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Thread: Pattern EA

  1. #471
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    May 2009
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    Default

    Well, looking at the current drop in price I think I have my answer to my above question
    Shorted GBPJPY at 154.75, price at the time of this post @ 153.49. So already good for 126 pips. Good start of the weekend...

    Drinks are on me

  2. #472
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    Join Date
    May 2009
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    5

    Default Scalping with momo counts

    Hi Guys

    This is my first post on this forum but I have been testing this Ea for 3 weeks now and reading all the post as well. This is a great EA and it has many possiblilities.

    I have been working on scalping with the momo count entries and ATR trailing stop and ATR take profit settings on smaller time frames. I'm testing mostly on 5m.

    The results are about 100% wins but only if you use a large stop loss. This is a problem because no one likes risk reward ratios like that. However there is an easy fix I think.

    Let me explain. The momo counts are really good for entries in a choppy or ranging market but as soon as we move into a trend the momo count entries are against the trend. This is where your DD occurs. If you use the system reversal param momos work wonderfully during the trend.

    60% of the time the markets are ranging. That means 60% of the time we can be scalping 10 to 20 pips over and over again with the momo entries at very near 100% accuraccy.

    The solution? We need a multiple moving average filter. We need use them to signal the begining of a trend an to stay out until its over. During a trend the moving averages will line up in the same direction. When they begin to cross it is then a ranging market and time to trade again. We can use the 10, 21, and 50 MAs

    The only other thing would be to have a stop loss feature that would cut losses on an open trade positioned against the newly developed trend. We would need a larger stoploss for the ranging period and then a immediate traling stop on the bad open position when the trend begins or maybe just a closure when the new trend begins.

    Maybe Funyoo can see the value in this method and give us a hand?

    my settings were on v103 with AusUsd

    everything false but momo entry=true, 5 count only=true ATRTS=true, ATRTP=true

    Set time frames to 5M on all true params

    Set ATRTS factor = 1.25 and ATRTP factor 1.75 periods for thee are @ default

    Set max orders to 1 or2

    s/l 300

    t/p 30

    check it out! With the multiple MA filter, this could be totally pipalicious!

    The best to all

    Dis man'

  3. #473

    Default Scalping with momo counts?

    hallo , Disciple2,

    you can posting a statement ?
    I would like to see on the chart.

    best regards
    viennatrader

  4. #474
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    Join Date
    May 2009
    Location
    San Diego, CA
    Posts
    50

    Default Also..

    Ok first, absolutely!! The best bots in the world right now and that will last over the next months and years even are bots that determine the enviroment before trading. Ie if its ranging they use one technique
    if its trending they use another.

    I think the ma's system is good.. lined up in correct order
    another set is 5 20 50 100, but also agree with VT and this
    goes along with that as well, checking the higher time frames
    to see if trades follow the higher time frame trend. You can use
    MA on that, ie a very crude but good one is just 5 10 cross
    on daily and 4 hr, to tell you simply long or short.

    But also can use bb stop/supertrend type bar indicator
    as well.

    This bot could be truly a pip destroyer with a few tweaks from
    here and I really do agree 1. trade only with the higher trend
    2. use ma system/other indicator possible as well
    to confirm ranging or trending and then only play
    with the trend but switch between maybe momo count
    scalping gartley and bbmacd for trending big plays
    based upon the type of market.

    I think this is a great concept to develop and start testing!

    Brian

    Quote Originally Posted by Disciple2 View Post
    Hi Guys

    This is my first post on this forum but I have been testing this Ea for 3 weeks now and reading all the post as well. This is a great EA and it has many possiblilities.

    I have been working on scalping with the momo count entries and ATR trailing stop and ATR take profit settings on smaller time frames. I'm testing mostly on 5m.

    The results are about 100% wins but only if you use a large stop loss. This is a problem because no one likes risk reward ratios like that. However there is an easy fix I think.

    Let me explain. The momo counts are really good for entries in a choppy or ranging market but as soon as we move into a trend the momo count entries are against the trend. This is where your DD occurs. If you use the system reversal param momos work wonderfully during the trend.

    60% of the time the markets are ranging. That means 60% of the time we can be scalping 10 to 20 pips over and over again with the momo entries at very near 100% accuraccy.

    The solution? We need a multiple moving average filter. We need use them to signal the begining of a trend an to stay out until its over. During a trend the moving averages will line up in the same direction. When they begin to cross it is then a ranging market and time to trade again. We can use the 10, 21, and 50 MAs

    The only other thing would be to have a stop loss feature that would cut losses on an open trade positioned against the newly developed trend. We would need a larger stoploss for the ranging period and then a immediate traling stop on the bad open position when the trend begins or maybe just a closure when the new trend begins.

    Maybe Funyoo can see the value in this method and give us a hand?

    my settings were on v103 with AusUsd

    everything false but momo entry=true, 5 count only=true ATRTS=true, ATRTP=true

    Set time frames to 5M on all true params

    Set ATRTS factor = 1.25 and ATRTP factor 1.75 periods for thee are @ default

    Set max orders to 1 or2

    s/l 300

    t/p 30

    check it out! With the multiple MA filter, this could be totally pipalicious!

    The best to all

    Dis man'

  5. #475
    Member
    Join Date
    May 2009
    Location
    San Diego, CA
    Posts
    50

    Default Great!

    Aweesome dSquared..appreciate it and look forward to checking them out.

    Brian

    Quote Originally Posted by dSquared View Post
    Brian, I will do this at the weekend.

    David

  6. #476
    Member
    Join Date
    Mar 2009
    Location
    Florida, USA
    Posts
    278

    Default

    Quote Originally Posted by Disciple2 View Post
    Hi Guys

    This is my first post on this forum but I have been testing this Ea for 3 weeks now and reading all the post as well. This is a great EA and it has many possiblilities.

    I have been working on scalping with the momo count entries and ATR trailing stop and ATR take profit settings on smaller time frames. I'm testing mostly on 5m.

    The results are about 100% wins but only if you use a large stop loss. This is a problem because no one likes risk reward ratios like that. However there is an easy fix I think.

    Let me explain. The momo counts are really good for entries in a choppy or ranging market but as soon as we move into a trend the momo count entries are against the trend. This is where your DD occurs. If you use the system reversal param momos work wonderfully during the trend.

    60% of the time the markets are ranging. That means 60% of the time we can be scalping 10 to 20 pips over and over again with the momo entries at very near 100% accuraccy.

    The solution? We need a multiple moving average filter. We need use them to signal the begining of a trend an to stay out until its over. During a trend the moving averages will line up in the same direction. When they begin to cross it is then a ranging market and time to trade again. We can use the 10, 21, and 50 MAs

    The only other thing would be to have a stop loss feature that would cut losses on an open trade positioned against the newly developed trend. We would need a larger stoploss for the ranging period and then a immediate traling stop on the bad open position when the trend begins or maybe just a closure when the new trend begins.

    Maybe Funyoo can see the value in this method and give us a hand?

    my settings were on v103 with AusUsd

    everything false but momo entry=true, 5 count only=true ATRTS=true, ATRTP=true

    Set time frames to 5M on all true params

    Set ATRTS factor = 1.25 and ATRTP factor 1.75 periods for thee are @ default

    Set max orders to 1 or2

    s/l 300

    t/p 30

    check it out! With the multiple MA filter, this could be totally pipalicious!

    The best to all

    Dis man'
    You all might want to read this post over and over

    and over

    and over

    and over again until you understand it.

    I don't have this much patience to hold your hand and help you pip-by-pip. You should be happy that someone with some patience has graced this thread.
    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.

  7. #477
    Member
    Join Date
    Mar 2009
    Location
    Florida, USA
    Posts
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    Default

    I had my best week ever this week at 103% ROE on main account. A big chunk of this is attributed to the monster bullish Gartley on Eur/jpy H1.
    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.

  8. #478
    Junior Member
    Join Date
    May 2009
    Posts
    5

    Default It's the least I can do

    Big P thanks for the compliment. It's the least I can do seeing that I have so freely received on this thread such a great value.

    My thanks to you and Funyoo for all your sweat and blood over this. And also to the others who have put their time into this as well.

    I know I could always use plenty of pip by pip instruction!

    Congrats on your big week!


    Disciple2

  9. #479
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    Join Date
    May 2009
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    3

    Default

    Quote Originally Posted by Disciple2 View Post
    Hi Guys
    ...
    The solution? We need a multiple moving average filter. We need use them to signal the begining of a trend an to stay out until its over. During a trend the moving averages will line up in the same direction. When they begin to cross it is then a ranging market and time to trade again. We can use the 10, 21, and 50 MAs
    ...
    Thanks for suggestions you made. Have 2 questions about your MA's please.

    1)
    First off all, did you mean SMA's, EMA's, smoothed.. etc. Based on close?

    2)
    Secondly, and that is a more important point, to quote: "When they begin to cross it is then a ranging market". Could you go into this crossing a bit more please?
    When I go through charts (have looked at quite a few..) the periods that the 3 MA's are NOT lined up (10>21>50 or the opposite) are that small (especially on a M5 chart) that there is barely any time left to trade, which makes me believe I possibly misinterpret your suggestion.. Could you be so kind and post a screenshot of a period that you would define as being suitable please?

    Cheers!

  10. #480
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    Join Date
    May 2009
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    5

    Default

    BigP,

    You have been very generous with your help and you have given me a wonderful entry strategy, however, I am struggling at seeing the exit. What strategy are you using to exit? Do you use the BB (first change in color) to exit? A lack of a good exit strategy has caused me to be impatient and exit my trades very early. Any help you would be willing to provide me with in regards to an exit strategy would be greatly appreciated. I apologize if I missed this somewhere in this thread!!

    By the way, thank you again. I also have had the best week I ever had thanks to your help and making me aware of the Gartley (not as good as your week, but my best).

    Thank you,

    Matthew
    Last edited by mab; 05-31-2009 at 13:40.

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