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Great GBP/USD Strategy for Swing Trades

  • #481
  • Apr 21, 2007 11:14am Apr 21, 2007 11:14am
Quoting ejiexe
Thanks. But i always have problem to compile the .mq4 file. Can anyone tell me how to get the compiler work in MT4? Anytime i try to compile the .mq4 it gives error unable to lunch the compiler.
well i encounter the same problem
you must fix it

uninstall your MT4 and select repair
it works for me

i can launch my compiler

hope this help
Every moment in the market is unique
  • #482
  • Edited 10:34am Apr 23, 2007 12:00am | Edited 10:34am
As Rob (blueruby) did such a fantastic job on his indicator v1.2, I decided to add to it (actually, I rewrote about 95% of it, but he laid the foundation) and create an arrow indicator system based on the rules that VyNNer has laid out. I've attached the source. You know what to do with it. Looks like there are some fantastic trades that have been available!

Couple of notes:

This has NOT been tested live, as I just started this yesterday and have not got into trading tonight at all, so please look for bugs!! Again, the goal is to have a popup appear when a new bar forms, but as the market's only been open a few hours, I have not tested it yet to see if that happens, as no trade opportunities are available now. As always, PLEASE use common sense and do not blindly follow the arrows! While I was once a professional software developer, this is my first MQL code, and the first code I've written in about 6 months, so just keep your eyes peeled! :-)

This indicator will display long, short, and exit arrows (the red 'x'), and will email you notification, show a popup on the screen, play a sound, and even call your mother and leave her a computer generated voicemail letting her know that you've made the big bucks on this trade (okay...maybe not the last one hehehe).

I have included an option to turn on/off the daily stochastic filter (it's off by default). If you put this on the g/u 4hr chart, you'll see very few losing trades compared to big winners with the stoch off.

EDIT: small update about 10 mins after I posted this to shut the indicator up the first time you load it (if you're switching profiles from one to this and have 15 charts open, you would have gotten a lot of email/console spam).
Attached File(s)
File Type: mq4 VyNNeR Swing v2.0.mq4   7 KB | 861 downloads
File Type: ex4 VyNNeR Swing v2.0.ex4   6 KB | 593 downloads
  • #483
  • Edited 3:55am Apr 23, 2007 3:38am | Edited 3:55am
Some interesting prospects to follow this week. EUR/JPY might rollover today/tomorrow. Could be a good trade if the daily trendline breaks...
Attached Image (click to enlarge)
Click to Enlarge Name: 4x13x50 23 April.jpg Size: 62 KB
  • #484
  • Apr 23, 2007 3:44am Apr 23, 2007 3:44am
GBP/USD away to go yet, but there's tradeable clearance down to the daily trendline once/if it signals....
Attached Image (click to enlarge)
Click to Enlarge Name: 4x13x50 23 April.jpg Size: 65 KB
  • #485
  • Apr 23, 2007 4:46am Apr 23, 2007 4:46am
Quoting JoshDance
As Rob (blueruby) did such a fantastic job on his indicator v1.2, I decided to add to it (actually, I rewrote about 95% of it, but he laid the foundation) and create an arrow indicator system based on the rules that VyNNer has laid out. I've attached the source. You know what to do with it. Looks like there are some fantastic trades that have been available!

Couple of notes:

This has NOT been tested live, as I just started this yesterday and have not got into trading tonight at all, so please look for bugs!! Again, the goal is to have a popup appear when a new bar forms, but as the market's only been open a few hours, I have not tested it yet to see if that happens, as no trade opportunities are available now. As always, PLEASE use common sense and do not blindly follow the arrows! While I was once a professional software developer, this is my first MQL code, and the first code I've written in about 6 months, so just keep your eyes peeled! :-)

This indicator will display long, short, and exit arrows (the red 'x'), and will email you notification, show a popup on the screen, play a sound, and even call your mother and leave her a computer generated voicemail letting her know that you've made the big bucks on this trade (okay...maybe not the last one hehehe).

I have included an option to turn on/off the daily stochastic filter (it's off by default). If you put this on the g/u 4hr chart, you'll see very few losing trades compared to big winners with the stoch off.

EDIT: small update about 10 mins after I posted this to shut the indicator up the first time you load it (if you're switching profiles from one to this and have 15 charts open, you would have gotten a lot of email/console spam).
Can you be kind to compile and give us .ex4 version of the indicator. I can't still compile from meta editor
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #486
  • Apr 23, 2007 8:46am Apr 23, 2007 8:46am
Quoting JoshDance
As Rob (blueruby) did such a fantastic job on his indicator v1.2, I decided to add to it (actually, I rewrote about 95% of it, but he laid the foundation) and create an arrow indicator system based on the rules that VyNNer has laid out. I've attached the source. You know what to do with it. Looks like there are some fantastic trades that have been available!

Couple of notes:

This has NOT been tested live, as I just started this yesterday and have not got into trading tonight at all, so please look for bugs!! Again, the goal is to have a popup appear when a new bar forms, but as the market's only been open a few hours, I have not tested it yet to see if that happens, as no trade opportunities are available now. As always, PLEASE use common sense and do not blindly follow the arrows! While I was once a professional software developer, this is my first MQL code, and the first code I've written in about 6 months, so just keep your eyes peeled! :-)

This indicator will display long, short, and exit arrows (the red 'x'), and will email you notification, show a popup on the screen, play a sound, and even call your mother and leave her a computer generated voicemail letting her know that you've made the big bucks on this trade (okay...maybe not the last one hehehe).

I have included an option to turn on/off the daily stochastic filter (it's off by default). If you put this on the g/u 4hr chart, you'll see very few losing trades compared to big winners with the stoch off.

EDIT: small update about 10 mins after I posted this to shut the indicator up the first time you load it (if you're switching profiles from one to this and have 15 charts open, you would have gotten a lot of email/console spam).

Hi JoshDance

Thanks for the indicator. I did put it up on the G/U and noticed that it gives you the signal one candle to late.

Regards

Eben
  • #487
  • Apr 23, 2007 9:39am Apr 23, 2007 9:39am
Quoting Ebenst
Hi JoshDance

Thanks for the indicator. I did put it up on the G/U and noticed that it gives you the signal one candle to late.

Regards

Eben
Can Someone assist on how to get th compiler work on Meta trader. I have uninstall and repair yet it is not working
THE DIFFERENCE BETWEEN GOOD AND EXCELLENT IS ATTENTION TO DETAILS.
  • #488
  • Edited 11:16am Apr 23, 2007 10:40am | Edited 11:16am
Quoting Ebenst
Hi JoshDance

Thanks for the indicator. I did put it up on the G/U and noticed that it gives you the signal one candle to late.

Regards

Eben
There seems to be some lag at some points, as there are gray areas where an EMA dips to touch another, and when they all get intertwined it's not best used, just like the method itself. However, in most cases the indicator follows the rules pretty clearly. Look at 4/16/07, for example. The rules say that when the 4 and 13 pass the 50, then open on the NEXT candle open (in other words, wait for them to close above the 50). That's just what it does in this case. Two candles earlier is very very close to the 50 but likely not above it just by a fraction, and the previous candle the lines are clearly above, and then the signal is given on the next candle, as per vynner's method.

Can you give me a specific example of where the indicator is a bar too late?
  • #489
  • Apr 23, 2007 11:18am Apr 23, 2007 11:18am
...there has been confusion on the thread before, about whether to wait for the crosses to be confirmed (using crosses on Closing prices) or not. I think VyNNeR enters earlier, at the open of the candle where the cross is taking place....
  • #490
  • Apr 23, 2007 2:02pm Apr 23, 2007 2:02pm
I believe VyNNer's entry point is actually as and when the 13 crosses the 50 (the 4 would've either crossed or would be busy crossing the 50). This and this alone makes it a very difficult strategy to backtest accurately.
  • #491
  • Apr 23, 2007 2:10pm Apr 23, 2007 2:10pm
"When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, with a new open candle, place your entry with a stop loss of 50pips."

This is from the original post. He may enter earlier, but this was the original system. We can at least back test it this way so there is no discretion.


Quoting Doji Star
I believe VyNNer's entry point is actually as and when the 13 crosses the 50 (the 4 would've either crossed or would be busy crossing the 50). This and this alone makes it a very difficult strategy to backtest accurately.
Life is too short to have anything but delusional notions about yourself.
  • #492
  • Apr 23, 2007 3:59pm Apr 23, 2007 3:59pm
Quoting hoss
"When the EMA4 first cross the EMA50 follow by EMA13 cross the EMA50, with a new open candle, place your entry with a stop loss of 50pips."

This is from the original post. He may enter earlier, but this was the original system. We can at least back test it this way so there is no discretion.
...ideally we need VyNNeR to put this to bed once and for all.

My interpretation of his first post was the same as yours initially, but he has subsequently posted clarification (against charts in the thread) where it appears he means entries should be taken when a new candle opens with the 13 crossing the 50....as the cross is taking place.

I backtested GBP/USD (tick data 2005) on the closing cross scenario and it wasn't profitable...don't know about other years....
  • #493
  • Apr 23, 2007 4:06pm Apr 23, 2007 4:06pm
That sucks. Seemed like it worked. I don't know that this small change would affect it that much if the testing is showing negative for '05.

Quoting ChowClown
...ideally we need VyNNeR to put this to bed once and for all.

My interpretation of his first post was the same as yours initially, but he has subsequently posted clarification (against charts in the thread) where it appears he means entries should be taken when a new candle opens with the 13 crossing the 50....as the cross is taking place.

I backtested GBP/USD (tick data 2005) on the closing cross scenario and it wasn't profitable...don't know about other years....
Life is too short to have anything but delusional notions about yourself.
  • #494
  • Apr 23, 2007 4:22pm Apr 23, 2007 4:22pm
Did the tick data take into account the Daily Stoch filter? Just checkin'.

Quoting ChowClown
...ideally we need VyNNeR to put this to bed once and for all.

My interpretation of his first post was the same as yours initially, but he has subsequently posted clarification (against charts in the thread) where it appears he means entries should be taken when a new candle opens with the 13 crossing the 50....as the cross is taking place.

I backtested GBP/USD (tick data 2005) on the closing cross scenario and it wasn't profitable...don't know about other years....
Life is too short to have anything but delusional notions about yourself.
  • #495
  • Apr 23, 2007 4:51pm Apr 23, 2007 4:51pm
VyNNeR:

"Remember you do not neccessary wait for the EMA13 to fully cross the EMA50 to have a valid entry. Sames go to the EMA4 and EMA13 on the exits."

I don't know which post it was in, but I cut this and pasted it into my compilation document of this method.
  • #496
  • Apr 23, 2007 5:38pm Apr 23, 2007 5:38pm
Okay--I'm doing some testing on my indicator right now and have already made a couple of changes. I'm dealing with repaint issues and the like right now so bear with me while I try to get it as accurate as possible. And yes, backtesting will be impossible to do accurately if we go by the tick that the MA lines cross. But we can approximate it I guess.
  • #497
  • Apr 24, 2007 12:13am Apr 24, 2007 12:13am
Hello Robert, I am lucky to find someone on VTT as well. Can you please advise me how is your setting of the stochastic?..I use the "Full Stochastic Oscilator" Right now I have K period 13, Kslowing period 5, K slowing method Simple, D period 5, D method Simple .. Is this ok?.. I am still a bit confuzed by all the indicators being sligtly different in all platforms, and I am a newbie as well:-)

Thanks a lot!!


Quoting Robert DeCuir
Hey Everyone,

I have VT Trader and it shows not only a crossing at the end of the previous candle, but I am in as of the start of the current candle we are all starring at.
Funny how so many different systems don't really coincide at a mutual point. I wish you all the best on the first trade of April.
The last trade recommendation by Vynner netted me 100 pips.
Robert DeCuir
  • #498
  • Edited 1:38am Apr 24, 2007 1:03am | Edited 1:38am
Quoting JoshDance
Okay--I'm doing some testing on my indicator right now and have already made a couple of changes. I'm dealing with repaint issues and the like right now so bear with me while I try to get it as accurate as possible. And yes, backtesting will be impossible to do accurately if we go by the tick that the MA lines cross. But we can approximate it I guess.
Thanks for the indicator Josh, it has made my job easier. I have attached a simple risk return calculator (unfortunately I have no idea on how to convert xls to xml therefore I was unable to upload as attachement, so a screenshot will have to do for now)


Based on signals generated from Jun 30 2006. Wherever a loss greater than 50 pips was generated I have set it to a maximum of 50pips (the suggested stop loss). I guess this is often the difficult area in risk management. Some of the exit crosses may occur during announcements and move quickly against one, or at other times I noticed a postion was entered on a Friday only to be "gapped" out on a Monday etc. The sample contains about 38 trades, a larger sample may give greater confidence, although with risk management of 7% per trade this gives a maximum draw down of less than 20% which I generally find acceptable and leads to a profitable position (based on the past perfomance of these few trades)
Looking forward to any comments
Without women, money would have no meaning - Aristotle Onassis
  • #499
  • Apr 24, 2007 2:18am Apr 24, 2007 2:18am
Quoting hoss
Did the tick data take into account the Daily Stoch filter? Just checkin'.
Hi Hoss, no it didn't, it was tested purely on the ema crosses (on close) - has anyone else done any testing using the filter? It's a profitable method on the face of it, in current conditions, would be useful to get a feel for the drawdown characteristics over a more representative period.
  • #500
  • Apr 24, 2007 2:23am Apr 24, 2007 2:23am
...trendline break on the daily chart, stochs rolled over and the 4hr setting up...strong pullback likely first though perhaps...
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