merlin I got your mail.
1
Trading Strategy Development Journal For EA
- #102
- Jun 20, 2019 1:44pm Jun 20, 2019 1:44pm
- Joined Mar 2013 | Status: Trader | 1,773 Posts
I try yo catch reversals when price goes out of the upper and lower Bollinger bands. Daily chart . Period 25 and 13 deviation 1.
screen shot 
template
screen shot
template
- #104
- Jun 21, 2019 2:52pm Jun 21, 2019 2:52pm
- Joined Mar 2013 | Status: Trader | 1,773 Posts
I had given myself ultimatum of producing good EA which I then gave to salimc . it was called wind chaser. it did not produce good results.
I think it is important to say when are you finalizing. End of July 2019 I am done trying to put together a successful forex bot.
Forgive me for having gone back on previous ultimatum given to salimc. I hoping that I will be successful and we shall give notice to the bankers and we produce a bot that turns our vps in to an ATM. Getting ready to tell the broker watch out my balance is about to blow(the good way) I am excited because I have just cleared all bugs when it comes to placing trades. I am sure you can wait a bit more for the final bot.
I think it is important to say when are you finalizing. End of July 2019 I am done trying to put together a successful forex bot.
Forgive me for having gone back on previous ultimatum given to salimc. I hoping that I will be successful and we shall give notice to the bankers and we produce a bot that turns our vps in to an ATM. Getting ready to tell the broker watch out my balance is about to blow(the good way) I am excited because I have just cleared all bugs when it comes to placing trades. I am sure you can wait a bit more for the final bot.
- #107
- Jun 23, 2019 2:46pm Jun 23, 2019 2:46pm
- Joined Mar 2013 | Status: Trader | 1,773 Posts
{quote} Hi candy, Nice BB adjustment. Can u program an EA which can trade according to this settings? thanks.
This takes time spotting them and then coding them. This what will make the bot turn our vps in to atm's. Whose with me.
Thanks to merlin for introducing me to forex noobs dot com. Its from the videos on that site that helped me have an eagle eye for spotting the high probability setups.
Which are found around the Bollinger bands I have put in the template above.
- #111
- Jun 30, 2019 5:57am Jun 30, 2019 5:57am
- Joined Mar 2013 | Status: Trader | 1,773 Posts
There is a slight boo boo I have made when putting together reversal catcher. I have coded it and been back testing it one pair , NzdUsd.
Last week I tried back testing it on other pairs and it was kafwafwa( a disaster).
A good strategy should be able to succeed on at least three pairs I think. Unfortunately this is a difficult task. I tried coding many but when back testing they could not
do well on at least three pairs.
I have been trying to catch reversals with the help of Bollinger bands . The basic strategy so far is this Sell High Buy Low. In order determine price was high I would gauge it by looking if price was above the upper Bollinger band vice versa for buys. Once it is determined price is high then I use MERLIN's price action candle patterns that he emailed me to enter . Unfortunately I have not got the optimum result. I need a better gauge and entry method.
I have previously condemned moving averages, but need to eat humble pie and try it out again. If you look at an earlier post in this thread I said strategy to try in future. I started messing about with it for various possibilities .
Here is an image of EurJpy chart of where buys and sells would be attempted 
Basically when the moving averages are open like a butterflies wings to the upside place sell trades and vice versa for buys.
Here is the template
Here is the bot
Here is what I have found to have had success on at least three pairs
Last week I tried back testing it on other pairs and it was kafwafwa( a disaster).
A good strategy should be able to succeed on at least three pairs I think. Unfortunately this is a difficult task. I tried coding many but when back testing they could not
do well on at least three pairs.
I have been trying to catch reversals with the help of Bollinger bands . The basic strategy so far is this Sell High Buy Low. In order determine price was high I would gauge it by looking if price was above the upper Bollinger band vice versa for buys. Once it is determined price is high then I use MERLIN's price action candle patterns that he emailed me to enter . Unfortunately I have not got the optimum result. I need a better gauge and entry method.
I have previously condemned moving averages, but need to eat humble pie and try it out again. If you look at an earlier post in this thread I said strategy to try in future. I started messing about with it for various possibilities .
Here is an image of EurJpy chart of where buys and sells would be attempted
Basically when the moving averages are open like a butterflies wings to the upside place sell trades and vice versa for buys.
Here is the template
Here is the bot
Here is what I have found to have had success on at least three pairs
- #113
- Jun 30, 2019 12:25pm Jun 30, 2019 12:25pm
{quote} Its always encouraging when traders join in and test the work. The thread does not feel lonely then. I hope you still hanging in there. Waiting for that ATM bot adaptor
I am .....looking forward to the day we can all live financially free with the perfect ATM EA
