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Swing-Hi trading System

  • #221
  • Dec 17, 2014 5:22pm Dec 17, 2014 5:22pm
Quoting shoot2scoot
{quote} Mohsin I have heard of something similar. Not sure what it's relevance is to this strategy though? I am slowing trading down now until the second week of Jan as the markets are losing reliability in the run up to the Christmas break (and also loads of news). I will be watching but rarely committing my money. Good luck all and have a great break.
Same here. Closing all trades on Friday or certain $ target for account which occurs first.
Winners add to winning trades!
  • #222
  • Edited Dec 19, 2014 2:15am Dec 18, 2014 7:23am | Edited Dec 19, 2014 2:15am
Must admit that I did take this euro h1 tf trade despite losing 4 in a row over the last two days. I took it because i could get such a preferential entry with such a short SL and great R:R. Currently up 40 pips with SL at BE

Attached Image


Update: eventually exited this trade after 3+ hours for a healthy 48 pips. TP has still not been hit but if you look at H-4 tf this pair is just waiting for another fast leg down.

Attached Image
  • #223
  • Dec 18, 2014 8:25am Dec 18, 2014 8:25am
Quote
Must admit that I did take this euro h1 tf trade despite losing 4 in a row over the last two days. I took it because i could get such a preferential entry with such a short SL and great R:R. Currently up 40 pips with SL at BE
i also ride the rally
  • #224
  • Edited 4:10am Dec 19, 2014 3:06am | Edited 4:10am
watching this possible long on u/cad h-1 tf. just waiting for a small pull back in price below the open of this bar as per the strategy guidance.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 20 KB


Update: did not happen. Also looking at other tfs we are bumping up at daily pivot and other key resistance so medium term trend is likely to continue short.
  • #225
  • Dec 19, 2014 3:38am Dec 19, 2014 3:38am
happy trading
  • #226
  • Dec 20, 2014 1:46pm Dec 20, 2014 1:46pm
@ pipstroll,@shoot2scoot

also check that thread
http://www.forexfactory.com/showthre...=420159&page=2
  • #227
  • Dec 22, 2014 2:08am Dec 22, 2014 2:08am
Quoting mohsin360
@ pipstroll,@shoot2scoot also check that thread http://www.forexfactory.com/showthre...=420159&page=2
Thanks, Mohsin

Reading...
  • #228
  • Dec 22, 2014 7:18am Dec 22, 2014 7:18am
Quoting safv6
Thanks for sharing, Obi! Always good to see some new ideas. Attached is a very basic EA that is supposed to do exactly what you said. I hope it will help in testing. This is it, right?: IF previous candle is bullish AND 2nd previous candle is bearish AND previous candle low is below 2nd previous candle low AND previous candle high is above 2nd previous candle high AND price is currently at previous candle close THEN BUY (and the other way around for sells), right? Close profitable trades every bar after 3 bars https://fxdreema.com/shared/CinKNFI1d...
thanks Safv6 for the EA but the EA does not follow the Idea here.
  • #229
  • Edited 12:32pm Dec 27, 2014 11:12am | Edited 12:32pm
Quoting Obi
{quote} thanks Safv6 for the EA but the EA does not follow the Idea here.
Hi guys, the best holiday wishes to you all! Obi, I'm sorry for the late response. I'm gonna assume you are referring to the pending orders. I used them to save precious system resources and I think in this case it's basically the same thing as ordering at market. When all conditions are met, the EA will just order a stop or limit order at the price where the previous candle closed, one tick ago. If this is not what you meant, could you please explain it again?

A few weeks ago I made two new versions, but I didn't post them, because it's hard to get this strategy to be profitable and reliable without an extra filter. A few pages back in this thread I think Obi said he wouldn't appreciate people trying to discuss extra filters and I want to respect that, but for anyone who's interested, I suggest you try trading currencies only during their own session, using the time filter. For example, I think trading EURGBP on a lower TF at 8:00pm EST doesn't make much sense. Also I'm affraid closing profitable trades after "n" bars or period won't do you any good either. Remove the 700 setting if you agree! It will boost your results.

Trading currencies in their own sessions seems to cause way less draw down, less losses and in the end we make the same money with half the trades or even a lot less than that, thus tying up less of our margin. Below you'll find an updated version of the EA. I'm sure it can be done better, but it does the job for me. I'm sure if you just pop it on the chart it will make profit in the long term. I personally like to have a bias before I put any short-term strategy EA on a chart though, but that's because I'm uber-conservative. If you want to know where I get this bias, ask. The EA is defaultly set to 0.01 lotsize for your protection. The EA has "trade mode" and "alert mode". And here's what it looks like on the inside: https://fxdreema.com/shared/uWHYf602

I strongly believe that MT4 strategy tester results don't represent reality, even with tick data, but because it's too early to share my demo results and for a general idea of performance, I can't resist but posting the image below. The top one is the EA OOTB on EURUSD H1, over 2014, trading 24/5 and lower one is only trading from 02:00am EST to 11:00am EST (sl=20,tp=5,spread=10 <--- I don't like the ratio, but didn't get around to try something else! I was kinda hoping that's where you guys would come in). The letters in the middle are the months. Keep in mind the greater half of 2014 has been difficult for a lot of trading strategies. The last few months of the year, we have lift off.

This EA, was made to aid in testing the strategy and to help find the optimal tp/sl levels for each pair, on each timeframe, for each time of day, in each market condition! Useful or useless, you decide !

Like I said, there is something there. Ideas for improvement, preferred timeframes or optimised sl/tp levels anyone?
This is working out quite nicely! Thanks again Obi!

Cheers!

Saf
Attached Image (click to enlarge)
Click to Enlarge Name: OBI_CRAPPERGY_TESTER.jpg Size: 182 KB
Attached File(s)
File Type: mq4 Obi_EA_0.26.mq4   189 KB | 366 downloads
  • #230
  • Dec 27, 2014 3:11pm Dec 27, 2014 3:11pm
Quoting safv6
{quote} Hi guys, the best holiday wishes to you all! Obi, I'm sorry for the late response. I'm gonna assume you are referring to the pending orders. I used them to save precious system resources and I think in this case it's basically the same thing as ordering at market. When all conditions are met, the EA will just order a stop or limit order at the price where the previous candle closed, one tick ago. If this is not what you meant, could you please explain it again? A few weeks ago I made two new versions, but I didn't post them, because it's...

Hi

Thanks for your work
please tell me , it can work in 5 digit broker without modifying ?

about default time from 02:00am EST to 11:00am EST or i need to change ?
  • #231
  • Dec 28, 2014 4:09am Dec 28, 2014 4:09am
Alright guys, it seems ordering at market instead of pending, seems to work great too!
So yeah, here's a modified version that places the orders at market instead of ordering a LMT or STP!

Again, even though the EA makes pips, if I interpreted Obi's rules incorrectly, please correct me!

Saf
Attached File(s)
File Type: mq4 Obi_EA_@market_0.26.mq4   213 KB | 368 downloads
  • #232
  • Dec 28, 2014 9:33am Dec 28, 2014 9:33am
@ pipstroll

what about your first indicator ?

should i put it on only 1 chart ? or must all chart ?

if i attach it on daily TF , It will give me signal for other TF like 15 min and other ?
  • #233
  • Dec 29, 2014 1:49am Dec 29, 2014 1:49am
@ bassemmixez
for first one "NO"
  • #234
  • Edited 12:28pm Dec 29, 2014 10:38am | Edited 12:28pm
Quoting bassemmixez
{quote} Hi Thanks for your work please tell me , it can work in 5 digit broker without modifying ? about default time from 02:00am EST to 11:00am EST or i need to change ?
Hi man, I overlooked your reply. Yes it works with 5-decimal brokers just fine. And well, I'm not sure if I get your question about the trading hours, but here's some info that might answer your question. By default the EA trades 24/5. If you want to use a time filter, which I would strongly advise, you can turn it on by entering a "from" "until" time in the EA settings. The time filter is set to your broker's time by default. If you want to use your local time, then change "server" to "local" in the settings menu of the EA. My broker uses EST, so I day trade pairs that contain a currency that belongs in the London session between 2am and about 11am. These times aren't written in stone of course.
On a side note, I have been trying to figger out ideal tp/sl levels and WOW!

I hope this answers your question!
Happy holidays!

Saf

[edit]Obi, it's not my intention to hijack your thread by the way. I'm just a little excited If any of my posts are not in compliance with the thread's idea and the strategy, just remove them [/edit]
  • #235
  • Dec 30, 2014 1:52am Dec 30, 2014 1:52am
Quoting safv6
{quote} Obi, it's not my intention to hijack your thread by the way. I'm just a little excited If any of my posts are not in compliance with the thread's idea and the strategy, just remove them
You are doing a very good job. but I do not think the EA is trading the strategy correctly as it has to wait for the price to break higher than last candle close before opening a sell trade and vice-verse, Though I already have trading System that works very good for me, I'm going to trade this system manually next year 2015 to raise $1000 to at least $50 000.
  • #236
  • Dec 30, 2014 2:38am Dec 30, 2014 2:38am
Quoting Obi
{quote} You are doing a very good job. but I do not think the EA is trading the strategy correctly as it has to wait for the price to break higher than last candle close before opening a sell trade and vice-verse, Though I already have trading System that works very good for me, I'm going to trade this system manually next year 2015 to raise $1000 to at least $50 000.
Thanks for your kind words, Obi. Yeah I see what you mean, that's why I also posted a version above that uses market orders instead of pending orders and it seems to work better indeed. Thanks for the heads up!

And thanks again for the awesome strategy man! We're gonna have some fun with this one for sure!

I sincerely hope you'll realise your goal!
Best regards,

Saf
  • #237
  • Edited 7:58am Jan 5, 2015 5:29am | Edited 7:58am
Am short the AUD/USD. I took 50% profit when TP1 was hit and moved my SL to BE.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM15.png Size: 23 KB


Update: TP2 not hit, SL at BE hit

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD2M15.png Size: 24 KB
  • #238
  • Edited 7:56am Jan 5, 2015 5:52am | Edited 7:56am
Did look at this pair but but there was no pullback at the start of the entry candle so i did not trade this setup:

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 17 KB
  • #239
  • May 14, 2015 8:44pm May 14, 2015 8:44pm
Quoting Obi
{quote} You are doing a very good job. but I do not think the EA is trading the strategy correctly as it has to wait for the price to break higher than last candle close before opening a sell trade and vice-verse, Though I already have trading System that works very good for me, I'm going to trade this system manually next year 2015 to raise $1000 to at least $50 000.
how has the trading of the system this year been?
  • #240
  • Mar 7, 2020 3:45pm Mar 7, 2020 3:45pm
The system for deleting messages should be fast.
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