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Third Screen Strategy - Dr. Alexander Elder

  • #1,161
  • Jun 6, 2013 4:15am Jun 6, 2013 4:15am
  • #1,162
  • Jun 6, 2013 4:45am Jun 6, 2013 4:45am
wardstratlat

maybe you have to wait 6 hours for a new trade. "delayhours"
  • #1,163
  • Edited 5:05am Jun 6, 2013 4:54am | Edited 5:05am
Quoting kazekase
{quote} maybe you have to wait 6 hours for a new trade. "delayhours"
I'm with 100pip. Not looking to trade G/A at the moment, as it has encountered historical resistance. Since Monday, some serious pips we're made though.
  • #1,164
  • Jun 6, 2013 4:57am Jun 6, 2013 4:57am
Quoting kazekase
wardstratlat maybe you have to wait 6 hours for a new trade. "delayhours"
Thanks for your answer, but the last position on CADJPY was opened on June 4th (and it was with the "D1 - 20 & 50 EMA" EA).
So, that why I don't understand what is wrong with the parameters
  • #1,165
  • Jun 6, 2013 5:04am Jun 6, 2013 5:04am
Hi

If someone could answer this question please....Firsty the G/A hit its Tp , very nice , now will the EA still open trades when all have been closed ????????? And the buys on the aususd had hit its stop loss on two of its trades will the EA open new ones on the way back up thats if it does go back up. I hope I am making sense.....

Thanks James
  • #1,166
  • Edited 5:59am Jun 6, 2013 5:45am | Edited 5:59am
1. Question :
GBPAUD has been closed with profit. The EA does not know about that.
The EA will only continue to search for opportunities. When it finds them, it will then open new trades.
With GBPAUD this means : we have a strong uptrend in the macd at the moment. Therefore, when price gets in the oversold area, it will start to buy again.
Perhaps there is a delaytime after closing existing positions. I am not sure of that.

2. Question :
AUDUSD is now in UP mode with the macd. So, the EA will buy when it comes in oversold area in W%R.
This is independent of any stoplosses on other trades. These trade got their SL and TP and the EA 'forgot ' them.
Now, the EA does not look after them any more. The EA counts only the total number of trades on a pair. When that is equal to your predetermined number, it will not issue more trades.
  • #1,167
  • Jun 6, 2013 5:49am Jun 6, 2013 5:49am
Quoting normtold
Thanks for the reply Erebus, I prefer this strategy to the EMA's. I was sitting here watching CAD/JPY wondering why it is not adding a 4th sell as D1 MACD is Red, H1 williams O/B (not anymore) then realised it is because the last opened sell was 26 hours ago so it wont open another sell until at least 30 hours have passed.

Do you have a delaytime of 30 hours ?
  • #1,168
  • Jun 6, 2013 5:54am Jun 6, 2013 5:54am
Quoting WardStradlat
Hi everybody. First, 100PipsADay, a big thank you for sharing this strategy . It fits perfectly with my personality. For now, I trade it manually. Thanks Khaled_ctg for the EA. I tried to test it on a demo account : seems I need assistance. By installing the EA, is it normal that a new position is not taken ? (see attached image : I think everything is correctly installed) Thanks in advance to everybody {image}

All is correctly installed, but probably you use a version with bugs in it.
The latest version has some problems and is under repair.
You should go back to the first version.
  • #1,169
  • Jun 6, 2013 5:56am Jun 6, 2013 5:56am
Quoting MKFXTrader
{quote} I'm with 100pip. Not looking to trade G/A at the moment, as it has encountered historical resistance. Since Monday, some serious pips we're made though.

Hi MKF,

Did you switch the EA off for GBPAUD ?
What I mean is, are you going to wait now till the macd goes negative before taking on new trades ?
  • #1,170
  • Jun 6, 2013 6:01am Jun 6, 2013 6:01am
Thanks Rexio

So what you are saying is...... if trades meet with their SL or TP the trades will be replaced to meet the maximum trades allocated by the EA ????????

Thanks James
  • #1,171
  • Edited 7:32am Jun 6, 2013 6:22am | Edited 7:32am
Quoting rexio
{quote} All is correctly installed, but probably you use a version with bugs in it. The latest version has some problems and is under repair. You should go back to the first version.
Hi rexio,
thanks for the answer. First of all, you reassure me : I'm not so silly to install an EA .

Secondly, there are two version of the EA ; so I don't understand which one should I use.
Now, I use the first, downloaded here (post# 847)
and the second here (post# 1,068 or #1), where I encountered a problem : an overload of error message in "FXCM MetaTrader 4>experts>logs" folder (not "FXCM MetaTrader 4>logs") : "09:25:32 Third Screen Strategy - D1 MACD CADJPY,Daily: first parameter for iMAOnArray indicator must be an array" again and again for all pairs I trade.

Thanks
  • #1,172
  • Jun 6, 2013 6:32am Jun 6, 2013 6:32am
Quoting rexio
{quote} Do you have a delaytime of 30 hours ?
No 6 hours.

"Khaled, I have a feeling that the EA I am using (the first one that needs MACD3SS in the indicators folder) may have a bug with regard to the time delay.



I have a EUR/USD long open from 8am yesterday and have my time delay at 6 hours, this morning it was not opening another long when the H1 Williams% was in oversold even though it was over 24 hours since the last one. It did finally open another long at 2pm, 30 hours after the first one (my platform is + 2) so it looks like it is just looking at the time and not the date.



Not a complaint, just an observation."

I just read that some noticed this same issue over on the EMA's thread too.
  • #1,173
  • Jun 6, 2013 6:50am Jun 6, 2013 6:50am
Quoting rexio
{quote} Hi MKF, Did you switch the EA off for GBPAUD ? What I mean is, are you going to wait now till the macd goes negative before taking on new trades ?
Correct. I switch off G/A and have other pairs which are also switch off until I see a clearer picture on the daily MACD.
  • #1,174
  • Jun 6, 2013 6:53am Jun 6, 2013 6:53am
Quoting normtold
{quote} No 6 hours. "Khaled, I have a feeling that the EA I am using (the first one that needs MACD3SS in the indicators folder) may have a bug with regard to the time delay. I have a EUR/USD long open from 8am yesterday and have my time delay at 6 hours, this morning it was not opening another long when the H1 Williams% was in oversold even though it was over 24 hours since the last one. It did finally open another long at 2pm, 30 hours after the first one (my platform is + 2) so it looks like it is just looking at the time and not the date. Not...
There isn't a bug on the first EA that I have encountered. Must be something you are doing. Are you keeping the computer on and have the program running at all times? Is the Expert advisor on? Are you switching between different accounts on the same MT4? You need to do some troubleshooting. IMO, it's not the EA.
  • #1,175
  • Jun 6, 2013 7:01am Jun 6, 2013 7:01am
Hallo Mr. Pip,

i see that you don't have AUDCAD on your list, nor in the demoversion at the top of the page.
Is there a special reason for it ?
I ran into this pair with a number of losing trades at the moment.
  • #1,176
  • Jun 6, 2013 7:09am Jun 6, 2013 7:09am
Quoting MKFXTrader
{quote} There isn't a bug on the first EA that I have encountered.

"Hi normtold,
Your observation is correct. The EA calculates the timedifference and doesn't consider date. Its not a bug but it needs more tuning. And there are lot of things to be fine tuned.

I think its not a major problem to implement or understand the "Third Screen Strategy". The main intention of this EA is to introduce the "Third Screen Strategy" to the traders.

Regards,
Khaled"...
Are you keeping the computer on and have the program running at all times? Yes Is the Expert advisor on? Yes Are you switching between different accounts on the same MT4? No. You need to do some troubleshooting. IMO, it's not the EA.


I do have many PC's running with different profitable EA's. This third screen strategy is running on one PC and is functioning well except the issue I mentioned and a few others have noticed this same issue on the EMA thread.
  • #1,177
  • Edited 7:27am Jun 6, 2013 7:10am | Edited 7:27am
Quoting khidir
Hi If someone could answer this question please....Firsty the G/A hit its Tp , very nice , now will the EA still open trades when all have been closed ????????? And the buys on the aususd had hit its stop loss on two of its trades will the EA open new ones on the way back up thats if it does go back up. I hope I am making sense..... Thanks James
In my time of trading this system, be it manually or now with the EA, what I find works most efficiently is to only have the EA running on pairs that have good signals on the daily MACD. For example, compare right now the daily MACD between A/U and U/J, you can see the difference between the two. One is more recognizable as a trend, while the other one looks undecided and ranging. Case in point, I have A/U on the sidelines for now, and am not taking any trades til we get more of a direction. I think if we spend time once a day looking at the daily, and eliminating some of the weak signals, you can increase your odds of a better winning trade. Same thing why pippy and I are standing on the sidelines with G/A currently. It has bounced off a historical resistance. Just have to sit back and see where it goes from here. Hope this has been helpful.
  • #1,178
  • Jun 6, 2013 7:13am Jun 6, 2013 7:13am
Quoting normtold
{quote} Are you keeping the computer on and have the program running at all times? Yes Is the Expert advisor on? Yes Are you switching between different accounts on the same MT4? No. You need to do some troubleshooting. IMO, it's not the EA. I do have many PC's running with different profitable EA's. This third screen strategy is running on one PC and is functioning well except the issue I mentioned and a few others have noticed this same issue on the EMA thread.
Are you running the first posted EA? The one that uses the MACD3SS? The second one has already been recognized to have bugs and need fine tuning. Hope you solve the problem.
  • #1,179
  • Jun 6, 2013 7:27am Jun 6, 2013 7:27am
Yes I am using the first posted EA that uses MACD3SS.


It's no problem, just an observation that a few have noticed, just got 2 PM's saying they have the same issue.


I just add manually if it is during daylight hours.
  • #1,180
  • Jun 6, 2013 7:31am Jun 6, 2013 7:31am
Quoting normtold
Yes I am using the first posted EA that uses MACD3SS. It's no problem, just an observation that a few have noticed, just got 2 PM's saying they have the same issue. I just add manually if it is during daylight hours.
Yes, this is what I do. I trade manually during the day and set EA to run after hours. Seems to be working and I haven't noticed any issues. Two days running the EA has yielded great results, so I personally doubt it's the EA. GL
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