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Quick and Dirty EOD

  • #481
  • Aug 9, 2012 6:48am Aug 9, 2012 6:48am
Quoting lucariga
Hey guys, in your opinion, is there any particular reason to use the "open" for the 8 EMA instead of the more common "close" price?

Is just for information, because this set of MAs works great, but i'd like to know your thoughts
Just so the higher timeframe ma isn't moving about during the day, it stays fixed until the next candle opens whereas the close price will vary all day. Sypder is right, it doesn't make much difference to this system.
  • #482
  • Aug 9, 2012 7:17am Aug 9, 2012 7:17am
Quoting Hugh Briss
Just so the higher timeframe ma isn't moving about during the day, it stays fixed until the next candle opens whereas the close price will vary all day.
Great!!!
Never thought at this...
  • #483
  • Aug 9, 2012 7:19am Aug 9, 2012 7:19am
Quoting spyderman
I think I see a faint heartbeat.
Why u think so?
  • #484
  • Aug 9, 2012 7:40am Aug 9, 2012 7:40am
Quoting lucariga
Why u think so?

Everything's been dead. Getting some positive movement. Just had entry triggered in E/C
  • #485
  • Aug 9, 2012 8:18am Aug 9, 2012 8:18am
Quoting spyderman
Everything's been dead. Getting some positive movement. Just had entry triggered in E/C
You r right. A couple of bad days.... anyway I'm 3% up since the start of my forward test. Not so bad...
On which candle did u placed ur pending? I can see a pullback on 08/03 but MAs are crossed upward on that candle, so order invalidated for me...
  • #486
  • Aug 9, 2012 11:05am Aug 9, 2012 11:05am
Quoting lucariga
You r right. A couple of bad days.... anyway I'm 3% up since the start of my forward test. Not so bad...
On which candle did u placed ur pending? I can see a pullback on 08/03 but MAs are crossed upward on that candle, so order invalidated for me...

Personally, I don't invalidate if the daily crosses and then comes back. We're still in a nice monthly downtrend and the daily has crossed back in favor of the trend again (couple of days ago). So I got a break of that previous low at around 1.22000
  • #487
  • Aug 9, 2012 2:54pm Aug 9, 2012 2:54pm
Here's a good case study for discussion. Since the major downtrend reversal on the daily, the 5 ema has crossed up over the 8 and then back down again (a couple of times). So do we stay with the first reversal point of 1.20397 or do we wait for a whole new setup after the last cross.

Personally, I'm going to have to play these as a case by case. A feel a certain amount of discretion is needed in any trading. On this one, I'm sticking with the original setup.

Interestingly, as you see in the 2nd chart, if we use the original reversal and the last swing high, our recent high is sitting on the 61.8 fib to the pip. Maybe I should rethink that and look for an earlier entry...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 125 KB
Click to Enlarge Name: eurusdfib.jpg Size: 140 KB
  • #488
  • Aug 14, 2012 9:48am Aug 14, 2012 9:48am
Why was Spyderman temporarily suspended?
  • #489
  • Aug 14, 2012 10:01am Aug 14, 2012 10:01am
Quoting kokopelli
Why was Spyderman temporarily suspended?
Spyderman (hey that's me!) was temporarily suspended because he had a link to eBates (an online shopping site, nothing to do with forex) in my sig that caused some member's PC to crash.

Anyways, Twee asked me to take it off, so I did.
  • #490
  • Aug 14, 2012 10:28am Aug 14, 2012 10:28am
Quoting spyderman
Spyderman (hey that's me!) was temporarily suspended because he had a link to eBates (an online shopping site, nothing to do with forex) in my sig that caused some member's PC to crash.

Anyways, Twee asked me to take it off, so I did.
Shame on you! (eBates looks like a pyramid you-know-what)


But welcome back, I enjoy your posts!
  • #491
  • Aug 14, 2012 10:32am Aug 14, 2012 10:32am
Quoting kokopelli
Shame on you! (eBates looks like a pyramid you-know-what)


But welcome back, I enjoy your posts!

Lol...no, not a pyramid. Just affiliate marketing. Great way to get rebates on stuff I buy online. I don't think the problem was with having the link, but that it caused someone's PC to freeze up. (probably had some cookie tracking block in place).

Anyways...gave us something to talk about for a few minutes during this dead market.
  • #492
  • Aug 19, 2012 5:32am Aug 19, 2012 5:32am
I took the liberty to take the old EA of yanyungui5 in this thread and I adapted it. Added many improvements:

 

  1. added breakeven option (true/false)
  2. enable breakeven after reaching X percent of profit target
  3. minprofit: when placing breakeven stop: account for spread/commission by adding "minprofit" number of pips to the stop
  4. Improved readability of code, changed code structure, added comments
  5. Bugfixed several logic errors
  6. Run logic only once every new bar (not every new tick)
  7. close order prematurely (when daily trend crosses => no use letting it hit our stoploss)

There still is room for improvement, but at least you will be able to test this strategy decently. The standard values I have entered are profitable from 2010 till today, but not convincing.


Maybe someone could optimize those settings. Good luck with the EA.

Attached File(s)
File Type: mq4 EOD.mq4   6 KB | 328 downloads
  • #493
  • Aug 19, 2012 5:56am Aug 19, 2012 5:56am
Quoting ExForX
I took the liberty to take the old EA of yanyungui5 in this thread and I adapted it. Added many improvements:
[list][*]added breakeven option (true/false)[*]enable breakeven after reaching X percent of profit target[*]minprofit: when placing breakeven stop: account for spread/commission by adding "minprofit" number of pips to the stop[*]Improved readability of code, changed code structure, added comments[*]Bugfixed several logic errors[*]Run logic only once every new bar (not every new tick)[*]close order prematurely (when daily...
I also did my updated version, but was not sure if it is ok to share without having the agreement from the author. Is it an acceptable practice here on FF if someone share his own EA modify it as you wish? If so I will be braver next time. :-)

Julius
  • #494
  • Aug 19, 2012 6:16am Aug 19, 2012 6:16am
Quoting juliuy
I also did my updated version, but was not sure if it is ok to share without having the agreement from the author. Is it an acceptable practice here on FF if someone share his own EA modify it as you wish? If so I will be braver next time. :-)

Julius
I'm not sure... I have the tendency to do things first and apologize later. Has always worked out great in my life.

I also strongly believe in opensource and building upon someone's work to improve it for the good of the community. The improvements I have made, will also benefit the original author of the work so I can't really see why there would be a problem. If it's still a problem, I'll take the modification offline without arguements.
  • #495
  • Aug 19, 2012 7:07am Aug 19, 2012 7:07am
So when you guys are testing your EA's are you running across all pairs or what?

The challenge I foresee with implementing an EA for this is the lack of trader discretion.

We're starting are trade with a favorable monthly cross to signify a trend. Problem is, in my opinion, just getting that cross doesn't equate to a trade worthy trend. You can have a pair that's in a tight range and just bouncing back and forth month-to-month.

For me I don't look to trade that pair. I guess the user could still decide whether or not to place the EA on a given pair depending on how it looked. Still using a little discretion.
  • #496
  • Aug 19, 2012 7:24am Aug 19, 2012 7:24am
Quoting ExForX
I'm not sure... I have the tendency to do things first and apologize later. Has always worked out great in my life.

I also strongly believe in opensource and building upon someone's work to improve it for the good of the community. The improvements I have made, will also benefit the original author of the work so I can't really see why there would be a problem. If it's still a problem, I'll take the modification offline without arguements.
No worries, I think you did the right thing. I just like to be polite and ask the author, but it may be not necessary. Especially having in mind that the coder was a Chinese guy. :-) No offense.
  • #497
  • Aug 19, 2012 7:26am Aug 19, 2012 7:26am
Quoting spyderman
So when you guys are testing your EA's are you running across all pairs or what?

The challenge I foresee with implementing an EA for this is the lack of trader discretion.

We're starting are trade with a favorable monthly cross to signify a trend. Problem is, in my opinion, just getting that cross doesn't equate to a trade worthy trend. You can have a pair that's in a tight range and just bouncing back and forth month-to-month.

For me I don't look to trade that pair. I guess the user could still decide whether or not to place the EA...
After fixing the original code, I have just ran it a few times with different setting on EURUSD but for a longer time period, and the view was not very beautiful. I realized that to make an EA much more work has to be involved, because the discretion as well as some other factors plays a big role.
  • #498
  • Aug 19, 2012 7:31am Aug 19, 2012 7:31am
Quoting juliuy
No offense.

Too late
  • #499
  • Aug 19, 2012 7:32am Aug 19, 2012 7:32am
If you're using MT4's strategy tester I would be very skeptical about the results, it's notoriously inaccurate. Perhaps you could post the results for others to see and interpret.
  • #500
  • Aug 19, 2012 7:44am Aug 19, 2012 7:44am
Quoting spyderman
If you're using MT4's strategy tester I would be very skeptical about the results, it's notoriously inaccurate. Perhaps you could post the results for others to see and interpret.
I think you did a more advanced version than I, so maybe I could take yours and do some backtesting, afterwards posting the results here?
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