The Hodgepodge Trading System

Quoting krismitt

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{quote} Thanks for your comments Tatachar; will consider them. I really like this comment by Emmanuel, https://www.forexfactory.com/showthr...44#post9984744. It seems a very good solution for staying clear of "chop" and I might include it as an optional Higher Time-frame check. This is also very useful for my Trading in General since it can be one of the filters in my weekend evaluation of currency pairs to be traded in the week ahead. Trade well.

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Quoting Tatachar

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{quote} Nice. So in essence we see the daily candle(s) and if it is consolidation/range then we may avoid taking trades on H4 - Did I get it right?

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Quoting busted

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Mr.MTPockets, hello. I was exciting about your result! I have a one silly question. How long do you turn on the EA or do you keep it working whole day except before major news? thanks and have a green pips!

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Quoting MTPockets

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Letting the Hodgepodge EA run all next week without closing manually. Spreads have widened for the weekend so Auto Trade was disabled until Sunday, when spreads come back to normal . {image} Have a great weekend to all !!! MTPockets

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Quoting krismitt

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{quote} Are you still having this issue Skat? Cheers.

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Quoting Skat

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{quote} Hi Krismitt, I didn't counter the issue again in BT. However I still have to forward test it. I am following the progress of this thread with interest and hope to contribute in near future. Thanks to you and MTPockets for your contributions. Regards skat

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Quoting krismitt

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Heads-up Next Version of EA to have Inside Bar (IB) check on Higher Timeframe to avoid "chop" (Sideway/Ranging Market) on the Lower/Current Time-frame while trading. {image} So if Trading the H4 Timeframe, before opening a new position EA will check for IB Setup on D1 and if IB is present then the Trade Setup will be ignored. Similarly, if trading on the D1 Time-frame EA will check for IB on the Weekly Chart. So EA will have two Higher time-frame filters:- 1. Trend Filter - Moving Average Cross; and 2. Range Filter - Inside Bar Check, inspired by...

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Quoting Tatachar

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Hi Krismitt, Thanks for the updates you are working on the EA. I noticed this morning that GJ short was activated by the EA. If you see the daily HA candles are blue, however the cross has not happened for long yet. Do you reckon it's a good idea to include the condition where if daily candle has closed above Smoothed 5 MA(shift 3) then any short trades are void?

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Quoting MTPockets

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{quote} Hi Tatachar, On the Daily timeframe the HA was blue but the cross of the 5 & 8 ema still shows a short position. I would wait for the GJ to continue on it's downward trend, which shouldn't be too long from now. {image} The GJ has the highest ADR of all the Forex pairs (152 pips) so it is nicknamed "The Beast". It is hard to trade , but with the Daily giving you direction it is a lot easier to manage, just be patient.

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Quoting krismitt

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Heads-up Next Version of EA to have Inside Bar (IB) check on Higher Timeframe to avoid "chop" (Sideway/Ranging Market) on the Lower/Current Time-frame while trading. {image} So if Trading the H4 Timeframe, before opening a new position EA will check for IB Setup on D1 and if IB is present then the Trade Setup will be ignored. Similarly, if trading on the D1 Time-frame EA will check for IB on the Weekly Chart. So EA will have two Higher time-frame filters:- 1. Trend Filter - Moving Average Cross; and 2. Range Filter - Inside Bar Check, inspired by...

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