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D1 - 20 EMA & 50 EMA

  • #781
  • Jun 3, 2013 7:29am Jun 3, 2013 7:29am
Quoting pirt666
Market is kicking me in the face today. I hope it'll get better the rest of the week.
Are you using the EA? Or Manual trading? Please provide more details about how you are trading this strategy.
  • #782
  • Jun 3, 2013 7:32am Jun 3, 2013 7:32am
Quoting claudia1
I suspect some of you guys expect to make money on this every day. You will not. If you follow 100pips you should have big wide stops and should be able to stand a few days in the red. This isn't one to sit in front of the screen you gotta let it do its job .Check every few hours for sure. I now got 15 position open and down maybe 150 pips over all - it's nothing compared with what took last week. Only my opinion.
Good wake-up call for some folks, especially those who are over-leveraged.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #783
  • Jun 3, 2013 7:33am Jun 3, 2013 7:33am
By the way I like Spyderman´s idea of closing positions when PA closes at the other side of 20 EMA. I´m testing it right now....

Thank you
  • #784
  • Jun 3, 2013 7:38am Jun 3, 2013 7:38am
Quoting Walad100100
{quote} Are you using the EA? Or Manual trading? Please provide more details about how you are trading this strategy.

I'm doing a little bit of both, buddy. If you have followed the thread and the EA-development you know that it ignores signals sometimes. I pick these up manually if they have potential. And sometimes if I feel that the end of a trend is imminent I'll deactivate the EA. Last week was a blast I was up 20% on my account at times, but this week starts out bad. We'll see. As many posters keep reminding us, this is a long-term method, and I confirm that.

Take care.
Always try just one more time...
  • #785
  • Jun 3, 2013 7:40am Jun 3, 2013 7:40am
Quoting Caillou
By the way I like Spyderman´s idea of closing positions when PA closes at the other side of 20 EMA. I´m testing it right now.... Thank you

We are supposed to do that. It was discussed in page 02-03 if I remember correctly.
Always try just one more time...
  • #786
  • Jun 3, 2013 7:41am Jun 3, 2013 7:41am
Quoting Walad100100
{quote} Are you using the EA? Or Manual trading? Please provide more details about how you are trading this strategy.

Welcome to the thread, and sorry to say but you'll have to read from post 1, once you read this post of mine. You'll find answers to your questions in quote above.

And just to point out a nice fact as I was reading a few previous comments before you wrote your's: if you are not willing to put in the reading time, I think you surely won't be able to learn and survive this system, as it needs lot of patience and learning. It won't be quick gain and one answer money making, sorry my friend.

All the best.
  • #787
  • Jun 3, 2013 7:46am Jun 3, 2013 7:46am
Quoting pirt666
{quote} We are supposed to do that. It was discussed in page 02-03 if I remember correctly.
This exit idea was posted by Spyderman a few posts ago, he was doing that with his "PI" system if I remember correctly.......
  • #788
  • Jun 3, 2013 7:47am Jun 3, 2013 7:47am
Quoting Caillou
{quote} This exit idea was posted by Spyderman a few posts ago, he was doing that with his "PI" system if I remember correctly.......

  • #789
  • Jun 3, 2013 7:54am Jun 3, 2013 7:54am
Quoting Caillou
{quote} This exit idea was posted by Spyderman a few posts ago, he was doing that with his "PI" system if I remember correctly.......

Yes he did, I followed the PI thread as well. I was trading it live for a time. But I invite you to read page 16 of this thread posts 310-319. This exit is already an option in this method, confirmed by 100pips.
Quote
Let's say you have 4 SELL positions opened up for EUR/GBP and then price moves in between both the EMA's no more positions would be opened up. If price moves above both EMAs then no more sell positions would be opened up. However, due to the fact that this EA does not allow hedging of the same pair no BUY positions would be opened up either until ALL sell positions are closed either manually or by reaching their SL targets.
Always try just one more time...
  • #790
  • Jun 3, 2013 8:00am Jun 3, 2013 8:00am
Quoting pirt666
{quote} Yes he did, I followed the PI thread as well. I was trading it live for a time. But I invite you to read page 16 of this thread posts 310-319. This exit is already an option in this method, confirmed by 100pips. {quote}
I have re-read these posts but not a word about trailing at 20 EMA......but don´t worry, don´t waste your time with that.

Thank you.
  • #791
  • Jun 3, 2013 8:05am Jun 3, 2013 8:05am
Quoting Caillou
{quote} I have re-read these posts but not a word about trailing at 20 EMA......but don´t worry, don´t waste your time with that. Thank you.

Oh, I get it. My mistake. I misunderstood. I thought he meant to close trades when the price crossed both MA's. My bad, sorry about that.
Always try just one more time...
  • #792
  • Jun 3, 2013 8:06am Jun 3, 2013 8:06am
Quoting Caillou
{quote} I have re-read these posts but not a word about trailing at 20 EMA......but don´t worry, don´t waste your time with that. Thank you.
He did say an option was to manually close positions when an opposite signal was received (Post #308). However, that is a modification to the original method. Of course it may be worth testing, but my initial thought on that is that you will get whipsawed around a lot and take too many losses. But it's good that different people are testing different strategies. In the end we will all benefit.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #793
  • Jun 3, 2013 8:06am Jun 3, 2013 8:06am
Instead of waiting for the SL
Always try just one more time...
  • #794
  • Jun 3, 2013 8:10am Jun 3, 2013 8:10am
Quoting pirt666
Instead of waiting for the SL
Right on.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #795
  • Edited 1:06pm Jun 3, 2013 9:24am | Edited 1:06pm
Hi Guys/Gals,


First I want to say I'm very thankful to 100pips and Khaled for the generosity. I'm very excited about these strategies and think they have long-term viability for us. I want to thank all the other contributors on this thread as well. I would like to give back to this thread by making my EA available. I won’t post it here on the thread because I don’t want to muddle the thread with EA discussion or EA debugging issues. My EA is available, for free, you just need to PM me with you email address and I will send it to you. All issues regarding the EA in regards to bugs will be handled through email for PM. I have not done it yet, but I will create a word document for the EA documentation, describing the external parameters. I will send this document along with the EA.

TCO 3rdScreen Multi Strategy EA – Features.

The EA will let you select 1 of 3 different trend methods for entering trades.

High TF Trend Modes - can be set to whatever Higher TF you desire, at the moment I would only select one Higher TF trend method and turn the other two off.

  1. Ichimoku - Tenkan Sen/Kijun Sen cross, with a Kijun Sen trailing stop feature.
  2. 20/50 EMA Cross – this threads basic strategy, however it enters on close of the lower TF bars
  3. Adjustable MACD Trend above/below zero – based on 3rdScreen MACD strategy

Smaller TF Trade Entry - can be set to whatever TF you desire

Williams % entry - also can set true/false for confirmation, which means for a buy trade, the Williams % would go under -80 level and then have to go above -80 level for a buy trade to be placed. If this is toggled off, the buy trade would be triggered as soon as it goes below the -80 level. For a sell trade, if the confirmation is set to true, the Williams % would go above -20 level and then below -20 level for the sell trade to be triggered. If the confirmation is set to false, it just has to be above the -20 level to trigger the sell trade


EA Features

  1. Close All Open Trades On Opposite Signal - can be turned on or off
  2. Time Delay can be set - Small TF bars delay between trades (thanks to Scott (thehenryfam)) for this logic.
  3. MaxOrdersPerPair - limit your risk by setting max allowed trades that can be opened per pair.
  4. Standard TP and SL
  5. Trailing SL
  6. Jumping SL
  7. Breakeven SL
  8. ATR based TP
  9. ATR based SL
  10. Fixed or dynamic lot sizes (based on Risk%)
  11. Should work with nano, micro and standard accounts, and any pairs with or without a 'suffix'.

I have done a lot of testing over the weekend. I'm sure there are some bugs, but we can weed those out. The only thing I have been optimizing are the ATR TP and SL.

Please let me know if you are interested in this EA. Thanks - TCO

  • #796
  • Jun 3, 2013 10:03am Jun 3, 2013 10:03am
Quoting TallCoolOne
Please let me know if you are interested in this EA. Thanks - TCO
Wow, sounds very comprehensive, TCO. Nice work. Please send me a copy, and I will help with the testing.

Scott
Prices are never too high to begin buying or too low to begin selling.
  • #797
  • Jun 3, 2013 10:10am Jun 3, 2013 10:10am
Quoting thehenryfam
{quote} Wow, sounds very comprehensive, TCO. Nice work. Please send me a copy, and I will help with the testing. Scott
Hi Scott. You got it. I'm at work right now....kind of slow day. I will send it along with the documentation when I get home. Also, I will probably come up with some templates. The EA should be placed on the lower TF, so I will some up with some templates that should make sense, one for each trend method. Thanks again Scott for your help. I look forward to your help in testing and code improvements. I will probably also post the EA on SteveHopwoods site also. I need to give back there also. Thanks - TCO.
  • #798
  • Jun 3, 2013 10:22am Jun 3, 2013 10:22am
Quoting TallCoolOne
{quote} Hi Scott. You got it. I'm at work right now....kind of slow day. I will send it along with the documentation when I get home. Also, I will probably come up with some templates. The EA should be placed on the lower TF, so I will some up with some templates that should make sense, one for each trend method. Thanks again Scott for your help. I look forward to your help in testing and code improvements. I will probably also post the EA on SteveHopwoods site also. I need to give back there also. Thanks - TCO.
Excellent. Thanks, TCO.
Prices are never too high to begin buying or too low to begin selling.
  • #799
  • Jun 3, 2013 1:16pm Jun 3, 2013 1:16pm
What a day

Happy this is a demo account. Even 100pips has given back a lot of his pips. Anyone else suffering?
Always try just one more time...
  • #800
  • Jun 3, 2013 1:24pm Jun 3, 2013 1:24pm
Quoting pirt666
What a day Happy this is a demo account. Even 100pips has given back a lot of his pips. Anyone else suffering?

Even though I am not using the exact same strategy (I'm using the third screen strat, without the EMA), I have also taken a huge beating today.

However, I feel as though the EMA would have filtered out a lot of bad trades for you guys, that would have been present for us.
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