MADTrader

[Bismark]

With mine one being on "BUY" on all the orders, i've just observed something that might need renexxx to help me understand this better.

Right before my eyes, GBPCHF BUY order just appeared. On the dashboard, GBP overall is strong while CHF is weak overall. However, specifically for GBPCHF pair, its opposite, its showing a downarrow on both H4 and D1. I understand that the trigger condition is at least 4 same single for both. But why did it choose a buy for GBPCHF pair that has both down arrow on H4 and D1 ?

Set file is the same one that was posted by TFJ .

[pcorneli]

After looking to the EA screen for almost 1 week, without a trade and reading the manual and going through the thread again and again, i got the idea to put the AE in in the TF mentioned in the manual called "TradingTimeFrame".
And yes it workes. Trade after trade.

[neocount]

With mine one being on "BUY" on all the orders, i've just observed something that might need renexxx to help me understand this better.

Right before my eyes, GBPCHF BUY order just appeared. On the dashboard, GBP overall is strong while CHF is weak overall. However, specifically for GBPCHF pair, its opposite, its showing a downarrow on both H4 and D1. I understand that the trigger condition is at least 4 same single for both. But why did it choose a buy for GBPCHF pair that has both down arrow on H4 and D1 ?

Set file is the same one that was posted by TFJ .

Biz my suggestion, and this would be for anyone who wants a better understanding of how this works, would be to go over to the original thread that George started for the "MADDY" indicator and read the whole thing.
http://www.stevehopwoodforex.com/phpBB3 ... =16&t=4543

The trigger condition is not 4 same signals. That is what is used to determine currency strength. The pdf says :
You can optionally allow the EA to trade a Strong currency against a Weak currency –
please review the RequiredSignals# description on how Strong and Weak is
defined/classified. But once a currency group has been classified as Strong (the
backgrounds of all the currency pairs in that group will be colored green), and another
currency group has been classified as Weak (the backgrounds of all the currency pairs in
that other group will be colored red), the system can open a trade in the direction of the
Strong currency.
The EA checks for filters and then does this:
TradingTimeFrame (Default: M1):
This is the time frame used for the evaluation of the final trade entry rule. Once the system
has identified a Strong currency XXX and a Weak currency YYY, it intends to BUY
XXXYYY. However, before doing so, it works out the Slow MA for XXXYYY on
TradingTimeFrame and the Fast MA for XXXYYY on TradingTimeFrame and it checks the
following:
(1) Bid > Fast MA
(2) Fast MA > Slow MA
For an intended SELL these conditions become:
(1) Ask < Fast MA
(2) Fast MA < Slow MA

So from your pic GBP was strong and CHF was weak. It checked and all the final conditions were met so it took the trade.

TraderJoe uses a 6 and a 12 lwma for the final trade trigger.

[Wavegarrick]

Hi Bismarck

From what I can see is that Gbp was strong against Chf so so yes it would be correct to buy Gbpchf but yes you have a down arrow on The 4 Hr and daily.....however this is very vague because I see no time of entry. Trader Joe's entry conditions are based on the 4 hr time with the 48 tma on the 4 hr t/frame and 28 tma on the daily t/frame from what I can remember he has the 6 and 12 Ma as his entry condition and a trade entry would only have been triggered at the close of the 4 hr candle so is it possible that those arrows were up at the time of the trigger and the candle moved just below the Tma just after the entry of the daily plus the 4 hr thus showing u the down arrows at that instant....If I look back at at this chart it could very well have been the situation...

Also if I look at the 4 hr candle it was a big candle with a long wick and a quick moving candle obviously a news event......

[Bismark]

Neo, Thanks. I do understand that the 4 signal is the strength test/validation to proceed with the next step which is then to check on timeframe LWMA. That is all written alright. However, i am just questioning if this should have another check which is to ensure the trade decision isn't conflicting with the very pair itself. In my example, the GBP and CHF overall strength is correct. But the specific pair GBPCHF isn't on the right direction as the strength test. Indeed the trading timeframe (H4) LWMA condition met for GBPCHF to take on the trade. So my suggestion would be:

step 1- Multi timeframe strength validation (there as we know)
step 2- validate the specific pair the EA has chosen based on its signal state if there is a conflict <- a suggestion to include?
step 3- trading timeframe LWMA condition test (there as we know)



*I did continue to observe the open GBPCHF behavior, it took a DD of 19.7 pips about 10-15 mins later. then it climbed till positive 3 pips and declined to DD of 6 pips before i close my entire basket at end of session.

[Wavegarrick]

The trigger condition is not 4 same signals. That is what is used to determine currency strength. The pdf says :
You can optionally allow the EA to trade a Strong currency against a Weak currency

Hi Guys we need to be careful here, the reason why we want to use 4 required signals at least is because: if we don't include it in the currency strength test the ea will not check to see if price has moved above or below the 2 ma's specified, and the Ma's have crossed over for that particular time frame and the currency is gaining strength against at least 4 symbols.

So ultimately this is a condition that the ea would look for before anything else and then only it would look for the ma's that you have specified in the trade parameters and the trading time frame...This is what makes this Ea so powerful It has many checks and balances....

So Neo I would have to disagree with you if we don't specify any time frame in the required signals for currency strength we are simply just trading the 2 ma crossovers in the trade parameters that u have specified and this would defeat the total objective of using as many checks and balances to get powerful signals..

Hope I make sense....

[neocount]

Sorry about that Bis. The way you worded it I thought you didnt understand what the EA was doing. So many people try stuff on here and NEVER read about how it works so I thought you were one of those. But you arent.
Dont forget there IS a CSS filter that you can enable that could solve this issue. If there isn't enough of a strength difference it wont take the trade. Though a check on the last signals for that pair might not be a bad idea. When Renee or George gets a chance maybe they can think the idea over.

Garrick I think you might have misconstrued the meaning of my post. I just thought that Bis didnt understand how the EA worked and thought that it took trades based upon the strength only. No one wants to change anything about the strength signals.

[Wavegarrick]

The trigger condition is not 4 same signals

Maybe this is what triggered my thoughts, because this is in fact a trade condition in a series of filters before the final trade trigger....No problem buddy at least we are on the same wavelength

[Bismark]

Sorry about that Bis. The way you worded it I thought you didnt understand what the EA was doing. So many people try stuff on here and NEVER read about how it works so I thought you were one of those. But you arent.
Dont forget there IS a CSS filter that you can enable that could solve this issue. If there isn't enough of a strength difference it wont take the trade. Though a check on the last signals for that pair might not be a bad idea. When Renee or George gets a chance maybe they can think the idea over.

Garrick I think you might have misconstrued the meaning of my post. I just thought that Bis didnt understand how the EA worked and thought that it took trades based upon the strength only. No one wants to change anything about the strength signals.

no worries Neo. I've started with this EA about 3 weeks ago. Been attempting various ways to have the trademanager to manage those pullback and crazy runaway orders. Also discussing with wavegarrik about some pullback hedging ideas. At the end, i've decided to avoid hedging and just expire all open orders towards the end of NY session (before swap chares kicks in)

i am having three Empty4 instances running this EA testing with various setup (yeap, its melting my quad core TFJ's set is one of them.

Only thing i can't get around with TJF's setup is the strange buy only signal. LOL.

[neocount]

Sorry about that Bis. The way you worded it I thought you didnt understand what the EA was doing. So many people try stuff on here and NEVER read about how it works so I thought you were one of those. But you arent.
Dont forget there IS a CSS filter that you can enable that could solve this issue. If there isn't enough of a strength difference it wont take the trade. Though a check on the last signals for that pair might not be a bad idea. When Renee or George gets a chance maybe they can think the idea over.

Garrick I think you might have misconstrued the meaning of my post. I just thought that Bis didnt understand how the EA worked and thought that it took trades based upon the strength only. No one wants to change anything about the strength signals.

no worries Neo. I've started with this EA about 3 weeks ago. Been attempting various ways to have the trademanager to manage those pullback and crazy runaway orders. Also discussing with wavegarrik about some pullback hedging ideas. At the end, i've decided to avoid hedging and just expire all open orders towards the end of NY session (before swap chares kicks in)

i am having three Empty4 instances running this EA testing with various setup (yeap, its melting my quad core TFJ's set is one of them.

Only thing i can't get around with TJF's setup is the strange buy only signal. LOL.

Well running H4 trades managing pullbacks is close to impossible unless we use H1 for the final trigger and somehow have it close on an opposite MA cross. Example is GA. The trade was taken at 9:20 NY time yesterday right before the pair started a pullback. So it went against the trade 120 pips or so and now its back in the green along the overall trend direction.