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Another simple system

  • #341
  • Jun 20, 2010 10:36pm Jun 20, 2010 10:36pm
Quoting ES Trader
I am testing the EA on strategy tester, 4 hr chart gbp/jpy for last 15 months. No trades are showing up.

Not sure why?
Today, I have trades on various pairs on demo account. gbpjpy also had a sell (which closed at a loss).

I also tried gbpjpy on strategy tester. The account being a new demo, there was only limited history. Trades were appearing for the limited days of history that was present.

You donot have to attach the EA on any specific timeframe. Time frame to be used is hard coded and controlled by the parameters for the EA that you select for using.

TF
  • #342
  • Jun 20, 2010 10:39pm Jun 20, 2010 10:39pm
Ok, so where is the EA programmer team for this method ? I am interrested to sign in !

Anything already done, I read an EA Helper...
  • #343
  • Jun 21, 2010 8:36am Jun 21, 2010 8:36am
Anyone short the GBP/USD, 2 hours ago?

Short 4852
  • #344
  • Jun 21, 2010 9:05am Jun 21, 2010 9:05am
Good morning!

Right now I can see only one problem with MTF BBH on H-1, but it's a BIG problem - the exit signals are very slow and unreliable!

The entries are almost perfect. I trade GBPJPY, GBPUSD and EURJPY. Let's take a look at GBPJPY:

5 AM is a very good, solid entry - a long red area and after that three blue dots aligned. So I took a trade with stop-loss 60 and take-profit 100 and went to bed. And I got my 100 pips all right! But what if the trend changed earlier, at something like 80 pips? Let's say I don't go to bed and I wait for the exit signal. Even now H-1 chart doesn't show any exit signals!

Maybe we can enter on H-1 and exit on M-15?

How do you, guys, exit?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.gif Size: 167 KB
  • #345
  • Jun 21, 2010 9:25am Jun 21, 2010 9:25am
Good news!

Our thread received more than 40,000 views!
  • #346
  • Jun 21, 2010 9:50am Jun 21, 2010 9:50am
Quoting Fokusnik
Good morning!

Right now I can see only one problem with MTF BBH on H-1, but it's a BIG problem - the exit signals are very slow and unreliable!

The entries are almost perfect. I trade GBPJPY, GBPUSD and EURJPY. Let's take a look at GBPJPY:

5 AM is a very good, solid entry - a long red area and after that three blue dots aligned. So I took a trade with stop-loss 60 and take-profit 100 and went to bed. And I got my 100 pips all right! But what if the trend changed earlier, at something like 80 pips? Let's say I don't go to bed and I wait for...
Fokusnik,

I don't trade H1 however....when I put a trade on and have to leave it unattended then i use an EA to monitor it for me. I put a hard SL of 1R (in your case 60 pips) and I put a hard TP of 2R (in your case 120). Note that the TP could be based on S/R etc.

I then have the EA go to BE + spread at 1R(in your case 60 pips). Sometimes I will have it take partial profit at 1R but not always. Then I will jump trail or just leave the SL at BE.

As for exiting based on M15...that is a conservative way of doing it and will allow you to bank money but you may lose out on a longer trend. On H1 and H4 i basically ignore the last two higher dots as they will never change in time so perhaps once in a trade just drop down to M15 and once you get M15 and M30 changed then exit???

Ideas only...
  • #347
  • Jun 21, 2010 10:19am Jun 21, 2010 10:19am
flyer415, thank you!

I'm gonna think it over!
  • #348
  • Jun 21, 2010 12:30pm Jun 21, 2010 12:30pm
Went short on UJ @91.03.
TP: 90.83
SL: 91.23
Just demo.
  • #349
  • Jun 21, 2010 12:31pm Jun 21, 2010 12:31pm
Quoting Fokusnik
Good news!

Our thread received more than 40,000 views!
Really, Wow. May be someone start giving stars for this thread!!

I took trade on AudUSD, NZDusd made total of 160pips.

I trade only 4 hrs. For Exit I use couple of options

1. I wait fir the color to change on 1hr chart.

2. Sometimes i put fixed pip profit, usually between 50 t0 100 pips.
100 pips if ALL the 4 time zone is in tandem. If 3 are then 75 and if 2 then 50 pips
  • #350
  • Jun 21, 2010 12:36pm Jun 21, 2010 12:36pm
Quoting ES Trader
Really, Wow. May be someone start giving stars for this thread!!

I took trade on AudUSD, NZDusd made total of 160pips.

I trade only 4 hrs. For Exit I use couple of options

1. I wait fir the color to change on 1hr chart.

2. Sometimes i put fixed pip profit, usually between 50 t0 100 pips.
100 pips if ALL the 4 time zone is in tandem. If 3 are then 75 and if 2 then 50 pips

Es Trader,

can you tell me the price and time of your entries on NU and AU or post a chart.

I picked up 50 pips on GJ this morning on M15 with a 20 pip SL. (on demo)

Also just entered EU short on H4 (live). COuld have entered 25 pips earlier but wanted to break low of previous bar. H4 is red but not D1. W1 and MN1 is obviously red. I believe that on a higher strong downtrend that i can enter based on only the H4 going red but I could be wrong.

thanks
  • #351
  • Jun 21, 2010 12:50pm Jun 21, 2010 12:50pm
Quoting flyer415
Es Trader,

can you tell me the price and time of your entries on NU and AU or post a chart.

I picked up 50 pips on GJ this morning on M15 with a 20 pip SL. (on demo)

Also just entered EU short on H4 (live). COuld have entered 25 pips earlier but wanted to break low of previous bar. H4 is red but not D1. W1 and MN1 is obviously red. I believe that on a higher strong downtrend that i can enter based on only the H4 going red but I could be wrong.

thanks
Here are the 2 charts. I was long from last week
Attached Image(s) (click to enlarge)
Click to Enlarge Name: bullbear numbers 2.gif Size: 11 KB
Click to Enlarge Name: bullbear numbers 4.gif Size: 9 KB
  • #352
  • Jun 21, 2010 12:52pm Jun 21, 2010 12:52pm
There has been no trade so far on EA. Any one has had luck with EA?
  • #353
  • Jun 21, 2010 12:55pm Jun 21, 2010 12:55pm
Quoting ES Trader
Here are the 2 charts. I were long from last week

Thanks for that. i thought that you meant you entered last night or today.

Now I get your entries on my charts as well.

Love H4!!
  • #354
  • Jun 21, 2010 12:55pm Jun 21, 2010 12:55pm
Quoting flyer415
Es Trader,

can you tell me the price and time of your entries on NU and AU or post a chart.

I picked up 50 pips on GJ this morning on M15 with a 20 pip SL. (on demo)

Also just entered EU short on H4 (live). COuld have entered 25 pips earlier but wanted to break low of previous bar. H4 is red but not D1. W1 and MN1 is obviously red. I believe that on a higher strong downtrend that i can enter based on only the H4 going red but I could be wrong.

thanks
When u are trading 4 hrs,it seem to be ok even if one more level up is of same color. Seem to work out for at least 50 pips profit. Just my opinion of course
  • #355
  • Jun 21, 2010 12:58pm Jun 21, 2010 12:58pm
Quoting fguru
Went short on UJ @91.03.
TP: 90.83
SL: 91.23
Just demo.

I was really tempted to go short on UJ as it went below 91.23 which is the Month Open. Also had a pinbar that closed right at it on my h4 feed.
  • #356
  • Jun 21, 2010 1:00pm Jun 21, 2010 1:00pm
Quoting ES Trader
When u are trading 4 hrs,it seem to be ok even if one more level up is of same color. Seem to work out for at least 50 pips profit. Just my opinion of course

I concur.

My issue lately on H4 has been exit strategies. i had 5 trades in a row that went to BE after being at least 75 pips in profit.

More issue with the take profit strategy then the exit strategy.
  • #357
  • Jun 21, 2010 1:03pm Jun 21, 2010 1:03pm
Quoting flyer415
I was really tempted to go short on UJ as it went below 91.23 which is the Month Open. Also had a pinbar that closed right at it on my h4 feed.
I have buy stop on UJ, Of course I will probably look for smaller profit since it is green only 0n 4hr time frame
Attached Image (click to enlarge)
Click to Enlarge Name: bullbear numbers 5.gif Size: 11 KB
  • #358
  • Jun 21, 2010 1:04pm Jun 21, 2010 1:04pm
Quoting ES Trader
I have buy stop on UJ, Of course I will probably look for smaller profit since it is green only 0n 4hr time frame
buy stop 91.50
  • #359
  • Jun 21, 2010 1:06pm Jun 21, 2010 1:06pm
Quoting flyer415
I concur.

My issue lately on H4 has been exit strategies. i had 5 trades in a row that went to BE after being at least 75 pips in profit.

More issue with the take profit strategy then the exit strategy.
I agree. Entry seems pretty good so far with MTF indicator.
  • #360
  • Jun 21, 2010 1:07pm Jun 21, 2010 1:07pm
I still hope EA will trade. May be needs some work.
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