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  • #41
  • Edited Feb 24, 2011 2:15am Feb 23, 2011 12:02pm | Edited Feb 24, 2011 2:15am
Thanks for your system! My stoch does not have smooth curve lines like yours in pics, can you post your template/indicator please?

Thanks!
  • #42
  • Feb 23, 2011 9:05pm Feb 23, 2011 9:05pm
Hi Tothman, this looks like a good and clean system after a quick look at my charts, thanks for sharing.
When (and if, of course...) SteveHopwood code it, I will be glad to back and forward test it.
  • #43
  • Feb 24, 2011 9:07am Feb 24, 2011 9:07am
Toothman, for stochastic indicator, there are two lines: MAIN and SIGNAL, which one do you use? Thanks.
  • #44
  • Feb 24, 2011 10:35am Feb 24, 2011 10:35am
Hello,
Could you explain me what you mean when talk - HH & HL on trigger bar?
I can help with EA.
  • #45
  • Edited 12:54pm Feb 24, 2011 11:45am | Edited 12:54pm
Quoting misamisa
Toothman, for stochastic indicator, there are two lines: MAIN and SIGNAL, which one do you use? Thanks.
I've been using the signal line. Seems to allow more trades than main line because of the lag. I don't think it matters too much which one you use as long as you see the pullback in the stoch. and then start looking for the trigger candle. In fact, I'd like to test the results of just taking the first trigger bar break after a pullback of stoch regardless of whether stoch is still below 40 or above 60. Glad you asked though and I'll point that out in my first post.
  • #46
  • Feb 24, 2011 11:49am Feb 24, 2011 11:49am
Quoting dzhini
Hello,
Could you explain me what you mean when talk - HH & HL on trigger bar?
I can help with EA.
HH- higher high
HL- higher low
LH- lower high
LL- lower low
  • #47
  • Feb 24, 2011 12:08pm Feb 24, 2011 12:08pm
Hi Toothman

This looks interesting ,
I am presently working with 5min which sometimes proves to be a bit too much hands on,
I end up looking most of the day at charts and am getting a bit fed up of it

I was looking for a system to compliment a shorter TF and I too like 4HR , its not too long like once a day but on the other hand it goves you time to do other things
The shorter TF systems I want to use when I have the time on my hands , which isnt now unfortunately , unless i become a night owl
What pairs do you monitor for opportunities , most of them and also you mention that you have past results in post 5 but I did not see anything
Thank you for your contribution
When Steve creates the EA it will be good , to see if it has legs , from at least an entry point of view
  • #48
  • Feb 24, 2011 12:45pm Feb 24, 2011 12:45pm
Quoting peterporter
Hi Toothman

This looks interesting ,
I am presently working with 5min which sometimes proves to be a bit too much hands on,
I end up looking most of the day at charts and am getting a bit fed up of it

I was looking for a system to compliment a shorter TF and I too like 4HR , its not too long like once a day but on the other hand it goves you time to do other things
The shorter TF systems I want to use when I have the time on my hands , which isnt now unfortunately , unless i become a night owl
What pairs do you monitor for opportunities...
I should have said post # 10. I'm looking at all pairs with a reasonable spread. EA will help decide most profitable pairs possibly but it should work on any pair.
  • #49
  • Feb 25, 2011 9:07am Feb 25, 2011 9:07am
Steve, I PM'd you. If anyone is interested, and wants to do some testing for themselves, I'm doing some manual back testing on a simplified version of this strategy. Drop the MACD and the Stoch.Only look for a buy trigger candle when price has closed above the 50 SimpleMA. Definition of a trigger candle remains the same(post#1) as does the TP method. Price still has to break the trigger candle within next 3 bars. Don't get me wrong, I think the original entry method has merit and is profitable but this simplified entry (if as profitable) would make entries easier to see. Would also make programming an EA easier.
  • #50
  • Feb 25, 2011 11:26am Feb 25, 2011 11:26am
Yes, I understand. Could you show me it on the pic.

Quoting Toothman
HH- higher high
HL- higher low
LH- lower high
LL- lower low
  • #51
  • Feb 25, 2011 7:06pm Feb 25, 2011 7:06pm
Quoting dzhini
Yes, I understand. Could you show me it on the pic.
Yellow check mark- this candle has a higher high and higher low than previous candle.
Red check mark - this candle has a lower high and lower low than previous candle.
Attached Image (click to enlarge)
Click to Enlarge Name: 12.gif Size: 18 KB
  • #52
  • Edited 8:16pm Feb 25, 2011 7:29pm | Edited 8:16pm
So for the week I saw 10 possible trades looking at 17 pairs. Here was the rundown. This was using the original entry method.

USD/JPY - BE
EUR/JPY- BE, 2nd trade +74 floating
GBP/CHF - +112
CHF/JPY - -33
EUR/CHF - +86, 2nd trade floating at BE
GBP/JPY - -46
AUD/CAD - -39
EUR/GBP - -24

So you would have ended the week with +56 pips with +74 more still floating. A slow week but still would have made some money. I've seen weeks in my back testing that made close to +400 pips.
  • #53
  • Feb 25, 2011 9:09pm Feb 25, 2011 9:09pm
I went through the 17 pairs I traded this week and tested entry as described in post #49. Results +311 pips with +148 pips floating. Wow.
  • #54
  • Feb 26, 2011 5:46am Feb 26, 2011 5:46am
Well done Steve,

I'm subscribed I don't know how you do it I can hardly keep up with the new posts let alone you compiling another new EA,

Cheers Eamonn
  • #55
  • Feb 26, 2011 6:01am Feb 26, 2011 6:01am
I appreciate this. Looking forward to Monday to give it a test run.
  • #56
  • Feb 26, 2011 6:22am Feb 26, 2011 6:22am
I have added Matt's fix for the multiple-trades bug. Whilst doing this, I added the option to use T as a signals generator rather than trader.

If you downloaded before reading this, you might like to re-download to take advantage of the fix - I have been able to remove the sleep function.

  • #57
  • Feb 26, 2011 6:32am Feb 26, 2011 6:32am
Since you're still on here thought I'd mention this. The strategy calls for a full 1 pip break of the trigger candle. I'm trading 5 digits so I ignore any break that is less than a pip. I can probably adjust the code (haven't looked at it yet) to do this. Also, and this is important, the break has to happen within the next 3 bars after the trigger bar or I start looking for another trigger bar. You didn't mention that so I'm not sure if you programed it that way.thanks
  • #58
  • Edited 8:50am Feb 26, 2011 8:03am | Edited 8:50am
Quoting Toothman
Since you're still on here thought I'd mention this. The strategy calls for a full 1 pip break of the trigger candle. I'm trading 5 digits so I ignore any break that is less than a pip. I can probably adjust the code (haven't looked at it yet) to do this.
I have added a new input so people can play with this: MinCandleBreak, defaults to 1 pip.

Quote
Also, and this is important, the break has to happen within the next 3 bars after the trigger bar or I start looking for another trigger bar. You didn't mention that so I'm not sure if you programed...
Yes I did. The logic might be faulty, so watch it on demo on Monday and check.

  • #59
  • Feb 26, 2011 8:12am Feb 26, 2011 8:12am
Quoting SteveHopwood
Yes I did. The logic might be faulty, so watch it on demo on Monday and check.

Thanks piano man.
  • #60
  • Feb 26, 2011 10:06am Feb 26, 2011 10:06am
Good job, guys.

As hard as I try to stick to my beloved M1 scalping, I get seduced to get familiar with higher TF trading.

Have it setup on a brand new platform, where there is no M1/M5 stuff yet
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