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Interesting GBP/USD MA Crossover system

  • #21
  • Feb 12, 2007 10:14pm Feb 12, 2007 10:14pm
Quoting aicccia
sure...I only expect 1-3 trades a week but I'll list them. The lastest entry would have been on feb 8th, 3:00 am ET, @ 1.9669.
Why not try wma 6-12 channel...
Attached Image
  • #22
  • Feb 12, 2007 11:46pm Feb 12, 2007 11:46pm
why even bother with the 72?
make your entry on the cross of the 48.....
Same Whore .... Different Dress
  • #23
  • Feb 12, 2007 11:56pm Feb 12, 2007 11:56pm
Quoting johnedoe
why even bother with the 72?
make your entry on the cross of the 48.....
well what would I do on the 16th of january then?
  • #24
  • Feb 13, 2007 10:18pm Feb 13, 2007 10:18pm
here is a EA that works with this strategy as the baseline strategy, but it includes a sophisticated spike detector and a stop loss min-system plus many other entry conditions to make it more precise. the EA as a whole is very complicated as a whole as you can see if you take a look at it but it's very logical in the sense of price action once you work it all out. It has 12 optimized parameters, and the whole EA should be re-optimized every weekend over the last 4 months. I'll post the best parameters here every Sunday. With the default parameters, which are the current ones for this week, with 10% invested each trade, it turns 200 into around 4600, with just a 7.9% max drawdown. You may think this must be curve fitting, but I've done that before and this is nothing like it. When you curve fit, you change the parameters so you get the highest balance, but the parameters don't make sense from a logical, price action point of view. These parameters make sense, which you'll see if you can figure out the EA, and these are not the only parameters that give me good results. When genetically optimizing, out of the 10,000 possibilities tried, 1/4 to 1/3 gave me over a 2000 profit from 200, and around 1/10, gave me a balance of over 3000. So even if these parameters were the best for the last 4 months, but not for this next week, they'll still work out very well.

I've posted a few systems before that therotically gave me very high profits, but this is the first time I've turned one into an EA. I also am not done with this EA and I'm improving it daily. The one big fault I have with this systems reliability is that all of this is based on just 16 trades. But they're long, logical trending trades so I think it's okay.

And I almost forgot, this EA and system use a custom indicator I call OSAMA that is just an Osma indicator turned into two ma lines, averaged out to the period you choose, so you can see if the general trend of the osma is up or down. It's an excellent indicator for momentum and that's what I use it for in my EA.
Attached File(s)
File Type: mq4 MoneyMaker01.mq4   9 KB | 1,338 downloads
File Type: mq4 OSMAMA.mq4   3 KB | 1,243 downloads
  • #25
  • Feb 13, 2007 11:04pm Feb 13, 2007 11:04pm
People will only pay attention when they see that %1000 - %1500 ROR.
How would you handle when news time causes the price to move up/down like crazy?
  • #26
  • Feb 13, 2007 11:10pm Feb 13, 2007 11:10pm
Quoting et_phonehome_2
People will only pay attention when they see that %1000 - %1500 ROR.
How would you handle when news time causes the price to move up/down like crazy?
I know...the spike detector tells the rest of the EA when there are large candles in certain spots, like when the ma's are crossing, and the EA doens't open or close trades.
  • #27
  • Feb 13, 2007 11:14pm Feb 13, 2007 11:14pm
Quoting et_phonehome_2
People will only pay attention when they see that %1000 - %1500 ROR.
How would you handle when news time causes the price to move up/down like crazy?
200 to 4600 is over 2000% ROR, so it's still a high performing system.
  • #28
  • Feb 13, 2007 11:49pm Feb 13, 2007 11:49pm
Quoting linuxtroll
Why not try wma 6-12 channel...
How to set up 6-12 wma channel on metatrader?

Is this the right way setting on first wma(pls see the pic)?
Attached Image
in
  • #29
  • Feb 13, 2007 11:54pm Feb 13, 2007 11:54pm
Quoting metto
How to set up 6-12 wma channel on metatrader?

Is this the right way setting on first wma(pls see the pic)?
yes but I would apply it to just close, but it probably doens't matter that much.
  • #30
  • Feb 14, 2007 12:00am Feb 14, 2007 12:00am
Quoting et_phonehome_2
People will only pay attention when they see that %1000 - %1500 ROR.
How would you handle when news time causes the price to move up/down like crazy?
also the EA only looks at the close of each candle, so it doesn't care what the candle does between it's open and close.
  • #31
  • Feb 14, 2007 2:04am Feb 14, 2007 2:04am
Quoting aicccia
sure...I only expect 1-3 trades a week but I'll list them. The lastest entry would have been on feb 8th, 3:00 am ET, @ 1.9669.
Close Trade #1
Febuary 14th, 3:00 AM ET @ 1.9512
P/L= +156 pips
  • #32
  • Edited 3:45am Feb 14, 2007 2:05am | Edited 3:45am
Open Trade #2
Febuary 14th, 3:00 AM ET
BUY @1.9512
  • #33
  • Feb 14, 2007 2:54pm Feb 14, 2007 2:54pm
Does this go on a H1 chart? And to see visually what it's doing, what needs to be placed on a chart -- the MAs from your first post? Anything else? Can you post a template? Thx.

Quoting aicccia
here is a EA that works with this strategy as the baseline strategy, but it includes a sophisticated spike detector and a stop loss min-system plus many other entry conditions to make it more precise. the EA as a whole is very complicated as a whole as you can see if you take a look at it but it's very logical in the sense of price action once you work it all out. It has 12 optimized parameters, and the whole EA should be re-optimized every weekend over the last 4 months. I'll post the best parameters here every Sunday. With the default parameters, which are the current ones for this week, with 10% invested each trade, it turns 200 into around 4600, with just a 7.9% max drawdown. You may think this must be curve fitting, but I've done that before and this is nothing like it. When you curve fit, you change the parameters so you get the highest balance, but the parameters don't make sense from a logical, price action point of view. These parameters make sense, which you'll see if you can figure out the EA, and these are not the only parameters that give me good results. When genetically optimizing, out of the 10,000 possibilities tried, 1/4 to 1/3 gave me over a 2000 profit from 200, and around 1/10, gave me a balance of over 3000. So even if these parameters were the best for the last 4 months, but not for this next week, they'll still work out very well.

I've posted a few systems before that therotically gave me very high profits, but this is the first time I've turned one into an EA. I also am not done with this EA and I'm improving it daily. The one big fault I have with this systems reliability is that all of this is based on just 16 trades. But they're long, logical trending trades so I think it's okay.

And I almost forgot, this EA and system use a custom indicator I call OSAMA that is just an Osma indicator turned into two ma lines, averaged out to the period you choose, so you can see if the general trend of the osma is up or down. It's an excellent indicator for momentum and that's what I use it for in my EA.
  • #34
  • Feb 14, 2007 3:15pm Feb 14, 2007 3:15pm
Sure, this is all on 1-Hour charts, GBP-USD.

1)Three MA lines.
a)Period 3, EMA
b)Period fastma(which right now is 44) EMA
c)Period slowma(which right now is 79) EMA

2)Three Osama Indictor windows. It's just the same indicator with each window having different settings.
a)First window-
Mafast:4(this means this ma line averages the last 4 osma bars)
Maslow:6(this means this ma line averages the last 6 osma bars)
Pandaslow:Currency Momentum(which right now is 43)
Pandafast:1
Pandasignal:Currency Momentum(which right now is 43)
b)Second window-
Mafast:4(this means this ma line averages the last 4 osma bars)
Maslow:6(this means this ma line averages the last 6 osma bars)
Pandaslow:trend momentum(which right now is 28)
Pandafast:1
Pandasignal:trend momentum(which right now is 28)

Mafast, Maslow and Pandafast will always always be the same for the first two osama indicators. The only things that change for these two windows are Pandaslow and Pandasignal, which will always be the same number. Then this is the third, final Osama window.

c)third window-
Mafast:6(this means this ma line averages the last 6 osma bars)
Maslow:8(this means this ma line averages the last 8 osma bars)
Pandaslow:slowma*3(which right now is 79, so your value would be 237)
Pandafast:currency momentum*3(which right now is 43 so your value would be 129)
Pandasignal:currency momentum*3(which right now is 43 so your value would be 129)

And again for the third window, the Mafast and Maslow values will always always be the same, only the Pandaslow, Pandafast, and Pandasignal lines will change week to week.
  • #35
  • Feb 14, 2007 3:18pm Feb 14, 2007 3:18pm
Here is an example of what it would look like.
Attached Image
  • #36
  • Feb 14, 2007 3:29pm Feb 14, 2007 3:29pm
Yes, mine looks same -- except for that blue line across the top. is that a trendline you drew or what? And how are you reading the OSAMAs?

I can see where you took the last trade, long at 1.9512 - the candle opened right above the MA there. Did the EA open the trade okay?

Quoting aicccia
Here is an example of what it would look like.
  • #37
  • Feb 14, 2007 3:36pm Feb 14, 2007 3:36pm
and what do you think about tomorrow???
  • #38
  • Feb 14, 2007 3:44pm Feb 14, 2007 3:44pm
Quoting BenQ
Yes, mine looks same -- except for that blue line across the top. is that a trendline you drew or what? And how are you reading the OSAMAs?

I can see where you took the last trade, long at 1.9512 - the candle opened right above the MA there. Did the EA open the trade okay?
yes the blue line across is a daily trend line. And the EA opened that trade, not me. lol, so yes it worked just fine this time.

What do you mean by how am I reading the osamas?
  • #39
  • Feb 14, 2007 3:47pm Feb 14, 2007 3:47pm
Quoting viking
and what do you think about tomorrow???
well the osama's are already showing the upward momentum drying up, and since we're right up against a strong daily trend line acting as resistance, and we have some GBP negative news coming out in 12 hours, I think we're headed down. But I have no idea how far.
  • #40
  • Feb 14, 2007 3:59pm Feb 14, 2007 3:59pm
Hi aicccia, thanks for sharing this EA, I will forward test on demo and will let you know results. I have a problem with the EA, it gives me a sound alert everytime the GBPUSD moves a pip! It is definately the EA since the sound alerts stop if I take it off. Any thoughts?
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