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The Small Hours Simplified - Coding only

  • #101
  • Feb 19, 2011 3:38pm Feb 19, 2011 3:38pm
Ok, got some new updates i've been working on:

-drawing lines on entry, sl and tp levels
-draw box around 5 or 3 bars (for 3MW system)
-select old or new rules (if you have draw lines enabled, it will automatically switch to the right lines)
-daily trend indication

Indicator:
Attached File(s)
File Type: mq4 Small Hours v3.mq4   20 KB | 312 downloads

Screenshot:
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2011-02-19 om 22.33.26.jpg Size: 180 KB
  • #102
  • Edited 11:09pm Feb 19, 2011 5:31pm | Edited 11:09pm
Quoting Indrek
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.
Might not be good enough for you, but it is for me

It's really up to the individual and their comfort level.
I'm not too greedy therefore I am comfortable to miss trades, besides I trade the H1, H4 and Daily timeframes with my method.

Heck, I'm sure this will work on Weekly.
Although, three time frames are more than enough for my lifestyle!

So that will more than make up the missed trades with my method.
  • #103
  • Feb 19, 2011 6:54pm Feb 19, 2011 6:54pm
Quoting ido370
Ok, got some new updates i've been working on:

-drawing lines on entry, sl and tp levels
-draw box around 5 or 3 bars (for 3MW system)
-select old or new rules (if you have draw lines enabled, it will automatically switch to the right lines)
-daily trend indication
Thanks Ido. Daily trend is based on what?
  • #104
  • Feb 20, 2011 4:53am Feb 20, 2011 4:53am
Quoting forexgame
Thanks Ido. Daily trend is based on what?
only if close of bar[1] is higher then bar[2].
  • #105
  • Feb 20, 2011 9:38pm Feb 20, 2011 9:38pm
Hi all,
Just checking in to see if anyone caught this setup or if I'm doing this right.
All comments much appreciated.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: audjpy4hr 10.pm.gif Size: 36 KB
  • #106
  • Feb 21, 2011 1:20am Feb 21, 2011 1:20am
Quoting forexferrari
Hi all,
Just checking in to see if anyone caught this setup or if I'm doing this right.
All comments much appreciated.
Cheers.
not right, not a valid signal (rule1 is not completed yet). ALso download latest version from this thread of indicator, i think you're using an old one.
  • #107
  • Feb 21, 2011 4:03am Feb 21, 2011 4:03am
Clarification (Second time....)
========================
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
  • #108
  • Feb 21, 2011 4:11am Feb 21, 2011 4:11am
Quoting chehab
Clarification (Second time....)
========================
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
setup bar is bar 5. for 3 bars, the last bar is bar 3, and you have 2 previous.
  • #109
  • Feb 21, 2011 7:47am Feb 21, 2011 7:47am
Quoting ido370
setup bar is bar 5. for 3 bars, the last bar is bar 3, and you have 2 previous.
----------------------
I like to thank u for your prompt rely
That was sufficient.
rgds
  • #110
  • Feb 21, 2011 8:13am Feb 21, 2011 8:13am
Quoting Indrek
Is it reasonable to keep two threads active about one and the same system? Initially one was meant for coding and another for the system but now I see that some people post charts here...
We are posting charts to validate the indicator that is under construction here in this thread.
  • #111
  • Edited 6:04pm Feb 21, 2011 2:54pm | Edited 6:04pm
little update in code:
changed daily trend detection into EMA34-RGB method as used by Raghee Horner. So not only on Daily timeframe, but also on other timeframes it gives the trend better.

I think for so far, this indicator is finished. Ofcourse, if any more bugs are found, i'll fix them as soon as possible.

Today i started working on a candle pattern detector, so gonna take some time to put all patterns in. And who knows, maybe one day i can put all together to get a great indicator....

Good luck trading Small Hours strategy to all, and thanks for Colostarr for sharing

Attached File(s)
File Type: mq4 Small Hours v3a.mq4   21 KB | 352 downloads
  • #112
  • Feb 21, 2011 3:04pm Feb 21, 2011 3:04pm
Thanks for your time and efforts Ido

Would you mind posting a link to the EMA34-RGB trend detection method?
  • #113
  • Edited 5:10pm Feb 21, 2011 4:23pm | Edited 5:10pm
Quoting the-game
Thanks for your time and efforts Ido

Would you mind posting a link to the EMA34-RGB trend detection method?
it's also in the ibfx tools (since she work(s/ed) there: http://www.ibfx.com/Tools/GRaB. (i use this one)
also download here: http://ragheehorner.com/download-the...ug-in-for-mt4/

What it does:
At the base there are 3 34 periods (fibonacci based) exponential moving averages
Ema exp. 34 HIGH, Ema exp. 34 CLOSE, Ema exp. 34 LOW, but the most important thing is the color of the bars that give an idea of the direction of prices by eliminating much of the noise that makes it more transparent analysis capabilities: Candles Long...Candles Range....Candles Sell.

Also i add the 200SMA as support/resistance.

so this i how it looks:
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2011-02-22 om 00.09.22.png Size: 61 KB
  • #114
  • Feb 21, 2011 5:11pm Feb 21, 2011 5:11pm
Awesome thank you so much. Now my charts look colourful and exciting
  • #115
  • Feb 21, 2011 5:44pm Feb 21, 2011 5:44pm
Hi Ido,

It would please me if you would make this change throughout your code:

Whenever there is this line (or vice-versa for sell condition):

Inserted Code
setupclose>sma20||setupclose>sma40

Please put brackets around them, as any "AND" (&&) operations combined with this will have incorrect logic:

Inserted Code
(setuphigh<hh5&&setupclose>sma20||setupclose>sma40)



This is what I mean by wrong logic:

Inserted Code
hhll5<atrcalc&&setupclose<sma20||setupclose<sma40&&setuplow>ll5

As it is actually trying to see if the following condition is true because OR operations precede AND operations, and hence group them that way like so:

Inserted Code
//Pseudocode
hhll5<atrcalc AND setupclose<sma20
                   OR
setupclose<sma40 AND setuplow>ll5

With the brackets it will be correct like this:

Inserted Code
//Pseudocode
hhll5<atrcalc AND (setupclose<sma20 OR setupclose<sma40) AND setuplow>ll5

Reference: http://docs.mql4.com/basis/operations/rules
  • #116
  • Feb 21, 2011 6:05pm Feb 21, 2011 6:05pm
Quoting the-game
Hi Ido,

It would please me if you would make this change throughout your code:

Whenever there is this line (or vice-versa for sell condition):....
fixed and re-uploaded.
  • #117
  • Feb 21, 2011 7:16pm Feb 21, 2011 7:16pm
hi ido is it possible for you to make an ea too.thank you
  • #118
  • Feb 21, 2011 8:28pm Feb 21, 2011 8:28pm
Good looking out ido,I know raghee horner's high low close 34ema rainbow very well she did a couple of seminars for interbank explaining,I remember she said the rainbow is based on volatility,don't trade when price is inside rainbow,great work to incorporate into this indy
  • #119
  • Edited 7:41am Feb 22, 2011 7:10am | Edited 7:41am
Is it possible for the shaded box to stay put if there is a valid signal? If we have all green or red lights then that box becomes permanent?

And if I change time frames a couple of bars after the box formed, from 4hr to another TF and back again, then the box moves to a new position. So not sure if it should be refreshing itself or if I shouldn't be changing TF's while waiting for a setup.

thx,
todd
  • #120
  • Feb 22, 2011 11:45am Feb 22, 2011 11:45am
Quoting james629
hi ido is it possible for you to make an ea too.thank you
Could be done easily, just place the ordersend command below the alert. Maybe i'll do this later this week if i have time.
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