Mister ED's 4 hour Heikin Ashi system

Quoting JRpips8

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Longbar,

Ver 9 has so far placed 30 trades with no errors on FXCM using the two-step for SL/TP. (Using fixed 1.0 lots and 1xATR for SL/TP, it's even in profit $2,800+ on H4 trading! Only 14 trades, but better up than down. H1 trades, unfortunately, don't look as promising: 16 trades, down $2,200+ @3% risk on 25k account. Of course H1 tf is not the method per Mr. Ed, but it gave me additional trades to test the two-step entry process.)

I'm expanding the H4 demo testing to include type 1 & 2 exit strategies, along with MM %. I'll keep you posted....

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Quoting LongBar

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I am glad to see you got the EA working with FXCM!

I think there are a few features on the TO-DO list:

 

1. Improve status on the chart, including
   1. Displaying ATR, HA values
   2. Max drawdown so far in the case ongoing trade

2. Trade retracement trigger for 200%+ case
3. Refine counter-trigger - currently EA shuts down ongoing trade when counter trigger shows up, but I think this is not exactly what Mister ED recommends
4. Day of week filter

In the next few days I do some travelling and now the prep so I am going to...

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Quoting LongBar

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Hi Wilson,

For some reason I am not able to unzip the attachment.

Yes, pip value and spread are taken into consideration calculating the lot size for each trade. For the exact maths take a look at the SubmitOrder() and CalculateLots() function implementations - these would be fairly "readable" to follow. In the Navigator windor on the EA name use right click & select Modify to see the source code and find the "int SubmitOrder()" and "int CalculateLots(" lines.

Cheers!

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Quoting AZBOfin

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Folks,

Have you ever wondered why there is no lower wick at the HA candles?

By looking at the code there seems to be a programming error and that is why the candles don't show the way they actually should.

This is the current code to calculate the candles:

PHP Code

maOpen=iMA(NULL,0,MaPeriod,0,MaMetod,MODE_OPEN,pos);
maClose=iMA(NULL,0,MaPeriod,0,MaMetod,MODE_CLOSE,pos);
maLow=iMA(NULL,0,MaPeriod,0,MaMetod,MODE_LOW,pos);
maHigh=iMA(NULL,0,MaPeriod,0,MaMetod,MODE_HIGH,pos); 

The values for the MODE_ constantes are as follows:

[size=2]MODE_[b][color=red]OPEN...

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Quoting johnedoe

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3 days is not a valid test........

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Quoting LongBar

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I extended the EA with a new feature to be able to perform market entry in two steps:

 

1. Submit market order with no SL & TP
2. Modify the new ticket to add the SL & TP

To enable this feature set TwoStepOrderSubmit to true, otherwise keep this to false.

IMPORTANT: this feature is NOT fully functional as it will submit orders fine when everything goes right without errors. However NO appropriate exception handling logic is in place should the second leg of the market orders fail, ie the (successful) first order will have no SL...

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Quoting PipsRider

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MR ED had already answer this question on the previous post ! So, he use FXDD the same as my live account and it s GMT +3, but in reality it s the same result as if it was +1
Regards
Luk

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Quoting dfxclub

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Hi Longbar...
Thanks for the EA and your continuous improvements all along the thread.

I will be testing the EA for the full month of August on my broker and will submit the results (I also added the EZ to S&P 500 just because the back test looks good on it).

Would you be able to clarify the settings so we can try to ge the optimal settings to automate it according to Mr Ed's original method.

Does the EA open 2 positions with the ATR stop loss and 1 trade with the ATR take profit level. (I have followed the full thread and may be I missed...

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Quoting Scuffer

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I've been following this thread with great interest, starting only a couple of days ago. I'm currently around page 12

Throughout several of the pages, I've seen the topic of time variance in regards to GMT time. This is something I've never seen discussed before. What is the importance of this issue please.

Is it important just to know what time your broker's on? Excuse my ignorance please.

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Quoting Scuffer

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I should elaborate. I've been live trading for the last 8 months, but even when I demo'd, I used the same broker, IBFX on 0 GMT, so I have no familiarity with variables in GMT. I don't want to alter the thread, but I need to find out the importance of this. Thanks.

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Quoting Scuffer

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Thanks. I eagerly await his response. I've been shopping for a different broker as well. Double whammy.

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Quoting Scuffer

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Thanks. I eagerly await his response. I've been shopping for a different broker as well. Double whammy.

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Quoting LongBar

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Hi dfxclub,

Mister ED suggests 4H period with a broker in certain time time zone. I would recommend to attach the EA to 4H period charts.

Most of the EA parameters have default value as per Mister ED's document from the very first post, so you probably do not want to change the EAPeriod, ATRMultiplier, HAS_MA?_Method, HAS_MA?_Period and ATRPeriod parameter values.

In terms of selecting exit strategy for a pair I am not sure which one to suggest - Mister ED could you step in and make suggestions?
Using the ExitMethod parameter you can select...

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Quoting dfxclub

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OK LB thanks

Im using take profit 2 as per Mr Ed. Down loaded version10 now and set it up on my platform. Will run it for this month to see how results are.

One question in the set up the trades are set to 0.1 lot. If I use take profit model 2 with partial should I increase that to 0.2 or does it use the 3 % rule and open multiple lots?

cheers

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