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Traffic Light System 378 replies

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

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Paulus - Traffic lights

  • #81
  • Sep 10, 2008 10:19pm Sep 10, 2008 10:19pm
GREAT, but that I did not include yet in the document, you might want to add that for me, so we can help the whole community.

Quoting Ronald Raygun
Updated with a time trading option.
  • #82
  • Sep 10, 2008 10:37pm Sep 10, 2008 10:37pm
hmmm, I deleted the earlier EA and then the new one, restarted the platform, but I don't see any changes in the settings.

Did I miss anything?
  • #83
  • Sep 10, 2008 10:48pm Sep 10, 2008 10:48pm
Freddy, Looked the same to me, also.
Hej.
  • #84
  • Sep 10, 2008 11:52pm Sep 10, 2008 11:52pm
Reattached. For some reason it's fine for me.
Attached File(s)
File Type: mq4 Traffic Light.mq4   13 KB | 696 downloads
  • #85
  • Sep 11, 2008 2:41am Sep 11, 2008 2:41am
Freddyfx - I am not that familiar with EA's, so would love a copy of your document when it is finished, please. Thank you.
  • #86
  • Sep 11, 2008 7:06am Sep 11, 2008 7:06am
This time it works.

Guess the time settings use the ones from the broker platform, if so, then it is self explanatory.
I use it on IBFX, who by the way have changed their zero requirement spread on taking actions to 3, just like FXDD is using.

Makes a man wonder if these brokers also talk with each other behind our backs, LOL


Quoting Ronald Raygun
Reattached. For some reason it's fine for me.
  • #87
  • Sep 11, 2008 7:58am Sep 11, 2008 7:58am
Maybe I am biting myself too much into this EA usage.

So far is looks to me the EA would do better if all trades were simply the other way around. I have 2 setups on different demos.
The OOTB one and my own playing around setup basically end up giving the same results........losing most of the time.

When you evaluate some 2 days of testing to what the charts show, the EA seems to enter at the "right" moment, when the move is basically done with, leaving the profitable ones ONLY for the continuation of the move....and those moves do not happen that often.

I am interested to hear what other traders are experiencing.

PS:
Don't get me wrong, the EA is brilliant programming to me as a newbie, and would make me happier if I could simply reverse the trades it is taking now....just a thought.
In any case, I love this entering a trade and automatically setting me up for TP and SL, as I never trade with a SL and mostly sitting a trade out, which got me into MCs a couple of times, stupid me !!!
  • #88
  • Sep 11, 2008 8:12am Sep 11, 2008 8:12am
Quoting Freddyfx
Maybe I am biting myself too much into this EA usage.

So far is looks to me the EA would do better if all trades were simply the other way around. I have 2 setups on different demos.
The OOTB one and my own playing around setup basically end up giving the same results........losing most of the time.

When you evaluate some 2 days of testing to what the charts show, the EA seems to enter at the "right" moment, when the move is basically done with, leaving the profitable ones ONLY for the continuation of the move....and those moves do not happen that often.

I am interested to hear what other traders are experiencing.

PS:
Don't get me wrong, the EA is brilliant programming to me as a newbie, and would make me happier if I could simply reverse the trades it is taking now....just a thought.
In any case, I love this entering a trade and automatically setting me up for TP and SL, as I never trade with a SL and mostly sitting a trade out, which got me into MCs a couple of times, stupid me !!!

Freddy

What S/L TP/ are U using now??
  • #89
  • Sep 11, 2008 9:18am Sep 11, 2008 9:18am
Quoting Freddyfx
Maybe I am biting myself too much into this EA usage.

So far is looks to me the EA would do better if all trades were simply the other way around. I have 2 setups on different demos.
The OOTB one and my own playing around setup basically end up giving the same results........losing most of the time.

When you evaluate some 2 days of testing to what the charts show, the EA seems to enter at the "right" moment, when the move is basically done with, leaving the profitable ones ONLY for the continuation of the move....and those moves do not happen that often.

I am interested to hear what other traders are experiencing.

PS:
Don't get me wrong, the EA is brilliant programming to me as a newbie, and would make me happier if I could simply reverse the trades it is taking now....just a thought.
In any case, I love this entering a trade and automatically setting me up for TP and SL, as I never trade with a SL and mostly sitting a trade out, which got me into MCs a couple of times, stupid me !!!
For me this system is no good, it looses money.
  • #90
  • Sep 11, 2008 10:38am Sep 11, 2008 10:38am
Trading this system manually, for me, makes me money. Although there were 1 or 2 losers today.
  • #91
  • Sep 11, 2008 11:35am Sep 11, 2008 11:35am
OK guys, spent a few hrs last night on getting all the rules down for setting the EA.

Then sent them to Ronald to verify and add and complete the different settings and this morning I found the document back.

I am allowed to share it with you, which I do hereby.

Hope this helps many of you.

For me, the EA does not cut it, but that was not the purpose of getting the settings all explained. I learned again, thanks Ronald.
Attached File(s)
File Type: pdf Microsoft Word - SETTINGS for EA Traffic Light by Ronald Raygun.pdf   27 KB | 1,343 downloads
  • #92
  • Sep 12, 2008 1:58am Sep 12, 2008 1:58am
Hi Guys

Im glad you running with this I think is shows great promise its just a shame I cant run with you atm but I appreciate yoy guys and the work your doing Im so thankful to you all.

I am looking at the Heiken Ashi smoothed indicator to replace the CCI on the 5min..it gets you in 90% of the time at the same time as the CCI but on odd occasions gets you in earlier and is working quite well.I'm going to monitor it for a few week just to see the results I will attach the ind for those that don't have it.

If you look at my 5min chart for this morning you will see yellow arrows which are entries with the CCI and mauve arrows which are entries using the HA basically if the 15min is saying long wait for 1st long HA candle in my case Ive colored them blue.As you can see the 1st signal triggered earlier.In an ideal world you could then close when the HA turns red but not sure how this works long term yet..but worth a look i think.

Cheers and thanks again

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: ha.gif Size: 22 KB
Attached File(s)
File Type: mq4 Heiken_Ashi_Smoothed.mq4   4 KB | 634 downloads
  • #93
  • Sep 12, 2008 2:09am Sep 12, 2008 2:09am
Ok Guys just took another signal here if you look at the chart my HA went from blue to red on the 4th bar back from the last bar when the HA went blue I went long and got my 10 pips in around 3-4 mins.

If you look at the CCI 8 in the middle pane you will see it didn't trigger a signal and it stayed blue the whole time.

BTW my 15min gave me permission for the long.

I didn't take the 1st signal as I wasn't set up in time and I norm start at 7.30 the signal was at 7.25..how ever I took the last 2 and now have my 20pips and my day is over...nice !

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: ha 3rd sig.gif Size: 20 KB
  • #94
  • Sep 12, 2008 3:41am Sep 12, 2008 3:41am
Hey Paulus,

Are you just using standard settings for the HA Smoothed?

Thx.
  • #95
  • Sep 12, 2008 12:10pm Sep 12, 2008 12:10pm
yea


0132

cheers

Paulus
  • #96
  • Sep 15, 2008 1:53am Sep 15, 2008 1:53am
Good morning so far with the 20 pip tp and 10 pip sl gives me a better RR
will trade like this for a while see where it goes

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: good morning.gif Size: 20 KB
  • #97
  • Sep 17, 2008 1:47am Sep 17, 2008 1:47am
Hi

My chart for today so far atm the time is 07.40am in the uk

If you look at my chart you will see that the 20 pip tp 10 pip sl is working nicely.

I like the 2:1 RR I know I can have 2 losers with just a winner to even things up..also with my ' stop at 20 pips' rule one signal that wins when i start means my day is over early.

One thing has come to light though with the 20pip tp , if you look at the chart at A you will see a short signal before the 20pip tp is hit I get another signal if your money management can cope with it take this signal at B..you are now live 2 signals but the signal at A need only move a few pips now to hit its 20 tp

The reason I think its important to take if you can is that if you missed the signal at A you would of taken the signal at B ..its a valid signal its strength and % chance of hitting its TP is the same as A so why ignore it..thats emotional and dangerous in my opinion.

If your accounts money management wont allow you to take 2 signals consider funding your account with a few more $ or go down to a mini or micro contract to enable you to do it

The signal at C had to be reversed because the long signal came along before C had hit its TP.

Again its a valid signal the system is saying long ...why stay short - doesn't make sense isn't logical ..traffic lights ..... red stop green go that all you need to know

at time of posting thelast signal on the chart is up 12 pips ...

cheers

Paulus
Attached Image (click to enlarge)
Click to Enlarge Name: 17th sept.gif Size: 22 KB
  • #98
  • Sep 17, 2008 1:57am Sep 17, 2008 1:57am
Quoting Paulus
Hi

My chart for today so far atm the time is 07.40am in the uk

If you look at my chart you will see that the 20 pip tp 10 pip sl is working nicely.

I like the 2:1 RR I know I can have 2 losers with just a winner to even things up..also with my ' stop at 20 pips' rule one signal that wins when i start means my day is over early.

One thing has come to light though with the 20pip tp , if you look at the chart at A you will see a short signal before the 20pip tp is hit I get another signal if your money management can cope with it take this signal at B..you are now live 2 signals but the signal at A need only move a few pips now to hit its 20 tp

The reason I think its important to take if you can is that if you missed the signal at A you would of taken the signal at B ..its a valid signal its strength and % chance of hitting its TP is the same as A so why ignore it..thats emotional and dangerous in my opinion.

If your accounts money management wont allow you to take 2 signals consider funding your account with a few more $ or go down to a mini or micro contract to enable you to do it

The signal at C had to be reversed because the long signal came along before C had hit its TP.

Again its a valid signal the system is saying long ...why stay short - doesn't make sense isn't logical ..traffic lights ..... red stop green go that all you need to know

at time of posting thelast signal on the chart is up 12 pips ...

cheers

Paulus
Could you share your updated template paulus? It looks really nice and easy to read.
  • #99
  • Sep 17, 2008 2:15am Sep 17, 2008 2:15am
What SMA's do you have on the chart? Looks like 3.
  • #100
  • Sep 17, 2008 3:25am Sep 17, 2008 3:25am
Quoting Paulus
Hi

My chart for today so far atm the time is 07.40am in the uk

If you look at my chart you will see that the 20 pip tp 10 pip sl is working nicely.

I like the 2:1 RR I know I can have 2 losers with just a winner to even things up..also with my ' stop at 20 pips' rule one signal that wins when i start means my day is over early.

One thing has come to light though with the 20pip tp , if you look at the chart at A you will see a short signal before the 20pip tp is hit I get another signal if your money management can cope with it take this signal at B..you are now live 2 signals but the signal at A need only move a few pips now to hit its 20 tp

The reason I think its important to take if you can is that if you missed the signal at A you would of taken the signal at B ..its a valid signal its strength and % chance of hitting its TP is the same as A so why ignore it..thats emotional and dangerous in my opinion.

If your accounts money management wont allow you to take 2 signals consider funding your account with a few more $ or go down to a mini or micro contract to enable you to do it

The signal at C had to be reversed because the long signal came along before C had hit its TP.

Again its a valid signal the system is saying long ...why stay short - doesn't make sense isn't logical ..traffic lights ..... red stop green go that all you need to know

at time of posting thelast signal on the chart is up 12 pips ...

cheers

Paulus
Hi paulus , i saw your pic and signals , in this post in 6:40 we havent buy signal in 15min time frame it is still sell signal !!! and in your previous posts you get some like this that they didnt confirm in 15Min timefram
why ?
in 7:45 we have buy signal that confirmed in 15m but we get stop loss not Tp , close on 1.4191 entery 1.4192 or 1.4190 our stop loss is 1.4182 or 1.4180 our take profit is 1.4210 or 1.4212 but it hit Stoploss , in your pic you show us it hit tp
what is wrong with you ?
for what you try show a losses trades in profit trades ?
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