Maximum profit/lose is 100/27

Joe100 · August 26, 2009, 5:33am

Hello my friends, sorry I’m late to reply, because my internet connection is disrupted.

Joe100 · August 26, 2009, 5:35am

My pleasure, please check pm.

CoenDeDerde · August 26, 2009, 5:37am

Not so nice for a trader.

I have tethering via iPhone as back up, may be an idea?

Joe100 · August 26, 2009, 5:43am

Your welcome, I hope you can get good results in the future.

Mazda · August 26, 2009, 6:03am

Hi Joe, I am still wondering how can I add those arrows to my template? I have added all the other indicators but I am just a little bit confused about the Red and Green arrows that you have in your examples??? Thank-you very much for your time.

CoenDeDerde · August 26, 2009, 6:11am

Fabio,

I have added some comments (marked with CDD) to your PPT.

Joe100 · August 26, 2009, 6:20am

Thank you bro, I have a backup but also slightly damaged.

Joe100 · August 26, 2009, 6:24am

Same process with supertrend and CCI, please try again.

fsprea · August 26, 2009, 6:25am

Hi people,

thank you so much, Coen, for your comments. I have no time to go into details there, but it looks good.

Mmmm… I have a quite serious problem in my scripts at the moment. The Supertrend indicator and possibly also the CCIkino have quite a lot of bugs. Technically it is probably called “repainting”. In metatrader, especially if you look in the “data window” where the supertrend line is changing color, you see that there are two values, both for the green and the red line. Of course, for intelligent human traders that is no problem. But for a computer, finding two numbers where you’re supposed to have just one… it’s getting crazy!

Coen, I don’t know if this could be a problem also with your program.

Now: correcting and modifying others’ code is always a pain.

Joe or anybody else: do you have some info where the hell this sa_MTEI is coming out from? Is there somewhere a “human” description on how this indicator should be constructed and the rationale behind?

I navigated quite a lot of web pages and forums, by now, but didn’t find anything convincing. Perhaps with such a background it could be possible re-designing the same indicator but without algorithmic problems.

… Otherwise I’ll go the long way on: first understand which were the “intentions” of the coder of this one, and then try to correct the logical mistakes…

Hope to have news!

Bye

Fabio

CoenDeDerde · August 26, 2009, 6:33am

This repainting is no problem whatsoever

kino_CCI:
Green when CCI1 > 0 && CCI2 >0
Yellow when (CCI1 >= 0 && CCI2 <= 0) || (CCI1 >= 0 && CCI2 =< 0)
Red when CCI1 < 0 && CCI2 < 0

SuperTrend:
Green when CCI > 0
Red when CCI < 0

EMA:
Green when fasterEMA > slowerEMA
Red when fasterEMA < slowerEMA

Mazda · August 26, 2009, 6:33am

Sorry Joe, I meant that I dont know the name of the indicator for the arrows and where and how can I possibly bring it up on my screen? I am attaching your example, and I mean the Green and Red arrows in your picture. Thank-you.

CoenDeDerde · August 26, 2009, 6:34am

This repainting is no problem whatsoever

kino_CCI:
Green when CCI1 > 0 && CCI2 >0
Yellow when (CCI1 >= 0 && CCI2 <= 0) || (CCI1 >= 0 && CCI2 =< 0)
Red when CCI1 < 0 && CCI2 < 0

SuperTrend:
Green when CCI > 0
Red when CCI < 0

EMA:
Green when fasterEMA > slowerEMA
Red when fasterEMA < slowerEMA

Joe100 · August 26, 2009, 6:50am

fsprea:

Hallo Joe,
thank you very much for your kind and deep reply, and also for the compliments (:o make me becoming reddish: not necessary!).

Now it is much clearer about the entries: the 5 min tf was a missing piece of the puzzle. I checked some of the entries of this zone we are analyzing. It would not have worked always in the “automatic way”. Of course for you nice people trading it manually can be much easier, because you “see” where price is going tick by tick and apply your “human judgment” (that is immensely better than computer monkey-like order-execution trading. But it has some other advantage, on the other hand. E.g.: computers do not need to sleep and don’t have feelings like fear or greed, LOL!).

I have come to a sort of “Solomon decision” in this respect. The first version of my code will enter AT MARKET when a signal appears. Let’s see whether this will cause only a minor decrease in profitability or big problems… It is anyway a sort of “average” between starting after a small retracement or waiting for a little more momentum and follow the strong trend…

Thanks also for the (repeated) advice about top and bottom areas. Again: it is quite obvious for you wise and good “human trader”. It is a bit more complicate to explain it to a computer. Nevertheless I have noticed by visual inspection of some screens in the past that usually it is not so frequent getting long signals when close to the top or vice-versa (meaning that most of the times you’re already IN a position, so you’re simply ignoring further signals). Besides that, the few ones I noticed would have been stopped out at break-even by the trailed STOP LOSS. Let’s see: I never rely too much on my visual observations, because they are episodic. I can look at very few data. The real “proof” comes only by backtesting huge historical series, were you can then draw some statistically sound conclusion.

I notice with [B]big interest[/B] your highlighting of the [B]sideways[/B] conditions. Again: believe me. Teaching a computer being careful in the “sideways” times (that are quite clear for you - even for a dummy like me :D) is [B]very difficult[/B], and probably is half the way to the “holy grail”. So, I suppose you would have staid out of the market in this phase, isn’t it? Can we find a simple pattern to be told a computer (but also to all of us)? For instance: "if the supertrend is flat, do not take any signals before there is a color switch (i.e. if the flat area starts with green do not take signals until it becomes red - and eventually green again -)? Or maybe the mechanisms of the trading system as you developed it are robust enough to avoid big losses also in such cases. This seems to be true for instance in my slide n.3 of the previous post.

Finally:

It is not very clear what you mean here. I don’t understand the 38% figure. Does it mean that, due to your working schedule, you get only 38% of the potential signals? Well, looking at the record of your successes you presented in the thread, this seems to be [B]more than enough for a living[/B]! LOL! But, letting jokes apart. This could be an interesting issue. Apparently this 38% of signals are the “good ones” because you report an 80% accuracy (8 out of 10). It is possible that the market has some behaviour pattern that is hard to recognize, and develops good moves (catched by the combination of indicators you gave us) especially during [I]your trading time[/I]. Would it be possible to know when you trade, normally (with a GMT reference, of course)? This could be a nice filter, perhaps.

For the EA story look at your PM.

Over, for now! A wonderful day to all, here!

Bye

Fabio

Hello Fabio, Actually, not 38% but only 26%. From the date of August 1 to 21, I only got 648 pips ( GBPUSD pair) when it should be 2.460 pips after I perform a back test of all valid signals. So I am very interested in the EA for this indicator.

Happy trading

CoenDeDerde · August 26, 2009, 7:00am

I don’t think we can get all of the valid signals with the EA, or when we can there will be also a lot more whipsaws IMO.

But it is nevertheless fun to try creating an expert that is better than a human.

Joe100 · August 26, 2009, 7:01am

It name is EMA Crossover Signal, I had sent the link.

Joe100 · August 26, 2009, 7:37am

Sell EURUSD from pivot 1.4303. Target is bottom 1.4090

Joe100 · August 26, 2009, 7:41am

Bro, I’m sure you can make this EA. And I hope it can generate 60% of all valid signal.

CoenDeDerde · August 26, 2009, 7:43am

At least it got the signal posted by you above

But be4 that it got 3 whipsaws each a few points

Sideways moving is bad for the EA atm.

Joe100 · August 26, 2009, 8:01am

I’m sure you will find a way to avoid the wrong signal.

To avoid sideways you have to teach EA not to open long positions in the top area.

Mazda · August 26, 2009, 8:21am

Hey Joe, I have been following your system since this morning and I Entered Short on EUR/ USD according to your system. I just looked at your post and you are in the same trade, thats good to know. I was wondering wat settings are you using for the EMA crossover indicator? Because you have more arrows then I do?! my current settings are 4,8, true. In addition, your target is 1.4090 right? I am just wondering if market is actually going to hit 1.4090 since it is a LOT OF PIPS. 180 Pips to be exact. Lol I can buy a new Mercedes if it actually makes it there :D. Good luck.