Mister ED's 4 hour Heikin Ashi system | Page 51 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EURUSD 15min. Heikin-Ashi System 31 replies

Heikin-Ashi 2 replies

Heikin-Ashi Technique 2 replies

Regarding Smoothed Heikin Ashi indicator 0 replies

Trading with Heikin Ashi 9 replies

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

Mister ED's 4 hour Heikin Ashi system

  • #1,001
  • Oct 16, 2009 8:34pm Oct 16, 2009 8:34pm
Here are the backtest results from September using the the EA. They are lot different than MisterED results. However, I was trading everyday and not the optimized days. I will retest with optimized days.

LongBar have you found any good settings?
Attached File(s)
File Type: zip New Folder.zip   91 KB | 403 downloads
  • #1,002
  • Edited 9:52pm Oct 16, 2009 9:42pm | Edited 9:52pm
LongBar,

Why are there two trades opening at the same time? Is there a problem?
Attached Image (click to enlarge)
Click to Enlarge Name: untitled10.jpg Size: 41 KB
  • #1,003
  • Oct 17, 2009 6:37am Oct 17, 2009 6:37am
Quoting hello
LongBar,

Why are there two trades opening at the same time? Is there a problem?
that's how the strategy works.
TRADE FOR SWAP
  • #1,004
  • Oct 17, 2009 1:17pm Oct 17, 2009 1:17pm
Quoting cgldsmth
that's how the strategy works.
CS,

Thanks for your reply. Can you direct to a post where we are supposed to take double positions on one trade? I read through the thread and mister Ed's pdf.

Appreciate your help
  • #1,005
  • Oct 17, 2009 10:18pm Oct 17, 2009 10:18pm
Quoting hello
CS,

Thanks for your reply. Can you direct to a post where we are supposed to take double positions on one trade? I read through the thread and mister Ed's pdf.

Appreciate your help
Hi Hello

I have had a look at some of the back test results from the EA and the trades differ sometimes quite a lot from my charts. Which platforms charts have you used? The timing of some of the trades seems to be out from my charts.

Also when I trade I place two components, one closes at the TP1 and one is a trailing stop based on the HA candle, that is if they win, if they lose they close at the ATR. You appear to only have one component to your trades.

The reason I trade like this is because of using a spread betting platform for my trades. This difference means that you are not taking 50% of each trade off early. The effect of this can be that some pairs often retrace quickly and you can end up barely making any pips on a trade.

All the best
Mister ED
  • #1,006
  • Oct 17, 2009 10:31pm Oct 17, 2009 10:31pm
Quoting Mister ED
Hi Hello

I have had a look at some of the back test results from the EA and the trades differ sometimes quite a lot from my charts. Which platforms charts have you used? The timing of some of the trades seems to be out from my charts.

Also when I trade I place two components, one closes at the TP1 and one is a trailing stop based on the HA candle, that is if they win, if they lose they close at the ATR. You appear to only have one component to your trades.

The reason I trade like this is because of using a spread betting platform for my trades....
I'm currently using Forex.com uk. I was only using the " 0:Fixed TP1 off ATR" option as the other options open two trades at the same time, which result in loss. I think there is a problem within the EA or I'm just misunderstanding. When I use one or other "2:TP1 + trailing HAS bar orders, 3:TP1+BE & trailing HAS bar" I get the double trades as I posted earlier.

I will probably have to manually trade this strategy, but the EA would be great as I work full time.

Thanks for the reply.
  • #1,007
  • Oct 17, 2009 11:01pm Oct 17, 2009 11:01pm
Quoting hello
I'm currently using Forex.com uk. I was only using the " 0:Fixed TP1 off ATR" option as the other options open two trades at the same time, which result in loss. I think there is a problem within the EA or I'm just misunderstanding. When I use one or other "2:TP1 + trailing HAS bar orders, 3:TP1+BE & trailing HAS bar" I get the double trades as I posted earlier.

I will probably have to manually trade this strategy, but the EA would be great as I work full time.

Thanks for the reply.
Hello,

The whole point is to enter two trades - one you take a profit on at TP1, and if position remains in the trend, 2nd position gets you more pips. You can set each position to be 1/2 of what you would normally trade. Try the strategy iwth exit #2 - "TP1 + trailing HAS bar" I believe that's the true Mr. Ed way.
  • #1,008
  • Oct 17, 2009 11:13pm Oct 17, 2009 11:13pm
FF,

Thanks for the explanation. I thought it was supposed to open one trade and if TP1 was hit then you take off 1/2 position and let it run with a TS?

Thank you
  • #1,009
  • Oct 18, 2009 6:16am Oct 18, 2009 6:16am
Quoting Forexaccount
Longbar,

Your work looks to have good results. I have a question regarding the ExitMethod. I understand some of them but I am still confused. Can you confirm my thoughts?

0:Fixed TP1 off ATR...

3:TP1+BE & trailing HAS bar - NOT CLEAR TO ME. EXPLAIN PLEASE.
==> Once the 1st order reached TP1 the second order's SL is brough to the break even (BE) immediatelly, then the 2nd order is trailing the HAS


2 - Other question is, What is the latest EA release/version. I am using v1.4.0. Please confirm.
==> Yes, version 1.4.0 is the most recent.

3 - What does Stat Method means?
0:Off
1:Backtest only
2:Always==> When enabled the EA generates a statistical summary file based on the trades performed. This is somewhat similar to the one Mister ED used and could be used as a starting point for a detailed analysis. The file is generated when the EA or the chart closed/detached, or at the end of a backtest run.

4 - Finally. What does MagicNumber "20090722" means?
This is when I started implementing the EA, format YYYYMMDD
The "magic" value is just a number, nothing special about it. Each order the EA creates will have this number associated, so when the EA iterates through the orders based on this number the EA will be able to recognise the orders belong to it, ie like a filter to ignore orders managed by other EA's.
Keep this number unique to Mister ED EA if you were running multiple EA's on the account. Also change this magic number if you had multiple identical charts/TF hosting the EA...

LB
  • #1,010
  • Oct 18, 2009 6:22am Oct 18, 2009 6:22am
Quoting BeerTrader
Longbar,...
Please restart the MT platform - I've experienced strange behaviour of MT when the data feed was changed while the MT was running.

If you still experience the difficulty then email me the expert log file from your <path to MT>/experts/logs folder for the day Oct16.

Also double check that if the broker allows SL/TP limits with market entry order. If not then set the TwoStepOrderSubmit parameter to true.
  • #1,011
  • Oct 18, 2009 6:37am Oct 18, 2009 6:37am
Quoting hello
03:00:14 MisterED_v1.4.0 GBPUSDFXF,H4: WARNING: CheckPrereqs - Trading context busy, will try again at next incoming tick
03:00:14 MisterED_v1.4.0 EURJPYFXF,H4: WARNING: CheckPrereqs - Trading context busy, will try again at next incoming tick
03:00:14 MisterED_v1.4.0 GBPJPYFXF,H4: WARNING: CheckPrereqs - Trading context busy, will try again at next incoming tick
03:00:14 MisterED_v1.4.0 USDJPYFXF,H4: WARNING: CheckPrereqs - Trading context busy, will try again at next incoming tick
03:00:14 MisterED_v1.4.0 AUDUSDFXF,H4: WARNING: CheckPrereqs -...
hello,

MT offers a single thread to the broker's server to perform trade operations. The EA checks the status of this thread before going into trade decisions:
if (IsTradeContextBusy())
{
Log(logWarning, "CheckPrereqs - Trading context busy, will try again at next incoming tick");
return (rcError);
}

You are getting these messages because MT reported that the trading context was busy. If you had multiple EA instances and any of them would perform trade activities then you would see this message for a couple of seconds, that is normal and expected - but when the trade is completed the message should stop showing up.

If you know that no trades were performed on the account by other EA or manually then I'd suggest to restart MT and see if this goes away... if MT was stuck on the trade thread then this should clear it off.

Yeah, not very scientific approach but hey we are dealing with pieces of sw here

Longbar
  • #1,012
  • Oct 18, 2009 6:42am Oct 18, 2009 6:42am
Quoting yen44x
I'm getting the same messages on version 1.2.0

Also, there was a trade that should have opened yesterday (I believe) on USD/JPY. The trade was noted by the EA on the chart, but did not open.

Here's the message received in the "Experts" tab:

2009.10.15 15:44:00 MisterED_v1.2.0 USDJPYm,H4: INFO: init - MaxOpenPriceDiff, ATRMinimumTriggerPips values multiplied by 10 due to 3 digit feed (100, 0)

Any ideas why the trade did not open?

Thanks.
yen44x,

See my previous post re the tradin context busy messages - those are expected for short periods of time.

Re the USDJPY trade please review the experts log for the period you would have expected the trade to take place. If the EA was running you should see messages to explain what happened, either the ratio was outside of 50-200% range or order handling errors were preventing order submission. If not sure then send me the experts log file to review.

LB
  • #1,013
  • Oct 18, 2009 6:49am Oct 18, 2009 6:49am
Quoting hello
CS,

Thanks for your reply. Can you direct to a post where we are supposed to take double positions on one trade? I read through the thread and mister Ed's pdf.

Appreciate your help
hello,

See Mister ED's strategy desciption doc at the first post. Page 5 talks about some way of potential optimizations, one of them reads:
... "Some pairs are more profitable if everything is taken off at TP1, others do better if half is taken at TP1 and the remaining 50% left to ride the trailing stop loss. That is for the individual trader to decide and must be done by back and forward testing." ...


This is what the EA implements.

Longbar
  • #1,014
  • Oct 18, 2009 6:53am Oct 18, 2009 6:53am
Quoting hello
FF,

Thanks for the explanation. I thought it was supposed to open one trade and if TP1 was hit then you take off 1/2 position and let it run with a TS?

Thank you
Unfortunatelly there are brokers not supporting partial close of a position, that's why the 2-order approach to keep everyone on board...
  • #1,015
  • Oct 18, 2009 10:04am Oct 18, 2009 10:04am
LB,

Can you create an option to take off partial positions from brokers that allow it? OR A second EA for this option(just take the code now and stop it from opening second trade and close out 1/2 of the position)?

Thank you
  • #1,016
  • Oct 18, 2009 12:26pm Oct 18, 2009 12:26pm
Quoting hello
LB,

Can you create an option to take off partial positions from brokers that allow it? OR A second EA for this option(just take the code now and stop it from opening second trade and close out 1/2 of the position)?

Thank you

Hi Hello,

The option already exists. If your broker allows partial closes, you only need to set TwoStepOrderSubmit = false.

Many of your questions would probably be answered by reviewing Longbar's comments within the .mq4. He provides fairly detailed explanations of all the changes and how to set the various options. Just open Metaeditor and then open the EA and scroll down from the top to see most of the comments.

Alternatively, you could review the thread, looking for Longbar's posts of a new version. The posts usually offer a bit more detail.

Best trading,

JR
  • #1,017
  • Oct 18, 2009 1:44pm Oct 18, 2009 1:44pm
Quoting JRpips8
Hi Hello,

The option already exists. If your broker allows partial closes, you only need to set TwoStepOrderSubmit = false.

Many of your questions would probably be answered by reviewing Longbar's comments within the .mq4. He provides fairly detailed explanations of all the changes and how to set the various options. Just open Metaeditor and then open the EA and scroll down from the top to see most of the comments.

Alternatively, you could review the thread, looking for Longbar's posts of a new version. The posts usually...
Thanks for your reply.

hmm does not seem to be the case here

See attachment with settings.
Attached File(s)
File Type: zip test3.zip   5 KB | 291 downloads
  • #1,018
  • Oct 18, 2009 3:14pm Oct 18, 2009 3:14pm
Quoting hello
LB,

Can you create an option to take off partial positions from brokers that allow it? OR A second EA for this option(just take the code now and stop it from opening second trade and close out 1/2 of the position)?

Thank you
Hi hello,

Partial close was introduced with version 0.7.0, corresponding lot size calculation was bug fixed in version 0.11.2. However version 0.14.0 has replaced this feature with 2-order handling due to the issue reported with some of the brokers.

To be honest apart from the technical details of 1 vs 2 orders there is no difference in the results. The 1-order approach would start off with 1.0 lot size and closing in full at SL or closing half at TP1. The 2-order approach would start off with 2 x 0.5 lot size and closing off the 2 x 0.5 = 1.0 at SL or 0.5 lot at TP1.

Do you have any specific reason the 2-order approach is a no-go for you?

Longbar
  • #1,019
  • Oct 18, 2009 3:30pm Oct 18, 2009 3:30pm
Quoting LongBar
Hi hello,

Partial close was introduced with version 0.7.0, corresponding lot size calculation was bug fixed in version 0.11.2. However version 0.14.0 has replaced this feature with 2-order handling due to the issue reported with some of the brokers.

To be honest apart from the technical details of 1 vs 2 orders there is no difference in the results. The 1-order approach would start off with 1.0 lot size and closing in full at SL or closing half at TP1. The 2-order approach would start off with 2 x 0.5 lot size and closing off the 2 x 0.5 = 1.0...
Thanks for the response. No big deal! Can you add a user defined TP that still uses the atr for Stop loss?

Let me know if you have any questions.
  • #1,020
  • Edited 4:04pm Oct 18, 2009 3:44pm | Edited 4:04pm
Quoting hello
Thanks for your reply.

hmm does not seem to be the case here

See attachment with settings.

Hello,

I have noticed something weird with your last report. If you look at order # 4 one lot closed with profit but the other one was closed with lost, and as you can see the trailing went from 151.44 to 150.57. I don't get it. How is it possible to be in negative if the stop lost moved beyond the first lot which closed with profit?
0 traders viewing now