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Murrey Advisor by MoStAsHaR15

  • #81
  • Sep 13, 2010 2:48pm Sep 13, 2010 2:48pm
Quoting mostashar15
Therefore, I am thinking to add a new condition which is Close[0] is not more than 20 pips above EMA(5,close) in case of long and not more than 20 pips below EMA(5,close) in case of short.

I believe this will not affect number of trades dramatically. but rather will improve profitability further.

Any suggestions and thoughts?
Different pairs have different volatility, so I would not suggest to use the same number of pips for all. The same refers to SL.
I personally use ATR to define the values.
  • #82
  • Sep 13, 2010 3:01pm Sep 13, 2010 3:01pm
Quoting courtneywild
mostashar15

Closed my trades for the day...

3 trades...

EUR USD +26
EUR GBP +19
USD CAD +16

Total for day +61

To be honest the EURGB USDCAD have more miles in them but thats my day done.

Qs
Do you hold overnight ever?
If in a trade and the signal turns to hold do you exit?
If you exit and the trend regains original path, when will the EA send a new signal?
Sorry if these are junior school questions.

Thanks for 61 pips.

Abiento.
Quote
Do you hold overnight ever?
Yes, I do in particular for AUDUSD and NZDUSD as they see some good moves during Asian market.

Quote
If in a trade and the signal turns to hold do you exit?
No I don't. It is either TP or SL.

Quote
If you exit and the trend regains original path, when will the EA send a new signal?
Yes, it will give another signal. But you may want to look at this observation before you try to decide to get in again. We have not incorporated this yet in the code becasue we want to run the current version (v2.2) more time then we collect feedback.

http://www.forexfactory.com/showpost...9&postcount=77

Quote
Sorry if these are junior school questions.
Do not worry. We are all here to learn, buddy.

Quote
Thanks for 61 pips.
Enjoy it
  • #83
  • Sep 13, 2010 3:06pm Sep 13, 2010 3:06pm
Quoting Indrek
Different pairs have different volatility, so I would not suggest to use the same number of pips for all. The same refers to SL.
I personally use ATR to define the values.
I don't like the idea of having high SL because now if the trade hits your SL, then it will more likely eat profit of two or three winning trades. Therefore, what I see is to hold whever you are away from EMA(5,close) by more than 20 pips and allow some retrace then get in with much lower SL.
  • #84
  • Sep 13, 2010 3:08pm Sep 13, 2010 3:08pm
Quote
The other reason, is that I like to take pairs with no more than 5 pips max spread and as per my broker FxSol, it is those pairs.

well okay let's see...
more pairs = more trades = more profit...
but big spreads minimize wins or even don't make any sense to start trading with a low tp etc.

let's see
this thread just needs more feedback to improve system
Hero calls followed by margin calls...
  • #85
  • Sep 13, 2010 3:21pm Sep 13, 2010 3:21pm
Quote
"If you exit and the trend regains original path, when will the EA send a new signal?"

Yes, it will give another signal. But you may want to look at this observation before you try to decide to get in again. We have not incorporated this yet in the code becasue we want to run the current version (v2.2) more time then we collect feedback.
This is an important point for Steve's EA. I think there are two ways forward:

 

  1. The EA could just take the first signal after a breach of the Murray line and then ignore any subsequent ones until there was another Murray line breach.
  2. The EA could take every signal, even if there are several after the same Murray line has been breached.

Personally, I would tend to favor the former, as the risk with taking subsequent entries is that the market might be ranging rather than powering towards the TP, so it is less likely to produce a good trade. Also, the price is much more likely to be closer to the TP area on the second trade signal (I just saw 3 on the hour just now and this was the case with all of them), so the R:R is going to be much poorer.

Quote
"If in a trade and the signal turns to hold do you exit?"

No I don't. It is either TP or SL.
Perhaps this could be an option in the EA: When in a trade, ignore any changes to the status and just let it run, or to close the trade when status changes to "hold". In fact, it would be very useful to be able to test these two in parallel to see which was more profitable.
  • #86
  • Sep 13, 2010 3:29pm Sep 13, 2010 3:29pm
Quoting PhAnTi'
well okay let's see...
more pairs = more trades = more profit...
but big spreads minimize wins or even don't make any sense to start trading with a low tp etc.

let's see
this thread just needs more feedback to improve system
I strongly agree.
  • #87
  • Sep 13, 2010 3:33pm Sep 13, 2010 3:33pm
Quoting tahshoon
this is my clasic chart .. to compare
Can you share yours colorful MACD?
It is easy to read, isn't it?
Cheers
  • #88
  • Sep 13, 2010 3:35pm Sep 13, 2010 3:35pm
Quote
In fact, it would be very useful to be able to test these two in parallel to see which was more profitable.

don't know but maybe we can set a ts or s.th like that when conditions are changing
Hero calls followed by margin calls...
  • #89
  • Sep 13, 2010 3:58pm Sep 13, 2010 3:58pm
Quoting PhAnTi'
don't know but maybe we can set a ts or s.th like that when conditions are changing
The beauty of having this encoded in an EA would be that we can run different scenarios in both back and forward testing to see which are best.

mostashar15 has already given us a good 5 years of work on this, so we know what we are starting with is very solid. Then with Steve's automation it should be possible make it even better. If it can at least follow mostashar15's rules, then we already know it is 75% accurate with good R:R for him on live and demo, so that would be very nice to replicate in itself.
  • #90
  • Sep 13, 2010 4:12pm Sep 13, 2010 4:12pm
Quoting tahshoon
mr.mostashar ... i see that ur rang is higher than mostashar to be... a nice work, more than excellent , my broker is uranus investment -dubai
I have downloaded their platform and opened a demo account with them. I will be testing their platform. Hopefully, this will yield more pips since their 4 hr candle is closing 1 hour ahead of FxSol.
  • #91
  • Sep 13, 2010 4:12pm Sep 13, 2010 4:12pm
Quoting tradpat
Can you share yours colorful MACD?
It is easy to read, isn't it?
Cheers
its here ... no problem
http://www.forexfactory.com/showpost...5&postcount=57
  • #92
  • Edited 5:18pm Sep 13, 2010 5:06pm | Edited 5:18pm
Loaded Steve's ver on FXDD (EUR/USD H4),4digit, and IamFX (EUR/USD H4) 5 digit. I don't have Daily Range Statistics on either chart. Also the +,- on each Murray line is "0". I switched time frames to try for reset but still no data. Any ideas? Paul
  • #93
  • Sep 13, 2010 5:19pm Sep 13, 2010 5:19pm
Quoting plind
Loaded Steve's ver on FXDD (EUR/USD H4) and IamFX (EUR/USD H4). I don't have Daily Range Statistics on either chart. Also the +,- on each Murray line is "0". I switched time frames to try for reset but still no data. Any ideas? Paul
I tried it but did not work with me either.
  • #94
  • Sep 13, 2010 5:22pm Sep 13, 2010 5:22pm
Could a coder familiar with indicators follow up Steve's request here?

Quote
If someone here can add a buffer that holds:

 

  1. 0 for "HOLD!"
  2. 1 for "Go Long"
  3. 2 for "Go Short"

at these points, then I can take things from there.


http://www.forexfactory.com/showpost...2&postcount=75

Thanks

Invisible
  • #95
  • Sep 13, 2010 5:35pm Sep 13, 2010 5:35pm
Quoting plind
Loaded Steve's ver on FXDD (EUR/USD H4),4digit, and IamFX (EUR/USD H4) 5 digit. I don't have Daily Range Statistics on either chart. Also the +,- on each Murray line is "0". I switched time frames to try for reset but still no data. Any ideas? Paul
Mine have gone too.

As I pointed out earlier, I do not understand indis.

Over to you lot. Produce on that I can interrogate to produce figures that an ea can use and I can code the ea. Until someone does this, there is nothing I can do.

  • #96
  • Sep 13, 2010 5:38pm Sep 13, 2010 5:38pm
Among all the winning trades today, I have seen two losses:
1. EURUSD (-29 pips)
2. USDJPY (-33 pips)

The common between the two trades is what I talked about before. There was a very long candle that breached a Murrey level but as the new candle opens, it retraces back.

This can be filtered easily by looking for EMA(5,close) is no more than 25 pips below the close of last candle Close[1] in case of LONG and no more than 25 pips above Close[1].

To be honest, I have already modified the code to incorporate this change in v2.3 but I will not share now. However, I will share some results from both to compare.

Regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jpyusd_newcond.gif Size: 28 KB
Click to Enlarge Name: eurusd_newcond.gif Size: 31 KB
  • #97
  • Sep 13, 2010 6:11pm Sep 13, 2010 6:11pm
Quoting mostashar15

To be honest, I have already modified the code to incorporate this change in v2.3 but I will not share now.

Regards
Why?

Will you share with us later?

This improved version will be helpful, at least i think, for Steve's coding of your system into a profitable EA.

Do you have intention to sell it later? I really hope not. If i've misunderstood your intention, please forgive me.

Cheers.
福 子 Victor V
  • #98
  • Sep 13, 2010 6:48pm Sep 13, 2010 6:48pm
Quoting camvcvoo
Why?

Will you share with us later?

This improved version will be helpful, at least i think, for Steve's coding of your system into a profitable EA.

Do you have intention to sell it later? I really hope not. If i've misunderstood your intention, please forgive me.

Cheers.
If I have intentions to sell, I would not have told you with the change. I believe with the current performance, there are some people who maybe willing to buy it if I sell it for US$ 30 and only if I manage to sell 1000 copies, this is US$ 30,000.

You know, it is not a bad idea at the end.

I am just kidding

This code is no longer mine now, because it will contain thoughts, suggestions and experience of everybody here in this thread. If I decide one day to use it commercially, then I will have first to get your permission.
  • #99
  • Sep 13, 2010 7:14pm Sep 13, 2010 7:14pm
Quoting mostashar15
I don't like the idea of having high SL because now if the trade hits your SL, then it will more likely eat profit of two or three winning trades. Therefore, what I see is to hold whever you are away from EMA(5,close) by more than 20 pips and allow some retrace then get in with much lower SL.
a suggestion you can use a certain % of the ATR as yr SL. e.g 50% or 70%
Attached File(s)
File Type: ex4 ATR Pips.ex4   2 KB | 326 downloads
  • #100
  • Sep 13, 2010 7:48pm Sep 13, 2010 7:48pm
Quoting mostashar15
Among all the winning trades today, I have seen two losses:
1. EURUSD (-29 pips)
2. USDJPY (-33 pips)

The common between the two trades is what I talked about before. There was a very long candle that breached a Murrey level but as the new candle opens, it retraces back.

This can be filtered easily by looking for EMA(5,close) is no more than 25 pips below the close of last candle Close[1] in case of LONG and no more than 25 pips above Close[1].

To be honest, I have already modified the code to incorporate this change in v2.3 but I will not...
Hi, you might find this indicator useful - It simply displays the distance of price to the ma, so you can easily tell if it is higher than 25 pips.
For 5 digit brokers, it'll show 10 pips as 100.

Pardy
Attached File(s)
File Type: mq4 MADistance.mq4   5 KB | 518 downloads
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