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Attachments: EMA Cut
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EMA Cut

  • #21
  • Jul 20, 2010 4:59am Jul 20, 2010 4:59am
Quoting dutchsignals
Who took the trade at the GBP/USD 1,5236 today.
As per the entry rule posted here, there was no trade[alpari uk feed]..but as per the aggressive method [not posted here, but known to few], there have been 2 trades so far today on GU..

The first was a long, and the present one is a short.
God's Love For You Is Sure Never You Doubt It
  • #22
  • Jul 20, 2010 6:34am Jul 20, 2010 6:34am
I would hope you will not close the thread so soon when it is just getting started! Give us a chance please to get adjusted and maybe get someone to do an EA. Please.
  • #23
  • Jul 20, 2010 10:52am Jul 20, 2010 10:52am
I have knocked up a very basic version of what I understand the rules to be.

25 pip stop, 50 pip target, easy enough to change, but haven't bothered with a variable yet (busy).

If somebody can check to see if they agree with how it works etc, if there's anything which needs changing please say so, because I'm quite sure it's not perfect as is.
Attached File(s)
File Type: mq4 EMA Cut.mq4   5 KB | 415 downloads
  • #24
  • Jul 20, 2010 11:26am Jul 20, 2010 11:26am
I have a trade opening short at 12:50 GMT on USD/CHF today if I were to follow your rules. I apologize for not being able to upload a chart. If you could be so kind, could you check and see if I understand your method correctly? Thanks in advance.
  • #25
  • Jul 20, 2010 11:31am Jul 20, 2010 11:31am
Did I miss how the rsi is being used?

thx,
todd
  • #26
  • Edited 11:49am Jul 20, 2010 11:37am | Edited 11:49am
Quoting TraderHotch
I have knocked up a very basic version of what I understand the rules to be.

25 pip stop, 50 pip target, easy enough to change, but haven't bothered with a variable yet (busy).

If somebody can check to see if they agree with how it works etc, if there's anything which needs changing please say so, because I'm quite sure it's not perfect as is.
thank you so much TraderHotch, this is really really helpful. i have laoded this on my demo.

one small correction, ema 8 is on open not close. dont know why but as per the strategy its like that. also ema 5,8,25.55 should be above ema 200 for long.
  • #27
  • Jul 20, 2010 11:52am Jul 20, 2010 11:52am
Quoting todd960960
Did I miss how the rsi is being used?

thx,
todd
RSI shd be between 50 and 80 for long position after Step 1 - 3 (as refer to Post#4 by D liberators)
  • #28
  • Jul 20, 2010 12:01pm Jul 20, 2010 12:01pm
Thank you maxximuz, must of missed it somehow...
  • #29
  • Jul 20, 2010 12:01pm Jul 20, 2010 12:01pm
Quoting roundrock
thank you so much TraderHotch, this is really really helpful. i have laoded this on my demo.

one small correction, ema 8 is on open not close. dont know why but as per the strategy its like that. also ema 5,8,25.55 should be above ema 200 for long.
Think I've fixed those bits now.
Attached File(s)
File Type: mq4 EMA Cut 1.01.mq4   6 KB | 386 downloads
  • #30
  • Jul 20, 2010 4:33pm Jul 20, 2010 4:33pm
Thanks for the EA - unless I'm doing something incorrect- a backtest over a year on this EA results in very few trades and a losing Profit/Loss. Is everyone else getting the same results?
  • #31
  • Jul 20, 2010 5:16pm Jul 20, 2010 5:16pm
so so sorry, could not check up before now....there was a beautiful short signal quite ok..chart uploaded.....am nt so sure of the timing you mentioned as related to my broker AlpariUK..

The arrowed candle is the point of entry...



Quoting lilydat
I have a trade opening short at 12:50 GMT on USD/CHF today if I were to follow your rules. I apologize for not being able to upload a chart. If you could be so kind, could you check and see if I understand your method correctly? Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.gif Size: 57 KB
God's Love For You Is Sure Never You Doubt It
  • #32
  • Jul 20, 2010 6:09pm Jul 20, 2010 6:09pm
Thanks for the good attempt really...but the EA still needs more adjustments.. it picks trade far later than it should.

I'll try and stay as much as i can to post live charts as the signal emerges right from step one to taking a trade...perhaps this will give a better under standing..

Once again, thanks for the nice attempt


Quoting TraderHotch
Think I've fixed those bits now.
God's Love For You Is Sure Never You Doubt It
  • #33
  • Jul 21, 2010 3:06am Jul 21, 2010 3:06am
I've had a quick look at some back tests and it seems to be following the rules as I see them, care to highlight the problems with some charts?

Lot easier to fix that way. I admit it's probably not ready for live trading, but I'd rather make sure I have the rules correct before finishing touches etc.
  • #34
  • Jul 21, 2010 9:55am Jul 21, 2010 9:55am
Are there any rules about setting a stoploss for the different pairs...

Dutchsignals
  • #35
  • Jul 22, 2010 3:37am Jul 22, 2010 3:37am
Quoting TraderHotch
I've had a quick look at some back tests and it seems to be following the rules as I see them, care to highlight the problems with some charts?

Lot easier to fix that way. I admit it's probably not ready for live trading, but I'd rather make sure I have the rules correct before finishing touches etc.
The rules were not followed..let me try and explain them using a live example....Mind you this works on all time frame, but you have to adjust your SL, TP and PATIENCE levels..lol I prefer the 5mins scalp because it gives me a good flow of the daily opportunity to grab few pips which adds up to substantial amount in a week or month....

I'll use the EurUsd 1hr chart to explain the 3 step rules as the signal unfolds..I hope i'll be able to keep up with posting it [forgive me, i'm a fund manager and i have a lot on my hands].

Right now we have rule 1 fulfilled

1. Price [CANDLE] opened below the EMA 200[green line], and closed
above it.....the candle is marked ''1''.

Next is to wait for rule 2....Candle opens and closes above EMA 200

[Some traders trade at the end of rule 2 using a combination of indicators.... but that's not for this thread..]
Attached Image (click to enlarge)
Click to Enlarge Name: eu 1hr.gif Size: 54 KB
God's Love For You Is Sure Never You Doubt It
  • #36
  • Jul 22, 2010 3:44am Jul 22, 2010 3:44am
Quoting D liberators
The rules were not followed..let me try and explain them using a live example....Mind you this works on all time frame, but you have to adjust your SL, TP and PATIENCE levels..lol I prefer the 5mins scalp because it gives me a good flow of the daily opportunity to grab few pips which adds up to substantial amount in a week or month....

I'll use the EurUsd 1hr chart to explain the 3 step rules as the signal unfolds..I hope i'll be able to keep up with posting it [forgive me, i'm a fund manager and i have a lot on my hands].

Right now we have...

Here's a chart of the complete signal as occured y/day on 5mins chart......CLASSIC...exceeded our 50 pips target and never went more than 1 pip the other way before diving to it our TP..

Lets do this guys..its easy and effective..remember the golden rule in this business? it's withstood the test of time and i mean...KISS..[Keep it simply simple]..lol
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5mins.gif Size: 55 KB
God's Love For You Is Sure Never You Doubt It
  • #37
  • Jul 22, 2010 4:24am Jul 22, 2010 4:24am
Quoting D liberators
The rules were not followed..
How about you show me the chart where they weren't followed? Lot easier to sort out that way.
  • #38
  • Jul 22, 2010 5:19am Jul 22, 2010 5:19am
Quoting TraderHotch
How about you show me the chart where they weren't followed? Lot easier to sort out that way.
first chat....there was a signal ...EA took no trade

Second chat.....there was no signal [no ema cut....etc], just the ema's
crossing and not that the rules were obeyed...EA took
trade.

Can i assume that the EA is just for when the EMA's cross accordingly?

perhaps we can work around that....

If we cant get an EA to follow the rules as clearly stated, then can we have 1 that gives us signal when there's an EMA 200 cut [rule 1]?..i'll prefer that..

Thanks for your kindly assistance.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ea 1.gif Size: 65 KB
Click to Enlarge Name: ea 2.gif Size: 65 KB
God's Love For You Is Sure Never You Doubt It
  • #39
  • Jul 22, 2010 5:27am Jul 22, 2010 5:27am
Quoting D liberators
The rules were not followed..let me try and explain them using a live example....Mind you this works on all time frame, but you have to adjust your SL, TP and PATIENCE levels..lol I prefer the 5mins scalp because it gives me a good flow of the daily opportunity to grab few pips which adds up to substantial amount in a week or month....

I'll use the EurUsd 1hr chart to explain the 3 step rules as the signal unfolds..I hope i'll be able to keep up with posting it [forgive me, i'm a fund manager and i have a lot on my hands].

Right now we have...

Here's rule 2....Candle opens and closes above EMA 200

Now we wait for Rule 3...I'll like to state here that i personally prefer not to have too many candles between rules...Best signals are when rules 2 and 3 happens on the same candle..but as it is now, we dont have that, so we wait for rule 3.
Attached Image (click to enlarge)
Click to Enlarge Name: eu rule 2.gif Size: 62 KB
God's Love For You Is Sure Never You Doubt It
  • #40
  • Jul 22, 2010 5:32am Jul 22, 2010 5:32am
I'm not sure what is wrong with it in the first chart, could just be metatrader lulz, haven't seen anything like that on mine, will check the code again.

As for the second, step 1&2 has probably occurred earlier in the chart (couldn't see from the pic you posted). You didn't specify how long to wait after step 1&2 for step 3, so I let it run until a trade occurs or price closes on the other side of the 200EMA.

EDIT:

this might help in testing, added a print statement for when it decides step 1 and 2 have occurred.
Attached File(s)
File Type: mq4 EMA Cut1.02.mq4   5 KB | 358 downloads
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