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

  • #2,121
  • Aug 7, 2008 6:09pm Aug 7, 2008 6:09pm
Toni,
The indicator is very very complicated, i have difficulty finding my entry to that and i dont have the time to learn to it.. so what ill do ill attached here my simpliest indicator using RSI14 , Stoch and thats it. You plot it in your chart and compare your entry to my entry. My entry are the big arrows the smaller arrows are my guide post.
Attached File(s)
File Type: mq4 1h-25Ema.mq4   4 KB | 487 downloads
  • #2,122
  • Aug 7, 2008 6:19pm Aug 7, 2008 6:19pm
OK, thanks.
It's past midnight here, and I'll work tomorrow and all weekend... so I may take some time to bring back some feedback.
But I will as soon as possible.
See you all soon,
Toni.
  • #2,123
  • Aug 7, 2008 6:21pm Aug 7, 2008 6:21pm
I like a lot the idea of the 2Rsi, the double check and the second has to be "more in trend" than the first.

cool.

but i would never drop the stoch h4. even if we don't get out of repaints...
  • #2,124
  • Aug 7, 2008 6:27pm Aug 7, 2008 6:27pm
Quoting tonirai
I haven't found a solution to the (rare) repainting issue, but I still trust higher stochastic... have to see that similar performance yours has
i agree, i won't drop the higher stochastic, but the repainting isn't rare... at the end of every trend in stochastic there's always a period of 8-12 hours where lines are very very very very tight... and there they play zig-zag for hours placing and withdrawing orders... in a word: repainting and this happens very often.
check it and you'll notice how tight they remain...

we have to admit with this stochastic pip counting is really misleaded...

can you consider (just for test and pip counting) the i+4 thing on stoch? just to count from january what's the difference between that and the i+1 version
  • #2,125
  • Aug 7, 2008 7:43pm Aug 7, 2008 7:43pm
Great work...I was originally only interested in manually trading this systems but you guys have won me over with your diligent work on this indicator...

I just applied the configurable indicator posted by tonirai and applied it on one hour...obviously it doesn't work when doing that (3 TPs within the 80 - something pips between the 2 red lines)

What do I need to change to make this indicator work on 1 hour (I'm just wanting to try on different time frames)?


Thanks,

Bernie
Attached Image
  • #2,126
  • Edited 10:04pm Aug 7, 2008 8:00pm | Edited 10:04pm
(this indicator is developed for H1 tf...)

anyway I really like the "direction" idea... for the Rsi for sure and perhaps for the stoch too... i'll try to do it by my bare hands and count some trades
  • #2,127
  • Aug 7, 2008 10:03pm Aug 7, 2008 10:03pm
Quoting Corre
(this indicator is developed for H1 tf...)
Huh? Then why are there 3 TPs (default 50pips) in a span of about 80 pips??
  • #2,128
  • Aug 8, 2008 4:06am Aug 8, 2008 4:06am
Quoting maybeme
Huh? Then why are there 3 TPs (default 50pips) in a span of about 80 pips??
Default is 50 pip, but is also Use_ATR=true, meaning it won't be using those pips, instead it uses ATR*1 (*1 is the default multiplier).
  • #2,129
  • Aug 8, 2008 4:12am Aug 8, 2008 4:12am
Quoting Corre
i agree, i won't drop the higher stochastic, but the repainting isn't rare... at the end of every trend in stochastic there's always a period of 8-12 hours where lines are very very very very tight... and there they play zig-zag for hours placing and withdrawing orders... in a word: repainting and this happens very often.
check it and you'll notice how tight they remain...

we have to admit with this stochastic pip counting is really misleaded...

can you consider (just for test and pip counting) the i+4 thing on stoch? just to count from january what's the difference between that and the i+1 version
I'm sure you can do it yourself (I'm at work), it's an easy change:
Open the file, search for the defining of the iCustom of Stochastic;
At the end of those 2 long lines, just change the i+1 to i+4, and then compile it.

Then run the counter
  • #2,130
  • Aug 8, 2008 7:37am Aug 8, 2008 7:37am
Quoting tonirai
Default is 50 pip, but is also Use_ATR=true, meaning it won't be using those pips, instead it uses ATR*1 (*1 is the default multiplier).
Thanks! I completely overlooked this setting!

Bernie
  • #2,131
  • Aug 8, 2008 2:49pm Aug 8, 2008 2:49pm
Quoting tonirai
I'm sure you can do it yourself (I'm at work), it's an easy change:
Open the file, search for the defining of the iCustom of Stochastic;
At the end of those 2 long lines, just change the i+1 to i+4, and then compile it.

Then run the counter
So, have you made the change and tested it?
Results? (remember to try with no MACD, RSI 50/50, higher multiplier, etc)
  • #2,132
  • Aug 8, 2008 3:04pm Aug 8, 2008 3:04pm
Quoting trader101
Toni,
The indicator is very very complicated, i have difficulty finding my entry to that and i dont have the time to learn to it.. so what ill do ill attached here my simpliest indicator using RSI14 , Stoch and thats it. You plot it in your chart and compare your entry to my entry. My entry are the big arrows the smaller arrows are my guide post.
Trader, one question:
How do you choose when to exit your trades?
Is it of your personal choice?
Or is it when you get an opposite entry sign (stop and reverse)?
  • #2,133
  • Aug 8, 2008 3:19pm Aug 8, 2008 3:19pm
Quoting tonirai
Trader, one question:
How do you choose when to exit your trades?
Is it of your personal choice?
Or is it when you get an opposite entry sign (stop and reverse)?
I have 4 tps:
My tps:
tp1 = MathMin(MathCeil( atr/Point*factor), 40);
tp2 = MathMin(MathCeil(2*atr/Point*factor), 80);
tp3 = MathMin(MathCeil(3*atr/Point*factor),120);
tp4 = 300;
My factors:
if (Symbol()=="EURUSD")factor = 2.1;
if (Symbol()=="GBPUSD")factor = 1.7;
if (Symbol()=="AUDUSD")factor = 2.3;
if (Symbol()=="NZDUSD")factor = 2.8;
if (Symbol()=="USDJPY")factor = 2.5;
if (Symbol()=="USDCAD")factor = 2.3;
if (Symbol()=="USDCHF")factor = 2.8;
if (Symbol()=="EURGBP")factor = 4.4;
if (Symbol()=="EURCHF")factor = 3.0;
if (Symbol()=="GBPCHF")factor = 1.3;
if (Symbol()=="GBPJPY")factor = 1.0;
if (Symbol()=="EURJPY")factor = 1.6;
if (Symbol()=="AUDJPY")factor = 1.8;
if (Symbol()=="NZDJPY")factor = 2.2;
if (Symbol()=="CHFJPY")factor = 2.6;

I moved by SL too every 40 pips

Unlike yours, i never reenter the trade in the same direction unless the original condition is attain. This week i have achieved 45% increase in my equity, very profitable week for the system. Not mention a lot of denied orders, delay entry and denied closing by the server. This has nothing to do with our sytem it is the brokers prerogative to screw us up. I calculated a total of 700 pips projected winnings were denied by the server. That you have to consider when trading live.
Thanks
  • #2,134
  • Aug 9, 2008 12:20am Aug 9, 2008 12:20am
Just to let you all know that I've finished coding it into our Indicator, I did like Corre said:
Removed H4 Stoch;
Introduced the two H1 Stochs.

The immediate findings show a drop in pip reached, by at least 20-25% (in EURUSD).

But I've found a problem in the counter, concerning stop & reverse situation - it wasn't counting it, and I can't seem to make it OK:

I can make it count right the normal stop & reverse situation (arrow after arrow), but haven't been able to in the other situation (when after a TP, we get an opposite arrow, instead of a stop loss cross).

Anyway, I've been thinking what results we would have if we eliminate the stop & reverse situation (always wait for a stop before having a new sign) - I think I'll test that too.

But I'll have to go slowly, because I'm working all weekend at my regular job.
See you soon,
Toni.
  • #2,135
  • Aug 9, 2008 4:35am Aug 9, 2008 4:35am
so the last version is the "trader101" indicator? is it correct?

we removed macd, we removed stoch h4 and used the double check of rsi and stoch h1

what about SL, TPs? we're using his method (and I like it a lot, the 4th lot far away from the third) or we're using ours?

can you attach trader101 indicator?
  • #2,136
  • Aug 9, 2008 6:32am Aug 9, 2008 6:32am
Quoting Corre
so the last version is the "trader101" indicator? is it correct?
No, last version (not released) is Ema_25_Indicator, under testing with one change he suggested (from his indicator).

Quoting Corre
we removed macd, we removed stoch h4 and used the double check of rsi and stoch h1
We only removed stoch H4.
MACD stays and the choice of using it up to the user;
Only one RSI (the one we already had), plus the two Stochs he has.
It seems to me that with these Stochs, we need MACD back in anyway (counts more pips with it).

Quoting Corre
what about SL, TPs? we're using his method (and I like it a lot, the 4th lot far away from the third) or we're using ours?
Nothing has changed about SL & TP management.
I suppose his method isn't even in his indicator (at least I don't see exit points, so didn't go check), must be in his EA (and maybe in upgraded version of his Indicator).

I won't go around and copying everything of other person's Indicator, everytime someone comes and presents a new system or new variation...
One thing is using some ideas to replace things that weren't working in ours... other is using everything - that's plagiarizing.

Quoting Corre
can you attach trader101 indicator?
Can't do it, I'm at work.
  • #2,137
  • Aug 9, 2008 6:57am Aug 9, 2008 6:57am
I think i am already hook up to this thread. I like it when people try to help each other and not those e-fight going on other thread. This at least is making trading fun.

Well to answer some questions; my indicator is completely independent of my EA. Although my indicator and my EA have the same trading logic. THe indicator was made to make me a a quick decision to intervene manually or not. If not then the EA will just blindly follow its rules of entry and tps.

Below is how i manage trade:
At +40 pips - I rise the SL to +5 also exit 1 lot
At +80 pips - raise SL to +40 exit 1 lot
At +120pips - raise SL to +80 exit 1 lot
at +160pips - raise SL to +120
at +200pips - raise SL to +160
at +250pips - raise SL to + 235
If it continues it completely tp at 300 pips
Hope this helps
T101
  • #2,138
  • Edited 7:54am Aug 9, 2008 7:41am | Edited 7:54am
Quoting tonirai
I won't go around and copying everything of other person's Indicator, everytime someone comes and presents a new system or new variation...
One thing is using some ideas to replace things that weren't working in ours... other is using everything - that's plagiarizing.
In my humble opinion I'm here to make money and his ideas seem cool, I'd really like to test them.

It's all here, just a matter of test. He's not inventing from scrap anyway he's adding variants to the indicator that is already developed from 50 pages, so it wouldn't be plagiarism it's just a brainstorm

I know you're a busy man and I really appreciate everything you do in this post because you work and you have much less free time than me, but I would really like to test an indicator like this:

rsi 50/50: I'd like to have the possibility to choose between the double check (trader101's thing) and the normal thing
Macd main 12/24 >/< 0
stoch h1 (t101's thing)
P >/< ema 24

and I'd also really like to test his SL system because the 4th lot thing is really good to me. and with a very large tp4 we can also TRY the "only 1 order per direction" thing

just for the sake of the tests obviously, I'm here to make the indicator as good as possible. Thank you all!

I'm very sorry not being able to code this myself else I had already done it
that's my limit here
  • #2,139
  • Aug 9, 2008 3:18pm Aug 9, 2008 3:18pm
Quoting Corre
In my humble opinion I'm here to make money and his ideas seem cool, I'd really like to test them.
Yes... but like he said, some day we'll have to start to demo trade it, orelse we'll never know the real potential of it...
Just watching arrows and TPs on a chart isn't enough

Quoting Corre
It's all here, just a matter of test. He's not inventing from scrap anyway he's adding variants to the indicator that is already developed from 50 pages, so it wouldn't be plagiarism it's just a brainstorm
Yeah... and what a brainstorm
It gets more and more complicate each time we want to make another change... our Indicator is 44 kb, trader's is 4 kb.
Meaning each time we want to add/modify something, we have to carefully think it over, then look at our code and be very carefull to change only what is suppose to be changed, without affecting all the rest.
In our Indicator, there's lots of things connected to each other, so changing one thing often means changing lots of things in lots of places!

Quoting Corre
I know you're a busy man and I really appreciate everything you do in this post because you work and you have much less free time than me
That's the case this weekend. Then, I'll have Monday, Tuesday, and part of Wednesday free.
For the record, I'm a Mechanical Engineer, working as Maintenance Engineer in a German Multinational that labours by 12h shift, 24/7. So I have rotating schedule.
You know, I was talking about this at work with a friend/collegue, telling that I wished I had 2 weeks of vacation now, to fully dedicate myself to this
Because it's hard doing something right, if you don't have consecutive hours free...

Quoting Corre
but I would really like to test an indicator like this:

rsi 50/50: I'd like to have the possibility to choose between the double check (trader101's thing) and the normal thing
Macd main 12/24 >/< 0
stoch h1 (t101's thing)
P >/< ema 24
What do you mean by double check?
Is it the two Stochs?
If it's that, I added it yesterday, it's attached, and their inputs are possible to edit in the options.
Be aware that the MACD still uses signal (haven't remember to change it), but I know you can change it, you've done it before
The counter has a logic error that I haven't been able to solve right now (found it yesterday), concerning counting stop & reverse situation, with and without TPs involved.
But because I'll try forbiding those situations to see the effects, I'll decide what to do after that.
And Trader's logic of entry point is "if the last candle was completely (openned & closed) above/bellow EMA", but I haven't coded that, that logic is still our original.

Quoting Corre
and I'd also really like to test his SL system because the 4th lot thing is really good to me. and with a very large tp4 we can also TRY the "only 1 order per direction" thing
For now, forget about that.
To change the TP logic would mean to completely re-invent our Indicator, very hard and time consuming...
Not saying it can't be done, but I haven't the time these days, maybe later
Attached File(s)
File Type: mq4 EMA_25_Indicator_Configurable_trader.mq4   45 KB | 377 downloads
  • #2,140
  • Aug 9, 2008 3:24pm Aug 9, 2008 3:24pm
For the record, don't misunderstand the reason why it happens that I make a change one day, and don't attach it immediately...
It's only because I always hope I'll have the time to do more tests with it (so I don't attach something with errors) and/or to do other changes in mind...
But finally, I never seem to have the time
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