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lyllia's trading system

  • #341
  • Apr 8, 2009 7:09am Apr 8, 2009 7:09am
Hello Lyllia. Great stuff!!!! So I have been following the thread from the begining and I think your system has great promise. I have had the EA up and running since fri. april 3 7 am cst. With the exception of 2 five hour periods, and the weekend, it has been running consistantly.I have tweaked my system a little from Lyllias'. I set my template up with three pairs(gbp/jyp,gbp/usd,eur/usd) on the one hour tf. I only have iinwmarrows running on this template otherwise it would be way to cluttered and noisy.I have lyllias full system up on another page for support and verification.So far since Friday, the EA has produced over 1000 pips with verry little involvement on my part. Ocasionally I would add a trailing s/l if I was in front of the computer but other than that, everything was auto generated.

A couple of things I would change/improve if possible.

1. Instant execution of order when arrow paints instead of waiting for the candle to end.(we are missing too many pips due to the slow entry, and losing more due to the retracement of the candle.)

2. The application of a trailing stop to the EA. When using the EA on higher tf's a person could really get burned on a sudden heavy price swing.

I plan on letting this run for a month and will post my results as the occur.

Once again........ Great stuff lyllia, and thanks!! Jim
Attached Image (click to enlarge)
Click to Enlarge Name: lyllia.gif Size: 97 KB
Attached File(s)
File Type: txt Statement 5469218 - James Jones.txt   7 KB | 530 downloads
  • #342
  • Apr 8, 2009 8:02am Apr 8, 2009 8:02am
Quoting jsj1970
Hello Lyllia. Great stuff!!!! So I have been following the thread from the begining and I think your system has great promise. I have had the EA up and running since fri. april 3 7 am cst. With the exception of 2 five hour periods, and the weekend, it has been running consistantly.I have tweaked my system a little from Lyllias'. I set my template up with three pairs(gbp/jyp,gbp/usd,eur/usd) on the one hour tf. I only have iinwmarrows running on this template otherwise it would be way to cluttered and noisy.I have lyllias full system up on another...
Do you have any idea how many pips the trailing stop will be?
If we could solve the slow entry peoblem, the opposite arrow appears and an instant opened order will close the previous position is my original plan.

For this plane to be achieved:
1.first we have to solve the arrow repaint problem if ther is any.
2.Secondly, we have to let position to be opened when the arrow appeared.
3. there is no server and terminal connection problem.
  • #343
  • Apr 8, 2009 8:04am Apr 8, 2009 8:04am
Quoting jsj1970
Hello Lyllia. Great stuff!!!! So I have been following the thread from the begining and I think your system has great promise. I have had the EA up and running since fri. april 3 7 am cst. With the exception of 2 five hour periods, and the weekend, it has been running consistantly.I have tweaked my system a little from Lyllias'. I set my template up with three pairs(gbp/jyp,gbp/usd,eur/usd) on the one hour tf. I only have iinwmarrows running on this template otherwise it would be way to cluttered and noisy.I have lyllias full system up on another...

Which arrow are you using? the no repaint one? or the original one?
  • #344
  • Apr 8, 2009 8:15am Apr 8, 2009 8:15am
Quoting gutek04
Those are all indicators that I use, when m1 scalping I always check higher TF before going in. And YES, i have repaint problem too but as I wrote before I use IINWMARROWS only as a confirmation.
thanks!
  • #345
  • Apr 8, 2009 8:28am Apr 8, 2009 8:28am
Quoting lyllia
For this plane to be achieved:
1.first we have to solve the arrow repaint problem if ther is any.
2.Secondly, we have to let position to be opened when the arrow appeared.
3. there is no server and terminal connection problem.
I have not seen the arrows repaint. I am using the original indicator, which gives good early signals. Points 2 and 3 are the main problems.
  • #346
  • Apr 8, 2009 8:44am Apr 8, 2009 8:44am
Quoting Corppu
I have not seen the arrows repaint. I am using the original indicator, which gives good early signals. Points 2 and 3 are the main problems.
trading is all about find support and resistance.Only use 3 level zz as a reference for the short term cycle for the TF chart to trade. Once arrow shows up in conjucture with other indicators showing the bottom or top and 3zz shows three.then the Top and Bottom is formed in that TF.hope this help.
  • #347
  • Apr 8, 2009 9:45am Apr 8, 2009 9:45am
Quoting lyllia
Which arrow are you using? the no repaint one? or the original one?
I am still using the original one as I have not seem a modified one posted in this thread. As far as the trailing stop loss is concerned, I would say something in the range of 75 pips. It is mainly for protection on big reversal swings(like if some unexpected good or bad news was released). You still want the arrows to do the bulk of the work in closing positions.
  • #348
  • Apr 8, 2009 10:48am Apr 8, 2009 10:48am
Quoting niksan
forextek,

I trade with FxPro. they have a 5 digit code after the decimal whereas many other systems have 4 digits.

If you see the chart I posted, at the bottom of it you will see the trade details. I traded a 0.1 lot and made almost $80. For eur/usd 0.1 lot, 10 pips = $1.
I see, confussed me at first, so your 800 pips is same as my 4digit 80 pips,, .1 for 5 dig. same as .01 4 digit, thanks for shedding light on it....
  • #349
  • Apr 8, 2009 10:56am Apr 8, 2009 10:56am
sorry corppu,
but i have seen last night 00.00gmt+3 eurusd arrow up to buy then this morning at 8gmt+3 there was an other arrows going down. then this afternoon no more arrow appearing.
regards
  • #350
  • Apr 8, 2009 11:01am Apr 8, 2009 11:01am
Quoting lyllia
Hi Mate,

as I said from very begining,in this system,we focus on arrow trading.If it is relaible and can be self fulfil the buy and sell positions as planned.It would be a simple and effective system for everybody to use. If it does have repaint problem,according to your observation,we try to fix the problem.My 4hr charts arrows all stay none of them disappear.All the other indicators for confirmation only like silver trend signal.sometimes it is very helpful.It does repaint with the PA.
Well it is strange it does not repaint on yours wonder if its a setting, I see it all the time on 4hr and daily, more on 4hr ofcourse. have you laid hayseeds arrows ontop of the other to see if hayseeds has arrows where the older one does not, that would show repainting? Sometimes if you restart your platform it forces the arrows to dissapear if a change in direction has occured. I wish we had a chat room where we could compare the arrows in real time...... notice the screen shot where there are places where hayseeds arrows are there but the older version is not they dissapeared including the usd/jpy long that I am in right now.
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  • #351
  • Apr 8, 2009 11:36am Apr 8, 2009 11:36am
Quoting lyllia
Do you have any idea how many pips the trailing stop will be?
If we could solve the slow entry peoblem, the opposite arrow appears and an instant opened order will close the previous position is my original plan.

For this plane to be achieved:
1.first we have to solve the arrow repaint problem if ther is any.
2.Secondly, we have to let position to be opened when the arrow appeared.
3. there is no server and terminal connection problem.
Would be great to have an audio alert for the arrows aswell...
  • #352
  • Apr 8, 2009 11:45am Apr 8, 2009 11:45am
you are welcome Lyllia

when trading with ea you can use attached emergency ea,s. they close all you trades. put them on separate charts. at first try them on demo.
Attached File(s)
File Type: ex4 CloseTrades_After_Account_Loss_TooMuch.ex4   2 KB | 531 downloads
File Type: mq4 CloseTrades_After_Account_Profit_Reached.mq4   3 KB | 671 downloads
  • #353
  • Apr 8, 2009 11:49am Apr 8, 2009 11:49am
I really think that we should get a live chat room and try to solve and see what going on with this repainting problem that some swear they do not see. The thought of this indy not repainting has my mouth watering. I think Hayseeds new indy shows the arrow on the bar that opens after the signal bar closes where the older one puts arrow on the current bar that produces singal as soon as singal is produced, therefore I think Hayseeds will only paint at the end of the bar not in middle as the old one does. Is this correct Hayseed?

For any indy to produce a arrow in middle of a bar time, must take a risk of repaint if conditions change in same bar (highs get higher ect),

AS I said at top we need a chat room, anyone else like this idea?
  • #354
  • Apr 8, 2009 12:29pm Apr 8, 2009 12:29pm
yes forextek i agree with you about chatroom even if i dont speak good english . it will be great to have a sonor alert when the arrows appears.
  • #355
  • Apr 8, 2009 12:34pm Apr 8, 2009 12:34pm
and i would like to know the exact price when one arrow comes so if we are late we always could enter the trade at that price.
  • #356
  • Apr 8, 2009 6:31pm Apr 8, 2009 6:31pm
Quoting forextek
I think Hayseeds new indy shows the arrow on the bar that opens after the signal bar closes where the older one puts arrow on the current bar that produces singal as soon as singal is produced, therefore I think Hayseeds will only paint at the end of the bar not in middle as the old one does. Is this correct Hayseed?
hey forextek...... yes your correct..... it will show the first tick of a new bar after a confirmed cross...

that's not saying it's a beter/worse signal.... it's common to focus on getting in quick at the earilest possible signal hopeing for the optimum entry....

many times the signal is far from optimum..... the energy, movement, money, required to produce the signal, in this case a moving average cross, can fade quickly.... as it fades the price falls below the initial signals price.....

delaying your entry a few bars after the signal can be worthwhile...... or perhaps using limit orders or a combination of both......

run a backtest on most any ea but delay your entry a fews bars...... it's quite rare for the exact signal bar to be the best available entry.......h
to trade and code, keep both simple... no call to impress....h
  • #357
  • Apr 8, 2009 6:54pm Apr 8, 2009 6:54pm
Quoting lang48
you are welcome Lyllia

when trading with ea you can use attached emergency ea,s. they close all you trades. put them on separate charts. at first try them on demo.
Thanks! Lang
  • #358
  • Apr 8, 2009 6:57pm Apr 8, 2009 6:57pm
Quoting forextek
Would be great to have an audio alert for the arrows aswell...
I agree with this idea, could anybody make it?
  • #359
  • Apr 8, 2009 7:02pm Apr 8, 2009 7:02pm
Quoting forextek
Well it is strange it does not repaint on yours wonder if its a setting, I see it all the time on 4hr and daily, more on 4hr ofcourse. have you laid hayseeds arrows ontop of the other to see if hayseeds has arrows where the older one does not, that would show repainting? Sometimes if you restart your platform it forces the arrows to dissapear if a change in direction has occured. I wish we had a chat room where we could compare the arrows in real time...... notice the screen shot where there are places where hayseeds arrows are there but the older...
I do not agree.If the old one is not there,it is not supposed to be there.It does not disappear.
  • #360
  • Apr 8, 2009 7:03pm Apr 8, 2009 7:03pm
Quoting lyllia
I agree with this idea, could anybody make it?
An email alert would also be great since it is a 4 hr chart. This allows for trading via a smartphone etc.
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