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London close trading system for currencies

  • #321
  • Jul 17, 2016 1:32am Jul 17, 2016 1:32am
To dear fellows ghostbiker, Retlaw and swingman: thank you so much for your hard work, dedication, generous mind and talented work.
Thanks to other participants for their ... participation.

This thread is rocking !
  • #322
  • Jul 17, 2016 4:31am Jul 17, 2016 4:31am
Hi,
can someone help me make the Time Zone indicator correct please
what would be the begin1 / begin2 and the end1 / end2 time? if my broker is GMT -5.
Thanks
(I read the whole tread)
  • #323
  • Jul 17, 2016 4:44am Jul 17, 2016 4:44am
Quoting ghostbiker
I've manually opened 31 orders (Market and Limit Orders) now closed - GF = + 20 Pips - GU = + 30 Pips - AJ = + 25 Pips - GJ = + 30 Pips - AU = + 18 Pips - AJ = + 10 Pips - EJ = + 15 Pips - NJ = + 10 Pips - GN = + 20 Pips - EG = + 15 Pips - EJ = + 10 Pips - GJ = +10 Pips - GU = + 7 Pips - GA = + 20 Pips - UC = + 15 Pips - GF = + 10 Pips - GU = + 10 Pips = total now 275 Pips not bad for a newbie {image} here a pic from GBPJPY Chart {image} here a pic from AUDJPY Chart {image}
Hi ghostbiker
This indicator is a moving average?
Attached Image (click to enlarge)
Click to Enlarge Name: ZZ_UCAD_buylimit_12.07.JPG Size: 160 KB
  • #324
  • Jul 17, 2016 4:52am Jul 17, 2016 4:52am
Excellent strategy,

but I tested EA (1.3) with MT4 Tester and Quant Analyzer and maybe I am doing something wrong.
Period 1.1.2011-31.12.2015, 15M graph.

Attached Image (click to enlarge)
Click to Enlarge Name: LCT_backtest_QAnalyzer.JPG Size: 212 KB


Datas from QA.
Attached File(s)
File Type: zip LCT_backtest_QA.zip   513 KB | 257 downloads


Anyway, great job and I will monitor futher progress.
A.
  • #325
  • Jul 17, 2016 5:03am Jul 17, 2016 5:03am
is it not work ?


Quoting ramzam
dear swingman, when i attach into crudeoil chart mt4 not responding and again i tried to eurusd for that also it says not responding. out of interest i did this download and attach into charts but not working {quote} {image}
Success is a Journey Not a Destination....... kind regards ramzam
  • #326
  • Jul 17, 2016 5:15am Jul 17, 2016 5:15am
Quoting ramzam
is it not work ? {quote}
wait untill market is open (see post 319 from ghostbiker)
(.)(.) think first ...
  • #327
  • Jul 17, 2016 5:23am Jul 17, 2016 5:23am
sorry multi color texts made my eyes some blind.. thank you maimumguita. i will look carefully
i thought it is indicator so it will show all the details.. but only at opening markets is now i understand.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
Success is a Journey Not a Destination....... kind regards ramzam
  • #328
  • Jul 17, 2016 5:25am Jul 17, 2016 5:25am
Quoting tonko
Excellent strategy, but I tested EA (1.3) with MT4 Tester and Quant Analyzer and maybe I am doing something wrong. Period 1.1.2011-31.12.2015, 15M graph. {image} Datas from QA. {file} Anyway, great job and I will monitor futher progress. A.
Good job tonko!
Not so good results though
Only thing I can think of is the GMT offset setting for the Strategy Tester.
See this post: http://www.forexfactory.com/showthre...11#post9031311
  • #329
  • Edited 7:22am Jul 17, 2016 5:56am | Edited 7:22am
@hapanoy:no this is a strength indicator and the strength lines with Fibonacci in combination on the Chart

@Retlaw: trade with more then a currency it is not so good for backtests. Better are vorwardtests. I'm waiting
and happy for the next update of your EA

live trading with this EA after 0.5 or 1 hour or 1.5 hour I look for the winners and close, this done not a EA in the
backtester. For London close must have only a time of 2 hours for up to 300 Pips this is enough for a day and
for only 2 hours or ??

M15 candle GMT 15:45 close on 16:00 GMT and open 16:00 GMT a new candle. Trade 16:00 GMT
  • #330
  • Jul 17, 2016 6:34am Jul 17, 2016 6:34am
Quoting ghostbiker
.... Start is close M15 candle GMT 15:45 on 16:00 GMT and open 16:00 GMT candle
??? Does this mean that we actually work on the close of the M15 candle? That we only look 2 times, at 15:45 and 16:00, to open trades?
  • #331
  • Jul 17, 2016 7:09am Jul 17, 2016 7:09am
Quoting arielkorber
#post 1, look at rule 5 and rule 7 (for EA): - 23 / 123 fib: Close market order (rule 5), open 2nd limit order (rule 7) - at the same price?? seems pointless, just have bigger stoploss for market order?
I agree, it does not make sense to me either...? Suppose you buy, but the price drops to the SL level. The first two orders would close at SL (assuming the limit order SL is also around that level) and you would then open a third buy position at the SL level of the market order. But if you still believe that the price will rise, why not keep the first orders open?
  • #332
  • Jul 17, 2016 7:12am Jul 17, 2016 7:12am
@Retlaw:

- here clearly: the candle from open 15:45 GMT close 16:00 and 16:00 open a new candle is the same time !!!

- only time is 16:00 GMT for marketorders like your EA and manually trading
  • #333
  • Jul 17, 2016 7:34am Jul 17, 2016 7:34am
Hi, ghostbiker
Thanks for sharing your system.
I want to ask a few questions to make sure I understand it.

1.Is the conditions about MarketOrders and LimitOrders only valid at 16:00 GMT? What if the condition is not met at 16:00 but is met at 17:00GMT?
2. According to the condition of LimitOrders(Rule 3), the limit Orders will be set every day, right? But the EA you provide us doesn't work in this way, so I'm confused.
3.Rule 8: non active LimitOrders will all close 1:15 hour after start (for EA is to change the time in minutes)

Do you mean set LimitOrders at 16:00 GMT and Delete it after 1:15 hour if the price doesn't touch it?

In fact, the 3 questions seem to be the same question, but I think I should ask you to make sure I understand your system well.
Looking forward to your reply, thx!
  • #334
  • Jul 17, 2016 7:56am Jul 17, 2016 7:56am
I see. I guess it's a way of perspective

Being a coder and seeing the clear trading rules in post 1 I felt compelled to make an EA for this.
But now I understand that the rules need to be flexible, I mean that the rules keep changing!
Here above you say that the only time is 16:00 and in post 277 you ask for 2 times (16:00 and 16:15) to open market orders.
http://www.forexfactory.com/showthre...06#post9032106

To code, I need unambiguous rules! Otherwise I keep busy with producing updates all the time.

What I will do is make it as flexible as possible with the settings.
- I will keep the entry time at 16:00 GMT with the 5 minute window. (adjustable)
- choose on which Fib the SL and TP goes (MO and LO)
- LO 1 will be at 0/100 fib and LO 2 at 23.6 fib
- I will add a SL for MO at 3 pips above/below 0/100 fibs (high low swing)
- in addition to break even, option to close trades after so many M15 bars

I read a remark from someone that it has not such a good RR, so I will also test putting the SL of the MO just above/below high/low swing and then put the TP at 1:1.5 RR level instead of putting the TP at the 23.6 fib
  • #335
  • Edited 8:27am Jul 17, 2016 8:11am | Edited 8:27am
@retrew

Question on your ea ... can i use use it at the same time on multiple pairs?

honestly i backtested the ea and set the gmt offset at 1 then the expiry time is set at 500

i got pretty bad result �� I wondered to make it invert trades ... i calculate the spread . still survive even if you invert the original positions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: StrategyTester.gif Size: 8 KB
Click to Enlarge Name: TesterGraph2.gif Size: 13 KB
  • #336
  • Edited 8:31am Jul 17, 2016 8:12am | Edited 8:31am
@Retlaw:

- for the EA is better to work with the Rules from Post # 277
(including possible fixed SL for MarketOrders, LimitOrders 1 and LimitOrders 2)

- if any trader want a other R/R can give in the fixed SL for 1:1 or 1:1.5 or 1:2 (or traders can work with zero SL)

it is more flexible and the trader can change it every day

NOTE Retlaw: make you in the EA what every trader here want, the EA will not more work profitable

a SL on swing high / low + 3 Pips will have often 5 or 10 Pips SL and this is impossible for a EA and kill the system
if any trader will this done, can this make with a fixed SL, but please not implement in the EA

on the end we have made a good and easy system complicated with 50 or 100 Rules and not one trader can work with it

- this is the problem on all forums that 50 or 100 Users bring ideas all in one EA and after is not more functionable !!!

Thank you for your hard and nice work !!
  • #337
  • Jul 17, 2016 8:26am Jul 17, 2016 8:26am
Quoting ghostbiker
@Retlaw: - for the EA is better to work with the Rules from Post # 277 (including possible fixed SL for MarketOrders, LimitOrders 1 and LimitOrders 2) - if any trader want a other R/R can give in the fixed SL for 1:1 or 1:1.5 or 1:2 (or traders can work with zero SL) it is more flexible and the trader can change it every day NOTE Retlaw: make you in the EA what every trader here want, the EA will not more work profitable a SL on swing high / low + 3 Pips will have often 5 or 10 Pips SL and this is impossible for a EA and kill the system if any trader...
Ok, I will stick to the rules in post 277 then. (at least as good as I can)

(thanks dokopy)
  • #338
  • Jul 17, 2016 8:37am Jul 17, 2016 8:37am
Hello,

Here is a very stupid question.
I know how to install Custom indicator in new build Mt4.
For some reason I cannot get this indicator to show on chart? I have tried everything. ( 2 different brokers )
It shows in the Custom indicator folder but nothing happens to 15 min Chart when I press it.

Only thing I have not done is re-install MT4.

Any advise please?

Thanks
Markets are not Random, they are designed!
  • #339
  • Edited 12:32pm Jul 17, 2016 8:41am | Edited 12:32pm
for all 25 subscribers of the webinar: London Close 23.6

- I will sent out the log in dates on the tuesday 19th with PM

- date of the webinar 07.20.2016

- login from 15:30 GMT - 17:30 GMT (end of the webinar) start active trading 16:00 GMT

- manually trading this system

- please prepare the following 15 Charts with ONLY currency pairs for trading London close 23.6

AUDJPY - AUDUSD - CHFJPY - EURAUD - EURCHF - EURGBP - EURJPY - EURUSD -
GBPAUD - GBPCHF - GBPJPY - GBPUSD - NZDUSD - USDCHF - USDJPY - NO XAU and NO OIL and no others

- Indicator von SwingMan (I will test it from Monday on) from Post # 303

- activate the 1 click from MT4 on every Chart
  • #340
  • Jul 17, 2016 8:47am Jul 17, 2016 8:47am
Quoting SwingMan
{quote} I suppose you mean that the Fibo calculation must end on bar 18:45 (like in the pic example), and not at 19:00. To have this you must only change the "timeEnd" row (209) on substracting the current period: timeEnd=StringToTime(sCurrentDay+GMT_SecondTime)+timeDifference-Period(); Please confirm this. {image}
++++++++++++++++++++++++++++++++


I believe that would be the answer. Thanks.
Will wait for confirmation.
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