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Mister ED's 4 hour Heikin Ashi system

  • #1,221
  • Edited 3:50pm Nov 17, 2009 3:15pm | Edited 3:50pm
I have read every message in this thread (took me all day - whew!), and I think the thread author and the terrific coder are fantastic guys! Thanks for all of your in-depth analysis and hard work.

At this point, I believe it would be great if a summary of all required indicators and settings necessary for the successful implementation of the EA could be pulled together on one page. I'll do my part and try to summarize things as I see them at this juncture, but it may take another day or re-reading to pull it all together.

Until then, I remain...
Ed Number Two
  • #1,222
  • Nov 17, 2009 8:39pm Nov 17, 2009 8:39pm
Quoting PrincoPrinco
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.
[font=Calibri]1....
Hi PrincoPrinco

Sorry for not answering last night.

1) all the trades that are mentioned are based on the starting time of the signal candle ie the Tues 20:00 candle closes at midnight and the trade would be entered at this time, on a Wednesday even though the signal started on a Tuesday. However the statistics are all based on the start time of the signal candle, therefore this would show up as a Tuesday trade in the stats

2) I just trade off the bottom of the candles. There are other indicators that have been tried that add wicks to the bottom but I don't use them. This is where the system can be modified to your own settings, but that is where discretion starts to enter the calculations.

3) I trade with the optimised system but I run 2 spreadsheets, one is optimised and the other is including all the possible signals with no optimisation. Then I compare and see how things can be tweaked.

4) I place my trades according to FXDD candles, this means that only one of the candles (4:00) is not tradeable for me as it is 2:00 local time

5) I do not include spreads. I am reviewing the NZDUSD as the spreads are high and the performance is not the best. Also volume is smaller and I have seen stop hunting in the past. It's not my favoured pair.

6) Retracements are an area of ongoing development. On starting using the system I would ignore them as they can be tricky. I usually will dump a potential retracement if it hasn't triggered within 3 bars. I am hoping to have more information at some stage but have been too busy at work and home to trawl through the data.

I hope this helps. The last few days have been somewhat better and I would expect this to continue for the next couple of weeks or so. But still keep to the rules of the system!

All the best
Mister ED
  • #1,223
  • Nov 18, 2009 8:33am Nov 18, 2009 8:33am
Mr. Ed,

Thank you so much for your kind sharing and patient answering of questions. Most appreciated !!

Perhaps you could avoid a lot of the same questions if you edited your first post and added a link to your journal and say that current optimizations can be found there.

To everyone: Questions are good. Just please don't be lazy. Please don't bug Mr Ed with daft questions. We don't want to lose him like so many other contributors who eventually get fed up by all this work caused by newbies who want others to do the thinking for them.

This is not a brains-off system. You have to read at least some of this thread to appreciate the logic and the risks you are running, and what version you choose. Please read before you ask.

If you look for versions of the EA then open the attachment menu at the top right of every page, beside the page number links. You will easily find the latest versions and dates of posting for looking up the explanations.
  • #1,224
  • Nov 18, 2009 8:49am Nov 18, 2009 8:49am
Quoting bubo
Mr. Ed,

Thank you so much for your kind sharing and patient answering of questions. Most appreciated !!

Perhaps you could avoid a lot of the same questions if you edited your first post and added a link to your journal and say that current optimizations can be found there.

To everyone: Questions are good. Just please don't be lazy. Please don't bug Mr Ed with daft questions. We don't want to lose him like so many other contributors who eventually get fed up by all this work caused by newbies who want others to do the thinking for them.

This...
Hi Bubo

I have just posted the link on post 1. Here it is again Mister ED's HA trading journal

I am glad that you like the system. It is not always an exciting way to trade but it suits my style. Trading the system is easier than trying to keep up with the threads !

Still it is a learning experience for everyone.

All the best
Mister ED
  • #1,225
  • Nov 18, 2009 3:20pm Nov 18, 2009 3:20pm
Thanks Mister Ed.

I have started my backtesting tonight. So far so good..
  • #1,226
  • Nov 18, 2009 5:31pm Nov 18, 2009 5:31pm
Quoting Mister ED
Hi Bubo

I have just posted the link on post 1. Here it is again Mister ED's HA trading journal

I am glad that you like the system. It is not always an exciting way to trade but it suits my style. Trading the system is easier than trying to keep up with the threads !

Still it is a learning experience for everyone.

All the best
Mister ED
Hi MisterEd

I jumped into this thread just few days ago,and I'm still trying to understand if your System could be good for my own trading style

but I wanna say a big thanx to you,not only for sharing your system but MOSTLY for your Journal!!!
I guess it's time consuming to keep itup to date,but it' s really a great Idea,and I hope other system threaders on FF will follow your steps

about your system:

do you simply enter everytime you see a signal on your selected days ,or you draw some support-resistence-trendlines-pivot and so on??
Account deleted
  • #1,227
  • Nov 18, 2009 8:32pm Nov 18, 2009 8:32pm
Quoting swissforex
Hi MisterEd

I jumped into this thread just few days ago,and I'm still trying to understand if your System could be good for my own trading style

but I wanna say a big thanx to you,not only for sharing your system but MOSTLY for your Journal!!!
I guess it's time consuming to keep itup to date,but it' s really a great Idea,and I hope other system threaders on FF will follow your steps

about your system:

do you simply enter everytime you see a signal on your selected days ,or you draw some support-resistence-trendlines-pivot and so on??
Hi Swissforex

I'm glad that you enjoy the thread.

All the information that I have recorded and used to base the optimisation parameters with is totally based on the HA bars and does not use any form of S/R lines or pivots etc. This is just to make it more easily reproducable for anyone following things. Obviously if you want you can use the signals as a baseline and then include these factors but this does become somewhat subjective eg should you use daily pivots, which server time do you use, how do you define pivots, what time scale is your S/R calculation based on.

Personally I find these things hard to judge but that may just be that I haven't devoted long enough to studying them. However they may also be useful to further enhance any returns on the system.

All the best
Mister ED
  • #1,228
  • Nov 19, 2009 4:33am Nov 19, 2009 4:33am
hi LongBar,

just found this nice thread and want to thanks you for your efforts, great.
I know that your time is actually precious and i don't try to abuse of it but if you choose to tweak this system again for better results, here are my requests:

- we need to select the "long run":
taking trades in a too narrow sideway range generate DD. so i think we need to monitor 2 ranges defined by trader: first for actual TF ( x last bars), second for higher one (day or week) and then exclude entries if price action is not trending. That need some testing to define each pair conditions. Maybe a good idea too is the ratio of these ranges (range1 / range2)

- if we just have closed a "long run", it's dangerous to take a trade immediatly because there is often a pause just after or a small pullback; so i think that we need a parameter to define it.

- finally, don't take trade if price is near the 2 MAs (100 & 200; quite the same value) because we don't know if price will bounce or break this moving support / resistance; better to wait.

Here is my feeling: better to drop risky conditions and wait for strong moves, there are enough pairs and time frames to play with.

I have bookmarked this golden thread where i've learned so many new ways to code from you, thanks again Sir.
  • #1,229
  • Nov 20, 2009 2:21am Nov 20, 2009 2:21am
Quoting yen44x
Wrenski . . . you know I'm not going to show you up, so I'm dedicated to losing all my profits this week as well.

However, the week still has time to turn around, so we'll see what happens.


Hi Yen, how are things going?
Have you read what I sent you. it is a really good stuff. Obviously you should not take everything 100% , but it has a good point. Combine it with S/R and you have good method. It is not mechanical strategy though.
  • #1,230
  • Nov 20, 2009 5:06pm Nov 20, 2009 5:06pm
Quoting shiko
Hi Yen, how are things going?
Have you read what I sent you. it is a really good stuff. Obviously you should not take everything 100% , but it has a good point. Combine it with S/R and you have good method. It is not mechanical strategy though.
Hey Shiko . . . long time no tease. We've been moving, so I took a couple of weeks off from trading. I also need to catch up on your p.m.

How did your interview go?
Greetings from Guanajuato, Mexico
  • #1,231
  • Nov 20, 2009 5:15pm Nov 20, 2009 5:15pm
Quoting yen44x
Hey Shiko . . . long time no tease. We've been moving, so I took a couple of weeks off from trading. I also need to catch up on your p.m.

How did your interview go?


Moving ?? Are you just relocating in Mexico?
  • #1,232
  • Nov 20, 2009 10:05pm Nov 20, 2009 10:05pm
Quoting wrenski
Moving ?? Are you just relocating in Mexico?
Yes, just changing homes in Guanajuato. The previous landlord actually expected us to pay the rent . . . can you believe it????
Greetings from Guanajuato, Mexico
  • #1,233
  • Nov 20, 2009 11:17pm Nov 20, 2009 11:17pm
I love this system. I just installed it however, I dont seem to get those entry lines or the stop loss or take profit boxes. Can anyone help? I use IBFX and FxPro demo.
thanks
S
  • #1,234
  • Nov 21, 2009 8:14am Nov 21, 2009 8:14am
Quoting yen44x
Yes, just changing homes in Guanajuato. The previous landlord actually expected us to pay the rent . . . can you believe it????

He he, I used to own a couple of rooming houses in Toronto area.
I am so happy I do not anymore
Rent collection sucks with that kind of well fare dudes. You cannot imagine what I was through as a owner
Beating crap out of tenant was not out of possibilities
  • #1,235
  • Nov 21, 2009 8:15am Nov 21, 2009 8:15am
That's where I learned basics of risk control
  • #1,236
  • Nov 21, 2009 8:21am Nov 21, 2009 8:21am
Quoting shiko
That's where I learned basics of risk control
Very good, Shiko.
Greetings from Guanajuato, Mexico
  • #1,237
  • Nov 21, 2009 8:31am Nov 21, 2009 8:31am
Quoting yen44x
Very good, Shiko.

Listening to True and missing 80's
  • #1,238
  • Nov 21, 2009 1:08pm Nov 21, 2009 1:08pm
Quoting Styngray
I love this system. I just installed it however, I dont seem to get those entry lines or the stop loss or take profit boxes. Can anyone help? I use IBFX and FxPro demo.
thanks
S
Styngray, to check installation do a backtest for the last month or two. Then open the chart on the strategy tester panel to see the trades...
  • #1,239
  • Nov 21, 2009 1:55pm Nov 21, 2009 1:55pm
Hello all,

it would be great if we could compare more results from everybody. I am particularly interested in the question how different brokers compare to each other, and how Mister ED's optimized settings compare to running it without day/time restrictions and perhaps an equity TP/SL.

I ran v1.2.0 as suggested by Yen44x, $5000 account with trade risk 3%, with optimized settings by Mr Ed as posted initially in the beginning of the thread (not updated day/time settings at his journal thread), from Nov 4 until now.

The results are attached for FXPro and CollectiveFX. Of course brokers differ in server time (I understand that Mr Ed uses FXDD).

The end results after almost 3 weeks for equity: FXPro -1.5% loss, CollectiveFX -8.5% loss. I am not convinced this is a major difference during such a short time on H4, but the pattern of CollectiveFX in the lower graph certainly does not look as good as FXPro in the upper graph (attached below).

How does this compare with results by others?

Also a question to make sure I am doing the right thing. When i set day/time options given by Mr Ed in his journal, is it correct to give the bars in which to trade for example as: "04:00,20:00" if you only want to trade 2 bars on that day? Can the variable TradeDay be left at "All" if you trade every day but not at all hours for every day?

Happy trading
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Mr_ED_Days_FXPro.gif Size: 6 KB
Click to Enlarge Name: Mr_ED_Days_CFX.gif Size: 5 KB
  • #1,240
  • Nov 21, 2009 4:57pm Nov 21, 2009 4:57pm
Quoting ianlikesgolf
re: member hello...
Hi

I'd like to start testing and optimizing this EA

I really need a set to start

please could you send me PM (or share here)your set file?

thanx
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