MADTrader

[milanese]

I might have been able to reproduce the error neocount has been experiencing.
When one clicks an up or down arrow a chart opens, no problem there. If you happen to click the same arrow again by accident the EA produces an error and won't open any more charts.
This is tested with a custom Template and version 1.4.
Error generated:

I don't mind the bug, but just wanted to let you know.
Thx for the EA.

This is no bug, you must allow dll imports in the common tab of the EA settings to use this EA with all it's functions..

Cheers

Tommaso

[renexxxx]

This is no bug, you must allow dll imports in the common tab of the EA settings to use this EA with all it's functions..

Cheers

Tommaso

Yes, Tommaso is of course right. If a chart has already been opened for the selected symbol and timeframe and you click again on the same arrow, the code will attempt to activate that chart (i.e. make it the active chart). Unfortunately, there is no native MQL function to do this, and therefore you have to call a WIN API function that is residing inside the user32.dll. If you won't allow Empty4 to make function calls to external DLLs, you will get a message in your Experts tab, and the activation of the particular chart window won't succeed. It is easy to call this a 'bug', but it really is not.

[sdlsas]

ciao james t. excellent results. please can you share setfile? thanks a lot.
regards juke

[jamesT.]

ciao james t. excellent results. please can you share setfile? thanks a lot.
regards juke

Here is the set-file with TradingFastMAMethod setting 6:

919gilead M30 MA37 Test.set

[neocount]

Hi Guys,

Through a logical thinking process I want to attempt to show you that it does not really matter how far you have set the look back with reference to Rene's very clear 4 step process that he has once again given us with clear guidance.

My set file attached once again with 5 min (5 required signals), 15 min( 5 required ), 30 min (4 required signals), 1 hour( 4 require signals), 4 hour ( 4 required signals)


Picture 1
From the dash board you can see that EUR symbol currently is the strongest group out of all the groups so I will use this group as my example for my thought process. In this group you will see that from 30 min up to the 4 hour time frame all have up arrows but essentially are stale signals because they were generated yesterday......so if I only set these time frames for the currency strength test trades would have opened on stale signals today..not what I want.

So with all this in mind from the picture you will see that the EUR group is not ready for trades because we have the 5 and 15 min time frame in pullback mode with red arrows and I have specified them in the currency strength test I need 5 up arrows at least for each one of them ( 5 min and 15 min). Only then and only then will the EUR column be highlighted in Green which is currently white. When changed to green the EUR symbol would be ripe and ready to open a trade.....but it needs to find another symbol group that is highlighted in Red which obviously will have the same conditions as above but showing opposite strength or weakness if you like....

Picture 2

From this picture which was taken more than 30 mins later you can see in the 5 minute column that Eurgbp and Eurusd has just been highlighted in green and Eurnzd in red this is simply telling us that the 34 Ma has crossed above the 60 Ma at the close of the 5 minute candle and for Eurnzd the 34 Ma has crossed below the 60 Ma... So in essence the dash board will show in all the highlighted blocks fresh signals for ma crossovers in the last 30 minutes on all the time frames.....You can see that this picture is different to Picture one and in the first picture all the timeframe columns are highligthed. It is simply because I just opened the Ea and and my "highlight minutes" is 30 minutes so it will highlight it for 30 minutes. From posts that I see here some guys are getting confused with these highlights....It is simply telling us that an Ma has crossed over on a particular timeframe or in the case of a single line method that the candle has closed above the Ma on that specific timeframe.....This has nothing to do with the entry condition....

All the dash board wants to see is the amount of signals the you have specified for each time frame and in my case I have specified 5 min (5 required signals), 15 min( 5 required ), 30 min (4 required signals), 1 hour( 4 require signals), 4 hour ( 4 required signals) so only if it sees the amount of arrows as I have specified will it higlight the symbol column for EUR which is white at the moment..

So in summary if you shorten the look back the Ea will only show arrows in that period specified which is fine but in essence will perform exactly the same as a longer look back but just that the shorter look back will trade up and down signals if you only specify the currency strength signal lets say up to 30 mins, but the danger for me here is getting caught on the wrong side of the trend....but if you specify all the time frames with a short look back you definitely will get a trade.....one day but guaranteed a sure trade and one which I would not want to treat as a scalp but a swing trade..

It will be nice to catch the rhythm of the market by looking at each currency individually to see if we want to include it as a symbol to trade which we cannot do right now but I believe Rene will address this..

Anyway guys all I have time for now please feel free to ask questions...this whole process is really very simple and a great piece of work by Rene and George....I think some of us are just making it more complex than what it really is..

Tc

First I want to say I am in no way trying to be contrary Leon. I am just trying to wrap my head around your post and logic. I will use the example I posted here http://www.stevehopwoodforex.com/phpBB3 ... 80#p136633.
On every time frame from 5m to H4 the MAs had crossovers within the look back period to take a trade long but it was all based upon stale signals. The ONLY way a trade would not have been enacted is if look back was set to a much closer period than a full week. Even a day would have worked fine. There would not have been a crossover within that period for H4 and so the trade wouldn't have started.

That being said I guess I don't understand how look back doesn't matter. For medium term trades like you take I would think you would want only the most recent crossover on H4 so you can get in at the beginning of a trend or continuation.
I understand of course that it does leave a limited amount of time i.e a day, for things to line up such as strength so the trade is taken and it would keep you out of a long trend where the H4 MAs never cross for weeks so there is a downside for trading that TF.

I read your post over and over and I guess for me it doesn't really back up your origin point of look back shouldn't matter.
The original idea of Georges about fresh and stale signals imo plays a part in everything this EA does.

Of course one SL on a pull back up against multiple TP trades along the length of a long term trend is also a very valid argument also lol.

[Wavegarrick]

Hi Neo,

I will use the example I posted here MAD-EA.
On every time frame from 5m to H4 the MAs had crossovers within the look back period to take a trade long but it was all based upon stale signals. The ONLY way a trade would not have been enacted is if look back was set to a much closer period than a full week. Even a day would have worked fine. There would not have been a crossover within that period for H4 and so the trade wouldn't have started.

I thought you would have come in here firstly you did not specify what t/frames you used for the currency strength test. From your picture that you sent on that link it appears that you had a couple of buy trades earlier in the trend direction which gave you profit. It just so happens that on that day you opened your ea it opened a buy trade at the end of the run and a correction happened just after that. By the way if you only had lets say smaller t/frames from 5 min to 30 min included in the currency strength test it still would have opened a buy trade depending on the time in seconds between trades but if you reopen the ea the time in seconds between trades will zero your conditions and immediately open a new trade...it will not look at your previous trade. the ea resets that and will open a new trade even if you just closed a trade just a few seconds ago...so dont close and re open your ea template.

Pullbacks happen all the time and that is why I say that it will be good to have a set up where we can evaluate each currency pair and decide if we want to include it in the trade for the day ...I do believe that Rene is working on a solution for that..

Neo i think you must re read what I have said trades are only opened if my smaller t/frames are in conjunction with the ma cross so trades are only opened based on fresh signals based on the smaller time frames but in the direction of the medium term trend.

Ideally i would like to get in the swing when it happens but I am only trying to help for the benefit of traders that are getting into trades and the system now

Tc

[Wavegarrick]

Ok,

So here are my trades opened with the pound showing strength against the yen and dollar two trades opened

Neo in some way I understand what U are saying and I think u want the trade to open earlier but unfortunately this is the lag effect that we get from Ma's. Single line Ma's might get u an earlier entry or if we cut out the 4 hr strength an 1 hr strength u might want to look at increasing ur trade parameter with a higher Ma and look at a lower timeframe entry..

The choice is urs but right now my two trades running at 50 pips plus

[jren]

When I woke up this morning which was about 15 minutes after the ECB news conference started, net pips for the trades on my laptop were about 150+ pips and within 15 minutes, the profit was wiped off and the losses started mounting. As I looked at the reversal, I asked myself one question, if this were to be a live account, will you allow 150 pip profit turn into a 150+ pip loss. The answer was obvious and I closed all the trades manually leaving a net loss of 207 pips for the day. The EA refreshed and took new trades based on the new signals and within 25 minutes made 395 pip profit and the position was reversed.

How about having MPTM watch this for you?

[jren]

If you are one of the unlucky persons, who can not use Global Prime as your br0ker and have to use a dubious br0ker that has dubious symbols, you now have a way to use MAD-EA by properly configuring the ExcludeExtensions and/or IncludeExtensions parameters. You are already disadvantaged enough by not having Global Prime, so I thought to not add to your misery and make the changes in MAD-EA so that you can still run it

Yes, thank you goes to the U.S. CFTC for not allowing US residents a true choice of brokers as well as imposing severe limitations in leverage and trading styles.

[Wavegarrick]

So,

Between only 3 trades opened for the day not a bad days work with over 200 pips in a short space of time...the choice is yours if you want to hold for the longer term swing....especially when all I have done is type here all day long

Take care Guys have a great weekend....