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Third Screen Strategy - Dr. Alexander Elder

  • #861
  • May 30, 2013 6:57pm May 30, 2013 6:57pm
Quoting 100PipsADay
{quote} Third Screen Strategy EA This particular EA is specifically designed around this strategy. D1 MACD & H1 Williams % ONLY. NO EMA's are used for this strategy... This EA requires a specific MACD indicator which we will all follow so that results are similar. Please find attachments below. Attachments: 1st Attachment: MACD3SS. This file is needed to operate the EA. Copy it to the "Indicator" folder and DO NOT change it's name! 2nd Attachment: This is the Third Screen Strategy EA. {file} {file}
Thanks for the EA (cheque is in the mail)

Don't know about anyone else, but I give it a whirl - DEMO - left default settings as shown

It seems to open position size according to percentage of account size ?

Something not right with it as is

Thanks, as always
Attached Image (click to enlarge)
Click to Enlarge Name: 0052.png Size: 50 KB
It takes a lot for me to IGNORE you, but you can try.
  • #862
  • Edited 7:58pm May 30, 2013 7:48pm | Edited 7:58pm
Quoting 100PipsADay
{quote} I'm also short AUD/JPY, CAD/JPY and NZD/JPY. Got a new CAD/JPY short position not too long ago. I personally don't wait for H1 candle to close as I would miss out on a LOT of opportunities but if you choose to do so that is up to you.

Hallo mr. Pip,

Do you take the first occurrence of the price entering the overbought or oversold zone on the hourly chart ?
And how does the EA do it ? Does the EA take the first occurrence ?

By the way : Thanks for the EA. My first plan is to set it up in demo. I then will use its outcome as an advisory service for the live trades. It is also easy, for when you have to go away a few hours . When you come back home, you can easily see what trades should have been done.
  • #863
  • May 30, 2013 9:57pm May 30, 2013 9:57pm
Quoting Erebus
{quote} Thanks for the EA (cheque is in the mail) Don't know about anyone else, but I give it a whirl - DEMO - left default settings as shown It seems to open position size according to percentage of account size ? Something not right with it as is Thanks, as always {image}
My apologies Erebus! I just changed the EA that I uploaded in the post as I posted the wrong one!!!!

Go ahead and download the file again when you get a chance.
  • #864
  • May 30, 2013 9:58pm May 30, 2013 9:58pm
Quoting rexio
{quote} Hallo mr. Pip, Do you take the first occurrence of the price entering the overbought or oversold zone on the hourly chart ? And how does the EA do it ? Does the EA take the first occurrence ? By the way : Thanks for the EA. My first plan is to set it up in demo. I then will use its outcome as an advisory service for the live trades. It is also easy, for when you have to go away a few hours . When you come back home, you can easily see what trades should have been done.
Position should be opened up once H1 touches over sold / over bought area on H1. EA will do the same thing as well.
  • #865
  • May 30, 2013 10:10pm May 30, 2013 10:10pm
So.... what's up with this. All the TE results seem to say

NEGATIVE

Yet everyone waits with baited breath for the next ..... wut ??
I don't get it


Someone PLEASE clue me in

K?
When the Joker is in the deck.. fear not and play it well
  • #866
  • May 30, 2013 11:02pm May 30, 2013 11:02pm
Quoting 100PipsADay
{quote} 2nd Attachment: This is the Third Screen Strategy EA. {file} {file}
I thought that I read you were not going to release an EA for this strategy. Thanks for doing so. Very generous of you. I have been working through the charts manually since I began reading the thread. I like to trade pullbacks and re-entries to the major trend. You have given specific advice and instruction in this thread on how to do so. Although the concept of trading the pullbacks is easy to see in hindsight, never have I seen such a specific way of identifying the opportunity in real time. Thanks again for sharing your knowledge, expertise, and your EA.

I am curious, were you able to program the "third screen" of following the price to reversal back into the trend, as described in the first few posts?

T
  • #867
  • May 30, 2013 11:07pm May 30, 2013 11:07pm
Quoting Slim Buffett
So.... what's up with this. All the TE results seem to say NEGATIVE Yet everyone waits with baited breath for the next ..... wut ?? I don't get it Someone PLEASE clue me in K?
Slim,

Please explain what you mean by this post. I really didn't understand a single word you said...
  • #868
  • May 30, 2013 11:13pm May 30, 2013 11:13pm
Quoting 100PipsADay
{quote} My apologies Erebus! I just changed the EA that I uploaded in the post as I posted the wrong one!!!! Go ahead and download the file again when you get a chance.
OK, got it, BUT now it is opening BUY trades on AUD-CAD + AUD-NZD

Pretty sure the I'm reading it right, price is below the EMA and MACD is under the center line

The other 3 trades are fine according to the logic, and just now opened a BUY on the EUR-USD, also right direction

What can be the problem?

I will close them and watch the price action, might just be sensitive to the reading when first start up EA ?

NO, no good, it just re-opened the AUD-NZD BUY as well as a new AUD-USD BUY ??

Seems it is only reading the W%R and take no notice of the MACD

By the way, the new MACD SSS you posted, does it come in the pretty colors or only the plain version?

Thanks, E.
Attached Image (click to enlarge)
Click to Enlarge Name: 0055.png Size: 114 KB
It takes a lot for me to IGNORE you, but you can try.
  • #869
  • Edited 11:41pm May 30, 2013 11:20pm | Edited 11:41pm
I think I have encountered the same error as Erebus. I just put the latest EA on a few charts to get started and it opened buy trades on EURUSD and AUDUSD while the MACD3SS is still below the zero line. I use the MTF Williams % Range on my daily chart to make it easy to see the value. it is not in the oversold position yet either. Attached is a screen shot of the AUDUSD.

PS: The EMA's are on the chart for my reference only. I know that they are not part of this method.


Rexio: you may have a good point in your explanation. attached is the same screenshot, but with the MACD Adjustable added to the chart. significant difference.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Third Screen D1 MACD EA erroneous trade.JPG Size: 153 KB
Click to Enlarge Name: Third Screen D1 MACD EA AUDUSD II.JPG Size: 163 KB
  • #870
  • May 30, 2013 11:26pm May 30, 2013 11:26pm
Calling Khaled !!!

Here is the AUD-USD Daily chart - why is it insisting on BUYING !!!!

Seems like just Aussie crosses for now, maybe it is reading the news?

Or a crystal ball somewhere?

Attached Image (click to enlarge)
Click to Enlarge Name: 0056.png Size: 129 KB
It takes a lot for me to IGNORE you, but you can try.
  • #871
  • May 30, 2013 11:30pm May 30, 2013 11:30pm
Quoting Tpc23
I think I have encountered the same error as Erebus. I just put the latest EA on a few charts to get started and it opened buy trades on EURUSD and AUDUSD while the MACD3SS is still below the zero line. I use the MTF Williams % Range on my daily chart to make it easy to see the value. it is not in the oversold position yet either. Attached is a screen shot of the AUDUSD. PS: The EMA's are on the chart for my reference only. I know that they are not part of this method. {image}
AUDUSD : I don't have your story on my screen. I have macd_adjustable just slightly into positive area. Also, but that is recently, a touch of the oversold on the hourly. So, in my opinion, this buy could be valid.

EURUSD : strong positive macd, touch in hourly of oversold. Price touches it and retreats. But because of the touch, the EA buys. However, you cannot see this anymore in the chart.
  • #872
  • Edited May 31, 2013 11:27am May 30, 2013 11:34pm | Edited May 31, 2013 11:27am
Hi guys,

I am fed up with it.

I mean, entering these StopLoss and TakeProfit numbers all the time drives me mad.
And once I have calculated them, it appears it should be the other way around and I can start all over again.

OK! Those times are over. I developed a SCRIPT for easy entering SL and TP into an existing order.

When you run the script, you enter only :

a) The ticketnumber of the order whose SL and TP you wish to modify.
b) Setnumber 1 or 2.

And you are done !

This is especially for the Thirdscreen Strategy fans :
Set 1 : SL = 160 and TP = 280 Yen crosses
Set 2 : SL = 260 and TP = 320 Other crosses

Of course, you can alter those sets to your own liking and insert your own numbers if you wish.

Put this file in the scriptfolder.
Attached File(s)
File Type: mq4 Script_SLTP.mq4   3 KB | 342 downloads
  • #873
  • May 30, 2013 11:36pm May 30, 2013 11:36pm
Well, there you go, rexio has found it, it must be taking signals from MACD Adjustable and NOT the recently posted MACD SSS

100_pips has some explaining to do

Attached Image (click to enlarge)
Click to Enlarge Name: 0057.png Size: 189 KB
It takes a lot for me to IGNORE you, but you can try.
  • #874
  • May 30, 2013 11:48pm May 30, 2013 11:48pm
Quoting Erebus
Well, there you go, rexio has found it, it must be taking signals from MACD Adjustable and NOT the recently posted MACD SSS 100_pips has some explaining to do {image}
Hello Everybody,
It seems here you are facing some technical problem about the EA. Let me try to help you.

1. The modified MACD has new name MACD3SS. Please don't rename the file. (MACDSSS is wrong)
2. No need to load the MACD3SS file on the chart. Just place it /expert/indicators folder.
3. You should use MACD_adjustable on your chart (if you wish to see MACD on your chart) as per this Third Screen Strategy rules.
4. Don't worry the EA works as per the direction of MACD_adjustable.

Hope this can remove all of your confusions.

Further if there is any technical problem (might be, as it just developed) , sure I will be here.

Happy Trading.

Regards,
Khaled
KISS - Keep It Simple Smart !!!!
  • #875
  • May 31, 2013 12:09am May 31, 2013 12:09am
Quoting Erebus
{quote} OK, got it, BUT now it is opening BUY trades on AUD-CAD + AUD-NZD Pretty sure the I'm reading it right, price is below the EMA and MACD is under the center line The other 3 trades are fine according to the logic, and just now opened a BUY on the EUR-USD, also right direction What can be the problem? I will close them and watch the price action, might just be sensitive to the reading when first start up EA ? NO, no good, it just re-opened the AUD-NZD BUY as well as a new AUD-USD BUY ?? Seems it is only reading the W%R and take no notice of...

I just checked my charts and I do see AUD/USD, AUD/NZD, and AUD/CAD all BUYS according to D1 MACD. The buy positions are correct.

I loaded my EA yesterday and AUD/USD was still in down trend on D1 MACD which is why I have a few sell positions... Even one day can make a difference in regards to buy/sell positions.
  • #876
  • May 31, 2013 12:11am May 31, 2013 12:11am
Quoting rexio
Hi guys, I am fed up with it. I mean, entering these StopLoss and TakeProfit numbers all the time drives me mad. And once I have calculated them, it appears it should be the other way around and I can start all over again. OK! Those times are over. I developed a SCRIPT for easy entering SL and TP into an existing order. You enter only : a) The ticketnumber of the order whose SL and TP you wish to modify. b) Setnumber 1 or 2. And you are done ! This is especially for the Thirdscreen Strategy fans : Set 1 : SL = 160 and TP = 280 Yen crosses Set 2...
You can also just save your EA settings as a preset template and load it up for each pair... There wasn't really a need to develop or program anything but if you want to spend your time doing that it's fine with me.
  • #877
  • May 31, 2013 12:12am May 31, 2013 12:12am
Mine seems to be working perfectly fine.
  • #878
  • May 31, 2013 12:15am May 31, 2013 12:15am
Quoting Erebus
Calling Khaled !!! Here is the AUD-USD Daily chart - why is it insisting on BUYING !!!! Seems like just Aussie crosses for now, maybe it is reading the news? Or a crystal ball somewhere? {image}
Take a look at my charts below...

Keep the MACD adjustable file that I have loaded into the 100PipsADay template. This is what we use to trade off of.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD.png Size: 116 KB
Click to Enlarge Name: AUDCAD.png Size: 114 KB
  • #879
  • May 31, 2013 12:19am May 31, 2013 12:19am
Quoting Erebus
Well, there you go, rexio has found it, it must be taking signals from MACD Adjustable and NOT the recently posted MACD SSS 100_pips has some explaining to do {image}
I guess I wasn't clear in the original post with the EA: http://www.forexfactory.com/showthre...00#post6719400

1st Attachment: MACD3SS. This file is needed to operate the EA. Copy it to the "Indicator" folder and DO NOT change it's name!

DO NOT load the new MACD3SS to your MT4 template. Keep the same 100PipsADay template with MACD adjustable.

Refer to Khaled's most recent post if anything is unclear: http://www.forexfactory.com/showthre...38#post6720138
  • #880
  • May 31, 2013 12:30am May 31, 2013 12:30am
Hi 100Pips
Thank you very much for showing us the way you trade.
When trading manually following the rules and during the course of time when both D1 MACD & H1 Williams % show the opposite signal, do you get out of the original trade whether in profit or loss, or do you let it run until it hits either the original SL or TP?
ITB - Seeing Orderliness amongst 'Randomness'
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