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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

  • #941
  • Oct 5, 2009 3:05pm Oct 5, 2009 3:05pm
Quoting special0nefx
May i know the-->
signal candle is between 50% and 200% of the ATR value

the signal candle is the price candle or the heiken Ashi smoothed candle?

and the difference is difference between the high and low of that candle?

pls advise. thank you
the signal candle is the price candle or the heiken Ashi smoothed candle? ==> price candle
and the difference is difference between the high and low of that candle? ==> yes
signal candle is between 50% and 200% of the ATR value ==> difference / ATR should be in the range of 50-200%

  • #942
  • Oct 5, 2009 4:40pm Oct 5, 2009 4:40pm
Quoting bali2002
I'm trading this system manually on a demo account and beginning to like it, with some variations though, since I'm not looking for an automated system, I'm adding PA analysis to it and not just taking all signals.

One question: on the document on post 1 it says we should enter the trade on the first full HA candle.
However somewhere along the thread Mr. Ed points that he enters on the second candle.

Any coments?

Thanks.
Hi Bali

I enter when the first full HA candle has just closed, ie at the opening of the next candle.

Mister ED
  • #943
  • Oct 5, 2009 5:03pm Oct 5, 2009 5:03pm
Quoting LongBar
the signal candle is the price candle or the heiken Ashi smoothed candle? ==> price candle
and the difference is difference between the high and low of that candle? ==> yes
signal candle is between 50% and 200% of the ATR value ==> difference / ATR should be in the range of 50-200%

about the -->
signal candle is between 50% and 200% of the ATR value ==> difference / ATR should be in the range of 50-200%

is it i draw the vertical line at the ATR chart is the value of that diffence?
  • #944
  • Oct 5, 2009 5:36pm Oct 5, 2009 5:36pm
Has anyone considered that the (size of the) difference between closing prices vs ATR may be a more effective filter than mere candle length?? Pippo
Vincit qui se vincit.
  • #945
  • Edited 8:41pm Oct 5, 2009 7:15pm | Edited 8:41pm
I have been waiting for the system to open a new trade and nothing has happened. I have loaded templates, I have the happy face on the right up corner!! am I missing something here? Today, zero trades.

Thanks
  • #946
  • Oct 5, 2009 9:11pm Oct 5, 2009 9:11pm
that is why I trade manually........... FEAs
Same Whore .... Different Dress
  • #947
  • Edited 9:56pm Oct 5, 2009 9:24pm | Edited 9:56pm
Quoting LongBar
The EA will trade only that pair it is attached to, so if you want the EA to trade EURUSD and USDJPY pairs then open two charts (EURUSD and USDJPY) and attach the EA to both of them.

To filter for certain days and candles just use the EA parameters TradeDay and TradeTimeXXX.
LongBar, thanks for your response but today October 05 the system did not have trades for all pairs. I wanted to test all pairs to see the system working but no trades at all. Loaded the template, loaded the MisterED_v1.4.0 with live trading checked, switch expert advisor on, happy face smiling on the right up corner. The whole day = Nothing, no a single trade. may be I am missing something here. By the way what is the Magic number 20090722?

Thanks
  • #948
  • Oct 6, 2009 11:10am Oct 6, 2009 11:10am
Quoting Forexaccount
LongBar, thanks for your response but today October 05 the system did not have trades for all pairs. I wanted to test all pairs to see the system working but no trades at all. Loaded the template, loaded the MisterED_v1.4.0 with live trading checked, switch expert advisor on, happy face smiling on the right up corner. The whole day = Nothing, no a single trade. may be I am missing something here. By the way what is the Magic number 20090722?

Thanks
Forex account,

Are you sure you have a chart open for each of the pairs? Also make sure you don't have any other profiles open at the same time otherwise the EA turns off.
  • #949
  • Oct 6, 2009 2:07pm Oct 6, 2009 2:07pm
LongBar,

See attached picture so you can see what happened to the EA this time. The order was not submitted due to an internal error.Let me know
Attached Image (click to enlarge)
Click to Enlarge Name: ed pic.gif Size: 35 KB
  • #950
  • Oct 6, 2009 3:16pm Oct 6, 2009 3:16pm
Quoting Forexaccount
LongBar,

See attached picture so you can see what happened to the EA this time. The order was not submitted due to an internal error.Let me know
Hi Forexaccount,

Please note that MisterED strategy triggers trade only if certain things lined up - you would probably see days when no trigger is found while on other days there could be multiple ones.

As per the picture you attached, the INFO line suggest appropriate SL and TP values for the entry point shown. Could be that the actual price was moved a bit while the order was submitted which could cause the reported error in the ERROR line. In this case the EA would make another attempt to submit the order at next incoming tick data, and until you are within a few pips of the original entry price, the order would finally get through. If this was not the case then please mail me the expert log file (<path to MT4>/experts/logs) and the MT4 log file (<path to MT4>/logs) so I can evaluate in detail the issue.

Cheers
Longbar
  • #951
  • Oct 6, 2009 11:08pm Oct 6, 2009 11:08pm
hi guys, i placed the EA and there is a message written, HAS return zero value? what does that mean?
  • #952
  • Oct 7, 2009 1:52am Oct 7, 2009 1:52am
Quoting Forexaccount
LongBar,

See attached picture so you can see what happened to the EA this time. The order was not submitted due to an internal error.Let me know
As far as I can see you use FXCM account which does not accept initial SL & TP with the market entry order. You will have to set EA parameter TwoStepOrderSubmit to true so the EA will not set SL/TP with the market order but will set those in a follow up order modification.

Hope this would help you out!
  • #953
  • Edited 3:29am Oct 7, 2009 3:09am | Edited 3:29am
Longbar I really appreciate all the work you have selflessly put into this EA which seems to do a great job replicating the strategy.

One enhancement which may have already been mentioned before, apologies if it has, would be hidden TP/SL levels.

Another would be a chandelier exit, or even simply exiting either both or second position on HAS colour change. At the moment exit 3 seems to catch the trends best, but still leaves a lot of pips on the table with the trail being hit part-way into the trend.

How about this: 3 entries: TP1 at ATR, TP2 trails the HAS, TP3 at colour change?????????????????????????????????????

BW
CG
TRADE FOR SWAP
  • #954
  • Oct 7, 2009 6:03pm Oct 7, 2009 6:03pm
Quoting LongBar
As far as I can see you use FXCM account which does not accept initial SL & TP with the market entry order. You will have to set EA parameter TwoStepOrderSubmit to true so the EA will not set SL/TP with the market order but will set those in a follow up order modification.

Hope this would help you out!


Thanks for taking care of the issue and yes it looks like FXCM does not allow that. Thanks a million for your hard work I just modify the EA setting EUR/USD triggered but only one lot !!!!! Do you know how to trigger the second lot?

Thanks
  • #955
  • Oct 8, 2009 3:04am Oct 8, 2009 3:04am
Just managed to read through this entire thread, a very simple but effective looking system.

My only concern is it is fundamentally an a lagging moving average based system. These tend to work well then fail to deliver big time when the markets do not fit.

Has anyone performed backtesting to determine if this is a steady and stable system yet ? as I have not found anything in the thread, although I could very well have missed it with all the late night reading.
  • #956
  • Edited 12:37pm Oct 8, 2009 10:17am | Edited 12:37pm
Mr. Ed, First, thanks for your generosity...Have you considered using minimum/maximum candle close differences/ATR to filter trades instead of candle length/ATR? For example, Gbp/Jpy ATR 1300 on H4 chart is 1.2. For a signal to be valid, I am presently using .15 x ATR 1300 as minimum change in closes between the signal candle and the candle that preceeded it, and .5 as maximum. So, for this pair, for a valid signal, the change between candle closes must be at least .18 , but not more than .6. What do you think? Would be great if someone could code an indicator to show Delta Close/Close as percent of ATR. Pippo
Vincit qui se vincit.
  • #957
  • Oct 8, 2009 12:05pm Oct 8, 2009 12:05pm
Quoting Mister ED
Hi John Doe

Thanks for looking at the thread. The idea for me was really to just get an EA created that would allow the system to be traded automatically. However it seems that this is a lot more difficult than I thought. I am not a programmer and therefore have not had a lot of input over the last month or so.

However I am trading the system manually. I have been doing further testing and tweaking and have got things just about the way I like. However the days and times that I am trading are just related to my results and so may not be the...
MR. Ed

I am too in the same seat as you, demanding job which keeps me busy over 10 hrs a day. But, then opening a manual thread wont be bad either cause:
a). Deep understanding of your system and trades, plus some small nicks here and there might be missing for us.
b). Anyone will like to know if the entries/exits were in accordance to the rules set or not.

Vicky
  • #958
  • Oct 8, 2009 3:10pm Oct 8, 2009 3:10pm
Quoting LongBar
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
I just discovered this EA as well as the 4 hour system. Would like to check out the EA. Any settings recommendation for a beginner, please?
  • #959
  • Oct 8, 2009 4:36pm Oct 8, 2009 4:36pm
Quoting Pippopotamus
Mr. Ed, First, thanks for your generosity...Have you considered using minimum/maximum candle close differences/ATR to filter trades instead of candle length/ATR? For example, Gbp/Jpy ATR 1300 on H4 chart is 1.2. For a signal to be valid, I am presently using .15 x ATR 1300 as minimum change in closes between the signal candle and the candle that preceeded it, and .5 as maximum. So, for this pair, for a valid signal, the change between candle closes must be at least .18 , but not more than .6. What do you think? Would be great if someone could code...
Hi Pippo

Any chance of a screen shot to indicate what you were describing?

Mister ED
  • #960
  • Oct 8, 2009 4:47pm Oct 8, 2009 4:47pm
Quoting cliftonarms
Just managed to read through this entire thread, a very simple but effective looking system.

My only concern is it is fundamentally an a lagging moving average based system. These tend to work well then fail to deliver big time when the markets do not fit.

Has anyone performed backtesting to determine if this is a steady and stable system yet ? as I have not found anything in the thread, although I could very well have missed it with all the late night reading.
Hi Cliftonarms

I agree that this is fundamentally a lagging moving average system. It does not catch every move and it also may not achieve the maximal return on every trade. However the aim is to be mechanical and low imput whilst remaining profitable.

I have back tested all of the pairs I trade for a minimum of one year and in most cases for 5 years. What is more I have been forward testing this for the last 18 months or so.

As you will know there are optimisations that can be used but on my data trading every trade on my 11 pairs I have only had 1 month since Jan 2008 where I made a loss (183 pips for the month of August 2009). The average return over the period has been 4611 pips per month. N.B. the results are lower this year but still have given a reasonable return (3197 pips per month over this year).

I therefore believe it is a robust system as the markets have moved around a lot over the last 20 months.

However it is up to you to confirm it yourself with backtesting and to also forward test it and optimise the trades yourself to get even better results.

All the best
Mister ED

(last month 2867 pips with 69% strike rate with 78 trades using 11 pairs)
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