4H 5EMA System's EA | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

TEB 5ema & 12ema and 21 RSI (MTF) 1,730 replies

5EMA hilo system, and EA Idea 18 replies

4H, 5ema crossing 13ema trading strategy 17 replies

4HR 5EMA Expert Advisor 42 replies

when 5EMA crosses out of 55LWMA channel 0 replies

Attachments: 4H 5EMA System's EA
Exit Attachments

4H 5EMA System's EA

  • #21
  • Edited 7:57am Nov 30, 2008 6:05am | Edited 7:57am
Quoting tonirai

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:
Hello , thanks for answer.
I think it's not problem , like I'm understood about stoploss for revers , it's must be high or low from bar where revers trigered and I make in pro the stoploss for revers changed , when close bar , on which trigered revers trade
good luck
Peter
Edit

I also have version when stoploss for revers changed , after bar close , when it's revers puted and if it have sens I can give this version for test, but find another error , sorry
  • #22
  • Nov 30, 2008 6:50am Nov 30, 2008 6:50am
I've been following this thread since the beginning, but I'm still in demo mode. I'll be going live by the end of January and I plan to use this system. Please keep me in the loop regarding the new & improved EA.
" Average traders look to the left, great traders look to the right."
  • #23
  • Nov 30, 2008 9:01am Nov 30, 2008 9:01am
Quoting pitpiter
Hello , thanks for answer.
I think it's not problem , like I'm understood about stoploss for revers , it's must be high or low from bar where revers trigered and I make in pro the stoploss for revers changed , when close bar , on which trigered revers trade
good luck
Peter
The sentence above is wrong:
If you are stopped and you reverse the trade (like in the situation I marked in the chart), the SL on that reverse trade must be the lower low (for a long) or the higher high (for short) made while you were in the previous trade (not from where the reverse was triggered).

I noticed it is wrong on your chart, because that long was stopped too early (the stop should have been lower).
  • #24
  • Nov 30, 2008 11:28am Nov 30, 2008 11:28am
Quoting tonirai
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.
The EA version I was working from is here, post number 1130. I understand that it is not applying the rules correctly, hence the work on an "official" version.

You are correct that I meant the fixed-percentage risk modification adjusts lot size to always have the stipulated percentage of capital at risk in each trade. Sorry to be unclear.

I will happily wait for the official version of the EA.
  • #25
  • Nov 30, 2008 12:04pm Nov 30, 2008 12:04pm
Quoting k1_
The EA version I was working from is here, post number 1130. I understand that it is not applying the rules correctly, hence the work on an "official" version.

You are correct that I meant the fixed-percentage risk modification adjusts lot size to always have the stipulated percentage of capital at risk in each trade. Sorry to be unclear.

I will happily wait for the official version of the EA.
Yeah, I remember it now:
This EA wasn't even from our thread - Corre went to another thread and posted it, to ask if it was correct;
That thread was created by maxss280, with the purpose of building an EA for the system, but got sick and interrupted the work, without ever returning to it - it's an unfinished work.

Let's wait a little more - I know the work is almost over.
Don't know if it has MM features though (I'll ask), but even if not, it might be doable, if not immediately (the priority is having it working by the rules), later.
  • #26
  • Nov 30, 2008 12:18pm Nov 30, 2008 12:18pm
Quoting tonirai
The sentence above is wrong:
If you are stopped and you reverse the trade (like in the situation I marked in the chart), the SL on that reverse trade must be the lower low (for a long) or the higher high (for short) made while you were in the previous trade (not from where the reverse was triggered).

I noticed it is wrong on your chart, because that long was stopped too early (the stop should have been lower).

Hi Toni.
I think , we don't understand each other
For ex , like on pic
On bar A I open long
When A close I put revers order with stoploss high from bar A
On bar C long stopped and I revers trade , I called that revers trigered . After that , when C close I change stoploss for revers on high from C.
is that correct?
Or I need changed stoploss for revers , when B bar close and made them high from B , when I'm put this revers ? - as for this variant don't have sens , but may be I'm wrong...
Sorry for mine english .
good luck and more pips.
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 24 KB
  • #27
  • Nov 30, 2008 2:28pm Nov 30, 2008 2:28pm
ok guys, back from getting my stomach full from thanksgiving. I would like to try out the ea if it has been let out yet. can someone shoot that my way?
  • #28
  • Nov 30, 2008 4:58pm Nov 30, 2008 4:58pm
I admit I'm having some difficulties in understanding your explanations... but I'm doing my best
I know before you were asking one thing, and I pointed out another one - that's because I noticed a misinterpretation of the rules in your trade;
But I also was thinking your charts had the same candle time as mine, and relied on that to support some of my answers - now I see that was wrong.
Anyway, this trade has mistakes at the beginning, so it's hard to see your point forward:

Quoting pitpiter
On bar A I open long
When A close I put revers order with stoploss high from bar A
On bar A you shouldn't be oppening anything, because the setup bar is the second bar before bar A, and its high wasn't broken;
So in that sense, bar B should be the new setup bar.

Regards,
Toni.
  • #29
  • Nov 30, 2008 5:04pm Nov 30, 2008 5:04pm
Quoting jtmoore007
ok guys, back from getting my stomach full from thanksgiving. I would like to try out the ea if it has been let out yet. can someone shoot that my way?
Hi,
It's not ready yet, but almost.
Anyway, you should read the first post about Sterling's conditions for giving the EA
Unless he changes is opinion...

Regards,
Toni.
  • #30
  • Nov 30, 2008 5:08pm Nov 30, 2008 5:08pm
Quoting tonirai
Hi,
It's not ready yet, but almost.
Anyway, you should read the first post about Sterling's conditions for giving the EA
Unless he changes is opinion...

Regards,
Toni.
yes read it. and i believe i do understand the system. I have been manually trading this in demo and had pretty good results. That is why I would like to get the ea. see if it is trading the same way as i am. compare the results. be glad to give any comments that anyone might want. but sure i don't mind going to the forum to give comments on current trades to "prove" my self if that is what it takes. Not looking for a handout, just wanting to get the ea to ensure that im trading the same way it is. im pretty sure that im trading it correctly and before i trade live with the ea, i would like to know that it is trading per the rules.

thanks guys

see yall in both rooms
  • #31
  • Nov 30, 2008 5:30pm Nov 30, 2008 5:30pm
Quoting jtmoore007
yes read it. and i believe i do understand the system. I have been manually trading this in demo and had pretty good results. That is why I would like to get the ea. see if it is trading the same way as i am. compare the results. be glad to give any comments that anyone might want. but sure i don't mind going to the forum to give comments on current trades to "prove" my self if that is what it takes. Not looking for a handout, just wanting to get the ea to ensure that im trading the same way it is. im pretty sure that im trading it correctly and...
I can tell you the EA is at testing stage, exactly to do that - compare with the manual trades, and see if it performs by the rules.
But as before, I cannot guarantee it won't have some other issues that may delay its "public appearance" - it has happened before.

I can assure everybody that it is easier for one of us to learn the rules and apply them correctly, than to make the EA work exactly according to those rules! Believe me.

About the "rules" in the first post, for getting the EA:
Please don't get me wrong I'm only following the author's wishes, which I totally understand and support, giving the amount of time and effort put into the teaching of this method.

I'm sure there's a lot of anonymous followers of the thread, who totally understand the rules - myself, I only posted there when I already had a good grip at it, so it's impossible for us to guess who knows what
  • #32
  • Nov 30, 2008 9:23pm Nov 30, 2008 9:23pm
Quoting tonirai
I can tell you the EA is at testing stage, exactly to do that - compare with the manual trades, and see if it performs by the rules.
But as before, I cannot guarantee it won't have some other issues that may delay its "public appearance" - it has happened before.

I can assure everybody that it is easier for one of us to learn the rules and apply them correctly, than to make the EA work exactly according to those rules! Believe me.

About the "rules" in the first post, for getting the EA:
Please don't get me wrong I'm only following...

Yes I completely see where he is coming from. I know there are people out there that see an ea and grab it and see how it does and have no clue what it is even trading. and to be honest I was one of those when i first learned of ea's existence. I know if I put my hard work into an ea I would not want just anyone to have it. So I really do understand, and i would be the same way.

I do however follow the system and feel like it is very strong. im going to be demoing for 1 more week and i plan on going live with a small account next week to see how it behaves in real market.

As far as ea goes. I have a couple that make ok money. nothing to brag about and i want to see if this one can outdo those.

have a good one. lets make some money
  • #33
  • Dec 1, 2008 3:05am Dec 1, 2008 3:05am
Quoting tonirai
I admit I'm having some difficulties in understanding your explanations... but I'm doing my best
I know before you were asking one thing, and I pointed out another one - that's because I noticed a misinterpretation of the rules in your trade;
But I also was thinking your charts had the same candle time as mine, and relied on that to support some of my answers - now I see that was wrong.
Anyway, this trade has mistakes at the beginning, so it's hard to see your point forward:


On bar A you shouldn't be oppening anything, because the setup bar...
Hi Toni.
You are right , like always
This misinterpretation of the rules can be possible just , becose I tested pro from 1 of oct and with start it looking only on previous candle , I will thinking about fixed it. But go back to revers
Now I think it's looking more better
On bar A I put order buy , with signal from previous bar
When A close , I put revers sellstop with stoploss high from A
On bar C long order stopped and trade reversed ( this moment , when order sellstop change to sell , I called triggered revers).
After C close I change stoploss for revers trade ,made it high from bar C.
Is that correct with rules?
Or I need change stoploss for revers after B bar close , made it high from B , and it value be basic stoploss for revers?
Or I need first change stoploss when close B and second change stoploss when close C?
I hope now it's understanding
thanks
more pips
good luck
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 30 KB
  • #34
  • Dec 1, 2008 3:28am Dec 1, 2008 3:28am
Quoting pitpiter
This misinterpretation of the rules can be possible just , becose I tested pro from 1 of oct and with start it looking only on previous candle
Yes, that could be the reason.

Quoting pitpiter
On bar A I put order buy , with signal from previous bar
When A close , I put revers sellstop with stoploss high from A
On bar C long order stopped and trade reversed ( this moment , when order sellstop change to sell , I called triggered revers).
After C close I change stoploss for revers trade ,made it high from bar C.
Is that correct with rules?
All above is correct!
  • #35
  • Dec 1, 2008 3:41am Dec 1, 2008 3:41am
Quoting tonirai
Yes, that could be the reason.


All above is correct!
Thank so much Toni .
good luck
Peter.
  • #36
  • Dec 1, 2008 4:00am Dec 1, 2008 4:00am
To those wishing to have an EA to optimize it:

I must tell you that for now, the official EA hasn't any parameter to be optimized;

In fact, its only input parameters are:
- the lots,
- the spread,
- Friday's closing time.

I've been discussing the possibility to recode the spread part, to make it react to different spreads, and act accordingly if, for example, the spread changes suddenly in a high volatily moment;

But for now the point is having it working by the rules.
Maybe at a later stage, the spread thing, along with adding the EMAs and #number of pips above/below, could be added to inputs.

Could be... but don't take it for granted.
  • #37
  • Dec 1, 2008 5:23am Dec 1, 2008 5:23am
Quoting tonirai
To those wishing to have an EA to optimize it:

I must tell you that for now, the official EA hasn't any parameter to be optimized;

In fact, its only input parameters are:
- the lots,
- the spread,
- Friday's closing time.

I've been discussing the possibility to recode the spread part, to make it react to different spreads, and act accordingly if, for example, the spread changes suddenly in a high volatily moment;

But for now the point is having it working by the rules.
Maybe at a later stage, the spread thing, along with adding the EMAs...
Just my 2 cents
as for me , spread can't be parameter for optimization , and don't need be parameter for input EAs- You have it from broker and in pro may be used operator like that
int spr=MarketInfo(Symbol(),MODE_SPREAD);
in this case EA use brokers spread
good luck
Peter
  • #38
  • Dec 1, 2008 5:32am Dec 1, 2008 5:32am
Quoting pitpiter
Just my 2 cents
as for me , spread can't be parameter for optimization , and don't need be parameter for input EAs- You have it from broker and in pro may be used operator like that
int spr=MarketInfo(Symbol(),MODE_SPREAD);
in this case EA use brokers spread
good luck
Peter
Yes Peter, I know.

It's just that the EA coder, for some reason, didn't start to code the system that way, and has continued focusing on the more important points.
But I have told him that, and we agreed to return to this later, once it will be working properly.

Anyway, thank you for pointing that out
  • #39
  • Dec 2, 2008 6:49am Dec 2, 2008 6:49am
Hi Toni
I'm glad see You again
Please confirm if I'm did correctly or correct if something wrong
bar A is my set up bar for long
when bar A close I put order buystop
on bar B stopped short
after B close I put revers order with stoploss high from B , because its higher as high from A (start place)
on bar C stopped long
after C close I change stoploss for short on high from C (1 place)
bar C also set up bar for long
I change stoploss for short , made it like open price for pending buystop order (just spread different) (2 place)
after bar D close I deleted pending order and move my stoploss back to the 1 place
Thanks
Good luck
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 27 KB
  • #40
  • Dec 2, 2008 7:03am Dec 2, 2008 7:03am
And one question more
bar A is set up bar for long
after A close I put buy stop order
after bar B close I put revers order with stoploss high from bar B , because it higher as high from A
After bar C close we have new higher high
Need I move stoploos for pending revers on high from bar C or stay with old ?
Thanks so much
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
0 traders viewing now