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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

  • #81
  • Mar 17, 2018 5:31pm Mar 17, 2018 5:31pm
Thanks cfudge - welcome! I really like your comment that "You got me thinking yesterday". That is what collaboration does, we are not using the same old assumptions and actually starting to look at the charts. When we do that, we start to see different correlations. Your observation of the AO is sound that in many cases (more often than not) a color change does indicate a price swing. How far and how long? Who is to say. But we are working in the same direction here. I love it!
  • #82
  • Mar 17, 2018 7:14pm Mar 17, 2018 7:14pm
sorry, I make a mistake.
Attached File(s)
File Type: ex4 ScottyEA FX v1.3.ex4   26 KB | 299 downloads
File Type: ex4 HPT - Heiken Ashi Smoothed2.ex4   11 KB | 356 downloads
  • #83
  • Mar 17, 2018 7:31pm Mar 17, 2018 7:31pm
Quoting arby1108
sorry, I make a mistake. {file} {file}
No worries Arby - I have added the EA and indicator to post #1.
  • #84
  • Mar 17, 2018 10:18pm Mar 17, 2018 10:18pm
Thanks ForexScotty and arby1108 for the EA. It's an interesting concept that i'll checkout more
  • #85
  • Mar 18, 2018 6:07am Mar 18, 2018 6:07am
Quoting arby1108
sorry, I make a mistake. {file} {file}
Well done! It works.
How about after a loss trade increase next position by factor x?
After a win trade equal normal trade size.
  • #86
  • Edited 10:58am Mar 18, 2018 9:35am | Edited 10:58am
The Heiken Ash Smoothed indicator has not been updated in many years; here it is compiled strict with the latest event handlers.
Something I don't understand is that the drawing is dependent on the starting bar;
pos = rates_total-2; produces the same plot as the original post.
pos = rates_total-3; produces a plot that I think is an improvement.
pos = rates_total-4; starts to 'blow up', and by -5, it is junk.
I don't think an indicator should be reliant on the starting position like this - any thoughts?
Attached File(s)
File Type: mq4 HPT - Heiken Ashi Smoothed_1001.mq4   12 KB | 567 downloads
  • #87
  • Mar 18, 2018 9:37am Mar 18, 2018 9:37am
Quoting kofix11
{quote} Well done! It works. How about after a loss trade increase next position by factor x? After a win trade equal normal trade size.
Possibility. Sounds like a martingale. And, everyone who has followed my work knows I have been attempting to control the marty for years with some luck. But not stable in the long term. Might take a month, a year or years, but a long streak of losses increasing lot size after a loss by a factor could blow an account. I'm not saying it is a bad idea, but I found this correlation as I was looking for a way to break my Marty habit
  • #88
  • Mar 18, 2018 9:56am Mar 18, 2018 9:56am
Just an idea - but if people who are back testing post their settings and results so we can see what has been tested, might save some duplicate effort and focus future effort.

Maybe we can establish trend-friendly pair, TF, and length of back test (1 year, 2 year, ?) that all back tests focus on.

Thoughts?
  • #89
  • Mar 18, 2018 12:30pm Mar 18, 2018 12:30pm
Quoting arby1108
sorry, I make a mistake. {file} {file}
Hi Arby! Just curious, when adding the smoothed HA, is the entry rule using it or the MT4 HA?
  • #90
  • Mar 18, 2018 2:39pm Mar 18, 2018 2:39pm
it is using the smoothed HA.
  • #91
  • Mar 18, 2018 7:21pm Mar 18, 2018 7:21pm
I have backtested 1 year EURUSD no TP and SL
no TP and various SL
Just to see what is the reverse only result.
Around 30% of good trade and no profit overall
  • #92
  • Mar 18, 2018 8:24pm Mar 18, 2018 8:24pm
Quoting rockknmike
I have backtested 1 year EURUSD no TP and SL no TP and various SL Just to see what is the reverse only result. Around 30% of good trade and no profit overall
I had similar results with EURJPY. Smoothed HA as an exit, may not be the best for this. But, I am sure others are also testing. I did notice that it gave up a lot of pips and by the time the Smoothed HA changed color, it had given back what it had made. Other see the same?
  • #93
  • Mar 18, 2018 8:59pm Mar 18, 2018 8:59pm
Adding a basket TP to the EA could improve the results quite a bit as it seems to be detecting the trend quite well. The winning trades should overcome the negative trades. A mild martingale could also be useful.
  • #94
  • Mar 18, 2018 10:24pm Mar 18, 2018 10:24pm
If you need martingale to makes it profitable then the strategy is not good enough. In my view martingale can be use to improve an already profitable system.

Need more test to find the right setting. A timer can be a good idea using 24 hours a day is rarely optimal. May be a fast oscilator to get better entry another solution.
  • #95
  • Mar 19, 2018 8:00am Mar 19, 2018 8:00am
I didn't mean a traditional martingale strategy where you place trades all the time against the trend and don't open additional trades to the profitable side.
  • #96
  • Mar 19, 2018 1:57pm Mar 19, 2018 1:57pm
I suppose a Martingale can be viewed in different ways. But my view has always been simply to double your bet after a loss. It has nothing to do with the trend. This has been debated countless times and unless the thread deems otherwise, I do not think this will be the place for it because for it to work, you have to have a definite amount of risk with a equal or greater amount of gain. Now if that can be established, it may be something to circle back to.

https://en.wikipedia.org/wiki/Martin...betting_system)
  • #97
  • Mar 19, 2018 2:04pm Mar 19, 2018 2:04pm
Any money management will work better if the strategy is profitable first on itself. Any positive test settings yet ?
  • #98
  • Mar 19, 2018 2:10pm Mar 19, 2018 2:10pm
Quoting rockknmike
Any money management will work better if the strategy is profitable first on itself. Any positive test settings yet ?
From the EA on it's own. I have not seen any yet. But the only thing confirmed in my mind is the entry algorithm of the 3 indicator correlation. How far to let the trade run before collecting your pips is still up for debate. As I mentioned earlier, letting the trade run for a candle or two and then pocketing the pips is the strategy I am using. Whether done manually or with a trade manager of some kind.
  • #99
  • Mar 19, 2018 2:13pm Mar 19, 2018 2:13pm
Running with and without the Smoothed HA. The Smoothed HA has better entries than the MT4 HA. But, letting the EA wait until Smoothed HA color changes gives up too many pips.
  • #100
  • Mar 19, 2018 2:23pm Mar 19, 2018 2:23pm
Look at the charts with the 3 indi's. There is almost always a continuation of price following a correlation. May only be a couple candles, but profit is profit and the best way to make pips is to not lose pips.
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