miruvacapital wrote:Hi all, i currently use this indicator together with 3 EMAs and Bands to time trades manually - and have been profitable for over a year with this system - across H1 for AUDUSD EURUSD

Just today i picked out a bottom in AUD/USD at 1.0315 and now closed for 25 pips

I am sure that a system like this can be used mechanically with some tweaking and recovery - because no oscillator is 100% correct during heavy trends - but the 3 EMAs and hard SL is there to limit losses in such an event.


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I am currently placing this on Live with 0.01 lots on GBPUSD H4

It seems to work best with that using these settings and recovery - backtest seemed OK

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Steve, not sure if recovery works with ECN but i seem to be getting a lot of orders opened around the same price in backtest - rather than 20-30 pips apart. Is that an error or am i just an idiot? lol


Attached set file I am testing ...

miruvacapital wrote:Its on the screenie MA(6)

Anyway just a word of caution - do NOT use this with USD/YEN - it is the worst currency pair by fair to use any oscillator on - simply due to its high intervention levels and other stuff..

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Cool Steve

Let me give it a try - might put it on live today

miruvacapital wrote:Hmm - LocusFund you might need to DL the new version Steve attached, and use 1,1,2,4 Recovery instead of the 1,3,6 in the set . Also...

But still, I can't seem to get it to obey the hard SL set in parameters during my BT. Is this a bug?

Steve, is it possible to achieve the following grid-like recovery pattern with the current EA coding by tweaking the settings?-

Lets say I set a cash target per each trade cycle at $20 (using 0.1 lots = 20 pips) with a recovery mode 1,2,2 (with 20 pip gap between recovery trades)

Hard SL to be set at 80 pips from Trade 1 (all recovery trades will also be closed at this point - so assuming 0.1, 0.2 and 0.2 lots, maximum loss should be $280 per failed trade cycle)

Example:
Suppose a signal was given to Buy USD/CAD at 1.0000. EA opens up BUY at 1.0000 with 0.1 lots (TP: 1.0020, SL: 0.9920)

Market tanks to 0.9980. EA opens up BUY2 at 0.9980 with 0.2 lots (TP: 1.0000, SL:0.9920)

Market tanks to 0.9960. EA opens up BUY3 at 0.9960 with 0.2 lots (TP: 0.9980, SL:0.9920)

Market recovers back to 0.9980. BUY3 closes at $20 profit and we go back to Level 2 in trade cycle.

Market recovers back to 0.9990. BUY 2 closes at $10 profit, BUY1 closes at -$10 loss. Total profit $20. Trade cycle is closed.-

EDIT added screen of earlier trade - just to give a feel for how the system works

SteveHopwood wrote:...I will think about it, but this has gone in the space of about 48 hours from a simple scalper that does not need Recovery, to a much more complex thingy with ludicrously complicated Recovery. You should be aware that coders hate this kind of mission-creep. Apart from anything else, it opens up the opportunity for LUC to invite his pals around for the bender of the decade, a level of chaos that can take hours to sort out.

So, is this a serious strategy (Recovery, I mean) or are you merely thrashing around in the dark?

astral77 wrote: You are the victim of your own success and reputation. Therefore, we think anything we can do as human beings can be done by an EA. All we have to do ask STEVE to make it happen and it happens. Speaking from my own experience of your EAs for the past 4 years. What I thought to be extremely complex and impossible to code was relatively easy for you to code and what I thought would be a walk in the park turns out to be very complex task. In reality I am just demonstrating total lack of knowledge of programing. For example at present I am very keen on knowing when an EA has entered a trade. The most obvious method is an email (rather than alert). Because, emails are sent to our mobiles and we know straight away. I thought this would be very easy but this is not the case.

Kind regards

void SendEmail( int ticket )
{
	if( !IsTesting() && !IsOptimization() )
	{
		SaveOrder( push );

		OrderSelect( ticket, SELECT_BY_TICKET );
		string type = "Buy";
		if( OrderType() == OP_SELL )
		{
			type = "Sell";
		}

		string open =  DoubleToStr( OrderOpenPrice(), MarketInfo( OrderSymbol(), MODE_DIGITS ) );
		string state = "opened";
		string close = "N/A";
		double profit = 0;
		double runUp = 0;
		double drawDown = 0;
		if( OrderCloseTime() != 0 )
		{
			state = "closed";
			close =  DoubleToStr( OrderClosePrice(), MarketInfo( OrderSymbol(), MODE_DIGITS ) );
			profit = OrderProfit() + OrderSwap() + OrderCommission();
			runUp = GetOrderRunUp();
			drawDown = GetOrderDrawDown();
		}

		string title = AccountNumber() + " " + GetEAShortName();
		string msg = StringConcatenate( OrderSymbol(), " ",
			TFtoString( Period() ), " ",
			type, " order ", state, ".\n",
			"Balance: ", AccountBalance(), "\n",
			"Equity: ", AccountEquity(), "\n",
			"Order Open: ", open, "\n" );

		if( OrderCloseTime() != 0 )
		{
			msg = StringConcatenate( msg,
				"Order Close: ", close, "\n",
				"Order Profit: ", profit, "\n",
				"Run up: ", runUp, "\n",
				"Draw down: ", drawDown, "\n" );
		}

		SendMail( title, msg );

		SaveOrder( pop );
	}
}