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my new, Extremely simple, 2 indicator scalping/5min method

  • #61
  • Jul 7, 2008 11:49am Jul 7, 2008 11:49am
Quoting nikolaou13
thanks lefteye it is good to be back, and yes only the first trade is correct according to the rules i posted.

currenctly me and jadedinc are trading a modified version of the system, and i willl post the results after a couple days of trading it.
Nik,
How have you found it today?
  • #62
  • Jul 7, 2008 1:06pm Jul 7, 2008 1:06pm
seems like jadedinc knows what he's doing. looking forward to it.
chris

Quoting nikolaou13
thanks lefteye it is good to be back, and yes only the first trade is correct according to the rules i posted.

currenctly me and jadedinc are trading a modified version of the system, and i willl post the results after a couple days of trading it.
  • #63
  • Jul 10, 2008 5:27am Jul 10, 2008 5:27am
Hi nikolaou13 & jadedinc,

this system looks interesting, and I'm in the process of writing an EA for it. I've finished version 1 beta which is suppose to do exactly what is described in the first post, right down to the stoploss management. I'm forward testing the EA to work out the bugs before posting it here. And since it's a trading robot, I need to be very very specific on the interpretations of your system's rules. A few questions...

1. You stated when you reach +4, you bring stoploss to breakeven. does the +4 include the 2 pip spread?

2. Do you have any buffer period for the crossovers? e.g. if white cross below red, then 1 or 2 candles later, white cross above red. discard this long signal as its too short.

3. The rules stated that for a long signal, the MACD must be above the -0.0002 point throughout the period of the 2 crossovers. Do you need the volume to be above 35 throughout that period too?

Can you post the rules for the modified version that you're testing now? I would like to start working on version 2 asap.

Ideally, after they're done, I can run it 24hrs everyday to find out the optimum trading hours for this strategy.

oh! another quick question, may I ask which broker are you with? correct me if i'm wrong, I was told that volume is also dependent on which broker we're with. so using 35 as the reference point perhaps won't work across the board?

Cheers and Happy Trading. =)
Programming for a better future.
  • #64
  • Jul 10, 2008 9:46am Jul 10, 2008 9:46am
Quoting Zen_Leow
Hi nikolaou13 & jadedinc,

this system looks interesting, and I'm in the process of writing an EA for it. I've finished version 1 beta which is suppose to do exactly what is described in the first post, right down to the stoploss management. I'm forward testing the EA to work out the bugs before posting it here. And since it's a trading robot, I need to be very very specific on the interpretations of your system's rules. A few questions...

i am glad you have found some interest in my system , and i wish you lotsa luck with it, i am excited to see how your EA turns out, ifyou have any questions fell free to ask, and if you have msn and would like to discuss this or anything else, your, or anyone else can private message me with your email and i will add you on msn.

1. You stated when you reach +4, you bring stoploss to breakeven. does the +4 include the 2 pip spread?

yes the 4 pips includes the spread, so it is 4 pips PROFIT and it moved 6pips total

2. Do you have any buffer period for the crossovers? e.g. if white cross below red, then 1 or 2 candles later, white cross above red. discard this long signal as its too short.

i have never thought about putting any buffers like the type you are talking about, mabye you could make a variable? i think this would be very useful.

3. The rules stated that for a long signal, the MACD must be above the -0.0002 point throughout the period of the 2 crossovers. Do you need the volume to be above 35 throughout that period too?
usually i just require the 12 period ema of volume to be above 35 on the signal bar

Can you post the rules for the modified version that you're testing now? I would like to start working on version 2 asap.

[b] the modified version no longer exists, for the last 3 days i have been trading a completely different system which involves just bollinger bands, and a 9 ema. i am going to start trading both systems together though[b/]

Ideally, after they're done, I can run it 24hrs everyday to find out the optimum trading hours for this strategy.

oh! another quick question, may I ask which broker are you with? correct me if i'm wrong, I was told that volume is also dependent on which broker we're with. so using 35 as the reference point perhaps won't work across the board?
i use the broker "fxdd"
Cheers and Happy Trading. =)
.
  • #65
  • Edited Jul 11, 2008 6:36am Jul 10, 2008 12:34pm | Edited Jul 11, 2008 6:36am
Here's my first shot at the EA. ran the beta version throughout the day and it managed to make 5 trades netting a total of 36 pips.
1st trade = 1 pip
2nd trade = 6 pips
3rd trade = 3 pips
4th trade = 6 pips
5th trade = 20 pips
Here are the inputs explaination. I added a couple more for better control.
the values displayed are those i set as default.

- EA_MAGIC_NUM = 414142;
>> self explanatory.

iOpenHour = 6;
>> the hour that the EA should start working. I'm using 6 cos my broker is on GMT and Euro market opens at GMT 6am.

HoursToTrade = 24;
>> number of hours to run this EA. if you set it to 24 like i did, it'll run all day with no regards to the iOpenHour setting.

MinSignalPeriod = 4;
>> MacD cross overs must be at least this number of candles apart. I'm experimenting with this value.
Note: the result above was when this was set to 0.

StrictVolume = true;
>> if set to true, volume MA must be above 35 throughout the calculated MACD crossover signal period. if false, only the latest value is taken into consideration.

Slippage = 3.0;
>> self explanatory

TakeProfit = 0;
>> if set to 0, trades opened will have no TP, completely at the mercy of the stop loss management. I like it this way.

StopLoss = 10;
>> this is just the initial risk pips at least to tide over till breakeven is reached..

BEpips = 2;
>> when position is in profit by this amt of pips, bring to breakeven. I know nikolaou13 said 4, but i got a lot of stop out using that so I set it lower... this number is also crucial for the entire stoploss management. I'll explain later.

TrailingStop = 15;
>> when the position reach stage 10, a floating trail of this amount of pips will be enforced. I'll explain what is stage 10 later.

MoneyManagement = false;
>> if set to true, use a percentage amt (defined by "RiskPercent") of your account balance to caculate the optimum lot size. Only if you're adventurous enough. if set to false like i did, EA will use fixed lots as defined in "Lots".

RiskPercent = 1.0;
>> refer to "MoneyManagement"

Lots = 0.1;
>> refer to "MoneyManagement"

MaxLots = 15.0;
>> If your account has millions of dollars and you set MoneyManagement to true, chances are the position size may be huge. this cap is given just in case your risk appetite doesn't match your deep pockets. =)

MinLots = 0.01;
>> My broker allows micro lots and this is the minimum position the EA allows opening.

-------------------------------------------------

Some notes about the EA.

you have to download my MAonVolume custom indicator. I dunno how to get the values straight off the supplied indicators in the API so i wrote my own instead. copy it into your experts/indicators/ folder.

the MoneyManagement for calculating optimum lot size only works if your account is USD based and also the symbol names your broker uses is in "EURUSD" format. I didn't cater for those with "EURUSDm" or something like that. sorry... if your account is USD and the symbol format is correct, my MM codes can handle other currency pairs too. (that's IF you wanna trade other pairs)

Every position once opened will be managed by the EA in stages. the EA will track each trade's progress and update its stage status and stoploss level automatically. (that's what robots are for)

Stage 1: This is when the trade just got opened
Stage 2: When position is +BEpips, bring to breakeven
Stage 3: When +BEpips+1, set to b/e+1
Stage 4: When +BEpips+4, set to b/e+2
Stage 5: When +BEpips+6, set to b/e+3
Stage 6: When +BEpips+11, set to b/e+6
Stage 7: When +BEpips+14, set to b/e+8
Stage 8: When +BEpips+16, set to b/e+10
Stage 9: When +BEpips+21, set to b/e+13
Stage 10: When +BEpips+25, set to b/e+15, activate Floating trail of 15 pips

Now you see why the BEpips setting is so important? btw, if you set BEpips to 4, it'll be exactly the same as how nikolaou13 described in the first post.

ok. so check back using the stages... that means if you refer to the 5 trades above
1st trade reached stage 3
2nd trade reached stage 6
3rd trade reached stage 5
4th trade reached stage 6
5th trade reached stage 10
Things i did not code are signal checks using the EMAs since nikolaou13 said he had mixed results using this.
I also didn't let a new sell order close off a running buy order, and vice versa. prefer to let it run and see how the stop loss management do its thing.

That's all from me for now. Let me know if there's any bugs I missed, or features u'll wan in. Constructive comments are

woah! it's 1:30am!! I gtg to bed. Goodnight everyone. and Happy Trading!
Attached File(s)
File Type: ex4 MAonVolume.ex4   5 KB | 922 downloads
File Type: mq4 MAonVolume.mq4   5 KB | 1,065 downloads
File Type: ex4 5min_zerolag_EA_ver1.ex4   41 KB | 777 downloads
File Type: mq4 5min_zerolag_EA_ver1.mq4   36 KB | 887 downloads
Programming for a better future.
  • #66
  • Jul 11, 2008 11:32am Jul 11, 2008 11:32am
I compiled this version after adding in an additional input selection called "UseBE". This is for those who wants to just let the trade run after setting a realistic TP without the use of the Stoploss management feature. Setting this to "false" means "BEpips" and "TrailingStop" value WON'T be in effect.

I ran 2 different settings today on separate clients. here's the results.

Client 1 settings
---------
TakeProfit: 0
StopLoss: 10
UseBE: true
MinSignalPeriod: 4

results: 2 trades total, +1pip, +6pips gain. total:7 pips gain

Client 2 settings
---------
TakeProfit: 10
StopLoss: 20
UseBE: false
MinSignalPeriod: 0

results: 3 trades total, +10pip, +10pips, +10pips. total:30 pips gain

I still prefer Client 1's settings cos I'm rather conservative.
Attached File(s)
File Type: ex4 5min_zerolag_EA_ver2.ex4   41 KB | 905 downloads
File Type: mq4 5min_zerolag_EA_ver2.mq4   36 KB | 1,077 downloads
Programming for a better future.
  • #67
  • Jul 11, 2008 12:21pm Jul 11, 2008 12:21pm
backtesting yield pretty bad results... can't seem to find a setting that'll work well.
Programming for a better future.
  • #68
  • Jul 15, 2008 7:29am Jul 15, 2008 7:29am
hi guys,

this is my ss by using ver1.

http://usera.imagecave.com/GoldHunte...Lag_15July.jpg

out of 3...only 2 give profit.
but overall...i;m still loss


anyone here faced the same problem???
thanks.
  • #69
  • Jul 15, 2008 8:34am Jul 15, 2008 8:34am
Quoting GoldHunter
hi guys,

this is my ss by using ver1.

http://usera.imagecave.com/GoldHunte...Lag_15July.jpg

out of 3...only 2 give profit.
but overall...i;m still loss


anyone here faced the same problem???
thanks.
I sure hope those results are from a demo account. and why are u playing on gbpjpy? shouldn't scalping strategies be tested on pairs with tighter spreads? like eurusd? This EA is far from a holy grail, it worked well last week, doesn't mean this week will work just as well. anyway, I've mentioned the backtesting results aren't looking good. I've spent a lot of time trying to optimize the signal catching but to no avail. probably others have ideas to contribute and add on to what we have now. I'm not working on this anymore for the time being untill I get a message from god or something.. time to move on.

if you find an EA that gives 100% gains, do let us know. Cheers =)

regards,
Zen
Programming for a better future.
  • #70
  • Jul 16, 2008 2:56pm Jul 16, 2008 2:56pm
I'm sorry if this seems to be a rookie question:

Does the fact that the strategy isn't profitable as EA mean, that it the good results in manual trading were just luck and longterm, manually trading this strategy will also be unprofitable? Assuming that the EA is coded correctly, that seems like a logical conclusion to me.

I recently read the same thing about another system and wonder: How can the EA produce worse results if the rules are executed in the same way in manual trading and by the EA?
  • #71
  • Jul 16, 2008 9:23pm Jul 16, 2008 9:23pm
not exactly, if you trade manually, you'll be able to make judgement calls whether or not the signal should be taken, taking news times, etc into consideration. whereas EA will just take the signal as it happens.

and you get to be have control over how weak/strong a signal you wanna take when u trade manually.

the EA that I worked up still can't mimick this kinda trading decisions, its pure logic applying the rules. which is why I'm asking for suggestions to optimize it further.
Programming for a better future.
  • #72
  • Jul 17, 2008 4:43am Jul 17, 2008 4:43am
Quoting Zen_Leow
not exactly, if you trade manually, you'll be able to make judgement calls whether or not the signal should be taken, taking news times, etc into consideration. whereas EA will just take the signal as it happens.

and you get to be have control over how weak/strong a signal you wanna take when u trade manually.

the EA that I worked up still can't mimick this kinda trading decisions, its pure logic applying the rules. which is why I'm asking for suggestions to optimize it further.
zen,
I have adjusted my stratagy and was wondering if you would work with me for the EA. I would prefer we chat privately before posting the full model..I use msn my add: [email protected]
This account is open between 06:00 to 18:00 GMT.
Dean.
  • #73
  • Jul 17, 2008 4:52am Jul 17, 2008 4:52am
Quoting BStar
I'm sorry if this seems to be a rookie question:

Does the fact that the strategy isn't profitable as EA mean, that it the good results in manual trading were just luck and longterm, manually trading this strategy will also be unprofitable? Assuming that the EA is coded correctly, that seems like a logical conclusion to me.

I recently read the same thing about another system and wonder: How can the EA produce worse results if the rules are executed in the same way in manual trading and by the EA?
Bstar..
market conditions dictate what stratergy will be most effective. 2 years ago i was using just MA's and they worked fine right upto the begining of this year. With all that is happening right now there is a large fear factor looming in the markets this is making very reliable indicators redundant. You have to have in your arsenal a multitude of systems that are and can be adaptable. Constantly monitoring the behavoir of the price action against your system and making adjustments when neccesary. My new system is what i would call current but it may not work next year- As the market changes so does my system..
So to clarify: an averaged out backtest on a single sytem will always produce less than promised results and keeping with that system and working it manually will aslo produce the same results over a period of time.
  • #74
  • Jul 18, 2008 1:37pm Jul 18, 2008 1:37pm
Quoting Jaded Inc
zen,
I have adjusted my stratagy and was wondering if you would work with me for the EA. I would prefer we chat privately before posting the full model..I use msn my add: [email protected]
This account is open between 06:00 to 18:00 GMT.
Dean.
I've added you in my msn. hope to hear from you soon. cheers =)
Programming for a better future.
  • #75
  • Aug 21, 2008 4:06am Aug 21, 2008 4:06am
Quoting nikolaou
also, for a trade to be given, if the macd goes to the other side of the zero line but doesnt cross the .0002 line, then it must be back onto the correct side when the zls cross back over and the candel closes.

i did not make that a requirement today and it would have kept me out of some bad trades, and lookin back at other days it would have saved me some pippage as well...
#################################################################
If you only take trades whenever the MACD is above that line you tend to be late - very late in many or most cases.
I mayself consider the 5 min. to be a very dangerous timeframe - I would never use it - no matter which market.
Run tests on 1-2 min. or ticks.
  • #76
  • Sep 5, 2008 2:54am Sep 5, 2008 2:54am
Love your system. I prefer something closer to yourr original version that you posted though. I am not using MACD at this time. I have added Attar Explosion indicator. Twice I saw mention of whipsaw periods. Are these whipsaws due to News?
  • #77
  • Oct 3, 2008 2:24am Oct 3, 2008 2:24am
I'm using it with good results. Thx for posting this method. Now I'm using Zen_Leow EA. Will be back with results and screens of EA test currently being made.
  • #78
  • Jan 16, 2009 12:07am Jan 16, 2009 12:07am
Will give it a shot.
  • #79
  • Jan 23, 2009 11:54am Jan 23, 2009 11:54am
Hey Nik, looks like a good system. Thx for sharing. I think it is good system for $20+ pips every cross over.

Just traded with it gained 20 pips on demo.

1M timeframe is good for this

3 Quick Questions,
1)do we trade the trend or
2)we can get away with JUST going by the ZLS crossovers/MACD signals?
3) after ZLS reaching the 80/20 levels should we look to EXIT or it doesnt matter?
  • #80
  • Last Post: Nov 23, 2010 7:21pm Nov 23, 2010 7:21pm
Hi, Zen_Leow, you are a great coder, thanks for share the EA.
if I donīt bother you, could you (please) simply add an alarm at zerolag stoch and maybe the posibility of change parameters in the imputs window for all of us who prefer do a manual trading?
Best regards . . .
Humble & Kalcker CLO2 = Covid killer
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