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Mister ED's 4 hour Heikin Ashi system

  • #561
  • Aug 7, 2009 3:28am Aug 7, 2009 3:28am
Quoting dfxclub
Cheers LB

uploading it right now...

one question... the lot size remains as 0.1 am I correct?

have a good w/e guys...
The lot calculation takes place only when MoneyMgtMethod is 1 (enabled), in this case the Lots parameter is ignored. So if you want to check out the lot calculation fix from last night then please enable the money mgt and then 'wait & see'
  • #562
  • Aug 7, 2009 4:23am Aug 7, 2009 4:23am
Quoting LongBar
The lot calculation takes place only when MoneyMgtMethod is 1 (enabled), in this case the Lots parameter is ignored. So if you want to check out the lot calculation fix from last night then please enable the money mgt and then 'wait & see'

moneymgtmethod is set 1 so will wait and see...
  • #563
  • Aug 7, 2009 5:29am Aug 7, 2009 5:29am
LongBar,

I've been using version 11, since you issued it. My basic parameters at this point
are the default lot size, with MM turned off, and TP using trailing stop on HAS.

On 8/5 two trades opened, sell orders on UJ and AJ, closing on the 6th as losers.
On the 6th, 2 more trades were issued. Buys in the same 2 pairs. These were also losers, and that was expected because the pairs were obviously ranging back and forth. No big deal.

I'm currently in 5 trades, 2 buys in UC and EG, and 3 sells in EU, GJ, and AJ. They're all in healthy profit and gains versus losses at this point, I'm about even.
It'll be interesting to see the long term performance through this month after the NFP breaks this morning. I'm very optimistic. Thanks very much for this system and the EA.

-scott
  • #564
  • Edited 6:32am Aug 7, 2009 5:39am | Edited 6:32am
Quoting LongBar
The lot calculation takes place only when MoneyMgtMethod is 1 (enabled), in this case the Lots parameter is ignored. So if you want to check out the lot calculation fix from last night then please enable the money mgt and then 'wait & see'

LB

good news mate 2 trades opened up with money management working according to 3% rule however it only opened 1 position... is there a setting to make 2 entries as per Mr Eds style?

good luck guys
  • #565
  • Aug 7, 2009 10:08am Aug 7, 2009 10:08am
i have just stumbled on this system and it looks promising.
i started testing it yesterday. already i am +60 pips so far.
however ever i have some issues which i would like clearification:

1) after the Hb cahnges color completely an the rules for entering trade is valid, is the trade entered immediately or on the next candle?

2) asuming that the ATR reads: 0.00811, what would the TP/TL bbe?

3) am getting my self confused trying to calculate the pip value for currencies like ADUJPY (81.749), EURJPY 138.566) because of the decimal places. can somebody please help me out here.
thanks in adv.
it is better to miss than to loss pips
  • #566
  • Aug 8, 2009 12:39am Aug 8, 2009 12:39am
Quoting dfxclub
LB

good news mate 2 trades opened up with money management working according to 3% rule however it only opened 1 position... is there a setting to make 2 entries as per Mr Eds style?

good luck guys
ExitMethod=2 would implement something like that: while one position is created when trigger shows up, reaching TP1 the EA will try to close half of that position (at new bar). Note that the position size must be big enough to support this operation (at least 2 * minimum lot size like 2 * 0.50 = 1.0 lot for FXCM) otherwise the EA will have to close off the full position.

Hmm, this actually reminds me to review the lot size handling at the partial close routine - v0.11.1 fixed this for FXCM and alikes when new market order is created but I am not sure about the partial close routine
  • #567
  • Aug 8, 2009 1:45am Aug 8, 2009 1:45am
Quoting LongBar
ExitMethod=2 would implement something like that: while one position is created when trigger shows up, reaching TP1 the EA will try to close half of that position (at new bar). Note that the position size must be big enough to support this operation (at least 2 * minimum lot size like 2 * 0.50 = 1.0 lot for FXCM) otherwise the EA will have to close off the full position.

Hmm, this actually reminds me to review the lot size handling at the partial close routine - v0.11.1 fixed this for FXCM and alikes when new market order is created but I am not...
I fixed the lot size handling at the partial close routine as well - see the attached EA version 0.11.2.

I would suggest upgrade to everyone using broker with other than 0.01 minimum lot size.

Have a good weekend!
Attached File(s)
File Type: mq4 MisterED_v0.11.2.mq4   31 KB | 399 downloads
  • #568
  • Edited 7:31am Aug 8, 2009 4:39am | Edited 7:31am
hello mister ED
i read all posts of ur thread and i really like it
i am starting to use it manually beside my own strategy
where i will post the compination of both after testing them well together
but i have a question please


HOW DO U PROTECT YOURSELF FROM SIDEWAY TRADES ??
like these
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 165 KB
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #569
  • Aug 8, 2009 6:16am Aug 8, 2009 6:16am
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 Mister ED,

There are new parameters to filter trades for certain time candles, see TradeTimeMon through TradeTimeSun. In order to do trade only for 8am and 4pm on every Monday the following must be set:

 

  1. TradeDay parameter shall have "Mon" listed, eg = "Mon,Tue,Fri"
  2. TradeTimeMon = "08:00,16:00"

The time must always be in 24-hour with leading zero format. So 8am goes in as 08:00, 4pm will have to be 16:00 etc - these are server times always. Multiple times can be listed, those shall be separated by any non-numeric character like space, comma etc.

In order to make backtesting easy both TradeDay or the TradeTimeXXX parameters can be left empty (I mean zero length!). In this case the EA will ignore any filtering by that parameter and will apply the trading logic to all possible opportunities, days or candle times.

longbar

Attached File(s)
File Type: mq4 MisterED_v0.12.0.mq4   33 KB | 520 downloads
  • #570
  • Aug 8, 2009 1:14pm Aug 8, 2009 1:14pm
Quoting LongBar
Hi Mister ED,

There are new parameters to filter trades for certain time candles, see TradeTimeMon through TradeTimeSun. In order to do trade only for 8am and 4pm on every Monday the following must be set:

 

  1. TradeDay parameter shall have "Mon" listed, eg = "Mon,Tue,Fri"
  2. TradeTimeMon = "08:00,16:00"

The time must always be in 24-hour with leading zero format. So 8am goes in as 08:00, 4pm will have to be 16:00 etc - these are server times always. Multiple times can be listed, those shall be separated by any non-numeric character...

hi LB

thanks 4 d updates

I had 3 trades opened so far... but other trades should have opened (GJ + EJ + AJ) as well on friday but didnt... any ideas?

have a good w/e every 1
  • #571
  • Aug 8, 2009 1:32pm Aug 8, 2009 1:32pm
Hi Longbar

Is it ok to use version 12 of your EA witha broker that allows you to tradea minimum of 0.01 lots?
  • #572
  • Aug 8, 2009 3:36pm Aug 8, 2009 3:36pm
Quoting dfxclub
hi LB

thanks 4 d updates

I had 3 trades opened so far... but other trades should have opened (GJ + EJ + AJ) as well on friday but didnt... any ideas?

have a good w/e every 1
Hi dfxclub,

Take a look at the experts as well as the MT logs, see

 

  1. "path to MT"/experts/logs folder for EA specific logs, and
  2. "path to MT"/logs folder for MT specific logs

Those should give you explanation why the trades you expected did not happen - well at least should be a good starting point

If, after the review, still not clear why the trades were missed then post here the relevant log extracts.

longbar

  • #573
  • Aug 8, 2009 3:43pm Aug 8, 2009 3:43pm
FYI I am going to have a long weekend now and will be away from my PC up to mid next week. Will follow up on the EA feedback/experience on the second half of next week.

Happy trading with Mister ED's system!
  • #574
  • Aug 8, 2009 3:50pm Aug 8, 2009 3:50pm
Quoting bar
Hi Longbar

Is it ok to use version 12 of your EA witha broker that allows you to tradea minimum of 0.01 lots?
Sure - the latest version 12 is the most up to date EA and should work with 0.01 minimum lot size.
  • #575
  • Aug 8, 2009 4:42pm Aug 8, 2009 4:42pm
good trading system!thanks a lot, i will try it for the next few weeks!
  • #576
  • Aug 8, 2009 10:58pm Aug 8, 2009 10:58pm
What is new about ver 12?
I like the the idea of how this trades, but so far the EA is not doing well for me at all. I have been trying on 4hr time frame. I tried it on shorter times and it jumped in and out of trades way to fast. But still it is not doing well. does anyone have a better set up?
Gator - Trader Learning and Earning
  • #577
  • Aug 9, 2009 4:35am Aug 9, 2009 4:35am
i have a simple question

does all x-jpy pairs move hand by hand

usd-jpy
eur-jpy
gbp-jpy
aud-jpy

i mean if i found entring opportunities in all of them
which one should i choose ???
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
  • #578
  • Aug 9, 2009 5:13am Aug 9, 2009 5:13am
Am in
  • #579
  • Aug 9, 2009 8:14am Aug 9, 2009 8:14am
Quoting negro wolf
i have a simple question

does all x-jpy pairs move hand by hand

usd-jpy
eur-jpy
gbp-jpy
aud-jpy

i mean if i found entring opportunities in all of them
which one should i choose ???
Hi NG, just be careful of having too much exposure to the JPY crosses, if they all go wrong at the same time they will take a heavy toll on your account balance. Personally I only use 1 or 2 of the JPY crosses, the EURJPY or the CADJPY.
  • #580
  • Aug 9, 2009 2:00pm Aug 9, 2009 2:00pm
Quoting brucewl
Hi NG, just be careful of having too much exposure to the JPY crosses, if they all go wrong at the same time they will take a heavy toll on your account balance. Personally I only use 1 or 2 of the JPY crosses, the EURJPY or the CADJPY.

thnx brucy for ur response
what about GBPJPY ISNOT THAT THE BEST JPY TEAM MATE ?
THE CREATOR AND OWNER OF S.N.M "Serve no Master" Trading Stystem
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