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The Hodgepodge Trading System

  • #581
  • Aug 2, 2017 3:32pm Aug 2, 2017 3:32pm
Quoting wileypeyote
{quote} Here's the settings. {image} Traded on H4. Only trading the 8 pairs in the report. Going Live next week!
Thanks Wileypeyote.

The Inside Bar Filter was introduced for D1 Trading.

I did a number of back-tests using it with H4 Trading and the results were disappointing; it filtered out more than 50% of possible entries, many of which were pretty good to I abandoned the idea.

Evidently, you have used it with some success so I am going to have another go at it!.

Iron sharpens iron

Trade well.
  • #582
  • Edited Aug 3, 2017 2:41pm Aug 2, 2017 4:13pm | Edited Aug 3, 2017 2:41pm
For those that have questions about adding to a HP trade...
let's go through this trade together ...
Hodgepodge opened a trade on the H4 sometime while I was asleep (#1 on chart) without changing the chart I opened up another chart using Hodgepodge No EA. I looked at Daily chart to see where the trade is sitting on the candle .. still on H4 after NY open GBPJPY dropped to the bottom of the H4 candle. without changing the chart I placed up a second trade (#2 on chart) .. All this is shown on the Daily chart (notice I have the 5 & 8 EMA and the 5 +3 SMA on the chart, so I can see in what relation the trend is to the trades.
Attached Image (click to enlarge)
Click to Enlarge Name: lesson 1.JPG Size: 140 KB

Attached Image (click to enlarge)
Click to Enlarge Name: lesson 1a.JPG Size: 183 KB


Now we will SOOH's (sit on our hands) and let the trade unfold... hopefully it goes the right way.

Question



I have disabled the Hodgepodge EA on the H4 chart and switched to the Daily chart with that EA disabled ... Why ??
(Anyone other than krismitt please answer)

************EDIT************


I'm thinking the best way to trade these Pound crosses is on the Daily chart. Still has too much risk on H4 charts.

*****Results*****


Woke up this morning and I thought I was seeing the U.S. Housing bust from years ago ..

Attached Image (click to enlarge)
Click to Enlarge Name: lesson 2.JPG Size: 132 KB


I waited for an uptick on the 15 minute chart and added number of all lots I had in the trade , to lessen the pain , then closed all trades.
Maybe next time things will go good.
  • #583
  • Aug 2, 2017 4:33pm Aug 2, 2017 4:33pm
USDCAD UPDATE

Still in.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_001.png Size: 17 KB

HTF filters were turned off for entry. Have since enabled them so as to keep my eyes on how the pair is developing.
Trade well.
  • #584
  • Aug 2, 2017 4:56pm Aug 2, 2017 4:56pm
Quoting krismitt
{quote} Thanks Wileypeyote. The Inside Bar Filter was introduced for D1 Trading. I did a number of back-tests using it with H4 Trading and the results were disappointing; it filtered out more than 50% of possible entries, many of which were pretty good to I abandoned the idea. Evidently, you have used it with some success so I am going to have another go at it!. Iron sharpens iron Trade well.
I have it on from some previous tests across 28 pairs. While I did notice some major trades not being taken, it seemed to filter out the ranging periods that happens around middle of NY session to Tokyo/London session.

I read the TMS thread that Big E started, and since he quit trading at a certain time of day due to ranging markets, I figured it would be a useful filter to keep the trash trades from starting. But it still allows some trades that occur for whatever reason, news, market makers, etc.

So far, so good!

Thanks, again, for this system.
  • #585
  • Aug 2, 2017 5:43pm Aug 2, 2017 5:43pm
[quote=MTPockets;

[SIZE=5]Question[/size]


I have disabled the Hodgepodge EA on the H4 chart and switched to the Daily chart with that EA disabled ... Why ??
(Anyone other than krismitt please answer)
-------7

answer, post#555 IMHO
da n0o0b + $hit_Disturber
  • #586
  • Aug 2, 2017 6:23pm Aug 2, 2017 6:23pm
Quoting wileypeyote
{quote} I have it on from some previous tests across 28 pairs. While I did notice some major trades not being taken, it seemed to filter out the ranging periods that happens around middle of NY session to Tokyo/London session. I read the TMS thread that Big E started, and since he quit trading at a certain time of day due to ranging markets, I figured it would be a useful filter to keep the trash trades from starting. But it still allows some trades that occur for whatever reason, news, market makers, etc. So far, so good! Thanks, again, for this...
Brilliant!!!!

I was actually thinking of adding a "Market Session" Input for the same reason and to "Close all trades at end" like BigE did, but I really like your thinking here. I will definitely be giving it a go.

This is the kind of learning I would love to see happening in this thread. Iron sharpens iron!.

Cheers.
  • #587
  • Aug 2, 2017 6:50pm Aug 2, 2017 6:50pm
[quote=pipsy7;10149839][quote=MTPockets; Question I have disabled the Hodgepodge EA on the H4 chart and switched to the Daily chart with that EA disabled ... Why ?? (Anyone other than krismitt please answer) -------7 answer, post#555 IMHO[/quote]

That makes me so happy pipsy7, someone who is showing interest by actually ready from the beginning !!!
  • #588
  • Aug 3, 2017 3:06pm Aug 3, 2017 3:06pm
Same scenario as the GBPJPY trade that I was hoping to follow but the ECB had different ideas.

GBPUSD , I'm hanging onto for awhile and see if it can be recovered.
Attached Image (click to enlarge)
Click to Enlarge Name: lesson 2a.JPG Size: 110 KB
  • #589
  • Aug 3, 2017 4:20pm Aug 3, 2017 4:20pm
Quoting krismitt
{quote} Brilliant!!!! I was actually thinking of adding a "Market Session" Input for the same reason and to "Close all trades at end" like BigE did, but I really like your thinking here. I will definitely be giving it a go. This is the kind of learning I would love to see happening in this thread. Iron sharpens iron!. Cheers.
Thanks!

It's just theory really, a concept that so far for the rest of this week hasn't really panned out. Will screenshot tomorrow, after NFP.

I think your trading session idea would be a great addition actually. It would be nice to have multiple instances (maybe 3, with a true/false setting to turn them on or off) too, so that if there were news events coming out, I could set the EA to be on for a small window in the middle of the "closed" part of the day.

Not at all a request, but I would happily test it if it were implemented!
  • #590
  • Aug 3, 2017 4:37pm Aug 3, 2017 4:37pm
Quoting wileypeyote
{quote} Thanks! It's just theory really, a concept that so far for the rest of this week hasn't really panned out. Will screenshot tomorrow, after NFP. I think your trading session idea would be a great addition actually. It would be nice to have multiple instances (maybe 3, with a true/false setting to turn them on or off) too, so that if there were news events coming out, I could set the EA to be on for a small window in the middle of the "closed" part of the day. Not at all a request, but I would happily test it if it were implemented!
I love ideas.....I spend hours testing and checking out the good ones. If yours has merit it will have a place in my Arsenal.

I am only considering Sydney, Tokyo, London & New York with "Yes/No" for each, and option to "Close_all_trades_at end", like BigE did.

In due course....

Cheers.
  • #591
  • Aug 4, 2017 8:16am Aug 4, 2017 8:16am
As promised, here are the results, post NFP:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 93 KB


Each window has the most recent trades on it.

Summary of the results:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 19 KB


Same settings as I posted previously, lol.

I think that maybe the 5x8 cross on the D1 may be a little slow? At first glance, it looks like if I had left that filter off, perhaps I would have done better with these pairs. But a quick glance at my tests with 28 pairs looks like that would have been a mistake.

So maybe just a rough week for the Hodge Podge. Any input on these trades and what I could have done to have succeeded would be great.
  • #592
  • Aug 4, 2017 12:53pm Aug 4, 2017 12:53pm
wiley

Same losses I got ...
ECB and today's' job report , we shouldn't have traded the past 2 days
  • #593
  • Aug 4, 2017 3:59pm Aug 4, 2017 3:59pm
Quoting MTPockets
wiley Same losses I got ... ECB and today's' job report , we shouldn't have traded the past 2 days
Haha!

Didn't even occur to me that I shouldn't trade. I guess that's a rookie mistake.

Live and learn, I suppose.

Enjoy the weekend, friends, and hopefully we have a better week come Sunday/Monday!
  • #594
  • Aug 4, 2017 4:15pm Aug 4, 2017 4:15pm
Quoting MTPockets
wiley Same losses I got ... ECB and today's' job report , we shouldn't have traded the past 2 days
Had a net loss this week as well; lost $400.00 thereabouts.

Played around too much with USDCAD and lost some there, plus yes, ECB gave me a kick in the gut!.

Note to self: Stick to your system and keep your eyes on High Impact news and finally, stick to D1 Trading!!.

Have a good weekend all!!.

I will be needing some volunteers for EA testing next week; preferably if you have VPS Services available to your or if your PC is on 24/5!. PM me if you are interested.

Regards.
  • #595
  • Aug 5, 2017 12:09pm Aug 5, 2017 12:09pm
Quoting krismitt
{quote} Jansb000: It appears you might have mistakenly posted these charts/results here as this is not our system. Regards.
Ha ha, nope. Sorry I used the wrong template. I have the EA on a different computer then the one i took the screenshots from. Sorry for the confusion. I will make sure I use the correct template next time.
I decided to take the profit before the ECB and NFP so no losses for me this week .
Cheers.
  • #596
  • Aug 6, 2017 12:30am Aug 6, 2017 12:30am
TRADE REPORT

Trade Report Indicator, if you do not have it.
Attached File(s)
File Type: mq4 TradeReport_compact(1).mq4   53 KB | 474 downloads


Regards
  • #597
  • Aug 7, 2017 3:45am Aug 7, 2017 3:45am
Quoting MTPockets
wiley Same losses I got ... ECB and today's' job report , we shouldn't have traded the past 2 days
-------7

check ur PM m8
da n0o0b + $hit_Disturber
  • #598
  • Aug 7, 2017 3:40pm Aug 7, 2017 3:40pm
EURAUD LONG TRADE
08/08/17
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD_080817.png Size: 17 KB


Trade Well
  • #599
  • Aug 7, 2017 3:43pm Aug 7, 2017 3:43pm
EURCAD LONG
08/08/17
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD_080817.png Size: 19 KB

Trade Well!.
  • #600
  • Edited Aug 8, 2017 12:03am Aug 7, 2017 4:02pm | Edited Aug 8, 2017 12:03am
I will now be monitoring/managing both trades on the D1 Time-frame (until D1 Exit Conditions).
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD_D1.png Size: 16 KB

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 16 KB

Trade well!.

UPDATE

Went out today and came back to see both trades closed!. Phew!.

Reason: I entered on the H4 and switched to D1, but forgot to change the EA settings, specifically, the "move_stop_to_break_even".

The H4 settings are much too tight for the D1 so once the switch is made, the settings must be adjusted to match the D1 Time-frame.

My Stop to break-even on H4 for example is usually at 30 pips but for D1 it's always 100 pips.

Lesson learnt!.

Ps: I have re-entered the trades manually.

Regards.
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