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Trading Made Simple EA by Guess Whom

  • #2,241
  • Nov 20, 2011 10:06am Nov 20, 2011 10:06am
Quoting seller9
[...]
If anyone has any ideas on using just PA or what the computer could look for, please post it.
Hy Seller9,

I am paper trading a simple morning breakout grid trading strategy since 1st of november which looks very promising and which would be easy (?) to trade with an EA (if someone has some coding skills)...

Here a short view about the results ...

I paper trade this because I have no time to trade that manually because of my day job ...

It has nothing in common with TMS, so I will not write more about it here ...

If you are interested in this strategy (and/or willing to code a trading tool for it) we can open another thread ...

greetings from Hamburg/Germany,
Dietmar, DL4HAO
Attached Image
  • #2,242
  • Edited 11:59am Nov 20, 2011 11:08am | Edited 11:59am
Quoting seller9
I have thrown together an M15 EA that is based on PA, trying to get one long and one short trade from each London session. Will see what it will do this week. It looks good when looking at past charts, but they always do. Rather than using MAs and indicators, I am going to base it mainly on what the PA is doing. I have been looking for something that would scalp the shorter time frames and does not require being in front of the computer all the time.

For now I am going to try to find something for the M15 using PA and see what I...
I scalp in a way, but it's hard to put my words on an EA.
First of all, I define a fundamental mid-term sentiment (and/or short-term).. and market is supposed to go on the right way at the London session.. so, if the Asian session "counter-trends" my mid or short term idea.. then it would be perfect to jump in at 03:15 candle open for 30,40,50 or more pips.. it all depends on how strong I think the sentiment is going to be.

Below is a picture of the last two possible days (wednesday and thursday), since friday tends to be crazy.

I'm just sharing

EDIT: There are 2 vertical lines per day, the first one is the Asian close and the Second is the London open.

Pbh
Attached Image (click to enlarge)
Click to Enlarge Name: bum2.jpg Size: 121 KB
  • #2,243
  • Nov 20, 2011 11:15am Nov 20, 2011 11:15am
Quoting dl4hao
[size=+1][font=Comic Sans MS][size=2]Hy Seller9,

I am paper trading a simple morning breakout grid trading strategy since 1st of november which looks very promising and which would be easy (?) to trade with an EA (if someone has some coding skills)...

Here a short view about the results ...

I paper trade this because I have no time to trade that manually because of my day job ...

It has nothing in common with TMS, so I will not write more about it here ...

If you are interested in this strategy (and/or willing to code a trading tool for it)...
Okay.. it looks nice, but take my word as an advice....
Breakout trading works the best on strong risk aversion/appetite days, so when market ranges it should be like commiting suicide.

I don't know which TF you are using, so that could make my last statement a fake one. But if you mainly focus on higher TFs it would outperform for a while and then probably stop giving the same results.

There are some breakout strategies threads here in FF.

1 is Simple London Breakout which tries to trade every single breakout http://www.forexfactory.com/showthread.php?t=247220
2 is Stairstep breakout tradin which is practically trading accumulation and breakout. (I don't have the link in this moment).

But I think it would be nice if you post the way you trade the breakout, post your idea with strict rules, some charts, possible settings and I think seller9 will help you, since he's looking for a scalping method.

Pbh
  • #2,244
  • Nov 20, 2011 11:58am Nov 20, 2011 11:58am
Quoting Pbh
This is why you should spend some time today watching our latest blockbuster video, America’s Financial Doomsday.
It’s online NOW! And it’s FREE!
In this shocking video, you’ll learn ...
It was shocking for me...
I think I posted that video like 5 times in this thread but it's always good to post it so you are aware of what we are heading to.
  • #2,245
  • Nov 20, 2011 12:22pm Nov 20, 2011 12:22pm
*Everyone grab your free copy , this is a MUST read for the fundamental trader and investor:

http://w3.newsmax.com/a/aftershockb/...mo_code=D898-1

After watching the first 10 minutes or so, there will apear a link to get your free copy of the book, here it is:

https://www.newsmaxstore.com/nm_mag/...mo_code=D898-1

The video is great, the info is great, it's a must read.
  • #2,246
  • Nov 20, 2011 1:02pm Nov 20, 2011 1:02pm
Great finds Pbh!

As far as your ideas on scalping, I've already done something similar since i started my work with TMS_v19 and 20

So far, things are going well, although I'm mainly using 5m TF. 1min was ok, but combining that with PA and hhll exits, i got entirely too many trades. 5M seems to be working pretty well. I'm using BE so 80% of my trades seem to be pretty decent, taking 10-20 pips every 4 trades or so, with all of the potential losses closing at 1 pip profit.

One problem I'm having however is XAUUSD. I can't seem to get the EA working with trailing stops. I see the alert that it's sending, then it keeps getting the error invalid stops. I was wondering if it was something to do with my settings? I have no idea. I also thought, maybe because the pips read differently than 4 and 5 decimal pairs.. no?

Ultimately I need help with the trailing stop settings. If I set true to Jumping stop, BE, and the 2 trailing stops, will they all still work, or should I set one kind of trailing stop and set everything else to false?

There's about 2-3 different trailing stop sections, 1 BE section (with other BE sections inside jumping stop settings and other Trailing stop settings)

What do I do here, and how can I get it to work for XAUUSD?!?
  • #2,247
  • Nov 20, 2011 3:28pm Nov 20, 2011 3:28pm
Quoting dl4hao
Hy Seller9,

I am paper trading a simple morning breakout grid trading strategy since 1st of november which looks very promising and which would be easy (?) to trade with an EA (if someone has some coding skills)...

Here a short view about the results ...

I paper trade this because I have no time to trade that manually because of my day job ...

[size=+1][FONT=Comic Sans...
All ideas are welcome here, post away.

73's
N9GJJ
  • #2,248
  • Nov 20, 2011 5:39pm Nov 20, 2011 5:39pm
Quoting Star178
Just put in some settings and EA takes a trade on H4.

Note: setting needs refinement.

Hello Star178, I'm trying but I can not arrange the settings to use MTF V1 to H4, you can give me advice for the settings H4: As usual a Greeting
  • #2,249
  • Nov 20, 2011 9:50pm Nov 20, 2011 9:50pm
Want to understand this whole european situation like a fundie ?
Not lying to yourself but really understanding it?

http://gonzalolira.blogspot.com/2011...bt-crisis.html

For ordinary, non-specialist people just tuning in to the horror-show which is the European crisis, the whole mess can seem daunting and almost hermetic—almost like a secret language, or a really complicated code.


Euro-this and euro-that and euro-the-other—that’s all everyone seems to be talking about. That, and words like troika, haircuts, bailouts, yields, not to mention an alphabet-soup’s worth of acronyms like EC, ECB (they’re different), EFSF, PIIGS, IMF, EMU—

—OMFG!

-----------------------------------------------------------------
It might take some time, but come on, there are some things that must be taken as general culture, and certainly, this is one of them.

Pbh
  • #2,250
  • Nov 20, 2011 9:55pm Nov 20, 2011 9:55pm
Quoting caravan
Hello Star178, I'm trying but I can not arrange the settings to use MTF V1 to H4, you can give me advice for the settings H4: As usual a Greeting
That EA is hard-coded to work on M15, M5 and M1 confirmations, I recomend you to forget about that one , there is a V2 here in the thread, you might want to try it.
  • #2,251
  • Nov 21, 2011 12:26am Nov 21, 2011 12:26am
Quoting Pbh

SL settings:

I still need to work on this.
EDIT: Okay.. First setting would be set SL at BE after being +30 pips
EDIT 2.1: I think we don't need to jump stops or even trail.
Okay... another setting, since I noticed we MUST always have a SL
so.. normal SL set to 30 pips.

Going to sleep now, currently in profit but it's sunday and we are still a bit of hesitating of how spending cuts could affect the markets.

So both sides demo tradin 5min setfile.

See ya
  • #2,252
  • Nov 21, 2011 12:37am Nov 21, 2011 12:37am
Okay what do I expect?

A good but not surprising move to the upside, before resuming the downtrend.

Technical reasons behind?

Daily trendline

Fundamental reasons behind the correction to the upside?

ECB could continue to buy bonds today.

Fundamental reasons to resume the move downside?

This is a bit harder to explain.. and there are major factors.
1, is the Super Commite decision
2, is the EZ situation.. if they decide to print Euros, this will be negative for the currency. But if they don't, they will have to continue to get deeper in debt.

I posted a really good article a couple of posts ago.
  • #2,253
  • Nov 21, 2011 2:01am Nov 21, 2011 2:01am
Quoting seller9
All ideas are welcome here, post away.

73's
N9GJJ
Good morning OM,
(forex trading meets ham radio )

since 1st of November 2011 I use this strategy:

Place 6 pending orders:
one buy at 15 pips above the actual price
another buy at 30 pips above the actual price
the 3rd buy at 45 pips above the actual price.
Take profit for all 3 pending buy orders is 60 pips above the actual price, stop loss is 60 pips below the actual price.

one sell at 15 pips below the actual price
another sell at 30 pips below the actual price
the 3rd sell at 45 pips below the actual price.
Take profit for all 3 pending sell orders is 60 pips below the actual price, stop loss is 60 pips above the actual price.

It should look like this:
(screenshot attachment)

so you see, every 15 pips above and below our actual price, we have a line where some trading action will be executed.

Trading procedure:

When price enters long1 pending order, we add more sell pending orders: one at short1, one at short2 and one more at short3.
When price enters long2 pending order, we add again one more short1, one more short2 and one more short3 pending order.
When price enters long3 pending order, we add once more another short1, one more short2 and one more short3 pending order.

When price arrives at the TP long price, all orders are closed and all pending orders are deleted.

Similar procedure if price is going south.
When price enters short1 pending order, we add more buy pending orders at long1, long2 and long3 level.
When price enters short2 pending order, we add again one more buy pending order at long1, long2 and long3 level.
... and so on ...

Every time, when price triggers a new pending order, we add 3 more pending orders at the opposite side. Again and again until one take profit level is reached.

Lot size: as small as possible because there could be 20 or more trades open at the same time if price is swinging around the middle line.

The time of starting this strategy is most important!

For EURUSD start this at 8:00 CET (which is 07:00 GMT, one hour before London opening)
For GBPUSD start this one hour later at 09:00 CET (which is 08:00 GMT, London opening)

Other pairs and times are possible but not tested. All well moving pairs with low spread should work fine if you can set the pending orders close to a time when there is some price action expected.

Greetings from Hamburg/Germany,
Dietmar, DL4HAO

Paper trade results from 1st of November up to today (spread for EURUSD = 2 Pips, for GBPUSD = 3 Pips)
(screenshot of that see my previous post)
Attached Image (click to enlarge)
Click to Enlarge Name: grid_breakout_1.jpg Size: 54 KB
  • #2,254
  • Nov 21, 2011 2:15am Nov 21, 2011 2:15am
So far so good around +100 pips
  • #2,255
  • Nov 21, 2011 5:48am Nov 21, 2011 5:48am
Quoting caravan
Hello Star178, I'm trying but I can not arrange the settings to use MTF V1 to H4, you can give me advice for the settings H4: As usual a Greeting
That was the first chart I put the EA, without any manual to guide.
After numerious trades then I realised the the best chart to monitor the price movement is on M15. You should ask Pbh for his advise, as that EA was designed to his specifications i think.
  • #2,256
  • Nov 21, 2011 6:45am Nov 21, 2011 6:45am
Sorry guys, I don't know how to quote a post number, so I'll quote the whole section

Great finds Pbh!

As far as your ideas on scalping, I'm doing something similar since i started my work with TMS_v19 and 20

So far, things are going well, although I'm mainly using 5m TF. 1min was ok, but combining that with PA and hhll exits, i got entirely too many trades. 5M seems to be working pretty well. I'm using BE so 80% of my trades seem to be pretty decent, taking 10-20 pips every 4 trades or so, with all of the potential losses closing at 1 pip profit.

One problem I'm having however is XAUUSD. I can't seem to get the EA working with trailing stops. I see the alert that it's sending, then it keeps getting the error invalid stops. I was wondering if it was something to do with my settings? I have no idea. I also thought, maybe because the pips read differently than 4 and 5 decimal pairs.. no?

Ultimately I need help with the trailing stop settings. If I set true to Jumping stop, BE, and the 2 trailing stops, will they all still work, or should I set one kind of trailing stop and set everything else to false?

There's about 2-3 different trailing stop sections, 1 BE section (with other BE sections inside jumping stop settings and other Trailing stop settings)

What do I do here, and how can I get it to work for XAUUSD?!?

Would someone be able to help me? Pbh, are you having the same problem with XAUUSD stops?
  • #2,257
  • Edited 6:06pm Nov 21, 2011 5:39pm | Edited 6:06pm
Interesting day... I also noticed a few things on the EA,

First of all, these are my results:

+111.2 pips for the day.
59 trades, 12 winners, 1 BE and 46 losers.
Pips won = 327, pips lost = 215.8
Average win trade = +27, Average lose trade = 4.6

Not bad too start.

There was a ranging period today, and that's why (I suppose) the EA jumped in so many trades, most of them being losers. Below are a couple of charts attached.

One major problem I noticed by watching at the time things happened, or well, actually, when things didn't happen.

I was looking at a EURCAD possible entry, EURUSD possible entry, but the EA wouldn't jump in... Okay, I checked all of the confirmations, TDI bull, candle closed above both MAs.

I wanted to see how the EA handled this situation, so I allowed it to decide what to do... and it jumped in EURUSD after nine! candles closed (chart attached).

Okay let's look at EURCAD, never jumped in... lost around 30 pips trade opportunity (chart attached).

And I come back from school and look at the AUDUSD chart... I know I got to be here to exactly know what's happening and what the EA is looking at.. but here's no doubt that it missed a perfect trade (chart attached), it jumped in after 18 candles closed.

I go check my settings and nope, I'm not using slope. So... I don't know, what can be done ?

ADD: Best trade of the day= +87.3 pips, worst = -30 pips
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  • #2,258
  • Nov 21, 2011 5:41pm Nov 21, 2011 5:41pm
I appear to be angry! I didn't do that
  • #2,259
  • Nov 21, 2011 5:44pm Nov 21, 2011 5:44pm
Quoting Pbh
Okay let's look at EURCAD, never jumped in... lost around 30 pips trade opportunity (chart attached).
Forgot to attach it, it's here.
Attached Image (click to enlarge)
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  • #2,260
  • Nov 21, 2011 6:01pm Nov 21, 2011 6:01pm

Moody's: Failure to reach an agreement would not by itself lead to a rating change for the US

Of course it would not by itself lead to a rating change for the US.
There are many factors I may or may not know, that back up a rating downgrade decision.

S&P didn't give the US a rating downgrade because it couldn't afford to reach an agreement to cut 1.2T this time (ha!)

"Why? Standard and Poor’s cited two main reasons: first, and foremost, the inability of Congress to work together, specifically citing the fact that “the majority of Republicans in Congress continue to resist any measure that would raise revenues,” and two, the lack of any increase in revenue in the recent credit ceiling and deficit reduction bill. To put it even more simply, politicians — especially Republicans — aren’t doing their jobs. In its own words, Standard and Poor’s (S&P) wrote, “the fiscal consolidation plan that Congress and the Administration recently agreed to falls short of what, in our view, would be necessary to stabilize the government’s medium-​term debt dynamics,” and added, “the effectiveness, stability, and predictability of American policymaking and political institutions have weakened at a time of ongoing fiscal and economic challenges…”


The members of the super committee officially announced a failure to reach a deal on cutting at least a $1.2 trillion hole in the federal budget deficit, ahead of its official Nov. 23 deadline. The move has sent lawmakers searching for a new plan and ways to dodge blame.

"After months of hard work and intense deliberations, we have come to the conclusion today that it will not be possible to make any bipartisan agreement available to the public before the committee's deadline," committee co-chairs U.S. Sen. Patty Murray, D-Wash., and U.S. Rep. Jeb Hensarling, R-Texas, said in a joint statement.

http://www.ibtimes.com/articles/2535...e-deadlock.htm

So, there still is faith

mmmm, interesting.
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