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Jiva Dragon

  • #61
  • Aug 12, 2010 3:00pm Aug 12, 2010 3:00pm
Those 30min preset I did were v5 so it should work in v4
so working on it now
  • #62
  • Aug 12, 2010 3:06pm Aug 12, 2010 3:06pm
Quoting dryclean
Those 30min preset I did were v5 so it should work in v4
so working on it now
yes they should work..
  • #63
  • Aug 12, 2010 3:09pm Aug 12, 2010 3:09pm
Quoting jiva34
yes they should work..
testing now will let you know
  • #64
  • Aug 12, 2010 3:12pm Aug 12, 2010 3:12pm
Hi jiva

My compliments on this thread, very interesting! Not only have you posted set files(a rarity in EA threads for some reason), also the code. Will follow along with interest and start testing at Sunday open.

If I am understanding correct, this is 24/7 system, so the user can expect carry trades over the weekend. Also, works with either 4 or 5 digit brokers, so ECN broker is not a problem.

Cheers
  • #65
  • Aug 12, 2010 5:40pm Aug 12, 2010 5:40pm
it seems everyone can set up charts but me. When I download the EA and other files they end with .php instead of .mq4. How can I get them extracted to load into MetaTrader4. Thanks Paul
  • #66
  • Aug 12, 2010 5:48pm Aug 12, 2010 5:48pm
If you go to the top of this page, on the right side you will see the page numbers and to the right of that there is the number 25 with a paperclip. Click on that box and you should find all of the files that have been posted to this thread,.

Hope this helps.

Carol

Quoting plind
it seems everyone can set up charts but me. When I download the EA and other files they end with .php instead of .mq4. How can I get them extracted to load into MetaTrader4. Thanks Paul
  • #67
  • Aug 12, 2010 6:26pm Aug 12, 2010 6:26pm
The tpl and presets loaded to MT4, but the EA and Robby indicator still end with .php and will not load to EA and ind folders. I tried to find software to convert to mq4 but no luck. Thanks again Paul
  • #68
  • Aug 12, 2010 6:42pm Aug 12, 2010 6:42pm
Quoting plind
The tpl and presets loaded to MT4, but the EA and Robby indicator still end with .php and will not load to EA and ind folders. I tried to find software to convert to mq4 but no luck. Thanks again Paul
It's an IE glitch, use FireFox
  • #69
  • Aug 12, 2010 6:45pm Aug 12, 2010 6:45pm
rename it manually...its easy.

ie:
attachment.php - "whatever indicators name is.mq4" and it works a treat
  • #70
  • Aug 12, 2010 7:17pm Aug 12, 2010 7:17pm
Hi jiva34 and Taiyakixz, Thank You for sharing your ea, I will download and give it a try, if I may. My broker is IBFX as of now , if I use the presets, I will just have to change the broker time, correct. IBFX I believe ,would be 0. Would there be any other setting except for tp and sl that I need to change?

Thank Again
fishman356
  • #71
  • Aug 12, 2010 9:06pm Aug 12, 2010 9:06pm
Hi Jiva,

I would like to trade your system manually and have a question to the attached charts (all EUR/USD H4 time frame).

Example 1 for going short:

First candle closed inside the dragon, second candle outside the dragon, so we enter a sell order at the close of the second candle, right? This would be a losing trade though.

Example 2 for going long:

First candle closed inside the dragon, however its a bearish candle. Do we still enter a long trade since the next candle closed outside the dragon? Or do we go long only when both candles are bullish?

Example 3 for going long:

Is the candle, where I placed the arrow, a valid candle that closed outside the dragon? I am not sure here.

Thanks for your help.
Attached Images
  • #72
  • Edited 9:39pm Aug 12, 2010 9:29pm | Edited 9:39pm
Just one more question as regards the AUD/USD trade. Why didnt the sell trade trigger at the yellow line (close of the outside candle)?
Attached Image
  • #73
  • Aug 12, 2010 10:11pm Aug 12, 2010 10:11pm
Quoting fguru
Just one more question as regards the AUD/USD trade. Why didnt the sell trade trigger at the yellow line (close of the outside candle)?

Because the "pending pips" parameter for AUD/USD is 55 pips.
That means it has to drop 55 pips from the close of the candle that closed outside the channel.
  • #74
  • Aug 12, 2010 10:47pm Aug 12, 2010 10:47pm
Quoting goldsurfer
Hi jiva

My compliments on this thread, very interesting! Not only have you posted set files(a rarity in EA threads for some reason), also the code. Will follow along with interest and start testing at Sunday open.

If I am understanding correct, this is 24/7 system, so the user can expect carry trades over the weekend. Also, works with either 4 or 5 digit brokers, so ECN broker is not a problem.

Cheers
yes carryover possible. However since it is a break out system and catches momentum moves, at least that is the idea, and the profit limits are not very great, the trades generally occur in the active market times and are completed fairly quickly, unless, of course, the inevitable not so hot trade... then it may carry over and take some drawdown too. I am testing some of these pairs now for 2 years back history tweaking a bit the settings and am finding still no losses. This is very encouraging because as we know market conditions change radically in 2 years time and for these settings to hold up so well we are delighted. Will post the results shortly.
  • #75
  • Aug 12, 2010 10:52pm Aug 12, 2010 10:52pm
Quoting fishman356
Hi jiva34 and Taiyakixz, Thank You for sharing your ea, I will download and give it a try, if I may. My broker is IBFX as of now , if I use the presets, I will just have to change the broker time, correct. IBFX I believe ,would be 0. Would there be any other setting except for tp and sl that I need to change?

Thank Again
fishman356
For these settings we are trading 24/7 so if start = 0 and end = 24 gmt is not an issue. The message in comments will say "not trade hour" just ignore it. That is bug in the message not in the ea. We have fixed that in v8.0 to be posted shortly.
  • #76
  • Aug 12, 2010 10:57pm Aug 12, 2010 10:57pm
Quoting fguru
Hi Jiva,

I would like to trade your system manually and have a question to the attached charts (all EUR/USD H4 time frame).

Example 1 for going short:

First candle closed inside the dragon, second candle outside the dragon, so we enter a sell order at the close of the second candle, right? This would be a losing trade though.

Example 2 for going long:

First candle closed inside the dragon, however its a bearish candle. Do we still enter a long trade since the next candle closed outside the dragon? Or do we go long...
We do not use instant orders for these settings. We use buy stop and sell stop when a signal is generated. Each pair is fine tuned differently you can find the exact settings in the preset for that pair. This is not a typical scalping system.
http://t3.gstatic.com/images?q=tbn:A...pXqYWwCHHUwv8=
  • #77
  • Aug 12, 2010 11:00pm Aug 12, 2010 11:00pm
Quoting fguru
Just one more question as regards the AUD/USD trade. Why didnt the sell trade trigger at the yellow line (close of the outside candle)?
The back testing has shown using a pending stop order is a safer entry. We are not looking at how much we didn't get, we are looking at how safe is the entry.
  • #78
  • Aug 12, 2010 11:04pm Aug 12, 2010 11:04pm
Quoting billbss
Because the "pending pips" parameter for AUD/USD is 55 pips.
That means it has to drop 55 pips from the close of the candle that closed outside the channel.
Seems like a lot doesn't it!! It is a lot!! But backtesting has shown given the conditions present that this is the safest way to enter.
  • #79
  • Aug 12, 2010 11:06pm Aug 12, 2010 11:06pm
Quoting plind
it seems everyone can set up charts but me. When I download the EA and other files they end with .php instead of .mq4. How can I get them extracted to load into MetaTrader4. Thanks Paul
How's it going?
  • #80
  • Aug 13, 2010 12:16am Aug 13, 2010 12:16am
2 x EURCHF trades taken so far. Both for profit. Good start. Will take a while demo testing to get enough trades to be comfortable trading live, but that is OK: If it is a good system, it will be worth it.
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