Auction Market Value Theory & Analytics Expert Advisor

Hello,

here you can find a new version of the Auction Market Value Theory & Analytics EA.
There was some bug fixing and some simplification in the input parameters.
The default set of input parameters is already good for all forex pairs (major/minor/cross).

Like the previous version:
- on a demo account, just attach to ONLY one chart;
- in testing, ONLY use M1 timeframe. you must have at least 2 years of data with M1 and M30 timeframes.

cheers

I made the calculation of close period (time in hours between an order close and the following one) for the Overlay EA.

Here is the result: as you can see sometimes market is rather still (close period is above 200 hours or more), sometimes market moves very quick...

Moreover in the first trades close period is rather high, this is because the EA "takes a bit" to have a good number of open orders to close.

So, my suggestion for the ones that have downloaded the EA and are thinking to try in demo: be patient, orders will come.... but after some days.

thanks for sharing the latets version fabiodgt. couple of questions - will this work on a live account? And is it time limited in any way i.e. does it expire?

thanks, blam

Hi,

thanks for asking. This EA only works on demo account, unlimited, or for testing.
cheers

thanks, any plan to release live version?

blam

I will consider it

Yesterday after talking with another trader I realized that often seems that the market "moves all together".
That is, is not just EURUSD or another pair that boosts, but many pairs move quickly together.
When this happens, usually the move is "the good one".

I believe this happens when something really big is going on..not just the ordinary new, but a more important thing happened.

Some examples that we all remeber..Brexit, US elections, French elections....but I believe there are many more.

So, I noticed that when "the big thing" is approaching, before the market move, the market is rather contracted, often compressed, closed in price brackets (or "bracketing), and with rather high Volatility (ATR) or volume. Is like a rocket starting engines...

In this situation the Overlay EA creates a Virtual Order; if the move is big, many pairs are in such condition, and many Virtual Orders are created.

So I believe that the number of virtual orders is important in order to recognize if there is a "big move" approaching...but unfortunately there's no way to test it with the Strategy Testers, as the behaviour I am looking for happens on several pairs at the same time, not just one.

So what I did was to "link" the 2 EA (Overlay and Market Profile) through this information, e.g. the total number of virtual orders in the Overlay EA, and I modified the Market Profile EA in a way that is allowed to open orders only if the total number of virtual Orders in the Overlay is above a thershold

I have put this modified EAs in real, you can see what will happen with live the trade explorer

let's see...so what do you think about this?

so this is what I did:

on the first picture you can see the Overlay EA Expert TAB, in this moment there are 12 Virtual Orders

And here you see that there is another Market Profile EA on EURUSD (same with USDJPY)

These EAs will only open trade if the number of Virtual Orders (previous picture) is >15
(for the fans of mql4, I did this using Global Variables https://docs.mql4.com/globals)

...and for the Facebook fans, here is the "Multiday Overlay Strategy" page
https://www.facebook.com/MUltidayOve...dmin_todo_tour

today Overlay EA is short on AUDCAD.
As you can see, the entry level (at the lowerlimit of the long Overlay) was already tested in the past. This is exactly how the EA works.

As there were 20 open virtual orders (activity seems rather high...), also the Market Profile EA was allowed to open stop orders, both for EURUSD and for USDJPY.
As previously illustrated, there is a link between the Overlay and the Market Profile EA through Global Variables.

Now the Overlay EA is available in MQL5 market.

You can find a full version
https://www.mql5.com/en/market/product/27657

And a "low risk" version
https://www.mql5.com/en/market/product/30149

Both for sale or rental

Also the Market Profile EA is now available for sale

Here you can find Market Profile EA on EURUSD
https://www.ebay.com/itm/253713416045

Here you can finf Market Profile EA on USDJPY
https://www.ebay.com/itm/253704951937

Here you can find a microlot (very cheap!!) version of Market Profile EA
https://www.ebay.com/itm/253712217510

I am also working on a free version of the Overlay EA for real accounts, coming soon

this is my live account:

https://www.mql5.com/en/signals/441615

it's a MT4 signal, possible to subscribe

YES..it's available NOW and it's FREE!!

https://www.mql5.com/en/market/product/30134#!tab=stat

I have been working hard a while on a new EA.

The goal was to make a "time resilient" EA, that is you don't have to optimize every week..
Infact, an EA that needs frequent optimization I believe is not a good one...who tells me that this EA will behave like last week also in the future?
I'd rather prefere an EA that is good "forever" without optimizations....seems asking for a bit to much, but what if this is not just a crazy idea?

So what I did was to leverage from Market Profile Theory and Auction Market Value Theory & Analytics and adding some original ideas too...

As in my previous EAs, the order parameters (stop loss,take profit, trailing stop...) are not in pips or points, but are expressed as a % of market values.

For instance, stop loss level can be expressed as 50% of the value area range below price. This gives different values of stop loss in different market conditions.
Stop loss will be adapted to market conditions, and take profit and trailing stop too.

If this is true, once I find a good .set for my EA for the last 5 months, shouldn't it work good also in the past 4 years, across different market conditions? And if this is true, may be the same .set will be good also in the future, don't you agree?

Here is a first result. the set was optimized between march and july 2018, and then I launched a test on EURUSDsince october 2014.

Good enough?

Ok, here is a demo version, if somebody is interested to test.

On my side I am intersted to find good .set also on other pairs (USDJPY, GBPUSD....), optimized in last 5 months but also working since 2014, like the one I found on EURUSD.

If somebody is interested to share a good .set on other pairs too, I will donate a free copy of this EA working on live accounts with no limitations


Note: In order to test the EA, use timeframe M1 in Strategy Tester. The EA needs M1, M5 and M30 historical data

Here a description of how this "Market Profile Plus" EA works, and input parameters explanation.

The EA builds the Market Profile shape directly from market data. The MP shape is calculated every RATE minutes, that is each RATE minutes EA provides values for:
- Market Profile upperlimit and lowerlimit
- Market Profile Value Area Upperlimit and lowerlimit
- Market Profile POC

The EA, inspiring to Auction Market Value Theory & Analytics, also calculates the 1 day Overlay, also each RATE minutes. Then the number of distributions are calculated.
If number of distributions =1, the 1 day Overlay is "Bracketing".

So, if some conditions are verified (bracketing + value area range "narrow enough") the EA opens a buystop and a sellstop at the borders of the Market Profile.
The stop loss, take profit, trailing stop, trailing step are all calculated starting from Market Profile Value Area range.

The EA also uses OrderClose to close orders if the price forms a doji (an inversion pattern in candlesticks) wide enough.

The best friend of this EA is a good sharp trend after a compression period, while it likes less periods when price keeps in a channel. This is risky, stop loss could be hit easily.
In order to prevent stop loss when price is in a channel, when the channel is "narrow enough" stop loss is moved outside the price channel.

Finally, in order to recover after a stop loss, you can adjust the Take Profit of the opponent order to a % of gain respect to the value of the stop loss.

Input parameters explanation;

// gain in % after stoploss: for instance after suffering a stop loss of 30 pips, if we have here a value of 0.1, Take Profit of opponent order will be adjusted for a total gain of 33 pips
// doji height in point: if there is a doji at least of this height, order will be closed in profit
// minimal channel: if the price channel is less than this value (pips), all stop loss are moved out of the channel ...
//distance to move stop loss: ...at this distance (points) from the channel edge
// max Value Area: Market Profile Value Area range must be less than this value (points) in order to allow new pending orders
//ratio value area/stop loss: stop loss is caclulated as a ratio ov MP Value Area range
// Calculation period: this is the number o 5f minutes samples to calculate the price channel. For instance 300 is 25 hours
//multiplies stop loss to obtain take profit: take profit is calculated from stop loss
// Level back towards Fair Price: =3 or 4 is good here
/ / multiplies take profit to obtain trailing stop: Trailing Stop is calculated from Take Profit
// multiplies trailing stop to obtain trailing step: Trailing Step is calculated from Take Profit
// Step movement of a pending order: movement (pips) of a pending order
// Lots: lot size
// Lot is fixed: if true, lot is not changed. If false, your lot will increase if equity increases, or will be reduced if equity reduces
// Correction of lot size: lot size is changed depending of account margin.
// Unique number Adviser: magic Number. Has to be different if you use this EA in the same terminal in two or more charts with different pairs.
//distance of pending order: pending orders are opened at MP upper/lower limit + this distance (points)

I posted the R-profile indicator to FF over seven years ago, open source/free of charge. https://www.forexfactory.com/showthr...33#post4496833

I stopped using it because if you read the code it does don’t calculate tpo's required for MP analysis and too CPU intensive as it would freeze the mql4 platform .
That's OK, you people don't seem to care.

Any way, here's the code free of charge! Read it, use it, it's open source
And here is an added bonus/Plus……...it comes with a Sound Alert and Email Alert! No need for an EA, it will alert you when price crosses a line, value area, range limit, increase in volatility. Or just simply create an EA that triggers a trade, using the sound alert. No need to purchase a Black Box EA. Don't you just love "Open Source"

Good Luck & Happy trading!