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Successful Manual System - EA Needed Please

  • #1
  • First Post: Sep 27, 2008 6:28am Sep 27, 2008 6:28am
Hi

I have used the following system very successfully for quite a while now. Because I am unable to be at my PC all the time I would appreciate it if someone could create an EA based on this system.

The system only uses two indicators the ADX and the Zerolag Tema 2. Please see the attached chart. Default settings used for both indies. For the ADX I only use the +DI and -DI lines. I am using this system on EURUSD 5min chart only. Have not tested on other curency pairs but see no reason why it should not work.

Rules for entering a buy: Price must currently be under the Zerolag and ADX -DI must be above the +DI. When the +DI crosses the -DI and is above the -DI we wait for the price itself to open above the Zerolag. As soon as price opens above Zerolag a BUY must be opened. EA must have TP, SL, Lot size etc. If trade goes against us and price opens below the Zerolag the buy order must be closed and a sell order opened. Look at how many pips were lost and the sell order TP must then be the number of pips lost plus 2pips. In other words if we lost 6 pips then the TP on the sell order will be 8pips. If possible a static SL can be built in to protect profit. Lets say Static SL is set to 3pips. If price goes 6pips in our favor and price turns against us EA must close order at 3pips profit.

For a sell order the opposite of above. Hope this makes sense.

Best rgds and Many thanks for any assistance.
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 17 KB
Attached File(s)
File Type: mq4 ZeroLag Tema 2.mq4   6 KB | 1,003 downloads
  • #2
  • Sep 27, 2008 8:29am Sep 27, 2008 8:29am
Your pic is not of the default Tema settings. I just downloaded the indi from your post to make sure I had the defaults, and it produces two lines on the chart -- neither of which look like your single line. Please post its settings or a template.
  • #3
  • Sep 27, 2008 8:33am Sep 27, 2008 8:33am
looking good!
Sonic
  • #4
  • Sep 27, 2008 11:49am Sep 27, 2008 11:49am
Hi fxwealth,

thanks for posting your system.
Did you test this on other TFs?

Regards,
  • #5
  • Sep 27, 2008 2:21pm Sep 27, 2008 2:21pm
Nice looking system FXwealth. In backtesting seems to work very good. Will start forward testing this week. Will see how it goes.
txtaz
  • #6
  • Sep 27, 2008 2:41pm Sep 27, 2008 2:41pm
Quoting fxwealth
Hi

I have used the following system very successfully for quite a while now. Because I am unable to be at my PC all the time I would appreciate it if someone could create an EA based on this system.

The system only uses two indicators the ADX and the Zerolag Tema 2. Please see the attached chart. Default settings used for both indies. For the ADX I only use the +DI and -DI lines. I am using this system on EURUSD 5min chart only. Have not tested on other curency pairs but see no reason why it should not work.

Rules for entering a buy: Price must currently be under the Zerolag and ADX -DI must be above the +DI. When the +DI crosses the -DI and is above the -DI we wait for the price itself to open above the Zerolag. As soon as price opens above Zerolag a BUY must be opened. EA must have TP, SL, Lot size etc. If trade goes against us and price opens below the Zerolag the buy order must be closed and a sell order opened. Look at how many pips were lost and the sell order TP must then be the number of pips lost plus 2pips. In other words if we lost 6 pips then the TP on the sell order will be 8pips. If possible a static SL can be built in to protect profit. Lets say Static SL is set to 3pips. If price goes 6pips in our favor and price turns against us EA must close order at 3pips profit.

For a sell order the opposite of above. Hope this makes sense.

Best rgds and Many thanks for any assistance.


Your instructions don't seem to match your chart.

Quote
Rules for entering a buy: Price must currently be under the Zerolag and ADX -DI must be above the +DI. When the +DI crosses the -DI and is above the -DI we wait for the price itself to open above the Zerolag. As soon as price opens above Zerolag a BUY must be opened.

In both of your "buy"s there was no waiting for an open above the Zerolag.
Price had already opened above it, before +DI had crossed above -DI, on a closed basis.
  • #7
  • Sep 27, 2008 8:25pm Sep 27, 2008 8:25pm
Hi Benq, I am using the default settings for the inputs. To get it to look like mine Click on Colors when loading the indicator and change Steelblue to None and change the Magenta color to Blue with a thickness of two. The settings im using are iperioda – 144 iPricea – 5 iPeriodb – 21 and iPeriodb – 7. Pluto2 – Have not tested on other TF’s but I think it should work out pretty well. Im a scalper and take profit from 3 to 7pips per trade. At a lot size of 4, 3pips =$120.00 Im quite happy just taking small profits and doing it consistently..Thanks txtaz pls let us know how your testing goes.

Billbss – If the price opens above the Tema2 and the +DI is still under the –DI I will not open trade yet. I would then wait for the +DI to cross above the –DI and then open the trade. You can see on the second BUY that this happened 4 bars later. That is why I opened it there. On the First BUY the price opens above the Tema2 and the +DI is above the –DI , that is a valid trade. You will find that on several occasions the price opens above the Tema2 while the +DI is still below the –DI and profit can be made. I feel safer however waiting for the +DI to cross the –DI and be above it. Doing that has made me avoid some losing trades – requires a bit more patience but is well worth it in the long run..Thanks sonicdeejay
  • #8
  • Sep 27, 2008 9:25pm Sep 27, 2008 9:25pm
fxwealth does this zerolag tema repaint
  • #9
  • Sep 27, 2008 9:37pm Sep 27, 2008 9:37pm
You say you trade on 5M chart but your chart above is 1H. Do you use 1H for trend direction? It looks interesting. Keep it simple is a good thing.
  • #10
  • Sep 28, 2008 4:45am Sep 28, 2008 4:45am
Hi forextrend, No this one does not repaint. Plind I accidentally used 1hr chart when drawing up the system. Should have been a 5min chart but principle is the same. I only use the 5min chart and the ADX is the primary indicator of trend direction

Best rgds
Attached File(s)
File Type: mq4 ZeroLag Tema 2.mq4   6 KB | 697 downloads
  • #11
  • Sep 28, 2008 10:47pm Sep 28, 2008 10:47pm
Quoting txtaz
Nice looking system FXwealth. In backtesting seems to work very good. Will start forward testing this week. Will see how it goes.
hi txtaz,

Is it possible to post your backtesting ea here?

Warmest regards
Whitetaru
  • #12
  • Sep 29, 2008 7:39am Sep 29, 2008 7:39am
Hi anyone,

Can any kind soul help me in the following coding of a new EA? i tried to code a new EA to use the value of this "Zerolag Tema 2" to find the average of Current and Previous value of the indicator ( tema1+tema2 )/2 but it hangs after every ticks. If I increases the for loop to 1000, it hangs MT4.

Has anyone encounter this issue? How to resolve this ?

------------------------------------------------------------

#property copyright "."
#property link ""

#property indicator_separate_window
//#property indicator_chart_window
#property indicator_buffers 1
#property indicator_color1 Blue

#define PRICE_HA 7
extern string _ = "Parameters";
extern int iPerioda = 144;
extern int iPricea = 5;
extern int iPeriodb = 21;
extern int iPriceb = PRICE_HA;

//---- buffers
double signalDraw[];

double tema1,tema2,ans;

int init()
{

SetIndexStyle(0,DRAW_LINE);
SetIndexBuffer(0,signalDraw);

return(0);
}

int start()
{
int i;
int limit;

double tradeDirection;

for(i=0;i< 100;i++)
{

tema1= iCustom(NULL, 0,"ZeroLag TEMA 2",iPerioda,iPricea,iPricea,iPriceb,0,i);
tema2= iCustom(NULL, 0,"ZeroLag TEMA 2",iPerioda,iPricea,iPricea,iPriceb,0,i+1);
ans = (tema1 + tema2)/2;

signalDraw[i] = ans ;

}

return(0);
}
  • #13
  • Oct 2, 2008 1:23am Oct 2, 2008 1:23am
One error is here:

Quoting whitetaru
Hi anyone,

...

tema1= iCustom(NULL, 0,"ZeroLag TEMA 2",iPerioda,iPricea,iPricea,iPriceb,0,i);
tema2= iCustom(NULL, 0,"ZeroLag TEMA 2",iPerioda,iPricea,iPricea,iPriceb,0,i+1);
Insert a ,"Parameters" before iPerioda

With regards, GuHu
  • #14
  • Oct 2, 2008 2:12am Oct 2, 2008 2:12am
Hi fxwealth,

thank you very much for sharing your ideas.
I'm interested in your system and would be glad to code it, but I have a few questions. Sorry for my questions, some maybe due to the fact that english isn't my native language.

(1) what do you mean with "as soon as price opens". Do you mean the current price or do you mean that a 5 minute candle opens?

(2) "if trade goes against us and price is under zerolag": in your picture this happens after the first valid buy and you do nothing (of course it woudn't be a good idea there ..)

(3) as i see, this system generate sell/buy signals and maybe you can flip from buy to sell and vice versa. In this situaion, a trailing stop may be useful, but what kind of TP do you think of? i would suggest to run the trade until the next opposite signal.

With regards, GuHu

Quoting fxwealth
Hi

I have used the following system very successfully for quite a while now. Because I am unable to be at my PC all the time I would appreciate it if someone could create an EA based on this system.

The system only uses two indicators the ADX and the Zerolag Tema 2. Please see the attached chart. Default settings used for both indies. For the ADX I only use the +DI and -DI lines. I am using this system on EURUSD 5min chart only. Have not tested on other curency pairs but see no reason why it should not work.

Rules for entering a buy: Price must currently be under the Zerolag and ADX -DI must be above the +DI. When the +DI crosses the -DI and is above the -DI we wait for the price itself to open above the Zerolag. As soon as price opens above Zerolag a BUY must be opened. EA must have TP, SL, Lot size etc. If trade goes against us and price opens below the Zerolag the buy order must be closed and a sell order opened. Look at how many pips were lost and the sell order TP must then be the number of pips lost plus 2pips. In other words if we lost 6 pips then the TP on the sell order will be 8pips. If possible a static SL can be built in to protect profit. Lets say Static SL is set to 3pips. If price goes 6pips in our favor and price turns against us EA must close order at 3pips profit.

For a sell order the opposite of above. Hope this makes sense.

Best rgds and Many thanks for any assistance.
  • #15
  • Oct 2, 2008 5:05am Oct 2, 2008 5:05am
Thank you for your offer. Much appreciated.

(1) what do you mean with "as soon as price opens". Do you mean the current price or do you mean that a 5 minute candle opens? Lets say price is currently under the Tema, we are now waiting for a BUY signal. If Price opens ABOVE Tema AND +DI is ABOVE –DI we would immediately open a BUY. That is on the current bar. If the trade goes against us and on the next bar or subsequent bars the Price opens under the Tema we would close the BUY and OPEN a SELL with a TP of the loss +2pips. I go for 3-5 pips profit as I trade 4lots. But I believe your method can work as well by opening and closing on opposite signals. I will have to trade samller lots tho just in case….

(2) "if trade goes against us and price is under zerolag": in your picture this happens after the first valid buy and you do nothing (of course it woudn't be a good idea there ..) Explained above

(3) as i see, this system generate sell/buy signals and maybe you can flip from buy to sell and vice versa. In this situaion, a trailing stop may be useful, but what kind of TP do you think of? i would suggest to run the trade until the next opposite signal. This sounds like a good idea. Havent tried it yet but believe it could work. If u can code EA we can test various options? I also thought of a “Profit Protect” a feature where u could set PP at 3pips. If a trade goes say 5 6 pips in yr favor and then turns against u the ea shud close the trade at 3pips thereby ensuring a profitable trade. Hope this makes sense

Best rgds
  • #16
  • Oct 5, 2008 9:42am Oct 5, 2008 9:42am
so no luck getting anyone to make the ea?
  • #17
  • Oct 5, 2008 11:02am Oct 5, 2008 11:02am
Hi no luck as yet! Still hoping tho. System is working great...
  • #18
  • Oct 5, 2008 11:34am Oct 5, 2008 11:34am
It appears I put my post in the wrong thread... my bad

http://www.forexfactory.com/showpost...3&postcount=12
  • #19
  • Oct 6, 2008 3:22am Oct 6, 2008 3:22am
Here is an independent approach I made few days ago.

It has a couple of parameters and you can switch on and off some options.
I implemented a trailing stop.

The system tends to loose a lot of money in side trends. I tried to solve this with a minimal slope for the zerolag indicator.

The ea needs a compiled version of the zerolag indicator.

With regards, GuHu
Attached File(s)
File Type: mq4 Zerolag v1.mq4   7 KB | 455 downloads
  • #20
  • Last Post: Oct 6, 2008 7:59am Oct 6, 2008 7:59am
Hi Guhu Many thanks Will test it out..

Best rgds
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