Alert for this Excellent Indicator Please

[stovedude]

The arrows will not disappear because they are printed on a closed candle, but if you want to change it to print on the open current candle, the arrow will of course disappear when price reverses and the MA's uncross, so the closed candle is your best option IMO.

[fxeasy5]

What is the different between this indicator with normal 2ma cross ea?

Only the settings of the 2 MAs are different.

 

If you have a 2ma cross ea, please post it. The only thing we need to do is

to change the settings for the MAs in the code.

 

We all wait for such an EA to find the best pairs, TFs and filters.

[fxeasy5]

Diesel10

I answer between the lines

A few questions for my good friend FXEASY5:

 

I am not sure how to use Trailing Stop "scripts".??? So I guess I use the Trailing Stop EA to exit positions ?

The only purpose of this EA or script is to trail existing orders until price hits SL (or TP of the trailed order).

 

You can copy the mq4 file into Experts folder and Experts/Scripts folder. It works as EA if you attach it to a chart from the Experts folder and it works as a script if you drag and drop it from the Scripts folder.

Assuming the Trailing Stop EA is live and "smiling", once i manually open a position, does it automatically trail the position under bar lows (for a long position) once the exit is in profits? If so, it realizes when you are in a long position to trail under lows and a short position to trail above highs (it detects this automatically?).

Yes, it detects the order-type (BUY or SELL) and trails the order accordingly.

 

Important:

If you leave Magic=0 (default), it trails all manual orders of the pair ( all manually entered orders have Magicnumber = 0 automatically assigned when you enter the order ).

 

If you have different orders (from EAs or manual orders) on the same pair, you must "tell" the EA which orders it should trail.

 

Sometimes one needs to trail only 1 specific order or 2 from 4 on the same pair.

In that case the Ticket# (Ticketnumber) is important.

You then need a new chart of the same pair for each order you want to trail and "tell" the EA the ticketnumber which is unique for each order.

 

 

Regarding the ALMA, not sure how to set it properly... what parameters???

I only use default settings, they look fine on all TFs.

Have no time to study different settings.

Regarding the proposed EA, when you say signals given by 12 MA Crossover, I assume you mean the MA_Cross indicator, but I thought we were working with a 5 setting??? Is 12 better in your opinion?

The name of the indicator is !2MA Crossover and we use its default settings EMA5-close and EMA5-open.

I played with the settings like EMA-3 crosses EMA-5 or whatever but for comparing and analyzing different settings we need the EA because with it we can run optimizations in the strategy tester and find the best settings for each pair and TF.

I hope that one of the good coders will make the EA for us.

[camisa]

can someone comment on these 2 screenshots where a painted candle in real time disappears?

 

http://www.4shared.com/photo/H7H7zcSF/Strategy_tester_real_time.html

 

http://www.4shared.com/photo/IyM6IZ7X/Applying_template_after_closed.html

[fxeasy5]

camisa,

in real time it did not disappear, it is missing when you applied the template.

 

That indicator gives a completely wrong impression when applied to a historical chart.

The signals almost look perfect.

But in real live trading we would get all the bad arrows.

Therefore I deleted all links to the !2MA Crossover indicator. It is worthless.

 

Here is a collection of MA cross indicators which paint the arrows correct on historical charts and in live trading.

http://www.multiupload.com/0D5H7RLXNX

Edited December 20, 2010 by fxeasy5

[Elma]

Only the settings of the 2 MAs are different.

 

If you have a 2ma cross ea, please post it. The only thing we need to do is

to change the settings for the MAs in the code.

 

We all wait for such an EA to find the best pairs, TFs and filters.

 

 

Here are some of MA cross EA which i can find from my hard drive..

Hope this can help..

 

http://[email protected]/file/0I15QH7t/multi_ema_cross_EA.html

http://[email protected]/file/iEaBz0J_/A_lot_Of_MA_Cross_EA.html

http://[email protected]/file/Dzl7i3BR/max1-expert-advisor-max1.html

[fxeasy5]

Thanks Elma.

 

I just tested the QQE Advanced indicator as filter on H1.

Looks good.

QQE Advanced indicator here:

http://www.multiupload.com/E0BJZQKGTB

 

Long signals only taken if

QQE blue line crosses 50 line upwards and above red dotted line.

 

Short signals only taken if QQE blue line crosses 50 line downwards and

below red dotted line.

http://d.imagehost.org/0305/Filter_QQE.jpg

Edited December 18, 2010 by fxeasy5

[camisa]

take a look at a trade that would have happened in real time and that you havent picked in your chart:

 

http://img.photobucket.com/albums/v484/camisa/Filter_QQE.jpg

[seggyson]

the only indicator i found here is the 2ma , what of the remaining indys in the pic above.

[fxeasy5]

camisa,

in real time the up-arrow would probably been drawn on that candle because the MAs crossed up,

but the signal would have been invalid and the trade would not have been taken

because the blue QQE line was below the 50-line.

In order to qualify for a valid BUY trade, the QQE line must at least touch the 50 line in the QQE Window or crossed it

upwards.

That is not the case for the candle you are referring to.

 

This is why I consider the QQE to be a good filter for the signals.

Here is the QQE Advanced indicator:

http://www.multiupload.com/E0BJZQKGTB

Edited December 18, 2010 by fxeasy5

[Diesel 10]

take a look at a trade that would have happened in real time and that you havent picked in your chart:

 

http://img.photobucket.com/albums/v484/camisa/Filter_QQE.jpg

 

If you look closely, the arrow you highlighted the moving averages were VERY close together. Even a tiny difference between real time and historical data can cause different signals, especially with moving averages that are so well correlated. So if I switch time frames back and forth (or change symbols back and forth), I'm going from real time to historical. On borderline signals this can make a difference. This seems reasonable to me. Also different brokers have slightly different data and thus can have an effect on signals. Another thing, if you restart the metatrader, it seems that you will be going from real time to historical and thus potential slight variance in borderline signals. I believe this is what FXEASY5 is trying to say.

[Diesel 10]

I have a couple of simple ideas on how to trade this excellent indicator.

 

On a 5m chart, only take signals that agree with the most recent signal arrow of the 123patterns indicator. Exit as you desire...(scalp?)

 

or

 

On a 1hr timeframe, take all signals and trail stop using the TS EA once in profits. Only take one signal at a time. So if you get a buy signal and then another consecutive buy signal, only take the first one. Once stopped out, look to take the next buy signal or a sell signal...

Edited December 18, 2010 by Diesel 10

[camisa]

diesel: this image above is a historical one: no buy arrow is printed; in real time tough, a buy arrow was printed for sure

 

just think for a moment: this is a MA cross indicator; if a cross down has ocurred, when will there be another down cross? after an up cross! so how can you have 2 straight down crosses with no up cross in the middle???

 

now look at the above chart in real time:

 

http://img.photobucket.com/albums/v484/camisa/realtime.jpg

Edited December 18, 2010 by camisa

[fxeasy5]

Diesel 10,

would you mind uploading the 123patterns indicator ?

I don´ t have it.

 

On 1hour TF I would filter the signals with the QQE or other indicators because I would get less losing trades.

Maybe you meant "take all valid signals", then I agree.

 

camisa, it is ok.

We have seen that live trading is different from using historical data.

 

I like to use a filter like QQE to avoid bad setups, but I do not expect to catch

only winners. It is impossible.

The most important thing in trading is: the profit must be higher than the losses.

I think you agree and I hope that the filter helps to improve the profitability

of the MA-cross system.

Edited December 18, 2010 by fxeasy5

[et_phonehome_2]

I used to use QQE, but what is the best way to maximize the PIPs without exiting too early?

[fxeasy5]

Here is the latest "2EMA_5_Cross Trading System" .

It is a manual system.

The package contains a simple Trailing-EA which can be used as EA or script. Both work the same.

 

Rules for Entries:

 

LONG:

1. Arrow Up

2.QQE blue line is about to cross the 50-line upwards ... or is above already

3. QQE blue line is above red dotted line.

 

SHORT:

1. Arrow down

2. QQE blue line is about to cross the 50-line downwards ... or is below

already

3. QQE blue line is below red dotted line

 

EXIT:

a) fix TP

b) Trail Stop

c) at S/R levels of your choice

d) when opposite arrow appears

e) when QQE blue line crosses the red dotted line in opposite trend direction

f) when QQE blue line crosses 50 line

 

Initial SL:

Last Swing high/low

 

Please let us know if you find better indicators for entries and filtering

of signals.

We only want the best .... :)

 

Timeframes ?

H1 most preferred, but M15 and M30 look good too.

H4 needs other settings, I don´t use it, so I cannot tell what settings

would fit.

 

http://www.multiupload.com/56019NDVOL

http://b.imagehost.org/0272/2EMA5_Cross_system.jpg

Edited December 20, 2010 by fxeasy5

[ismael360]

Alright! Thanks a Million FXEASY. Man, I really like this setup!

[camisa]

camisa, it is ok.

We have seen that live trading is different from using historical data.

 

I like to use a filter like QQE to avoid bad setups, but I do not expect to catch

only winners. It is impossible.

The most important thing in trading is: the profit must be higher than the losses.

 

yes, I entirely agree with you... I was just figuring that the indicator was too good to be true. Historically it seems much better than is real time (because histotically it erases some arrows); but I still like it tough; let's see if I can find it some use on my own system

[ismael360]

That was really quick too. It's amazing how an idea can spark into a good system and ea in days. I can't wait to see where this goes. And I already can't wait for "2EMA_5_Cross Trading System_V2"

[et_phonehome_2]

123 indicator

 

Here's the 123 indicator, but I would be cautious of it since as price moves in one direction, the 123 will change, it reminds me of zig zag...

 

http://www.easy-share.com/1908495016/!_Show 123 Indicators.rar

[chetachukwu]

Let me tell you guys something you dont know...

This indicator is a made to give a very nice picture, with a less funny behaviour than other stupid eye candys. it is a nice indicator dough.

The reason why it paints two buy signals without a single sell signal is because it is made to look good in chart. It does not repaint. when some certain arrows appear on your chart refresh the indicator, for example when you right-click on the indicator> indicator prroperties>Reset>ok then you will notice that some arrows will disappear and some arrows will stay. but that is not called repainting. it is called disappearance. :)

[fxeasy5]

Yes chetachukwu,

this indicator is not a repainter ... it is a historical "disappearer". :(

 

Next week I will trade this system on my live-account.

I expect at least 5 % daily profit with it .

 

If the indicator is going to let my equity disappear, I will tell you about it

and warn everybody to not use the disappearer on live-accounts.

;)

[chetachukwu]

Yes chetachukwu,

this indicator is not a repainter ... it is a historical "disappearer". :(

 

Next week I will trade this system on my live-account.

I expect at least 5 % daily profit with it .

 

If the indicator is going to let my equity disappear, I will tell you about it

and warn everybody to not use the disappearer on live-accounts.

;)

 

the indy is that baaaad :) just make good rules with it and it will give you 15 percent or more. disappearance is better than repaintance....hehe

[ismael360]

FXEASY will you be trading the London Session or New York?. What pairs and TF's will you trade. Are you going to test the EA Live if manual trading goes well? I just want to be able to follow you in you testing this live.

[fxeasy5]

I trade London and NY Session.

Pairs ?

EURUSD, GBPUSD , maybe EURJPY, USDCAD, USDJPY . (the beast GBPJPY I don´t know, probably not)

TFs : H1 and M15

 

There is no EA yet. Those which I have looked at don´t do what we need.

 

chetachukwu, I spotted one trade which would have yielded 18 % on H1 in one day, just going short at the valid arrow

and exit at the opposite valid arrow (confirmed by QQE).

Risk 3 %.

 

So, you are correct. We can make much more than 5% daily with it. ;))