Hello Neil,

In line with Hayden's comments I place the three MAs on both price and RSI.
Price is most important, therefore I wait until the 9 crosses the 20 for
B/S. I watch the MAs on RSI since they move quicker than on price and give
an early warning. See pages 107 to 110 of Hayden's book mentioned below.
The earliest signal is RSI crossing the 9 SMA when RSI is >40 for buy and <
60 for sell.

Loren

----- Original Message -----
From: "Neil R" <nery25@hotmail.com>
To: <MetaTrader_Experts_and_Indicators@yahoogroups.com>
Sent: Monday, October 23, 2006 4:05 PM
Subject: Re: [MT_E and I] HELP! bolltrade v3h2 with ben's rec. filters
running?

>
> Loren:
> Are you putting a 9sma,20sma and 45wma on the RSI? what are you signals?
> Thanks,
>
> Neil
>
> From: "loren morlan" <gmorlan@tampabay.rr.com>
> Reply-To: MetaTrader_Experts_and_Indicators@yahoogroups.com
> To: <MetaTrader_Experts_and_Indicators@yahoogroups.com>
> Subject: Re: [MT_E and I] HELP! bolltrade v3h2 with ben's rec. filters
> running?
> Date: Thu, 19 Oct 2006 22:54:04 -0400
>
> The key to a successful EA is finding an accurate indicator which will
> identify "trend" in any time frame. Hayden in his book "RSI: The
> Complete
> Guide" at pages 107 to 110 discusses his use of the "standard workhorse
> tool used by most technical traders". Hayden and others use moving
> averages
> because they remove volatility from the data series.
>
> He states that the "trend" may be confirmed by calculating a 9-period SMA
> and a 45-period WMA on RSI and price. The specific rules for this setup
> are
> mentioned at pp. 107.
>
> I use this setup and in addition add a 20-period SMA to both price and
> RSI.
> The 20-period SMA uses a Bollinger value. I attach chart of gbp/usd
> showing
> its appearance.
>
> Loren
>
> ----- Original Message -----
> From: Ross Todd
> To: MetaTrader_Experts_and_Indicators@yahoogroups.com
> Sent: Thursday, October 19, 2006 5:31 PM
> Subject: Re: [MT_E and I] HELP! bolltrade v3h2 with ben's rec. filters
> running?
>
>
>
> I will post my results of the different settings and trade results of
> Ron's BolTrader tomorrow. The results will be flawed however because I was
> using IBFX demos which really sucked this week - not only that but I
> couldn't start the EA at the Sunday start becouse of a power outage. But
> it
> does look like this week will be a loss - after a couple winning weeks.
>
> This EA is great when the market is in a fairly tight range but will get
> beat up when the market gets into a trend. There are some better EA's when
> the market is trending - Ron has written some based on MA's, TMA's, etc
> that
> work well in a trend (I am sure there are others - like TSD) - Anyway I
> was
> just wondering if it would be possible to combine several systems into 1
> EA?
> For example - when the BolTrader is running - the Moutiki (trendline based
> EA) could be setting Buy or Sell stops based on the TL breakout and a MA
> could verify the breakout trade and manage the continuation of the trade
> if
> there was indeed a breakout. It would certainly be possible that you might
> have a long and a short going at the same time.
>
> I think the ideal time to start using the BolTrader would be to wait til
> after you have caught a good trend - for example - you look at the Weekly
> chart and determine that the pair in an overall up trend - then you see
> that on the Day chart - the price is at the bottom of the Bollinger band -
> it breaks the TL long - the fast MA has crossed the slow MA so you are
> going
> long. After you wrere up about a 100 pips - the BolTrader kicks in to
> play
> with the houses' money. The long trade is still running but now you are
> using the BolTrader scalp some short trades and add positions to the long
> trade (don't close the long trades at 9 pips - let them run). If you do
> get
> into a loosing short trade you have hedged the loss by the open long
> trade(s).
>
> OK - maybe this is just crazy and after I think about it a while - I
> will
> regret posting - but maybe it will jump start somebody else's correct
> thinking....
>
> ross
>
>
> ----- Original Message -----
> From: Ben Nachtrieb
> To: MetaTrader_Experts_and_Indicators@yahoogroups.com
> Sent: 10/19/2006 7:37:27 AM
> Subject: Re: [MT_E and I] HELP! bolltrade v3h2 with ben's rec. filters
> running?
>
>
>
> Der_k, : )
>
> Well, I saw your message below last night. At the same time bolltrade
> had a ton of sells open from about 730gmt to 2340gmt. None of these open
> positions saw any retracement big enough to hit tp so they stayed open.
> Why? Because, if you look at the eur/usd during that time, price never
> really retraced after it deviated from the mean....what you'd want if you
> were trading small trends. Not good for the Bolltrader. Long story short
> these sells never got retraced and price broke out hitting a bunch of
> SL's.
> Big losses...relatively speaking. I'm down to half my original balance.
> That said....
>
> If you look at the results of the backtests it is somewhat consistant:
> numerous wins with only a few isolated losses here and there (if any) then
> a
> bunch of losses in a row. The isolated losses are outliers (the earliest
> buys or sells in a series of trades that are openned and their SL gets hit
> before they see the retracement). The "bunch of losses in a row" is when
> price rises for a while then breaks out in the SAME DIRECTION. The
> breakout
> sees enough vol. to stop trading but positions are already open at that
> time
> in anticipation of retracement. The breakout hits a bunch of stoplosses
> and
> causes a succession of big losses.
>
> So..... Either 1) The timing may have been bad: I started trading one
> day before price had one of these somewhat rare steady increases then
> broke
> out in the same direction. And I just need to wait a little and the wins
> will outpace the losses in the long run. Or 2) the bolltrader with a small
> BDistance and small period setting doesn't work.
>
> At this time I think its 1) above. Here's why: I just did a back
> test
> with the exact settings as I have been doing etc. and the succession of
> losses I have had since CPI also shows up in a backtest over the that same
> timeframe. So that tells us (generally) that the backtests are including
> these succession of losses. This negates (does not eliminate) the
> disatorous thought that the backtests are completely skipping, missing,
> not
> factoring in these huge repeated losses. This gives me more confidence
> that
> the bolltrader will in fact eventually work in the long run.
>
> Volume: the vol. filter is supposed protect us against massive
> news-like price runs....I haven't been able to run the bolltrader during
> this situation so there is no saying (unless you look at backtesting) if
> it
> will protect us yet. The vol. filter played no significant role yet....
>
> Is compounding dangerous with this EA? - I think you should turn
> compounding off until your account balance can tolerate the eventual run
> of
> bad trades. It will make the swings in your balance smaller...the good
> ones
> will be smaller too though. Then once you have enough balance to tolerate
> the swings turn compounding on. This is assuming the wins will way way
> out
> pace the losers in number over the long run. So if you consider big
> swings
> bad then yes the compounding is bad. If you have a larger balance and/or
> trading tiny amounts (compared to your balance) and you don't mind larger
> swings in balance I'd say compounding is a good thing. I just came to
> this
> conclusion.....thanks Derk for making me think about it.
>
> Note- I'm not pushing or slamming the bolltrader or any set of
> settings
> here....just sharing info. Also, it was probably irresponsible for me to
> post a 18% gain over night....thats just one night. And anyone knows any
> system that has big quick gains always has big quick losses.
>
> An idea someone may want to:
> If the ratio of open trades in one direction compared to the other
> direction exceeds X stop openning trades and place a breakout pending
> order
> anticipating price will go against all of open orders you have open at the
> time. Use good risk to reward ratio on this breakout with a tight stop
> and
> trade as many lots as you have going the other direction. Why? This will
> be insurance if it breaks out instead of retracing like we want. And
> because its a pending order it will only be triggered if things don't
> retrace and things breakout and now you might be in a good trend trade!
> : )
> In short if you have a ton of open trades in one direction it might be a
> signal that things are going to trend or at least breakout.... Of course
> this could bite you too....
>
> Derk - I'm down to half my original balance now! I don't think you
> want my Bolltrader! ha ha. Hoping it will come back though...like testing
> showed.
>
> ben
> mountainclimber
>
>
>
> ----- Original Message ----
> From: Ash Woods <ashwoods155@yahoo.com>
> To: MetaTrader_Experts_and_Indicators@yahoogroups.com
> Sent: Thursday, October 19, 2006 2:24:18 AM
> Subject: Re: [MT_E and I] HELP! bolltrade v3h2 with ben's rec. filters
> running?
>
>
>
> Ben:
>
> Not at all; I guess I was actually a little jealous; my account will
> only do .1 lots, not .01 :-)
>
> Maybe I should try running another version with lots set to .1 and
> compounding on.
>
> Mine has made over 10% in 3 days with it off, but wow! 18%
> overnight!??
> \
>
> Can you send me the version you are testing with your filters (or is
> it
> one of Ron's 'ofiicial' versions)?
>
> -Derk (with only one "e" ;-)
>
>
>
>
> ----- Original Message ----
> From: Ben Nachtrieb <mountainclimber11@ yahoo.com>
> To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
> Sent: Wednesday, October 18, 2006 1:46:45 PM
> Subject: Re: [MT_E and I] HELP! bolltrade v3h2 with ben's rec. filters
> running?
>
>
>
> Derek,
>
> I found the compounding was beneficial with the vol. filters I have in
> place. Yes, 0.01 lots...my thought was no need to come out of the gates
> hard with something that has backwards money management and with
> compounding
> on despite Ron's recommendation to do otherwise... ..call me conservative.
> :
> ) Is there some reason I should not use 0.01 lots? The lots reflect the
> balance I have in this particular account=very small. : ) To me this is a
> risky EA so I am acting accordingly.
>
> But something is amiss with the lots...when lots are 0.01 it trades
> .03
> lots and never increases or changes the lots. I have only been skimming
> through posts about dividing by 0....is this associated with this problem?
> I'd like to increase lots as balance increases.
>
> Despite having lots at 0.01 I have increase my balance by 18% trading
> just last night to present. : ) No losses yet and my internet was down
> for
> a few hours before and during CPI news this morning... I planned to demo
> only during CPI news to test the vol. filters but was foiled by the
> internet
> connection. So basically the volume filters are largely untested
> (forward)
> because I was out for news. Unless someone else was using them too? I
> think the next big news is on the 20th. I'll stop the live account during
> news, demo through news and see how my vol. filter preforms.... just to be
> on the safe side. Who knows...not much on the line though with the
> balance
> I am using and the lots at 0.01. : )
>
> regards
>
> ben
> mountainclimber
>
>
> ----- Original Message ----
> From: Ash Woods <ashwoods155@ yahoo.com>
> To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
> Sent: Wednesday, October 18, 2006 6:50:06 PM
> Subject: Re: [MT_E and I] HELP! bolltrade v3h2 with ben's rec. filters
> running?
>
>
>
> Ben:
>
> You still use compounding? I turned that off when Ron recommended
> it... seems a bit dangerous. But apparently you are also starting with
> .01
> lot size? I have that set to 1. But I have v3h running for 3 days and
> it's
> up over 10%, without compounding. ..
>
> -Derk
>
>
>
> ----- Original Message ----
> From: Ben Nachtrieb <mountainclimber11@ yahoo.com>
> To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
> Sent: Wednesday, October 18, 2006 8:29:03 AM
> Subject: Re: [MT_E and I] HELP! bolltrade v3h2 with ben's rec. filters
> running?
>
>
>
> Sure. I'm running these settings (I refer to these settings, minus my
> changes, as the "15 million settings" because thats what they backtested
> at
> per Ron) on a 4hr chart with Ron's bolltrade v3h2 with my 4 vol. filter
> modifications. You would have had to add VolumeMax1min and VolumeMax15min
> inputs....those are my input changes for my 4 vol. filters. (If you want
> the code for the 4 filters you can get it from my lasts 4 or 5 posts or
> wait
> for Ron to write it into the newest Bolltrade.)
>
> // user input
> extern double ProfitMade = 8; // how much money do you
> expect to make
> extern double LossLimit = 33; // how much loss can you take
> extern bool Compounding = true; // buy more as the distance
> outside the band increases
> extern double VolumeMax1min = 95; // limit trading is volume
> exceeds this maximum
> extern double VolumeMax15min = 95; // limit trading is volume
> exceeds this maximum
> extern double BDistance = 7; // plus how much
> extern int BPeriod = 1; &nb! sp; // Bollinger period
> extern int Deviation = 3; // Bollinger deviation
> extern double Lots = 0.01; // how many lots to trade at
> a time
> extern bool LotIncrease = true ; // grow lots based on balance
> = true
> extern bool logging = false ; // log data or not
> extern bool logerrs = false ; // log errors or not
> extern bool logtick = false ; // log tick data while orders
> open (or not)
>
> regards,
>
> ben
> mountainclimber
>
> ----- Original Message ----
> From: Berdj Ghazarian <berdj1@yahoo. com>
> To: MetaTrader_Experts_ and_Indicators@ yahoogroups. com
> Sent: Wednesday, October 18, 2006 2:41:08 PM
> Subject: Re: [MT_E and I] HELP! bolltrade v3h2 with ben's rec. filters
> running?
>
>
>
> Hi Ben
> Would you be so kind as to share your setttings.
> There are alot of variables.
> Am running test now but it has been 3 days and the tests are not
> finished.
>
> Tks
> Berdj
>
> Ben Nachtrieb <mountainclimber11@ yahoo.com> wrote:
> Due to a bad internet connection I was unable to run my EAs during
> CPI news at 1230gmt. This was going to be a good test of the vol. filters
> I
> have been talking about too!
>
> Anyway, did anyone have bolltrader v3h2 running on a 4 hr chart with
> Ron's 15 million settings and with my recommended 4 vol. filters (using
> one
> min and 15 min. vol. bars) by chance? Or maybe you just had 2 of the 4
> vol.
> filters going? Either way if you did I'd be really interested in how the
> filters performed during news. If you are able PLEASE post or send me
> your
> trades from say around 11gmt to 1330gmt so I can analyze them.....that
> would
> be great! If you could indicate what you had, VolumeMax or VolumeMax1min
> and VolumeMax15min set at, what broker you were using and what changes if
> any you made to the vol. filters and/or EA.
>
> My first trade was opened at 10/17 1906gmt and my last trade was
> opened at 10/18 904gmt....during that time I had about 24 positive trades
> (the last 4 trades were closed mannually by my broker once I figured out
> my
> connection was down)....This was a live/real money test. My plan was to
> turn off the live account during CPI news and turn on my demo account to
> see
> how the filters ran during news without risking $$. But I do suspect the
> EA, with the 4 vol. filters would have worked pretty good during the
> news....I would just like proof prior to running it live during news.....
>
> thanks for any help!
>
> ben
> mountainclimber
>
>
>
>
>
>
> ----------------------------------------------------------
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