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4H 5EMA System's EA

  • #1
  • First Post: Nov 25, 2008 12:28am Nov 25, 2008 12:28am

4H 5EMA System's EA




Sterling (stersuhr) has trusted me with the task of opening and managing this new thread, which purpose is to concentrate all discussions concerning the EA about his system.

The main objective is to discuss here all the EA related issues, like tests, backtests, pairs, timeframes, etc.

If you’re new to the system, first visit the system's thread, in order to learn its rules, located here:

http://www.forexfactory.com/showthread.php?t=111623



Feel free to post here any EA made for this system that you’ll come up with, for checking and testing purposes, but know that there will soon be an official EA, which will be approved by Sterling.

Those who know Sterling, know his effort to teach his system, and teach us to be better traders;
For those who don’t, let me quote him, in a PM he sent to me yesterday:
Quoting stersuhr
(…) It the old saying you can give someone a fish and feed them for a day or you can teach them to fish and feed them for a lifetime. I work to hard to not accomplish teaching people. Thats my reward and if I cant have that I have no reason to do this (…)
For these reasons, once the official EA is approved, Sterling will send it by e-mail, to those who have proved in his thread to have learned the basics of the system.
In order for him to do that, you will have to spend a few days in his system's thread, posting and discussing the signals the system is giving at the moment.

I hope we can all make this a thread with the same good and healthy discussion, as seen in the system’s thread
  • #2
  • Nov 25, 2008 4:01pm Nov 25, 2008 4:01pm
Not that Sterling needs my testimony, but for the 2 weeks or so I have spent on his original thread, I have learned so much from all of you guys. The fact remains that his giving attitude has touched everyone on the thread that it's become the theme of the thread. I am glad to see this new thread.

I must end with a small joke, which Sterling's PM to you reminded of, about the saying involving teaching fishing and all. I have seen this funny saying on a sign for a Florida Bait & Tackle shop. It said: Give a man a fish, feed him for one day. Teach a man to fish, sell him bait and tackle for the rest of his life... LOL
  • #3
  • Nov 25, 2008 4:08pm Nov 25, 2008 4:08pm
..good to see you here tonirai - I like the 'there will soon be an official ea' bit and it's good to see that they're not rushing one out and presumably giving it a thorough test..
  • #4
  • Nov 25, 2008 4:31pm Nov 25, 2008 4:31pm
Good to see this thread started. Been trading this system manually for a couple of weeks and it seems to b pretty profitable. I don't know much about programming but will help out however I can. I hope the "official" ea will b as profitable as manual system. Look forward to seeing the ea. Let me know if I can help out. I think I have a fairly good hold on the system.
  • #5
  • Nov 26, 2008 1:55am Nov 26, 2008 1:55am
I've been waiting for a good EA since the system started. I'm looking forward to backtesting the system on 6 hr and 8 hr charts. Also maybe the EUR/JPY and the AUD/USD. I've been trading the basic system live since we've started, and have done well in spite of several mistakes I've made. A few were to my advantage. I've also traded the EUR/JPY but with very small funds. Did well until the recent choppiness.
Michael
  • #6
  • Nov 26, 2008 2:42am Nov 26, 2008 2:42am
Quoting petersurrey
..good to see you here tonirai - I like the 'there will soon be an official ea' bit and it's good to see that they're not rushing one out and presumably giving it a thorough test..
You are right - the group involved in making/testing/approving the EA is taking its time to do the things right, with no rush, no pressure, because we want it to exactly replicate the rules and the manual trading of the system.

When the green light will come, it will be announced both here and on the system's thread
  • #7
  • Nov 26, 2008 2:46am Nov 26, 2008 2:46am
Quoting alllivemind
I've been waiting for a good EA since the system started. I'm looking forward to backtesting the system on 6 hr and 8 hr charts.(...)
We will get the chance to do all those things - if I might add, why not a smaller timeframe too (like the 3H)?
  • #8
  • Nov 26, 2008 2:52am Nov 26, 2008 2:52am
Some might ask why this thread wasn't started on the programming discussion's forum;

Well, I thought about it.
But the purpose of this thread isn't making nor modifying the EA - it's to discuss its trading, whether it's on the pair & timeframe it was design to trade, or in others.

So the correct forum is here, on trading systems' forum.
  • #9
  • Nov 26, 2008 8:20am Nov 26, 2008 8:20am
Hi Tonirai,

I'm not sure whether this is possible but it may be useful for the proposed EA to use different timeframes to enter and exit trades. One idea I have is to use 8hr for a new signal and 4hr once we're in a trade.
  • #10
  • Nov 26, 2008 7:29pm Nov 26, 2008 7:29pm
Quoting amari
Hi Tonirai,

I'm not sure whether this is possible but it may be useful for the proposed EA to use different timeframes to enter and exit trades. One idea I have is to use 8hr for a new signal and 4hr once we're in a trade.
Well, what I can tell you is that it's not possible for the proposed EA (official EA);
This EA is meant to exactly replicate the system as it is.

You are welcome to test your ideas, though;
I would suggest you do it manually first (can even compare then in the system's thread), and if you come out with some consistent promising results, you could then study the possibility of building an EA for it.

The approach we stand for is to first have a consistent manual system - only then consider making an EA of it. Not the reverse.

Believe me, this EA is taking weeks to be build by a professional, with "only" these rules
  • #11
  • Edited 11:22am Nov 27, 2008 9:41am | Edited 11:22am
Hi tonirai.
I'm glad u start this thread .
I have some questions and be glad if u can help me.

1)like u can see on pic on bar A I have order buy , when A closed , I open revers sellstop with based stoploss from bar A , which trigered and I am in sell .
When bar B closed I need changed my stoploss and made it like high from bar B plus 5 and from now it will be my based or no ?
After B closed , I also opened buystop , which been deleted after D bar closed .
After C bar closed I changed stoploss for sell , and made it like high from B plus 5
What I need do with stoploss for my revers trade after D closed? I need back them to based (rule 50%)or something else?

2) how we can start trade after weekend pause?
a) first variant when platform start , on bar E we have signal sell from previous bar and opened sell
b) second variant we wait and make decision what to do when bar E closed
thanks so much
good luck
Peter

EDIT

I find answer for first question
I need changed stoploss for revers order sell only when High from bar B higher as high from bar A and now it be mine basic stoploss
am I correct?
and I can't find answer for second
please help me if it's possible
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 27 KB
  • #12
  • Nov 27, 2008 12:08pm Nov 27, 2008 12:08pm
Let's try to sort it out, I think there's some problems, highlighted in red. Then:

Quoting pitpiter
1)like u can see on pic on bar A I have order buy , when A closed , I open revers sellstop with based stoploss from bar A , which trigered and I am in sell .
Before A you were short, and had a setup bar to go long;
When A started (when the previous has closed), you've placed the SL & buy stop above the previous bar's high, and a SL on the pending buy below the previous bar's low;
Bar A was a reversal bar - in it, you were stopped on the short and triggered the long;
When bar A closed, you realize you're long but almost triggering its SL, which stays below the previous bar's low (because it's the lower low);
The bar is a setup bar to go long, which you already are;
Bar B opens;
Since the reversal bar A is closed, you must now place a sell stop below the previous lowest low (bar before A, where the SL on the long is);
That sell stop has a SL above the high of A;

Quoting pitpiter
When bar B closed I need changed my stoploss and made it like high from bar B plus 5 and from now it will be my based or no ?
After B closed , I also opened buystop , which been deleted after D bar closed .
Bar B continued to go down, triggering the SL on the long and entering the short at the same time;
Bar B closes, and is a setup bar for a long, so you move the short's SL to above the high of B, and place a buy stop there too (which SL is at low of B);

Quoting pitpiter
After C bar closed I changed stoploss for sell , and made it like high from B plus 5
When bar C closes, you are still in the short trade, and it didn't make a lower low neither a higher high;
So SL & buy stop stay where they were already;

Quoting pitpiter
What I need do with stoploss for my revers trade after D closed? I need back them to based (rule 50%)or something else?
When bar D closes, it's the second consecutive bar that is not a reversal bar;
The SL stays above bar B, which is the bar that triggered the short, because 50% rule doesn't apply (I checked on my chart, and from the trade's entry until the close of D there's less than 100 pips - it only applies above 150 pips)

Quoting pitpiter
2) how we can start trade after weekend pause?
a) first variant when platform start , on bar E we have signal sell from previous bar and opened sell
b) second variant we wait and make decision what to do when bar E closed
Your a) option is the right one:
Last bar before weekend was a setup bar to a short, so we "imagine" the seel stop below it;
Since the gap openned below that, we enter short at opennning, with SL above last bar's high.
  • #13
  • Nov 27, 2008 12:49pm Nov 27, 2008 12:49pm
Quoting tonirai
Bar B continued to go down, triggering the SL on the long and entering the short at the same time;
Bar B closes, and is a setup bar for a long, so you move the short's SL to above the high of B, and place a buy stop there too (which SL is at low of B);



When bar D closes, it's the second consecutive bar that is not a reversal bar;
The SL stays above bar B, which is the bar that triggered the short, because 50% rule doesn't apply (I checked on my chart, and from the trade's entry until the close of D there's less than 100 pips - it only applies...

3.) Lets say you got a buy signal and price went 80 pips in your favor and then went against you and stopped you out, at which point you reversed the trade according to the rules. So where would you put your stop? Your stop would be placed 5 pips above the high from when you got in the trade. If you get stopped out of your reversal trade you do not put another reversal trade in the market. Refer to post #485 for a example and a chart explaining it. To put it another way im going to quote viperzz ,"Your stoploss for the reversal order should be placed 5 pips above the high of the initial reversal bar that triggered the buy trade once closed, as new bars are formed from then on and if with a higher high, the reversal order stoploss should then be moved above the most recent candle with highest high until proper setup bar is formed in the opposite direction."
from this rule , I understood like , I'm write before , after bar D close I need move my stoploss back to High from bar A
Thanks so much for ur help , I fixed it and I think I can give this pro for testing tomorrow
good luck
more pips
Peter
  • #14
  • Nov 27, 2008 4:40pm Nov 27, 2008 4:40pm
Quoting pitpiter
from this rule , I understood like , I'm write before , after bar D close I need move my stoploss back to High from bar A
Thanks so much for ur help , I fixed it and I think I can give this pro for testing tomorrow
good luck
more pips
Peter
In this situation (bar D), the rule to apply is rule 4 of Entry:

4.) (...)If a proper reversal bar does not follow the setup bar within 2 bars the trade is not taken, and you wait for a new setup bar which can be as soon as the next bar. In this case the low of the failed setup bar which is now invalid is not of any importance anymore. The new setup bar only has to meet the basic criteria of piercing the 5EMA by a minimum of 5 pips to be a valid setup bar.
And additional information missing is that the SL returns to the original place where trade was triggered, except if 50% rule applies.

But the SL has to be moved to high of bar B (not A), because trade was triggered at B.

Regards.
  • #15
  • Nov 28, 2008 3:55am Nov 28, 2008 3:55am
thanks so much , I get it
I didn't sure about moving stoploss from high bar A to high bar B , now it's clear
good luck
Peter
  • #16
  • Nov 29, 2008 7:02pm Nov 29, 2008 7:02pm
Hello.
I want ask about testing this pro. I'm tested it on history data and find one place , when I can't understood why it's happen . Like u can see on pic , on bar A must be close revers order , which been opened on previous bar and open basic order buystop. If u find more place like that please reply , may be it's help me find bug.
I think setting for pro is not problem , just one important think - I use 2 magic number and then must be different
good luck
Peter
Attached Image (click to enlarge)
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Attached File(s)
File Type: ex4 4H5emaEA.ex4   28 KB | 634 downloads
  • #17
  • Nov 29, 2008 7:44pm Nov 29, 2008 7:44pm
I've been following Sterling's thread, and testing out the EA posted there. I've made a small modification to add in fixed-percentage MM, which adjusts the lot size of each trade so there is always the same amount of capital at risk in each trade.

I'd like to share, but don't want to throw a wrench in the testing. Would it be helpful to post that change here?
  • #18
  • Nov 29, 2008 7:55pm Nov 29, 2008 7:55pm
Quoting k1_
I've been following Sterling's thread, and testing out the EA posted there. I've made a small modification to add in fixed-percentage MM, which adjusts the lot size of each trade so there is always the same amount of capital at risk in each trade.

I'd like to share, but don't want to throw a wrench in the testing. Would it be helpful to post that change here?
I asked the starter of this thread so if you guys have any questions reguarding the EA please PM him if you have any questions about the EA or posting new things to the EA.

-Sterling
Founder of Day Trading Forex Live
  • #19
  • Nov 30, 2008 4:13am Nov 30, 2008 4:13am
Quoting pitpiter
Hello.
I want ask about testing this pro. I'm tested it on history data and find one place , when I can't understood why it's happen . Like u can see on pic , on bar A must be close revers order , which been opened on previous bar and open basic order buystop. If u find more place like that please reply , may be it's help me find bug.
I think setting for pro is not problem , just one important think - I use 2 magic number and then must be different
good luck
Peter
I think the problem might be related to one Duncan also had in the official version's building:
When the setup candle closes near its high, the server might reject the request of putting a limit order above that high, because it's too near.

By the way, I noticed a misinterpretation of the rules in your chart. I'm not home, so I've used paintbrush to edit yours . See below:
Attached Image
  • #20
  • Nov 30, 2008 4:27am Nov 30, 2008 4:27am
Quoting k1_
I've been following Sterling's thread, and testing out the EA posted there. I've made a small modification to add in fixed-percentage MM, which adjusts the lot size of each trade so there is always the same amount of capital at risk in each trade.

I'd like to share, but don't want to throw a wrench in the testing. Would it be helpful to post that change here?
Can you please remind us where (which post) was it posted in the thread?
Just to read what people said about it... but I suppose it might not be following the rules right, because I think none was;
It can be interesting. But it would have to be added into a "by the rules" EA.
If that one isn't, maybe we should wait until one that does comes out.

You probably mean the modification you made is to have the same percentage of capital at risk (not amount)? Clarify, please.
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