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D1 - 20 EMA & 50 EMA

  • #281
  • May 15, 2013 8:13pm May 15, 2013 8:13pm
Quoting Softrader
I have done the first test using the "20ema50ema" EA. So i have noticed the EA opening at the same time long and short position, when the trend change. But in the first page with rules of this strategie, i saw, we can't have long and short trades at the same time. Does it mean that when it start a new trend, we have to close manually the previous opened positions? Thank you in advance for answers.
It is up to you to close trades manually or to wait for SL targets to get hit. But I never like to have buy and sell positions for the same pair open ever, just not my style...
  • #282
  • May 15, 2013 8:14pm May 15, 2013 8:14pm
Quoting rtn
For anyone interested, I have also set up 100Pips EA here for test; http://www.myfxbook.com/members/rtn0...-screen/571041 Ignore the first few trades.
I'm going to add you to MyFxBook watchlist... Good luck!
  • #283
  • May 15, 2013 8:35pm May 15, 2013 8:35pm
Hi 100,

can you please share how do you calculate your open position size?

Thank you
Failure leads to Success if one learns from mistakes and never give up
  • #284
  • Edited 11:05pm May 15, 2013 8:45pm | Edited 11:05pm
Quoting 100PipsADay
{quote} 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!
No problem, and here it is

There are 2 tables, your settings and mine

I highlighted where I am changing the setting due to the ADR readings

Hope it helps
Attached File(s)
File Type: pdf 100 pips a day EA settings.pdf   133 KB | 1,126 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #285
  • May 15, 2013 8:48pm May 15, 2013 8:48pm
Quoting jinchu
Hi 100, can you please share how do you calculate your open position size? Thank you
I normally like to keep leverage under 20:1.

Money Management is a whole different topic and I would prefer not to get into it as everybody's risk tolerance and financial goals vary.
  • #286
  • May 15, 2013 8:56pm May 15, 2013 8:56pm
Quoting Erebus
{quote} No problem, and here it is There are 2 tables, your settings and mine I highlighted where I am changing the setting due to the ADR readings Hope it helps {image}
Hi Erebus, 100 pips

thank you for your work and your comments.
If you allow me, I think there's a small written mistake on your first table, AUD/JPY ( ADR 22 instead of 122).

aly 365
  • #287
  • May 15, 2013 9:08pm May 15, 2013 9:08pm
Quoting Erebus
{quote} No problem, and here it is There are 2 tables, your settings and mine I highlighted where I am changing the setting due to the ADR readings Hope it helps {image}
Thanks for sharing! Parameters are VERY close
  • #288
  • May 15, 2013 9:22pm May 15, 2013 9:22pm
Since the only problem I have heard any one mention so far is that this may not catch the trend change, might it be better to have a small TP like 50. Because the way it seems to be working it would just get right back in to the trade if the trend still holds. But if the trend is changing it was keep you from making such big loss's if you are not at your computer to catch it.
Gary
  • #289
  • May 15, 2013 11:06pm May 15, 2013 11:06pm
Quoting aly365
{quote} Hi Erebus, 100 pips thank you for your work and your comments. If you allow me, I think there's a small written mistake on your first table, AUD/JPY ( ADR 22 instead of 122). aly 365
Thanks, nice catch, did that while trying to get columns lined up. I usually do this stuff in Excel, easier to work with than Word, for me anyways

I have replaced the file in previous post if you want to re-download.

Regards, E.

It takes a lot for me to IGNORE you, but you can try.
  • #290
  • May 15, 2013 11:08pm May 15, 2013 11:08pm
Quoting alpine4133
Since the only problem I have heard any one mention so far is that this may not catch the trend change, might it be better to have a small TP like 50. Because the way it seems to be working it would just get right back in to the trade if the trend still holds. But if the trend is changing it was keep you from making such big loss's if you are not at your computer to catch it.
If we had a 50 pip profit target then we would need to have no more than a 50 pip stop loss target, or something even more like 25 pip SL to keep the same risk/reward ratio. However, due to the fact that we are trading off of the Daily charts and are swing trading we need to anticipate larger swings along the way and we would probably get knocked out of our trades with a 25 pip SL 9 out of 10 times.

Those statistics are not entirely correct but the point remains that we need to have larger SL's and TP's when trading from the D1 chart but can also be more flexible with our entries and don't need to spend as much time in front of our computer screen waiting for good trade setups.

Remember, this is not a scalping or day trading strategy, I am a Swing Trader and am always looking to profit thousands of pips off of trends on the Daily chart. This style may not fit everybody and may go against your core values as a trader. Make sure this style of trading fits your personality and preferences.
  • #291
  • May 15, 2013 11:19pm May 15, 2013 11:19pm
Quoting Erebus
{quote} No problem, and here it is There are 2 tables, your settings and mine I highlighted where I am changing the setting due to the ADR readings Hope it helps {image}
Hi Erebus Please put chart in with ADR , want to see , I am now in with 100pipsaday , Only start it yesterday ,and i click with it , I just put in Position Size Calculator Thanks 100pips
  • #292
  • May 16, 2013 1:18am May 16, 2013 1:18am
Quoting 100PipsADay
{quote} It is up to you to close trades manually or to wait for SL targets to get hit. But I never like to have buy and sell positions for the same pair open ever, just not my style...
Good morning 100Pips and good morning everybody, the EA has collected 1100 pips from yesterday! Maybe, friend 100pips, you have to change your nick, 100PipsAday, with 1000pipsAday? I know that it will not be always so positive, anyway i'm so glad to know that system, not just because it is really extraordinary, but also because he is giving me a wonderful setup to trade manually, using the daily EMA's on the 1h timeframe, (EMA1200 and EMA 480), and bollinger bands,W%, some lower MA, and go on! Thank you again 100Pips!
Attached Image (click to enlarge)
Click to Enlarge Name: new account android.PNG Size: 92 KB
  • #293
  • May 16, 2013 2:20am May 16, 2013 2:20am
Quoting Erebus
{quote} No problem, and here it is There are 2 tables, your settings and mine I highlighted where I am changing the setting due to the ADR readings Hope it helps {image}
Hi Erebus,
The D1 20EMA & 50EMA EA don't have the setting for ADR as you pdf EA settings.
Can i know where you input your ADR setting ?
  • #294
  • May 16, 2013 2:27am May 16, 2013 2:27am
Quoting Dewey McG
Here is an updated EA, this time allowing the user to test different variables so you can back test and optimize to find the best set files for each pair. As mentioned before, I am new at coding so do not even think about trading this on a live account as there could be bugs. Explanation of settings: StopLoss and TakeProfit -- Actually we aren't using these as I switched to a multiplier of ATR. These were 100pips default values so if you want this just use the ATR display to calculate the settings. I think if we base this on the volatility of each...
Hi Dewey,
Can i know more about ATRTP and ATRSL:-
You say:
ATRSL and ATRTP -- The most successful pair so far is the EURJPY. I took the default settings (TP 350 and SL 250) and calculated this out to be approximately 9*ATR(30) for TP and 6.5*ATR(30) for SL. If you leave it like this it will have different targets for each pair and even the same pair as volatility changes.

Mind to explain the (30) is it M30 timeframe? I not very sure how is the ATRSL and ATRTP is act on the EA. Hope you can help me on this. Thanks
  • #295
  • May 16, 2013 2:30am May 16, 2013 2:30am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpymdaily 16th.png Size: 61 KB


Hi 100 PIPS ,I m ur new member from last night , Need to know why ur chart and my chart are not the same , Very top on right , Urs say third screen E A and mine say D1 20EMA & 50 EMA , Does it makes no difference .
  • #296
  • May 16, 2013 2:54am May 16, 2013 2:54am
Quoting 2013
{quote} Hi Erebus, The D1 20EMA & 50EMA EA don't have the setting for ADR as you pdf EA settings. Can i know where you input your ADR setting ?
First off, let us establish that you are using the SAME EA as 100pipsaday and myself, is this the screen you see?

If not, you must be using the Extra Lots EA perhaps?

Hope that helps

Attached Image(s) (click to enlarge)
Click to Enlarge Name: ADR_what.png Size: 133 KB
Click to Enlarge Name: ADR_what_2.png Size: 22 KB
It takes a lot for me to IGNORE you, but you can try.
  • #297
  • May 16, 2013 3:01am May 16, 2013 3:01am
EREbUS Mine is same as urs but don't have V.3.2 ?
  • #298
  • May 16, 2013 3:12am May 16, 2013 3:12am
I have a question if you don't mind regarding when the D1 trend changes.

On Aud/Usd D1 price is below both the 20 and 50 EMA's so we go to the H1 chart and the EA takes a sell when Williams % indicator goes into O/B.
It adds positions if the above conditions are met and depending on the DelayHours parameter.

If the price on Aud/Usd D1 then goes above the 20 and 50 EMA's and the EA opens a long position what do you do?

I ask because I saw you wrote "I have a hard SL and TP for each position. I will not move SL or TP targets EVER."

"4) NO opposing positions should be opened no matter what (no hedging same currency pair with buy and sell positions)"

After a D1 trend change I assumed the sells should be closed manually whether they are in profit or losing.
  • #299
  • May 16, 2013 3:27am May 16, 2013 3:27am
Quoting Erebus
{quote} First off, let us establish that you are using the SAME EA as 100pipsaday and myself, is this the screen you see? If not, you must be using the Extra Lots EA perhaps? Hope that helps {image} {image}
Hi there, yes same but don't have V.3.2 at screen
  • #300
  • May 16, 2013 4:00am May 16, 2013 4:00am
I have updated link to EA test of 100Pips EA from first post.

This one will update more frequently.

http://www.myfxbook.com/members/rtn0...-screen/573560
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