(binned per thread starter’s request) MM (Money Maker) Detective | Page 298 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Money management: Capital needed per 0.07 USD per microlot 0 replies

The Volume Detective 411 replies

Attachments: (binned per thread starter’s request) MM (Money Maker) Detective
Exit Attachments

(binned per thread starter’s request) MM (Money Maker) Detective

  • #5,941
  • Aug 20, 2019 12:00pm Aug 20, 2019 12:00pm
Install a robot in each pair.
5 pips blocks
Most pairs 25% ADR. Some are different 15% and 20%.

Demo account just trying
Attached Image (click to enlarge)
Click to Enlarge Name: Captura1.PNG Size: 138 KB
IH - B221 Return Today: -0.2%
  • #5,942
  • Aug 20, 2019 12:06pm Aug 20, 2019 12:06pm
Quoting Vicente
Install a robot in each pair. 5 pips blocks Most pairs 25% ADR. Some are different 15% and 20%. Demo account just trying {image}
Ok thx are you using a commercial paid for renko or one of the free ones available?
  • #5,943
  • Aug 20, 2019 12:07pm Aug 20, 2019 12:07pm
Quoting Vicente
Install a robot in each pair. 5 pips blocks Most pairs 25% ADR. Some are different 15% and 20%. Demo account just trying {image}
did EA work on offline chart?
  • #5,944
  • Aug 20, 2019 12:22pm Aug 20, 2019 12:22pm
Quoting KillerJoe
Thanks for your message robots4me. I'm testing the BDX strategy manually effectively, but as others, i like to understand what I am testing. I know perfectly how heiken ashi is working. Heiken ashi is Heiken ashi. No variable used. Formulas to calculate open, low, high close of HA candle are all other the place. There should be no difference between heiken ashi indicators, if both are standard indicators. So, if i see a difference between your indicator and standard heiken ashi, then I ask a question in order to send my feedback. If I see your indicator...
@KillerJoe -- it's a "standard" Heiken Ashi -- whatever that means. Tell me -- where did you get your "standard" Heiken Ashi. Why is yours "standard" and the one I'm using not "standard". Perhaps mine is the "standard" one and yours is not. And besides -- why would I modify it? And even if I were to modify it, why would I lie that I hadn't modified it?

@KillerJoe -- put on your "critical thinking hat". We've given you a beautiful BDX indicator. Attach it to a chart. Look at where it marks Entries. Try trading with it in a Demo account. Why would anyone care if the Heiken Ashi used by the BDX indicator is slightly different than the one on their Windows machine? You're one of those guys who can only see blades of grass when walking through a forest.

EDIT: The BDX Indicator has a setting "ShowStandardHABars". When set to 'true' then it overlays "Standard" HA bars on top of MT4 bars so you can see the difference.
  • #5,945
  • Aug 20, 2019 12:33pm Aug 20, 2019 12:33pm
Quoting ficibald
{quote} did EA work on offline chart?
Listo

The indicator is in Spanish.
Attached Image
Attached File(s)
File Type: ex4 WT_Renko_v2.2.ex4   124 KB | 389 downloads
IH - B221 Return Today: -0.2%
  • #5,946
  • Aug 20, 2019 12:41pm Aug 20, 2019 12:41pm
Quoting ficibald
{quote} did EA work on offline chart?
Renko only works on offline charts. Live, but displayed on offline
  • #5,947
  • Aug 20, 2019 12:51pm Aug 20, 2019 12:51pm
Quoting Vicente
Good morning to everybody. Testing the system with a new approach. I put the robot to work on renko graphics. TMA works like a magnet. Thanks robots4me Greetings from Ecuador {image}
@Vicente -- interesting -- I tip my hat to you...

There was a time I traded Renko bars, but I found the offline charts too CPU-intensive. But I like seeing that you applied BDX to an offline chart that is time-independent. Very nice.
  • #5,948
  • Aug 20, 2019 12:55pm Aug 20, 2019 12:55pm
Quoting rogertaggart
{quote} Renko only works on offline charts. Live, but displayed on offline
I'm sorry I don't want to hijack the thread.
You are right, the indicator is installed in M1, Click on the button that is there and it opens a graph without connection, within the graph
Renko configure it as described in the image to work the robot, or if it does not work.
IH - B221 Return Today: -0.2%
  • #5,949
  • Aug 20, 2019 1:00pm Aug 20, 2019 1:00pm
Quoting robots4me
{quote} @Vicente -- interesting -- I tip my hat to you... There was a time I traded Renko bars, but I found the offline charts too CPU-intensive. But I like seeing that you applied BDX to an offline chart that is time-independent. Very nice.

Thank you for your work.
Open 2 MT4 in the same account. 10 robots in each MT4. On my computer they work well.
I still can't figure out how Heiken candles work in Renko, but the important thing is the results.
Thanks once again
IH - B221 Return Today: -0.2%
  • #5,950
  • Aug 20, 2019 1:13pm Aug 20, 2019 1:13pm
Quoting Vicente
{quote} Thank you for your work. Open 2 MT4 in the same account. 10 robots in each MT4. On my computer they work well. I still can't figure out how Heiken candles work in Renko, but the important thing is the results. Thanks once again
Quote
I still can't figure out how Heiken candles work in Renko, but the important thing is the results.

  • #5,951
  • Aug 20, 2019 2:29pm Aug 20, 2019 2:29pm
thanks r4m for great EA.seems that EA opens multiple orders at one sygnal?also it could open more than ten orders but in settings is limit ten opened orders.its bug or something?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1111.png Size: 36 KB
Click to Enlarge Name: 22222.png Size: 22 KB
  • #5,952
  • Aug 20, 2019 2:46pm Aug 20, 2019 2:46pm
Quoting ficibald
thanks r4m for great EA.seems that EA opens multiple orders at one sygnal?also it could open more than ten orders but in settings is limit ten opened orders.its bug or something? {image} {image}
@ficibald -- it should be only one order per signal -- i.e. there should NOT be multiple intrabar trades.

However, if the current bar has a signal and the EA is reloaded then it will see the signal again and open a new trade. That is, the bookkeeping is lost each time the EA is reloaded. In your case that may be what happened or maybe a trade was opened by another EA. I would have to see the timing and MagicNumbers of your open trades.

In the next release I've fixed the bookkeeping problem so if the current bar has a signal and you were to reload the EA then it should NOT open a new trade (if one had already been opened on the current bar).
  • #5,953
  • Aug 20, 2019 2:54pm Aug 20, 2019 2:54pm
Quoting robots4me
{quote} @KillerJoe -- it's a "standard" Heiken Ashi -- whatever that means. Tell me -- where did you get your "standard" Heiken Ashi. Why is yours "standard" and the one I'm using not "standard". Perhaps mine is the "standard" one and yours is not. And besides -- why would I modify it? And even if I were to modify it, why would I lie that I hadn't modified it? @KillerJoe -- put on your "critical thinking hat". We've given you a beautiful BDX indicator. Attach it to a chart. Look at where it marks Entries. Try trading with it in a Demo account. Why...
Thanks to your response. Don't want to hijack the thread, but i think i have to respond to that. Obviously, you are a smart guy and you brought a lot to the FF comunity. But that does not give you the right to be arrogant, to bash people or to treat them as idiot. Hopefully this is my last msg in that thread, but here we go:

1) As I already told you, I am currently trying manually that strategy in a demo account. I am doing that with one purpose: to check if the strategy is goog enough to go live with it in the future. Whenever, I put my money on the market with a given strategy, I want to understand every piece of it. This may be my sin. Based on that, i have seen big discrepancies (and not slight difference as you say) between the standard HA indicator and the one you are using.

2) Maybe I'm an idiot, but standard HA is defined like that:

Heikin-Ashi (平均足, Japanese for 'average bar') candlesticks are a weighted version of candlesticks calculated with the following formula:

  1. Close = (open + high + low + close) / 4
  2. High = maximum of high, Open, or Close (whichever is highest)
  3. Low = minimum of low, Open, or Close (whichever is lowest)
  4. Open = (Open of previous bar + Close of previous bar) / 2

This is Wikipedia and commonly accepted as standard definition of HA. Can not imagine for a second that a smart guy as you are does not know it.

3) All standard HA indicator of all MT4 platform are based on these calculations. Your indicator obviously is not. It includes some kind of modification or shifting. Again, no standard HA can result in a bearish HA candle as shown in my post 5926. Seems some shifting is used. Dare to explain that ?

4) I fully understand if you do not want to disclose the exact algorithm of your indicator, but don't say it is based on the standard indicator.

It would have been sufficient to just state that you are not willing to fully explain the strategy instead of bashing people when they track some discrepancies/incoherences in your explanations. Finally, would like to apologise to all thread readers. This post does not bring much but I don't like to be treated like an idiot. Would like to apologise as well with the thread starter. Obviously, you are not willing to be fully transparent as I thought you would. No need to respond to this post. I understand you are a busy man. Just let me give you an advice: humility will make your life brighter than arrogance. Take care.

Humility will make your life brighter than arrogance.
  • #5,954
  • Aug 20, 2019 3:18pm Aug 20, 2019 3:18pm
Quoting KillerJoe
{quote} Thanks to your response. Don't want to hijack the thread, but i think i have to respond to that. Obviously, you are a smart guy and you brought a lot to the FF comunity. But that does not give you the right to be arrogant, to bash people or to treat them as idiot. Hopefully this is my last msg in that thread, but here we go: 1) As I already told you, I am currently trying manually that strategy in a demo account. I am doing that with one purpose: to check if the strategy is goog enough to go live with it in the future. Whenever, I put my...
@KillerJoe -- you've totally missed the point. The HA indicator makes little difference. In the previous version we experimented with:
1. Original Recipe -- simple closing above / below the ADR band followed by opening above / below
2. Consecutive Candles indicator
3. Level-2 Fractal indicator

They all work. I've written many times the magic sauce is the ADR offset from the midline.

Here is a link to the source code for the Heiken Ashi indicator I'm using. If you prefer to validate the code of this indicator instead of trading then go for it:
Attached File(s)
File Type: mq4 Heiken Ashi.mq4   5 KB | 243 downloads

The copyright notice for this indicator is MetaQuotes -- they are the company that developed MT4 and MT5. If you want to claim they are using a non-standard HA algorithm then take it up with them.

I didn't call you an idiot, but I did imply you were a clueless trader. This thread couldn't have been more transparent.
* We've provided the indicator used by the EAs.
* We've described every rule in detail.
* I've stated many times what the "magic sauce" is.
* I've requested help with testing.
* The goal is a reliable trading system.

Yet, you are totally oblivious -- and after nearly 6000 posts I've lost patience with oblivious people.

There will always be a few guys who would prefer rummaging through blades of grass than helping the rest of us out. I get that you are into validating the HA indicator, but no one else cares. I'm intentionally being rude in the hope of jostling that brain of yours to look up from the hole you are digging and checkout the big picture first. After you grasp the big picture then go back to digging.

Quote
Just let me give you an advice: humility will make your life brighter than arrogance.
Really? You with 8 posts. You with 8 posts lecture about humility and arrogance. I wish there was an emoji where I could roll my eyes...
  • #5,955
  • Aug 20, 2019 3:20pm Aug 20, 2019 3:20pm
Quoting KillerJoe
{quote} Thanks to your response. Don't want to hijack the thread, but i think i have to respond to that. Obviously, you are a smart guy and you brought a lot to the FF comunity. But that does not give you the right to be arrogant, to bash people or to treat them as idiot. Hopefully this is my last msg in that thread, but here we go: 1) As I already told you, I am currently trying manually that strategy in a demo account. I am doing that with one purpose: to check if the strategy is goog enough to go live with it in the future. Whenever, I put my...
Someone has worked his ass out to give you a free tool to trade and you post this nonsense like you paid him to work for you? He didn’t promise you anything. You posting like some god who controls everything. You need to look at yourself in the mirror.

Even if he eventually checks and find out that he was wrong, he is one of the few guys who will own up and explain what went wrong.

I will appreciate if you don’t post here anymore. And please don’t use the indicator. Just move on. Thank you.
  • #5,956
  • Aug 20, 2019 3:25pm Aug 20, 2019 3:25pm
Quoting robots4me
{quote} @KillerJoe -- you've totally missed the point. The HA indicator makes little difference. In the previous version we experimented with: 1. Original Recipe -- simple closing above / below the ADR band followed by opening above / below 2. Consecutive Candles indicator 3. Level-2 Fractal indicator They all work. I've written many times the magic sauce is the ADR offset from the midline. Here is a link to the source code for the Heiken Ashi indicator I'm using. If you prefer to validate the code of this indicator instead of trading then go for...
From his post you can easily tell the kind of person he is.
  • #5,957
  • Aug 20, 2019 4:15pm Aug 20, 2019 4:15pm
Quoting robots4me
{quote} @benjun9 -- thanks for posting your results above and also sharing your experience with M15. This helps me as well. Regarding time frames... Look it, if it works then that is all that matters and feel free to ignore my recommendations. Lately I've spent minimal time testing since once I finish coding then I put it out there for people to experiment with. The reason I've been recommending H4 is because that is probably the lowest time frame that works well with 100% ADR. To me it makes sense to define an extreme price as 100% ADR, since ADR...


We will proceed with the test as of today.
  • #5,958
  • Aug 20, 2019 6:04pm Aug 20, 2019 6:04pm
robots4me a humble request for the next version, for those of us who like to experiment with% ADR
Attached Image (click to enlarge)
Click to Enlarge Name: HMA.png Size: 97 KB
IH - B221 Return Today: -0.2%
  • #5,959
  • Aug 20, 2019 6:30pm Aug 20, 2019 6:30pm
Quoting Vicente
robots4me a humble request for the next version, for those of us who like to experiment with% ADR {image}
@Vicente -- @bishopdotun and I decided that midline crossing works best. It's not that opposite band can't work from time-to-time, but too often it won't be met and instead you'll go to SL. We want to keep things simple -- one type of Entry, one type of Exit. You launch the EA and then go on vacation for a month knowing that your account will still be there when you get back.

* Conservative trading strategy
* High WinRate
* Low DrawDown

Of course there is room to maneuver -- e.g. you can choose whichever time frame you want, %ADR, StopLoss and TakeProfit. But I would suggest that you not wrestle with it. Yes -- there are additional options we could add, and in previous versions of this indicator and others I have shared there have been many. But I don't want to go down that path anymore. As a friend reminded me -- this is his "last bus stop". This strategy works really well. Let's test the heck out of it to make sure there are no bugs and then let's enjoy using it with confidence.
  • #5,960
  • Aug 20, 2019 6:59pm Aug 20, 2019 6:59pm
Quoting Simontw
@R4M I just had a trade close on GJ. I had Auto Exits on the dashboard - Enabled. My understanding was that it would close the trade via midline or smoothed Heiken Ashi but it appears the ADR% TP/SL has priority. Am I misunderstanding the exit or should the Auto Exit take priority if enabled? EDIT: Or do I need to set TP to zero and then this will allow Auto Exits to operate.
I also have this question.
5 traders viewing now