SAR system based on QQE Adv and MACD Platinum

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LuisAY,

I'm not sure what you mean by your reply. Is there still a problem using either MACD Platinum? If so, you can contact me direct through my website address and I'll try and sort it out. Probably no use quoting stuff from your MT4 Journal etc, as I just don't understand it. Cheers. Jim

no problem, Jim. we at this age always take time dealing with these things, lol

i spent a few moments watching the trading records of the EA. and i came across a simple thought.

under the assumption that we intervene if we trade LIVE with it:

the 1st trade entry is for sure the significant one, because we can control its timing, but not the subsequent ones.

to avoid a losing streak of 7 or 8 levels up, i might (maybe silly) only allow 1st signal entered IF the price is in a inside-bar, or extreme(top or bottom) of a range (or similar flag/ledge). in this way, i see the levels of the losing streaks may be apparently reduced. in other words, within 3 or 4 attempts at most, the trend will pick up usually.

yes, it is from the Journal, probably from the MACD indi. itself, if I had the mq4 could probably correct it but I just have the ex4. Not to worry. If you have the mq4 for the MACD then I'd look at it. Thanks for your attention Jim.

LuisAY,

Sorry, can't help you with the mq4 files. I know what you mean, but I can't find them anywhere in my files. Unless you know where I could recover them from, I'm done. I have shared these same indicators with just the ex4 files, and I haven't had anyone else with the same problem that I know about. So not sure why it seems to be a problem for you only. Not being a real techie person, I'm not much of a help.

charvo,

Good to see you are putting some thought into this. I think I follow what you are saying, basically just going for higher probability set ups on that first trade using a couple of different filters. Makes sense. Not sure if I want to program it though as it would be pretty involved and I've got some other modifications in the pipeline at the moment. Have you done any manual backtesting using these sorts of filters? I'd be curious to see if it is a viable option and worth investigating further.

Cheers, Jim.

i did some manual tests for other methods, it is in those tests that i found when the price is extremly trapped within a narrow range, the breakout will be much more likely. then if we look at your system, the "breakout" here should be replaced by the 1st entry signal.

i'm not eager to see any coding/programming on this now. it is very easy to scan the chart using our eyes to decide if the current price actions are good for 1st entry (Inside Bars, pin-bar, lower highs + higher lows......), and that's why i call it a great candidate for a semi-EA.

will discuss this later on new findings. need to do more backtesting.

thread dead?

well, to wrap it up anyway

my test:

Magic #/CommentTradesGross profitGross lossNet profit% changeProfit factor
#74423783273.61-3003.24270.3701.09
#74424782345.22-2105.98239.2401.11
#74425694064.95-3480.05584.901.17
#74427745367.65-5379.31-11.6601

as you see, the conclusion: not worthwhile to trade live

1 month is short, but consider that low profit factor and the martingale MM.......

last, to live trade this system, improvements are definitely recommended. the indicator used to generate entries signals are insufficient. Price Pattern needs to be considered. my guess is that this EA should be started when the market has ranged/consolidated for a while since it is a break=out system ultimately.

charvo,

Thread not dead, but not much happening either. Thanks for your testing update. I am trading this EA live now but sticking to the 4hr charts where i can easily monitor and manually manage if required. Did a fair bit of testing using different settings, trading the 4hr chart with the Daily chart as a filter. Basically looking for consistent (but not the best) profit with an acceptable drawdown. I actually completed my testing on the EUR/AUD pair over the last 11 months. Again, not a huge testing period, but keep in mind that this was on full auto mode. Not sure if my manual interference would improve the overall results or not, and that is something I cannot say one way or the other.

Based on a $10K account on Go Trader, using a Baselot of 0.1 lot, trading from 1st June 2012 until 2nd May 2013, here are some of the results and settings.

1. 4hr 18,39,13 & 2,12,5 with the Daily being 18,39,13 & 2,12,5. +$1573 P/F 1.96 71 Trades D/D 3.45%
2. 4hr 12,26,12 & 1,8,3 with Daily being 18,39,13 & 2,12,5. +2044 P/F 1.92 101 Trades D/D 5.15%
3. 4hr 9,20,6 & 1,6,2 with Daily being 18,39,13 & 2,12,5. +2605 P/F 1.86 140 Trades D/D 12.26%

The above is just a brief overview, and I'm sure you could do a lot more optimization on all of these individaul settings if you had the time or patience. And also with the smallish drawdown, the Baselot size could be increased somewhat, and you could even consider increasing it as account balance grows. Not the most exciting set up trading the 4hr into the daily, but it does appear to increase the probability and reduce the risk somewhat. Had a quick play with some of the other pairs with mixed results using these same sort of settings. I guess each pair may have its own individual settings that you would have to determine.

So thanks again charvo for your interest and sharing your testing results. Cheers. Jim

hi everyone
i need 2 response about (QQE ADV) indicator .
1- i need audio alarm when rsi line(blue) crossed rsi dotted (red line) and 50 line in same direction(sell or buy).
2- i need QQE ADV in android mobile . if i find a mt4 line in android similar than rsi dotted(red) line , QQE ADV is used in android.

Okay, long time between drinks on this thread. A lot has happened since I first started this thread. A few EAs have been built based on this trading method, some good, some not so good. Now I need some help. I would like my fellow traders to have a look at some or all of these EAs and get back to me with some ideas on how they can either be morphed or modified to give a more consistent overall result. I will be taking these ideas that I consider viable to my Programmer and taking it from there. I have no problems on sharing whatever we come up with other traders here at FF.

**NOTE : This has nothing to do with my other thread regarding SAR on the 4hr charts. Completely different systems

I am not going to overload you with all the EAs on this one post though, but they will come with explanations behind each of them. I have had a look back through this thread and I noticed my previous videos have been scratched. I believe it was an infringement issue with YouTube re calling them Forex Factory..... fair enough I guess, so I had to re-title them. And here they are again and make sure you watch them in HD. Bad enough listening to me dribble on without a decent picture also. Cheers. Jim

Okay first up, I will attach the indicators I use in most of my EAs. These have been offered before, so some of you may already have them. It is the MACD Platinum and QQE Adv. There is also a 3rd indicator called QQE and MACD dual signal which just puts arrows on the chart to show the other two indicators crosses. More of a visual thing than anything else. Thanks to Hanover for that.

Default settings are 12,26,9 for MACD Plat and 1,8,3 for QQE Adv.

Next post I'll attached the latest version of the SAR EA. Cheers. Jim

Attached is the latest version of the SAR EA.

I would suggest you backtest this on a daily chart first up. Any volatile pair should do the trick. Go as far back as you can and use settings of 18,39,13 and then 2,12,5 on the top six settings. These refer to the MACD Plat and QQE in that order.

In FilterTimeFrame put -1 as this indicates that no higher time filter is being used. If it is -1 here then the next six settings don't matter, so just leave as is.

If you have a $10K demo account, I would suggest maybe max of 0.1 as FirstLot.

PipProfitTarget leave as -1 also. Again this means no profit target has been set.

SessionStartTime and SessionEndTime, leave either one or both blank which will allow the EA to trade over 24hrs.

SessionCloseMethod put down as 3. Doesn't really matter when you are trading over 24hrs as it mainly refers to when you nominate a trading session.

Give that a run and see how you go. I look forward to any comments. You need the indicators from the previous post to run this baby also. Remember it is a loss recovering EA, so position size will increase to make up for previous losing trades. Money Management is critical. Cheers. Jim

Okay, hopefully those that are interested in this EA development have had a chance to play with the SAR version 130312 EA, and get an idea of how it works. Video No.3 in Post No.210 above was actually based on an older version of this same EA. Version 130207, which I have attached to this post.

This version does not have a higher time frame filter attached to it. However the big difference is in the way it's Profit Target works. Remember if I input -1 into this, it will ignore any profit target and just go from trade to trade. Same on both versions. Now this is where the difference is. If I input a Profit Target of 19 then version 130312 will look for 19 pips profit and then won't open a new trade until there has been a new buy or sell signal, where as version 130207 will look for 19 pips profit, and if that is achieved, it will immediately open a new trade in the same direction and look for another 19 pips profit. So if there was a huge run in one direction, then version 130207 will just continually pick off +19 pip profits. Sounds better.

The problem is that eventually the market will turn and there will be a reversal signal and I can guarantee that version 130207 will have a losing trade that has to be recovered before we start again. Version 130312 may or may not have an open trade on the turn. If it hasn't, then we start afresh with a brand new sequence.

Bring up a EUR/USD 1hr chart with the settings of 18,39,13 & 2,12,5. Keep to the $10K demo account trading 0.1. Put a target of 19 in. With version 130312, leave FilterTimeFrame at -1. Also make sure you leave one of the Session Time inputs blank.

I'm curious to hear others comments about both of these scenarios. Cheers. Jim

Jim

I put two indicators on the chart Super trend and bbstop. This is what I noticed. When price is above both or below the indicators, the price is trending. When the price is in between the two the price is consolidating. If this is used as a filter to open the trade when the price has crossed the bbstop and closed when the price hits the supertrend when the price is conslidating and let the price run when price is above or below the two indicators in a trending market, we can make a nice EA. Just check this out



Consolidating



Trending

rvenky,

Thanks for the ideas. I'll check it out over the next few days and get back to you. Cheers. Jim

Attached is another one of my EAs called SMSF. This is one of my basket of EAs that all use the same two custom indicators. This EA came about as a result of the SAR EA as I was looking for an EA that would keep trades open in both directions and also use the same position size for each trade. I can also nominate an overall profit target for this EA. It is obviously much better if your broker allows hedging (short & long trades open at the same time on the same pair).

This EA also uses a time filter, so you can attach it to a 4hr chart with your desired settings and also have it only take trades that are in sync with a daily (1440) chart with its own settings on the same two indicators. I am looking to modify this EA also in the near future as I would like to add a money management feature and also a filter MA. Throw it on a EUR/AUD 4hr chart, using 10,20,7 & 1,6,1 and a time filter of 1440 with the settings of 18,39,13 & 2,12,5. Nil overall profit and nil Friday close. I normally run all my demo backtests on high leverage accounts of 400:1 and with a balance of $10,000, (normally Go Trader or Alpari UK) therefore I could easily use a position size of 0.1 without getting in too much grief. Have a play and see what you think.

The original SAR EA is currently receiving a few modifications from trusty Programmer, Christina from Wise EA (highly recommended). So I'll wait and see how that pans out before I share it here. I'm still looking to form one super hybrid EA basically based on my current EAs. Just trying to find the right mix of features. So any ideas would be welcome. Cheers. Jim

Hi, Jim,

Thanks for your recommendations as always. I have several new clients being directed from your thread.

I will not use too much of your space as the content of this post may or may not being completely relevant. Just want to point out I have decided to put up some free indicators and EA tools for share yesterday, if you guys are interested to take a look this is the link:

http://www.forexfactory.com/showthre...35#post7053135

I have quite a few such free programs I consider for share but making those videos takes too much time so it maybe a slow process to add more, I will try.

Cheers.

Hi,

I have been using the MACD Platinum indicator for some time now, I do find it very helpful

However, I was just wondering if those "Dots" can trigger an email alert. Unfortunately, I could not do it as I do not have the mq4 file with me


Is there someone who has the mq4 file or help adding email alert for the dots

Hi Buff,
Do you have the mq4 folder for the MACD_Platinum please?
I need it because I wish to have it adapted so it does not repaint - although it does not move very far on the screen and I emphasise that it is not a major problem.
Using it with my personal settings of 34/89/0 and my Divergence Predictor indicator it makes finding reversals easier and safer.
The ultimate goal is a signal on the MACD_Platinum 'dots' to be combined with a signal from the Divergence Predictor indicator and amalgamated into a safe and low risk EA.
Attached is a screengrab with yours being the bottom indicator with another accurate MACD superimposed for visual clarity.
Appreciate a reply.
Thanks
George

This is the result that an EA would have acheived using the combination of signals from the platinum other indi's.
The entry from the platinum/double stochs cross and the exit from o/b-o/s stochs/ plus CCI value.
This is one of the safest and lowest risk trading systems I have seen.
I'd appreciate the mq4 file so a coder can make the EA for trial.
Thanks
George