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Open/Close Crossover Method

  • #21
  • Jun 3, 2006 5:25pm Jun 3, 2006 5:25pm
For those who are unfamiliar with VTrader here is the link to download it:
http://www.cmsfx.com/en/platform/download/
  • #22
  • Jun 4, 2006 12:04am Jun 4, 2006 12:04am
http://www.tradejuice.com/forex/type...-cross-mm.html

An Article that has the similar concept..

So following the article, I am comparing EMA34Close to EMA35Open, on the Cable4H,and WOW..

I'm a nerd by trade (Computer Programmer) and so I'd like for the system to be 110% mechanical.

http://taylortree.com/2006/01/innovating-exits.html

In my old system, I use this method for a trailing stop, and found it quite effective. Perhaps I will program this into OCC as well.

So the goals for my system is:

1) Clear cut definitely, no questions ask, no hazy (is this a doji star??) without a doubt, Entry Signal.

2) Just as Clear Cut Exit Signal.

3) Some sort of Trailing stop method that protects profits, and moves only when the price is moving in the correct direction.

4) Some sort of logical method for position size.

The OCC covers at least the first 3 solidly..

Rich and I have different goals, I want to work the 4H chart, because I "might" have to go back and get a dayjob if my night job doesn't cover enough income, where as he's in it for the 5M ~ 15M charts. So take what both of us say with a grain of salt, and make sure you understand we have different motivations.
google:
  • #23
  • Jun 4, 2006 1:51pm Jun 4, 2006 1:51pm
Hello,

Thanks for all the help rich & twoblink,I appreciated very much.

I am going to test some ideas that i have,and if they turn out to be good i'll definetly let you guys know.

Thanks again,

Sebastian
  • #24
  • Jun 4, 2006 3:08pm Jun 4, 2006 3:08pm
Here is a modified version that adds MA widener to change the difference between MAs. It is set for GBP US 10 min charts and is doing very good. Trading should be between 5am-11am normally NY Time. The trailing stop needs work yet because twoblink has a better one that will stay in the trade longer - that will come later. It is a big improvement over my previous post.

I have included my new TS based on the linear weighted MA that works best in 10 or 15 min charts. It is showing 200-300 pips profit in GBP, CHF and EUR US. It uses the same stops, limits and timer as my other systems.
Attached File(s)
File Type: zip OCCross_TS_02.zip   4 KB | 604 downloads
File Type: zip LWMA_TS.zip   4 KB | 869 downloads
  • #25
  • Jun 4, 2006 4:04pm Jun 4, 2006 4:04pm
How much forward testing have you done on it? Do you have statements that you can post?
  • #26
  • Edited 6:12pm Jun 4, 2006 4:36pm | Edited 6:12pm
Quoting richx7
Here is a modified version that adds MA widener to change the difference between MAs. It is set for GBP US 10 min charts and is doing very good. Trading should be between 5am-11am normally NY Time. The trailing stop needs work yet because twoblink has a better one that will stay in the trade longer - that will come later. It is a big improvement over my previous post.

I have included my new TS based on the linear weighted MA that works best in 10 or 15 min charts. It is showing 200-300 pips profit in GBP, CHF and EUR US. It uses the same stops, limits and timer as my other systems.
Do you run both of these off the 10 min GBP Charts at the same time in VT ? Also, are you saying only activate this to auto-trade during the 5am-11am timeframe and no other time OR is this built-in to the system OR is this just a general observation ? thanks.
  • #27
  • Jun 4, 2006 6:52pm Jun 4, 2006 6:52pm
Given the time between now, and when I first conceived this idea, not too much forward testing as I look at the 4H charts. I cannot speak for Rich, as he looks at the 5M,10M, and 15M charts.

Rich, go ahead and try out my trailing stop. It works well, I had spent about 2 weeks programming almost every trailing stop I've read online. The ATR was one of the best ones, but this beats it by a long shot. It stays in the trade longer, but at the same time, gives you the added security that if a 9/11 ever happened, you have a stop in place.
google:
  • #28
  • Edited 7:16pm Jun 4, 2006 7:10pm | Edited 7:16pm
I have been trading the 34ema and 34ema+1shift for a while. I've now switched to the Open/Close idea because the math makes more sense to me. I have no idea why i didn't think of using the O/C instead of the +1shift. . .looking at them side by side they cross at nearly the same place but the O/C makes more logical/mathmatical sense than C/C+1shift.

I trade off the 30m candles during the NY morning session, and i'm beginning to look at the 4hr charts. One thing that has assisted me in becoming familiar with this model is the 30m charts are giving me usually one nice trade a day on each of the majors if i choose to trade them, though I'm still partial to the EURUSD , AUDUSD, and GBPUSD. This has been good for developing a feel for price action about the 34ema.


Thom

PS. I will post a link to the MT4 indicator this week once i test it live for those who wish to try it on their charts. It is just a hack on the V4hr with a couple of mods from myself and others.
  • #29
  • Jun 4, 2006 7:18pm Jun 4, 2006 7:18pm
Quote
Do you run both of these off the 10 min GBP Charts at the same time in VT ? Also, are you saying only activate this to auto-trade during the 5am-11am timeframe and no other time OR is this built-in to the system OR is this just a general observation ?
No - only 1 system can be run for each pair. I am running one of each in 10 min charts now with good results. You can try 15min if you want but settings may need changing. You can run one in GBP and another in CHF to test them. The best time to trade is in the morning and any other time will probably result in a loss. I set the timer sometimes to 3am start and 11am end. The long periods MA makes it like trading 1hr charts. You can use these as guides to trade manually which is much safer. The profit display is accurate (unlike backtesting in MT4) with graphics showing trades, and profit is updated each bar. Results mentioned were from the profit display and reflect constant trading and no crash or disconnect.
  • #30
  • Edited 8:44pm Jun 4, 2006 8:30pm | Edited 8:44pm
Quoting richx7
No - only 1 system can be run for each pair. I am running one of each in 10 min charts now with good results. You can try 15min if you want but settings may need changing. You can run one in GBP and another in CHF to test them. The best time to trade is in the morning and any other time will probably result in a loss. I set the timer sometimes to 3am start and 11am end. The long periods MA makes it like trading 1hr charts. You can use these as guides to trade manually which is much safer. The profit display is accurate (unlike backtesting in MT4) with graphics showing trades, and profit is updated each bar. Results mentioned were from the profit display and reflect constant trading and no crash or disconnect.
Thanks for the response. I think I get it now. Can you tell me how to set the timer in VT ? For some reason the VT demo server appears to be down. But as soon as its up I plan to give these a try.
  • #31
  • Jun 4, 2006 9:44pm Jun 4, 2006 9:44pm
The server is down now but when it is available the timer is set either on or off (default). Enter start time 0-23 hr and 0-60 min (if using 10min charts use 10 increments - 10,20,30,etc). 15min charts would be 15,30,45,0 min etc. End time is 0-24 hr and minutes use is the same as start. Timer is a 24 hour clock. Always set end time later than start since it is only a daily timer. Hope this helps.
  • #32
  • Jun 4, 2006 9:56pm Jun 4, 2006 9:56pm
In autotrade you can only run one system in each pair. In normal mode you can run one trading system in GBP and a different one in a different time chart for GBP. CMS has a good help file and an up to date PDF that can be downloaded that explains VT use and programming your own systems.
  • #33
  • Jun 4, 2006 11:51pm Jun 4, 2006 11:51pm
Quoting richx7
The server is down now but when it is available the timer is set either on or off (default). Enter start time 0-23 hr and 0-60 min (if using 10min charts use 10 increments - 10,20,30,etc). 15min charts would be 15,30,45,0 min etc. End time is 0-24 hr and minutes use is the same as start. Timer is a 24 hour clock. Always set end time later than start since it is only a daily timer. Hope this helps.
I think I found the timer setting in your OC Cross but as far as I can see there's not one in the LWMA. Did you leave it off LWMA on purpose ? Just curious. thanks.
  • #34
  • Jun 5, 2006 12:36am Jun 5, 2006 12:36am
Another quick question. Maybe I'm understanding this incorrectly but how come the Enable Initial Stoploss and Enable Trailing Stoploss are set to "No" in both systems (LWMA/OC Cross) ? I hope this isn't a dumb question. thx
  • #35
  • Jun 5, 2006 2:45am Jun 5, 2006 2:45am
I'm using 55 as my period now, to test instead of 34 on the 4H charts.

EMA_55_Close as the vodka
EMA_56_Open as the chaser.

On the GBP/USD 4H, backtesting it has produced incredible results.

Right now, I'm in the testing phase but it shows real promise.

TMA_34_Open / TMA_34_Close seems excellent, as the TMA vs EMA smoothes things out quite a bit..
google:
  • #36
  • Jun 5, 2006 4:22am Jun 5, 2006 4:22am
Quote
I think I found the timer setting in your OC Cross but as far as I can see there's not one in the LWMA. Did you leave it off LWMA on purpose ? and how come the Enable Initial Stoploss and Enable Trailing Stoploss are set to "No" in both systems (LWMA/OC Cross) ?
I didn't leave the timer off on purpose and will include one later along with other changes - this is a test version. Stops are set to NO by default so you can choose them only if you want. Results are better overall without them.
  • #37
  • Jun 5, 2006 9:59am Jun 5, 2006 9:59am
Quoting richx7
I didn't leave the timer off on purpose and will include one later along with other changes - this is a test version. Stops are set to NO by default so you can choose them only if you want. Results are better overall without them.
What happens to open positions when using a timer ? Are they closed at the time the system is stopped for the day or left open 'til the next trading starts ?
  • #38
  • Jun 5, 2006 1:03pm Jun 5, 2006 1:03pm
When using a timer trades are left open 'til the next trading starts. I would like to have an option that closes the trade at the end time, and that will come later. A trailing stop using twoblink's MA technique will keep trades in longer and is another priority. When that trailing is available I will set trailing to on by default.
  • #39
  • Jun 5, 2006 2:36pm Jun 5, 2006 2:36pm
Hi guys,

Can you please explain what does the triangulation of the MA does,because it seems to me thet it messes up with the entry signals sometimes.It gives them to late.
It doesn't comply with the original entry criteria (open/close with the brake of a MAs).I was whatching 34 O,34C -triangular


Thanks,

Sebastian

P.S.:Sorry for my english(not my native language).
  • #40
  • Jun 5, 2006 3:55pm Jun 5, 2006 3:55pm
Quote
Can you please explain what does the triangulation of the MA does,because it seems to me thet it messes up with the entry signals sometimes.It gives them to late. It doesn't comply with the original entry criteria (open/close with the brake of a MAs).I was whatching 34 O,34C -triangular.
Triangular MA is used because it is the only MA type that prevents numerous bad trades. Late signals are a problem with MAs. The original 34 O,34C has been changed to 56 O, 55 C in twoblink's latest post, and I have added a feature that can change the diiference to any value you want (can be set to 65 O, 55 C if desired).
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