The Pouria EA Development Thread | Page 13 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

The Pouria Method 564 replies

Lessons Learned during System Development 29 replies

(pouria method II on the test) 218 replies

System Development Secrets 5 replies

Metatrader 4 Development Course 3 replies

Attachments: The Pouria EA Development Thread
Exit Attachments

The Pouria EA Development Thread

  • #241
  • Feb 16, 2007 8:22am Feb 16, 2007 8:22am
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
What price did the EA drop you in a sell on? It looks like it was 2350. What's funny is that, the way I have my parameters set up, you would have almost reached your TP level when it hit 2335.

But you're right, it was a strange entry point. Which beta version are you using?
  • #242
  • Feb 16, 2007 9:08am Feb 16, 2007 9:08am
Hi Sundevil,

The order was: Sell 1.2349 and was not able to catch pullback to 1.2335 because hit SL @ 1.2369, almost immediatly. In addition, two candles after the order, we got a valid entry to "buy" which for me would represents the S/L and a reversal entry for this order.
What becomes weird is that is was an undoubtedly approach to a "buy" signal, 5 MA was heading north to cross, and MACD is in the same path ready to confirm the trade. I see not even a chance to interpret this scenario in a different way.
I cannot understand what could have made the program to trigger this order. btw I am using Pouria V-1.1

thanks
  • #243
  • Feb 16, 2007 9:10am Feb 16, 2007 9:10am
Quoting toti1972
Hi Sundevil,

The order was: Sell 1.2349 and was not able to catch pullback to 1.2335 because hit SL @ 1.2369, almost immediatly. In addition, two candles after the order, we got a valid entry to "buy" which for me would represents the S/L and a reversal entry for this order.
What becomes weird is that is was an undoubtedly approach to a "buy" signal, 5 MA was heading north to cross, and MACD is in the same path ready to confirm the trade. I see not even a chance to interpret this scenario in a different way.
I cannot understand what could have made the program to trigger this order. btw I am using Pouria V-1.1

thanks
Ahh, a couple of things. I have my SL set at -50 and have yet to have a bad trade. Obviously this is risky. Also, I'm using version beta3 and I know that there is now a version beta4. You may want to upgrade as the trade may have been triggered by a "bug" that he has now fixed.
  • #244
  • Feb 16, 2007 9:13am Feb 16, 2007 9:13am
Hey guys,

From the balance, Day 5 was a loser...I think this week I barely came above BE.

But I need to look at it and post it later. Please look at this thread over the weekend and make comments.

I am thinking that a higher SL is needed...but not sure.

I will not be able to post what I see until tomorrow morning..but will do so...I am traveling all day today.

Thanks,

BP
  • #245
  • Feb 16, 2007 9:32am Feb 16, 2007 9:32am
Quoting 1Sundevil
Ahh, a couple of things. I have my SL set at -50 and have yet to have a bad trade. Obviously this is risky. Also, I'm using version beta3 and I know that there is now a version beta4. You may want to upgrade as the trade may have been triggered by a "bug" that he has now fixed.
Upss, I must have skipped beta 3 and 4 release, that is weirder than the trade, cause I am the whole day checking for updates . Perhaps it was just posted during my sleepping time Can you please address me if you don't mind, to post where i could find them if you remember....
regarding your SL got a question here. Do you hold your trade opened even though you got a confirmed signal to place an order in opposite direccion?

Many thanks for your advice
  • #246
  • Feb 16, 2007 10:06am Feb 16, 2007 10:06am
My mistake, it looks like you are using the latest version. I missed the "V" and only saw the "1-1". Thought you were using the original version. I haven't switched over to the new version yet and am still using beta3.
  • #247
  • Feb 16, 2007 10:12am Feb 16, 2007 10:12am
Quoting 1Sundevil
My mistake, it looks like you are using the latest version. I missed the "V" and only saw the "1-1". Thought you were using the original version. I haven't switched over to the new version yet and am still using beta3.
i just was about to tell you that, I was looking through the trade I found out that you decided to keep using beta 3 because of your results, but latest version is v 1-1 , no problem, thanks anyway for taking the time to answer my posts...
Now we need to find out why that issue ( my first post) happened...

regards
  • #248
  • Feb 16, 2007 10:20am Feb 16, 2007 10:20am
Hello,

yes i got the same wrong trade.

Mobsie
  • #249
  • Edited 11:01am Feb 16, 2007 10:35am | Edited 11:01am
Quoting mikhaildgreat
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

I will give you what I do, but please don't trade on my method. It works for me and my style. I use the above "sexy back" indicator setup. I watch in 30 min chart. I use 15 min for pullback trades. I try to wait to sell or buy a pullback after 30 min gets above 80 or below 20 on the 5,3,3 .Then use 15 min for the entry and only make the trade when all the other stoch. are angling up or down and try to trade the 15 min 5,3,3 crossing usually the 20,10,20 in the right direction you are wanting to trade. Sometimes a pullback doesn't take the 30 min back to a 80 or 20. I then see if15 min did. Sometimes the pullbacks are quick but after you watch this part they are easy to spot. I only use the stoch. for ENTRY and use a MM to take profits, I trade serveral lots, or break down the lots into mini's so that you have several exits. My MM method is to have 10 exits to take profits from 25-100 pips. Anything over 100 pip run and I am flat. Remember I am waiting for the pullback before entering 1 st trade, then waiting for it to be either in the 80 or 20 range on the 30 min chart, then using 15 to get in the trade, then I use a 25 pip s/l and ride the wave till it dies or gets me 100 pips, it can take several hours I was in this last one for the last 11 hours see 1 st post time #232. Hope this helps some.

Also to help me learn the "sexy method" better he combines all 4 stoch. settings on 1 indicator. That is fine,and then I break all 4 into their own indicator under the main so you get the feel of what you are doing. Then brake them into two time frames 30 and 15. It might seem like a lot of indicators but that helped me get the feel of how good they are. In my opinion mastertering that and taking the trades after a pullback here will net you huge total pips. The last 2 GBP/USD trades both went close to 100 pips each. I am currently only trading GBP so cannot say anything about the rest of the pairs for sure. I am happy with it so don't care about any others at the moment.
  • #250
  • Feb 16, 2007 2:27pm Feb 16, 2007 2:27pm
Hello,

yes i got the same wrong trade.

Mobsie
  • #251
  • Edited 2:57pm Feb 16, 2007 2:41pm | Edited 2:57pm
Hello guys,

thats strange indeed toti, as for me I got buy trade for usdchf which hit TP and now im in a sell trade, using M30 timeframe. FXDD broker, what broker are you using? maybe price dipped on your platform because I see a long bear candle on your chart before becoming bullish...

-Mikhail
  • #252
  • Feb 16, 2007 2:55pm Feb 16, 2007 2:55pm
Quoting Forex1man
I will give you what I do, but please don't trade on my method. It works for me and my style. I use the above "sexy back" indicator setup. I watch in 30 min chart. I use 15 min for pullback trades. I try to wait to sell or buy a pullback after 30 min gets above 80 or below 20 on the 5,3,3 .Then use 15 min for the entry and only make the trade when all the other stoch. are angling up or down and try to trade the 15 min 5,3,3 crossing usually the 20,10,20 in the right direction you are wanting to trade. Sometimes a pullback doesn't take the 30 min back to a 80 or 20. I then see if15 min did. Sometimes the pullbacks are quick but after you watch this part they are easy to spot. I only use the stoch. for ENTRY and use a MM to take profits, I trade serveral lots, or break down the lots into mini's so that you have several exits. My MM method is to have 10 exits to take profits from 25-100 pips. Anything over 100 pip run and I am flat. Remember I am waiting for the pullback before entering 1 st trade, then waiting for it to be either in the 80 or 20 range on the 30 min chart, then using 15 to get in the trade, then I use a 25 pip s/l and ride the wave till it dies or gets me 100 pips, it can take several hours I was in this last one for the last 11 hours see 1 st post time #232. Hope this helps some.

Also to help me learn the "sexy method" better he combines all 4 stoch. settings on 1 indicator. That is fine,and then I break all 4 into their own indicator under the main so you get the feel of what you are doing. Then brake them into two time frames 30 and 15. It might seem like a lot of indicators but that helped me get the feel of how good they are. In my opinion mastertering that and taking the trades after a pullback here will net you huge total pips. The last 2 GBP/USD trades both went close to 100 pips each. I am currently only trading GBP so cannot say anything about the rest of the pairs for sure. I am happy with it so don't care about any others at the moment.
Hey thanks for your reply. I'm looking to use 30M timeframe for the pouria indicators. But I havnt decide which timeframe to employ the stochs. And maybe Ill focus on either EURUSD or GBPUSD, but EURUSD seems more favorable because of the low spread. So you just use 25 trailing stop and don't actually use the stochs for exit signal, will take a look at that as well.

hmm... maybe 3 entries one with ATR tp, other will be stoch exit, then 3rd with 25 trailing stop. LOL this is all still theory right now will have to do allot of eyeballing the chart and testing... I think this strategy is good enough for the automated championships, combined with a powerful MM like kelly this could make a monster EA.

LOL but its still all theory right now, will see how it fairs in the actual market, hopefully I finish building the first version over the weekend.

Thanks again for your reply,
Mikhail
  • #253
  • Feb 16, 2007 3:02pm Feb 16, 2007 3:02pm
Quoting rogerha
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.
rogerha was right in one point, I can see 5MA at exactly the same price than 75MA, and the candle before was bearish, so this makes it a valid entry only for one thing...It never gets the MACD cross confirmation which it is set to "true"
The point here is. what does the program define as MACD Filter, is it just that the MACD need to be on the right side of the trade? or the program needs to see a cross of 0 line to confirm entry?
If the answer is the 1st then it was a valid entry...
If the answer is the 2nd then it wasn't...
Even though this is a very particular situation, In my opinion the 2nd scenario would be the one to code. But I am not the programmer and I really have no idea if it is possible to do.
Mikhail you got the answer...
Thank you.
  • #254
  • Feb 16, 2007 3:10pm Feb 16, 2007 3:10pm
Right now the EA has me in three trades:

BUY: EUR/JPY @ 156.71 right now it's +12 with TP @ 156.86
SELL: USD/CHF @ 2341 right now it's -6 TP @ 2326
BUY: EUR/USD @ 3138 right now it's Even/-1 TP @ 3153
  • #255
  • Feb 16, 2007 3:15pm Feb 16, 2007 3:15pm
Hello I thought of a simple solution to solve the problem with false entries as what was experienced by toti. Hopefully this will solve the issue. Attached below is version 1.2 with simple fix to avoid entries like this in the future.

Regards,
Mikhail
Attached File(s)
File Type: mq4 Pouria EA V-1.2.mq4   20 KB | 495 downloads
  • #256
  • Feb 16, 2007 3:20pm Feb 16, 2007 3:20pm
yes because EA simply looks at the previous candle to see where the 5MA came from and since previous candle was slightly above 75 MA then went down so it made a sell entry. which we would really have not take if we were trading manually. What I did in this new version is that it looks 2 candles back to see where 5 MA came from, this trade would no longer be taken with the new version. Hopefully this will solve the issue...

-Mikhail

Quoting toti1972
rogerha was right in one point, I can see 5MA at exactly the same price than 75MA, and the candle before was bearish, so this makes it a valid entry only for one thing...It never gets the MACD cross confirmation which it is set to "true"
The point here is. what does the program define as MACD Filter, is it just that the MACD need to be on the right side of the trade? or the program needs to see a cross of 0 line to confirm entry?
If the answer is the 1st then it was a valid entry...
If the answer is the 2nd then it wasn't...
Even though this is a very particular situation, In my opinion the 2nd scenario would be the one to code. But I am not the programmer and I really have no idea if it is possible to do.
Mikhail you got the answer...
Thank you.
  • #257
  • Feb 16, 2007 3:30pm Feb 16, 2007 3:30pm
Quoting 1Sundevil
Right now the EA has me in three trades:

BUY: EUR/JPY @ 156.71 right now it's +12 with TP @ 156.86
SELL: USD/CHF @ 2341 right now it's -6 TP @ 2326
BUY: EUR/USD @ 3138 right now it's Even/-1 TP @ 3153
Closed out the EUR/JPY trade for +10. I didn't want to hold a winning trade through the weekend. Right now EUR/USD is +3, so I may close it as well before the bell. CHF is -4, so I'll hold it and take my chances.

So, 8 for 8, 121 pips and up 19.5% this week.
  • #258
  • Feb 16, 2007 3:53pm Feb 16, 2007 3:53pm
Hello,

yes i got the same wrong trade.

Mobsie
  • #259
  • Feb 16, 2007 9:56pm Feb 16, 2007 9:56pm
Quoting 1Sundevil
...
So, 8 for 8, 121 pips and up 19.5% this week.
What setting you use for TP & SL ?
my result was not good.
  • #260
  • Feb 16, 2007 10:05pm Feb 16, 2007 10:05pm
Quoting tnh_z
What setting you use for TP & SL ?
my result was not good.
Generally my TP is what the creator recommended, +15 to +20. My SL is set at -50.
1 trader viewing now