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  • #3,861
  • Jun 27, 2019 2:33pm Jun 27, 2019 2:33pm
[quote=robots4me;12354526]{quote}

Nope...your quite right about being able to see the immediate levels - but this was in reference to when price hits an area that is not visible on the current screen but would be if you had more data present.


No worries - I do think your on the right track, If I come up with anything else I'll pipe up.
  • #3,862
  • Jun 27, 2019 3:22pm Jun 27, 2019 3:22pm
Good day @robots4me,

Kindly add alerts on the R4M-Detective-MTF-HLF.ex4 indicator. If price comes and hit the previous TOP, the indicator should give an alert and if price comes and hit the previous BOTTOM the indicator should give an alert. Kindly advise

Regards

bidzah
  • #3,863
  • Jun 27, 2019 3:50pm Jun 27, 2019 3:50pm
Quoting bidzah
Good day @robots4me, Kindly add alerts on the R4M-Detective-MTF-HLF.ex4 indicator. If price comes and hit the previous TOP, the indicator should give an alert and if price comes and hit the previous BOTTOM the indicator should give an alert. Kindly advise Regards bidzah
Hello @bidzah -- I am no longer updating that indicator. Also, it was never intended to be used for trading.

BTW -- your 'shout' went to yourself. In FF, the way 'shout' works is you type it in the other person's profile. To answer your shout -- I don't develop custom indicators on request. There are other threads here at FF that would be more suitable for what you are looking for.
  • #3,865
  • Jun 27, 2019 4:37pm Jun 27, 2019 4:37pm
On ADR and Centered MA

I have been doing my planned exercise but something caught my attention as we visited the ADR conversation again.

I always look out for simplicity, and I hope the EA R4M is building will have as simple logic as possible.

May be all the answer we are busy looking for is in ADR. So I pulled up a daily chart, applied the NIH Centered TMA as seen in the picture below. Set interpolate to false, W1 and half length of 1. I just wanted to see how price responds to the centre line based on ADR. I see the price hugs the centre line. They are obviously lovers. The price touches the midline at least once a week.

Attached Image (click to enlarge)
Click to Enlarge Name: ADR above and below Centre MA.png Size: 928 KB


With just a visual exercise, you can see that:

  1. Over 90% of the time, at close of each candle, price distance from the midline stays below 200% of ADR. This apply to all major pairs.
  2. Like over 80% of the time, if you trade towards the midline at close of each candle whose close price distance from midline is greater than ADR, you almost always win

Therefore the following might be the magic steps

  1. Draw the center line of the centered MA (NIH Centered TMA, Interpolate = false, W1, half length = 1)
  2. Mark the ADR distance from the midline
  3. Check if the daily candle pokes and closes above the ADR from the midline (Check this at end of day)
  4. If step 3 is true, trade towards the midline
  5. Repeat step 1-4 once everyday at end of day (open of new daily candle)
  6. TP: Midline
  7. SL: ADR distance from trade open price

No Magic indicator, No uncertainty, No guess work. Less than 1min exercise by the EA at end of day or 1hr exercise if done manually.

Just for the fun of it. Even if R4M wont implement this approach, I will ask from other coders who could help and just test if this could give us an edge.

Few trades on a pair monthly but across 28 pairs there will be sufficient opportunities.

Ciao.

  • #3,866
  • Jun 27, 2019 4:50pm Jun 27, 2019 4:50pm
Quoting bishopdotun
On ADR and Centered MA I have been doing my planned exercise but something caught my attention as we visited the ADR conversation again. I always look out for simplicity, and I hope the EA R4M is building will have as simple logic as possible. May be all the answer we are busy looking for is in ADR. So I pulled up a daily chart, applied the NIH Centered TMA as seen in the picture below. Set interpolate to false, W1 and half length of 1. I just wanted to see how price responds to the centre line based on ADR. I see the price hugs the centre line....
@bishopdotun -- interesting observation. And thanks for giving me the space to put this off until I've finished with SpikeHunter.

And I had a question -- when you trade such large time frames don't you also have to survive big draw-drawns? I mean, from 30,000 feet things often look good, but when you zoom in you might find there are times when you are hundreds of pips in draw-down.
  • #3,867
  • Jun 27, 2019 4:59pm Jun 27, 2019 4:59pm
Quoting robots4me
{quote} @bishopdotun -- interesting observation. And thanks for giving me the space to put this off until I've finished with SpikeHunter. And I had a question -- when you trade such large time frames don't you also have to survive big draw-drawns? I mean, from 30,000 feet things often look good, but when you zoom in you might find there are times when you are hundreds of pips in draw-down.
DD is part of my risk calculation and I dont loose sight of my margin. If the trade is not heading anywhere I cut it out.

Here we are looking for the edge to reduce the DD as much as possible. So I will look at taking my trades back to the centre from beyond ADR.
  • #3,868
  • Jun 27, 2019 5:27pm Jun 27, 2019 5:27pm
Quoting bishopdotun
{quote} DD is part of my risk calculation and I dont loose sight of my margin. If the trade is not heading anywhere I cut it out. Here we are looking for the edge to reduce the DD as much as possible. So I will look at taking my trades back to the centre from beyond ADR.
@bishopdotun -- the more I look at your chart then the more intriguing it looks. Perhaps I'll look deeper this weekend.

And the way you outlined the recipe -- man, you make it too easy and tempting for me.

I'm glad you said no "magic" indicators are necessary. That's much nicer than saying no "useless" indicators necessary. There are people around here who could learn from you.
  • #3,869
  • Jun 27, 2019 6:03pm Jun 27, 2019 6:03pm
Quoting bishopdotun
On ADR and Centered MA I have been doing my planned exercise but something caught my attention as we visited the ADR conversation again. I always look out for simplicity, and I hope the EA R4M is building will have as simple logic as possible. May be all the answer we are busy looking for is in ADR. So I pulled up a daily chart, applied the NIH Centered TMA as seen in the picture below. Set interpolate to false, W1 and half length of 1. I just wanted to see how price responds to the centre line based on ADR. I see the price hugs the centre line....
Very interesting indeed. I tried that in the strategy tester and unfortunately the Centered TMA indicator is not refreshing. I thought i would post that in this thread. I dont know how that shouting thing works so i hope that Nih98 sees this . Maybe there is an easy fix?
  • #3,870
  • Jun 27, 2019 6:12pm Jun 27, 2019 6:12pm
Quoting Anrod
{quote} Very interesting indeed. I tried that in the strategy tester and unfortunately the Centered TMA indicator is not refreshing. I thought i would post that in this thread. I dont know how that shouting thing works so i hope that Nih98 sees this . Maybe there is an easy fix?
Quote
unfortunately the Centered TMA indicator is not refreshing.
@Anrod -- Strategy Tester may not have enough historical bars. Try setting the "From" and "To" dates very narrow -- like just 30 days apart.
  • #3,871
  • Jun 27, 2019 6:21pm Jun 27, 2019 6:21pm
Quoting robots4me
{quote} {quote} @Anrod -- Strategy Tester may not have enough historical bars. Try setting the "From" and "To" dates very narrow -- like just 30 days apart.
Thanks for the hint. Unfortunately this doesnt seem to solve the problem. I added a screenshot to clarify. I started the strategy tester on 28 May 2019. Same settings as bishopdotun

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 44 KB
  • #3,872
  • Jun 27, 2019 6:31pm Jun 27, 2019 6:31pm
Quoting Anrod
{quote} Very interesting indeed. I tried that in the strategy tester and unfortunately the Centered TMA indicator is not refreshing. I thought i would post that in this thread. I dont know how that shouting thing works so i hope that Nih98 sees this . Maybe there is an easy fix?
Hi Bro @Anrod, You can't test MTF indi with MT4 Strategy Tester.

Regards
NIH
Dog + Smile = Beautiful Day
  • #3,873
  • Jun 27, 2019 6:36pm Jun 27, 2019 6:36pm
Quoting Nih98
{quote} Hi Bro @Anrod, You can't test MTF indi with MT4 Strategy Tester. Regards NIH
Friend @Nih98 -- I've had the same problem with MTF. But, you know, I have come across posts from the MetaQuotes web site where I've read it can be done. But in my hands it never seems to work right. I'm glad to hear this from you -- I'll stop knocking my head trying.
  • #3,874
  • Jun 27, 2019 7:01pm Jun 27, 2019 7:01pm
Quoting Nih98
{quote} Hi Bro @Anrod, You can't test MTF indi with MT4 Strategy Tester. Regards NIH
Hi Nih98,

But it is possible to test Multi TF indicators with an EA in Strategy Tester, I have an EA that trades the same currency pair on different TF's and the indicators for each TF have different settings.

I know this is a different subject, but thought I would mention it.

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,875
  • Edited 7:54pm Jun 27, 2019 7:19pm | Edited 7:54pm
Quoting robots4me
{quote} {quote} @Robot Trader -- I hope you are sitting down, since I'm going to ruffle some feathers. But I think you are strong enough to handle it. Whenever I hear someone mention backtesting many years, with tick data -- I turn and run in the opposite direction, screaming. One can use MT4 Strategy Tester to test the logic of an EA and to make sure it doesn't crash, but anything more than that not only is a waste of time, but leads either to (a) crippled EAs, or (b) tossing EAs that would have worked fine in a live account. I could write a thread...
Hi R4M,

I use tick data with this MT4 plugin https://eareview.net/ nothing is perfect, but you can simulate slippage and throw a few other things at the EA.

But reading your post I see the biggest problem is how much CPU your EA might use, so I may not be able to help in testing it.

Regards

RT
Some people say I'm lucky, but the more I practice the luckier I get
  • #3,876
  • Jun 27, 2019 7:22pm Jun 27, 2019 7:22pm
Quoting Robot Trader
{quote} Hi Nih98, But it is possible to test Multi TF indicators with an EA in Strategy Tester, I have an EA that trades the same currency pair on different TF's and the indicators for each TF have different settings. I know this is a different subject, but thought I would mention it. Regards RT
@Robot Trader -- so maybe the key is the indicator has to be embedded in an EA. But then you can't watch it draw as the tester receives each new bar of data.
  • #3,877
  • Jun 27, 2019 7:23pm Jun 27, 2019 7:23pm
Quoting Robot Trader
{quote} Hi Nih98, But it is possible to test Multi TF indicators with an EA in Strategy Tester, I have an EA that trades the same currency pair on different TF's and the indicators for each TF have different settings. I know this is a different subject, but thought I would mention it. Regards RT
Hi Bro @Robot Trader, Yes it could work, because actually you test EA that call indicators data using iCustom() so the indicators work outside the strategy tester data. But if you directly test indicator with different TF then the algo try to work directly with strategy tester data and this will give calculation error, especially with indicator that use backward calculation.

Regards
NIH
Dog + Smile = Beautiful Day
  • #3,878
  • Jun 27, 2019 7:26pm Jun 27, 2019 7:26pm
Quoting Robot Trader
{quote} Hi R4M, I use tick data with this MT4 plugin https://eareview.net/ nothing is perfect, but you can simulate slippage and through a few other things at the EA. But reading your post I see the biggest problem is how much CPU your EA might use, so I may not be able to help in testing it. Regards RT
@Robot Trader -- thanks.

I encountered two types of problems -- the EA with the embedded indicator is a memory hog, plus the repainting makes it confusing to follow. I mean if I include enough diagnostics then I can confirm it does the right thing, but to a casual user I imagine it would raise more questions than answers.
  • #3,879
  • Jun 27, 2019 7:31pm Jun 27, 2019 7:31pm
Quoting Nih98
{quote} Hi Bro @Robot Trader, Yes it could work, because actually you test EA that call indicators data using iCustom() so the indicators work outside the strategy tester data. But if you directly test indicator with different TF then the algo try to work directly with strategy tester data and this will give calculation error, especially with indicator that use backward calculation. Regards NIH
Nice -- now I understand.

Often times I will migrate the indicator's code into the EA to avoid having to call iCustom(). Another trade-off situation -- using iCustom() allows MTF to work, but each call to iCustom() reloads the indicator's DLL. One is forced to choose between two poisons...
  • #3,880
  • Jun 27, 2019 9:14pm Jun 27, 2019 9:14pm
Quoting robots4me
{quote} @Robot Trader -- thanks. I encountered two types of problems -- the EA with the embedded indicator is a memory hog, plus the repainting makes it confusing to follow. I mean if I include enough diagnostics then I can confirm it does the right thing, but to a casual user I imagine it would raise more questions than answers.
Yes with repainting type indicators you need the confirmation of a closed bar (or 2/3 closed bars) because Intrabar gives too many false triggers.

If a simple MT4 standard indicator can be used for the bands, could not the EA be coded to show PA passing through these bands by X amount of pips, I have this coded with MA's and it works fine and no CPU problems?
Some people say I'm lucky, but the more I practice the luckier I get
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