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Mister ED's 4 hour Heikin Ashi system

  • #681
  • Aug 17, 2009 3:20pm Aug 17, 2009 3:20pm
Quoting gator-trader
Version 12 seems to be doing great so far. But it seems the TP is closing the trade when it could be going a lot farther. What do I need to change to stay in the trade longer?
Check out the trailing stop feature instead of the fixed TP.... that may give you better results...
  • #682
  • Aug 17, 2009 6:05pm Aug 17, 2009 6:05pm
Hi Mister Ed,

How important is to monitor the results of the pairs to evaluate which ones were successful on which days?

Is the success of the system heavily dependent on always adapting to the pairs which are profitable on certain days?
  • #683
  • Aug 17, 2009 6:14pm Aug 17, 2009 6:14pm
Quoting LongBar
Yeah, I was expected this to come up sooner or later

This is a good reason to alter the EA to create two tickets instead of 1 when partial take profit and trailing is used. I am just not sure which one is the most important for the next improvement: implementing the retracement trading trigger or this 2-ticket feature

LB
Hi,

I vote for the 2-ticket feature next.
FXCM is the largest retail forex brokerage, claiming 100,000+ traders, but in all fairness I don't know how many on the forum are affected.

The retracement trading trigger is an important feature, too. Wish I was a better programmer so I could help, but I get lost in the code, despite its clarity and organization. You definitely don't want my help in that area. I'll keep testing the most promising risk/ exit scenarios and will summarize for everyone when I have enough data to be relevant.

JR
  • #684
  • Aug 17, 2009 8:08pm Aug 17, 2009 8:08pm
MisterEd was last night a new record for open trades?

I had 8 trades open, after manually closing 2 in profit on Friday. So there would have been 10 open. Using V12 of the ea with "TradeDay" set for each pair per MisterEd's suggestion. .

I ended up manually closing all of them, because I had a nice gain and I was overleveraged. So be aware trades can open on 10 pairs at once!

There has been a reversal on all of them so manual intervention maybe worked this time (for a change.)

Jack
  • #685
  • Aug 17, 2009 9:04pm Aug 17, 2009 9:04pm
Quoting jack h
MisterEd was last night a new record for open trades?

I had 8 trades open, after manually closing 2 in profit on Friday. So there would have been 10 open. Using V12 of the ea with "TradeDay" set for each pair per MisterEd's suggestion. .

I ended up manually closing all of them, because I had a nice gain and I was overleveraged. So be aware trades can open on 10 pairs at once!

There has been a reversal on all of them so manual intervention maybe worked this time (for a change.)

Jack
Hi Jack

This kind of thing can happen occasionally, about 5 times this year I think. Personally I don't like these times because it can cause you to overextend. Great if it works but it can be a killer if it doesn't.

Certainly nothing wrong with booking a good profit so I would agree that in this case manual closing would be a good thing, or at least having reasonably close stops. Things that move fast can often reverse just as fast.

After a bad start to the month things have recovered quite well and seem to be on track again. I haven't taken any trades myself as I have been moving house. However that is over and I am back online and looking to see what happens in the next few days.

All the best,

Mister ED
  • #686
  • Aug 17, 2009 11:00pm Aug 17, 2009 11:00pm
Quoting JRpips8
Hi,

I vote for the 2-ticket feature next.
FXCM is the largest retail forex brokerage, claiming 100,000+ traders, but in all fairness I don't know how many on the forum are affected.

The retracement trading trigger is an important feature, too. Wish I was a better programmer so I could help, but I get lost in the code, despite its clarity and organization. You definitely don't want my help in that area. I'll keep testing the most promising risk/ exit scenarios and will summarize for everyone when I have enough data to be relevant.

JR


HI Longbar

V13 seems to be working rather well.
I too request the 2 ticket version as I would like to have a stable version to go live in September. I am with FXCM as they are based in london thus the new FIFO rule does not apply.
But either way we will all be happy in the long run as again thanks to you and Mr Ed for such a good system, which is so greatly enhanced with this EA.


FXWest
  • #687
  • Aug 18, 2009 9:29am Aug 18, 2009 9:29am
Quoting LongBar
Yeah, I was expected this to come up sooner or later

This is a good reason to alter the EA to create two tickets instead of 1 when partial take profit and trailing is used. I am just not sure which one is the most important for the next improvement: implementing the retracement trading trigger or this 2-ticket feature

LB
2 ticket feature LB
  • #688
  • Aug 18, 2009 9:40am Aug 18, 2009 9:40am
Quoting penguyen
Mr. Ed,

I understand that you don't want to introduce any other indicators in your trading system. However, I would like to ask and see if you have explore the option of using the Tilson T3 indicator to filter out potentially unprofitable trades and a criterion for retrace trade entry.

Since the Tilson T3 is not a moving average but is more like a trend fitting curve, the Tilson T3 conditions go something like this:
- Long trade: body of the signal candle has to be above the Tilson T3 line
- Short trade: body of the signal candle has to be below...
I have no problem to give this T3 a try sooner or later however I would keep priority on the main stream system until its kinda complete, and it is getting close now.

Will keep this keep in mind or you could remind me a bit later about this.

Thanks bringing this up!
  • #689
  • Aug 18, 2009 9:52am Aug 18, 2009 9:52am
Quoting FXwest
HI Longbar

V13 seems to be working rather well.
I too request the 2 ticket version as I would like to have a stable version to go live in September. I am with FXCM as they are based in london thus the new FIFO rule does not apply.
But either way we will all be happy in the long run as again thanks to you and Mr Ed for such a good system, which is so greatly enhanced with this EA.


FXWest
From implementation viewpoint the EA reorg for the 2 ticket approach should come first and any add-on features afterwards so I take a look at this reorg next.

The FIFO should not have effect if the EA submits first the order with TP and after that the one for trailing. The EA then will have to wait with trailing until after the first order gets closed out by TP. Anyway I am fine as all my accounts are in the old continent
  • #690
  • Aug 18, 2009 11:37am Aug 18, 2009 11:37am
Hello. i'm just finished the quick overview of the thread.
Mr. ED, Mr. LongBar - Thanks for your hard work !

I haven't yet tried the EA, but I'd like to propose a feature to implement.
Instead of one string parameter with the day listed, you could make ~7 integer parameters which takes binary values 0 or 1.
Should look somehow like ~
TradeOnMonday 1
TradeOnTuesday 1
TradeOnWednesday 0
ect.

The point is - with binary variables like that you can make optimizations with mt4 tester - on which days you should trade and on which you should not.
  • #691
  • Aug 18, 2009 7:03pm Aug 18, 2009 7:03pm
Quoting Niktesla
Hello. i'm just finished the quick overview of the thread.
Mr. ED, Mr. LongBar...
This is a great suggestion. Are there other EAs that do this?
  • #692
  • Aug 18, 2009 7:05pm Aug 18, 2009 7:05pm
Hi LongBar... any thoughts about this? I really believe in this sort of swing trading strategy. It should perform better than real-life on a back test, but it is failing to show a profit. Is there additional information you need about my backtest runs? Should I run on a different broker?

Cheers,

beepblip

Quoting beepblip
hi,

Great work on this EA. I can tell that you have put time into it.

I have back-tested it from 4/1/09 to 08/08/09 and the equity curve is declining from the initial balance. This is on v12.

I am testing this on IBFX with the EURUSD on a 4 hour timeframe. I didn't change any of the settings except for the last. I tried that as true/false on two different runs. Still not profibable.

Any tips?

Again, thanks for your work.

Cheers,

BeepBlip
  • #693
  • Aug 18, 2009 7:49pm Aug 18, 2009 7:49pm
i join in the chorus of thanks to Mr. Ed and Longbar for their generosity and hard work!

with no EA experience, i'm at a loss for trying to get "MisterED_v0.13.0" to take auto-trades. I have it loaded and displaying ok on FXDD - MetaTrader; Demo Account; H4; "Expert Advisor" button checked; Tools/Options/Expert Advisors "Allow live trading" button checked; live in Virginia EST; EA "server time" is EST +7; EA properties: 00:00 04:00 08:00 12:00 16:00 20:00; and only indicator is "ATR(20) vs CandleLength." ???

Thanks in advance for whoever can help!
  • #694
  • Aug 18, 2009 11:14pm Aug 18, 2009 11:14pm
in an earlier post in this thread a reference to a heiken ashi smoothed indicator that had alerts for crosses was mentioned but supposedly the one posted may have had a problem of too many alerts. does anyone know of a version that works ok? if so could you share a link to it? thanks if so.
  • #695
  • Edited Aug 20, 2009 8:12am Aug 19, 2009 9:41am | Edited Aug 20, 2009 8:12am
How is everyone doing with their trades this week.....

Just had my 12th Loss in a row............

Using v13 EA with exit setting 2...

Anybody else doing any better? If so, what settings are you using?

Lufkindog

Edit: Now 16 Losses in a Row.....
  • #696
  • Aug 19, 2009 12:26pm Aug 19, 2009 12:26pm
Quoting lufkindog
How is everyone doing with their trades this week.....

Just had my 12th Loss in a row............

Using v13 EA with exit setting 2...

Anybody else doing any better? If so, what settings are you using?

Lufkindog
Hi Lufkindog,

I can arguably claim I'm doing better for the week: only 9 losses in a row, with a single UJ win, for 15 losses out of 16 trades. I'm using Mr Ed's default settings.

This held true for all 3 exit scenarios. They all hit the SL except the UJ. Many of them were first in substantial profit. The UJ win was a surprise since the previous UJ trades had 7 losses of 9 trades.

I'm noticing that since we're trading 10 pairs, 9 of them containing either JPY or USD (no Gold for me) many of them are frequently correlated >.80 (pos or neg) so it's expected that if one loses, the other highly correlated ones will likely lose as well. Mr Ed has commented on this phenomenon and noted the danger for a substantial drawdown (as well as the opposite event where most of them are winning trades).

One possible "fix" I'm exploring is to run the correlation tables at www.mataf.net every day, pick the highly correlated pairs and trade only 1 or 2 of them. This will cut losses on losing trades but also cut profits when the trades are winning. It also makes the system less mechanical since the criteria for picking the pairs to trade will likely be somewhat subjective.

Mr Ed could you comment on this?
Did your experience conclude it was better long term to just ignore the correlations or is there some potential increase possible in trading less correlated pairs? Is it worth the time to back test or have you already done so?

Another possible "fix" is to simply close them manually when they are in profit and appear to have stalled or reversed. Preserve your capital to trade another day. But then it becomes less mechanical again.

JR
  • #697
  • Aug 19, 2009 12:45pm Aug 19, 2009 12:45pm
Quoting mt2414
i join in the chorus of thanks to Mr. Ed and Longbar for their generosity and hard work!

with no EA experience, i'm at a loss for trying to get "MisterED_v0.13.0" to take auto-trades. I have it loaded and displaying ok on FXDD - MetaTrader; Demo Account; H4; "Expert Advisor" button checked; Tools/Options/Expert Advisors "Allow live trading" button checked; live in Virginia EST; EA "server time" is EST +7; EA properties: 00:00 04:00 08:00 12:00 16:00 20:00; and only indicator is "ATR(20) vs CandleLength." ???

Thanks in advance for whoever...
mt2414,

I believe the EA requires the Heikin Ashi Smoothed indicator to be on the chart before it will trigger trades.

Go to post #1, download the Heikin Ashi Smoothed mq4 file, load it in your MT4 ...ExpertsIndicators folder, then restart MT4. It will automatically compile the mq4 to an ex4 and it should show in your Custom Indicators list. Drag it to your chart.

JR
  • #698
  • Aug 19, 2009 1:01pm Aug 19, 2009 1:01pm
Quoting JRpips8
Hi Lufkindog,


Another possible "fix" is to simply close them manually when they are in profit and appear to have stalled or reversed. Preserve your capital to trade another day. But then it becomes less mechanical again.

JR
From my casino days I learned that if your in the plus a good amount and end up a loser then your in the wrong business.

These 2 ea's protect against that. If your +110 on the 2protect it will protect 50, if your +210 it protects 110, it will continue to increase the protected number as your profits grow. It closes all trades. The mini ea does the same thing startin with +11 it protects 5.

Just finished reading the thread and will be testing. I'm impressed guys, thank you....
Attached File(s)
File Type: ex4 2ProtectAccount[2].ex4   4 KB | 443 downloads
File Type: ex4 miniAccountProtect[2].ex4   4 KB | 419 downloads
  • #699
  • Aug 19, 2009 3:17pm Aug 19, 2009 3:17pm
Quoting JRpips8
mt2414,

I believe the EA requires the Heikin Ashi Smoothed indicator to be on the chart before it will trigger trades.

Go to post #1, download the Heikin Ashi Smoothed mq4 file, load it in your MT4 ...ExpertsIndicators folder, then restart MT4. It will automatically compile the mq4 to an ex4 and it should show in your Custom Indicators list. Drag it to your chart.

JR

Thanks JR - Certainly i should have mentioned that i also have the Heikin Ashi Smoothed indicator loaded with Mr. Ed's default values. But still, it has never taken an auto trade (trying since Monday am)... ???
  • #700
  • Aug 19, 2009 3:43pm Aug 19, 2009 3:43pm
All,

This is a major revamp of the EA to use 2 orders per trigger when trailing is configured. The trading logic and ticket handling have been changed big time, also full support for ECN type brokers should be present now, ie recovery of any kind of trading errors now added in.

Due to these major changes please be cautious and use this EA on demo account only until bugs discovered and fixed

Changes:

 

  1. The TP1CheckPoint parameter has been removed: TP1 is checked per each incoming tick
  2. Two orders are submitted to the account when ExitMethod is set to 2 (aka Partial close + HA trailing)
  3. When trailing SL configured it will wait until the first order with the TP1 gets closed. Once closed trailing kicks in immediately.
  4. PartialClosePct parameter renamed to TP1OrderLotsPct. This represents how much of the trade risk/lots should be used for the first order (ExitMethod=2 only)


Note that the changes for the ExitMethod=1 are not complete. Order gets submitted correctly with this method but will start the trailing of SL too early at the moment. I am not sure if anyone actually uses this method at all - any feedback appreciated on this.

Feel free to report issues

Longbar

Attached File(s)
File Type: mq4 MisterED_v0.14.0.mq4   39 KB | 431 downloads
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