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Can anyone code an EA for this simple yet wonderful Idea?

  • #21
  • Edited 2:59am Nov 15, 2018 2:47am | Edited 2:59am
Quoting anjanbabu
Hi everyone, A dear Redittor has done some great work and contributed the codes to the EA. I have requested him for some more additions to be done. Hopefully, he will do it!! I will post the EA here on receiving his permission! Now we know it is easily codable!! I will be back with some modifications and testing cheers
Hi anjanbabu,

The multi time frame analysis looks great and I have been testing it all day with great success.

I have noted that the DTOSC indicator is constantly re-calculating for the H4 & H1 timeframes when the H4 period & H1 period are not yet completed.
To see this just place your cursor on any one of the previous bars (even back to the last H4 period start) and see the recalculations happening in real time.

Does this affect the accuracy of back-testing ?
For example, the H4 & H1 DTOSC values may currently give a short bias whilst the 15 minute trade is now taken. But then 30 minutes later the H4 & H1 prices reverse markedly and the H4 & H1 DTOSC values (that are now shown on the previous setup bars) may now reflect the opposite bias to when the trade was taken.

Is there a way to "stop" the H4 & H1 values from changing for the 15 min bars that are already completed?

Many Thanks


for example see your EJ chart below - where I have marked what could have been a potential change -
Attached Image (click to enlarge)
Click to Enlarge Name: EJ.PNG Size: 276 KB
  • #22
  • Nov 15, 2018 3:38am Nov 15, 2018 3:38am
Quoting silverau
{quote} Hi anjanbabu, The multi time frame analysis looks great and I have been testing it all day with great success. I have noted that the DTOSC indicator is constantly re-calculating for the H4 & H1 timeframes when the H4 period & H1 period are not yet completed. To see this just place your cursor on any one of the previous bars (even back to the last H4 period start) and see the recalculations happening in real time. Does this affect the accuracy of back-testing ? For example, the H4 & H1 DTOSC values may currently give a short bias whilst the...

The H4, H1, M15 calculate the DTOSC with their respective time frames. So any 15MIN chart change will result in immediate 15MIN DTOSC change.
So a few 15 min bars won't drastically change the higher time frame. But of course, the H4 & H1 will calculate by collecting the H4 & H1 bars respectively.

Hoping that I understood your question properly I will try to explain! Though I don't know every bit about the DTOSC indicator.

look at the chart that I attached below. (So the market is happening as you guessed )
We are seeing bullish bars on the 15 MIN. So! what could have happened is depicted in the picture that I have attached. But keep in mind I don't have a proper mechanical way to assign a stop loss and take profit to this strategy. I prefer doing it manually.
Attached Image (click to enlarge)
Click to Enlarge Name: ej explain.PNG Size: 29 KB


Here is from the same chart but from yesterday price pattern we had already been in a SELL trade, for which we added today. So as long as the longer time frame stays bearish I will be looking for bearish entries.
I like to trade small lots and compound on them.
Attached Image (click to enlarge)
Click to Enlarge Name: ej explain 2.PNG Size: 30 KB


Hope I answered your question!
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  • #23
  • Edited 4:05am Nov 15, 2018 3:54am | Edited 4:05am
Quoting anjanbabu
{quote} The H4, H1, M15 calculate the DTOSC with their respective time frames. So any 15MIN chart change will result in immediate 15MIN DTOSC change. So a few 15 min bars won't drastically change the higher time frame. But of course the H4 & H1 will calculate by collecting the H4 & H1 bars respectively. Hoping that I understood your question properly I will try to explain! Though I don't know every bit about the DTOSC indicator. look at the chart that I attached below. (So the market is happening as you guessed ) We are seeing bullish bars...
Hi Anjanbabu

Thank you for your reply.
You may have misunderstood my observation.

In the chart I circled the last 4 bars (in yellow) and I was suggesting that if those 4 bars were removed (i.e. that price action did not occur) and the price action was replaced by the 4 yellow bars (theoretically) then the H4 & H1 dtosc values on the M15 setup bar for the trade that you would have entered from MAY (i.e. could) later (after the H4 period completed) show a long bias (as the dtosc is dynamically calculating for the incomplete H4 & H1 periods).

Therefore, if you were back-testing & looking at such a chart (where the new yellow bars replaced the 4 bars) then you would not see the H4 bias as being short (which it was) when the trade was taken. Yet the trade was taken correctly given the chart values at the time of the trade, but the subsequent price action changed the H4 values. Can you understand that a backtest may not show H4 bias on each M15 bar as it appeared at the time of each M15 bar??

If you hover your cursor over a live chart, then you can see the values changing dynamically.
Those values can change markedly over a 4 hour period - and may change the H4 dtosc values up to 4 hours after the 15 min bar has finished.

My main point is that backtesting may not be accurate (nor useful) unless the H4 & H1 values could be "locked in" on each M15 bar to show the values at the close of each M15 bar.

Please note that I still believe that your "simple yet wonderful idea" is a good one. But backtesting the method may be problematic or distorted.
  • #24
  • Nov 15, 2018 4:07am Nov 15, 2018 4:07am
Quoting silverau
{quote} Hi Anjanbabu Thank you for your reply. You may have misunderstood my observation. In the chart I circled the last 4 bars (in yellow) and I was suggesting that if those 4 bars were removed (i.e. that price action did not occur) and the price action was replaced by the 4 yellow bars (theoretically) then the H4 & H1 dtosc values on the M15 setup bar for the trade that you would have entered from MAY (i.e. could) later (after the H4 period completed) show a long bias (as the dtosc is dynamically calculating for the incomplete H4 & H1 periods)....

Okay, very interesting. Now I understood what you were saying. Great point and thanks for notifying me this one. Yes, you are totally right a backtest is totally useless.
in such a a case only forward testing will show the true result of this strategy.
do you do any coding?

Thanks for highlighting a great point.
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  • #25
  • Nov 15, 2018 5:18am Nov 15, 2018 5:18am
Example of trade in 3 pairs.
Sometimes im undecided about the SL . I trail profit 1/100 pips .
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-11-15 at 2.17.19 PM.png Size: 108 KB
Download Corti EA : https://cortiea.com
  • #26
  • Nov 15, 2018 5:22am Nov 15, 2018 5:22am
Quoting mastercool66
Example of trade in 3 pairs. Sometimes im undecided about the SL . I trail profit 1/100 pips . {image}

Those are some good trades.
But wait a second did you make an EA of this idea?
If you have created an EA please would you share the parameters you have set ? And the source code?

Thanks
those were good trades BTW

Quoting mastercool66
Example of trade in 3 pairs. Sometimes im undecided about the SL . I trail profit 1/100 pips . {image}
Yes same here, even I am not sure how to mechanise Stop loss and TP. But all this time I was doing it manually.
I won’t mind managing it manually until the we figure an automated way to manage the money.

Please do suggest any ideas that you are following to this issue. I will think this over again to figure out a way to automate SL & TP.

WARM REGARDS
Anjanbabu
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  • #27
  • Nov 15, 2018 5:38am Nov 15, 2018 5:38am
Quoting anjanbabu
{quote} Yes same here, even I am not sure how to mechanise Stop loss and TP. But all this time I was doing it manually. I won’t mind managing it manually until the we figure an automated way to manage the money. Please do suggest any ideas that you are following to this issue. I will think this over again to figure out a way to automate SL & TP. WARM REGARDS Anjanbabu
As SL i use the last HH of M15 and as TP the last LH ,when it begins trailing, i extend the TP to 500 pips.
Download Corti EA : https://cortiea.com
  • #28
  • Nov 15, 2018 5:50am Nov 15, 2018 5:50am
Quoting mastercool66
{quote} As SL i use the last HH of M15 and as TP the last LH ,when it begins trailing, i extend the TP to 500 pips.
Hmm,
That is one way to manage them. But does the EA recognize previous Lows and Highs? A trailing stop is one way to go right now.
With that, we should at least be able to protect our accounts from any sudden spikes in the market.
What you did with the TP is also a good idea, Because while I was trading manually I would let the trades run for a few weeks sometimes, and add more positions whenever a new crossover was made. Hence the account gets compounded and we can be considering a longer-term directional bias.

But as a member notified above it will be difficult to get this backtested as the Oscillator dynamically changes its values as new bars are formed. So what are your suggestions? Is forward testing the only way to do it?

Thank you,
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  • #29
  • Edited 7:39am Nov 15, 2018 6:28am | Edited 7:39am
Okay guys who were messaging me asking for the EA!
It isn't ready yet. And a dear user @mastercool66 is testing the strategy on real account trading manually. He will help us once he studies the strategy.
Also @Mkilvan a user will be helping us.
Warm Regards
strip things naked
  • #30
  • Nov 15, 2018 6:34am Nov 15, 2018 6:34am
Subscribed.
  • #31
  • Nov 15, 2018 6:44am Nov 15, 2018 6:44am
Quoting anjanbabu
Okay guys who were messaging me asking for the EA! It isn't ready yet. And a dear user @mastercool66 is testing the strategy on real account trading manually. He will help us once he studies the strategy. Warm Regards
This can be a SemiAuto EA,because what i see in the chart,the EA can not.
I was live with Brexit news and did not enter GBP trades.
Some trades were near S/R levels,did not take them too.
From my experience, manual trading is far better,i prefer the EA to manage the order after i enter.
Download Corti EA : https://cortiea.com
  • #32
  • Nov 15, 2018 6:49am Nov 15, 2018 6:49am
Hi guys,

The EJ entry we were talking about early today, we got another entry. In the picture attached below. Not only did we take 90 Pips in the first trade. We also did capitalize almost 50 Pips on the second trade. With this strategy, we can basically compound our account if we have proper Money management.

Attached Image (click to enlarge)
Click to Enlarge Name: EJ AFTERMATH.PNG Size: 60 KB


So in the picture above we can see the hourly Momentum has become bullish - So short-term traders can close their trades.
Long-term holders still can hold because the H4 momentum is Bearish.

So with this, I am trying to figure out some way to assign Stop Loss and Take Profits to the EA.
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  • #33
  • Nov 15, 2018 6:58am Nov 15, 2018 6:58am
Quoting mastercool66
{quote} This can be a SemiAuto EA,because what i see in the chart,the EA can not. I was live with Brexit news and did not enter GBP trades. Some trades were near S/R levels,did not take them too. From my experience, manual trading is far better,i prefer the EA to manage the order after i enter.
Yes, exactly. This can be only a semiAuto.
I was looking for an EA just to enter trades for me because I always missed soo many entries while I was away from the charts. We can't be in front of the charts every time there occurs a crossover on the 15MIN.
I will let the EA enter the trades form me and I will plan my money management manually throughout the day. I have been doing this for a while now.
And one more thing I do my Technical analysis every weekend. where I screen every pair for the coming week. (I trade Correction & Impulses)

Now let's Build an EA (Anyone with programming knowledge do help me with this!!)
BTW I have placed a request on MQL4 for freelancers. I have got some offers, I will be trying to get it coded there as well.
Warm Regards
strip things naked
  • #34
  • Nov 15, 2018 8:15am Nov 15, 2018 8:15am
Hi anjanbabu....

Thank you very much for sharing your strategy ...
You could share the DT Oscillator.ex4 of the indicator ....
it is showing an error...
Attached Image (click to enlarge)
Click to Enlarge Name: erro.PNG Size: 70 KB
  • #35
  • Nov 15, 2018 9:08am Nov 15, 2018 9:08am
Quoting anjanbabu
Guys, This is another example where you can see a sell Signal presented itself. So The EA will basically see for all the three time-frame stoch to coincide and then make trading decisions. This way we can also get a muti-time frame (longer time frame) sentiment. Also, we can get crisp entries with lower time frame momentum. Remember trades are taken only when all three indi coincide with the same bias. And only one entry per M15 Crossover. {image}

I am surprised to hear that you have been trading this profitably for 4 yrs. My guess is that you have not been trading for 4 yrs with this method, otherwise you would see the error you made in this screenshot. the 4 hr crossover would not be complete until 4 hrs after the vertical line you drew. It would be nice to have an indicator that can see into the future, but this is not such a case. Good luck!
  • #36
  • Nov 15, 2018 9:10am Nov 15, 2018 9:10am
Quoting hapanoy
Hi anjanbabu.... Thank you very much for sharing your strategy ... You could share the DT Oscillator.ex4 of the indicator .... it is showing an error... {image}
Hi,
I have updated the first post with new indicator files. There no errors in those indicators. Please do check them.
https://www.forexfactory.com/showthread.php?t=847351

Thanks
Warm regards
strip things naked
  • #37
  • Nov 15, 2018 9:16am Nov 15, 2018 9:16am
Quoting anjanbabu
Hi guys, The EJ entry we were talking about early today, we got another entry. In the picture attached below. Not only did we take 90 Pips in the first trade. We also did capitalize almost 50 Pips on the second trade. With this strategy, we can basically compound our account if we have proper Money management. {image} So in the picture above we can see the hourly Momentum has become bullish - So short-term traders can close their trades. Long-term holders still can hold because the H4 momentum is Bearish. So with this, I am trying to figure out...

Same here. At the time these vertical lines were drawn, the values for the 1 Hr and 4 Hr indicators would have had different values than what is show in the "after the fact" picture shown here.
  • #38
  • Nov 15, 2018 9:18am Nov 15, 2018 9:18am
Quoting Sciurus
{quote} Same here. At the time these vertical lines were drawn, the values for the 1 Hr and 4 Hr indicators would have had different values than what is show in the "after the fact" picture shown here.

I'm not saying that its not possible to trade with these indicators, I'm just saying it would be best to post fairer and more transparent screenshots that are more true representations of how the indicator works in real time.
  • #39
  • Nov 15, 2018 9:23am Nov 15, 2018 9:23am
Quoting Sciurus
{quote} Same here. At the time these vertical lines were drawn, the values for the 1 Hr and 4 Hr indicators would have had different values than what is show in the "after the fact" picture shown here.
Well, You can see the crossover in real-time. The may have already reversed the indicator lags but it doesn't change too much of value unless some crazy movement occurs. You have to watch it in real time to judge.

And if you want i have before and after screenshots of EJ today(I will try to take more screenshots from tomorrow)

before:
Attached Image (click to enlarge)
Click to Enlarge Name: ej explain 2.PNG Size: 30 KB


after:
Attached Image (click to enlarge)
Click to Enlarge Name: EJ AFTERMATH.PNG Size: 60 KB


Quoting Sciurus
{quote} I'm not saying that its not possible to trade with these indicators, I'm just saying it would be best to post fairer and more transparent screenshots that are more true representations of how the indicator works in real time.
Earlier I used This indi based system just for confirmation. But now I am looking to make it automated because I found some good winning chances.
Initially, I was not trading if the indi was in the Overbought or OS area. But as I gained confidence I was going for it with little confirmation from my technicals (Price Action)
Cheers
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  • #40
  • Nov 15, 2018 9:37am Nov 15, 2018 9:37am
Quoting anjanbabu
{quote} Well, You can see the crossover in real-time. The may have already reversed the indicator lags but it doesn't change too much of value unless some crazy movement occurs. You have to watch it in real time to judge. And if you want i have before and after screenshots of EJ today(I will try to take more screenshots from tomorrow) before:{image} after:{image} {quote} Earlier I used This indi based system just for confirmation. But now I am looking to make it automated because I found some good winning chances. Initially, I was not trading if...
Sure, for the second entry it looks like everything would be lined up. However, for the first entry you would have entered much later. See the attached screenshot. The lowest window is an approximation of the value of the 1 hr indicator in real time. It is the TIME CURRENT time frame with all input values multiplied by 4. You can see that the crossover would not have occurred until much later than the "peak", which is a location where the indicator would could obviously not predict that there would be a downturn on EJ.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-11-15 at 12.33.52 PM.png Size: 35 KB
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