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Trend Finder Daily

  • #481
  • Jul 23, 2008 10:15am Jul 23, 2008 10:15am
Quoting trader8686
RR, I meant I have no doubt about your rule logics in your programming.
But all the trades were opened byond the rules given in this thread.
That surprised me, and it is Demo account, and it is a good surprise.
That's the problem...

How were the trades beyond the rules? Because for all I know, you got lucky.
  • #482
  • Jul 23, 2008 4:00pm Jul 23, 2008 4:00pm
new here; read thread; trying to determine how Aud/Cad gave a long signal today when AO and stoch histo are short; is it because these two indicators were long briefly at GMT open but now are heading into today's close short?

Is this a rule that you can wait up to 10 minutes after GMT open to determine indicators? Its not included on first page but read it in thread?

Thanks,
Steve
  • #483
  • Jul 23, 2008 6:29pm Jul 23, 2008 6:29pm
Quoting stevewide
new here; read thread; trying to determine how Aud/Cad gave a long signal today when AO and stoch histo are short; is it because these two indicators were long briefly at GMT open but now are heading into today's close short?

Is this a rule that you can wait up to 10 minutes after GMT open to determine indicators? Its not included on first page but read it in thread?

Thanks,
Steve
Hello,

This is correct. AUD/CAD was a valid long signal. Unfortunately, the indicators can change sometimes. This does not happen often, but it does happen.

There is really no set time limit for signals. It generally takes me 10 minutes or less to check through all of the pairs, that is why I said 10 minutes earlier in the thread.

Thanks,
Bull101
  • #484
  • Jul 23, 2008 7:01pm Jul 23, 2008 7:01pm
July 24th 2008

No new signals for today.
  • #485
  • Jul 23, 2008 9:31pm Jul 23, 2008 9:31pm
Bull 101
When do you get out of a position that was once valid? Do you just stay in until stop is hit or TP? I have 3 losing positions in the AUD/CAD. Are you still in it?
  • #486
  • Jul 24, 2008 1:18am Jul 24, 2008 1:18am
Quoting eagle47
Bull 101
When do you get out of a position that was once valid? Do you just stay in until stop is hit or TP? I have 3 losing positions in the AUD/CAD. Are you still in it?
Hello,

I will, under most circumstances, continue holding a position. My AUD/CAD was closed out at both lots -100 pips. At this point I would recommend you exit.

Bull101
  • #487
  • Jul 24, 2008 9:02am Jul 24, 2008 9:02am
Quoting Ronald Raygun
That's the problem...

How were the trades beyond the rules? Because for all I know, you got lucky.
Ron,

I manually closed every trade, and post it here for you.
I don't know how your EA opened all these trades, but they are good mistakes. Makes 16% of profit in one day.

Find out what is that, please?
Setting is in my previous posting, EA name is Trend Finder Daily SMAfilter.

All I did jsut open the ODL trade station upon market open everyday.
Attached File(s)
File Type: doc Statement.doc   58 KB | 386 downloads
  • #488
  • Jul 24, 2008 9:14am Jul 24, 2008 9:14am
Thanks bull, I also took -100 pip loss.

Bull101 Well, maybe + next time around. Many pips to you.
  • #489
  • Jul 24, 2008 9:15am Jul 24, 2008 9:15am
Quoting trader8686
Ron,

I manually closed every trade, and post it here for you.
I don't know how your EA opened all these trades, but they are good mistakes. Makes 16% of profit in one day.

Find out what is that, please?
Setting is in my previous posting, EA name is Trend Finder Daily SMAfilter.

All I did jsut open the ODL trade station upon market open everyday.
Ok, I don't really have an up-to-date chart on me at the momenet, but it looks like the trades were opened properly, and within the rules. Can you please show screenshots of where there were problems? If there is a recognizable pattern, we may end up modifying this system (With bull 101's permission of course).
  • #490
  • Jul 24, 2008 10:19am Jul 24, 2008 10:19am
Hi Bull,

Are you now trading the Daily system with 2 lots, the first with a TP of 50 pips and the second with a TP of 100 pips? When do you plan to implement an extra lot to run without TP until the AO shows a reversal signal?

Are you actively trading your 4 Hour system as well? Will there be any modifications to this system in the future? I am actually trading the 4 Hour as well with TP of 50 and 100 pips with a good hit rate and some nice profit.

Many thanks for these two systems!!

Alkis
  • #491
  • Jul 24, 2008 10:31am Jul 24, 2008 10:31am
Quoting Ronald Raygun
Ok, I don't really have an up-to-date chart on me at the momenet, but it looks like the trades were opened properly, and within the rules. Can you please show screenshots of where there were problems? If there is a recognizable pattern, we may end up modifying this system (With bull 101's permission of course).
My every chart is set up properly, and I have all ODL charts opened.
I make sure open my ODL trading station everyday at market open time.
If you open my statement, you will see all positions were opened at market open time, 00:00. So, I am going to post all pairs here for you, before I can do my own screenshot.

If you open my attached statement, you see that NZDUSD is a very good trade, so is GBPJPY. Why? We need to find out.
  • #492
  • Jul 24, 2008 10:55am Jul 24, 2008 10:55am
Quoting trader8686
My every chart is set up properly, and I have all ODL charts opened.
I make sure open my ODL trading station everyday at market open time.
If you open my statement, you will see all positions were opened at market open time, 00:00. So, I am going to post all pairs here for you, before I can do my own screenshot.

If you open my attached statement, you see that NZDUSD is a very good trade, so is GBPJPY. Why? We need to find out.
I say keep the EA running. We'll see if this was luck because of a news breakout, and check again if the EA will repeat this success. If it's consistently pulling 1k+ from the same lot size, we may just want to optimize for those pairs.
  • #493
  • Edited 12:05pm Jul 24, 2008 11:44am | Edited 12:05pm
Ron,

It is not by luck, I just figured it out:

When I tried to look at the 4H chart, I click on the 4H and the chart switched, then the EA checked on the 4H chart if it fits the requirement or not? If, yes, then open positions, so obviously TrendFinder Theory works much better for 4H chart. (anyone here with me?)

I am making money right away, again, with several positions opened.

And the way, EA opens positions, it does not look at the past few bars.
It only looks at the Current indicators bar (Stoch and AO) and 200SMA.

And it makes good money all the time, so you can close with few hundred pips and go. So, from open to close only take 15-20 min, I got 600 pips into my account.

What happened here: the TrendFinder works much better with 4H than 1D bar.

Ron, play it on your ODLstation, then find out by yourself! then share with us!

Look at the statement 07/24 positions. I am 22% profit in 2 days.
Attached File(s)
File Type: doc Statement.doc   71 KB | 461 downloads
  • #494
  • Jul 24, 2008 12:13pm Jul 24, 2008 12:13pm
Quoting trader8686
Ron,

It is not by luck, I just figured it out:

When I tried to look at the 4H chart, I click on the 4H and the chart switched, then the EA checked on the 4H chart if it fits the requirement or not? If, yes, then open positions, so obviously TrendFinder Theory works much better for 4H chart. (anyone here with me?)

I am making money right away, again, with several positions opened.

And the way, EA opens positions, it does not look at the past few bars.
It only looks at the Current indicators bar (Stoch and AO) and 200SMA.

And it makes good money all the time, so you can close with few hundred pips and go. So, from open to close only take 15-20 min, I got 600 pips into my account.

What happened here: the TrendFinder works much better with 4H than 1D bar.

Ron, play it on your ODLstation, then find out by yourself! then share with us!

Look at the statement 07/24 positions. I am 22% profit in 2 days.

Yes, the EA looks at the TF of the chart it's attached to.

Just so we're 100% sure, can you please run them in parallel? (1 Set of Daily and 1 set of 4H). And so you don't have to post continuous statements, I suggest you use www.sm-forex.com (I'm surprised that my EAs are still in the top 10, almost 4 months after I stopped sending data to that site).

Using the EA they provide, you can have your computer automatically upload trade data to that site.
  • #495
  • Jul 24, 2008 12:20pm Jul 24, 2008 12:20pm
trader8686

I am new to the thread here. Can you state what EA you're using and the link for the download? Much appreciated. Sounds like you're getting good results. Thanks in advance.

Many more pips to you....
  • #496
  • Jul 24, 2008 12:42pm Jul 24, 2008 12:42pm
Quoting eagle47
trader8686

I am new to the thread here. Can you state what EA you're using and the link for the download? Much appreciated. Sounds like you're getting good results. Thanks in advance.

Many more pips to you....
It is here on Message 250:

http://www.forexfactory.com/showthre...ed#post2074228
  • #497
  • Jul 24, 2008 12:50pm Jul 24, 2008 12:50pm
Thanks trader. Do you apply this to all pairs and also will this work on IBFX mt4 platform? Thanks again.
  • #498
  • Jul 24, 2008 1:27pm Jul 24, 2008 1:27pm
Quoting eagle47
Thanks trader. Do you apply this to all pairs and also will this work on IBFX mt4 platform? Thanks again.
I applied it to all pairs, but not use IBFX mt4. I use ODL mt4.
  • #499
  • Jul 24, 2008 1:30pm Jul 24, 2008 1:30pm
Trader8686

I placed the EA on all pairs. It took a trade a few minutes ago but only 1 position on AUD/CAD. Shouldn't it take 2 positions? Thanks for your help.
  • #500
  • Jul 24, 2008 1:40pm Jul 24, 2008 1:40pm
Ron,

Are you around?

I just saw a pair opened (sell NZD/CHF) market time 18:15 07/24 ODL platform. I believe it is 4H chart.

Can you help me to find out what rule it based on to open this position?
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