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Simple Sma-based strategy

  • #61
  • Aug 12, 2013 7:43am Aug 12, 2013 7:43am
Thank you smilee89 ,my english is so bad. something I'm not understand about your trading system,In the actual transaction.1st-0.1,2nd-0.1,3rd-0.3,4th-0.6.
but sometime 3rd and 4th trends tend to have been down.3rd-0.3 and 4th-0.6 Loss of a large, 1st-0.1 2nd-0.1 Profit is relatively small.
  • #62
  • Aug 12, 2013 7:48am Aug 12, 2013 7:48am
like so
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  • #63
  • Aug 12, 2013 8:18am Aug 12, 2013 8:18am
Quoting Down jun
like so {image}
Your 2nd and 3rd trades are not by the rules.
Since your 1st trade closed in profit, you do not trade again until you have again 10-11 bars above sma30 and all other sma's are in right order.
  • #64
  • Aug 12, 2013 8:29am Aug 12, 2013 8:29am
Quoting Madmoney
{quote} Great thread bro! Keep it up!
Thanks for your kind words and many thanks for vouching me. I appreciate it!
  • #65
  • Aug 12, 2013 10:11am Aug 12, 2013 10:11am
Quoting smilee89
{quote} thanks for your kind words and many thanks for vouching me. I appreciate it!
hi smillee

this is very similar to the way i trade on certain days.

just two questions:

how long have you been trading this method ?

what is in your experience the best timeframe for daytrading and the best timeframe for long term trading i.e. Leaving a trade open for a few days ?

it would be a good idea to attach a sheeet listing the recommended stop loss and or the take profit levels for each time frame starting with the 1 min ending in daily.

how do you dealwith when all 4 positions get stopped out resulting in many days profits being wiped out ?

you say you have to wait for 10-11 candles to go above ma but in a trend that may have already occured a few months ago , so you will be waiting a long time for the next signal.
  • #66
  • Aug 12, 2013 10:27am Aug 12, 2013 10:27am
I trade this strategy for more than 6 months already.
I like to trade intradays mostly 5-30 minutes.
There are no recommended value to TP and SL.
I repeat again - each pair/TF/volatility has its own targets.
When all 4 targets hit the SL (which is very rare) I mostly recover this loss after not more than a month or so, sometimes it takes less than a week, it depends how many trades I take in 1 day.
  • #67
  • Aug 12, 2013 10:29am Aug 12, 2013 10:29am
Valid signal for Eurusd m5. First entry a bit late but no problem
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  • #68
  • Aug 12, 2013 10:31am Aug 12, 2013 10:31am
also you say the entry is in 4 stages. But by the time you reach the 4th entry stage, the 30 sma and 60 sma may have already changed directions , do you then cancel; all trades taking the loss ?

for example for a long trade you wait for the 30 sma to be above 60 sma , assuming all the other criterias are fulfilled you then enter a long trade. But price keeps on falling and you reach the 4th stage of entering the 4th long. But you look at the chart and you see now that the 30 sma has crossed below the 60 sma, so your criteria for a long trade is no longer valid. So do you still go ahead with the long trade at the 4th entry ?
  • #69
  • Aug 12, 2013 11:09am Aug 12, 2013 11:09am
Quoting xfiles
Valid signal for Eurusd m5. First entry a bit late but no problem {image}
Xfiles, you may need to update later-on your limit orders price ("follow up" trades), since price may go up and so the sma's.
  • #70
  • Aug 12, 2013 11:13am Aug 12, 2013 11:13am
Quoting whatfx
also you say the entry is in 4 stages. But by the time you reach the 4th entry stage, the 30 sma and 60 sma may have already changed directions , do you then cancel; all trades taking the loss ? for example for a long trade you wait for the 30 sma to be above 60 sma , assuming all the other criterias are fulfilled you then enter a long trade. But price keeps on falling and you reach the 4th stage of entering the 4th long. But you look at the chart and you see now that the 30 sma has crossed below the 60 sma, so your criteria for a long trade is...
Yes, I go long at the 4th entry level, no matter where are the sma's at this point.
The criteria for the sma's to be in the right order (sma30>60>200>400) - has to be checked only before 1st entry.
  • #71
  • Aug 12, 2013 11:29am Aug 12, 2013 11:29am
Hi Smilee89,

Excellent system keep it up brother.
  • #72
  • Aug 12, 2013 11:32am Aug 12, 2013 11:32am
Quoting smilee89
{quote} Xfiles, you may need to update later-on your limit orders price ("follow up" trades), since price may go up and so the sma's.
I'm following, thank you for hint!
  • #73
  • Edited 11:57am Aug 12, 2013 11:38am | Edited 11:57am
I have finished the trading logic in the EA, from the rules you have explained here in the thread(as far as i understood them anyway). But since you can't give a clear definition of profit targets for the different entries i can't really automate it. So far i have tried testing it with TP at entry of previous trade, previous entry + TP, a trailing stop activated at previous entry and a bunch of other stuff. It fails no matter what. I have attached the EA in this post, so you can play around with it a bit. The TP logic so far is previous entry + TakeProfit. You can disable the TakeProfit, and the EA will then only enter trades and set the StopLoss so you can manage targets by yourself.

I have some screenshots from failed entries the EA did. Could you please let me know if the logic is not according to your rules in these cases?

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Best regards
Zerrox
Attached File(s)
File Type: mq4 SMA MADNESS EA V1.mq4   20 KB | 405 downloads
  • #74
  • Aug 12, 2013 11:50am Aug 12, 2013 11:50am
edit.
  • #75
  • Aug 12, 2013 12:11pm Aug 12, 2013 12:11pm
One thing that I think it's important with this strategy, and that somehow is not easy to programm in an EA, is the "good looking" of the sma. I mean, if you look doing manual backtest, you will find that the best oportunities are the ones with smas in order and with more or less the same gap between them.
I don't know if you understand what I mean......
More or less this strategy is similar to the one of Hector Deville. Look for it in google if you wish.....
  • #76
  • Aug 12, 2013 12:15pm Aug 12, 2013 12:15pm
Yes, i'm fully aware that an EA isn't a good indicator for how a strategy will work. It's very difficult to program market intuition and the likes. But since the rules were very simple, it was obvious to attempt to automate it But i guess you need to have more programming experience than me, or understand the strategy better.

Best regards
  • #77
  • Aug 12, 2013 12:20pm Aug 12, 2013 12:20pm
Zerrox, the EA does not work by the rules at all. Sorry.
  • #78
  • Aug 12, 2013 12:22pm Aug 12, 2013 12:22pm
For example:
Some trades are not closed when reaching TP.
Some trades are opened even if the sma's are not at the right order before 1st entry.
TP is not placed at all - TP is blank at the backtest results.
  • #79
  • Aug 12, 2013 12:24pm Aug 12, 2013 12:24pm
Quoting smilee89
Zerrox, the EA does not work by the rules at all. Sorry.
Don't be sorry It's always a work in progress with these things the first couple of versions. Could you perhaps send me a PM with screenshots of where it fails and the settings it used? Maybe we can work it out and get something that can work consistently.

//edit
Have you set the variable "Set_TargetProfit" to true and the "Use_TrailingStop" to false? And notice also that the TimeFrame setting needs to be correct according to the timeframe you are backtesting on.
  • #80
  • Aug 12, 2013 12:27pm Aug 12, 2013 12:27pm
Quoting tradefish
One thing that I think it's important with this strategy, and that somehow is not easy to programm in an EA, is the "good looking" of the sma. I mean, if you look doing manual backtest, you will find that the best oportunities are the ones with smas in order and with more or less the same gap between them. I don't know if you understand what I mean...... More or less this strategy is similar to the one of Hector Deville. Look for it in google if you wish.....
There is no "Good looking" needed in this strategy.
The rules to enter each trade are very clear.
You just need to add X pips (50 pips~) behind SMA400 for SL and 15-30 pips for 1st entry.
For other entries, you can check the distance between SMA's and calculate any reasonable average to take some profit.
Believe me, it works.
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