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Mister ED's 4 hour Heikin Ashi system

  • #1,201
  • Nov 11, 2009 7:34pm Nov 11, 2009 7:34pm
Guys,

This week has been bloody, murder, but relax. The thing is that market is ranging and this strategy is really for trending markets. What if we trade 1hour instead of 4H for this market?
  • #1,202
  • Nov 12, 2009 2:37am Nov 12, 2009 2:37am
Quoting xiaojian
Me too... I lost 300 pips. Mostly loosing trades from GBP_USD and GBP_JPY. Do you guys use the two order process or single order?
Hi, Im not surprised about the GBP dropping like a brick. The youth unemplyment here is is now 20% and the UK is the last of the Western developed countries to pull ou of the recession. In fact, the UK still has to show numerical proof of recovery.
Its certainly been a tough week and I've lost a lot of pips. I read in previous posts about this and next month being the hardest to trade in. I might just leave it till after the New Year.

McKevvy
  • #1,203
  • Nov 12, 2009 7:12am Nov 12, 2009 7:12am
is it so bad?

I am using Longbar's EA to trade. this week, we have cable profit (about 200 pips), but UJ loss(-150pips). I have GJ and GU running (so far -17pips), it seems OK to me.

anyone has same result as me?
  • #1,204
  • Nov 12, 2009 7:39am Nov 12, 2009 7:39am
Quoting henryloving
is it so bad?

I am using Longbar's EA to trade. this week, we have cable profit (about 200 pips), but UJ loss(-150pips). I have GJ and GU running (so far -17pips), it seems OK to me.

anyone has same result as me?

No, I am down 406 pips for the week. I need to add, I am not trading with the recommended optimization time frames.
  • #1,205
  • Nov 12, 2009 9:00am Nov 12, 2009 9:00am
Quoting Forexaccount
What if we trade 1hour instead of 4H for this market?
Give it a trial period and submit a report on your findings.
  • #1,206
  • Nov 15, 2009 10:16am Nov 15, 2009 10:16am
Hi Mister Ed,hi eveyone;
First of all, great work you pulled here Mister Ed.Much appreciated.
I have got some questions about some details. Soon I am going to start backtesting the system manually. I think it is important to understand the discretion about tightening stops and major news days and backtesting it manually is the only way I know to do that. It is quite a lot of work and I wanna do it right. I am sure you can relate to that J.
1. Say GU gave a setup at 24:00 Tuesday night ( Bar started at 20:00). Do you take the trade or skip it considering it is Wednesday already.
2. I guess it was asked before but I couldn’t understand. The HA bars have no lower wicks. Given the fact that you sometimes use wicks to tighten stops how do you do that on short trades.
3. During your optimization process did you make any alterations about the tarding days of the pairs.
4. I know your broker uses GMT+1 and you live in Canada. I guess you use your broker’s time zone to consider the trading days of each pair not your local time right?
5. While you are trading do you always add/subtract the spreads to SL&TP points because my broker’s spreads are killing me on some pairs like NZD/Usd especially at late night trades.
6. When the bar is too big to enter you wait for the retracement.do you have time limit for the retracement to happen. Like 4 or 12 hours because the market’s direction may change during time.
  • #1,207
  • Nov 15, 2009 9:43pm Nov 15, 2009 9:43pm
Helloooooooo....there is an echo in this room!!

Where has everyone gone? One bad week and we abandon the thread?
  • #1,208
  • Nov 15, 2009 10:56pm Nov 15, 2009 10:56pm
I am having a little problem with timing. I guess I can't follow the system completely. I selected not to trade on Sunday and it still placed another other. I guess I might have traded according to the server time.
  • #1,209
  • Nov 16, 2009 2:51am Nov 16, 2009 2:51am
It got a little quiet in here
Is anyone using the ea
I am testing it with optimized settings (optimization for 2009) on all recomended pairs.
It lost a little at the moment (mostly jpy pairs)

I would like to know how others are doing with the EA

Boki
  • #1,210
  • Nov 16, 2009 4:44am Nov 16, 2009 4:44am
Quoting wrenski
Helloooooooo....there is an echo in this room!!

Where has everyone gone? One bad week and we abandon the thread?
Noooo....im just sitting here lurking and reading
  • #1,211
  • Nov 16, 2009 4:45am Nov 16, 2009 4:45am
Quoting boki
It got a little quiet in here
Is anyone using the ea
I am testing it with optimized settings (optimization for 2009) on all recomended pairs.
It lost a little at the moment (mostly jpy pairs)

I would like to know how others are doing with the EA

Boki
It's going quite well for me on a demo a/c. I haven't had it running all the time but currently it's on about 9% profit. I really need to have it running constantly to be able to evaluate it correctly.
  • #1,212
  • Nov 16, 2009 5:05am Nov 16, 2009 5:05am
Hi All

I have been away for the weekend and so haven't been updating things. The last week has not been good but this happens. I feel that the next 2 weeks will turn out much better probably.

I will update the trades I have seen later today in my journal.

PrincoPronco - I will answer your questions tonight.

All the best
Mister ED
  • #1,213
  • Nov 16, 2009 6:28am Nov 16, 2009 6:28am
The thread is not abandoned. I am using the EA with little results as the market is still finding direction but overall I think is a good strategy.
  • #1,214
  • Nov 16, 2009 6:42am Nov 16, 2009 6:42am
There we go.....some chatting again. I am down for the month by 80 pips but I currently have four positive trades open and moving in the right direction. I am using the EA but not the optimized time frames.

May we all have a better week!!
  • #1,215
  • Nov 16, 2009 3:12pm Nov 16, 2009 3:12pm
Hi All,

Always on the lookout for new EA's to try out and personal preference is longer T/Frames so have installed Mr Ed's system / Longbar's EA. I am forward testing with the optimised settings along with 3 other EA's - the THV EA and 2 of my own. I reckon I will need at least 4 weeks before we get any meaningful results , but I will post them once I have anything significant to report.

B. Rgds

WR.
  • #1,216
  • Nov 16, 2009 5:43pm Nov 16, 2009 5:43pm
Quoting Forexaccount
The thread is not abandoned. I am using the EA with little results as the market is still finding direction but overall I think is a good strategy.
Hi Forexaccount.

Glad you got good results.
What is the EA version and the .set file are you using?
Are you testing other pairs?

Cheers.
Nonnodom
I will not give your shared stuff to anybody else. Only just mine.
  • #1,217
  • Nov 16, 2009 9:03pm Nov 16, 2009 9:03pm
Hi all

I do agree that it is a little sad that this thread has lost the momentum it had. I just signed up to this forum as I have been following it for a while and thought it was time for me to enter the conversation. The simplicity of this system alone has made it a favorite for me, now if I can just get some live trading $$$, I will probably never look back to a smaller timeframe again.
I just wanna say thanks to all the contributors of this great system, I know a lot of work has gone into making this, and it really shows! I wish I had some numbers to share with you, but unfortunately I've never gotten into the EA side of things before now so I still need to get my head around how the whole backtesting of strategies works.
All I can say is that since I installed version 1.6.2 (2 weeks ago), I've been running it and had a poor week last week, but this week is strongly making up for it as we speak. I haven't had any problems with the EA so far, it's running well with EntryMethod=2, CloseOnOppositeSignal=1, ExitMethod=2, 3% MoneyManagement and no RAVI filtering or trading day optimization yet. I really like the integration of the RAVi filter, however I have been using it to manually confirm lack of trending and just skip trades I don't feel confident in.
Hoping to take this strategy live within the next couple of weeks (although I might start it off with manual trading, so I'll hopefully have a lot more to share when that happens. Till then, I hope you guys and girls out there are making some money, and please share your experiences if you're like me and just sitting out on the sidelines.

Thanks
  • #1,218
  • Nov 17, 2009 2:11am Nov 17, 2009 2:11am
Yep, it's gone quite - on my end I was busy with end-of-year returns, grrr

My demo account started in July and was running the different versions of the EA (along as it was evolving) on the GPBJPY, EURUSD, EURGBP and GBPUSD pairs. There were a few weeks when it was off-line in August and sometimes my connection to the broker is lost for a couple of hours. The EA is configured to trade all opportunities all days so no period optimisation is configured.

I have seen ups and downs since day 1, the range is within approx 4500 to 5500 on a 5000 demo account. At the moment the account stands at balance 5349 with no open trade. For november there is a profit of 37 so far.

I really should set up another demo account as per Mr Ed's optimisation on all pairs to see how it goes

All the pips!

Longbar
  • #1,219
  • Nov 17, 2009 5:16am Nov 17, 2009 5:16am
Quoting LongBar
Yep, it's gone quite - on my end I was busy with end-of-year returns, grrr

My demo account started in July and was running the different versions of the EA (along as it was evolving) on the GPBJPY, EURUSD, EURGBP and GBPUSD pairs. There were a few weeks when it was off-line in August and sometimes my connection to the broker is lost for a couple of hours. The EA is configured to trade all opportunities all days so no period optimisation is configured.

I have seen ups and downs since day 1, the range is within approx 4500 to 5500 on a...
Can anybody post the latest optimization settings. Or give the link for the post.

Couldnt find it.

Thanks,
prakash
  • #1,220
  • Nov 17, 2009 8:07am Nov 17, 2009 8:07am
Quoting Prakash007
Can anybody post the latest optimization settings. Or give the link for the post.

Couldnt find it.

Thanks,
prakash
Hi Prakash

The latest settings for optimisation of the technique that I use are on Post 1 of Mister ED's HA trading journal. I am trying to keep these updated as they are a dynamic thing, but you must remember these are related to my specific charts and so it is up to you to test them to see if they work for you.

All the best
Mister ED
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