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Mister ED's 4 hour Heikin Ashi system

  • #1,121
  • Nov 1, 2009 10:56am Nov 1, 2009 10:56am
Quoting ianlikesgolf
re: member hello...
Testing now..Will let you know the results.
  • #1,122
  • Nov 1, 2009 10:58am Nov 1, 2009 10:58am
Quoting LongBar
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!

Hey Longbar,

Last suggestion:

To stop the culprit brokers, can you add a feature that will hide SL and TP prices?

Let me know what you think?
  • #1,123
  • Nov 1, 2009 12:37pm Nov 1, 2009 12:37pm
Quoting 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.

See attached.
Would you be able to post your set files, please. I have FXDD account and would like to test your settings myself.

Thank you in advance!
  • #1,124
  • Nov 1, 2009 2:42pm Nov 1, 2009 2:42pm
Quoting ianlikesgolf
re: member hello...
Ian,

Emailed you the results.

Let me know if you need changes.
  • #1,125
  • Nov 1, 2009 2:44pm Nov 1, 2009 2:44pm
Attached are my results for last week using the Mister Ed strategy with Longbar's EA (v. 1.2.0), with a 2% risk on each trade on a $5,000 demo account.

These results were all on auto-pilot i.e. the EA did all the work and opened and closed trades flawlessly.
Attached Image (click to enlarge)
Click to Enlarge Name: Mr Ed Results-09-1025.jpg Size: 37 KB
Attached File(s)
File Type: xls Mr Ed Account Report.xls   20 KB | 487 downloads
Greetings from Guanajuato, Mexico
  • #1,126
  • Edited 4:56pm Nov 1, 2009 4:12pm | Edited 4:56pm
Quoting yen44x
Attached are my results for last week using the Mister Ed strategy with Longbar's EA (v. 1.2.0), with a 2% risk on each trade on a $5,000 demo account.

These results were all on auto-pilot i.e. the EA did all the work and opened and closed trades flawlessly.

Not bad Yen Man for being on auto-pilot! Did you make any major changes to the settings on the EA for these results?
  • #1,127
  • Nov 1, 2009 6:41pm Nov 1, 2009 6:41pm
Quoting ianlikesgolf
re: member hello...
Ian,

Have you tested any other pairs?

Anyone have any good settings for eurusd?
  • #1,128
  • Nov 1, 2009 7:05pm Nov 1, 2009 7:05pm
Hi All

I have decided to start a trading journal to show the trades that I see on my charts each day. I will update it each evening so it is not going to be a live signal feed, it is purely to help show what I have been looking at.

I will be trading the system as I stated in post 1 apart from the fact that I will be using the optimised times and days that I have derived from my past data. I have attached a sheet showing what the times and days are currently for each pair. I intend to update these on a monthly basis.

I hope this helps to show how I use the system.

All the best,

Mister ED

Beware November can be a tricky month to trade!
  • #1,129
  • Nov 1, 2009 8:13pm Nov 1, 2009 8:13pm
Hi Mr Ed,

May i know how much you trade for each pips on each trade?

For example, do u trade all pips with same amount of money or each trade with risk not more than 2%?

different pairs have different pips range, that is why i am quite confuse with the money management part.

thank you
  • #1,130
  • Nov 1, 2009 8:52pm Nov 1, 2009 8:52pm
Quoting HealWhat
Hi Mr Ed,

May i know how much you trade for each pips on each trade?

For example, do u trade all pips with same amount of money or each trade with risk not more than 2%?

different pairs have different pips range, that is why i am quite confuse with the money management part.

thank you
Hi Heal What

I risk 3% of my pot on each trade. The variable pip range I feel is accounted for in the ATR for each pair and so I just make my risk calculation based on theis and the 3% rule. The most that I can therefore risk is 33% of my pot at any one time, this however has never happened. If I were to have 11 signals at the same time I would probably only trade with 2% on each trade.

All the best

Mister ED
  • #1,131
  • Nov 1, 2009 9:11pm Nov 1, 2009 9:11pm
Longbar, regarding mixed color HA bars, sometimes the bars stay mixed color for 3 or more bars, but then then a nice trend develops. The EA gives up looking for a trade after 3 mixed bars. Would it be possible to have the EA take the trade when body and wick agree, even if preceded by several mixed bars?

Thanks, Jack
  • #1,132
  • Nov 1, 2009 9:15pm Nov 1, 2009 9:15pm
Quoting Mister ED
I will be trading the system as I stated in post 1 apart from the fact that I will be using the optimised times and days that I have derived from my past data. I have attached a sheet showing what the times and days are currently for each pair. I intend to update these on a monthly basis.I hope this helps to show how I use the system.
I appreciate that you will be including the specific days you trade each pair. Until I compile some data of my own, I'm relying on your expertise on optimal times to trade. Thanks!
Greetings from Guanajuato, Mexico
  • #1,133
  • Nov 1, 2009 9:20pm Nov 1, 2009 9:20pm
Quoting wrenski
Not bad Yen Man for being on auto-pilot! Did you make any major changes to the settings on the EA for these results?
Hello, my friend, and thanks for referring me to this thread.

The only settings I may have changed are:

Entry Method: 2
Exit Method: 2
Money Management Method: 1

And, I'm using Mister Ed's suggested days to trade for each pair.
Greetings from Guanajuato, Mexico
  • #1,134
  • Edited 1:07am Nov 2, 2009 1:06am | Edited 1:07am
Quoting yen44x
Attached are my results for last week using the Mister Ed strategy with Longbar's EA (v. 1.2.0), with a 2% risk on each trade on a $5,000 demo account.

These results were all on auto-pilot i.e. the EA did all the work and opened and closed trades flawlessly.
I know you from Ace's 4H Breakout thread. Glad to see you start posting here.

Are you using Longbar's EA (v. 1.2.0) posted on September 26, rather than more current versions? If so, any reason, please?
  • #1,135
  • Nov 2, 2009 1:24am Nov 2, 2009 1:24am
Quoting michaelhryu
I know you from Ace's 4H Breakout thread. Glad to see you start posting here. Are you using Longbar's EA (v. 1.2.0) posted on September 26, rather than more current versions? If so, any reason, please?
Thanks . . . I'm glad I was referred to the system. Yes, I'm using version 1.2.0 posted on September 26, primarily because it seems to faithfully follow the original rules of the strategy. As I understand it, later versions of the EA just implement suggestions or additional indicators. I have usually found the more indicators I use, the less I understand what's going on. Simple is good in this case.
Greetings from Guanajuato, Mexico
  • #1,136
  • Nov 2, 2009 1:34am Nov 2, 2009 1:34am
That's cool!!

Are you going to post in this thread or start a new one?

Quoting Mister ED
Hi All

I have decided to start a trading journal to show the trades that I see on my charts each day. I will update it each evening so it is not going to be a live signal feed, it is purely to help show what I have been looking at.

I will be trading the system as I stated in post 1 apart from the fact that I will be using the optimised times and days that I have derived from my past data. I have attached a sheet showing what the times and days are currently for each pair. I intend to update these on a monthly basis.

I hope this helps to show...
  • #1,137
  • Nov 2, 2009 1:37am Nov 2, 2009 1:37am
Quoting bali2002
That's cool!! Are you going to post in this thread or start a new one?
The new thread is in the Trading Journals section: http://www.forexfactory.com/showthread.php?t=204552
Greetings from Guanajuato, Mexico
  • #1,138
  • Nov 2, 2009 3:51am Nov 2, 2009 3:51am
Bars in test2305Ticks modelled3814184Modelling qualityn/a Mismatched charts errors2614

I'd suggest that with this amount of mismatched chart errors that you downloads and recalculate your history files.

You can do by going to Tool --> History Centre and selecting the pairs you want.
You'll find that you get a different set of results (either better or worse) but it's imperrative that you get as accurate results as possible.

McKevvy
  • #1,139
  • Nov 2, 2009 5:04am Nov 2, 2009 5:04am
Quoting hello
Hey Longbar,

Last suggestion:

To stop the culprit brokers, can you add a feature that will hide SL and TP prices?

Let me know what you think?
Hmm, that would require a good bit of change to the EA structure I am afraid. The recovery process makes an advantage of the SL/TP values set (or not) to recognise where the order submits failed and from what point to recover.
Also the SL/TP values are dynamic ones so those should be then properly recalculated based on bars belonging to the setup in the past, per every tick or EA restart.

On the other hand if the connection gets lost to the broker then nothing will apply stop losses - I see this a major disadvantage of hidden SL in general.

So if you do not mind I would not be pushing for this change... what is the opinion from others???
  • #1,140
  • Nov 2, 2009 5:07am Nov 2, 2009 5:07am
Quoting jack h
Longbar, regarding mixed color HA bars, sometimes the bars stay mixed color for 3 or more bars, but then then a nice trend develops. The EA gives up looking for a trade after 3 mixed bars. Would it be possible to have the EA take the trade when body and wick agree, even if preceded by several mixed bars?

Thanks, Jack
I've seen a couple of times longer than 3 mixed bars alright.

Mister ED: do you skip or you keep monitoring these longer formations?
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