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Attachments: Mister ED's 4 hour Heikin Ashi system
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Mister ED's 4 hour Heikin Ashi system

  • #901
  • Sep 27, 2009 3:50pm Sep 27, 2009 3:50pm
Quoting gator-trader
What is the difference between this EA and MisterED v.017.0
I would suggest to open up the EA source file (.mq4) in an editor and review the first few pages. You will see there breakdown of changes for each version.

If the EA is installed on your MT then right click on the EA name in the Navigator window and select Modify to gain access to the MT built-in source editor...

LB
  • #902
  • Sep 27, 2009 3:54pm Sep 27, 2009 3:54pm
Quoting JRpips8
Hi Longbar,

Found a pdf printer driver on one of the computers, so I printed the attached reports of the H1 Opposite Sig trades as pdf's:
Great reports JR, very nice - time for me to sit & analyse them.

Thanks LB for the reply & your further EA updates.

cheers scalpz
Target 2 : Stoploss in the green
  • #903
  • Sep 27, 2009 3:56pm Sep 27, 2009 3:56pm
Quoting Stumpy1
hi I have been using the ea in stratigy tester but would like to know if I can change the time frame the ea i am using is version 3 and it gives the 1h time frame
thanks for all the work so far
Use the EAPeriod parameter to select the right TF for your backtests, eg EAPeriod=6 for 4H TF. If you want the EA to act on the same TF as the EA is actually running on then set EAPeriod to 0. In this case whatever you select in the "Period:" drop-down on the Strategy Tester window the EA will use the same for its trading activities.
  • #904
  • Sep 27, 2009 3:59pm Sep 27, 2009 3:59pm
Quoting JRpips8
Hi Longbar,

Found a pdf printer driver on one of the computers, so I printed the attached reports of the H1 Opposite Sig trades as pdf's:

MT4 detailed report

following charts are closed trades only:
Chart of Pips by pair
Chart of Pips by hour (times are GMT+1)
Chart of Profit/ Loss by pair

If you like these and want the rest of the accounts results, let me know and I'll prepare and post them.

JR

Update: added .set file with trade parameters
Lovely - appreciate sharing them!

Now I'll have something to read

Thanks JR!
  • #905
  • Sep 27, 2009 4:38pm Sep 27, 2009 4:38pm
Quoting JRpips8
Hi fxspeedster,

The graphs are from Forex Control Center. They have a free version I use, limited to a single account, and an unlimited accounts version for sale.
http://www.forexcontrolcenter.com/products-overview.php

I've never used Trade Analyzer, so can't compare their usefulness.

JR
Great program! Thanks for sharing the info
If it backtests good run it live!
  • #906
  • Sep 27, 2009 7:17pm Sep 27, 2009 7:17pm
Quoting cspip
Mister Ed,

The above quote is from post 21 on page 3....
What did fx4gain mean EP1 and EP2 ? 1/2 Position at close of 4hr candle?
And which you later replied to as 'correct' ? I didn't read anything about EP1 in your doc or the earlier posts, so where did fx4gain get EP1 from (which you agreed to)

As, before you said put pending order at the candles high/low, right ?
Hi CSpip

I believe that EP1 and EP2 refered to when the trade is applied in 2 parts, EP1 and EP2. The EP1 part closes at the ATR value and EP2 is the part that is trailed once the TP1 is hit.

The pending orders rule only comes into place when trading a retracement entry such as happened on USDCAD on the 23 Sept.

The retracement trades are an area that I am revisiting to see how best to play things.

For me this month has been quite good although when strictly following the setups it was not possible to get in on the big GBP moves recently. Still you can't get them all and the pips have still been coming in steadily.

I hope this helps,

Mister ED
  • #907
  • Sep 28, 2009 6:04am Sep 28, 2009 6:04am
Hello all,

Sorry if this question is too elementary, I'm new to forex and a bit confuse sometimes. I have been reading this thread and would like to start trade this system on my demo account.

Actually I have two questions. First, how to do the calculation on points 1 and 2?:

 

  1. Measure the ATR and the candle length (body and wick) on the signal candle.
  2. If the signal candle is between 50% and 200% of the ATR value for that candle then it is a valid trade. If the signal candle is less than 50% then no trade. If the signal candle is more than 200% then use a retrace entry (see below).

And second, in the case of using the EA, how does it work? Will the EA do the calculation for me and give me the signal to enter the position when the conditions are met? Or will it open a new position automatically? If so, how I configure the value of the position to be open? And which EA version of them posted here would I use?

As I said above, I'm new to forex and have a lot to learn. I believe that using a good system like this one should help me in my learning proccess.

I will appreciate any help.

  • #908
  • Sep 28, 2009 11:04am Sep 28, 2009 11:04am
Quoting Mister ED
Hi CSpip

I believe that EP1 and EP2 refered to when the trade is applied in 2 parts, EP1 and EP2. The EP1 part closes at the ATR value and EP2 is the part that is trailed once the TP1 is hit.

The pending orders rule only comes into place when trading a retracement entry such as happened on USDCAD on the 23 Sept.

The retracement trades are an area that I am revisiting to see how best to play things.

For me this month has been quite good although when strictly following the setups it was not possible to get in on the big GBP moves recently....
Hi Mister ED,

I havn't been trading the system for a couple of weeks but I want to get going with it again. I was just wondering if you are making your trades manually or are you using the EA and if so which version are you using?
  • #909
  • Sep 28, 2009 1:21pm Sep 28, 2009 1:21pm
Quoting LongBar
This EA version 1.3 now has the above feature - though the implementation is slightly different.

The comment field has 4 fields separated by a space:
1.40837 57.3 141.5% MisterED
[list][*]1.40837 is the SL as per entry, the ticket SL value could be altered later by trailing logic (never changes in the comment field)[*]57.3 is the ATR value which was used to evaluate the trigger - this is the pips with fractional pips after the dot[*]141.5% is the trigger bar height vs ATR ratio[*]MisterED is the EA name (the version info or anything else...
Hi Longbar,

If we shortened MisterED to MrED, could we add at least the version numbers, without the . if need be?

i.e. MrEDv140

With many versions, it would be nice to look back later and know for certain which version was used. Not a major item, but useful if easily done.

Cheers,

JR
  • #910
  • Sep 28, 2009 3:15pm Sep 28, 2009 3:15pm
Thanks for posting your system. In your documentation you say that the HA Smoothed Settings are 2,6,3,2.

Does that mean

MaMetod = 2
MaPeriod = 6
MaMetod2 = 3
MaPeriod2 = 2


Thanks
Phil
  • #911
  • Sep 28, 2009 5:04pm Sep 28, 2009 5:04pm
Quoting JRpips8
Hi Jeff,

Thanks for the suggestion. I added the set file to post 891.

Regards,

JR
Dear JR, how do you expand the Mr ED EA HAS template to add pairs? I see your post 891 performance uses 17 pair. I am attempting to use the Mr. ED ten plus a few others for demo testing. When one loads his template to the chart it does not seem to be expandable?

On my charts where the Mr. ED HAS template applies, some charts say 60 minute monitoring 240 minute and some say 60 minute monitoring 60 minute?
Please point me in the right direction to adjust and which is correct for a one hour setting?

I'm assuming Longbar's set list only requires the days (like Sun,Mon,Tue,Wed,Thu,Fri ; Exit 3, SM on Stat Method=2 and two step order=true?

I am running v1.4 and am trying to emulate semblance of your results if possible? An assist would be very appreciated. Where do you change the pairs # to 18 (as your set list says)?

Thank you much for any assist you can give me to get this EA running.

Atlas1
  • #912
  • Sep 29, 2009 10:32am Sep 29, 2009 10:32am
Quoting ianforex
Hi Mister ED,

I havn't been trading the system for a couple of weeks but I want to get going with it again. I was just wondering if you are making your trades manually or are you using the EA and if so which version are you using?
Hi Ian

I have been placing all my trades manually at this stage.

All the best
Mister ED
  • #913
  • Sep 29, 2009 10:34am Sep 29, 2009 10:34am
Quoting philn
Thanks for posting your system. In your documentation you say that the HA Smoothed Settings are 2,6,3,2.

Does that mean

MaMetod = 2
MaPeriod = 6
MaMetod2 = 3
MaPeriod2 = 2


Thanks
Phil
Hi Phil

Yes that's correct.

Mister ED
  • #914
  • Sep 29, 2009 12:04pm Sep 29, 2009 12:04pm
I have been trying tighter stops but find I get stopped out of winning trades the system should be traded as is however if a trade starts to go significantly against me in future I will hedge the trade that way I will still limit losses
Thanks MR Edd for a great system
  • #915
  • Sep 29, 2009 3:12pm Sep 29, 2009 3:12pm
Quoting Atlas1
Dear JR, how do you expand the Mr ED EA HAS template to add pairs? I see your post 891 performance uses 17 pair. I am attempting to use the Mr. ED ten plus a few others for demo testing. When one loads his template to the chart it does not seem to be expandable?

On my charts where the Mr. ED HAS template applies, some charts say 60 minute monitoring 240 minute and some say 60 minute monitoring 60 minute?
Please point me in the right direction to adjust and which is correct for a one hour setting?

I'm assuming Longbar's set list only requires...
Hi Atlas1,

The title of my set list may have misled you. I test both MrEd's original 10 pr and my 18pr set, so I note it in the title to help me keep track of what I'm doing. There is no setting within the EA itself for the number of pairs you are applying it to.

To actually apply it uniformly to 10, 15, or 18 charts you just configure the EA Properties as you want, then save the settings as a .set file. Load the .set file on a new chart EA to quickly configure the EA.

Or you can save the whole chart setup, including EA settings, as a chart template. SaveAs with a new name or just overwrite the existing template. Once you have the template saved, go to the next chart and apply the saved template to it. This is the quickest and least error prone method for me.

That way you can run as many pairs as you like and be certain you have the identical settings for all, which would eliminate your "60 minute monitoring 240" discrepancy. (To fix that, open the EA Properties and change the EAPeriod to 5 on the "...monitoring 240" charts. Or just apply your new saved template to the chart)
Hope this helps.

JR
  • #916
  • Sep 29, 2009 3:28pm Sep 29, 2009 3:28pm
Thanks JR for the help. I'm just learning the setup routines, so am not to swift at doing them yet. But, I can figure it out thanks to help like yours! I got rid of the 60 minutes vs. 240. I did go back to Mr. ED's original 10 pair just to get a base started and to configure to the H1 charts.

I tried your #3 Exit strategy overnight and nine of ten closed trades were negative. Thinking Exit #2 if opposite may turn it around to nine winners and one loser? (running this now).

I notice of the original ten charts some of the gold bars by Longbar are accurate or close to where the trend color breaks and others are practically midpoint in the next trend color change?

Do you have any feel for how well the ranging filters are working? If also seems like the trade entry points are far away from the cross-over, or near cross-over of the price and HAS indicator preceeding color change? (I know there is a lag on the indicator).

I also wish to know if you opened up the days on either or both of the original ten pair and possibly on your 18 pair trials? Or do you stay with the Mr. ED days for each pair like the original program calls out?

Of course I'm anxious to see your results from this weeks trades. I like this program and the way LB programmed it so well. I lean toward having more pairs and full trading during at least the five day week Sun - Fri if possible?

Thank you again for your help and suggestions.

Sincerely,
Atlas1
  • #917
  • Sep 29, 2009 6:02pm Sep 29, 2009 6:02pm
Quoting Atlas1
Thanks JR for the help. I'm just learning the setup routines, so am not to swift at doing them yet. But, I can figure it out thanks to help like yours! I got rid of the 60 minutes vs. 240. I did go back to Mr. ED's original 10 pair just to get a base started and to configure to the H1 charts.

I tried your #3 Exit strategy overnight and nine of ten closed trades were negative. Thinking Exit #2 if opposite may turn it around to nine winners and one loser? (running this now).

I notice of the original ten charts some of the gold bars by Longbar...
Hi Atlas1,

Glad to hear you got the 60/240 issue fixed.

I used entry3 (Opposite signal entry) with exit2 (ATR+TSL), not exit3. Exit3 is essentially an exit2 with the SL moved to breakeven once the first ATR TP is hit. Results shouln't be markedly different from exit2 results, but I haven't tested enough to know for certain.

I used no optimization except for setting the ATRMinimumTriggerPips=10. It was free to trade all days/ times for all 18 pairs. The only pair that failed to trade during that period was the GBPJPY, since it had continuously red HAS, never changing, so no signal.

Remember, this was a lot of trades, but a very short period of time. Be wary of drawing significant conclusions.

The preponderence of experience is in favor of Mr Ed's original H4 strategy. Longbar has done an exceptional job of implementing Mr Ed's method and I believe it trades according to the method as presented.

I only started looking at variations on the original strategy because of the August/ September drawdowns using the original parameters. Also, my broker, FXCM, has H4 candles ending 2 hours off the FXDD times. This produced less profitable results, especially during the London/ NY sessions.

Hopefully, the original H4 settings will again prove profitable long term.
It does appear that the entry3/exit2 may coexist as a simultaneously profitable strategy on the H1. I'm continuing to forward test.

The M15 & M30 entry3 scenarios generate many trades. I'm hoping that with enough data, a pattern will emerge showing pairs/ days/ times that are consistently profitable. Lots more data is needed though.

Regards,

JR
  • #918
  • Sep 29, 2009 10:27pm Sep 29, 2009 10:27pm
Thanks tons JR for your reply. I will try your entry and exit set files. I started a new run with same original 10 pair and using H1. It is languishing close to even $ with some trades open and closed? Sure does not seem similar to your runs.

Obviously this EA from LB is just what Mr. Ed indicated it should be. I see by an earlier post he is still trading manually? I like what you are testing and how you do it, with the analysis reports and all. I'm just trying to get a reliable basis to trade across multiple pairs with average consistent results.

I like the HAS based approach and your help very much to get me running with Mr. ED's EA. Thanks again for assisting me.

Best Regards,
Atlas1
  • #919
  • Sep 30, 2009 5:52pm Sep 30, 2009 5:52pm
Quoting LongBar
Hi kellera6,

Here you go: I added ExitMethod = 3 which just does that

EA version 1.4: New feature of ExitMethod=3 which pulls SL to break even when TP1 is hit and then trailing SL as per HAS on new bars

LB
Thanks! I'll try it out.
  • #920
  • Oct 1, 2009 7:17pm Oct 1, 2009 7:17pm
Is anyone else having a problem with v1.4 not always closing the second order when the stop loss is hit?
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