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THV MTF EA beta testing

  • #401
  • May 28, 2009 7:55am May 28, 2009 7:55am
Quoting karun
... I'am looking for volunteers to test the following currency pairs with following ...

I would be happy to adopt a pair and time frame to help you out. Maybe a longer tf & one of the exotics? Don't care tho, just let me know how I can help.

The Flying Dutchman
The Flying Dutchman
  • #402
  • May 28, 2009 9:52am May 28, 2009 9:52am
Quoting karun
Hi Poki,

The EA did not take the trade at that point because of the following setting "SlowTrixSameDirection=1", ias per this condition the previous closed candle trix should also be the same direction. So, if the next candle was also red and slow trix was red, it should have triggered an order if other conditions met.

Hope this helps
The next 5 candles were the same colour but a trade was not triggered. The trades on 5m chart were set off by candle signals, so far with the candle sugnals off the EA has not traded to date for me. Hope we get this sorted. I am trying to set up EA to trade the same as my live trading with the direction coming fro 60m chart and entry from 5/15m trix crosses, not sure how the MTF Trix histo lights will go when used on a higer time frame e.g. 5 & 15m MTF lights on 60 chart but will try it.
  • #403
  • May 28, 2009 9:55am May 28, 2009 9:55am
Anyone using this EA on 30 min TF? I would appreciate some hints & guidance on setting up the histo time frames. Seems M1 doesn't make sense to look at for an entry/exit. Maybe 5 & 15? and H1/H4 on the cloud?

Or would M5/M15/H1/H4 be more appropriate on the Histo? What about the cloud?

Sorry if these are dumb questions, newbie here and using this as a learning tool.

Thanks in advance.

The Flying Dutchman
The Flying Dutchman
  • #404
  • May 28, 2009 10:05am May 28, 2009 10:05am
I assume the News Indicator is built into the EA, as I didn't see a separate Indicator in the list.

Just a thought, maybe a setting to only use High Impact or High & Medium Impact news, and discount the Low Impact? Don't see too much movement on Medium & Low Impact news on the majors. But I could be wrong.

I saw a thread asking about the 2nd set of MTF lights from Miss Pips. I know that complicates the coding of the EA. But it makes sense to use the 1st 4 (shorter time frames) for Entry, while the 2nd set of 4 for Trend confirmation of the longer TF. Probably only needed if trading M30 or higher IMHO.

Thanks for letting me attempt to contribute.

The Flying Dutchman
The Flying Dutchman
  • #405
  • May 28, 2009 10:06am May 28, 2009 10:06am
Quoting karun
Wlfx,

Honestly I dont know answer for that, I have seen those lines in the manual trading templates too...
You are right i've noticed it too, maybe Cobra can answer on this ?
  • #406
  • May 28, 2009 11:05am May 28, 2009 11:05am
Quoting karun
Hi Poki,

The EA did not take the trade at that point because of the following setting "SlowTrixSameDirection=1", ias per this condition the previous closed candle trix should also be the same direction. So, if the next candle was also red and slow trix was red, it should have triggered an order if other conditions met.

Hope this helps

karun,
I suggest we focus on fewer currencies and more settings and TFs testing. I think testing so many currencies is pointless.
  • #407
  • May 28, 2009 11:16am May 28, 2009 11:16am
Quoting ForexTrader1
karun,
I suggest we focus on fewer currencies and more settings and TFs testing. I think testing so many currencies is pointless.
That is why we have only 2 TF's for each user. That way each user will need only to concentrate on 2 charts only. Also once a pair/tf has been found with a profitable setting we can keep that as a base for other pairs and move forward from there.
  • #408
  • May 28, 2009 11:38am May 28, 2009 11:38am
Quoting karun
That is why we have only 2 TF's for each user. That way each user will need only to concentrate on 2 charts only. Also once a pair/tf has been found with a profitable setting we can keep that as a base for other pairs and move forward from there.
I would not do it that way. pick 3-4 pairs and use more than 2 TFS and play with settings.

finding the rights settings is more important than doing a wide testing of currencies.
  • #409
  • May 28, 2009 11:55am May 28, 2009 11:55am
Quoting ForexTrader1
I would not do it that way. pick 3-4 pairs and use more than 2 TFS and play with settings.

finding the rights settings is more important than doing a wide testing of currencies.
I'm not sure if you checked the excel file in the first post, I have covered most TF and wide pair selection in that matrix
  • #410
  • May 28, 2009 12:15pm May 28, 2009 12:15pm
Quoting ForexTrader1
finding the rights settings is more important than doing a wide testing of currencies.
That is not necessarily true and a good reason why we are doing this testing. I have noticed that with various THV rules the results will vary by currency pair quite a bit sometimes. I think we should let the study determine the evolution of this EA and not make too many assumptions.
  • #411
  • May 28, 2009 1:06pm May 28, 2009 1:06pm
Quoting TradeWell
That is not necessarily true and a good reason why we are doing this testing. I have noticed that with various THV rules the results will vary by currency pair quite a bit sometimes. I think we should let the study determine the evolution of this EA and not make too many assumptions.
if we want this to be a 5 year effort , I support all these comments.

having one person test the one currency everybody trades on the TF everybody likes - is kinda of ridiculous


adrazz EUR / USD EUR / USD 1 5 London / NY alsea EUR / USD EUR / USD 15 30 London / NY TW EUR / USD EUR / USD 60 240 No Preference
We should focus on 3-4 currencies and 3-4 TFS. Different people should test same currency and same TF. results should be compared and analyzed.



Whatever you decide - I will support it. Just not happy with this current approach.
  • #412
  • May 28, 2009 1:36pm May 28, 2009 1:36pm
Quoting karun
I'll work with few users in creating a base set file for each tf, after that each user is free to tweak the settings to get it profitable. I'll work with the testers on any issues / questions they might have.
A base set file would be a HUGE help, I can then tweak settings and work on it producing a profit.
Pip Goes The Weasel
  • #413
  • May 28, 2009 2:06pm May 28, 2009 2:06pm
I have to agree with you - I had a lot of attempts using E/U only - too often I had this situation: I was sure then using parameter settings in the EA following the THV rules right - but at the end no trade ? hmmm .... but on the other side some trades appeared - it seems to me - out of the sky ? But of course - may be I didn't understand something in the description well enough.

Anyway lets try together bringing the THV EA to work fine !
  • #414
  • May 28, 2009 3:11pm May 28, 2009 3:11pm
Karun, When we going to analyze performance of the settings file whenever trade is complete, daily basis or every friday ? Just to keep stuff orginized ... =)
  • #415
  • May 28, 2009 3:46pm May 28, 2009 3:46pm
Quoting Vitaliy
Karun, When we going to analyze performance of the settings file whenever trade is complete, daily basis or every friday ? Just to keep stuff orginized ... =)
Once we start complete testing, we will do analysis every couple of days, in between if there is an issue with entry or exit (like it should have taken or exited and have not happend) we will discuss it here in the thread.
  • #416
  • May 28, 2009 3:48pm May 28, 2009 3:48pm
All-

Here is the updated manual for the EA as posted earlier. I'm still working on the details of the SL/TP/BE settings, once done I'll post the updated version. This manual will also be available in the first post.

Hopefully this should address questions on entries and exits.

Thanks
Attached File(s)
File Type: pdf THV EA v05 User Guide.pdf   217 KB | 2,575 downloads
  • #417
  • May 28, 2009 4:22pm May 28, 2009 4:22pm
Nice to see the new user guide ! Will study it immediately ! Waiting further discussions/instructions/ideas - will we have a chat room - may be ?
  • #418
  • May 28, 2009 5:18pm May 28, 2009 5:18pm
Quoting karun
All-

Here is the updated manual for the EA as posted earlier. I'm still working on the details of the SL/TP/BE settings, once done I'll post the updated version. This manual will also be available in the first post.

Hopefully this should address questions on entries and exits.

Thanks
Great work Karun !!
Pip Goes The Weasel
  • #419
  • May 28, 2009 6:40pm May 28, 2009 6:40pm
Yes, many thanks. Much easier to read and follow. It is laid out nicely.

First, Never Mind about my previous post regarding news. I found where I can turn off the Medium & Low Impact news

If you don't mind, I have a couple of questions about the setup, even after reading the new manual:

TrixOversoldLevel. You state that I can get the OB/OS numbers from the Trix window. Would that be the number 0.001912 for OB and -0.00118x (cant read last number) for OS? These change over time, yes?

The TPL setup shows all the ATR as (20) but all the setups refer to ATR (14). Is this much of an issue? Or should both agree?

Do I understand that regardless of which type of SL/TP is used, it is hidden from the broker? Only mentioned under ClassicSL

TrailingStepPips: Is this a 0=False 1=True answer? Default is 0.0, not True/False If not T/F, can you explain how this is used?

BreakEvenPartialClose: Is this a 0=False 1=True answer? Default is 0

StartTrailingPartialClose: Is this a 0=False 1=True answer? Default is 0

LotMultiplier: If my standard lot is 0.10 (mini), this should be 3.0 or 1.3? Can you explain?

Believe it or not, I think I actually understand the rest of it.

This is getting FUN! I am learning more setting this up than weeks of reading books at the library about trading.

Thanks to all of you for helping my education.

The Flying Dutchman
The Flying Dutchman
  • #420
  • May 28, 2009 7:47pm May 28, 2009 7:47pm
I'm working on the other settings details, will post the updated manual sometime tomorrow.
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