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New profitable System - Sidus

  • #381
  • Jul 29, 2006 10:59pm Jul 29, 2006 10:59pm
Hey guys-
Big thank you to Aha for laying it out clearly, I really appreciate it. There were lots of things floating around and you nailed them all I think . I just got home (it's just before midnight) and I'll be traveling all day tomorrow but if I can find time in the midst of the bustle I'll finish the EA as Aha described it by tomorrow night, or by the latest Monday night (EST). Or, if I feel my frequent insomniac self tonight I'll just have it posted before morning. Basically Monday night is worst case scenario but I'll hopefully be done before.
I am anxious to see how forward testing goes on this (MT4's backtests are very unreliable in my experience) and wish you all happy trading.
Gavner
  • #382
  • Jul 30, 2006 1:13am Jul 30, 2006 1:13am
Hello again-
I've coded the EA according to Aha's rules. If you look at the order-closing part of the code, I put in some comments (the gray words) explaining what is being closed or modified and at what levels/prices. However there is an error right now, the backtester (which I only trust to tell me whether an EA is working, not whether it will be profitable) will open a dozen orders on one candlestick and close them all immediately at a loss; furthermore, it is only opening long orders (i.e. it's not working). I've had those two problems in my rough drafts of EAs many many times, and it's usually some small error that is easy to fix. I'm kinda sleepy right now though (it's a little after 2am) and as I said I have to travel tomorrow, so I'm going to crash for the night. If someone else who knows a little MQL4 (or C for that matter, they're basically the same) would like to take a crack at fixing the problem, please be my guest. If no one can do it, don't worry about it, I'll fix it in the next couple days.

So just to repeat, the code is mostly done but there is some type of error in it right now that needs to be corrected.
Good luck with your trading,
Gavner


P.S.-OrangeRoshan: I will add your (apparently) killer new tactic to the EA when you are ready to tell us all about it. Hopefully once it's working, it will improve the EA similarly
P.P.S.-Aha: Check the "Manual Confirmation" box in the EA Options tab of the MT4 Options menu if you'd like a popup and no autotrades. As for your (1) about reversing, right now the EA (if it was working properly) would trade when entry signals occur and exit them as you specified..."reversing" applies more to strategies with 1 exit signal that closes the whole order then opens one oppositely (is that a word?) I think.. but as I said, if a new entry signal is triggered and no opposite-direction trade is open, it should make the trade.
Attached File(s)
File Type: mq4 Sidus.mq4   10 KB | 892 downloads
  • #383
  • Jul 30, 2006 1:36am Jul 30, 2006 1:36am
I'm not sure if this has been mentioned before or not. There was a lot of reading to do to get through this whole thread. When opening a position, how do you guys calculate how much you open with? Do you just open with a predetermined amount of your equity and just wait to exit your trade at Vegas Fib Levels?

How about opening a position with a certain amount then once switched to the 1 hr charts, add to the position. Then, once price goes through the Vegas tunnel, add to the position again. Once price has gone through the tunnel, you have added to your original position 2 more times. You now have 3 "position" in one. Once the fib levels get reached, take each position off.

By looking at this system closer, I think it is very good and could be maximized even more. Money Management is the key to succeed.

I would like to manually backtest this somehow. It seems pretty hard to do though because of going from 30 minute chart to 1 hr chart. Although, all the MAs and 1hr vegas tunnel could be put on 1 chart. It might take me a couple days to get to it but, I will figure something out to manually backtest it.

I am gonna try to figure out what is needed hust for the 30 minute chart to do the backtesting. If someone has it figured out, could you please post it so I can compare what I come up with? Or even PM me. This looks really good guys.
JOHN 3:16
  • #384
  • Jul 30, 2006 1:50am Jul 30, 2006 1:50am
Hi Gav, thanks for the EA. i had a quick view at the ea, and noticed that you have put conditions that for BUY signal RSI has to be >=45 and for SELL signal RSI has to be <=55 , now this could be one of the reasons EA is only opening long orders ?

I had already mentioned this before: is it only necessary the RSI be above or below the 50level, is it not necessary for the RSI to actually crossover 50level from below for long and opposite for sell?
  • #385
  • Jul 30, 2006 3:10am Jul 30, 2006 3:10am
Quoting traderdp
Hi to all, and my complements to everyone involved in nurturing such a promising strategy - especially to Sidus, and Bagovino who got the ball rolling. this appears to look like a grand slam home run! Bagovino's idea of combining different aspects of this tri-phase process to take into account ranging and trending conditions is simply brilliant!
Since some changes have been made along the way, please take a look to see if my Phase One-Two-Three Rules are correct at this time -

Phase One to Enter Long on 30 minute chart:
RSI (21) goes from < 50 to > 50
5 EMA line goes from < 12 EMA to > 12 EMA line
36 EMA (tunnel line) < 56 EMA (tunnel line)
both 5 EMA and 12 EMA lines < both Tunnel lines (36 EMA and 56 EMA)
are the 5 WMA and 8 WMA now dropped from consideration
at this phase?

Phase Two (Sidus) to Continue Long on 60 minute chart:
once 18 EMA tunnel line crosses above 28 EMA tunnel line
2.5 EMA line continues to be > 6 EMA line
RSI (21) continues to stay > 50
both 2.5 EMA and 6 EMA lines move above and stay above both tunnel
lines (18 EMA and 28 EMA)

Phase Three (Vegas) to Continue Long on 60 minute chart:
look for price to cross from below to above Vegas Tunnel
if it does - then look for exits as per Fib levels outlined by Vegas

Any and all help in sincerely appreciated
traderdp
Aren't there suppose to be some WMA's? Like 18 and 28 on the 1hr. Aren't they suppose to be WMA and not EMA? That would make them 36WMA and 56 EMA.
JOHN 3:16
  • #386
  • Jul 30, 2006 3:23am Jul 30, 2006 3:23am
Hi guys,

Here it is. Its a rush job and i hope you guys can benefit from it as it has for me. I welcome constructive comments that you might have. Starting Monday, I apologise early when i dont reply this post as frequent as i should be. The reason is Im focus on trading. I will make simple reply during the week days & full reply during the weekend.

Its Pipastic. When you dont make money with this, I dont know what will.

renasdad, I will comeback to your with the new SL manager. Will study it, Thanks.

To the guys doing the EA, please incoperate this because it really works & a pip machine.

Sidus: I cant wait to see your part 2. Hope it will come soon.

Happy Trading.
Attached File(s)
File Type: pdf TIGA ABDUL.pdf   163 KB | 3,132 downloads
Change Your Thinking. Change Your Life - JD
  • #387
  • Jul 30, 2006 4:12am Jul 30, 2006 4:12am
Quoting OrangeRoshan
Hi guys,

Here it is. Its a rush job and i hope you guys can benefit from it as it has for me. I welcome constructive comments that you might have. Starting Monday, I apologise early when i dont reply this post as frequent as i should be. The reason is Im focus on trading. I will make simple reply during the week days & full reply during the weekend.

Its Pipastic. When you dont make money with this, I dont know what will.

renasdad, I will comeback to your with the new SL manager. Will study it, Thanks.

To the guys doing the EA, please incoperate this because it really works & a pip machine.

Sidus: I cant wait to see your part 2. Hope it will come soon.

Happy Trading.
well, well, another tool to use along with sidus......you are truly a friend, if you donot mind.. thank you for sharing......
  • #388
  • Jul 30, 2006 4:14am Jul 30, 2006 4:14am
You are more than welcome!
Change Your Thinking. Change Your Life - JD
  • #389
  • Jul 30, 2006 4:19am Jul 30, 2006 4:19am
[quote=OrangeRoshan]Hi guys,



renasdad, I will comeback to your with the new SL manager. Will study it, Thanks.

QUOTE].


Hey, I have about 300 indicators for MT4 at least. I am gonna sift through them and see what else I have to add to this. I think the entry signal and exit signal are pretty good. Possibly a little better exit signal. But, the main thing is a good SL. We need something that is far enough away from price to prevent getting stopped out from whipsaws but, we don't want something that is too far away. That is why I want to manually backtest this to see what a good SL would be. I am just not sure what exactly should be put on a 30 minute chart to cover all 3 phases.

I am gonna put 100% into this to help make it better.
JOHN 3:16
  • #390
  • Jul 30, 2006 4:24am Jul 30, 2006 4:24am
[quote=renasdad]
Quoting OrangeRoshan
Hi guys,



renasdad, I will comeback to your with the new SL manager. Will study it, Thanks.

QUOTE].


Hey, I have about 300 indicators for MT4 at least. I am gonna sift through them and see what else I have to add to this. I think the entry signal and exit signal are pretty good. Possibly a little better exit signal. But, the main thing is a good SL. We need something that is far enough away from price to prevent getting stopped out from whipsaws but, we don't want something that is too far away. That is why I want to manually backtest this to see what a good SL would be. I am just not sure what exactly should be put on a 30 minute chart to cover all 3 phases.

I am gonna put 100% into this to help make it better.
Brilliant, simply brilliant!! You read my mind. Sl is what makes the system vanurable. When we can fix it it would be excellent!

Thank you again
Change Your Thinking. Change Your Life - JD
  • #391
  • Jul 30, 2006 4:29am Jul 30, 2006 4:29am
Hi Orange, thanks lot for the well detailed doc. i have now added 9sma to the charts, and what i have observed is that when the 5ema & 9sma cross RSI will only confirm the trend wen 5ema & 12ema will cross, so do you getin before the RSI & 5/12cross confirmation ?
  • #392
  • Jul 30, 2006 4:35am Jul 30, 2006 4:35am
[quote=OrangeRoshan]
Quoting renasdad

Brilliant, simply brilliant!! You read my mind. Sl is what makes the system vanurable. When we can fix it it would be excellent!

Thank you again
This is why I want to manually backtest it. Looking at my charts a little bit, there were a couple times, after the signal, price went 50-60 pips in the wrong direction, but that was the whipsaw and after that, went pips in the bank. I don't like the idea of 60 pip SL though unless using a 4 hr or day chart. 30 minute charts need around 25-30. Am I wrong? Hm?
JOHN 3:16
  • #393
  • Jul 30, 2006 5:08am Jul 30, 2006 5:08am
[quote=renasdad]
Quoting OrangeRoshan

This is why I want to manually backtest it. Looking at my charts a little bit, there were a couple times, after the signal, price went 50-60 pips in the wrong direction, but that was the whipsaw and after that, went pips in the bank. I don't like the idea of 60 pip SL though unless using a 4 hr or day chart. 30 minute charts need around 25-30. Am I wrong? Hm?
Wellsaid. We can go two things here at the moment:

1. Put a >60 sl, simply because the indicator is seldom wrong. Whipsaw can be pip profitably when we know the trend very well.

2. Babysit the trade, which is what I mostly do. My sl is only 35

Thanks
Change Your Thinking. Change Your Life - JD
  • #394
  • Jul 30, 2006 5:13am Jul 30, 2006 5:13am
Quoting peterdxb
Hi Orange, thanks lot for the well detailed doc. i have now added 9sma to the charts, and what i have observed is that when the 5ema & 9sma cross RSI will only confirm the trend wen 5ema & 12ema will cross, so do you getin before the RSI & 5/12cross confirmation ?
It all depends on your trading style. I dont use the 21 RSI at the moment because it too lagging. Unless someone comeup with a new RSI number and RSI cross level.

I totally trade based on the 2 sets of EMA, the Primary & secondry. The secondary will act as a confirmation before I act. I also look at other pair that Im trading. Eg: GBP/USD is also used a lfuture indicator for my EUR/USD.

The move on GBP usually will be reflected on the EUR. However this needs practice.

Thanks
Change Your Thinking. Change Your Life - JD
  • #395
  • Jul 30, 2006 5:49am Jul 30, 2006 5:49am
Orange,

Thanks for the sharing of Tiga! I studied it briefly and noticed the addition of the 9 SMA seems to work as a great exit on the GBP/USD 30 min. You are also right about the 21 RSI lagging.

However, this is not true for the EUR/USD which tends to trend smoother. If you look over your charts, the 21 RSI works excellent with the EURO 30min and 1hr. chart. The 9 SMA on the EURO 30 min tends to get you out prematurely as there will be a cross of the 5/9 but not the 12 and the currency will continue to drift into more profit if you would have stayed in.

I mainly trade the EUR/USD. I'm not as comfortable with the GBP as it is much choppier. It looks like your Tiga will definitely work for the GBP 30min. I will look into it further.
Would you mind going into how you trade it a bit more?

Thanks,

Bagovino
"Skills pay the bill's!"
  • #396
  • Jul 30, 2006 7:08am Jul 30, 2006 7:08am
Yo Orange,

thanks for the nice doc . Can you explain a little abt the 100/30 system whcih you mention also? MA's or? I searched this tread for info but no luck.

Thanks in advance

FT
  • #397
  • Edited 12:14pm Jul 30, 2006 11:43am | Edited 12:14pm
... Trend Manager looks nice as it is. Can you create it so any broker can be used as well? And maybe few added visable moving averages etc., for a tunnel and 5/8 - 5/12 crosses ... [as options] EA optional might be a very nice system, I think. Over [2k pips] in 3wks., system is worth looking at ... and prefecting. Thanks for the research ... can't wait to see what you come up with. Thank you for you're help with the [orangeroshan method] ... and or you're version!
  • #398
  • Jul 30, 2006 12:10pm Jul 30, 2006 12:10pm
I am sure he doesnt mind. The primary objective is to make money!

Quoting Gavner

P.S.-No offense to whoever wrote the version I started with, but I simply rewrote all of the code. I just do things one way, and the other author does them a little differently. Rewriting it just helps me keep things clear. Anyway, this is why the "author" tag will now just list me Hope the previous author doesn't object?
  • #399
  • Jul 30, 2006 12:18pm Jul 30, 2006 12:18pm
Gavner, The RSI filter is there to prevent whipsaws and false signals which I why I think it is important for entery along with the cross. Yes you might miss a few pips when the EMAs cross and the EA is waiting for the RSI, but it prevent false signals.

Quoting Gavner
So here's the deal guys: It was taking a while to make the EA because there are several different methods out there, and I was repeatedly getting confused about which method people want the EA to use. So, right now I'm trying to write it in a pretty customizable way, so you can choose whether you want 5/8LWMAs or 5/12EMAs or X/Y Simple/Exponential/Smoothed/LinearWeighted for your triggers. The problem is not coding at this point though, but rather the method. Here's a short list, hopefully you guys can help clarify so we can get this thing done soon (more pips for all ):
1) Using the RSI filter: I think filters are a good idea for any autotrading system, due to the high number of false signals that eat up profit. But here's the thing: RSI doesn't always cross 50 at the same time the triggerlines do(triggerline=general term for 5/12EMA or 5/8LWMA or whatever you prefer). Do we need both signals to enter? Do we need both to exit? I recommend requiring only the triggerline cross for entry (since the RSI usually follows within 1~2 bars) but waiting for RSI and triggerline signals to exit.
Thanks in advance and sorry for the delay,
Gavner
  • #400
  • Jul 30, 2006 12:20pm Jul 30, 2006 12:20pm
Quoting Yardie
Gavner, The RSI filter is there to prevent whipsaws and false signals which I why I think it is important for entery along with the cross. Yes you might miss a few pips when the EMAs cross and the EA is waiting for the RSI, but it prevent false signals.
I agree with this totally. I was looking at certain crosses and thinking ok, here's a trade. It would turn right around, and I'd get stopped out. Then I looked down and see RSI is on the wrong side of 50. It is definitely something to use.
JOHN 3:16
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