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Simple Scalp Machine

  • #161
  • May 12, 2011 7:25am May 12, 2011 7:25am
Quoting GarethC
Could be a bug in the wellxAMA as have replaced it in the code with "AMA optimized" indicator. Have checked and they seem to give exactly the same results.

Have not done any optimization and the results of the graph are for TF = 5M, SL=20, periodAMA=11 and no trailing stop. Have also a BEP=15 and BEProfit=5.

Notice that it gives away a lot of pips when there is a large move up/down. Perhaps the JumpingStop might be a solution!!
OK
but I don't understand why there is a TP and a SL.
It's simple : 1st buy dot --> BUY and as soon as appears a sell dot --> close BUY and SELL....and as soon as appears a buy dot --> close SELL and BUY again....etc etc..
no need SL and TP
when we understand the work of the indicator, the EA is easy to code
the Steve's EA is too complex
in manual trading 1M , this indy is awesome
  • #162
  • May 12, 2011 8:55am May 12, 2011 8:55am
Hi Madscalp

I agree with you and after some testing, the setting I gave, gave the best result. (You set the SL and TP to 0 and they are disabled.)

Please look at the attached graph. This gave losses and 1 small win. I am waiting for the bar to complete and the dot to be fixed then I open the trade at the start of the next bar. In the graph the AMA and the trend are out of sequence and this gives away all the profit. The entry is very good but I will be working on the exit for both cases, profit and loss to maximize the profit. The problem is that the AMA captures the long trends very well and I don't want to loose that feature. (I could for example use a "no dot" as an exit but this will kill the good long trades.)

An option could be that when the price opens on the opposite side of the AMA line then I close and wait for the price to re cross the line and a dot to form and then re enter the trade. What do you think of that?

regards
Attached Image (click to enlarge)
Click to Enlarge Name: ama-ea loss.jpg Size: 66 KB
  • #163
  • May 12, 2011 10:22am May 12, 2011 10:22am
Quoting GarethC
Hi Madscalp

I agree with you and after some testing, the setting I gave, gave the best result. (You set the SL and TP to...
Sometimes nothing is working like your example.
In this case, it's difficult to make money with insurance.
You can try your option...maybe interesting
  • #164
  • May 13, 2011 3:22am May 13, 2011 3:22am
With a good trend, it's better
You can try in M2....this TF works like a filter
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 167 KB
  • #165
  • May 13, 2011 4:54am May 13, 2011 4:54am
See the difference between M1 and M2.
With M2, we avoid 2 bad trades.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.jpg Size: 178 KB
  • #166
  • May 17, 2011 11:02am May 17, 2011 11:02am
Quoting GarethC
Could be a bug in the wellxAMA as have replaced it in the code with "AMA optimized" indicator. Have checked and they seem to give exactly the same results.

Have not done any optimization and the results of the graph are for TF = 5M, SL=20, periodAMA=11 and no trailing stop. Have also a BEP=15 and BEProfit=5.

Notice that it gives away a lot of pips when there is a large move up/down. Perhaps the JumpingStop might be a solution!!

If you could read the Code then you can show me the bug, please. There isn't one!
  • #167
  • May 17, 2011 11:45am May 17, 2011 11:45am
Silver, M1, 2011 Mai 17

You could also focus the EMA200 as an Exit Line in this example.
Attached Image (click to enlarge)
Click to Enlarge Name: Silver, M1, 2011 Mai 17.jpg Size: 325 KB
  • #168
  • Edited 2:50am May 18, 2011 2:12am | Edited 2:50am
Quoting Forexcube
Silver, M1, 2011 Mai 17

You could also focus the EMA200 as an Exit Line in this example.
I hope you have SLs set for your silver positions, that thing is really volatile on account of CMEs margin idiocracy. Probably its done for the time being but still, better safe then sorry.

Anyway happy trading for the rest of the week buddy!
My signature is: "Classified".
  • #169
  • May 18, 2011 5:02am May 18, 2011 5:02am
Quoting Forexcube
If you could read the Code then you can show me the bug, please. There isn't one!
Hi

Unfortunately know nothing about indicator coding. Have had a look at the code for the AMA optimized and wellzAMA and the code is different. Not sure why it is so. All I have found is that on the EA the one is stable and the other is not. In terms of chart indication, they both seem to give exactly the same result with the same settings.

I see this as a great indicator for getting into the trade. I am looking into how/when to close the trade for maximizing the profit. (Trying NRTR_ATR_STOP at the moment.)
  • #170
  • May 18, 2011 8:58am May 18, 2011 8:58am
The wellxAMA Indicator don't have a bug.
  • #171
  • May 30, 2011 5:12pm May 30, 2011 5:12pm
Trailing Stop EAs for MT4

Link:
http://forex-strategies-revealed.com...iling-stop-eas

All EAs should be copied into the "/Experts" folder.
Attached Image
  • #172
  • Edited May 31, 2011 4:30am May 30, 2011 6:55pm | Edited May 31, 2011 4:30am
EURUSD, M1, 2011 Mai 31

Trade Example
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2011 June 01.jpg Size: 353 KB
  • #173
  • Edited 7:08am May 31, 2011 4:33am | Edited 7:08am
EURUSD, M1, 2011 Mai 31

Short @ 1.4415

Stop Loss or Hedging @ 1.4422/25
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, M1, 2011 Mai 31.jpg Size: 307 KB
  • #174
  • Edited 4:51am May 31, 2011 4:40am | Edited 4:51am
Global View:
The monthly candle looks currently like in the frame below:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD, Monthly, 2011 Mai 31.jpg Size: 196 KB
  • #175
  • May 31, 2011 7:09am May 31, 2011 7:09am
Quoting Forexcube
EURUSD, M1, 2011 Mai 31

Short @ 1.4415

Stop Loss or Hedging @ 1.4422/25
see #174

EURUSD, M5, 2011 Mai 31
EURUSD, M1, 2011 Mai 31

Switched at M5 in the meantime and decide to go out of the market just now. If I trade M1/M5 30 pips are really enough most of the time for me.

Advanced Level Trading?
Market price has reached the lower Band of Bollinger Band at M1 & the candle has forming a hammer. I don't often wait if the first green dot will appear for an exit.

Exit @ 1.4378

Profit: +37 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD, M5, 2011 Mai 31.jpg Size: 306 KB
Click to Enlarge Name: EURUSD, M1, 2011 Mai 31, 14h00 GMT+1.jpg Size: 292 KB
  • #176
  • May 31, 2011 11:21am May 31, 2011 11:21am
Worldtime

http://www.worldtimebuddy.com/?lid=5...7896&h=5368361
Attached Image (click to enlarge)
Click to Enlarge Name: Worldtime.jpg Size: 439 KB
  • #177
  • Jun 2, 2011 1:56am Jun 2, 2011 1:56am
DAX
M30Jun11, M1, 2011 June02
M30Jun11, M5, 2011 June02

Long @ 0.7159

More conservative traders could wait for a confirmation at M5.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Ger30Jun11, M1, 2011 June 02.jpg Size: 321 KB
Click to Enlarge Name: Ger30Jun11, M5, 2011 June 02.jpg Size: 313 KB
  • #178
  • Jun 2, 2011 3:03am Jun 2, 2011 3:03am
AUDCAD, M5, 2011 June 02
AUDCAD, Monthly, 2011 June 02

Short @ 1.0404

(Excursion:
May be this trade could run down at a longer term frame also - see monthly chart, please. I should trade one order at M5 and once more at the monthly frame)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD, M5, 2011 June 02.jpg Size: 421 KB
Click to Enlarge Name: AUDCAD, Monthly, 2011 June 02.jpg Size: 409 KB
  • #179
  • Jun 2, 2011 9:10am Jun 2, 2011 9:10am
Trade Example

Trading with the Pivotal Points.

EURUSD, M5, 2011 June 02

Trading the WellxAMA with the Pivotal Points could be at EURUSD, M5 a great thing.

Enter Long at DPV 1.4365 (Point A), and Exit at mR2 1.4470 (Point B or Point C). You could run your profit under this market conditions of high volatility and momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: Trade Example, EURUSD, M5, 2011 June 02.jpg Size: 324 KB
  • #180
  • Jun 3, 2011 8:11am Jun 3, 2011 8:11am
No trades today on NFP day?
My signature is: "Classified".
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