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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

  • #281
  • Oct 15, 2008 5:40am Oct 15, 2008 5:40am
Quoting David-T
Hi,

Could someone please confirm what settings are you all working with on the Heiken Ashi.

I have 2 6 3 2 is this right or not ?

With Many Thanks

David
Yes, that is what I have
  • #282
  • Oct 15, 2008 6:07am Oct 15, 2008 6:07am
kfx do you use smother heikenashi instead of cci8 ?

or how is your strategy ?


best regards
  • #283
  • Oct 15, 2008 6:26am Oct 15, 2008 6:26am
Quoting jgadefelth
kfx do you use smother heikenashi instead of cci8 ?

or how is your strategy ?


best regards
In the 5 mins. I use Heiken_Ashi_Smoothed_Alert (2,6,3,2)

In the 15 mins. I use CCI 8 (8,1,0.618)


Best regards !!!
  • #284
  • Edited 7:08am Oct 15, 2008 6:36am | Edited 7:08am
Quoting David-T
Hi,

Could someone please confirm what settings are you all working with on the Heiken Ashi.

I have 2 6 3 2 is this right or not ?

With Many Thanks

David
Hi guys,

Setting for Heiken Ashi smoothed is 0132 Please look at post#95 by Paulus
By the way can anyone briefly tell me how to use this indicator(simple way)?

Thanks,

Pete
  • #285
  • Oct 15, 2008 8:02am Oct 15, 2008 8:02am
Quoting pete.alfa
Hi guys,

Setting for Heiken Ashi smoothed is 0132 Please look at post#95 by Paulus
By the way can anyone briefly tell me how to use this indicator(simple way)?

Thanks,

Pete
I know, but I'm testing with other configuration.

How to use?. What you talking about?.

Greetings !!!
  • #286
  • Edited 12:38pm Oct 15, 2008 8:13am | Edited 12:38pm
Quoting pete.alfa
Hi guys,

Setting for Heiken Ashi smoothed is 0132 Please look at post#95 by Paulus
By the way can anyone briefly tell me how to use this indicator(simple way)?

Thanks,

Pete
I'm assuming you're asking for more information on the HAS as an indicator? Generally - the HAS eliminates the clutter (noise) of normal candles, and indicates better (for the most part) continuing trends.

Like 'normal' candles, the HAS gives you loads of information. Simply speaking, if there are no wicks on the bottom and/or long wicks on top of the blue HAS, that is a fairly good indication of a strong upward movement. Down trends (red HAS) indicates continuing strong downward movement when the HAS have no wicks on the top and/or long wicks on the bottom. Long bodies show strength of movement, short bodies volatility in that direction is decreasing and may be changing.

And like 'usual' dojos, hammers, and Hanging Man, when you have wicks on the top AND the bottom you know market sentiment is changing. Sorry, I can't remember that much more about them right now.

If you go back and look at charts you'll soon be able to pick out the patterns and identify potential market trend changes. Hope this helps a little.
  • #287
  • Oct 15, 2008 2:09pm Oct 15, 2008 2:09pm
Hi Ronald RayGun,

I have been testing the Traffic Lights EA on the 5 min chart with better results.

However, on the longer time frame, the trade trigger stays open until the next bar so that if a trade closes before the current bar ends another trade is immediately opened almost always resulting in a loss.

I would like to code the EA to make the "SignalsOnly" automatically change to "true" when a trade is opened and then automatically change back to false at the start of the next bar (i.e., 1 trade only, per signal, per bar unless the trailing stop is enabled).

It seems like statements as follows:
if(Order = SIGNAL_BUY) SignalsOnly = true &
if(Order = SIGNAL_SELL) SignalsOnly = true
placed strategically in the code would turn off order placement.

And statement(s) like:
newbar SignalsOnly = false
placed strategically in the code would turn it back on.

Keep in mind, I am not a programmer, I just dabble with the logic so I need help with the above and especially where to put it in the code. I am more than happy to do the keying and testing if it is acceptable to you. If not, I fully understand and one of your speedy updates would be great.

Any help you may provide would be greatly appreciated!
Your EA's are most impressive!
  • #288
  • Oct 15, 2008 2:16pm Oct 15, 2008 2:16pm
Quoting Big E!
Hi Ronald RayGun,

I have been testing the Traffic Lights EA on the 5 min chart with better results.

However, on the longer time frame, the trade trigger stays open until the next bar so that if a trade closes before the current bar ends another trade is immediately opened almost always resulting in a loss.

I would like to code the EA to make the "SignalsOnly" automatically change to "true" when a trade is opened and then automatically change back to false at the start of the next bar (i.e., 1 trade only, per signal, per bar unless the trailing stop is enabled).

It seems like statements as follows:
if(Order = SIGNAL_BUY) SignalsOnly = true &
if(Order = SIGNAL_SELL) SignalsOnly = true
placed strategically in the code would turn off order placement.

And statement(s) like:
newbar SignalsOnly = false
placed strategically in the code would turn it back on.

Keep in mind, I am not a programmer, I just dabble with the logic so I need help with the above and especially where to put it in the code. I am more than happy to do the keying and testing if it is acceptable to you. If not, I fully understand and one of your speedy updates would be great.

Any help you may provide would be greatly appreciated!
Your EA's are most impressive!
Do you mean to say one trade per bar?
  • #289
  • Oct 15, 2008 2:21pm Oct 15, 2008 2:21pm
Hi RR,

Yes.
  • #290
  • Oct 15, 2008 2:27pm Oct 15, 2008 2:27pm
Done
Attached File(s)
File Type: mq4 Traffic Light-HA.mq4   13 KB | 497 downloads
  • #291
  • Oct 15, 2008 2:46pm Oct 15, 2008 2:46pm
Thank You So Much RR,

In my mind, only an expert that knows this stuff like the back of his hand can perform these tasks with such lightning speed!

This is a great forum/thread where one gets timely answers and problem solution. One of the best I have ever had the pleasure of participating in.
  • #292
  • Edited 8:00pm Oct 15, 2008 7:35pm | Edited 8:00pm
Quoting Flamenco143
I'm assuming you're asking for more information on the HAS as an indicator? Generally - the HAS eliminates the clutter (noise) of normal candles, and indicates better (for the most part) continuing trends.

Like 'normal' candles, the HAS gives you loads of information. Simply speaking, if there are no wicks on the bottom and/or long wicks on top of the blue HAS, that is a fairly good indication of a strong upward movement. Down trends (red HAS) indicates continuing strong downward movement when the HAS have no wicks on the top and/or long wicks on the bottom. Long bodies show strength of movement, short bodies volatility in that direction is decreasing and may be changing.

And like 'usual' dojos, hammers, and Hanging Man, when you have wicks on the top AND the bottom you know market sentiment is changing. Sorry, I can't remember that much more about them right now.

If you go back and look at charts you'll soon be able to pick out the patterns and identify potential market trend changes. Hope this helps a little.
Thanks Flamenco,

That's what I need. I'll study more detail in google
  • #293
  • Edited 8:16pm Oct 15, 2008 7:58pm | Edited 8:16pm
Hi everyone,

Yes this thread is very great community because of you(Paulus) are still here and we all also have to thank one more person "Flamenco who is always here to help us"

Sorry I forgot one more person,it wasn't in my mind at that time(Sorry Ronald I hope you won't mind) - Programmer expert 'Ronald Raygun', you're always here to help us(promptly & sincerely) with EA problems.
Thank you Ronald Raygun

And again Thank you for this thread,

Pete[/quote]
  • #294
  • Oct 15, 2008 8:11pm Oct 15, 2008 8:11pm
Quoting pete.alfa
Thanks Flamenco,

That's what I need. I'll study more detail in google
A nice video you can see about HAS is at CompassFX. Sign up for the 'Synergy System' (but DON'T USE IT! It's a real loser in my experience with too many false break-outs) OR just down load the Synergy PDF file. (Shows the same thing as the video without the commentary.

There's no committment to CompassFX by signing up.
  • #295
  • Edited Oct 16, 2008 5:06am Oct 15, 2008 8:43pm | Edited Oct 16, 2008 5:06am
Checking quickly at Compass FX I couldn't find the PDF download file.

Here it is. As I previously mentioned, don't waste your time learning the system. It looks good, and the Trader's Dynamic Index is a fairly good indicator, but using the whole strategy didn't make any money for me.

The only thing that has lately is Paulus's Traffic Light System. I'm sold and use it live successfully without any EA's to screw it up!
Attached File(s)
File Type: pdf SYNERGY_Basic.pdf   1.8 MB | 747 downloads
  • #296
  • Oct 16, 2008 11:31am Oct 16, 2008 11:31am
Hi Again RR,

RE: One trade per bar

Is there a way to do this without being limited to opening a trade in the last 10 seconds of the bar? That option is already available by setting EachTickMode to False. Correct?

Is there a way to count the number of trades PER BAR? If so, logic could be added to the TradeTrigger sequence to trade only when the count = 0. (By the way, I see now where MY original idea was flawed.)

As always, any help you may provide is much appreciated!
  • #297
  • Oct 16, 2008 11:38am Oct 16, 2008 11:38am
Quoting Big E!
Hi Again RR,

RE: One trade per bar

Is there a way to do this without being limited to opening a trade in the last 10 seconds of the bar? That option is already available by setting EachTickMode to False. Correct?

Is there a way to count the number of trades PER BAR? If so, logic could be added to the TradeTrigger sequence to trade only when the count = 0. (By the way, I see now where MY original idea was flawed.)

As always, any help you may provide is much appreciated!
EachTickMode waits for the bar to close.

My main concern given the scalping nature of this system is that the current candle is constantly changing which means it may give a signal, then not give a signal. I've seen plenty of my scalping EAs whipsawed out of the market when something like that happens.

Paulus I think mentioned the "open 10 sec to bar close" rule, and to me it makes sense, the bar generally does not change color 10 sec to its close.
  • #298
  • Oct 16, 2008 12:49pm Oct 16, 2008 12:49pm
Hi RR,

I agree with your logic using the 1 min TF. The problem I'm experiencing on the 5 min is basically none exsistent on the 1 min because the bar almost always closes before the trade.

However, on the 5 MIN TF, if the signal occurs early in the bar, the scalping opportunity is gone well before a trade would be entered (waiting for the last 10 seconds of the bar). Based on my testing, there are just too few signals that "start" within the 10 second window. If you don't get in when the signal first occurs, you loss more than win.

My original intent was to code the EA so that a second trade would not be automatically entered if the first one closed before the bar closed. I guess I don't see how this would be a negative issue since, based on my testing, the second trade almost always ends up a loss.

However, if you believe this would cause more problems than benefits, I respect your opinion.
  • #299
  • Oct 16, 2008 1:00pm Oct 16, 2008 1:00pm
Quoting Big E!
Hi RR,

I agree with your logic using the 1 min TF. The problem I'm experiencing on the 5 min is basically none exsistent on the 1 min because the bar almost always closes before the trade.

However, on the 5 MIN TF, if the signal occurs early in the bar, the scalping opportunity is gone well before a trade would be entered (waiting for the last 10 seconds of the bar). Based on my testing, there are just too few signals that \"start\" within the 10 second window. If you don't get in when the signal first occurs, you loss more than win.

My original intent was to code the EA so that a second trade would not be automatically entered if the first one closed before the bar closed. I guess I don't see how this would be a negative issue since, based on my testing, the second trade almost always ends up a loss.

However, if you believe this would cause more problems than benefits, I respect your opinion.
Try it.

Just remember to post your results here.
Attached File(s)
File Type: mq4 Traffic Light-HA-Beta.mq4   14 KB | 395 downloads
  • #300
  • Oct 16, 2008 1:16pm Oct 16, 2008 1:16pm
RR,

Thank you once again for the prompt response.

I will definitely post results, good or bad. I am working for a more profitable EA for all of us.
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