yes

Magic 5 - five pips only

Just a quick look at your chart suggests that your short EMA does not have the shift of 2 periods applied. Not sure I completely understood your query.

Magic 5 - five pips only

No I would not have taken that trade because of S/R. As a programmer of 40+ years, there is no such thing as a perfect program, let alone an EA. Yes there are other indicators that can be added and I encourage open discussion on this matter. I have ...

Magic 5 - five pips only

According to tk5's specific guidelines yes. It fell within all the parameters but in line with general discussion, support / resistance should be considered (which can be subjective at times) and that's why I implemented the advisory and ...

Magic 5 - five pips only

quote 4- I also think the same as you and agree with you that the EA are not good. Those are only money making commercially. and not to trade, but it is not bad to try free EA’s on demo accounts to watch the performance. The EA is simply an ...

Magic 5 - five pips only

There were no trades on that chart at all according to the trade rules. At the close of the candle with the blue arrow there is no buy trade because the candles are below the Long MA and no short trade at the "enter?" because the RSI has not come ...

Magic 5 - five pips only

The Heiken Ashi Candle discussion can be found here url In the EA the HA candle close is referenced in these lines in the EA HA2Previous = (Open[2]+High[2]+Low[2]+Close[2])/4; HA1Previous = (Open[1]+High[1]+Low[1]+Close[1])/4; .... if ...

Magic 5 - five pips only

The first trade did not trigger because the RSI never came from a low signal and the HA (Heiken Ashi) candle never passed below the Short MA. The second trade did not trigger because candles were above the 200 long MA. If you had been using the EA ...

Magic 5 - five pips only

You have optimized additional settings, the end date is later (I used 2014/12/05) and have used the spread of your own broker. I did the optimization with 2 pip fixed spreads. Your own broker may also have a different price feed. Also remember, ...

Magic 5 - five pips only

After the trading of the last day, I have decided to change the EA slightly to allow for more discretion in the advisory and discretionary modes. For those who are new to the thread, the EA has 3 modes Trade0Alert1Both2 = 0 ........ this purely a ...

Magic 5 - five pips only

I'm using the EA in advisory mode only and got a signal on the USDCAD about 30 mins ago and am just waiting for AUDUSD & GBPUSD also.

Magic 5 - five pips only

Yes that chart is a good example. Both the RSI and MACD were showing classic divergences. In fact 5 pips would not have done that setup justice in hindsight. The consideration is that a discretionary approach can take a few liberties for a 5 pip ...

Magic 5 - five pips only

In the current situation on most of the major 15m charts the Short EMA is a long way away on the favourable side of the Long EMA so very little action in the near future unless the Long EMA is disregarded. Maybe food for thought.

Magic 5 - five pips only

In Post #2, tk5 said max. 4 trades / day. I guess that means regardless of win or loss. Maybe he will enlighten.

Magic 5 - five pips only

Consolidation areas are periods of time where the price is generally going nowhere. There is no particular dominating buy or sell market force and traders are unsure. Generally there is a low trading range and volume. You are correct in that it ...

Magic 5 - five pips only

That would mean that the average price range would have to be half a cent ie. 50 pips over the last 50 periods ie 12.5 hours on 15 min chart. For example:- The backtest optimization I ran on the 15m EURUSD for this year gave values of ATRLookback = ...

Magic 5 - five pips only

The EA is compatible with 5 digit brokers. StopWin of 70 of a Buy Order means an increase 70 pips ie. Buy at 1.2300 Take Profit at 1.2370 Your $ profit is dependant on number of lots.

Magic 5 - five pips only

On looking at that chart, my feeling is that from a purely technical point of view, I would agree with you and I will talk to tk5 with a view to implementing some code within the EA to avoid such trades. The Average Trading Range is also low and ...

Magic 5 - five pips only

I had a look at the GBPNZD 15 min chart and there were no trade setups today and that is why you didn't get any trades. The cross up earlier in the day was not supported by the RSI The crosses down later were not supported by the 200 EMA I suspect ...

Magic 5 - five pips only

I'm sorry to those who have had problems with the latest EA The problem was in these 2 lines if (Trade0Alert1Both2 == 1 || Trade0Alert1Both2 == 2) CheckForModify(); if (Trade0Alert1Both2 == 1 || Trade0Alert1Both2 == 2) CheckForClose(); I have ...

Magic 5 - five pips only