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

  • #881
  • May 6, 2011 8:36am May 6, 2011 8:36am
An experimental week, thought I'd try a few pairs on 5 min charts, to see if the action increased...tp 25, sl 50, be 12. All other settings default.4/5 GBP/JPY +27.6 5/5 GBP/USD +2 5/5 GBP/USD +23 5/5 GBP/JPY +25 5/5 USD/JPY -50 5/5 EUR/USD +25 5/5 GBP/USD +25 6/5 EUR/USD +2 6/5 EUR/USD +25 Total +104.6Interesting, think I 'll try another week!
  • #882
  • May 6, 2011 12:26pm May 6, 2011 12:26pm
Quoting wayne curry
An experimental week, thought I'd try a few pairs on 5 min charts, to see if the action increased...tp 25, sl 50, be 12. All other settings default.4/5 GBP/JPY +27.6 5/5 GBP/USD +2 5/5 GBP/USD +23 5/5 GBP/JPY +25 5/5 USD/JPY -50 5/5 EUR/USD +25 5/5 GBP/USD +25 6/5 EUR/USD +2 6/5 EUR/USD +25 Total +104.6Interesting, think I 'll try another week!
Very interesting , what pairs are you using ?? just the ones you list ie GU GJ UJ EU

SL 50 mmm !!!! TP 25

Is this with the EA or manual
Maybe we should set up a test team
One does 5 min another 15 min another say 1 H and another maybe 4H , although the one doing 4 H may end up falling asleep hahah

When I place the orders I only place the EA on the good trending pairs or have just reversed , Seem to work quite well
and I dont always necessarity wait to 100 TP cos as my entry rate is better I can afford to cash in earlier
  • #883
  • May 6, 2011 3:13pm May 6, 2011 3:13pm
OK.. so here are my trades for this week live only with the EA, nonstop.

GBPUSD - BUY : B/E +1 pip
EURUSD - BUY : B/E +1 pip
NZDCHF - SELL : +100
The above ones started last week but ended this week
GBPJPY - SELL : B/E +1pip
GBPUSD - SELL : B/E +1pip
USDJPY - SELL : +100
GBPJPY - SELL : +100
USDCHF - SELL : B/E +1pip
EURGBP - BUY : -100
GBPJPY - SELL : B/E +1pip
EURUSD - SELL : B/E +1pip
USDCHF - BUY : B/E +1pip
EURUSD - SELL : +100
EURGBP - SELL : +100
GBPUSD - SELL : B/E +5 (Closed this one manually)

So overall +413 pips this week. Not bad for sitting back and relaxing.

I'm thinking we should get more organized with this strategy. We should have have people testing or backtesting the strategy with different parameters and then sharing the results for everyone to see and benefit from improving this strategy. I for example found that on EURUSD the best parameters (backtested one year) are SL 200, TP 200, and no B/E. I am not using currently these parameters but am planing to in the future after more live testing. Every pair has it's own dynamic and it's own volatility so every pair must work better with different parameters.

And also I'm thinking of creating a special website for this strategy, and probably other ones in the future. What do you think of this idea ? Is it good, is it bad, is it worth it ? And why ?
  • #884
  • May 6, 2011 3:55pm May 6, 2011 3:55pm
Quoting jubu
OK.. so here are my trades for this week live only with the EA, nonstop.

GBPUSD - BUY : B/E +1 pip
EURUSD - BUY : B/E +1 pip
NZDCHF - SELL : +100
The above ones started last week but ended this week
GBPJPY - SELL : B/E +1pip
GBPUSD - SELL : B/E +1pip
USDJPY - SELL : +100
GBPJPY - SELL : +100
USDCHF - SELL : B/E +1pip
EURGBP - BUY : -100
GBPJPY - SELL : B/E +1pip
EURUSD - SELL : B/E +1pip
USDCHF - BUY : B/E +1pip
EURUSD - SELL : +100
EURGBP - SELL : +100
GBPUSD - SELL : B/E +5 (Closed this one manually)

So overall +413 pips this week. Not bad...

Good going JuBu, well done. The EA is great.

The question of optimisation is very difficult. I suppose it would be like hitting a moving target as each pair changes in time and is never the same for long, evolving continually in the market.

Difficult to predict and fix with backtesting unless tested every month or so.

Someone here earlier mentioned that the best way forward is to perhaps look at the avarage daily or true ranges for a given pair and working out the best SL and TP at the moment the trade is placed. Rather than rigid pips.

At least that way the system/EA would be constantly up to date with present market conditions.
  • #885
  • May 6, 2011 5:19pm May 6, 2011 5:19pm
Quoting jubu

So overall +413 pips this week.
- encouraging ... the credit goes to ronnie and you !

Quoting jubu

I'm thinking of creating a special website for this strategy, and probably other ones in the future. What do you think of this idea ? Is it good, is it bad, is it worth it ? And why ?
- with approval from ronnie, one website should do

- website - non-commercial & easy to follow, beginners would benefit from this strategy & existing users can agressively exchange inputs in the advancement of strategy

- it must have a chat room & a forum dedicated ONLY for this strategy

=-= the idea is totally worth it as an aggressive approach in terms of learning can be followed on a whole website dedicated to one strategy & multiple users can upload their testing results on different timeframes as suggested by peter, on entire different threads.
this baby needs further nurturing.

ever since i came across this strategy, i knew it would evolve to great length & cross a few thousand pages with global users benefiting from this strategy.

all credit goes to ronnie & jubu & i thank you a lot for teaching me how to fish. the famous quote comes to mind ...

"Give a man a fish,you feed him for a day.Teach a man to fish,and you feed him for a lifetime."

regards
.Hawk.
  • #886
  • Edited 11:20pm May 6, 2011 6:28pm | Edited 11:20pm
Quoting jubu
OK.. so here are my trades for this week live only with the EA, nonstop.

GBPUSD - BUY : B/E +1 pip
EURUSD - BUY : B/E +1 pip
NZDCHF - SELL : +100
The above ones started last week but ended this week
GBPJPY - SELL : B/E +1pip
GBPUSD - SELL : B/E +1pip
USDJPY - SELL : +100
GBPJPY - SELL : +100
USDCHF - SELL : B/E +1pip
EURGBP - BUY : -100
GBPJPY - SELL : B/E +1pip
EURUSD - SELL : B/E +1pip
USDCHF - BUY : B/E +1pip
EURUSD - SELL : +100
EURGBP - SELL : +100
GBPUSD - SELL : B/E +5 (Closed this one manually)

So overall +413 pips this week. Not bad...
Great Job!!!!

I started testing the new EA with Exit by hitting EMA strategy on 20 pairs from May 4th. I used standard account with deposit of $3000, 0.01 lot. Today I check and the profit is 414 pips (+$51.8) with DD of -11 pips ($-1.4). Please check the attached for details. There are 4 trades that resulted with none +-100 or +1 pips. These trades exited by hitting the EMA+-10 pips.

I still have not get any result if the EMA exit is better than fixed TP or SL or not. I just can tell that the new exit strategy will shorten the trade length...I will go on testing and see.

Hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: testresult.jpg Size: 165 KB
  • #887
  • May 6, 2011 11:24pm May 6, 2011 11:24pm
hi jubu,

Great job.
Even Iam newbie to forex i can say this is excellent result of any standards. Thanks for your EA. I am still using old version. I'll try new version now. And thanks to Ronnie also.
  • #888
  • May 7, 2011 3:41am May 7, 2011 3:41am
Lots of BE trades, maybe having multiple TP's would be a good suggestion.

i.e.

TP1 @ +50 pips (50% of trade closes and move SL to BE.)
TP2 @ +100 pips
  • #889
  • May 7, 2011 5:55am May 7, 2011 5:55am
Quoting shiningstar
Great Job!!!!

I started testing the new EA with Exit by hitting EMA strategy on 20 pairs from May 4th....
And you used EMA +-10, not +-30 as i made it by default ?
Pretty good. Keep up the good work.
  • #890
  • May 7, 2011 6:19am May 7, 2011 6:19am
Quoting jubu
OK.. so here are my trades for this week live only with the EA, nonstop.

GBPUSD - BUY : B/E +1 pip
EURUSD - BUY : B/E +1 pip
NZDCHF - SELL : +100
The above ones started last week but ended this week
GBPJPY - SELL : B/E +1pip
GBPUSD - SELL : B/E +1pip
USDJPY - SELL : +100
GBPJPY - SELL : +100
USDCHF - SELL : B/E +1pip
EURGBP - BUY : -100
GBPJPY - SELL : B/E +1pip
EURUSD - SELL : B/E +1pip
USDCHF - BUY : B/E +1pip
EURUSD - SELL : +100
EURGBP - SELL : +100
GBPUSD - SELL : B/E +5 (Closed this one manually)

So overall +413 pips this week. Not bad...

Hi Jubu,
On this weeks results did you use the Default settings for your EA or did you tweek any of the parameters ex.. SL or TP settings ect.... Thanks to you, Ronnie and all the contributors on this thread. I have been trading along with you Guys from the beginning with positive results and will start posting the results of my trades at the end of the week.

Thanks Again All
Take Care
Always Learning
  • #891
  • May 7, 2011 7:07am May 7, 2011 7:07am
Quoting jubu
And you used EMA +-10, not +-30 as i made it by default ?
Pretty good. Keep up the good work.
Yes, the one I used is +-10 pips from EMA 15. Actually the one I really want to use is EMA10+-10 pips.

I have a question, you said I can change it to EMA10 for the parameter named EMA. I wonder will this change also affects the entry rule? I do not want to change the entry rules for Runni's system so I want to make sure before I change the EMA value.

Thanks again Jubo and Ronni for your great EA and system!!!
  • #892
  • May 7, 2011 1:37pm May 7, 2011 1:37pm
Quoting JayTrader
Hi Jubu,
On this weeks results did you use the Default settings for your EA or did you tweek any of the parameters ex.. SL or TP settings ect....
No I didn't change any parameters. All remained default on all pairs. I am planing on changing them in the future if i get better results with other parameters.

Quoting shiningstar
I have a question, you said I can change it to EMA10 for the parameter named EMA. I wonder will this change also affects the entry rule?
Yes if you change the EMA which is now 15 to any other value it will also change the entry of the trades. I didn't think to add another ema specially for this exit when i made it. Maybe on the next update I'll add the separate EMA.
  • #893
  • May 8, 2011 9:10am May 8, 2011 9:10am
Quoting jubu
OK.. here's another EA update. I found some errors in the code and fixed them. I'm sorry for that. Now it's working properly.

1. Fixed trailing stop code. The code was wrong it only placed a few trails then when the sl over passed the opening price it ceased to go on. Fixed that, now it's working properly. For those of you who backtested with the trailing stop, again I apologize.

2. Fixed the Allow Next Trade code. It also had an error. Now it's working fine as it should have.

3. I added an ExitOfEMA parameter as a fellow...

Hi, Alpari allows to use only MT4 255. So what do you advise? Trade manually as i think :-)
  • #894
  • May 8, 2011 12:58pm May 8, 2011 12:58pm
Quoting jubu
by what parameters ?
buy at 27th april az 12:00. after it moved down up to 66 pip. than up 166. and you have to check when to out. use psar, or what you prefer. i dont like use fix out, because than u can loose some great pip. but s/l fixed. it can be also closed earlier if EMA 15 passes EMA 50 LOW (+10-15pips)
  • #895
  • May 8, 2011 2:17pm May 8, 2011 2:17pm
Sorry for the delay, been wrapped up in local spring celebrations this weekend.
The results were exclusively EA, no manual intervention at all - just let it run, with the settings I mentioned.
This coming week I'll do the same thing for the full week.
let you know the results.
  • #896
  • Edited 4:14pm May 8, 2011 3:17pm | Edited 4:14pm
Im trying to test this jubus ea but every broker I try my mt4 crashes and i get error msg lol, which broker do you guys use for this ea?

Thx

P.S found cpl of brokers with mt4 build 399 so going to test the ea this week, will also trade this system manually.
  • #897
  • May 8, 2011 4:21pm May 8, 2011 4:21pm
Quoting HankT
Im trying to test this jubus ea but every broker I try my mt4 crashes and i get error msg lol, which broker do you guys use for this ea?

Thx

P.S found cpl of brokers with mt4 build 399 so going to test the ea this week, will also trade this system manually.
I have used it on FXDD, with no problems.
Always Learning
  • #898
  • May 8, 2011 4:53pm May 8, 2011 4:53pm
When I backtest the EA I see a 65% drawdown? Default settings @ 1h @ G/U
  • #899
  • Edited 6:14pm May 8, 2011 5:59pm | Edited 6:14pm
I also did some backtests and all of them look pretty bad, best is on EU 48% winners, 600 pips for 12 months period-you can make that in 2 weeks trading manually. To be honest I havent seen an ea which is worth putting on live account so far. Problem is ea's dont see S/R lvls, thats only 1 of the reasons ea's dont work. Just think about it if ea's were able to make money would anyone bother with manual trading?

And we all know every pro successfull trader trades manually

HankT

P.S I will be forward testing this ea anyway just to see how it performs, Anyone knows if it works with ecn brokers? I mean you cant place market order with preset sl,tp with ecn broker. So the only way would be to use MPTM ea to set sl,tp right?
  • #900
  • May 8, 2011 8:00pm May 8, 2011 8:00pm
Quoting wickedwin
When I backtest the EA I see a 65% drawdown? Default settings @ 1h @ G/U
I am curious why this system have so much drawdown...because it has 100 pips stop loss. Also, the result is good or not depends on the market situation. Trending market is better than ranging for this system. For example, when I did my backtest, I got different result for EUR/USD for different period.

So, in forward testing or live trade, you may determine when to use this EA and when to stop using it depending on your opinion of the market. There are a lot of ways to determine the trend.

I found an indicator here:
http://www.forexfactory.com/showpost...7&postcount=18

Maybe an MA angle can filter some bad trades?

So, when trading forward it is totally different from the backtest.

Just my two cents...
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