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EMA 25-50 Trading System (Detailed)

  • #2,041
  • Aug 5, 2008 4:18am Aug 5, 2008 4:18am
Hi all,

I have been having trouble with some of the indicators as well but I have been using the plain EMA 25 Indicator (H1) with SL set at 30 and profits set at 45 and 90. The RSI is the 50 setting. This has been giving great results even though there are a few inconsistancy's in the number of trades the alert box indicates compared to what is on the chart. They are not big problems and I am currently using only UJ, EJ and GU to trade the method as these gave the best results. I am demo until I get used to the platform and will use my live account (different platform) very shortly. I have used a number of methods and this seems to have the goods. I think we need to be careful of not trying to fiddle the system too much as in its basic form it seems to deliver. Remember the KISS principle.
Well done and thanks to those who have put so much effort into developing this system.
  • #2,042
  • Aug 5, 2008 4:22am Aug 5, 2008 4:22am
you use just RSI and 25ema as input? no macd no stochastich h4?

I agree anyway that with SL little larger of ATR (as 1.3-1.4 = 30 pips about) we can have many loss less but 45 TP1 is about 2ATR, very large.

and again the spread between the 2 ema of this system (12-24) is another strong confirmation of trend as the Stoch H4 too...

anyway I'll test results with your system too.
  • #2,043
  • Aug 5, 2008 5:10am Aug 5, 2008 5:10am
I use the MACD inputs that were built into that basic system. It does not use Stoch. at all. I also adjust the SL slightly depending on s/r levels.
  • #2,044
  • Aug 5, 2008 8:26am Aug 5, 2008 8:26am
Quoting Verto
I've been forward testing and on all pairs besides usd/chf and gpb/usd i get 2008.08.05 00:07:26 EMA_25_EA_beta3 EURUSD,H1: Error opening SELL order : invalid trade volume
or
2008.08.05 00:09:05 EMA_25_EA_beta3 EURJPY,H1: Error opening SELL order : invalid stops
or even the
2008.08.05 00:09:03 EMA_25_EA_beta3 USDJPY,H1: Error opening SELL order : invalid price

I'm not a coder.. and probarly never will be but it seems like its a bit of a code issue. For ref. it is like that for Buy orders as well not just Sell.
replying using my mobile...

Verto, can you check your setting for the "LotsDecimalAllowed" input? does your broker allow micro lots (0.01)? I'm guessing no. if your broker allows only as low as mini lots (0.1) then you have to set that "LotsDecimalAllowed" field to "1" instead of the default "2". also be sure to change the "MinLots" value to "0.1" instead of the default "0.01".

That should solve the invalid trade volume issue. I've explained this in my first EA post when i described the settings briefly. perhaps next time I'll post a link to it on future EA posts, so that you guys won't have to flip back. till then, PM me or post here if you have any other problems.

regards,
Zen
Programming for a better future.
  • #2,045
  • Aug 5, 2008 8:52am Aug 5, 2008 8:52am
Quoting Zen_Leow
replying using my mobile...

Verto, can you check your setting for the "LotsDecimalAllowed" input? does your broker allow micro lots (0.01)? I'm guessing no. if your broker allows only as low as mini lots (0.1) then you have to set that "LotsDecimalAllowed" field to "1" instead of the default "2". also be sure to change the "MinLots" value to "0.1" instead of the default "0.01".

That should solve the invalid trade volume issue. I've explained this in my first EA post when i described the settings briefly. perhaps next time I'll post a link to it on future EA posts, so that you guys won't have to flip back. till then, PM me or post here if you have any other problems.

regards,
Zen

Makes sense... I guess I wasn't paying to much attention... i changed the min lots already but wasn't sure about the decimal number. I was actually going to start changing it around today... thanks much Zen. Hope things are all well with you!
  • #2,046
  • Aug 5, 2008 12:30pm Aug 5, 2008 12:30pm
Quoting aajduk
Hi all,

I have been having trouble with some of the indicators as well but I have been using the plain EMA 25 Indicator (H1) with SL set at 30 and profits set at 45 and 90.
What do you mean by "plain EMA"? There was an EMA version 1.6 indicator developed by ronmatzik. Is this the one you are referring to? This, of course, is not an EA. As I understand that version of the indicator, the stop loss is built into the code. How did you manage to change the SL? How about opening 4 lots? Thanks for the response.
  • #2,047
  • Aug 5, 2008 1:25pm Aug 5, 2008 1:25pm
NOOOOOOOO FUXXXX!!!! i noticed that system has a repaint... it is in the Stochastic H4....

...

it "returns" to the past of max 4 hours and places orders back recounting SL_TP if stochastic keeps turning around the short/long signal... you know, when the 2 lines are very close.

FUCXXXXX this is going to be a very big miscalculation... I'm afraid we should work without stoch h4 or with something that doesn't repaint...

shit this system seemt to work very cool.
  • #2,048
  • Aug 5, 2008 5:27pm Aug 5, 2008 5:27pm
I'm not home to verify it.
I thought I had solved that issue... can you please tell me exactly what version of the indicator is it? (I have to verify and test its parameters).

That Stochastic was chosen specifically because it closes on every hour, with the corresponding 4H value (it doesn't wait to have a 4H close, it grabs the value of the 4H at the 1H close)... so with the last hour closed, and using i+1 (close of last hour), this shouldn't happen...
But I'll have to look it up better.
  • #2,049
  • Aug 5, 2008 7:50pm Aug 5, 2008 7:50pm
original from Farad

What do you mean by "plain EMA"? There was an EMA version 1.6 indicator developed by ronmatzik. Is this the one you are referring to? This, of course, is not an EA. As I understand that version of the indicator, the stop loss is built into the code. How did you manage to change the SL? How about opening 4 lots? Thanks for the response.


Hello Farad,

I downloaded EMA 25 Indicator that was attached to the thread on July 16. I know this is not an EA. I have not been able to get any of the EAs to work so I am using this indicator. When I bring up the indicator properties box it allows you to change TP and SL as well as some other options. When you then attach that to a chart it brings up an alert box that informs of the win loss ratio and number of pips won or lost from whichever date you have inputed. For example, the EU from the 1/7/08 has a win/loss ratio 53/19 with a profit of 1678 pips. Every time a target or condition is met, the alert brings it up. For me this is simplicity and as I said, it appears to work very well so I am going to keep on with it.
Obviously my knowledge of EAs and loading them is lacking as I cannot seem to get them to work.
Any input is appreciated.

Regards.
  • #2,050
  • Aug 5, 2008 7:56pm Aug 5, 2008 7:56pm
Sorry farad,

The 4 lots question I forgot. At this point I only open 2 lots with the first PT at 1.5 times risk and the second at 3 times risk. I will then adjust them slightly to account for s/r levels.
If I knew how to do the EA thing I would probably let the auto trade facility do its thing, but at this stage I am not that knowledgeable with MT4.

Regards.
  • #2,051
  • Aug 5, 2008 10:17pm Aug 5, 2008 10:17pm
Quoting tonirai
I'm not home to verify it.
I thought I had solved that issue... can you please tell me exactly what version of the indicator is it? (I have to verify and test its parameters).

That Stochastic was chosen specifically because it closes on every hour, with the corresponding 4H value (it doesn't wait to have a 4H close, it grabs the value of the 4H at the 1H close)... so with the last hour closed, and using i+1 (close of last hour), this shouldn't happen...
But I'll have to look it up better.
i'm using the configurable indicator.
please check that the data are locked hour per hour, it is too important.
  • #2,052
  • Aug 5, 2008 10:27pm Aug 5, 2008 10:27pm
Quoting aajduk
Sorry farad,

The 4 lots question I forgot. At this point I only open 2 lots with the first PT at 1.5 times risk and the second at 3 times risk. I will then adjust them slightly to account for s/r levels.
If I knew how to do the EA thing I would probably let the auto trade facility do its thing, but at this stage I am not that knowledgeable with MT4.

Regards.
Thanks for the information. I have been using an earlier version of the indicator. I will check the version you mentioned.
  • #2,053
  • Aug 5, 2008 11:50pm Aug 5, 2008 11:50pm
Quoting Corre
i'm using the configurable indicator.
please check that the data are locked hour per hour, it is too important.
OK, I'll be home in 3h and I'll start checking.
The configurable indicator (edited by Zen) is maybe the only I haven't open yet, I will check if something was changed in it's parameters.
If not, I'll have to test it longer, to see the reason.
  • #2,054
  • Aug 6, 2008 2:01am Aug 6, 2008 2:01am
Interesting observation.
Below is the entry signal for EMA 25 Indicator version 1.6. The only thing I have altered is that I use RSI at >50 for long and <50 for short. My SL and PT at this point are fixed but flexible as opposed to indicator based.
I have noticed that an entry that is based on a candle straddling the 25EMA seems to have a greater success rate. In other words if all the other criteria remain the same but the short entry requires the candle to open >ema25 and close<ema25 (opposite for long), the number of losses do not seem as great.
I cannot code (yet) so I can only manually back test which is very time consuming. Is there anyone who would like to put that condition into the formula so I can test it more comprehensively.
If someone can tell me how to attach a chart to this thread, I will show it. A picture is worth a thousand words.

Regards.




EMA_25_Indicator.mq4 V1.6 |
//| Copyright 2008, ARM |
//| |
//| The logic, as implemented in the indicator, is as follows: |
//| |
//| Long signal: |
//| 1. The price opens above the 25 (configurable) EMA |
//| 2. RSI14 is above or equal 60 |
//| 3. MACD 12,26,9 main is above the MACD signal line |
//| --> Buy as close as possible to the opening of the same candle |
//| |
//| Short signal: |
//| 1. The price opens below the 25 (configurable) EMA |
//| 2. RSI14 is below or equal 40 |
//| 3. MACD 12,26,9 main is below the MACD signal line |
//| --> Sell as close as possible to the opening of the same candle |
//|
  • #2,055
  • Aug 6, 2008 2:39am Aug 6, 2008 2:39am
Quoting Farad
Thanks for the information. I have been using an earlier version of the indicator. I will check the version you mentioned.
Be aware that version's (16/07) pip counter isn't right, so don't rely on it.

Edit:
Sorry, that day had 2 attachements of that version... the second one had improvements in counting, but still not exact.
  • #2,056
  • Aug 6, 2008 2:43am Aug 6, 2008 2:43am
Quoting aajduk
Interesting observation.
Below is the entry signal for EMA 25 Indicator version 1.6. The only thing I have altered is that I use RSI at >50 for long and <50 for short. My SL and PT at this point are fixed but flexible as opposed to indicator based.
I have noticed that an entry that is based on a candle straddling the 25EMA seems to have a greater success rate. In other words if all the other criteria remain the same but the short entry requires the candle to open >ema25 and close<ema25 (opposite for long), the number of losses do not seem as great.
I cannot code (yet) so I can only manually back test which is very time consuming. Is there anyone who would like to put that condition into the formula so I can test it more comprehensively.
If someone can tell me how to attach a chart to this thread, I will show it. A picture is worth a thousand words.

Regards.




EMA_25_Indicator.mq4 V1.6 |
//| Copyright 2008, ARM |
//| |
//| The logic, as implemented in the indicator, is as follows: |
//| |
//| Long signal: |
//| 1. The price opens above the 25 (configurable) EMA |
//| 2. RSI14 is above or equal 60 |
//| 3. MACD 12,26,9 main is above the MACD signal line |
//| --> Buy as close as possible to the opening of the same candle |
//| |
//| Short signal: |
//| 1. The price opens below the 25 (configurable) EMA |
//| 2. RSI14 is below or equal 40 |
//| 3. MACD 12,26,9 main is below the MACD signal line |
//| --> Sell as close as possible to the opening of the same candle |
//|
I can code it for you, and then PM it to you - you can then share with us your results.

Just by looking at 1 chart, I can tell you it will remove a lot of good trades (reaching several TP)... don't know what it will do to the majority of loosing trades.
  • #2,057
  • Aug 6, 2008 2:51am Aug 6, 2008 2:51am
i just download that EA in my demo account and until now it working well with EU tf 1hour.
keep it up!!
  • #2,058
  • Aug 6, 2008 2:59am Aug 6, 2008 2:59am
Quoting rover666
i just download that EA in my demo account and until now it working well with EU tf 1hour.
keep it up!!
could you please post the setting you are using on the EA
  • #2,059
  • Aug 6, 2008 3:03am Aug 6, 2008 3:03am
Thanks Tonirai,

If you can do that, I would appreciate it. You may well be correct in that with more thorough testing it might knock out too many good trades, but I am happy to spend a bit of time doing it and post results.
You were saying to Farad that the version of that indicator I am using had pip counter errors. Do you know to what extent.

Regards.
  • #2,060
  • Aug 6, 2008 3:20am Aug 6, 2008 3:20am
i never change anything from this beta EA, i download and install and it running well..
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