ET, which chart are you refering to ???
- #642
- Aug 5, 2006 9:20am Aug 5, 2006 9:20am
- Joined Mar 2006 | Status: live trader | 1,257 Posts
JOHN 3:16
Yupz, made 23 pips long & just bank-in 10pips Short. Now its bearish continuing with remaining 70% of my trade.
p/s: hope to be successful abdul wahub..
- #645
- Aug 6, 2006 12:13am Aug 6, 2006 12:13am
- Joined Mar 2006 | Status: live trader | 1,257 Posts
JOHN 3:16
- #647
- Aug 6, 2006 12:19am Aug 6, 2006 12:19am
- Joined Mar 2006 | Status: live trader | 1,257 Posts
JOHN 3:16
- #649
- Aug 6, 2006 5:23am Aug 6, 2006 5:23am
GP2X,
Thank you for your efforts on setting out an EA. I attached it to a GBPUSD demo account of mine and am about to start forward testing from tomorrow.
Without analysing the code in due depth I think you currently set 3 Profit Targets buy default:
40 pips (Bagovino)
80 pips (Sidus)
377 pips (Vegas)
with partial lots.
Since these are external variables the user can set the preferred ptofit targets.
If you could resolve attaching a Trailing Stop possibility as well, then the user could choose that in accordance his/her preferences.
As for trend checking, Vegas wrote his model in "4H Momentum Tunnel" that you can find here: http://www.forexfactory.com/forexfor...60&postcount=1
(It would be too long to repeat that here, sorry...)
I think using the distance changes between 5EMA and 12EMA would lead many false signals.
I will post my experiences with the forward test in a couple of days or weeks.
Thanks again
Thank you for your efforts on setting out an EA. I attached it to a GBPUSD demo account of mine and am about to start forward testing from tomorrow.
Without analysing the code in due depth I think you currently set 3 Profit Targets buy default:
40 pips (Bagovino)
80 pips (Sidus)
377 pips (Vegas)
with partial lots.
Since these are external variables the user can set the preferred ptofit targets.
If you could resolve attaching a Trailing Stop possibility as well, then the user could choose that in accordance his/her preferences.
As for trend checking, Vegas wrote his model in "4H Momentum Tunnel" that you can find here: http://www.forexfactory.com/forexfor...60&postcount=1
(It would be too long to repeat that here, sorry...)
I think using the distance changes between 5EMA and 12EMA would lead many false signals.
I will post my experiences with the forward test in a couple of days or weeks.
Thanks again
Attached is the first draft I did for this three phases system. The backward test doesn't look well. Because:
1. Most people are talking about enter signal. But the exit signal is not clear to me, although I read through all the posts. Currently the EA exits phase one when the H1 tunnel crossed to reverse direction.
2. I haven't found a good solution for SL, tried BrainTrend2StopLine, but it doesn't always give the support/resistance depends on the time to enter. I can enter the order at first then wait for the SL from BrainTrend2StopLine. But the value is too close to the price. Currently it just uses static SL.
3. The EA trade both directions. Some people mentioned to check the trend in H1, H4 or daily. But there is no clear description about how to do it. I need something very clear to be coded.
4. Some bad trades showed the enter/exit were too late. I am wondering if we can enter/exit when the distance between 5EMA and 12EMA start reducing.
5. I used the stepRSI indicator instead of RSI21, hope it doesn't matter.
I am a programmer, not a trader. To code the EA, I need more clear descriptions about each step under all situations. Please help.
Thanks!
Hello, Friends,
This is my first post on Forex Factory. I am glad to see the interest and involvement of everyone to produce a simple yet effective 5/12 system. My 5/12 setup offers the following. The RSI-Oscillator makes the 5/12 break a little more determinative and is confirmed by the Silver Channels and Cams.
The pix is last week's (Aug 4) closing. Can you see the cross at the pivot? The major trend is still up according to the RSI filter. A short term break downward may be in the offering. Anyway, the RSI-Oscillator will better determine its exact movement with confirmation, of course. Hope this helps.
COTtrader
Thanks for contributing. Its interesting, I have been testing around with RSI oscillators, too and once they break down, they pretty much filter out some bad trades on the 5/12 Bagovino Method....I'm not partying yet the method, but refining it. Once I have some reliable test results, I will post them here. I also have a LEADING Indicator from an Russian Mathematician that is very promising, once I see that it works well with the 5/12 method i will upload the indicator itself......I just don't want at this stage to have people "hurt themselves" if this stuff doesn't work
Could you upload the indicators you have on your charts? Is that a simple RSI? Or some special whiz thing?
Thanks for your contribution.
Peter.
(If somebody wants the indicators beforehand and play around with, I will be more than happy to upload, its only on your own risk)
Hi COTtrader:
Thanks for contributing. Its interesting, I have been testing around with RSI oscillators, too and once they break down, they pretty much filter out some bad trades on the 5/12 Bagovino Method....I'm not partying yet the method, but refining it. Once I have some reliable test results, I will post them here. I also have a LEADING Indicator from an Russian Mathematician that is very promising, once I see that it works well with the 5/12 method i will upload the indicator itself......I just don't want at this stage to have people "hurt themselves" if this stuff doesn't work
Could you upload the indicators you have on your charts? Is that a simple RSI? Or some special whiz thing?
Thanks for your contribution.
Peter.
(If somebody wants the indicators beforehand and play around with, I will be more than happy to upload, its only on your own risk)
Thanks,
David
I believe these are the 2 RSI indicators Co is referring to:
Hi COTtrader:
Thanks for contributing. Its interesting, I have been testing around with RSI oscillators, too and once they break down, they pretty much filter out some bad trades on the 5/12 Bagovino Method....I'm not partying yet the method, but refining it. Once I have some reliable test results, I will post them here. I also have a LEADING Indicator from an Russian Mathematician that is very promising, once I see that it works well with the 5/12 method i will upload the indicator itself......I just don't want at this stage to have people "hurt themselves" if this stuff doesn't work
Could you upload the indicators you have on your charts? Is that a simple RSI? Or some special whiz thing?
Thanks for your contribution.
Peter.
(If somebody wants the indicators beforehand and play around with, I will be more than happy to upload, its only on your own risk)
OK:
For the ones interested in the Russian indicator. Here is the story and what I have so far.
I searched for a day or two everything about LEADING indicators.
Then I found a thread on another forum (i have to search which one it was) where some traders where discussing this kind of problem. One of the posts explained about this Russian indicator that works "wonders"
. I've downloaded the indicator and have been playing around since then.
They have problems, like LAGGING indicators have theirs. The main problem is that they sometimes MIS-LEAD you! It is interesting to see that this indicator draws a blue line BEFOREHAND and I have seen the bars follow it pretty close ON SOME DAYS....on others (SPECIALLY NEWS!) this thing sucks. But I guess every mathematical tool gets puzzled with NEWS.
I have attached this indicator into the following charts/currencies:
EUR/USD -- on the 30 MIN chart with Bagovino settings, on the 1H chart with SIDUS original settings and on a 4H chart with KNIFE settings (this is for users of the privat section of this Forum - James16Group)
It worked best, so far on the 30 Min chart with the following settings: 36 hours, 8 m and iO=5. These aren't the original settings. I have tested several combinations, all on the same chart and these where the best in combination with the 30 Min chart.
To see if the "predictions" work, I took screenshots with the projections on it and have taken screenshots all along the way of the projected line, to have a visual confirmation of the path of the bars. I have not traded accordingly, but I could have made some extra pips - even trading COUNTERTREND (which is good for the TIGA ABDUL method that OrangeRoshan uses).
EUR/GBP -- only on 30 Min charts with Bagovino settings (after seeing that it works well on the EUR/USD counterpart i guessed it would sit well on this chart as well). I haven't collected too much information here, as I have with EUR/USD. So, still working.
USD/JPY -- same as EUR/USD - used it on 4H Knife, 1H SIDUS and 30M Bagovino - BUT results are somewhat prone to errors - I honestly don't know why.
HERE IT IS - READY FOR RELEASE. Let me know what you think. I hope it makes you money. On your own risk. I have not modified anything, just the settings once it is attached to the charts.
Maybe some Math wiz can figure out what it does exactly.
Wish you pips.
Peter.
For the ones interested in the Russian indicator. Here is the story and what I have so far.
I searched for a day or two everything about LEADING indicators.
Then I found a thread on another forum (i have to search which one it was) where some traders where discussing this kind of problem. One of the posts explained about this Russian indicator that works "wonders"
. I've downloaded the indicator and have been playing around since then.They have problems, like LAGGING indicators have theirs. The main problem is that they sometimes MIS-LEAD you! It is interesting to see that this indicator draws a blue line BEFOREHAND and I have seen the bars follow it pretty close ON SOME DAYS....on others (SPECIALLY NEWS!) this thing sucks. But I guess every mathematical tool gets puzzled with NEWS.
I have attached this indicator into the following charts/currencies:
EUR/USD -- on the 30 MIN chart with Bagovino settings, on the 1H chart with SIDUS original settings and on a 4H chart with KNIFE settings (this is for users of the privat section of this Forum - James16Group)
It worked best, so far on the 30 Min chart with the following settings: 36 hours, 8 m and iO=5. These aren't the original settings. I have tested several combinations, all on the same chart and these where the best in combination with the 30 Min chart.
To see if the "predictions" work, I took screenshots with the projections on it and have taken screenshots all along the way of the projected line, to have a visual confirmation of the path of the bars. I have not traded accordingly, but I could have made some extra pips - even trading COUNTERTREND (which is good for the TIGA ABDUL method that OrangeRoshan uses).
EUR/GBP -- only on 30 Min charts with Bagovino settings (after seeing that it works well on the EUR/USD counterpart i guessed it would sit well on this chart as well). I haven't collected too much information here, as I have with EUR/USD. So, still working.
USD/JPY -- same as EUR/USD - used it on 4H Knife, 1H SIDUS and 30M Bagovino - BUT results are somewhat prone to errors - I honestly don't know why.
HERE IT IS - READY FOR RELEASE. Let me know what you think. I hope it makes you money. On your own risk. I have not modified anything, just the settings once it is attached to the charts.
Maybe some Math wiz can figure out what it does exactly.
Wish you pips.
Peter.
Thanks Sidus,
I'm just starting out after making some beginner mistakes and reading the wrong books etc. I've looked at the method you posted. I will try it out and get back to you. It looks simple and easy to follow.
I'm just starting out after making some beginner mistakes and reading the wrong books etc. I've looked at the method you posted. I will try it out and get back to you. It looks simple and easy to follow.
