Steve.
Weekly Range Method 59 replies
Method needed for Range trading 3 replies
bo7a method... method for GBP/JPY 205 replies
Synergy Method For Scalpers and Scalpers Hourly Range Calculator (Based on TSR) 22 replies
The Weekly Opening Range Method 28 replies
DislikedI've spent some time taking some notes on another system that uses the COG line with possible entries away from the center for the various pairs. This is attached for those interested. My plan is to test the EA using these settings on several pairs.Ignored
DislikedI've altered the EA to make trades at distances away from the center on various pairs of from 75 away, to 225 away. This is based on another thread, which is now closed, that uses a COG line, similar enough to the 40 MA as a center point. I posted the sheet a few posts back. If I wanted to be a little more conservative, I could increase the starting points to a more extreme level of 100 to 300 away depending on the pair I have the EA set on.
I really don't mind the fewer trades at all. I see that I'm getting a bargain price when the EA automatically...Ignored
DislikedNothing scientific here, but in looking back at the MA line and distances away, I've come up with some entries on the safer pairs with a few big movers thrown in. I really like the idea of the entry being at extremes of the MA line. Will report as to my results. Just started today:
[font=Times New Roman][size=3]EUR/CHF...Ignored
Dislikedwould someone be able to pm me for a novice explanation of how to change the code so I can put experiment with what paradoxical is saying regarding other currency pairs... In the other EA i jsut changed it in MT4 not the metaeditor so im a tad oblivious...Ignored
DislikedHere you go, just alter the "buffer" variable to whatever you want.
warning: this will now work on the time frame the chart is set to, so don't flip between TF's while the EA is running!Ignored
DislikedVery cool, Arnold. The buffer value on the EA is 800, which is 80. I assume that if I want to enter at 120 pips away, I just change it to 120 (1200 on 5 digit brokers). Is this EA based off the 40 MA or the ATR? If it's the ATR, how can I determine where the starting point is? Thanks.Ignored
Dislikedthere's no ATR in this one, the atr is replaced by whatever number you input as a buffer.
yes 800=80 & 1200=120.
you might be interested in the EA I posted on the AUD/NZD thread it is the same but now with spread control.Ignored
DislikedAm I correct in that what we actually have here is an ea that is now a base ea that can be made to behave like all the others by just changing the values in the input tab, without having to compile a new one? That's awesome...Ignored
DislikedBob, i saw your post on the AUD/NZD thrtead, and don't want to post there on this, so as not to confuse that thread. You said you're experimentiung with a 60X35 EA, and it can be used on 10 pairs. That's what I'm looking at, also, and trying to determine good settings to avoid getting stopped on those swings in October and December. I'm looking at the 60X40 with 5 entries. I noticed the lesser trades usiung the 5 moinute chart, but that one does seem best, as it gets you into trades later, shaving pips off your initial entry. Your 80 PIPS away seems...Ignored
DislikedI am looking at some math numbers for that. You calculate how many pips you are playing at the time. If you are at 2 lots a pip or 2.00 apoint and you are using a 60 TP and you are 200 in the hole. If you put on the 60x35 and it reenters every 35 you would be 270 in the hole. OK 60 pips from that point x 2.00= 120 or still 150 in the hole. You calculate what lot you need for the 5th level of the 60x35 and you use 1.5 x60 = 90 or a 60 dollar loss. Even if the 60x35 has to go a couple of levels you bring the EA range in where you can do something...Ignored
DislikedGentleman,
Backtesting this ea on the AudNzd from 1/1/09 to 1/15/09 and using the variable spread set to 56 pips you will find that, at least with the data I have, it basically breaks even with the wild price swings. I also limited the EA to 3 trades and told it to use $15.00 usd as the base amount and .01 trades. Interesting to see, that if you had set the levels properly, and run on a 30 min time frame, you would have survived that big move with a .50 cent gain. Anyway, for what it is worth. I am testing it now on AUD/CAD and it shows...Ignored