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5 Min Keltner System

  • #321
  • Jun 17, 2008 2:59am Jun 17, 2008 2:59am
Quoting davidwillis
my trading didn't go so well today (1-4), but I didn't have much time to trade. Here is my chart
Hi david,
i m a little confused, when i look at your trades.
Like the 1. one, i see the rsi peeks falling and you took a long?
Maybee ive missed something, please correct me if so, i`m very new to this strategie
  • #322
  • Jun 17, 2008 3:09am Jun 17, 2008 3:09am
i see this as an valid short, channel, stoch and falling rsi peeks in place
Attached Image (click to enlarge)
Click to Enlarge Name: juni-009.JPG Size: 90 KB
  • #323
  • Jun 17, 2008 3:28am Jun 17, 2008 3:28am
Paulus,
i hope your daughter is well, best wishes to you and your family
  • #324
  • Jun 17, 2008 6:21am Jun 17, 2008 6:21am
I would like to wish your daughter well.May god 's blessing upon your you and your family. God Bless. Zu
  • #325
  • Jun 17, 2008 8:15am Jun 17, 2008 8:15am
Sorry, missed the info about your daughter either.
My wishes are with you Paulus, I hope your daughter is well.
  • #326
  • Jun 17, 2008 9:36am Jun 17, 2008 9:36am
Many thanks guys

She is doing well but not allowed out for another 48hrs..was a nasty op for her ..she is only 10 and 28.5 Kg so areal light weight and its hit her hard trying to get her to walk again now as she has been on her back since sat night.

Will post soon once we have her home as my wife is perm staying on the ward and im in and out..we have a 17 yr old son and although he can cope he also needs me around at home

Paulus
  • #327
  • Jun 17, 2008 10:46am Jun 17, 2008 10:46am
Quoting Paulus
Many thanks guys

She is doing well but not allowed out for another 48hrs..was a nasty op for her ..she is only 10 and 28.5 Kg so areal light weight and its hit her hard trying to get her to walk again now as she has been on her back since sat night.

Will post soon once we have her home as my wife is perm staying on the ward and im in and out..we have a 17 yr old son and although he can cope he also needs me around at home

Paulus


It is tough to see your little ones suffer. I hope she starts doing better soon.
"No man is free who is not master of himself"
  • #328
  • Jun 17, 2008 10:51am Jun 17, 2008 10:51am
Quoting MJurban
Hi david,
i m a little confused, when i look at your trades.
Like the 1. one, i see the rsi peeks falling and you took a long?
Maybee ive missed something, please correct me if so, i`m very new to this strategie

The rsi only comes into play on two consecutive trades in the same direction. As long as you have a long, short, long, etc.. you don't use the rsi (at least according to the system).
"No man is free who is not master of himself"
  • #329
  • Jun 17, 2008 12:00pm Jun 17, 2008 12:00pm
Hi Paulus,

Best wishes for a speedy recovery for your daughter.
  • #330
  • Jun 17, 2008 12:24pm Jun 17, 2008 12:24pm
Quoting davidwillis
The rsi only comes into play on two consecutive trades in the same direction. As long as you have a long, short, long, etc.. you don't use the rsi (at least according to the system).
thanks for clearing that,
i trade the x system life and only watch the k system cause i like it.
I like the bands.
What i have to do is go over the thread and find all the rules for the k system and put them together
Maybe i can start life next week
  • #331
  • Jun 17, 2008 7:15pm Jun 17, 2008 7:15pm
Results for 6/17 with latest EA
10 trades
6 wins
4 losses
+32 pips

I still believe there are more trades to be had, however I am still not quite getting the RSI situation, as for the most part mine shows up as a straight line pretty much, not many peaks to speak of.

David, in your EA, is it easily changeable to change the following?
a. not use the RSI at all for confirmation
b. place the order in the last 10 seconds of the bar (or even at close if that's easier to program) at market, instead of the 2 pips back or whatever it's using now.

I think these are the only two things I am noticing less trades being taken between these two methods, and wouldn't mind running a backtest and forward test to see which method results in the best gains.

Great job on this btw, wish this thread were more active, would love to see other people verifying the EA's trades and helping fine tune this thing to perfection.
Maybe some interest will develop here soon.
  • #332
  • Jun 17, 2008 10:34pm Jun 17, 2008 10:34pm
Quoting tazmaan
Results for 6/17 with latest EA
10 trades
6 wins
4 losses
+32 pips

I still believe there are more trades to be had, however I am still not quite getting the RSI situation, as for the most part mine shows up as a straight line pretty much, not many peaks to speak of.

David, in your EA, is it easily changeable to change the following?
a. not use the RSI at all for confirmation
b. place the order in the last 10 seconds of the bar (or even at close if that's easier to program) at market, instead of the 2 pips back or whatever it's using now.

I think these are the only two things I am noticing less trades being taken between these two methods, and wouldn't mind running a backtest and forward test to see which method results in the best gains.

Great job on this btw, wish this thread were more active, would love to see other people verifying the EA's trades and helping fine tune this thing to perfection.
Maybe some interest will develop here soon.
Hello tazmaan

i am new to EA'a and metrader i use GFT can you please let me know if i have installed the EA correct so i can test it with you? i have saved the file to my experts and in the right had corner of the screen i see Keltner_0_3 with a happy face face next to it. does this mean its working? does this auto trade or do i wait for the alarm and enter?
  • #333
  • Jun 17, 2008 10:50pm Jun 17, 2008 10:50pm
Yep, you've done it correctly. As long as you have all the required indicators as well, it should trade (RSI, the two stoch's and the keltner bands). Make sure the keltner band indicator name matches the name in the EA settings.
If it doesn't trade for awhile and you see that it should be based on what david's trade rules are, check the start time and end time settings as well in the EA.
Glad to have you on board the test ship!
  • #334
  • Jun 17, 2008 11:05pm Jun 17, 2008 11:05pm
Hi Paulus,

if you don't mind could you please tell me what is Es,Er2 Ym and Nas

thanks
  • #335
  • Edited Jun 18, 2008 1:09am Jun 17, 2008 11:15pm | Edited Jun 18, 2008 1:09am
Quoting tazmaan
Results for 6/17 with latest EA
10 trades
6 wins
4 losses
+32 pips

I still believe there are more trades to be had, however I am still not quite getting the RSI situation, as for the most part mine shows up as a straight line pretty much, not many peaks to speak of.

David, in your EA, is it easily changeable to change the following?
a. not use the RSI at all for confirmation
b. place the order in the last 10 seconds of the bar (or even at close if that's easier to program) at market, instead of the 2 pips back or whatever it's using now.

I think these are the only two things I am noticing less trades being taken between these two methods, and wouldn't mind running a backtest and forward test to see which method results in the best gains.

Great job on this btw, wish this thread were more active, would love to see other people verifying the EA's trades and helping fine tune this thing to perfection.
Maybe some interest will develop here soon.

I will put the rsi as an option on the next version, and if you want it to open at the open of the next candle, just set the limit to 0 instead of 2.

Thanks for testing, and the feedback.

p.s. your rsi should look like the one I attached. It helps to uncheck the maximum and minimum setting on the rsi, so you can see the peaks better.
Attached Image (click to enlarge)
Click to Enlarge Name: 6-18.gif Size: 23 KB
"No man is free who is not master of himself"
  • #336
  • Jun 18, 2008 1:22am Jun 18, 2008 1:22am
David,
Thanks for the tip on the RSI, that did make a huge difference.
Thanks for the other answers as well, I will start testing with just the open on the next bar as well.
  • #337
  • Jun 18, 2008 11:20am Jun 18, 2008 11:20am
Hi all Im back

But things still unsettled here atm

Just a quickly and thanks for all the help..things have changed will need to get up to speed .. I like the inside bar thing btw and the fibs l;ook powerful as long as I apply them correctly

David W - nice work on the EA...

Your cart shows on the last 2 short signals..the top K wasn't broken are you using a diff entry procedure ...

Cheers

Paulus
  • #338
  • Jun 18, 2008 2:04pm Jun 18, 2008 2:04pm
Quoting davidwillis
I will put the rsi as an option on the next version, and if you want it to open at the open of the next candle, just set the limit to 0 instead of 2.

Thanks for testing, and the feedback.

p.s. your rsi should look like the one I attached. It helps to uncheck the maximum and minimum setting on the rsi, so you can see the peaks better.
Hello David,

Just wanted to say thanks for all the work on the EA.

J
  • #339
  • Jun 18, 2008 2:33pm Jun 18, 2008 2:33pm
Mohan

Er2 is the Index Future of the Russell 2000
Ym is the index Future of Dow Jones
Es is the s+p 500 min index futures
Nas is the Nasdaq Future

Uk time of trading 2.30pm to 9pm

cheers

Paul
  • #340
  • Jun 18, 2008 3:46pm Jun 18, 2008 3:46pm
Hi davidwillis
I have loaded your ea keltner 0 3.mq4.
I seem to be getting this error when i compile the ea.
Can you tell me were i am going wrong or am i missing some indicator
Thanks in advance
JTH
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