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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

  • #181
  • Sep 22, 2008 3:58pm Sep 22, 2008 3:58pm
Hey Ronald,

(Disreagard the post's title, question already answered)


First I'll take the opportunity to add to the chorus of thanks for all your efforts through the forum - you are an asset to this place!

(This might be impossible) I think the idea is to take the trade when the 1st 5 min bar closes with the new color. The challenge here is that system does not wait for a closed 15 min candle, it accepts a color change mid candle as a green light. But system does require the 5 min candle to be closed to green light this part of the trade.

In your prior EA, I think it was set up to be either tick or close for both, but the system really calls for tick on the 15 and close on the 5. Is this possible?

Of course, I may be wrong about this, Paulus will correct if need be I am sure.

Kind Regards,

VBro
  • #182
  • Sep 22, 2008 4:16pm Sep 22, 2008 4:16pm
Quoting vbro
Hey Ronald,

(Disreagard the post's title, question already answered)


First I'll take the opportunity to add to the chorus of thanks for all your efforts through the forum - you are an asset to this place!

(This might be impossible) I think the idea is to take the trade when the 1st 5 min bar closes with the new color. The challenge here is that system does not wait for a closed 15 min candle, it accepts a color change mid candle as a green light. But system does require the 5 min candle to be closed to green light this part of the trade.

In your prior EA, I think it was set up to be either tick or close for both, but the system really calls for tick on the 15 and close on the 5. Is this possible?

Of course, I may be wrong about this, Paulus will correct if need be I am sure.

Kind Regards,

VBro
If "trade on the close of a 5 min candle" then simply set the EA on the 5 min TF and set eachtickmode to "True"
  • #183
  • Sep 22, 2008 4:43pm Sep 22, 2008 4:43pm
Whichever way I used the earlier EA, I ended up with more losers then winners, so eventually gave up the testing of it.
Still I am sure Ronald can get it working the right way, just some little tweaking, lol
  • #184
  • Sep 22, 2008 4:58pm Sep 22, 2008 4:58pm
Hi Paulus,

It seems there are times when the 5 min cci still leads the HA - see chart.

What are your thoughts about taking whatever signals first as the trigger?
Attached Image (click to enlarge)
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  • #185
  • Sep 23, 2008 1:21am Sep 23, 2008 1:21am
yes Ive noticed that

One of the reasons I went to HA was that in a strong trend the CCI can just stay above 0.00 and you miss some nice entries that the HA picks up....

Yest afternoon we had 6 signals in the uptrend 5 wins 1 loser the CCI8

gave 5 ...2 on the same bar , 1 earlier ,1 later and one it dint get which went on for 20 pips.

you can use the CCI8 like you suggest I cant see any harm in it,its horses for courses perhaps we should keep a check on it for the rest of the week

Cheers for the suggestion

Paulus
  • #186
  • Sep 23, 2008 1:47am Sep 23, 2008 1:47am
1st live signal for me today I start at 7.30am signal was at 7.30am got my 20pips day over for me..nice work if you can get it !

cheers

Paulus
Attached Image (click to enlarge)
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  • #187
  • Sep 23, 2008 2:19am Sep 23, 2008 2:19am
Quoting Paulus
1st live signal for me today I start at 7.30am signal was at 7.30am got my 20pips day over for me..nice work if you can get it !

cheers

Paulus
Hi Paulus!
How long do you use this system on live? I've msde EA and i'm shure it works right according to your rules. But the fact is that EA makes more loosers than winers.
Have to notice that september is very good for this system. From 01 of september hit rate was about 70%. But in long run (for ex. from 01.01) EA blow 10000 account quickly with 25% profitable trades.
  • #188
  • Sep 23, 2008 3:39am Sep 23, 2008 3:39am
Quoting Paulus
1st live signal for me today I start at 7.30am signal was at 7.30am got my 20pips day over for me..nice work if you can get it !

cheers

Paulus
Hi Paulus, was the 15min CCI in the red when you entered this trade? as I was looking at the chart but on my chart the first red bar came at 7:30, then I entered two wrong signal 8:35 and 9:05, both for a loss.
  • #189
  • Sep 23, 2008 5:59am Sep 23, 2008 5:59am
Quoting Dezil
Hi Paulus!
How long do you use this system on live? I've msde EA and i'm shure it works right according to your rules. But the fact is that EA makes more loosers than winers.
Have to notice that september is very good for this system. From 01 of september hit rate was about 70%. But in long run (for ex. from 01.01) EA blow 10000 account quickly with 25% profitable trades.
I'm having the same issues too. My only guess is lack of sufficient data.
  • #190
  • Sep 23, 2008 6:15am Sep 23, 2008 6:15am
If anyone here has tick data, why don't you give this a try?
Attached File(s)
File Type: mq4 Traffic Light-HA.mq4   13 KB | 530 downloads
  • #191
  • Sep 23, 2008 8:13am Sep 23, 2008 8:13am
Paulus, I took a trade where the HA candle changed from blue to red midway (see arrow). Actually it was a blue bar which developed a red stem. I took the trade because it pushed through a little wall of resistance, and got 20 pips. Is this what you do with changing candles?
Attached Image
  • #192
  • Sep 23, 2008 10:48am Sep 23, 2008 10:48am

Hi cesare76fx

I agree with you about the 7.30 signal
my 15min was green too.

Would not have taken your other entries
as they are both at news-time.

Terry

  • #193
  • Sep 23, 2008 11:51am Sep 23, 2008 11:51am
Quoting Ronald Raygun
If anyone here has tick data, why don't you give this a try?
I put it on the demo and will report on it.

Thank you.
  • #194
  • Sep 23, 2008 12:53pm Sep 23, 2008 12:53pm
My 7.30am signal time stamped on Alpari at 8.30am the charts are 1 hr ahead of actual time here

Paulus
Attached Image (click to enlarge)
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  • #195
  • Sep 23, 2008 12:56pm Sep 23, 2008 12:56pm
joem

I take the trade if short and red with 10 secs to go or at candle close im not ridged about this time but i wouldnt for example take a short signal on red with 30secs to go..I have to be close to the bar end and 10 secs seems right its a nice round number and again I have to be logical and mechanical and apply the rules to every trade

Cheers

paul
  • #196
  • Sep 23, 2008 6:10pm Sep 23, 2008 6:10pm
The EA took so far 3 trades, all ended in a loss.
  • #197
  • Sep 24, 2008 1:12am Sep 24, 2008 1:12am
hmm weird can you give me the times UK plse

Thanks

Paulus
  • #198
  • Sep 24, 2008 1:53am Sep 24, 2008 1:53am
no signal for me yet this morning

As you can see 15min saying look for longs we have 3 blue bars..the 5min has been blue but the 1st one came way before my 7.30am start as dipicted by the red dotted vertical line.....you can just see a red HA bar forming on the 5min if this stays red then I will go long on the close of the next blue 5min bar as long as the 15min is blue

cheers

paulus
Attached Image (click to enlarge)
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  • #199
  • Sep 24, 2008 5:04am Sep 24, 2008 5:04am
Hi Paulus,

Looked again at that 7.30 trade the
15min candle would just have opened.
The confimation of red on CCI would not
be confirmed until the 15min candle closed.
I was watching and can confirm on my 15min
chart it was not red at 7.30!!
To help us all please confirm how you use
the 15min trade direction signal and
did you jump the gun?
Terry
  • #200
  • Sep 24, 2008 5:58am Sep 24, 2008 5:58am
Quoting terryed
Hi Paulus,

Looked again at that 7.30 trade the
15min candle would just have opened.
The confimation of red on CCI would not
be confirmed until the 15min candle closed.
I was watching and can confirm on my 15min
chart it was not red at 7.30!!
To help us all please confirm how you use
the 15min trade direction signal and
did you jump the gun?
Terry
Terry,
Why are you so adamant about the 15 Min CANDLE? The control guide for the 15 Min chart is not the candle, but rather the CCI8. The CCI8 is not always the same color as the candle.
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