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D1 - 20 EMA & 50 EMA

  • #1,621
  • Jul 12, 2013 7:36am Jul 12, 2013 7:36am
The MACD EA is in a large dd right now. Traders have to do more than just let these EAs run on their own. For instance, the 3s EA is still buying the AUDUSD but that pair is still ranging or moving down more. I've lost 2700 pips over the last two weeks with the 3s EA running on its own. These are clearly not set and forget EAs.

=)
  • #1,622
  • Jul 12, 2013 10:01am Jul 12, 2013 10:01am
Is anyone one here using the strategy or EA? Everywhere I look i see 3SS even though this thread is for 20 & 50 EMA. Just wondering how it is performing compared to 3SS right now, since many people are seeing a loss.
  • #1,623
  • Jul 12, 2013 12:20pm Jul 12, 2013 12:20pm
I started using the EA for 20 & 50 EMA on a $1000 demo account 9 days ago. This is generally what I do:
I start the EA in the morning and close my trades in the evening. Then at night I turn on the EA again.



Because my demo account is small I have changed some of the settings for the EA.
Lot size: 0.1
Max positions: 3
Delay hours: 6
Trailing Stop: 50 (This setting is not working. Anyone got an idea?)
Take profit: 280
Stop loss: 100

For now I'm using it on 5 pairs. (EURUSD , USDJPY, USDCHF, GBPUSD, AUDUSD) There were no trades on USDCHF pair so I might replace it with another one next week.

My account became $2300 in a few days. Then one day I returned from work and because I had doubled the account decided not to close the trades. I was aware of FOMC and knew it could have a negative effect on the open trades. All the open trades hit stop losses and I was back on square one.

My demo account is now $1448 and I'm happy with it. Although it is still early I think the EA is great but human intervention is needed.
  • #1,624
  • Jul 12, 2013 12:46pm Jul 12, 2013 12:46pm
Quoting DrNoStopLoss
Is anyone one here using the strategy or EA? Everywhere I look i see 3SS even though this thread is for 20 & 50 EMA. Just wondering how it is performing compared to 3SS right now, since many people are seeing a loss.

I have actually started to adopt more of the D1 20/50 EMA strategy. It is sort of a hybrid between this, 3SS, and the Strat's long term strategy. I am a bit more conservative and since the EMA lags behind the 3SS on signals I prefer to use it. There is no doubt in my mind the 3SS works though but I think it just comes down to personal preference. I did trade last week on demo with 20/50 and made pretty good results. Around 700 pips
  • #1,625
  • Jul 12, 2013 12:50pm Jul 12, 2013 12:50pm
Quoting jicssbr
The MACD EA is in a large dd right now. Traders have to do more than just let these EAs run on their own. For instance, the 3s EA is still buying the AUDUSD but that pair is still ranging or moving down more. I've lost 2700 pips over the last two weeks with the 3s EA running on its own. These are clearly not set and forget EAs. =)
This is true. A few people in the 3SS thread have mentioned manual intervention is a must. Right now is not a good time to let the 3SS EA run full auto in my opinion. Can't comment on the 20/50 though as I have not used it
  • #1,626
  • Jul 12, 2013 2:50pm Jul 12, 2013 2:50pm
Coskund4,

Which market session do you trade "in the morning" and what is your "night session?"

Thanks.
  • #1,627
  • Jul 12, 2013 3:49pm Jul 12, 2013 3:49pm
Quoting jicssbr
Coskund4, Which market session do you trade "in the morning" and what is your "night session?" Thanks.

Morning session is between 6-8 am. (UK time)
Close the trades between 3-4 pm. (UK time)
Night session 8-9 pm. (UK time)
But I don't run the EA on Friday night and on Mondays I wait for the London opening. I start the EA 1-2 hours after London opens.
Except the FOMC day so far I haven't had a day in loss. The real challenge would be coming home and seeing the trades in red. Should I close the trades and accept loss or wait for the next day and hope trades reverse?
  • #1,628
  • Jul 12, 2013 4:17pm Jul 12, 2013 4:17pm
Quoting coskund4
{quote} Morning session is between 6-8 am. (UK time) Close the trades between 3-4 pm. (UK time) Night session 8-9 pm. (UK time) But I don't run the EA on Friday night and on Mondays I wait for the London opening. I start the EA 1-2 hours after London opens. Except the FOMC day so far I haven't had a day in loss. The real challenge would be coming home and seeing the trades in red. Should I close the trades and accept loss or wait for the next day and hope trades reverse?

interesting. If you open up trades at night what time do those get closed?
  • #1,629
  • Jul 12, 2013 6:37pm Jul 12, 2013 6:37pm
Quoting crottsinabox
{quote} interesting. If you open up trades at night what time do those get closed?
First of all, I'd like to say that the EA opens the trades. I run the EA at night and in the morning and finally close all the trades (unless they hit SL or TP, which has never happened so far)manually when I get home.
  • #1,630
  • Jul 13, 2013 6:16pm Jul 13, 2013 6:16pm
Hello 100PipsADay, tks for share your method with us. I liked very much. But a sugestion, is possible a version with setup option to open a order when the willians% line turn back the levels -20 and -80(not on the first touch)? I think that will give us a EA less profitable, but less agressive and with better entry point.

Thank you so much.

  • #1,631
  • Jul 13, 2013 6:34pm Jul 13, 2013 6:34pm
Quoting astom
Hello 100PipsADay, tks for share your method with us. I liked very much. But a sugestion, is possible a version with setup option to open a order when the willians% line turn back the levels -20 and -80(not on the first touch)? I think that will give us a EA less profitable, but less agressive and with better entry point. Thank you so much.
These guys are way ahead of you

http://www.forexfactory.com/showthread.php?t=430840



Lower TF Trade Entry - can be set to whatever TF you desire. You can select the Williams % method or Stochastic method for lower TF signals

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
It takes a lot for me to IGNORE you, but you can try.
  • #1,632
  • Jul 15, 2013 4:57am Jul 15, 2013 4:57am
Tks Erebus. I'll take a look.
  • #1,633
  • Jul 26, 2013 12:48pm Jul 26, 2013 12:48pm
Is this thread dead?
Always try just one more time...
  • #1,634
  • Jul 26, 2013 1:29pm Jul 26, 2013 1:29pm
Quoting pirt666
Is this thread dead?
Pretty much...

It has died a slow death
  • #1,635
  • Jul 26, 2013 2:48pm Jul 26, 2013 2:48pm
Quoting pirt666
Is this thread dead?
I think most have gone to here

http://www.forexfactory.com/showthre...45#post6849845

But to be honest I have had the best results with this system both demo and live so in two minds at the moment
I do Good I feel GoodI do Bad I feel Bad
  • #1,636
  • Jul 29, 2013 4:03pm Jul 29, 2013 4:03pm
My EA has been running for the last two weeks --- on a micro account with $400 - 10:1 Leverage - any idea why no trades have been placed? I am using appropriate settings (this used to work 2 weeks ago, but has stopped)
  • #1,637
  • Jul 29, 2013 6:32pm Jul 29, 2013 6:32pm
I took am unable to use the EA, I downloaded it some months back but removed it as
wasn't using any EA, when I tried to re-download it wouldn't have it.
There was nothing in the code.

Need to get the code off someone which goes into the MT4/5 to add it manually, unless you just add the indicators and follow it manually, but I'm not at screen all day.
  • #1,638
  • Jul 29, 2013 6:56pm Jul 29, 2013 6:56pm
Quoting TheNechita
My EA has been running for the last two weeks --- on a micro account with $400 - 10:1 Leverage - any idea why no trades have been placed? I am using appropriate settings (this used to work 2 weeks ago, but has stopped)
can you post a screen shot of your chart and the EA Opened like this

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 267 KB
I do Good I feel GoodI do Bad I feel Bad
  • #1,639
  • Jul 30, 2013 4:24am Jul 30, 2013 4:24am
Quoting Offshore
{quote} can you post a screen shot of your chart and the EA Opened like this {image}
Attached Image (click to enlarge)
Click to Enlarge Name: euraud d1 20 ema & 50 ema setup.png Size: 181 KB
  • #1,640
  • Jul 30, 2013 4:32am Jul 30, 2013 4:32am
Quoting Offshore
{quote} can you post a screen shot of your chart and the EA Opened like this {image}
Attached Image (click to enlarge)
Click to Enlarge Name: d1 4 monitor setup.png Size: 1.1 MB
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