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Thread: Pattern EA

  1. #251
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    Hello everyone and I hope all are having a great day!
    Been having some issues with the laptop here regarding the mt4stats.For some reason ip filtering keeps turning on and then I have to turn it off manually.Looks like it is working again:
    MT4 Stats - Share your MetaTrader 4 Stats with the world

    I do have some questions regarding setup.I am now testing version v103 cci filter on 19 pairs on 30 min tf.All the settings are at default with the expections of the following: CCifilter true: Uselevel true.
    I would think that at some period during the day a gartley would form that would trigger off a trade on each pair?
    Not getting that many trades.For example, right now I see a gartley on the Eur/USD that I think should trigger a sell trade, but nothing yet?
    Pattern EA-eurusd30-gif

    Have a nice day!
    Vince

  2. #252
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    Hello everybody,

    I post an example of a manual trading combining some tools, specially with the support of BB_MACD and a forecast of target price. let's see how it develops ...

    A splendid trading day for you all.
    Attached Images Attached Images Pattern EA-manual-trading-gif 

  3. #253

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    [QUOTE=vff;11326]

    I am now testing version v103 cci filter on 19 pairs on 30 min tf.All the settings are at default with the expections of the following: CCifilter true: Uselevel true.
    I would think that at some period during the day a gartley would form that would trigger off a trade on each pair?


    i,m change filter to more quick, there is cci and ma of cci .but settings aren,t test.it's too long for my comp.
    for bb macd filter we wait to funnyyo
    Attached Files Attached Files

  4. #254
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    Hello Przem81621 and thanks for the update, I will check it out.I did do some backtestiong on v103 and the problem I think was in the setting for cci of 89 and ma period of 13.I did a back test using gbpjpy on 1hr with cci of 14 and ma 14.Using a 3 month period for the test, with those settings of cci 14 and ma 14 3 I had 4 open trades with all 4 being positive and yielding $50.00 profit using .1 lots.
    I will load your modification and see how it goes.Thanks again for the update.
    Have a great day!
    Vince

  5. #255
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    I did a backtest using v104 on 1hr gj pair with filter on.It did not take trades.I turned filter off, and it took trades.Actually, results were pretty good for a 3 month period.It didn't open up too many trades, but as long as they are in the positive, I don't mind not opening up too many trades

    Thanks again and have a nice evening!
    Vince

  6. #256
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    Hi Russ-Trader..

    You are correct in the entry..but remember bigpipn also made the comment of if your time-frame is under 30mins then waite for mid band cross..all the rest you can use the 1st colour change dot that appears..This would place you right at the top of that gartley with the stop not hit.

    The reason is that on lower time frames there is too much whip saw that is hard to over-come so a mid band cross is a safer trade. If it doesnt work then of cause the loss should be relatively small compared to a larger time frame. Eitherway no matter what entry you use nothing is 100%. What this does do is tell you when the current run is softening and thats all you need. In the long run you will win far more than guessing if the gartley is going to grow..

    There are 2 thoughts of a stop loss..
    1 is the candle that enters you in the trade..which you have marked in your pic..
    2 is the top of the current wave which is the top of the gartley..

    I have only ever traded 4 ticks above the top of the entry candle and then i move my stop down to the top of each wave as it forms. It seems to work pretty well with only the odd spike. If you can have a very small stop by placing it above the top of the gartley on entry then by all means place it there. This will be hard to code into a ea as thats the downfall of all ea's..user judgement. but as a 100% mechanical system it will be very profitable if u dont over commit your capital.

    When the new ea gets programmed the beauty is that you can use different enters based on the 3 options for different time frames...so for option 1 you can select for 30mins or above and take the option 2 or 3 for others. This will make it very customizable for all frames used.

    Another thing is that there was a news item last night..Ben (what ever his name is) spoke and usually when he speaks for some reason the market can do crazy things..I usually dont trade on the big news items for the whole day because of that reason. Its not untill the next day that the market plays the game. but that is just me..There is more than enough money to make on the other days..thats for sure.

    You have to think of this..if you have made good trades for that day then why do u need to continue and risk giving them back anything. I hate giving them a "gift" and usually only target 50pips per day which i get more than i dont then i stop..Its hard to do but achievable.

    What we all need to do is have patience..If a pattern doesnt work out its usually because it has formed in the middle of nowhere on a chart or because of news. Place Daily and Weekly pivots on your chart with the gartley and macdbb. Now look for the setups off those pivot points..I bet you will be surprised as to the accuracy of the system and the profit to be made. These points are where i use the macdbb indicator because it works.

    I have had the pleasure of talking to bigpipn and we have called out trades to each other over the last couple of weeks. Now this guy knows his stuff but when his and mine clash..ie he says long and mine says short..to date i havnt given him a bad trade. I have called out a couple of dodgy exits..yes we made money but should have been in for longer..but thats a good bad problem to have. So the macdbb really does tell you a important thing. There is more things to it like bluges..V patterns reaction points and the dots tell you something but thats for later..

    Anyway sorry for the speech again..Hope it helps in your decisions..

    50pips
    Last edited by 50pips; 05-12-2009 at 23:31.

  7. #257
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    przem81621..good job mate..love your work!!

  8. #258
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    Thanks Lucky for the indicator and have a great day!
    Vince

  9. #259
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    Cool Cheers

    Thanks for the info and advice 50pips - greatly appreciated.

    I'm not trading this morning as the GBP just went beserk on the inflation report and at 1:30 UK time US retail sales are published which no doubt will catch some people out...

    Can't wait for the BBMacd to be added to the EA. It should be pretty awesome and the 3 "risk" settings sounds like a fabulous idea!

  10. #260
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    Quote Originally Posted by lucky30 View Post
    Hey all, u guys are awesome! Just wanted to contribute a support/resistance pivot indicator that I used for manual trades/exits sometimes. Its from the cobra system, hope its ok to post it here being it is free, Enjoy!

    Lucky

    That's as good as gone, you can't post that bro.

    Here's a good non-commercial indicator for pivots.
    Attached Files Attached Files
    Think of adversity as that tiny piece of sand that gets trapped in the oyster's shell. Although it's a pain in the oyster's arse, he eventually makes a pearl out of it.

    http://hft.serialcoder.com/ -- Quantitative Market Reversal Levels --- The only indicator you'll ever need.

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