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  • #221
  • Feb 15, 2007 9:41am Feb 15, 2007 9:41am
Quoting toti1972
The problem is that the EA icon shows in all timeframes, not just the one I attached to. does the EA work with the TF I am watching at any specific time?
so I understand if I want to try a different TF all I need to do is to switch the chart and the EA start working on the new one since it appears already attached. Am I correct?

Thanks
If you have the ea in a current time frame...lets say 1 hour, and then change that time frame to 30 min..or whatever...the ea will stay attached and work in it.

You would have to open up a completely different chart if you wanted it to work without the ea.

BP
  • #222
  • Feb 15, 2007 9:48am Feb 15, 2007 9:48am
Quoting 1Sundevil
My settings are the same as yours.

I just closed that "bad" trade for +5 pips.

updated totals are 7 trades, all positive, for +111 pips. My account has grown from $5,100 to $5,676, an increase of 11.3%.

I was close t o hitting my -50 SL (4 pips away), but luckily it came back. Had I not messed up the parameters it would have hit my +15 TP within 20 min after opening.
Sundevil,

I do not understand how our settings are the same. Over the last 24 hours, the only trade that Beta 3 put me in that had the GBPUSD were 2 shorts. They both got stopped out. Your trade sounds like it is a long with the GBPUSD. I have not had that trade for 24 hours...so that is why I am puzzled.

Please let me know if it was not a long....and if anyone else has the same results as me or sundevil, please post.

Thanks,

BP
  • #223
  • Feb 15, 2007 10:24am Feb 15, 2007 10:24am
Quoting BearPaw
Sundevil,

I do not understand how our settings are the same. Over the last 24 hours, the only trade that Beta 3 put me in that had the GBPUSD were 2 shorts. They both got stopped out. Your trade sounds like it is a long with the GBPUSD. I have not had that trade for 24 hours...so that is why I am puzzled.

Please let me know if it was not a long....and if anyone else has the same results as me or sundevil, please post.

Thanks,

BP
My last GBP/USD (+5) was a sell @ 9574, TP @ 9559 and SL @ 9624. I manually closed it @ 9569 for +5. It came close to my SL before heading back down again in my direction. Had I been more patient it would have hit my TP yet again.

One thing I was thinking. I believe that the EA is set up to only take a % of available margin. If you are in multiple trades you may miss out on some because of margin. Does that sound right?
  • #224
  • Feb 15, 2007 10:31am Feb 15, 2007 10:31am
Quoting 1Sundevil
My last GBP/USD (+5) was a sell @ 9574, TP @ 9559 and SL @ 9624. I manually closed it @ 9569 for +5. It came close to my SL before heading back down again in my direction. Had I been more patient it would have hit my TP yet again.

One thing I was thinking. I believe that the EA is set up to only take a % of available margin. If you are in multiple trades you may miss out on some because of margin. Does that sound right?
yup thats right. if you want to be more aggressive you can change the code. just replace the AccountFreeMargin() in the MM function of the code to AccountBalance() or AccountEquity()

-Mikhail
  • #225
  • Feb 15, 2007 10:41am Feb 15, 2007 10:41am
Quoting 1Sundevil
My last GBP/USD (+5) was a sell @ 9574, TP @ 9559 and SL @ 9624. I manually closed it @ 9569 for +5. It came close to my SL before heading back down again in my direction. Had I been more patient it would have hit my TP yet again.

One thing I was thinking. I believe that the EA is set up to only take a % of available margin. If you are in multiple trades you may miss out on some because of margin. Does that sound right?
Ok...so it was a sell....that helps me....I had two sells...one at 9560 and one at 9577....so that was probably it. Mine were stopped out...yours were not.

Good..thank makes sense to me...I was hitting my head on the wall trying to figure it out!!

So, I wonder if the higher stop loss is a good thing to do?

BP
  • #226
  • Feb 15, 2007 10:56am Feb 15, 2007 10:56am

hello all...


i doesnt mean to be rude but i got a couples of opinion here..
what i most like bout this thread is the philosophy of the originator...
to take small pips at one time...
thats need a lot of patience...
my strategy is get 10 pips every trade without waiting for long...
this method seems to fail to catch a movement in instant(i mean before sentiment are faden off the market)....
so im about to combine MR forexexpert philosophy with sidus method(which im not testing yet)...
i hope my post doesnt hurt anyone and i wanna thanks to MR forexexpert for his great piece of pholosophy...
see u all then...

"Analysis Is Hard But Trade Is Easy"
  • #227
  • Feb 15, 2007 11:04am Feb 15, 2007 11:04am
Quoting BearPaw
So, I wonder if the higher stop loss is a good thing to do?
BP
Well, if I had my TP set at +15, like I had intended when I upped the lots to 2.0, it would have never gone negative before hitting the TP.

Since I still had the TP set at +50, it almost hit my SL at -50.

The way I look at it now is that with the EA taking 2 lots it's like getting a 4 for 1 for every pip. Thus +15 in reality is like +60, if you're using 2.0 lots. Of course this changes the whole idea of the 5% rule for MM. But I'm ok with that so long as this system can continue to hit +15 or +20 consistently.
  • #228
  • Feb 15, 2007 3:22pm Feb 15, 2007 3:22pm
I've back tested these to be the "best" settings for EURUSD. Criteria for "best" is limiting the number of bad trades so that all trades can be at the same size lot.


M30 Timeframe
T/P = 15 pips (+3 pip spread) = 18 pips
Spread = 3 Pips
Stop = 21 pips (+3 pip spread) = 24 pips
Minimum 5 MA Cross = 11 pips

If someone else could run these numbers and confirm results or share better settings?
  • #229
  • Feb 15, 2007 3:25pm Feb 15, 2007 3:25pm
hi,

what version are you using? are these the optimized settings from strategy tester?

-Mikhail
Quoting Spudfyre
I've back tested these to be the "best" settings for EURUSD. Criteria for "best" is limiting the number of bad trades so that all trades can be at the same size lot.


M30 Timeframe
T/P = 15 pips (+3 pip spread) = 18 pips
Spread = 3 Pips
Stop = 21 pips (+3 pip spread) = 24 pips
Minimum 5 MA Cross = 11 pips

If someone else could run these numbers and confirm results or share better settings?
  • #230
  • Feb 15, 2007 4:42pm Feb 15, 2007 4:42pm
Quoting Se[V]eN

hello all...


i doesnt mean to be rude but i got a couples of opinion here..
what i most like bout this thread is the philosophy of the originator...
to take small pips at one time...
thats need a lot of patience...
my strategy is get 10 pips every trade without waiting for long...
this method seems to fail to catch a movement in instant(i mean before sentiment are faden off the market)....
so im about to combine MR forexexpert philosophy with sidus method(which im not testing yet)...
i hope my post doesnt hurt anyone and i wanna thanks to MR forexexpert for his great piece of pholosophy...
see u all then...

Hi,

Thanks for your post. your post actually got me thinking because you are right, The EA right now is not to efficient is scalping. we usually see a pullback before price goes to the favorable direction of our trade. that is why some have found better luck with putting higher stoploss, but this also means higher risk... So with that in mind the best entry should not be on the cross but instead on the pullback of the already established trend.

Im thinking of using RSI or stochastic as a trigger to get us in the pullback, this way we can enter those long trends everytime it retrace, unlike right now where we are just waiting for the cross when the market is clearly trending...

I will have to eyeball the chart to find the best indicator... if you guys have can suggest a good indicator that would get us in the trade during pullbacks of trends pls don't hesitate to post.

Regards,
Mikhail
  • #231
  • Feb 15, 2007 5:39pm Feb 15, 2007 5:39pm
Quoting mikhaildgreat
Hi,

Thanks for your post. your post actually got me thinking because you are right, The EA right now is not to efficient is scalping. we usually see a pullback before price goes to the favorable direction of our trade. that is why some have found better luck with putting higher stoploss, but this also means higher risk... So with that in mind the best entry should not be on the cross but instead on the pullback of the already established trend.

Im thinking of using RSI or stochastic as a trigger to get us in the pullback, this way we can enter those long trends everytime it retrace, unlike right now where we are just waiting for the cross when the market is clearly trending...

I will have to eyeball the chart to find the best indicator... if you guys have can suggest a good indicator that would get us in the trade during pullbacks of trends pls don't hesitate to post.

Regards,
Mikhail
Mikhail, I think that is a great idea, because sometimes if you miss out on the longer term trend which may well go for 100 + pips, (just look at recent USD/JPY move).. so if you can enter a trade on the pullback to catch this trend, that would be fantastic, but I don't have any ideas at the moment on how to do this...
  • #232
  • Edited 7:51pm Feb 15, 2007 7:35pm | Edited 7:51pm
Pullbacks are my main method of trading. I use stochiastics for the timing. There is a thread here called bringin sexy back - stochastics by boxingis life. He basically uses four differnent periods of stoch all in one indicator with the shorest period being the signal ones and the rest showing trade direction. It got me in the this GBP/USD short trade on the 4th 15 min bar after the major pullback bar so I am short after the pullback 1.9560 for the long haul. Looking for pullbacks entrances I drop down a timeframe.I still took 15 pips heat on trade before getting up over 50 pips while ago. At this point you still need MM for the trade. But never need to risk over 20 pips for the pullback. I have been trading like this for sometime way before this thread and even the other thread. Only thing the stochiastic thread gave me the best thing so far I found for pullbackks. I am sure that it could be coded also, although I am not a programmer. I get paid to trade is my moto. This method has been working extremely well for me combined with this thread. If this muddy's up the water here, please forget all this my only intention was to give my 2 cents. I also have some other great software I pay money for that I like and use for pullbacks.
  • #233
  • Edited 8:35pm Feb 15, 2007 8:34pm | Edited 8:35pm
Mikhail, et al.

I have been looking at the visual mode of Strategy tester backtesting the EA with the EURUSD pair and have observed some things which seem obvious to me. If I am wrong about this, please let me know. The observations/suggestions are as follows:

  1. Once a trade is entered… if MACD continues to increase positive or negative by a certain amount or percentage, scale in a 2nd or 3rd trade in the same size lot or by increased amounts, such as Martingale doubling. This could also be done to scale out of the trade as the MACD reverses from your entries. This might ensure that we capture more profit on the trending crosses.
  2. There would have to be a drop dead point of reversal to get out of the trade(s) when the MACD reverses by a (x) amount.
  3. Another alternative, but probably not as good as MACD would be to measure the MA separation distance (MinCrossDistance) between the 75 or 85 MA’s and the 5 MA and when it reaches (x) pips enter positions as above.
  4. From my observation based on the visual mode of the Strategy Backtester, a more obvious way to exit is to stay in the trade until the value of the MACD begins to reverse or has a reversal over (x) number of periods, rather than with a fixed TP. If it is over a (x) number of periods this allows for some minor retracement. Or what you could do is take the first TP whatever it may be set to and then (re)enter increased positions based on the parameters of #1 or #3 above and then exit as suggested.

Mikhail. could you program some options like this into the EA and I would be more than happy to test it. This looks like a great system and with continued tweaking will reap the pips, I believe.

1Trader2

  • #234
  • Feb 15, 2007 10:31pm Feb 15, 2007 10:31pm
Quoting Forex1man
Pullbacks are my main method of trading. I use stochiastics for the timing. There is a thread here called bringin sexy back - stochastics by boxingis life. He basically uses four differnent periods of stoch all in one indicator with the shorest period being the signal ones and the rest showing trade direction. It got me in the this GBP/USD short trade on the 4th 15 min bar after the major pullback bar so I am short after the pullback 1.9560 for the long haul. Looking for pullbacks entrances I drop down a timeframe.I still took 15 pips heat on trade before getting up over 50 pips while ago. At this point you still need MM for the trade. But never need to risk over 20 pips for the pullback. I have been trading like this for sometime way before this thread and even the other thread. Only thing the stochiastic thread gave me the best thing so far I found for pullbackks. I am sure that it could be coded also, although I am not a programmer. I get paid to trade is my moto. This method has been working extremely well for me combined with this thread. If this muddy's up the water here, please forget all this my only intention was to give my 2 cents. I also have some other great software I pay money for that I like and use for pullbacks.
yes Ive looked in that thread and its very good, bringing sexy back is one of those strategies that is very difficult to automate because it involves alot on traders discretion but the strategy is very good. That thread is also what got me thinking about trading the retracement.

Yes, I believe signals from MAs at a lower timeframe or stochastics might just do the trick. But if you think of something that my work don't hesitate to post.

thanks for the great post,
Mikhail
  • #235
  • Feb 15, 2007 10:40pm Feb 15, 2007 10:40pm
Quoting 1trader2
Mikhail, et al.

  1. There would have to be a drop dead point of reversal to get out of the trade(s) when the MACD reverses by a (x) amount.

1Trader2

Hi good suggestions, but what do you mean when you say "MACD reverses"? does it have to cross the zero line for it to be considered a reversal? or are we simply looking at MACD slope?

the way I understand it is that you are simply looking at the value of the MACD and when it starts to drop(during a buy bosition for example) you consider it a reversal? is that correct? this requires some sort of trailing stop based on the MACD value alone...

Thank you for your suggestion can you please elaborate more on this?

regards,
Mikhail
  • #236
  • Feb 16, 2007 2:32am Feb 16, 2007 2:32am
See my post #232 7 hrs ago and now up 80 pips on this trade. It has had 4 pullbacks since it started, you are spending all your time trying to optimize the holygrail of a trading plan that will never happen. This methods is a great concept for finding long term trades of 40 -100 pips. You will never make money trading forex by taking 10 and 20 pip profits. Trade1-2 pairs learn them,how they work with this concept and find you a money management that works for your style and use a pullback concept and you will be on the road to being an expert forex trader. Good luck.....
  • #237
  • Feb 16, 2007 3:00am Feb 16, 2007 3:00am
Quoting Forex1man
See my post #232 7 hrs ago and now up 80 pips on this trade. It has had 4 pullbacks since it started, you are spending all your time trying to optimize the holygrail of a trading plan that will never happen. This methods is a great concept for finding long term trades of 40 -100 pips. You will never make money trading forex by taking 10 and 20 pip profits. Trade1-2 pairs learn them,how they work with this concept and find you a money management that works for your style and use a pullback concept and you will be on the road to being an expert forex trader. Good luck.....
LOL. good for you my friend i completely agree. Im planing to make a new EA sexy pauria, pouria MAs and MACD to identify the trend then use stochastic 5,3,3 as my trigger. I got a question though, what timeframe are you using for "sexy back" and do you exit only when the stochs cross again?

thanks,
Mikhail
  • #238
  • Feb 16, 2007 7:01am Feb 16, 2007 7:01am
good morning to all,

This was not a valid entry...If it had been an buy, we could say it was too early and still unconfirmed...but the worst thing is that it was actually a "SELL" , not even close...
Anybody else got this one?
thanks
Attached Image
  • #239
  • Feb 16, 2007 8:01am Feb 16, 2007 8:01am
Quoting toti1972
good morning to all,

This was not a valid entry...If it had been an buy, we could say it was too early and still unconfirmed...but the worst thing is that it was actually a "SELL" , not even close...
Anybody else got this one?
thanks
Actually looking a little closely (speculating without the actual data), did the 5MA briefly go above the lower of the two longer term MA's and then back below it again ? Then if it did, that would be valid.
  • #240
  • Feb 16, 2007 8:02am Feb 16, 2007 8:02am
Quoting mikhaildgreat
Hi good suggestions, but what do you mean when you say "MACD reverses"? does it have to cross the zero line for it to be considered a reversal? or are we simply looking at MACD slope?

the way I understand it is that you are simply looking at the value of the MACD and when it starts to drop(during a buy bosition for example) you consider it a reversal? is that correct? this requires some sort of trailing stop based on the MACD value alone...

Thank you for your suggestion can you please elaborate more on this?

regards,
Mikhail
Mikhail,

Sorry about the confusion. By reversal, I am talking about the change in MACD slope. If the bar has a change in slope from its present trend, lets say increasing and the next bar is decreasing, this would signal an exit. You could let it change over more than one MACD bar. For example, let's say the trend is up over the last 7 histogram bars, and then it decreases the next bar, and then increases or stays the same over the next two bars...stay in the trade. Let's say that it has continuously increased over, six bars, and then decreases over two bars, exit the trade. You could also look at how far it decreased or increased from the previous, either as points or as a percentage of the previous bar(s), to determine how rapidly it is changing and then base an exit strategy on that. I hope that this makes this clearer. It is helpful to run Strategy Tester in visual mode to see how the MACD Histogram bars change in relation to price and MA movement to get a sense of how they relate to each other and the trend. Hope this helps.

1Trader2
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