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Traffic Light System 378 replies

With a little help from our Expert Adviser friends ... - Paulus 10 replies

Paulus System's 8 replies

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Paulus - Traffic lights

  • #61
  • Sep 6, 2008 11:22pm Sep 6, 2008 11:22pm
Quoting Dibanos
Yes, you are right, basically the 14stoch in 5min is the same think like the 5stoch in 15 min, but in the real using the 14stoch in 5 min gives a better idea that a trade is coming because it is changing with the 5min candles. If you see the “d” sell signal in the 5 min chart, the value of this 14 stoch in the two before candles is higher, and this is a good probability trade because it is going down; this is not possible to get in the 15 min chart. Also, not always the 5stoch in 15 min is so clear. By now, I think a combination of both stochs is better, but you know with more time and experience of using this strategy this idea could change.

The CCI8 and the normal CCI are the same think, only with the visual advantage of the blue and red bars of the CCI8. I believe if you compare the CCI of your actual broker chart and the metatrader normal CCI, both could be the same or very similar.

Best regards
Dibanos
Thx, dibanos,

I understand. But practically, I'm just trading expat method. Therefore, maybe in the future, I would integrate Traffic light into my trading style. As
I still more time for better entry.
Banker please return my pipins.
  • #62
  • Sep 9, 2008 11:45am Sep 9, 2008 11:45am
Quoting seamonkey
Is there a way the EA will just trade during the hours Paulus uses?
7.30am to 11am and 2.30pm to 5pm
What time zone?
  • #63
  • Sep 9, 2008 11:51am Sep 9, 2008 11:51am
Quoting Ronald Raygun
What time zone?
That's all that Paulus posted on it. Paulus can you clarify in GMT time. Or does anyone else know?
  • #64
  • Sep 9, 2008 1:06pm Sep 9, 2008 1:06pm
Quoting seamonkey
That's all that Paulus posted on it. Paulus can you clarify in GMT time. Or does anyone else know?
He's talking about London time - 1 hour later than GMT
  • #65
  • Sep 9, 2008 1:07pm Sep 9, 2008 1:07pm
Quoting Ronald Raygun
What time zone?
Paulus' most recent chart posting was an Alpari Chart (see the fine print at the bottom of the chart), and I believe Alpari's server is GMT +1. His trading times (7:30 - 11:00 AM) are marked right on that chart, so he must be using GMT +1

Cheers.
  • #66
  • Sep 9, 2008 3:35pm Sep 9, 2008 3:35pm
Thanks Ronald for programming this EA.

I am running it on a demo so far and it is doing fine.
A few trades lost, but more went positive.

Also tried meanwhile having any other trades on the same chart simultaneously, but the EA cleared all those trades within seconds of placing.
LOL, is like a jealous girlfriend.

BUT.....who needs more trades when this way it is SOOO easy to make 2x a trade with 10 pips profit a day???!!!
  • #67
  • Sep 10, 2008 10:07am Sep 10, 2008 10:07am
Quoting Freddyfx
Thanks Ronald for programming this EA.

I am running it on a demo so far and it is doing fine.
A few trades lost, but more went positive.

Also tried meanwhile having any other trades on the same chart simultaneously, but the EA cleared all those trades within seconds of placing.
LOL, is like a jealous girlfriend.

BUT.....who needs more trades when this way it is SOOO easy to make 2x a trade with 10 pips profit a day???!!!

How are you using the RR EA in the EachTickMode? true or false

Thank you
  • #68
  • Edited 2:01pm Sep 10, 2008 1:46pm | Edited 2:01pm
Using the RR EA, but it does not take the profit at 10 pips but also does not take the stoplost at 10 pips. The TakeProfit is set at 10 pips and also the StopLost is set at 10 pips. What I am doing wrong with the EA? Is it something related with the Slippage? Thank You

This was a buy at 1.4057 and this was a correct decision of the EA because the price got up until 1.4072 (15 pips) but it didn’t got the Take Profit. After that the price got down until 1.4037 and finally took the Stop Lost at 1.4042 (15 pips).


Best Regards
Attached Image
  • #69
  • Sep 10, 2008 3:20pm Sep 10, 2008 3:20pm
Quoting Dibanos
Using the RR EA, but it does not take the profit at 10 pips but also does not take the stoplost at 10 pips. The TakeProfit is set at 10 pips and also the StopLost is set at 10 pips. What I am doing wrong with the EA? Is it something related with the Slippage? Thank You

This was a buy at 1.4057 and this was a correct decision of the EA because the price got up until 1.4072 (15 pips) but it didn’t got the Take Profit. After that the price got down until 1.4037 and finally took the Stop Lost at 1.4042 (15 pips).


Best Regards
Did you set an invisible stop or a hard stop?
  • #70
  • Sep 10, 2008 4:19pm Sep 10, 2008 4:19pm
Quoting Ronald Raygun
Did you set an invisible stop or a hard stop?
Thank you very much for your answer.
No, I have not set any invisible stop or a hard stop. Even, do not know how to set one of those. How could I check if one of those is already set in my metatrader station and so giving me problems with your EA?

Best regards
  • #71
  • Sep 10, 2008 4:40pm Sep 10, 2008 4:40pm
Quoting Dibanos
Thank you very much for your answer.
No, I have not set any invisible stop or a hard stop. Even, do not know how to set one of those. How could I check if one of those is already set in my metatrader station and so giving me problems with your EA?

Best regards
Check the settings of my EA. There should be options for invisible/hard stops
  • #72
  • Sep 10, 2008 4:42pm Sep 10, 2008 4:42pm
Quoting Dibanos
Thank you very much for your answer.
No, I have not set any invisible stop or a hard stop. Even, do not know how to set one of those. How could I check if one of those is already set in my metatrader station and so giving me problems with your EA?

Best regards
Should we set it up as hard or invisible stop?
  • #73
  • Sep 10, 2008 5:54pm Sep 10, 2008 5:54pm
Quoting nomoretoxic
Should we set it up as hard or invisible stop?
Depends on your broker. Some brokers don't allow trades with stoplosses/takeprofits which are smaller than the spread, or less than or equal 10 pips.
  • #74
  • Sep 10, 2008 7:40pm Sep 10, 2008 7:40pm
Quoting vbro
Paulus' most recent chart posting was an Alpari Chart (see the fine print at the bottom of the chart), and I believe Alpari's server is GMT +1. His trading times (7:30 - 11:00 AM) are marked right on that chart, so he must be using GMT +1

Cheers.
Ronald, can you add a time option for this in your EA.
Thanks,

Ed
  • #75
  • Sep 10, 2008 8:14pm Sep 10, 2008 8:14pm
TRUE

Quoting Dibanos
How are you using the RR EA in the EachTickMode? true or false

Thank you
  • #76
  • Sep 10, 2008 8:25pm Sep 10, 2008 8:25pm
Ronald.

Not a good day so far with the EA, but I evaluate that as my lack of experience with setting this EA.

I have UseStopLos true and also InvisibelStopLoss mentioned as true
Don't know if that can be used this way, but this way it came OOTB.

A bit more explanation would be appreciated about the last 6 settings, as I have the feeling we can do more with this EA.

Maybe you can post a screenshot with a setting that should work the best.

Thanks for all your support and dedication.
  • #77
  • Sep 10, 2008 9:08pm Sep 10, 2008 9:08pm
Quoting Freddyfx
TRUE
Thank you Freddytx. One more question; In your trades the EA is taking the 10 pips stop loss and 10 pips target profit ? I do you this question because in my it is taking more than 10 pips for both. Some times 13, 15 or more.

Best regards
  • #78
  • Edited 11:51pm Sep 10, 2008 9:50pm | Edited 11:51pm
Updated with a time trading option.
Attached File(s)
File Type: mq4 Traffic Light.mq4   13 KB | 654 downloads
  • #79
  • Sep 10, 2008 10:13pm Sep 10, 2008 10:13pm
Quoting Ronald Raygun
Updated with a time trading option.
Thank you. You do good work, I really appreciate it
  • #80
  • Sep 10, 2008 10:18pm Sep 10, 2008 10:18pm
I am experiencing the same, but understand that it is being caused by the amount of slippage that we put. OOTB is comes with 5, so that explains the 15 at times. I tried reducing it, then the EA takes vacation and no trades LOL.

I have made a whole document with settings and explanations, but I miss lots of experience in this EA matter and asked Ronald to go thu it and make corrections for me. I think he will like what I did so far, and if it can be published, should take a lot of the questions away here.



Quoting Dibanos
Thank you Freddytx. One more question; In your trades the EA is taking the 10 pips stop loss and 10 pips target profit ? I do you this question because in my it is taking more than 10 pips for both. Some times 13, 15 or more.

Best regards
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