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  • #61
  • Jun 6, 2006 9:43am Jun 6, 2006 9:43am
Quoting richx7
Twoblink's system is an indicator for live trading manually, and mine is a auto trader that will make trades for you.

Oh,i see.

Twoblink can you please tell me if you want it to be manual or have you though of asking those guys at VT trader to make it auto system for you?(or maybe you will do it yourself).
I was thinking about that,but i want to check with you first,and see your side of it.
I think it would be great if it could be traded automaticly.

Sincerely,

Sebastian
  • #62
  • Jun 6, 2006 10:51am Jun 6, 2006 10:51am
Quoting richx7
Here is Long MA Crossover EA with trailing stop that could be used as a start in building a good OCC. It has limited options but may work with Golden Girl's to give a workable starting EA.
Hey Rich,

Can I just ask how you use this system? I would like to run it on 5 or 15 minute charts, I have been looking at the 15 minute charts today, and I like what I have seen.

Do you have a set stop loss? Or do you run it using the next cross as the exit of one position and the entry to the next? So you are always in the market?

If you have a stop loss, what do you set it at? Looking at the 15 minute chart, I don't think it would have to be much, I am considering around 20 pips SL, I don't think I would be stopped out of too many trades with that.

Just curious. Thanks for posting the EA for MT4. Much appreciated.

Thanks heaps.
Katie
  • #63
  • Jun 6, 2006 12:18pm Jun 6, 2006 12:18pm
I can program in the autotrading of that's what you guys want. I'm fairly a fairly compotent programmer; but I will have to say, I have been ansy (sp?) about VT's auto trading system's reliability.. I have used it before, and to great disliking. So I usually program myself saying something like "The marketing is counter trending, please come over and sell a few lots" or something like that as a trading signal that drones over my speakers..

So there's the legal disclaimer..

That said, sure, I can slap in the autotrading.. My wife's day off tomorrow, so we are going on a mini-vacation, so will do that probably Thursday.

That said, I've got the MT4 manual, will print the entire hunker out, and put it on my lap, and probably program it into MT4. MT4 programming has a LOT of options, so I'll probably program the vanilla version first. It doesn't look to difficult however to perhaps program a thumbs up thumbs down on the bar; perhaps the entry value, and to color that bar so you can see it visually quickly.

The 56O chase 55C seems to work like Peanut Butter and Jelly on the 4Hour charts. Very very pleased with it.
google:
  • #64
  • Edited 1:20pm Jun 6, 2006 12:31pm | Edited 1:20pm
Quoting twoblink

That said, sure, I can slap in the autotrading.. My wife's day off tomorrow, so we are going on a mini-vacation, so will do that probably Thursday.
Sounds great twoblink on the auto-trading feature. Can you elaborate on VT auto-trade problems ?

Just a side note on Rich's LWMA system and the OC Cross system. I have the LWMA running on CHF and GBP 10M charts and they are doing well over the short period VT shows. Currently riding 60 pip profit on CHF. The OC Cross TS_2 system doesn't seem to be doing quite as well although I'm not running it. On the charts it seems to lag way too much and miss the optimal entry compared to LWMA which is catching it. Are you seeing that too Rich ? I'm using the defaults you have in your latest LWMA system.
  • #65
  • Jun 6, 2006 2:51pm Jun 6, 2006 2:51pm
The auto-trading.. where do I begin.. OoyVay..

First, VT and the word "stable" don't go together.

Second, it's got "dummy" tracking.. so it works like this:

Say I have two variables, "long_in", and "short_in". Each set to 0. When i start the system on auto-trade, it is set to 0. If it hits a signal, and it goes long, it adds 1 (+1) to the variable long_in. That way, it knows, if there's a signal, to close out the position.

But if the chart server, or the server itself is unavailable for a while, then when it starts back up again, it RESETS the variable to 0, even though it should be at +1!! So if it blinked a buy signal again, it will show a +1 on the variable, but in reality, you will be in at +2 on the long side.

With me so far?

And I let it auto-trade one time, when I went to lunch..
Came back to -50 pips.. why? Well, looking at the price log, it looks like, it fluxed between a buy signal, and a don't buy signal, (floated around the tunnel) and it bought and sold bought and sold bought and sold about 13 times or so, within the course of 10 minutes, each time losing the spread (and then some)

One time, it crashed Windows, and since it doesn't put in a stop for you, I was + 700 pips.. when I came back, and made several attempts to relogin. What if I was on the wrong side? Good thing that was a demo account..

I could go on and on..

Actually, now that I think about all the horrors.. I probably won't program in the auto-trading.. Lest someone loses their retirement because of it.

If it weren't for the easy backtesting, I'd drop VT like 4th period french..

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

That said, I note I think 19 pairs tradeable in VT..

I'm going to, probably starting next week, trade a demo account ALL 19 PAIRS on the 4H chart. We will see, if this system holds up or not.

I'd love to go 4 weeks trading all pairs based solely on the OCC signals. (if my account lasts that long!!) I'll be trading 0.1Lots instead of 1 lots, to extend my money..

But the OCC Marathon will start next week.

Here's the math behind the 4H charts from my perspective:

Wake up at 8am my time, which puts me at 8pm NY time. First bar.
Go to lunch at 12:30, so I see 2nd bar.
Perhaps sneak a peek before going to dinner, 3rd bar.
Take a peek, before going to bed. 4th bar
Sleep through bar 5, and bar 6.
Wake up and repeat.

This is doable, even with a day job, and in fact, this is the ultimate day job trading timeframe. I tried dayjob + 1H charts, difficult, very difficult.

and looking at the math, you don't make less actually.

Let's say you make 1000 pips per month from trading 4H charts (quite doable).
5.5 days of trading per week, 4 weeks per month = 22 trading days.

1000 pips / 22 days = 45 pips per trading day average. That's not bad at all! Double the lot size, and you're at 90 pips a day average.

I'm looking to, when I trade live, look at 4 pairs:
GBP, Yen, Eur, and CHF. If I'm average 200~400 pips per month per pair, that's 800~1600 pips per month total. If I can keep that up, I'll be sitting in a tropical island sipping a Mimosa with a little umbrella in it...
google:
  • #66
  • Jun 6, 2006 2:56pm Jun 6, 2006 2:56pm
BTW, my OCC (at least my 4H version, not Rich's version) is like the Parabolic SAR; you are ALWAYS in the market, either short or long.. So on the auto-trade, if you flipped back and forth, you'd get into that problem I mentioned earlier, it'd buy and sell, buy and sell over and over again.. losing you the spread while at it..

Also, auto-trading means NO STOPS.
google:
  • #67
  • Edited 4:38pm Jun 6, 2006 3:11pm | Edited 4:38pm
Quoting twoblink
BTW, my OCC (at least my 4H version, not Rich's version) is like the Parabolic SAR; you are ALWAYS in the market, either short or long.. So on the auto-trade, if you flipped back and forth, you'd get into that problem I mentioned earlier, it'd buy and sell, buy and sell over and over again.. losing you the spread while at it..

Also, auto-trading means NO STOPS.
Ok, I see what you mean on auto-trade and I can find the time you specified for 4H charts. But what about trailing stops ? Can you do that with a manual trade in VT ? I know there's a built-in trading system for trailing stops but maybe you have a better one. Not to mention its an auto-system again which could fail like you said leading to poor results. Are there any brokers that allow you to enter trailing stops into an initial order ? If it turns out to be a manual system CMS might not be the best broker due to their large spreads. Just trying to follow the process cradle to grave with manual trade. thx
  • #68
  • Jun 6, 2006 3:11pm Jun 6, 2006 3:11pm
BTW, my trading model, is almost complete. It meets all my preset criterias..

1) Exact entry point (down to the pip, of when to enter)
2) Exact exit point (when you should exit)
3) Some sort of intelligent trailing stop, that moves up to lock in profits, but hangs back enough to let the profits run; all the while, being around just in case another plane flies into another tall building.
4) Rule sets about money management
5) Some sort of profit taking, so a winning trade doesn't become a losing one
6) Cutting my losses, and letting my profits run; meaning not closing out a position after making a certain number of pips, but rather, letting the system run until an exit signal is reached.
7) Only 2 methods of exit; it hits the stop, or the exit signal appears.
8) Position size is set (0.3 lots / $5000 in the piggy bank) as the system is traded in groups of 3's, this works out nicely. When there's $10K in the bank, then the position size grows to 0.6 lots, with groupings of (0.2 x 3 sets).
9) Bonus side effect; like the Parabolic SAR, always in the market.
10) Risk vs Reward ratio should be better than 80% most of the time.
11) Works with the 4H timeframe.
12) Occam's Razor ~ http://en.wikipedia.org/wiki/Occam's_Razor
The System is simple enough to chart on any piece of trading chart, and simple enough to explain to anybody within 1 minute.
13) The model is based on sound, intelligable theory that can be explained, and justified in concept, without complex math.
14) The model consists of 4 or less indicators, 2 of which are from the same family of indicators.
15) The indicators are not custom made, so the results can be independently verified by unknown 3rd parties.
16) The model is not unique to only a certain currency pair.
17) Backtesting has yielded positive results confirming a 80%+ in winners
18) Not really dependent on the movement of the longer timeframes, a single timeframe will encapsulate all the information you need.
19) Easy enough for my wife to understand it, should the need arise for her to trade for me.
20) My "gut" feels good about it.

D@mn.. it's 4am..
google:
  • #69
  • Jun 6, 2006 3:17pm Jun 6, 2006 3:17pm
Quote
Here is Long MA Crossover EA with trailing stop that could be used as a start in building a good OCC. It has limited options but may work with Golden Girl's to give a workable starting EA. Can I just ask how you use this system? I would like to run it on 5 or 15 minute charts, I have been looking at the 15 minute charts today, and I like what I have seen. Do you have a set stop loss? Or do you run it using the next cross as the exit of one position and the entry to the next? So you are always in the market?
I haven't used it yet (don't know if it works) . I am not skilled on EAs yet so I am just giving a general observation. It also requires TZP (time zone) which I have included here.

Here is a link to the EA: http://www.metaquotes.net/forum/1499/
It uses 3 EMAs 12, 144, 169 close, has a trailing stop and limit, uses pivot points, and has numerous other options. For trading I use VT with its graphics and simulator that are easier than MT4. My LWMA TS made 175 pips this morning (good trading day). It crashes though and brokers are limited to CMS. I would like a good EA for MT4 and hope this will help. Twoblink is a C programmer and is better at MT4 than me. It could be a start of a good EA but needs a lot of work yet.
Attached File(s)
File Type: mq4 TZP.mq4   6 KB | 535 downloads
  • #70
  • Jun 6, 2006 3:40pm Jun 6, 2006 3:40pm
For those who wish to learn programming Microsoft has a free Visual studio 2005 with C+, C#, J#, and VBasic at:

http://msdn.microsoft.com/vstudio/express/
  • #71
  • Jun 6, 2006 4:11pm Jun 6, 2006 4:11pm
Quoting richx7
For those who wish to learn programming Microsoft has a free Visual studio 2005 with C+, C#, J#, and VBasic at:

http://msdn.microsoft.com/vstudio/express/
Or you just might want to take the easy and elegant way and learn Python at Python.org
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #72
  • Jun 6, 2006 4:16pm Jun 6, 2006 4:16pm
I wholeheartly second this!

Quoting MrWhipple
Or you just might want to take the easy and elegant way and learn Python at Python.org
-soso
  • #73
  • Jun 6, 2006 4:22pm Jun 6, 2006 4:22pm
Quoting twoblink
The auto-trading.. where do I begin.. OoyVay..

First, VT and the word "stable" don't go together.

Second, it's got "dummy" tracking.. so it works like this:

Say I have two variables, "long_in", and "short_in". Each set to 0. When i start the system on auto-trade, it is set to 0. If it hits a signal, and it goes long, it adds 1 (+1) to the variable long_in. That way, it knows, if there's a signal, to close out the position.

But if the chart server, or the server itself is unavailable for a while, then when it starts back up again, it RESETS the variable to 0, even though it should be at +1!! So if it blinked a buy signal again, it will show a +1 on the variable, but in reality, you will be in at +2 on the long side.

With me so far?

And I let it auto-trade one time, when I went to lunch..
Came back to -50 pips.. why? Well, looking at the price log, it looks like, it fluxed between a buy signal, and a don't buy signal, (floated around the tunnel) and it bought and sold bought and sold bought and sold about 13 times or so, within the course of 10 minutes, each time losing the spread (and then some)

One time, it crashed Windows, and since it doesn't put in a stop for you, I was + 700 pips.. when I came back, and made several attempts to relogin. What if I was on the wrong side? Good thing that was a demo account..

I could go on and on..

Actually, now that I think about all the horrors.. I probably won't program in the auto-trading.. Lest someone loses their retirement because of it.

If it weren't for the easy backtesting, I'd drop VT like 4th period french..

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

That said, I note I think 19 pairs tradeable in VT..

I'm going to, probably starting next week, trade a demo account ALL 19 PAIRS on the 4H chart. We will see, if this system holds up or not.

I'd love to go 4 weeks trading all pairs based solely on the OCC signals. (if my account lasts that long!!) I'll be trading 0.1Lots instead of 1 lots, to extend my money..

But the OCC Marathon will start next week.

Here's the math behind the 4H charts from my perspective:

Wake up at 8am my time, which puts me at 8pm NY time. First bar.
Go to lunch at 12:30, so I see 2nd bar.
Perhaps sneak a peek before going to dinner, 3rd bar.
Take a peek, before going to bed. 4th bar
Sleep through bar 5, and bar 6.
Wake up and repeat.

This is doable, even with a day job, and in fact, this is the ultimate day job trading timeframe. I tried dayjob + 1H charts, difficult, very difficult.

and looking at the math, you don't make less actually.

Let's say you make 1000 pips per month from trading 4H charts (quite doable).
5.5 days of trading per week, 4 weeks per month = 22 trading days.

1000 pips / 22 days = 45 pips per trading day average. That's not bad at all! Double the lot size, and you're at 90 pips a day average.

I'm looking to, when I trade live, look at 4 pairs:
GBP, Yen, Eur, and CHF. If I'm average 200~400 pips per month per pair, that's 800~1600 pips per month total. If I can keep that up, I'll be sitting in a tropical island sipping a Mimosa with a little umbrella in it...

Yeah,nicely said.
I guess i was a bit ahead of myself.
You are totaly right,you only need to check the charts 4-5 times a day,absolutely doable for almost everyone.
Besides,I also had some problems with automated systems on VT

Thanks twoblink for sharing and help,I wish you luck with that tropical island and sipping a Mimosa thing(If i'd knew what that is?)

By

Sebastian
  • #74
  • Jun 6, 2006 4:42pm Jun 6, 2006 4:42pm
I like my LWMA which is based on the slope of the linear weighted MA (available in MT4) and it is highly profitable. The code is simple and could be ported to MT4. CMS made some server changes Sunday and it is working better so far this week. I think the problem may be with winsocket and the no data error which crashes XP. Mt4 reconnects without a problem - maybe VT will too someday.
  • #75
  • Jun 6, 2006 5:35pm Jun 6, 2006 5:35pm
I added the MT4 simple OCC from Golden Girl to 15 min charts with mode 2 (Linear weighted) and fast MA of 22 slow MA of 36. It gives good buy sell signals now. I increased the arrow size to make it more visible when using many indicators. In choppy trading you can increase these MAs or go to 30min charts. Linear weighted MAs have little delay and are very smooth.
  • #76
  • Jun 6, 2006 6:00pm Jun 6, 2006 6:00pm
here is the start of the GFT dealbook

I was wondering if someone could recap the system with all the changes since the first post
Attached File(s)
File Type: zip occ.zip   < 1 KB | 564 downloads
  • #77
  • Jun 6, 2006 9:18pm Jun 6, 2006 9:18pm
Quoting twoblink
BTW, my trading model, is almost complete. It meets all my preset criterias..

20) My "gut" feels good about it.

D@mn.. it's 4am..
That's awesome Twoblink. Many thanks to you and Rich for all your efforts in this thread!!

Don
  • #78
  • Jun 6, 2006 10:39pm Jun 6, 2006 10:39pm
Dear Sabastian,

http://en.wikipedia.org/wiki/Mimosa_(cocktail)

;-)
google:
  • #79
  • Jun 7, 2006 5:02am Jun 7, 2006 5:02am
Here is the Universal MA Cross EA that has many options and makes a profit in the backtester in 15 and 30 min charts for the past week - I tested it and it works. Options include timer, trailing stop and stop, limit, adjustable MAs, stop and reverse, SAR, 2 or 3 MAs choice, and risk. It is a complete EA and needs little modification.

Here is the link: http://www.forex-tsd.com/expert-advi...post23959.html
Attached File(s)
File Type: mq4 UniversalMACrossEA.mq4   27 KB | 741 downloads
  • #80
  • Jun 7, 2006 5:23am Jun 7, 2006 5:23am
Quoting richx7
Here is the Universal MA Cross EA that has many options and makes a profit in the backtester in 15 and 30 min charts for the past week - I tested it and it works. Options include timer, trailing stop and stop, limit, adjustable MAs, stop and reverse, SAR, 2 or 3 MAs choice, and risk. It is a complete EA and needs little modification.

Here is the link: http://www.forex-tsd.com/expert-advi...post23959.html
Hey Rich, thanks very much! I have been looking for the same thing today to post for all to try, but couldn't really find one that was as good as this!

Great that you linked to the post in forex-tsd which explains to those of us who are no good with programming (I have really no idea how to do it!), to show us what we need to modify if we want to.

Much Appreciated.
Katie
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