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Mister ED's 4 hour Heikin Ashi system

  • #341
  • Jul 23, 2009 12:29pm Jul 23, 2009 12:29pm
Quoting Faust
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.
Hi Faust

I haven't really looked at the daily charts but it may work. You need to weigh the benefits of just one trade a day against the larger SL and TP needed. I would have to leave that up to you i'm afraid.

Mister ED
  • #342
  • Jul 23, 2009 12:39pm Jul 23, 2009 12:39pm
I wonder why eight people voted "Not worth trying"?

Seeing as this thread has only been going for eight days and the reason this thread was started was for the developement of an EA which has not been completed yet.
  • #343
  • Jul 23, 2009 12:44pm Jul 23, 2009 12:44pm
Quoting Mister ED
I like the idea of getting the indicator to work first and the getting the EA from this
Mister ED, you have the indicator already: it's your system, it's your plan.
an EA does what you tell her to do - what you already do on paper, just automatically. the indicator as a stand-alone program just visualizes everything on the screen.


AZBOfin
  • #344
  • Edited 1:03pm Jul 23, 2009 12:48pm | Edited 1:03pm
Quoting angus
I wonder why eight people voted "Not worth trying"?

Seeing as this thread has only been going for eight days and the reason this thread was started was for the developement of an EA which has not been completed yet.
There are all kind of people here.
Run a poll and you get all kind of answers.
I wouldn't pay any attention to them.
  • #345
  • Jul 23, 2009 12:48pm Jul 23, 2009 12:48pm
Quoting AZBOfin
Mister ED, you have the indicator already: it's your system, it's your plan.
an EA does what you tell her to do - what you already do on paper, just automatically. the indicator as a stand-alone program just visualizes everything on the screen.
Actually it's never that easy in practice. Things that the system inventor does to enter and manage trades have to be nailed down. Writing software involves asking lots and lots of nit-picky questions. The answers are usually obvious to the inventor but aren't obvious to the implementer.
You are in a maze of twisty little passages, all alike.
  • #346
  • Jul 23, 2009 12:50pm Jul 23, 2009 12:50pm
Quoting billbss
There are all kind of people here.
Run a poll and you get all kind of answers.
I would pay any attention to them.
Also, people who have the "voluntary poll taker" personality type are frequently highly opinionated and not all that helpful.

I only answer polls if I'm paid.
You are in a maze of twisty little passages, all alike.
  • #347
  • Jul 23, 2009 12:52pm Jul 23, 2009 12:52pm
Quoting bubo
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.
Hi Bubo

I agree that the big problem that can arise is curve fitting. However I have based my changes on the results this year ie last 6 months. I feel that going over a longer period means that you may not be reflecting the current changing market, too short a period means you are just reacting to recent trades.

If all the days are traded it makes a difference eg for this month as of Tuesday I was looking at 2285 pips with the selected days and 1489 for using all the trades. Over the year so far it is 32007 for selected and 25116 for all trades.

The difference I feel is significant for 2 reasons 1) you get more pips 2) you leave yourself exposed to the market for a shorter period and this should increase the safety of the system.

These are just my thoughts on things.

Good luck,

Mister ED
  • #348
  • Jul 23, 2009 12:54pm Jul 23, 2009 12:54pm
Quoting richboy1972
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
Thanks Massimo

I will have a look tonight. I may not be the best peron to look, but I can try.

All the best and thanks for your help,

Mister ED
  • #349
  • Jul 23, 2009 1:04pm Jul 23, 2009 1:04pm
Quoting stevegee58
Also, people who have the "voluntary poll taker" personality type are frequently highly opinionated and not all that helpful.

I only answer polls if I'm paid.
I hope you caught my typo.

I wouldn't pay any attention to them
  • #350
  • Jul 23, 2009 1:04pm Jul 23, 2009 1:04pm
Quoting angus
I wonder why eight people voted "Not worth trying"?

Seeing as this thread has only been going for eight days and the reason this thread was started was for the developement of an EA which has not been completed yet.
I am not sure why some people have felt this way. However for me it is just an indicator to see if there is enough interest to get an EA developed. So far I feel we have a good chance so we keep going.

There is a lot of great input from people and none of the bickering that I have seen in many threads. Long may it continue.

Mister ED
  • #351
  • Jul 23, 2009 1:08pm Jul 23, 2009 1:08pm
Quoting stevegee58
Actually it's never that easy in practice. Things that the system inventor does to enter and manage trades have to be nailed down. Writing software involves asking lots and lots of nit-picky questions. The answers are usually obvious to the inventor but aren't obvious to the implementer.
I agree. It's amazing how hard it is to clearly set the system down in words.

I remember an exercise at school where we had to describe to someone exactly how to brush their teeth. That started arguments that went on for years!

Still these things are a good discipline as it has got me to look at the system from different view points. There are further areas to develop but I feel the base is solid.

Mister ED
  • #352
  • Jul 23, 2009 1:14pm Jul 23, 2009 1:14pm
Quoting angus
I wonder why eight people voted "Not worth trying"?
IMO it's people who tried this system on shorter timeframes like 30M or even shorter. because HA is lagging it never will turn into profits on these short TFs because of all the noise and volatility. the key is to work with the higher TFs like 4H and up. catch a trend, ride the wave and don't be afraid if it goes a few pips against you midterm.

MisterED works with some sort of partial profit taking and trailing. this way he can go all the way. if you close purely at the first stage (the ATR based TP) you won't make much. the loosers offset the winners. i did some backtests with LongBar's EA and it shows that without some sort of trailing and partial profit taking this system isn't the moneymakingmachine it could be. MisterED has proven exactly this. he enters always two orders and closes the first one on TP and let the second one run. with an EA you could close a part of the initial order and you don't need two separate orders like with manual trading.

trade at least the 1H chart, better the 4H. you won't have as many trades and it won't be that exciting either. but it is stressfree and steady, and you will have time for your family next to trading (keeps the wife happy).

AZBOfin
  • #353
  • Jul 23, 2009 1:16pm Jul 23, 2009 1:16pm
Quoting stevegee58
Actually it's never that easy in practice. Things that the system inventor does to enter and manage trades have to be nailed down. Writing software involves asking lots and lots of nit-picky questions. The answers are usually obvious to the inventor but aren't obvious to the implementer.
that's why we will fill LongBar's inbox in a short period of time. input, input, input
  • #354
  • Jul 23, 2009 1:24pm Jul 23, 2009 1:24pm
Very good day AJ, GJ, EJ and UJ make big profit (good system thks Mister ED)

Zuma

P.S Fridey i post weekly summary
  • #355
  • Jul 23, 2009 1:57pm Jul 23, 2009 1:57pm
Mr Ed,
Where are you putting your SL on EUR/JPY and USD/JPY?
The previous wick looks too far away.
  • #356
  • Jul 23, 2009 1:59pm Jul 23, 2009 1:59pm
Quoting LongBar
Thanks AZBOfin - I appreciate your constructive feedback!

I am going to make the HA and ATR period parameters external so one can play around for optimization if desired.

Good spot taking the ATR from the current bar - will have a look at it as well and fix it.

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!!!

Well, I am happy to spend couple of hours here and there on these requests but unfortunately beyond that, as usual, it will call for the word...
As per AZBOfin feedback I made the HA and ATR parameters external, so backtesting to experience with settings are available now.

Also the period for the EA to check for triggers is now a parameter which makes the backtesting across different timeframes in one go easy.
Attached File(s)
File Type: mq4 MisterED_v0.2.0.mq4   10 KB | 486 downloads
  • #357
  • Jul 23, 2009 2:21pm Jul 23, 2009 2:21pm
Quoting AZBOfin
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...
To be honest the EA intentionally did not check for new triggers while another trade was open. Hmm, I guess I missed this part of the strategy description

Thanks pointing this out - will restructure the EA to implement this counter-trigger situation.

I got a few trades closed with profit running the EA on a demo account since last night - nice!
  • #358
  • Jul 23, 2009 2:31pm Jul 23, 2009 2:31pm
I'm not sure that opening new positions on new triggers with a position already is part of the system as described by Mister Ed.
You are in a maze of twisty little passages, all alike.
  • #359
  • Jul 23, 2009 2:39pm Jul 23, 2009 2:39pm
Quoting billbss
Mr Ed,
Where are you putting your SL on EUR/JPY and USD/JPY?
The previous wick looks too far away.
Hi Billbss

I am trailing them from the top of the HA wick still. I agree that this is a fair distance away but I find that this gives things room to run.

I suspect that things will stall for the next few candles but I will be slowly upping the SL as the candles unfold.

Mister ED
  • #360
  • Jul 23, 2009 2:43pm Jul 23, 2009 2:43pm
Quoting stevegee58
I'm not sure that opening new positions on new triggers with a position already is part of the system as described by Mister Ed.
Hi Steve

I do this if a trade triggers and then reverses quickly, before the original trade has closed.

I will look out some previous trades and post pictures as it can be hard to clearly explain without pictures.

Mister ED
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