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Attachments: Ronnierott's 1 Hour Strategy
Exit Attachments

Ronnierott's 1 Hour Strategy

  • #401
  • Mar 8, 2011 3:44am Mar 8, 2011 3:44am
Quoting stricky1967
-100 on USDCHF , not a great start to the week
If we zoom out on the 1H for this losing trade , it had actually stopped trending and was in a ranging , consolidation period , so really did not have the legs in the first place
Looking just before that it had a great trending period finishing around 240211
  • #402
  • Mar 8, 2011 3:57am Mar 8, 2011 3:57am
Quoting highroller
Hey there Netwatch,

Not seeing the s...

HR
Hello Highroller; love the indicator at the bottom of your chart, with all that price info. Do you mind sharing/attaching it here ?

thanks in advance.
  • #403
  • Mar 8, 2011 4:03am Mar 8, 2011 4:03am
Quoting lakeluke
Hello Highroller; love the indicator at the bottom of your chart, with all that price info. Do you mind sharing/attaching it here ?

thanks in advance.
hey lake,

see attached range indicator...

HR
Attached File(s)
File Type: ex4 DailyRangeA.ex4   14 KB | 357 downloads
  • #404
  • Mar 8, 2011 7:35am Mar 8, 2011 7:35am
many thanks highroller.

______________
From the various charts I am looking at it appears only U/C G/J and G/U have any potential setup candles appearing in the next few hours.
  • #405
  • Mar 8, 2011 7:52am Mar 8, 2011 7:52am
Quoting lakeluke
many thanks highroller.

______________
From the various charts I am looking at it appears only U/C G/J and G/U have any potential setup candles appearing in the next few hours.

G/U setup candle was at 0900 GMT
  • #406
  • Mar 8, 2011 8:31am Mar 8, 2011 8:31am
Quoting lakeluke
According to the rules, Candle(1) or Candle(2) were good "setup"...
Hi Lakeluke
Im using your rule for the 4 trades I have open re the SL and TP and seem quite a good idea GBPUSD AUDUSD USDCHF and the loser GBPJPY which i should never if taken anyway in the first place
the winners all have the ema within the macd -nice and the gbpjpy just on the edge of coming out of the MACD hist at around -40 pips although its got a bit better now
  • #407
  • Mar 8, 2011 9:02am Mar 8, 2011 9:02am
hi all, i am new to lakeluke setup. Attached please find the setup on my chart.

is it correct? i would apply it to e 4 pairs as mentioned in e first thread.

Hope someone can guide me in entering the trade.. thanks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD.JPG Size: 171 KB
Click to Enlarge Name: GBPUSD.JPG Size: 181 KB
  • #408
  • Mar 8, 2011 9:11am Mar 8, 2011 9:11am
Quoting KPForex
hi all, i am new to lakeluke setup. Attached please find the setup on my chart.

is it correct? i would apply it to e 4 pairs as mentioned in e first thread.

Hope someone can guide me in entering the trade.. thanks
Welcome,

Firstly you need to change your MACD settings as per post #1
  • #409
  • Edited Mar 9, 2011 12:56am Mar 8, 2011 7:26pm | Edited Mar 9, 2011 12:56am
i have backtested this strategy (from jun,2008, to jun 2009), it's 23wins, 22 losses. sorry to say that it's not a valid system. (I followed the system strictly.)

to make the backtest easy, i add some codes to the original macd-with-ema indicator to show the enter level, BE level, sl, and tp level.
you can download this indicator(Ronnierott's 1 Hour Strategy alert 4.mq4,put it in to the indicator folder ) and the template to see my backtest results. ( jun,2008, to jun 2009, my fxpro platform is gmt+2). and you can backtest in other periods yourself.

on the charts attached, the white horizontal line is the entey level, the green level is BE level(50 pips above the enter level), the blue line is the tp level, and the red line the sl level. setup bar is at the right of those lines.

if you backtest in other periods, please save it as a template and upload it. let's share the backtest results.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: show.jpg Size: 72 KB
Click to Enlarge Name: show2.jpg Size: 78 KB
Attached File(s)
File Type: mq4 Ronnierott's 1 Hour Strategy alert 4.mq4   15 KB | 456 downloads
File Type: tpl !!!backtest 2008 eurusd ronnierott's 1 hour strategy.tpl   234 KB | 435 downloads
  • #410
  • Mar 8, 2011 7:32pm Mar 8, 2011 7:32pm
Hi all.. here my version of Ronnie EA 1.3.


Like usual you can use it for autotrading or just for entry signal.. i have fixed a order bug and add some features like Breakeven, auto distance order setting, comment on pivot and customize pivot timeframe.

Happy Pipping!
Attached File(s)
File Type: zip Ronnie V1.3 .zip   413 KB | 572 downloads
There is no place like 127.0.0.1
  • #411
  • Mar 9, 2011 12:48am Mar 9, 2011 12:48am
Quoting EaCoder_ITA
Hi all.. here my version of Ronnie EA 1.3.


Like usual you can use it for autotrading or just for entry signal.. i have fixed a order bug and add some features like Breakeven, auto distance order setting, comment on pivot and customize pivot timeframe.

Happy Pipping!
Thanks EA Coder
I will be using this for entry signals on the lower TF's
  • #412
  • Edited 1:49am Mar 9, 2011 1:20am | Edited 1:49am
Quoting bobowang
i have backtested this strategy (from jun,2008, to jun 2009), it's 23wins, 22 losses. sorry to say that it's not a valid system. (I followed the system strictly.)

to make the backtest easy, i add some codes to the original macd-with-ema indicator to show the enter level, BE level, sl, and tp level.
you can download this indicator(Ronnierott's 1 Hour Strategy alert 4.mq4,put it in to the indicator folder ) and the template to see my backtest results. ( jun,2008, to jun 2009, my fxpro platform is gmt+2). and you can backtest in other periods yourself.

on...
Hi bobowant
I like your EMA MACD backtester alert excellent
I agree with you on the results if we remain strict
I think the results can be improved if discretion is used on the trades
For me the fact that you have approx 50 50 with STRICT results gives me alot of optimism for using this system for entries , but for exits I think 100 TP 100 SL are figures that wer just given by ronnie as a general guide
If people use this as enter as per rules, 100 SL 100 TP they will be dissapointed
If they use this as an entry systm but use there discretion for SL and TP at pivot level , sr , trailing stops etc then they are on, to a winner
Another thing, I am going to to put my entrie at BE + 25 when it gets to + 50 from now on so I get 25 pips profit

Question for you . what about all the trades that have gone to BE with zero loss , are they just not given as they are irrelevent so for example you have 23 wins, 22 losses and say 30 Break evens . Sorry i have no time to look at your result to see if you have done this, this morning

I can backtest a certain time and currency pair
Maybe we should work all together and different people test different currency pairs
  • #413
  • Mar 9, 2011 2:14am Mar 9, 2011 2:14am
Quoting bobowang
i have backtested this strategy (from jun,2008, to jun 2009), it's 23wins, 22 losses. sorry to say that it's not a valid system. (I followed the system strictly.)

to make the backtest easy, i add some codes to the original macd-with-ema indicator to show the enter level, BE level, sl, and tp level.
you can download this indicator(Ronnierott's 1 Hour Strategy alert 4.mq4,put it in to the indicator folder ) and the template to see my backtest results. ( jun,2008, to jun 2009, my fxpro platform is gmt+2). and you can backtest in other periods yourself.

on...
Hi bob , I have your Alerter in EURUSD now and its just given me a signal , yet the setup candle has not closed yet
  • #414
  • Edited 2:55am Mar 9, 2011 2:37am | Edited 2:55am
Quoting peterporter
Hi bobowant
I like your EMA MACD backtester alert excellent
I agree with you on the results if we remain strict
I think the results can be improved if discretion is used on the trades
For me the fact that you have approx 50 50 with STRICT results gives me alot of optimism for using this system for entries , but for exits I think 100 TP 100 SL are figures that wer just given by ronnie as a general guide
If people use this as enter as per rules, 100 SL 100 TP they will be dissapointed
If they use this as an entry systm but use there discretion...
the BE trades are 18 in that period.
if you change be+25 each trade, some winning trades will end up with BE(25pips). I think it still will be a random walk.

and if the entry give no edge to you, why you still use it? you can enter everywhere!

personally, I like ronnie, he gave out his trading rules very clear and easy to backtest. but unfortunately,I think the strategy doesn't work.

most of the post starters here in ff didn't mentioned their trading rules clearly, and always use subjective way to trade, nobody else can repeat their claimed results (they also don't show us any proven long history results).

I just think there is no proven effective trading system in FF.
  • #415
  • Edited 2:53am Mar 9, 2011 2:40am | Edited 2:53am
Quoting peterporter
Hi bob , I have your Alerter in EURUSD now and its just given me a signal , yet the setup candle has not closed yet
no, no, no, it's only for backtest. you can't use it in live trade. because I just judge the entry level based on the close of every bar. you will get a late signal if you use it in live trade.

in your case, my indicator just use the current price as a close price of the current bar, it's useless. so it's only for backtest!!!
please backtest this system in different periods or different pairs to see if it works or not before you trade live or demo!
  • #416
  • Mar 9, 2011 2:45am Mar 9, 2011 2:45am
Quoting KPForex
hi all, i am new to lakeluke setup. Attached please find the setup on my chart.
Pls, it's not "lakeluke's" setup; Ronnierott is the one who came up with thread and method.
  • #417
  • Mar 9, 2011 2:47am Mar 9, 2011 2:47am
Quoting bobowang
the BE trades are 18 in that period.
if you change be+25 each trade, there are some winning trades will end up with BE(25pips). I think it still will be a random walk.

and if the entry give no edge to you, why you still use it? you can enter everywhere!

personally, I like...
I understand
but for me it works, maybe cos I look at other factors when placing trade
The overal trend of higher TF is important to me , the "hot pair" as defined in the DIbs method , divergence, OB OS conditions and reversal patterns before actually committing to a trade

This is true I agree if you blindly use ronnies rules but if as I say you use discretion then I dont agree

Lets see what Ronnie has to say
  • #418
  • Edited 4:54am Mar 9, 2011 2:48am | Edited 4:54am
Quoting bobowang
no, no, no, it's only for backtest. you can't use it in live trade. because I just judge the entry level based on the close of every bar. you will get a late signal if you use it in live trade.

in your case, my indicator just use the current price as a close price, it's useless. so it's only for backtest!!! please backtest this system in different periods or different pairs!
OK i understand ta
Although its given me a good signal anyway

BOB When I bring up say AUDUSD H4 and drag on your indicator , none of your signals appear

Am I doing something wrong
I really would like to test on the larger timeframes with better trends

aH i JUST gotta change the tp and SL levels ok
Hold on there


Is anyone talking on this thread or is it just me
  • #419
  • Mar 9, 2011 5:24am Mar 9, 2011 5:24am
Quoting EaCoder_ITA
Hi all.. here my version of Ronnie EA 1.3.


Like usual you can use it for autotrading or just for entry signal.. i have fixed a order bug and add some features like Breakeven, auto distance order setting, comment on pivot and customize pivot timeframe.

Happy Pipping!
EA can I have the seperate files again thanks
  • #420
  • Edited 5:56am Mar 9, 2011 5:40am | Edited 5:56am
Quoting bobowang
the BE trades are 18 in that period.
if you change be+25 each trade, some winning trades will end up with BE(25pips). I think it still will be a random walk.

and if the entry give no edge to you, why you still use it? you can enter everywhere!

personally, I like...

If you find a proven system , strictly sticking to the rules , then you have found the HOLY GRAIL and every man and his dog will be using it
Think about it , if I claimed that if you do this by the book then you will win , then an EA would be written and just left to run bv every institiution in the land

No one will ever find that and the only way to trade is to trade manually and look at the lay of the land , like NiceGuy , be a SNIPER and take into account what I mentioned above regarding Pivots SR Trend etc
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