Quick and Dirty EOD | Page 31 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EOD trading system 1,037 replies

EOD -1 day hold 213 replies

Quicker and Dirtier EOD 117 replies

Best EOD strategy 5 replies

The meaning of EOD? 3 replies

Attachments: Quick and Dirty EOD
Exit Attachments

Quick and Dirty EOD

  • #601
  • Sep 4, 2012 1:26am Sep 4, 2012 1:26am
Eurusd doing ok this morning, audusd and nzdusd pulling back. Euraud and eurnzd the same. I'm still a fair number of pips up and no action required today so I will just leave it along to do what it wants to do.
  • #602
  • Sep 4, 2012 6:36am Sep 4, 2012 6:36am
Not looking too bad at the moment, just over 300 pips up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 04 09 12.gif Size: 22 KB
Click to Enlarge Name: euraud 04 09 12.gif Size: 19 KB
Click to Enlarge Name: eurnzd 04 09 12.gif Size: 19 KB
Click to Enlarge Name: audusd 04 09 12.gif Size: 22 KB
Click to Enlarge Name: nzdusd 04 09 12.gif Size: 22 KB
  • #603
  • Sep 4, 2012 8:05am Sep 4, 2012 8:05am
Quoting Hugh Briss
Eurgbp is generally less volatile so 50 pips would be enough but it didn't work out that way. Removed that pair now anyway as it is a little too choppy for our purposes.
HB,

then stop losses for this technique is arbitrary and not mechanical(100 pips or 20 pips from ma)?

and second question, what time the new the day starts on your chart?
  • #604
  • Sep 4, 2012 10:33am Sep 4, 2012 10:33am
Quoting driven18
HB,

then stop losses for this technique is arbitrary and not mechanical(100 pips or 20 pips from ma)?

and second question, what time the new the day starts on your chart?
I wouldn't put it quite like that, there is some thought behind it, but yes the choice of any figure is only based on experience of what should be enough and so could be said to be arbitrary.

I have just had the trailing EA altered to trail by a multiple of ATR behind the ma. A more sensible solution? I will test it works and then post it.
  • #605
  • Sep 4, 2012 10:53am Sep 4, 2012 10:53am
Quoting Hugh Briss
I wouldn't put it quite like that, there is some thought behind it, but yes the choice of any figure is only based on experience of what should be enough and so could be said to be arbitrary.

I have just had the trailing EA altered to trail by a multiple of ATR behind the ma. A more sensible solution? I will test it works and then post it.
HB, I am in Pacific USA zone. For me the new candle starts at 2:00 pm, but I can adjust it to anytime.

Do you think it matters at what time the new candle starts?
When does it start for you?
  • #606
  • Sep 4, 2012 2:58pm Sep 4, 2012 2:58pm
Quoting driven18
HB, I am in Pacific USA zone. For me the new candle starts at 2:00 pm, but I can adjust it to anytime.

Do you think it matters at what time the new candle starts?
When does it start for you?
Your new candle starts @ 2pm because that is what time it starts relative to the rest of the worlds time. You can change the closing time but you won't get the same candle formations of a 5pm EST/NY close candle
  • #607
  • Sep 4, 2012 3:02pm Sep 4, 2012 3:02pm
Quoting driven18
HB, I am in Pacific USA zone. For me the new candle starts at 2:00 pm, but I can adjust it to anytime.

Do you think it matters at what time the new candle starts?
When does it start for you?
My candle closes at 12 midnight GMT. Not sure how that relates to your time but it would be easy to find out on the net.

In the long run it really doesn't matter what time your candle closes because although you will get slightly different signals to me a trend is a trend and different opportunities will arise for each of us.

In fact a candle close time of 2pm would be better if you were around to place trades then because you would always be trading what the chart looked like on the close. You can imagine that I don't stay up until gone midnight every night to place some pending orders. I either do it the night before or the morning after.
  • #608
  • Sep 4, 2012 3:02pm Sep 4, 2012 3:02pm
Quoting Hugh Briss
Tradestar1 is right, eurgbp is not as smooth. I've got audcad and nzdcad too but not sure about those yet. Here is the EA. I use Vantage FX UK.
Thanks this one seems to work however...

it is still gray while my other EA's for some reason appear colored? What does that mean?

And I need help understanding the inputs, I'm supposed to enter 0 for the SMA, but what about the comment 2 and the true/false options?


Thanks a bunch!

Also I still have the 100SMA on my charts, and on NZD/USD the price is hanging right out there from our short. Looks like the downtrend got rejected but we can only tell in time I guess
  • #609
  • Sep 4, 2012 3:10pm Sep 4, 2012 3:10pm
Quoting Maverick731
Thanks this one seems to work however...

it is still gray while my other EA's for some reason appear colored? What does that mean?

And I need help understanding the inputs, I'm supposed to enter 0 for the SMA, but what about the comment 2 and the true/false options?


Thanks a bunch!

Also I still have the 100SMA on my charts, and on NZD/USD the price is hanging right out there from our short. Looks like the downtrend got rejected but we can only tell in time I guess
An ex4 file will appear grey because you cannot modify it, it is set by the coder and that is that. An mq4 file is adjustable by the user and so appears coloured. You can alter the code to make it do what you want it to do. I believe the difference between the two is so that professional coders can keep their programming secret.

Not sure what you mean by the other settings? It should be self explanatory. I'll have a look in a while. I have a new version to post soon anyway that will trail by a multiple of atr behind the ma.
  • #610
  • Sep 4, 2012 4:12pm Sep 4, 2012 4:12pm
Quoting Hugh Briss
Not looking too bad at the moment, just over 300 pips up.
Nice thread, guys!
I just do not understand, do you use Monthly charts and 5/8 MA's or it has been changed?
  • #611
  • Sep 4, 2012 4:47pm Sep 4, 2012 4:47pm
Quoting vitall
Nice thread, guys!
I just do not understand, do you use Monthly charts and 5/8 MA's or it has been changed?
Thanks. Latest system update starts here http://www.forexfactory.com/showthre...66#post5970766
  • #612
  • Sep 4, 2012 5:01pm Sep 4, 2012 5:01pm
I got the idea. So, you trade only certaine instruments for now ( Eurusd, Eurgbp, Euraud, Eurnzd, Audusd, Audcad, Nzdusd and Nzdcad )?
  • #613
  • Sep 4, 2012 5:07pm Sep 4, 2012 5:07pm
Quoting Hugh Briss
An ex4 file will appear grey because you cannot modify it, it is set by the coder and that is that. An mq4 file is adjustable by the user and so appears coloured. You can alter the code to make it do what you want it to do. I believe the difference between the two is so that professional coders can keep their programming secret.

Not sure what you mean by the other settings? It should be self explanatory. I'll have a look in a while. I have a new version to post soon anyway that will trail by a multiple of atr behind the ma.
Ah i was referring to the properites of the EA that you open up... looks like you have options to chose from..many of them such as the type of MA and such. I was wondering what each was, and should be set at.
  • #614
  • Sep 4, 2012 5:25pm Sep 4, 2012 5:25pm
Quoting vitall
I got the idea. So, you trade only certaine instruments for now ( Eurusd, Eurgbp, Euraud, Eurnzd, Audusd, Audcad, Nzdusd and Nzdcad )?
Yes but eurgbp is struck off and not sure about the cad pairs either at the moment.
  • #615
  • Sep 4, 2012 5:30pm Sep 4, 2012 5:30pm
Quoting Maverick731
Ah i was referring to the properites of the EA that you open up... looks like you have options to chose from..many of them such as the type of MA and such. I was wondering what each was, and should be set at.
Ok, from the top.

Use TS? Use trailing stop yes or no? This is the option we want so put true.

Use Close ma? Close if the ma is breached yes or no? Yes, I use this so true.

Use Close HA? Close if the heiken ashi candle changes colour yes or no? I don't use this for this system so false.

MA, the length of the ma to use, I'm using 10.

Offset, something to do with ma's that I don't use so leave as 0.

Method, 1 for ema.

Apply to 0 for closing price.

TF 1440 for daily timeframe.

Buffer 50 for 50 pips or whatever you think best.

As I've mentioned I'm testing a new version of the ea which will trail by ATR which will be better I think.
  • #616
  • Sep 4, 2012 5:32pm Sep 4, 2012 5:32pm
Thanks a bunch! So our MM has changed from 20pips to 50 past the ema? In my backtesting I did see both fake outs of less than 50pips but more than 20 that would have wipsawed us, but I've also seen a few slightly 50+
  • #617
  • Sep 4, 2012 5:35pm Sep 4, 2012 5:35pm
Quoting Maverick731
Thanks a bunch! So our MM has changed from 20pips to 50 past the ema? In my backtesting I did see both fake outs of less than 50pips but more than 20 that would have wipsawed us, but I've also seen a few slightly 50+
Yes, it is difficult to set an exact figure for the trailing stop which is why possibly the atr would be better. I don't know what multiple of atr I would want to trail by, maybe just 1 times ATR? I'll do some testing and report back.
  • #618
  • Sep 4, 2012 5:37pm Sep 4, 2012 5:37pm
Update on the trades. Eurusd, euraud and eurnzd dropped back a little but audusd and nzdusd doing fine. About 250 pips up still all together so not bad. No action to be taken tonight anyway so I'll just trail the stops when the candle closes.
  • #619
  • Sep 4, 2012 6:07pm Sep 4, 2012 6:07pm
Quoting Hugh Briss
Update on the trades. Eurusd, euraud and eurnzd dropped back a little but audusd and nzdusd doing fine. About 250 pips up still all together so not bad. No action to be taken tonight anyway so I'll just trail the stops when the candle closes.
There are a couple of EA that might be usefull for this thread.
Attached File(s)
File Type: ex4 Quik_Trailing.ex4   13 KB | 237 downloads
File Type: ex4 Feb Helper EA v3.ex4   12 KB | 240 downloads
  • #620
  • Sep 4, 2012 7:07pm Sep 4, 2012 7:07pm
Guys

Would you say that crude oil is a valid sell according to the new rules if it breaks below 94.00?

Olu
If you think you can or cannot do it you are correct
0 traders viewing now