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  • #21
  • Nov 7, 2011 2:41am Nov 7, 2011 2:41am
Quoting jiva34
Using this reasoning, I would look for a short entry on the cross template and ignore the buy signal, since the lsma21 is trending down...
So are you using the coloured Ma for entries or the cross over alerts?
  • #22
  • Nov 7, 2011 2:59am Nov 7, 2011 2:59am
Quoting Stumpy1
So are you using the coloured Ma for entries or the cross over alerts?
Which ever one comes first I look to see what the other one is saying.
Either one of these would show a profit all by itself over time, but I am trying to fine tune.
  • #23
  • Nov 7, 2011 3:31pm Nov 7, 2011 3:31pm
Quoting jiva34


I've been trying to modify an ea from another system to trade this but my coding skills, if you can call them that, are pretty rudimentary. I'm learning but it's still along way from here to there before I could actually do this. Thanks so much...

We can just open one position with the simple rules.
Enter long when candle closes lsma green.
Stop loss 1 ATR

Move stop loss to BE +5 after gain of 1 ATR, move stop loss to BE +5.
Exit stopped out or candle closes lsma red.

vice versa short..
Here is an EA that follows the rules to a point, the BE moves after specified amount at moment i'll try and add the atr bit at a later stage.

I have used AllAverages to save having write more code, see how it goes and if it is not as good as Color MA i'll change it.

Mike
Attached File(s)
File Type: mq4 jiva34 ColorMA with Hanover EA.mq4   66 KB | 450 downloads
File Type: mq4 AllAverages_v2.1 cc.mq4   15 KB | 391 downloads
  • #24
  • Nov 7, 2011 11:00pm Nov 7, 2011 11:00pm
Quoting magft
Here is an EA that follows the rules to a point, the BE moves after specified amount at moment i'll try and add the atr bit at a later stage.

I have used AllAverages to save having write more code, see how it goes and if it is not as good as Color MA i'll change it.

Mike
Let's see....
  • #25
  • Nov 7, 2011 11:01pm Nov 7, 2011 11:01pm
Manual trades..
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  • #26
  • Nov 8, 2011 2:20am Nov 8, 2011 2:20am
Looks like the robot is missing some entries..
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  • #27
  • Nov 8, 2011 2:55am Nov 8, 2011 2:55am
even with the limitations of the mt4 tester decent results..
(assuming there aren't too many missing weeks and jumbled data files)
Attached Image (click to enlarge)
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Attached File(s)
File Type: zip allaverages2.zip   1 KB | 360 downloads
  • #28
  • Nov 9, 2011 3:51am Nov 9, 2011 3:51am
Quoting jiva34
even with the limitations of the mt4 tester decent results..
(assuming there aren't too many missing weeks and jumbled data files)
I am trading a micro account and it seems to be working well time will tell if we can get the ea up and running and do some serious backtesting it would be great
  • #29
  • Nov 9, 2011 4:54am Nov 9, 2011 4:54am
shorted AUDJPY this morning..
Attached Image (click to enlarge)
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  • #30
  • Edited 10:55pm Nov 9, 2011 10:32pm | Edited 10:55pm
CHFJPY worked out nicely.
I closed 1/4 of the position at 1 ATR and moved stop to Breakeven -5. It's locked in. No risk at all. Either it stops out for +5 or we wait for a signal long which could be anything... 100's of pips possibly..

also this allow me to look for another trade since I am trading 2% total risk of balance I can now look for another trade at .5%.

mt4 is for analysis only the actual trades are in Oanda fxtrader. Instant light speed execution... mt4 is too slow and clunky for actual trades.
Also partial positions are not possible. In Oanda fxtrader I can trade .0001 lots if I want. If course I probably wouldn't want to trade .0001 lots. But fractional trade positions are possible and I can manage my risk % better.
Attached Image (click to enlarge)
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  • #31
  • Nov 9, 2011 10:55pm Nov 9, 2011 10:55pm
AUDJPY also worked out nicely. Opened this morning. reached 1 ATR closed 1/4 position moved stop to BE -6.
Same as with CHFJPY we wait for a stop out at +6 or a run and long signal maybe 100's of pips. no risk of loss at all.
And I am free to find another trade for .5% of account balance which is now slightly larger since the addition of the gains from CHFJPY and AUDJPY.
I'm not bragging. I'm just really happy at learning how to trade like this, thanks to a very kind person giving me some personal guidance.
I have adapted things a bit to my own risk comfort level, but he has given me the general idea.
Attached Image (click to enlarge)
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  • #32
  • Nov 9, 2011 11:25pm Nov 9, 2011 11:25pm
Short AUDUSD.
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  • #33
  • Nov 9, 2011 11:39pm Nov 9, 2011 11:39pm
cuma kangggo 1 day yo rek..digawe 4 jam-an iso tak gakkk...???
  • #34
  • Nov 10, 2011 3:36am Nov 10, 2011 3:36am
Short EURUSD
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  • #35
  • Nov 10, 2011 3:41am Nov 10, 2011 3:41am
Dear Jiva,

  1. If the cross-over to short happens before the 21lsma turns red, I would wait until the 21lsma turns red. When the 21lsma finally turns red, do I enter at this point, or in your opinion, it is better to wait for the next cross to short?
  2. In a trend (for example downtrend), there could be many cross-over to short, as shown in some of your charts. Do you think it is better to just take the first cross-over to short after the 21lsma turns red? Or, in your opinion, we can take the many crosses down?

I understand you are still tuning the system, just wanted to understand a bit more of your thinking? Thanks a great deal!

  • #36
  • Nov 10, 2011 9:42am Nov 10, 2011 9:42am
I like the colorMA. It helps to visualize the overall MA direction versus just a one color MA. Sounds silly, but on the 5 minute chart, it adds some ease. Thanks. Here is my EU chart. I am using a 21 EMA and a 55 LWMA, as well as a multi timeframe pivot. Seems to work well. Thanks again.
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Lord, Liar, Lunatic. Those are only 3 options to Christ's diety claim.
  • #37
  • Nov 10, 2011 10:15am Nov 10, 2011 10:15am
Quoting zeropoint
Dear Jiva,

  1. If the cross-over to short happens before the 21lsma turns red, I would wait until the 21lsma turns red. When the 21lsma finally turns red, do I enter at this point, or in your opinion, it is better to wait for the next cross to short?
  2. In a trend (for example downtrend), there could be many cross-over to short, as shown in some of your charts. Do you think it is better to just take the first cross-over to short after the 21lsma turns red? Or, in your opinion, we can take the many crosses down?

I understand you are...

I take the first cross over if the ma color agrees... Just be sure to honor the stop....
  • #38
  • Edited 12:55am Nov 11, 2011 12:41am | Edited 12:55am
Small loss for AUDNZD.. signal appeared for opposite direction...
The secret to success is in knowing how to take a loss....
Attached Image (click to enlarge)
Click to Enlarge Name: ma1.gif Size: 70 KB
  • #39
  • Nov 11, 2011 3:38am Nov 11, 2011 3:38am
Dear Jiva,

Quoting jiva34
Small loss for AUDNZD.. signal appeared for opposite direction...
The secret to success is in knowing how to take a loss....
Is the "signal" you mentioned the "cross-over" or the color change of 21LSMA? However, 21LSMA has not really turned to green yet, if I'm right?

Thanks.
  • #40
  • Nov 11, 2011 5:24am Nov 11, 2011 5:24am
Quoting zeropoint
Dear Jiva,



Is the "signal" you mentioned the "cross-over" or the color change of 21LSMA? However, 21LSMA has not really turned to green yet, if I'm right?

Thanks.
The crossover. I may go against colorma some times. Colorma is mostly for trend confirmation.
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