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I have not had a chance to test the EA yet, but I have a suggestion for the third MA based upon my personal trading strategy. As we all know, trends tend to exhaust themselves and reverse as traders collect their profits and new positions are entered in the opposite direction. Thus, it would make sense to have a third moving average setting which would allow for a cross above the 3rd slow moving average to enter a short position instead of just a long position as I understand the EA has now. Therefore, when the price is above the slow MA and the 1st fast MA moves under the 2nd medium period MA, a short position can be enabled instead of just a long position. If, however, the fast MA gives a long signal above the 3rd slow MA, it can be disregarded as a potential slight retracement when this feature is enabled. The opposite would then be true for signals below the third MA. Just an idea based upon price action.
Hi powerbase, thank you for the suggestion. Since we already have Third MA feature, I will just add this new feature. Hope could upload the new release ASAP. Hope this help
By the way Dave, still working on it
Quote:
Hi Firedave,
Have you had a chance to figure out how to program a fix for the MinDistCross weakness. I hope you had a nice weekend and everything is ok with you and your family. I am anxious to test out your modification when you have it created.
With much appreciation,
Dave
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__________________ David Michael H
"Trader helps traders with sincerity, honesty and integrity"
That MinDistCross continues to plague the program. Since my last email to you FireDave, there has been 6 instances of either a non-entry or a non-exit occuring (on the 1 hour graphs) as a result of the gap. Putting the MinDistCross at ' 0 ' using the 5 minute graph for experimentation, the EA got hammered continuously by false 'noise' signals causing losses.
On the news front: I just read about the volcano erupting in Indonesia. Ever get the feeling that there are safer places to live, if in fact you are still living in Indonesia??
I will always appreciate your help Dave. The EA is excellent. Once this problem is fixed, it will be good to go in reliability. I am looking forward, a bit anxious, to see the result of your modification to this MinDistCross setup variable. Keep up the 'great work' and hope that you are able to resolve this issue. God Bless, and be safe!
That MinDistCross continues to plague the program. Since my last email to you FireDave, there has been 6 instances of either a non-entry or a non-exit occuring (on the 1 hour graphs) as a result of the gap. Putting the MinDistCross at ' 0 ' using the 5 minute graph for experimentation, the EA got hammered continuously by false 'noise' signals causing losses. I will always appreciate your help Dave. The EA is excellent. Once this problem is fixed, it will be good to go in reliability. I am looking forward, a bit anxious, to see the result of your modification to this MinDistCross setup variable. Keep up the 'great work' and hope that you are able to resolve this issue.
Hi Dave, I'm going to use iBarShift to check the cross and the pip distance for n number of bar after the cross. Got some experience on this approach from other trading plan.
Quote:
Originally Posted by iscuba11
On the news front: I just read about the volcano erupting in Indonesia. Ever get the feeling that there are safer places to live, if in fact you are still living in Indonesia??
Well, Jakarta, the city that I live, seems like a good place to live in Indonesia. Althought there is still a traffic jam and water flood problem. I do realise that there is no safer place to live because anything could happen anywhere anytime. So need to pray everyday for God' protection
Quote:
Originally Posted by iscuba11
God Bless, and be safe!
God bless you too, Dave
__________________ David Michael H
"Trader helps traders with sincerity, honesty and integrity"
Your the man with the programming plan. This sounds like the statement to use.
You are right about one thing Dave. Nobody can guarantee their safety unless God protects you. I was wondering if all this seismic activity and such is related to the platonic plates moving?? I just saw a movie on TV where a big fault started near Canada and continued all the way to the Gulf of Mexico, right through Houston - Anything is possible!
Hope your programming fixes this one big weakness. I will be in your debt for coming up with this excellent EA. You have a very generous heart. I know God knows that also and has probably given it to you - You are blessed, and now you are blessing people such as myself - Thank You!
Have a 'Great Day' and I will keep checking for when the modification is ready for testing.
I found one weakness - MinDistCross (A Vital filter but can cause missed opportunities) - - This filter measures the distance from each moving average (gap) to filter out many false signals as a result of the moving averages being too close to each other and barely crossing in both directions (Noise chatter).
The problem: If the program is testing on the current bar for a crossover, and the gap is too narrow, no entry trigger occurs. If the gap grows wide enough to surpass our MinDistCross criteria on the second or third or fourth bar later, the cross is not a current cross anymore, and the program will not trigger a buy or sell. This weakness caused 2 missed opportunities today in trading.
Is there anyway to program the program to allow the program to check for a current cross and still activate if the gap slowly expands past the MinDistCross within so many bars (adjustable) after the recent cross (example: 5 bars). Reason: On long term EA's a missed opportunity like this can cause a 100+ pip lost opportunity profit capture before the moving averages cross again. Since this occurred on 2 EA's today, I would say I lost a total of 200 pips in missed opportunities.
I have not had a chance to test the EA yet, but I have a suggestion for the third MA based upon my personal trading strategy. As we all know, trends tend to exhaust themselves and reverse as traders collect their profits and new positions are entered in the opposite direction. Thus, it would make sense to have a third moving average setting which would allow for a cross above the 3rd slow moving average to enter a short position instead of just a long position as I understand the EA has now. Therefore, when the price is above the slow MA and the 1st fast MA moves under the 2nd medium period MA, a short position can be enabled instead of just a long position. If, however, the fast MA gives a long signal above the 3rd slow MA, it can be disregarded as a potential slight retracement when this feature is enabled. The opposite would then be true for signals below the third MA. Just an idea based upon price action.
Great EA Dave. Thanks for all the hard work. I have a suggestion for another feature the very well could be benefitial to trading the MA.
Secondary Timeframe Confirmation. For instance, if you were trading on the M5 chart and you wanted the MA cross to be confirmed on the M15 chart (in the same direction) as to possibly reduce down false signals. This would work best on lower timeframes like say you wanted to try this on the M1 chart and confirm the MA on the M5 chart. It could make the EA into a half way decent scalper.
Great EA Dave. Thanks for all the hard work. I have a suggestion for another feature the very well could be benefitial to trading the MA.
Secondary Timeframe Confirmation. For instance, if you were trading on the M5 chart and you wanted the MA cross to be confirmed on the M15 chart (in the same direction) as to possibly reduce down false signals. This would work best on lower timeframes like say you wanted to try this on the M1 chart and confirm the MA on the M5 chart. It could make the EA into a half way decent scalper.
Anyhow, just an idea if you can do it.
Hi holyguy, thank you for the suggestion. Can you give more detail for this additional filter ? Such as what kind of confirmation that we need for the higher timeframe, is it just a cross above / under another MA or another cross on higher timeframe ? Thank you in advance
__________________ David Michael H
"Trader helps traders with sincerity, honesty and integrity"
Hi holyguy, thank you for the suggestion. Can you give more detail for this additional filter ? Such as what kind of confirmation that we need for the higher timeframe, is it just a cross above / under another MA or another cross on higher timeframe ? Thank you in advance
Just a Cross on a higher/lower timeframe is all.
Example:
Say, you were using the MA Cross on a M5 timeframe, but you wanted to filter out false signals so you wanted to confirm the MA Cross to wait on the M15 timeframe as well. That way it could potential filter out the "noise" that the lower timeframe have.
Received your modifications! Looking forward to forward testing with the changes. I cannot express my thanks for the major effort you have continually put into this EA. I pray this EA is the one that will work continuously. You Are The Man!
Linear Mode
