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Attachments: Ronnierott's 1 Hour Strategy
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Ronnierott's 1 Hour Strategy

  • #141
  • Feb 24, 2011 3:26pm Feb 24, 2011 3:26pm
GJ setting up, any takers?
  • #142
  • Feb 24, 2011 4:39pm Feb 24, 2011 4:39pm
Ok working on the EA now, got most of it functional. Just some testing. on EUR/USD. Its definently profitable for longs (last 2 years)

Just need to add the filter for the within 15/50 ema check.
  • #143
  • Edited 5:25pm Feb 24, 2011 4:39pm | Edited 5:25pm
GJ: I'm in sell stop 131.944

EDIT: I will be cancelling this sell stop if the next candle closes above the 15ema
Attached Image (click to enlarge)
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  • #144
  • Feb 24, 2011 5:21pm Feb 24, 2011 5:21pm
Quoting triptizine
Ok working on the EA now, got most of it functional. Just some testing. on EUR/USD. Its definently profitable for longs (last 2 years)

Just need to add the filter for the within 15/50 ema check.

Nice one Triptizine.

Could this be the icing on the cake......
  • #145
  • Feb 24, 2011 5:52pm Feb 24, 2011 5:52pm
Quoting ronnierott
Nice one Triptizine.

Could this be the icing on the cake......
Still working on it.. Longs only result below (since 1st Jan)
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  • #146
  • Feb 24, 2011 6:13pm Feb 24, 2011 6:13pm
i like manual trading.

Either way, this system rocks.

May god bless u with much pips and a healthy life.
after all, too much money without health is nothing.
  • #147
  • Feb 24, 2011 6:14pm Feb 24, 2011 6:14pm
Quoting ronnierott
Well guys & girls, since posting up the strategy less than 24 hours ago, I cannot believe the positive feedback that has been posted on this thread, and it is very much appreciated.............. Long may it continue.

I'd like to think that anything constructive relating to this method of trading would also be posted on the thread.

If people do have the time to try and improve the strategy then that'll be great for everyone. Examples being:- Would trailing stops work better than fixed TP etc etc.

Personally I'm overwhelmed with the positive...
orange babboon roxks!
  • #148
  • Feb 24, 2011 6:49pm Feb 24, 2011 6:49pm
Yes orange baboon definitely rocks.

Thanks to ronnierott for posting this method.

ronnierott, it would honour me if you used this image as your avatar
Attached Image
  • #149
  • Feb 24, 2011 6:57pm Feb 24, 2011 6:57pm
sig_buy=iMACD(NULL,0,35,70,1,PRICE_CLOSE,MODE_MAIN,1);
sig_sell=iMA(NULL,0,15,0,MODE_EMA,PRICE_CLOSE,1);
sig_high=iMA(NULL,0,50,0,MODE_EMA,PRICE_HIGH,1);
sig_low=iMA(NULL,0,50,0,MODE_EMA,PRICE_LOW,1);
a250ma0=iClose(NULL,0,1);
gappers1=iLow(NULL,0,1);
gapsum=iHigh(NULL,0,1);
a250ma4=iOpen(NULL,0,1);
a250ma1=(sig_sell>gappers1);
a100ma4=(sig_sell<gapsum);
a100ma3=(a250ma0>sig_sell);
macrationow=(sig_sell>sig_low);
macratioprev=(sig_sell<sig_high);
sig_sellnow=(macratioprev+macrationow);
sig_buynow=(sig_buy>0);

Logic:

if ((sig_buy>0) && ((a250ma1+a100ma4)>1) && ((macratioprev+macrationow<2))){

So for long:

If MACD > 0
If the last bar 15EMA is greater then the Low
If the last bar 15EMA is less then the high The touch/split
If the last bar close is not within the 50 EMA's

Then enter...

Now i need to work on the +10pip entry, and the 50pip check.
  • #150
  • Feb 24, 2011 7:11pm Feb 24, 2011 7:11pm
triptizine, your 101% dedication towards e thread, is out of e world. i cannot do anything, but to give u my 2 thumbs up for your effort!!
  • #151
  • Feb 24, 2011 7:32pm Feb 24, 2011 7:32pm
Quoting the-game
Yes orange baboon definitely rocks.

Thanks to ronnierott for posting this method.

ronnierott, it would honour me if you used this image as your avatar
Shine on you crazy diamond.
  • #152
  • Feb 24, 2011 7:56pm Feb 24, 2011 7:56pm
Quoting kedridder
triptizine, your 101% dedication towards e thread, is out of e world. i cannot do anything, but to give u my 2 thumbs up for your effort!!
Thanks buddy. More interested in the theory. Its got merit. The EA (will) trade, but I wouldnt recommend it.

Its more for a manual notification system. It still needs a lot work.
  • #153
  • Feb 24, 2011 8:10pm Feb 24, 2011 8:10pm
Quoting triptizine
Thanks buddy. More interested in the theory. Its got merit. The EA (will) trade, but I wouldnt recommend it.

Its more for a manual notification system. It still needs a lot work.

yeah, i only trust manual. since you're doing e programming, can u be as kind to allow e 100 PIPs SL to be a variable? cos i feel adjusting e 100 PIPs SL to maybe 50. but i don't know how to program. Once your EA is out, i can amend 100 to 50 and start e testing.
  • #154
  • Feb 24, 2011 8:14pm Feb 24, 2011 8:14pm
Quoting kedridder
yeah, i only trust manual. since you're doing e programming, can u be as kind to allow e 100 PIPs SL to be a variable? cos i feel adjusting e 100 PIPs SL to maybe 50. but i don't know how to program. Once your EA is out, i can amend 100 to 50 and start e testing.
List of functions in EA at the moment:

extern double Lots = 10;
extern int StopLoss = 0;
extern int TakeProfit = 0;
extern bool TradeAtCloseBar = false;
extern int TrailingStop = 0;
extern int TrailingStep = 0; //Trailing step
extern int BreakEven = 0;
extern int MagicNumber=34;
//For alerts:
extern int Repeat=3;
extern int Periods=5;
extern bool UseAlert=false;
extern bool SendEmail=true;

Got you covered. 100 PIPS is way to much i feel.

I have converted another EA into this one, so its got features we wont use, its dirty, not overally clean, but functional. lol.
  • #155
  • Feb 24, 2011 8:40pm Feb 24, 2011 8:40pm
Would any one think this system would work on longer time frames, particularly on D1. If so, any suggestions for adjustment to the H1 rules?
  • #156
  • Feb 24, 2011 9:36pm Feb 24, 2011 9:36pm
Ok, so here is the ea, its very early days for the ea mind you. It will trade. Be mindful of this.

Basic conditions at the moment:

Lot size is locked - AccountFreeMargin()*1/1000)/10


These all work:
Stop Loss
TakeProfit
TrailingStop
TrailingStep
BreakEven

All work, if you have a 5 digit broker it needs to be 1000 for 100pips.

No guarantees on my behalf. This was just to take a look at the theory and see if I can EA it. I am still learning, and this code has been modified from another EA. Thanks to the original peeps who coded this.

Its a starting point:

Basically the conditions for a order (at the moment are)

Long:

MACD > 0
Last Bar Low lower then 15ema
Last Bar High higher then 15ema
15ema not within 50EMA low or High.

I have not completed the +10 Pip Rule or the review of how far the 15EMA is from the 50EMA yet.

Short is the reverse..

IT IS SET TO CLOSE A TRADE IF A REVERSE CONDITION ARISES.

IE: YOUR LONG, AND A SHORT CONDITION ARISES, IT WILL CLOSE THE LONG AND OPEN A NEW SHORT.

--------------

Now onto the topic of dailys. I have seen a interesting pattern in back testing this.

A few options:

 

  1. Look for the trend in MACD, as this is determining which direction (long or short) - Maybe 2nd last bar v's Last Bar and determine direction!?
  2. Actually reverse this logic, and do not trade unless the Last bar HIGH/LOW is above from the 15ema (higher for long)

I have posted the ea to get people to think. See how you go.

It is profitable under certain conditions, it appears money management, stop loss, and trailings are the keys. But it does pick a good trend.

Attached File(s)
File Type: mq4 Ronnierott's_1_HourStrategy.mq4   35 KB | 673 downloads
  • #157
  • Feb 24, 2011 10:57pm Feb 24, 2011 10:57pm
Quoting the-game
Yes orange baboon definitely rocks.

Thanks to ronnierott for posting this method.

ronnierott, it would honour me if you used this image as your avatar

Nice one............. Cheers
  • #158
  • Feb 24, 2011 11:01pm Feb 24, 2011 11:01pm
Quoting mark0529
Would any one think this system would work on longer time frames, particularly on D1. If so, any suggestions for adjustment to the H1 rules?

Can't see a problem with longer timeframes, but obviously SL, TP and low/high of candle from 15 EMA would have to be re-evaluated.
  • #159
  • Feb 25, 2011 12:36am Feb 25, 2011 12:36am
Quoting triptizine
Ok, so here is the ea, its very early days for the ea mind you. It will trade. Be mindful of this.

Basic conditions at the moment:

Lot size is locked - AccountFreeMargin()*1/1000)/10


These all work:
Stop Loss
TakeProfit
TrailingStop
TrailingStep
BreakEven

All work, if you have a 5 digit broker it needs to be 1000 for 100pips.

No guarantees on my behalf. This was just to take a look at the theory and see if I can EA it. I am still learning, and this code has been modified from another...

many thanks!! what kind of test have u done so far, if any?
  • #160
  • Feb 25, 2011 1:46am Feb 25, 2011 1:46am
Alert: setup candle forming in sterling.
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