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  • #601
  • Oct 19, 2010 10:19pm Oct 19, 2010 10:19pm
Quoting spgandau
#7 SH sell 25.2.3 with reentry line.mq4

line 171 - line 180:...
OK, I am learning! I have finally figured this out! I had originally thought that a "cross" was when the MA crossed the upper BB. That concept is not true for this #7 sell EA. A "cross" is considered to have occured when the bid is lower than the upper BB and the MA is still above the upper BB.
  • #602
  • Oct 20, 2010 2:02am Oct 20, 2010 2:02am
Quoting spgandau
OK, I am learning! I have finally figured this out! I had originally thought that a "cross" was when the MA crossed the upper BB. That concept is not true for this #7 sell EA. A "cross" is considered to have occured when the bid is lower than the upper BB and the MA is still above the upper BB.

EA7 will trigger when the 1MA crosses the Shifted BB (25.2.3).
  • #603
  • Oct 21, 2010 7:28am Oct 21, 2010 7:28am
Me again

So I tested v5.3 #1 and #2 ea's getting use to the system (successfully used my first recoveries and feeling good about it ). I would like to extend my knowledge and being able to trade without being in front of my screen as often as I do now. I don't understand a thing about MPTM, where should I read about that ??

Thanks a lot
  • #604
  • Oct 21, 2010 11:19am Oct 21, 2010 11:19am
Quoting Muten
I don't understand a thing about MPTM, where should I read about that ??

Thanks a lot
http://www.forexfactory.com/showpost...99&postcount=1
  • #605
  • Edited Oct 23, 2010 8:18pm Oct 22, 2010 8:40pm | Edited Oct 23, 2010 8:18pm
Quoting Zr-fx
EA7 will trigger when the 1MA crosses the Shifted BB (25.2.3).
Refer to a code snippet from the #7 SH BUY 25.2.3 5_3 with reentry line code below:

// MOVING AVERAGE
Var1 = iMA(NULL, PERIOD_H4, 1, 0, MODE_LWMA, PRICE_MEDIAN, 1);
Var2 = iBands(NULL, PERIOD_H4, 25, 2, 3, PRICE_CLOSE, MODE_LOWER, 1);

BbLower = iBands(NULL, PERIOD_H4, 25, 2, 3, PRICE_CLOSE, MODE_LOWER, 0);
BbUpper = iBands(NULL, PERIOD_H4, 25, 2, 3, PRICE_CLOSE, MODE_UPPER, 0);

RefreshRates();


if (Bid > BbLower && Var1 < Var2)
{
...... code to make the order.....
{ RobotSuspended = true;
Alert(Symbol() + " NB EA has sent a trade and suspended itself");
}//if (result && UseSafetyFeature)

NOTICE: Var1 is the 1MA and Var2 is the BBlower band. Var1 is specifically checked to be outside (lower than) the BB and the BID is checked to be inside (higher than) the BB lower line.
Refer also to the graphic of my recent transaction today (small green dot/arrow lower right). See that the trade was triggered when the bid was just inside the BB lower line, and yet the 1MA never touched it.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy20101021.jpg Size: 103 KB
  • #606
  • Oct 26, 2010 9:36am Oct 26, 2010 9:36am
I read somewhere that if white line moves and blue line doesn't, get out
Is it true the other way around ?

Another question about MPTM, why do you use it ? Do I understand well : it manages open trades, I only use TP atm (and a SL at 450pip just to say there is one), and I don't see why I would need more.
Even in recovery mode, I can easily set a TP/SL at BE.
I know there is something I don't get here...

Thx a lot !

Myfxbook : http://www.myfxbook.com/members/Mute...g-system/54730
If anyone has the time to take a look and would have comments (like if you see that I don't use the system right ), I would love it.
  • #607
  • Oct 27, 2010 5:37am Oct 27, 2010 5:37am
Quoting Muten
I read somewhere that if white line moves and blue line doesn't, get out
Is it true the other way around ? ..............
Hi Muten,

The "other way round" is unlikely to happen because both the white and blue lines are stochastic indicators and the white one is based on a smaller number of bars compared to the blue indi. This means that the white line will always be more responsive to price movement while the blue line will be the more "sluggish".

Regards,

Mike.
  • #608
  • Oct 27, 2010 6:08am Oct 27, 2010 6:08am
Quoting Muten

Another question about MPTM, why do you use it ? Do I understand well : it manages open trades, I only use TP atm (and a SL at 450pip just to say there is one), and I don't see why I would need more.
Even in recovery mode, I can easily set a TP/SL at BE.
I know there is something I don't get here...
Muten, Its probably a case of personal preference. I also don't use the MPTM. I believe that it is mainly a trailing stop manager, designed to kick in at a certain profit level. This trigger level is configurable by the user, as is the "breathing room" between current price and actual stop level. I dare say that the trade manager is good for those folk who cannot monitor their trades very much during the day.

I tend to have a look at my trades every 2 or 3 hours and if any are in reasonable profit, like greater than 15 - 20 pips, then I close them. sometimes I'll get 70 pips but more often they are in the 20s and 30s. I'm not advocating that you do the same but I find that it works for me. I made 15% last month but only 8% this month on demo account. I think those profits are quite acceptable!

Perhaps someone needs to convince me that using the MPTM will increase my profits but I believe that you have to fine tune the settings for each pair to get optimum results and it probably takes a while to obtain the best settings. I invite further comment from others on this topic as I may be way off track here.

Regards,

Mike
  • #609
  • Oct 29, 2010 6:20pm Oct 29, 2010 6:20pm
thx for the answer, helps a lot.
I can't check my trades during the day, maybe I should learn more about MPTM. It still feels to me this system could work like that thanks to the ea's.
  • #610
  • Nov 1, 2010 4:29am Nov 1, 2010 4:29am
Hi muten,
your myfxbook looks great..which version and Ea are you using? Do you trade it manually or fully automated?
regards,



Quoting Muten
I read somewhere that if white line moves and blue line doesn't, get out
Is it true the other way around ?

Another question about MPTM, why do you use it ? Do I understand well : it manages open trades, I only use TP atm (and a SL at 450pip just to say there is one), and I don't see why I would need more.
Even in recovery mode, I can easily set a TP/SL at BE.
I know there is something I don't get here...

Thx a lot !

Myfxbook : http://www.myfxbook.com/members/Mute...g-system/54730
If anyone has the time to take a...
  • #611
  • Nov 1, 2010 10:51am Nov 1, 2010 10:51am
Hi

Brijon has posted links to a good basic free forex course in his 3MW site and many people may find it beneficial. You can find it here http://www.forexfactory.com/showthre...242404&page=53

Kind Regards
  • #612
  • Last Post: Edited 6:43am Nov 23, 2010 4:06am | Edited 6:43am
Quoting footy
Hi muten,
your myfxbook looks great..which version and Ea are you using? Do you trade it manually or fully automated?
regards,
Hi ! Sry very late reply I was away from the charts this month due to moving to a new place and waiting the internet for ages. That's also why I had to close some trades outside of the rules.

Anyway, using v5.3 with bob's EA only (1 and 2 in fact I enter manually for EA's 3 and 7).
Can't wait for a release of v6 but don't want to jump in before it's out, I would have a hard time feeling confident in what I do..
So cool it's using SL, being away from my screen for 10hours a day it might be better using those..

As the main topic is on v6 atm, would it be ok to post trades here ? Don't know if someone would review but that would be awesome.
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