Looking for an EA to test my theory - TBA ForexScotty's EA | Forex Factory

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Attachments: Looking for an EA to test my theory - TBA ForexScotty's EA
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Looking for an EA to test my theory - TBA ForexScotty's EA

  • #1
  • First Post: Edited May 12, 2018 5:35pm Mar 10, 2018 3:48pm | Edited May 12, 2018 5:35pm
Greetings all!

I am developing a new strategy and could use some help from a coder that I can work with. If there is a cost involved in future development, I am open to negotiations. But since this is only a theory at this point, I am hopeful someone can throw some code down to see if this is viable and we can move forward with collaboration.

At this stage, the EA is to only open orders under the conditions outlined below. I have others EA's that will manage and close the trade once opened and will incorporate their logic into this new EA if testing goes well.

Variables:

Lotsize: default .01
Stoploss: default 20 pips

When loaded on a chart, it will wait until next candle open. If there is no open order on given chart, it will check for the following condition at the open of every new candle.

At the opening of NEW candle it will check for 3 conditions.

Condition 1
CCI (above 100 for long or or below -100 for short)
Attached Image



Condition 2
Previous Heiken Ashi Candle condition (long or short)
Attached Image


Condition 3
Current Awesome Oscillator condition at candle open (long or short). For this EA, AO long and short conditions are simply the candle color. In this example below, any white line would be LONG and any red would be SHORT.
Attached Image


If these 3 conditions match LONG, LONG, LONG, a single LONG order will be placed at market with lot size and stop loss as shown in variables.

If these 3 conditions match SHORT, SHORT, SHORT, a single SHORT order will be placed at market with lot size and stop loss as shown in variables.

If any of the 3 conditions do not match at candle open, then no order will be placed and EA will wait for next candle open for next check of conditions.

Once an order is opened, it will not open new orders on chart until current order is closed. Then it will start looking for the condition again at next candle open.

Thoughts? If you want to have a conversation, a REAL conversation? A Project Management conversation? I can be reached via SKYPE. Just let me know and we'll setup a time.

FS

EDIT 3/17/2018 - Arby1108 has been kind enough to create an EA to further the discussion. Please note that v1.3 is not the final version. But posted for people to view back test results of the correlation of the 3 indicators.

EDIT 5/12/2018
I want to thank everyone for their input and participation. The purpose of this thread was to test a theory and for the purposes of trade entry, I believe we did well.

Trade the 4H chart on pairs that have a daily range of 100 pips or more.
When CCI, AO, and HA agree, place order in that direction
Close order when CCI reverses back to mid range from entry territory.
Attached File(s)
File Type: ex4 ScottyEA FX v1.3.ex4   26 KB | 537 downloads | Uploaded Mar 17, 2018 7:29pm
File Type: ex4 HPT - Heiken Ashi Smoothed2.ex4   11 KB | 532 downloads | Uploaded Mar 17, 2018 7:29pm
  • #2
  • Edited 9:10pm Mar 10, 2018 4:11pm | Edited 9:10pm
A couple forum conditions:

1. If a trader/coder wants to join me on this under contractual conditions, we will share the development under NDA. Please PM me.
2. Under item 1, If I will be the one paying for the programmers time and effort, it will be under NDA conditions and it will not be shared. The programmer and I will use it and may offer for sale. Not my first choice of actions for those who know me. But if it is my money, it should be my benefit. And those who helped along the way.

My preference
3. If this is to be a forum collaboration, we can all work on it together and all benefit with effort being the only cost. The EA will be posted on the first thread if it turns out to be profitable or not for future development by the thread.

As this is only stage 1 of development, it will be my choice if it continues under one of the conditions above. If I choose to drop the concept, then others may be welcome to continue.

This may seem harsh, but I have had my ideas copied and sold under other names. It will most likely happen here too. But that is the risk of being part of a forum.I would rather be open and straight forward as this is a project from the start.
  • #3
  • Mar 10, 2018 4:26pm Mar 10, 2018 4:26pm
One option for these conditions would be post only ex4 files.

If we decide to make it available for everyone, that is all that is needed anyway.
  • #4
  • Edited 6:21pm Mar 10, 2018 4:40pm | Edited 6:21pm
If someone creates the EA, I will load on an account and start a trade explorer to add to this thread so we can begin.
  • #5
  • Mar 10, 2018 7:19pm Mar 10, 2018 7:19pm
Quoting ForexScotty
Greetings all! I am developing a new strategy and could use some help from a coder that I can work with. If there is a cost involved in future development, I am open to negotiations. But since this is only a theory at this point, I am hopeful someone can throw some code down to see if this is viable and we can move forward with collaboration. At this stage, the EA is to only open orders under the conditions outlined below. I have others EA's that will manage and close the trade once opened and will incorporate their logic into this new EA if testing...
Hi, you need to do a "Manual" backtest and show proof of profitability if you want to attract a coder to help you with this. I would start with a search to see if anyone has already coded something very similar like here: https://www.forexfactory.com/showthread.php?t=12798 and it shows the sort of backtest statistics you should make to prove your strategy is "legit" and not like 1000's of other ones that are not profitable in the long run. Apologies for the harshness, finding a strategy is only the beginning, you must work hard then to prove it in a way others can understand if you want then to invest the time into it.
Best Regards,
Tzamo
"Work hard, put in the effort, and follow your dreams..." -Me
  • #6
  • Edited 7:55pm Mar 10, 2018 7:26pm | Edited 7:55pm
Quoting tzamo
{quote} Hi, you need to do a "Manual" backtest and show proof of profitability if you want to attract a coder to help you with this. I would start with a search to see if anyone has already coded something very similar like here: https://www.forexfactory.com/showthread.php?t=12798 and it shows the sort of backtest statistics you should make to prove your strategy is "legit" and not like 1000's of other ones that are not profitable in the long run. Apologies for the harshness, finding a strategy is only the beginning, you must work hard...
I am doing the manual live testing now. And as one of my conditions was offering to "negotiate" PAY a coder for their time to assist me.

This forum is phase 1 to acquire a coder or make it a forum collaboration and see where it goes. I ask for nothing for free and I offer nothing for free unless the path goes that way. What I am offering is a design and look for collaboration. Or, I will do it myself and the only risk and/or gain is my own.
  • #7
  • Mar 10, 2018 7:33pm Mar 10, 2018 7:33pm
Just for further clarification. I am not a programmer. Every time I have had an idea that has grown beyond what I could find on the forums, I have hired a programmer to put my ideas in motion. This time, I am starting early in the process and make it public to see where it goes.
  • #8
  • Mar 10, 2018 7:44pm Mar 10, 2018 7:44pm
I am asking for one of two things.

A programmer that I can pay a price for services to be rendered. The best price wins and I and the programmer will be the sole inheritor of those gains.

Or

A collaboration using the FF forum format that I will offer my design and FF members will offer their input and guidance and coding skills and the end result will be posted on this thread for all to share at no charge or fee to anyone.
  • #9
  • Mar 10, 2018 7:46pm Mar 10, 2018 7:46pm
Perhaps I should have posted this in the commercial thread, but I was hoping for a collaboration, not a sales pitch.
  • #10
  • Edited Mar 16, 2018 11:45am Mar 10, 2018 7:58pm | Edited Mar 16, 2018 11:45am
I will code your EA.

{ email address deleted by staff }
  • #11
  • Edited Mar 16, 2018 11:45am Mar 10, 2018 8:07pm | Edited Mar 16, 2018 11:45am
Quoting arby1108
I will code your EA. { email address deleted by staff }
Thank you Arby!

In the interest of complete transparency, since you did not send me a PM, may I assume that you are interested in coding this and keeping it in the forum for better or worse?
{ email address deleted by staff }
  • #12
  • Edited 10:29pm Mar 10, 2018 8:13pm | Edited 10:29pm
To the forum. Before a coder (like Arby) wastes their time on this?

Does anyone see anything wrong with a single entry point based on these conditions? False entries? Repainting indicators? Etc?

If I am completely off base here, I do not wish to waste anyone's time.
  • #13
  • Edited 9:18pm Mar 10, 2018 8:55pm | Edited 9:18pm
Phase 1 - Solidify a consistent entry point - I think I have found one as outlined in first post
Phase 2 - define a filter to defend against false entries - currently testing manually
Phase 3 - define closing parameters that have high probability of being met. - currently testing manually
  • #14
  • Edited 9:59pm Mar 10, 2018 9:46pm | Edited 9:59pm
Let me better define phase 1 - Solidify a consistent entry point - I think I have found one as outlined in first post

I will pick a pair at random from my charts. But you can load the indicators and verify my findings.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 108 KB


Note the vertical white lines signifying potential LONG positions. ALMOST every time the three conditions lineup, there is a continuation of movement in same direction afterwards that cannot be seen at the time created. Which is why I ask if anyone knows of these indicators repaint?
  • #15
  • Edited 10:34pm Mar 10, 2018 10:07pm | Edited 10:34pm
Quoting tzamo
{quote} Hi, you need to do a "Manual" backtest and show proof of profitability if you want to attract a coder to help you with this. I would start with a search to see if anyone has already coded something very similar like here: https://www.forexfactory.com/showthread.php?t=12798 and it shows the sort of backtest statistics you should make to prove your strategy is "legit" and not like 1000's of other ones that are not profitable in the long run. Apologies for the harshness, finding a strategy is only the beginning, you must work hard...
At your comment, I have added a TE to this thread from when I started trading this manually on Friday. This was before I saw the correlation with the CCI and when I came up with the idea of thinking about EA creation. If no one creates an EA, I will begin starting manual trades using all 3 conditions to see how it does. I post in advance for everyone to see.
  • #16
  • Edited 10:57pm Mar 10, 2018 10:08pm | Edited 10:57pm
Quoting tzamo
{quote} Hi, you need to do a "Manual" backtest and show proof of profitability if you want to attract a coder to help you with this. I would start with a search to see if anyone has already coded something very similar like here: https://www.forexfactory.com/showthread.php?t=12798 and it shows the sort of backtest statistics you should make to prove your strategy is "legit" and not like 1000's of other ones that are not profitable in the long run. Apologies for the harshness, finding a strategy is only the beginning, you must work hard then to prove it in a way others can understand if you want then to invest the time into it. Best Regards, Tzamo

What I am trying to determine here is ...is this just luck? Or, something of value for a long term strategy?

To prove a strategy to be "legit" as you say, will take time. What is the value of posting on FF from the inception?

I can do one of two things and the pros on this thread will understand.

I can open the observation I saw to the forum for a determination of value. Or, I can keep to myself and not post at all.

If anyone needs me to prove my findings as "legit" than I would not be posting a forum for assistance (and willing to PAY for service), as I would already be past that point for a forum asking for assistance? Yes?

Or did I misunderstand?
  • #17
  • Edited 5:16pm Mar 12, 2018 4:55pm | Edited 5:16pm
Not as big a day as Friday, but 3.9% is nothing to complain about. I think I could have made more trades, but could not sit in front of the PC all day.

Arby1108 is working on an EA and if his plan to share with the forum is the same as mine. We hope to have something soon. THANKS ARBY!
  • #18
  • Mar 13, 2018 6:34am Mar 13, 2018 6:34am
I read somewhere that some people like to trade the CCI when it crosses the zero line instead of +100 or -100. I tried that last night and the results were vastly different. Almost all losses.
  • #19
  • Mar 13, 2018 9:49am Mar 13, 2018 9:49am
Dear ForexSccotty,
Totally agree that you had several choices to not share your observations and I appreciate that you did. Thank you and Arby for helping you with the coding. Just be careful with cci, it has 2 levels 100 and 200 that ppl use. Just a worry regarding your entries is that all the things line up after most of the move is complete (or almost half the move). Not sure also how much AO lags, to help filter maybe you can have a look at "#CO_2_level_zz_semafor.ex4" found here on FF, to help with filtering. Something to consider also, some of the strategies with cci suggests that the entry is made when cci crosses the 100 level from above meaning that it has to cross it once, and then only after it crosses in the same direction as your sell is where the entry is made. So, if you have a look at your picture, where the cci crosses from above at the 100 level and the reds line up you get a much earlier entry. You could also consider having this as a offset in the EA to see if it can help. Problem for the EA will be making sure to include to check the cci value on close of candle, otherwise cci can fool the EA maybe if it touches a level and then goes the other way. The side of AO can also be considered, especially when it goes from -ve to +ve. Anyways mate, I hope I have not offended you and wish you all the best with your project strategy as I love the simplicity of it. Making a consistently profitable ea is probably the most difficult task of all
"Work hard, put in the effort, and follow your dreams..." -Me
  • #20
  • Mar 13, 2018 4:41pm Mar 13, 2018 4:41pm
Quoting tzamo
Dear ForexSccotty, Totally agree that you had several choices to not share your observations and I appreciate that you did. Thank you and Arby for helping you with the coding. Just be careful with cci, it has 2 levels 100 and 200 that ppl use. Just a worry regarding your entries is that all the things line up after most of the move is complete (or almost half the move). Not sure also how much AO lags, to help filter maybe you can have a look at "#CO_2_level_zz_semafor.ex4" found here on FF, to help with filtering. Something to consider also, some...
Tzamo, no offence taken at all. :-)

It is not what each indicator does that is important to me. It is what I noticed when they all align that I found fascinating. Using the vertical white line to show.
Attached Image

CCI at or below 100
RED Heiken Ashi
Red Awesome Oscilator

Next several candles go down

The a few candles later on same chart.

Attached Image


CCI at or above 100
White Heiken Ashi
White Awesome Oscillator
Next several candle go up.
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