Mister ED's 4 hour Heikin Ashi system

I will double check but I was in front of the computer when the Limit for first order was hit and I saw the stop of the second order move at the same "CLOSING PRICE" of 1st order. I didn't have time to change it manually. It reversed 2 pips and put me out(with +74 pips on both)I will monitor these events but like I said, I saw it and was there when happened. I will keep you posted.

Thanks

Thanks LongBar!

You are doing very impressive work especially with all the request( I know mostly from me. I don't mean to be annoying ) Just trying to improve the performance, so we can mimic Mr. Ed.

BTW where is Mr. Ed?

I've been curious about that very question!

Hi Wrenski

I am still here, just trading things manually. I have not been using the RAVI indicator as I have not tested it enough so I am just trading the same plan as post 1.

I am not a programmer and so have not been commenting on the EA issues. I also am going through a very busy time away from trading so have had my hands full just putting the trades on manually.

The system is producing pips for me nicely, with this month being one of the more successful this year. I am concentrating on just trading at the most profitable times and days, rather than adding extra indicators to select trades. I am sceptical about using a lot of indicators that could repaint.

The aim of this thread was to get an EA which it seems is on its way to achieving. I am going to start a seperate thread which will be more of a journal to just show what trades I have been taking.

Keep up the good work especially you Longbar.

All the best,

Mister ED

I couldn't agree more . . . too many indicators just tend to confuse me and I end up making poor trading decisions. The basic indicators you use seem to do the job fine without cluttering the charts. I'm still trading this strategy on a demo account as I try it out, but this week has been especially profitable. I'll post my results at the end of the week.

I'm using the Mr. Ed Indicator v 1.2.0 and it's working great . . . trades are opened and closed flawlessly without adding a lot of other indicators.

So, thanks to Mister Ed for the strategy and Longbar for the EA.

Forexaccount,

Could you post a screenshot of the bars involved in this?

Also the corresponding Expert log messages?

I'd like to understand what was happening

LB

Here you go hello: EA version 1.6.2 has got these small additions:-

 

1. RAVIFX_Shift parameter to select which bar is used for RAVI FX Fisher indicator reading
2. Statistics filename has been expanded with some of the new EA parameters
3. Words of disclaimer added

RAVIFX_Shift =0 reads the indicator on last bar, =1 the second last etc.

All the best!

LongBar,

Thanks for asking. I will pull the expert log. The only change I made to the EA was that the SLFactor changed from 1.0 to 0.9 so losses are reduced. Do you think that this is the cause for such behavior?

Thanks

You are da man!

Oh man that'd be GREAT!! Looking forward for it!

Count me in too...I'd love to see your trade journal.

W.

I'm getting the impression that an ATR SL of x1.0 is not loose enough to allow the good trades to develop. An example is today's UJ longs which were stopped out prematurely.

I will backtest ATR 1.0 vs 1.5 over the weekend.

Could be a good idea. Please post your results.

Would you change the TP to 1.5 too?

I got stopped out on UY long, and:
I got 50% profit on EY long and then was stopped out. Should I have gone all the way with 100% ATR I would have lost everything too.
Same happened with GY long.

Looking forward to your post!!

Mister ED

Did you start that journal? I would be interested to compare trades.

hi mr ed,

after reading all the post i am still not clear with 1 part @_@..

do u mind explain what should i do when we reached TP 1?

how and where to set the next SL n TP2?

thank you!

subscribe

All,

6345 pips so far in 2009 with all pairs minus eurgbp and audjpy(bad results with these pairs), recommended trade days and RAVI filter.

See attached.

re: member hello

All,

6345 pips so far in 2009 with all pairs minus eurgbp and audjpy(bad results with these pairs), recommended trade days and RAVI filter.



I tested GBP/USD with every tick but not 90% data with a few optimised settings on the 4hr for this year to date. Could you please test with these settings on 90% data and confirm or not confirm the 5028 pips this year. I have not yet set up 90% data on my metatrader. Im now learning about it more.

trade times Mon to Thurs were:

00:00,04:00,16:00,20:00
and Fri is 00:00 only

entry method = 2
close on opposite signal = 0
exit method = 0
money management = 0
lots = 0.1
ATR TP = 5
ATR SL = 2
HAS method = 2 6 1 2
ATR Period = 40
initial deposit 5000 Profit factor 4.02
total profit 5028 Jan 1st 2009 - Oct 30th 2009
Strategy Tester Report
MisterED_v1.6.2
PFG-Demo (Build 225)

SymbolGBPUSD (Great Britain Pound vs US Dollar) Period4 Hours (H4) 2009.01.01 20:00 - 2009.10.30 20:00 (2009.01.01 - 2009.10.31) ModelEvery tick (the most precise method based on all available least timeframes) ParametersMagicNumber=20090722; EAPHelp="0:Chart TF, 1:1M, 2:5M, 3:15M, 4:30M, 5:1H, 6:4H, 7, 8:W, 9:M"; EAPeriod=6; EMHelp="0:Standard entry only, 1:Retracement only, 2:Both standard and retracement, 3:Reversed standard entry"; EntryMethod=2; RetraceTriggerPct=32; ATRMinimumTriggerPips=0; CustomTP1=0; COOSHelp="0o NOT close ongoing trades, 1:Close & re-enter as per new signal"; CloseOnOppositeSignal=0; TDHelp="List of days to trade OR 'All' for every day (Mon,Tue,Wed,Thu,Fri,Sat,Sun)"; TradeDay="Mon,Tue,Wed,Thu,Fri"; TTHelp="Check for trade at bar times in HH:MM format OR 'All' for every bar (HH=00-23, MM=00-59)"; TradeTimeMon="00:00,04:00,16:00,20:00"; TradeTimeTue="00:00,04:00,16:00,20:00"; TradeTimeWed="00:00,04:00,16:00,20:00"; TradeTimeThu="00:00,04:00,16:00,20:00"; TradeTimeFri="00:00"; TradeTimeSat="All"; TradeTimeSun="All"; ExMHelp="0:Fixed TP1 off ATR, 1:Trailing SL on HAS bar, 2:TP1 + trailing HAS bar orders, 3:TP1+BE & trailing HAS bar"; ExitMethod=0; PLCHelp="Percent of lots for order with TP1 (ExitMethod=2 only)"; TP1OrderLotsPct=50; MRDPHelp="Max price difference to open pair of orders"; MaxOpenPriceDiff=10; MMMHelp="0:Off, 1:% of Acc/balance"; MoneyMgtMethod=0; LHelp="Lot size when MoneyMgt is off (MoneyMgtMethod=0)"; Lots1=0.1; Lots2=0.1; TRAPHelp="Account % to risk when MoneyMgt is on (MoneyMgtMethod=1)"; TradeRiskAccPct=10; AMTPHelp="TP1 = ATR() * ATRMultiplierTP"; ATRMultiplierTP=5; AMSLHelp="SL = ATR() * ATRMultiplierSL"; ATRMultiplierSL=2; SMHelp="0:Off, 1:Backtest only, 2:Always"; StatMethod=1; HIVHelp="HAS ver 1:'Heiken_Ashi_Smoothed' 2:'Heiken_Ashi_Smoothed rev 2'"; HASIndicatorVer=2; THLHelp="Trailing based on 0:Body or 1:Wick"; TrailingHASLong=1; TrailingHASShort=0; HAS_MA1_Method=2; HAS_MA1_Period=6; HAS_MA2_Method=1; HAS_MA2_Period=2; ATRPeriod=40; TwoStepOrderSubmit=true; RAVIFEHelp="0:No filtering applied, 1:RAVI FX Fisher based filter applied"; RAVIFX_EntryFilter=0; RAVIFX_MAFast=4; RAVIFX_MASlow=24; RAVIFX_Trigger=0.12; RAVIFX_Shift=0;
Bars in test2305Ticks modelled3814184Modelling qualityn/a Mismatched charts errors2614

Initial deposit5000.00

Total net profit 5028.25 Gross profit 6693.17 Gross loss -1664.92
Profit factor 4.02 Expected payoff 201.13

Absolute drawdown 144.78 Maximal drawdown 698.46 (7.79%)
Relative drawdown 7.79% (698.46)
Total trades 25 Short positions (won %)11 (54.55%)
Long positions (won %)14 (64.29%)
Profit trades (% of total)15 (60.00%)Loss trades (% of total)10 (40.00%) Largestprofit trade822.29loss trade-209.41 Averageprofit trade446.21loss trade-166.49 Maximumconsecutive wins (profit in money)4 (2551.24)consecutive losses (loss in money)3 (-530.46) Maximalconsecutive profit (count of wins)2551.24 (4)consecutive loss (count of losses)-530.46 (3) Averageconsecutive wins3consecutive losses2

ianlikesgolf

I found your settings for ATR-TP = 5 and ATR-SL = 2 and ATR = 40 generate better results in testing.