Disliked@ northwind: Do you have any settings for the XAUUSD pair on M15, M30 or H1? Thank you very muchIgnored
You have the tools.
Perhaps you can do the XAUUSD testing and post your results for the group.
Perfidious Pips
2
- Joined Aug 2010 | Status: Member | 2,740 Posts
{quote} Hi xstock, You have the tools. Perhaps you can do the XAUUSD testing and post your results for the group.
Nostalgia for the future
- Joined Aug 2010 | Status: Member | 2,740 Posts
- Joined Aug 2010 | Status: Member | 2,740 Posts
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?
{quote} 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...
Buy stop or Sell stop pending order with appropriate offset will be placed. You can enter BuyOffsetPoints and SellOffsetPoints. When you leave CloseAtOppositeSignal at false (default value) position will be closed by the new opposite position. Otherwise by the new opposite signal.
A new Buy stop pending order will delete the last Sell stop pending order and vice versa.
Installation:
1) Put indicator (frama ribbon 1.1 (arrows).ex4) in indicators folder: \MQL4\Indicators
2) Put EA (JFFramaRibbonB.ex4) in experts folder: \MQL4\Experts
3) Put XML config (JFFramaRibbonB.xml) in common files folder: \MetaQuotes\Terminal\Common\Files (If someone isn't able to locate common files folder please look here.)
That's it.
Notes:
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.
Nostalgia for the future
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