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Mister ED's 4 hour Heikin Ashi system

  • #421
  • Jul 27, 2009 12:13pm Jul 27, 2009 12:13pm
Quoting billbss
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.
I'd go about it like this; check the indicator at the start of the week, and whatever days it recommends for each specific pair, you'll stick to them during the week. This is looking at the long term performance of a pair on a particular day so it should be quite obvious that you just woudn't use it to just exit a specific trade.
  • #422
  • Jul 27, 2009 12:17pm Jul 27, 2009 12:17pm
Quoting billbss
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.
Hi Billbss

As you know these are tricky. It does depend to a degree on the state of the market. If things are flat and you keep bailing every time the opposing signal comes up you can burn through money.

If say I am currently going short and a long trade signals I will bring my stops in on the short trade and place an order to open the long trade if the signal candle high is broken. I will see if I can get a chart to show this. As I say this is most likely when the market is flat and ranging eg during a holiday etc.

Mister ED
  • #423
  • Jul 27, 2009 12:18pm Jul 27, 2009 12:18pm
Quoting jahual89
I'd go about it like this; check the indicator at the start of the week, and whatever days it recommends for each specific pair, you'll stick to them during the week. This is looking at the long term performance of a pair on a particular day so it should be quite obvious that you just woudn't use it to just exit a specific trade.
I don't understand what you mean.
NZD/USD is tradable on Mondays.

If a Monday offers two trades on it, why wouldn't you take them?
  • #424
  • Jul 27, 2009 12:19pm Jul 27, 2009 12:19pm
Quoting Mister ED
Hi Billbss

As you know these are tricky. It does depend to a degree on the state of the market. If things are flat and you keep bailing every time the opposing signal comes up you can burn through money.

If say I am currently going short and a long trade signals I will bring my stops in on the short trade and place an order to open the long trade if the signal candle high is broken. I will see if I can get a chart to show this. As I say this is most likely when the market is flat and ranging eg during a holiday etc.

Mister ED
Did you do it this way in your backtesting?
  • #425
  • Edited 12:31pm Jul 27, 2009 12:27pm | Edited 12:31pm
Quoting billbss
I don't understand what you mean.
NZD/USD is tradable on Mondays.

If a Monday offers two trades on it, why wouldn't you take them?
Yes, that's if the indicator recommends Mondays for NZD/USD. Trading by the manual and ensuring you keep it mechanical as possible, I think you should.
  • #426
  • Jul 27, 2009 1:29pm Jul 27, 2009 1:29pm
Quoting billbss
Did you do it this way in your backtesting?
Yess
  • #427
  • Jul 27, 2009 1:30pm Jul 27, 2009 1:30pm
Quoting vinesh
I loaded the Ea but shows this message:Warning get HA Values. HAS returned 0 value.
What do I do?

Vinesh
This could happen if you attach the EA to a chart with a period different to the one the EA is configured to run on, see EAPeriod setting. In this case MT may not have the specific data available at the first time when the EA refers to that period, say checking the ATR indicator value on period 4H (while the EA is attached to 1H chart). But from that point on MT should start downloading the missing data so the warning message should not repeat.

So what you have to do is to wait and see that the EA will start working properly after a few ticks, once MT downloads data for that period too.

Also you could double check the EAPeriod setting to see that you are running against the period you really intended to.
  • #428
  • Edited 3:07pm Jul 27, 2009 3:04pm | Edited 3:07pm
EA v 5 or 6 - exit method 1 trailing stop on HAS doesnt run....

bj
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
BJ
  • #429
  • Jul 27, 2009 4:31pm Jul 27, 2009 4:31pm
Quoting brainjt
EA v 5 or 6 - exit method 1 trailing stop on HAS doesnt run....

bj

Hi brainjt,

When I run backtest on EURUSD over the period of July the trailing stop feature looks fine to me.

Could you provide a bit more details of your issue? Chart/TF used, EA settings and period of time you are testing, so I can reproduce the problem.

Thanks
  • #430
  • Jul 27, 2009 4:50pm Jul 27, 2009 4:50pm
look pictures, set up ......and SL without trailing on HAS
bj
Attached Image (click to enlarge)
Click to Enlarge Name: 2009-07-27_234436.png Size: 11 KB
Attached Image
BJ
  • #431
  • Jul 27, 2009 5:23pm Jul 27, 2009 5:23pm
Quoting brainjt
look pictures, set up ......and SL without trailing on HAS
bj
Please note that the trailing will kick in only when TP1 has been reached. You are in good shape to reach the TP1 soon (provided no reversal happens ) so after that the trailing will move the SL with every new bar. Hope the markets will be with you
  • #432
  • Jul 27, 2009 5:49pm Jul 27, 2009 5:49pm
I've had longbar's latest EA activated to all the pairs and also gold on my demo account since sunday evening, it's now monday night and no trades have been executed.
Attached Image (click to enlarge)
Click to Enlarge Name: EA.jpg Size: 250 KB
  • #433
  • Jul 27, 2009 6:20pm Jul 27, 2009 6:20pm
Money management feature is added.
To turn off set MoneyMgtMethod = 0
To turn on set MoneyMgtMethod = 1
When turned on set the TradeRiskAccPct = 3 in order to risk 3% of the balance for the next trade.

Pips to All!
Attached File(s)
File Type: mq4 MisterED_v0.8.0.mq4   27 KB | 499 downloads
  • #434
  • Jul 27, 2009 6:27pm Jul 27, 2009 6:27pm
Quoting jahual89
I've had longbar's latest EA activated to all the pairs and also gold on my demo account since sunday evening, it's now monday night and no trades have been executed.

I do not see comments on the chart which should appear at every new candle hence I suspect there is something wrong with MT. Could you restart MT (quit and start up again) just to ensure it is properly hosting the EA's?
  • #435
  • Jul 27, 2009 6:32pm Jul 27, 2009 6:32pm
Quoting LongBar
I do not see comments on the chart which should appear at every new candle hence I suspect there is something wrong with MT. Could you restart MT (quit and start up again) just to ensure it is properly hosting the EA's?
done that, don't think that's the problem. Just applied your EA 8.0 version, should there be comments now?
  • #436
  • Jul 27, 2009 6:53pm Jul 27, 2009 6:53pm
I am very excited about this EA. I would like it if it could also have an option for a alert and email to be turned on and off.
I am going to try this on a 4 hr chart with ATRMultiplier set to 2.0


Quoting LongBar
Money management feature is added.
To turn off set MoneyMgtMethod = 0
To turn on set MoneyMgtMethod = 1
When turned on set the TradeRiskAccPct = 3 in order to risk 3% of the balance for the next trade.

Pips to All!
Gator - Trader Learning and Earning
  • #437
  • Jul 27, 2009 7:01pm Jul 27, 2009 7:01pm
Quoting jahual89
done that, don't think that's the problem. Just applied your EA 8.0 version, should there be comments now?
I guess I should improve a bit the status feedback on the chart

Comments are provided on the chart for every new bar, so if you run it on 4H (EAPeriod=6) then you should see on your chart as well as in your Terminal's Expert tab something like this:

2009.07.27 07:00:06 MisterED GBPJPY,H4: INFO: CheckTrigger - no colour change in HA direction, no trade triggered (BUY,3:BUY)

If this does not show up in the Terminal window Expert tab then MT probably did not deliver incoming ticks, ie lost connection or frozen the connection to broker's server. This is what actually happened today on my test account with Alpari UK.

Unfortunately after MT restart it does not load up earlier log messages into the Expert tab - and you just did restart MT a couple of minutes ago. In this case go to the MT installation directory and take a look at the experts/logs directory. Open the file 20090727.log to see messages for yesterday... let me know if you see messages like the above.
  • #438
  • Jul 27, 2009 7:18pm Jul 27, 2009 7:18pm
Quoting LongBar
I guess I should improve a bit the status feedback on the chart

Comments are provided on the chart for every new bar, so if you run it on 4H (EAPeriod=6) then you should see on your chart as well as in your Terminal's Expert tab something like this:

2009.07.27 07:00:06...
All sorted now. the only reason no orders were triggered is because i expected the ea to run as my computer was off, not the case as you need mt running.
  • #439
  • Jul 27, 2009 7:59pm Jul 27, 2009 7:59pm
Quoting LongBar
I guess I should improve a bit the status feedback on the chart

Comments are provided on the chart for every new bar, so if you run it on 4H (EAPeriod=6) then you should see on your chart as well as in your Terminal's Expert tab something like this:

2009.07.27 07:00:06 MisterED GBPJPY,H4: INFO: CheckTrigger - no colour change in HA direction, no trade triggered (BUY,3:BUY)

If this does not show up in the Terminal window Expert tab then MT probably did not deliver incoming ticks, ie lost connection or frozen the connection to broker's server....
I, too, have had ver 7 activated but no trades. I see 100's of messages on Experts tab, but none on screen. Included are several error 130 attempts to open a trade:
"18:31:31 MisterED_v0.7.0 EURUSD,H1: INFO: CheckTrigger - HA colour change found, triggering SELL direction trade (SELL,2:BUY)
"18:31:31 MisterED_v0.7.0 EURUSD,H1: ERROR: CheckTrigger - order submit failed (MT Code: 130 Desc: invalid stops)

Wish I had programming skills so I could be more help, but I'm happy to test and report. It's looking very promising. Thanks for all your effort!
  • #440
  • Jul 27, 2009 11:20pm Jul 27, 2009 11:20pm
Quoting LongBar
This could happen if you attach the EA to a chart with a period different to the one the EA is configured to run on, see EAPeriod setting. In this case MT may not have the specific data available at the first time when the EA refers to that period, say checking the ATR indicator value on period 4H (while the EA is attached to 1H chart). But from that point on MT should start downloading the missing data so the warning message should not repeat.

So what you have to do is to wait and see that the EA will start working properly after a few ticks,...
Thanks for fast reply Longbar but I've loades EA on 4hr. chart and the option in EA priod 6 is correct for that.My exit strategy is 2, ATR multiplier is 1 and Stat method is 2. Do I need to set something else? EA on for 12 hours no trade and same message.

Vinesh
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