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4H Box Breakout

  • #2,541
  • Aug 25, 2009 9:16pm Aug 25, 2009 9:16pm
Quoting Pharoah
I just did a quick little check on the 1H, and I don't see how changing the MA's setting would benefit 1H traders at all, based on the visual resemblances I see between 4H and 1H, this system would still hold better with default MA settings (by default I mean my original settings)
I'm not sure about that. here are the same settings but on 1HR and on 4 Hr. Big difference.
Dave R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1hr ma.gif Size: 40 KB
Click to Enlarge Name: 4hr ma.gif Size: 46 KB
  • #2,542
  • Aug 25, 2009 9:28pm Aug 25, 2009 9:28pm
hmm, that's odd, take a look at my charts.

here is my 1H for GY

Attached Image (click to enlarge)
Click to Enlarge Name: 1h.jpg Size: 153 KB


And now here is my 4H for GY

Attached Image (click to enlarge)
Click to Enlarge Name: 4h.jpg Size: 161 KB


I'm using my default setting for both 1H and 4H
  • #2,543
  • Aug 25, 2009 10:23pm Aug 25, 2009 10:23pm
anyone getting trades with this ea?
lot of smiles but nothing opening. dont mind manual but would like it to work.
  • #2,544
  • Aug 25, 2009 10:34pm Aug 25, 2009 10:34pm
Quoting Pharoah
hmm, that's odd, take a look at my charts.

here is my 1H for GY

Attachment

And now here is my 4H for GY

Attachment

I'm using my default setting for both 1H and 4H
Actually they are almost identical.

My point was that over the same time frame, the results are way different. If you are looking at 6 4hr bars, that's 24 1 hr bars. Very very different (the 1hr compared to the 4hr over the same timeframe is very different)

Dave R.
  • #2,545
  • Aug 25, 2009 11:04pm Aug 25, 2009 11:04pm
Quoting droland
Actually they are almost identical.

My point was that over the same time frame, the results are way different. If you are looking at 6 4hr bars, that's 24 1 hr bars. Very very different (the 1hr compared to the 4hr over the same timeframe is very different)

Dave R.
I agree with you on this, as it has more bars to reflect on, but the fact remains is that shifting it 12 positions could cause major problems with steep trends, causing MAJOR delays in response which could end up taking a massive loss, much much higher than originally intended.

I would suggest this instead of shifting any major amount, the shifts are fine the way they are and should not be changed under any circumstance , is to change the period at which it's read, or check around at which calculation to apply it to.

You have to think, moving averages are a representation of the average price, if you shift it over 12 times, that information is spread over a larger amount of bars, skewed if you would, and much harder to read, if you do insist on increasing the shift, I would multiply it by no more than 2, making one of them 2, and one of them 10.
  • #2,546
  • Aug 25, 2009 11:20pm Aug 25, 2009 11:20pm
Quoting Pharoah
I agree with you on this, as it has more bars to reflect on, but the fact remains is that shifting it 12 positions could cause major problems with steep trends, causing MAJOR delays in response which could end up taking a massive loss, much much higher than originally intended.

I would suggest this instead of shifting any major amount, the shifts are fine the way they are and should not be changed under any circumstance , is to change the period at which it's read, or check around at which calculation to apply it to.

You have to think, moving...
Yes I agree with that. You want to average over the same time period but the shift is a problem. I would think we would need an EA to review this with different settings.

Dave R.
  • #2,547
  • Aug 25, 2009 11:23pm Aug 25, 2009 11:23pm
Quoting droland
Yes I agree with that. You want to average over the same time period but the shift is a problem. I would think we would need an EA to review this with different settings.

Dave R.

My thoughts exactly, not to mention, having apply to, Method, Period and Shift as user defined options, it would allow us to effectively produce the most effective settings with very little effort.
  • #2,548
  • Aug 26, 2009 12:04am Aug 26, 2009 12:04am
hi guys,

i m very interested in the 50% sl of the box. does anyone have any concrete data on whether this better than puttting sl to be after tp1 is hit?

i have been putting sl to be after tp1 is hit and its been quite good.

thanks
  • #2,549
  • Aug 26, 2009 1:00am Aug 26, 2009 1:00am
Quoting Pharoah
This week would have this result using my method on those pairs.

GY

Attachment

This trade is still going strong at a total of 177 pips profit, with a trailing stop of +73.3 pips profit, and climbing.


EY

Attachment

This trade would have stopped out at BE, so no loss.
Hi Pharoah,

Have been following your suggestion since your first post on maxing profit n minimise loss using your suggested SMA settings. However (maybe i'm not as bright as normal people do), i still do not understand how to apply your method.

With reference to your post above, if you have stopped out in EJ, in which price reached the BE SMA, why were you not stopped out in GJ?

In fact, i don't quite understand your first post.

Please guide.

Thanks
福 子 Victor V
  • #2,550
  • Aug 26, 2009 1:04am Aug 26, 2009 1:04am
Hi Ronald

I'm using your EA as a tool to learn how to program using MT4. Haven't gone too far yet, but got a quick q for you. When you calculate the Lot size in the Money Management sequence, you use the following function:

Lots = MathFloor((AccountFreeMargin()*AccountLeverage()*Risk*Point*BrokerMultiplier*100) / (Ask*MarketInfo(Symbol(),MODE_LOTSIZE)*MarketInfo(Symbol(),MODE_MINLOT)))*MarketInfo(Symbol(),MODE_MINLOT);

In the division' denominator, why do you multiply by MarketInfo(Symbol(),MODE_MINLOT) after you calculated the Lot size? does't that result in a lower than expected lot size?

For example with a price of around 154.02 for the G/J, $5,000 in margin, 200:1 leverage and a Risk=5 the lot size I'm getting .33, when in reality should be 3.

Thanks in advance.
  • #2,551
  • Aug 26, 2009 1:27am Aug 26, 2009 1:27am
Im reading everybody since this post was made by Ace and first of all I want to give thanks to Ace for sharing their system.

Also I would like to thanks everybody who is improving this system with their ideas, like move the SL to BE wen TP1 is hit or SL at 50% of the box.

This last modify SL set up is also nice, and I would like to backtest it as soon as possible. If I could I would post the results here.

Im trading live for 5 weeks (but unfortunately not the best week of the month in August 9th) and I have increased my account in 10 % approximately.

This week my long order was triggered for a few pips because I didnt add the buffer as anybody in FF.

Best Regars everybody.

I enjoy very much reading your posts.

(Sorry for my poor English, Im Spanish)
  • #2,552
  • Aug 26, 2009 1:30am Aug 26, 2009 1:30am
Quoting camvcvoo
Hi Pharoah,

Have been following your suggestion since your first post on maxing profit n minimise loss using your suggested SMA settings. However (maybe i'm not as bright as normal people do), i still do not understand how to apply your method.

With reference to your post above, if you have stopped out in EJ, in which price reached the BE SMA, why were you not stopped out in GJ?

In fact, i don't quite understand your first post.

Please guide.

Thanks
The reason I did not get stopped out on the GJ position is because the price never went back above the BE point.

In my prior posts, I stated that the Trailing Stop is adjusted using the 2 moving averages. The stop follows the Red MA right until the Red MA moves past the BE point, the Stop is then set at BE until the Black MA crosses the BE point, it then starts to follow the Black MA, the Black MA on my GJ wasn't past the BE point when that spike hit.

I hope that helps clear my system up.
  • #2,553
  • Aug 26, 2009 1:48am Aug 26, 2009 1:48am
Here, I'll re-post everything all of my setting, and rules that apply to this system.

Red Moving Average
Period : 2
Shift : 1
Apply to : Median Price (HL/2)
Method : Smooth

Black Moving Average
Period : 2
Shift : 5
Apply to : Median Price (HL/2)
Method : Smooth


When an order is triggered (in this example sell), apply a stoploss where the Red MA is above the current open bar. Adjust this stoploss at the open of every new bar. When the stoploss reaches the Break Even point it follows the Break Even until the Black Moving Average crosses over the Break Even point, once the Black Moving Average crosses over the Break Even point, adjust the stoploss according to where the Black Moving Average is above the current open bar, and re-adjust on every freshly open bar.

Once again, I must request that this system be kept at ForexFactory, this is not a public system, it is my private system, but am sharing with you all because it was all of you who helped me make this system, by having such a large knowledge base of information that helped me devise it.
  • #2,554
  • Edited 2:04am Aug 26, 2009 1:51am | Edited 2:04am
Quoting david4u
Hi Ace & all
I am new to this thread and for sure not more clever than anybody here .
Would like to make a comment based on my visual observation of GY .
When I saw the charts with the 2 indi , I checked visually ONE thing :
What was the maximum amount of pips the trade went on the direction of the 1st box BO , before I close the trade due to SL (other side) or end of week.
And I said Wowwwww !
I visually checked it roughly since Jan 2009 , the 1st BO on the GY and I saw that there are only 3 losers...
This has actually also sparked an idea.

This can also be a valid approach. From what i've visually backtested GY has hit the 120 pip mark about 34 times and lost 12 times. Don't quote me on that exactly. But it should be around there.

David, your suggesting an approach where we reduce risk to reward making it around 1:1 but with a higher win rate.

Its a good approach, but the original method with BE at TP1 is more profitable.


Guys, i'm really impressed with all the active posters and varitions. Get your ideas on the table, and we'll sort them out one by one. Keep it up everyone!

Edit: Scratch the 90%+ because there were more losers, don't know where my head was at. It's 3 a.m here can you blame me?
  • #2,555
  • Aug 26, 2009 1:55am Aug 26, 2009 1:55am
hello please where can i get the settings for the MA or what settings is the MA
  • #2,556
  • Aug 26, 2009 1:56am Aug 26, 2009 1:56am
Quoting smartearn
hello please where can i get the settings for the MA or what settings is the MA
Depends on what MA your talking about
  • #2,557
  • Aug 26, 2009 1:58am Aug 26, 2009 1:58am
Quoting Pharoah
Here, I'll re-post everything all of my setting, and rules that apply to this system.

Red Moving Average
Period : 2
Shift : 1
Apply to : Median Price (HL/2)
Method : Smooth

Black Moving Average
Period : 2
Shift : 5
Apply to : Median Price (HL/2)
Method : Smooth


When an order is triggered (in this example sell), apply a stoploss where the Red MA is above the current open bar. Adjust this stoploss at the open of every new bar. When the stoploss reaches the Break Even point it follows the Break Even until the Black Moving Average crosses over the...
Pharoah. Your original post defined Red MA as 3 period 1 shift.

Dave R.
  • #2,558
  • Aug 26, 2009 2:03am Aug 26, 2009 2:03am
Quoting droland
Pharoah. Your original post defined Red MA as 3 period 1 shift.

Dave R.
It depends on the pair, some pairs need more breathing room off the breakout. pairs with more action in them require less immediate breathing room where some pairs move in smaller ranges, much the same as someone mentioned about the buffer size being 10 for some pairs.

The settings above are for GJ, EJ, and the other pairs that go in larger movements than the others.
  • #2,559
  • Aug 26, 2009 2:06am Aug 26, 2009 2:06am
Quoting Ace284
Guys, i'm really impressed with all the active posters and varitions. Get your ideas on the table, and we'll sort them out one by one. Keep it up everyone!
We're all in it to collect the pips man, I'm just glad I had something I could contribute.
  • #2,560
  • Aug 26, 2009 2:26am Aug 26, 2009 2:26am
Quoting Pharoah
Here, I'll re-post everything all of my setting, and rules that apply to this system.

Red Moving Average
Period : 2
Shift : 1
Apply to : Median Price (HL/2)
Method : Smooth

Black Moving Average
Period : 2
Shift : 5
Apply to : Median Price (HL/2)
Method : Smooth


When an order is triggered (in this example sell), apply a stoploss where the Red MA is above the current open bar. Adjust this stoploss at the open of every new bar. When the stoploss reaches the Break Even point it follows the Break Even until the Black Moving Average...

Thank you for your clarification.

I understand better now.

Will respect your effort and i will only keep this in this thread and no where else within Forex Factory.

Cheers!
福 子 Victor V
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