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5Min Intraday System

  • #7,181
  • Oct 15, 2010 10:28am Oct 15, 2010 10:28am
Quoting dpg03
Good afternoon. There, EA to trade this system?
Which one is working?
How to configure them?
Thank you.
Hi D

No, there is no EA for this system. I know there was one member working on it but I haven't heard from him again.

The first EA you've posted is just an EA to manage your trade after you've entered a trade manually.

The second EA I am not familiar with.

The third EA is providing signals for newbies who are not familiar with this system.

My personal opinion once again:

Too many false signals for an EA to be effective as this is a system on a 5min chart with sometimes many whipsaw movements. You need a human to make a decison.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,182
  • Edited Oct 16, 2010 1:12am Oct 15, 2010 2:53pm | Edited Oct 16, 2010 1:12am
Quoting Golfer
Hi D

No, there is no EA for this system. I know there was one member working on it but I haven't heard from him again.

The first EA you've posted is just an EA to manage your trade after you've entered a trade manually.

The second EA I am not familiar with.

The third EA is providing signals for newbies who are not familiar with this system.

My personal opinion once again:

Too many false signals for an EA to be effective as this is a system on a 5min chart with sometimes many whipsaw movements. You need a human...
Here we see that false alarms is not enough. The right signals many.Iz It follows that it is necessary to make a simple adviser on the opening positions .Good will be more than bad.Who E.A. be able to implement?
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  • #7,183
  • Edited 11:52am Oct 16, 2010 5:54am | Edited 11:52am
Specification
Condition:
1. EMA from 10. SMA c period 21 and 50.
2. SMA Angle with the following settings SMAPeriod = 50 AngleTreshold = 0.15 StartEMAShift = 2 EndEMAShift = 0
3. Phil_Nell_Signals with the following settings SMAPeriod = 50 Angle = 0.25

open positions: using graphics M5.

Buy
1. when SMA21 crosses SMA50 upwards and Phil_Nell_Signals delivers green – closing bars opened up (Buy) position, when the histogram indicator SMA Angle at the top (increasingly 0.1) and 21 EMA crosses from bottom to top level 0.1.
2. number of sessions = 2 (fig. 1)
3. Number of opened orders in each session, no more = 3
Sell
1.when SMA21 SMA50 downwards and is crossed by Phil_Nell_Signals takes the red signal – closing bars opened position down (Sell), when the histogram SMA Angle indicator in the lower part (0.1) and EMA crosses down level 21-0.1.
2. number of sessions = 2 (fig. 1)
3. Number of opened orders in each session, no more = 3
closed positions:
1. closing a buy position when SMA 21 crosses the SMA 50 top to bottom.
2. close the position when the SMA 21 Sell crosses the SMA 50 bottom-up.
3. Or at a profit
4. Or at sroploss
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  • #7,184
  • Oct 16, 2010 10:39am Oct 16, 2010 10:39am
Quoting Golfer
And the outcome of the trade - maybe just to close the news release. That is why I let the EA moved my SL to +3pips profit and it was triggered just after the news release.
What are your settings for the TVH cavmanager EA trade manager for this system.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #7,185
  • Edited 10:17am Oct 17, 2010 9:55am | Edited 10:17am
Last year I wrote filters for mine EA. The filter used angle of trend and the size of mouth an alligator.
It is a code piece made as the indicator.
Probably somebody will interest.
Attached File(s)
File Type: mq4 LarryTrend.mq4   5 KB | 567 downloads
  • #7,186
  • Oct 17, 2010 2:25pm Oct 17, 2010 2:25pm
Quoting Namrettik
What are your settings for the TVH cavmanager EA trade manager for this system.
I do use the default settings of the EA but I play (change) around with the SL and TP depending on the setup.
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,187
  • Oct 17, 2010 2:46pm Oct 17, 2010 2:46pm
Quoting dpg03
Specification
Condition:
1. EMA from 10. SMA c period 21 and 50.
2. SMA Angle with the following settings SMAPeriod = 50 AngleTreshold = 0.15 StartEMAShift = 2 EndEMAShift =...
Hi P

By all means - if you can develop an EA that works for you, great.

I did try to develop an EAP using software because I am not a coder. Don't understand it. I've just used the 10, 21 and 50MA in the develoment of my EA. The EA was not a success - so I left it alone. I even tested it using the strategy tester in mt4 without success.

Enjoy th trading
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,188
  • Oct 17, 2010 8:23pm Oct 17, 2010 8:23pm
Quoting Golfer
I do use the default settings of the EA but I play (change) around with the SL and TP depending on the setup.

Hello Golfer, I have downloaded your template and wanted to know what you use the .5 and -.5 level on the SMA Angle indicator for?
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #7,189
  • Oct 18, 2010 4:34am Oct 18, 2010 4:34am
Quoting Namrettik
Hello Golfer, I have downloaded your template and wanted to know what you use the .5 and -.5 level on the SMA Angle indicator for?
Hi M

Once again - I don't use additional indicators anymore, currently I am using the system as proposed by Phillip on the first few pages of this thread (I've just included some trendlines as well as support and resistance levels).

If I do remember correctly, it means that if the 21MA moves above or below the 0.5/-0.5 (or is is 0.4/-0.4) level, one needs to be careful. Price might start to turn around. But I might be mistaken.

You need to read the thread to make sure (if you want to use any of the additional indicators/EAs as posted on this thread - I cannot remember because I don't use it anymore).

Enjoy the trading
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,190
  • Oct 18, 2010 12:49pm Oct 18, 2010 12:49pm
I've just started my computer and I saw the nice run on the EURO. 3 possible setups I would have considered just because of price actions and NOT just because there was a pullback into the war zone. I need confirmation during the pullback into the war zone like my significant level, 3 consec higher lows or something similar. I don't just enter a trade because there is a pullback into the war zone.

Look at the very end of the move - very nice pinbar into the war zone but so close to the BRN. Not my type of setup.

I hope it make sense.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,191
  • Oct 18, 2010 12:56pm Oct 18, 2010 12:56pm
And on Cable right at this moment - what I would have like to see and how I would have planned to trade it.
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Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,192
  • Edited 3:17am Oct 19, 2010 2:56am | Edited 3:17am
Спецификация
Состояние:
1. EMA от 10. SMA с периодом 21 и 50.
2. SMA Угол со следующими настройками SMAPeriod = 50 = 0,15 AngleTreshold StartEMAShift = 2 EndEMAShift = 0
3. Phil_Nell_Signals со следующими настройками SMAPeriod = 50 Угол = 0,25
4. the distance between the sessions (eg) = 5 bar

открытые позиции: использование графики M5.

Купить
1. когда SMA21 кресты SMA50 вверх и Phil_Nell_Signals поставляет зеленый - закрытия баров открыл (купить) позицию, когда гистограмма индикатора SMA угол в верхней (более 0,1) и 21 EMA кресты снизу вверх уровень 0,1.
2. количество сессий = 2 (рис. 1)
3. Количество открытых заказов на каждой сессии, не более = 3
Продают
1.При SMA21 SMA50 вниз и пересекает Phil_Nell_Signals принимает красный сигнал - закрытие баров открытой позиции вниз (Sell), когда гистограмма SMA индикатор угла в нижней части (0,1) и ЕМА пересекает вниз уровень 21-0.1.
2. количество сессий = 2 (рис. 1)
3. Количество открытых заказов на каждой сессии, не более = 3
закрытых позиций:
1. закрытие купить положение, когда SMA 21 крестов SMA 50 сверху вниз.
2. закрыть позицию, когда SMA 21 Продаем кресты SMA 50 снизу вверх.
3. Или, по крайней прибыль
4. Или, по крайней sroploss
Translated without loss.
1. In controlled by the advisor level without losses (with each warrant of the foot are distributed so as to reduce the risk of loss. If necessary, you can include a translation function without loss when a certain level of profit in the custom points.
2. As advisor to provide an opportunity to establish any trailing stop.
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  • #7,193
  • Oct 19, 2010 6:46am Oct 19, 2010 6:46am
Quoting dpg03
Спецификация
Состояние:
1. EMA от 10. SMA с периодом 21 и 50.
2. SMA Угол со следующими настройками SMAPeriod = 50 = 0,15 AngleTreshold StartEMAShift = 2 EndEMAShift =...
Hi P

Sorry, but I don't understand a "word" of this message - only the last section but I stil don't know what the message is all about. Therefore, I cannot provide a comment.

Could you please post your messeage in English if you don't mind?

Thanks
Willem Forex recipe for success = Patience, discipline & hard work.
  • #7,194
  • Edited 9:15am Oct 19, 2010 9:00am | Edited 9:15am
Who's free to write a robot EA ????



Added : Translated without loss.


Specification
Condition:
1. EMA 10. SMA with a period of 21 and 50.
2. SMA Angle with the following settings SMAPeriod = 50 = 0,15 AngleTreshold StartEMAShift = 2 EndEMAShift = 0
3. Phil_Nell_Signals with the following settings SMAPeriod = 50 Angle = 0.25
4. The distance between the sessions (eg) = 5 bar

open positions: the use of graphics M5.

Buy
1. when SMA21 SMA50 crosses up and delivers Phil_Nell_Signals green - the closing bars opened (buy) position when the SMA angle histogram display at the top (over 0.1) and 21 EMA crosses upward the level of 0,1.
2. number of sessions = 2 (Fig. 1)
3. The number of open orders at each session, no more = 3
Sell
1.When SMA21 SMA50 down and crosses Phil_Nell_Signals takes a red signal - closing down the bars open position (Sell), when the histogram SMA angle indicator in the lower part (0,1) and EMA crosses down the level of 21-0.1.
2. number of sessions = 2 (Fig. 1)
3. The number of open orders at each session, no more = 3
Closed Positions:
1. Closing buy position when the SMA 21 SMA crosses down 50.
2. close the position when the SMA 21 SMA crosses Sell 50 upwards.
3. Or at profit
4. Or at sroploss
Translated without loss.
1. In controlled advisor level without losses (with each warrant legs spread so as to reduce the risk of loss. If necessary, you can enable the transfer without loss at a certain level of profit in the checkpoints.
2. As a consultant to provide an opportunity to install all the final stop.
Attached Image
  • #7,195
  • Edited 11:04am Oct 19, 2010 9:54am | Edited 11:04am
Golfer, many thanks to all your answers to my questions. I noticed in post 7190 you refer to candlestick formation "pinbar". I have been trading the basic set up located on the 1st page of this thred along with with the CandleIdentifier indicator located at the link below.

http://www.forexfactory.com/showpost.php?p=2913960

On the indicator I have pinbar, outsidebar and railroadtrack patterns set to identify "possible" entry candles for this strategy all other patterns are set to false for this indicator. I too am following the basic setup with just the 10EMA 21 EMA and the 50SMA and manually drawing the 5 min trendline. I found it helpful to have an indicator alerting me on the screen to "cue" me to look at the screen to check for a possible setups. It does a great job. There are probably other candlestick patterns to choose from but the three above are what I am using as they give you the best entry most of the time in my opinion. I tried engulfing patters but they are late entry and too numerous or require greater stoplosses when entering a trade. The other three give you better entries I thnk.

Let me know what you think. I will try to post a few screenshots tonght to demonstrate how I use the indicator.
Goal #1 Make Money, Goal #2 Don't Lose Money, Goal #3 Remember Goal #1
  • #7,196
  • Oct 19, 2010 7:10pm Oct 19, 2010 7:10pm
IMO, I think people should stop spending so much time with EA's and just learn how to trade first.

Then again I guess if you have a computer program that can make you money, you may not have to spend so much time on mastering your own psychology when it comes to the markets.

Put first things first - trading profitably.
  • #7,197
  • Oct 19, 2010 9:09pm Oct 19, 2010 9:09pm
Hi friends,
is the skype chat still going on for this system ? If yes I will PM my skype ID to Golfer.
  • #7,198
  • Oct 20, 2010 2:05am Oct 20, 2010 2:05am
Quoting stoli7188
IMO, I think people should stop spending so much time with EA's and just learn how to trade first.

Then again I guess if you have a computer program that can make you money, you may not have to spend so much time on mastering your own psychology when it comes to the markets.

Put first things first - trading profitably.
This is the result of manual trading.
I'm ready to lose 30%, not to trade hands.
Who writes EA ?
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  • #7,199
  • Oct 20, 2010 2:48am Oct 20, 2010 2:48am
Today.
In sessions 1 and 2 to open all of the signals.
I know what I'm saying.
By trading system 3.5 years.
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  • #7,200
  • Oct 20, 2010 8:48am Oct 20, 2010 8:48am
Hi N

Yes, I do agree with you. There are only a few patterns that work for me. The others do give signals but too late or either I don't understand the meganisms behid it. That is why I'll ignore them - because I need to understand a system in order to use it. I CANNOT just follow a set of rules and trade the forex market according to it. I need to understand WHY.

That is why I do get frustrated with members asking questions and clearly they did not put in any effort to study the system. I cannot explain the system in a few words. It is all about individual "feel for the market and system" as well as understanding.

Yes, if you do have a simple indicator that can alert you and it is working for you - great. Go for it.

The small intraday trendlines work for me - the same for my significant levels (previous support and resistance levels). But it might not work for a fellow trader as he/she won't understand it. i am just shaing it here on the thread - maybe somebody might benefit from it. That is the purpose of this thread.

I hope it make sense.

Enjoy the trading
Willem Forex recipe for success = Patience, discipline & hard work.
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