10.3 SCALPER/RANGE TRADE SYSTEM

[jeremysprite]

Agreed, yesterdays and last night's trades have made up for some losers early in the week.
I'm back up into profit overall, just buying/selling at the GMT open, setting SL to DP+5 and trailing for 20 pips. I'm trying for the simplest setup, see if it has value, then add to it from there.

One thing I'm noticing is placing TPs has generally been a better idea, I choose either S/R 1 or 2 depending on the volatility of the pair.

[ciliano]

So good.

Started opening trades before the Europe open rather than right at GMT 00:00 and it has benefit me. I had two losing baskets earlier this week but last night while I was sleeping some time a 17 pair basket closed for +900 pips. I am still just using the simple, original 10.3 buy if red > black; sell if red < black and a basket jumping stop.

I am going to start this on a live account in December I think.

[disbellj]

Bob,

Your mention of D1 MA confused me.

You are referring to DO, but calling it MA.

I actually attached an MA indicator that shows a Daily 1 SMA. (Colored in pic)

Definitely different than DO.

Now that I know we are talking about DO and not an MA, then I'm on same track as you, and see nothing has changed except for the 5 LWMA Shift 1 Open, which I do see as a good addition.

Kindest regards,

Don

[surfandi]

Hello disbellj,
the colored MA in your pic does´nt show daily ma 1 open - the daily 1 MA open can´t move during the day!!! because it happens only one time every day.
if you want it right you need to use mtf MA and put it to 1440 min then it will show right in all timeframes...
it´s totally simple but i have problems to explain it in an easy way - sorry

[JulesvH]

On a quick side-note.

The "10.3 5.1MA BUY ANY TF SHFM 11.12" EA gave my error 129 everytime I used it, while the same sell EA works fine.
I looked into the code and noticed that the bool result had "Bid"in it instead of "Ask"
After changing that it worked fine.

Code: Select all

RefreshRates();
    if(Bid > Var1)
      {
        double stop = NormalizeDouble(Ask + (StopLoss * Point),Digits);
        if(StopLoss == 0) stop = 0;
        double take = NormalizeDouble(Ask - (TakeProfit * Point),Digits);
        if(TakeProfit == 0) take = 0;
        bool result = SendSingleTrade(OP_BUY, TradeComment, Lot, Ask, stop, take);
        if(result && UseSafetyFeature) 
          {
            RobotSuspended = true;
            Alert(Symbol() + " #10.3 NB 5.1 MA Buy EA has sent a trade and suspended itself");

[jimbob1406]

Hi everyone,

I tried to optimize the profits and the SL settings. My idea is - as mentioned in another post - to be longer in the run and give the PA a bit of space to retrace: So I backtested trailing stops, jumping stops and MA trailing stops. The best result I got with the MA trailing stop:

I am trailing behind the 15 min 10 EMA, shift 1, closed, SL applied to closed candle or current candle.
My starting SL has been between 20 and 30 pips. For volatile pairs like GBP/NZD and EUR/NZD (thx for that information, Bob!) I took 30 pips from the beginning. When I see that a trade won't go in my favour during EU open and it seems to range I have widen the SL to 30 pips to give that pair more room to play (like EurCad or GU today)) and I waited that NYO will bring the run to the right direction. At +15 my SL was -5 .

Still I am not sure whether trailing the 15 min 10 EMA, shift 1 or shift 2 is better. Well for JPY pair shift 1 will do well, but for the others I am still testing and playing around.

SUM 212,2
Wining trades 10
Losing trades 2
Average Win 24,1
Average Lose -14,5

Jim

[POH]

Very impressive win/loss ratio there jimbob and same with your avg win and loss. I thought I was doing well at 10wins:5loses and my avg pips wasn't as good as yours either. Do you use an EA for the trailing ema?

[disbellj]

surfandi, I see what you're saying, I guess there's just different ways of looking at it. At a timeframe straight on, or looking up at it from a lower timeframe. I just figure dealing with moving averages, it's all numbers, so I came up with mine that I am showing in picture and attached to thread shows same in all timeframes as it is an "mtf-on-the-fly" indicator. I just use period 1440 for TimeFrame, 1, SMA., Open. Simple. 1440 minutes = day. 1440/current timeframe = variable to multiply normal indicator period by to get resulting period to show on chart.

But I DO see what you're saying, and all I can say is there are different ways of looking at it. You're right though, the open time and price of D1 should not change LOL. Never thought of that when making the indicator. What I thought when making indicator is how a TmaTrue is 56 LWMA Typical, a Heiken Ashi Smoothed is a 20 LWMA Weighted, so if that's the case, then the above MTF method would work to give close resemblance of these indicators on multiple timeframes.

Thanks for the input though! I am on track ONLY because of the way the EA is written (like most coders would code):
double Var2 = iMA(NULL, PERIOD_D1, 1, 0, MODE_SMA, PRICE_OPEN, 0);

instead of...
double Var2 = iMA(Symbol(), Period(),(1*(1440/Period())), 0, MODE_SMA, PRICE_OPEN, 0);

... which is what I do code sometimes and should make sure to ask since I've done so many MTF strategies, wasn't trained as a professional coder, and always seem to look at things differently

Kindest regards,

Don

Hello disbellj,
the colored MA in your pic does´nt show daily ma 1 open - the daily 1 MA open can´t move during the day!!! because it happens only one time every day.
if you want it right you need to use mtf MA and put it to 1440 min then it will show right in all timeframes...
it´s totally simple but i have problems to explain it in an easy way - sorry

[atharmian]

Jim,

Good post with useful research...
I suppose that the MA superiority to other methods ought not be a surprise- MA is closest to price action and also simple to visualize.

I would say that the Shift needed should depend upon the volatility grouping of the pair(s) in question. So those volatility data are important- especially if we think not of aggregate values, but in terms of session (Asia-Euro-US) values. Perhaps someone can contribute session volatility data from some website?

Regards,
Athar.

Hi everyone,

I tried to optimize the profits and the SL settings. My idea is - as mentioned in another post - to be longer in the run and give the PA a bit of space to retrace: So I backtested trailing stops, jumping stops and MA trailing stops. The best result I got with the MA trailing stop:

I am trailing behind the 15 min 10 EMA, shift 1, closed, SL applied to closed candle or current candle.
My starting SL has been between 20 and 30 pips. For volatile pairs like GBP/NZD and EUR/NZD (thx for that information, Bob!) I took 30 pips from the beginning. When I see that a trade won't go in my favour during EU open and it seems to range I have widen the SL to 30 pips to give that pair more room to play (like EurCad or GU today)) and I waited that NYO will bring the run to the right direction. At +15 my SL was -5 .

Still I am not sure whether trailing the 15 min 10 EMA, shift 1 or shift 2 is better. Well for JPY pair shift 1 will do well, but for the others I am still testing and playing around.

SUM 212,2
Wining trades 10
Losing trades 2
Average Win 24,1
Average Lose -14,5

Jim

[disbellj]

Here you go (general volatility/liquidity, not individual pairs):

http://www.forexfactory.com/market.php#liquidity