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D1 - 20 EMA & 50 EMA

  • #261
  • May 15, 2013 11:52am May 15, 2013 11:52am
Quoting 21vs7
As said this system is not fully automatic..it becomes manual system after the full positions are done (8/8). Then as said weekly levels are much of importance. It is players role how to play that out. Trailing, widening the TP or slowly letting them go out naturally -original tp and sl. As seen in simulations - there is a lot of optimizing to be done when tp or sl are coming into play. Yes, when the system closes the trade on sl or tp, almost immediately opens another one, that is definitely a weakness. That is why it is of much importance to have...
Tks 21Vs7,

This is exactly my point. By the time we are entering our last positions, trend might not have the same momentum as it was in the beginning of sequence. It becomes more difficult to achieve the same fixed target levels as defined for the first trade. Alternatively we might keep the same target price for the following trades as given for the first one. Or in forward testing we should stop the EA after desired number of trades and let the trades reach their targets or SL. Still EA is good option for at least opening the positions and as you suggested manually handle the exits. This will free up us from sticking to the computer.

100pips just clearing up some points and in no way I am criticizing the system. It is a solid system with lot of patience and emotion control required without unnecessarily jumping in and out of positions. Very important to have clear targets and exit points to take out the guesswork. I have previously worked on a similar system with good success. Will closely follow and will definitely use it for my long term trading.
  • #262
  • May 15, 2013 12:03pm May 15, 2013 12:03pm
Quoting Erebus
{quote} Please, which EA, posted by whom? Which pair are these trades on? Price? Any chance of a chart? What trend changed? Regards, E.
I have tried some trade using the h1d1 extra B EA, then i have noticed the official Ea of our leader, 100pipsAday, so i have inserted this ea in almost each indicated pair, with the correct settings. the result is impressive, over 200 pips in the first day, it is shown in my second demo account, called "Android" here.
Thank you so much, 100pips! Your strategy gave me ideas to develope something new, starting from the daily chart.
  • #263
  • May 15, 2013 12:12pm May 15, 2013 12:12pm
Quoting hnk
{quote} Tks 21Vs7, This is exactly my point. By the time we are entering our last positions, trend might not have the same momentum as it was in the beginning of sequence. It becomes more difficult to achieve the same fixed target levels as defined for the first trade. Alternatively we might keep the same target price for the following trades as given for the first one. Or in forward testing we should stop the EA after desired number of trades and let the trades reach their targets or SL. Still EA is good option for at least opening the positions...
You make very valid points and no offense taken

This EA will help us maximize profits when trend is strong but it is highly recommended that we all disable the EA after initial 6-8 positions are opened up, wait for TP targets to be reached, then patiently wait for new setup whether it be in the same direction or when trend reverses.

Like I mentioned in my previous post, even if we only catch two "waves" per year with all 8 positions each time, we will bank roughly 6,000 pips per pair. Do this to 5+ pairs and it is a great year!
  • #264
  • May 15, 2013 12:39pm May 15, 2013 12:39pm
100PipsADay thanks for sharing your system and your EA The EA must to be atached in a chart with H1 timeframe or D1?
  • #265
  • May 15, 2013 12:41pm May 15, 2013 12:41pm
thank you 100 pips best wishes for u and family
u put D20&50 ema EA in this thread plz put third screen strategy EA in third screen thread
regards
  • #266
  • May 15, 2013 12:56pm May 15, 2013 12:56pm
Quoting 100PipsADay
{quote} You make very valid points and no offense taken This EA will help us maximize profits when trend is strong but it is highly recommended that we all disable the EA after initial 6-8 positions are opened up, wait for TP targets to be reached, then patiently wait for new setup whether it be in the same direction or when trend reverses. Like I mentioned in my previous post, even if we only catch two "waves" per year with all 8 positions each time, we will bank roughly 6,000 pips per pair. Do this to 5+ pairs and it is a great year!
Thanks 100pips,

Points noted and understood. Definitely as your back and forward tests show that overall win rate is ~60-70%, we can still end on a positive note. Only requirement is trader self control and trust what we are doing. Again I believe you will agree that we must stick to defined targets and Stop loss levels. Appreciate reply on your experience.
  • #267
  • May 15, 2013 1:09pm May 15, 2013 1:09pm
Quoting Golum
100PipsADay thanks for sharing your system and your EA The EA must to be atached in a chart with H1 timeframe or D1?
You're welcome, it doesn't matter which time frame you have it attached to, it will automatically detect overall trend as well as entry points for you.
  • #268
  • May 15, 2013 1:09pm May 15, 2013 1:09pm
Quoting davidtrader
thank you 100 pips best wishes for u and family u put D20&50 ema EA in this thread plz put third screen strategy EA in third screen thread regards
I'm not sharing OR selling the Third Screen Strategy EA. Sorry...
  • #269
  • May 15, 2013 2:06pm May 15, 2013 2:06pm
good amount of work, and nicely done. thanks

we can conclude that this is absolutely not a fully automatic system (as these things vary):

take profit target level
entry interval
maximum of positions
(stoploss level too)

the EA may serve as a good entry robot, that is, still, a semi-auto EA.

Trading is not supposed to be fully automatic anyway.

Quoting Dewey McG
It took a while but I was able toprogram the EA for Zorro, a totally different format which allows formore complete testing.
Feel free to use or ignore this information as you see fit.
  • #270
  • May 15, 2013 2:37pm May 15, 2013 2:37pm
Quoting charvo
good amount of work, and nicely done. thanks we can conclude that this is absolutely not a fully automatic system (as these things vary): take profit target level entry interval maximum of positions (stoploss level too) the EA may serve as a good entry robot, that is, still, a semi-auto EA. Trading is not supposed to be fully automatic anyway. {quote}
Agreed!

I like how you said how this EA serves as a good entry robot so that we won't have to be glued to our computers waiting for H1 conditions on various pairs. As long as we keep an eye on the overall trend every few days one can be profitable and still have a life.
  • #271
  • May 15, 2013 3:02pm May 15, 2013 3:02pm
Hey all..

Did this happen to anyone else? EA took a buy when W% was already overbought. I even closed it once, and it opened again immediately.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpydaily.png Size: 50 KB
Click to Enlarge Name: gbpjpyh1.png Size: 55 KB
Always try just one more time...
  • #272
  • May 15, 2013 3:34pm May 15, 2013 3:34pm
Hi 100PIPS,

You are fantatic. You did everything on your own and gave it to us without expecting anything. Your efforts, knowledge and hardwork is appriciated. My good wishes are always there with you and your family. God Bless.

Bomi

Quoting 100PipsADay
{quote} Agreed! I like how you said how this EA serves as a good entry robot so that we won't have to be glued to our computers waiting for H1 conditions on various pairs. As long as we keep an eye on the overall trend every few days one can be profitable and still have a life.
  • #273
  • May 15, 2013 7:25pm May 15, 2013 7:25pm
Quoting 100PipsADay
D1 20 EMA & 50 EMA Trend Strategy I'm currently BETA testing a new system which uses the 20 EMA and the 50 EMA on the D1 chart. The EA can be found at the bottom of this post along with all of the other indicators that I use including the MACD, Moving Averages, and my personalized template. Currently testing this system on EUR/USD, EUR/JPY, CHF/JPY, USD/JPY, NZD/JPY, NZD/USD, AUD/JPY, AUD/USD, EUR/AUD, GBP/AUD, EUR/NZD, GBP/NZD, GBP/USD, GBP/JPY, EUR/CAD, USD/CAD, CAD/JPY, AUD/CAD, AUD/NZD, & EUR/GBP. D1 - 20 EMA & 50 EMA Trend Strategy Rules &...
Hi 100PIP,

I have loaded all files, except TPL file in expert advisors folder but somehow it is not working nothing comes up. Can you guide me or which one is EA file is there out of 5-files. Thanks for help.
  • #274
  • May 15, 2013 8:46pm May 15, 2013 8:46pm
Quoting 100PipsADay
{quote} Hope you are enjoying the Expert Advisor Erebus! If you ever have any questions feel free to post and I'll do my best to answer them, however, the system should be pretty self explanatory by now and with a little intervention every now and again we may have another profitable system to trade.
Loving the EA, and actually, first question, on the post with the recommended SL & TP pip settings, you have GBP-USD as 250 / 650

I expect that is a typo but can't figure if it should be 250 / 500 or more / less?

I figure it should be 200 / 400 anyway as ADR is only 100

I will have the ADR report ready for you soon

It takes a lot for me to IGNORE you, but you can try.
  • #275
  • May 15, 2013 8:48pm May 15, 2013 8:48pm
Quoting Bomi
{quote} Hi 100PIP, I have loaded all files, except TPL file in expert advisors folder but somehow it is not working nothing comes up. Can you guide me or which one is EA file is there out of 5-files. Thanks for help.
Try them all, best way to learn, especially if you can't be bother to read the manual or watch short video on Youtube ?

It takes a lot for me to IGNORE you, but you can try.
  • #276
  • May 15, 2013 9:08pm May 15, 2013 9:08pm
@ Bomi

Did you shutdown MT4 and restart?

Read this file, attached

Does your broker offer any education manual or videos?

You need all help you can get and this is not a thread for spoon feed every new trader stops here

Attached File(s)
File Type: pdf How to Install Indicators and EA.pdf   693 KB | 1,146 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #277
  • Edited 10:10pm May 15, 2013 9:57pm | Edited 10:10pm
Quoting Bomi
Hi 100PIPS, You are fantatic. You did everything on your own and gave it to us without expecting anything. Your efforts, knowledge and hardwork is appriciated. My good wishes are always there with you and your family. God Bless. Bomi {quote}
Thank you for the compliments but I need to clarify that I did not do everything on my own. I have a friend, member named khaled_ctg who programmed this strategy and created this EA for us to utilize. This wouldn't have been possible for any of us if it wasn't for him, if you're feeling grateful feel free to send him a quick Thank You through PM...

I feel that this Swing Strategy will be profitable if coupled with a little bit of basic PASR and also if it is used trading multiple pairs at the same time. Remember, too much leverage will kill any trader so let's all make sure that we don't over trade or over leverage ourselves.
  • #278
  • May 15, 2013 9:58pm May 15, 2013 9:58pm
Quoting Erebus
{quote} Loving the EA, and actually, first question, on the post with the recommended SL & TP pip settings, you have GBP-USD as 250 / 650 I expect that is a typo but can't figure if it should be 250 / 500 or more / less? I figure it should be 200 / 400 anyway as ADR is only 100 I will have the ADR report ready for you soon
Hi Erebus,

I'm going to use a 250 SL and 500 TP for GBP/USD, thanks for catching that!

The ADR is a good idea, however, I am going to stick with these particular parameters for the time being. I am curious though to see the numbers that you come up with using the ADR figures.

Thanks!
  • #279
  • May 15, 2013 10:08pm May 15, 2013 10:08pm
Quoting Bomi
{quote} Hi 100PIP, I have loaded all files, except TPL file in expert advisors folder but somehow it is not working nothing comes up. Can you guide me or which one is EA file is there out of 5-files. Thanks for help.
You don't need to worry about installing any of the files except for the "D1 20 EMA & 50 EMA" file. The other files are there in case you want to have the same chart template as me.

Installing EA Into MT4:

1. Download the file.
2. Shut down your MT4 terminal
3. Go to Expert folder
4. Copy the file into Expert folder.
5. Open MT4
6. Go to the Chart where you want to attach the EA
7. Click the Navigator
8. Browse Expert Advisors folder
9. You will find the file here
10. Double click the file to attach it with your Chart
11. Expert Advisor Property dialog box will appear.
12. Select "Long & Short" for positions
13. Tick (if not) Enable Alerts, Allow Live Trading, Allow Dll imports, Allow import of External Experts.
14. Enable Expert Advisors
15. Under the "Inputs" tab you will put in parameters including Lot Size, Take Profit, Stop Loss, Max Positions, and Delay Hours.

*Lot size is obviously going to be determined by risk tolerance, account size, max positions, and the amount of pairs being traded at any given time. We have recommended Stop Loss and Take Profit parameters as well as delay between each new position, but they really all depend on each trader's personal preference.

Hope this helps!
  • #280
  • May 15, 2013 10:11pm May 15, 2013 10:11pm
Quoting pirt666
Hey all.. Did this happen to anyone else? EA took a buy when W% was already overbought. I even closed it once, and it opened again immediately. {image} {image}
I've never had that happen before... Not sure what to say.

Please let me know if that happens again so that I can get it checked out, thanks for letting me know.
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