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Daily Quarter method

  • #161
  • May 15, 2009 7:00am May 15, 2009 7:00am
Quoting howard
This method really needs a good indicator:

To show vertical lines of your 24 hour choice for visual confirmation

To show high and low of the chosen 24 hour for visual confirmation

To calculate the range of the 24 hour, its quarter and based on that entries, stops and targets.

Otherwise it will involve a lot of work to do it all manually for a number of pairs even if we use a spread sheet and there is always the risk of making mistakes in calculations

Fredella did go for it but apparently has left.

Any help by coders would be apreciated...
Hi, i haven't left but have suffered from a few issues:
1. Suddenly after an XP upgrade i started suffering from the 'Blue screen of death' syndrom on Windows which is still happening so at the moment i am using the Safe mode of windows which means certain stuff is not available anymore (like printing)
2. I am using IBFX and can not use SELLSTOP and BUYSTOP at the same time anymore.
3. I am still not sure i understand all the features of the system, especially the expiry: normally this means not yet opened trade expire, but are we saying here that even open trades need to be closed and if so 24 hours after they were opened or 24 hours after your chosen day start?

I'll share the code for the indicator once i have access to my pc proper again, but will work on the above as well.

Apologies for not posting earlier.

Fredella
  • #162
  • May 15, 2009 7:31am May 15, 2009 7:31am
Quoting Fredella
Hi, i haven't left but have suffered from a few issues:
1. Suddenly after an XP upgrade i started suffering from the 'Blue screen of death' syndrom on Windows which is still happening so at the moment i am using the Safe mode of windows which means certain stuff is not available anymore (like printing)
2. I am using IBFX and can not use SELLSTOP and BUYSTOP at the same time anymore.
3. I am still not sure i understand all the features of the system, especially the expiry: normally this means not yet opened trade expire, but are we saying here that...
Glad you are here and thanks for your work

Trades which have not hit their targets or stops will be closed manually at the end of the 24 hour period

Orders which have not been opened will be removed manually at the end of the 24 hour period

However the above have nothing to do with the indicator, they are done manually, the indicator just calculates the entries, stops and targets and plots the lines on the chart for visual confirmation

Of course if you want to complete your EA the above should be taken into account, for those who use MT4 as charting only and trade on other platforms EA is of no use

You can overcome the problem of longs and shorts at the same time by opening two accounts, one for longs and one for shorts

Thanks again
Regards
  • #163
  • Edited 11:07am May 15, 2009 10:42am | Edited 11:07am
05/15/09

GBPUSD: -85 pips (short)
GBPJPY: 78
EURJPY: 53


GBPUSD: Long open
GBPUSD target for short was missed by 1 pip!!!!

It retraced and hit SL and again opened the long trade which is currently negative.

So the week ended

Approximately 530 pips for the week ( did not trade on Monday) excluding the current GBP USD which is in ngative for 20 pips or so.
Total pips 580 pips(last week) + 530 = 1110 pips ....not bad for such a cool system. Thank you Saly!!!

On my observation iI found that only GBPJPY gave consistent positive pips all the days.
  • #164
  • Edited May 16, 2009 8:57am May 15, 2009 11:53am | Edited May 16, 2009 8:57am
Quoting howard
This method really needs a good indicator:

To show vertical lines of your 24 hour choice for visual confirmation

To show high and low of the chosen 24 hour for visual confirmation

To calculate the range of the 24 hour, its quarter and based on that entries, stops and targets.

Otherwise it will involve a lot of work to do it all manually for a number of pairs even if we use a spread sheet and there is always the risk of making mistakes in calculations

Fredella did go for it but apparently has left.

Any help by coders would be apreciated...
Here is an expert that display the calculations you mention, it also show lines for Buy, Sell, BuyTP and SellTP. It is an EA but if you disable livetrading in itīs settings it will be like an indicator. DEMOTRADE FIRST! if you want to try it to autotrade.
I am new to coding so the code may be have bugs.
Here are the things you can set:
Lots=1...................fixed number of lots to use if Mnmgt=false
Mnmgt=true............Moneymanagement
Risk=2....................Loss in % of accountbalance if trade goes bad
oco=true.................If true, *When open order hits TP it deletes the opposite pending order*. (Use DQM ea in later post)
p=23......................Dont change this
Daystart=7..............Start/endTime of tradingday (your brokertime)
ShowLines=true
TradeFridays=false

Hope this is of any use.

Dont use timetop ea, use DQM ea in lter post instead.
Attached File(s)
File Type: mq4 Timetop.mq4   4 KB | 248 downloads
  • #165
  • May 15, 2009 12:15pm May 15, 2009 12:15pm
Saly, thanks for the trading sys. but i made lose yesterday. from G/J, G/u. and I only trade E/J,G/J and G/U. Please can you let me know what you call GMT +7 in real team so that I will know when to calculate my entering pt.
Regards,
vicforex
  • #166
  • May 15, 2009 12:28pm May 15, 2009 12:28pm
Simplecoder, you have a very good trade for the week, that is good only if I can have that. Pls what time zone do you use to calculate your entering pt.
vicforex
  • #167
  • May 15, 2009 12:29pm May 15, 2009 12:29pm
Vicforex,
My stoploss was hit too on GU and GJ but my GJ long got hit in profit. I think that yesterday was just a bad day.


Quoting vicforex
Saly, thanks for the trading sys. but i made lose yesterday. from G/J, G/u. and I only trade E/J,G/J and G/U. Please can you let me know what you call GMT +7 in real team so that I will know when to calculate my entering pt.
Regards,
vicforex
Yea it's Life//
  • #168
  • May 15, 2009 1:09pm May 15, 2009 1:09pm
Quoting nilram
Here is an expert that display the calculations you mention, it also show lines for Buy, Sell, BuyTP and SellTP. It is an EA but if you disable livetrading in itīs settings it will be like an indicator. DEMOTRADE FIRST! if you want to try it to autotrade.
I am new to coding so the code may be have bugs.
Here are the things you can set:
Lots=1...................fixed number of lots to use if Mnmgt=false
Mnmgt=true............Moneymanagement
Risk=2....................Loss in % of accountbalance if trade goes bad
oco=true.................If true, Execution...
thank you nilram for your EA .could you write an indicator with post1's rules???? your EA works wrong....
i will report it clearly later

regards,
Saly
  • #169
  • May 15, 2009 1:12pm May 15, 2009 1:12pm
Quoting vicforex
Saly, thanks for the trading sys. but i made lose yesterday. from G/J, G/u. and I only trade E/J,G/J and G/U. Please can you let me know what you call GMT +7 in real team so that I will know when to calculate my entering pt.
Regards,
vicforex
hi
you should better set your entering time before london session ....GMT +7 ,+6 ,+5,+4 give the best results
  • #170
  • May 15, 2009 1:18pm May 15, 2009 1:18pm
hi
after i follow the chart's history i find out that if anyone wants to trade fridays should consider the early times before +6 GMT

Saly
  • #171
  • May 15, 2009 1:38pm May 15, 2009 1:38pm
Quoting $aly
thank you nilram for your EA .could you write an indicator with post1's rules???? your EA works wrong....
i will report it clearly later

regards,
Saly
Hi Saly thank you for trying my EA. One thing i didnīt put in it is not to trade if range is more than 400 pips, i will put that in. Obviously i have got the "cancel other order" wrong I see that now, I wil fix that (may need a little time on this), so it cancels other order when open order hit TP.
Thank you for letting me know something is wrong, these two things are claer to me now, please let me know if there is other things that need be changed/added.

nilram
  • #172
  • Edited May 16, 2009 8:03am May 15, 2009 3:07pm | Edited May 16, 2009 8:03am
Here is an ea with the modifications mentioned in the last post. Also added is an option to set a max range from previous day (no trade if range is above the set number), the reason for this option is the rules in post #1 say: best daily range 200-300 pips and dont trade if daily range is more than 400 pips.
The ea is made for 5 digit brokers.

nilram
Attached File(s)
File Type: mq4 DQM.mq4   4 KB | 308 downloads
  • #173
  • May 16, 2009 9:11am May 16, 2009 9:11am
Just an observation in backtest of dqm ea. Usualy when a trade goes bad and hit SL the opposite order opens shortly after and hit TP, very nice.
So those two trades together, makes a loss aproxx. equal size to a single trade that hit itīs TP. Only a few times both trades hit SL.
$aly please let me know if the ea is following your rules.

Ohh and about programming indicators i am not sure how, it looks a bit different than programming eaīs, so i will leave that to programmers better than me.

nilram
  • #174
  • May 16, 2009 10:43am May 16, 2009 10:43am
Quoting nilram
Here is an ea with the modifications mentioned in the last post. Also added is an option to set a max range from previous day (no trade if range is above the set number), the reason for this option is the rules in post #1 say: best daily range 200-300 pips and dont trade if daily range is more than 400 pips.
The ea is made for 5 digit brokers.

nilram

Instead having not to trade when the range is more than 400 pips. can we reduce the percentage from the current 25 % to say 10% or so ...a thought.
  • #175
  • May 16, 2009 10:52am May 16, 2009 10:52am
Quoting vicforex
Simplecoder, you have a very good trade for the week, that is good only if I can have that. Pls what time zone do you use to calculate your entering pt.
vicforex
GMT +4, vicforex.
  • #176
  • May 17, 2009 3:32am May 17, 2009 3:32am
Quoting nilram
Here is an ea with the modifications mentioned in the last post. Also added is an option to set a max range from previous day (no trade if range is above the set number), the reason for this option is the rules in post #1 say: best daily range 200-300 pips and dont trade if daily range is more than 400 pips.
The ea is made for 5 digit brokers.

nilram
Can you modify for 4 digit broker please?

Thanks...
  • #177
  • May 17, 2009 7:15pm May 17, 2009 7:15pm
Quoting simplecoders
Results for 05/14/09

GMT +4

GBPUSD: 62 (closed at target)
EURJPY: 58 (manually closed )
GBPJPY: 83 (manually closed)

Net profit: 203 pips

helloo simplecoders...
i'm new n still confused with timing entry...
correct me if'i'm wrong.
you entry market +4 GMT = 07:00 in FXDD = 04:00 in ibfx

in 14/05/09 your result gbpusd +62 closed target..
but my result
gbp usd get sell stop first the get buy stop
result is -132 + 62.

are any rule for this or it's fundamental?
if i'm wrong please correct me
thank you b4..
  • #178
  • May 17, 2009 9:57pm May 17, 2009 9:57pm
Quoting cantania
helloo simplecoders...
i'm new n still confused with timing entry...
correct me if'i'm wrong.
you entry market +4 GMT = 07:00 in FXDD = 04:00 in ibfx

in 14/05/09 your result gbpusd +62 closed target..
but my result
gbp usd get sell stop first the get buy stop
result is -132 + 62.

are any rule for this or it's fundamental?
if i'm wrong please correct me
thank you b4..
You are right. it is 4.00 in IBFX.

If you follow the same guidelines as in my below post, the result should be same as mine.

http://www.forexfactory.com/showpost...&postcount=153
  • #179
  • May 17, 2009 10:06pm May 17, 2009 10:06pm
Quoting simplecoders
You are right. it is 4.00 in IBFX.

If you follow the same guidelines as in my below post, the result should be same as mine.

http://www.forexfactory.com/showpost...&postcount=153

are u entry market when candly hourly 4pm open or close?
thank you very much..
  • #180
  • May 18, 2009 12:45am May 18, 2009 12:45am
Quoting cantania
are u entry market when candly hourly 4pm open or close?
thank you very much..
At close of the candle.. If you take the 4 hr candle..then it is at the close
of the first 4 hr candle of the day.
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