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Attachments: Mister ED's 4 hour Heikin Ashi system
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Mister ED's 4 hour Heikin Ashi system

  • #601
  • Aug 12, 2009 3:44am Aug 12, 2009 3:44am
Hi
I am trying the longbars EA v12 for the last 3 days. But I have no trades triggered. I have the heiken ashi smoothed indi on my indicator folder.
Any help would be much appreciated.

Thanks
  • #602
  • Aug 12, 2009 4:22am Aug 12, 2009 4:22am
thanks a lot jack the explanation was very clear i am using alpari uk mt4 platform and i think i will go for the manual tailing stop.

one more question;
when trailing do you leave the trade until it is triggered by the ST or you close it manually ?

i have attached an excel file that can prove very useful in different ways.
hope it prove useful to all.
Attached File(s)
File Type: xls UST Template.xls   433 KB | 473 downloads
it is better to miss than to loss pips
  • #603
  • Aug 12, 2009 5:45am Aug 12, 2009 5:45am
Quoting Mister ED
Hi Ebont

Last week was not good, actually the worst week in over 2 years with the system. However as I said above the first week of a month combined with August meant the market lost direction and had some quite large candles with tails and retracements.

This week is proving better and should make up for things.

All the best,

Mister ED
Hi Mister Ed, Thanks for the update about last week. The drawdown was painful, but the system is rockn and rollin once again and moved my dime account balance up up and away to new hieghts! Infact I feel like I'm on a rocket ride!

Question: How would you handle the US FOMC Statement ,Federal Funds Rate reports due out at 2:15 EST today?

Do you treat them like the nonfarm payroll and exit before, or just tighten stops? Thanks
  • #604
  • Aug 12, 2009 6:07am Aug 12, 2009 6:07am
Quoting Pipquest
Hi Mister Ed, Thanks for the update about last week. The drawdown was painful, but the system is rockn and rollin once again and moved my dime account balance up up and away to new hieghts! Infact I feel like I'm on a rocket ride!

Question: How would you handle the US FOMC Statement ,Federal Funds Rate reports due out at 2:15 EST today?

Do you treat them like the nonfarm payroll and exit before, or just tighten stops? Thanks
Hi Pipquest

It's much better when things go like this!! As far as FOMC I would treat it with caution. Things have moved a lot in the last few days. This could be a significant announcement. It is possible that you could get a large candle with long wicks once the announcement is made so I would tighten things up.

All the best

Mister ED
  • #605
  • Aug 12, 2009 6:14am Aug 12, 2009 6:14am
Hi,
i am using gann grid and looking good in all pairs.

http://www.forexfactory.com/t/171202...trading-1.html

Good Luck
  • #606
  • Aug 12, 2009 9:33am Aug 12, 2009 9:33am
hello Mr. ED, your system is very interesting and simple to follow.
yes, its true things are moving quite fine this week.
i am currently in trade now
EURJPY: TP1 was triggered.
the second half is in currently +85pips
please comment on how you would manage this trade,
would you allow it to continue or you would close it out?
i have attached a pic. of the current position bellow.
the black line shows where my current SL is at.
please comment if am right or wrong on the SL.
thanks once again for your generosity in sharing this system.
Attached Image
it is better to miss than to loss pips
  • #607
  • Aug 12, 2009 9:52am Aug 12, 2009 9:52am
Mister ED I have been working with the HA idea I leave the candles out and just use the price line chart. less stress, I have someone who can
program this idea, I was going to see about getting my Idea programmed by him he does EA's and other programming for small fees and stands behind them
  • #608
  • Aug 12, 2009 10:38am Aug 12, 2009 10:38am
Quoting 2pips
hello Mr. ED, your system is very interesting and simple to follow.
yes, its true things are moving quite fine this week.
i am currently in trade now
EURJPY: TP1 was triggered.
the second half is in currently +85pips
please comment on how you would manage this trade,
would you allow it to continue or you would close it out?
i have attached a pic. of the current position bellow.
the black line shows where my current SL is at.
please comment if am right or wrong on the SL.
thanks once again for your generosity in sharing this system.
Hi 2pips
I personally do not use this system on a 1hour time frame as it takes too much input and I haven't backtested etc. However using the principles that I use on the 4 hour as the price has moved a significant distance away from the HA candle I would use the top of the wick as my trialing SL (approx. 135.94 on my chart at the moment)

I would be cautious with the FOMC statement in the next few hours because things could change quickly and it may be better to just secure whatever pips you can at this stage.

All the best

Mister ED
  • #609
  • Aug 12, 2009 10:40am Aug 12, 2009 10:40am
Quoting CatDiging375
Mister ED I have been working with the HA idea I leave the candles out and just use the price line chart. less stress, I have someone who can
program this idea, I was going to see about getting my Idea programmed by him he does EA's and other programming for small fees and stands behind them
Hi CatDiging

I would be interested to see what you come up with. A screen shot would be useful.

What part of Canada are you in?

All the best,
Mister ED
  • #610
  • Aug 12, 2009 12:17pm Aug 12, 2009 12:17pm
sorry about the mix up, i don't usually trade off the 1 hr TF.
i took the trade on a 4 hr TF and mistakenly snap the pic on a 1hr TF
it is better to miss than to loss pips
  • #611
  • Aug 12, 2009 12:40pm Aug 12, 2009 12:40pm
Quoting biz0101
Please update with your results. tnx
Hi biz0101,

how is your settings for EA latest version, please?

Thanks!
  • #612
  • Aug 12, 2009 10:34pm Aug 12, 2009 10:34pm
HI LongBar

I hope your days off were good!

Your work is appreciated!

I have loaded 11.2 on FXCM and with Lots at both 0.10 and 0.50 and exit method at 2 and moneymgtment at 1 and Two step order submit at 2, and it is only placing 1 trade with only a SL and no TP1.
I did not use version 12 because I did not know the parameter to use for the time setting for it to trade at all times. so I used v11.2 with no time setting.

Please advise on what to do.

Regards

FXWest
  • #613
  • Aug 13, 2009 8:04am Aug 13, 2009 8:04am
Installed V12.0 last night and had a question about the exit method.

Settings:
Exit-2
Partial close-50
MM-1
Risk 3%

Ea opened a Long Trade on GU at 8:00 GMt... The ATR was 71.
Price went up 100 Pips but the EA did not do a Partial Close.
What Happened?

Lots entered was .21

When the order is place.. The terminal shows a Stop/Loss but not a Take Profit Level... Should a T/P be showing?

Lufkindog
  • #614
  • Aug 13, 2009 10:14am Aug 13, 2009 10:14am
Quoting gator-trader
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?
Hi gator-trader,

Do you mean the EA missed trades should have happened? In this case please attach screenshot and the corresponding experts logs so I could have a look at the details - see more at post 572

Or you mean more of looking for EA settings for your trading style?

Cheers, LB
  • #615
  • Aug 13, 2009 10:18am Aug 13, 2009 10:18am
Quoting nutsford
Hi guys,

this looks good. I've been trying to get the EA working on a demo Alpari UK account, i've tried both versions 11 and the new version 12, but i'm not getting any trades.

Anyone else having any issues getting this to make trades?

My EAs are loaded, allow live trading, EAs turned on, smiley faces - the works - but still nothing.

Any ideas?
Is it still not getting into trades?

Please double check that the right HA indicator from the very first post is properly installed on MT.
  • #616
  • Aug 13, 2009 10:24am Aug 13, 2009 10:24am
Quoting alllivemind
Same with me. Also, shouldn't I be able to change the time frame?
I went ahead and put it on a demo at 5 min, just to see it make trades and no trades are made.
The EA monitors and trades on timeframe set by the EAPeriod parameter - no matter to which chart/period it is attached. See the help text just above this parameter in the EA Properties window. Use EAPeriod=2 to trade off the 5M timeframe.
  • #617
  • Aug 13, 2009 10:28am Aug 13, 2009 10:28am
Quoting BadB0Y
same here. Any idea?

thanks !!

Regards
Just double check the HA indicator from the very first post is properly installed. Also the EA makes log messages into the experts log file - review them to see detailed reports, see post 572
  • #618
  • Aug 13, 2009 10:30am Aug 13, 2009 10:30am
Quoting dfxclub
Hi LB

last week was a bit painful with the system but that was due to refining delays etc.

This week the EA is so far doing well. I still was not able to get the MM right and did go thru the log how ever due to the number of ins and outs it was a bit dramatic.

So Im doing it like this...

Risk per trade 1.5% of account. THe system sets the stop loss any way. And I get out according to my predefined support resistance or my oversold indicator lighting up.

Below are the trades opened and closed and I still have one trade open being NASDAQ...
Hi dfxclub,

What is the difficulty to get the MM right? Is it settings related or something else?

longbar
  • #619
  • Aug 13, 2009 10:41am Aug 13, 2009 10:41am
Quoting mosfin
Hi
I am trying the longbars EA v12 for the last 3 days. But I have no trades triggered. I have the heiken ashi smoothed indi on my indicator folder.
Any help would be much appreciated.

Thanks
Hi mosfin,

Ensure that you have HA indicator installed from the very first post - that was tested so far. Also take a look at the experts logs to see the EA messages for the last 1-2 days - see post 572

LB
  • #620
  • Aug 13, 2009 11:22am Aug 13, 2009 11:22am
Quoting FXwest
HI LongBar

I hope your days off were good!

Your work is appreciated!

I have loaded 11.2 on FXCM and with Lots at both 0.10 and 0.50 and exit method at 2 and moneymgtment at 1 and Two step order submit at 2, and it is only placing 1 trade with only a SL and no TP1.
I did not use version 12 because I did not know the parameter to use for the time setting for it to trade at all times. so I used v11.2 with no time setting.

Please advise on what to do.

Regards

FXWest
Hi FXwest,

The EA places a single position per trigger. When the TwoStepOrderSubmit is enabled for FXCM then that single position will be created first without SL/TP and after that the SL/TP will be set as a follow up order modification - this is how FXCM works as a broker platform.

You enabled the MM so the EA will calculate the lot size as per the TradeRiskAccPct parameter. By default it is 3.0 so the position being opened will risk up to 3.0% of the current account balance. The lot size will be rounded (down) to the nearest allowed lot step and minimum lot size of the broker. However if the calculated lot size falls below the minimum required one then no trade will be opened - check the logs for this event.

The stop will be calculated as per the ATR indicator. This stop will be set as part of the follow up ticket modification once the first market order got through the broker. Note that this SL value also stored in to the comment field - right click the position and select Comment to see this field.

You configured the EA to apply partial closure of the open position once the TP1 (=SL) is reached and after that to do trailing of stop on the remaining part of the position. The EA checks reaching TP1 on new bars, also trailing stop is moved on new bars (as opposed to per tick). Keep in mind if the partial close would result in lot size less than the minimum required to keep open then the EA has no choice but to close off the full position. With FXCM this may kick in considering 0.1 lot step and similar or bigger minimum lot requirement, ie risk settings should allow "space" for these operations.

So to recap the EA should open up 1 position per trigger, lot size according to 3% of account balance, close PartialClosePct (=50% by default) part of it when TP1 is reached at a new bar opening, then trailing stop of the rest of the position at new bar openings until the SL finally gets the hit. This involves no TP to be set on the order.

I hope I did not miss the point and explained the right thing for you

Longbar
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