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  • #1,281
  • Edited 3:22pm Jul 17, 2009 3:06pm | Edited 3:22pm
Quoting Edgetrader
...SM working on something when he can showing HA candles matching trix when he gets through with an ea he is working on for something else. If successful, will de-clutter charts further.
Here is the chart de-clutter...

- The bar colour match with the Trix direction.
One must be careful that the parameters in the chart and indicator are identical, because the default in chart is (3, E, E, E, C) and not (3, M,M,E, C).

- The Closes are the little golden points.

- Set in chart the line colour identical with the background.
.
Attached Images
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File Type: ex4 smC4Scalper Candles_v1.ex4   8 KB | 697 downloads
  • #1,282
  • Jul 17, 2009 3:10pm Jul 17, 2009 3:10pm
Quoting Indrek
I do not think that the topic is relevant at all. But! If you get 2 % on average then mathematically it is not hard to find out how soon you will be the richest person in the world. It should happen quite soon, I am afraid.
The tricky thing here is that Edge speaks about +2% / -4%

Small calculation: [i]if you start with 2000 USD that is a reasonable amount to start with, and have 2 % on average then you finish first year with ~280 000 USD, the second year with ~40 million USD and the third year with ~5638 million...
Sounds scrumptious .. however in reality most sane people would reach a level where the 'compounding' of trade size stops .. for me that level would be with about $100k in account and trading 5 lots.
The 2% compounding is to get you to the point where you can 'level off' and make whatever amount of income you wish.
I would assume that people with $1 million or more acct sizes would be more than content with .005% per day. That would generate $5k per day (if I calculated right, otherwise just adjust...) so $2500 for Big Brother and $2500 for me. I can squeak by on that....
******************* I'd rather make money than be right.
  • #1,283
  • Jul 17, 2009 3:13pm Jul 17, 2009 3:13pm
Quoting glanfx
My post #1164 explains in simple, non computer language how and why the EA works as it does.

On paper it does close all the original order and reopens at the original price the remaining part of the order. At no extra cost.

Good Trades
Anthony
Anthony,
I understand that that is how it appears, but it is not your EA that is doing that. It is the computer program that your Broker runs.
In order to keep track of your (now partialy closed) order, their program spawns a new order-ticket and attaches it to the original. Then after TP2, it spawns a third ticket and attaches it to the second one.

Your Broker's program is not actually closing out you whole original order, just the portion that the EA tells it to. But it then needs a new ticket to be able to referrence the remaining open part of the original order.

Don't worry if you do not understand, just think of it as a filing system separated into 2 filing cabinets - open orders and closed orders.
When a portion of you trade is closed out, a new file is created in the open order cabinet, and the closed out portion of your trade in its original file is moved to the closed orders cabinet.


Ian
  • #1,284
  • Jul 17, 2009 3:15pm Jul 17, 2009 3:15pm
Quoting 137
...i would like to do a visual mode backtest but the smTRIX only displays a limited number of bars in its history. does anyone know how to make it display ALL of its output information? so that when i scroll back to the end of my charts i'll get a reading thus enabling the EA to perform the test.
Change the CountBar parameter.
.
Attached Image
  • #1,285
  • Jul 17, 2009 3:17pm Jul 17, 2009 3:17pm
That is ... very interesting .. and you do these things so fast!

Just wondering .. would it be difficult to make the gold dot a different color on the down candles .. so one can see at a glance if candles are
closing stronger or weaker...

Yeah no matter how much you give us, we always want more ...

Quoting SwingMan
Here is the chart de-clutter...

- The bar colour match with the Trix direction.

- The Closes are the little golden points.

- Set in chart the line colour identical with the background.
.
******************* I'd rather make money than be right.
  • #1,286
  • Jul 17, 2009 3:18pm Jul 17, 2009 3:18pm
Quoting Indrek
I think, it is just too early and also totally wrong to dream like this
Reality is that majority of people here will lose everything and maybe 5 % will be quite professional traders and maybe some of them will be very rich.
Is it too sad message for the weekend? I do not think so. What I think is that we should take trading as a nice hobby at first and not to aim high incomes at a stage where many of us cannot even put indicators to our charts
Yes, I lived 22 years in Europe and heard a lot of those sentiments...
but I'm an American .. and baby, we DREAM and dream BIG!!
******************* I'd rather make money than be right.
  • #1,287
  • Jul 17, 2009 3:20pm Jul 17, 2009 3:20pm
SwingMan, Thank you.. Looking good!!!
Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #1,288
  • Jul 17, 2009 3:21pm Jul 17, 2009 3:21pm
Quoting SwingMan
Here is the chart de-clutter...

- The bar colour match with the Trix direction.

- The Closes are the little golden points.

- Set in chart the line colour identical with the background.
.
Hi SM,
It looks cool, but are they really Heiken -Ashi candles in your chart? The wicks look wrong to me. or did you just forget to turn on the Heiken Ashi part of the indicator?

Ian
  • #1,289
  • Jul 17, 2009 3:24pm Jul 17, 2009 3:24pm
Quoting SwingMan
Change the CountBar parameter.
.
yes thanks SwingMan i did that before.

what's the maximum i can change the CountBar parameter to? i tried 30000 but i think that's too much. i would like it to go back about 3 months on a 5M chart.

thanks!
change the future, not the past
  • #1,290
  • Jul 17, 2009 3:26pm Jul 17, 2009 3:26pm
Lol. Thankfully there is not a three strikes program in the US in regards to losing trades

Quoting Indrek
My point is that this kind of dream can be a serious obstacle for good, relaxed trading. Besides, isn't it so that the number of people who are in prison is bigger than the number of billionaires in America
  • #1,291
  • Edited 3:31pm Jul 17, 2009 3:29pm | Edited 3:31pm
Quoting 137
i've written an EA that swing trades on EJ, catching most of the 'nice' days. i have tried similar strategies before but i never had the amazing Trix indicator to work with. i like this approach because the R:R is very good. SL is 15 pips (thanks to a usually precise entry by the Trix) and TP is 80 pips. so by risking 1% the system has the potential to gain over 5%.

for example this week there were 5 losers and 4 winners (one just barely though). so gains would have been about 15%. was it a good week? well catching 245 pips out of the 450...
Hi 137,
Why not backtest in MT4 Strategy Tester (visual mode), then you can see which trades it is actually taking, whilst your EA does all the hard work.

That is how I always test my new strategies.

If this is actually what you meant to convey, then I can tell you that you do not have to change the Trix parameters at all, because Strategy Tester plays the chart forward - so you are really forward testing (but on history) and the number of past bars on the chart when it starts is no longer a problem.

Ian
  • #1,292
  • Edited 4:03pm Jul 17, 2009 3:38pm | Edited 4:03pm
Quoting ianf0ster
...It looks cool, but are they really Heiken -Ashi candles in your chart? The wicks look wrong to me. or did you just forget to turn on the Heiken Ashi part of the indicator?
- The correct name is Heikin-Ashi (S&C Feb.2004, Autor Dan Vilcu).

- I said that there are HA Candles? Only the programming technique is like the HAs.
It can be I misunderstood what it takes, I'm sorry if it were.

- OK, I can combine the two candle arts in Swingi-Ashi candles if Edge confirmed me this...
There remains only the problem that the significance of the colors is different. Should one take the size of Hashi, and the color of Trix?

  • #1,293
  • Jul 17, 2009 3:42pm Jul 17, 2009 3:42pm
Quoting ianf0ster
Hi 137,
Why not backtest in MT4 Strategy Tester (visual mode), then you can see which trades it is actually taking, whilst your EA does all the hard work.

That is how I always test my new strategies.

If this is actually what you meant to convey, then I can tell you that you do not have to change the Trix parameters at all, because Strategy Tester plays the chart forward - so you are really forward testing (but on history) and the number of past bars on the chart when it starts is no longer a problem.

Ian
thanks for the reply.

yes i would like to do a visual mode backtest using the strategy tester.

sorry maybe i'm misunderstanding something but when the test starts there is no smTRIX information so the EA has nothing to use to create orders. in the journal tab it says:

smTRIX EURJPY M5: zero divide
Attached Image (click to enlarge)
Click to Enlarge Name: errorgif.gif Size: 16 KB
change the future, not the past
  • #1,294
  • Jul 17, 2009 3:50pm Jul 17, 2009 3:50pm
Pahadi. Very nice template and color scheme and clean on the Murray Math lines. Good lines to keep in mind for oversold & overbought and targets. I think I'll adopt it with some minor changes, such as adding one higher time frame Trix.
Quoting Pahadi
First of all I would like to thank Edge for his great system. I have been following the thread since day one and posted maybe once. For those that are trying to filter bad signals I have something that might help you. I have been using Murray Math Levels as a filter and it's been working great for me. Also I find it keeps my charts very clear. To Edge's chart I have simply added the Murray Math and a 5 EMA. As simple as that.

For those not familiar with MM math this how it works :

1) Just put it on your chart and change the settings of MMPeriod...
  • #1,295
  • Jul 17, 2009 3:53pm Jul 17, 2009 3:53pm
Quoting Edgetrader
Respectfully, no chart shots of your trading have been offered for today.

If I have missed a posting you offered for today, Friday, please inform me of such and I will gladly review and comment. In addition, what could I possibly be looking for other than the chart shots showing the trading efforts initiated based upon the plans guidelines. I do not recall asking anything else of anybody. Please elaborate if so inclined.

Regards.
http://www.forexfactory.com/showthread.php?t=181900&highlight=tw0eleven&page=66 post 986. However, they are from yesterday..not today. I could post my losing charts for today, but I have already commented about that on an earlier post today. No reply or constructive critique necessary...I will shut up now.
  • #1,296
  • Jul 17, 2009 4:00pm Jul 17, 2009 4:00pm
Quoting 4xStar
...to make the gold dot a different color on the down candles .. so one can see at a glance if candles are closing stronger or weaker...
UPDATE smC4Scalper Candles_v2 done.

Quote
Yeah no matter how much you give us, we always want more ...
It's true !
.
Attached Image
Attached File(s)
File Type: ex4 smC4Scalper Candles_v2.ex4   8 KB | 717 downloads
  • #1,297
  • Jul 17, 2009 4:02pm Jul 17, 2009 4:02pm
Quoting SwingMan
- The correct name is Heikin-Ashi (S&C Feb.2004, Autor Dan Vilcu).

- I said that there are HA Candles? Only the programming technique is like the HAs.
It can be I misunderstood what it takes, I'm sorry if it were.
- OK, I can combine the two candle arts in Swingi-Ashi candles if Edge confirmed me this...
There remains only the problem that the significance of the colours is different. Should one take the size of Hashi, and the color of Trix?

Hi,
Sorry, perhaps I misunderstood Edge's request. Personally having the candle take the colour from the Trix is what I would want. I don't use HA candles ( just a HA bar) because I need to see the actual candle movement - not the distorted one that HA shows.
Ian
  • #1,298
  • Jul 17, 2009 4:02pm Jul 17, 2009 4:02pm
Quoting paradoxical
Pahadi. Very nice template and color scheme and clean on the Murray Math lines. Good lines to keep in mind for oversold & overbought and targets. I think I'll adopt it with some minor changes, such as adding one higher time frame Trix.
My pleasure Paradoxical. The chart is the one Edge provided ( His 1 hour template)

Just for your info: In order to decluter the charts even more I have changed the + & -2/8, + & -1/8, 3/8, 5/8 and 7/8 lines to match the background of the chart. This way I only have the ultimate resistance, the strong pivot and the major support and resistance visible. Notice how price bounces off these major lines.
Second thing is that I use candle sticks. This helps me see better the retracements to the 5 EMA before I pull the trigger.

Regards,

Pahadi
  • #1,299
  • Jul 17, 2009 4:07pm Jul 17, 2009 4:07pm
Swingman, thanks. Yet another great contribution. You must be working overtime in the indicator lab.
Quoting SwingMan
Here is the chart de-clutter...

- The bar colour match with the Trix direction.
One must be careful that the parameters in the chart and indicator are identical, because the default in chart is (3, E, E, E, C) and not (3, M,M,E, C).

- The Closes are the little golden points.

- Set in chart the line colour identical with the background.
.
  • #1,300
  • Jul 17, 2009 4:10pm Jul 17, 2009 4:10pm
Quoting 137
thanks for the reply.

yes i would like to do a visual mode backtest using the strategy tester.

sorry maybe i'm misunderstanding something but when the test starts there is no smTRIX information so the EA has nothing to use to create orders. in the journal tab it says:

smTRIX EURJPY M5: zero divide
Hi,
Its no help to you, but you just made me happy. I have spent over a day (off and on) trying to code smTrix into the 4Tf-MT format, so I could have just the colour of the Trix in longer timeframes.
But I kept on getting zero divide errors!

So now at least I know that I have not introduced a new error - like I thought I had.

Thanks,
Ian

P.S. If I find the cause of and/or fix the zero divide problem I will let you know.
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