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5Min Intraday System

  • #401
  • Feb 14, 2007 10:45am Feb 14, 2007 10:45am
Hi,

slope at 0.20 is to less, min. 0.22.

and take every trade is not very profitable because sometimes trend change but signal give you wrong side.

cheers
Mobsie
  • #402
  • Feb 14, 2007 12:18pm Feb 14, 2007 12:18pm
Honestly, I don't believe the issue is with the slope adjustment. I believe the biggest issue I have seen is the angle of the two ema's when entering a trade. If the price is in the zone BUT the ema's are sloping from an upward move more times then not to expect another upward move is a problem. The best trade is when a trend is defined by way of the 50 SMA and the ema's are not too far away from the 50 SMA while the price retracts back to the zone. This usually happens with the beginning of a new 50 SMA trend set up. The later set-up fail more often as the retracements become closer to the 50 SMA and divergence rears it's ugly head and we start a new 5 minute trend by way of the EMA's crossing over or under the 50 SMA.

Like I said earlier I like this method. I used to use DMI as my trend indicator but it too had similar shortcomings. This business is not easy but needs a lot of trial and error to find a balance of pips needed vs. stops to find that balance. I have yet to find any method that works well enough to sit back and relax.

Still looking!


Quoting Mobsie
Hi,

slope at 0.20 is to less, min. 0.22.

and take every trade is not very profitable because sometimes trend change but signal give you wrong side.

cheers
Mobsie
  • #403
  • Feb 14, 2007 12:26pm Feb 14, 2007 12:26pm
I just noticed something interesting with Phils method that could be adopted. Ok we are switching gears totally here. Look at the 1 hour chart and notice what happens when the two ema's cross cleanly above or below the 50 SMA. Looks like we can get some real nice moves. One could even adopt the Vegas strategy to this and peel off some postions as you go.

Let's hear from you who want to backtest this crossover. Now don't close out any trafde where the ema's AND price has not cleanly crossed the 50 SMA.

Good testing!
  • #404
  • Feb 14, 2007 12:37pm Feb 14, 2007 12:37pm
Hi steinitz,

the angle has nothing to do with believe or not.
It is just a fakt that i see after many hours off testing and trying.
Phil also says better with this angle.

First try, then believe or not, thats my way to think about it.

And with my EA i have also the best results with this angle. But yes i can only speak for my and for my broker.

Best regards
Mobsie
  • #405
  • Feb 14, 2007 1:25pm Feb 14, 2007 1:25pm
Hello,

third test day for the EA. Today 10 trades, 8 win and 2 loses.
Play now with the right SL and TP Levels.

Cheers
Mobsie
Attached Image
  • #406
  • Feb 14, 2007 3:06pm Feb 14, 2007 3:06pm
The E.A. I downloaded does not come thru as the sign with an exclamation point in in. It is just a generic icon. How come?.

Jim
  • #407
  • Feb 14, 2007 3:17pm Feb 14, 2007 3:17pm
Mobsie,

The angle goes in to the indicator folder and the E.A. goes into the expert folder, right.

Jim
  • #408
  • Feb 14, 2007 3:28pm Feb 14, 2007 3:28pm
Hi,

sorry i forget. Yes the EA in the Expert folder and the smaangle in the Indicator Folder.

Put both to the chart, make the settings and start the Expert Advisor with the play button.

Cheers
Mobsie
  • #409
  • Feb 14, 2007 5:36pm Feb 14, 2007 5:36pm
Mobsie,

I loaded but it will not open any trades. Could you post complete in structions on how to.... also, why isnt the little robot icon in color.

Jim
  • #410
  • Feb 14, 2007 6:01pm Feb 14, 2007 6:01pm
If the EA is loaded onto the chart and have a happy face you must wait for it to open a trade. Maybe the EA don't have any signal to start a trade. Wait for the london session.
  • #411
  • Feb 15, 2007 12:45am Feb 15, 2007 12:45am
Hello,

Can you prevent the EA from entering the trade if distance in value between the 10 EMA and 21 EMA is less then 4 pips. I think this will filter out a couple of bad trades.
  • #412
  • Feb 15, 2007 5:29am Feb 15, 2007 5:29am
Hello Raptor1,

this is a great idea.

And for all the EA give you an Alert Message when trade is open. For this is the Alert option in the setup.

When you start the EA only must wait and see.

Cheers
Mobsie
  • #413
  • Feb 15, 2007 11:19am Feb 15, 2007 11:19am
Mobsie,

Thanks for the advice, I have it running on the 4 majors but am not having the success you are having. Do you have some settings for stops and take profits or are we still ironing that out. Also, why would you put in .22 for the angle when it should be 22 degrees. Considering the direction Meta 4 and the SMA angle you would have a different angle when going long than when going short. EXA: If 22 degrees going Short would turn into 348 degrees when going long. Or maybe you have that all figured out.

Raptor1 has a good idea, good job Raptor1

Thanks, Jim
  • #414
  • Feb 15, 2007 12:27pm Feb 15, 2007 12:27pm
Mobsie,

Thats not 348 degrees its 338 degrees.

Jim
  • #415
  • Feb 15, 2007 9:54pm Feb 15, 2007 9:54pm
Quoting Mobsie
Hello Raptor1,

this is a great idea.

And for all the EA give you an Alert Message when trade is open. For this is the Alert option in the setup.

When you start the EA only must wait and see.

Cheers
Mobsie
Mobsie,
Thanks for the EA. But, it is difficult for anybody to give full control of their live account into the hands of a program. So, I suggest the following additions to EA.

1. There should be an option in the EA just to give signals only and NOT to send orders to the broker.

2. To stop automatic trading if there are 'X' number of consecutive loosing trades or 'Y' percentage of losing trades out of total trades in the day.

For example, if there are five consecutive losing trades, stop trading. Or. if there is 30 percent losing trades out of total trades, stop trading.

3. Trading should stop if a percentage of the total equity is lost. 20% is reasonable

Also, all these numbers should be in the input list so that we can change those inputs.
I hope my points are good points.
Thanks again for the EA. I am trying it on a demo account. I am afraid to try it on live account.
-Chandra
  • #416
  • Feb 15, 2007 11:09pm Feb 15, 2007 11:09pm
Quoting Mobsie
Hello Raptor1,

this is a great idea.

And for all the EA give you an Alert Message when trade is open. For this is the Alert option in the setup.

When you start the EA only must wait and see.

Cheers
Mobsie
Mobsie,
I applied your EA on AUDNZD - 5 minute chart. The spread is 10 pips.
The set up in the EA was : Take Profit=14 and Stop Loss=15 (Both, your default settings).
But when I checked in my trde log (it was short trade), the Take Profit was only 4 pips and the Stop Loss was 25 pips. There seems to be an error incalculating the tp and sl for longs and for shorts.

1. Does the EA knows the spread for each pair?
Thanks.
-Chandra
  • #417
  • Feb 15, 2007 11:22pm Feb 15, 2007 11:22pm
Quoting Mobsie
Hello Raptor1,

this is a great idea.

And for all the EA give you an Alert Message when trade is open. For this is the Alert option in the setup.

When you start the EA only must wait and see.

Cheers
Mobsie
Mobsie,
Your EA is great! I have a few more suggessions.
In a donw trend, it should sell if:
1. First candle comes back up into 8SAM and 21EMA zone and the next two candle highs are inside that range.
OR
2. First candle comes back up into 8SMA and 21EMA zone and the High of 2nd candle is below 8SAM.
OR
3. First candle comes back up into 8SMA and 21EMA zone and the high of 2nd candle is within the range of 8SAM and 21 EMA and the high of 3rd candle is below the 8SMA.

How do you like it? Is it a good idea?
Thanks for your efforts.
-Chandra
  • #418
  • Feb 15, 2007 11:28pm Feb 15, 2007 11:28pm
Quoting Mobsie
Hello Raptor1,

this is a great idea.

And for all the EA give you an Alert Message when trade is open. For this is the Alert option in the setup.

When you start the EA only must wait and see.

Cheers
Mobsie
Mobsie,
It looks like the EA does not place the trade on the same candle where we get the dot from PhilNel Indicator.

Check AUDNZD 5-minute chart. PhilNel Indicator gave a dot on 2007-2-16, 04:25 GMT cahndle and the EA sold on 2007-02-12, 04:45 GMT candle.
Thanks.
-Chandra
  • #419
  • Feb 16, 2007 4:33am Feb 16, 2007 4:33am
Hello,

yes sometime the EA open an trade not so exact like PhilNelSignal Indicator.

I used the logic from Dariuske PhilNel Indicator.

Yesterday i send the source to Dariuske, maybe he find something what i do wrong.

I post my version off source here today.

Togehter i can be done better.

Cheers
Mobsie
  • #420
  • Feb 16, 2007 7:01am Feb 16, 2007 7:01am
Quoting Mobsie
Hello,

yes sometime the EA open an trade not so exact like PhilNelSignal Indicator.

I used the logic from Dariuske PhilNel Indicator.

Yesterday i send the source to Dariuske, maybe he find something what i do wrong.

I post my version off source here today.

Togehter i can be done better.

Cheers
Mobsie
Mobsie,
Thank you. I will try to read the code and try to give constructive suggessions. I am not a code writer. But I think I can read it and understand it.
By the way, I made a few suggessions last night. I send you several emails! It is all in here. Please look into those and see whether you can incorporate those ideas.
Thanks.
-Chandra.
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