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  • #1,161
  • Edited 2:55am Jul 27, 2012 2:53am | Edited 2:55am
@seller9 , pls incorporate ichimoku filter ( 9 26 52 ) to filter out bad trades which we might get here and there.

so the supreme rule , we sell or buy based on river brk only , we will confirm the signal with ichi ( ichi should be telling us ahead of the river brk) whn these two sync and ao is below zero and red in color you will have the super sell .

MA 200 can be there to give general direction as it is at present.

please incorporate these and see the changes, i tried manually and am happy ,

Trading time : london hours

Not a single trade should be fired unless we get confirmation from both ichi and river brk. ( strictly )
  • #1,162
  • Jul 27, 2012 9:12am Jul 27, 2012 9:12am
Here are three trades, 2 winners and 1 loser.
How would ichimoku have filtered this trade?
I will need to look at more losers to see.

The gray area is the London Session.

Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 103 KB


* * * * * * * * * Trade Settings v5 * * * * * * * * *
TradeLive=true
MagicNumber=0
TradeComment=""
Lot=0.04
slippage=4
TakeProfitPips = 100 (I use the DR(3) number for this)
StopLossPips = 0
BandOffsetSLPIPs = 10 (RB size + 2 + Spread)
UseAggressiveMode = false
* * * * * * * * * Filter Settings * * * * * * * * *
UseSemafor = true
UseMA = true
MAperiod = 200 (sma of Open)
UseAO = true
AOshortMA = 5
AOlongMA = 34
* * * * Partial Trade Closure Settings * * * * *
UseHiddenPartialTradeClosure = true
ShowPartialCloseLines = true
TakeProfitPipsTargetOne = 15
LotsTargetOne = 0.03
* * Break Even and Jumping Stop settings * *
UseBEJS = true
BreakEvenPips = 15
BreakEvenProfit = 1
JumpingStopPips = 1
  • #1,163
  • Jul 27, 2012 11:26am Jul 27, 2012 11:26am
hi seller cant understand the second (the "bad") trade - the yellow line is the SMA200 - right ? So this SMA line (=up) must filter the short trade .... trend was up ... but it didn't - why ?

Edit: hmm ... or was the SMA 200 down for a while at that moment when trade was opened ? may be the picture was a quite another one at the moment of the trade entry ?
  • #1,164
  • Jul 27, 2012 2:31pm Jul 27, 2012 2:31pm
Quoting DerBerliner
hi seller cant understand the second (the "bad") trade - the yellow line is the SMA200 - right ? So this SMA line (=up) must filter the short trade .... trend was up ... but it didn't - why ?

Edit: hmm ... or was the SMA 200 down for a while at that moment when trade was opened ? may be the picture was a quite another one at the moment of the trade entry ?
At this time the EA just looks at if the PA is above or below the SMA, and in this case it had moved below so let the short trade through.

If PA is above 200 sma go long, if its below go short.
Maybe needs some tweaking in the way it works now.

This was one of those cases where it poked its head through the sma long enough to let the trade go short.
  • #1,165
  • Edited 7:58pm Jul 27, 2012 4:15pm | Edited 7:58pm
Ahh ... I see ... thats a bit another rule you use here ... as I thought, you use the slope (rising vs dipping) to determine the trend direction ... and so allow to enter the trade or not

But really: may be it could be reasonable to use also the sma slope for filtering off bad trades ... ? Or a similar approach of filtering by trend determination could be the slope of the channel formed by the 2 band lines ...

The chosen SMA, for instance 200 or 100 (or the band channel), must be in the direction of the intended trade ... or at least must be flat ...

It's simply - the trend is your friend - dont enter against the trend direction ....

So it would be easy to sort out the "bad" trade in your picture above (post #1162) - this one was against the up trade, written by the SMA direction.
  • #1,166
  • Jul 27, 2012 4:29pm Jul 27, 2012 4:29pm
Many thanks for the EA.

[quote=seller9;5882717]Here are three trades, 2 winners and 1 loser.
How would ichimoku have filtered this trade?
I will need to look at more losers to see.
  • #1,167
  • Edited 6:21pm Jul 27, 2012 5:47pm | Edited 6:21pm
Quoting seller9
Here are three trades, 2 winners and 1 loser.
How would ichimoku have filtered this trade?
I will need to look at more losers to see.

The gray area is the London Session.

Attachment

* * * * * * * * * Trade Settings v5 * * * * * * * * *
TradeLive=true
MagicNumber=0
TradeComment=""
Lot=0.04
slippage=4
TakeProfitPips = 100 (I use the DR(3) number for this)
StopLossPips = 0
BandOffsetSLPIPs = 10 (RB size + 2 + Spread)
UseAggressiveMode = false
* * * * * * * * * Filter Settings * * * * * * * * *
UseSemafor = true
UseMA = true
MAperiod...
i used your settings on EUR/USD only and heres my trades, gonna add EUR/JPY for next week

http://www.forexfactory.com/maxzeus/28

Can we somehow disable the RIVER or add the option to change the Period of the River (bands) ?

Ichimoku with options would be a great addition to this EA ..imo

Attached Image (click to enlarge)
Click to Enlarge Name: July25-26-27_trades.jpg Size: 178 KB
Don't forget Practice + Patience + Persistence = Profits
  • #1,168
  • Jul 27, 2012 11:32pm Jul 27, 2012 11:32pm
@seller 9 ,

I again digged thru the data for eu and ej for last week with the ichi filter on and here are my findings,

EJ has lesser noise than eu so u get more clean signals in ej than in eu.

what constitutes a good trade ?

These things happen in a good trade Ichi gives a break and then the river gives a the entry candle and the ao changes color in the next candle or is already in blue for a buy trade .

our aggressive mode should be set to false to filter out the bad trades in the current setup , without ichi being added.

second a good trades SL should be set 3 pip below the lower band ( these 3 pip includes spread ) the reason is a good trade never even come near the red band. or the top band so setting sl below the lower band is much safer.
  • #1,169
  • Edited 5:00am Jul 28, 2012 3:31am | Edited 5:00am
@unimak - so you set the parameter "BandOffsetSLPIPs" to 3 only (now its mostly 10) ? That would be important !
  • #1,170
  • Jul 28, 2012 5:09am Jul 28, 2012 5:09am
Does anyone know a forex vps server for a seasonable price?
  • #1,171
  • Jul 28, 2012 7:11am Jul 28, 2012 7:11am
Quoting DerBerliner
@unimak - so you set the parameter "BandOffsetSLPIPs" to 3 only (now its mostly 10) ? That would be important !
yes and the aggressive mode should be false in the current state of affairs.

however if we implement ichi then we need to revisit it once again to fine tune.
  • #1,172
  • Jul 28, 2012 7:13am Jul 28, 2012 7:13am
@seller 9 , I am toying with a scalping idea so just wanted to know whether the ea version 4 can manage the opened trade ? i mean if i open the trade via a pending order and then attach the ea version 4, it will detect a trade is on , and will it manage the trade via bejs ?? . do i have allow live trading in the ea on or will it work even when the allow live trading is switched off.

i just want the ea to manage my trade , that is only the be js part. will it work ??
  • #1,173
  • Jul 28, 2012 1:53pm Jul 28, 2012 1:53pm
Quoting unimak
@seller 9 , I am toying with a scalping idea so just wanted to know whether the ea version 4 can manage the opened trade ? i mean if i open the trade via a pending order and then attach the ea version 4, it will detect a trade is on , and will it manage the trade via bejs ?? . do i have allow live trading in the ea on or will it work even when the allow live trading is switched off.

i just want the ea to manage my trade , that is only the be js part. will it work ??
Yes, it will mangae an open manual trade.
TradeLive = true
When you place the trade send an initial SL with the manual trade so BEJS has some place to start from.
  • #1,174
  • Jul 28, 2012 1:57pm Jul 28, 2012 1:57pm
Quoting DerBerliner
Ahh ... I see ... thats a bit another rule you use here ... as I thought, you use the slope (rising vs dipping) to determine the trend direction ... and so allow to enter the trade or not

But really: may be it could be reasonable to use also the sma slope for filtering off bad trades ... ? Or a similar approach of filtering by trend determination could be the slope of the channel formed by the 2 band lines ...

The chosen SMA, for instance 200 or 100 (or the band channel), must be in the direction of the intended trade ... or...
I am going to look into the slope of the channnel or maybe the relationship of the channnel to the 200 sma, channel above 200 sma for long or channnel below 200 sma for short. I will look at some charts and trades this weekend.

The 200 sma is kind of like the coral over on the THV forum, above coral for long and below coral for short.
  • #1,175
  • Jul 28, 2012 3:42pm Jul 28, 2012 3:42pm
yes - of course, the coral would be another appropriate method, well known for determination of trenddirection ... there some quite similar methods like these you mentioned in your last post above ... it wont be easy to find an optimal combination of these methods ... may at the end only one of them will be enough ?
  • #1,176
  • Jul 29, 2012 12:42am Jul 29, 2012 12:42am
Quoting seller9
I am going to look into the slope of the channnel or maybe the relationship of the channnel to the 200 sma, channel above 200 sma for long or channnel below 200 sma for short. I will look at some charts and trades this weekend.

The 200 sma is kind of like the coral over on the THV forum, above coral for long and below coral for short.
Hi Seller9,

Are you able to write a code for Renko that will trade in the opposite direction. eg instead of buy it will sell. May be it will be profitable
  • #1,177
  • Edited 6:21am Jul 29, 2012 6:20am | Edited 6:21am
Quoting seller9
Below is a screen shot (H1) of a preliminary EA using the Daily, Weekly, and Monthly Pivots. Take a look at it and let me know what you think. The screen shot shown is an actual trade it is in at the present time. I have been thinking about adding partial close TP1, TP2, and TP3 points at DR1, DR2, and DR3, (for a Long trade).
The initial SL is set 10 pips below the Weekly Pivot (Long trade), and the BEJS is used as a trailing SL.

The 3 Pivots (DWM) must have the alignment shown for a Long trade, the opposite for a Short trade.

What does...

I think we should start with a basic trade of pivot based on 4H time frame , price cutting pivot from below should be buy and we should have a user defined field to put the sell value as number of pips from pivot . suppose i put 100 pips then the ea will arrive at sell value as pivot fig - 100 pips = sell value . for sell the price should cut from top that is the condition

SL Tp feature and be js feature is already inbuilt .

we can take it from there
  • #1,178
  • Jul 29, 2012 9:55am Jul 29, 2012 9:55am
Hi Seller9,

I like things nice and simple, and to be honest, I preferred the simplicity of the original River Break EA.

We got some good results when it went right, but the losses were big when it went wrong. You addressed this with version 2a, but then it felt over-cautious as a result.

I've been looking back at the losses from v2 original, and I think adding CCI would have kept us out of some of them. I would be interested in your feedback on this.

It's a fine balance, and must be frustrating for you (?) as people suggest changes. I'm not sure how much time you devote to this, how it fits your life, but we are all grateful for your efforts.

Regards
Ath
  • #1,179
  • Jul 29, 2012 6:20pm Jul 29, 2012 6:20pm
There is a quest to find the best EA on the planet, but loses are guaranteed to happen anyways. I believe however a river ea that's close to Neal's original strategy should be available. His strategy has 6 different ways of trading the river. This is a trend trading strategy.

Sitting in Neal's webinars I have noticed that stop losses are anywhere between 20-40 pips on a 15 mins chart. He takes profit at double that. That's the basic strategy. The rest has to do with money management and re-entry.

The huge loses were due to big candles on a 15 mins chart. Like Maxzeus once said it's ok to have a few loses here and there. I would suggest that people do at least one week of testing live their suggested filters. This to allow Seller9 time to do other EA requests he might have.

Just my 2 cents...


Quoting Athravan
Hi Seller9,

I like things nice and simple, and to be honest, I preferred the simplicity of the original River Break EA.

We got some good results when it went right, but the losses were big when it went wrong. You addressed this with version 2a, but then it felt over-cautious as a result.

I've been looking back at the losses from v2 original, and I think adding CCI would have kept us out of some of them. I would be interested in your feedback on this.

It's a fine balance, and must be frustrating for you (?) as people suggest changes. I'm...
  • #1,180
  • Jul 29, 2012 7:01pm Jul 29, 2012 7:01pm
Before I make any changes or additions to an EA I like to see some History of how the idea would have helped with the trades and would have made the EA more profitable.

It doesn't make any sense to keep adding filters to an EA if it can't be shown on the more than one chart where the filter would have helped the EA make a better decission.

In the case of the the River EA I believe we should stick with the basic River Break as the foundation with Neal's original settings, and then either aggressive or non aggressive on the break of the river. I am also leaving the Semafor although this may not be needed. To this we than can keep the basic AO filter setting of 5/34, I have tested other settings and this default setting seems to be the best, so in the next version I will remove the option to change it.

The sma for direction seems another logical choice that should remain as a filter, it just needs some refinement, I am doing some testing this week where it will be comparing the sma to the River Channel, River above sma for a long and River below sma for a short. Any other ideas on this let me know.

If anyone has any other filters that they think may be of use I need to see History and charts that show they would make the EA more profitable before they are added.

There has been mention of adding ichimoku and cci and other indicators as filters, I need history and charts to show they will work and make the EA better. Add your indicator to a chart that the EA is trading on and show where it would have helped.
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