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Using Fractals Profitably

  • #21
  • Jul 23, 2009 10:46am Jul 23, 2009 10:46am
Quoting Chistabo
Ola,

pipjunky,
ultra fast reply, I am impressed (bow).
I am beginner trader, after 2 months of reading and checking (and searching for holy grail, he he, waste of time), I decided to 'make' my own trading sistem. I have basic idea what to look for... After countless threads, pages, PDF's etc. and million different opinions... I started throwing MT4 original indicators on chart... one by one... till... (click'n'drag Fractals) ... WOW, nice!
So, I did my homework and came here!
(bow) Thank you, pipjunky, for starting this thread (bow).

Like...
Sorry for the late reply this time. I was golfing yesterday and one of my co-players hid my blackberry on me! Shot a 96, well 98 if you count the 2 mulligans. But I par'd 18, so i guess I'll go back. Hadn't played since last year so that's my excuse.

Sounds like you have gotten over the "hump". Ie drinking from a firehose, taking it all in, and now it's making sense! I still remember when the clarity hit me years ago. I was sitting in my office after doing all the things you mentioned, and it all started making sense. You're on your way!

Your idea is intriguing. I'll check it out and see if I have any ideas. I am in no way shape or form a coder. jones is the best I have seen over the years.

Glad to see the thread keeps on! I use this every day in my trading...in fact I just closed out a 50 pip run on the eur/usd...went up another 20 but for a July trading day I am pretty happy.

Keep pippin'!
  • #22
  • Jul 23, 2009 1:44pm Jul 23, 2009 1:44pm
Ola!

Well, I skiped an important part of my motivation course... I was in FreedomRocks trading program (still am, inactive), and after (long story), I lost 1.000 real € (which was done by some EA. Details ommited. I take all the responsability, for I was the one who allowed them to trade with my money). Which is 1/4 of my initial account (and 14 years savings), which I separated into 2 parts, after thing started go bad, luckily. This part of motivation course actually started good, I was 1.000€ in profit. Then... yes, we know. Same old story. Good trading gone bad.

So, I once again got confirmation of what I learned long ago - if you want something to be done well, well, you got to do it yourself.

So, back to retyping (recommended for begginer coders) SMJones, FireDavid, CodersGuru and other CodeMasters EA's and scripts and indicators...

Have fun,

Simon
  • #23
  • Jul 30, 2009 4:35am Jul 30, 2009 4:35am
I am highly surprised no one has ever created a properly functioning EA using Heikin Ashi. This is very bizarre. We have searched high and low. Have gone through about 20 but none work.

Most recent was based on smoothed but again nada.

For those of you who aren't sure about fractals, or just want a change o scenery this would work equally good and I use in my trading as well.

The pic attached has several trades. However as I am in CST Canada the only trades I was able to get at ar the last 2, indicated by a thumbs up next to the arrow.

Again use your preferred trend filter.

SMJONES: Can you whip something together? EA and pic attached.

Thanks!
Attached Image (click to enlarge)
Click to Enlarge Name: ha.gif Size: 20 KB
Attached File(s)
File Type: mq4 Heiken Ashi.mq4   4 KB | 1,384 downloads
  • #24
  • Edited Aug 2, 2009 7:15am Aug 1, 2009 7:51am | Edited Aug 2, 2009 7:15am
Mis Amigos!

pipjunky:
I can say that Heiken Ashi was my second choice of indicators, when I start threwing them on chart... and I am currently checking them manually together with Fractals, Awsome Oscillator and Accelerator / Decelerator. I tend to like those Indicators without setting, since we do not have to set any parameters - simple.

I did manage to (mysteriouslly) merge ManageTP and modified NSWave codes (PipChi CPL v5.1), but it only sets 1 (first) SL after the trade is placed. So it basicaly sets a sort of Break Even (attached). With current degree of MT4 coding knowledge, I am no match for this task of completely merging those 2 codes. Actually NSWave with 2 or 3 levels of SL would suffice.

Looking forward for SMJones reply, as well as any other reply, of course.

Have fun,

Simon

EDIT: Code is a MESS! Use with caution! Test on demo only! I am in no way responsible for any loss nor gain, caused with use of this PipChi EA!
Attached File(s)
File Type: mq4 PipChi_CPL_v5.1.mq4   33 KB | 1,806 downloads
  • #25
  • Aug 1, 2009 7:19pm Aug 1, 2009 7:19pm
Quoting Chistabo
Mis Amigos!

pipjunky:
I can say that Heiken Ashi was my second choice of indicators, when I start threwing them on chart... and I am currently checking them manually together with Fractals, Awsome Oscillator and Accelerator / Decelerator. I tend to like those Indicators without setting, since we do not have to set any parameters - simple.

I did manage to (mysteriouslly) merge ManageTP and modified NSWave codes (PipChi CPL v5.1), but it only sets 1 (first) SL after the trade is placed. So it basicaly sets a sort of Break Even (attached). With...
Thank you for taking the time to merge ManageTP and NSWave. Should be very useful.

Best wishes,
  • #26
  • Aug 1, 2009 8:14pm Aug 1, 2009 8:14pm
I put the regular stock fractals on a chart, and the TFractal on a chart, and they appear in the same locations. I'm not sure what you meant when you posted that they can appear two bars back, but will disappear, but that the TFractals don't.
In looking at the chart, they look a lot like the level 3 Semifor indicator, which merely picks the highs and the lows, and keeps moving until the high or low is reached and the pair reverses by X amount of pips. In othere words, from what I see, the fractal indicator as shown on the historical chart stops when the pair has reached bottom or top, and this bottom or top is only determined on a historical chart well after the fact. Like someone simply looking at a chart and putting an arrow by the low or high of each run.
I hope I'm wrong in this, but don't think I am. Difficult to trade a moving arrow. Once it appears, and you place a trade at the next candle, the arrow could simply disappear or move to the candle you placed the trade at, meaning you got in too early.
  • #27
  • Aug 16, 2009 9:03am Aug 16, 2009 9:03am
Ola!

I am attaching the updated version of PipChi EA. This one does trails stops, it even has max no. of orders included, but this part acts unusually, since I didn't implemented MagicNumber generator (yet).

Filter is 2 x SMA. If you set both SMA to same value, it will of course act as 1 x SMA filter. After playing with few variations of various filters, I like MA the best. This does NOT mean this is the best filter! Any suggestions wellcome.

Test it on demo. I am in no way responsible for any losses nor gains, caused by use of this EA!


pipyunky!

Could you please explain your post #23, since I am playing with this idea too.

''I am highly surprised no one has ever created a properly functioning EA using Heikin Ashi. This is very bizarre. We have searched high and low. Have gone through about 20 but none work.

Most recent was based on smoothed but again nada.''

Are you saying you have 20 EA's based on Heiken Ashi? Can you share those?

Thank you for your help,

Have fun,

Simon
Attached File(s)
File Type: mq4 PipChi Hercules EA v1.mq4   10 KB | 1,892 downloads
  • #28
  • Edited Aug 18, 2009 5:27am Aug 17, 2009 7:32am | Edited Aug 18, 2009 5:27am
Ole!

Attached is another version of PipChi EA. This one is nearly perfect, regarding Money Management - it does, what I was looking for (still, it does not trade magnificant by itself):
- you can set BE level, at which price, to which price, after that it will trail, if wanted
- filter is again 2 x MA, you can set / choose all possible parameters of MA
- you can set trading hours (please verify if this works!!!)
- StopLoss and TakeProfit can be or not be set, at desired levels
- some other functions, like SendEmail, AlertOnly etc.
- if UseMoneyManagement, either you should have big account, or use big Risk (10), check it yourself, it didn't work well with my 1000 $ testing account

Check it, play with it, use it at your own risk. Demo Test it! Again, I am in no way responsible for any gains or losses caused by use of this, nor any of EA's, previously attached by me.
Check:
* 1 MA short period (1 to 21), 2 MA long period (13 to 360), or both short or both long periods, close values (like 5, 8, or 240, 360 and between)
* tight StopLoss (+/- 30 pips (or 300 pips, I use Alpari UK 5 digits) and wide StopLoss (50 - 500 (500 - 5000) pips), with a propriate TrailingStop or TakeProfit
* tight BreakEven (30 - 50 (300 - 500) pips) or without BE...

BackTesting does not produce significant results, but if I keep an eye on trades, I make sure to let the winners ride, cut the loosers. And I do not believe in BackTesting, because of known limitations of MT4. TRADER is The Holy Grail, EA's are just a liquid to be put in (or vice versa, suit youself).

The BIIIG THANK YOU goes to:
- smjones - author of original NSWave EA, which plays mayor role in PipChi EA (bow, bow)
- Ronald Reygun - author of RR Generic MA Crossover EA (beutifull job, bow, I intended to code something like this, but here it is already perfectly done, much better than I could do it in years ahead, bow)
- David J. Lin - author of Hercules EA (bow)

It should be also noted at this moment perticullary, that I use / Demo test original NSWave 1.0 (by CodeMaster smjones, bow) on Daily timeframe, and keep an eye on it - it fits me so far, since I work full time.


So, off I go into the new adventures of Heiken Ashi ExpertLand (Sake, sake!).

If someone has some Ideas what should I pay attention to with Heiken Ashi, I would be gratefull. So far I found out it sets 2 values - value 1 and value 3. I believe they are connected with HAHigh and HALow. Following has been further noted:
§ IF Value 1 > Value 3 = RED BAR
§ IF Value 1 < Value 3 = GREEN BAR
§ IF Value 1 = Value 3 = SAME COLOR AS PREVIOUS BAR
I did not observed if HA repaints?

Please correct me if needed. I am also aware of HA Smothed, which has already been implemented into some testing EA's, so far, just like pipjunky previously stated, without any significant success. (Sakeee!) Further observing of Heiken Ashi gave me feeling, that it would mainly be usefull for exits.

pipjunky, if you do not agree with me intruding your thread, please accept my appologees and let me know. I respect all of you...

Thank you all for your help,

Love you all,

Have fun,

Simon

EDIT: attached EA is updated, SELL didn't trail, now it does, CloseOnOppositeSignal had TradingHours in code, which makes no sense, removed
Attached File(s)
File Type: mq4 PipChi Generic v1.0.mq4   15 KB | 2,431 downloads
  • #29
  • Aug 18, 2009 11:56am Aug 18, 2009 11:56am
Thanks Chistabo. Will have a look a revert back.
  • #30
  • Edited 3:09pm Aug 18, 2009 2:46pm | Edited 3:09pm
Ole!

Attached is .set file, as an example. I am impresed. Using Alpari UK, 5 digits. For 4 digit Brokers, remove last 0 in settings.

Thank you again, pipjunky. Shall Pipies be with you, all.

Have fun,

Simon

from Slovenia
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 9 KB
Attached File(s)
File Type: zip pipchi generic gbp usd h4 example.zip   < 1 KB | 1,720 downloads
  • #31
  • Aug 18, 2009 6:53pm Aug 18, 2009 6:53pm
Quoting paradoxical
I put the regular stock fractals on a chart, and the TFractal on a chart, and they appear in the same locations. I'm not sure what you meant when you posted that they can appear two bars back, but will disappear, but that the TFractals don't.
In looking at the chart, they look a lot like the level 3 Semifor indicator, which merely picks the highs and the lows, and keeps moving until the high or low is reached and the pair reverses by X amount of pips. In othere words, from what I see, the fractal indicator as shown on the historical chart stops...
Its more than that. Fractals are a Bill Williams indicator. You can read about them here Fractals

The fractal can be erased if it is broken out of while it is being drawn. (see the rules for fractals). I found this out the hard way. I have a simple EA I use to exit a trade using a stop loss based on fractals. When the fractal was erased so was my stop and I never was taken out. I now wait 3 bars before using a newly formed fractal.
  • #32
  • Aug 19, 2009 12:47pm Aug 19, 2009 12:47pm
Quoting pipjunky
Thanks again jones. Fantastic!

Re profitability. I simply use the two ideas you so generously programmed for entries with manual confirmation while using proper technical analysis. The profit comes from determining the best exits, pivots, Pps etc.

So anyone who may be reading this thinking this is a "set and forget" system would be mistaken.

By having the entry signals "pop up" with the manual confirmation I don't have to stare @ the charts constantly in fear of missing an entry which bothers me more than being stopped out.

Case and...
Hi Pipjunky

On the chart there is an indicator ???CCI(20,5).

Can you please indicate what indicator this is. I only get the AO and AC indicators in seperate windows and this one looks user friendly.

Thanks

John
  • #33
  • Aug 19, 2009 2:22pm Aug 19, 2009 2:22pm
Quoting jmcl
Hi Pipjunky

On the chart there is an indicator ???CCI(20,5).

Can you please indicate what indicator this is. I only get the AO and AC indicators in seperate windows and this one looks user friendly.

Thanks

John
Where are you seeing CCI? Maybe attach a screenshot so I can better answer.

Thanks!
  • #34
  • Aug 19, 2009 2:26pm Aug 19, 2009 2:26pm
I see it now. it is T3CCI which is a custom indi FXSniper has put together.

Believe it is open source so here it is.
Attached File(s)
File Type: mq4 FX Snipers T3 CCI.mq4   3 KB | 2,204 downloads
  • #35
  • Aug 19, 2009 2:44pm Aug 19, 2009 2:44pm
Quoting pipjunky
I see it now. it is T3CCI which is a custom indi FXSniper has put together.

Believe it is open source so here it is.
Thank you for that. Have you heard about " The Fractal Guru Strategy " where u make use of the ADX indicator?

John
  • #36
  • Aug 19, 2009 2:50pm Aug 19, 2009 2:50pm
Quoting jmcl
Thank you for that. Have you heard about " The Fractal Guru Strategy " where u make use of the ADX indicator?

John
I have not. Throw up a chart. I am always curious about other styles.
  • #37
  • Aug 19, 2009 3:02pm Aug 19, 2009 3:02pm
Quoting pipjunky
I have not. Throw up a chart. I am always curious about other styles.
A .doc file is attached, if problems with file let me know


Attached File(s)
File Type: doc The Fractal Guru Strategy.doc   170 KB | 4,345 downloads
  • #38
  • Aug 20, 2009 11:57am Aug 20, 2009 11:57am
Hi Everyone,

If not mistaken the conept of how fractal is constructed and about aligator are in the book wrote by Bill William.... Trading Chaos. Little summary from FF about it can be seen here : http://www.forexfactory.com/showthread.php?t=26044

Whereas what pipjunky is trying to say about fractal trading.... unfortunately ... I do not have a clue since there is no explanation. My guess is that once a fractal is there... it confirms that ... that candle with fractal sign is the end of a wave... take the reverse trade.....
But the problem is which fractal is a good one.... I do no....

I would appreciate if one can help explain it.

Eddy

Quoting jmcl
Hi pipjunky
How are you doing with fractols?

I don't understand the use of Aligator filter due to the fact that it is trying to look into the future.
Maybe I don't understand the concept and any info will help

Many pips to all

John
  • #39
  • Aug 21, 2009 11:39pm Aug 21, 2009 11:39pm
Quoting eddyforexedi
Hi Everyone,

If not mistaken the conept of how fractal is constructed and about aligator are in the book wrote by Bill William.... Trading Chaos. Little summary from FF about it can be seen here : http://www.forexfactory.com/showthread.php?t=26044

Whereas what pipjunky is trying to say about fractal trading.... unfortunately ... I do not have a clue since there is no explanation. My guess is that once a fractal is there... it confirms that ... that candle with fractal sign is the end of a wave... take the reverse trade.....
But...
If you read from the start you'll see what filters are used and how to determine which is a good trade and which is not.

And yes, good point regarding the wave. Jones appropriately named the ea I asked for "NS Wave"

happy pips!
  • #40
  • Aug 22, 2009 2:01am Aug 22, 2009 2:01am

Hi Pipjunky,

Thank you for your reply.


I tried reading the threads again... I notice the chart where there are CCI and Stochastic. For stoch, you use it to spot the OS or OB , waiting for reversal trade where the fractal should pop up. That makes sense. But I do not understand what the CCI histogram is for....Could you PLEAZEEEE.....explain how you use it


Thank you X 1000

Eddy


Quoting pipjunky
If you read from the start you'll see what filters are used and how to determine which is a good trade and which is not.

And yes, good point regarding the wave. Jones appropriately named the ea I asked for "NS Wave"

happy pips!
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