Follow the market's lead or get stepped on.
It takes courage to grow up and become who you really are - E.E. Cummings
Highest Open / Lowest Open Trade
- #5,563
- Aug 20, 2016 10:06pm Aug 20, 2016 10:06pm
Salam Mahmood,
a couple of things from the EA that don't seem okay.
In the chart below, we see that these two trades were taken by the EA when price was above the PREVIOUS days High. So this is a breakout, and the EA should not take breakout trades.
The trader can decide if they want to manually enter the trade, but I don't think the EA should not take any breakout trades.
Also, trade B was placed when price was well below the Highest H1 open price, so I do not know why this would happen.
Also, I think it is a good idea to limit the number of active trades per pair to "1".
If the trader wants to enter a second trade, then that is up to the trader, but I think the EA should have a limit of "1" active trade per pair.
I hope that is clear. Please let me know if you need any further information.
Again, thankyou for your work on this.
Cheers
Michael
a couple of things from the EA that don't seem okay.
In the chart below, we see that these two trades were taken by the EA when price was above the PREVIOUS days High. So this is a breakout, and the EA should not take breakout trades.
The trader can decide if they want to manually enter the trade, but I don't think the EA should not take any breakout trades.
Also, trade B was placed when price was well below the Highest H1 open price, so I do not know why this would happen.
Also, I think it is a good idea to limit the number of active trades per pair to "1".
If the trader wants to enter a second trade, then that is up to the trader, but I think the EA should have a limit of "1" active trade per pair.
I hope that is clear. Please let me know if you need any further information.
Again, thankyou for your work on this.
Cheers
Michael
- #5,564
- Aug 20, 2016 10:41pm Aug 20, 2016 10:41pm
- Joined Mar 2012 | Status: Trader | 14,309 Posts
{quote} Can anyone expand on this hint? Please correct me, being a counter trend approach wouldn't all entries oppose existing h4 trend? Thanks.
We do not discuss trend.
This approach has nothing to do with trend.
Empty your mind.
Price rises and falls.
Every day.
We wait for price.
At the line.
When it gets there,
We enter.
Nothing more.
Nothing less.
We win.
Or we lose.
Then we wait.
And wait.
And wait.
And do it all over again.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #5,565
- Aug 20, 2016 11:07pm Aug 20, 2016 11:07pm
- Joined Mar 2012 | Status: Trader | 14,309 Posts
{quote} I LOVE nice art, you too ?{image}
Noodle lines.
Funny looking candles.
Boxes.
"Different" time frames.
All in the attempt to what?
To tell if price is going up
Or down?
Seriously?
Here's a tool:
And another:
You laugh at those yet you take noodle charts seriously?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #5,566
- Aug 20, 2016 11:13pm Aug 20, 2016 11:13pm
- Joined Mar 2012 | Status: Trader | 14,309 Posts
{quote} Can anyone expand on this hint? Please correct me, being a counter trend approach wouldn't all entries oppose existing h4 trend? Thanks.
H1 chart period.
H4 shading.
What happens when H1 and H4 are the same color?
What is the hint the market is whispering?
Can you hear it?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #5,567
- Aug 20, 2016 11:15pm Aug 20, 2016 11:15pm
- Joined Mar 2012 | Status: Trader | 14,309 Posts
Behold.
Different pair.
The hint is the same.
What is obvious?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #5,568
- Aug 20, 2016 11:17pm Aug 20, 2016 11:17pm
- Joined Mar 2012 | Status: Trader | 14,309 Posts
And again.
Another pair.
Hint.
Hint.
Hint.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #5,569
- Aug 20, 2016 11:19pm Aug 20, 2016 11:19pm
- Joined Mar 2012 | Status: Trader | 14,309 Posts
Repeating the process.
Over.
And over.
And over again.
Would you be a winner?
Or a loser?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #5,570
- Aug 20, 2016 11:21pm Aug 20, 2016 11:21pm
- Joined Mar 2012 | Status: Trader | 14,309 Posts
A small loss?
Or a huge gain?
Or do you sit and do nothing?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #5,571
- Aug 20, 2016 11:27pm Aug 20, 2016 11:27pm
- Joined Mar 2012 | Status: Trader | 14,309 Posts
Waiting for the setup is not the same as doing nothing.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
- #5,573
- Aug 21, 2016 12:24am Aug 21, 2016 12:24am
Salam Mahmood.
I think we have to look at the way the EA places the order.
In this first chart, we see that candle A opened below the H1 Lowest open price. So that was our trigger. And it placed a market order then.
But, as you know, we want to use the H1 Lowest open price as our entry price.(No late entry)
That means with a BUY trade, the ASK price needs to be the same as the H1 Lowest open price, otherwise the EA should not place a market order.
If those prices are not equal, the EA would have to wait until the ASK price = H1 open price before placing a trade.
So the EA would have to WAIT until the ASK price was = to the H1 lowest open as per the chart below.
(I know that this would have been a losing trade anyway, but it is about how/when the EA places the trade that is important.)
The other thing that might be causing a problem is the time it takes for the EA to actually place the trade.
In the charts above, Candle A opened at 16:10. The EA placed the trade at 16:10:11.
So there was a delay of 11 seconds between when the candle opened, and when the trade was placed.
11 seconds isn't very long,(and I am not an EA expert), but I would have thought that the "execution" would be quicker.
When I ran these forward tests, I had the EA loaded onto 9 pairs on one profile.
Does it matter if I have the EA loaded on this many pairs?
Does that have any effect on the "execution" time?
Thankyou again for your work Mahmood.
Cheers
Michael
I think we have to look at the way the EA places the order.
In this first chart, we see that candle A opened below the H1 Lowest open price. So that was our trigger. And it placed a market order then.
But, as you know, we want to use the H1 Lowest open price as our entry price.(No late entry)
That means with a BUY trade, the ASK price needs to be the same as the H1 Lowest open price, otherwise the EA should not place a market order.
If those prices are not equal, the EA would have to wait until the ASK price = H1 open price before placing a trade.
So the EA would have to WAIT until the ASK price was = to the H1 lowest open as per the chart below.
(I know that this would have been a losing trade anyway, but it is about how/when the EA places the trade that is important.)
The other thing that might be causing a problem is the time it takes for the EA to actually place the trade.
In the charts above, Candle A opened at 16:10. The EA placed the trade at 16:10:11.
So there was a delay of 11 seconds between when the candle opened, and when the trade was placed.
11 seconds isn't very long,(and I am not an EA expert), but I would have thought that the "execution" would be quicker.
When I ran these forward tests, I had the EA loaded onto 9 pairs on one profile.
Does it matter if I have the EA loaded on this many pairs?
Does that have any effect on the "execution" time?
Thankyou again for your work Mahmood.
Cheers
Michael
- #5,574
- Aug 21, 2016 1:11am Aug 21, 2016 1:11am
Hi Mahmood.
Just one more chart for now to show the entry price problem.
(Again, this went on to take profit, but the EA should not have placed a trade)
This is similar to my previous post.
In this case, the M5 candle opened in the Area of interest, but because we have the rule that says no late entries(not even one pip), then the EA should have waited to see if the ASK price was going to come back to equal the H1 Lowest open price.
If this does not happen, then the EA should not take the trade.
This candle opened 0.2 pips(2 points) lower than the H1 lowest open, so the ASK price was well above the H1 lowest open price when the EA placed the market order.
If we obey the basic rule #2, then we have to use the Ask price for a Buy trade......and the Bid price for a sell trade.
If we were manually trading, and we obeyed rule #2, then we would not have been able to enter this trade manually either.
Thanks again Mahmood.
Please let me know if these posts are not clear.
Cheers
Michael
Just one more chart for now to show the entry price problem.
(Again, this went on to take profit, but the EA should not have placed a trade)
This is similar to my previous post.
In this case, the M5 candle opened in the Area of interest, but because we have the rule that says no late entries(not even one pip), then the EA should have waited to see if the ASK price was going to come back to equal the H1 Lowest open price.
If this does not happen, then the EA should not take the trade.
This candle opened 0.2 pips(2 points) lower than the H1 lowest open, so the ASK price was well above the H1 lowest open price when the EA placed the market order.
If we obey the basic rule #2, then we have to use the Ask price for a Buy trade......and the Bid price for a sell trade.
If we were manually trading, and we obeyed rule #2, then we would not have been able to enter this trade manually either.
Thanks again Mahmood.
Please let me know if these posts are not clear.
Cheers
Michael
Salam Mahmood. I think we have to look at the way the EA places the order. In this first chart, we see that candle A opened below the H1 Lowest open price. So that was our trigger. And it placed a market order then. But, as you know, we want to use the H1 Lowest open price as our entry price.(No late entry) That means with a BUY trade, the ASK price needs to be the same as the H1 Lowest open price, otherwise the EA should not place a market order. If those prices are not equal, the EA would have to wait until the ASK price = H1 open price before...
hi micheal
tanx for reply
yes u r true
we have this problem only in BUY order and it is no problem i can solve it
i wait for u to answer this
ok i put the order exactly at H1_lower_open but as u show in previoust post if price did not fall equal to Spread , EA will not enter the trade
about your older post
i saw every one of u use EA and change the codes
if i want to study EA resault i must be sure that we have the same EA
so please please please if u change the code do it carefully
in fact EA will NEVER take two position in same time
and NEVER open a trade if we have an opended one
if u see this
"if(signal_buy && BuyTicket == 0 && SellTicket == 0 && !breakouts && time_signal) "
this is main IF in EA to enter a trade
it will enter a trade if buyticket and sellticket is zero
means no open trade at all
i do not know how it is happen for u
i think u change some codes and this change made bad effect
about breakout bar in yesterday high
if we have an open_trigger_candle < yesterday high and then the current price in that candle is > yesterday high WE HAVE BREAKOUT NOW
after that in next candle that its open is above yesterday high we have no breakout
about breakout if i am not right light me plz
if u did not show off the comment on the chart u can see when EA breakout is true or false
- #5,580
- Aug 21, 2016 2:15am Aug 21, 2016 2:15am
{quote} hi micheal tanx for reply yes u r true we have this problem only in BUY order and it is no problem i can solve it i wait for u to answer this ok i put the order exactly at H1_lower_open but as u show in previoust post if price did not fall equal to Spread , EA will not enter the trade about your older post i saw every one of u use EA and change the codes if i want to study EA resault i must be sure that we have the same EA so please please please if u change the code do it carefully in fact EA will NEVER take two position in same time and...
this is a chart I was watching at the time when the trades were on. I was surprised to see two active trades on at once.
The thing that I noticed was this.
The first BUY trade was active, but price had not gone to B/E+5, so the Stop did not move.
The second SELL trade was already on when I noticed that 2 trades were on, so I cannot tell you what happened, but I know that after the second SELL trade was placed, the EA ignored the first BUY trade, and did not move the stop when price got to B/E+5.
This would be because the EA can only Manage one trade at a time(that's fine. Not a problem)
Thanks Mate