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Semi automating the 45 Combo System

  • #1
  • First Post: Mar 9, 2015 7:12pm Mar 9, 2015 7:12pm
After finding the 45 Combo System (http://www.forexfactory.com/showthread.php?t=522680) quite a few weeks back, and now trading it with some degree of success, I decided to take it the next step further and semi automate most of the elements that make up this system.

This semi automation comes in the form of an EA, which I have called Patttern Player, and I am releasing it for free on to Forex Factory for everyone to use.

It is semi automated, as it does everything, except place the actual trade. It will scan the price action looking for a valid setup, alert you when these occur, provide a range of tools to help you make good decisions, and manage the trade after you open it. BUT it is up to you to press the button and place the trade.

My plan is to stay true to this system, as in its purest form it works, and works well. In line with this, please don't ask for changes to the EA or to have extra indicators added to signals etc. If you want to customise it to your own requirements then please PM me. Having said that, if people have good ideas for improving the EA then I will consider them, but make no promises that they will ever be included in the EA.


If you are new to this system, then please take the time to read through the 45 Combo Thread and the attached summary PDF, as I will not be answering questions about how to trade this system. This has been very thoroughly covered by FxTycoon on the 45 Combo thread.

The next post will cover the EA and its use.
  • #2
  • Mar 10, 2015 12:14am Mar 10, 2015 12:14am
Pattern Player Scalper is a feature rich EA that provides all the tools you need to trade the 45 Combo System directly at hand.
Key Features are:
1) Display historical trade setup signals on the chart. This are designated by a circle with a 1 in it.
2) Trade Session lines showing Asia, London and US start time
3) Array of on screen buttons that provide all the key features within easy reach.
4) Backtesting - The EA has buttons for trade placement and closure, these are fully operational in the back tester, so now you can practiice trading the system till such point as you reach a high level of skill and acceptable results. Once you achieve this, then you will have a lot more confidence when trading live.

In the attached zip file you will find the
1) Pattern Player EA
2) 2 x indicators (Moving Averages & MACD). These are for chart display purposes and not required by the EA
3) Scalper template


This is what your chart should like.
http://c2n.me/3dPM75s.png


In the next post I will provide an overview of the features and buttons.

Good trading.
Attached File(s)
File Type: zip P4X-PatternPlayerScalper EA v1.03.zip   343 KB | 953 downloads
  • #3
  • Mar 10, 2015 12:15am Mar 10, 2015 12:15am
Key Features of the EA
1) Ability to scan the market looking for a valid setup and issue an alert once one is found.
2) Ability to show all historical signals on the chart.
3) Ability to set audible alert periods. This allows you to control which hours of the day an audible alert is issued. All other alerts will be issued, just no sound so you can sleep well at night if you leave your PC running
4) Ability to set a Breakeven amount (default 15 pips)
5) Ability to set a Profit Lock. Default 1 pip. This works by monitoring the trade, and moving stoploss to a guaranteed win position. To explain further, the TP for this system is 20 pips, so with a 1 pip Profit Lock, the EA will move the stoploss to 18 pips once price moves to 19 pips profit. The idea is that once price is within the profitlock distance of the EA (ie 19 pips, or 1 pip from TP), the stoploss is moved to 18 pips. This gives price a 1 pip range up and 1 pip range down to move. This locks in your profit and you will exit for either 18 or 20 pips. To provide another example if the Profit Lock was 2 pips, and TP was 20, then when the trade was 18 pips in profit the stoploss would move to 18, providing a 2 pip up and down range. The trade would then either continue to go up and exit for the full 20, or if it pulled back you would exit for 16 pips. This stops the times when price misses your TP by 1 pip or less, and the falls back and takes you out at BE or a full stop. All in all a great future for locking in profits.
6) Automatic screen shot for each trade entry (MQL4/Files). This is great for doing reviews of all trade entries.
7) Ability to show round number, and 20 levels. When this is turned on (which it is by default), normal round number levels (eg 1.1000) are designated by a dashed line, major round number levels are designated by a thick line (eg 1.0000), and 20 levels are designated by a dotted line (eg 1.1020, 1.1040 etc). The dotted lines can be very useful for getting a perspective on price volatility, as when the market is slow on the M1 charts a 10 pip move can at times look huge. However by using the 20 levels they help you to quickly ascertain that in fact it is not that significant.

Top Left information panel.
1) Current broker time and broker's GMT offset
2) The designated trading session times set by the trades via the input options, and if the trade session is acvtive or not.
3) Spread monitor. Showing the current, min, max and average spread
4) Average daily ranges - Showing, today, yesterday and 5 day ranges.
5) Trading results information display results in Pips, Dollars, and Percent.
There is 4 results related displays
a) Today [TP] - Today This Pair
b) Today [AP] - Today All Pairs
c) Monthly [TP] - Monthly This Pair
d) Monthly [AP] - Monthly All Pairs
6) When a trade is open, it will also show open trade information relating to that pair.

Top Right information panel.
1) Current Price in 4 digit format, and 5 digit as a subscript
2) Current Spread.
3) Room Up/Room Down. This shows how far 'current' price movement has moved in relation to the 5 day average range. Eg if ADR was 100, and price moved 80 pips up. The Room Up would be 20, and Room Down would be 180.
4) Trading Time - 2 Red dots means not the designated trading session. 1 Red / 1 Green means 1 hour before designated trading session, 2 Greens designated trading session.
5) MTF Trends - This shows the MACD Main trend for the M15, H1, H4 and D1 time frames, as well as shows the number of bars the trend has been in place. When the H4 and D1 trends are in alignment a label will be displayed advising that there is Multi time frame alignment in trend direction.

Button Panels.
The ability to add on screen buttons must be one of the best advancements in the newer versions of MT4. This truly opens up a whole range of features to be added on screen
1) Hide / Show Buttons - ability to turn on/off button panels
2) MM Information - Information window showing lot sizing for a 10 pip stop and usign 1% MM.
3) Lot Sizing - clicking on this button will display a drop down list with a range of lot sizes. The +/- buttons allow further adjustment of the lot size. With the dark blue button adjusting in 0.1 lots, and the light blue button adjusting on 0.01 lots.
4) TP1 Only Clicking on this button allows the switching between 1 Take Profit or 2 Take Profits when each trade is placed. Note, when using 2 Take Profits the displayed lot size is used for both trades. Further the scalping system only uses 1 TP.
5) S/Shot Screen shot button images are stored in MQL4/Files
6) Up Alert / Lw Alert This draws a horizontal alert line above (UP), Below (LW) current price. Once price hits this line an alert is issued. You can add as many alert lines to your chart as you wish, as well all alert lines can be recycled. For an UP alert line simply drag above current price and it will become active again. Vice versa for LW.
7) Clear Alert Lines Exactly as the name suggests. Clicking on this will delete all alert lines
8) Show Closed Trades This button will show on the chart all trades matching Pattern Players Magic Number and what the result is. It does this by showing the pip result for each trade, and by drawing a coloured box (red loss / green win). Great for reviewing all your trades.
9) H1, H4, D1 buttons these buttons when clicked will show the current H1, H4 or D1 candle on the right side of the chart. Personally I use the D1, as it is a great way to see how the current daily candle is shaping up. This level of detail can be lost at times on the M1 chart.
10) [H] H1, [H] H4, [H] D1 these buttons when clicked will display historical H1, H4, D1 candles as a lightly shaded overlay on the M1 price. For M1 scalping getting a perspective of H1 candles can at times be very useful

Trade Button Panel
1) Buy/Sell buttons These place an at market trade using the displayed lot size. A message requesting confirmation is displayed before the trade is placed. If TP 1&2 is turned on, then the same lot sizing will be used for both trades.
2) Close Trades - Close all open trades for this pair that have been opened by Pattern Player
3) P ON / P OFF This button allows you to control if the Trade Button Panel is permanently on. That is using the Hide/Show button does not affect the Trade Button Panel.
4) Lot Sizing Clicking on this button will display a drop down list for quick lot sizing changes.

  • #4
  • Edited 2:05pm Mar 10, 2015 9:50am | Edited 2:05pm
Hi Pro4, I am truly very impressed of your skill... I am trading the Combo system, and so i was curious to see what you put on this EA...
These Buttons features are really amazing...and the possibility to toggle them on and off ....just super....
One thing, and actually i think is the most important ...trading this system... you surely know that we use not to buy/sell at market price but with a stop order with a buffer of 0.7 , and to do that, we normally use the Depth of the Market window built in the MT4, so your buy/sell buttons with also an extra confirmation turn out to be too slow and not useful... Love the possibility to shot the screen the alert lines and all the other informations except the MTF trends that actually can only create doubts...Anyway this is just the first impression and i am going to see what can be customized...like colours lines etc...
thanks in any case for your effort and to offer this here free...
  • #5
  • Mar 10, 2015 5:32pm Mar 10, 2015 5:32pm
Does indeed look and work well. I traded with it last night. I particularly like the ability to change lot sizes quickly.
One small problem I noticed..My broker GMT+3, which EA detects correctly, but start of London and US times are out by 1 hr.
Asian is right.
Also hidden SL and TP would be nice.
We all see the same dream, just from different viewpoints
  • #6
  • Mar 11, 2015 3:07am Mar 11, 2015 3:07am
Quoting Pipsverdi
Hi Pro4, I am truly very impressed of your skill... I am trading the Combo system, and so i was curious to see what you put on this EA... These Buttons features are really amazing...and the possibility to toggle them on and off ....just super.... One thing, and actually i think is the most important ...trading this system... you surely know that we use not to buy/sell at market price but with a stop order with a buffer of 0.7 , and to do that, we normally use the Depth of the Market window built in the MT4, so your buy/sell buttons with also an...
Thank you for your kind words, I am glad to hear you like it and find it useful.

You can turn off the MTF trends by setting this option (Display_TrendGraphics) to False.

To be honest I never read the entire the entire thread, and so the system as coded was based on the details in the first page of the thread, which never talked about the use of a pending Order. I see however, that later there was the inclusion of the pending order. Personally I have never used it, and at this point couldn't see it that greatly improving my trading results with this system. I will keep it mind however, as I keep trading it.
  • #7
  • Mar 11, 2015 3:08am Mar 11, 2015 3:08am
Quoting Ironbark
Does indeed look and work well. I traded with it last night. I particularly like the ability to change lot sizes quickly. One small problem I noticed..My broker GMT+3, which EA detects correctly, but start of London and US times are out by 1 hr. Asian is right. Also hidden SL and TP would be nice.
Thanks for that Feedback, I have reviewed the trading session times code, and it will be fixed in the next release. Hidden TP/SL are also a relatively simple addition to the existing order management code, so I will add this into the next release.
  • #8
  • Mar 16, 2015 4:41pm Mar 16, 2015 4:41pm
Hi. I have to say that at first I discarded your post announcing this EA in Ty's thread because I thought it was a robot, and a robot as such would be a total failure for the 45 combo. Then today just out of curiosity I had a look at this thread, and I can't deny I'm intrigued by your idea. From my uderstanding this would only help handling the placement of the orders and the exits, yet still leaving total autonomy to the trader, as it should be.
If you don't mind, I would like to suggest something which could be a turning point to trade the 45 combo as it's supposed to be. I will go over the features that I read in your post.
Key features:
1) Ability to scan the market looking for a valid setup and issue an alert once one is found. (imho this could be counter productive, as the moment when a signal qualifies, then it could be too late to place the order)
2) Ability to show all historical signals on the chart. (it could be handy)
3) Ability to set audible alert periods. This allows you to control which hours of the day an audible alert is issued. All other alerts will be issued, just no sound so you can sleep well at night if you leave your PC running (maybe not handy for the same reason as in point 1)
4) Ability to set a Breakeven amount (default 15 pips) (handy)
5) Ability to set a Profit Lock. Default 1 pip.(handy)
6) Automatic screen shot for each trade entry (MQL4/Files). This is great for doing reviews of all trade entries.(handy)
7) Ability to show round number, and 20 levels. (this would need modified as we need 10 levels, not 20, to easily assess the length of the swing)

Now my suggestion for what I would call the very cherry on the case: a button to place, at the moment the bar closes, a pending order shifted by 0,7 pips above the close for longs and 0.7 pips below the close for shorts. I'm not sure it this is even possible coding wise speaking though...
Also, another helpful feature: the stop and target levels should show in pips, as the indicator provided in the first post does (I'm not sure if you did this already as I haven't tested your EA. In tha case please discard the last rqeuest).
I'll be checking your thread to see if there's any news regarding what I'm humbling suggesting. Thanks in advance.
  • #9
  • Mar 17, 2015 12:42am Mar 17, 2015 12:42am
Quoting Hammertop
Hi. I have to say that at first I discarded your post announcing this EA in Ty's thread because I thought it was a robot, and a robot as such would be a total failure for the 45 combo. Then today just out of curiosity I had a look at this thread, and I can't deny I'm intrigued by your idea. From my uderstanding this would only help handling the placement of the orders and the exits, yet still leaving total autonomy to the trader, as it should be.
Correct this is the whole plan with Pattern Player. Have all the tools at hand to assist with trading, but leave the actual execution up to the trader.

Quoting Hammertop
Ability to show round number, and 20 levels. (this would need modified as we need 10 levels, not 20, to easily assess the length of the swing) Now my suggestion for what I would call the very cherry on the case: a button to place, at the moment the bar closes, a pending order shifted by 0,7 pips above the close for longs and 0.7 pips below the close for shorts. I'm not sure it this is even possible coding wise speaking though... Also, another helpful feature: the stop and target levels should show in pips, as the indicator provided in the first...
I apprecaite all suggestions and feedback, but as per my original post I am not promising to make any changes based on users suggestions. Having said that I will add in 2 additional buttons that will allow for the placement of the Stop Order. From my own trading of this system over the past few weeks, I do not find this to be a critical element of the system, and trades can be executed just as successfully using at market orders with the Buy/Sell buttons.

As for the Stop and Target these are in pips, and in fact the EA draws a line where the TP and SL levels are and shows the Risk to Reward for the trade, plus how far price is from each line.

I should have an updated version of the EA available within the next few days. I have been busy working on an adjunct to this system that I think many users will find to be indispensable. I will make a post in this thread to let users following this thread knowwhen it is released.
  • #10
  • Mar 17, 2015 3:46am Mar 17, 2015 3:46am
Please see this post, for a new peice of software called Pattern Scanner. This will scan multiple time frames and multiple pairs looking for trade signals.
http://www.forexfactory.com/showthre...21#post8142021
  • #11
  • Mar 17, 2015 8:36am Mar 17, 2015 8:36am
4 very good trade setups today.
2 on the EUR Long and 2 on the GBP Short.
4 trades 3 wins / 1 loss.

Pattern Scanner picked up the m5 Signals
http://c2n.me/3emiuzL.png
  • #12
  • Mar 17, 2015 8:52am Mar 17, 2015 8:52am
How come 5 minute TF the 45combo is only on 1 minute?
  • #13
  • Mar 17, 2015 9:01am Mar 17, 2015 9:01am
Quoting NovaBob
How come 5 minute TF the 45combo is only on 1 minute?
This system works, and works well on all time frames. There is no restriction to trading other time frames, the originator trades M1 specifically only because he likes to get in and out, and get his trading done within 3 hours each day.
  • #14
  • Mar 17, 2015 11:29am Mar 17, 2015 11:29am
Quoting Pro4xTrading
{quote} This system works, and works well on all time frames. There is no restriction to trading other time frames, the originator trades M1 specifically only because he likes to get in and out, and get his trading done within 3 hours each day.
I'm afraid I have to disagree on this point. This has been said several times on the main thread... The success of it is not in the entries but in the money management, so finding more signals on a lot of pairs and TF's doesn't necessarily increase the amount of final pips if a sensible management is not used. Also stops and targets would necessarily need adjustment on each pair and on each TF that hasn't been tested already: a gigantic task! Who's up for it? Also the fact that Fx-Tycoon only trades 3 hours is part of the management itself. There could be much more to be said, but I think the idea is clear enough... I have tried the EA as it is today, and although its a good looking piece of software, all that info provided is not needed for sure to trade the 45. Actually the opposite...
As i said, it would be nice to have the option to open trades with a 0.7 buffer, which as well is something that makes me disagree with your statement
Quoting Pro4xTrading
{quote}I do not find this to be a critical element of the system, and trades can be executed just as successfully using at market orders with the Buy/Sell buttons.
It is actually a critical point, believe me, as it can avoid quite a few losers. Just my 2c
  • #15
  • Mar 17, 2015 11:58am Mar 17, 2015 11:58am
I think you should change the title of the forum. If you're not going to follow the guidelines that tycoon put forward then it's not a semi-automatic trading system of the 45 combo. You certainly could make two systems, one that follow the guidelines and the other that does whatever you want.
  • #16
  • Mar 17, 2015 1:25pm Mar 17, 2015 1:25pm
Thanks a lot for sharing this...But,one question: Will it be hard do do this EA fully automated? Thanks,again...
  • #17
  • Mar 17, 2015 3:35pm Mar 17, 2015 3:35pm
Quoting bazze
Thanks a lot for sharing this...But,one question: Will it be hard do do this EA fully automated? Thanks,again...
  • #18
  • Mar 17, 2015 11:49pm Mar 17, 2015 11:49pm
Quoting bazze
Thanks a lot for sharing this...But,one question: Will it be hard do do this EA fully automated? Thanks,again...
it is not hard to automate any system.

Having said that the difficulty is controlling when and how the EA trades. What I mean by that is a person can apply additional information filters that cannot always be coded (ie discretion). This later part is one of the critical aspects of many system, as a good trader will often outperform a good EA due to this discretion element.

There are defintely 100% rule based mechanical system that are coded into EA's, but I haven't been able to get this system to that point.

A member on this forum has contacted me and paid to have the system coded into an EA, the results so far have been ok, but not as good as manually trading. The primary reason for this that one of the critical element is clear order flow with good momentum. This is very easy to see visually, but not so easy to code.
  • #19
  • Mar 18, 2015 12:13am Mar 18, 2015 12:13am
Quoting Hammertop
{quote} I'm afraid I have to disagree on this point. This has been said several times on the main thread... The success of it is not in the entries but in the money management, so finding more signals on a lot of pairs and TF's doesn't necessarily increase the amount of final pips if a sensible management is not used. Also stops and targets would necessarily need adjustment on each pair and on each TF that hasn't been tested already: a gigantic task! Who's up for it? Also the fact that Fx-Tycoon only trades 3 hours is part of the management itself....
This is what makes trading so dynamic, and interesing, we all have our views and ways we like to trade. There really is no right or wrong, just a matter of the results that are being achieved. If they are good for you then great, if they aren't then review as to why.

For me I am not looking at taking every signal, what I am looking for is good moment, with clear order flow. If I find this on any time frame then I will look to trade it. Unlinke TY, I also add in higher time frame S/R as part of the entry decision making process.


Quoting Hammertop
{quote}As i said, it would be nice to have the option to open trades with a 0.7 buffer, which as well is something that makes me disagree with your statement {quote} It is actually a critical point, believe me, as it can avoid quite a few losers. Just my 2c
The new version which I am in the process of putting the finishng touches on, will have two additional buttons, these will allow for the placement of the pending order. This will then give the trader the option of using a pending or market order.
  • #20
  • Mar 18, 2015 7:32am Mar 18, 2015 7:32am
Quoting Pro4xTrading
{quote} This is what makes trading so dynamic, and interesing, we all have our views and ways we like to trade. There really is no right or wrong, just a matter of the results that are being achieved.
Indeed, but it's ok, if you are young, but who can sit and watch screens 24 hours? It's simply impossible, even 8 hours none stop hurts..

So, I'm for one that says EA.. Just set TP SL and take all signals, don't see any problems.. Maybe even better Idea

to have Fully/Semi Auto option, like when you at the screen you trade manually, but while you sleep? Let the robot trade..

Thank you.
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