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4H 5EMA System's EA

  • #41
  • Dec 2, 2008 7:21am Dec 2, 2008 7:21am
Quoting pitpiter
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
Yes you are right, at the time when Bar C completed you would move the SL for the pending reverse sell to above it's high +spread, you keep moving it to the highest high until a new setup bar is formed in the opposite direction- which was the bar after C.
  • #42
  • Dec 2, 2008 8:19am Dec 2, 2008 8:19am
Quoting pitpiter
bar A is my set up bar for long
when bar A close I put order buystop
Yes;

Quoting pitpiter
on bar B stopped short
Yes, and also triggered long;

Quoting pitpiter
after B close I put revers order with stoploss high from B , because its higher as high from A (start place)
Yes;

Quoting pitpiter
on bar C stopped long
Yes, and also triggered short;

Quoting pitpiter
after C close I change stoploss for short on high from C (1 place)
bar C also set up bar for long
Yes;

Quoting pitpiter
I change stoploss for short , made it like open price for pending buystop order (just spread different) (2 place)
stoploss from short was already changed in the above line;
You place the buy stop at the same price as the stoploss of the short (both are buy operations, spread applies and is the same);

Quoting pitpiter
after bar D close I deleted pending order and move my stoploss back to the 1 place
You move it back to the original stoploss place, when you entered the short, and that was the high of B.
  • #43
  • Dec 2, 2008 8:23am Dec 2, 2008 8:23am
Quoting viperzz
Yes you are right, at the time when Bar C completed you would move the SL for the pending reverse sell to above it's high +spread, you keep moving it to the highest high until a new setup bar is formed in the opposite direction- which was the bar after C.
Correct.
  • #44
  • Dec 2, 2008 8:32am Dec 2, 2008 8:32am
Quoting viperzz
Yes you are right, at the time when Bar C completed you would move the SL for the pending reverse sell to above it's high +spread, you keep moving it to the highest high until a new setup bar is formed in the opposite direction- which was the bar after C.
thanks so much for clearing this
good luck
Peter
  • #45
  • Dec 2, 2008 8:34am Dec 2, 2008 8:34am
Quoting tonirai
Yes;


Yes, and also triggered long;


Yes;


Yes, and also triggered short;


Yes;


stoploss from short was already changed in the above line;
You place the buy stop at the same price as the stoploss of the short (both are buy operations, spread applies and is the same);


You move it back to the original stoploss place, when you entered the short, and that was the high of B.
Thanks so much , Toni.
You like always give full answer
good luck
Peter
  • #46
  • Edited 7:08am Dec 3, 2008 7:07am | Edited 7:08am
Thanks Toniraj for picking up this EA project.

Don't know much about coding.
Just want to share some of my ideas: (probably repeating some other input in this thread)
1) A pure bare bones system that follow the original ideas to the letter without any other indicators or management what so ever - with the relevant MAs (4, 5, 6 etc) set for external input so calibrating can happen on an ongoing basis for different pairs.
2) Money management included on a modular basis - so it can be switched off by //ing some lines.
3) Inclusion of some 'probability indicators' (whichever they may be) that would directly influence risk level (1,2,3,4 or 5%) of each trade. Lets say you got a signal to go long. If the Stoch, AC, MACD or whatever it may be pointed in the same direction a higher percentage risk would come into force... These too on a 'modular' basis - easy to switch off.
4) Part profit taking based on resistance support levels. The other part to run the distance of the trade...
Sounds like a wish list, but hey it's almost Christmas!
Div
  • #47
  • Dec 3, 2008 7:55am Dec 3, 2008 7:55am
Hi Divyendu,

I understand what you mean, but:

The official EA has been ordered by the system's creator, so it is being made as he wishes, which basically is an EA to replicate the manual trading of the system;
I'm only managing the thread and following the EA's development, but Sterling follows both threads, and if there's something he sees that he wishes to change/add, I'm sure he will.

However, because I know most of the guys interested in the EA will want to try it in other pairs/timeframes, I've asked it to have the EMA period, the 5 pip buffer, and the #pips for 50% rule as external inputs (optimizable), and it has been done.
  • #48
  • Dec 3, 2008 8:38am Dec 3, 2008 8:38am
Ok that fine, Toniraj
Will stick the existing EA on a pair to test it and feedback the result
Best
Div
  • #49
  • Dec 3, 2008 9:29am Dec 3, 2008 9:29am
Quoting tonirai
Hi Divyendu,

I understand what you mean, but:

The official EA has been ordered by the system's creator, so it is being made as he wishes, which basically is an EA to replicate the manual trading of the system;
I'm only managing the thread and following the EA's development, but Sterling follows both threads, and if there's something he sees that he wishes to change/add, I'm sure he will.

However, because I know most of the guys interested in the EA will want to try it in other pairs/timeframes, I've asked it to have the EMA period, the 5 pip...
good to hear that. it seems like this system should work on a number of pairs if you just tweek it a little. works great on gu and would seem to be a good candidate for other pairs.

that will help optomize for others!!
interested to see how it will fair on other pairs
  • #50
  • Dec 3, 2008 11:51pm Dec 3, 2008 11:51pm
Quoting tonirai
Hi Divyendu,

I understand what you mean, but:

The official EA has been ordered by the system's creator, so it is being made as he wishes, which basically is an EA to replicate the manual trading of the system;
I'm only managing the thread and following the EA's development, but Sterling follows both threads, and if there's something he sees that he wishes to change/add, I'm sure he will.

However, because I know most of the guys interested in the EA will want to try it in other pairs/timeframes, I've asked it to have the EMA period, the 5 pip...
Hi Are we still waiting for a final updated EA? Thanks
My Email For Help: [email protected]
  • #51
  • Dec 5, 2008 7:33am Dec 5, 2008 7:33am
How we start in situation like that after weekend pause?
We close or cancel all trades friday on bar B.
When market open we have Set up bar A (high 1.9223 , low 1.9146) for go long
Open price for bar C - 1.9137 and we sure we will have new lower low.
1)we put pending buystop(price high from A , SL - low from A) , after B close change SL
2) we wait for bar B close and make decision
Thanks so much
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 25 KB
  • #52
  • Dec 5, 2008 11:04am Dec 5, 2008 11:04am
One more question.
On bar A we put order sell
Bar B is set up bar for buy and after B close we put buystop order
On bar C we stop sell and triggered buy
Bar also set up bar for sell , after C close we put sellstop order
After D close we have 2 oversal bars and stoploss for buy moved back to basic(low from B) and we canceled sellstop.
In this situation we stay just with open buy or need put on market revers order ?
Thanks
Peter
  • #53
  • Dec 5, 2008 11:05am Dec 5, 2008 11:05am
Sorry , here is pic for the question
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 30 KB
  • #54
  • Dec 5, 2008 11:17am Dec 5, 2008 11:17am
Quoting pitpiter
How we start in situation like that after weekend pause?
We close or cancel all trades friday on bar B.
When market open we have Set up bar A (high 1.9223 , low 1.9146) for go long
Open price for bar C - 1.9137 and we sure we will have new lower low.
1)we put pending buystop(price high from A , SL - low from A) , after B close change SL
2) we wait for bar B close and make decision
Thanks so much
Peter
The bar B didn't trigger a long? If not:
When you closed the trade on Friday, your stoploss for the short was above bar A, right?
So because bar C openned below it, it's like a second reversal bar - you re-enter short at the openning, with stoploss and pending buy stop above A;
When C will close, it will become your new setup bar, and you'll act accordingly.
  • #55
  • Dec 5, 2008 11:59am Dec 5, 2008 11:59am
Quoting tonirai
The bar B didn't trigger a long? If not:
When you closed the trade on Friday, your stoploss for the short was above bar A, right?
So because bar C openned below it, it's like a second reversal bar - you re-enter short at the openning, with stoploss and pending buy stop above A;
When C will close, it will become your new setup bar, and you'll act accordingly.
Thanks Toni .
And when I have the same situation when I run pro first time I need do the same things?
Thanks
Peter
  • #56
  • Dec 5, 2008 12:05pm Dec 5, 2008 12:05pm
Quoting pitpiter
Thanks Toni .
And when I have the same situation when I run pro first time I need do the same things?
Thanks
Peter
If you mean if the EA has to make those steps - yes.
  • #57
  • Dec 5, 2008 12:21pm Dec 5, 2008 12:21pm
Quoting tonirai
If you mean if the EA has to make those steps - yes.
Yes , I mean that , now I more thinking about how make in EA accurat working from first run and after weekend pause.
  • #58
  • Dec 6, 2008 2:00pm Dec 6, 2008 2:00pm
Hi everyone .
Want be sure about correct reenter after weekend.
On bar A in long
A is setup bar for short.
On bar B stopped long and triggered short.
On bar C short close because friday.
When started D open short (price low , stoploss high from bar A ) , open revers buystop (price -stoploss for short , stoploss - lower between low B and low C)
is that correct or just need wait for signal in situation like that?
Thanks
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 29 KB
  • #59
  • Dec 6, 2008 2:54pm Dec 6, 2008 2:54pm
And what to do in situation like that ?
Reenter long , which close friday (SL and price from A ) and revers (price - SL from long , SL - higher between B-C ) or wait on signal?
Thanks
Peter
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
  • #60
  • Dec 7, 2008 1:11am Dec 7, 2008 1:11am
Quoting pitpiter
Hi everyone .
Want be sure about correct reenter after weekend.
On bar A in long
A is setup bar for short.
On bar B stopped long and triggered short.
On bar C short close because friday.
When started D open short (price low , stoploss high from bar A ) , open revers buystop (price -stoploss for short , stoploss - lower between low B and low C)
is that correct or just need wait for signal in situation like that?
Thanks
Peter
Correct
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