I checked and the version #2 works exactly as accrete described.
Will try to optimize the settings to see: may be this version will be more profitable.

Greetings all.

I like to trade with what i call Four Dimensional Charts...Let me explain. For instance, I am now looking at a 5m chart. On this chart i have the following:

a 330 ema (this is equal to a 55ema on a 30m chart)

a 78 ema (this is equal to a 13ema on a 30m chart)
( i might also do a forward test using the 55ema of 5m instead of the 78ema)

and then i have a 13ema (13ema on the 5m chart)

I like the 13/55 as i got this out of Tom DeMark's book "New Science of Technical Analysis. I look for the first candle that both the 13 and 55 turn in the same direction (i'm not looking for a cross), but knowing that higher time frames will often rule over the smaller ones, and this EA being set to 15/30/60m charts, i took the 30m chart and did the math and applied the MAs to the 5m chart.

OK what i did today. I placed the 13 as the signal

330 as the main,

and 78 as the close (but again, i might forward test the 55ema also)

So far it is behaving exactly as i had hoped. I have it running on 9pairs and i've had 9 trades close since i began the test after today's NY close. All were in the negative, and i expected this, but they are very small losses, 10pips here, 5 pips there...no biggie. I think of this as a small price to pay for having things ready for hopefully captureing the big moves.

Currently there are 6 trades open from -7 to +9 pips, again, no biggie, as i post it is 14:00ish in Tokyo (07:00ish C.E.T.) so i'm not expecting much action, but it will be interesting to see what this does during the Europe open to NY open when i rise tomorrow for NY open at my 5am Pacific time.

Here is my thought on the EA. I like what i see so far. Now here is something else i believe will create some additional opportunity for us w/this EA, can there be trading to/from hours set up? I'm thinking about setting it to trade from say London open to NY open +2 hours then shut down. Let the trades trade, but not enter any trades during the off hours when the market often consolidates and the MAs go into their spirals.

Any thoughts?

Cheers,
Thom

__________________
Find a way to make someone's day

Please find two versions of this EA with timefilter: EA will open the orders in particular hours only (from ... to). Time is Metatrader server time - different in different broker:
Alpari is GMT+2, North Finance is GMT+3 and so on.

Attached Files

	EmaFibotf_v1.mq4 (11.5 KB, 95 views)
	EmaFibotf_v2.mq4 (11.8 KB, 119 views)

Woke up this morning to find FEMA humming along nicely and behaving very gentlemanly. Had closed out several trades and some trends finaly kicked in. Here is what i'm seeing on the 5m, showing just the biggies: EurJpy +34, EurUsd +35, UsdCad +45, UsdChf +39....any one of these four trades more than make up for the losses during the MA-spirals during the non Ero/US market hours.

Will begin testing the v2tf today.

: ) Thom

__________________
Find a way to make someone's day

Man my EA hasn't won any pips, it didn't even open up any trades. I have downloaded the new one though, v2, and hopefully it will work better. I have it set to H1 chart (best modeling quality of all the timeframes) with 'stock internals'


Will post my returns, if i get any

B

I backtested this version #1 back to 2001 with modeling quality 90% for M30 timeframe. I posted it on this thread somewhere. It is not trading very often.

May be accrete is using his own settings so ask him.

I did not optimize the settings for version #2 yet.

This is version is working out well for me. Right now, it has over 100 pips on 3 majors (except usd/jpy). I realize that it will take profit or exit on the cross. However, at times, there may not be enough pips gained to support that reversal. Is there a way to add a PipsProtect option like at 10 pips be added to the EA?


Thanks,

solaris

What is PipsProtect?
may you clarify?

Is it to close all the orders with 100 pips (or 1,000 deposit currency) profit or losses?

I may try to add but I don't know what the PipsProtect is.
More in detailes please.

Yea, in the first post: Statement #2 modeling quality 84% and it only goes back to 2005, not trying to argue... because i appreciate your help newdigital!

B

Edit: Statement #1 modeling quality 90% and it too goes to 2005 here's the dates off statement 1 - 30 Minutes (M30) 2005.10.25 00:00 - 2005.12.25 00:00

ND, that is how I understand it from codersguru's ProfitProtect. However, that will take away some further pips gain from other pairs which may have more room to move in the direction of the trade.
My idea is more specific to the pair which is reversing. I realize that such pair maybe moving back to the trade direction. But this will be no different than having it hit my breakeven or trailing stop. Actually, I think a code that simply says that if the trade reach a certain # of pips that it protects x # of pips profit, i.e. 10 pips or 5 pips from the cross exit.

I hope that I got my idea across.

So, far the most pips loss I have had was -30 pips on one pair. The EA runs fully automatic, no interference at all.

BTW, another possible enhancement is using a percentage of the Average Daily Range built in within the EA codes as the profit target. The % could be user input.

Question, if I close a trade manually, will it re-enter a trade before another incidence of the trade entry or re-entry condition?

That's it for now. ND, your endless effort and unselfish contribution to this forum is very much appreciated.

solaris

P.S. FYI, I use different MA settings from the originals in the EA.