Help with this profitable Indicator | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

I need help with very profitable EA 6 replies

Help to improve profitable EA - 1H NanningBob 40MA 200 BB 10 replies

need help to code EA from a profitable indicator 4 replies

Profitable Daily Autotrade system - Need help changing to MT4 EA 15 replies

Profitable EA need help 3 replies

Attachments: Help with this profitable Indicator
Exit Attachments

Help with this profitable Indicator

  • #361
  • Feb 29, 2016 4:46am Feb 29, 2016 4:46am
Quoting MathTrader7
{quote} Hi Shemski, CCI must be below or above 120? If it must be below 120, then a long position will be taken even if CCI is negative (-100, for example)? Best, Math

Below for a long position, above when going short.

Would you mind spending some time on an EA based only on TDI and ADX, without the CCI??



EDIT: BELOW -120 OR -150

damn it, my bad!!!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #362
  • Feb 29, 2016 4:49am Feb 29, 2016 4:49am
Quoting Shemski
{quote} Below for a long position, above when going short. Would you mind spending some time on an EA based only on TDI and ADX, without the CCI??
Version 1.51 is based on TDI and ADX only.
Trading is the hardest way to make easy money...
  • #363
  • Feb 29, 2016 4:51am Feb 29, 2016 4:51am
Perfect! Thank you. <I actually had pretty good results with that EA. Thanks again!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #364
  • Feb 29, 2016 5:30am Feb 29, 2016 5:30am
Here is Version 1.60 of the EA.
Attached Image (click to enlarge)
Click to Enlarge Name: Shemski_BT_160.png Size: 50 KB
Attached File(s)
File Type: ex4 MathTrader7_ShemskiEA.ex4   128 KB | 1,038 downloads
Trading is the hardest way to make easy money...
  • #365
  • Feb 29, 2016 5:38am Feb 29, 2016 5:38am
Quoting MathTrader7
Here is Version 1.60 of the EA. {image} {file}

Awesome, will take a look at it after lunch. What did you change?

Thanks again my man! You rule this forum!!!!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #366
  • Feb 29, 2016 8:25am Feb 29, 2016 8:25am
Just closed all of those other positions right when the market got volatile this morning. These are my current positions for those interested. Guys, please post yours if you are using this. I'd love to see who is taking what! Thanks

Attached Image (click to enlarge)
Click to Enlarge Name: 2902c.PNG Size: 27 KB
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #367
  • Feb 29, 2016 8:45am Feb 29, 2016 8:45am
Quoting MathTrader7
Here is Version 1.60 of the EA. {image} {file}
Math and Shemski, here is my run with your parameters.....can you see what is wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 214 KB
  • #368
  • Feb 29, 2016 9:06am Feb 29, 2016 9:06am
Quoting driven18
{quote} Math and Shemski, here is my run with your parameters.....can you see what is wrong? {image}

Modelling Quality? You've only backtested YTD, this system needs time. You'll have moments (maybe weeks) where the market is trending extremely strong and you'll get hit with a few losses in a row and take a hit...
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #369
  • Feb 29, 2016 9:32am Feb 29, 2016 9:32am
Quoting Shemski
{quote} Modelling Quality? You've only backtested YTD, this system needs time. You'll have moments (maybe weeks) where the market is trending extremely strong and you'll get hit with a few losses in a row and take a hit...

I agree, but this draw-down was 20%...not many can handle it...if they started trading as of January 1 2016..so it just a caution...
  • #370
  • Feb 29, 2016 9:40am Feb 29, 2016 9:40am
Well, that all depends on how much you risk per position. Your biggest loss was 5% of portfolio, that is a lot considering you would trade this system on several pairs. If you drop that to 1% / portfolio than your draw down all of the sudden is considerably less. I try to never risk more than 2% per trade, even less if I'm trading several different pairs with the same strat.

Thank you very much for your input though!!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #371
  • Feb 29, 2016 9:46am Feb 29, 2016 9:46am
Here's a great example of why I like to trade this manually. The EJ run down was sooo freakin strong that the TDI/TDI signal crossover simply wasn't convincing enough for me. The fact that support is only 25 (!) pips away, I figgure it would be safer to wait this one out. As soon as I can get a nice bounce, I'll take this trade. As you can see everything is lined up; TDI, ADX, etc. The upside is about 200 pips, I'll most likely set my SL around 80-90 pips (maybe even less) and ride this one. This could be a huge trade!

Attached Image (click to enlarge)
Click to Enlarge Name: 2902d.PNG Size: 44 KB


EG looks a bit different. EU already broke support, so I'll wait for a bounce there.... Just my two cents on how to trade this. You need to use smart common sense, like almost everything in life. Systems and EA's are here to keep you focused. You are the fund manager!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #372
  • Feb 29, 2016 10:07am Feb 29, 2016 10:07am
Quoting Shemski
{quote} Chart: H1 Long Entry: -CCI below 120 (less aggressive would be below 150) at least once during the previous 6 candles -TDI and TDI Signal below 32 (one could wait for TDI to cross back over TDI signal (while under 32) if you'd liek to play it safe) -ADX between 30 AND 50 (I try to stay away from extremely strong and extremely week trends) Exit on (semi) reverse signal (TDI above 68) or a SL of 100 pips. You can play with your SL and calculating your R/R is almost impossible because your profit will depend on the velocity of the pair and...
Hihi, thanks, i thought CCI is already out of the picture long time ago, becasue i haven't seen it in your examples recently. I can't see it on the picture in the previous post either.
  • #373
  • Feb 29, 2016 10:15am Feb 29, 2016 10:15am
Quoting kirby
{quote} Hihi, thanks, i thought CCI is already out of the picture long time ago, becasue i haven't seen it in your examples recently.

LOL, it is.... Well, it is for me. Just for the sake of this thread I decided to keep it included. At the end of the day, the TDI will cross 32/68 right around the same time the CCI crosses, so it doesn't really matter. I personally like the TDI much, much better!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #374
  • Feb 29, 2016 10:32am Feb 29, 2016 10:32am
Shemski, could you please explane this one?

http://www.forexfactory.com/showthre...73#post8782273

Thanks!
  • #375
  • Feb 29, 2016 10:37am Feb 29, 2016 10:37am
Thanks to original op for the thread.

shemski- You probably are aware of this thread that uses TDI and has some good stuff on a similar system that you are trading. ck it out.-- http://www.forexfactory.com/showthread.php?t=291622
Live today like theres no tomorrow-- Prioritize like you will die today
  • #376
  • Feb 29, 2016 10:41am Feb 29, 2016 10:41am
Good eye, you are correct. My bad!! That indeed, would've been a bad trade. Thanks for picking that up!
Quoting kirby
Shemski, could you please explane this one? http://www.forexfactory.com/showthre...73#post8782273 Thanks!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #377
  • Feb 29, 2016 10:42am Feb 29, 2016 10:42am
Quoting iamsovereign
Thanks to original op for the thread. shemski- You probably are aware of this thread that uses TDI and has some good stuff on a similar system that you are trading. ck it out.-- http://www.forexfactory.com/showthread.php?t=291622
Very aware of it and will join it soon. Do you also use the TDI?
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #378
  • Feb 29, 2016 10:44am Feb 29, 2016 10:44am
Quoting Shemski
Here's a great example of why I like to trade this manually. The EJ run down was sooo freakin strong that the TDI/TDI signal crossover simply wasn't convincing enough for me. The fact that support is only 25 (!) pips away, I figgure it would be safer to wait this one out. As soon as I can get a nice bounce, I'll take this trade. As you can see everything is lined up; TDI, ADX, etc. The upside is about 200 pips, I'll most likely set my SL around 80-90 pips (maybe even less) and ride this one. This could be a huge trade! {image} EG looks a bit different....

Shemski, I agree with you on entering closer to support. Can we ask Math to give us an option to enter with in 10-15 pips closer to S/R.

We can use best S/R indicators available.....
  • #379
  • Feb 29, 2016 11:57am Feb 29, 2016 11:57am
Quoting driven18
{quote} Shemski, I agree with you on entering closer to support. Can we ask Math to give us an option to enter with in 10-15 pips closer to S/R. We can use best S/R indicators available.....
Go ahead and ask him. I'm just throwing ideas out there. If someone can make this even better, great... Let's do it!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #380
  • Feb 29, 2016 12:06pm Feb 29, 2016 12:06pm
Quoting Shemski
{quote} Go ahead and ask him. I'm just throwing ideas out there. If someone can make this even better, great... Let's do it!

Math, can you give us an option to enter with in 10-15 pips closer to S/R. Please use any S/R indicator available, you probably know winch is the best for this EA, but if anyone has suggestions, please let us know.
0 traders viewing now