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  • #1,021
  • Oct 14, 2008 8:31pm Oct 14, 2008 8:31pm
I think I found the refreshing issue stated by some of you.

The calculation need multi pairs to refresh. As they don't refresh at the same time (only when the pair has its own first tick at the new 4hr candle), the BUY/SELL suggestion has to wait or update each tick to be sure to have the last pairs update.

Actually it isn't the case as the refresh suggestion is once a bar (on the pair where the indy is attached). So some of the pairs haven't refreshed yet.

I will mod this in a future release.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,022
  • Oct 14, 2008 8:35pm Oct 14, 2008 8:35pm
There's no holy grail. ES trader has introduced a logical system, and others have made great spreadsheets and indicators to make it all that much easier. Naturally, the incredible results of yesterday won't be the norm, where the market went up 900 points. Right now, the ride is rough. If you're trading live already, probably too soon. I think this is one of the better systems out there. You know which currency has been trending long or short, and you have a great indi by Ferrux to tell you which pairs to trade. No system is 100%. This one has so many advantages over the others, I won't even bother to list them.
  • #1,023
  • Oct 14, 2008 8:37pm Oct 14, 2008 8:37pm
Quoting FerruFx
I think I found the refreshing issue stated by some of you.

The calculation need multi pairs to refresh. As they don't refresh at the same time (only when the pair has its own first tick at the new 4hr candle), the BUY/SELL suggestion has to wait or update each tick to be sure to have the last pairs update.

Actually it isn't the case as the refresh suggestion is once a bar (on the pair where the indy is attached). So some of the pairs haven't refreshed yet.

I will mod this in a future release.

FerruFx
I wonder if that's why it was suggested to wait about 15 minutes after the new 4hr bar started?
  • #1,024
  • Oct 14, 2008 8:39pm Oct 14, 2008 8:39pm
Quoting FerruFx
Which version of CCFp you use. I refer to the ORIGINAL one and on my IBFX live USD was 0.0299 and 0.0300 ... so green.

The CCFp-Diff is coded with the ORIGINAL CCFp calculation.

FerruFx
FerruFX,

Okay, now I understand. I was using v.1.0.2 that is why the difference. When I change to the original version, yes, it was green like yours.

Thanks.
  • #1,025
  • Oct 14, 2008 8:44pm Oct 14, 2008 8:44pm
Quoting goldcourse
Paris,

Could you kindly explain what you mean by 'the party's over' ?

As for me I think this strategy is still INCREDIBLE but only have to work out the correct MM and controlling greed.

I until today still feel thankful to ES Trader for what he is doing for me.

What i mean is simply this. all 4 four hour candles today started in the negative and remained in the negative so there was no chance of grabbing any profit. You can't work out an accepatable take profit level if there's no take profit to be gotten. All trades have remained negative in a big way for the full 4 hours each. Paris
  • #1,026
  • Oct 14, 2008 8:58pm Oct 14, 2008 8:58pm
using only the first indicator posted by skyline and based in the "+" and "-" i opened this:

short: EURCAD, EURAUD, and USDCAD
buy: AUDJPY, GBPCHF, GBPJPY, NZDUSD and AUDUSD.

this was a few minutes after the opening of the actual 4h bar on FXpro.
  • #1,027
  • Oct 14, 2008 8:59pm Oct 14, 2008 8:59pm
Quoting RickW00716
I wonder if that's why it was suggested to wait about 15 minutes after the new 4hr bar started?
I am sure it is ... and I wasn't aware about this. My bad because I knew that a multi pairs system need time to refresh everything.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,028
  • Oct 14, 2008 9:02pm Oct 14, 2008 9:02pm
Quoting FerruFx
I am sure it is ... and I wasn't aware about this. My bad because I knew that a multi pairs system need time to refresh everything.

FerruFx
Knowing this, what is the minimum timeframe you could get an accurate reading on with your latest version?
Another member is experimenting using this on multiple timeframes and waiting for the signals to all line up.
  • #1,029
  • Oct 14, 2008 9:21pm Oct 14, 2008 9:21pm
Quoting RickW00716
Knowing this, what is the minimum timeframe you could get an accurate reading on with your latest version?
Another member is experimenting using this on multiple timeframes and waiting for the signals to all line up.
I have used FerruFx 's indi in a MTF setup and have taken a couple of counter trend (against the 4 hr) trades on a 1 hr TF.

Ferru's indicator is easy to adapt to this, I do use the CCFp indie as well to help judge the validity of any position.
IMO it all comes together and paints a pretty clear picture.
Some of the contributors in this thread have come up with some really good stuff.
Great idea to begin with of course.
  • #1,030
  • Oct 14, 2008 9:44pm Oct 14, 2008 9:44pm
Quoting tommyd
Don't know about anyone else but my IBfx demo feed has been down for 15 minutes now. Right after I placed my trades.....

They're being mean now.
This happens to me also on FXDD sometimes for up to 20 minutes. Very frustrating.

Dan
  • #1,031
  • Oct 14, 2008 9:46pm Oct 14, 2008 9:46pm
Yesterday I got burned entering Aud/Usd Buy as the indicator suggested while the price was going down.

Thought of a simple way to avoid this by consulting the Stochactic indicator with these settings (5,3,3 - Close/Close - Exponential).

I should not enter if the Stoch direction does not agree with the Indicator's recommendation. I'll test this method more in the comming sessions.

Thanks for the great efforts you ppl put in this thread. I wish you Green pips today and after

TS
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.jpg Size: 214 KB
  • #1,032
  • Oct 14, 2008 9:51pm Oct 14, 2008 9:51pm
Quoting saintmo
I don't know whether this will help you or not but what I did was set values of 5 through 11 for the minutesdelay start parameter for the nineteen pairs I am trading instead of using the same default value of 10 for all pairs. Consequently there are at most 3 pairs trying to open at the same time. It did seem to help reduce the number of context busy errors for me. Instead of getting 6 or 7 I now may get 1.
Tried it, did not work. Many "trade context busy" and only two trades out of possible 7. (FXDD)
  • #1,033
  • Oct 14, 2008 9:55pm Oct 14, 2008 9:55pm
Quoting aelimian
I cannot get this version to work on my platform. Shows up under indicators but could not attach it to the chart. Any suggestions?
Same problem here. Could it be a Vista issue? The earlier version wors well.

Appreciate if this could be looked into before the next release.

Thanks

TF
  • #1,034
  • Edited 10:15pm Oct 14, 2008 9:57pm | Edited 10:15pm
Quoting ozziedave
Hi All,

I've traded 3 different 4 hour bars on my IBFX platform and so far I've had 2 massive losses and one win. What I am finding is after I place my trades I'll watch the positions for awhile and then I'll walk away form the computer. When I've come back I'll see that colectively the group may have been up 30-60 pips but now is down 100-150 pips. Each time I have decided to stick with the trade and it has ended with a collective loss of over 500 pips.

I have seen many posts over the past 3-5 days showing profits of 200-500 pips or more. I'm finding it difficult to manage the positions. Are people taking profit when a pair hits say 30 or 50 pips and are they closing a pair when it goes say 50 pips on the negative side.

I see that some people are using an EA to help manage their trades. Does anyone have some feedback on which EA is working well with this system?
Too soon for me to say which is best. I am currently testing two.
The first is 2protect account (see paperclip) from T101. I like this one because it trails. However it does trail by alot at higher levels. For instance at around 1500 or so pips it lifts the SL to 1010pips. The next step up for the SL is 2000 pips where it raises to 1510 and so on in 500 pip moves. So if you hit 1500 your stop is 1000 then if you hit 1900 and then retrace you will lose 900 since the SL is still at 1000 pips or so. All that being said it seems to work properly. (I think this EA would be much better if the user could choose the inputs for SL levels and amounts).

The second is Close at Equity Amount. I like this one because you can set it for whatever percent you are aiming for and your out if you hit it. On the downside, it does not let profits run.

Edit: here is the Author info for CloseatEquity amount:
AutoEquityManager.mq4 |
//| Don Perry, Gene Katsuro |
//| Modded by WNW |
//|
Dan
  • #1,035
  • Oct 14, 2008 10:04pm Oct 14, 2008 10:04pm
FerruFx,
Thanks for the indicator. I have it on Ibfx mini ac platform
The indicator is showing buy/sell on pairs which are not even offered by Ibfx.

Am I doing something wrong?

Probably you did answer this question somewhere, but I am sorry I am lost in my own thread with so many postings.Can you please let me know or direct me to a post for some info about this problem.thanks for all your input and for helping others here.
thanks
Kris
  • #1,036
  • Oct 14, 2008 10:05pm Oct 14, 2008 10:05pm
matrixebiz

Here are the completly corrected scripts. Thanks for testing

Turns out there was an "off by 1" error in one of the 'for' loops, causing, in this case, NZD to be skipped.

Everything works as it should now.

Ron(ForexMT4.com)




Quoting matrixebiz
Hi Ron, thank you for getting back to me. I've attached Pics of what currencies I picked and only a few orders were placed, also the log from the Experts Tab to examine, a Buy on NZDJPY, Sell GBPCAD, etc should have been placed and wasn't.
Thank you
Attached File(s)
File Type: mq4 _CCFp_orders Ron v1.0d.mq4   13 KB | 952 downloads
File Type: mq4 _CCFp_CLOSE orders Ron v1.0d.mq4   3 KB | 842 downloads
  • #1,037
  • Oct 14, 2008 10:06pm Oct 14, 2008 10:06pm
Quoting FerruFx
I will mod this in a future release.

FerruFx
F, it would be nice to see the spread for each pair somewhere in ur indicator. Some of those exotic pairs have +100 spreads. I've seen an indicator called signal bars that gives a ton of information including the spread. If somebody has that indicator please post, we need to know the spread before trading.
  • #1,038
  • Oct 14, 2008 10:16pm Oct 14, 2008 10:16pm
Quoting tommyd
I have used FerruFx 's indi in a MTF setup and have taken a couple of counter trend (against the 4 hr) trades on a 1 hr TF.

Ferru's indicator is easy to adapt to this, I do use the CCFp indie as well to help judge the validity of any position.
IMO it all comes together and paints a pretty clear picture.
Some of the contributors in this thread have come up with some really good stuff.
Great idea to begin with of course.
Thanks for your feedback.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
  • #1,039
  • Oct 14, 2008 10:16pm Oct 14, 2008 10:16pm
Quoting qz10cq
Here's a couple nice EA's that has to be put in the EA folder not scripts. If it's going against you this will close all.

The equity close all is a set to the profit you want and it closes all when your profit has been reached.
Just to refresh
Attached File(s)
File Type: mq4 Close all open and pending orders.mq4   1 KB | 721 downloads
File Type: mq4 CloseAtEquityAmount v1.0.mq4   3 KB | 787 downloads
File Type: ex4 2ProtectAccount.ex4   4 KB | 729 downloads
  • #1,040
  • Oct 14, 2008 10:19pm Oct 14, 2008 10:19pm
Quoting ES Trader
FerruFx,
Thanks for the indicator. I have it on Ibfx mini ac platform
The indicator is showing buy/sell on pairs which are not even offered by Ibfx.

Am I doing something wrong?

Probably you did answer this question somewhere, but I am sorry I am lost in my own thread with so many postings.Can you please let me know or direct me to a post for some info about this problem.thanks for all your input and for helping others here.
thanks
Kris
Thanks for testing it. Very much appreciated from you. Your system is really very promising.

To remove the unused pairs, just set them to 'false' in the inputs parameters.

FerruFx
MT4/MT5 EAs/Indicators/Alerts coder
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