MADTrader

[Wavegarrick]

Hi George,

I will test this when the market opens next week but just wondering aloud, will the D1 generate any signal with a 240 minutes lookback

Yes it will Buddy, If you have maddy highlighted it will open a trade if your conditions specified on mad trader is in the correct order with stack trades. I am still cautious of daily stack trades and the possible drawdown but nevertheless fresh signals are the source of my interests here with longer term trades.

Thanks again George :hi:
Tc

[MathiasJ]

Hi Mathias,

I am glad to see that you are putting alot of thought into this Ea...you will only be a winner if you continue like this.

Here is my thinking..I mentioned in previous posts that we have only scratched the surface of what Maddy and Madtrader can do for us.

The 5 and 15 min setfiles that I have posted on page 66 will deal more with intraday swings based on fresh signals that Maddy has produced. Now, these I will handle with infinite care because these trades will open against and with the immediate term trend. How do I define an immediate term trend?...well it is simple I go to the 1hr, 4hr and daily chart. If you look at how often the 21 and 60 lwma set to open crosses over.. look at Gbpjpy for example it has just crossed back down now and had a run up of 500 pips. So what if you throw in 1 hour stack trades, stochs, Hgi and Ma crossover with 21 and 60, trades will only open if the Maddy dash board is highlighted and like in the recent Gy u/trend for example only buy trades would have opened getting you nicely into the trend with pound strength and Yen weakness derived from Maddy. No countertrend trades would have opened with Madtrader on the hourly and 4 hourly timeframe. :youknow:

So by having this as well, you have intraday trades and medium term trades all under one roof. Heck you can even throw in the daily time frame and have long term trades under your roof all from one maddy dashboard...the whole idea is to have these trades all opened only with fresh signals with a short look back on the 5 and 15 min Maddy dashboard..You can either be the complete trader with all of these under your roof or you can choose to be only one of them, I have chosen to be all of them

It will not always be a bed of roses. I don want to for example have Mptm handle my med term trades with a small jump stop so I have set this this to B/even 10 after 100 pips and a jumpstop of 50 pips and therefore I have to rely on my intraday trades to be handled by madtrader with close of Ma's and Hgi in the opposite direction and we all know the lag effect of Ma's and can result in trade closures in the red. So Mathias, I like your idea of increasing the time inbetween trades especially with intraday trades. Nevertheles these trades are closely monitored and are manually closed with each session. The trades that are with the med term trend, I will let it run 24/5. Hope this answers your question.

The idea for me is to run all this for a period of time and decide which settings have performed the best as well as currency pairs. I dont want to throw all my setfiles out here because I will just confuse alot of traders. Hopefully after a period of time I can share the setfiles that have performed the best. But I do encourage all to expand on my ideas. Trust me, you have the complete package here from George and Rene Very few realize what Maddy can do and I hope I have planted the seeds for more to get interested .

Have a great weekend
Tc.
Edit Forgot to mention this. So in essence by using the 5 and 15 min Maddy dashboard I am using intraday swings to get back into the medium term trend by using Madtrader Ma set to 21 and 60 on the 1 hour t/frame and of course this will only apply for method of entry - stack trades or Ma crossover but care should be taken with Hgi and Stochs because Madtrader will not look to see if you are still above 21 and 60 on the hourly timeframe. Hope I make sense.

Great writing Wavegarrick!
I just wonder if having it all under the same roof also mean that you now have also 4H and 1D in your MADDY table and part of the signal?
Or maybe we should have the possibility to choose Method of Calculation for each column?
Then we can have MA Cross for D1 but MA Stack for H4, H1, M30, M15, M5 in MADDY. And then we can select the trigger we see suit best in MADTrader.
Are these thoughts already overlooked and seemed irrelevant or do you have any such plans?
I actually think of having multiple triggers in MADTrader, maybe it woiuld be best to have MACross for D1 21,60 as one condition in MADTrader together with eg Stoch etc. Maybe I am complicating things but bear with me, I also see that it is great potential in MADDY and MADTrader and that we may take it even more steps further...!
I will digest what you have written and maybe adjust my tests based on your input.
When you write it is sometimes difficult to be sure if you mean settings in MADDY or in MADTrader when it comes to MA Stack and MA Cross but I think I understand what you describe.
This is FUN! Thanks for sharing your knowledge!
BR
Mathias

[919gilead]

Hi George,

Yes it will Buddy, If you have maddy highlighted it will open a trade if your conditions specified on mad trader is in the correct order with stack trades,,, Care should be taken when you open Empty4 because a trade will open immediately if you open Empty4 and you have your Maddy dashboard highlighted...I am still cautious of daily stack trades and the possible drawdown but nevertheless fresh signals are the source of my interests here with longer term trades.

Thanks again George :hi:
Tc

Thanks Leon and great to know Will do some fresh testing next week.

[Wavegarrick]

I just wonder if having it all under the same roof also mean that you now have also 4H and 1D in your MADDY table and part of the signal?

Mathias
I am using the 5 and 15 min Maddy dashboard on Pg 66. with a lookback of 240 minutes with the idea of getting fresh signals..using 1 hr, 4hr and daily in your dashboard and a lookback of 240 mins, you might wait till next year for a trade

Are these thoughts already overlooked and seemed irrelevant or do you have any such plans?

These are allready being tested since posted on Pg 66 and I have also been using the 1hr, 4hr and daily settings on madtrader v1.1.... 1 hr ma stacking with 21 and 60 Linear weighted a good option to use here as well as Ma crossover and Hgi. Stochs has also not been too bad..the reason why I did not post this then, is because I would horribly confuse some traders..I want to test it over a period and share the best test sets here. The other thing is you will have many trades open up with all these ea's running and this I am busy filtering out through a process of elimination the non performing currency pairs and sets.

I will digest what you have written and maybe adjust my tests based on your input.
When you write it is sometimes difficult to be sure if you mean settings in MADDY or in MADTrader when it comes to MA Stack and MA Cross but I think I understand what you describe.

Yes you need to digest what I have written when I say Maddy I mean the dashboard indicator. when I say Mad trader I mean the Ea v1.1

Tc

[steely]

Hi Ceeg I am glad you are up and running and in profit

Steely please feel free to participate mate once you are up to speed with Madtrader

Tc

I am currently running the 20/35 LWMA cross at 5M. Your 21/60 seems to be the better solution.
My set MPTM is 20 pips jump and 10 BE.

[stock]

Hi

I have some question, Do we need to open Market Watch panel?.
Right now I close it to increase CPU and memory in my VPS.
I try to read the manual. I copy some part below.

"MADDY has been hard coded, to work with the 8 major currencies (AUD, CAD, CHF, EUR,
GBP, JPY, NZD, USD) During the initialisation phase, MADDY will iterate over all the
currency pairs (and indeed symbols such as GOLD, DAX, OIL) your broker offers, and
select all those pairs that have two of the 8 major currencies in their name. If any of these
pairs were not enabled in the Market Watch panel, MADDY will silently do this for you, as
she needs to have access to their historic and live price feeds."

It's seem no need to open maddy will do this.
Am I understand right?
Thank you.

[renexxxx]

Am I understand right?

Yes, you understand right.

[trader689]

Mathias any updates from your tests? thanks

Hi Wavegarrick!
I have now succeeded to set up three demo accounts with different setups. I will give it next week as well before posting any results but it is clear that some triggers work better than others.
So far MA Cross 5 (34,21) and MA Stack 15 (34,21) is giving best profit.
Currently I start at London open and let it trade for 5 hours. Then after 1 or 2 more hours the trades are closed automatically.
I use milanese_APTM to handle it.
Have also the BE at 10 and jumpstop 50.
You have explained some parts of the exit strategies, but do you really run 24/5 now?
Or is that due to the fact that you use stoch?
BTW I have added one more setting in MADTrader, ExitCheckDelay=300 to use if the trigger is giving unclear signals leading to many opened and directly closed trades until the direction is clear. It means that it will not check for MACross etc until after those seconds. This seem to help.
Will look into adding a News filter as well later.

Any response to my thoughts?

BR
Mathias

[MathiasJ]

Mathias any updates from your tests? thanks

My results from last week is not ready to be published but let me say that Wavegarricks settings is still best.
Apart from that I am still adjusting too much to make a fair comparison.
Need more time and pips before a more comprehensive report
Br
Mathias

Edit: I unfortunately had a problem with APTM, maybe it was me not configuring it correctly ... so I have now restarted the tests using MPTM to manage SL, BE, Jumpstop etc. So it will take yet some days before I have any results...
But it is for sure interesting to explore this area

[MathiasJ]

Hi All!
I am still collecting statistics of how to run this beast in the best way and I really encourage you who read this to do it as well!
This is not as good as I hoped for, in fact I think it is way better!!
It just takes some time to figure out what are the best settings for MADDY, best TP, SL etc and that you may not run it in sertain times.
But in the long run this cannot be anything else than a winner!

I have downloaded several settings from Wavegarrick and others to start with and you can do the same, but I also encourage you to explore more paths here as there are numerous ways to run this.
Wavegarrick outlines some thoughts and there are more ways.
For longterm trading, medium term trading, intraday trading and scalping. And all those strategies may need their specific settings and setup, both for MADDY, MADTrader and MPTM (or whatever you use).

I had a another break in the internet connection from my test machine so my statistics are still not fully consistent, but working on it.
I also post a script tool to be used for evaluation of trades and SL/TP levels in Excel if anyone is interested.
It creates a CSV of the historical trades and also the peak and DD for the individual trade during its lifetime, and added to that also what extreme happened first, was it DD or Peak first
It can be valuable when looking at setting eg TP to 30, 40, 50 or 60 pip and also what SL is good in order cut losses but also not to miss opportunities. It will be updated to select certain dates but currently handle all.
Make sure that your history for each pair is updated, otherwise it may show errors.
What it does is copying an array of rates in TF_M5 and looks for highest high and lowest low. This means that it is not exact values all the time but it gives a good hint of the pattern.
CU later!
Mathias