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D1 - 20 EMA & 50 EMA

  • #381
  • May 17, 2013 4:56pm May 17, 2013 4:56pm
Quoting 100PipsADay
{quote} I have disabled the EA on quite a few pairs. However, I left it going for all of the JPY pairs as we are still trending. Fundamentally there is no reason that JPY will strengthen in the coming months. *I'll post up my projections when we have hit the "bottom" or at least hopefully somewhere close... It's definitely dangerous trying to pick tops/bottoms but I don't mind disabling the EA and waiting patiently for a clear trend reversal.
Yes, please point out any PASR tidbits as you are able, since I do think that will be an important aspect of this system going forward. Just from many of the comments I have seen about the system, I am afraid there are going to be quite a few bubbles burst when some of these trends do a 180 and some of the pips are given back. People really need to temper their expectations here a bit. 20k pips in three weeks is far from the norm. The key will be in identifying these turning points if we can. If we can be out of the market when the worst of the noise is occurring, we'll be in fine shape.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #382
  • May 17, 2013 5:17pm May 17, 2013 5:17pm
One more thing before the weekend. You can also look into trading this setup using 1H and 15M charts (or even other time frames) for scalping opportunities if you want to trade higher pip values. If the 1H chart is in a up-trend, watch for the 15M chart to reach the lower W%R indicator line and see if you can catch some pips. Looks pretty good.
  • #383
  • May 17, 2013 6:19pm May 17, 2013 6:19pm
WARNING
Remember that this system is in BETA testing,we dont know how the EA will behave when the market will change
Please follow the advice of 100pipsaday in the first post and trade this system only in demo
  • #384
  • May 17, 2013 8:11pm May 17, 2013 8:11pm
Quoting jicssbr
Erebus, do you let the EA run on about 20 pairs? Do you do any manual intervention? Thank you.
Yes, 21 as per my settings sheet; have to look at this like portfolio investing, have to give the pairs time to moove!

No intervention yet, but if NZD-JPY and EUR-CAD don't improve next week, I may have to.

And if they hit the targets, the new motto around here will be -

Always let your losers turn into winners

Attached File(s)
File Type: pdf 100 pips a day EA settings.pdf   129 KB | 2,118 downloads
It takes a lot for me to IGNORE you, but you can try.
  • #385
  • May 17, 2013 8:22pm May 17, 2013 8:22pm
Quoting jicssbr
One more thing before the weekend. You can also look into trading this setup using 1H and 15M charts (or even other time frames) for scalping opportunities if you want to trade higher pip values. If the 1H chart is in a up-trend, watch for the 15M chart to reach the lower W%R indicator line and see if you can catch some pips. Looks pretty good.
Sure enough. I am working on another EA right now that trades on the 4H and gets the W%R signals on the 1H. TP and SL are ATR driven, and lot size is based on risk % specified per trade. Started running it this afternoon and still working out some bugs, but interested to see how it fares as well.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #386
  • May 17, 2013 11:40pm May 17, 2013 11:40pm
Quoting jicssbr
Wow, that's nice SunnyM. How do you set this up in Forex Factory?
create a trade explorer.
Watch me trade Live on YouTube
  • #387
  • May 18, 2013 9:41am May 18, 2013 9:41am
Hi 100pips

Really enjoying the threads. Here s my first attempt on this technique just on backtesting - will start forward testing asap.

Summary of recent EU positions - Weekly move is down with a day cross below 20/50EMA - take short positions as the williams indicator hits Overbought region.

all comments welcome
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 100pips tri screen.gif Size: 96 KB
Click to Enlarge Name: 100pip hour eu.png Size: 64 KB
"To live with Passion, it takes Courage and Grace to survive"
  • #388
  • May 18, 2013 1:15pm May 18, 2013 1:15pm
I have attached a Multi Time Frame Williams Percent so that you don't have to change Time Frames to see the OB OS conditions on an H1 chart when you are on the D1 chart.

Attached File(s)
File Type: mq4 #MTF_Williamsr_%.mq4   4 KB | 1,853 downloads
  • #389
  • May 18, 2013 1:28pm May 18, 2013 1:28pm
Quoting Britpip7
Hi 100pips Really enjoying the threads. Here s my first attempt on this technique just on backtesting - will start forward testing asap. Summary of recent EU positions - Weekly move is down with a day cross below 20/50EMA - take short positions as the williams indicator hits Overbought region. all comments welcome {image} {image}
Sounds good, that's what I'll be looking for as well
  • #390
  • May 18, 2013 1:29pm May 18, 2013 1:29pm
Quoting droland
I have attached a Multi Time Frame Williams Percent so that you don't have to change Time Frames to see the OB OS conditions on an H1 chart when you are on the D1 chart. {file}
Droland,
this is what i was looking for.
Thanks a lot for posting the Indi.
Tebis
  • #391
  • May 18, 2013 5:03pm May 18, 2013 5:03pm
Hi 100Pips

I'm going to try out your EA on a demo account this week and was in the middle of setting it up last night and realised my demo account broker's currency pairs are suffixed with a "G" eg. EURUSD.G. To your knowledge knowing that were not the code-writer, is this going to affect the operation of the EA?

Best regards

Graham
  • #392
  • May 19, 2013 12:21am May 19, 2013 12:21am
Quoting droland
I have attached a Multi Time Frame Williams Percent so that you don't have to change Time Frames to see the OB OS conditions on an H1 chart when you are on the D1 chart. {file}
Not sure how to implement the indicator...
  • #393
  • May 19, 2013 2:16am May 19, 2013 2:16am
Quoting droland
I have attached a Multi Time Frame Williams Percent so that you don't have to change Time Frames to see the OB OS conditions on an H1 chart when you are on the D1 chart. {file}


ThanK U for the Indi , was looking for that
  • #394
  • Edited 2:34am May 19, 2013 2:17am | Edited 2:34am
Quoting Bobcat2
{quote} Not sure how to implement the indicator...
Not sure what you are missing.

Double click the indicator or drag it onto your chart (any time frame).

The default TimeFrame setting of 0 "zero" will allow the indicator to default to whatever your chart timeframe is (just like the MT4 supplied indicator).

However, this indicator will do the following: if your chart is Daily (D1) and you want to see the hourly Williams then put 60 into the TimeFrame box (extern field) of the indicator input window. You now see the hourly Williams Percent on the Daily Chart.
  • #395
  • May 19, 2013 2:57am May 19, 2013 2:57am
This thread made me aware of the Third screen strategy which I had not read before, so far I am on page 15 of that thread and see entries are taken on H1 Williams OB/OS when the D1 MACD crosses.

I think you mentioned that the Third screen strategy is bringing in 10% a month for you and just wondered what made you think of trying out the EMA's on D1 to determine trend? I know it is early days yet but do you think this has more potential?

Using D1 MACD gives earlier entries than the price being above/below the 20 and 50 EMA's.
This is great for catching the trend early but will also change direction more often.

I suppose it is swings and roundabouts and depends what the pairs traded are doing at time, trending MACD, ranging and EMA's keep us out.
  • #396
  • May 19, 2013 3:11am May 19, 2013 3:11am
Quoting Hammondnz
Hi 100Pips I'm going to try out your EA on a demo account this week and was in the middle of setting it up last night and realised my demo account broker's currency pairs are suffixed with a "G" eg. EURUSD.G. To your knowledge knowing that were not the code-writer, is this going to affect the operation of the EA? Best regards Graham
Global Prime, apparently NO problem

Attached Image (click to enlarge)
Click to Enlarge Name: 0029.png Size: 260 KB
It takes a lot for me to IGNORE you, but you can try.
  • #397
  • May 19, 2013 3:27am May 19, 2013 3:27am
Quoting Dewey McG
{quote} Ok--here they are. With these, the parameter Risk is for setting how many lots you want to use. So if you want .2 just change the setting to .2. The first one uses ATR to determine SL & TP. B uses a fixed SL and TP. As always--don't use on a live account yet and let me know if you encounter any bugs {file} {file}
Screenshot is of Dewey EA - D1H1 Extra Fixed Lots

It is NOT 100_pips_a_day EA

Only 1 trade out at target, shown, all the rest on the trailing stop, still pretty good

Attached Image (click to enlarge)
Click to Enlarge Name: 0030.png Size: 114 KB
It takes a lot for me to IGNORE you, but you can try.
  • #398
  • May 19, 2013 3:33am May 19, 2013 3:33am
Quoting Erebus
{quote} Global Prime, apparently NO problem {image}
Hi Erebus

Thanks for your reply. Appears you 100% correct.
Hopefully I will be able to report good things at the end of the week!!

Best regards

Graham
  • #399
  • May 19, 2013 10:05am May 19, 2013 10:05am
Quoting Hammondnz
Hi 100Pips I'm going to try out your EA on a demo account this week and was in the middle of setting it up last night and realised my demo account broker's currency pairs are suffixed with a "G" eg. EURUSD.G. To your knowledge knowing that were not the code-writer, is this going to affect the operation of the EA? Best regards Graham
I have no idea... Never saw that before.
  • #400
  • May 19, 2013 10:19am May 19, 2013 10:19am
Quoting normtold
This thread made me aware of the Third screen strategy which I had not read before, so far I am on page 15 of that thread and see entries are taken on H1 Williams OB/OS when the D1 MACD crosses. I think you mentioned that the Third screen strategy is bringing in 10% a month for you and just wondered what made you think of trying out the EMA's on D1 to determine trend? I know it is early days yet but do you think this has more potential? Using D1 MACD gives earlier entries than the price being above/below the 20 and 50 EMA's. This is great for...
I will confirm that I'm doing great trading my live accounts using a part of the Third Screen Strategy and have been profitable for months. You're right, we are still early in the forward testing in regards to this particular system and honestly I don't think this is quite as profitable as the other system. However, if the other system (third screen strategy) was used in confluence with these two particular EMAs I might have a bullet proof system. With that being said, I will keep forward testing this system with as little intervention as possible.

The 20 EMA and 50 EMA are very powerful moving averages and I have been using them for personal reasons during the past few years. Please refer to this particular post in regards to the 20 EMA and 50 EMA: http://www.forexfactory.com/showthre...30#post6646830
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