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5 Min Keltner System

  • #341
  • Jun 18, 2008 4:57pm Jun 18, 2008 4:57pm
Ok been gone a few days

RSI works well to a degree but try this approach..its nothing new

use your 5min chart as normal but ignore RSI ( stop crying your grown men lols)

Open a 15min chart with same template,if you want remove the price bars...we want the inds

We get a normal short signal on the 5min..take a look at the 15min stoch was it over sold is it now going down..in my case was it green is it now heading down from OS

2 charts 1 is all the signals today so far..the 2nd is an example 5 and 15min time stamped at 9.30pm..the white +figures are the nornal 10 pip tp..the yellow is closing the 5min signal when the 15min stoch goes OS for the short OB for the long

In my futures trading software I could easily write a scan to look at the 15min whilst on the 5 min..it would give me a green bar on the bottom of my chart..if green go with 5min sig if red leave easy peasy lemon squeezy

Paulus
Attached Image(s) (click to enlarge)
Click to Enlarge Name: %mlt.gif Size: 29 KB
Click to Enlarge Name: 5,15,mlt.jpg Size: 153 KB
  • #342
  • Jun 18, 2008 6:00pm Jun 18, 2008 6:00pm
JTH, I have gotten the same error every time I have loaded it I believe. I just ignored it, it still works.


Quoting jth
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
  • #343
  • Jun 18, 2008 7:40pm Jun 18, 2008 7:40pm
Anyone else run the EA in today's session? I was messing with the entry price on mine so I don't trust my results (and they weren't good today).
If someone else was running it today in default form, please post your results for today.
Thanks
  • #344
  • Jun 19, 2008 12:51am Jun 19, 2008 12:51am
Quoting Paulus
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
Sorry, I just posted that chart to show what the RSI should look like. Those arrows were not trades, they are just the adx cross indicator I was playing with.


Also, I like your new 15 min idea. I could make an indicator that would show the stochastic from the 15 min on the 5 min chart. Would that be helpful? Then if it turns out good, I could change the ea to us the 15 min as well.
"No man is free who is not master of himself"
  • #345
  • Jun 19, 2008 12:53am Jun 19, 2008 12:53am
Quoting jth
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


don't worry about that, I just wrote some functions in there that I am not currently using in the main program (I should just delete them). It is just telling you that it is not going to include them in the compiling.
"No man is free who is not master of himself"
  • #346
  • Jun 19, 2008 12:59am Jun 19, 2008 12:59am
Quoting jacioux
Hello David,

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

J


No problem, I hope I get it working right someday...
"No man is free who is not master of himself"
  • #347
  • Jun 19, 2008 6:26am Jun 19, 2008 6:26am
Just wanted to say thanks to you Paulus. I been a full time trader since 6 months and just traded 60 min chart..Thought it would be fun to test some scalping as well. With your system im up 17 - 1..Unreal but nice.....
Tx mate....
/kojak

sorry if my english is bad....
  • #348
  • Jun 19, 2008 8:14am Jun 19, 2008 8:14am
Quoting Paulus
Ok been gone a few days

RSI works well to a degree but try this approach..its nothing new

use your 5min chart as normal but ignore RSI ( stop crying your grown men lols)

Open a 15min chart with same template,if you want remove the price bars...we want the inds

We get a normal short signal on the 5min..take a look at the 15min stoch was it over sold is it now going down..in my case was it green is it now heading down from OS

2 charts 1 is all the signals today so far..the 2nd is an example 5 and 15min time stamped at 9.30pm..the white +figures are the nornal 10 pip tp..the yellow is closing the 5min signal when the 15min stoch goes OS for the short OB for the long

In my futures trading software I could easily write a scan to look at the 15min whilst on the 5 min..it would give me a green bar on the bottom of my chart..if green go with 5min sig if red leave easy peasy lemon squeezy

Paulus

Hi Paulus,

Not trying to pick holes here, just tying to understand the system. The long entry at 07:00, the stoch did not tick up on the up bar that followed the signal bar, is this no longer a rule?
What about the long at the close of the 09:20 bar, is this not valid, that was a loss?
There was another long at 11:10 that won.
Just trying to see why they were not taken and wondered if i am missing something? Also, have you now abandoned the use of the RSI?
Look forward to your reply.

Steve
  • #349
  • Jun 19, 2008 10:03am Jun 19, 2008 10:03am
Quoting davidwillis
Sorry, I just posted that chart to show what the RSI should look like. Those arrows were not trades, they are just the adx cross indicator I was playing with.


Also, I like your new 15 min idea. I could make an indicator that would show the stochastic from the 15 min on the 5 min chart. Would that be helpful? Then if it turns out good, I could change the ea to us the 15 min as well.
Hey David

How do i remove the start time end time from the EA, i would like to turn the EA on and just let it run while i am at work. Do i just set it to 0 0 ?
  • #350
  • Jun 19, 2008 11:16am Jun 19, 2008 11:16am
Quoting jacioux
Hey David

How do i remove the start time end time from the EA, i would like to turn the EA on and just let it run while i am at work. Do i just set it to 0 0 ?

just put in 0 and 25



Also, here it the stochastic color indicator that I modified to let you put in the 15 min time frame.
Attached File(s)
File Type: mq4 StochasticColor_multitime.mq4   5 KB | 605 downloads
"No man is free who is not master of himself"
  • #351
  • Jun 19, 2008 11:45am Jun 19, 2008 11:45am
Hi everyone a special thank to Paulus and davidwillis for the system and the efforts in writing the EA.

I have been trying the set up this system for the whole day but I haven't succeded.

Is there a Template already filled to download?
Do we need indicators which aren't in the MT4 initial database?

Thanks
  • #352
  • Jun 19, 2008 12:30pm Jun 19, 2008 12:30pm
Quoting Corre
Hi everyone a special thank to Paulus and davidwillis for the system and the efforts in writing the EA.

I have been trying the set up this system for the whole day but I haven't succeded.

Is there a Template already filled to download?
Do we need indicators which aren't in the MT4 initial database?

Thanks
Ok, here is all you need, including my template.

the m-min-k is the template, keltner_0_4 is my ea, and the other three are just the indicators you will need.
Attached File(s)
File Type: tpl 5-min-k.tpl   33 KB | 912 downloads
File Type: mq4 Keltner_0_4.mq4   13 KB | 944 downloads
File Type: mq4 _My Keltner Channel.mq4   3 KB | 852 downloads
File Type: mq4 StochasticColor_multitime.mq4   5 KB | 811 downloads
File Type: mq4 StochasticDiNapoli_v1[1].mq4   3 KB | 809 downloads
"No man is free who is not master of himself"
  • #353
  • Jun 19, 2008 2:40pm Jun 19, 2008 2:40pm
Hi Steve..

the long signal was where the arrow is we do have a down bar followed by an up bar but the stoch did not tick up at that point it was flat ..we then had the down bar then on the upbar with the arrow the stoch ticked up..confirmed by 15min

The next signal (9.20) although it was later the 15min stoch was heading down so not go for the 5min

And well done on the 11.10 signal I missed that and it did win and was confirmed by the 15min..

havnt abandoned the use of the RSI looking at other possibilities to reduce loses and increase the success rate of the signals left.

When i brought this system over from Futures it was a completed system..but on Forex it was only 50% efficient..its only through the posts here that the system has been adapted and improved for Forex use..

Hope all that helps

paulus
  • #354
  • Jun 19, 2008 2:42pm Jun 19, 2008 2:42pm
Hi DW

Thanks for taking the work load Im still tied up here with my daughter..wife exhausted after spending 5 days in the hospital as you can imagine although the nurses and the ward were 1st class both didnt get any sleep.

I should be back on line next week..daughter off school for 2 weeks though

Again thanks for your help its appreciated..also to the others in the thread we pull together for a common cause...to make money lols

Paulus
  • #355
  • Jun 19, 2008 5:46pm Jun 19, 2008 5:46pm
Quoting davidwillis
Ok, here is all you need, including my template.

the m-min-k is the template, keltner_0_4 is my ea, and the other three are just the indicators you will need.
thank you very much! i see the template already starts on its own the EA, is it correct?

Paulus, do you use the ea or you prefer to trade manual? This EA seems to produce a lot of loss
  • #356
  • Jun 19, 2008 7:37pm Jun 19, 2008 7:37pm
David,
Are you not using the RSI any longer, or just not attaching it to your chart/template?
I notice v4 of the EA, what changes have you made since the last?

I have placed this on a brand new demo in stock form, so will start giving my daily results to the thread.
  • #357
  • Jun 19, 2008 7:59pm Jun 19, 2008 7:59pm
Quoting tazmaan
David,
Are you not using the RSI any longer, or just not attaching it to your chart/template?
I notice v4 of the EA, what changes have you made since the last?

I have placed this on a brand new demo in stock form, so will start giving my daily results to the thread.


I just pulled the RSI off my chart, and am testing the 15 min stochastic. But the ea still uses the RSI. In fact, there is very little difference between v3, and v4. I didn't mean to put on version 4, as I had more planed to do before I put it up.
"No man is free who is not master of himself"
  • #358
  • Jun 19, 2008 8:17pm Jun 19, 2008 8:17pm
Very good, I'll continue to test as is and upgrade whenever a new one is available
  • #359
  • Jun 20, 2008 1:46am Jun 20, 2008 1:46am
I have been playing around with that stochastic set to the 15 min chart, and it looks like it gives the right reading for the current conditions, but looking back through the chart, I don't think it does. So visually back testing will not be accurate, although it should be good to trade with live. I just thought I would mention that, because it may be confusing.
"No man is free who is not master of himself"
  • #360
  • Jun 20, 2008 2:55am Jun 20, 2008 2:55am
Quoting Paulus
Hi Steve..

the long signal was where the arrow is we do have a down bar followed by an up bar but the stoch did not tick up at that point it was flat ..we then had the down bar then on the upbar with the arrow the stoch ticked up..confirmed by 15min

The next signal (9.20) although it was later the 15min stoch was heading down so not go for the 5min

And well done on the 11.10 signal I missed that and it did win and was confirmed by the 15min..

havnt abandoned the use of the RSI looking at other possibilities to reduce loses and increase the success rate of the signals left.

When i brought this system over from Futures it was a completed system..but on Forex it was only 50% efficient..its only through the posts here that the system has been adapted and improved for Forex use..

Hope all that helps

paulus
Thanks Paulus,

I see what you mean by that trade, i didn't realise that you would take an entry when the initial signal and entry was not valid. In this case, a further signal and entry bar confirmed and you took it, even though this second down bar was not outside the keltner band. In this case, all that was wrong with the first signal was the stoch not ticking up so the second one meant it was good to take.
Hope your family recover soon.

Cheers,
Steve

ps David has written an EA, has anyone tried to backtest these rules with Strategy Builder or something to see how it fairs in the past? Seeing as this is a mechanical approach, there seems no reason why this cannot be done?
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