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The Small Hours Simplified - Coding only

  • #81
  • Feb 17, 2011 10:15pm Feb 17, 2011 10:15pm
Colostarr has suggested new TP1 and TP2 that he personally uses as he likes trades finished quicker.

TP1 = 0.5*ATR of last closed candle
TP2 = 0.75*ATR of last closed candle
  • #82
  • Feb 17, 2011 10:17pm Feb 17, 2011 10:17pm
Noticed you didn't have a stop loss in this picture. Was it because you had already moved it to BE?

Quoting ido370
Not annoying, glad you're here and willing to bughunt
I updated it directly and re-uploaded back in post. thanks so much!

Just took this trade with you corrected entry/tp/sl on the H1 EURUSD:
Attachment

and out again with +53 pips nice quick trade
  • #83
  • Feb 17, 2011 10:18pm Feb 17, 2011 10:18pm
Yes find it here: http://www.forexfactory.com/showthre...=281081&page=3

Quoting the-game
Colostarr has suggested new TP1 and TP2 that he personally uses as he likes trades finished quicker.

TP1 = 0.5*ATR of last closed candle
TP2 = 0.75*ATR of last closed candle
  • #84
  • Feb 17, 2011 10:29pm Feb 17, 2011 10:29pm
Quoting Colostarr
Noticed you didn't have a stop loss in this picture. Was it because you had already moved it to BE?
I can see it... it's the red dashed line below the green dashed line.
  • #85
  • Feb 18, 2011 4:51am Feb 18, 2011 4:51am
If there will be a next version to the indicator then it would be nice to have options to choose SL and TP according to own taste. Colostarr does not recomment the tight version of SL (0.764 of 3 candle range) any more. Would be nice to choose whatever SL and TP anyone wants to have.
Thanks to the good coders in advance!
  • #86
  • Feb 18, 2011 12:31pm Feb 18, 2011 12:31pm
here it is indrek. you can choose new or old sl and tp levels (separatly).

and while it does not belong to Colostarr's small hours strategy, i placed a notification for inside bars in it. Can also be enabled/disabled

have fun, great weekend everybody!

Attached File(s)
File Type: mq4 Small Hours v3.mq4   13 KB | 359 downloads
  • #87
  • Feb 18, 2011 12:59pm Feb 18, 2011 12:59pm
NICE, NICE, good job

Installed it on M5 and worked fine.

Sorry, but am a devote M1/M5 trader.
  • #88
  • Feb 18, 2011 1:00pm Feb 18, 2011 1:00pm
Quoting ido370
here it is indrek. you can choose new or old sl and tp levels (separatly).

and while it does not belong to Colostarr's small hours strategy, i placed a notification for inside bars in it. Can also be enabled/disabled

have fun, great weekend everybody!

Attachment
Thank you! Great weekend to you also!
  • #89
  • Feb 18, 2011 1:19pm Feb 18, 2011 1:19pm
Caught a couple while at the computer today...

USDJPY and AUDUSD are still open. Closed a USDCHF short trade for 32 pips earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY-20110218.jpg Size: 247 KB
  • #90
  • Feb 18, 2011 1:22pm Feb 18, 2011 1:22pm
Quoting ido370
here it is indrek. you can choose new or old sl and tp levels (separatly).

and while it does not belong to Colostarr's small hours strategy, i placed a notification for inside bars in it. Can also be enabled/disabled

have fun, great weekend everybody!

Attachment
Have a great weekend also!

Just had a look at my account statement

Heaps of pretty green lights and one red light so far

I'm using one trade double lots tp=atr*0.5 and original SL placement.

Works beautiful on the Daily chart... Strongest signals for me so far.
  • #91
  • Feb 18, 2011 2:20pm Feb 18, 2011 2:20pm
Quoting the-game
Have a great weekend also!

Just had a look at my account statement

Heaps of pretty green lights and one red light so far

I'm using one trade double lots tp=atr*0.5 and original SL placement.

Works beautiful on the Daily chart... Strongest signals for me so far.
Great idea. just placed it in:
Attached File(s)
File Type: mq4 Small Hours v3.mq4   14 KB | 368 downloads


You can set ATR multiplier for TP and SL separately. Also changed location of Arrow code to move with high/low[0] of bar , so arrow of signal keeps visible all time.
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2011-02-18 om 21.17.33.png Size: 36 KB
  • #92
  • Feb 18, 2011 9:30pm Feb 18, 2011 9:30pm
Would be curious to see your success rate with M1/M5. Personally I have never gone below 1H. Do you have any trades or examples you can post?

Quoting Freddyfx
NICE, NICE, good job

Installed it on M5 and worked fine.

Sorry, but am a devote M1/M5 trader.
  • #93
  • Feb 18, 2011 9:33pm Feb 18, 2011 9:33pm
Fantastic~ Good to see this method branching out!

I did see both of those signals - but ignored them both. Not a big fan of trading on Fridays. EURUSD a prime example of that yesterday!

Nice trades brother! Keep them coming!

Quoting crodzilla
Caught a couple while at the computer today...

USDJPY and AUDUSD are still open. Closed a USDCHF short trade for 32 pips earlier.
  • #94
  • Feb 18, 2011 9:44pm Feb 18, 2011 9:44pm
Awesome!

You guys have turned this thing into a BEAST! Great job Gentlemen!

Quoting the-game
Have a great weekend also!

Just had a look at my account statement

Heaps of pretty green lights and one red light so far

I'm using one trade double lots tp=atr*0.5 and original SL placement.

Works beautiful on the Daily chart... Strongest signals for me so far.
  • #95
  • Feb 19, 2011 5:58am Feb 19, 2011 5:58am
Hi
I am a bit confused and

My question is on how to locate the 5 bars--

is it : setupbar + 4 previous bars ?

or, setupbar + 5 previous bars ?

----------------------------
Same question if for 3 bars
is it setupbar +2 bars---------or, setupbar + 3 bars
--------------------------------

Thanks
  • #96
  • Feb 19, 2011 12:21pm Feb 19, 2011 12:21pm
Quoting ido370
Great idea. just placed it in: Attachment

You can set ATR multiplier for TP and SL separately. Also changed location of Arrow code to move with high/low[0] of bar , so arrow of signal keeps visible all time.
Attachment
It seems to me that the indicator looks at only SMA20 for direction. If the signal candle closes under SMA20 then it shows red and if above then green, no matter the relation with SMA40.
Is it so?
  • #97
  • Feb 19, 2011 12:46pm Feb 19, 2011 12:46pm
Quoting Indrek
It seems to me that the indicator looks at only SMA20 for direction. If the signal candle closes under SMA20 then it shows red and if above then green, no matter the relation with SMA40.
Is it so?
its according to rules, sma20 OR sma40 don't ask me why, ask collostarr.
Maybe trades can be taken if above/below SMA20, but have higher probability to reach TP when above/below SMA40?
  • #98
  • Edited 1:21pm Feb 19, 2011 1:01pm | Edited 1:21pm
Quoting ido370
its according to rules, sma20 OR sma40 don't ask me why, ask collostarr.
Maybe trades can be taken if above/below SMA20, but have higher probability to reach TP when above/below SMA40?
It is according to half of the rules
I think, the signal is strongest when both SMAs are considered. Is it possible to provide such option in settings - use only SMA20 or both?
  • #99
  • Feb 19, 2011 1:51pm Feb 19, 2011 1:51pm
I personally have been running a modified rule 3:

Buy: 20sma > 40sma AND close of prev candle above 40sma
Sell: 20sma < 40sma AND close of prev candle below 40sma
  • #100
  • Feb 19, 2011 1:57pm Feb 19, 2011 1:57pm
Quoting the-game
I personally have been running a modified rule 3:

Buy: 20sma > 40sma AND close of prev candle above 40sma
Sell: 20sma < 40sma AND close of prev candle below 40sma
It is very logical but not good enough to my mind. We simply miss trades that occur when SMAs are not in "right order".
The problem is that SMA20 and SMA40 are too slow for estimating the trend, especially on higher timeframes. We would need sth like EMA10 and SMA20 for this.
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