I have changed R/S38 to False. It's look good no trade open yet.
- #1,307
- Sep 18, 2018 8:02am Sep 18, 2018 8:02am
{quote} I suggest you have a good look at this carefully work through it, pay particular attention to 3-d, and in approximately 3 minutes you should be up and running. https://docs.google.com/document/d/1...q6L1ZRUyY/edit Also, fwiw, this is not an EA that was created by Davit. It is an EA that takes his premise that trading against weekly pivot points can be profitable. I suggest you familiarize yourself with both the Davit string and this one.
Anyhow - lets see how it goes
- #1,309
- Edited 6:23pm Sep 18, 2018 6:09pm | Edited 6:23pm
Hi everyone, ive got this EA up and running now and doing some testing.
I have a couple of questions and also some ideas for the next version but ill start with the questions to get a better understanding of this EA.
Does simply clicking on the time frame button and the changing the time frame of the chart the EA is running on automatically change the TDI input period that the EA considers to open or close trades? So if you change timeframes to manually look at some other charts or big/small picture stuff - you have to be careful to go back to the TF you want the EA running on that particular chart before leaving the computer alone to do its thing or it will start trading on whatever TF you left it at?
Also - what is the method of adjusting TP SL levels? I realise the TDI triggers the in/out most of the time, but is there an another method to set the stop loss as the default settings are producing very wide stop losses?
As to an idea - ive read many making the point that this strategy doesnt work well in a trending market, only for ranging market. Well for future updates to this EA it would be relatively easy to add another filter based on say 3 longer term moving averages or even timeframes- which could filter out/prevent trades when above/below all 3 MA as an example. This way if a ranging market became a trending market due to fundamental change the EA would stop opening positions until within the correct market conditions again - just an idea but im sure its already been thought of already...
yes im new here so be gentle
I have a couple of questions and also some ideas for the next version but ill start with the questions to get a better understanding of this EA.
Does simply clicking on the time frame button and the changing the time frame of the chart the EA is running on automatically change the TDI input period that the EA considers to open or close trades? So if you change timeframes to manually look at some other charts or big/small picture stuff - you have to be careful to go back to the TF you want the EA running on that particular chart before leaving the computer alone to do its thing or it will start trading on whatever TF you left it at?
Also - what is the method of adjusting TP SL levels? I realise the TDI triggers the in/out most of the time, but is there an another method to set the stop loss as the default settings are producing very wide stop losses?
As to an idea - ive read many making the point that this strategy doesnt work well in a trending market, only for ranging market. Well for future updates to this EA it would be relatively easy to add another filter based on say 3 longer term moving averages or even timeframes- which could filter out/prevent trades when above/below all 3 MA as an example. This way if a ranging market became a trending market due to fundamental change the EA would stop opening positions until within the correct market conditions again - just an idea but im sure its already been thought of already...
yes im new here so be gentle
