Trading FRAMA Ribbon only
Based on the ideas from cfudge and the EA developed by JoeeF in cfudge's thread "Thanks Mladen & Mrtools (profitable system with 2 indicators)" this system uses only the FRAMA ribbon indicator(attached) to trade. Clean and simple.
It can be set to scalp in ranging conditions and set to ride longer time frames and trends.
A request for JoeeF to modify his EA to trade only FRAMA Ribbon.
Trade on the ribbon crossover signal.
User adjustable Lot Size, TL, SL, Trailing stop, Alerts.
Example of Frama H1 time frame on H1 chart.
Example of Frama H1 time frame on H4 chart.
frama ribbon 1.1 (arrows).ex4
I'll take a look at it as soon as I finish my daily routine.
frama ribbon 1.1.mq4 is attached.
I don't have the mq4 source file for the frama ribbon 1.1 (arrows).
It was modified by someone else to add the user option to change from dots to arrows.
Is it possible to include this change in your code?
All the best,
frama ribbon 1.1.mq4
You would like to trade all arrow? I wish you good luck...
Google search yields:
The FRAMA (Fractal Adaptive Moving Average) is an adaptive moving average that was developed by John Ehlers and attempts to follow significant price moves closely while remaining "flat" during consolidation and price ranges.
An advantage of the FRAMA is that it takes into account that markets are fractal and the FRAMA will dynamically adjust the lookback period based on this fractal geometry.
In short, it's a solid trend-trading indicator which helps analysts filter out consolidation periods and encourages traders to enter during trending markets.
FRAMA g Fractal Adaptive Moving Average.pdf
To filter the wrong buy signals in a sell movement, you guys can set an offset from both buy and sell signals. Thus, you might end up with at least 50% proper signals filtering and up to 90% totally wrong signals filtering.
I will give you an example. In a sell trend you get 11 sell and 10 buy signals. If you offset both with 30 pips. One cancels the other. Only the real sell ones will do trigger (not all 11 sells, maybe just 5-6 max out of 11) plus 1 or 2 of the fake buy ones (instead of 10 buys, in the example).
This will give you entirely different perspective in trading.
This is just a regular offset of a signal.
There is a far more advanced offset. I call it a smart offset. Once starting with the regular offset, I hope you can figure out the next step in the offset evolution. You just need to practice the standard offset first and maybe, at some point in time, you can see the smart one?
1) Put indicator (frama ribbon 1.1 (arrows).ex4) in indicators folder: \MQL4\Indicators
2) Put EA (JFFramaRibbon.ex4) in experts folder: \MQL4\Experts
3) Put XML config (JFFramaRibbon.xml) in common files folder: \MetaQuotes\Terminal\Common\Files (If someone isn't able to locate common files folder please look here.)
1) MT5 version isn't included. I haven't got MT5 version of the indicator.
2) In the next step I'll show how to use EA in strategy tester.
Please see the screenshot of the XML config file.
Is there someone planning for a mq5 version, please?
Trades are properly executed. And we can check them on the chart.
Missing MT5 indicator is a issue ...
Last post from me here.
Here is a visual example of what i mean.
Those signals in the red squares are being filtered and from a negative pips game on the first image, turns into a strategy with a positive pips game, thanks to the offset. Trading becomes quite different then...
There are various levels of filters. This is just level 1 - the basic level. I strongly recommend you to take this journey...
This is John's idea. I've created this EA for him. Maybe he will consider this ...
By the way the larger letters won't put more "power" to your posts ...
Woke up this morning and found a pleasant surprise.
Thank you for the fast implementation. Really impressive.
A few days ago I ran script ForceLoadHistoricalData.
I'm not an expert using Strategy tester.
So, trying to run in strategy tester for 2019 year to last Friday, 2019.01.02 to 2019.10.13.
EA seems to think it is 2019.05.31.
EA in Strategy tester only took trades in June, July and August.
Can anyone show where I went wrong in Strategy Tester?
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