Attachments: Trade what you see NOT what you expect

Trade what you see NOT what you expect

#23,401
Aug 19, 2009 3:55pm Aug 19, 2009 3:55pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

I'm going with the DBHLC on the daily which supports another move back down. Entries here will require SL on the other side of today's high 6596. I will not take the short on the daily myself at this price, I would like to see a bounce off the m15 35/50 to give us all a better entry

Just digging in the trenches like everyone else!

#23,402
Aug 19, 2009 4:51pm Aug 19, 2009 4:51pm

tac
| Joined Jul 2009 | Status: Paologist | 441 Posts

Which broker/platform do you guys use, I would imagine you need one that can have default orders do you can get in out quickly?

I hear and I forget. I see and I remember. I do and I understand.

#23,403
Edited Aug 20, 2009 10:00am Aug 19, 2009 6:01pm | Edited Aug 20, 2009 10:00am

GodfreyH
Joined Aug 2007 | Status: Jamaica | 1,069 Posts

Hello EO,

Ok, I have completed version 1 of the 35/50 ma cross ea.

The basic strategy as outlined in EO's PDF is as follows:

15m 35-50ma cross and reverse:

When you see a close of 15m candle through the 35 and 50 with a short wick, trade a reversal on the opening of the next candle.

--------
Filters
I have added a couple of filters to the basic strategy and 3 independent types of money management.

Filter1: Time. Limit your potential trades to particular sessions or hours.
Filter2: Bar filter.

a: Choose the minimum length of the bar that crosses the ma's. This will reduce activation when the market is less volatile.

b: Choose the % height of the bar wick that is acceptable. Remember we are looking for a short wick

Money management

Use percentage of capital to automatically calculate lot size or manually choose your lot size.

You may also choose to use a regular trailing stop or better, use breakeven when you are in profit. Feel free to experiment with the settings.

The results below for 1st August to date, on a $10,000 demo using 3% risk with breakeven set to 30 pips. and movestops to 10.

This means that when the trade reached 30 pips profit, I moved the stops to 10 pips. I also used the additional option of closing out part of the order at that point.

If you don't want to close any part of your order, just set lots_to_close to 0.

note: lots_to_close is a % of your Initial lotsize, so 0.5 means 50% of your lotsize will be closed.

I haven't tested the ea on 5 digit accounts, but it should work. Let me know if you have any problems.

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Attached File(s)

EO_EA.mq4 16 KB | 397 downloads

#23,404
Aug 19, 2009 8:41pm Aug 19, 2009 8:41pm

sailor68
| Joined May 2009 | Status: Trader | 760 Posts

Quoting GodfreyH

Disliked

Hello EO,

Ok, I have completed version 1 of the 35/50 ma cross ea.

The basic strategy as outlined in EO's PDF is as follows:

15m 35-50ma cross and reverse:

When you see a close of 15m candle through the 35 and 50 with a short wick, trade a reversal on the opening of the next candle.

--------
Filters
I have added a couple of...

Ignored

Thanks for it, you did a nice work, i will test it and give here some feedback.

Trade with the momentum

#23,405
Aug 19, 2009 9:32pm Aug 19, 2009 9:32pm

AmeriTrini
Joined Apr 2007 | Status: USF Statistics | 2,248 Posts

I smell a BIG move coming..............

#23,406
Aug 19, 2009 11:27pm Aug 19, 2009 11:27pm

rt4x
| Joined Jan 2009 | Status: Trader | 447 Posts

Quoting AmeriTrini

Disliked

I smell a BIG move coming..............

Ignored

Are you making reference to the daily candle

#23,407
Aug 19, 2009 11:54pm Aug 19, 2009 11:54pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Good evening/morning/afternoon! I just got in and looking over the market. I see our shorts from the 656x area has paid out nice. I hope some of you got a piece of that ride. Easy play off of prior PA.

Just digging in the trenches like everyone else!

#23,408
Aug 19, 2009 11:58pm Aug 19, 2009 11:58pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting tac

Disliked

Which broker/platform do you guys use, I would imagine you need one that can have default orders do you can get in out quickly?

Ignored

My primary broker is MB Trading, my secondary is with FXDD and my third is with MB Trading like my primary. I don't use default orders, everything is either entered on a new candle or with a PO.

Just digging in the trenches like everyone else!

#23,409
Aug 19, 2009 11:59pm Aug 19, 2009 11:59pm

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Short order filled at 134.36 on EJ.

Just digging in the trenches like everyone else!

#23,410
Aug 20, 2009 12:07am Aug 20, 2009 12:07am

eohater
Joined May 2008 | Status: "One for all, and all for one" | 11,228 Posts

Quoting GodfreyH

Disliked

Hello EO,

Ok, I have completed version 1 of the 35/50 ma cross ea.

The basic strategy as outlined in EO's PDF is as follows:

15m 35-50ma cross and reverse:

When you see a close of 15m candle through the 35 and 50 with a short wick, trade a reversal on the opening of the next candle.

--------
Filters
I have added a couple of filters to the basic strategy and 3 independent types of money management.

Filter1: Time. Limit your potential trades to particular sessions or hours.
Filter2: Bar filter.

a: Choose the minimum length...

Ignored

Excellent work Godfrey!

Thank you for taking the time to program this. I need to get it installed and play around with it. I like the variables you've programmed and we'll see which ones need adjusted.

Just digging in the trenches like everyone else!

#23,411
Edited 1:47am Aug 20, 2009 1:35am | Edited 1:47am

nyjetfan
| Joined Oct 2008 | Status: FXTrader | 426 Posts

Quoting eohater

Disliked

You know, I would like someone to explain to me what the hell justifies the DOW to be where it's at right now. Do these damn traders not take into consideration the consumer. Their throwing gas on the fire by driving price up like it is. 2010 is going to be f-ugly!

Ignored

Hey EO, while I don't think I can explain it fully, here's my thoughts on matters.

With the current state of the economy and consumer spending dropping, the government is fighting the economy on multiple fronts. First off, the consumer isn't there, so they are filling the void by spending money like there's no tomorrow (what consumer isn't spending government is). Now, with jobs being shed left and right, the government knows there's not a snowball's chance in h#!! of the consumer coming back when their portfolio/401k are down 50%+. So the government is trying to do the balancing act where they are filling the void left by the consumer, while trying to create something positive (ie green shoots such as propping up Wall St) to hopefully lure the consumer back to spending and the commercial world back to hiring prior to the whole financial system imploding upon itself. The challenge of course is they can't destroy the dollar or else we can't fund our debt. Its always interesting to notice there seems to be a correlation between pullbacks on Wall Street and treasury debt sales.

While I can't say I have any information that makes the above true, it is one potential explanation. And at some point we'll have to "face the music" which will be an UGLY situation.

Of course the reason I don't trade fundamentals is examples such as above. I don't know the source, but this quote has always stuck with me regarding the "trade what you see, not what you expect" thread:

"The markets can stay irrational much longer than you/I can stay solvent."

Hope everyone is banking some good pips this week, I'm just trying to get myself back into the swing of things (and having some turbulence on the re-entry..

)

#23,412
Aug 20, 2009 2:18am Aug 20, 2009 2:18am

tac
| Joined Jul 2009 | Status: Paologist | 441 Posts

Quoting eohater

Disliked

My primary broker is MB Trading, my secondary is with FXDD and my third is with MB Trading like my primary. I don't use default orders, everything is either entered on a new candle or with a PO.

Ignored

Thanks EO, which do you use for charts? I have been using MT4 for charts nd Oanda for orders, however Im not sure about the mt4 charts for this method. I have used MB before I liked there setup just the commission was quite high, i suppose you can negotiate this though. I am demoing Dealbook 360 also for charts, seems nice. I will look at MB again though.

I hear and I forget. I see and I remember. I do and I understand.

#23,413
Edited 2:35am Aug 20, 2009 2:23am | Edited 2:35am

tdeu
| Joined Dec 2008 | Status: Trader | 533 Posts

Hi,

here a newbie question:

Is the current ruling PPA on 15min tf still the second doji (1hr) from yesterday?

thanks tdeu

#23,414
Aug 20, 2009 2:35am Aug 20, 2009 2:35am

nyjetfan
| Joined Oct 2008 | Status: FXTrader | 426 Posts

Quoting tdeu

Disliked

Hi,

here a newbie question:

Is the current ruling PPA still the second doji from yesterday?

thanks tdeu

Ignored

tdeu - Without seeing a chart or timeframe, I can't say for sure specific to the doji you mention, but in general, previous price action is still in play until we get a close that negates it.

Hope this helps.

#23,415
Aug 20, 2009 3:10am Aug 20, 2009 3:10am