MTF Trading System - fxozgirl Higher Time Frame spinoff

Post by **spotdespot** » Wed Oct 01, 2014 3:48 pm

zader » Wed Oct 01, 2014 4:39 pm wrote:
spotdespot » Wed Oct 01, 2014 2:53 pm wrote:
Yes - you're right. Mmmm. Maybe thinking about it too simplistically. I need to do some proper head scratching.
I'm still favouring a halt to trading after a SL, the very wise man whose forum we're in posts this before every EA release >
This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.

I don't necessarily disagree it's just that at the moment, as is, if you set up the EA to run you can easily get a load of trades just before a retrace and hit a lot of drawdown as it will just jump in. So maybe stop the EA on a SL hit but also don't enter at all unless the H4 criteria are met, which will hopefully give you a better chance of avoiding that happening?

Anyway - it's your EA so whatever you want to do will be fine with me - just an idea.

Cheers,
Dave.

Post by **fxozgirl** » Wed Oct 01, 2014 9:02 pm

spotdespot » Thu Oct 02, 2014 1:33 am wrote:
Maybe this should all go in a sub-thread to Shelley's as I am conscious of cluttering the thread. Shelley?

Cheers,
Dave.

Firstly, I'm not using zader's EA, so not really able to keep up with the discussions...but just had a quick look at the charts you guys posted and I'm not sure why you would have taken a buy gbpnzd there

Moving forward, I'm happy for you to discuss the EA here as long as you make it clear that it is the EA you're discussing so other's are not confused, otherwise feel free to start a new thread for the EA if you want, just I won't have time to manage/maintain 2 threads.

Either way I'm happy...you're choice

Post by **fxozgirl** » Wed Oct 01, 2014 9:24 pm

fxozgirl » Wed Oct 01, 2014 7:16 am wrote:
Current balance: $6801.46
Floating balance: $7225.15 (approx +631 pips)

Current open trades:
AUDCHF Sell 29/9 -26 pips
AUDNZD Sell 22/9 +64 pips BE +5 pips
AUDUSD Sell 23/9 +114 pips JS moved to +50 pips
EURUSD Sell 25/9 +149 pips JS moved to +100 pips
GBPJPY Buy 24/9 -74 pips
GBPUSD Sell 26/9 +102 pips JS moved to +50 pips
USDCAD Buy 23/9 +148 pips JS moved to +50 pips
USDCHF Buy 25/9 +93 pips BE +5 pips
USDJPY Buy 25/9 +58 pips

Current balance: $6805.98
Floating balance: $7088.66 (approx +400 pips)

Current open trades:
AUDCHF Sell 29/9 -18 pips
AUDUSD Sell 23/9 +131 pips JS moved to +100 pips
EURUSD Sell 25/9 +159 pips JS moved to +100 pips
GBPJPY Buy 24/9 -223 pips
GBPUSD Sell 26/9 +130 pips JS moved to +50 pips
USDCAD Buy 23/9 +117 pips JS moved to +50 pips
USDCHF Buy 25/9 +103 pips BE +5 pips

Trades closed:
AUDNZD Buy - closed at BE +5

audnzd_daily(4)_mtf.png

USDJPY Buy - closed at BE +5

usdjpy_daily(2)_mtf.png

New trades today:
EURCAD Sell - re-entry into an existing down trend
1 pullback candle, followed by 2 candles back into the trend - confirmed at close of 2nd candle
Red arrow on weekly
3 SMMA is below 8 SMMA
Trigger candle closed below 3SMMA
4 red dots on MTF Moving Average indicator - confirmed at close of candle

eurcad_daily(4)_mtf.png

Post by **padnoter** » Wed Oct 01, 2014 10:43 pm

Hi Shelley,

Can I ask a question about the D1 trigger bar on a new trade (not a re-entry) please?

Say it's a short trade, so red arrow weekly, mark the red line, flip to daily, the 3smma is below the 8smma, all 4 red dots on mtf... so all good.. the trigger candle has closed below the 3smma, so I enter at the open of the next daily (hope that's correct).

My question is, what if the trigger candle is a bull/green candle, do you still enter at open of the next? or do you then follow the re-entry rules i.e. wait for 2 bear candles ?

Great thread, I'm liking the idea, hoping to start demo next week (just need some EAs to finish to free some cpu)

Cheers
Padnoter.

Post by **zader** » Thu Oct 02, 2014 7:59 am

fxozgirl » Wed Oct 01, 2014 9:02 pm wrote:
Firstly, I'm not using zader's EA, so not really able to keep up with the discussions...but just had a quick look at the charts you guys posted and I'm not sure why you would have taken a buy gbpnzd there

If you look at the chart I posted with the Z on the trigger candle ALL rules were met 100%, the EA didn't care if it was a re-entry just saw it as a valid entry

Post by **fxozgirl** » Thu Oct 02, 2014 8:05 am

padnoter » Thu Oct 02, 2014 8:43 am wrote:Hi Shelley,

Can I ask a question about the D1 trigger bar on a new trade (not a re-entry) please?

Say it's a short trade, so red arrow weekly, mark the red line, flip to daily, the 3smma is below the 8smma, all 4 red dots on mtf... so all good.. the trigger candle has closed below the 3smma, so I enter at the open of the next daily (hope that's correct).

My question is, what if the trigger candle is a bull/green candle, do you still enter at open of the next? or do you then follow the re-entry rules i.e. wait for 2 bear candles ?

Great thread, I'm liking the idea, hoping to start demo next week (just need some EAs to finish to free some cpu)

Cheers
Padnoter.

Hi padnoter...welcome to the thread!

Yes, because it's a new signal I take the entry irrespective if the trigger candle matches the direction flagged.

Post by **fxozgirl** » Thu Oct 02, 2014 8:08 am

zader » Thu Oct 02, 2014 5:59 pm wrote:
fxozgirl » Wed Oct 01, 2014 9:02 pm wrote:
Firstly, I'm not using zader's EA, so not really able to keep up with the discussions...but just had a quick look at the charts you guys posted and I'm not sure why you would have taken a buy gbpnzd there
If you look at the chart I posted with the Z on the trigger candle ALL rules were met 100%, the EA didn't care if it was a re-entry just saw it as a valid entry

Ahh, I see....so your EA doesn't trade new signals and re-entry signals. All trades are taken on new signal criteria then?

Post by **zader** » Thu Oct 02, 2014 8:09 am

Steve's fantastic shell already has a safety feature built in and in my wisdom didn't think I'd need it

.
This version won't trade for 2 days(configurable) after a SL, this gives you plenty of time to disable it or let it do it's own thing.

fxOZgirlEA.mq4

I think this will be the final version from me because I think trying to program the re-entry logic is beyond me.

Hi, spotdespot if you fancy adding to the EA please feel free

I don't consider it my EA.

Post by **fxozgirl** » Thu Oct 02, 2014 8:14 am

zader » Thu Oct 02, 2014 6:09 pm wrote:Steve's fantastic shell already has a safety feature built in and in my wisdom didn't think I'd need it .
This version won't trade for 2 days(configurable) after a SL, this gives you plenty of time to disable it or let it do it's own thing.

I think this will be the final version from me because I think trying to program the re-entry logic is beyond me.

Hi, spotdespot if you fancy adding to the EA please feel free I don't consider it my EA.

Zader, your efforts with the EA have been awesome...thanks heaps!
Not sure if you're interested in taking a look, but with my BASA strategy I had an initial entry criteria and a re-entry criteria. Steve managed to code both entry types into the EA. I have attached it here in case it helps you with the code.

Also, I will send Steve a PM and request his attention over here and see if he would mind coding an EA for us. Ultimately, I would like to be able to automate the strategy.

Cheers
Shelley

Post by **spotdespot** » Thu Oct 02, 2014 8:18 am

fxozgirl » Thu Oct 02, 2014 9:14 am wrote:
Zader, your efforts with the EA have been awesome...thanks heaps!
Not sure if you're interested in taking a look, but with my BASA strategy I had an initial entry criteria and a re-entry criteria. Steve managed to code both entry types into the EA. I have attached it here in case it helps you with the code.

Also, I will send Steve a PM and request his attention over here and see if he would mind coding an EA for us. Ultimately, I would like to be able to automate the strategy.

Cheers
Shelley

That would be great if he has time. What Zader has done is fantastic. Zader - I have tried adding bits but my coding skills are very limited

Cheers,
Dave.