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Quick and Dirty EOD

  • #661
  • Sep 11, 2012 9:02am Sep 11, 2012 9:02am
Quoting howard
Hi

Do you regard the above pair as a sell on break of the recent low (1.5378) according to this method?

Thanks
To be honest I'm not trading Gbp pairs at the moment, they just seem too choppy.
  • #662
  • Sep 11, 2012 10:48am Sep 11, 2012 10:48am
A quick update. It all seems to be going ok.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd 11 09 12.gif Size: 23 KB
Click to Enlarge Name: euraud 11 09 12.gif Size: 21 KB
Click to Enlarge Name: eurnzd 11 09 12.gif Size: 21 KB
Click to Enlarge Name: audusd 11 09 12.gif Size: 23 KB
Click to Enlarge Name: nzdusd 11 09 12.gif Size: 23 KB
  • #663
  • Sep 11, 2012 4:20pm Sep 11, 2012 4:20pm
Here is the updated version of the expert advisor. It trails behind the moving average and you can set it to trail by atr. I have set mine to 1 times atr which might seem like a lot but remember we are on daily charts so trades do need a bit more room and also the stop loss is only ever an emergency stop, the actual exit signal is the candle closing the wrong side of the ma.

A big thank you to FerruFX who coded this for me and showed an outstanding level of professionalism and service throughout to get the ea exactly how I wanted it. I highly recommend his services should you need anything coded.
Attached File(s)
File Type: ex4 Trail&CloseOrderSLtoMA_EA_v1.04_[EdwardMunroe].ex4   7 KB | 523 downloads
  • #664
  • Sep 11, 2012 4:25pm Sep 11, 2012 4:25pm
Only in EU right now

1 lot @ 250pips
1 lot @ 32 pips
  • #665
  • Sep 11, 2012 4:37pm Sep 11, 2012 4:37pm
Quoting Maverick731
Only in EU right now

1 lot @ 250pips
1 lot @ 32 pips
Yes, it is building up though, I have three positions for about 500 pips at the moment.
  • #666
  • Sep 11, 2012 4:39pm Sep 11, 2012 4:39pm
Yes I missed the inital buy off the 1.2446 area when it broke the channel. Its only Tuesday so its time to see how thise goes
  • #667
  • Sep 11, 2012 4:39pm Sep 11, 2012 4:39pm
Quoting Hugh Briss
Here is the updated version of the expert advisor. It trails behind the moving average and you can set it to trail by atr. I have set mine to 1 times atr which might seem like a lot but remember we are on daily charts so trades do need a bit more room and also the stop loss is only ever an emergency stop, the actual exit signal is the candle closing the wrong side of the ma.

A big thank you to FerruFX who coded this for me and showed an outstanding level of professionalism and service throughout to get the ea exactly how I wanted it. I highly...
Hi, Hugh!
Thank you for sharing you work with us!
I just have a question about this EA: how is it going to work in case of Sunday-Monday gaps? I use some EAs before and it was a problem sometimes.
Thanks again and good luck!
  • #668
  • Sep 11, 2012 4:42pm Sep 11, 2012 4:42pm
Quoting Maverick731
Yes I missed the inital buy off the 1.2446 area when it broke the channel. Its only Tuesday so its time to see how thise goes
Yes, who knows, it may go further.
  • #669
  • Sep 11, 2012 4:45pm Sep 11, 2012 4:45pm
Quoting vitall
Hi, Hugh!
Thank you for sharing you work with us!
I just have a question about this EA: how is it going to work in case of Sunday-Monday gaps? I use some EAs before and it was a problem sometimes.
Thanks again and good luck!
Well there is not much you can do about the gaps. If the price opens the wrong side of your stop loss it will close it out pretty quickly. If it opens the wrong side of the ma but doesn't hit your stop then maybe it will stay open. This could work two ways though, it may hit your stop eventually in which case it's no big deal or it could go back in your favour in which case it's a bonus.
  • #670
  • Sep 11, 2012 5:06pm Sep 11, 2012 5:06pm
Quoting Hugh Briss
Well there is not much you can do about the gaps. If the price opens the wrong side of your stop loss it will close it out pretty quickly. If it opens the wrong side of the ma but doesn't hit your stop then maybe it will stay open. This could work two ways though, it may hit your stop eventually in which case it's no big deal or it could go back in your favour in which case it's a bonus.

HB, any stats on this system?
  • #671
  • Sep 11, 2012 5:54pm Sep 11, 2012 5:54pm
Hi Hugh,

Due to using non-MT4 broker, I guess I have to adjust the SL everyday.
If I prefer to trail behind the EMA than using ATR.
Is 50 pips trailing behind 10 EMA the recommended setting?

Thanks for the wonderful system you've created.
  • #672
  • Sep 11, 2012 8:50pm Sep 11, 2012 8:50pm
I'd also like to add my thanks to Hugh for taking the time to share this simple system with everyone. I'm also in 2 trades on EUR/USD for about 250 pips
  • #673
  • Sep 11, 2012 9:30pm Sep 11, 2012 9:30pm
Quoting Slim Buffett
oops... wrong chart


This is why I loose points for excessive posting.

Perhaps the same could be said for trading ??
Hey,
wondering if you could share the FXST3CCi indicator.

Thanks
Peace
  • #674
  • Sep 11, 2012 10:02pm Sep 11, 2012 10:02pm
Quoting driven18
HB, any stats on this system?
Not yet, working on it.
  • #675
  • Sep 11, 2012 10:04pm Sep 11, 2012 10:04pm
Quoting minut3s
Hi Hugh,

Due to using non-MT4 broker, I guess I have to adjust the SL everyday.
If I prefer to trail behind the EMA than using ATR.
Is 50 pips trailing behind 10 EMA the recommended setting?

Thanks for the wonderful system you've created.
Well I'm using 1 ATR which is often around 80 to 100 depending on the pair and that's trailing behind the ma by that amount. As I mentioned above the exit is actually a close the wrong side of the ma and the stop loss is just an emergency stop loss in case of extreme moves.
  • #676
  • Sep 11, 2012 11:41pm Sep 11, 2012 11:41pm
Currently My S/L is supposed to be 50 below the ma... but its not its about 75 below... why is that?

Here is a picture to show my setup, the first 3 options are true, true, false

What is going wrong here because it looks like to me its not doing this correctly
Attached Image (click to enlarge)
Click to Enlarge Name: EA screen.png Size: 58 KB
  • #677
  • Sep 12, 2012 12:36am Sep 12, 2012 12:36am
Quoting Maverick731
Currently My S/L is supposed to be 50 below the ma... but its not its about 75 below... why is that?

Here is a picture to show my setup, the first 3 options are true, true, false

What is going wrong here because it looks like to me its not doing this correctly
That's because that version trails behind the ma's value at the close of the previous candle. If you use the new version on the previous page it will trail behind the current candles's ma value.
  • #678
  • Sep 12, 2012 1:31am Sep 12, 2012 1:31am
eurnzd closed for a small loss and invalidated the long setup. Waiting for a move before I get in again. euraud looking similar but not closed out yet so may turn round today. I have some profit locked in on that pair anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd 12 09 12.gif Size: 19 KB
  • #679
  • Sep 12, 2012 7:13am Sep 12, 2012 7:13am
I may put the eurnzd trade back on if it closes above the 10 ema today. Looks like it could just have been a blip and I'd want to be long if it does break higher.
  • #680
  • Sep 12, 2012 10:55am Sep 12, 2012 10:55am
Ok, but method still stays 0 right?
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