 traders viewing now