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Attachments: Trendy: a trend-trading EA by SteveHopwood
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Trendy: a trend-trading EA by SteveHopwood

  • #61
  • Aug 11, 2011 5:57pm Aug 11, 2011 5:57pm
I think this is a very promising system but need some fine tuning. Firstly, when price is at point 3, it means it has great potential to go back to point 2 for a retracement. This is natural because price moves in waves. However, I have a better suggestion than blindly jumping in when Price is at Point 2 and that is explain below:

Solution: To reenter, we would use MA5 smooth High and MA5 smooth Low on Daily TF. For example, to reenter long/short, we would wait for price to breeched MA5 Low/High. Just do some eyeballing and you see this phenomenal reoccuring all the time. SL would be 2x the distance between MA5 High and MA5 Low. Exit when price reach Point 3 in conjunction with using trail stop. Also, we can use MA5 smooth High/Low as our exit point. (see attached pictures and template) http://www.forexfactory.com/images/icons/icon7.gif
Attached Image (click to enlarge)
Click to Enlarge Name: Trendy.JPG Size: 107 KB
Attached File(s)
File Type: tpl trendy d1 with ma5.tpl   2 KB | 388 downloads
  • #62
  • Aug 11, 2011 7:03pm Aug 11, 2011 7:03pm
Quoting acostafulano
In order to outcome this (and would like to throw this in for discussion) I would suggest altering the rules a little and have the "points" required for trade opening/closing as a user defined input so we can experiment with say, for example:
-Positions open when the pair scores 3
-The position closes when the pair gets to 2 points

This by itself would give us far more entries/exits as the system in its current form, but it would be more flexible and prone to react to a sudden trend change like the one we're experimenting on several pairs. Also,...
I have attached the latest version here because it is experimental. Ignore the scaling in stuff - I only started this before going away.

You can manipulate OpenPointsThreshold and ClosePointsThreshold to enter/exit trades earlier.

Have fun.

Attached File(s)
File Type: mq4 Trendy.mq4   81 KB | 618 downloads
  • #63
  • Aug 11, 2011 7:24pm Aug 11, 2011 7:24pm
Quoting SteveHopwood
I have attached the latest version here because it is experimental. Ignore the scaling in stuff - I only started this before going away.

You can manipulate OpenPointsThreshold and ClosePointsThreshold to enter/exit trades earlier.

Have fun.

Excellent, I'm gonna try using D1 as the LT, H4 as the IL and H1 as the SL, I'll post my fxbook demos links tommorrow
  • #64
  • Aug 11, 2011 7:55pm Aug 11, 2011 7:55pm
I wonder if TradingTimeFrame is set to 240, why Trendy immediatley places an order without waiting after 4hrs candle ends?


//Trendy looks for a new trade/ closure of open trade at the start of each new candle tf selected by the user
extern string ttf="----Trading time frame----";
extern int TradingTimeFrame=240;
  • #65
  • Aug 11, 2011 9:19pm Aug 11, 2011 9:19pm
Hey Steve,

Thanks for your work on this system. I've been enjoying this thread.

-Just a suggestion for the suggestion box-

Perhaps a Murrey Math Filter, according the Daily TF. Only allow trades between 1 and 7 8ths, (or some variation of that) which would possibly prevent trading into serious correction areas.

Anyhow, just a thought.
  • #66
  • Aug 12, 2011 7:50am Aug 12, 2011 7:50am
Sorry about the bad link Steve.....Fxbook lost contact with my bot somewhere within the last 2 days.....I had to do it over and start again on a new account...
Enclosed is my new link that works......

Have a great weekend

whip

http://www.myfxbook.com/widgets/147589/mini.jpg
  • #67
  • Aug 12, 2011 6:59pm Aug 12, 2011 6:59pm
Latest version of Trendy in post 1, for the backtesters to play with over the weekend.

I don't know what happened to the entry/exit threshold stuff I described a few posts ago. I coded it but must not have saved it, as it was not there when I came to update the bot. Hey ho. It is there now.

Also added the scaling-in stuff.

Details about these new features are in the pdf.

  • #68
  • Aug 13, 2011 4:34am Aug 13, 2011 4:34am
Hi Bullrun,

I like the concept u brought on board, however, I want u to look at ur chart again and look back well in time to backtest. Buy shld actually be when price closes above the 5 smoothed high and sell below the 5 smoothed low.

Chk it and u will see that there is more meat than doing the opposite.

On the tf, u can use 1 hr to time your entry using the 5 smoothed high and low for day trading. It will be great if this can be incorporated into trendy. However, this is only for day trading as u will be in and out of the Market faster than what trendy is out to achieve.

However, the trade will only be on one side only for day trading. For example, if trendy is 2-3 points and up, u will only be taking the close above the 5 smoothed trades only and vice visa for sale.

This is the strategy I have been using for sometime back now, but with trendy available, I only trade in the direction of trendy.

Happy trading




Quoting BullRun
I think this is a very promising system but need some fine tuning. Firstly, when price is at point 3, it means it has great potential to go back to point 2 for a retracement. This is natural because price moves in waves. However, I have a better suggestion than blindly jumping in when Price is at Point 2 and that is explain below:

[font=Arial][size=2]Solution: To reenter, we would use MA5 smooth High and MA5 smooth Low on Daily TF. For example, to reenter long/short, we would wait for price to breeched MA5 Low/High....
  • #69
  • Aug 13, 2011 7:17am Aug 13, 2011 7:17am
Giving this a whirl.

Bless!
  • #70
  • Aug 13, 2011 8:53am Aug 13, 2011 8:53am
Party time
  • #71
  • Aug 13, 2011 2:34pm Aug 13, 2011 2:34pm
Quoting Ibuks
Hi Bullrun,

I like the concept u brought on board, however, I want u to look at ur chart again and look back well in time to backtest. Buy shld actually be when price closes above the 5 smoothed high and sell below the 5 smoothed low.

Chk it and u will see that there is more meat than doing the opposite.

...
Hi, Ibuks,


I have one reservation with your thinking and here is the question for you.

At some point in time, you would need to take profit which is normal. However right after you took profit, price would still be above/below the 5 smoothed high/low which would also be at Point 3 level and my question for you would be would you enter long/short again? If yes, then the very moment you entered, price may be due for a huge retracement and be caught in a huge dd like what we now experiencing with -800 to -900 pips on chfjpy and gbpchf and a few others in the making. This is exactly what would happen if we follow the trend or trade anything that is above/below MA5 smooth in this example. What is your solution to this problem?
  • #72
  • Edited 3:44pm Aug 13, 2011 3:03pm | Edited 3:44pm
Hi Bullrun,

Your reservation is very valid.

The first thing to learn before trading any strategy is sup/res area. If this is well understood, it will prevent buying the top and selling the bottom.

So in response to your reservation, I will advice that any trading strategy should incorporate sup/res.

Secondly, when tp is reached, personally, I will wait for retracement b4 rejoining the bus. So for example, if trading the strategy using the 1hr to time entry, once profit is taken, another trade will only be taken if price retraces.

However, the way I trade is that i usually take multiple lots with tp at different levels. This is the way I try to ride the trend as long as the mkt allow me.

I hope this help.

Happy trading.


Pls Note: Bullrun, try and use 5 smoothed on the open and close and compare.

Quoting BullRun
Hi, Ibuks,


I have one reservation with your thinking and here is the question for you.

[font=Arial][font=Arial][size=3]At some point in time, you would need to take profit which is normal. However right after you took profit, price would still be above/below the 5 smoothed high/low which would also be at Point 3 level and my question for you would be would you enter long/short again? If yes, then the very moment you entered, price may be due for a huge retracement and...
  • #73
  • Aug 13, 2011 4:35pm Aug 13, 2011 4:35pm
One more update in post 1.

I have added an 'Early warning' ma trendline facility - details in the pdf but should be obvious if you can use the trend line in the first place.

Have fun, all ye FF system-manipulators.

  • #74
  • Aug 13, 2011 4:41pm Aug 13, 2011 4:41pm
Quoting Ibuks
Hi Bullrun,

...Secondly, when tp is reached, personally, I will wait for retracement b4 rejoining the bus. So for example, if trading the strategy using the 1hr to time entry, once profit is taken, another trade will only be taken if price retraces.

However, the way I trade is that i usually take multiple lots with tp at different levels. This is the way I try to ride the trend as long as the mkt allow me.

I hope this help.

Happy trading.


Pls Note: Bullrun, try and use 5 smoothed on the open and close and compare.
Hi, Ibuks,

Going along with your idea of only open when price is above/below MA5 smooth for long/short with the following qualifications.

1. That the prior one/two candle ago had experience a MA5 low/high before we would open long/short.
2. That we will stay in our trade until it experience a burst of breakout at 1x the distance of MA5 smooth High and Low. (This means an exhausion likely to occur and price might retrace back to MA5 High/Low for Long/Short.
3. (optional) When price touch MA5 High, we will open another Long with smaller lot and ride the trend and this time we will close the trade if it burst upward. (See picture)
Attached Image (click to enlarge)
Click to Enlarge Name: Trendy#1.JPG Size: 96 KB
  • #75
  • Aug 15, 2011 2:30am Aug 15, 2011 2:30am
I have found some dopey coding in the early warning line stuff; fixed in post 1.

  • #76
  • Aug 15, 2011 3:32am Aug 15, 2011 3:32am
One more update in post 1. I have re-ordered the low-margin code so that Trendy displays this after the usual screen info, rather than instead of.

  • #77
  • Aug 16, 2011 1:14am Aug 16, 2011 1:14am
Anyone having problems with Trendy closing trades for a big loss for no apparent reason ? I've lost over £200 yesterday. No stop loss. More or less OOTB with only a minor change to JS = 50 pips.

Any ideas ?
  • #78
  • Aug 16, 2011 4:16am Aug 16, 2011 4:16am
Quoting Rascacio
Anyone having problems with Trendy closing trades for a big loss for no apparent reason ? I've lost over £200 yesterday. No stop loss. More or less OOTB with only a minor change to JS = 50 pips.

Any ideas ?
it's not a bug, it's a feature

probably the point count has turned to something lower than 2 which causes the closing.
  • #79
  • Aug 16, 2011 7:09am Aug 16, 2011 7:09am
Quoting ido370
it's not a bug, it's a feature

probably the point count has turned to something lower than 2 which causes the closing.
Yes looks like you might be right. Just re-read the PDF and it states -

Trade exit:
Mr Goslin is characteristically vague about this – aren't most people that write trading
books? It does not help that he was successful before access to Forex became so widely
available and traded different markets; some of what he says clearly does not apply to
such a fast-moving marketplace as Forex.
I use:
1. Manual closure.
2. Jumping stops.
3. Point count dropping below 2.
Trendy implements 2 & 3.

I obviously didn't pay enough attention to this. Still, it looks like we are trading with an unknown stop loss which could be triggered at any time. A user input to control this type of closure would be good, if the above is the case.
  • #80
  • Aug 16, 2011 9:43am Aug 16, 2011 9:43am
Quoting Rascacio
Yes looks like you might be right. Just re-read the PDF and it states -

Trade exit:
Mr Goslin is characteristically vague about this – aren't most people that write trading
books? It does not help that he was successful before access to Forex became so widely
available and traded different markets; some of what he says clearly does not apply to
such a fast-moving marketplace as Forex.
I use:
1. Manual closure.
2. Jumping stops.
3. Point count dropping below 2.
Trendy implements 2 & 3.

I obviously didn't pay enough attention to this....
just enter a fixed SL at each trade.....problem solved. all functions are described in the manual
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