EA based on Levels seen by MarketProfile and Volume | Page 10 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Question: What is the difference between Tick Volume and (true) Volume? 8 replies

MarketProfile/Volume Profile/Auction Market Theory indi? 17 replies

Volume for indices, tick and the exchange derived volume 4 replies

Help with % increase in Up volume and Down Volume 2 replies

MarketProfile and momentum 40 replies

Attachments: EA based on Levels seen by MarketProfile and Volume
Exit Attachments

EA based on Levels seen by MarketProfile and Volume

  • #181
  • Sep 27, 2017 2:29pm Sep 27, 2017 2:29pm
May be you can consider that you have the turning point once you have a new higher low in a long trade or a new lower high in a short trade
Attached Image (click to enlarge)
Click to Enlarge Name: Note sans titre - 27 sept. 2017 21.28.jpg Size: 164 KB
  • #182
  • Sep 27, 2017 4:06pm Sep 27, 2017 4:06pm
Quoting Bestof27
May be you can consider that you have the turning point once you have a new higher low in a long trade or a new lower high in a short trade {image}
I take it in consideration... but you must look here to the ClosePrice of the candle! Not the High or Low of the tail. The SL must then placed above or below the High or Low of the tail.
You can manage risk, but you can't manage the return
  • #183
  • Sep 27, 2017 11:49pm Sep 27, 2017 11:49pm
Quoting HappyMe
{quote} I take it in consideration... but you must look here to the ClosePrice of the candle! Not the High or Low of the tail. The SL must then placed above or below the High or Low of the tail.
Hi

You should have seen ... imagined ... in my drawing candlesticks (I m lazy !).
Of course, you should consider the tails and place the SL above or below .
  • #184
  • Sep 28, 2017 2:36pm Sep 28, 2017 2:36pm
Moving average, once broken could be a place to move SL
  • #185
  • Sep 28, 2017 4:43pm Sep 28, 2017 4:43pm
Ok..here my 2 cents...

If I have learned anything is that starting with moving average and indicators is useless...usually I want to run away as far and quickly as possible for entries and trade management purposes.

In regards to the reaction point. I agree that candle stick patterns are usually unreliable, however as the levels we are trading are very accurate and not blindly somewhere because of a stupid indicator signal the candle stick should hold otherwise something is wrong. Best example my AUDUSD trade. I had the candle yet price rotated up again and stopped me out now it seems like price is holding up there. Also there is a reason why Ziggy started with his dynamic stop. He is far more statistics driven than we are and so I trust him his system being the best of both worlds...so why change a winning story? We should also not forget that there is no holy grail. Sometimes one wins, sometimes one loses - thats the name of the game.

I would propose, Ziggys dynamic stop followed by BE at X pips so first behind reaction point and later on to BE once say 7 pips are reached
I think it is the best of both worlds. As I said...there is no holy grail.
  • #186
  • Sep 29, 2017 5:16am Sep 29, 2017 5:16am
Good morning Happy

how are you mate? Quick questions for you. Where are you located? Do you trade during Asia or do you have the EA doing it for you? Also wanted to ask you when your EA is avalable for GBP accounts?

Speak later in the TD forum

Cheers

Jester
  • #187
  • Sep 29, 2017 11:36am Sep 29, 2017 11:36am
In the EA properties check " Allow DLL import"
Attached Image (click to enlarge)
Click to Enlarge Name: Capture du 2017-09-29 18-34-33.png Size: 7 KB
  • #188
  • Sep 29, 2017 11:41am Sep 29, 2017 11:41am
Quoting Bestof27
In the EA properties check " Allow DLL import" {image}
For testing,

1) do i need to load the EA into the chart? i.e, if I am testing EURUSD and need to load the EA into the EURUSD chart.
2) For the Long, Short, RedNews txt - can it have all the pairs info or must it be only specific to the currency pair that we are testing?
  • #189
  • Edited 12:45pm Sep 29, 2017 12:32pm | Edited 12:45pm
Quoting Jester_73
Good morning Happy how are you mate? Quick questions for you. Where are you located? Do you trade during Asia or do you have the EA doing it for you? Also wanted to ask you when your EA is avalable for GBP accounts? Speak later in the TD forum Cheers Jester
Good evening ,

-I'm living in the Netherlands.
-Actually my EA is trading all the time. But in the day-time I have look at it. If I do not trust a level anymore I remove it.
-I'm working at the moment on several changes:
Below the current list for the next version:

Solved issues:

  1. MaxSpread is now also mentioned

Changes:

  1. Implementation of MonsterMove
  2. Implementation of RiskMethode: Fixed Lot per trade (% risk of account balance is still
  3. Supporting AccountBalance in: EUR, USD, GBP, AUD and CAD.
  4. The Tester can only run on every account balance with Fixed Lot method or on only EUR with the riskmethode: "% of account balance"
  5. During EA initialization EA-version is now displayed on chart


This weekend I have little time...maybe next week or weekend I hope! But please don't "shoot" me if I can't manage it

You can manage risk, but you can't manage the return
  • #190
  • Sep 29, 2017 12:40pm Sep 29, 2017 12:40pm
Quoting otiose
{quote} For testing, 1) do i need to load the EA into the chart? i.e, if I am testing EURUSD and need to load the EA into the EURUSD chart. 2) For the Long, Short, RedNews txt - can it have all the pairs info or must it be only specific to the currency pair that we are testing?
-just open the MT4 tester
-select the correct EA
-select the correct currency and settings you want
-select also the Pair you want to test
-it can have all the pair info in the tx-files. No problem at all!
-Read the manual there you can read where to put the txt-files for testing

Only the tester can only test the pair you choose. Maybe you see errors in the logging from other pairs. You can ignore them all, they are there because the tester cannot read the other bar-info then the pair you choose. The tester can only check one pair at a time (that is just a habit of the MT4 tester)

ps: please read also the manual I wrote. Some of your questions where already answered there.

Good luck,
HappyMe
You can manage risk, but you can't manage the return
  • #191
  • Sep 29, 2017 8:12pm Sep 29, 2017 8:12pm
No sure what I am doing wrong in the tester... grrrr

Steps: I open MT4. Do not login in to ensure that data is not override by broker since I am using Tickstory for tick data. And then I run the EA.

2017.09.29 21:09:55.562 AUDUSD,M30: 1142823 tick events (12288 bars, 21825712 bar states) processed in 0:01:57.032 (total time 0:02:59.324)
2017.09.29 21:09:55.562 2017.04.28 20:59:49 TradeMan_HappyMy AUDUSD,M30: 2017.04.28 20:59:49: OnDeinit reason code = 0
2017.09.29 21:09:51.249 2017.04.28 00:00:00 TradeMan_HappyMy AUDUSD,M30: Alert: There are to much RedNews items given for one of the Instruments
2017.09.29 21:09:44.724 2017.04.27 00:00:00 TradeMan_HappyMy AUDUSD,M30: Alert: There are to much RedNews items given for one of the Instruments
2017.09.29 21:09:10.241 2017.04.19 00:00:00 TradeMan_HappyMy AUDUSD,M30: Alert: There are to much RedNews items given for one of the Instruments
2017.09.29 21:08:54.085 2017.04.14 00:00:00 TradeMan_HappyMy AUDUSD,M30: Alert: There are to much RedNews items given for one of the Instruments
2017.09.29 21:08:45.967 2017.04.13 00:00:00 TradeMan_HappyMy AUDUSD,M30: Alert: There are to much RedNews items given for one of the Instruments
2017.09.29 21:08:21.195 2017.04.07 00:00:00 TradeMan_HappyMy AUDUSD,M30: Alert: There are to much RedNews items given for USDCAD (>10)
2017.09.29 21:08:14.913 2017.04.06 00:00:00 TradeMan_HappyMy AUDUSD,M30: Alert: There are to much RedNews items given for one of the Instruments
2017.09.29 21:08:08.134 2017.04.05 00:00:00 TradeMan_HappyMy AUDUSD,M30: Alert: There are to much RedNews items given for one of the Instruments
2017.09.29 21:08:01.246 2017.04.04 00:00:00 TradeMan_HappyMy AUDUSD,M30: Alert: There are to much RedNews items given for AUDUSD (>10)
2017.09.29 21:07:58.538 2017.04.04 00:00:00 TradeMan_HappyMy inputs: Risk=2; TakeProfit=100; StopLoss=120; MaxSpread=25; Slippage=5; MagicNumber=123456; MaxTrades=5; PushDistance=50; RedNewsFilter=1; MinBefore=30; MinAfter=30; TestLevel=30; InvalidateLevel=80; BElevel=10; ValueRule1=5; ValueRule2=0; ValueRule3=0; UpdateToBE=80; Debugging=1; EURUSDTest=0; EURCADTest=0; EURJPYTest=0; USDCADTest=1.25; USDJPYTest=112.46;
2017.09.29 21:06:56.274 TestGenerator: symbol AUDUSD period 30 model 0 from 2016.09.29 to 2017.09.21
2017.09.29 21:06:56.253 TestGenerator: file "F:\Program Files (x86)\TM Backtest Only\tester\history\AUDUSD30_0.fxt" is read-only
  • #192
  • Sep 30, 2017 8:31am Sep 30, 2017 8:31am
Quoting otiose
No sure what I am doing wrong in the tester... grrrr Steps: I open MT4. Do not login in to ensure that data is not override by broker since I am using Tickstory for tick data. And then I run the EA. 2017.09.29 21:09:55.562 AUDUSD,M30: 1142823 tick events (12288 bars, 21825712 bar states) processed in 0:01:57.032 (total time 0:02:59.324) 2017.09.29 21:09:55.562 2017.04.28 20:59:49 TradeMan_HappyMy AUDUSD,M30: 2017.04.28 20:59:49: OnDeinit reason code = 0 2017.09.29 21:09:51.249 2017.04.28 00:00:00 Trad.......
There is something wrong with your RedNews.txt file.... as the logging said....

Alert: There are to much RedNews items given for one of the Instruments
Alert: There are to much RedNews items given for USDCAD (>10)
Alert: There are to much RedNews items given for AUDUSD (>10)

Maximum RedNews events per Pair per day is 10!

Send me the RedNews.txt file I will look to it....
You can manage risk, but you can't manage the return
  • #193
  • Oct 1, 2017 5:20am Oct 1, 2017 5:20am
Quoting HappyMe
{quote} There is something wrong with your RedNews.txt file.... as the logging said.... Alert: There are to much RedNews items given for one of the Instruments Alert: There are to much RedNews items given for USDCAD (>10) Alert: There are to much RedNews items given for AUDUSD (>10) Maximum RedNews events per Pair per day is 10! Send me the RedNews.txt file I will look to it....
1. For the Rednews Error - Solved. The error disappeared after I removed RedNews that predates the testing period.
Q2. TradeMan_HappyMy USDCAD,M30: unknown symbol name USDJPY for OrderSend function
Q3. TradeMan_HappyMy USDCAD,M30: OrderSend error 4106
Q4. TradeMan_HappyMy USDCAD,M30: Alert: OrderClose failed with error requote
Q5. TradeMan_HappyMy USDCAD,M30: Alert: OrderSend failed with error no error

Anyone has any ideas what the message Q2-Q5 is about?
  • #194
  • Oct 1, 2017 3:42pm Oct 1, 2017 3:42pm
Quoting otiose
{quote} 1. For the Rednews Error - Solved. The error disappeared after I removed RedNews that predates the testing period.
The error was there because you had more the 10 events per day per pair as I explained.
Good you could solve it!

Quoting otiose
{quote}Q2. TradeMan_HappyMy USDCAD,M30: unknown symbol name USDJPY for OrderSend functioQ3. TradeMan_HappyMy USDCAD,M30: OrderSend error 4106 Q4. TradeMan_HappyMy USDCAD,M30: Alert: OrderClose failed with error requote Q5. TradeMan_HappyMy USDCAD,M30: Alert: OrderSend failed with error no error Anyone has any ideas what the message Q2-Q5 is about?
Please look at my answer in post 190:
"The tester can only test the pair you choose. Maybe you see errors in the logging from other pairs. You can ignore them all, they are there because the tester cannot read the other bar-info then the pair you choose. The tester can only check one pair at a time (that is just a habit of the MT4 tester)"
You can manage risk, but you can't manage the return
  • #195
  • Oct 3, 2017 8:00am Oct 3, 2017 8:00am
Hi Guys,

Firstly, thanks HappyMe for the EA and the opportunity and Ziggy for the inspiration for backtesting.

There are a few reasons why I am using this method of backtesting instead of Ziggy Spreadsheet
- I want to use this EA to trade
- more accurate backtest (tick data, variable spread, commission)
- ease of changing the variable (risk per trade, breakpoint setting, discard setting and etc...)
- Ziggy discard level if i am not mistaken is discretionary and not hard rule like 3/8 in the EA (since I plan on using EA i need testing to reflect the same)

Backtest Enviroment: MT4 tester + Tick Data + Variable Spread + Commission (Tick Data Suite) + QuantAnalyzer

Currently I have the RedNews, Long and Short for 4.4.2017 to about 29.9.2017.
(I.e., the latest levels from member area. the rest i have to further mine from FF.)
** Files as attached. Time is for GMT+2 US DST timezone which most brokers are using **
** Make sure testing Tick data is on the same timezone if not result will not be not reliable **

So far I have tested for the basic setting:-
10k deposit
1% risk
12/10 (Standard as per Dale)
8BE+1 (kinda standard setting for BE type)
3/8 discard level (standard as per Dale)
30m before after news no trade (kinda standard setting)
no trade from 23:00 to 01:00 (forex rollver, so no trade for me) ** this is currently set via the long short txt timing **
close trades 5m before Rednews (kinda standard setting)

Current result: mainly losses.
Not sure I am doing something wrong. But looking at the recent trades of the backtest against the live demo trades I took, the trades timing and entry matches so i dont think the backtest is wrong. From the result it seems that we cant just trade using the base EA rules.

If you guys figure out anything let me know
Attached File(s)
File Type: txt Long.txt   36 KB | 228 downloads
File Type: txt RedNews.txt   7 KB | 245 downloads
File Type: txt Short.txt   38 KB | 212 downloads
File Type: pdf AUDUSD (12.10) (3.8) (8BE1) (VSpread) (1%) (10k) (M1) (GMT+2 US DS) (17.4.4 - 17.09.29) MT4.pdf   106 KB | 307 downloads
File Type: pdf EURUSD (12.10) (3.8) (8BE1) (VSpread) (1%) (10k) (M1) (GMT+2 US DS) (17.4.4 - 17.09.29) MT4.pdf   109 KB | 297 downloads
File Type: pdf USDCAD (12.10) (3.8) (8BE1) (VSpread) (1%) (10k) (M1) (GMT+2 US DS) (17.4.4 - 17.09.29) MT4.pdf   105 KB | 308 downloads
File Type: pdf USDJPY (12.10) (3.8) (8BE1) (VSpread) (1%) (10k) (M1) (GMT+2 US DS) (17.4.4 - 17.09.29) MT4.pdf   112 KB | 302 downloads
  • #196
  • Oct 3, 2017 8:28am Oct 3, 2017 8:28am
Quoting otiose
Hi Guys, Firstly, thanks HappyMe for the EA and the opportunity and Ziggy for the inspiration for backtesting. There are a few reasons why I am using this method of backtesting instead of Ziggy Spreadsheet - I want to use this EA to trade - more accurate backtest (tick data, variable spread, commission) - ease of changing the variable (risk per trade, breakpoint setting, discard setting and etc...) - Ziggy discard level if i am not mistaken is discretionary and not hard rule like 3/8 in the EA (since I plan on using EA i need testing to reflect...
I only can say...... and This is exactly one of the reasons why I build this thing!!! Good job Otiose!!

I had a very quick look at it and actually your long and short.txt looks good! I guess you take them from the site...!?
Where did you get the RedNews items from. This is slightly different from mine. I'm getting my rednews data from investing.com. But actually that can't be a different in final profit or not...

There is one thing we did not consider. That is: "sometimes a level comes to 5 pips it bumps and we all say...wait a minute it's tested, removed the level from our EA. Nobody is trading it but those trades are still in the test now I guess! That could be a game changer I think.... But for the rest..... no comment I believe....somebody else?!
You can manage risk, but you can't manage the return
  • #197
  • Oct 3, 2017 8:36am Oct 3, 2017 8:36am
Quoting HappyMe
{quote} I only can say...... and This is exactly one of the reasons why I build this thing!!! Good job Otiose!! I had a very quick look at it and actually your long and short.txt looks good! I guess you take them from the site...!? Where did you get the RedNews items from. This is slightly different from mine. I'm getting my rednews data from investing.com. But actually that can't be a different in final profit or not... There is one thing we did not consider. That is: "sometimes a level comes to 5 pips it bumps and...
Long Short from the member daily area. Now I am compiling the rest from FF. Ziggy was saying that the predate April 17 trades is mainly for EU US session - so that what I will be doing.

RedNew is from ForexFactory.

Ya, in terms of discard level. Using the base 3/8 setting which is also Dale standard rule as per his website.
  • #198
  • Oct 3, 2017 11:48am Oct 3, 2017 11:48am
Quoting otiose
{quote} Long Short from the member daily area. Now I am compiling the rest from FF. Ziggy was saying that the predate April 17 trades is mainly for EU US session - so that what I will be doing. RedNew is from ForexFactory. Ya, in terms of discard level. Using the base 3/8 setting which is also Dale standard rule as per his website.
Hi, i thing that do you have bad data...you have LONG EURUSD;2017.10.02 01:00:00;2017.10.02 15:00:00;1.1753 but 1.1753 is for short position near local POC. I am right?
  • #199
  • Oct 3, 2017 5:39pm Oct 3, 2017 5:39pm
Quoting Michele86
{quote} Hi, i thing that do you have bad data...you have LONG EURUSD;2017.10.02 01:00:00;2017.10.02 15:00:00;1.1753 but 1.1753 is for short position near local POC. I am right?
Nope. that long is right level.
  • #200
  • Oct 5, 2017 11:00am Oct 5, 2017 11:00am
HappyMe,

2017.10.05 11:54:16.268 2017.04.26 00:00:00 TradeMan_HappyMy EURUSD,M1: Alert: There are to much RedNews items given for one of the Instruments

Still getting these RedNews error. Not sure whether does it impact anything in regards to backtest. Not sure what is causing it.
I even narrow down to txt file just for a particular pair.

i.e., the txt files attached is only for EURUSD. But it still get the RedNews error. The RedNews data does not have more than 10 per day for sure.

Any ideas?
Attached File(s)
File Type: txt Long.txt   11 KB | 212 downloads
File Type: txt RedNews.txt   4 KB | 205 downloads
File Type: txt Short.txt   8 KB | 189 downloads
0 traders viewing now