5ema hilo system, and ea idea @ forex factory.pdf

4/2/2015 5EMAhilosystem,andEAIdea@ForexFactory

http://www.forexfactory.com/showthread.php?t=138980 1/9

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5EMA hilo system, and EA Idea

Firstofall,IwanttothankSterlingforintroducingmetothe5mahilochannelsystem.Ihavechangedafewthings,moretomystyle,andcomfortlevel,andwithlessrisk.

Theideaistoputa5emahigh,anda5emalowonachart,anytimeframeyouwant,andthisformsachannel.Whenpricemovesoutofthechannel,welookforcandlesfullyormostlyoutsidethechannel.Iprefersmallrangecandlesandnottoenterthetradeifthesetupcandlegoeshalfwayintothechannel...weneedroomforittomove.Abreakofthatcandleintheopositedirectiontriggersanentry.Stoplosswouldbe1pipaboveorbelowthesetupcandle.Profittakingisupfordiscretion,butusuallyitatleastreachestheoppositechannel.Ifcountertrendingonemightthentakefullprofits,iftrendtradingpartialprofitscouldbetakenwithSLsettobreakeven.aslongascandlesgointheprofitdirection,stayinthetrade,onceareversecandle,orsetupismade,thenclosethetradeandreversewithpropersignal.Ilookforfollowthroughandmomentum.Ifafter2or3barsyou'restillnotinprofit,itmightbeagoodideatoexitbeforeyourSLgetshit.Inmostcasesyou'llseefollowthroughonthenextcandleafterentry.

Ihavefoundthatwhilenoteverytradeisprofitable,thatmanyare,especiallywhenwelookforcandlesoutsideofthemediumrange,preferablysmallrangecandles,atthetoporbottomofaswing,soourSLissmaller.Alsotherearetimeswhenthissystemworksgreat,andothertimesinextremetrends,ortightrangesitdoesn't,butIhavethisideathatsomeonewithgoodcodingabilityandpeoplesideasforprofitabilitythatfinallyaprofitableEAcouldbecoded.Anytakers?I'mnotacoderyet,althoughI'mevertemptedtolearn.

AttachedImages(clicktoenlarge)

dbeach777Post1QuoteFirstPost:Dec18,200811:13pm | EditedDec26,200811:27am

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Here'sascreenshotofthelastcouplehourstoday,on6pairs,M15....highprobability,lowrisksetupsforsomepips.I'msurprisedthismethodhasn'tsparkedanyinterestorresponse.....Isitmywinningpersonalityorwhat?

AlthoughIalsouseothertradingmethods,mostlypriceactionrelated,Ialsokeepaneyeonthissystembecauseofthehighprobabilityofshortrange(smallSL)islandtypecandlesontheswinghigh/lows

AttachedImage(clicktoenlarge)

FxProSpecs

dbeach777Post2QuoteDec19,20088:23pm

TradingSystems / 5EMAhilosystem,andEAIdea



Orthisone,ontheH1AUDUSDPair

SomeofthesesignalsarentidealforwhatIlookforastheSLisbigenough,buttheywould'vebeengoodforsomepips.Someofthesesignalsarenoneothertheninsidebars,andplentyofpeopletradethebreakofthese...Ilikesmallinsidebarsinconjunctionwithpinbars,toindicateareversalisprobable.

Here'sthetemplateIuseifanyoneisinterested


AttachedFile

5mahilonaked.tpl1KB | 427downloads

WillALWAYSlooklikea'Tunnel'YoucouldhaveTraded.

ProblemisthattheMAisbeingPlottedAfterPriceFluctuationmovesit.

dbeach777

Bemac

Post3QuoteDec19,20088:44pm




ie.ItisaHistoricRepresentation.

Q.Howdoyouutilizethatinfoto"Predict"thefuture.

A:MeasureSlope.{butSlopeisbynomeansaguaranteeofsuccess.}

InotherwordsThePricecannotescapeyourH/LMA'sbymuchasyouarerecalculatingthemevery5Bars.IsuggestpayingattentiontotheSlope{steepness}ofyourMA'smayimproveyourquest.

Thisistrue,toanextent,butonceacandleisclosed,thatmovingaveragevaluewon'tchange..Itradethebreakofclosedcandlesoutsidethechannelidealy,oratleastontheouterbandofthechannel,andyes,agoodangleonsomethinglikeema60mightindicatethatatrendisinaction,butema5issoshorttermthatitcangofromangletoflatinveryshorttime,thus,myreasoningisthatifanentirecandlecanformoutsidethischannel,ormostlyoutsidethisfast,movingaverage,thenbreaktheopositedirection,thatpricehadmovedtofast,toofar,andmaysnapbacktomediumatleast,orpossibleevenreverse....Ihaveprofitednicelyfromtradingthisbutyouareabsolutelyright,it'smucheasiertopickoutthewinnersafterthefact.

Imaystartpostingsomeofthehighertimeframe,A1typesetupsifIseethemdevelope

ThanksforyourinputBemac!

heybrothanksforsharing..itseemsinterestingandplainsystem!

illtrythisfollowingdaysespatUJpair..

frugal

Hi,ThissystemremindsmeofDeanMalone'sSynergy.However,heusesaHeikenAshisetupwiththe5ema's.IlikeyourapproachofattackingthepotentialturningpointonthePA.Haveyoutriedthisonthe1mor5mTFwithsuccess?Thanksforsharingyourmethod.Cliff

Quotingdbeach777Thisistrue,toanextent,butonceacandleisclosed,thatmovingaveragevaluewon'tchange..Itradethebreakofclosedcandlesoutsidethechannelidealy,oratleastontheouterbandofthechannel,andyes,agoodangleonsomethinglikeema60mightindicatethatatrendisinaction,butema5issoshorttermthatitcangofromangletoflatinveryshorttime,thus,myreasoningisthatifanentirecandlecanformoutsidethischannel,ormostlyoutsidethisfast,movingaverage,thenbreaktheopositedirection,thatpricehadmoved...

I'llcheckoutDeanMalone'sSynergysystem,Ihaven'treadaboutityet.

CheckouttheEUM1chartabove

TheM1andM5timeframesarenotasacurateatM15andup,asittendstogetchoppyquicker,buttherehavebeentimeswhenI'vetradedM1andM5withthissuccesfully,butithelpstoknowsomethingmoreaboutmarketactionlikeSupportandResistence,pricereactiontocertainmovingaverages,PPZetc...thatswherediscretioncomesintoplayandthatssomethingyoucan'tcodeintoanEA.TheidealsetupasI'vesaidbeforeiswhenastrongcandlemovesfar,outofthechannel,thenthenextcandleissmall,(setupcandle)thenthenextcandlebreaksbackintothechannel...Youcan'tknowwhethertheywillworkoutornotastheyaredeveloping,butthegoodthingisR/R,astheSLgenerallyissmallerthenpotentialpipgain,and,moresetupsworkout,thennot...

Anotherchart........checkoutthecandlesmarkedwitharedcheckmarkthatdidn'tworkout.

Quotingcce

dbeach777

frugal |JoinedNov2008

cce |JoinedApr2007

dbeach777



Post7QuoteDec21,20088:40am




Hi,ThissystemremindsmeofDeanMalone'sSynergy.However,heusesaHeikenAshisetupwiththe5ema's.IlikeyourapproachofattackingthepotentialturningpointonthePA.Haveyoutriedthisonthe1mor5mTFwithsuccess?Thanksforsharingyourmethod.Cliff


I'mstillwaitingtoseeifanyonewantstoprogramanEAforthissystem....???Rulesare,setupbarsmustbeatleast75%outsideofthechannel...entertradesonabreakofthesetupbar,towardsthechannel,butonlyifthebreakhappensonthenextbar,StopLosswillbe2pipsmorethentherangeofthesetupbar,TakeProfitwillbemultichoice,withfirsttakeprofiteitherasetamountofpips,oratouchofoppositesideofthechannel.


Aloalo,

Maybeyoushouldtrythetsdmaniacs,lol

dbeach777

Blazer |CommercialMember

Post9QuoteJan2,20097:15pm

Post10QuoteJan3,20095:42am



Cheers

B

Learnsomethingdifficultandearnrealmoneyforever,alot.

Quotingdbeach777Isitmywinningpersonalityorwhat?

lol?

I'mstillwaitingtoseeifanyonewantstoprogramanEAforthissystem....???Rulesare,setupbarsmustbeatleast75%outsideofthechannel...entertradesonabreakofthesetupbar,towardsthechannel,butonlyifthebreakhappensonthenextbar,StopLosswillbe2pipsmorethentherangeofthesetupbar,TakeProfitwillbemultichoice,withfirsttakeprofiteitherasetamountofpips,oratouchofoppositesideofthechannel.

ThisismorelikeDeanMalone'sSymertricsystemforPAonutube...

Helloeveryone,Justwonderingifanyoneisstillusingthissystem,ifsohowlongandwhatareyourresultslike!

KingPippin

I'mstillverymuchinterestedinthissystem,butIalsoconsiderthatthereareotherviablereasonstoentertrades,liketrendlinebreaks,S/Rbreaks,and60emabreaks,asortoffloatingS/Rline.Thekeyalsoseemstobethatitsnotasignalunlessthehighorlowofthesetupbararebroken.Thepresenceofdivergenceseemstomakeitabettersignalbutnotalwaysnecessary.TakingprofitsisdiscretionarybutaminimumTPlevelseemstobeatouchoftheopposite5emahilochannel.Idon'ttakethisasastandalonesystem,butaddittomytoolsoftradingtogivemethatedge.LetsrevivethisthreadandupdaterealtimeSetups.

Cheers,andaHappyHolidayseasontoall!

p.s.thesetupbar(pinbar)justbeforethetrendlinebreak,neverbrokethehigh,soatradewouldn'thavebeenentered,andthusaloseavoided

QuotingkingpippinHelloeveryone,Justwonderingifanyoneisstillusingthissystem,ifsohowlongandwhatareyourresultslike!

KingPippin


Corre |JoinedJun2008

LaTeCoMeR |JoinedOct2008

kingpippin |JoinedOct2010

dbeach777




Post14QuoteDec19,20101:27pm | Editedat1:40pm



Haveaplaywiththisone.

Thebotisprogrammedto:

1. spotaclearbreakoutofthechannelbythepreviouscandleithastobothopenandcloseoutside2. breakoutlong:waitforthemarkettoretracebelowthelowofthesetupcandlethensell3. breakoutshort:waitforthemarkettoretraceabovethehighofthesetupcandlethenbuy4. ifStopLossisleftatzero,stopis1pipabove/belowthehiloofthesetupcandle5. ifTakeProfitislefttozero,tpistheoppositeMA.Inanycase,thebotwillclosethetradeattheoppositeMA,solongas

thetradeisinprofit.Thisfunctioncanbemadeauseroptionifyouchoose6. MaxCandleLengthisthemaximumsetupcandlelength.Thedefaultof20ispureguesswork7. therearetheusualmptmstylemanagementfeatures.Ifunfamiliarwithmptm,theuserguideisavailableinthethread

linkinmysignature8. thebotautomaticallyaccommodatespipsinputstoxdigitcriminals,soentertheseinproperpips

Thebotkeepsontakingabathinbacktesting.Onforwarddemo,ithastaken4tradesontheEUM1chart,withthreeofthembeingsuccessful.Iwouldnothaveexpectedthis.

Icancodemostthingsthesedays,sosingoutifyouwouldlikefurtherrefinement.

AttachedFile

dbeach's5EMAchanneltradingrobotbySteveHopwood.mq444KB | 414downloads

Steve,

Anything?

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SteveHopwood |CommercialMember

azjeff |JoinedAug2007





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QuotingSteveHopwoodHaveaplaywiththisone.

Thebotisprogrammedto:[list=1][*]spotaclearbreakoutofthechannelbythepreviouscandleithastobothopenandcloseoutside[*]breakoutlong:waitforthemarkettoretracebelowthelowofthesetupcandlethensell[*]breakoutshort:waitforthemarkettoretraceabovethehighofthesetupcandlethenbuy[*]ifStopLossisleftatzero,stopis1pipabove/belowthehiloofthesetupcandle[*]ifTakeProfitislefttozero,tpistheoppositeMA.Inanycase,thebotwillclosethetradeattheopposite...

Iguy/galmakingfunctioncomingup.

I'vebeentryingtogetsomethingalongtheselinestoworkonRenkochartsratherthantimebasedcharts.Theintentwouldbemoretowardstradingwiththechannelinthedirectionofthetrendandusingtheouterchannelasthetrailingstop.TodayIwastryingasimpleMAcrossoverEAonRenkobuttheBuyandSellordersdon'texecutewhentheconditionsaremet.Averysimplesystem,anditworksfineontimebasedcharts.Itjustwon'tcooperatewhenappliedtotheRenkocharts.

I'mrunningthe"RenkoLiveChart"EAona5mintimebasedcharttocreatetheRenkochartusingtheEURUSD,M2offlinechart(File>OpenOffline)andthenapplythe"MovingAverage"EAtotheRenkochartdirectly.TheRenkochartupdatesinrealtimejustfine.Itjustwon'texecuteanyoftheMovingAverageEAtrades.

Cansomeonesaywhetherthe5EMAhilosystemwillworkonRenko.IstheresomereasonthatEAscan't/won'texecuteonRenkocharts?

Thanks

AttachedFiles

RenkoLiveChart_v3.0FxFact091116.ex410KB | 104downloads

MovingAverage.ex45KB | 104downloads

0tradersviewingnow

SteveHopwood |CommercialMember

luna2010 |JoinedNov2010


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