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  • #181
  • Jun 28, 2010 5:15am Jun 28, 2010 5:15am
Quoting iamnoel
Is higher timeframe better?

EU m15, short


Thanks for the heads up re EA. Obviously, I am a total newbie in EA. I thought it is the "answer" hahahaha
yes, multi timeframe thing gives better signals (in any method). i check M30 , if signal comes then check H1. if both agree then trade. else wait....
  • #182
  • Edited 6:40am Jun 28, 2010 6:02am | Edited 6:40am
exited USDCAD at loss using 3 consequitive higher candles method
  • #183
  • Jun 28, 2010 7:51am Jun 28, 2010 7:51am
I have been lurking for a while thought I should comment.Its good to have a simple system like this, cause no matter how many indicators you combine its still a case of probability.
  • #184
  • Jun 28, 2010 8:06am Jun 28, 2010 8:06am
Quoting iamnoel
Is higher timeframe better?

EU m15, short

Thanks for the heads up re EA. Obviously, I am a total newbie in EA. I thought it is the "answer" hahahaha

iamnoel, I think H-1 is much better than M-15 and M-30. Of course, I need to demo it for a little while.

And don't pay attention to the EA results: your system is a very good system, we just have to avoid flat - like any system.
  • #185
  • Jun 28, 2010 8:14am Jun 28, 2010 8:14am
And one more thing. When all the currencies show the same direction (for example, EURUSD, GBPUSD, AUDUSD, NZDUSD - red line, USDCAD - green line) - it is usually a good thing, our chances are much better.

And if two biggest currencies, EURUSD and GBPUSD, show different directions, I would stay away for a little while.
  • #186
  • Jun 28, 2010 9:18am Jun 28, 2010 9:18am
Quoting Fokusnik
iamnoel, I think H-1 is much better than M-15 and M-30. Of course, I need to demo it for a little while.

And don't pay attention to the EA results: your system is a very good system, we just have to avoid flat - like any system.
I also prefer the higher time frames that reduces whipsaws,but if trading manually what do you think would be a good hard stoploss for this system cos this morning i got whipped out cos of a 15 pip stoploss, which would not have been so if I had used a bigger hard stop.
  • #187
  • Jun 28, 2010 9:50am Jun 28, 2010 9:50am
Excellent observations!
  • #188
  • Jun 28, 2010 10:06am Jun 28, 2010 10:06am
With all the posting over the weekend , I am a bit lost as to current setup. We are going with 2 nonlags for confirmation.
Candle time and market price just informational.

But is the Alf also incorporated somehow as a filter and how so?
Sorry if I missed that post.
  • #189
  • Jun 28, 2010 10:13am Jun 28, 2010 10:13am
Quoting stifland
With all the posting over the weekend , I am a bit lost as to current setup. We are going with 2 nonlags for confirmation.
Candle time and market price just informational.

But is the Alf also incorporated somehow as a filter and how so?
Sorry if I missed that post.
Stif...

the weekend was a busy time for this thread. it was suggested by (I forgot) to help with longer term trends to use 2 nonlag's, one for 21 and one for 84 the 84 representing the hour.

it does help in making a determination on a 15M potential trade whether one wants to go against longer term trends.

Alf was also introduced by someone. many of us on this thread were regulars on the alf thread, and we all like the alf indicator. so, all these just help with filtering possible trades.


and Syahmi was kind enough to post the pivot indicator's, and of course, we got great insight from Niceguy.


hope this helps
  • #190
  • Jun 28, 2010 10:17am Jun 28, 2010 10:17am
Quoting losingtrades
Stif...

the weekend was a busy time for this thread. it was suggested by (I forgot) to help with longer term trends to use 2 nonlag's, one for 21 and one for 84 the 84 representing the hour.

it does help in making a determination on a 15M potential trade whether one wants to go against longer term trends.

Alf was also introduced by someone. many of us on this thread were regulars on the alf thread, and we all like the alf indicator. so, all these just help with filtering possible trades.


hope this helps
yes thanks.

so alf user choice. may need to read that tread
  • #191
  • Edited 10:18am Jun 28, 2010 10:18am | Edited 10:18am
I just read your post below and made the v2 EA so that you can test the new strategy ...

Changes include
***** Entry when both NonLagMa's are in the same direction and FastNonLagMa crosses SlowNonLagMa (closed Candles).
***** Removal of programatic closing of trade. The defaults set a StopLoss and a Take Profit to take you out of a trade. You can also manually close trades.

Otherwise same basic features as before ...

//---------------------------
//-----Notes----------------
//---------------------------


Quoting iamnoel
Maybe over the next few days, EllisEdi can find some time to work on V2.

I really think, sad to say, after doing some more EA testing on EU on different TF, for 2010, the original system seems to lose more than it can win.

Maybe with NonLagMA 84 as the filter/trend, this will fair better.

Right now, the idea for v2 is like this:

OPEN TRADES
BUY
- if NLma21 cross above NLma84, AND
- if NLma21 has the same direction/color green as NLma84

SELL
- if NLma21 cross below NLma84, AND
- if NLma21 has the same direction/color red as NLma84...
Attached File(s)
File Type: mq4 PMForex_NonLagMa_EA_v2.mq4   33 KB | 509 downloads
EllisEdi Moving on to my next trade ...
  • #192
  • Jun 28, 2010 10:25am Jun 28, 2010 10:25am
FYI,

The EA's I have posted here all include a UseTradingSession indicator. when it is set to true then the EA will only open trades during the hours in the variables (StartTradingHour:StartTradingMinute through StopTradingHour:StopTradinMinute). You can then use the EA on a different chart (change the UniqueEANumber) with different active hours in order to trade multiple Sessions.



Quoting Fokusnik
iamnoel, as far as I understand, EA trades 24 hours per day, 5 days per week. A trader usually trades during active hours, like London open, NY open etc. I don't do any EA testing because I don't believe it could be close to manual backtesting. Is it possible that EA makes money during active hours and loses money during passive hours? I think so.

Is it possible to make EA trade during active hours only? Then we would be able to get some reliable results, something close enough to a real life trading.

And another thing. You do all the testing...
EllisEdi Moving on to my next trade ...
  • #193
  • Jun 28, 2010 10:35am Jun 28, 2010 10:35am
Quoting EllisEdi
FYI,

The EA's I have posted here all include a UseTradingSession indicator. when it is set to true then the EA will only open trades during the hours in the variables (StartTradingHour:StartTradingMinute through StopTradingHour:StopTradinMinute). You can then use the EA on a different chart (change the UniqueEANumber) with different active hours in order to trade multiple Sessions.

edi, wonder if it will fire for me. lol...will try later.
  • #194
  • Jun 28, 2010 10:50am Jun 28, 2010 10:50am
Quoting losingtrades
Stif...

the weekend was a busy time for this thread. it was suggested by (I forgot) to help with longer term trends to use 2 nonlag's, one for 21 and one for 84 the 84 representing the hour.

it does help in making a determination on a 15M potential trade whether one wants to go against longer term trends.

Alf was also introduced by someone. many of us on this thread were regulars on the alf thread, and we all like the alf indicator. so, all these just help with filtering possible trades.


and Syahmi was kind enough to post the pivot indicator's,...
can somebody help me find the correct indicators and setup. i am seeing several versions of the non-lags.

this is my requirement. i am little relaxed trader. minimum TF is M30. i want less noice. i am prepared to wait and wait for a good setup. would like H1 as entry with confirmation from H4. what could be the stoploss, tp ?

i am watching all 9 majors
  • #195
  • Jun 28, 2010 11:04am Jun 28, 2010 11:04am
Nonlag MA 21 is more or less identical to the movement of MACD default setup.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 35 KB
  • #196
  • Jun 28, 2010 11:10am Jun 28, 2010 11:10am
Quoting cityboy
I also prefer the higher time frames that reduces whipsaws,but if trading manually what do you think would be a good hard stoploss for this system cos this morning i got whipped out cos of a 15 pip stoploss, which would not have been so if I had used a bigger hard stop.
cityboy, THIS system is new to me, but when I trade my favorite pairs on H-1, I usually use stoploss 60 and TP 100.

But this system seems to be less risky than the ones I used before, so I think for THIS system on H-1 I would use SL 50.
  • #197
  • Jun 28, 2010 11:12am Jun 28, 2010 11:12am
Nonlag MA 21 is more or less identical to the movement of MACD default setup.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf1.gif Size: 34 KB
  • #198
  • Jun 28, 2010 11:17am Jun 28, 2010 11:17am
Nonlag MA 21 is more or less identical to the movement of MACD default setup.

Now EUR/USD...

Take a look at MACD & Nonlag MA 21
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 32 KB
  • #199
  • Jun 28, 2010 11:26am Jun 28, 2010 11:26am
Quoting EllisEdi
I just read your post below and made the v2 EA so that you can test the new strategy ...

Changes include
***** Entry when both NonLagMa's are in the same direction and FastNonLagMa crosses SlowNonLagMa (closed Candles).
***** Removal of programatic closing of trade. The defaults set a StopLoss and a Take Profit to take you out of a trade. You can also manually close trades.

Otherwise same basic features as before ...

//---------------------------
//-----Notes----------------
//---------------------------

thanks EllisEdi for the EA.

can you post the set file for 5 digit broker ?

i ran the back test, got only one trade on first day. after that its not reporting any more trade
  • #200
  • Jun 28, 2010 11:29am Jun 28, 2010 11:29am
Now take a look at Nonlag MA 84... & the crossing of MTF MACD 1Hour TF (Red vertical line)

Conclusion is Nonlag 84 is identical to MACD 1H TF ie 1 hour trend...


Cheers !
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd1.gif Size: 33 KB
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