Request for Automation: Simple EA

Post by **SpiderX** » Sun Jun 15, 2014 3:45 am

Hi gary,

Have you traded this system in ranging markets ?
This kinda system looks prone to issues in ranging markets.

Cheers

Post by **myfxpt** » Sun Jun 15, 2014 5:49 am

Thanks for your question.

A price breakout is confirmed by Williams % Range breaching either the -20 or -80 line, and OsMA crossing the zero line. Hence, most false signals associated with ranging prices are filtered out.

Cheers,
Gary

Post by **SpiderX** » Sun Jun 15, 2014 1:57 pm

myfxpt » Sun Jun 15, 2014 1:49 pm wrote:Thanks for your question.

A price breakout is confirmed by Williams % Range breaching either the -20 or -80 line, and OsMA crossing the zero line. Hence, most false signals associated with ranging prices are filtered out.

Cheers,
Gary

Hi Gary,

Thanks for the reply.
As a note, why not use a small live account ?
It would be rather painful if a few months later ...the results are good and people are saying "It is just good on demo".
That would be a few months worth of time down the drain.

Cheers

dudest · Post by **dudest** » Sun Jun 15, 2014 4:53 pm

SpiderX » Sun Jun 15, 2014 4:57 pm wrote:
Hi Gary,

Thanks for the reply.
As a note, why not use a small live account ?
It would be rather painful if a few months later ...the results are good and people are saying "It is just good on demo".
That would be a few months worth of time down the drain.

Cheers

Good point...

Post by **myfxpt** » Sun Jun 15, 2014 9:21 pm

SpiderX » Sun Jun 15, 2014 11:57 pm wrote:
myfxpt » Sun Jun 15, 2014 1:49 pm wrote:Thanks for your question.

A price breakout is confirmed by Williams % Range breaching either the -20 or -80 line, and OsMA crossing the zero line. Hence, most false signals associated with ranging prices are filtered out.

Cheers,
Gary

Hi Gary,

Thanks for the reply.
As a note, why not use a small live account ?
It would be rather painful if a few months later ...the results are good and people are saying "It is just good on demo".
That would be a few months worth of time down the drain.

Cheers

I understand your point, but at the end of the day it's just a simple manual strategy.

Cheers,
Gary

Post by **SteveHopwood** » Mon Jun 16, 2014 8:43 am

Just to let you guys know, I have started the coding. I probably will not finish today as I have a busy afternoon, but tomorrow for sure.

Post by **SpiderX** » Mon Jun 16, 2014 2:29 pm

myfxpt » Mon Jun 16, 2014 5:21 am wrote:
I understand your point, but at the end of the day it's just a simple manual strategy.

Cheers,
Gary

Hi Gary,

Precisely since it is a manual strategy, it is good to go for a real money account as the psychology of the trader becomes a factor.
A demo account can be considered "play" money and we wont know if the performance is the same once real money is at stake.
It would also be more rewarding for your purposes to use a real account.
For your consideration...

Cheers

Post by **myfxpt** » Mon Jun 16, 2014 9:30 pm

SpiderX » Tue Jun 17, 2014 12:29 am wrote:
Hi Gary,

Precisely since it is a manual strategy, it is good to go for a real money account as the psychology of the trader becomes a factor.
A demo account can be considered "play" money and we wont know if the performance is the same once real money is at stake.
It would also be more rewarding for your purposes to use a real account.
For your consideration...

Cheers

The penny has finally dropped! That is a good point, SpiderX, and not something I had considered. To be continued...

Post by **SteveHopwood** » Tue Jun 17, 2014 12:38 pm

Here you are guys. I will start a thread for this in Automation later on. Play with this for the time being. Use it ootb apart from lot size unless you know what you are doing with the indi inputs. I called the ea Gary after the system designer.

Post by **beorne** » Tue Jun 17, 2014 12:56 pm

Thank you Steve.

I'll place it on a demo and report back.

b.