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Quick and Dirty EOD

  • #781
  • Sep 24, 2012 4:08pm Sep 24, 2012 4:08pm
Vantage have changed their server time to GMT +3 which means my daily candle has just closed. The only current trades now are euraud which just closed above the 10 ema so the open order and the pending order stay in place. Eurnzd closed below the 10 ema so the sell set up is still technically viable so I placed a pending order below the last low of the doji. I'll update tomorrow night.
  • #782
  • Sep 24, 2012 7:50pm Sep 24, 2012 7:50pm
Quoting Hugh Briss
Vantage have changed their server time to GMT +3 which means my daily candle has just closed. The only current trades now are euraud which just closed above the 10 ema so the open order and the pending order stay in place. Eurnzd closed below the 10 ema so the sell set up is still technically viable so I placed a pending order below the last low of the doji. I'll update tomorrow night.
I'm wondering if different daily close times have an affect on the system performance. When I get some time over the next few days I'm going to back test on FXDD (5pm est close), IBFX (8pm est close), and Oanda (midnight est close) to see how much of a difference it makes.

What do you guys think?
  • #783
  • Sep 24, 2012 10:33pm Sep 24, 2012 10:33pm
Quoting psydox
I'm wondering if different daily close times have an affect on the system performance. When I get some time over the next few days I'm going to back test on FXDD (5pm est close), IBFX (8pm est close), and Oanda (midnight est close) to see how much of a difference it makes.

What do you guys think?
I think they will both have slightly different outcomes but over a big enough sample you will get a similar result with any broker.
  • #784
  • Sep 25, 2012 2:57am Sep 25, 2012 2:57am
Quoting psydox
I'm wondering if different daily close times have an affect on the system performance. When I get some time over the next few days I'm going to back test on FXDD (5pm est close), IBFX (8pm est close), and Oanda (midnight est close) to see how much of a difference it makes.

What do you guys think?
It definitely makes a difference.
I use Pepperstone whose platform is +2 GMT and Thinkforex (demo) whose platfrom is -1 GMT.

The daily candle closed well above the 10EMA on Thinkforex for EurNzd.
  • #785
  • Sep 25, 2012 5:27am Sep 25, 2012 5:27am
Quoting normtold
It definitely makes a difference.
I use Pepperstone whose platform is +2 GMT and Thinkforex (demo) whose platfrom is -1 GMT.

The daily candle closed well above the 10EMA on Thinkforex for EurNzd.
Yes but that's just one trade on one day. Over 5000 trades you will come up with a similar result.
  • #786
  • Sep 25, 2012 8:17am Sep 25, 2012 8:17am
Quoting Hugh Briss
I think they will both have slightly different outcomes but over a big enough sample you will get a similar result with any broker.
Now that you mention sample, thank you for posting that video before. Very informative and helps no matter what your current situation is.
  • #787
  • Sep 25, 2012 9:36am Sep 25, 2012 9:36am
Quoting psydox
Now that you mention sample, thank you for posting that video before. Very informative and helps no matter what your current situation is.
No worries, I think everyone should see that at least once.
  • #788
  • Sep 25, 2012 10:36am Sep 25, 2012 10:36am
Quoting Hugh Briss
No worries, I think everyone should see that at least once.

HB, any intention to start a journal on QD(quick and dirty)? going back 6 months?
  • #789
  • Sep 25, 2012 10:42am Sep 25, 2012 10:42am
Hi Hugh Briss,

Thank you so much for sharing your profitable trading systems with others. I have a question about the expected stop losses which i hope you'll answer when your time permits. I am testing your method on two demo accounts. One is your suggested pairs and another with all pairs just so i can get as much practice in as possible.

Last night i filled an AUDJPY short. While my initial Stop Loss was 100 pips the Trail&CloseOrderSLtoMA_EA_v1.04 seems to have modified it to be more when the trade went a few pips into profit to a Stop Loss of approximately 140 pips. I understand that the Trail&CloseOrderSLtoMA_EA_v1.04 50pip MA buffer may be the cause of this.

Is it correct that a trade has a stop loss over 100 pips? I was thinking the max stop was supposed to be 100 pips but, i probably misunderstood that is only for the emergencies where we have a perfect fill and reverse against us and the Trail&CloseOrderSLtoMA_EA_v1.04 EA does not have a chance to kick in.

I am just wanting to confirm what to expect and if this is correct.

Appreciate your and anyone else's time in answering.
  • #790
  • Sep 25, 2012 12:51pm Sep 25, 2012 12:51pm
Quoting driven18
HB, any intention to start a journal on QD(quick and dirty)? going back 6 months?
I haven't posted a journal on this method as the account I have been trading it on has all of my other experimental systems running on it too so the history makes no sense. There are some developments coming up in the near future which will change a few things.
  • #791
  • Sep 25, 2012 12:55pm Sep 25, 2012 12:55pm
Quoting bshoe24
Hi Hugh Briss,

Thank you so much for sharing your profitable trading systems with others. I have a question about the expected stop losses which i hope you'll answer when your time permits. I am testing your method on two demo accounts. One is your suggested pairs and another with all pairs just so i can get as much practice in as possible.

Last night i filled an AUDJPY short. While my initial Stop Loss was 100 pips the Trail&CloseOrderSLtoMA_EA_v1.04 seems to have modified it to be more when the trade went a few pips into profit to a Stop Loss...
Hello, I'm not sure how the expert advisor moved the stop loss further away, I've never had this happen.

The 100 pip stop loss is just a guide, you could use 1 or 1.5 times ATR if you like. The idea is just to give it a bit of room for the trade to work out but not so much room that if the trade is going to fail that you give too much away which is why I give it 100 pips from the entry and then trail once the trend develops a bit.
  • #792
  • Sep 25, 2012 1:23pm Sep 25, 2012 1:23pm
Thanks for the reply Hugh. Oh wait i think i might have misunderstood the way the EA works. I have the below settings i got from the thread. It has the "USE_ATR_as_BUFFER" set. Current ATR for AUDJPY is around 82 pips.

When i measure the distance from the MA to the stop it corresponds closely to the ATR. However, from my entry this works out to about 130-140 pips.

I guess what i am wondering now is am i not supposed to apply the EA unless the trade goes in our favor so that the EA doesn't set an initial stop much larger than the 100pip suggested approximately? I had thought i'd have the EA enabled all the time but, this seems like it will set a stop nearly 50% larger at times.

I guess i can use the MPTM EA with a hidden SL of 100 to override the TS+MA EA to prevent larger stops in the beginning of a trade.

--

USE_TS_MA=1
USE_Close_MA=1
USE_Close_HA=0
MA=10
OFFSET=0
comment1=0:sma,1:ema,2:smma,3:lwma
METHOD=1
comment2=0:close,1:open,2:high,3:low,4:median,5:typical,6:weighted
APPLY_TO=0
TF=1440
BUFFER=50.00000000
USE_ATR_as_BUFFER=1
ATR=20
ATR_multiplier=1.00000000


Apologies for my confusion.
  • #793
  • Sep 25, 2012 1:27pm Sep 25, 2012 1:27pm
Quoting bshoe24
Thanks for the reply Hugh. Oh wait i think i might have misunderstood the way the EA works. I have the below settings i got from the thread. It has the "USE_ATR_as_BUFFER" set. Current ATR for AUDJPY is around 82 pips.

When i measure the distance from the MA to the stop it corresponds closely to the ATR. However, from my entry this works out to about 130-140 pips.

I guess what i am wondering now is am i not supposed to apply the EA unless the trade goes in our favor so that the EA doesn't set an initial stop much larger than the 100pip suggested...
You need to set the initial stop yourself manually when you place the pending order and the ea will trail the stop automatically once your trade goes into profit.
  • #794
  • Sep 25, 2012 1:35pm Sep 25, 2012 1:35pm
I was not sending the initial stop loss with the order. I was attaching it after fill via Steve Hopwood's MPTM EA. Anyway, I'll do some more practicing to try to get the hang of how the EA works better. Many thanks.
  • #795
  • Sep 25, 2012 1:36pm Sep 25, 2012 1:36pm
Meta trader EAs....... the beginning of the end...........
  • #796
  • Sep 25, 2012 1:41pm Sep 25, 2012 1:41pm
Quoting bshoe24
I was not sending the initial stop loss with the order. I was attaching it after fill via Steve Hopwood's MPTM EA. Anyway, I'll do some more practicing to try to get the hang of how the EA works better. Many thanks.
Right, how are you getting two ea's on one chart then?! It works fine if you just place the inital stop when you place the order and then let the ea trail the stop/s for you.
  • #797
  • Sep 25, 2012 1:52pm Sep 25, 2012 1:52pm
Quoting Hugh Briss
Right, how are you getting two ea's on one chart then?! It works fine if you just place the inital stop when you place the order and then let the ea trail the stop/s for you.
Steve's MPTM EA will go on one chart and manage/watch all pairs optionally. It has many general purpose mgmt settings - all disabled by default. I had just turned on the "add a missing stop loss" for all/any pairs setting but, at fill i think this EA and your EA battled seeing the missing stop loss and your EA set its own farther than expected.

Right now i have the MPTM EA set to use the 100 pip hidden stop loss but, you're telling me if i set the 100 pips stop loss with the order your EA will only activate when it's in positive enough profit. Makes sense. My unique setup just complicated it i think i see now.

Here is the MPTM EA just fyi..
http://www.stevehopwoodforex.com/php...opic.php?p=516

Sorry again for the self-generated confusion.
  • #798
  • Sep 25, 2012 1:54pm Sep 25, 2012 1:54pm
Quoting tradestar1
Meta trader EAs....... the beginning of the end...........
Really? But it just trails the stops for you?!
  • #799
  • Sep 25, 2012 1:55pm Sep 25, 2012 1:55pm
Quoting bshoe24
Steve's MPTM EA will go on one chart and manage/watch all pairs optionally. It has many general purpose mgmt settings - all disabled by default. I had just turned on the "add a missing stop loss" setting but, at fill i think this EA and your EA battled seeing the missing stop loss and your EA set its own farther than expected.

Right now i have the MPTM EA set to use the 100 pip hidden stop loss but, you're telling me if i set the 100 pips stop loss with the order your EA will only activate when it's in positive enough profit. Makes sense. My...
No problem at all, as long as you are sorted now.
  • #800
  • Sep 25, 2012 1:56pm Sep 25, 2012 1:56pm
I guess it is pretty obviouse I don't think much of meta trader......
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