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Thread: Slidingchannel ea

  1. #1

    Default Slidingchannel ea

    hi, very manual results

    sugestion ea programer based in canal at :

    ..... A) 80% winner (+15 to +80pips) with DD 0-5 pips
    ..... B) 90 % winner (+15 to +80pips) with DD 5-20 pips
    ..... C) 95% winner (+15 to +80pips) with DD 20-35 pips
    ..... D) 98% winner by Averaging form specific next wed's level.

    ..... all these % may change , i am not Mr.Market.

    I like to explain somthing might be not clear for u.

    in part A) CASE OF DRAWDOWN 0-5pips only
    80% win (20% loss ) with TP1=15pips

    in part B) CASE OF DRAWDOWN 5-20pips only
    90% win (10% loss ) with TP1=15pips

    in part C) CASE OF DRAWDOWN 20-35pips only
    95% win (5% loss ) with TP1=15pips

    in part D) CASE OF DRAWDOWN more than above but
    98 % win (2% loss ) but its soo dengar and soo hard becase need add more trade in loss direction.

    and as i said we may change all these % with a time.

    indicator canals anexed
    thanks
    chris
    Attached Files Attached Files

  2. #2

    Default

    Thanks for this indicator!! I've been watching it today on various timeframes and renko. I appreciate you sharing, I like this.

  3. #3

    Default

    This will be very difficult to code for an EA. I think you should contact a professional coder.

  4. #4
    bbbtrader
    Guest

    Default

    Hi cmcshm,

    could you explain a little more about your strategie? Maybe it is possible to post a Screenshot with Entry and Eyit as Example.

    Thank you

  5. #5

    Default

    Hi cmcshm,

    thanks for great indi! pls tell us more in detail how we shld use it? placin buystops n sellstops at the channel borders? thanks!

  6. #6

    Default

    Hi cmcshm,

    I've been watching this one too and placing a few manual demo trades. As someone asked earlier, do you mind posting a screenshot with the strategy explained a little? Not sure which areas are A,B,C etc.
    Would an EA really be that hard to program? reversal trade placed at C or D position/line, SL placed, say, 5 pips outside the outer trend line (where it is at the time of the trade, I realise it moves). Worth a shot maybe.

  7. #7

    Default

    The EA will be very difficult to program. The channels this indicator generates shift with price. It is very difficult to explain the concept of support and resistance to a computer, especially when it has to compare multiple channels, and then have to think about past repainted bars and new bars, never mind the fact that the channel shifts during big price movements. So far as I know, there is no way to explain a sloped line to a computer...

  8. #8
    Administrator funyoo's Avatar
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    Default

    Quote Originally Posted by cmcshm View Post
    hi, very manual results

    sugestion ea programer based in canal at :

    ..... A) 80% winner (+15 to +80pips) with DD 0-5 pips
    ..... B) 90 % winner (+15 to +80pips) with DD 5-20 pips
    ..... C) 95% winner (+15 to +80pips) with DD 20-35 pips
    ..... D) 98% winner by Averaging form specific next wed's level.

    ..... all these % may change , i am not Mr.Market.

    I like to explain somthing might be not clear for u.

    in part A) CASE OF DRAWDOWN 0-5pips only
    80% win (20% loss ) with TP1=15pips

    in part B) CASE OF DRAWDOWN 5-20pips only
    90% win (10% loss ) with TP1=15pips

    in part C) CASE OF DRAWDOWN 20-35pips only
    95% win (5% loss ) with TP1=15pips

    in part D) CASE OF DRAWDOWN more than above but
    98 % win (2% loss ) but its soo dengar and soo hard becase need add more trade in loss direction.

    and as i said we may change all these % with a time.

    indicator canals anexed
    thanks
    chris
    Hi cmcshm,

    What are the rules ?

  9. #9

    Default

    The best currency pairs I have found are the GBP/AUD and GBP/YEN. Focus on those 2 pairs and you would do quite well. On the forex, it has a big spread of 10-15 pips
    which makes it more difficult to trade and not all brokers offer it. I trade it on BOM a
    lot, even with the new .03% rule they have on intraday trades. It is still a good pair to
    trade.
    EUR/CHF When it moves 60+ pips for the day is another good pair..
    If you stick ONLY with those 3 pairs, I feel that you could do quite well.
    The USD/CAD, AUD/USD, GBP/USD and the USD/YEN are not the best pairs to
    trade. HOWEVER, if you use them on the days that they historically have done well
    you could do well. (Check the historical stats in the sections below.) However, those 4
    currencies are not ones I would take each and every day. I would pick my spots a bit
    more with those currencies.
    It depends on what kind of trader you want to be.
    If you only want to trade just on BOM for 5-10 trades a month, then just take the
    GBP/AUD and GBP/YEN signals.
    I prefer to do BOM trading. I tend to focus on the good 3 currency pairs (Listed above).
    However, I do look at the other pairs on occasion looking for a good trade.
    Do some virtual trading of the signals for a while to see what kind of trader you will
    be and what kind of risk you are willing to give, etc.
    Other tips for trading the system!
    My goal is to help people make extra money or full time money trading. So for those of
    you who want some extra tips, here are a few:
    1. There is no need to re-invent the wheel. Trade the system as it is laid out. Donít trade
    when there is No trade. Make sure you log into your BOM account in plenty of time.
    And check for trades about 7 minutes prior to the start of the trade. If there is a trade,
    place it. Remember you need to have your trades placed at least 5 minutes prior to the
    start time on BOM. I have provided you with a solid trading system and some great stats
    that you can add onto. DONíT TRADE THE SYSTEM UNLESS YOU ARE DOING
    SO AT THE APPOINTED TIMES! In other words, donít take a GBP/AUD trade at
    13:00 GMT (the start time for GBP/AUD is 20:00GMT). 2. Make sure you keep good records of your trades or the things you see in the market.
    With this system it is quite easy to track your record, etc. I have almost 3 year of
    research and have researched which currencies were the best, etc. You have the system
    now, so take advantage of it. Make a spreadsheet of your trades and track your own
    results. After 3-6 months of results, analyze the results and maybe you can give yourself
    another advantage over the markets. Having good records of the trades helped me do
    the stats that are made available in the historical stats section.
    STOPS AND MONEY MANAGEMENT
    STOPS
    and ONLY trade during those times.
    Also this is a Mon-Thursday system. As I said we tend to trade later in the day.
    (1630-2030gmt are our start times) The forex does take the weekend off (with most
    brokers) so our trades on Fridays actually end too late to make it worth trading on
    Fridayís.
    The system is thisÖ..
    At specific times of the day certain currency pairs are good trading
    opportunities.
    Our system is a counter trend system. Basically what our system says is if the
    currency pair is near its highs for the day we will look for a short trade (down
    trade)
    WHY? Because people will be taking profits from there winning trades so the
    market will go down as people sell there positions.
    THIS IS ONLY AT SPECIFIC TIMES OF THE DAY!!! NOT ANY TIME
    OF DAY!! THAT IS EXTREMELY IMPORTANT TO REALIZE.
    The opposite is also true if a currency pair is trading near its lows of the day we
    are going to look for a buying opportunity. Again we are looking for a bounce in
    the market as people exit there short positions etc.. AGAIN ONLY AT
    SPECIFIC TIMES OF DAY.
    Letís give you an example here is a chart of the EUR/CHF.The first chart is a chart of the EUR/CHF thru 16.20gmt As you can see the
    high for the day was 1.5835 and the low was 1.5741 or a difference of 94 pips
    from HIGH to LOW.
    So obviously this was near the low for the day at our appointed time. So we took
    a LONG trade or bought the EUR/CHF and in the below chart you can see what
    happened.Here is a video of the above trade.
    YouTube - Buy trade on system
    Here is a list of the Currency pairs and trading times to use.
    EUR/CHF 1630GMT START TIME 2130GMT END TIME
    USD/CAD 1730GMT START TIME 2000GMT END TIME
    AUD/USD 1800GMT START TIME 2240GMT END TIME
    USD/YEN 1900GMT START TIME 2240GMT END TIME
    GBP/USD 2000GMT START TIME 2330GMT END TIME
    GBP/AUD 2000GMT START TIME 2320GMT END TIME
    GBP/YEN 2030GMT START TIME 2330GMT END TIME
    THOSE ARE THE ONLY TIMES THIS SYSTEM IS DESIGNED TO TRADE. AND
    THOSE ARE THE ONLY PAIRS THAT IS DESIGNED TO TRADE.
    You would also NEVER HAVE MORE THAN 1 TRADE FOR A CURRENCY PAIR
    IN A DAY. AS IT ONLY TRADES AT THAT ONE TIME!
    What goes into the systemÖÖIt is pretty simple actually we are looking to go the OPPOSITE direction of the
    market at SPECIFIC TIMES OF THE DAY FOR SPECIFIC CURRENCY PAIRS.
    I would suggest using Betonmarkets charting just because it is FREE and is
    based on GMT. Which is what the system is based on.
    The start of the day for this system is considered 00.00gmt (which is midnight
    gmt) So if your forex broker goes based on a different time you will need to
    calculate your charts based on 00.00gmt. If you donít want to do that the best
    (GMT = GREENWICH MEAN TIME)
    EUR/CHF opens at 1.5870 (open is considered 00.00 gmt midnight)EUR/CHF hitís a HIGH of 1.5890 at 0800gmt
    EUR/CHF hitís a LOW of 1.5810 at 1400gmt
    So the difference between the HIGH of the day and the LOW of the day is 80
    pips (1.5890 to 1.5810 = 80 pips)
    EUR/CHF is at 1.5818 at 16.20gmt (which is when you want to check to see if
    there is going to be a trade)
    So the EUR/CHF is only 8 points off its low. (1.5818 now minus 1.5810 is 8 pips)
    The EUR/CHF has moved a total of 80 pips for the day.
    Our system says thatÖÖ.
    You take the TOTAL movement for the day for a pair. In this case the
    EUR/CHF has moved from high to low 80 pips.
    You take 80 pips in the above example and multiple it by 20%. 80 pips x .20 =
    16 pips.
    The EUR/CHF will need to be within 16 pips of its HIGH or LOW in order to get
    a trade.
    So what you can do is add 16 pips to the low on the EUR/CHF. Which would be
    1.5826 if the EUR/CHF is LESS then that at the trading time we would BUY the
    EUR/CHF
    In the example at 16.20gmt EUR/CHF was at 1.5818 well within the 20% range.
    So if that was still the case around 16.30gmt we would BUY or go LONG the
    EUR/CHF and close the position at 21.30gmt. (ON BOM YOU HAVE TO PLACE
    THE TRADE AT LEAST 5 MINUTES BEFORE THE START TIME! SO THE
    TRADE IN THE ABOVE EXAMPLE WOULD HAVE TO BE PLACED BY
    16.25GMT)
    The system boils down to some simple stepsÖÖ
    1. Trade ONLY the currency pairs listed.
    2. Trade the currency pairs ONLY at the appointed start times.
    3. Look for trades 10 minutes prior to start times.
    4. If the currency pair is within 20% of the HI or LOW for the day you have a
    trade.
    5. If the currency pair is within 20% of the HI go SHORT/SELL from the start
    time to the end time.
    6. If the currency pair is within 20% of the LOW go LONG/BUY from the start
    time to the end time.
    That is all there is too it.
    ADDITIONAL FILTERS TO HELP IMPROVE YOUR
    TRADING
    Now there are some additional filters to use to IMPROVE your trading. And I
    would not trade without them.
    1. EUR/CHF, USD/CAD, AUD/USD, USD/YEN DONíT TRADE IT UNLESS IT
    HAS AT LEAST A 60 PIP RANGE FOR THE DAY FROM HIGH TO THE LOW.
    But LESS than 175 pips !
    2. GBP/USD, GBP/AUD. GBP/YEN Donít trade it unless it has at LEAST a 130
    pip range for the day from HIGH to the LOW.
    3. Do NOT trade the GBP/USD, GBP/AUD AND GBP/YEN when the pair has
    moved more than 250 pips range from HIGH to LOW.Historical Stats
    Here are some interesting stats that you could use for your trading. The following stats
    are from the first day (late August 2005) I started using this system.
    Now, I am going to break down the currency pairs but by days of the week. So you can
    see which is the best day to trade a certain currency pair. This gives you another edge in
    your trading.
    Each of the pairs have historically won 60%+ of the time when traded on the specific
    days at the times listed for each pair. (The direction doesnít matter if there is a trade for
    the pair whether Long/Short it historical wins 60%+ on these days)
    MONDAYS
    USD/CAD
    GBP/AUD
    TUESDAYS
    GBP/AUD
    WEDNESDAYS
    GBP/AUD
    GBP/YEN
    THURSDAYS
    AUD/USD
    GBP/USD
    -------------------------------------------
    EUR/CHF IS GOOD ON ANY DAY THAT IT MOVES AT LEAST 60 PIPS!
    -------------------------------------------

  10. #10

    Default

    funyoo,

    can u use sliding channel to make an ea for eurusd m5 where if the candle opens and closes outside a channel, we buy and vice versa for sell? the sliding channel indi looks pretty good , i understand its always shifting with the price, but when u watch it u can see that the channel breaks lead to reliable reversals.

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