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  • #361
  • Aug 2, 2015 3:00pm Aug 2, 2015 3:00pm
strong movements in short time like last friday morning, trip up many indicators.... the same can be said for long periods of little to no movement, like after the new york close....

signals at the close, or near close, of friday's session can be thrown an additional loop by high spreads.... the effect is far worse if the indicator uses the 0 bar....

if the spread widens to say 40 pips, it appears to the indicator that the price has moved a true 20 pips....

the indicator below is the standard qqe with the zigzag factor i've mention before....

both the 60 and 240 eurjpy charts had signals going into friday's close.... usually those signals should be avoided unless you are comfortable with weekend gaps....

do not call this indicator via icustom for use in an ea...... i'll explain why later.....h
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Attached Image (click to enlarge)
Click to Enlarge Name: zz risk.jpg Size: 347 KB
Attached File(s)
File Type: mq4 QQE w zigzag alerts.mq4   5 KB | 637 downloads
File Type: ex4 QQE w zigzag alerts.ex4   13 KB | 524 downloads
to trade and code, keep both simple... no call to impress....h
  • #362
  • Aug 3, 2015 9:19am Aug 3, 2015 9:19am
something the rugrats and i use.... they seldom enter new orders unless the zigzag supports it and usually after a tsr color change, alma or similar.... they are only trying to make 1$ a trade..... this seems to help reinforce their ability to focus on swings relative to their orders positions....

it's coded for the 240 chart which is what they use the most..... the 240 charts movement can make or break ya....

primarily intended for nfa no hedge accounts.... it's the common zigzag which will look for orders on the symbol... it looks for orders on the symbol and will alert when they have a zigzag leg pointing in the orders direction....

such as if your short and the last leg was up, it will alert non stop when a new leg is down.... change the charts time frame or turn off the alerts to silence it....

it plots the average entry.... again, this is meant for nfa no hedge accounts.....

i edited the code to remove some features, their version has things designed for 6 thru 10 year old dizzy headed little girls.... but it still should work as planned.....

will begin uploading all indicators/ea's to post 1..... or at least until i fill the attachment limit, if one.... there will be a lot.....h
//------
Attached Image (click to enlarge)
Click to Enlarge Name: hey dude check your orders.png Size: 71 KB
to trade and code, keep both simple... no call to impress....h
  • #363
  • Aug 3, 2015 9:46am Aug 3, 2015 9:46am
Hi Hayseed...this is a great thread you have which is simple and to the point. I also love the vids you have with the girls. I'm trying to do the same thing with my daughter who is 8 and she seems to catch on quickly too. My question is would you by chance share the indicator in the vid you made about a year ago that will show profit from when you have a buy entry to the Sell entry? I know it was awhile ago you may not have it anymore but I figured it won't hurt to ask. Below is the vid with you and Makayla using it. Thank U.....subscribed👍

Inserted Video
K.I.S.S.
  • #364
  • Aug 3, 2015 12:43pm Aug 3, 2015 12:43pm
Quoting fmsfx
Hi Hayseed...this is a great thread you have which is simple and to the point. I also love the vids you have with the girls. I'm trying to do the same thing with my daughter who is 8 and she seems to catch on quickly too. I know it was awhile ago you may not have it anymore but I figured it won't hurt to ask.
//----

hey fmsfx..... will upload an more accurate version to post 1 in a minute.... 21vs7 asked in a pm if the actual entry and exit would not be 2 bars later which would throw the profit and pips off.... it would be and it will.... so i rewrote it to reflect the actual entry and exits.....

peyton was only 5 back then.... and really only focusing on color changes or indicators crossing levels.... being accurate with dollars and pips was not as important as the red, green, buy, sell and so on.... it would have confused the heck out of her if i mentioned color change vs shift, bars and prices..... even now, she really does not fully comprehend bid, ask, bars and such.... but she can and does buy or sell on traffic light type signals when prompted by alerts....

makayla,8, and mckenzie,11, are a little more advanced.... they also are limited beyond using alerts as prompts or dashboards....

8 is probably the perfect age.... if you use alerts, let her read them to you..... and be sure to include your daughters name in them.... when the computer acknowledges them by name, they feel a more important part of the deal.....h

//-----
Attached Image(s) (click to enlarge)
Click to Enlarge Name: peyton 2.png Size: 65 KB
Click to Enlarge Name: peyton.png Size: 181 KB
to trade and code, keep both simple... no call to impress....h
  • #365
  • Aug 3, 2015 12:48pm Aug 3, 2015 12:48pm
Quoting hayseed
{quote} //---- hey fmsfx..... will upload an more accurate version to post 1 in a minute.... 21vs7 asked in a pm if the actual entry and exit would not be 2 bars later which would throw the profit and pips off.... it would be and it will.... so i rewrote it to reflect the actual entry and exits..... peyton was only 5 back then.... and really only focusing on color changes or indicators crossing levels.... being accurate with dollars and pips was not as important as the red, green, buy, sell and so on.... it would have confused the heck out of her...
Thank you Hayseed....I really like the idea of adding her name to the alert popup window...she will be very excited to see that for sure...your the best.
K.I.S.S.
  • #366
  • Aug 6, 2015 7:24pm Aug 6, 2015 7:24pm
i was referring to your post back in 2010:
http://www.forexfactory.com/showthre...70#post3763870

would you please explain in an example or a chart?
//-----

hey zghnno.... ok.... now i understand what your referring to....

if you look close in that chart it shows an ea, 'maintain stop orders'..... suppose you had a new buy signal on the weekly or monthly chart.... suppose you placed a buy order and your target was 900 pips.... suppose your lot size was realistic and the price moved 200 pips in your favor.... your target is still 700 pips away, what would you do at that point....

the 'maintain stop orders' ea would pace another buystop order above the current price.... once it was hit, the ea would place another.... so it appears to be grid trading, and perhaps it is.... it was maintaining a single stop order in the trend direction.... after a certain point the ea would adjust both the lot size and pips between orders.... it would also take other signals if appropriate, like maybe a daily macd buy signal but it would place buylimits well below the price which often did not get filled.....

in that post i mentioned trailing stops and limits.... that's an entirely different deal..... i'll explain later...

also todays orders you pointed out were yet even another entirely different reason.... will upload the script used in those orders to post 1 later tonight....
//-----

the bottom line is, when your targets are based on the weekly or monthly charts, it seems better to me if i buy all the way up in a responsible manner....

will answer the rest tonite, you'll understand....h
to trade and code, keep both simple... no call to impress....h
  • #367
  • Aug 7, 2015 6:24am Aug 7, 2015 6:24am
hey zghnno.... will upload the sell limit script to post 1 in a couple minutes.... it is a script so put it in the scripts folder....

now, about those orders you pointed out.... the pictures below can explain.... i have been out of my office lately building permanent hog traps.... usually i'll take a computer with me but this is very dirty work so did not....

in such cases, if a sell signal comes along i'll sometimes just throw a bunch of hit or miss selllimit orders using this script... i'll weigh everything carefully before hand because having pending orders can be risky.... both the 60 minute and 240 minute had sell signals....

this practice is rightfully viewed by some as grasping for straws.... or averaging losers.... or the 'hail mary' 80 yard pass in the final seconds of a football game..... there is no point in calling it anything other than that....

it might be a practice that should be avoided......... but it's only money.....h
//-----
Attached Image(s) (click to enlarge)
Click to Enlarge Name: failed attempts.jpg Size: 350 KB
Click to Enlarge Name: not a prime time.jpg Size: 447 KB
to trade and code, keep both simple... no call to impress....h
  • #368
  • Aug 7, 2015 6:30am Aug 7, 2015 6:30am
Quoting hayseed
the 'maintain stop orders' ea would pace another buystop order above the current price.... once it was hit, the ea would place another.... so it appears to be grid trading, and perhaps it is.... it was maintaining a single stop order in the trend direction.... after a certain point the ea would adjust both the lot size and pips between orders....
How do you deal with spikes in opposite direction? Do you close 'grid' positions before they become negative?

What is the logic behind ea lot size and orders distance adjustion? You probably increase lots and decrease distance when trend goes in your direction?
  • #369
  • Aug 7, 2015 7:11am Aug 7, 2015 7:11am
Quoting lapras
How do you deal with spikes in opposite direction? Do you close 'grid' positions before they become negative? What is the logic behind ea lot size and orders distance adjustion? You probably increase lots and decrease distance when trend goes in your direction?
//-----

hey lapras.... if by 'spikes in the opposite direction' you mean the price moves away from the orders leaving them not triggered, i'll just delete the orders later....

Do you close 'grid' positions before they become negative? .... no.... it's almost a guarantee the orders will be negative till/if the market resumes my preferred direction.... that's ok and something i'm comfortable with....

What is the logic behind ea lot size and orders distance adjustion? .... if your talkin about the 'maintain stop orders', that's a very good question.... it's realistic to assume at some point the weekly trend will stay intact but the daily trend will retrace..... using the weekly atr and daily zigzag length you can get a rough idea of when that might be.... as that time nears the lot size should be reduced and perhaps pips distance between orders increased.... once/if you survive the retrace and the trend resumes, the lot size can be restored and distance between orders reduced....

the risk is placing new orders with too much speed..... you might overshoot the top with too many orders in hand.... the orders will become top heavy.... every pyramid has a peak and every redwood has a top.... slow down once you near it.....h
to trade and code, keep both simple... no call to impress....h
  • #370
  • Aug 7, 2015 8:12am Aug 7, 2015 8:12am
Quoting hayseed
{quote} hey lapras.... if by 'spikes in the opposite direction' you mean the price moves away from the orders leaving them not triggered, i'll just delete the orders later....

Do you close 'grid' positions before they become negative? .... no.... it's almost a guarantee the orders will be negative till/if the market resumes my preferred direction.... that's ok and something i'm comfortable with....
thank you for your answers!

Regarding negative orders: if loss is becoming to heavy, you close the positions, I could conclude that from your trade explorer curve. When do you recommend to close (opened) positions if trend goes againt you?
  • #371
  • Aug 7, 2015 4:16pm Aug 7, 2015 4:16pm
Quoting lapras
Regarding negative orders: if loss is becoming to heavy, you close the positions, I could conclude that from your trade explorer curve. When do you recommend to close (opened) positions if trend goes againt you?
//-----

hey lapras.... when i mentioned the orders will become top heavy, i did not mean too heavy.... but top heavy....

such as, consider 2 traders each being 1.1 lots long the eurusd.... if the price retraces 100 pips, each will have 110$ less.... so dollars and cents both incur the exact same....

but suppose trader one originally bought 1 lot at 1.0500 and added another 0.1 lot this morning just before nfp .... and the second trader entered two orders this morning, a 1 lot order and a 0.1 lot order just before nfp....

the first trader stands a better chance of riding out the drop because his average price is very low..... the second trader would very likely have lost confidence and closed for a loss..... his orders were top heavy..... so when adding many orders in long trends always be aware of your average price.......

much needed retraces will occur.... it's hard to ride them out when your orders are top heavy..... and yes, i will close the positions if there is no end to the loss in sight.....

When do you recommend to close (opened) positions if trend goes againt you?

in my mind that's almost the best question that could be asked while almost the most difficult to answer..... if the daily or weekly trend change is undeniable, there is little point in staying on the wrong side.... get out quick.... there will be a better day.....

even if you feel the trend change will only last a short period.... it's usually best to get out.... that builds self control.....

there are many times when i will not even ride out a 60 minute trend change...... much less a 240 trend change..... the average 60 minute trend is about 90 pips.... the average 4 hour trend is around 200 pips.... the average daily trend is around 600...

you have to weigh everything out carefully and then decide..... the saying, a bird in the hand is worth two in the bush comes to mind.....


losses do not bother me in the least.... they probably help me more than wins.... they shine a bright light on my errors.... and if i still can't see, they pull out the hammer......h
to trade and code, keep both simple... no call to impress....h
  • #372
  • Aug 13, 2015 2:12pm Aug 13, 2015 2:12pm
the pboc has throwed me in the dirt several times this week.... been there before..... they will tire first.....

240 nzdusd qqe crossing below 50 with no zigzag.... current leg is dead on average.....

until china sits tight no usd trade is safe.....h
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Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd qqe no zz.jpg Size: 463 KB
to trade and code, keep both simple... no call to impress....h
  • #373
  • Aug 14, 2015 10:38am Aug 14, 2015 10:38am
it'd be flat out foolish to deny the usdcad's 240 down channel.... but it would be equally foolish to deny channels never end.....

9/9/2015.... the usdcad has a blind date with rates.....

key indicators....
//-----

easy to see it at 1.28 .... hard to see it at 1.25 ..... should rise and fall with oil....h
Attached Image (click to enlarge)
Click to Enlarge Name: big 4.png Size: 88 KB
to trade and code, keep both simple... no call to impress....h
  • #374
  • Aug 14, 2015 2:49pm Aug 14, 2015 2:49pm
Hey hayseed

i am long usd/cad too but the decission is really ambvivalent. Daily, weekly, monthly all overbought, chinese rate cuts etc... if it goes to 1.3 i#ll go out at BE.

have a nice weekend

Thalaton
  • #375
  • Aug 14, 2015 6:07pm Aug 14, 2015 6:07pm
Quoting Thalaton
Hey hayseed i am long usd/cad too but the decission is really ambvivalent. Daily, weekly, monthly all overbought, chinese rate cuts etc... if it goes to 1.3 i#ll go out at BE. have a nice weekend Thalaton
//-----

hey thalaton.... thanks.... hope your weekend is nice too....

your usdcad thoughts are mine also... the pboc will settle down but until then the usd will probably move widely.... the only reason the usdcad has not inversely followed this latest drop in oil is china selling dollars.... that will end....

but lower oil will probably be with us for the rest of the year.... consumption drops as the northern hemisphere moves toward the fall/winter...... and the potential of a boc rate cut later this year is still available....

it's rare that the following weeks price range does not overlap the preceding weeks fridays close by 50 to 100 pips.... with all that's going on i decided to try and to re-enter next week 50 to 100 pips better....

there was a time when i would close everything before fridays close and put in pending orders within the dailys atr below the exits for re-entrys next week..... even now, i'll close partial amounts.....

this yaun devaluation effect will probably be a good thing for us....h
//----
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADWeekly.jpg Size: 183 KB
to trade and code, keep both simple... no call to impress....h
  • #376
  • Aug 15, 2015 6:23am Aug 15, 2015 6:23am
One of the best things I have seen here (in FF),
"losses do not bother me in the least.... they probably help me more than wins.... they shine a bright light on my errors.... and if i still can't see, they pull out the hammer......h "
I appreciate you articulation very much, really made my day :-)
cheers
hannele
  • #377
  • Aug 26, 2015 2:34am Aug 26, 2015 2:34am
Hi hayeed,

Please let me know any possible option to close trades at ones. I mean if I can close all EURUSD pairs at ones that will be more easy for me. please help..
  • #378
  • Aug 27, 2015 6:59pm Aug 27, 2015 6:59pm
Quoting IreshChathu
Hi hayeed, Please let me know any possible option to close trades at ones. I mean if I can close all EURUSD pairs at ones that will be more easy for me. please help..
//----

hey iresh.... there a several scripts out there that will close all trades on a symbol but it will not be all at once... they will close in a serial manner , one after another....

to close 100 orders might take between 30 seconds and 2 minutes.... i timed it before but forgot the speed.... perhaps 3 a second....

the mostimportant thing to know is do you have to observe the fifo rule... where the oldest order must be closed first....

can you close any order regardless of open time or do they have to closed under the fifo rules.... let me know......h
to trade and code, keep both simple... no call to impress....h
  • #379
  • Aug 27, 2015 7:37pm Aug 27, 2015 7:37pm
I think there may have been something wrong in the code in the one I posted.

.... ....

hey squig..... ohhhh..... so now you tell me...... ......

noticed that but did not mention or correct it because i figured that was how you wanted it.... the indicator you posted will only plot at time[0]... so you'll have to wait for the first tick of the bar.... if you apply it to the 60 minute chart at 6:03, you'll be waitin for 57 minutes..... if your using the 1 minute chart you might not notice the wait as much..... figured you must be using the 1 minute chart.....

try the one below....

sorry for the delay, i have 2 dozers broke down right now so kinda tied up with heavy metal.... will look at you other pm's asap.....h
//-----
Attached Image (click to enlarge)
Click to Enlarge Name: time 0.png Size: 191 KB
Attached File(s)
File Type: mq4 SA SDC II sq bars.mq4   2 KB | 585 downloads
File Type: ex4 SA SDC II sq bars.ex4   6 KB | 532 downloads
to trade and code, keep both simple... no call to impress....h
  • #380
  • Aug 27, 2015 7:44pm Aug 27, 2015 7:44pm
Hi hayseed, Thank you very much for your reply. It is better is I can close last open order first. Lifo basis.
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