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Attachments: HAS Indicator - Misc indicators & EA's
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HAS Indicator - Misc indicators & EA's

  • #221
  • Mar 7, 2007 6:04am Mar 7, 2007 6:04am
Here are the rules for long entry:

1. lowest TF must be at least one blue HAS candle.

2. The next highest TF must be a "blue upper wick with a red body candle " or a blue candle.

and/or price must be >=HAS candle. (OPTIONAL)


Here are the rules for long exit:

1. Current TF displays it's first red candle AND next largest TF is a "red upper wick with a blue body candle" or a red colored candle.

Here are the rules for staying in trade when current HAS candle turned red.

1. Go to next higher TF and if HAS bars are blue stay in the trade.

Note: You only consider wick vs body color when looking at NEXT higher TF.

Reverse everything above for a short entry and all rules that followed.

This should be a good start.

Quoting bagovino
Steinitz,

Can you please post clear rules with all indicators on one post? It seems this has splintered and needs your BLACKBOX rules on taking a trade.

Thanks,

Bagovino
  • #222
  • Mar 7, 2007 6:11am Mar 7, 2007 6:11am
Like aI said earlier you can't count on me to critique your EA. Your probably right and I will stay out of this until I learn more about using MT4 system tester.

Traders here would love to have an alert system of 1-3 timeframes when you have free time.

Great work and I hope we can all keep up the momentum to constantly help with your EA.



Quoting 4xMaster
Thats should not happen.
It should enter after confirmation from the 2nd TF, and exit after confirmation from the 2nd TF and if the x_3rdTFCloseConfimation is set to true, it also looks at the 3rd TF.
Please give me a specific example (the exact time and currency) when it didnt follows these rules.

BTW: currently the EA raises debug alerts, which means after each bar close, it raise an alert with the value of the current HAS bars in the 3 TFs. When the rules applies it also opens a trade.
  • #223
  • Mar 7, 2007 6:20am Mar 7, 2007 6:20am
People ask about stops and limits. Those concepts are generally accepted to limit ones losses when trades go wrong or take profits when things go right. I really hope everybody here is aware of that.

The very nature of my method is the ability to visually see when to get out with a loss or profit by way of colors. If your color blind as one guy said earlier, then you might want to add some stops and limits.

Maybe you can't watch the screen all day. Go ahead and set your stops and limits. But the system doesn't require them to be profitable if you watch for color changes.

If you need stops and limits that will be your decision that is based on greed and fear. Everyone has their own style and risk tolerances.
  • #224
  • Mar 7, 2007 7:01am Mar 7, 2007 7:01am
Hi Kermut

Tks for the heads up on changing from candles to a line pattern. That did it
& everythings in place now. That was easy enough, but I just didn't think
about the line pattern. Tks again & may we all profits from Steinitz"s great
method.

AceTrader
  • #225
  • Mar 7, 2007 7:19am Mar 7, 2007 7:19am
Hi Steinitz

Kermut put me on the correct path ref the candles being on the chart. One
question....the line that is seen on your chart, is that the line that would
take the place of the candles as Kermut advised? Just making sure that I
have everything correct.

Your statement about trading 8 yrs I can relate to as I traded stocks for
15 yrs from the investor side then switched to FX in 1999 & have found
only one method that works with any consistency & it is for short term
trading. HAS method is much better from an indicator stand point as no
other indicators are really needed. I'm sure one maybe could be used to
comliment HAS, but not really needed.

As for EA for this method, that would be great, but I prefer this as a
manual method. Adding signal to the indicator would no doubt be a
great addition to an already great method. From what I have seen so far
HAS works in a trending mode & will define a ranging market as well.

The rules you just post would do fine unless you have the time to create
a pdf that would include you thought & thing you have discovered along the
way, but that is just a suggestion.

Tks for your time, willingness to help & the shaing of the great method.

AceTrade
  • #226
  • Edited 8:34am Mar 7, 2007 8:19am | Edited 8:34am
Quoting steinitz
The price of all this software and programming etc etc is:

ZERO
WHOA!!!! :surprised

I would have started coding in it about 100 posts ago!

I'll get cracking.....the Alerts anyway...unless 4xMaster gets to it first.
  • #227
  • Mar 7, 2007 8:43am Mar 7, 2007 8:43am
Hello everyone,

I must say that I have just found this thread a couple of days ago and really like the way this indicator represents the price movement. Great job Steinitz!
I also am enjoying the banter, this is a great group of guys!
Question for anyone, I noticed that the software was said to be free - but where do you get the datafeed? Are there any brokers that have a demo which will not expire? So you can use the demo for datafeed and charting on MT4 and have your live account with EFX(or anyone else).
Please advise, any help greatly appreciated.
Looking forward to future posts!

Thanks!
Pftick
  • #228
  • Mar 7, 2007 9:02am Mar 7, 2007 9:02am
Quoting 4xMaster
Hi All !

Here is the next version of HAS EA.
It follows exactly steinitz's rules. According to intial backtests the results are not too good, we still need to adjust/optimize it.
You have few parameters to play with:

x_magicNumber = 1234 ==> Just leave it as-is
x_numberOfLots = 2 ==> The number of lots for each trade
x_slippage = 3; ==> slippage
x_stopLoss = 50 ==> Your desired SL
x_3rdTFCloseConfirmation = true ==> you can toggle the 3rd TF confirmation for exit a trade
x_moneyManagement = true ==> if this set to true the x_numberOfLots is ignored and number of lots will be determined according to x_risk
x_risk = 10 ==> The precentage of your account that you want to risk for each trade, relevant only if x_monetManagement is set to true
x_exitByPriceBreak = false ==>You can decide if you want to exit a trade in case the price breaks the HAS candle
x_priceBreakPips = 3; ==> relevant only if x_exitByPriceBreak is set to true. determines the number of pips the price should be above/below the HAS candle in order for it to be cnsidered as penetration.

Please backtest/forward test the EA, and post/PM me all you impressions/suggestions/questions.

Good Luck !

Note: It goes without saying but i'll say it anyway: this EA is still in BETA, use it on your own risk.
Hi FX Master,

I try to dabble in coding primarily by cutting and pasting, and I would like to incorporate the HA indicator in an EA but I don't know what output to use to identify the changes from blue bar to red and vice versa.

If you can help me it would be appreciated. PM me if you prefer.

Any EA I develop will be shared but it would primarily be used for entry and exits. The direction would be determined by seperate cyclical analysis.

Keep up the good work on your EA. I think this may have good potential.

Many thanks.

G-Man
  • #229
  • Mar 7, 2007 9:03am Mar 7, 2007 9:03am
Welcome pftick!

I second that question - any recommended brokers (MT4 compatible) would be greatly appreciated!



Quoting pftick
Hello everyone,

I must say that I have just found this thread a couple of days ago and really like the way this indicator represents the price movement. Great job Steinitz!
I also am enjoying the banter, this is a great group of guys!
Question for anyone, I noticed that the software was said to be free - but where do you get the datafeed? Are there any brokers that have a demo which will not expire? So you can use the demo for datafeed and charting on MT4 and have your live account with EFX(or anyone else).
Please advise, any help greatly appreciated.
Looking forward to future posts!

Thanks!
Pftick
  • #230
  • Mar 7, 2007 9:04am Mar 7, 2007 9:04am
Quoting pftick
Hello everyone,

I must say that I have just found this thread a couple of days ago and really like the way this indicator represents the price movement. Great job Steinitz!
I also am enjoying the banter, this is a great group of guys!
Question for anyone, I noticed that the software was said to be free - but where do you get the datafeed? Are there any brokers that have a demo which will not expire? So you can use the demo for datafeed and charting on MT4 and have your live account with EFX(or anyone else).
Please advise, any help greatly appreciated.
Looking forward to future posts!

Thanks!
Pftick
Try looking at Crown FX for a long term demo.

G-Man
  • #231
  • Mar 7, 2007 9:06am Mar 7, 2007 9:06am
Quoting G-Man
Hi FX Master,

I try to dabble in coding primarily by cutting and pasting, and I would like to incorporate the HA indicator in an EA but I don't know what output to use to identify the changes from blue bar to red and vice versa.

If you can help me it would be appreciated. PM me if you prefer.

Any EA I develop will be shared but it would primarily be used for entry and exits. The direction would be determined by seperate cyclical analysis.

Keep up the good work on your EA. I think this may have good potential.

Many thanks.

G-Man
You should use the iCustom function for the different 4 modes.

Did you try my EA? If you did what are your observations?

Regards
The 4xMaster Here a Pip, There a Pip, Everywhere a Pip Pip
  • #232
  • Mar 7, 2007 9:09am Mar 7, 2007 9:09am
http://www.metatrader.info/node/31

It contains the download instructions and seems to include data as well-
It looks like InterbankFX provides data, I see nothing about expiry. Just check the sign up for newsletter seems to be the only request on their part.

Take a look -let me know what you think -

Hey stepwise, I'm also A Tradestation user, Maybe a couple of converts in the making??
Talk to you soon -gotta go get a Starbucks and download this thing

pftick
  • #233
  • Mar 7, 2007 9:12am Mar 7, 2007 9:12am
Here's 2 MT4 data feeds for
Demo Accounts that do not expire:

http://strategybuilderfx.com/

http://www.northfinance.com/eng/open-demo-account/

North Finance feed also includes metals, indexes (DOW, SP500, NASDAQ etc.) and futures.
"You Never Know.....Until You Find Out."
  • #234
  • Mar 7, 2007 9:12am Mar 7, 2007 9:12am
Quoting G-Man
Try looking at Crown FX for a long term demo.

G-Man
Has anyone had any experience with StrategyBuilderFX MT4?
  • #235
  • Mar 7, 2007 9:16am Mar 7, 2007 9:16am
Thanks G-Man, goldenequity, your quick reply is much appreciated!!
Ok - I need some coffe, back in a flash!

pftick
  • #236
  • Mar 7, 2007 9:23am Mar 7, 2007 9:23am
Hi 4xMaster,

Got the EA working. Trouble was I had too small account to run the MM settings I had, so it was reporting invalid lotsize.

So I have it working and I will continue to test on a 1min Chart out of interest.

Mind you, 1 failed trade 2 open trades, and its $180 in profit in 30 minutes on a single lot !

So its an exicting start anyway !
  • #237
  • Mar 7, 2007 9:27am Mar 7, 2007 9:27am
WOW, friends.

Im excited to tell you that after re-checking and optimize my EA, im starting to get very encourging results from my backtest.

Here is an example: backtesting the EA for 2 months from 1/1/2007 to 3/2/2007 (jan to march) on GBP/USD n 30m base TF gave me the result of 52% increase of the inital amount.

Attached you can find the detailed statement.
I need your help in backtesting the EA as much as possible for optimize it to the best configuration possible and we'll be on our way to a VERY successfull EA (i.e money machine).

So start check it, and give me your observations !

im attaching also an illustration of part of these trades.
Attached Image
Attached File(s)
File Type: zip 4xMasterHAS.zip   8 KB | 964 downloads
The 4xMaster Here a Pip, There a Pip, Everywhere a Pip Pip
  • #238
  • Mar 7, 2007 9:31am Mar 7, 2007 9:31am
That's great 4xMaster!

Quick question - isn't there a danger of over optimizing an EA to a certain data set? If the EA is fully optimized then that means it is "fitted" for the testing period and would not show consistent results from other months / years.

Unless I'm missing something....

Quoting 4xMaster
WOW, friends.

Im excited to tell you that after re-checking and optimize my EA, im starting to get very encourging results from my backtest.

Here is an example: backtesting the EA for 2 months from 1/1/2007 to 3/2/2007 (jan to march) on GBP/USD n 30m base TF gave me the result of 52% increase of the inital amount.

Attached you can find the detailed statement.
I need your help in backtesting the EA as much as possible for optimize it to the best configuration possible and we'll be on our way to a VERY successfull EA (i.e money machine).

So start check it, and give me your observations !

im attaching also an illustration of part of these trades.
  • #239
  • Mar 7, 2007 9:38am Mar 7, 2007 9:38am
Quoting 4xMaster
WOW, friends.

Im excited to tell you that after re-checking and optimize my EA, im starting to get very encourging results from my backtest.

Here is an example: backtesting the EA for 2 months from 1/1/2007 to 3/2/2007 (jan to march) on GBP/USD n 30m base TF gave me the result of 52% increase of the inital amount.

Attached you can find the detailed statement.
I need your help in backtesting the EA as much as possible for optimize it to the best configuration possible and we'll be on our way to a VERY successfull EA (i.e money machine).

So start check it, and give me your observations !

im attaching also an illustration of part of these trades.
Good work. I have one concern though, the moment you start to ptimise it, you are going down the road of curve fit. Never good, or at least not always. Only speaking from experience, but I would be inclined to concentrate on forward testing it rather than backtesting it for optimisation. You can make a straight MA cross profitable if you optimise it! But only on the backtest.
  • #240
  • Edited 9:55am Mar 7, 2007 9:44am | Edited 9:55am
Quoting stepwise
That's great 4xMaster!

Quick question - isn't there a danger of over optimizing an EA to a certain data set? If the EA is fully optimized then that means it is "fitted" for the testing period and would not show consistent results from other months / years.

Unless I'm missing something....
Actually i didnt make any special changes in the original steinitz rules. i just optimized few technical programmatical issues. the rules are the same rules. ofcourse we still need to check it on various time frames and on various different currencies.
The 4xMaster Here a Pip, There a Pip, Everywhere a Pip Pip
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