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  • #921
  • Jun 28, 2012 1:59am Jun 28, 2012 1:59am
[IMG]http://d1206.hizliresim.com/y/w/8w0hn.gif[/IMG]
  • #922
  • Jun 28, 2012 2:54am Jun 28, 2012 2:54am
Hello Selle9;
Can we add filter maxium lenth of signal bar pips.
for eaxmple 1 will set 10pips.if signal bar bigger than 10pips. no trade.

second wish is: can we add aggresive mode.when we wait clear bar,the trade
could be late.

you see uj picture and others.uj bars are normal.But audusd and usdcad bars are very hihg pips.This is risky trade Ithink.
thank you.[/quote]

Hellow, Ardasu

I think we have a filter - renko
Look at my today trades on eur/usd - 15min and renko10
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15min.jpg Size: 66 KB
Click to Enlarge Name: renko10.jpg Size: 74 KB
  • #923
  • Jun 28, 2012 5:17am Jun 28, 2012 5:17am
Quoting yasd810
Hello Selle9;
Can we add filter maxium lenth of signal bar pips.
for eaxmple 1 will set 10pips.if signal bar bigger than 10pips. no trade.

second wish is: can we add aggresive mode.when we wait clear bar,the trade
could be late.

you see uj picture and others.uj bars are normal.But audusd and usdcad bars are very hihg pips.This is risky trade Ithink.
thank you.
Hellow, Ardasu

I think we have a filter - renko
Look at my today trades on eur/usd - 15min and renko10[/quote]

Hello ,yasd810
thank you for your succestion.I will try.
  • #924
  • Jun 28, 2012 6:10am Jun 28, 2012 6:10am
Hi Seller9,

Are you interested in creating a Divergence Ea from these two indicators. The system may need filters but I will give you the basics to start, cheers John .

Trading Rules:

Only trade the HyperD Arrows that have the same direction as the FX Ultra Trend . Red Arrow=Red FX Ultra http://www.forexfactory.com/images/icons/icon14.gif
Green Arrow=Red FX Ultra http://www.forexfactory.com/images/icons/icon13.gif

Stop 50 pips
Take profit 50pips
1Hr Charts
EUR/USD

The hyperD Arrow will appear 1 candle late so the current and previous FX Ultra trend candles must be the same colour.

On manual backtesting there were 29 trades from start of April, 21 winners 8 losses , +650pips roughly
Attached Image (click to enlarge)
Click to Enlarge Name: divergence.gif Size: 24 KB
Attached File(s)
File Type: ex4 FXUltraTrend_V2.ex4   8 KB | 321 downloads
File Type: ex4 HYPERDivergence2.ex4   12 KB | 347 downloads
  • #925
  • Jun 28, 2012 10:21am Jun 28, 2012 10:21am
Hi there,

In short - loving this EA - summary of results below:

Since evening of 25th June - 28 trades - up 217 pips, broken down into:

23 winners for +342 pips
5 losers for -125 pips

Win:lose ratio is very good, but when it loses - it loses!

I've attached the 5 losses below, and these are after shortening the SL in the EA. The first red line is the trade being taken, and the second red line is the candle that hits the SL.

It seems to struggle with big swings - I think the EA needs to take into account the length of the breakout candles before placing the trade, or the SL should be trailing right from the outset?

Any thoughts are welcome! Fantastic effort though Seller!

Regards
Ath
Attached Image(s) (click to enlarge)
Click to Enlarge Name: audusd sell 0430.jpg Size: 89 KB
Click to Enlarge Name: audusd sell 1745.jpg Size: 84 KB
Click to Enlarge Name: eurjpy buy 1030.jpg Size: 90 KB
Click to Enlarge Name: eurjpy sell 0415.jpg Size: 86 KB
Click to Enlarge Name: usdjpy sell 0415.jpg Size: 77 KB
  • #926
  • Jun 28, 2012 10:25am Jun 28, 2012 10:25am
Hi, Seller9
The small questiоn

Where Tread
You know something?
  • #927
  • Jun 28, 2012 11:56am Jun 28, 2012 11:56am
Hi Seller,

Rb_V2 has a good potential. I can suggest to add a MA PA like a filter in order to trade only with our trend. In this image, you can see if we add 480 Price Action/ Simple moving average, we only trade long/short if price is higher/lower than 5 days ago.

I donīt understand why we use 62 periods of 15 min. this is 15,5 hours, why not 48 periods 15min= 12 hours or 96 periods 15min=24 hours=1 day.

Maybe adding Hannover filter is good for only trading with strongest pairs during last x days.

Thank for this excellent job.
Attached Image (click to enlarge)
Click to Enlarge Name: Captura de pantalla 2012-06-28 a la(s) 20.46.03.png Size: 86 KB
  • #928
  • Jun 28, 2012 12:15pm Jun 28, 2012 12:15pm
Quoting Athravan
Hi there,

In short - loving this EA - summary of results below:

Since evening of 25th June - 28 trades - up 217 pips, broken down into:

23 winners for +342 pips
5 losers for -125 pips

Win:lose ratio is very good, but when it loses - it loses!

I've attached the 5 losses below, and these are after shortening the SL in the EA. The first red line is the trade being taken, and the second red line is the candle that hits the SL.

It seems to struggle with big swings - I think the EA needs to take into account the length of the breakout candles...
The next version has logic that would probably avoided most of those.

On the candle the trade is taken on the following need to be true also.

Long: Bid > High of previous candle + spread
Short: Bid < Low of previous candle - spread

I am also testing using the ATR(7) compared to the present ATR(1).
You will be able to input a percentage that it can be greater than, if it is larger than that percentage the trade can not take place.
So if you set it at 200 percent the ATR(1) of the previous candle cannot be greater than 2 times the ATR(7). Will see if this stops jumping in on these wild swings, I had a couple last night that did jump in and then stalled, so will see now how the ATR can help here.

version_3 should be out this weekend if all goes good tonight with it.
  • #929
  • Jun 28, 2012 12:16pm Jun 28, 2012 12:16pm
Quoting yasd810
Hi, Seller9
The small questiоn

Where Tread
You know something?
I don't understand the question.
  • #930
  • Jun 28, 2012 12:27pm Jun 28, 2012 12:27pm
Quoting morepipspls
Hi Seller,

Rb_V2 has a good potential. I can suggest to add a MA PA like a filter in order to trade only with our trend. In this image, you can see if we add 480 Price Action/ Simple moving average, we only trade long/short if price is higher/lower than 5 days ago.

I donīt understand why we use 62 periods of 15 min. this is 15,5 hours, why not 48 periods 15min= 12 hours or 96 periods 15min=24 hours=1 day.

Maybe adding Hannover filter is good for only trading with strongest pairs during last x days.

Thank for this excellent job.
I really don't have a real compelling story on why I chose 62 Period for the Bands. The genesis of it came from when I first started here as an employee at GFT, my "mentor" would use an 8/64 EMA crossover for trade recommendations. It was simple, and helped find the trend, so it was perfect for a newbie like me at the time. Over time though, my frustrations grew with it as I always had an issue with waiting for the cross to get in our out of a trade. That was when I thought I would bring in the Bands to set up a stop loss and profit target. Since I wanted it to be at least a little different than the EMA crossover, I changed it to 62 period instead of 64.

The strategy has evolved a lot from that original stage, getting more complicated as I went, something I notice some posters are suggesting. However, I found that often times it is best to stick with the KISS method, Keep It Simple and Stupid. So I have actually pared back some of the complexity of adding additional indicators to the simple method I wrote about in the guide.

Don't let my preference for simplicity dissuade any of you from modifying the strategy though. As Seller9 had done, adding your own twist is what trading is all about. Good luck with it and I hope it helps everyone become better traders.
  • #931
  • Jun 28, 2012 12:29pm Jun 28, 2012 12:29pm
Thank you for the answer
Tread has vouched for you (THV beta testing)
I was interesting in it about 2 years
Tread disappear and thread is dead now
  • #932
  • Jun 28, 2012 12:30pm Jun 28, 2012 12:30pm
Quoting morepipspls
Hi Seller,

Rb_V2 has a good potential. I can suggest to add a MA PA like a filter in order to trade only with our trend. In this image, you can see if we add 480 Price Action/ Simple moving average, we only trade long/short if price is higher/lower than 5 days ago.

I donīt understand why we use 62 periods of 15 min. this is 15,5 hours, why not 48 periods 15min= 12 hours or 96 periods 15min=24 hours=1 day.

Maybe adding Hannover filter is good for only trading with strongest pairs during last x days.

Thank for this excellent job.
Trouble with MAs is that they are real good at showing the past but can miss the quick action which I think we are looking for here.
Not much differnce between 62 and 48.
My experience with Hanover and other strength indicators is they show you the same thing the PA on the chart does.


Here is where the idea came from. (Neal thought of it and mm16 passed it on)

http://documents.gftforex.com/Free-G...The-Rapids.pdf
  • #933
  • Jun 28, 2012 12:37pm Jun 28, 2012 12:37pm
Quoting yasd810
Thank you for the answer
Tread has vouched for you (THV beta testing)
I was interesting in it about 2 years
Tread disappear and thread is dead now
OK, now I understand, I was thinking of Tread as in a uptrend, not a person.

Sorry, don't know where he has gone, probably took all his winnings and went to some remote island, where hopefully we can all go after getting our piece of this trillion dollar forex pot.

Good Luck
  • #934
  • Jun 28, 2012 12:43pm Jun 28, 2012 12:43pm
Quoting seller9
Trouble with MAs is that they are real good at showing the past but can miss the quick action which I think we are looking for here.
Not much differnce between 62 and 48.
My experience with Hanover and other strength indicators is they show you the same thing the PA on the chart does.


Here is where the idea came from. (Neal thought of it and mm16 passed it on)

http://documents.gftforex.com/Free-G...The-Rapids.pdf
Yes, I agree, not much difference between 62 and 48. I will read your document. Thanks.

Regarding to PA MA, If you take a look at my screen attached, look what a good filter is a higher MA (in my case, 5 days back), when price is up to this MA and you go long, you would have cleaner and stronger moves than if you go short.

Iīm sure if you only apply a simple MA price action like in you ETB system, it should give us better results. Of course itīs only an improvement idea.

About Hannover idea, yes, itīs not so crucial like my MA PA explanation.

Regards
  • #935
  • Jun 28, 2012 12:50pm Jun 28, 2012 12:50pm
Quoting morepipspls
Yes, I agree, not much difference between 62 and 48. I will read your document. Thanks.

Regarding to PA MA, If you take a look at my screen attached, look what a good filter is a higher MA (in my case, 5 days back), when price is up to this MA and you go long, you would have cleaner and stronger moves than if you go short.

Iīm sure if you only apply a simple MA price action like in you ETB system, it should give us better results. Of course itīs only an improvement idea.

About Hannover idea, yes, itīs not so crucial like my MA PA explanation....
I do have a trend filter in the EA, I just haven't shown what it is (I need a few secrets from the Brokers), but it watches the M15 at this time to see if the M15 present trend is strong or may be going the other way. It kind of follows the direction of the Bands, but it responds faster.

Good Luck
  • #936
  • Jun 28, 2012 12:57pm Jun 28, 2012 12:57pm
There may be an error in the original RB_v2 template. The Bands are closer together than they should be. This is because I set the wrong line to Color = None, it should be as follows.

Attached Image
  • #937
  • Jun 28, 2012 1:45pm Jun 28, 2012 1:45pm
In terms of the manual trading system that forms the basis of RB_v2, have you tried using a higher timeframe?

What settings could you use for the bands then?

Regards
Ath
  • #938
  • Jun 28, 2012 1:57pm Jun 28, 2012 1:57pm
Quoting Athravan
In terms of the manual trading system that forms the basis of RB_v2, have you tried using a higher timeframe?

What settings could you use for the bands then?

Regards
Ath
The basis for forming the strategy is that I wanted to teach my clients an easy way to trade this market that used risk management as a primary driver. I witnessed too many new traders who would lose everything simply because they didn't know where to get in the market, and they didn't know how to manage their risk once they were in. This strategy nailed both of those birds with one stone.

I have only used the method on a 15 minute chart due to personal preference since it gives you a couple of trades per day without taking up every second of your day staring at it, or waiting for days at a time for a signal to trigger. Being that it is a trend trading type of strategy, it could theoretically be used on any time frame since there are trends on all time frames, just of different size and scope. However, I haven't tried other time frame outside of the 15 minute, so you would have to let me know if it works either worse or better on them.
  • #939
  • Jun 29, 2012 11:32am Jun 29, 2012 11:32am
Here are the trade results for this week using the RB EA. I have been tweaking during the week so your results may be different. I will post the latest version this weekend.

Total trades = 53
Winners = 41 ~1008 pips
Loses = 12 ~577 pips

Results = +~431 pips

Here are the settings I was using for EURUSD, there are some settings that are not in version 2 but will be in the next version.
1) MaxStopLossPips: At times I have noticed that when using the lower or upper band as a stop loss the SL can get very large, so I have added this so the SL will never be any larger than the number of pips you set here.
2) UseCandleATR: I have added an ATR(7) that should prevent trades from being taken when the previous candle is very large, you can set the percentage of the ATR(7) that you will allow this candle to be.
3) I have also added a readout that shows the Average Daily Range for the last 3 days. At this time it is not used by the EA, but I use it to base my Take Profit on.

Here is an example trade that hit the partial TP and then came back and hit the BEJS, but ended with profit on both closes even though it didn't hit the larger TP point.

Attached Image (click to enlarge)
Click to Enlarge Name: example.jpg Size: 93 KB


I07=- - - - - - - - - - Trade Settings - - - - - - - - - -
I08=- - - - Set StopLossPips to zero to use - - - - - -
I09=- - - - Band Top/Bottom and OffsetPIPs as SL - - - - -
TradeLive=1
MagicNumber=0
TradeComment=
Lot=0.02000000
slippage=4
TakeProfitPips=40
StopLossPips=0
MaxStopLossPips=25
BandOffsetSLPIPs=5
PTC=* * * Partial Trade Closure Settings * * * * * * *
UseHiddenPartialTradeClosure=1
ShowPartialCloseLines=1
TakeProfitPipsTargetOne=20
LotsTargetOne=0.01000000
BE1=- - - - - - Break Even and Jumping Stop settings - - - - - -
BE2=- - - - - Set JumpingStopPips to zero to disable JS - - - -
UseBEJS=1
BreakEvenPips=15
BreakEvenProfit=1
JumpingStopPips=1
ATR=- - - - - - - - - Candle ATR Settings - - - - - - - - - -
UseCandleATR=1
CandleATRpercent=200.00000000
TH2=- - - - - - - - - -Trading hours - - - - - - - - - -
TH3=- Use 24 hour, local computer time clock -
TH5=- - - - - - - - - Morning Hours 0-12 - - - - - - - -
start_hourm=0
end_hourm=12
TH6=- - - - - - - - - Evening Hours 12-24 - - - - - - -
start_houre=12
end_houre=24
EML=- - - - - - email must be set up in MT4 - - - - - -
SendEmail=0
AlarmSoundOn=0
SRN=- - - - - - - - Screen Capture Settings - - - - - - - -
AlarmScrnCapOn=1
ScreenH=1680
ScreenV=1050
  • #940
  • Jun 29, 2012 2:20pm Jun 29, 2012 2:20pm
My experience is similar Seller:


Since Monday night, 44 trades in total

34 wins: +527 pips
10 losses: -236 pips

Net gain: 291 pips (or 72 pips a day)...

If your new version manages the losses more effectively, as you say, then this could be a nice EA.

Nice work!

Regards
Ath
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