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The Hodgepodge Trading System

  • #361
  • Jul 18, 2017 7:26pm Jul 18, 2017 7:26pm
I forgot one important detail....

The EA will only monitor trades it has initiated, if you manually open trades you will have to set a SL & TP and close out manually.
It would be nice (hint, hint) to have the trade manager monitor all trades. I'm not a programer so I have no clue as to how that is done.
  • #362
  • Jul 18, 2017 7:31pm Jul 18, 2017 7:31pm
Quoting MTPockets
{quote} Lot, SL, TP, BE etc. are all adjustable to your own preference. Everything you need to start trading is in the zip file in the first post.
I have (deliberately) refused to post too much of my discoveries on the settings.

The reason is very simple; my desire is that we do this collaboratively, by trying different settings (on Demo Accounts) and posting/discussing them here so we can develop the "best settings" for the various currency pairs.

Unfortunately, this is not happening.

I will hasten to say thanks to the couple who have been posting their Charts and/or results. Please feel free to PM on any matter. that is pertinent to this thread/system.

Cheers.
  • #363
  • Jul 18, 2017 7:31pm Jul 18, 2017 7:31pm
Trade from yesterday and still running.

Opened a trade after a pull back.
(My chart might look a bit different than yours)
and from what it looks like I might have another pull back trade in the near future
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf.JPG Size: 123 KB


I have 28 charts going, and I spend most of the time trolling around the other threads.
I don't trade Metals ... only currency
  • #364
  • Edited Jul 19, 2017 12:18am Jul 18, 2017 11:52pm | Edited Jul 19, 2017 12:18am
Quoting shay14
how many trades a week do you guys usually get with the system?
Look at post # 340.
That is just in one 4 hour period, but the trades lasted much longer.... some are still going

Edit:
One 24 hour period
  • #365
  • Edited 1:00am Jul 19, 2017 12:04am | Edited 1:00am
EURCAD just opened a trade. H4 chart
It hasn't quite crossed the 5 SMA +3 .
I think the trade will do OK ... but I will watch it until it clears the hurdle.
ADR on this pair is 141 and I put a TS at 50
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad.JPG Size: 134 KB
  • #366
  • Edited 12:57am Jul 19, 2017 12:12am | Edited 12:57am
After a closer look it is the 2nd closed HA candle after 5 SMA shift 3
Attached Image

it's a good trade !!!!
  • #367
  • Jul 19, 2017 9:02am Jul 19, 2017 9:02am
Trades as of 0700 PST
Nice work Hpodge !!!

Attached Image (click to enlarge)
Click to Enlarge Name: Trade Summary.JPG Size: 83 KB
  • #368
  • Jul 19, 2017 9:06am Jul 19, 2017 9:06am
OK The HP is looking nice ,I like Bill Williams fractels. HAve a slight issue with set up H4,D1,W1 are hiding some green bars and a number that fluctuates. Also what is the 5 ema x 8 ema mean? I only have 5 ma on the chart?
hope to post some trades up on here soon of successful trades ??

regards Paul.
  • #369
  • Jul 19, 2017 9:14am Jul 19, 2017 9:14am
Quoting paulkeys
OK The HP is looking nice ,I like Bill Williams fractels. HAve a slight issue with set up H4,D1,W1 are hiding some green bars and a number that fluctuates. Also what is the 5 ema x 8 ema mean? I only have 5 ma on the chart? hope to post some trades up on here soon of successful trades ?? regards Paul.
G'day paulkeys

Yes the chart does hide a few bars when price is going short, sometimes. Just zoom in a little.
The number on the lower left is your pip count, positive or negative.
The 5 & 8 EMA is hiden , it is your Higher TF Trend direction. It determines when to close or open trades when in alignment with the H4 Trigger TF.
  • #370
  • Jul 19, 2017 9:18am Jul 19, 2017 9:18am
wow I'm getting into this. those fluctuating numbers came from the pipsometer, so I changed it to the left corner of chart, I assume it tells me how many pips in profit I am... cool
  • #371
  • Jul 19, 2017 9:21am Jul 19, 2017 9:21am
Paulkeys,

Honestly, I just look at the charts from time to time and smile. This HP EA does (manages) all the trades.... you can almost say it's a "set and forget" trading system.
Only thing I do is add trades on pull backs. The Manual trades I do have to monitor.
Those I set at first with a 50 pip TS and reset it once the trades hit 60 pips to 155 TS
  • #372
  • Jul 19, 2017 9:28am Jul 19, 2017 9:28am
5 minutes to U.S. Crude Oil Inventories. If you have SL set close to price, not good.
  • #373
  • Jul 19, 2017 9:40am Jul 19, 2017 9:40am
Quoting MTPockets
Trades as of 0700 PST Nice work Hpodge !!! {image}
nice mtppokets.

happy trade
  • #374
  • Jul 19, 2017 2:59pm Jul 19, 2017 2:59pm
Quoting MTPockets
Trades as of 0700 PST Nice work Hpodge !!! {image}
very nic, what forex pairs have worked with the EA for you?
  • #375
  • Jul 19, 2017 3:03pm Jul 19, 2017 3:03pm
Greetings, New guy here and to trading also. Here's my config for gold backtest results.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Gold.PNG Size: 51 KB
Click to Enlarge Name: goldlarge.gif Size: 9 KB
  • #376
  • Jul 19, 2017 3:03pm Jul 19, 2017 3:03pm
Quoting MTPockets
Trades as of 0700 PST Nice work Hpodge !!! {image}
Nice work MTPockets!
  • #377
  • Jul 19, 2017 3:14pm Jul 19, 2017 3:14pm
Quoting paulkeys
OK The HP is looking nice ,I like Bill Williams fractels. HAve a slight issue with set up H4,D1,W1 are hiding some green bars and a number that fluctuates. Also what is the 5 ema x 8 ema mean? I only have 5 ma on the chart? hope to post some trades up on here soon of successful trades ?? regards Paul.
Hi Paulkeys:

5EMA x 8 EMA represents the status of the "cross" between the 5 period Exponential Moving Average and the 8 period Exponential Moving Average.

When 5EMA is above (or has crossed above) the 8EMA (on your chosen higher timeframes) we look for BUY Signals only. When 5EMA is below (or has crossed below) the 8EMA (on your chosen higher timeframes) we take SELL Signals only.

Here is some pretty good good reading for you.

Attached File(s)
File Type: pdf High Probability using Moving Average.pdf   1.3 MB | 499 downloads


Cheers.
  • #378
  • Jul 19, 2017 3:15pm Jul 19, 2017 3:15pm
Quoting paulkeys
wow I'm getting into this. those fluctuating numbers came from the pipsometer, so I changed it to the left corner of chart, I assume it tells me how many pips in profit I am... cool
It does
  • #379
  • Jul 19, 2017 3:32pm Jul 19, 2017 3:32pm
Lots of High Impact News for AUD, JPY, GBP, EUR on the horizon.
Good to be aware of these events.
Attached Image

Trade well!
  • #380
  • Edited 4:35pm Jul 19, 2017 3:37pm | Edited 4:35pm
Quoting shay14
{quote} very nic, what forex pairs have worked with the EA for you?
I work the 28 currency pairs
Attached Image


but remember "one size does not fit all"
Some do well in 4 hr TF while others are terrible in 1 - 4 hr TF's and better at 5 - 15 minute TF.
Explore each pair and list how they perform in the different TF
(hint)
Zoom out as far as you can on the chart and look and figure out which pair does what
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