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Mister ED's 4 hour Heikin Ashi system

  • #321
  • Jul 23, 2009 8:27am Jul 23, 2009 8:27am
I for one, am hoping you get it done in just a few hours then.
If i could help, i really would.

Juicyt
"Even if you fall down face first, you still went forward."
  • #322
  • Jul 23, 2009 9:18am Jul 23, 2009 9:18am
The system has certainly redeemed itself this morning.
I've gotten back all of yesterday's losses and more.

I could have done better.

All of the trades were on yen pairs. I scaled down my lot sizes because of this. I missed quite a bit of profit, but I still think that was the right thing to do.
  • #323
  • Jul 23, 2009 9:50am Jul 23, 2009 9:50am
Quoting billbss
The system has certainly redeemed itself this morning.
I've gotten back all of yesterday's losses and more.

I could have done better.

All of the trades were on yen pairs. I scaled down my lot sizes because of this. I missed quite a bit of profit, but I still think that was the right thing to do.
Hi Billbss

I agree caution is advisable after the last few days but I have to say I am relieved after this mornings efforts. Hopefully this will be a long trend that we can ride for a while.

Mister ED
  • #324
  • Jul 23, 2009 9:53am Jul 23, 2009 9:53am
Quoting Mister ED
Hi Billbss

I agree caution is advisable after the last few days but I have to say I am relieved after this mornings efforts. Hopefully this will be a long trend that we can ride for a while.

Mister ED
I wasn't being cautious because of the last few days.
I was being cautious because all of the trades were on highly correlated pairs.
At 3% per trade, I would have been risking 12% of my account on the behavior of the Yen.
  • #325
  • Jul 23, 2009 10:02am Jul 23, 2009 10:02am
Hi MrEd.

Just want to bring this bit of info to your attention, I of course do not know how the HA display you use is coded but thought this info is good to be aware of when using the HA's.
I am not a coder so please judge the info for yourself.

http://www.forex-tsd.com/suggestions...tml#post286105
  • #326
  • Jul 23, 2009 11:43am Jul 23, 2009 11:43am
Quoting billbss
I wasn't being cautious because of the last few days.
I was being cautious because all of the trades were on highly correlated pairs.
At 3% per trade, I would have been risking 12% of my account on the behavior of the Yen.
Hi Billbss

My comment was with regard to the pairs themselves. Because of the way the pairs move it is not unusual to have a few bad trades and then a good trade. Multiple bad trades close together are usually because the market is ranging. When this happens all the pairs can get into synch together and then head off all at the same time. You then get hit with multiple trades on related pairs after a period of poor performance, such as we just had.

Although the data is purely mechanical I don't feel that risking a large % on one currency is ever advisable. It remineds me of using Martingales etc, and you can get seriously burnt in a short time this way.

I hope your are still in the trades.

Mister ED
  • #327
  • Jul 23, 2009 11:45am Jul 23, 2009 11:45am
Quoting tommyd
Hi MrEd.

Just want to bring this bit of info to your attention, I of course do not know how the HA display you use is coded but thought this info is good to be aware of when using the HA's.
I am not a coder so please judge the info for yourself.

http://www.forex-tsd.com/suggestions...tml#post286105
Hi Tommy

Thanks for the input. I'm not sure how that impacts on the HA that I have used. I'm not a coder so maybe someone who has more knowledge would be able to help.

Thanks,

Mister ED
  • #328
  • Jul 23, 2009 11:48am Jul 23, 2009 11:48am
Quoting LongBar
I take your warning: so from now on I will have to limit reading forum threads and answering emails to avoid too much request reaching me!!!
Too late

I put your EA on several H1 charts to watch her work in the simulator, just to see how she does things. In general she behaves pretty good. That's what they usually do at this young age

Some things need your immediate attention though.
You need to update the start() function because an active open trade should be closed at the presence of a new signal and the current if/else structure doesn't allow this. maybe an external parameter "CloseOnOppositeSignal=true/false" could make this really user friendly.
i had some instances where a trade kept going short until it finally hit the stop, even though there was a long signal and the HA candles changed color. in that case the EA should have closed the current trade no matter what and honored the new signal. needless to say this new long order went on for a long, long time.

Steve Hopwood wrote a nice trade manager (it's open source and it's available here at FF somewhere) for trades already in progress. i don't imply to copycat his work - by no means - but it could give some good ideas on how to manage SL, partial TP and more.

well, the two-hour parking-meter is up i'll catch you later.

AZBOfin
  • #329
  • Jul 23, 2009 11:52am Jul 23, 2009 11:52am
Quoting Mister ED
Hi Tommy

Thanks for the input. I'm not sure how that impacts on the HA that I have used. I'm not a coder so maybe someone who has more knowledge would be able to help.

Thanks,

Mister ED
for your system it doesn't make a difference really, since we rely solely on the change of color and nothing else.

but it's true, the code is wrong, dead wrong.

AZBOfin
  • #330
  • Jul 23, 2009 11:54am Jul 23, 2009 11:54am
Quoting Mister ED
Hi Tommy

Thanks for the input. I'm not sure how that impacts on the HA that I have used. I'm not a coder so maybe someone who has more knowledge would be able to help.

Thanks,

Mister ED
I posted the corrected Smoothed Heikin Ashi indicator source file earlier in the thread.
You are in a maze of twisty little passages, all alike.
  • #331
  • Jul 23, 2009 12:01pm Jul 23, 2009 12:01pm
Quoting AZBOfin
for your system it doesn't make a difference really, since we rely solely on the change of color and nothing else.

but it's true, the code is wrong, dead wrong.

AZBOfin
It makes a difference on his trailing stop method on short trades.
  • #332
  • Jul 23, 2009 12:03pm Jul 23, 2009 12:03pm
Quoting stevegee58
I posted the corrected Smoothed Heikin Ashi indicator source file earlier in the thread.
Thanks Steve and Azbofin.

As I have said before I know nothing about trying to code and am reliant on the expertise of good people like yourself. Have you any ideas about how to go about learning to code for MT4 (I realise that might like trying to learn how to do surgery from a book)? Still any ideas for an ontroduction would be helpful.

Mister ED
  • #333
  • Jul 23, 2009 12:04pm Jul 23, 2009 12:04pm
Quoting Mister ED
Hi Tommy

Thanks for the input. I'm not sure how that impacts on the HA that I have used. I'm not a coder so maybe someone who has more knowledge would be able to help.

Thanks,

Mister ED
Hi Mr Ed,

I'm really enjoying your system. Today certainly seems better than yesterday. I've got usdjpy,eurjpy,eurgbp,audjpy open having already achieved TP1 on all of them. I'm on gmt +4 hrs so I caught the 0600 trades today.
The EA would certainly make life easier!

Thanks Mister Ed and everybody that has contributed.

Ian
  • #334
  • Jul 23, 2009 12:11pm Jul 23, 2009 12:11pm
Quoting billbss
It makes a difference on his trailing stop method on short trades.
that's correct.
  • #335
  • Jul 23, 2009 12:12pm Jul 23, 2009 12:12pm
Quoting ianforex
Hi Mr Ed,

I'm really enjoying your system. Today certainly seems better than yesterday. I've got usdjpy,eurjpy,eurgbp,audjpy open having already achieved TP1 on all of them. I'm on gmt +4 hrs so I caught the 0600 trades today.
The EA would certainly make life easier!

Thanks Mister Ed and everybody that has contributed.

Ian
Hi Ian

Thanks for your input. It seems that we have a number of interested parties who are all working together to improve things without changing the system. I like the idea of getting the indicator to work first and the getting the EA from this - but then I know nothing about coding.

All the best,

Mister ED
  • #336
  • Jul 23, 2009 12:23pm Jul 23, 2009 12:23pm
Quoting Mister ED
Have you any ideas about how to go about learning to code for MT4 (I realise that might like trying to learn how to do surgery from a book)? Still any ideas for an ontroduction would be helpful.
LongBar wrote a nice piece of code. try to read it and understand (learn) what it does. i'm not a programmer myself but i can read code up to a certain extend. i guess a "book" is all i can offer load the code into the MetaEditor and with help of the codebase you can get quite a bit out of it.

i remember the time in my earlier life, where i learned how to put "Hello World" on the screen in plain Basic on a computer the size of 4-door armoir but these days i'm more of a "user" person than a programmer. i still like to analyze code and help the programmer to improve their work though.

AZBOfin
  • #337
  • Jul 23, 2009 12:23pm Jul 23, 2009 12:23pm
Thank you Mr Ed for this nice thread and interesting system. I have a question for you, do you have any backtest with daily charts? How it works?

I think that with daily charts works very well too.
  • #338
  • Jul 23, 2009 12:25pm Jul 23, 2009 12:25pm
Hello Mister ED,

Thank you for sharing your great system!

I am curious about discarding certain week days for some pairs. How much of a difference does it make if all week days are traded (or certain weekdays omitted for all pairs)?

There could be a danger of curve fitting (delete some huge losses in the past selectively, and you have a great system?).

I hope that is not the case, and it would be great to know how big of a difference it makes if all week days are traded.
  • #339
  • Jul 23, 2009 12:27pm Jul 23, 2009 12:27pm
Hi Mr ED.
I have developed a first alfa version of the EA for you system. It is open source so that everyone can look at the code and suggest new improvement.
because I saw that many others coder have done their work (good work), I ask you to decide what version should be continued.

Thanks,
Massimo
Attached File(s)
File Type: mq4 RichBoy1972mED.mq4   19 KB | 540 downloads
I'll send a bottle of wine to my first voucherer ;-)
  • #340
  • Jul 23, 2009 12:27pm Jul 23, 2009 12:27pm
Quoting AZBOfin
LongBar wrote a nice piece of code. try to read it and understand (learn) what it does. i'm not a programmer myself but i can read code up to a certain extend. i guess a "book" is all i can offer load the code into the MetaEditor and with help of the codebase you can get quite a bit out of it.

i remember the time in my earlier life, where i learned how to put "Hello World" on the screen in plain Basic on a computer the size of 4-door armoir but these days i'm more of a "user" person than a programmer. i still like to analyze code and...
Hi AZBOfin

Ah those were the days when you could go into the local electornics shop and write your name across the screen of all the computers when the assistant wasn't looking. Been there, done that. Unfortunately I am still stuck at that level of programming. However my seven year old will probably help me soon!!

Mister ED
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