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Random Walk Theory applying in Expert Advisor

  • #161
  • Oct 11, 2018 12:08pm Oct 11, 2018 12:08pm
New update - introduced Price Action & few issues fixed related to info panel and trading

Please download again from page 1


  • #162
  • Oct 11, 2018 12:17pm Oct 11, 2018 12:17pm
Price Actions are

Bear:
Three Black Crows
Dark Cloud Cover
Evening Doji
Bearish Engulfing
Bearish Harami
Evening Star
Bearish Meeting Lines

Bull:
Three White Soldiers
Piercing Line
Morning Doji
Bullish Engulfing
Bullish Harami
Morning Star
Bullish Meeting Lines

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 57 KB
  • #163
  • Oct 11, 2018 12:22pm Oct 11, 2018 12:22pm
Is it backtestable btw? I'd like to know trade frequency
Necessity knows no law except to conquer
  • #164
  • Oct 11, 2018 12:31pm Oct 11, 2018 12:31pm
Quoting 3ndlessHope
Is it backtestable btw? I'd like to know trade frequency
You can try, It may consume lot of time for proper back testing.

Trades are based on H4 trade conditions so maximum 5 trades in a day.
  • #165
  • Oct 11, 2018 10:00pm Oct 11, 2018 10:00pm
Price Action & Trend Signals - when both contradicts each other, could be potential reversal of Trend.

Attached Image (click to enlarge)
Click to Enlarge Name: euh4.jpg Size: 183 KB
  • #166
  • Oct 12, 2018 8:43am Oct 12, 2018 8:43am
It has done few trades today, if anyone is using the EA, please share the result and observation.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 51 KB
  • #167
  • Oct 12, 2018 8:49am Oct 12, 2018 8:49am
Looks good

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 54 KB
  • #168
  • Oct 12, 2018 9:00am Oct 12, 2018 9:00am
So..it has closed the position in $10 and opened a new one!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 52 KB
  • #169
  • Oct 12, 2018 9:04am Oct 12, 2018 9:04am
For the entire hour it is going to do the trade entries with only oneposition open.

In case of trade direction change, it is going to close the current position and open a fresh one.
  • #170
  • Oct 12, 2018 9:07am Oct 12, 2018 9:07am
I just realised that, I have not shared the latest version. Please feel free to download and test.

New update - introduced Price Action & few issues fixed related to info panel and trading

Please download again from page 1
  • #171
  • Oct 12, 2018 10:05pm Oct 12, 2018 10:05pm
Here is an open question to all.

I would like to add one more condition in the EA trading strategy, if the present candlesize (High - Low) is X then stop trading.

Question is what would be the X and what is the best way to calculate the X?
  • #172
  • Oct 13, 2018 1:10am Oct 13, 2018 1:10am
ATR?
Necessity knows no law except to conquer
  • #173
  • Oct 13, 2018 4:32am Oct 13, 2018 4:32am
Quoting 3ndlessHope
ATR?
ATR for what range? How many candles?
  • #174
  • Oct 13, 2018 5:00am Oct 13, 2018 5:00am
20 days ATR seems reasonable, but im not an expert and i dont even use indicators for trading
Necessity knows no law except to conquer
  • #175
  • Oct 13, 2018 5:12am Oct 13, 2018 5:12am
Quoting 3ndlessHope
20 days ATR seems reasonable, but im not an expert and i dont even use indicators for trading
Thats fair enough, why this is important - to filter out unnecessary trades which may occur after successful closing of first/second trade within the H4 - to stop the EA trading unnecessarily.
  • #176
  • Oct 13, 2018 5:23am Oct 13, 2018 5:23am
"unncessary" trades can bring profit, or loss. Everything needs to be backtested properly before doing any changes in my opinion
Necessity knows no law except to conquer
  • #177
  • Oct 13, 2018 6:25am Oct 13, 2018 6:25am
Quoting 3ndlessHope
"unncessary" trades can bring profit, or loss. Everything needs to be backtested properly before doing any changes in my opinion
Yes you can

It is about minimizing Risk. So,I am not thinking about maximizing profit for this project. My criteria will be how many time it tried trading, out of which how many times it succeded.

How much we can profit with this that may be a second phase of work.
  • #178
  • Oct 13, 2018 7:09am Oct 13, 2018 7:09am
What im saying is adding ATR filter can cause more loss, or more profit but we dont know it because it needs to be backtested. ATR filter is very logical, but the market is not driven by logic. Sorry if you misunderstood me, im not a native english speaker so yeah.
Necessity knows no law except to conquer
  • #179
  • Oct 13, 2018 7:31am Oct 13, 2018 7:31am
Quoting 3ndlessHope
What im saying is adding ATR filter can cause more loss, or more profit but we dont know it because it needs to be backtested. ATR filter is very logical, but the market is not driven by logic. Sorry if you misunderstood me, im not a native english speaker so yeah.
Sure. We are already using technical indicators -we know they are good for certain conditions - as soon as conditions changes these indicators start failing.

So, here, essentially we have been trying to detect the changes in market conditions.

Why measuring the candle length is important, so that we do not over do trading on that and exit or pass safely instead of getting caught.
  • #180
  • Oct 13, 2018 8:10am Oct 13, 2018 8:10am
Then 20 day ATR will work fine.
Necessity knows no law except to conquer
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