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ICWR Strategy and AutoTrader

  • #121
  • Sep 22, 2017 6:53am Sep 22, 2017 6:53am
Quoting Eiseprod
Hi PipQueen, Nice work you have going in here. This strategy has generated some nice pips for me but upon testing and reading the manual, I realise that the EA does not follow the rules. From my understanding here are the rules: Conditions for a Trade Signal to be Generated 1) Fib ratios are drawn on the active wave 2) An active wave is the price swing closest to where price presently is 3) For an active wave to be valid: (i) It must have a length of 40 pips for intraday (e.g 5mins TF) or (ii) It must have a length of 150 pips for long term TF 4)...
hi eiseprod, if i am reading your post correctly, it sounds like you are wondering if my EA enters trades when price retraces to the 75% level. the answer is NO. i have programmed it to enter:

for standard BUY, 7 MA >14 MA, 14 MA > 49 MA, Stoch main line > Signal line and RSI > 50. The opposite is true for a standard SELL.

for Dare Me BUY, Stoch main line > Signal line and RSI > 50. no MA's involved.

if i read the pdf correctly, (and i admit i only read up to chapter 3) the regressing to the 75% line was to determine if you should stay in a trade or get out. i personally dont like giving up so many pips (regressing to the 75%) so i did not code in an exit. i think everybody can set their own according to how they like to trade. if the pair is really trending, the 25% button is pretty cool, but if it is not trending, chicagorob's way seemed to be working out pretty well for him in which he is setting SL's and TP's. i am leaning his direction since you can set a TP and increase your lot size to hit your daily number as you gain confidence with the (modified) strategy.
Mother of Pips
  • #122
  • Sep 22, 2017 11:22am Sep 22, 2017 11:22am
hey guys i have changed the time frame for the Standard and Dare Me buttons to be on the timeframe of your chart. i have not tried it out yet! i also added the pair name and the spread for the pair....color coded green or red depending on what your variable for Spread_Max is. i have it set for 3. so if the spread is >=3, the square will be red for warning. if less than 3, green for ok. just sort of a visual......
maybe when i get the autotrading going, i will incorporate that to be a factor in taking a trade or not.

let me know if there are any problems. again, this will use the same requirements, but ON THE TIME FRAME of your CHART!!

happy pips!
Attached File(s)
File Type: ex4 ICWR_EA_v3.1.ex4   68 KB | 439 downloads
Mother of Pips
  • #123
  • Edited 11:34pm Sep 28, 2017 10:38pm | Edited 11:34pm
hey guys, sorry this has taken me a couple of weeks, but i have not had much spare time. anyway....

i have updated my EA to work on the TF you are on, and not be hard coded to 1 hour as it was before.

also, i have integrated 2 AUTOTRADING buttons.....one for standard trades and one for the dare trades. so the individual STandard and Dare Me buttons work as before.....they are stand alone for taking a single trade.

the 2 AT buttons next to each one turns on AUTOMATIC TRADING for each type of trade. pressing the AT button will automatically turn on the corresponding button. to turn it off, press it again.

it is not fully tested. i will be leaving mine on over night on a few charts.

SORRY!!! if you downloaded this already, please download again. i had to fix something!!!!

happy pips!!
Attached File(s)
File Type: ex4 ICWR_EA_v3.5.ex4   74 KB | 465 downloads
Mother of Pips
  • #124
  • Sep 28, 2017 11:02pm Sep 28, 2017 11:02pm
i've got the EA running on 5 pairs with a SL of 20 and TP of 10. plus pips on 1 pair so far. i'll report how it goes overnight! it has opened 4 trades so far. i also have only turned on the DARE Me Autotrading button!

later!!
Attached Image (click to enlarge)
Click to Enlarge Name: 9-28.jpg Size: 211 KB
Mother of Pips
  • #125
  • Sep 29, 2017 4:45am Sep 29, 2017 4:45am
Hey there pipqueen,

As I understood you have inspired from ICWR strategy and created this system but I see no similarities between them apart from using fibo levels. The fibo is drawing the last wave, where as ICWR active wave definition is totaly different. I think if you can code your fibo as it is described in ICWR the results would be lot better. Further more you set fix SL and TP's on different pairs. The volitilty USDJPY is not the same as EURCAD so I guess that should be adjusted (from the above picture) pluse 2:1 RR is not quite a good money manageement I must say, may be that should be fixed too.

Okay too much criticism.

I am thinking of a way to optimise your idea and I hope I will come up with something more efficient but that may need to add or change indicators you are using.
  • #126
  • Edited 5:56am Sep 29, 2017 5:39am | Edited 5:56am
Quoting Kxeroo
Hey there pipqueen, As I understood you have inspired from ICWR strategy and created this system but I see no similarities between them apart from using fibo levels. The fibo is drawing the last wave, where as ICWR active wave definition is totaly different. I think if you can code your fibo as it is described in ICWR the results would be lot better. Further more you set fix SL and TP's on different pairs. The volitilty USDJPY is not the same as EURCAD so I guess that should be adjusted (from the above picture) pluse 2:1 RR is not quite a good money...
hi kxeroo, you are correct on many levels!

first, yes my RR ratio is whack! my results overnight proved that! my trades hit 3 TP, and lost most of it on the one SL that got hit! i guess it was late when i set that up last night!

2. i did not make the indie, only the EA and the indie does not work exactly like i would like it. i am going to try to modify that today...IF I CAN!! i am thinking about creating the MAIN fib, but when retracement starts, create 2 secondary fib for the retracement and NOT get rid of the 1st fib until the price knocks out the first fib. again, i'm planning on trying it. i;m not sure i am that good at figuring it out!!

3. yes, i am not following the strategy totally. just trying to figure out how to make $$. any help would be appreciated!!!! i am open to suggestions!!

4. i'm hoping others will have better success and share with us!
Mother of Pips
  • #127
  • Edited 7:49am Sep 29, 2017 5:43am | Edited 7:49am
so overnite, i hit 3 TP's
hit 1 SL
did not set up 1 pair correctly with TP and SL
still waiting for my Standard trade to kick in. should be soon

and now waiting to see if EA works correctly by entering second trade after TP/SL getting hit!

6:54 am.....
looks like the ea is working ok. it just got me into EURCAD with trade #2. cool!!

7:30 AM........ok this just totally bogged down my system when we got those price fluctuations a minute ago! so i need to refine my EA. sorry guys!!!! so if you put it on too many charts....be careful! again....sorry!!
Mother of Pips
  • #128
  • Sep 29, 2017 11:09am Sep 29, 2017 11:09am
I currently have the EA on H4. I noticed several closed trades on just one bar. Is this the EA closing and opening trades in succession? No problem with resources here - task manager is showing only 2% CPU usage on a standard i5 4590 machine, with 8GB ram.
  • #129
  • Sep 29, 2017 11:16am Sep 29, 2017 11:16am
Quoting ChicagoRob
I currently have the EA on H4. I noticed several closed trades on just one bar. Is this the EA closing and opening trades in succession? No problem with resources here - task manager is showing only 2% CPU usage on a standard i5 4590 machine, with 8GB ram.
i have not programmed anything to close a trade. a trade should only close with a SL or TP set by user. but IF you have one of the SL buttons set, that might be doing it if the level is hit. i noticed that the SL button stays "engaged" after a trade is closed. so you have to make sure it is OFF if you dont want it on. i had trades close unexpectedly cuz it was still "ON".

about your cpu usage....great news. must be my piece of crap system! lol!

i hope you post how your trades are doing/have done!!
Mother of Pips
  • #130
  • Sep 29, 2017 12:10pm Sep 29, 2017 12:10pm
Quoting pipqueen18
{quote} i have not programmed anything to close a trade. a trade should only close with a SL or TP set by user. but IF you have one of the SL buttons set, that might be doing it if the level is hit. i noticed that the SL button stays "engaged" after a trade is closed. so you have to make sure it is OFF if you dont want it on. i had trades close unexpectedly cuz it was still "ON". about your cpu usage....great news. must be my piece of crap system! lol! i hope you post how your trades are doing/have done!!
I just checked the trade history and found that TP was hit several times on one bar - must have been news that caused the big move.
  • #131
  • Oct 2, 2017 3:07am Oct 2, 2017 3:07am
hey guys,

i hope everybody had a nice weekend......

i had somebody send me a link to this fibonnaci indicator and it is pretty cool!! the pic attached has ALL the options turned on!!! you have total control over which fib type you like to use. check it out!!!! i am going to try to bring in this data into my ea, if i can.
Attached Image (click to enlarge)
Click to Enlarge Name: new_fib_template.jpg Size: 148 KB
Attached File(s)
File Type: ex4 ifibonacci.ex4   64 KB | 472 downloads
File Type: mq4 ifibonacci.mq4   62 KB | 536 downloads
Mother of Pips
  • #132
  • Edited 3:34am Oct 2, 2017 3:16am | Edited 3:34am
over the weekend, i changed the Autotrading requirements on this dash i had been using a few months ago. the requirements now match the auto trading buttons i had on my original EA. you will notice 2 columns of AutoTrade buttons.....Dare and Stand(ard). they work the same as my ea, except you can see all the pairs now. you will also notice the Yellow squares below.....Dare Me trades and Standard trades. use these boxes to set your lots, TP and SL's for the corresponding autotrade you want to turn on. clicking the AT button for the pair and type of autotrading you want to do will turn the AT button marroon. this means it is on. click it again (white color) and the Autotrading feature is OFF!!

i turned it on last night using the Standard button on AUDUSD with a SL of 10 and TP of 20. my TP target was hit and it automatically put me in a 2nd trade which is currently up 6 pips.

i will post more about the dash later, if anybody is interested.

IF YOU LOAD THIS for the first time.....it will probably take about 10 minutes the first time. so put it on a black background and go get a cup of coffee!!

btw, if you are expecting a autotrade to take place and it is not happening, check your Journal tab. it will tell you if trades are trying to be made and what is probably wrong is that your SL or TP are too small for that pair.....like any jpy pairs.
i might have a small glitch with the jpy pairs so dont set a SL and Tp for now. i dont have time to fix it right now!! sorry!!!!!!



happy pips to all this week!!
Attached Image (click to enlarge)
Click to Enlarge Name: dash_pic.jpg Size: 248 KB
Attached File(s)
File Type: ex4 RSI_STO_DASH_ICWR_1H.ex4   626 KB | 656 downloads
Mother of Pips
  • #133
  • Edited 9:49pm Oct 3, 2017 9:36pm | Edited 9:49pm
i ran across an old thread about fibonnaci's from 2007! very old. i downloaded the template and added the daily, intermediate and swing fibs as described in the thread and pdf you can download also. the intraday fib is automatic if you put his indie on...also in the thread. this is what my chart looks like...... in case anybody is interested..... there are also a few videos. i saw a couple of them.

the indie he provides automatically puts in 2 high targets and 2 low targets....pretty cool

i also did not know that you can edit the fib you put on your chart! you can add new levels, name them, add the price and of course change the colors and thickness of lines.

i added the pink horiz lines representing the zone of Intraday Long and Intraday Short levels

https://www.forexfactory.com/printth...?t=50767&pp=40
Attached Image (click to enlarge)
Click to Enlarge Name: new_fib_pic.jpg Size: 131 KB
Mother of Pips
  • #134
  • Oct 6, 2017 1:23pm Oct 6, 2017 1:23pm
Test Results:

Tested the Dashboard yestersay. At about 20.45pm (UK Time, that is GMT+1), I turned on Auto Trading for all the pairs in the Dashboard, using the "Standard" option and left it overnight. Today, Friday the 6th of October, which happens to be a non farm payroll day, I turned off all the pairs at about 19.00, the attached screenshots are my results. £33 profit. Traded 0.01 lots. The ICWR from research happens to work for trending day but will blow your account in a choppy market.

I intend to continue running this test till the end of October to see what results we get.
Attached Image (click to enlarge)
Click to Enlarge Name: XIMA-ICWR Dashboards Day1.PNG Size: 67 KB
  • #135
  • Oct 6, 2017 1:53pm Oct 6, 2017 1:53pm
Looks good, really ! It's one day of testing only ! Take into account: nowadays we have good strong trends - that's perhaps in your favour. So let it run further not changing anything and we will see the/your results in a couple of weeks.
  • #136
  • Oct 6, 2017 2:24pm Oct 6, 2017 2:24pm
Quoting Eiseprod
Test Results: Tested the Dashboard yestersay. At about 20.45pm (UK Time, that is GMT+1), I turned on Auto Trading for all the pairs in the Dashboard, using the "Standard" option and left it overnight. Today, Friday the 6th of October, which happens to be a non farm payroll day, I turned off all the pairs at about 19.00, the attached screenshots are my results. £33 profit. Traded 0.01 lots. The ICWR from research happens to work for trending day but will blow your account in a choppy market. I intend to continue running this test till the end of...
those are not bad results eiseprod!! i agree this probably will not work well in a choppy market. i think setting SL and TP would be a good idea just in case.

i also think i will do a 4H version too (to help with any chop maybe?) i think it would probably bring better results maybe? also thinking of setting the RSI for 14 day and using an average of the Stoch for 1H, 4H and 1Day, instead of just using 1 day setting. a buddy is doing some testing and has found these settings to be advantageous! (maybe he will chime in?)

i hope others might post their results too!!
Mother of Pips
  • #137
  • Oct 7, 2017 4:44am Oct 7, 2017 4:44am
Hello PipQueen,

I know you are busy to found this ICWR based EA Whic follows the rules of the manual strictly. But the EA has some compilation errors. I do n ot know how to code but I was just wondering if you could look into the source code and correct the errors so that it compiles. Let me know if it something that you can do.

Thank you.
Attached File(s)
File Type: mq4 icwr_ea.mq4   6 KB | 306 downloads
  • #138
  • Oct 7, 2017 4:50am Oct 7, 2017 4:50am
Got the ea from this link:
https://www.mql5.com/en/forum/173452
  • #139
  • Oct 7, 2017 5:10pm Oct 7, 2017 5:10pm
hi Eiseprod, i have "sort of" fixed this ea. i have gotten rid of all the errors, but there are still 7 warnings in it. so i'm not sure it will work for you but it should load. again not sure since the market is closed.
Attached File(s)
File Type: ex4 icwr_ea.ex4   18 KB | 392 downloads
Mother of Pips
  • #140
  • Oct 7, 2017 5:15pm Oct 7, 2017 5:15pm
here is an indie i found some of you might like. it like it since it automatically draws Intraday levels based on the previous day's hi and low's. this picture shows it. ( it is all the "blue" levels. ) the red and yellow levels were manually drawn by me on the day TF.
Attached Image (click to enlarge)
Click to Enlarge Name: intraday_pic.jpg Size: 65 KB
Attached File(s)
File Type: mq4 BobokusFibo.mq4   5 KB | 499 downloads
Mother of Pips
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