Master Zen

[fx800]

I am posting the mod ea by Renee here for our coders to have a look, and not for general download.

I have run it on Empty4 tester, it doesn't seem right, for some reason.

If it is found trading correctly by one of our coders, then it will be available for download in post 1.

The basic criteria for a buy is

1. Price above 240LWMA

2. The HA candle must turn blue (bull candle) at candle close.

3. The current candle must cross and closed above the daily pivot.

Any comments, anyone ?

[ck0805]

Hi fx8000,
Thanks to you and Renee for the sharing, will feedback any findings once we get a trade either later today or early next Mon.

[fx800]

Since no comment is forth coming for the mod ea by Renee, I have revised the entry code for buy as follows and the opposite for sell

Code: Select all

      if (iClose(Symbol(),0,2) >= DailyPivot) return;//the last candle but one must close below the DP
      if (iClose(Symbol(),0,1) <= DailyPivot + (PivotBufferPips*Point)) return;//the last candle must close above the DP plus bufferpips 

The trade will be triggered by the first candle that crosses the DP at the start of a move. No re-entry options are available at the moment. In view of this, I have set the default for UseStoch to false.

v.5.08 in post 1.

[fx800]

I have added Fxdaytrader's weekly pivot boundary filter which would keep the ea out of trouble when a pair is trading outside its normal boundaries like recently.

Set the UseBoundaryFilter to true to enable it. The default BoundaryMode is 2, which means the ea will not trade outside WR2/WS2.

If you do not wish the ea to trade outside WR1/WS1, then set BoundaryMode to 1.

Thanks to Fxdaytrader for the code snippet.

Update v.5.09 in post 1.

I have kept v.5.08 in post 1 in case you do not wish to use the boundary filter.

[fx800]

This is completely off topic.

You may be aware that MrLong coded one of the best basket trend ea's in Steve' forum. Like so many other ea's, it did suffer from the ranging markets during the summer doldrums.

However, recently, trend appears to be returning to the markets, and the ea has sprung back to life again.
One of our very hard working contributors in Steve's forum (Fxdaytrader) has very kindly implemented Shelley's trend filter as used in BASA to MrLong's ea. Basically, buy only if 60LWMA > 240LWMA and price > 60LWMA, and opposite for sell.

By Bob's definition, you are only buying into the up trend and selling into the down trend. Only yesterday, Bob posted that there are enough trades each week if you trade only the trend, and leave the ranging trades alone. You may have already noticed how powerful the 60LWMA is and price often respects it.

So, I would like to bring to your attention where the modified ea is. By all means continue using MrLong's original ea, as it is really a masterpiece, then compare the results.

The mod ea can be found here http://www.stevehopwoodforex.com/phpBB3 ... =15&t=3175

[fx800]

Only one trade today, nzdusd long, +23 pips, still open.

The entry was spot on.

[fx800]

The results have been disappointing.

The account balance is down almost 10%.

Next week, the UseStoch will be set to true to use pullback.

[fx800]

For some unknown reasons, the ea has not taken a single trade since the UseStoch was set to true.

Will have a look at the code this weekend.

It is just as well because most on my demo ea's lost money this week, as the market traded sideways due to the ongoing stalement in the US.

[fx800]

I have looked through the charts for the previous week and found that useStoch had filtered out several potential trades because the stoch condition occured several bars back prior to the pivot cross.

I have now disabled the useStoch and continue the demo with the original settings.

The market will be trading sideways until the impasse in the US Congress is resolved. We will see if the ea can recover from its losses after that.

Until then there is nothing to do, as there appears to be no coders volunteering to improve the ea.

However, there are many alternative ea's in Steve's forum to play with, and the one showing the most potential is BASA.