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

  • #901
  • May 9, 2011 3:13am May 9, 2011 3:13am
&quot;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?&quot; I've been trading over 18 months now Hank and have tried many EA's TA's etc, all work on Alpari's MT4 with no probs. As for profitability, that's another story.........</p>
  • #902
  • May 9, 2011 8:13am May 9, 2011 8:13am
There is no such thing as a set and forget EA
I like this strategy and the way I use the EA is like this
I set it up as per my params I like and save it as a template
then I use ronnie signal ind to alert me to a potential trade
After assessing the trend , SR levels etc , reversals I load up the template or forget the signal and wait for the next signal

If you blindly put this on a currency pair and just forget about it you will not see a great return , more to 50 50 ,
The trend is the secret here for this strategy , Do not put this on a ranging pair or you are just playing the 50 50

also there are some cuirrencies that trend but the retracement can be quite large so be careful ie 100 SL is not enough
  • #903
  • May 9, 2011 10:39am May 9, 2011 10:39am
Quote
After assessing the trend , SR levels etc , reversals
you place pending order after the signal so tell me why you need an ea? The whole idea of trading ea is to set it up and forget it. If you need to watch charts than you trade manually you dont use ea to enter trades, whats the point?

if you need ea to manage your trade use mptm tho I dont recommend it cos it freezes your mt4 and it has milion settings-90% of them you dont need lol.
Not mention the guide which doesnt explain well how to set it right if you not familiar with mptm.

HankT
  • #904
  • May 9, 2011 10:53am May 9, 2011 10:53am
Quoting peterporter
There is no such thing as a set and forget EA
I like this strategy and the way I use the EA is like this
I set it up as per my params I like and save it as a template
then I use ronnie signal ind to alert me to a potential trade
After assessing the trend , SR levels etc , reversals I load up the template or forget the signal...
Thats the same way I have used this EA with very good results. I use it to "alert me" to the trades , then I analyze from there to see if the trade has legs or not, once i put the trade on i also manage it until it is closed.
Always Learning
  • #905
  • May 9, 2011 11:14am May 9, 2011 11:14am
Quoting HankT
you place pending order after the signal so tell me why you need an ea? The whole idea of trading ea is to set it up and forget it. If you need to watch charts than you trade manually you dont use ea to enter trades, whats the point?

if you need ea to manage your trade use mptm tho I dont recommend it cos it freezes your mt4 and it has milion settings-90% of them you dont need lol.
Not mention the guide which doesnt explain well how to set it right if you not familiar with mptm.

HankT
Yeh your right about mptm ,
Later when I have proved this strategy i might used partial closurre etc but for now

I use the EA like this
Signal sent to me say at 9.00 am , I see the trend for the last two days is down and its a good trend
I can then put the EA template on for that day and chances are it will trigger that day
By the way I have made 200 pips today and am up 100 pips on my floating account profit as I write this so I beleive it works so I am happy
In fact you all should of all got these trades if you had used the ronnie strategy of only using GU EU UC etc cos these were made with GU EU
  • #906
  • May 9, 2011 1:38pm May 9, 2011 1:38pm
Quoting peterporter
There is no such thing as a set and forget EA
I beg to differ. That is exactly that I'm doing (with the exact same default parameters on all pairs) and it's been working out very well. Yeah maybe you're right about earning more if you watch the trend and all that closely to see if it's going well in that direction or not, but wait, that can be implemented into the EA too as an option and it will be in the next update. I will implement an option to see and trade in correlation with the trend on an upper tf like H4 or D1. Hmmm..... and this gives me an idea for an indicator update to.

Oh.. and what SR levels are we talking about here, Daily or Weekly ones? Maybe I'll do something with these too. Although I don't know exactly what now. But I'll think about it.
  • #907
  • May 9, 2011 1:41pm May 9, 2011 1:41pm
The EA is running for ~20 hours, still not a single trade entered..

Default settings @ E/U @ H1 @ 4 digitbroker @ default settings.

Any advice :-) ?
  • #908
  • May 9, 2011 1:58pm May 9, 2011 1:58pm
Quoting wickedwin
The EA is running for ~20 hours, still not a single trade entered..

Default settings @ E/U @ H1 @ 4 digitbroker @ default settings.

Any advice :-) ?
have you got a smiley face top right hand corner
what currency pairs are you trading , just EU???
  • #909
  • May 9, 2011 2:12pm May 9, 2011 2:12pm
Quoting wickedwin
The EA is running for ~20 hours, still not a single trade entered..

Default settings @ E/U @ H1 @ 4 digitbroker @ default settings.

Any advice :-) ?
Check the EA's properties to see if you have the "Allow live trading" checkbox on and make sure you have pushed the "Expert Advisors" button. If yes than check the Experts and Journal tab and see if it gave you any errors and if it did than what are they ?

Actually there is a signal and a pending order right now on E/U. It should have entered.
  • #910
  • May 9, 2011 3:16pm May 9, 2011 3:16pm
Agreed on all counts jubu. That trade was spot on. Also, your EA is damn near perfect. It's just a gnat's whisker away from being the 'set and forget' EA. This is what you're striving for here isn't it?
I'm continuing with the 5M screens where there were 5 active trades and 5 cancelled trades today alone. Will post week's results.
  • #911
  • May 10, 2011 3:49am May 10, 2011 3:49am
Quoting jubu
I beg to differ. That is exactly that I'm doing (with the exact same default parameters on all pairs) and it's been working out very well. Yeah maybe you're right about earning more if you watch the trend and all that closely to see if it's going well in that direction or not, but wait, that can be implemented into the EA too as an option and it will be in the next update. I will implement an option to see and trade in correlation with the trend on an upper tf like H4 or D1. Hmmm..... and this gives me an idea for an indicator update to.

Oh.....
Daily S/R would be awesome but as far as I know there is no ea which can see those, another thing, do you remember how amazing was fapturbo, look at it now lol its worse than any free ea, for some reason all ea's only work well for short period of time than they useless, its kinda weird dont you think?
  • #912
  • Edited 8:54am May 10, 2011 6:39am | Edited 8:54am
OK.. so last night's topic gave me an idea for a update of the indicator and here it is, v3.

What's New ?
-The Trend direction monitor of H1, H4, and D1 in the top right corner(the corner is modifiable in the properties).
The function determines the trend using two EMAs of 50 applied to high and low just like the strategy does. If the price is above the emas then it's an uptrend and the indi will display UP, if it is in between the two emas it will display IN-BETWEEN, and if it's below the emas it will display DOWN. Each way has it's own color. UP is blue, IN-BETWEEN is yellow and DOWN is red. The colors can be changes also to whatever you preferences are.
The High and Low EMAs of the trend determination are separate from the High and Low EMAs of the signal determination so they can be changed without influencing the signals.

The new parameters are :
TendEMAs = 50; //This represents the period of the high and low EMAs of the Trend determination.
LongTrendColor = Blue; //This represents the color of the displayed text in case of a Long(Bullish) trend.
ShortTrendColor = Red; //This represents the color of the displayed text in case of a Short(Bearish) trend.
InBetweenTrendColor = Yellow; //This represents the color of the displayed text in case the price is in between the emas.
Corner = 1; //This represents the corner in which the text will be displayed: 0=TopLeft, 1=TopRight, 2=BottomLeft, 3=BottomRight

Others
I will include also include a template that works best with this indicator and 3 more indicators which I use on this template. You may find them useful. The other 3 indicators are not made by me and I take no credit for them. They are from another strategy but I thought I could use them here as well.
One shows weekly pivots which I found to be very strong, another shows the time left for the candle to close beside the candle and the last is a panel with other info.

If you are new to the forum note that you will also need this indicator for the template : Macd-with-EMA.mq4

If you have any more ideas that I should include into the indicator for a better performance, please don't hesitate to tell me.

*Edit : If you have an older build of MT you will have to compile the mq4 file i order for the indicator to work.
Attached File(s)
File Type: tpl ronnierott's 1 hour by jubu.tpl   46 KB | 847 downloads
File Type: ex4 THV4 TzPivotsMW (Black).ex4   23 KB | 618 downloads
File Type: ex4 b-clock_modified.ex4   2 KB | 592 downloads
File Type: ex4 THV4 InfoPanel.ex4   23 KB | 617 downloads
File Type: mq4 RonnieSignals v3.mq4   13 KB | 616 downloads
File Type: ex4 RonnieSignals v3.ex4   15 KB | 531 downloads
  • #913
  • May 10, 2011 6:49am May 10, 2011 6:49am
Hello Jubu,

One question: Is your new version compatible with build 225 (the old MT4 version of e. g. Alpari) or do we still have problems with the EA if MT4 uses an older MT4 version?

BTW thanks a lot!
  • #914
  • May 10, 2011 6:52am May 10, 2011 6:52am
Jubu,

I have a question about the EMA exit. I set the pips from EMA to 0 so that the trade will exit when hitting EMA15. But it seems this does not work. The trade exit by hitting the -100 SL instead of the EMA15. Is this normal?

Thanks!
  • #915
  • May 10, 2011 6:59am May 10, 2011 6:59am
Quoting jubu
OK.. so last night's topic gave me an idea for a update of the indicator and here it is, v3.

What's New ?
-The Trend direction monitor of H1, H4, and D1 in the top right corner(the corner is modifiable in the properties).
The function determines the trend using two EMAs of 50 applied to high and low just like the strategy does. If the price is above the emas then it's an uptrend and the indi will display UP, if it is in between the two emas it will display [color=Black]IN-BETWEEN, and if it's below the emas it will display...
can't wait to test it! Thanks so much!
  • #916
  • May 10, 2011 7:14am May 10, 2011 7:14am
Quoting Dortmunder
Hello Jubu,

One question: Is your new version compatible with build 225 (the old MT4 version of e. g. Alpari) or do we still have problems with the EA if MT4 uses an older MT4 version?

BTW thanks a lot!
I think you're taliking about the indicator and not the EA and if so it doesn't matter because you have the source code and can compile it yourself on any build or version of the mt. If you want the EA to work on a older version of the MT please give me a pm asking me for the source code and I will send you a download link. After copiling it the EA will work.

Quoting shiningstar
Jubu,

I have a question about the EMA exit. I set the pips from EMA to 0 so that the trade will exit when hitting EMA15. But it seems this does not work. The trade exit by hitting the -100 SL instead of the EMA15. Is this normal?

Thanks!
Are you sure you turned the UseExitOfEMA parameter to true. Cause it should work with the value 0 too. I backtested it with the DistanceOfExitFromEMA set to 0 and it worked fine. If it still dosn't work try and see if it gives you any errors in the Journal or Experts tabs at the moment of exit.


Important : See post #912 for new v3 update of the indicator.
  • #917
  • May 10, 2011 8:00am May 10, 2011 8:00am
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!
Hi Wayne

How is it going this week on the five minute charts
ALso a question
how many pips do you set from the high or low for the trigger
not 10 is it ??? mustr be 3 or something
It is temptingly close to the niceguy ridiculous 7 pip trading system except they do not use pending trades , they just go straight in and also the ma have slightly different params


I would like to see this work for you.
  • #918
  • May 10, 2011 8:16am May 10, 2011 8:16am
Hi peterporter,Variable week so far, as expected! About even at the mo. I've left the trigger at 10 for another week, then will try a lower figure next week. It's an ongoing experiment which I'm not supposing will make me rich, lol. I'm not familiar with the 'niceguy' system but will have a look, presumably it's on a forum on this site?Thanks for you encouragement. W.
  • #919
  • May 10, 2011 10:31am May 10, 2011 10:31am
Quoting jubu
OK.. so last night's topic gave me an idea for a update of the indicator and here it is, v3.
Thanks Jubu
Excellent
  • #920
  • May 10, 2011 12:17pm May 10, 2011 12:17pm
You know what i wonder. I wonder what happened to Ronnie. I haven't seen him around lately.
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