Page 3 of 5 FirstFirst 12345 LastLast
Results 21 to 30 of 45
  23 23 Attachment(s)    

Thread: Cowabunga System EA

  1. #21

    Default

    Quote Originally Posted by funyoo View Post
    Hi forexcu,

    This error happens when the modification of the trailing stop has already been made. You can ignore it.
    hey thanks funyoo...I'll do.

  2. #22
    Junior Member
    Join Date
    Jan 2009
    Posts
    7

    Default

    i am a bit confused cause you guys use m5 for testing.
    isnt it designed for m15? should i use for live trading m5 or m15 chart?

  3. #23
    Junior Member
    Join Date
    Jan 2009
    Posts
    28

    Default

    Quote Originally Posted by tobias22 View Post
    i am a bit confused cause you guys use m5 for testing.
    isnt it designed for m15? should i use for live trading m5 or m15 chart?
    Yes as far as my experience, I've also traded cowabunga on M15. The way things are going with the cable right now, I'm not sure how effective the system has been even for pip surfer who is the main guy using it.

    I know that outside of this last week or so, it's been really effective. I'm sure things will settle down for the cable but with the massive sell off, it's been really trending hard.

    I know ppl use it for the GBPJPY as well and have had great success with it, it'd be awesome to get this EA performing like manual trading.

    The hard part is setting correct stop loss and take profits.

    Stop loss is supposed to be the last swing high or swing low. I know that TRO_SupResHH has auto fib calculations based on last swing high and or swing low, perhaps thats a starting point.

    Funyoo, can you add this to the EA?

    Also as far as take profit, can you adjust to automatically pick the closest 00 or 50 as long as those some adjustable setting like 20 pips?

    Attached is the TRO_SupResHH indicator I mentioned.

  4. #24
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by verbtheory View Post
    Yes as far as my experience, I've also traded cowabunga on M15. The way things are going with the cable right now, I'm not sure how effective the system has been even for pip surfer who is the main guy using it.

    I know that outside of this last week or so, it's been really effective. I'm sure things will settle down for the cable but with the massive sell off, it's been really trending hard.

    I know ppl use it for the GBPJPY as well and have had great success with it, it'd be awesome to get this EA performing like manual trading.

    The hard part is setting correct stop loss and take profits.

    Stop loss is supposed to be the last swing high or swing low. I know that TRO_SupResHH has auto fib calculations based on last swing high and or swing low, perhaps thats a starting point.

    Funyoo, can you add this to the EA?

    Also as far as take profit, can you adjust to automatically pick the closest 00 or 50 as long as those some adjustable setting like 20 pips?

    Attached is the TRO_SupResHH indicator I mentioned.
    Hi verbtheory and welcome,

    Good idea, here it is.
    Attached Files Attached Files

  5. #25
    Junior Member
    Join Date
    Jan 2009
    Posts
    28

    Default

    Quote Originally Posted by funyoo View Post
    Hi verbtheory and welcome,

    Good idea, here it is.
    Thanks funyoo, will be backtesting this weekend.

  6. #26
    Junior Member
    Join Date
    Jan 2009
    Posts
    28

    Default

    I'm planning on testing with M15 as the original method calls for. I think M5 is much noise and subject to whipsaws.

    Other thing to note is that this system doesn't produce many trades. During a daily session there may be only 1 or 2 valid opportunites but they are normally pretty good trades.

    I think the goal is to find 1-2 solid trades per day of 20-30 pips on GU & GY respectively.


  7. #27
    Junior Member
    Join Date
    Jan 2009
    Posts
    28

    Default

    Quote Originally Posted by verbtheory View Post
    I'm planning on testing with M15 as the original method calls for. I think M5 is much noise and subject to whipsaws.

    Other thing to note is that this system doesn't produce many trades. During a daily session there may be only 1 or 2 valid opportunites but they are normally pretty good trades.

    I think the goal is to find 1-2 solid trades per day of 20-30 pips on GU & GY respectively.

    I did testing on the EA over the weekend and the RSI Powermax EA. I think the RSI Powermax has better potential.

    I'm moving my efforts to that thread as I have suggestions on how to improve the EA.

  8. #28

    Default

    Hey Funnyoo!!!

    Nice work on using an AUTO STOP loss feature!!!!!!!!!

    If I understand correctly, the Auto Stop loss function is using the stop loss as some sort of swing low. Well, while backtesting this against the GBP/USD it looks as though its setting the SL at the low of the last 5 hours! Is there anyway to make the Auto Stop Loss at the low of the last candle?
    Regards,
    M.
    "No one ever went broke by taking a profit"

  9. #29
    Administrator funyoo's Avatar
    Join Date
    Sep 2008
    Posts
    7,003

    Default

    Quote Originally Posted by sirkeen View Post
    Hey Funnyoo!!!

    Nice work on using an AUTO STOP loss feature!!!!!!!!!

    If I understand correctly, the Auto Stop loss function is using the stop loss as some sort of swing low. Well, while backtesting this against the GBP/USD it looks as though its setting the SL at the low of the last 5 hours! Is there anyway to make the Auto Stop Loss at the low of the last candle?
    Hi sirkeen,

    Here is another version. You can modify this with the HiLoCandles parameter.
    Attached Files Attached Files

  10. #30
    Junior Member pipalot's Avatar
    Join Date
    Feb 2009
    Posts
    3

    Default

    Quote Originally Posted by funyoo View Post
    Hi sirkeen,

    Here is another version. You can modify this with the HiLoCandles parameter.
    I am finding that the EA never enters any trade in strategy tester. I have tried 5min and 15min time frames for last two months on IBFX.

    Am I missing something obvious? I am familiar with backtesting EAs.

    Also it is worth noting that the results for Cowabunga are improved by setting the SL at the low of the signal candle (assuming a buy). I have manually backtested that on GBPUSD. So don't spend time trying to write code to set the stop-loss at the last swing because that is not the optimum strategy.

    The EA is using MACD, but in MT4 you need to use OsMA (the MQL function is called iOsMA) to match the Cowabunga system. This is a quirk in MT4 - remember that in MT4 you use iOsMA to get a proper MACD histogram value. Simply replace the iMACD function call with an iOsMA call in the code. This is how the same change that I made to the infamous Cowabunga Indicator to get it working properly.

    Looks like some good work has been done here. Kind regards,

    Kind regards,

    Pipalot

Similar Threads

  1. SIMPLE SCALPING SYSTEM , REALLY GREAT SYSTEM FOR ALL
    By afoson in forum Ideas for expert advisors
    Replies: 9
    Last Post: 11-26-2010, 17:56
  2. Very Profitable System....-Roi system
    By roif in forum Ideas for expert advisors
    Replies: 0
    Last Post: 12-14-2009, 11:10
  3. PipsFlush System F (Manual Trading System)
    By rstr in forum Commercial manual systems
    Replies: 1
    Last Post: 08-13-2009, 15:18
  4. Learn System Poacher Trading System
    By mehdisalehi in forum Technical analysis
    Replies: 2
    Last Post: 05-21-2009, 03:27
  5. Cowabunga System
    By sirkeen in forum Ideas for expert advisors
    Replies: 2
    Last Post: 01-14-2009, 19:34

Tags for this Thread

100, advisor, automated trading, backtest, backtesting, candle, change, crossover, currency pairs, demo, eas, expert, expert advisor, forex, forex blog, forex trader, free, gbpjpy, gbpusd, high, home, how to, indicator, indicators, live, low, macd, main, managed, manual, manual trading, martingale, mql, mt4, osma, profit, profitable, programmer, programming, resistance, robot, rsi, signal, signals, stoch, stochastic, stop, strategy, support, system, test, time, trader, trading, trailing, trend, usd

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •