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Attachments: EMA 25-50 Trading System (Detailed)
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EMA 25-50 Trading System (Detailed)

  • #1,841
  • Jul 13, 2008 9:05pm Jul 13, 2008 9:05pm
WOW, i just read the last 5 pages of this thread and your trading system looks really interesting! Thanks for sharing.

I look forward to following this thread and learning more about how you trade!

Thanks again!
  • #1,842
  • Jul 14, 2008 8:32am Jul 14, 2008 8:32am
anyway i checked some moments ago and I can't find the problem you say...

all the "golden crosses" come when the BE is reached not the SL... and so does the "black cross" and so do all the profit quarters...

the system seems working to me...
  • #1,843
  • Jul 14, 2008 10:47am Jul 14, 2008 10:47am
Quoting Corre
anyway i checked some moments ago and I can't find the problem you say...

all the "golden crosses" come when the BE is reached not the SL... and so does the "black cross" and so do all the profit quarters...

the system seems working to me...
Oups, you're right... sorry for the mistake

I wrote correctly what I meant, some posts ago... but because I have several graphs with the same pair but different versions (or settings) of indicators in each... I got confused!
Also because sometimes several days pass until I re-look to what I was doing previously (because of my job)... so I forget where I was at, in terms of logic

Point is, as I said on a previous post:
The yellow crosses aren't in the right place only if you use ATR for SL.

That's something to look at in the code. Ronmatzkin said he'll check it out (I believe it will be a good improvement to have SL and TP based on it, to diversify in pairs).

But it also means your calculations seem correct!
  • #1,844
  • Jul 14, 2008 12:18pm Jul 14, 2008 12:18pm
Quoting tonirai
Oups, you're right... sorry for the mistake :
GREAT this system is cool then... oook

can you explain me how ATR and ATR*2 work now? so we can decide which is the best system for SL_TP
  • #1,845
  • Jul 14, 2008 12:51pm Jul 14, 2008 12:51pm
Well I can't have an exact number, because since it isn't part of the indicator, I have to manually change the SL/TP to ATR value, at a given moment... which of course is different from ATR values some hous ago, so as the indicator recalculates the all graph with the new inserted value, only the few last hours are accurate.

But what I see is that in the last few hours after I make a change, the ATR value seems to work fine (I don't use the ATR*2, I indicated it as a possibility, close to your 50 pip).

The main idea is that using ATR, you can have the same constant proportion of SL/TP regarding to the pair's volatility:
EURUSD is now at ATR(24)=29;
GBPJPY is now at ATR(24)=41.
If GBPJPY is more volatile, it doesn't seem logic to use the same SL/TP as in EURUSD... and ATR seems a good way to find a correct value, even if you have to adjust it with a multiplying factor.
  • #1,846
  • Jul 14, 2008 12:58pm Jul 14, 2008 12:58pm
But I'm afraid maybe it won't be so simple to introduce it to the code... ronmatzkin first try failed with a bug.
I'm not able to do it... I'm far behind his ability in coding!

The other interesting thing would be to have the indicator showing more then 1 quarter TP in each candle, when it's the case - now it only shows one, even if the candle grows enormous, it will only show a new quarter in the next candle.

Of course we know the logic behind the indicator, so mentally we can see and set the TP in the right place when we go live, but it isn't accurate to backtest looking at the past in the graph.
  • #1,847
  • Jul 14, 2008 7:00pm Jul 14, 2008 7:00pm
Quoting tonirai
The other interesting thing would be to have the indicator showing more then 1 quarter TP in each candle, when it's the case - now it only shows one, even if the candle grows enormous, it will only show a new quarter in the next candle.
OK, big breakthrough (at least for me)

I've been giving a try in the last 2 hours, trying to figure out what I had to change or add to the code, in order to make it have the multiple TP in one candle... and what about that? I did it!

In the If we are currently in "buy mode" and If we are currently in "sell mode" sections, I had to remove all the else separating the if - this was keeping it from verifying if another TP is reached inside the candle;

Then I separated the icons by (1or2or3or4)*point*IconDistance, in order to make them clear, and not overlayed on each other.

Now I leave it to you guys, to tell if it's worth it, and what do you think

There's only the adding ATR for SL/TP question left unsolved...
ronmatzkin, where are you? Have you been able to take a look at it?
You haven't got the time, or is it too hard?
Attached File(s)
File Type: mq4 EMA_25_Indicator V1.6.mq4   26 KB | 403 downloads
  • #1,848
  • Jul 14, 2008 7:22pm Jul 14, 2008 7:22pm
Corre, you should do a comparative pip counting for a pair or two, using this change and comparing the results with the ones before it...

Because of it taking several profit in one candle, in those cases it reaches the yellow cross sooner then in the previous indicator, and for that reason can give another entry signal sooner... sometimes resulting in a good, sometimes in a bad trade.

You seem to count very fast, so... be my guest
  • #1,849
  • Jul 14, 2008 7:30pm Jul 14, 2008 7:30pm
great! it's 2:21 am in italy tomorrow morning I'll count all the 3 cross from january to today and I'll leave here the results.

now: ZzZzzzZzzzZZZ
  • #1,850
  • Edited 9:18pm Jul 14, 2008 7:56pm | Edited 9:18pm
OK, have a good night.
In the meantime here's an example of the changes.

The first checked trade only alerted TP1, while with the changes, it alerts TP2. But it opens a loosing trade right after SL, that didn't exist before (because we were still in the previous trade);

The second checked trade now reaches TP3 in the same candle, without changing the following history, while before it needed 3 candles (3 hours) to show it.

This is with some different settings from you, just for a visual of possible effect.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: previous.gif Size: 30 KB
Click to Enlarge Name: new.gif Size: 30 KB
  • #1,851
  • Jul 15, 2008 12:11am Jul 15, 2008 12:11am
Quoting hipofiz
EA still not developed yet????
Well, I am in the hi-tech field - we had a long period of 9-5 working hours but the last four weeks were hell so I dont have time to do anything but work.
Hopefully we will finish this crisis period and I will have time to invest more time in the indicator/EA programming (trust me it is more interesting then work).
  • #1,852
  • Jul 15, 2008 12:16am Jul 15, 2008 12:16am
Quoting Corre
ok, all my counts are wrong then

we'll recount when this problem will be solved
What exactly is the problem?
  • #1,853
  • Jul 15, 2008 12:20am Jul 15, 2008 12:20am
Quoting tonirai
OK, big breakthrough (at least for me)

I've been giving a try in the last 2 hours, trying to figure out what I had to change or add to the code, in order to make it have the multiple TP in one candle... and what about that? I did it!

In the If we are currently in "buy mode" and If we are currently in "sell mode" sections, I had to remove all the else separating the if - this was keeping it from verifying if another TP is reached inside the candle;

Then I separated the icons by (1or2or3or4)*point*IconDistance, in order to make them clear, and not overlayed on each other.

Now I leave it to you guys, to tell if it's worth it, and what do you think

There's only the adding ATR for SL/TP question left unsolved...
ronmatzkin, where are you? Have you been able to take a look at it?
You haven't got the time, or is it too hard?
Hi, it is never to hard, it is just a matter of time - which I do not have right now
I will get to it once I have the time, please just change the name of the indicator and the version so I can continue my developments in my version line... sorry for the bother but I need to keep track of my own versions.
  • #1,854
  • Jul 15, 2008 12:26am Jul 15, 2008 12:26am
Quoting tonirai
OK, big breakthrough (at least for me)

I've been giving a try in the last 2 hours, trying to figure out what I had to change or add to the code, in order to make it have the multiple TP in one candle... and what about that? I did it!

In the If we are currently in "buy mode" and If we are currently in "sell mode" sections, I had to remove all the else separating the if - this was keeping it from verifying if another TP is reached inside the candle;

Then I separated the icons by (1or2or3or4)*point*IconDistance, in order to make them clear, and not overlayed on each other.

Now I leave it to you guys, to tell if it's worth it, and what do you think

There's only the adding ATR for SL/TP question left unsolved...
ronmatzkin, where are you? Have you been able to take a look at it?
You haven't got the time, or is it too hard?
Hi Toniari, I will integrate some of your changes to my version 1.6 and send you the result.
I will merge the following:
1. 24 periods ATR insted of a 100 ATR.
2. Multiple TP in one candle just in a different way - the most profitable TP will be displayed. In your version you will see one TP signal over the other.
  • #1,855
  • Jul 15, 2008 12:42am Jul 15, 2008 12:42am
Attached version 1.6 - here are the changes:
1. Adding multiple TP in one candle.
2. Fixed moving SL when TP was reached when using ATR levels as SL and TP.

Attached File(s)
File Type: mq4 EMA_25_Indicator.mq4   26 KB | 481 downloads


please review and comment (Hopefully iwill have a quite day today so take advantage of it )
  • #1,856
  • Edited 1:29am Jul 15, 2008 1:10am | Edited 1:29am
Quoting ronmatzkin
Attached version 1.6 - here are the changes:
1. Adding multiple TP in one candle.
2. Fixed moving SL when TP was reached when using ATR levels as SL and TP.

Attachment

please review and comment (Hopefully iwill have a quite day today so take advantage of it )
Thank you very much for your coding.

Even without counting you can see how the ATR thing works... almost no loss, ok, but TP are very very narrow... I'm not sure this is going to be more profitable than the fixed version. Moreover we can't count manually the atr thing since every profit/loss is different from the other
  • #1,857
  • Jul 15, 2008 2:49am Jul 15, 2008 2:49am
Quoting Corre
Thank you very much for your coding.

Even without counting you can see how the ATR thing works... almost no loss, ok, but TP are very very narrow... I'm not sure this is going to be more profitable than the fixed version. Moreover we can't count manually the atr thing since every profit/loss is different from the other
Yes, you are right. But this version allows you to use fixed or ATR SL and TP, the ATR multiplier nad other options so you can test it.
I hope to have the time to write an EA finally and then it will be easier...
  • #1,858
  • Jul 15, 2008 3:49am Jul 15, 2008 3:49am
I started counting somewhere with my charts and the ATR sys. In my opinion there's something wrong with this idea (the indicator works perfectly)

The point is that a loss is far far far more difficoult to save than before. A loss here would mean about a -120 pips (let's assume 30 atr). To have a gain of 120 pips with this system we need to reach at least the 3rd profit...

The profit/pips calculator here would be great . Just by nose it's hard to tell if this way is going to be more profitable than the other.

Anyway now I'll start counting the results from Jan to today with the fixed SL_TP and the 1.6 Indicator
  • #1,859
  • Edited 4:19am Jul 15, 2008 4:05am | Edited 4:19am
1.6 Indicator SL_TP/4=50 fixed

02/01/2008-> Today

USD/JPY H1

L 36
1 49
2 28
3 7
4 13

Tot= +11550 pips (slightly better)
  • #1,860
  • Jul 15, 2008 4:18am Jul 15, 2008 4:18am
same dates same rules

EUR/USD

L 42
1 39
2 25
3 8
4 18

Tot: +11750 pips(little worse here...)
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