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  • #1,461
  • Jun 20, 2011 1:03pm Jun 20, 2011 1:03pm
ok, then how to save it, in which folder does the file need to be save. i dont have a folder name expert adviser folder. sorry to ask coz i never save an EA before accept indicator in "expert" folder and template in "template" folder.

need some help ??
  • #1,462
  • Jun 20, 2011 1:04pm Jun 20, 2011 1:04pm
Quoting starlimit03
Kevin,
thanks so much for your system,I have been following it for a while thou. I recently observered that the TMA gives a different sets of value as soon as the charts are closed and restarted offline. The values generated offline do not match when checks offline after a while. I was wondering if Im missing something or thats the way it actually is? Please can you clearify on this issue. All the same I have had very good setups using this method,but Im just looking for a way to automate it as my job doesnt allow me be on...
I believe you get the same effects when you change time frames. So if I see a trade setting up, I go to 15m and then go back again. Things seem to reset when I do that.
Michael
  • #1,463
  • Jun 20, 2011 1:04pm Jun 20, 2011 1:04pm
Quoting Cicak
ok, then how to save it, in which folder does the file need to be save. i dont have a folder name expert adviser folder. sorry to ask coz i never save an EA before accept indicator in "expert" folder and template in "template" folder.

need some help ??
The expert folder
  • #1,464
  • Jun 20, 2011 1:05pm Jun 20, 2011 1:05pm
Quoting Cicak
ok, then how to save it, in which folder does the file need to be save. i dont have a folder name expert adviser folder. sorry to ask coz i never save an EA before accept indicator in "expert" folder and template in "template" folder.

need some help ??
Yes, save the file in the experts folder. Then if you have your MT4 running close it and open it again. Then in the Navigator you should see the EA in the expert advisers section.
  • #1,465
  • Jun 20, 2011 1:17pm Jun 20, 2011 1:17pm
Quoting starlimit03
Kevin,
thanks so much for your system,I have been following it for a while thou. I recently observered that the TMA gives a different sets of value
TMATrue doesn't repaint. The attached version doesn't have the pip distances, but it does accurately reflect where the channel was. There was great discussion of this in Nanningbob's trend trading thread, where it was explained that, in the present moment, both TMA indies are in the same place. It's only afterward that the 'pretty' one smooths itself out. For our purposes, I believe either one will work fine.
Attached File(s)
File Type: mq4 TmaTrue.mq4   5 KB | 581 downloads
  • #1,466
  • Jun 20, 2011 1:42pm Jun 20, 2011 1:42pm
Hi all,

How important is it to use the retracement indi for entries? I noticed that even is the price touches the TMA and the reversal PA happens, the retracement indi does not show the signal for a while. This could result in a delayed entry

Thoughts please

Thanks
Vicky
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Fall seven times, stand up Eight! #GGMU
  • #1,467
  • Jun 20, 2011 2:15pm Jun 20, 2011 2:15pm
Quoting SteveHopwood
I have enjoyed myself today and made a lot of pips by:

 

  1. waiting for 1-Retracement to send a nice jingly alert
  2. checking that the H4 and H1 stochs are both heading in the same direction as the proposed trade
  3. checking that the market is within the TMA lines
  4. stop loss the most recent swing high/low
  5. take profit the opposite direction outermost TMA line
  6. adjusting the tp in line with TMA movement

The attached makes mucking around with tp/sl a lot easier. It is an EA and lives in the Experts folder. Drag it onto the chart...

Hi,
I put it to you blunt my friend with my appolegies ahead..
EA will not work for this system or any other system... its a waist of time and stops the learning process of everyone..

secondly... saying you made alot of pips will not help anyone.. this is a show and tell thread.. it serves the community better in many ways.. (not to saying that you did not make a lot pis.. its just irrelevant..).. the owner of the thread has been very clear about this issue from the get go.

back to EA story..
Market throws too many different shapes and forms in its unique way.. and it's the simple reason why no automated system has worked consistently up to date and has not produced no real millionaires.. but there are many successful traders who trade manually and put their skill and ability to work each and everyday and has made millions.. that's the wining way and there is no short cut for it..

that's just make take on EA... however be my guest everyone.


just a humble advice with no offense to anyone.


best wishes to all.
  • #1,468
  • Edited 3:02pm Jun 20, 2011 2:41pm | Edited 3:02pm
I think that the tide may be turning. Indeed, there have been very few very successful robots, but there were many, many failures before a powered aircraft was controllable. Now, we accept planes, trains, cars and computers as commonplace. There are a few coders who are at the cutting edge. I happily point out that Hopwood is one of these. He already has at least one, and possibly two or three robots that seem impervious to loss. Time will tell.
Goldman-Sachs reputedly has a rapidly-trading robot that has never suffered a loss.
A few centuries ago, when I was young, race-cars were all equipped with manual transmissions. Automatic transmissions were a joke.
Look now: all the fastest cars use automatic transmissions, since humans are simply too inefficient.

Best regards, Glenn
  • #1,469
  • Jun 20, 2011 2:44pm Jun 20, 2011 2:44pm
Quoting P.Dean
back to EA story..
Market throws too many different shapes and forms in its unique way.. and it's the simple reason why no automated system has worked consistently up to date and has not produced no real millionaires.. but there are many successful traders who trade manually and put their skill and ability to work each and everyday and has made millions.. that's the wining way and there is no short cut for it..
Actually, if I'm not mistaken in this thread it is iterated over and over again to stick to the rules, the rules are simple, and they work. To me it seems that this type of system is a prime candidate to be automated.
If you program an EA that follows the rules, what is the difference from trading manually while following the rules?
  • #1,470
  • Jun 20, 2011 2:55pm Jun 20, 2011 2:55pm
Quoting winsteadglenn
I think that the tide may be turning. Indeed, there have been very few very successful robots, but there were many, many failures before a powered aircraft was controllable. Now, we accept planes, trains, cars and computers as commonplace. There are a few coders who are at the cutting edge. I happily point out that Hopwood is one of these. He already has at least one, and possibly two or three robots that seem impervious to loss. Time will tell.
Goldman-Sachs reputedly has a rapidly-trading robot that has never suffered a loss.

Best regards,...

Two words.. Humans Emotions..

that's what your dealing with in market trading.. you can not put a square box around that to produce for you in consistent manner...

GS.. they are different league.. irrelevant here.. plus don't be 100% sure about that.. they are the snake of the market along with other big guns.. don't fall for what they say or do.
  • #1,471
  • Jun 20, 2011 2:59pm Jun 20, 2011 2:59pm
Quoting P.Dean
Hi,
I put it to you blunt my friend with my appolegies ahead..
EA will not work for this system or any other system... its a waist of time and stops the learning process of everyone..

secondly... saying you made alot of pips will not help anyone.. this is a show and tell thread.. it serves the community better in many ways.. (not to saying that you did not make a lot pis.. its just irrelevant..).. the owner of the thread has been very clear about this issue from the get go.

back to EA story..
Market throws too many different shapes and forms...
Thank you Steve for showing interest in this style of trading and attempting to automate it for those of us who still believe that it can be done.

What Steve has given to us already in the thread you reference, simply makes trading manually much simpler.....you should try it!

I would also like to add that many of us have limitations.......I live on the west coast, USA. I cannot stay up all night to trade the sweet spot of the market. Age and personal habits preclude it.

I am sure that Steve will open his own thread for the EA when it is released, and not impact what is trying to be done here by Kevin.

Thank you Steve....Please plunge forward, I beg you!

Tom K
  • #1,472
  • Jun 20, 2011 3:01pm Jun 20, 2011 3:01pm
Hi Vickym

Kevin has mentioned this in a recent post:-

In effect - the retracement finder is there to help you in the beginning

as you get better in the logic behind the system the retracement finder becomes less necessary to the point that you are anticipating the retracement signal and entering before.

The retracement finder simply indicates that a retracement has taken place, in time, it is easier to see this purely from price action.

Regards
John

Quoting vickym
Hi all,

How important is it to use the retracement indi for entries? I noticed that even is the price touches the TMA and the reversal PA happens, the retracement indi does not show the signal for a while. This could result in a delayed entry

Thoughts please

Thanks
Vicky
  • #1,473
  • Edited 3:18pm Jun 20, 2011 3:03pm | Edited 3:18pm
Quoting azertyken
Actually, if I'm not mistaken in this thread it is iterated over and over again to stick to the rules, the rules are simple, and they work. To me it seems that this type of system is a prime candidate to be automated.
If you program an EA that follows the rules, what is the difference from trading manually while following the rules?
correct my friend... following the rules is the corner stone of any system.. but at same time the smallest discretion/sense by a trader is as important.. to reject a valid signal on entry and other times to accept..
now on exit... we don't have any firm strategy here.. do we?.. its just at the band touch we must still use our discretion to either bank or let it run for more.. now try to EA that i wish you all the luck you want for that.
  • #1,474
  • Jun 20, 2011 3:09pm Jun 20, 2011 3:09pm
Hi All

My own personal take on an automated Robot is that there should NOT be one.

Too many threads in FF start off with a good system, then are reduced into a constant discussion about robots, completely missing the point of learning the system.

Don't get me wrong, I am not against Robots in general, however in threads that is based on a manual system it should remain that way.

I am sincerely hoping that this thread does not follow the same path as many other good threads on FF by turning into a Robot discussion.

Regards, John
  • #1,475
  • Edited 3:40pm Jun 20, 2011 3:14pm | Edited 3:40pm
Too good to miss

PS Looking for an indie that plots squiggly lines if anyone has one
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  • #1,476
  • Jun 20, 2011 3:15pm Jun 20, 2011 3:15pm
Hi guys, today i couldnt stand in front my pc, how was the day?

does anyone get 200 pips today?
  • #1,477
  • Jun 20, 2011 3:49pm Jun 20, 2011 3:49pm
Quoting tkerlinger
Thank you Steve for showing interest in this style of trading and attempting to automate it for those of us who still believe that it can be done.

What Steve has given to us already in the thread you reference, simply makes trading manually much simpler.....you should try it!

I would also like to add that many of us have limitations.......I live on the west coast, USA. I cannot stay up all night to trade the sweet spot of the market. Age and personal habits preclude it.

I am sure that Steve will open his own thread for the EA when it is released,...
Hi Tom... i hear you brother.. west coast is where i live half of the year myself as well, it is a bitch to trade.. but it's far better than waking up in the morning with a margin call up your ass with EA managing your account.. EA is not the solution for you..
a real super-duper EA if it does exist, it will need a watch dog programer/coder on top of it as well... it can not be managed by the avg joe trader only guys like me and you..

to everyone..
believe me guys when i tell you.. i had two programers/coders, real smart experienced ones too who had worked with me and knew the inside and outs of my trading system mentality who could code just about anything that came out of my mouth and put it in codes.. plus the use of any indicators that i wanted them to make and put it to work to bring in the mix of all.. still did not work consistently... plus I had one other guy to constantly watch the damn thing all the time for crash, hangs, vps problems, you name it, etc..
my only problem with trading at this stage of my life is that i am not hungry like i used to and have got lazier as time has gone by...my passion for trading is not on consistent manner anymore.. so to put in less time or when i want i gave the EA a shot.. hired the best.. paid them very well and set a very strategic planning into it.. worked with this guys for over 6mo.. put over 100k worth of investment ... the very same system that i comfortably avg 40-50 positive pips a day consistently trading manually.. did not happen on EA.. I tried, I gave a real serious go at it.. but it did not happen.

like I said.. be my guest.. everyone has to try it for himself to know for real.

this is my last post about EA.


regards,
Dean
  • #1,478
  • Jun 20, 2011 3:54pm Jun 20, 2011 3:54pm
Very interesting system, I can't wait to give it a try. Although I cannot hit the NY & London session, I will be giving it a stab with the Asian Market. I just finished reading all 99 pages on this thread, seems simple enough...wish me luck and happy hunting for everyone else!
Damn The Torpedoes, Full Speed Ahead!
  • #1,479
  • Jun 20, 2011 4:01pm Jun 20, 2011 4:01pm
Quoting P.Dean
Hi Tom... i hear you brother.. west coast is where i live half of the year myself as well, it is a bitch to trade.. but it's far better than waking up in the morning with a margin call up your ass with EA managing your account.. EA is not the solution for you..
a real super-duper EA if it does exist, it will need a watch dog programer/coder on top of it as well... it can not be managed by the avg joe trader only guys like me and you..

to everyone..
believe me guys when i tell you.. i had two programers/coders, real smart experienced ones too...
i concur. for all the trouble that comes with an EA in MT4 you may as well learn to control your emotion and get on with it manually.
  • #1,480
  • Jun 20, 2011 4:15pm Jun 20, 2011 4:15pm
Wow
Talk about the calm before the storm!!!!!!!
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