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Mister ED's 4 hour Heikin Ashi system

  • #521
  • Aug 5, 2009 12:34am Aug 5, 2009 12:34am
USDCAD did not open either
  • #522
  • Aug 5, 2009 5:52am Aug 5, 2009 5:52am
Sorry for being so clinically retarded but, regarding this:

2)Measure the ATR and the candle length (body and wick) on the signal candle

how on earth do I measure a candle? In what units? With what?

I've tried with a ruler but I don't think it's the proper way.

http://fotosa.ru/stock_photo/Reflexo/p_687505.jpg
  • #523
  • Aug 5, 2009 6:46am Aug 5, 2009 6:46am
Quoting T.E.Lawrence
Sorry for being so clinically retarded but, regarding this:

2)Measure the ATR and the candle length (body and wick) on the signal candle

how on earth do I measure a candle? In what units? With what?

I've tried with a ruler but I don't think it's the proper way.

http://fotosa.ru/stock_photo/Reflexo/p_687505.jpg

Measure the candle in pips. In MT4 there is a scale for measuring. Mine is activated with the scroll wheel on my mouse.
  • #524
  • Aug 5, 2009 7:05am Aug 5, 2009 7:05am
Quoting Scuffer
Measure the candle in pips. In MT4 there is a scale for measuring. Mine is activated with the scroll wheel on my mouse.
I can't find it. Where is it?
  • #525
  • Aug 5, 2009 8:01am Aug 5, 2009 8:01am
Quoting T.E.Lawrence
I can't find it. Where is it?
In your MT4 screen on a chart, click your mouse wheel. A cross hair will pop up. If you hold your left mouse button down, you can measure the length of a candle.

This is the wrong thread to discuss this. There are plenty of forums for newbies, so let's not hijack this thread.

-scott
  • #526
  • Aug 5, 2009 12:57pm Aug 5, 2009 12:57pm
Quoting T.E.Lawrence
Sorry for being so clinically retarded but, regarding this:

2) Measure the ATR and the candle length (body and wick) on the signal candle

how on earth do I measure a candle? In what units? With what?

I've tried with a ruler but I don't think it's the proper way.

http://fotosa.ru/stock_photo/Reflexo/p_687505.jpg
Just subtract the candle low from the candle high.
  • #527
  • Aug 5, 2009 2:39pm Aug 5, 2009 2:39pm
Quoting dfxclub
Thanks alot LB

Im running it 24 hours so far no new trades.

Will update forum as trades occur.

have a good week.
Hi dfxclub,

If your platform is on 24/7 then I would not expect trade attempts 2 seconds before 4H bar closure, rather I would expect a few seconds after new bar opening. Please check your log files to see whether MT was connected to the broker's server all along or there was some connection outage followed by login attempts. I would not be surprised if you would find login attempts just before the order submit in question (which failed).

longbar
  • #528
  • Aug 5, 2009 3:02pm Aug 5, 2009 3:02pm
Mr Ed,
Are you planning on taking the USD/JPY short that's coming up?
  • #529
  • Aug 5, 2009 3:15pm Aug 5, 2009 3:15pm
Quoting Mister ED
Hi Longbar

Thanks for your continued help. I have just run the EA on GBPJPY today. First time ever to do a test with an EA!!!!

Just a couple of things I need to check.
1) in the settings for PLC it saysExit method 3 only - should that be method 2 only?
2) when trailing with the HA candle do you use the middle of the HA candle or do you use the top when going long and the bottom when going short? Would it be possible to have a setting that allowed this to be varied?
3) Does the terminal have to always be switched on or could I close off my laptop...
Thanks for your continued help. I have just run the EA on GBPJPY today. First time ever to do a test with an EA!!!!

LB: Congrats! The first steps are always the most painful ones - followed by fun
Before you trust the results double check the Modelling Quality in the Report tab, it should be 90% or just shy short of that. If you got less than 90% then do NOT trust the results though...

Just a couple of things I need to check.
1) in the settings for PLC it saysExit method 3 only - should that be method 2 only?

LB: Good spot! Indeed it should read as 2.

2) when trailing with the HA candle do you use the middle of the HA candle or do you use the top when going long and the bottom when going short? Would it be possible to have a setting that allowed this to be varied?

LB: HA wick high for long and HA body low for short used while trailing the stop. I add to the list to turn these into EA parameters.
Re this topic: do you think the fixed HAS indicator, which has proper lower wick, should be used?

3) Does the terminal have to always be switched on or could I close off my laptop on the way into work and start things up with the same settings when I get to work?

LB: Well, I had an always-on terminal in mind so far. To be honest if you started off the terminal & EA at the very beginning of a new bar then it probably would work - did not test it this way though...

Please excuse the dumb questions but I am still very much an EA beginner.

LB: better to ask rather than assuming things might turn out false

Thanks for the system!
  • #530
  • Aug 5, 2009 3:23pm Aug 5, 2009 3:23pm
Quoting Mister ED
One further question.

Is it possible to have a setting on a pair that just trades off a certain time candle? eg for me EURJPY is very successful on the 0:00 candle

Mister ED
Hmmm, I just missed this part, although very important one...

Let me think how to add this to the EA.

Thanks pointing out!
  • #531
  • Aug 5, 2009 3:39pm Aug 5, 2009 3:39pm
Quoting dfxclub
Nice add on LB with the days.

I added another trade from the USDJPY that was from yesterday. HA changed colour twice but again no trade was activated...

no other signals occurred yet so still waiting.

LB I was just wondering if its possible to add an arrow up or down with trade summary when the trade conditions are met?

So when HAS changes colour and the ATR condition is met we can have an arrow up or down with the below statement for example

enter buy at 1.4400 stop at 1.4350 TP1 at 1.4450 TP2 trailing.

just a thought... may be it may...
Hi dfxclub,

Could you double check the log files (path to MT/experts/logs folder) if there was a reason logged why the trade did not trigger? This could be like this message: "...signal candle outside 50%-200% range of ATR value..." The best wouldbe if you attach your log file to your post so I could review.

Re the arrow: the EA places market orders on the account (entry, SL, sometimes TP) and those will be marked on the chart with coloured triangles & lines already. When partial close of a position happens that is also marked with triangle and line from the open point on the chart. I was hoping that would give sufficient feedback to the user - I know its not perfect What advantage do you see if further arrows would be placed around the existing marks?

Thanks for the feedback!
  • #532
  • Aug 5, 2009 3:42pm Aug 5, 2009 3:42pm
Quoting dfxclub
USDCAD did not open either
dfxclub,

Could you attach the log files describing EA and MT activity for that day?

So I could evaluate and hopefully identify root cause.

Cheers!
  • #533
  • Aug 5, 2009 4:51pm Aug 5, 2009 4:51pm
I have a demo account, $1000 and in the ea is set to trade .02 mini lots. But I keep getting error that not enough money to place a trade.

MisterED_v0.10.0 AUDJPY,H4: ERROR: SubmitOrder - order submit failed (MT Code: 134 Desc: not enough money)

I get the same error with money management "1" on and Risk at 3.0
Gator - Trader Learning and Earning
  • #534
  • Aug 5, 2009 4:52pm Aug 5, 2009 4:52pm
Hi Longbar

Great work from both you and Mister Ed!

I have followed this thread from the first day. I have loaded v.11 and it did not execute a trade at 2000 on the aud/jpy and the usd/jpy
I have attached the aud/jpy for you to see, the trade that you see on it was done manually by me, my computer was connected at time of trade and I believe I have all the settings correct
please advise

thanks for the GREAT work!

FXwest
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.gif Size: 51 KB
  • #535
  • Edited 6:26pm Aug 5, 2009 6:23pm | Edited 6:26pm
Hi, my version 11 placed a trade on AUDJPY and USDJPY at 0:00 FXDD time today.

Thanks MisterED and Longbar.

Jack





Quoting FXwest
Hi Longbar

Great work from both you and Mister Ed!

I have followed this thread from the first day. I have loaded v.11 and it did not execute a trade at 2000 on the aud/jpy and the usd/jpy
I have attached the aud/jpy for you to see, the trade that you see on it was done manually by me, my computer was connected at time of trade and I believe I have all the settings correct
please advise

thanks for the GREAT work!

FXwest
  • #536
  • Aug 5, 2009 6:45pm Aug 5, 2009 6:45pm
Quoting Mister ED
One further question.

Is it possible to have a setting on a pair that just trades off a certain time candle? eg for me EURJPY is very successful on the 0:00 candle

Mister ED
Hi Longbar,

I'm testing all 3 exit methods with both a fixed 1.0 lot and a 3% risk, but not currently using the day filter because I'm accumulating data and want all possible trades included. I'll sumarize the results for everyone at the end of the month.

I expect to eventually reach similar conclusions as Mr Ed about pairs-best days/ no trade days and so will use the day filter to trade live.

I'll also second Mr Ed's request for a filter to trade selected candle times for each pair. His spreadsheet data suggests it might make a significant boost to the results, along with the day filter.

Is it getting complicated enough, yet?

When using exit 1 or 2 no TP or SL adjustment appears to be sent after the initial order. I assume the EA is waiting for the exit 1 TSL or exit 2 ATR/TSL's to trigger and then close the trade(s) at market.

A safety enhancement would be to have the EA transmit TSL adjustments as firm orders to the broker, so a loss of connection in the middle of a trade wouldn't result in a larger than expected loss. It would add enough peace of mind to allow trades to run overnight. Is it feasible? (I once lost my cable connection when a car jumped the curb and smashed the cable box for the neighborhood. I was lucky to be at the computer and notice the frozen price feed. I called the broker and closed the trade but if I had been away from the screen it would eventually have triggered my disaster SL, after first being well in to profit.)

Welcome back!

JR
  • #537
  • Aug 5, 2009 7:50pm Aug 5, 2009 7:50pm
Quoting billbss
Mr Ed,
Are you planning on taking the USD/JPY short that's coming up?
Hi Billbss

I did take this short live. But USDJPY has not been playing fairly over the last few days. I suspect things could range until NFP on Friday.

Still I am trying tostick with the system so have to take the rough with the smooth.

All the best

Mister ED
  • #538
  • Aug 5, 2009 10:10pm Aug 5, 2009 10:10pm
Longbar,
I used ver.10 for 4 days w/o having any trade. Now am trying out ver. 11. Lets see now fingers crossed. I am using MBT MT4 platform, who I think is ECN broker. Am I right?

Vinesh
  • #539
  • Aug 5, 2009 10:12pm Aug 5, 2009 10:12pm
Hello Vinesh,

MBT demo goes down at times and it is still in beta stage. You might want to try another broker.

Regards,
Jeff

Quoting vinesh
Longbar,
I used ver.10 for 4 days w/o having any trade. Now am trying out ver. 11. Lets see now fingers crossed. I am using MBT MT4 platform, who I think is ECN broker. Am I right?

Vinesh
  • #540
  • Aug 5, 2009 11:14pm Aug 5, 2009 11:14pm
Quoting LongBar
dfxclub,

Could you attach the log files describing EA and MT activity for that day?

So I could evaluate and hopefully identify root cause.

Cheers!

Hi LB, mate below is a part of the log from 05082009, shit its long... coz its long I couldnt put it all on here due to message character restirctions... but the messages are the same just with different pairs. I did PM you the whole log and I can email it if you wish but I dont have your email mate.

thanks for all the effort LB. I have version 10 uploaded. Last night my computer rebooted while I was asleep due to windows update so I turned it on again. Will continue to review it.

Have a good one


22:00:19 MisterED_v0.10.0 AUDUSD,H4: INFO: SubmitOrder - new SELL order at bid:0.84040000 , entry:0.84040000 SL:0.84490000, TP:0.00000000 Lot:1.67000000, ExitMethod:2
22:00:19 stdlib AUDUSD,H4: loaded successfully
22:00:19 MisterED_v0.10.0 AUDUSD,H4: ERROR: SubmitOrder - order submit failed (MT Code: 131 Desc: invalid trade volume)
22:00:19 MisterED_v0.10.0 EURUSD,H4: INFO: CheckTrigger - no colour change in HA direction, no trade triggered (BUY,2:BUY)
22:00:19 MisterED_v0.10.0 EURJPY,H4: INFO: CheckTrigger - no colour change in HA direction, no trade triggered (BUY,2:BUY)
22:00:19 MisterED_v0.10.0 GOLD,H4: INFO: CheckTrigger - no colour change in HA direction, no trade triggered (BUY,2:BUY)
22:00:21 MisterED_v0.10.0 GBPJPY,H4: INFO: CheckTrigger - no colour change in HA direction, no trade triggered (BUY,2:BUY)
22:00:22 MisterED_v0.10.0 USDJPY,H4: INFO: CheckTrigger - HA colour change found, triggering SELL direction trade (SELL,2:BUY)
22:00:22 MisterED_v0.10.0 USDJPY,H4: INFO: CalculateLots - lots to risk (24537.09000000, 736.11270000, 410.74249605, 1.79000000)
22:00:22 MisterED_v0.10.0 USDJPY,H4: INFO: SubmitOrder - new SELL order at bid:94.95000000 , entry:94.95000000 SL:95.34000000, TP:0.00000000 Lot:1.79000000, ExitMethod:2
22:00:22 stdlib USDJPY,H4: loaded successfully
22:00:22 MisterED_v0.10.0 USDJPY,H4: ERROR: SubmitOrder - order submit failed (MT Code: 131 Desc: invalid trade volume)
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