Lock, Stoch and 3 smoking timeframes EA | Forex Factory

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Lock, Stoch and 3 smoking timeframes EA

  • #1
  • First Post: Edited Jun 22, 2011 2:13am Jun 21, 2011 9:03am | Edited Jun 22, 2011 2:13am
I take no responsibility whatsoever for people choosing to use this EA.

I wanted to write an EA for myself but wanted to share it as other people may find it helpful.

It is based on 3 different timeframe stochastics, a low timeframe (LTF), a medium timeframe (MTF) and a high timeframe (HTF). When all three timeframes are over 80 on the stochs at the close of their bars then a signal or trade (depending on what you choose in the inputs) is taken short.

When all three timeframes are below 20 on the stochs at the close of their bars then a signal or trade (depending on what you choose in the inputs) is taken long.

The timeframes I use (and which are the defaults) are:

LTF = 5 min (5,3,3)
MTF = 60 min (14,3,3)
HTF = 240 min (10,3,3)

The timeframes and all stochastic settings are changable in the inputs.
All the other inputs should be self explanatory.

Like I said you can either just use it as a signal, or to actually open a trade, your choice.

Any questions please ask.

Jimmy

P.S - If you are using this as just a signal/mail alert then make sure the EachTickMode input is set to false (default) or you will recieve an alert every tick, and put the EA onto the timeframe that you are using for your lowest stochastic (default 5 min).

UPDATE:
At the moment there are problems with the Email/alert function of the original EA. It sends many alerts instead of just one, and I cant figure out the problem. Any coders that can have a look I would appreciate it. Using the EA for orders is fine and not affected by this.

Multipair EA.
Attached is also the multipair EA. This is only used for opening orders (not signals) but you can choose as many pairs as you wish in the inputs and you only have to attach one instance of the bot to one chart and the timeframe is irrelevant. This is the one I prefer to use at the moment.

Any coders who feel they could improve the EA's in any way please go ahead but please give different names to the different EA's (i.e ver1,ver2 etc.).
Attached File(s)
File Type: mq4 Lock Stoch and 3 smoking timeframes EA.mq4   10 KB | 716 downloads
File Type: mq4 Lock Stoch and 3 smoking timeframes multipair EA.mq4   11 KB | 732 downloads
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #2
  • Jun 21, 2011 9:22am Jun 21, 2011 9:22am
A new version of the EA has been uploaded to post 1. The only thing changed is the EachTickMode variable has been added as described in post 1.
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #3
  • Jun 21, 2011 10:26am Jun 21, 2011 10:26am
I give it the Best Name for an EA award.
  • #4
  • Jun 21, 2011 2:19pm Jun 21, 2011 2:19pm
P.S - If you are using this as just a signal/mail alert then make sure the EachTickMode input is set to false (default) or you will recieve an alert every tick, and put the EA onto the timeframe that you are using for your lowest stochastic (default 5 min).[/quote]

Jimmy,

This looks great. I think along these lines as well. If you are using the EA to open trades, does it matter which time frame chart you attach it to? Or does it reference all three timeframes wherever it is?

Have you read the TEB2 thread? He suggests a MTF Stoch simple trading system as well, but there's no EA and one would have to watch the charts all day for appropriate signals.

Gila
  • #5
  • Jun 21, 2011 3:22pm Jun 21, 2011 3:22pm
hi Gila,
If you are using the EA to open trades then it doesn't matter what time frame you put the EA on as it references the three time frames whereever it is.

I have read the TEB2 thread but will re-read it and see if I can code an EA for it.

There is a slight problem with the EA email/alert function at the moment, as it keeps sending loads of emails even when Eachtickmode is false.

If there are any coders reading this thread could you have a look at it and see if you can find the problem, as I can't.

This doesn't affect anything if you just use the bot to open trades though.

I am going to leave the original bot posted for coders to look at but I will also post this other EA I coded up as well. This one cannot be used for signals only trades but it is multi-pair/multi-time frame. Input all the pairs you want it to trade seperated by a , (found in the inputs) and only one instance of the EA needs to be attached to one chart - timeframe is irrelevant.

Let me know how you get on.

Jimmy
Attached File(s)
File Type: mq4 Lock Stoch and 3 smoking timeframes multipair EA.mq4   11 KB | 579 downloads
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #6
  • Jun 21, 2011 3:32pm Jun 21, 2011 3:32pm
Hi Jimmynoodles,

Nice bit of work there.
Might I suggest to set the trade trigger for a sell to be as follows for the three timeframes:
1. When the Stoch values are > 80 and
2. When the Stoch value (green line) drops to be less than the Stoch signal (red line).

And the opposite applied in the case for a buy trade with Stoch <20.
Might help in avoiding getting into some trades too early.
Regards,
Pipernet.
  • #7
  • Jun 21, 2011 3:42pm Jun 21, 2011 3:42pm
Quoting pipernet
Hi Jimmynoodles,

Nice bit of work there.
Might I suggest to set the trade trigger for a sell to be as follows for the three timeframes:
1. When the Stoch values are > 80 and
2. When the Stoch value (green line) drops to be less than the Stoch signal (red line).

And the opposite applied in the case for a buy trade with Stoch <20.
Might help in avoiding getting into some trades too early.
Regards,
Pipernet.
Yes I could do that. On which timeframe though, the lowest? I don't think it would work with all three.
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #8
  • Jun 21, 2011 4:01pm Jun 21, 2011 4:01pm
I agree, could be a rare event when all three timeframes line up for a trade with green below red Stoch.

Could use just one iStochastic and set the timeframe in the indicator to 0 so EA is just using the timeframe on the chart or the tester. Porbable 4H is going to prove to be the best.

Regards,
Pipernet.
  • #9
  • Jun 22, 2011 2:16am Jun 22, 2011 2:16am
I have added two new inputs. They are high_stoch_threshold and low_stoch_threshold. These are the levels that all 3 stochs must be over or under. High is default 80 and low is default 20. I am going to see how it goes changing them to 10 and 90. May get fewer trades but better entries.

Both the bots in post 1 have been updated with these inputs.
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #10
  • Jun 22, 2011 7:44am Jun 22, 2011 7:44am
Quoting jimmynoodles
I have added two new inputs. They are high_stoch_threshold and low_stoch_threshold. These are the levels that all 3 stochs must be over or under. High is default 80 and low is default 20. I am going to see how it goes changing them to 10 and 90. May get fewer trades but better entries.

Both the bots in post 1 have been updated with these inputs.
Hi Jimmy,

I installed the multipair version about an hour ago and haven't gotten any trades yet using default settings. I'm not very knowledgable about ea's. Maybe I'm missing something? Can the default settings be used?

I tried to run it through Strategy Tester. Now I ran it through Strategy Tester with G/U and the results were profitable. The modelling quality was poor (in both cases).

I guess my question is, besides the Stoch Threshold that you added, can I use the default settings or would it be better to change some these settings? Any suggestions?

Thanks again for your great work.

Gila
  • #11
  • Jun 22, 2011 1:43pm Jun 22, 2011 1:43pm
Quoting gilab
Hi Jimmy,

I installed the multipair version about an hour ago and haven't gotten any trades yet using default settings. I'm not very knowledgable about ea's. Maybe I'm missing something? Can the default settings be used?

I tried to run it through Strategy Tester. Now I ran it through Strategy Tester with G/U and the results were profitable. The modelling quality was poor (in both cases).

I guess my question is, besides the Stoch Threshold that you added, can I use the default settings or would it be better to change some these settings? Any...
Hi Gila,

The robot doesnt trade a lot due to the nature of the triggers (the 3 stochs having to all line up) so an hour or two isn't really enough time to tell.

One thing you need to make sure is that the smily face in the top right of the screen is smiling and not frowning. If it is frowning then the live trading option isn't activated in the EA options.

The default options should be fine (I am using 10 and 90 now though), just make sure that you have only listed the pairs that you want to trade.

Other than that it is just waiting really. If you see a pair that you think should have taken a trade but didn't then post a screen shot and let me know.

To be honest yesterday quite a few trades were taken by the EA which means most of them have now moved out of the 80/20 range by today so you may not see many trades until the stochs line up again.

I hope this makes sense, please let me know when it takes a trade or otherwise.

Jimmy
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #12
  • Jun 22, 2011 2:31pm Jun 22, 2011 2:31pm
Hi Jimmy,

I like this EA very much, it took some trades Yesterday without closing any.
If take profit set to false , when it will be closed.

thanks
  • #13
  • Jun 22, 2011 3:13pm Jun 22, 2011 3:13pm
Quoting FXtime
Hi Jimmy,

I like this EA very much, it took some trades Yesterday without closing any.
If take profit set to false , when it will be closed.

thanks
If take profit or stop loss is set to false then the management of the trade is completely up to the trader i.e it won't close until you close it.

Jimmy
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #14
  • Jun 23, 2011 10:03am Jun 23, 2011 10:03am
Hey Jimmy, here's a couple screenshots (4h and 1h [with a 4h stoch]) and the indies and template used. The RSI candles and the HA bars make for nice filters, with the stoch identifying cycles. Pretty self-explanatory. Stops would be above/below the previous swing. I look forward to your feedback.

Mike
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jimmy 1.gif Size: 20 KB
Click to Enlarge Name: jimmy 2.gif Size: 18 KB
Attached File(s)
File Type: mq4 HA SW.mq4   4 KB | 569 downloads
File Type: mq4 RSI Candle.mq4   3 KB | 632 downloads
File Type: ex4 MTF Stochastic.ex4   5 KB | 558 downloads
File Type: tpl 2.tpl   2 KB | 506 downloads
  • #15
  • Jun 23, 2011 12:56pm Jun 23, 2011 12:56pm
Cool thanks,

Bit busy 2moro and over the weekend but will try and have a look when I can.
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #16
  • Jul 13, 2011 9:54pm Jul 13, 2011 9:54pm
Just wondering, should there be a MAGIC NUMBER in the EA when you first set it up, there is a zero there..
  • #17
  • Jan 23, 2024 2:32pm Jan 23, 2024 2:32pm
I'm so excited to try this out. I was using the RSI, same idea but had to wait for the 4hr candle to candle before scanning for trades.
With d stoch it seems all can line up at anytime. That'll be great
  • #18
  • Last Post: Jan 23, 2024 2:38pm Jan 23, 2024 2:38pm
Quoting pipernet
Hi Jimmynoodles, Nice bit of work there. Might I suggest to set the trade trigger for a sell to be as follows for the three timeframes: 1. When the Stoch values are > 80 and 2. When the Stoch value (green line) drops to be less than the Stoch signal (red line). And the opposite applied in the case for a buy trade with Stoch <20. Might help in avoiding getting into some trades too early. Regards, Pipernet.


WIll all 3 TF get out of oversold/bought before place trade or just on the first TimeFrame to get back in range
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