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

  • #61
  • Mar 17, 2018 9:38am Mar 17, 2018 9:38am
All valuable pieces of information!

Since no one has made a case that the correlation of the 3 indicators pose a significant risk by repainting we can look at the body of the trade?

Any trade should initiate at candle open based on condition of the previous candle closed?

For a LONG position, ( Assume the opposite for SHORT)

1. We check the CCI above +100 to validate buying pressure
2. We Check the AO to be a LONG candle? Any particular bias on this? Should it be above the 0 line? Or any time. Chart history looks like it may not make a difference? But longest price movement seem to take place when started below the zero line.
3. Heiken Ashi indicator in long to confirm short term trend

This may sound over simplistic, but we are looking for more wins than losses and more pips gained on the winning trades than lost on the losing trades for a defined period.
  • #62
  • Mar 17, 2018 9:44am Mar 17, 2018 9:44am
Quoting jdva
{quote} Another example from yesterday EURAUD, 5 signals ( 1 loss, 4 wins): {image}
JDVA - do you have an MQL version of the smoothed HA that Arby could add to the EA?
  • #63
  • Mar 17, 2018 9:45am Mar 17, 2018 9:45am
Quoting arby1108
hi Lukeb, I think the correct conditional is: for(int i=limit; i>=0, i--) but by the way you are right
Arby - do you want to post the EA so people can view its behavior on entries in back test? I can post 1.2 on the first post if you are ready to respond to questions about it.
  • #64
  • Mar 17, 2018 9:49am Mar 17, 2018 9:49am
Perhaps the Smoothed HA candle color change could make a possible exit?
  • #65
  • Mar 17, 2018 9:54am Mar 17, 2018 9:54am
Quoting ForexScotty
{quote} JDVA - do you have an MQL version of the smoothed HA that Arby could add to the EA?
Here you go:

Attached File(s)
File Type: mq4 HPT - Heiken Ashi Smoothed.mq4   4 KB | 300 downloads
I never lose - either I win or I learn...
  • #66
  • Mar 17, 2018 9:57am Mar 17, 2018 9:57am
Quoting jdva
{quote} Here you go: {file}
Thanks JDVA!

What does everyone think about the smoothed HA instead of the MT4 HA? Better for filtering trade entries or exits?
  • #67
  • Mar 17, 2018 10:21am Mar 17, 2018 10:21am
Quoting jdva
Hi Buddy, I don't want to mess your project...but if do allow I would like to present my ideas about your system. BTW I like your concept...!
BTW - You are very welcome to be part of the project! I wanted this to be a collaboration of FF folks to bring different viewpoints and ideas to a project that many can hopefully gain from.
  • #68
  • Mar 17, 2018 12:30pm Mar 17, 2018 12:30pm
I would suggest to try to riding the trend... at least with a part of a position... until a reverse signal occurs. That would mean on the EJ example below a 160 pips drop over two days (CCI never going above 100!)... look at the red short/white exit arrows:

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM30.png Size: 56 KB
I never lose - either I win or I learn...
  • #69
  • Mar 17, 2018 12:34pm Mar 17, 2018 12:34pm
Quoting jdva
I would suggest to try to riding the trend... at least with a part of a position... until a reverse signal occurs. That would mean on the EJ example below a 160 pips drop over two days (CCI never going above 100!)... look at the red short/white exit arrows: {image}
Definite possibilities, and if the Smoothed HA color change was used as an exit, could have had 2 winning trades in that series.
  • #70
  • Mar 17, 2018 12:39pm Mar 17, 2018 12:39pm
Quoting ForexScotty
{quote} Definite possibilities, and if the Smoothed HA color change was used as an exit, could have had 2 winning trades in that series.
Yep...sure !
I never lose - either I win or I learn...
  • #71
  • Mar 17, 2018 1:20pm Mar 17, 2018 1:20pm
What do you think Arby? Can we add the smoothed HA? And close open order on chart when there is a candle change?

That would be back test-able.
  • #72
  • Mar 17, 2018 3:23pm Mar 17, 2018 3:23pm
Thanks ForexScotty for this idea.
But I wonder why nobody is asking about the Heiken Ashi parameters...
  • #73
  • Mar 17, 2018 3:26pm Mar 17, 2018 3:26pm
Quoting kofix11
Thanks ForexScotty for this idea. But I wonder why nobody is asking about the Heiken Ashi parameters...
Good point, to date, I have been using MT4 HA which has no parameters.
  • #74
  • Mar 17, 2018 3:41pm Mar 17, 2018 3:41pm
Quoting ForexScotty
{quote} Good point, to date, I have been using MT4 HA which has no parameters.
Fine, now we are on the same track. I will further test.
Buy the way, does anybody know an easy functional web-based software to create an EA?
  • #75
  • Mar 17, 2018 4:15pm Mar 17, 2018 4:15pm
Here is a question - And no, I am not having delusions of grandeur here...

Some of my designs have produced hundreds of pips per day, but they were never stable enough to go live with. Would an EA that was stable and does the same cause issues with the broker where they would work against it? I think we have all dealt with brokers slowing down scalpers. But something like this? Just a thought to file away for future reference. May want to consider adding built in limiters.
  • #76
  • Mar 17, 2018 4:26pm Mar 17, 2018 4:26pm
Heiken Ashi Smoothed added, but It make backtest very slow.

Attached File(s)
File Type: ex4 ScottyEA FX v1.3.ex4   27 KB | 254 downloads
  • #77
  • Mar 17, 2018 4:35pm Mar 17, 2018 4:35pm
Quoting arby1108
Heiken Ashi Smoothed added, but It make backtest very slow. {file}
Arby! Let me be the first to say THANK YOU for your work. Whether the concept has value or not, I want you to know that I appreciate your being part of the thread!
  • #78
  • Edited 5:23pm Mar 17, 2018 4:38pm | Edited 5:23pm
Quoting arby1108
Heiken Ashi Smoothed added, but It make backtest very slow. {file}
Note to all: The EA uses points, not pips - correct Arby?

For a 20 Pip SL, enter 200
  • #79
  • Mar 17, 2018 4:56pm Mar 17, 2018 4:56pm
Quoting arby1108
Heiken Ashi Smoothed added, but It make backtest very slow. {file}
Thanks Arby, not sure if I have a setting wrong, but with SignalCLose = TRUE, trades are closing immediately.

Attached Image
Attached Image (click to enlarge)
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  • #80
  • Mar 17, 2018 5:24pm Mar 17, 2018 5:24pm
Hi Scotty
You got me thinking yesterday about all this and it prompted me to put in some time and effort to try and prove your entry.
What follows is my attempt to come up with an entry and exit using some elements of what you started with.
First of all I got rid of both HH candles and CCI...not good for entry or exit in my case.

Instead I used the signal of colour change in AO indicator along with corresponding bull/bear candles. This will be my entry.
I then took a USDJPY 4hr chart from Oct. 16 2017 to the present and highlighted every trade with a +/- in pips.
The exit was the opposite signal, this is also a signal to enter, so you are always in a trade. (this is true for all following scenarios)

Scenario 1, as mentioned above, is just a clean chart and trade each signal as it came. Result was +501 pips

Scenario 2 was same as one but filtering trades with the 55 SMA (only sell/buy under/over SMA). Result was +272 pips

Scenario 3 was same as one but filtering trades with 200 SMA. Result was +290 pips

Scenario 4 was same entry as above and same exit, only I took every buy candle if buying and every sell candle if selling (between signals) Result +827 pips

The first chart shows the results from first 3 scenarios

The second chart shows scenario 4 results with all trades shown

The third chart is a close up sample of some scenario 4 trades.

Chris

Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy oct to march.jpg Size: 136 KB

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Click to Enlarge Name: usdjpy oct to march all candles.jpg Size: 129 KB

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