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Mister ED's 4 hour Heikin Ashi system

  • #1,021
  • Oct 18, 2009 4:25pm Oct 18, 2009 4:25pm
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...

LongBar,

I have noticed something weird with the report "hello" posted test3.zip. 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?
  • #1,022
  • Oct 18, 2009 5:08pm Oct 18, 2009 5:08pm
Quoting Forexaccount
LongBar,

I have noticed something weird with the report "hello" posted test3.zip. 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?
Yep, only exit method 3 moves the SL to break even. Exit method 2 will trail SL only with the HAS bar which can be behind BE... so if method 2 was used then loss on the 2nd position is possible...
  • #1,023
  • Oct 18, 2009 5:23pm Oct 18, 2009 5:23pm
Quoting LongBar
Yep, only exit method 3 moves the SL to break even. Exit method 2 will trail SL only with the HAS bar which can be behind BE... so if method 2 was used then loss on the 2nd position is possible...

I got it, you are right. Thanks.
  • #1,024
  • Oct 18, 2009 5:31pm Oct 18, 2009 5:31pm
This version 1.5 allows us to play with the different HAS indicator versions and check trailing function tracking the body or the wick of the HAS bars.

New features:

 

  1. Parameter HASIndicatorVer to select version 1 (Heiken_Ashi_Smoothed.mq4) or version 2 (Heiken_Ashi_Smoothed rev 2.mq4) to be used by the EA. Be sure you have the corresponding indicator already installed on MT! Mister ED used ver 1 as default.
  2. Parameter TrailingHASLong and TrailingHASShort to drive which part of the HAS bar the EA should use for trailing SL. Use value 0 to set SL according to the body part of the HAS bar, value 1 will refer to the wick part. In case of long/buy position the top of the body/wick is used, for short position the bottom of the body/wick is used for trailing.
  3. Ticket comment now contains EA version number instead of EA name (no more space left there hence the replacement)

If someone gets to the point to compare results with the different indicator versions and body/wick approach please share out the results - I am very interested in

Stevegee58 fixed the HAS indicator earlier (Heiken_Ashi_Smoothed rev 2.mq4), download it from post 285.

Many pips to all!
Longbar

Attached File(s)
File Type: mq4 MisterED_v1.5.0.mq4   55 KB | 447 downloads
  • #1,025
  • Oct 18, 2009 6:01pm Oct 18, 2009 6:01pm
Quoting LongBar
This version 1.5 allows us to play with the different HAS indicator versions and check trailing function tracking the body or the wick of the HAS bars.

New features:
[list][*]Parameter HASIndicatorVer to select version 1 (Heiken_Ashi_Smoothed.mq4) or version 2 (Heiken_Ashi_Smoothed rev 2.mq4) to be used by the EA. Be sure you have the corresponding indicator already installed on MT! Mister ED used ver 1 as default.[*]Parameter TrailingHASLong and TrailingHASShort to drive which part of the HAS bar the EA should use for trailing SL. Use value...

Has someone tested 1H. It looks 1 hour provide better on time signals.
  • #1,026
  • Oct 19, 2009 7:05am Oct 19, 2009 7:05am
MR Ed:

I'm trading manually and waiting for the close of the first HA candle to enter the trade.

However, I've noticed that most of the times the second candle opens with a very short red signal on the ATR vs candlelenght indi. (see the graphic).

Should I enter anyway? OR? I don't think I've seen any case yet where the second candle opens in blue on the ATR vs candlelenght indi.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: trademred.gif Size: 26 KB
  • #1,027
  • Edited 8:15am Oct 19, 2009 8:12am | Edited 8:15am
Quoting bali2002
MR Ed:

I'm trading manually and waiting for the close of the first HA candle to enter the trade.

However, I've noticed that most of the times the second candle opens with a very short red signal on the ATR vs candlelenght indi. (see the graphic).

Should I enter anyway? OR? I don't think I've seen any case yet where the second candle opens in blue on the ATR vs candlelenght indi.

Thanks
Hi Bali2002

The ATR/candlelegth indicator will always open up red at the start because the candle has only just started to form and will therefore always be below the 50%ATR threshold. The ATR indicator is only refered to really at the end of the formation of the signal candle to see if it is either too big or too little.

I have just entered long on EURUSD, AUDUSD and Gold.

Just have to see how it goes.

All the best,

Mister ED

Your chart is not showing the candle formation just the price, and so you cannot see that the candle has only just formed. It would be easier to see if you changed to show the candlesticks.
  • #1,028
  • Oct 19, 2009 10:12am Oct 19, 2009 10:12am
Ok, thanks a lot I'm really having good results with this system.

I'm also long on EU and AU, but haven't taken gold cause it seems very ranging at the moment (I'm using the ravi fisher to determine ranging areas). We'll see

Quoting Mister ED
Hi Bali2002

The ATR/candlelegth indicator will always open up red at the start because the candle has only just started to form and will therefore always be below the 50%ATR threshold. The ATR indicator is only refered to really at the end of the formation of the signal candle to see if it is either too big or too little.

I have just entered long on EURUSD, AUDUSD and Gold.

Just have to see how it goes.

All the best,

Mister ED

Your chart is not showing the candle formation just the price, and so you cannot see that the candle has...
  • #1,029
  • Oct 20, 2009 12:32am Oct 20, 2009 12:32am
Just want to say thanks to you all. I installed the EA (default settings) and it made 4 successful trades in just 1 day.

Long EUR/USD
Long AUD/USD
Short USD/JPY
Short USD/CHF

Although I am using a demo account, I am happy to found a good EA and will continue to monitor and use it as a gauge for my actual real live trading.

Keep up the good work !
  • #1,030
  • Oct 20, 2009 1:25am Oct 20, 2009 1:25am
Quoting civicguy
Just want to say thanks to you all. I installed the EA (default settings) and it made 4 successful trades in just 1 day.

Long EUR/USD
Long AUD/USD
Short USD/JPY
Short USD/CHF

Although I am using a demo account, I am happy to found a good EA and will continue to monitor and use it as a gauge for my actual real live trading.

Keep up the good work !
May ask you which version, what timeframe, and what settings you used, please?
  • #1,031
  • Oct 20, 2009 3:50am Oct 20, 2009 3:50am
Quoting michaelhryu
May ask you which version, what timeframe, and what settings you used, please?
(1) I installed the demo from FXCM MT4
(2) I installed the MisterED_v1.5.0.mq4
(3) I changed no settings at all except one in the EA which is TwoStepOrderSubmit = True (The default was False). I read somewhere this is necessary for FXCM
(4) I left it to run overnight.

Here's the attached results from first day:

http://i33.tinypic.com/2qnnxgy.jpgOf course it is only 1 day....
  • #1,032
  • Oct 20, 2009 9:04pm Oct 20, 2009 9:04pm
The trade time and date are both the server time and date, right? For instance, if there is no trades scheduled in the EA for Wednesday's and my broker is 8 hours ahead of me, then a valid trade for 9pm (my time) on a Tuesday night will not be triggered. Correct?

and thanks for all the work everyone here has already done.
  • #1,033
  • Oct 21, 2009 2:39am Oct 21, 2009 2:39am
Quoting Wyccyd
The trade time and date are both the server time and date, right? For instance, if there is no trades scheduled in the EA for Wednesday's and my broker is 8 hours ahead of me, then a valid trade for 9pm (my time) on a Tuesday night will not be triggered. Correct?

and thanks for all the work everyone here has already done.
That's right, server time is used all the time.
  • #1,034
  • Oct 21, 2009 7:05am Oct 21, 2009 7:05am
I've been stopped in the last 2 trades using SL=ATR. Should I have used a bigger SL I would still be in the trade.

Any suggestions? Maybe putting the SL at last low? Using pivots to select SL?

Thanks,
Bali
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mre1.gif Size: 33 KB
Click to Enlarge Name: mre2.gif Size: 33 KB
  • #1,035
  • Oct 21, 2009 10:38am Oct 21, 2009 10:38am
Longbar,
I'm the ONLY one who has yet to get even ONE trade from this EA. Either I'm very unlucky or I have not understood anything at all.
I have been loading ALL the versions of the EA but no luck yet. And I'm not talking about 'winning' or 'losing' trade. I'm talking about ANY kind of trade.
I've put it on my live a/c and demo a/c. but.......

Vinesh

BTW does it work on live a/c?
  • #1,036
  • Oct 21, 2009 10:42am Oct 21, 2009 10:42am
Quoting bali2002
I've been stopped in the last 2 trades using SL=ATR. Should I have used a bigger SL I would still be in the trade.

Any suggestions? Maybe putting the SL at last low? Using pivots to select SL?

Thanks,
Bali
Hi Bali

This is the perennial questions with placing trades. I find that particularly with NZDUSD there are a few small candles and then some large ones, often with equally large retracements.

Looking at NZDUSD the way it behaves is not as suitable for this system as some other pairs. Either you should drop the pair or optimise the trades, I have found that Monday and Friday are by far the most successfull days to trade this pair. That decision can only be made after forward and back testing. Also the spread on NZDUSD is large and this can eat into things. I have also be taken out by stop hunting on one occasion, probably as this is a lighter traded pair than some others.

At this stage NZDUSD is up to 2 strikes for me and may well be dropped if things don't become more predictable.

I agree that using pivots etc may be helpful but this becomes a little selective in nature, and therefore "I'm out".

Most of the pips this month came from the early weeks so far which is unusual, this week has be up and down, but I feel that next week may be more steady before the usual start of the month/NFP confusion.

All the best

Mister ED
  • #1,037
  • Oct 21, 2009 10:51am Oct 21, 2009 10:51am
Quoting vinesh
Longbar,
I'm the ONLY one who has yet to get even ONE trade from this EA. Either I'm very unlucky or I have not understood anything at all.
I have been loading ALL the versions of the EA but no luck yet. And I'm not talking about 'winning' or 'losing' trade. I'm talking about ANY kind of trade.
I've put it on my live a/c and demo a/c. but.......

Vinesh

BTW does it work on live a/c?
Vanesh,

If you backtest it, do you get trades?
  • #1,038
  • Oct 21, 2009 10:55am Oct 21, 2009 10:55am
That you ED.
Looking at the NU chart retrospectively I've seen those big spikes happening pretty often and decided to drop the pair, particularly because I'm quite succesful with the other pairs.

Thanks,
Bali

Quoting Mister ED
Hi Bali

This is the perennial questions with placing trades. I find that particularly with NZDUSD there are a few small candles and then some large ones, often with equally large retracements.

Looking at NZDUSD the way it behaves is not as suitable for this system as some other pairs. Either you should drop the pair or optimise the trades, I have found that Monday and Friday are by far the most successfull days to trade this pair. That decision can only be made after forward and back testing. Also the spread on NZDUSD is large and this can eat...
  • #1,039
  • Oct 21, 2009 11:07am Oct 21, 2009 11:07am
Quoting hello
Vanesh,

If you backtest it, do you get trades?
I never backtest any EA. I don't believe in it. I always forward test it and that too on a small live a/c. Small is 1pip= 1cent. Gives you better perspective with your self preservation instinct.

Vinesh
  • #1,040
  • Oct 21, 2009 12:01pm Oct 21, 2009 12:01pm
Quoting vinesh
Longbar,
I'm the ONLY one who has yet to get even ONE trade from this EA. Either I'm very unlucky or I have not understood anything at all.
I have been loading ALL the versions of the EA but no luck yet. And I'm not talking about 'winning' or 'losing' trade. I'm talking about ANY kind of trade.
I've put it on my live a/c and demo a/c. but.......

Vinesh

BTW does it work on live a/c?
That's a good way not to have any loosing trades

Well, please double check that you have the appropriate HAS indicator installed on MT. Review the terminal log (Crtr+T, Journal tab) and the Experts tab for any obvious error resulting in no trades.

If you still do not see the root cause then please do the following:

 

  1. Open a new chart
  2. Attach the EA to the new chart with your usual settings
  3. Wait a minute to let it process a few incoming ticks
  4. Take a screenshot (eg File/Save as picture)

Then send me the picture and the recent log files (1 from <path to MT>/experts/logs, 1 from <path to MT>/logs) so I can evaluate them.

Longbar

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