Attachments: Mister ED's 4 hour Heikin Ashi system

Mister ED's 4 hour Heikin Ashi system

#1,141
Nov 2, 2009 5:14am Nov 2, 2009 5:14am

LongBar
| Joined Oct 2008 | Status: Trader | 219 Posts

Quoting yen44x

Disliked

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.

Ignored

Hi yen44x,

Keep in mind that all new/extra features are optional, ie by default are turned off so the EA remains "compatible" with the original strategy. Obviously you will see some new parameters belonging to the new features of those you should ignore if not using them.

The other comment is that the latest EA version may have some bug fixes of earlier versions... and just to negate that could have new bugs introduced

Anyway as a best practice you probably want to use the latest EA version and ignore all the features you do not need.

Longbar

#1,142
Nov 2, 2009 5:35am Nov 2, 2009 5:35am

jack h
| Joined Nov 2006 | Status: Trader | 48 Posts

[quote=LongBar;3199045]I've seen a couple of times longer than 3 mixed bars alright.

I've been looking at longer MA periods for the HA candles, and it seems multiple mixed candles are common at higher MA periods.

Jack

#1,143
Nov 2, 2009 6:25am Nov 2, 2009 6:25am

ianlikesgolf
Joined Jun 2009 | Status: Psalm 84: 10-12 | 842 Posts

hello I have read a lot of your posts over at the 4 Hr breakout thread, also wrenski and shikos too. Nice jokes and cool pictures great for my trading motivation. Thankyou for sharing many of your thoughts on trading over there. I have been following Mister Eds posts which have been invaluable & Im really encouraged to start following Mister Eds new trading journal to learn to trade wisely and consistently. I was curious on your thoughts on using a currency meter with trading. I have attached one from over at Forex TSD & Im very interested in "currency meter V5" from www.currencymeter.com which is based on MA + RSI + %R and Laguerre.

Attached File(s)

!xMeter.mq4 16 KB | 465 downloads

!xMeter.ex4 19 KB | 360 downloads

#1,144
Nov 2, 2009 6:42am Nov 2, 2009 6:42am

xirtam
| Joined Sep 2008 | Status: Trader | 18 Posts

Longbar,

I'm trying to optimize pairs with the EA, could you possibly make a revision to the code?

The way the EA currently handles the days in which to trade is by the user entering a string, could you change this to an integer? So that each day could be individually switched on and off..... Something simple like;

extern int mon = 1;
extern int tue = 1;
extern int wed = 1;
extern int thu = 1;
extern int fri = 1;

bool dayweek;

dayweek = false;
if(DayOfWeek() == 1 && mon == 1) dayweek = true;
if(DayOfWeek() == 2 && tue == 1) dayweek = true;
if(DayOfWeek() == 3 && wed == 1) dayweek = true;
if(DayOfWeek() == 4 && thu == 1) dayweek = true;
if(DayOfWeek() == 5 && fri == 1) dayweek = true;

if(dayweek == true)

This would allow the optimizer in MT4 turn on and off certain days and would remove the manual backtesting required to figure out which days are better than others for each pair.

I think it would be a good addition, and save alot of time and effort when it comes to backtesting different days. I've tried and failed to change the code myself, I'm no coding expert :/

Could you take a look at this request?

Thanks

#1,145
Nov 2, 2009 8:20am Nov 2, 2009 8:20am

LongBar
| Joined Oct 2008 | Status: Trader | 219 Posts

Quoting xirtam

Disliked

Longbar,

I'm trying to optimize pairs with the EA, could you possibly make a revision to the code?

The way the EA currently handles the days in which to trade is by the user entering a string, could you change this to an integer? So that each day could be individually switched on and off..... Something simple like;

extern int mon = 1;
extern int tue = 1;
extern int wed = 1;
extern int thu = 1;
extern int fri = 1;

bool dayweek;

dayweek = false;
if(DayOfWeek() == 1 && mon == 1) dayweek = true;
if(DayOfWeek() == 2 && tue == 1) dayweek = true;
if(DayOfWeek()...

Ignored

Hi xirtam,

Please refer to post 702 where I responded already on this topic.

Cheers
Longbar

#1,146
Nov 2, 2009 10:06am Nov 2, 2009 10:06am

xiaojian
| Joined Oct 2009 | Status: Trader | 20 Posts

Longbar,

Thanks very much for your work on the EA. I just have one question regarding the time entry format. Is the time separated using commands?

example: TradeTimeMon = "00:00,04:00,12:00,16:00"

thanks,

#1,147
Nov 2, 2009 10:44am Nov 2, 2009 10:44am

LongBar
| Joined Oct 2008 | Status: Trader | 219 Posts

Quoting xiaojian

Disliked

Longbar,

Thanks very much for your work on the EA. I just have one question regarding the time entry format. Is the time separated using commands?

example: TradeTimeMon = "00:00,04:00,12:00,16:00"

thanks,

Ignored

Yep, space or comma will do - pretty much anything but a digit (0-9) or the ":"

#1,148
Nov 2, 2009 10:58am Nov 2, 2009 10:58am

xiaojian
| Joined Oct 2009 | Status: Trader | 20 Posts

Hi,

Setting the ATRMultiplierTP = 5 and ATRMultiplierSL = 2 really increased the profits on the back-testing. Can someone explain to me why it's better comparing to the default ATRMuliplierTP = 1 and ATRMultiplierSL = 1?

Thanks

#1,149
Nov 2, 2009 6:38pm Nov 2, 2009 6:38pm

michaelhryu
| Joined Oct 2008 | Status: Trader | 142 Posts

Quoting yen44x

Disliked

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.

Ignored

Yes, I agree with you 100%. I am of the same opinion that the original rules usually produce the best resuls. Please keep us informed how you are getting acquainted with the new system!

#1,150
Nov 2, 2009 6:42pm Nov 2, 2009 6:42pm

michaelhryu
| Joined Oct 2008 | Status: Trader | 142 Posts

Quoting LongBar

Disliked

Hi yen44x,

Keep in mind that all new/extra features are optional, ie by default are turned off so the EA remains "compatible" with the original strategy. Obviously you will see some new parameters belonging to the new features of those you should ignore if not using them.

The other comment is that the latest EA version may have some bug fixes of earlier versions... and just to negate that could have new bugs introduced

Anyway as a best practice you probably want to use the latest EA version and ignore all the features you do not need....

Ignored

Are you saying that if are to keep all the parameters at default, the most current EA version will strictly follow the original rules, with bugs in the earlier versions fixed? Thank you!

#1,151
Nov 2, 2009 9:35pm Nov 2, 2009 9:35pm

hello
| Joined Mar 2007 | Status: Trader | 210 Posts

Quoting xiaojian

Disliked

Hi,

Setting the ATRMultiplierTP = 5 and ATRMultiplierSL = 2 really increased the profits on the back-testing. Can someone explain to me why it's better comparing to the default ATRMuliplierTP = 1 and ATRMultiplierSL = 1?

Thanks

Ignored

Test it for 2007 and 2008 you would blow your acct depending on the risk. I believe 2007 and 2008 you would lose over 2000 pips each year. I believe the best way is to forward test the EA.

#1,152
Nov 2, 2009 9:39pm Nov 2, 2009 9:39pm

yen44x
| Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts

Quoting LongBar

Disliked

Hi yen44x, Keep in mind that all new/extra features are optional, ie by default are turned off so the EA remains "compatible" with the original strategy. Obviously you will see some new parameters belonging to the new features of those you should ignore if not using them. Anyway as a best practice you probably want to use the latest EA version and ignore all the features you do not need. Longbar

Ignored

Great . . . thanks for the advice.

Greetings from Guanajuato, Mexico

#1,153
Nov 2, 2009 9:47pm Nov 2, 2009 9:47pm

yen44x
| Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts

Quoting ianlikesgolf

Disliked

hello I have read a lot of your posts over at the 4 Hr breakout thread, also wrenski and shikos too. Nice jokes and cool pictures great for my trading motivation. Thankyou for sharing many of your thoughts on trading over there. I was curious on your thoughts on using a currency meter with trading.

Ignored

I remember seeing you name from time to time on the 4H Box thread. I remember because I'm a golf fan myself, although I primarily play for the humor of others . . . every time I swing, everyone in my group laughs.

That thread lent itself more to commenting on trades. This strategy is almost entirely mechanical, so there's not much to say regarding trade setups. That's not a complaint, just a comment . . . so far, the strategy's working very well.

I know absolutely zilch about currency meters, but I'll take a look at your attachments. Good luck on your trading.

Greetings from Guanajuato, Mexico

#1,154
Nov 2, 2009 9:48pm Nov 2, 2009 9:48pm

yen44x
| Joined Dec 2006 | Status: AKA "Yen" | 1,654 Posts

Quoting michaelhryu

Disliked

Yes, I agree with you 100%. I am of the same opinion that the original rules usually produce the best resuls. Please keep us informed how you are getting acquainted with the new system!

Ignored

I'll do that . . . I usually try to post my results each weekend.

Greetings from Guanajuato, Mexico

#1,155
Nov 3, 2009 4:21am Nov 3, 2009 4:21am

LongBar
| Joined Oct 2008 | Status: Trader | 219 Posts

Quoting michaelhryu

Disliked

Are you saying that if are to keep all the parameters at default, the most current EA version will strictly follow the original rules, with bugs in the earlier versions fixed? Thank you!

Ignored

Yes Michael, thats the intention and I hope it gets through for any new features in the future as well.

#1,156
Nov 3, 2009 5:35am Nov 3, 2009 5:35am

ianlikesgolf
Joined Jun 2009 | Status: Psalm 84: 10-12 | 842 Posts

Re:Yen44x
I'm a golf fan myself, although I primarily play for the humor of others . . . every time I swing, everyone in my group laughs.http://cdn.forexfactory.com/images/s...m/blushing.gif

Yen I hope you keep up the golf, laughs are great inspiration for trading

& ideas for cool pictures for trading threads.
Here in Japan they have a small onsen ( hotspring pool ) at the golf course for after the game.
Its way different from my home country of New Zealand.

Yes this strategy is almost entirely mechanical which is great. Mister Ed did state in post 856.
"It is possible to use other exiting systems to go with the trend longer but I have not added this in an effort to keep things as simple as possible."

Using the different weekly averages of ATR for TP exits is one exit for this strategy Im interested to learn about.

all the best

#1,157
Nov 3, 2009 6:37am Nov 3, 2009 6:37am

ianlikesgolf
Joined Jun 2009 | Status: Psalm 84: 10-12 | 842 Posts

re: xiaojian ATRMultiplier
Hi,
Setting the ATRMultiplierTP = 5 and ATRMultiplierSL = 2 really increased the profits on the back-testing. Can someone explain to me why it's better comparing to the default ATRMuliplierTP = 1 and ATRMultiplierSL = 1?

xiojian

I found this to be true only on GBP/JPY and GBP/USD pairs. Also TP 4 was good. As I was looking at the charts a lot I saw some big trends so I tested many possibilities to capture the pips with keeping as close as possible to this strategy on this thread.
I found the 2-6-3-2 candle setting was the most reliable.
Also the larger TP did not work in November and December last year it actually lost money but worked well for Jan to Oct as in the test I did.

Each pair has its own personality. for example this year testing the USD/NZD so far, shows trading longs only with SL of 1.5 and TP of 3.5 to
keep the pair in profit.

The real answers for many questions will come I think from following Mister Eds new trading journal and learning trade by trade. Mister Ed is an awesome trader and teacher.

Im setting up my EA on each pair to Mister Eds current best times and days.

All the best

#1,158
Nov 3, 2009 8:40am Nov 3, 2009 8:40am

ianlikesgolf
Joined Jun 2009 | Status: Psalm 84: 10-12 | 842 Posts

Re: McKevvy

Mismatched Chart Errors Mismatched charts errors 2614
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.

Thankyou I tried it and with control points and there were no errors, but with every tick the report is coming up blank for some reason. I will be changing over to 90% data soon I found a good post explaining how to set it up.

member Hello has kindly sent me test results with 90% data.
I have attached it with this post. The results were excellent.
Total net profit 5824.16
Profit factor 4.55
Relative drawdown 20.84%
this test was on $1000, if it was 3300 with 0.1 lots for about a 3% risk per trade the drawdown is showing at 9.76% on my MT4 backtest.
But a note of warning Nov and Dec were not good results last year using these settings. Also I found these settings were especially good on GBP/USD only. I have attached my set file with 1 change adding the 12:00 trade time on Monday.

all the best

Attached File(s)