The Hodgepodge Trading System

Sorry man, I didn't want to reply again but I download each file like 2 times to recheck but can't seem to find this gold .set file you're talking about. Just found the .set file named hodgepodge!

Thanks

continuation...

2nd trade opened after HA crossed 5 SMA +3
Now we SOOH (Sit On Our Hands) and see what happens

https://www.forexfactory.com/showthr...9#post10021599

Try opening the link yourself, it's blank. You don't need to get back to me right now though, we're all busy so take your time!

I got the right link this time .. click on the link again

Great trade, looks promising. Thanks for the system

continuation ...

Looks like the GBPAUD didn't like my scalp trade

That's OK... there will be more opportunities in the future

Ah yes, that is good advise

The OPEN-script
The open-script will simply open NEW charts and will not influence existing trading. Depending on the input-parameter you can select if it will open 28 new charts or just new charts that are not already open. I always use the latter option.

The CHANGE-scripts
The change-scripts will change the timeframe of all open charts to the indicated timeframe (H4 or D1). This could potentially change the behaviour of running Expert Advisers when they need a specific chart-timeframe other than H4 or D1.

The sourcecode is included in the zip-file so its easy to see what happens. These scripts are intended to be used when you are experimenting with settings of indicators and expert-advisors. On a system with live trading I would recommend to be very cautious with using scripts. Personally I use a separate computer for live trading. I try to keep that system as clean as possible regarding unneeded software.

Hello Krismitt and thanks for sharing this system with us. I've found this thread by chance and immediately has caught my attention because I'm building a system with a very similar entry signal, so I've registered To FF , and I've subscribed to your thread.

After reading the thread, the first I've made is to try to replicate your gold test posted on the first page, but I can not with the newest version of the EA, because results are very different. So I've tried again with the first EA version and again my results are very different.

Krismitt, I think I have the same settings as you, but my method is "every tick", but the difference is notable. Also, note that the majority of my profit comes of only two trades.

I'm sure this EA and methodology are powerfull, but first I need understand very well how the EA works.

this ea , even with martingale aspect enabled, really have potential , thanks for sharing it.
btw , on backtest , there are a lot of order modify error 130 , seems the stop loss are to close , in fact i set it 100 , how can it possible? does anything wrong?
tq

tillionaire ....

are these the correct settings?

Thanks for posting jquellbo and happy to have you on the thread.

Before commenting on your results, I would like you to do some additional testing on some Forex Currency Pairs and post those results also. I have been promoting a collaborative approach here on this thread so we can work together to discover what works best for each of us. I see no issue with your gold results by the way. The only bankable results you get from back-testing is that the EA does what it is supposed to do . You should therefore do some forward-testing on a Demo Account.

Cheers.

am i the only one who noticed trades will open on third HA candles? instead of just the second?

The EA is coded to open trades at the OPEN of the HA Candle after the close of the Signal Candle. The signal Candle is the Candle that breaks and closes above/below the 5-EMA

Cheers.

Hi shay14...
They are the settings that I use

Hi MTPockets. Are you using these settings for all the pairs?

I've made some tests with gold, but not optimization yet. All the tests have been made with "every tick", and "visual model", by this way I have a clear idea how this EA works, and I have some conclusions and/ or suggestions.

1. The EA is designed to consider higher time frames, but the trades are executed in shorter time frames when the trends are in the same direction.
Ok this is good, a solid and robust principle, but all trades are closed after a few hours so, Why we use W1 period?

I've made tests with W1+D1+H4, D1+H4 and D1 (entries with 4h and 1h), and in my opinion, W1 is useless, because all the trades are closed after a few hours. It makes more sense, in my opinion, to delete the W1 and add 1H, because the system is short time oriented.

2. Have you considered the possibility of stacking? For example, take the trades like now, but instead to close the full position, close only the half, let the remaining half run, until the trend of the higher time frame reverse.

3. In my first post, I said I work with a similar idea, and as you, I want to avoid range periods, so I been trying and testing different methods. This is one of the best I've found and maybe you will find it useful for your system.

I use a Bollinger band with these settings:

D1= period 5, shift 1, dev1. ( why period 1? because 5 days = 1 week).
4h= period 6, shift 1, dev1. ( why period 6? because 6 bars of 4h = 1 day).
1h= period 4, shift 1, dev1. ( why period 4? because 4 bars of 1h = 1 bar of 4h).
30min= period 8, shift 1, dev1. ( why period 8? because 8 bars of 30min = 1 bar of 4h).
15 min = period 8, shift 1, dev1. ( why period 8? because 8 bars of 15min = 2 bar of 1h).

Now, look the attached chart. When a bar opens and closes above/ below of the BB, is my signal bar ( is better if the high and the low are also above/below). When the trend is strong, the following bars open and close also above/below of the BB.It's a hot market. Here is when we are interested in opening trades. When there is a bar that open and closes in the BB, then the trend is losing momentum and most probably is going to have a ranging period.


I attach the tests, maybe someone is interested with.

Sorry, I forgot this test. This is gold 2016-2017, D1+h4, sma break as a exit, and martingale factor of 0.03. Now, I'm going to run an optimization. I'm not a big fan of the optimizations, but let's see what happen.

Yes .. to enter trades then I switch over to D1 only

2. Have you considered the possibility of stacking? For example, take the trades like now, but instead to close the full position, close only the half, let the remaining half run, until the trend of the higher time frame reverse.

I also do stacking. Somewhere in this thread I have a picture of Stacking a lower TF in direction of D1 trend (post #381) then close the full positions when D1 trend is exhuasted.

Thank you for posting your suggestions.
We get better with this system when traders share ideas.