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EMA/RSI Trend Spotter system

  • #81
  • Jun 29, 2010 5:23pm Jun 29, 2010 5:23pm
Quoting techfan1128
I have posted the indicators and a screen shot of what I am talking about. Let me know if you have any questions. According to Eagle4x instructions, trade BB_Squeeze on green dots (buy when green dot appears and histogram is blue, sell when green dot and histogram is red, or if you see a green dot and you cant see any historgram color, you can still take a trade)

Don't trade when Histogram on the NVO is Blue, when it it is any other color, it is a tradeable situation.

Brain trade Blue bar = buy, red bar = sell, green bar = no trade.

Sidus...

Hi Techfan,

I'm still working on the EA and doing some optimizations. I can look at the other Indicators that you have posted here and see if they add value. I have added a BE and will be posting the updated version soon. I will also post some backtest graphs, statements and setfiles. I find that strategy tester is optimizing the EMAs and RSI kinda in a different manner, but if it creates a profitalbe EA...then more power to us and ST. Thanks for your input.

Eric
  • #82
  • Jun 29, 2010 5:25pm Jun 29, 2010 5:25pm
Actually BBSq and NVO do not have to agree. I suggest input box for each filter to turn/on off so can either use at same time, separately, or neither.

Quoting techfan1128
I have posted the indicators and a screen shot of what I am talking about. Let me know if you have any questions. According to Eagle4x instructions, trade BB_Squeeze on green dots (buy when green dot appears and histogram is blue, sell when green dot and histogram is red, or if you see a green dot and you cant see any historgram color, you can still take a trade)

Don't trade when Histogram on the NVO is Blue, when it it is any other color, it is a tradeable situation.

Brain trade Blue bar = buy, red bar = sell, green bar = no trade.

Sidus...
  • #83
  • Jun 29, 2010 7:59pm Jun 29, 2010 7:59pm
Quoting eagle4x
Actually BBSq and NVO do not have to agree. I suggest input box for each filter to turn/on off so can either use at same time, separately, or neither.
Agreed
  • #84
  • Jun 29, 2010 8:01pm Jun 29, 2010 8:01pm
Quoting TallCoolOne
Hi Techfan,

I'm still working on the EA and doing some optimizations. I can look at the other Indicators that you have posted here and see if they add value. I have added a BE and will be posting the updated version soon. I will also post some backtest graphs, statements and setfiles. I find that strategy tester is optimizing the EMAs and RSI kinda in a different manner, but if it creates a profitalbe EA...then more power to us and ST. Thanks for your input.

Eric
Thanks for your work on the EA. I am very optimistic about this system. I definately think it has got some legs
  • #85
  • Jun 29, 2010 8:34pm Jun 29, 2010 8:34pm
I put the MTF scalper with some modified settings on multiple pairs and let it start trading. Now heres the crazy thing: I get home and see the bot has executed 6 trades and was up total of 80 pips. Then I look and to my surprise a trade has been executed on a pair (EUR/GBP) and I dont even have that chart open, How do you explain that?
  • #86
  • Jun 30, 2010 3:31am Jun 30, 2010 3:31am
Quoting techfan1128
I put the MTF scalper with some modified settings on multiple pairs and let it start trading. Now heres the crazy thing: I get home and see the bot has executed 6 trades and was up total of 80 pips. Then I look and to my surprise a trade has been executed on a pair (EUR/GBP) and I dont even have that chart open, How do you explain that?
MTF Scalper trades 15 different pairs without all the charts being open.

Scoobs.
  • #87
  • Jun 30, 2010 5:50am Jun 30, 2010 5:50am
I want to caution some of you not to confuse the 100/110 dual EMA crossover as parameters of this method for inputs into the MTF Scalper -- the whole premise of this thread is based on a 5/12/21 triple EMA crossover -- the 100/110 are only for the trailing stop... so any of the advice being given re: using 100/110 as the main crossovers for trade logic in the recent posts is entirely confused/wrong and, in fact, you cannot easily use MTF Scalper to emulate 5/12/21 unless a third EMA is added to the code. It presently only permits specifying 2 (and neither of those two should be 100/110 -- see the quoted text below).

Quoting thehenryfam
The EMAs that you see on screen are the 100 and 110, which Techfan put on the charts to use as a trailing stop. As a default, the indicator uses the 5, 12, and 21 period EMAs for making its trading decisions. Thus it likely is a valid trade; there is just no way to verify it unless you also add those EMAs (and the RSI 50) to your chart.

Scott
  • #88
  • Jun 30, 2010 9:39am Jun 30, 2010 9:39am
Whatever indicators and filters you are going to test with the system, you have to keep in mind that a good system works on 3 indicators maximum. So, if you discover that you have to add a 4th one for confirmation then it is time to admit that the system itself is crap and you should throw it away.
I have been watching the discussion for some time because I like the idea of one MA based indicator + one RSI or CCI. But now this discussion is losing the focus, I am afraid.
  • #89
  • Jun 30, 2010 1:07pm Jun 30, 2010 1:07pm
Quoting Indrek
Whatever indicators and filters you are going to test with the system, you have to keep in mind that a good system works on 3 indicators maximum. So, if you discover that you have to add a 4th one for confirmation then it is time to admit that the system itself is crap and you should throw it away.
I have been watching the discussion for some time because I like the idea of one MA based indicator + one RSI or CCI. But now this discussion is losing the focus, I am afraid.
The most important things are the EMA cross, RSI confirmation, and the bb_squeeze to help filter. Beyond that we really just need to manage the trade(the most important part) th slower ema is a benefit, but that gives overall direction on the TF. It's no necessary if you can see it with the make eye, buy is does help.

If you want to help us get back on topic, tell me what you think abouut th system as I just mentioned in this post. Is it profitable?
  • #90
  • Jun 30, 2010 1:17pm Jun 30, 2010 1:17pm
Quoting techfan1128
The most important things are the EMA cross, RSI confirmation, and the bb_squeeze to help filter. Beyond that we really just need to manage the trade(the most important part) th slower ema is a benefit, but that gives overall direction on the TF. It's no necessary if you can see it with the make eye, buy is does help.

If you want to help us get back on topic, tell me what you think abouut th system as I just mentioned in this post. Is it profitable?
Almost every system can be profitable in the hands of a good trader. I do not believe in mechanical systems, every system's behaviour is up to traders discretion.
I personally never trade MA cross. Better to trade "close under/above MA" or the change of the slope of MA (using coloured MA).
And RSI50 sounds awfully conservative... CCI50 is OK but RSI should be 8 or 14 or maximum 21.
I am really sorry if you find my post not constructive but I just tried to answer your question.
  • #91
  • Jun 30, 2010 1:22pm Jun 30, 2010 1:22pm
Here is the best MA indicator that I have ever seen. Period 8 is my favourite for any timeframe. And MA mode 6 (means T3 MA).
Attached File(s)
File Type: mq4 xpMA.mq4   16 KB | 1,119 downloads
  • #92
  • Jun 30, 2010 1:26pm Jun 30, 2010 1:26pm
Quoting Indrek
Whatever indicators and filters you are going to test with the system, you have to keep in mind that a good system works on 3 indicators maximum. So, if you discover that you have to add a 4th one for confirmation then it is time to admit that the system itself is crap and you should throw it away.
I have been watching the discussion for some time because I like the idea of one MA based indicator + one RSI or CCI. But now this discussion is losing the focus, I am afraid.
Take your best indicator in terms of a signal and get rid of the rest. Two indicators are not better than one. This has been shown over and over. RSI can be used as a signal but not if you are using the RSI level to create your signal. There has to be some other method like a divergence or a reversal which explain something in both cases about momentum. RSI is a leading indicator so combining it with moving averages does little because they are lagging indicators. Nearly every time you see a moving average cross you will find that price as already reacted earlier to divergences or reversals.
  • #93
  • Jun 30, 2010 1:33pm Jun 30, 2010 1:33pm
Quoting pdean123
Take your best indicator in terms of a signal and get rid of the rest. Two indicators are not better than one. This has been shown over and over. RSI can be used as a signal but not if you are using the RSI level to create your signal. There has to be some other method like a divergence or a reversal which explain something in both cases about momentum. RSI is a leading indicator so combining it with moving averages does little because they are lagging indicators. Nearly every time you see a moving average cross you will find that price as already...
EMA crosses are great when filtered. If one blindly takes every cross, a choppy market will kill their account. I still believe that we are on to something here. I think the squeeze indicator is the best filter of all the others posted.

I do also like the idea of price bouncing off of slower moving EMA, but just like anything else, your account gets killed in a ranging market.
  • #94
  • Jun 30, 2010 1:36pm Jun 30, 2010 1:36pm
Quoting zornjaso
I want to caution some of you not to confuse the 100/110 dual EMA crossover as parameters of this method for inputs into the MTF Scalper -- the whole premise of this thread is based on a 5/12/21 triple EMA crossover -- the 100/110 are only for the trailing stop... so any of the advice being given re: using 100/110 as the main crossovers for trade logic in the recent posts is entirely confused/wrong and, in fact, you cannot easily use MTF Scalper to emulate 5/12/21 unless a third EMA is added to the code. It presently only permits specifying 2 (and...
BTW, this is not a triple cross of ema's, it is a cross of 2 emas with confirmation from RSI
  • #95
  • Jun 30, 2010 1:44pm Jun 30, 2010 1:44pm
Quoting techfan1128
I do also like the idea of price bouncing off of slower moving EMA, but just like anything else, your account gets killed in a ranging market.
My point, when I said that the thread might lose focus, was that there are too different ideas around. You have to decide if you trade MA cross, MA bounce, close under/above MA, slope of MA or something else. All these are quite different techniques and if you after so many posts still do not know, which one is the bone of your system then it means you are lost.
Bringing in weird stuff like this Christmas tree called BBSqueeze does not help, I am afraid.
Keep it very simple!
  • #96
  • Jun 30, 2010 1:50pm Jun 30, 2010 1:50pm
Here is a current EURUSD chart that shows a 3 reversals on RSI which are momentum changes (red) and a divergence (purple). There are two statistical charts that show where the 100 SMA is when these are successful. This is using RSI as a signal and using a single MA as a reference point off of which data can be collected to get historical significance. The MA is now not indicating the trade but referencing the trade. The charts show where off the signal on this particular currency pair most of the pips were made in the last two months.
Attached Image (click to enlarge)
Click to Enlarge Name: 063010 EURUSD.jpg Size: 128 KB
Attached Images
  • #97
  • Jun 30, 2010 1:57pm Jun 30, 2010 1:57pm
Quoting Indrek
My point, when I said that the thread might lose focus, was that there are too different ideas around. You have to decide if you trade MA cross, MA bounce, close under/above MA, slope of MA or something else. All these are quite different techniques and if you after so many posts still do not know, which one is the bone of your system then it means you are lost.
Bringing in weird stuff like this Christmas tree called BBSqueeze does not help, I am afraid.
Keep it very simple!
I personally haven't wavered from a crossover system. If people have ideas to make it better I'm all about. The squeeze, I'm my opinion is very necessary because it keeps you out of trades when a range is going on. Sometimes the market goes into a range before you can realize it, when this happens you get alot of false crosses.
  • #98
  • Jun 30, 2010 2:04pm Jun 30, 2010 2:04pm
Quoting techfan1128
I personally haven't wavered from a crossover system. If people have ideas to make it better I'm all about. The squeeze, I'm my opinion is very necessary because it keeps you out of trades when a range is going on. Sometimes the market goes into a range before you can realize it, when this happens you get alot of false crosses.
Most systems are good in trending markets and MA crossovers work ONLY in trending markets.
Why not to use higher timeframe confirmation for the trades? It is my favourite technique whatever system I trade.
And instead of usual RSI I suggest the QQE indy posted by pgpb lately in one of the threads. I attach it here. My settings are RSI Period 8, SF 5, WP 3. Do not ask what SF or WP means, I just played with the settings and it works well with these numbers.
Attached File(s)
File Type: ex4 QQE ADV.ex4   4 KB | 776 downloads
  • #99
  • Jun 30, 2010 2:22pm Jun 30, 2010 2:22pm
Hi Guys,

Here is the latest EA. I renamed it Mary - after my wife. I added a BE and Jumpstop. I'm also attaching a backtest on GU for 1/1/2009 to present, along with the preset file and template I used for this test. If you watch it in strategy tester, the EA acts differently then you think based on the FastEMA being larger than the SlowEMA, but it works. My demo account is with Alpari US , so your results may be different than mine. Please let me know how your testing goes.

Thanks - Eric
Attached Image (click to enlarge)
Click to Enlarge Name: Mary_TesterGraph_GU_M15.gif Size: 11 KB
Attached File(s)
File Type: ex4 Mary_Test_EA.ex4   21 KB | 774 downloads
File Type: txt mary_gbpusd_m15.txt   1 KB | 749 downloads
File Type: tpl ema_rsi_gu_m15.tpl   3 KB | 657 downloads
  • #100
  • Jun 30, 2010 2:37pm Jun 30, 2010 2:37pm
Guys,

Also this EA is a departure from the original strategy I believe, but it seems to be profitable in back testing. I can start my own thread if you feel this EA is no long relevant to this thread. Please let me know what you think. Thanks!

Eric
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