zigzag indicator currency trading... H4 timeframe, and above | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Need Help - ZigZag EA and Indicator 9 replies

Timeframe inside current timeframe - is that possible? 2 replies

Seeing higher timeframe indicators on lower timeframe 4 replies

Custom indicator to switch timeframe and add indicator 3 replies

ZigZag Indicator and Fibonacci Question! 9 replies

Attachments: zigzag indicator currency trading... H4 timeframe, and above
Exit Attachments

zigzag indicator currency trading... H4 timeframe, and above

  • #21
  • Mar 27, 2014 10:17am Mar 27, 2014 10:17am
Hi Run

Take a look at the thread called 'My Market Order System', this is what I have been trading.

Martin
  • #22
  • Mar 28, 2014 5:09am Mar 28, 2014 5:09am
Hello tdhowl... if you need help then give me that EA and tell me what you want to do with that might me i could help u in ur strategy...
  • #23
  • Mar 28, 2014 10:14am Mar 28, 2014 10:14am
Thank you itsshabi for the offer to help me, however I am not giving away or posting on forums my custom EA's at this time. I did post a custom script though that I had made that is available for download on my other thread That I started a while back. I am only posting trading results on this thread. I did receive the new EA now with a parabolic filter. Next week I am devoting a full week to demo test it, then I'll post results here.
  • #24
  • Mar 29, 2014 7:10pm Mar 29, 2014 7:10pm
Hi tdhowl,

Good luck with your EA! Looking foward to your demo test resaults.
  • #25
  • Mar 31, 2014 6:17pm Mar 31, 2014 6:17pm
The first demo trade taken by the original swing zz ea now using an added parobolic filter.. was sucessful. This version is called Swing ZZ EA v0.2. It worked exactly as I requested.. When the swing zz indicator agrees with the parobolic, a trade is opened and not closed until 1 or both indicators disagree. As you can see in the screenshot, the trade was taken on the 4H timeframe bar when both indicators agreed. Then on the same 4H bar the trade was closed for a profit because the swing zz indicator sell signal must have appeared, and then repainted to the next 4H bar. I hope this EA continues to trade well. I will continue to post further results.
Attached Image (click to enlarge)
Click to Enlarge Name: swing_zz_ea_v0.2_demo_screenshot_1.png Size: 84 KB
  • #26
  • Apr 1, 2014 11:27am Apr 1, 2014 11:27am
To adequately demo test this EA on the 4H timeframe could take months, and unfortunately I don't have a whole lot of patience. So, this evening when I can get to my home computer that is running this EA.. I intend to turn up the heat, and change the timeframe this EA is running on from H4 to the M15. I am interested to see what kind of results come in on such a low timeframe. I will comment here if unsuccessful, or post a screenshot if the EA is doing really well on the M15.
  • #27
  • Apr 1, 2014 12:28pm Apr 1, 2014 12:28pm
td, you've said you thought you couldn't backtest the EA because the indi it's based on repaints, but have you given it a shot just to see? maybe you could run it over the same period you've had live testing and compare the results. i could see it being a concern for a visual backtest, but not so much in a strategy tester.
It's a buy the dip scheme, ya feel me?
  • #28
  • Apr 1, 2014 5:39pm Apr 1, 2014 5:39pm
Hi nightstocher, thanks for your advise. I'll give it a shot, however, I was advised by the programmer who coded this EA to demo test first always. I try though
  • #29
  • Apr 1, 2014 6:16pm Apr 1, 2014 6:16pm
Quoting tdhowl
Hi nightstocher, thanks for your advise. I'll give it a shot, however, I was advised by the programmer who coded this EA to demo test first always. I try though
of course demo test it before going live, if at all.

but backtesting it in the MT4 strategy tester doesn't put any funds at risk. it just runs your EA against historical data to see how it would have performed.
It's a buy the dip scheme, ya feel me?
  • #30
  • Apr 1, 2014 6:51pm Apr 1, 2014 6:51pm
Quoting nightstocher
{quote} of course demo test it before going live, if at all. but backtesting it in the MT4 strategy tester doesn't put any funds at risk. it just runs your EA against historical data to see how it would have performed.

First off...Backtests are bullshit.

They are a complete waste of time and anybody still using these to do anything other than verify the trigger is a fool...ya know what they say about fools and their money?

This was written for people who lay down money on backtests.

Forward testing really is the way to go.

This being said...looking at the results based on an H4 chart...seeing an average of like what, 10-20 pips? This is seemingly more of a waste of time than actual backtesting.

You could seriously use a random trade generator or flip a coin and get these results and not have to do it on an H4 chart.

I'd burn this bitch and start over.

-My dos centavos-
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #31
  • Apr 2, 2014 1:27am Apr 2, 2014 1:27am
Quoting Magix
{quote} First off...Backtests are bullshit. They are a complete waste of time and anybody still using these to do anything other than verify the trigger is a fool...ya know what they say about fools and their money? This was written for people who lay down money on backtests. Forward testing really is the way to go. This being said...looking at the results based on an H4 chart...seeing an average of like what, 10-20 pips? This is seemingly more of a waste of time than actual backtesting. You could seriously use a random trade generator or flip a...
i had a feeling you might show up.

he's using a strategy based on zigzag. a backtest should be sufficient to show him the likelihood of long-term success.
It's a buy the dip scheme, ya feel me?
  • #32
  • Apr 2, 2014 2:48am Apr 2, 2014 2:48am
I have disappointing news.. I as I watch the EA trade on demo on the 15M timeframe.. I can see that the parabolic filter is in no way preventing repainting. It is just taking and exiting the trades as the swing zz indicator repaints on that timeframe. It appears my idea that the parabolic filter would stop the repainting issue was flawed. I am disappointed.
  • #33
  • Apr 2, 2014 9:37am Apr 2, 2014 9:37am
Quoting nightstocher
{quote} i had a feeling you might show up. he's using a strategy based on zigzag. a backtest should be sufficient to show him the likelihood of long-term success.

Backtests are proven to fail on ALL TIME FRAMES.

So, before coming up with this as a statement, qualify backtests by showing any single month of H4 testing, live and forward that will match up with the same month of backs.

You CAN'T, because they never will.

So, using these is again, a TOTAL waste of time.

As for the profit range of this, especially on an H4 chart, isn't good enough to cover the losses that it may incur. Try to appreciate the actual range of swings on an H4 chart being in the hundreds and this thing captures and closes, what, like max 20?

You might as well be picking bottles from a ditch and give up hobby trading if this kinda scratch is your goal. The money earned on returns will be solid growth, this is a coin toss.

As an example of ideas for trading...after having hammered back a few beers this weekend and with exceptionally cloudy focus, I threw together a little triggering system for the M1.
M1 because it works and because I can...
M1 because I can get a decent sampling in a week...

4 pairs trading....Check out the average range of trade gained.

This isn't perfect and it isn't the only way, but try and use this as a sense of guidance while moving through the timeframes. If I can bust a dixie on the M1, you should be able to find logic to crush this on an H4.
Attached Image (click to enlarge)
Click to Enlarge Name: nice.png Size: 64 KB
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #34
  • Apr 2, 2014 11:04am Apr 2, 2014 11:04am
Quoting Magix
{quote} Backtests are proven to fail on ALL TIME FRAMES. So, before coming up with this as a statement, qualify backtests by showing any single month of H4 testing, live and forward that will match up with the same month of backs. You CAN'T, because they never will. So, using these is again, a TOTAL waste of time. As for the profit range of this, especially on an H4 chart, isn't good enough to cover the losses that it may incur. Try to appreciate the actual range of swings on an H4 chart being in the hundreds and this thing captures and closes,...
you seem to be missing my point for want of making yours--which was running a backtest will show tdhowl this strategy will probably never ever work. precisely what placing it on an M15 chart looks to have done.
It's a buy the dip scheme, ya feel me?
  • #35
  • Apr 2, 2014 11:26am Apr 2, 2014 11:26am
Quoting nightstocher
{quote} you seem to be missing my point for want of making yours--which was running a backtest will show tdhowl this strategy will probably never ever work. precisely what placing it on an M15 chart looks to have done.
My point was in rebuttal to this statement:
Quoting nightstocher
{quote} a backtest should be sufficient to show him the likelihood of long-term success.
In which, I maintain...
1. Backtests are shit and shouldn't be used to qualify a profitable strategy based on the results.
2. This strategy sucks. HARD.
3. That I can code better trade logic drunk than this guy paid $150 for.

I have thrown away successful logic and run bad performers based on backtests. Unless you are using it to verify and qualify the triggering logic and exit strategy, they simply cannot be trusted.

This is the number 1 point to which you seem to be missing.

The fact that the strategy sucks was just an observation.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #36
  • Apr 2, 2014 7:05pm Apr 2, 2014 7:05pm
Greetings to all reading this thread. I decided to not continue to post screenshots about this EA anymore here on this thread. I just setup a trade explorer connecting my live account at FXCM to my members page. For the foreseeable future, I have set the Swing ZZ EA v0.2 to trade live the EUR/USD pair on the 4Hour timeframe. It's very simple, if I see steady profit then I will increase lot size and will allow the EA to continue to make profitable trades for me. However, If I see the EA is not doing well.. then I will discontinue using it, and then probably try something else. It's that simple.
  • #37
  • Apr 2, 2014 7:29pm Apr 2, 2014 7:29pm
Quoting Magix
3. That I can code better trade logic drunk than this guy paid $150 for.
Was it the drunk comment?

Quoting tdhowl
Greetings to all reading this thread. I decided to not continue to post screenshots about this EA anymore here on this thread. I just setup a trade explorer connecting my live account at FXCM to my members page. For the foreseeable future, I have set the Swing ZZ EA v0.2 to trade live the EUR/USD pair on the 4Hour timeframe. It's very simple, if I see steady profit then I will increase lot size and will allow the EA to continue to make profitable trades for me. However, If I see the EA is not doing well.. then I will discontinue using it, and then...
Seriously dude, what'd you think you'd get being all sheepish with your, "Private Code", from some website?

Not like you really shared anything, or for that matter even have anything worth sharing...

But to get all sensitive n shit...is kinda weak.

Don't take it personally, really, I've been at it for a couple years now and working with coders type folk made me realize that it was seriously time to learn a little code of my own.

Problem with Most EAs is that they are coded by people that don't know shit about market. Or they are instructed to be coded under this same guise.

If you cannot trade, you cannot come up with a viable trade strategy. If you cannot come up with a viable trade strategy, what is there worth coding?

Because you've picked a 4 hour time frame to work with, means that you will have that much longer to wait to realize that you are working with a bust. Take the market to being fractal and you will maybe gain some sense of profitability. Meaning, if it doesn't work on the M1, it's probably not going to work on any other time frame. Go from this and work your magic.

I'm not a dick on purpose. It really is my nature. Don't wanna see you or anybody else chasing dreams 4 hours at a time.

There are great code folk here at the factory, learn to work with these guys. If they won't do the work on it, there is probably a good reason for it...move on!

As for posting your shit off site...pshhhhhhh...probably a good idea, this isn't really much of a place for the uber sensitive type folk.

Best wishes in your journeys...I'll keep my fingers crossed for ya.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #38
  • Apr 19, 2014 1:53am Apr 19, 2014 1:53am
For the past week or so I let the Swing ZZ EA v0.2 run on my live account uninterrupted and I set it to trade EUR/USD on the 4 Hour timeframe. The trades can be viewed on my members page. See trade explorer FXCM Live 1. The first 5 trades were all closed for a profit, and produce 65 pips. Next week I will continue to let it run on the EUR/USD, but I will add another currency pair for this EA to trade on this account and see how this goes
  • #39
  • Apr 27, 2014 2:36pm Apr 27, 2014 2:36pm
The Swing ZZ EA v0.2 completed 10 trades so far on my live account. Out of the 10 trades so far, 7 of them were taken using EUR/USD and all those were winners.. so for next week I am just going to let this EA run on the EUR/USD and see if my luck continues.
  • #40
  • Apr 27, 2014 4:11pm Apr 27, 2014 4:11pm
Are you going to share the EA with us? Or the methodology behind it?
0 traders viewing now