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Mister ED's 4 hour Heikin Ashi system

  • #401
  • Jul 25, 2009 4:42pm Jul 25, 2009 4:42pm
I added two new features to the EA:

 

  1. Statistics summary of trades on hourly basis
  2. ATRMultiplier new parameter to scale SL up/down

When statistics summary is enabled a text file is created at the end of the backtest execution (or when the EA is removed from a live chart). This will show for every day on hourly basis the trade results in pips. This is a sample output:

Date;H0;H1;H2:H3;H4;H5;H6;H7;H8;H9;H10;H11;H12;H13;H14;H15;H16;H17;H18;H19;H20;H21;H22;H23;Total;CrossCheck
2009.01.07;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;-124;0;0;0;-124
2009.01.08;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0
2009.01.09;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;149;0;0;0;149
...
2009.07.20;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0
2009.07.21;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0
2009.07.22;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;-52;0;0;0;-32;0;0;0;-84
2009.07.22;169;0;0;0;222;0;0;0;-207;0;0;0;-227;0;0;0;-575;0;0;0;-312;0;0;0;-930;-930


For each line the last column is a line total. The very last line shows the sub-totals per columns/hours and then a grand total.

This way we can analyse the trade results in great detail - I believe this is an important element of Mister ED's strategy

Attached File(s)
File Type: mq4 MisterED_v0.6.0.mq4   23 KB | 445 downloads
  • #402
  • Jul 26, 2009 7:43am Jul 26, 2009 7:43am
Quoting LongBar
I added two new features to the EA:

 

  1. Statistics summary of trades on hourly basis
  2. ATRMultiplier new parameter to scale SL up/down

When statistics summary is enabled a text file is created at the end of the backtest execution (or when the EA is removed from a live chart). This will show for every day on hourly basis the trade results in pips. This is a sample output:

Date;H0;H1;H2:H3;H4;H5;H6;H7;H8;H9;H10;H11;H12;H13;H14;H15;H16;H17;H18;H19;H20;H21;H22;H23;Total;CrossCheck
2009.01.07;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;-124;0;0;0;-124
2009.01.08;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0
2009.01.09;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;149;0;0;0;149
...
2009.07.20;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0
2009.07.21;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0
2009.07.22;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;0;-52;0;0;0;-32;0;0;0;-84
2009.07.22;169;0;0;0;222;0;0;0;-207;0;0;0;-227;0;0;0;-575;0;0;0;-312;0;0;0;-930;-930


For...

Just want to to clarify how you'd execute the EA. I did the following:

 

  1. Put it in my experts folder (in my demo account)
  2. Opened it on my platform through EA folder, applied it to live trading


I trade with forex.com and they have 'FXF' after every pair name (see attached).

Would the EA work like this or should I use a broker which simply has the pair name?

Attached Image
  • #403
  • Jul 26, 2009 8:42am Jul 26, 2009 8:42am
Quoting LongBar
I added two new features to the EA:

 

  1. Statistics summary of trades on hourly basis
  2. ATRMultiplier new parameter to scale SL up/down

You are working hard on your ea, so I stop developing further mine.
If you need some help don't esitate to ask.
Nice work,
Massimo
I'll send a bottle of wine to my first voucherer ;-)
  • #404
  • Jul 26, 2009 10:11am Jul 26, 2009 10:11am
Quoting jahual89
Just want to to clarify how you'd execute the EA. I did the following:

 

  1. Put it in my experts folder (in my demo account)
  2. Opened it on my platform through EA folder, applied it to live trading


I trade with forex.com and they have 'FXF' after every pair name (see attached).

Would the EA work like this or should I use a broker which simply has the pair name?

Hi jahual89,

Just as with any EA place it into your experts folder within your MT installation, restart MT and then drag & drop the EA from the Navigator panel (Ctrl+N) on to a chart. For backtesting purposes use the Strategy Tester (Ctrl+R).

The market name postfixes should make no difference to the EA - though I did not test it on other than Alpari UK demo account

LB
  • #405
  • Jul 26, 2009 10:19am Jul 26, 2009 10:19am
Quoting richboy1972
You are working hard on your ea, so I stop developing further mine.
If you need some help don't esitate to ask.
Nice work,
Massimo
Thanks Massimo, I appreciate your efforts as well. I am sure I am going to run out of steam sooner or later
  • #406
  • Jul 26, 2009 10:24am Jul 26, 2009 10:24am
Thanks to suggestions from AZBOfin I incorporated a new feature of partial position closure when TP1 is achieved. This is a new ExitMethod (=2) to the EA and the PartialClosePct specifies the percent of the lots to be closed. The existing trailing stop logic is applied to the remaining position.

LongBar
Attached File(s)
File Type: mq4 MisterED_v0.7.0.mq4   25 KB | 508 downloads
  • #407
  • Jul 26, 2009 7:11pm Jul 26, 2009 7:11pm
LongBar,

How does your EA decide which H4 bar to use? Does it use GMT? I don't see any parameter for the user to set GMT or broker offset.

Thanks!
  • #408
  • Jul 26, 2009 7:37pm Jul 26, 2009 7:37pm
LongBar.

Great job on the EA perfection.
Higher TFs are not my type of trading, but slowly it gets challenging.

Good job, Mister Ed on keeping it all understandable.
  • #409
  • Jul 26, 2009 8:08pm Jul 26, 2009 8:08pm
Quoting LongBar
Thanks to suggestions from AZBOfin I incorporated a new feature of partial position closure when TP1 is achieved. This is a new ExitMethod (=2) to the EA and the PartialClosePct specifies the percent of the lots to be closed. The existing trailing stop logic is applied to the remaining position.

LongBar
Have you included some code in the EA to check to see if the current price is within an X amount of pips from a certain MA before placing the order? I use MA10 as my guideline and won't let the EA place the trade if it is more than 10 or 15 pips away from that.

I ran it in backtest from the start of the year, and on a $10,000 account, it ended at $400 up. How have your results been so far?

Good work on the EA!
  • #410
  • Jul 26, 2009 9:10pm Jul 26, 2009 9:10pm
What time frame does this EA work best on? since it uses a 4hr bar I'm guessing it works on a 4 hr or higher time frame.

Quoting LongBar
There is a new parameter ExitMethod to drive how the ongoing order gets closed off:

 

  1. Value 0: fixed TP is submitted which is the same as SL (=ATR)
  2. Value 1: No TP submitted but trailing SL used on new HAS bar

This could be also used for MT optimization passes (set Start/Step/Stop to 0/1/1) to compare EA setup(s) with different exit methods in an automated way.

LongBar

Gator - Trader Learning and Earning
  • #411
  • Jul 27, 2009 12:11am Jul 27, 2009 12:11am
What is the Indicator SMHelp? Should it be on of off?
I am going to test your ea on a demo account.
Gator - Trader Learning and Earning
  • #412
  • Jul 27, 2009 3:11am Jul 27, 2009 3:11am
Quoting nubchai
LongBar,

How does your EA decide which H4 bar to use? Does it use GMT? I don't see any parameter for the user to set GMT or broker offset.

Thanks!

Hi nubchai,

The EA implements Mister ED's entry which is based on HAS colour change over the last 2 or 3 bars - see the first post for details. Time zone at this stage is not considered.

LongBar
  • #413
  • Jul 27, 2009 4:15am Jul 27, 2009 4:15am
Quoting LongBar
Hi nubchai,

The EA implements Mister ED's entry which is based on HAS colour change over the last 2 or 3 bars - see the first post for details. Time zone at this stage is not considered.

LongBar
LongBar thanks. I misunderstood the entry criteria.
  • #414
  • Jul 27, 2009 5:52am Jul 27, 2009 5:52am
Quoting LongBar
Hi nubchai,

The EA implements Mister ED's entry which is based on HAS colour change over the last 2 or 3 bars - see the first post for details. Time zone at this stage is not considered.

LongBar
does this EA include Fib retractment entry method?
  • #415
  • Jul 27, 2009 6:53am Jul 27, 2009 6:53am
Quoting soul
does this EA include Fib retractment entry method?
No. The retracement entry and the money management bits are not implemented so far.
  • #416
  • Jul 27, 2009 7:11am Jul 27, 2009 7:11am
Quoting LongBar
No. The retracement entry and the money management bits are not implemented so far.
Hi LB
I would like to thank you for your hardwork towards this project.
I read about everything but when it comes to coding, I am lost.
Thanks from

John in Durban

PS. Can you teach me how to code my bank manager?

Many pips to all
  • #417
  • Jul 27, 2009 11:16am Jul 27, 2009 11:16am
Quoting LongBar
Thanks to suggestions from AZBOfin I incorporated a new feature of partial position closure when TP1 is achieved. This is a new ExitMethod (=2) to the EA and the PartialClosePct specifies the percent of the lots to be closed. The existing trailing stop logic is applied to the remaining position.

LongBar
I loaded the Ea but shows this message:Warning get HA Values. HAS returned 0 value.
What do I do?

Vinesh
  • #418
  • Jul 27, 2009 11:35am Jul 27, 2009 11:35am
Hi All

It looks like the EA's are progressing well. I haven't had a chance to run them fully so farbut there is lots of great input.

I have attached a screenshot to show how I trade things when the HA bars change incompletely during a trade. Here the HA wick ir red and the body blue. When the current HA candle closes I would bring the SL up from the current 0.6530 to the bottom of the lowest bar since the original trigger ie about 0.6535.

It's not much of a change but I figure the HA is telling me things might reverse and so I like to tighten things up.

Seems like a little bit of indecision in the markets today with a hammer on cable.

Up and down for the past week or so. However these last weeks of months can sometimes be quite valuable until the uncertainty of the first week of the next month. Things can often be more difficult for a system like this during the slower summer holiday period, but it tends to pick up going into September.

All the best,

Mister ED
Attached Image
  • #419
  • Edited 11:53am Jul 27, 2009 11:45am | Edited 11:53am
These are the current optimisation setups (NB these will change over time and are not fixed, they must be altered and monitored all the time by the trader)

GBPJPY - trade every day
GBPUSD - trade only Monday, Tuesday....


 A good idea to make it easier to alter and monitor all the pairs to find the right days for each pair is to use some sort of a daily range indicator which will give you the range of 11 markets of every day of the week averaging the past 3 months. So you'll get the average daily range of every day of the week for the past 3 months (presuming that's what Mister ED uses).

We can also have parameters, e.g. anything that has a range below 300 (or whatever day that is deemed not profitble) will be displayed in red and green for good range days.

So for example the tuesday for usd/jpy is showing below what we deem as profitable, we will not trade usd/jpy on tuesday.

We will base the days we trade which pairs on which specific days using this indicator.
  • #420
  • Jul 27, 2009 12:06pm Jul 27, 2009 12:06pm
Do you bail out of a trade when you get an opposite signal?
I assume you do, but I don't think that has been mentioned.
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