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PM Forex Strategy

  • #21
  • Jun 24, 2010 2:17pm Jun 24, 2010 2:17pm
Quoting stifland
OK, well when you said you used a standard formula I didn't know if you meant lots. so it will break it down in to mini lots.
Also, here is a pic. It looks like this should be a short as I understand it.
No trades yet.
Mine is operating properly...

I use a different broker so my NonLagMA values are a bit different than yours. My short did not trigger where it looks like it should because of the NonLagMA indicator. It is a little sloppy and allows both the Up and Dn value to be populated at the same time while still changing the color. It is implied that the color should be yellow when this happens, but since I do not have the source code I can not tell exactly what is supposed to happen. I can only use the three output values supplied by the Indicator. In order to check for a change in direction I made the following rules.

*********Techie Explanation**********
From Red(down) to Green(up) , a long signal,
-- 1 candle back the NonLagMA Dn value must be Blank
-- 2 candles back the NonLagMA Dn value must be Blank
-- 3 candles back the NonLagMA Dn value must NOT be Blank
This means that the 3rd candle back used to be down or switching color
and the 2nd candle back must be up,
and the 1st candle back must be up.
This gives us 2 confrimed candles.

From Green(up) to Red(down) , a short signal,
-- 1 candle back the NonLagMA Up value must be Blank
-- 2 candles back the NonLagMA Up value must be Blank
-- 3 candles back the NonLagMA Up value must NOT be Blank
This means that the 3rd candle back used to be up or switching color
and the 2nd candle back must be down,
and the 1st candle back must be down.
This gives us 2 confirmed candles.

*****End Techie Explanation**********

My Short for that color change occured at your chart time of 19:30. Did yours trigger yet?

If you have the time could you open the data window on your platform then record the NonLagMA, Dn, and Up values for each candle from 3 candles before the color change to 6 candles after. If you can pm me or post them It would help me see if this is actually what is happening.


Mark
EllisEdi Moving on to my next trade ...
  • #22
  • Jun 24, 2010 2:31pm Jun 24, 2010 2:31pm
Quoting EllisEdi
Mine is operating properly...

I use a different broker so my NonLagMA values are a bit different than yours. My short did not trigger where it looks like it should because of the NonLagMA indicator. It is a little sloppy and allows both the Up and Dn value to be populated at the same time while still changing the color. It is implied that the color should be yellow when this happens, but since I do not have the source code I can not tell exactly what is supposed to happen. I can only use the three output values supplied by the Indicator. In...

OK, thank you. no signals yet. Sometimes only an up or down value.
-3 U 23558
-2 U 23601
-1 U 23642
0 U/D 23654 (same value both)
1 U/D 23645
2 U/D 23546 (slight blip up)
3 D 23619
4 D 23593
5 D 23 547

Should have a sell on usdjpy at close this bar. I am getting the confirm arrows, just no trades. Maybe I have something set wrong.
TY for looking.

billy
  • #23
  • Jun 24, 2010 2:34pm Jun 24, 2010 2:34pm
Didn't have "allow live trading" in tools options checked even though i did in expert props.
Not sure this matters on a demo?
  • #24
  • Jun 24, 2010 2:37pm Jun 24, 2010 2:37pm
Quoting stifland
Didn't have "allow live trading" in tools options checked even though i did in expert props.
Not sure this matters on a demo?

Yes, both need to be enabled. By turning the one in the expert properties off it allows you to run the EA without making the trades, for testing or if you want to use it as an indicator. there are also comments... change the font color to see them better ...


Mark
EllisEdi Moving on to my next trade ...
  • #25
  • Jun 24, 2010 2:45pm Jun 24, 2010 2:45pm
Quoting stifland
Didn't have "allow live trading" in tools options checked even though i did in expert props.
Not sure this matters on a demo?
Nope, got the red sell arrow on jpy, but no trade.
  • #26
  • Jun 24, 2010 3:00pm Jun 24, 2010 3:00pm
Quoting iamnoel
Introducing the PM Forex Strategy:
P - Price Action
M- NonLagMA


Entry:

Illustration 1.
http://img441.imageshack.us/img441/7005/forex.jpg


BUY:
1. When candle 1 closed, the NonLagMa will turn GREEN.
2. Wait for confirmation - if candle 2 closed and the MA is still GREEN.
3. Open a BUY at the open of candle 3

SELL:
1. When candle a closed, the NonLagMa will turn RED.
2. Wait for confirmation - if candle b closed, and the MA is still RED.
3. Open a SELL at the open of candle c.


EXIT:...

this looks like a really good system...since you just posted today, how much live trading success have you got so far, and which pair seems best? (30M t/f, correct?)

thanks,
jacob
  • #27
  • Jun 24, 2010 3:22pm Jun 24, 2010 3:22pm
On the entrance of the 3rd candle...are you entering at market or when price surpasses a few pips above/below the high/low of candle 2?

thanks
jacob
  • #28
  • Jun 24, 2010 3:34pm Jun 24, 2010 3:34pm
Quoting losingtrades
this looks like a really good system...since you just posted today, how much live trading success have you got so far, and which pair seems best? (30M t/f, correct?)

thanks,
jacob
He has already given the details in post# 1 and 2.
  • #29
  • Jun 24, 2010 3:40pm Jun 24, 2010 3:40pm
Quoting desi
He has already given the details in post# 1 and 2.

Desi...i think post 2 were demo trades only...I might be wrong though.
  • #30
  • Jun 24, 2010 3:48pm Jun 24, 2010 3:48pm
Quoting losingtrades
Desi...i think post 2 were demo trades only...I might be wrong though.
Here you go.
post# 1
So far, manual testing from May 1 - June 18 EURUSD on m30 timeframe yielded some 2000 pips. M15 timeframe around 1800 pips.

post# 2
After the 150 manual demo trades from May 1 to Jun 18, 2010
74 wins
76 loss

net of 1980 pips
  • #31
  • Jun 24, 2010 3:52pm Jun 24, 2010 3:52pm
Quoting desi
Here you go.
post# 1
So far, manual testing from May 1 - June 18 EURUSD on m30 timeframe yielded some 2000 pips. M15 timeframe around 1800 pips.

post# 2
After the 150 manual demo trades from May 1 to Jun 18, 2010
74 wins
76 loss

net of 1980 pips

so, post 1 is demo, post 2 is live? if so, I didn't catch that...my bad.
  • #32
  • Jun 24, 2010 3:57pm Jun 24, 2010 3:57pm
Quoting losingtrades
so, post 1 is demo, post 2 is live? if so, I didn't catch that...my bad.
All demo it seems.
  • #33
  • Jun 24, 2010 4:10pm Jun 24, 2010 4:10pm
Hi iamnoel,
Refer your first post, buy 1,2,3 illustration.
Although MA is green, candle marked '2' is bearish, still it is a valid buy signal?
  • #34
  • Jun 24, 2010 4:30pm Jun 24, 2010 4:30pm
Quoting stifland
Nope, got the red sell arrow on jpy, but no trade.


I just had two trades trigger one on gbpusd and the other on eurjpy ...
so it looks like it should be ok.

What are the differences between your broker and mine ...

your broker is a 5 digit broker? if yes turn off the auto money management and try using a lot size of 0.1 or 0.01

chart time is different so make sure Use Trading session is set to false.

What is the balance in your account (demo i hope)?


Is anyone else having issues with the EA?

Mark
EllisEdi Moving on to my next trade ...
  • #35
  • Jun 24, 2010 4:32pm Jun 24, 2010 4:32pm
I tested the EA with default settings ... it gave small profit from 1 June to 24 June .. 18 trading days ..

However I optimised trading session times and Fixed TakeProfit and StopLoss and got magic results .... it went to 19000 from 10000 but then down again .. to end with total of $1472 ..

I got these results with trading hours 7 to 18 Fixed SL of 60 and Fixed TP of 170 ... drawdown was rough ... some 40%

One could reduce drawdown .. but then profits are not so hot ... like $800

I am attaching the Report here so all can see

Regards
ECFOREX
Attached File(s)
File Type: pdf PM.pdf   48 KB | 1,138 downloads
I Love Pips - Lots of Pips
  • #36
  • Jun 24, 2010 7:12pm Jun 24, 2010 7:12pm
Quoting EllisEdi


I just had two trades trigger one on gbpusd and the other on eurjpy ...
so it looks like it should be ok.

What are the differences between your broker and mine ...

your broker is a 5 digit broker? if yes turn off the auto money management and try using a lot size of 0.1 or 0.01

chart time is different so make sure Use Trading session is set to false.

What is the balance in your account (demo i hope)?


Is anyone else having issues with the EA?

Mark

Made the MM false. I am 5 digit.
Comment says Waiting for Byy/Sell opportunities. we will see
  • #37
  • Jun 24, 2010 7:28pm Jun 24, 2010 7:28pm
Quoting chit0z
True, the edge of the system comes out only if we suck up the pips of a full swing instead of taking 10/20 quick pips and get out.
On m15, if the entry is good, price will immediately move in your direction without any hassle. And it can give anywhere near 50 pips before the exit signal. So a good stop could be a manual one with candle closing above the candle you entered in a position.
On m15, divide your position in 3. Close first one on 20 pips and move SL to breakeven. Let the remaining ones run to full extent. On 40 pips, close one more position...

Thank you for your input. Maybe we can incorporate that in the EA soon? I welcome inputs that can make this idea work better, and will post updates in the First Post.
  • #38
  • Jun 24, 2010 7:30pm Jun 24, 2010 7:30pm
Quoting EllisEdi
I whipped this EA out for you guys. I only tested it via the strategy tester so please forward test. I was a bit confused by your Lot size rules so i used a standard formula instead. Since no source code for the NonLagMA indicator (I only have source code for v 7.1) the EA must have the indicator NonLagMA.ex4 in the indicators directory.

The ea is pretty well documented and I beleive the defaults all match your trading system as posted.

Good Luck ...

Many, many thanks. I will try this out as soon as possible later, as I have to ready myself and dress up for work in a while.

Btw, can you please upload the v7.1 NonLagMA? How does it compare to the one I have in Post#1? I got that it from FF too.

Maybe you can post some charts of your testing too, if not too much to ask.

I will update the First Post later to try to explain the MM better.


P.S. @EllisEdi, Is it ok for me to download the EA, and renamed it to PMForexEA and upload it to the First Post?
  • #39
  • Jun 24, 2010 7:32pm Jun 24, 2010 7:32pm
Quoting sasavisnic67
Do you have a rule for SL?
Sasa

Yes, right now, it is our EXIT strategy as posted.
  • #40
  • Jun 24, 2010 7:34pm Jun 24, 2010 7:34pm
Quoting stifland
OK, well when you said you used a standard formula I didn't know if you meant lots. so it will break it down in to mini lots.
Also, here is a pic. It looks like this should be a short as I understand it.
No trades yet.
Yes, the SHORT trade is valid at the open of the 2nd to the last candle in your chart - http://www.forexfactory.com/showpost...0&postcount=20
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