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Nanningbob 4h trading system ver. 5.0

  • #2,901
  • Oct 17, 2010 1:23pm Oct 17, 2010 1:23pm
Quoting bluemele
Bob,

I agree w/ McKeen....
THe 1MA cross has its strong points and weak points. The problem I am having with Steve's EAs is they seem to wait until the next bar before entering the trade not at the cross when it happens. Since they seem to do this and I have in the code, previous bar 1MA must be on one side of the line and the next bar 1MA must be on the other, However, if the EA waits until the next bar to open the trade but the 1MA crossed happened on that previous bar then it wont enter the trade. Now you can solve that problem by putting the 1MA cross 2 previous bars but then you miss the trades when price just crosses for one bar and then reverses. I am trying to solve that problem by having the EA enter 1MA cross on the 1H chart but that becomes a little trickier to code. We get a signal from the 4H chart and then wait for another set of conditions to also be met on the 1H chart. This fine tunes our entrances better but coding that can be tricky.
  • #2,902
  • Oct 17, 2010 1:40pm Oct 17, 2010 1:40pm
Quoting nanningbob
THe 1MA cross has its strong points and weak points. The problem I am having with Steve's EAs is they seem to wait until the next bar before entering the trade not at the cross when it happens. Since they seem to do this and I have in the code, previous bar 1MA must be on one side of the line and the next bar 1MA must be on the other, However, if the EA waits until the next bar to open the trade but the 1MA crossed happened on that previous bar then it wont enter the trade. Now you can solve that problem by putting the 1MA cross 2 previous bars...
The code really is just another nested if(ima(previoustimeframe)) -->> ordersend etc...

Pretty simple to do, but I think if you leave it dynamic for the timeframe, then you can optimize/test it.

However, considering trading 20+ pairs, I think risk the chances of curve fitting and hence backtesting is worthless then.

I don't believe you really need to wait for bar close or I am not understanding you and to change the bar close is just one variable within the IMA custom indicator call.
We are our own best indicator.
  • #2,903
  • Oct 17, 2010 1:44pm Oct 17, 2010 1:44pm
Quoting duffypratt
I'd like to elaborate a bit on my testing and the results....
This is why a fully auto-EA would be necessary. Spreads will make a HUGE difference from a loser to a winner.

It only takes a few losers to eliminate several several winners.

I would focus on recruiting a coder to make this EA a possibility without getting them too muddled with people saying, "I want this or I want that, can you add this filter, blah blah blah.."

We are our own best indicator.
  • #2,904
  • Oct 17, 2010 3:25pm Oct 17, 2010 3:25pm
Quoting nanningbob
THe 1MA cross has its strong points and weak points. The problem I am having with Steve's EAs is they seem to wait until the next bar before entering the trade not at the cross when it happens. Since they seem to do this and I have in the code, previous bar 1MA must be on one side of the line and the next bar 1MA must be on the other, However, if the EA waits until the next bar to open the trade but the 1MA crossed happened on that previous bar then it wont enter the trade. Now you can solve that problem by putting the 1MA cross 2 previous bars...
Wouldn't this also raise a similar issue with the BuySellClose EA?
  • #2,905
  • Oct 17, 2010 3:26pm Oct 17, 2010 3:26pm
Hi Guys,

I wrote this from my basic skeleton EA. I added the TMA logic and the logic for the crossing the MAs. I didn't add the RSI function yet. If someone would like to do this, be my guest. This program has a tp and sl, jump stop, break even stop and trailing stop. They all work pretty well. I have this on backtester and seems to be taking trades as expected while watching in visual mode with Bob's template on the chart.
Attached File(s)
File Type: mq4 NB_TMA_EA.mq4   37 KB | 469 downloads
  • #2,906
  • Edited 4:43pm Oct 17, 2010 3:53pm | Edited 4:43pm
First a sorry to NB for perhaps going on too hard, my intentions are not to insult you or flame your thread. I just felt these things were important and I felt you weren´t listening.

I am sorry.

Now on to the good part (to cure the wounds):
I have (after request from bluemele) created an EA for the TMA, the request from him looked like this:

---
I have some basic rules that DuffyPratt has spent many many hours putting together as well as myself replaying the simulator.

Basically, just a 1MA crossing outside the TMA bands with a x by x MA cross (this would be optimizable) or typically a 1x3 or 2x7 cross for entry with an ATR based BE/TP mark.

On most currencies that would be @ 40 pips, go BE to 30 pips, but it should be ATR based or dynamic.

Also have an RSI filter in if possible but not necessary at this point.

100 pip stop.
---

Attached is the EA (beta1) and also a template displaying the indicators used in the default settings. If one is to change the settings for the TMA CENTERED or the MA´s this template is not valid and one would have to attach the correct indicators by themselves. RSI function is not yet implemented, I will do that tomorrow. Default settings are not optimal, they are just randomly entered.

NOT FOR USE ON LIVE ACCOUNTS AT THIS STAGE, BUGS ARE TO BE EXPECTED!!!

Explanation:

Short orders will be opened on next candle open if price > upper TMA band & FastMA crosses below SlowMA.
Long orders will be opened on next candle open if price < lower TMA band & FastMA cross above SlowMA.
SL, TP & BE can be set in points or by ATR.
Currently only one order can be open at a time. (In testing stage)
Currently only works with the smallest increment of lotsize your broker accept. (Noobie bankrupcy protection in testing stage)

Prerequisites:

TMA CENTERED in /experts/indicators folder
NB TMA EA.ex4 goes into /experts folder (attached)

Settings: (I skip the obvious)

Use_TF: Timeframe, you can choose another than your chart is displaying.
StretchEntryPoints: Tolerance in points for price to go inside bands to open order.
SL_Points+TP_Points+BE_Points: Set to 0 to use ADR, set any other value in points and it will be used.
SL_ATR+TP_ATR+BE_ATR: If above values are set to 0, theese values will be used instead. Double value to be entered (ie 2.0, 0.8 etc).
Slippage: Slippage in points, not in pips.
Magic: If you run several instances on the same pair change this to any unique number.
ATR_Timeframe: Timeframe for ATR calculation.
ATR_Period: Period for ATR calculation.
Draw_TMA: Draw lines on chart for TMA upper+lower+middle bands.

The rest should be pretty obvious.

Remember, this is a beta version and not a final release. Please run ONLY ON DEMO ACCOUNTS & STRATEGY TESTER. Test, test, and test some more and then come with your suggestions for changes. All requests are welcome even small things such as bad spelling or overall layout.

Credits for the system should go to NB + DuffyPratt (and perhaps bluemele), all I have done it put it into code.

I haven´t really tested it too much I just put it together today and wanted to post it before I go to bed. I work in the weekdays so will only be around in the evenings GMT-time.

NOT FOR USE ON LIVE ACCOUNTS AT THIS STAGE, BUGS ARE TO BE EXPECTED!!!

Best regards in your DEMO TRADING

/ McKeen
Attached File(s)
File Type: tpl nb tma ea.tpl   1 KB | 355 downloads
File Type: ex4 NB TMA EA beta2.ex4   14 KB | 361 downloads
  • #2,907
  • Oct 17, 2010 3:55pm Oct 17, 2010 3:55pm
I see that TallCoolOne made it before me

rofl
  • #2,908
  • Oct 17, 2010 4:03pm Oct 17, 2010 4:03pm
Nice McKeen,

I look forward to testing yours.

Good to have options.
  • #2,909
  • Oct 17, 2010 4:04pm Oct 17, 2010 4:04pm
Quoting McKeen
I see that TallCoolOne made it before me

rofl
Yes, funny how that works.

This looks good from initial tests. Unfortunately, I don't know the time I have this week to review it, but I am sure Duffy and others will give it a stab.

I just tested for GBPJPY with default settings on BT and it got 0.00 after 10 months. haha.. I don't even know what those settings were/are yet, so at least it isn't losing.
We are our own best indicator.
  • #2,910
  • Oct 17, 2010 4:09pm Oct 17, 2010 4:09pm
Quoting McKeen
First a sorry to NB for perhaps going on too hard, my intentions are not to insult you or flame your thread. I just felt these things were important and I felt you weren´t listening.

I am sorry.

Now on to the good part (to cure the wounds):
I have (after request from bluemele) created an EA for the TMA, the request from him looked like this:

---
I have some basic rules that DuffyPratt has spent many many hours putting together as well as myself replaying the simulator.

Basically, just a 1MA crossing outside the TMA bands with a x by...
I think like TCO's, it needs jumping stop, etc.. Just in case you catch a big one. Kind of like how everyone is running MPTM.

Just an example:

BE @ 20-30 pips range
BE pips = +0 - 5 range
Jumping Stop @ 30 - 50 pips etc...

This would help some.

---Oh, when I put in a hard SL/TP, I got 130 errors. Just FYI.
We are our own best indicator.
  • #2,911
  • Oct 17, 2010 4:20pm Oct 17, 2010 4:20pm
Quoting TallCoolOne
Nice McKeen,

I look forward to testing yours.

Good to have options.
I most definately agree, I look forward to testing yours!
  • #2,912
  • Oct 17, 2010 4:45pm Oct 17, 2010 4:45pm
Quoting bluemele

---Oh, when I put in a hard SL/TP, I got 130 errors. Just FYI.
Ooops.. It has been corrected, I had only tested it with the ATR in all haste...

I will look into the other changes later when we see which one will be used mostly. Mine or TCO´s. I think it would just be confusing with 2 different pieces.

/ McKeen
  • #2,913
  • Oct 17, 2010 4:57pm Oct 17, 2010 4:57pm
Quoting TallCoolOne
Hi Guys,

I wrote this from my basic skeleton EA. I added the TMA logic and the logic for the crossing the MAs. I didn't add the RSI function yet. If someone would like to do this, be my guest. This program has a tp and sl, jump stop, break even stop and trailing stop. They all work pretty well. I have this on backtester and seems to be taking trades as expected while watching in visual mode with Bob's template on the chart.
Hi again TCO,

after testing your version I wonder,

It seem to be opening orders between the bands, is it supposed to do that?
  • #2,914
  • Oct 17, 2010 5:14pm Oct 17, 2010 5:14pm
Quoting duffypratt
McKeen:

Instead of getting into a pissing contest, why don't you test the system?

I have tested various iterations of the system over different timeframes....
You are correct, I will switch my focus.

Could you please elaborate more on what methods you have used for tp´s, sl´s, be´s etc so that I can implement them in my version of the EA?

Thanks for your work with this.

/ McKeen
  • #2,915
  • Oct 17, 2010 6:31pm Oct 17, 2010 6:31pm
Quoting censura
when i load the template i dont get the bands as per your images i get something thast loks like as fork with the centre line ancored ata point about 100 bars back see attched
All I did was scroll back in time and the lines appeared on the screen.
  • #2,916
  • Oct 17, 2010 6:44pm Oct 17, 2010 6:44pm
Hi Folks !

A lot of discussion here.....
Stay focused and be disciplined !!!
Nanningbob has delivered a pot of gold here....
The only thing is to find it !!

Happy trading

Bernhard
  • #2,917
  • Oct 17, 2010 9:41pm Oct 17, 2010 9:41pm
Quoting McKeen
You are correct, I will switch my focus.

Could you please elaborate more on what methods you have used for tp´s, sl´s, be´s etc so that I can implement them in my version of the EA?

Thanks for your work with this.

/ McKeen
Stop loss is 80 on my tests.

Take profit is as follows. When price moves to 40 pips in the money, set stop to +30 in the money, then take profit either when MA1 crosses the opposite MA3 (for a short, its the MA3 based on lows; for a buy, the MA3 based on highs), or take profit when price crosses the opposite TMA band.

The exits are a combination of one method used in the MPTM and Bob's new BuySellClose EA.

Let me know if you have any questions.
  • #2,918
  • Oct 17, 2010 10:03pm Oct 17, 2010 10:03pm
Happy Monday Bob,
I am a bit of a new FF forum participant, though I have been around for quite some time. I came across your thread which I find amazing – so I got right to it and read your instruction files and loaded up your Indys & Templates. Almost 3,000 posts into your thread I hope you can tolerate some back-to-basics questions:
1. Though you prefer trading 4 hour charts, can this system technically be traded on any other TF? Will it work the same on a daily or even a 15 minute? It seems the Sixth Indicator still plots correctly.

2. The Sixth Indicator I downloaded from your first page plots in Blue and Red. When I changed the colors to Gold & Green, it goes right back to Blue & Red when I change TF. Is it the correct Indy version on your thread’s first page, as all attachments I have so far seen on your thread show it plotted in Gold & Green.

3. Does the Sixth Indicator divide the last 30 calendar days of price action into six equal levels? If so, the levels change when TF is changed – so I probably misunderstood this.

4. How do you overlay the MACD and Stochastics to get the Red, Blue, and White lines in the same window? I am using an FXPro Demo and couldn’t get this to work. Tech Support told me I couldn’t overlay them.

5. After reading your manual/instructions I couldn’t find any substantial or specific instructions on TP areas when trading the system. Is it possible for you to direct me to the right post if you put it on the thread or give me in brief the TP plan.

Thank You Very Kindly,
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #2,919
  • Oct 17, 2010 11:48pm Oct 17, 2010 11:48pm
hi,

Anyone here know how to convert this code to follow current time frame? Thanks.

Quote
Var1 = iMA(NULL, PERIOD_H4, 1, 0, MODE_LWMA, PRICE_MEDIAN,0);
Var2 = iMA(NULL, PERIOD_H4, 3, 2, MODE_LWMA, PRICE_LOW, 0);
Var3 = iMA(NULL, PERIOD_H4, 1, 0, MODE_LWMA, PRICE_MEDIAN,1);
Var4 = iMA(NULL, PERIOD_H4, 3, 2, MODE_LWMA, PRICE_LOW, 1);
  • #2,920
  • Oct 17, 2010 11:54pm Oct 17, 2010 11:54pm
Welcome, yes we seem to have drawn a crowd here. I will write my answers in red.

Happy Monday Bob,
I am a bit of a new FF forum participant, though I have been around for quite some time. I came across your thread which I find amazing – so I got right to it and read your instruction files and loaded up your Indys & Templates. Almost 3,000 posts into your thread I hope you can tolerate some back-to-basics questions:
1. Though you prefer trading 4 hour charts, can this system technically be traded on any other TF? Will it work the same on a daily or even a 15 minute? It seems the Sixth Indicator still plots correctly.

Yes it will work to a point on other TF however, you may find yourself on the wrong end of a trade near the center or even the opposite side of the screen. The reason I use the 4H is because to break the 6ths line it has to travel a long ways to get there. By that time, usually price has done most if not all of its run. You can then use the 2.4.2 recovery system. If you end up with trades in the middle or even the opposite side of the screen then you stand a good chance of the 2.4.2 recovery system to be overun and outdistanced by price movement. SO if you do decide to use it on a lower TF you will have to use the traditional SL placement somewhere in your trade. Your returns will then be lower but maybe successful. We have had people try this but we become most profitable on the 4H chart. That does not mean though that someone good on a lower TF with their background and experience couldnt do it. I know I cant because I am a lousy trader on lower TF.

2. The Sixth Indicator I downloaded from your first page plots in Blue and Red. When I changed the colors to Gold & Green, it goes right back to Blue & Red when I change TF. Is it the correct Indy version on your thread’s first page, as all attachments I have so far seen on your thread show it plotted in Gold & Green.

If you want different colors you will need to change it in the code. The colors are hard coded. Also when you change colors save it to a new template and use that template. That should also save your colors of choice. That is not difficult to do.

3. Does the Sixth Indicator divide the last 30 calendar days of price action into six equal levels? If so, the levels change when TF is changed – so I probably misunderstood this.

Yes the lines are based on the high and low of the screen, so when you change your screen the lines will readjust to whatever you have your screen to. I recommend the 4H showing at least the last 4-5 weeks on the screen. I like seeing what price has been doing for the last month and this helps in my decision making process. That is what I use. There is another version posted that uses the last 120 bars and the lines then wont change as you go from different points of view.

4. How do you overlay the MACD and Stochastics to get the Red, Blue, and White lines in the same window? I am using an FXPro Demo and couldn’t get this to work. Tech Support told me I couldn’t overlay them.
Just drag the sto indicator over the MACD indicator and that puts one window inside the other. I have done that with FXPRO so it is possible. You can also put MA lines inside an indicator by checking the first indicator in the choice drop down box.
5. After reading your manual/instructions I couldn’t find any substantial or specific instructions on TP areas when trading the system. Is it possible for you to direct me to the right post if you put it on the thread or give me in brief the TP plan.

There is a TP section in the RWB section of the manuals but basically it is when the white goes to the opposite side, blue goes to the opposite side, white or blue crossing each other or crossing the red MACD. OR you can use the BB middle or opposite line. How long you stay in a trade is dependent on the read you have on a currency. I tend to just take my profit everyday and not let them ride.

Thank You Very Kindly,
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