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Mister ED's 4 hour Heikin Ashi system

  • #741
  • Aug 27, 2009 11:33am Aug 27, 2009 11:33am
Quoting LongBar
Thanks to all of you for your supporting thoughts, much appreciated!

I am glad to say that my little daughter is out of hospital and we just managed to fly back home - so everything is back to normal.

All the best,
Longbar
Glad to hear it.
Vinesh
  • #742
  • Aug 27, 2009 1:59pm Aug 27, 2009 1:59pm
Quoting LongBar
Thanks to all of you for your supporting thoughts, much appreciated!

I am glad to say that my little daughter is out of hospital and we just managed to fly back home - so everything is back to normal.

All the best,
Longbar
Hi Longbar,

Best news!

JR
  • #743
  • Aug 27, 2009 8:56pm Aug 27, 2009 8:56pm
I have had ver 15 1 hr and 4 hr version running since they were uploaded here and NO trades. Is everyone having success with this new version? What do you think I might be doing wrong?
Gator - Trader Learning and Earning
  • #744
  • Aug 27, 2009 9:25pm Aug 27, 2009 9:25pm
Has anyone in the thread had any manual trades put in this week following the system? If yes could you please share your results.

Thanks
  • #745
  • Aug 27, 2009 11:43pm Aug 27, 2009 11:43pm
Quoting gator-trader
I have had ver 15 1 hr and 4 hr version running since they were uploaded here and NO trades. Is everyone having success with this new version? What do you think I might be doing wrong?
Hi,

I assume you have a smiley face in the upper right corner, the order size matches your broker's specs, and you have the HSA indicator loaded along with the EA.

Have you looked at the Experts tab entries? Look for line entries that have ERROR: then it lists something that went wrong. They usually point you in the right direction.

I've had 12 trades today on the H1 at FXCM and 4 on the H4.

JR
  • #746
  • Aug 28, 2009 3:41am Aug 28, 2009 3:41am
Quoting JRpips8
rcbarlow,

Were you using fixed lot or % risk?

I had similar experience with v 0.14 but only when using fixed 1 lot risk with exit 2. (More details in posts #710-711)
At first I thought it was because I had a duplicate pair/EA on that profile and several corrupted Comment entries. However, after removing the duplicate, opening a new account and starting fresh, it again repeated the rapid open/ close trades.

Good news is that when I replaced it with V0.15 last night it appears to be working correctly: no Energizer bunny trading.

I don't know...

JR and rcbarlow,

I took a quick look at this and seems to me there was a problem with v0.14 with fixed lot and exit 2. This was however got fixed in v0.15.

I suspect an issue though with v0.15 around the recovery process: I think if the second order fails then at next tick the first order gets closed and both (first & second) will be re-submitted. With version 0.14 this would result in an indefinite cycle of submit/close-out per tick, but with v0.15 this would keep up only until successful resubmission of both orders.

Could you have a look at your history logs to see you had the above behaviour?

Longbar
  • #747
  • Aug 28, 2009 1:28pm Aug 28, 2009 1:28pm
Quoting LongBar
JR and rcbarlow,

I took a quick look at this and seems to me there was a problem with v0.14 with fixed lot and exit 2. This was however got fixed in v0.15.

I suspect an issue though with v0.15 around the recovery process: I think if the second order fails then at next tick the first order gets closed and both (first & second) will be re-submitted. With version 0.14 this would result in an indefinite cycle of submit/close-out per tick, but with v0.15 this would keep up only until successful resubmission of both orders.

Could you have a look...
Hi Longbar,

Welcome back.

Yes, I've seen that behavior with v0.15 as well.
On H4, I haven't found any instances, but on the H1 there were dozens of same minute open/closes when set to MM 3% and Exit 2. Same for M30 with MM 3% and Exit 0 and Exit 2. Same for M15 with MM 3% and Exit 2 (only M15 chart I ran).

Let me know if you want logs or more details.

JR
  • #748
  • Aug 29, 2009 10:14pm Aug 29, 2009 10:14pm
JR : Thank you...

I re-read everything and discovered I did not have the ATR indicator installed. I found the settings for 4 hr.
HA Smoothed Settings 2,6,3,2 / ATR – 20
1. Are these the same settings you are using?

2. In the EA are you still using ATRperiod = 20, ATRMultiplierSL =1.0, ATRMultiplierTP=1?

Quoting JRpips8
Hi,

I assume you have a smiley face in the upper right corner, the order size matches your broker's specs, and you have the HSA indicator loaded along with the EA.

Have you looked at the Experts tab entries? Look for line entries that have ERROR: then it lists something that went wrong. They usually point you in the right direction.

I've had 12 trades today on the H1 at FXCM and 4 on the H4.

JR
Gator - Trader Learning and Earning
  • #749
  • Aug 29, 2009 10:23pm Aug 29, 2009 10:23pm
I see a lot of talk in the threads about the GMT settings. Is it really important? If so how can I adjust the EA for my GMT?
Gator - Trader Learning and Earning
  • #750
  • Aug 30, 2009 8:47am Aug 30, 2009 8:47am
I have been following this thread from the beginning and have also been paper trading the strategy on and off over the past 4 weeks. I would love to use the EA but other than loading it into metatrader and dragging it onto the charts I don't know how to set up the correct trade days etc. Can anyone help or guide me to the place where I can find the information?

Thanks!
  • #751
  • Aug 30, 2009 8:49am Aug 30, 2009 8:49am
longbar

can you add a on/off feature to the latest version EA for the 200% ATR price retracement feature option ?

trading on 50%-200% ATR is simpler

it may make less money but i think safer
  • #752
  • Aug 30, 2009 12:40pm Aug 30, 2009 12:40pm
Quoting ianforex
I have been following this thread from the beginning and have also been paper trading the strategy on and off over the past 4 weeks. I would love to use the EA but other than loading it into metatrader and dragging it onto the charts I don't know how to set up the correct trade days etc. Can anyone help or guide me to the place where I can find the information?

Thanks!
Hi ianforex,

Scroll through posts starting at page 24 (Longbar's EA v0.2) and just look for Longbar's new versions. He explains clearly what each new iteration offers and how to set the variables. Or you can read his summary of the version changes and help entries for the variables in the first couple pages of the .mq4 file (open it in Metaeditor).

Be sure you also read Mr Ed's .doc at the beginning of the thread. The method is clear and straightforward, and Longbar has been very conscientious in implementing Mr Ed's method as it was written.

For filtering each pairs trades with days and entry candle choices, see the Mister Ed HA example.xls spreadsheet that summarizes the results for different pairs, days of the week and entry candle choices. Lots of very useful insight into the method.

Mr Ed used FXDD which has a chart time of GMT+3. If you use a different GMT offset it could significantly change your results trading the H4 time frame (Offset won't effect H1 or shorter tf).

Using FXCM (GMT+1), I'm noting different profitable entry candle times. I'm guessing it's due to matching/ not matching London & NY market open times. HAS is a trend system and if the candle closes just after the open, it won't catch a reversal after the banks have done their stop running, and you will likely get stopped out. The Asian open is not usually as volatile so the candle close time doesn't seem to be as big a factor. Best candle close time appears to be 2 hours after market open time, at least for NY & London (just a quick look based on August 09).

There are a couple of unresolved items with v0.14 and v0.15 placing repeating orders. I'd suggest using v0.13 until they are resolved. The only features v0.13 lacks are the 2 separate orders for exit2 entries, and the ATR>200% retrace entry. Otherwise, it works very well and will give you a good sense of how Mr Ed's method performs. The retrace entries are maybe 1 out of 15 trades so not having that function won't greatly effect your results. Also, having the 2 order function isn't necessary unless you're using an ECN broker (FXCM or similar) that doesn't allow partial close of an order.

Hope this helps.

JR
  • #753
  • Aug 30, 2009 1:01pm Aug 30, 2009 1:01pm
Quoting gator-trader
JR : Thank you...

I re-read everything and discovered I did not have the ATR indicator installed. I found the settings for 4 hr.
HA Smoothed Settings 2,6,3,2 / ATR – 20
1. Are these the same settings you are using?

2. In the EA are you still using ATRperiod = 20, ATRMultiplierSL =1.0, ATRMultiplierTP=1?
Hi gator-trader,

Yes, I'm using the defaults per Mr Ed and Longbar.
I'm tempted to vary the ATR's but don't have the time to test and the default 20 & 1.0 seem to be good choices.

JR

Just noticed your post about the GMT offset.
In post 752 above I mentioned what I've seen so far.
  • #754
  • Aug 30, 2009 1:05pm Aug 30, 2009 1:05pm
Hi Mister Ed

What have your recent results(past month or so) been trading this method?

Whats your latest optimization settings for the pairs?
  • #755
  • Aug 30, 2009 2:17pm Aug 30, 2009 2:17pm
Quoting JRpips8
Hi Longbar,

Welcome back.

Yes, I've seen that behavior with v0.15 as well.
On H4, I haven't found any instances, but on the H1 there were dozens of same minute open/closes when set to MM 3% and Exit 2. Same for M30 with MM 3% and Exit 0 and Exit 2. Same for M15 with MM 3% and Exit 2 (only M15 chart I ran).

Let me know if you want logs or more details.

JR
I was focusing on the recovery process as seems to me the problems JRpips8 and rcbarlow experienced are due to that - thanks pointing out by the way! Definitely there were EA issues and made changes to hopefully fix them

Now the forged backtests passed the recovery tests when the initial order (with TP) or the second order (for the trailing SL purposes) fails on submission. Due to the fact MT may report back (timeout) error AND at the same time create the ticket as well (huh!) the recovery logic at next tick cheks for ticket rather than blindly resubmit the failed one again. If ticket was found on the account then the recovery continues with the second order if applicable. This logic is appropriate assuming that the EA does the recovery immediatelly after the failed order submits, ie at next incoming tick(s). However if the EA was stopped before full recovery for an extended period of time then the price may move away that much that there is no point to do recovery. In this case I would suggest to complete the trade cycle manually.

FYI I was doing the tests with TwoStepOrderSubmit=false and ExitMethod=2.

See attached the bug fix version 0.15.1 of the EA.

Have a good trading week!
Attached File(s)
File Type: mq4 MisterED_v0.15.1.mq4   45 KB | 417 downloads
  • #756
  • Aug 30, 2009 2:47pm Aug 30, 2009 2:47pm
I make an attempt to review all outstanding features/issues with the EA. This is the list comes to my mind with no particular order:

 

  1. Proper order handling during counter trigger
  2. Using the fixed HAS indicator - with wick below the body
  3. Tracking maximum retracement since order open
  4. Enable/disable retracement trigger entry
  5. T3 indicator
  6. News filter using THV3 FFCal.mq4

In terms of the trading strategy I think the very first one needs some attention. The EA closes off immediatelly existing orders and submits new orders when counter trigger found, but this may not be what Mr ED really does: Mister ED what is your view on this?

Any comment etc welcome as how to go on with EA development.

Longbar

  • #757
  • Aug 30, 2009 3:07pm Aug 30, 2009 3:07pm
Quoting LongBar
I was focusing on the recovery process as seems to me the problems JRpips8 and rcbarlow experienced are due to that - thanks pointing out by the way! Definitely there were EA issues and made changes to hopefully fix them

Now the forged backtests passed the recovery tests when the initial order (with TP) or the second order (for the trailing SL purposes) fails on submission. Due to the fact MT may report back (timeout) error AND at the same time create the ticket as well (huh!) the recovery logic at next tick cheks for ticket rather than blindly...
Hi Longbar,

Thanks for the updated version.

I'll test it this week. My TwoStepOrderSubmit=true and testing all 3 exit methods with both fixed and % entry.


Persistent Pending Orders
I've noticed that the pending orders last forever if not filled. Is it possible to remove a pending order if not filled by the end of the current candle? I'm removing them manually and it's not a big issue on an H4, but could be a lot of screen time on a shorter tf.


Cheers,

JR
  • #758
  • Aug 30, 2009 5:12pm Aug 30, 2009 5:12pm
Quoting JRpips8
Hi Longbar,

Thanks for the updated version.

I'll test it this week. My TwoStepOrderSubmit=true and testing all 3 exit methods with both fixed and % entry.


Persistent Pending Orders
I've noticed that the pending orders last forever if not filled. Is it possible to remove a pending order if not filled by the end of the current candle? I'm removing them manually and it's not a big issue on an H4, but could be a lot of screen time on a shorter tf.


Cheers,

JR
Hi JRpips8,

The EA meant to allocate expiration time to the pending orders so those should be valid only up the the last second of the bar next to the trigger bar. If your broker supports this feature you could see the expiration time in the order management window comes up by right click on the pending order and selecting the "Modify or Delete Order" entry. The EA also makes a log into the Experts tab when submitting the pending order and you should see something like this:

23:00:02 MisterED EURUSD,H4: INFO: SubmitOrder - new BUYSTOP order at bid:1.43474000 , entry:1.44052000 SL:1.43589000 TP:1.44515000 Lot:0.17000000 exp:2009.08.28 03:59:59 ExitMethod:2

The highlighted part is the date submitted to the broker the pending order should expire at.

Could you double check these on your demo accounts?

Longbar
  • #759
  • Aug 30, 2009 6:35pm Aug 30, 2009 6:35pm
Quoting LongBar
Hi JRpips8,

The EA meant to allocate expiration time to the pending orders so those should be valid only up the the last second of the bar next to the trigger bar. If your broker supports this feature you could see the expiration time in the order management window comes up by right click on the pending order and selecting the "Modify or Delete Order" entry. The EA also makes a log into the Experts tab when submitting the pending order and you should see something like this:

23:00:02 MisterED EURUSD,H4: INFO: SubmitOrder - new BUYSTOP order...
Hi Longbar,

Found this entry in one of the Experts logs:
13:27:07 MisterED_v0.15.0 AUDUSD,H4: INFO: SubmitOrder - new BUYSTOP order at bid:0.83804000 , entry:0.84166000 SL:0.00000000 TP:0.00000000 Lot:1.05000000 exp:2009.08.27 23:59:59 ExitMethod:0

13:27:07 is local MDT time and if the 23:59 exp time in the INFO entry is chart time, then it should have expired at 16:59 MDT which is the end of the bar next to the trigger bar. (MDT is -7 hrs from the chart time).
It appears the correct order for expiry was in place, but nothing happened. I removed the order manually from the pending orders at 22:48 MDT, almost 6 hrs past when it should have auto-deleted.
There were more than 20 pending orders scattered over 12 accounts.
Is this a broker optional support issue?
All the accounts were FXCM demos using the Boston Liquid Connection servers.


JR
  • #760
  • Aug 30, 2009 7:14pm Aug 30, 2009 7:14pm
Quoting JRpips8
Hi Longbar,

Found this entry in one of the Experts logs:
13:27:07 MisterED_v0.15.0 AUDUSD,H4: INFO: SubmitOrder - new BUYSTOP order at bid:0.83804000 , entry:0.84166000 SL:0.00000000 TP:0.00000000 Lot:1.05000000 exp:2009.08.27 23:59:59 ExitMethod:0

13:27:07 is local MDT time and if the 23:59 exp time in the INFO entry is chart time, then it should have expired at 16:59 MDT which is the end of the bar next to the trigger bar. (MDT...
Right, this may suggest FXCM specifics...

Getting way too late for me now so I am going to set up an FXCM demo account to play around with it tomorrow.

Good night!
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