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  • #901
  • Aug 23, 2016 10:39am Aug 23, 2016 10:39am
Quoting reubsonline
I like what you're discussing here, sounds like it could work! Thanks for the pictures of your settings Khalil it's very helpful. So you've actually been testing 1hour signals on a 5 min time frame not 30 min signals on a 5 min time like the trade explorer title suggests? :-)
Ooops .

No it should be M30 not H1.
So this is why it didn't open many trades.
I will fix the template now.

Thanks for the heads up.
No guts, no glory
  • #902
  • Aug 23, 2016 10:44am Aug 23, 2016 10:44am
No probs mate! :-)
so is the signal 30 mins and the higher time frame is 1 hour still? :-)
  • #903
  • Aug 23, 2016 10:51am Aug 23, 2016 10:51am
Quoting reubsonline
No probs mate! :-) so is the signal 30 mins and the higher time frame is 1 hour still? :-)
Yes.
No guts, no glory
  • #904
  • Aug 24, 2016 3:28am Aug 24, 2016 3:28am
Hi abokwaik
How many trades do you have by week on GBPJPY 5 mn ?
Regards.
  • #905
  • Aug 24, 2016 3:35am Aug 24, 2016 3:35am
Quoting madscalp
Hi abokwaik How many trades do you have by week on GBPJPY 5 mn ? Regards.
3 trades.

Noting that it runs < 8 hours a day, and Signal Time Frame is M30, trading TF M5 and Max Orders 1.
With these settings (max order 1) it is actually trading the M30 not M5 because it opens 1 trade only on M5 which is = 1 trade on M30.

This feature is useful if you for example are having the Daily as a Signal TF, and you Attach it to H4 and allow 3-6 Max Orders.
No guts, no glory
  • #906
  • Aug 24, 2016 3:48am Aug 24, 2016 3:48am
OK thanks
  • #907
  • Aug 24, 2016 3:55am Aug 24, 2016 3:55am
Quoting abokwaik
{quote} 3 trades. Noting that it runs < 8 hours a day, and Signal Time Frame is M30, trading TF M5 and Max Orders 1. With these settings (max order 1) it is actually trading the M30 not M5 because it opens 1 trade only on M5 which is = 1 trade on M30. This feature is useful if you for example are having the Daily as a Signal TF, and you Attach it to H4 and allow 3-6 Max Orders.
Hi Khalil,

I am still trying to grasp the logic of the EA entirely. Forgive me if you have explained this before but I dont recall:

If you are essentially trading the 30M TF, what is the benefit of running it on the 5M?

Best,
  • #908
  • Aug 24, 2016 4:30am Aug 24, 2016 4:30am
Quoting tibovwh
{quote} Hi Khalil, I am still trying to grasp the logic of the EA entirely. Forgive me if you have explained this before but I dont recall: If you are essentially trading the 30M TF, what is the benefit of running it on the 5M? Best,
Main Signal Type : Long or Short depends on the Signal Time Frame, where the EA evaluates the Component Pairs, for example if we are trading GBPJPY the Signal will be derived from GBPUSD and USDJPY on the SIGNAL TIME FRAME.

While (1.) Entry Timing (2.) Entry Frequency depends on the TRADING TIME FRAME (the tf the EA is attached to).
Because some filters depends on the Traded Pair time frame (those start with Cross Pair ... in the EA Inputs).

For example :
If Signal TF is set to M30, and EA is attached to M5.
AND
GBPUSD is UP and USDJPY is UP (based on number of bars, other enabled indicators (RSI, CCI ... etc))
THEN we have a LONG Signal coming from the COMPONENT PAIRS

NOW

Should we take it or not, DEPENDS on what other filters are enabled on the CROSS PAIR,
For example if you enabled : "Cross Pair MA Period (0 to disable)" input and set it to 26, and "Max Pips/Points to MA, 0 to disable" to 200 points (20 pips)


NOW

Suppose at the start of the M30 candle which gave the signal, the price was over 20 pips above MA26.
Accordingly the EA will DISREGARD the SIGNAL and not take the BUY.

SUPPOSE after the 3rd M5 Candle on GBPJPY the price went below MA26

THEN the EA will take the BUY (because we are still under the same M30 Candle that gave the Long Signal)

SO instead of taking the BUY on the start of M30 when the price was far from the MA we took it after 15 minutes when the price retraced a bit.

I hope this clear,

Khalil
No guts, no glory
  • #909
  • Aug 24, 2016 4:45am Aug 24, 2016 4:45am
That was about (1.) ENTRY TIMING

Now to (2.) ENTRY FREQUENCY

Entry Frequency will be activated if you set the "Max Open Trades" larger that 1.

SUPPOSE in the previous example we set it to 2.
We opened the first BUY on the 4th M5 candle,

NOW if the price is still < 20 pips from the MA26,
DEPENDING on the "Entry Type" :

  1. Averaging : the EA will open the second BUY on the 5th Candle if the its open price is less that the first BUY open price
  2. Pyramiding:the EA will open the second BUY on the 5th Candle if the its open price is higher that the first BUY open price
  3. Both : the EA will open the second BUY on the 5th Candle regardless

No guts, no glory
  • #910
  • Aug 24, 2016 4:50am Aug 24, 2016 4:50am
Hey @tibovwh , Are you following ?
No guts, no glory
  • #911
  • Aug 24, 2016 5:12am Aug 24, 2016 5:12am
Quoting abokwaik
Hey @tibovwh , Are you following ?
Hehe, thx for the detailed post. I think I am following.

But with the .set template: There is no CROSS filters nor "Max Open Trades" ?

Attached Image (click to enlarge)
Click to Enlarge Name: khalil.png Size: 52 KB


Therefor, it should be the same if it is run on 5M or on 30M? The Signal will be taken from the 30M Majors and entry taken on the open of the next 30M (Which is also the open of the next 5M after a signal?)

Best,
  • #912
  • Aug 24, 2016 5:15am Aug 24, 2016 5:15am
One more quick question: "Trailing Stop ATR Multiplier" only kicks in after it has moved ATR multiplier in favor and not immediatly. Is this intentional?
  • #913
  • Aug 24, 2016 5:19am Aug 24, 2016 5:19am
Quoting tibovwh
{quote} Hehe, thx for the detailed post. I think I am following. But with the .set template: There is no CROSS filters nor "Max Open Trades" ? {image} Therefor, it should be the same if it is run on 5M or on 30M? The Signal will be taken from the 30M Majors and entry taken on the open of the next 30M (Which is also the open of the next 5M after a signal?) Best,
Correct. In these specific settings, it doesn't make a difference.
No guts, no glory
  • #914
  • Aug 24, 2016 5:20am Aug 24, 2016 5:20am
Hi Khalil,If I trade on the pair GBP / JPY with EA Yen_Trader_04_TS, I have set EA on all three pairs GBP / JPY, USD / JPY, GBP / JPY or one GBP / JPY?not deal with installing.
Thank you.
  • #915
  • Aug 24, 2016 5:26am Aug 24, 2016 5:26am
Quoting tibovwh
One more quick question: "Trailing Stop ATR Multiplier" only kicks in after it has moved ATR multiplier in favor and not immediatly. Is this intentional?
If you enable "ATR-Based Levels", suppose ATR was 30 pips. And you set "Trailing Stop ATR Multiplier" to 2, "Trailing Stop Shift" to 50 points (5 pips).
When price moves 65 (30x2+5) in your favor the Stop Loss is moved to open price.
When price reaches 70 pips in your favor, the Stop Loss will be moved 5 pips above open price.
When price reaches 85 pips in your favor, the Stop Loss will be moved 20 pips above open price.
And so on ...
No guts, no glory
  • #916
  • Aug 24, 2016 5:26am Aug 24, 2016 5:26am
So the actual Signal is based on a price comparison for 2 majors. I know of two ways to calculate Momentum:

Eighter you use a lookback bars or you compare against a moving average.

How does the EA handle the input of both these settings?

Attached Image


furthermore:

High/Low Price means it takes the average of the High and Low 2 days ago and compares it with the average of the High and Low today?


Appreciate the information!

Best,
  • #917
  • Aug 24, 2016 5:30am Aug 24, 2016 5:30am
Quoting abokwaik
{quote} If you enable "ATR-Based Levels", suppose ATR was 30 pips. And you set "Trailing Stop ATR Multiplier" to 2, "Trailing Stop Shift" to 50 points (5 pips). When price moves 65 (30x2+5) in your favor the Stop Loss is moved to open price. When price reaches 70 pips in your favor, the Stop Loss will be moved 5 pips above open price. When price reaches 85 pips in your favor, the Stop Loss will be moved 20 pips above open price. And so on ...
Aah ok so the Shift parameter from the pips-based settings works for the ATR enabled too.

Will do some more testing. I want to try to focus a bit more on higher timeframes. Most people seem to be focused on scalping and shorter TF setups...

What do you personally think? Will D1 give enough opportunities?
  • #918
  • Aug 24, 2016 5:40am Aug 24, 2016 5:40am
Quoting tibovwh
So the actual Signal is based on a price comparison for 2 majors. I know of two ways to calculate Momentum: Eighter you use a lookback bars or you compare against a moving average. How does the EA handle the input of both these settings? {image} furthermore: High/Low Price means it takes the average of the High and Low 2 days ago and compares it with the average of the High and Low today? Appreciate the information! Best,
1. Loop Back bars, suppose its set to 2 on D1, on GBPJPY, and we are trading today (Wednesday):

  1. Close Price :

    1. LONG if GBPUSD Tuesday Closing Price is Higher than Monday Closing Price AND USDJPY Tuesday Closing Price is Higher than Monday Closing Price
    2. SHORT if GBPUSD Tuesday Closing Price is Lower than Monday Closing Price AND USDJPY Tuesday Closing Price is Lower than Monday Closing Price

  2. High/Low

    1. LONG if GBPUSD Tuesday Closing Price is Higher than Monday High Price AND USDJPY Tuesday Closing Price is Higher than Monday High Price
    2. SHORT if GBPUSD Tuesday Closing Price is Lower than Monday Low Price AND USDJPY Tuesday Closing Price is Lower than Monday Low Price


2. Moving Average : Suppose we set to D1, SMA20, on GBPJPY and we are trading today (Wednesday):

  1. LONG if both (GBPUSD and USDJPY) Tuesday Closed above their respective D1/SMA20
  2. SHORT if both (GBPUSD and USDJPY) Tuesday Closed below their respective D1/SMA20

No guts, no glory
  • #919
  • Aug 24, 2016 6:15am Aug 24, 2016 6:15am
Quoting Cheba
Hi Khalil,If I trade on the pair GBP / JPY with EA Yen_Trader_04_TS, I have set EA on all three pairs GBP / JPY, USD / JPY, GBP / JPY or one GBP / JPY?not deal with installing. Thank you.
one on GBP / JPY only.
No guts, no glory
  • #920
  • Aug 24, 2016 6:21am Aug 24, 2016 6:21am
Hi Khalil,

Enabling ATR based TP and SL seems to disable multiple orders per signal. Can somebody confirm that this is the case? Or am I doing smt wrong?

Best,
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