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

  • #181
  • Edited 6:09am Feb 25, 2011 5:55am | Edited 6:09am
Quoting ronnierott
Hi Pete,

For those lucky enough to be able to monitor more closely, this strategy works well on the M15 timeframe.

Here's my settings that I use when I'm able to trade M15:-

SL & TP - 20 pips

Max distance of high/low from 15 EMA - 12 pips

Enter 3 pips above/below the high/low of candle

(Don't forget to add spread to buy orders)
Excellent , just read the whole thread
Looks like it is gonna be my new puppy
One thing , saw an indicator flying about RonnieRot system indi
We could adjust that to set an alert also when it touches the 15EMA for the first time after (so many bars of so and so of not touching) to alert the user on a potential trade
Have not really had time to look at EA but can imagine that functionality is already within

Why do I always seem to find great threads on Friday afternoons
and not Sunday nights
  • #182
  • Feb 25, 2011 6:02am Feb 25, 2011 6:02am
I have been playing with the EA, i have some pretty decent data here and its not overally profitable.

Unless I am missing a key point of reference, here are my observations.

Its missing the key trend a lot of the time, you see the trend go long, but the intial move (where the high and low are over the 15ema) is usually when the 15 ema is in the 50EMA High / Low.

Based on the rules thats not a trade.

Continuing on, you see the trend, usually in teh range of 100pips or so. Sometimes quite a lot higher. But then it will reverse, and thats where you get caught out with a EA, as it whipsaws and then goes south.

While I do not doubt as a manual system it will be ok. As a EA its going to need a few more filters I believe. The other issue is Stops and TP. Finding a sweet spot seems to be hard work.

----------

Side Note:

Same Rules except
15 EMA
30 EMA High and Low instead of 50,

EUR/USD
Would have turned 10k into 24k from Jan 2007 to Today.

62% Long Winners
58% Short Winners

100pip Stop Loss
50pip Trailing Stop
5pip Trailing Step
  • #183
  • Edited 6:22am Feb 25, 2011 6:11am | Edited 6:22am
Quoting triptizine
I have been playing with the EA, i have some pretty decent data here and its not overally profitable.

Unless I am missing a key point of reference, here are my observations.

Its missing the key trend a lot of the time, you see the trend go long, but the intial move (where the high and low are over the 15ema) is usually when the 15 ema is in the 50EMA High / Low.

Based on the rules thats not a trade.

Continuing on, you see the trend, usually in teh range of 100pips or so. Sometimes quite a lot higher. But then it will reverse, and thats where...

Yeh as in any system I think you still have to think of SR levels and reversals , which are nigh on impossible to filter, its at the discrection of the Trader for exits which is the case for alot of the EA not functioning aswell as the manual method, I tend to use them more for just the entries
  • #184
  • Feb 25, 2011 6:16am Feb 25, 2011 6:16am
Please someone change my these single colored moving average indicators,both of them , to a color changing one so that they should change the color according to the trend. Thanks in advance .
Attached File(s)
File Type: mq4 JMA_StarLight.mq4   12 KB | 384 downloads
File Type: mq4 #MTF_MovingAverage.mq4   4 KB | 356 downloads
Human
  • #185
  • Feb 25, 2011 6:30am Feb 25, 2011 6:30am
Quoting triptizine
I have been playing with the EA, i have some pretty decent data here and its not overally profitable.

Unless I am missing a key point of reference, here are my observations.

Its missing the key trend a lot of the time, you see the trend go long, but the intial move (where the high and low are over the 15ema) is usually when the 15 ema is in the 50EMA High / Low.

Based on the rules thats not a trade.

Continuing on, you see the trend, usually in teh range of 100pips or so. Sometimes quite a lot higher. But then it will reverse, and thats...

thanks for e info. i cant say how much i'm grateful for e piece of stats above. do u mean, e parameter u used, is 30ema instead of 50ema?

if 50ema is used, what's will e result be?
  • #186
  • Edited 6:44am Feb 25, 2011 6:33am | Edited 6:44am
Quoting kedridder
thanks for e info. i cant say how much i'm grateful for e piece of stats above. do u mean, e parameter u used, is 30ema instead of 50ema?

if 50ema is used, what's will e result be?
50ema, cleaned the account out. 30ema was profitable. 50ema was under 50% winners.

I am also getting a lot better results going long only.. FYI.

I agree with peterporter, getting in is fine, getting out (or not getting in when its about to turn) is the key here. You can see it in Visual EA mode. I dont want to cram the thread, but the EA is a good way of testing a method (in the past) so just attempting to add some value to the thread, would love to see other outcomes!
Attached Image (click to enlarge)
Click to Enlarge Name: moreresults.JPG Size: 108 KB
  • #187
  • Feb 25, 2011 6:46am Feb 25, 2011 6:46am
Quoting triptizine
50ema, cleaned the account out. 30ema was profitable. 50ema was under 50% winners.

I am also getting a lot better results going long only.. FYI.

I agree with peterporter, getting in is fine, getting out (or not getting in when its about to turn) is the key here. You can see it in Visual EA mode. I dont want to cram the thread, but the EA is a good way of testing a method (in the past) so just attempting to add some value to the thread, would love to see other outcomes!


i see. i'm testing out e original 50ema channel and 15ema on a 15M TF, EURUSD pair. manual backtesting, ie.

Initial result from 16th feb to 23rd feb 2011 (during 0600gmt to 1800gmt), yield 5 winners and 2 losers, out of 7 trades. this is based on 20 pips TP and SL.

i'm v curious what's e outcome if i use 30ema.

give me an hour, i should have e result posted in e thread.
  • #188
  • Feb 25, 2011 7:00am Feb 25, 2011 7:00am
Hi, i like this system and i have coded a EA (still in beta at the moment) and here my result for 2010.

When i finish the beta i will post it here!

Happy Pipping!
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 9 KB
There is no place like 127.0.0.1
  • #189
  • Feb 25, 2011 7:04am Feb 25, 2011 7:04am
too much confusion with the rules
  • #190
  • Feb 25, 2011 7:09am Feb 25, 2011 7:09am
Quoting EaCoder_ITA
Hi, i like this system and i have coded a EA (still in beta at the moment) and here my result for 2010.

When i finish the beta i will post it here!

Happy Pipping!

I like your graph better ...
  • #191
  • Feb 25, 2011 7:23am Feb 25, 2011 7:23am
here's e result of testing out e 30ema channel and 15ema on a 15M TF, EURUSD pair. manual backtesting, ie.

Initial result from 16th feb to 23rd feb 2011 (during 0600gmt to 1800gmt), yield 4 winners and 2 losers, out of 6 trades. this is based on 20 pips TP and SL.
  • #192
  • Edited 7:42am Feb 25, 2011 7:30am | Edited 7:42am
looks like result varies. maybe my sample size is too small.
i'll still stick to e original 50ema, i suppose.

but i like 15m TF for this system.

1. this way, i can take advt of e burst of PIPs and momentum (no trade half an hour before/after impact-news)
2. all pairs can be covered. think of it this way, number of 100 PIPs move per day EUR/USD can cover vs number of 100 PIPs move per day EUR/GBP can cover. not just GBP/USD, EUR/USD, GBP/JPY, USD/CHF. However, having said this, since SL and TP is tight, only those pairs which has small spread, can be taken into consideration. eg, EURUSD

Feedback/comments are welcomed.
  • #193
  • Feb 25, 2011 7:31am Feb 25, 2011 7:31am
Quoting EaCoder_ITA
Hi, i like this system and i have coded a EA (still in beta at the moment) and here my result for 2010.

When i finish the beta i will post it here!

Happy Pipping!
Looking forward to the release.
  • #194
  • Feb 25, 2011 8:52am Feb 25, 2011 8:52am
GU just banked +100 ( entered on a retracement at 16144 )

other 2 trades not looking good
  • #195
  • Edited 11:44am Feb 25, 2011 11:41am | Edited 11:44am
Great stricky,

I really love the basic idea of this thread, I notice that many seem to be interested in creating an EA.....

Well, this is nothing for me, but good luck.

As far as I am concerned, a modest and risk free 80 - 100 pips per week is all I need. I will post setups next week once I see them.

Once again thank you ronnierott, may the force be with you !

Have a good weekend.

( edit : below example usdchf 1hr, I have added a 55 ema for 4hr, 55 ema daily TF, and Lawgirl`s Trenddisplay for momentum; market price for easy visuals. )

___________________
michael
Attached Image (click to enlarge)
Click to Enlarge Name: 2011-02-25_1825_usdchf_1hr.jpg Size: 190 KB
Be like water.
  • #196
  • Feb 25, 2011 12:58pm Feb 25, 2011 12:58pm
Quoting msmarple
As far as I am concerned, a modest and risk free 80 - 100 pips per week is all I need. I will post setups next week once I see them.
___________________
michael
Yes, I agree. more than enough.

I was thinking of Lawgirls RSI too, very useful
  • #197
  • Feb 25, 2011 12:59pm Feb 25, 2011 12:59pm
Quoting msmarple
Great stricky,

I really love the basic idea of this thread, I notice that many seem to be interested in creating an EA.....

Well, this is nothing for me, but good luck.

As far as I am concerned, a modest and risk free 80 - 100 pips per week is all I need. I will post setups next week once I see them.

Once again thank you ronnierott, may the force be with you !

Have a good weekend.

( edit : below example usdchf 1hr, I have added a 55 ema for 4hr, 55 ema daily TF, and Lawgirl`s Trenddisplay for momentum; market price for...


fantastic! u add on a few stuff, yet still does not look too messy.
it's coming to market closing, hope u have a great weekend!

btw, can u email me e market price indi for easy visual pls, Michael? Thank u!
  • #198
  • Feb 25, 2011 1:00pm Feb 25, 2011 1:00pm
Quoting stricky1967
Yes, I agree. more than enough.

I was thinking of Lawgirls RSI too, very useful
how do u combine LG's RSI into ronnierott's system? can share ur idea?
  • #199
  • Feb 25, 2011 1:35pm Feb 25, 2011 1:35pm
Quoting kedridder
how do u combine LG's RSI into ronnierott's system? can share ur idea?
It shows RSI on other timeframes at once i.e. 4H, D1, W1

I'll dig it out when I add it and post the indi on here if anyone wants it
  • #200
  • Edited 1:41pm Feb 25, 2011 1:40pm | Edited 1:41pm
kedridder,

Normally I hate it if in a new thread people start modifying the original template immediately, but this is just what I thought might keep it simple and enable me to switch to 15min or 4h without 1000 new lines and indicators having to readjust.

Lawgirl`s Trenddisplay has just proven to be a great momentum indicator - we all know that sometimes we have classic candlestick or price action formations like engulfing bars, pinbars, hammers etc., expect a follow through,.... only seeing that there is less strength behind the move than we thought.

So to have added confidence that our candlestick setups ( according to ronnie´s recommendations of course ) work, I thought about only taking low-risk setups when at least 3 RSI ( 1h, 4h, Daily ) all agree at once.

I can post on Monday or provide a template, otherwise PM me.

I do want to stress however that this is Ronnie`s great idea and we shouldn`t focus on the holy grail mix of indicators as he says, but instead give all of this some time to settle and prove for ourselves if the method fits to our personality and mindset ( patience, discipline, number of pips expected at what risk level etc. ).

Hope that helps, see you all on Monday.




______________
michael
Be like water.
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