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The Small Hours Simplified - Coding only

  • #181
  • Feb 25, 2011 12:24am Feb 25, 2011 12:24am
I have a Sell signal for NZDUSD but price is above 20 SMA...

(TSH v1.04)
Attached Image
  • #182
  • Feb 25, 2011 12:37am Feb 25, 2011 12:37am
sell signal for USD-CHF, USD-JPY

my trade any of the 6 majors pair
  • #183
  • Feb 25, 2011 1:10am Feb 25, 2011 1:10am
Quoting Cashcalf
I have a Sell signal for NZDUSD but price is above 20 SMA...

(TSH v1.04)
Do you Remember the 3rd Rule?

3.The close of the setup bar must be less than the 20SMA or 40SMA (can be both)

So this is valid signal according to the Rules.
But you have to decide if enter to Trade or not

gspe
Attached Image (click to enlarge)
Click to Enlarge Name: Small_Hours_007.jpg Size: 102 KB
  • #184
  • Feb 25, 2011 1:35am Feb 25, 2011 1:35am
You are right... I always thought below or above 20 SMA with no regards to the 40 SMA... Thanks


Quoting gspe
Do you Remember the 3rd Rule?

3.The close of the setup bar must be less than the 20SMA or 40SMA (can be both)

So this is valid signal according to the Rules.
But you have to decide if enter to Trade or not

gspe
  • #185
  • Feb 25, 2011 4:59am Feb 25, 2011 4:59am
I dont understand GSPE, why are the entry, sl and tp values changing everytime the curent open candle moves? Shouldnt these levels be based on the last closed candle? or did i misinterpret colostars system altogether?
  • #186
  • Feb 25, 2011 5:38am Feb 25, 2011 5:38am
Quoting pp22
I dont understand GSPE, why are the entry, sl and tp values changing everytime the curent open candle moves? Shouldnt these levels be based on the last closed candle? or did i misinterpret colostars system altogether?
Page 12 is all about it i's because it has to calculate all currencie pairs levels, so gspe is looking into it, to see if we can get the right values. Or you have to use my indicator and switch charts everytime yourself too see if there's a signal
Just wait for gspe, when its fixed, it's awesome
  • #187
  • Feb 25, 2011 5:42am Feb 25, 2011 5:42am
Quoting ido370
Page 12 is all about it i's because it has to calculate all currencie pairs levels, so gspe is looking into it, to see if we can get the right values. Or you have to use my indicator and switch charts everytime yourself too see if there's a signal
Just wait for gspe, when its fixed, it's awesome

cool, thanks ido

right now i am using both his and yours, mainly yours for 1H set ups and his for the 4H
  • #188
  • Feb 25, 2011 7:08am Feb 25, 2011 7:08am
The only little strange thing happening now is that the dashboard arrows will be different depending on which one of my charts I click on. UJ shows sell on some charts but not on others. FYI ido370 i'm using your latest version.

Also why did this thread get moved?

thx,
todd
  • #189
  • Feb 25, 2011 4:03pm Feb 25, 2011 4:03pm
Hi guys,
this is the last version of the Indicator.
I hope that i've found all bugs, but until Monday we really don't know.

In this version i've fixed the code that draw the lines so now they display correctly in any timeframe, and the indy now update all the calculation once every 4 hours.


So try it and let me know if it works well foe you.

cheers
gspe
Attached File(s)
File Type: mq4 TSH v1.05.mq4   33 KB | 356 downloads
  • #190
  • Feb 25, 2011 4:08pm Feb 25, 2011 4:08pm
lol.
I JUST sent you a message requesting this!
Thanks Chief.
  • #191
  • Feb 25, 2011 4:40pm Feb 25, 2011 4:40pm
thanks gspe, will try this out on monday.

just a quick teaser from last 3 years :
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.jpg Size: 37 KB
  • #192
  • Feb 25, 2011 6:33pm Feb 25, 2011 6:33pm
hi ido did you tested with the ea ? can i have the ea too thanks
  • #193
  • Feb 25, 2011 6:35pm Feb 25, 2011 6:35pm
Quoting james629
hi ido did you tested with the ea ? can i have the ea too thanks
its really in begin phase now. its only trading 1 lot and it TP&SL are both fixed at ATR*0.5.
So im gonna continue first with adding the second order and the moving of SL to BE etc.
As soon as it has those basics, i'll post it here asap
  • #194
  • Feb 27, 2011 6:40am Feb 27, 2011 6:40am
Quoting ido370
its really in begin phase now. its only trading 1 lot and it TP&SL are both fixed at ATR*0.5.
So im gonna continue first with adding the second order and the moving of SL to BE etc.
As soon as it has those basics, i'll post it here asap
I am using your indicator together with the gpse's indicator. Both of you have done a great job. Thanks very much.

When we study from previous data, sometimes the prices didn't follow the SMA 20 or the SMA 40 trend. From previous forward test done also I always see this kind of failing to follow the SMA trend.

For me this method is very good in determining the right time when the price will start to make a big move and break the previous high(in this case HH5) or previous low (in this case LL5).

What I am doing currently in my trade is I put 2 pending orders and ignore rule #2. So need not to worry where the price will go either up or down. When one of the pending order has triggered, the other one will be closed.

I use Swiss Army EA to move the stop loss to breakeven when the price in profit of 15 pips. Normally it is easy to get 15 pips which shows us that this method is very excellent to choose the right time when the price will breakout whether the breakout is the false breakout or the true breakout. The momentum of the price (we know from ATR x 1.5 > HH5 - LL5) to move and to breakout after ranging about 20 hrs (5 candles 4H) is predicted succesfully most of the time.

I am suggesting to you when developing the ea to consider the 2 pending orders open simultaneously and to move the breakeven as soon as the price in profit of a fews pips which can be optimized by ea.

Let we all work together giving ideas to develope a "holy grail" ea. I strongly believe the successfulness of this method. Nonetheless we must open our mind not to strictly follow rule #3. There are many ways to determine the trend directions. What is important here is rule #1 which we start trade at the time when the market trending.
  • #195
  • Edited 8:34am Feb 27, 2011 8:12am | Edited 8:34am
Quoting forexgame
I am using your indicator together with the gpse's indicator....
I agree with you that rule #1 is the most important one, and it could be an EA option to place trades on both side or only based on rule#2/rule#3. I noticed the same as you i guess, that sometimes it would give a buy signal, where it would breakout to the downside. I also use the Sixth lines, so i can see when it is already on the top, and therefore i reverse the order (place sell instead of buy then).

Right now it looks not so well when placing orders on both sides all the time:
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.jpg Size: 41 KB
  • #196
  • Feb 27, 2011 1:22pm Feb 27, 2011 1:22pm
Hi Guys,
some of you have asked me to make a Multi Time Frame version, i'm working of it.

In this version you'll find the option to choose the Time Frame you like, see the screen shoot below.

I hope that you like it, enjoy and please continue to submit your tips in order to improve the Indicator

Cheers
gspe
Attached Image (click to enlarge)
Click to Enlarge Name: Small_Hours_008.jpg Size: 136 KB
Attached File(s)
File Type: mq4 TSH v1.06.mq4   35 KB | 350 downloads
  • #197
  • Feb 27, 2011 2:53pm Feb 27, 2011 2:53pm
great addition! maybe you can adjust code to use NULL (current timeframe) instead of filling in the option yourself?
And probably just because market is not open right now, and needs to refresh, but got this (buy and sell on same pair, just like you rscreenshot, but you have it on different pair?):
Attached Image
  • #198
  • Feb 27, 2011 3:59pm Feb 27, 2011 3:59pm
Quoting ido370
great addition! maybe you can adjust code to use NULL (current timeframe) instead of filling in the option yourself?
And probably just because market is not open right now, and needs to refresh, but got this (buy and sell on same pair, just like you rscreenshot, but you have it on different pair?):
Attachment
See the screenshoot below, the "3" could be satisfied for both BUY and SELL condition and this happens for NZDUSD Pair in H4 Chart.

Regarding the "NULL" option i don't like it, because you loose the opportunity to check how the Break Lines are displayed on lower time frame, you could get a signal on H1/H4/D1/W1 time frame but maybe you would like to enter on M5/M15 for trend or something similar, think about it and let me know

gspe
Attached Image (click to enlarge)
Click to Enlarge Name: Small_Hours_009.jpg Size: 97 KB
  • #199
  • Feb 27, 2011 4:22pm Feb 27, 2011 4:22pm
Quoting gspe
See the screenshoot below, the "3" could be satisfied for both BUY and SELL condition and this happens for NZDUSD Pair in H4 Chart.

Regarding the "NULL" option i don't like it, because you loose the opportunity to check how the Break Lines are displayed on lower time frame, you could get a signal on H1/H4/D1/W1 time frame but maybe you would like to enter on M5/M15 for trend or something similar, think about it and let me know

gspe
OK see it now, but you can't change the break lines Time_start and Time_end to NULL?
  • #200
  • Feb 27, 2011 8:51pm Feb 27, 2011 8:51pm
Quoting ido370
Right now it looks not so well when placing orders on both sides all the time:
Attachment
The backtest results when placing orders on both sides actually is not too bad. The problem what I can see is the ratio between risk dan reward. What I can suggest here is the Risk:Reward must be at least 1:1 or reward must always be greater than risk. We can lower the risk by adjusting the stop loss to breakeven as soon as we get a fews positive pips. Combination of this 2 things ie with proper R:R and good controlling the SL, I think we would get a better result.
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