EOD -1 day hold

Here's a non re-paint version of the ADX Cross.

The arrow DOES appear during the currect candle. I use it with great results on the 5m (not alone) and experience zero re-paint.

thx,
todd

hey bambam / Todd

Thanks for the input .. This is what its all about sharing moving forward I was told it was none repaint version I was going to post the code but its just double dutch to me...

Thanks again ..we post what we know thats all we can do

Cheers

Paulus

Im not giving up on this Im already working on another idea for the 1 day hold principle

But here is my thoughts

1. A long signal has to be generated on a down candle so we get in low and benifite from a daily up candle close the next day,visa versa for shorts
2. We need to identify some sort of trend
3. We need to enter on a pull back

Im looking at some thing now that may just work that doesn't repaint and that gives nice signals.I love the idea of holding just for 1 day and closing no moving of stops no investment of time

If we apply abc above I belive we have the edge coupled with the normal MM of 2.5 or 5% risk per trade I think it will work

Paulus

Hi Paulus
You seem to be concentrating on this 1 day hold principle. I kinda liked the EOD Trading System. I think it is logical and robust. Or is there a shortcoming that we should be aware of that we need the 1 day hold for. Just curious to find out?

You say that ideally we should enter long on a down candle or a retracement, how does one know if it will be a down candle without the candle being closed? I think if we all knew that, we would all be making money....

we enter at the end of the day if its a down candle an EA can easily do this for us.

All we are trying to do is stack the odds in our favour

Paulus

ok

We still need a trend we still need a pull back and we still need to go long on a down candle and short on an up candle.

I believe for a 1day hold and holding all day this gives us the best chance.

Using the ADX none paint we get the following 18 entries which on thier own are not great

Now look at the close up of the same chart ,very few longs on down candles and shorts on up candles

If I use the above non-repainting indicator - my mt4 platform crashes with a system failure. Why is that ?

Now look at the same chart but we apply 1 rule

At the moment we have just an arrow when ever the adx crosses to give us a potential long period or a potential short period

So we have what is possible an new trending peiod what we want now is a pull back and rather than an indicator I will use the price action itslef.

Rule

We get a down adx signal on a down bar - we do NOT go short but wait for an up bar ..wh.ne we get an up bar at the end of the day we go short.

We get an up adx signal on an up bar - we do NOT go long but wait for a short bar .. when we get a short bar at the end of the day we go long

The only time this doesn't apply is when we get an adx long signal ON A DOWN BAR WE ENTER LONG ON THAT BAR

or signals SHORT SIGNAL ON AN UPBAR WE GO SHORT ON THAT BAR

Exit

the end of the following day we hold for 1 day only

If you look at the same close up of the same chart you will see Black arrows on the entry.

the 1st is an ADX up signal .. trend in place .. we then want a pull back ...a down bar... we get it 1 day later and go long at the end of that down bar day.... we close the following day.

the following trades you see on my chart give

+74 +33+1+88+77+15 - not bad for 1 day 1 trade

EURUSD last year dec to dec made 1000 pips net profit over 18 trades 14 of which were winners.

tracking several pairs would give a very good return if each chaecked out

I lioke this idea its simple and quick to use and as we have the indicator an EA would be easy to write if one knew how

have a play here is the indicator

Global

I have had that when trying to use several indicator people send me

All I can recommend is that you down load another MT 4 platform and try just 1 chart with an indicator on it

I did send an email to Alpari about this but as yet I havnt had a reply

Paulus

Interesting - thank you.
Maybe I need to just update the current build ?
Will give it a shot.

please dont forget this hasnt been tried and tested but seems a good foundation to build on

P

I attached the indicator again. I havn't had any problems with it myself. Anyone else having crashing problems?

thx,
todd

This indicator works fine now.
Maybe because it´s a mq-file ? Doesn´t matter - looks alright now.
Thank you for your efforts.

I think both files are needed. ex4 and mq4. I only download files. Havn't been uploading any lately. sorry

Maybe someone with more experience can confirm this for me on what if both files are needed.

thx,
todd

Hey Paulus,
I guess I'm waiting for you to answer Okehiedon's question...I also like your old EOD system with the T/P based on the ATR. Is there something wrong with that one?

BTW, Thanks for your great systems!

Hi

No there is no short coming of the end of day system Im still using it and its doing very well.

I have always sought out new systems its part of me..some people trade some people trade and invent some people post here and never trade others just trade and do so on thier own they do not wish to belong to any sort of community and do not ish to share thier experiences

I always look for ways to make money from the markets..If you can have 2 or 3 systems running why not ..when ever I get an idea I have to have a look

For example head and shoulder patterns on 20 swaps could be very very profitable if some one could write an indicator for it..its based on market Psychology.They nearly always mark trend reversals and often results in a very good move which gives excellent Risk reward ... and to be quite honest Im serioulst thinking of strating a thread just on this one pattern alone

some screen shots they occur on all time frames and on every swap because its the thousands of traders trading out there that creates the pattern ..so if any coders are looking at this and want a go at coding an indicator drop me a line I will give you the spec for a true head and shoulders with entry via the stochastic

Paulus, here's and EOD that been working for me.

All charts available with any broker. I drag signals 7 onto charts set to weekly (10080) and daily (1440) and several other smaller tf. When the weekly and daily agree I either short or long with the trend. Entry is either fib 0, 50 or 100 in direction of trend. If it goes against the trend my pending orders are not taken. No sl or tp, I apply this 2protect EA (on it's own chart) with a -300 sl and a 6000 tp. This ea starts to protect profit after it reaches +100 (protects 50) when profit reaches 200 it protects 100, etc., one 2protect ea covers all open and pending orders. I also have a COG indicator on these shots but I'm just looking at it and don't use it. It takes me around 10 minutes EOD to set trades, as soon as you open a chart you know if you have a trade or not. Have not lost -300 in the month or so I've been using this with steady daily profits from 50 to 200. Also included the mini version of 2protect.

I think use of Adx cross looks promising. Currently I am testing EOD CCI configuration to filter singnals (daily chart)

I wait for ADX cross from indicator posted on this thread.

if ADX cross signal show short and CCI under 0 and next daliy candle retraces to 40% pips of signal bar -> enter short

if ADX cross signal show long and CCI over 0 and next daliy candle retraces to 40% pips of signal bar -> enter long

T/P and S/L still evaluating... also I am considering use of stohastics as in EOD signal.

P.S EOD "original" signal still rules, and I think it is important to underline newcomers that this thread is not here because original "EOD" system failed. Paulus maybe you can rename this thread to something that will resolve this (for example : EOD - 1 day hold version )