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  • #5,961
  • Aug 20, 2019 8:04pm Aug 20, 2019 8:04pm
Quoting pukunui
{quote} I also have this question.
Maybe it helps. I put Stop Loss 1.8 and TP 3.0. So that the trade closes only with the strategy.
IH - B221 Return Today: -0.2%
  • #5,962
  • Aug 20, 2019 8:05pm Aug 20, 2019 8:05pm
Quoting Vicente
{quote} Maybe it helps. I put Stop Loss 1.8 and TP 3.0. So that the trade closes only with the strategy.
Thanks!
  • #5,963
  • Aug 20, 2019 10:00pm Aug 20, 2019 10:00pm
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.
Quoting pukunui
{quote} I also have this question.
@Simontw -- sorry for the delayed response -- I missed your original post.

Stop Loss and Take Profit are registered with the broker at the time a trade is opened -- they ALWAYS have priority. In fact, after a trade is opened you can exit MT4 and power-off your machine and the SL / TP will still work. When a trade is opened an EA has no control over SL / TP -- and this applies to all the BDX EAs -- single trading, dashboard and AllPairs. This also applies to all EAs -- not just ours here.

Lately I've been using 0.4 ADR for TP and have noticed that's how most of my trades close -- that is, they reach TP and the broker closes them. And this makes sense, right? If a band is offset 100% ADR from the midline, then a TP of 0.4 ADR will never reach the midline -- and this is my conservative approach And I'm still experimenting.

If you want trades to reach the midline crossing then you'll need to set the TP higher to move it out of the way. I just now saw that Vicente suggested a TP of 3.0. Though @bishopdotun and I have made recommendations, the SL and TP are still areas where there is room for experimenting and SHARING RESULTS.

As a side note, do NOT set the TP to '0' -- this will cause an error when the order is sent to the broker. Instead, to disable TP use a large integer value.
  • #5,964
  • Aug 20, 2019 10:29pm Aug 20, 2019 10:29pm
Hi robots4me, I would like to confirm with you if the first R4M-BDX-ADR.ex4 (repainting one) indi you posted to give us a sence of what new verion would be like, cannot be used with current new single/allPairs/Dashboard BDX EA. Would it require substancial effort to make it work with expert advisor? I liked that indi since day one and would much appreciate the chance to run both indicators on the same pairs (for comparison) on two separate platforms. But if it will take too much time and effort than I just will stay happy with what is available. Thanks in advance and much appreciat your tireless efforts to emprove the system. All the best.
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  • #5,965
  • Aug 20, 2019 10:44pm Aug 20, 2019 10:44pm
@R4M many thanks for the response.

I was having 0.4 as the TP as it is nice and conservative on 100%ADR. But I do have one test account with a bigger TP and the auto exits enabled on the dashboard as looks like can squeeze the most pips with that method.

So far the higher risk 30% ADR account did very nicely yesterday. But will post weeks results on Friday.
EX BBMA trader focusing on REE code.
  • #5,966
  • Aug 21, 2019 1:40am Aug 21, 2019 1:40am
Quoting Cheiser
Hi robots4me, I would like to confirm with you if the first R4M-BDX-ADR.ex4 (repainting one) indi you posted to give us a sence of what new verion would be like, cannot be used with current new single/allPairs/Dashboard BDX EA. Would it require substancial effort to make it work with expert advisor? I liked that indi since day one and would much appreciate the chance to run both indicators on the same pairs (for comparison) on two separate platforms. But if it will take too much time and effort than I just will stay happy with what is available....

@Cheiser -- The "pre-version" BDX indicator will not work with the EAs. And you are correct, the "pre-version" used an interpolated TMA at a higher time frame. And, yes, it works well -- the BD strategy works well. But it also created problems because it repainted and also the higher time frame horizontal band shifted -- which caused signals to come and go. After I figured out how to create a very smooth, curvilinear non-repainting version then there was no reason to go back.

A few posts back I overlayed the two versions -- they superimpose perfectly. Furthermore, using Heiken Ashi transitions solves the problem of too many signals (Original Recipe) versus too few signals (Consecutive Candles).

Also, I'm looking to scale back the coding and maintenance work -- and supporting multiple systems would be going in the opposite direction.
  • #5,967
  • Aug 21, 2019 1:56am Aug 21, 2019 1:56am
Hi r4me, would you please reply my post?

https://www.forexfactory.com/showthread.php?p=12451861#post12451861

I am still confused with exits and terminology. Thanks in advance.

Regards,
Blackeagle
  • #5,968
  • Aug 21, 2019 2:02am Aug 21, 2019 2:02am
Quoting robots4me
{quote} @Cheiser -- The "pre-version" BDX indicator will not work with the EAs. And you are correct, the "pre-version" used an interpolated TMA at a higher time frame. And, yes, it works well -- the BD strategy works well. But it also created problems because it repainted and also the higher time frame horizontal band shifted -- which caused signals to come and go. After I figured out how to create a very smooth, curvilinear non-repainting version then there was no reason to go back. A few posts back I overlayed the two versions -- they superimpose...
Appreciate your reply I will master the new version. I have another quick question; if I set % ADR 50 (just example) in EA and %ADR 100 in indicator, which one will be executed...or they HAVE to be the same? I remember you mentioned that EA look into indi settings and it also has its settings...sorry I got a bit confused (bit overthinking?) Thanks so much.
  • #5,969
  • Edited 2:53am Aug 21, 2019 2:30am | Edited 2:53am
Quoting Blackeagle
Hi r4me, would you please reply my post? https://www.forexfactory.com/showthread.php?p=12451861#post12451861 I am still confused with exits and terminology. Thanks in advance. Regards, Blackeagle
Quoting Blackeagle
{quote} A few posts ago you said HMA transition detected a bearish move. By midline crossing I thought you meant blue TMA line, and by HMA transition I thought you meant colour change of Smoothed Heikin Ashi for Exits. Apparently I am wrong. So let's say I opened a long position at 1.2500. Price moved up to 1.2520 and TMA blue line is at 1.2550. Current bar's high and low is 1.2520 and 1.2516 respectively, and Current price is 1.2520. Despite price did not reach blue TMA midline, if it now drops to 1.2517 (midline is 1.2518 for current bar), EA...
@Blackeagle -- sorry for missing your post. These are good points and I'll try to explain.

First, let's ignore HMA transitions for Exits and just focus on midline crossings. A crossing occurs when the current bar's High and Low bracket the midline. In your example the current price was equal to the high -- which is NOT yet a crossing.

If the EA almost touches the midline, but not quite, it does not assume anything. The trade remains active. In algebra there is no concept of "almost". Yes, someone will now suggest using +/- 5% to mean almost, but you still end up with the same problem. What if the price is 5.00001% away from the midline? That's another "almost". So, "almost" doesn't count.

HMA transitions -- this is another beast. They are rarely used but I decided to add them as a potential backup. I have a nice indicator whose name suggests it is HMA-based, but the source code is decompiled -- so it is hard to tell what the actual algorithm is. It's markings appear similar to a Smoothed Heiken Ashi, but not quite. I'm using it as "plan B" for Exits. But, again, the vast majority of the time trades will Exit due to TP or midline crossing.

EDIT: Midline crossings are marked with Red 'x's, and HMA transitions with blue or purpose 'x's.
  • #5,970
  • Aug 21, 2019 2:45am Aug 21, 2019 2:45am
Quoting Cheiser
{quote} Appreciate your reply I will master the new version. I have another quick question; if I set % ADR 50 (just example) in EA and %ADR 100 in indicator, which one will be executed...or they HAVE to be the same? I remember you mentioned that EA look into indi settings and it also has its settings...sorry I got a bit confused (bit overthinking?) Thanks so much.
@Cheiser -- this is a good question -- I'm glad you brought it up because I know others are confused. And, this is very fundamental to how EAs and indicators work in MT4. But I understand that if you've never programmed for MT4 then it would be confusing.

There are two ways to develop an EA -- (1) include all the logic in the EA, or (2) include all the logic in the indicator and have the EA call the indicator.
There are advantages to both. I prefer option (2) because an indicator allows me to visualize the logic and where the Entries and Exit would occur. Also, since the EA relies on the indicator then I know its doing the right thing.

Option (1) has better performance and doesn't require that you first develop an indicator. But EAs don't draw visual elements and, so, how do you know that your logic makes sense? Also, if the EA's logic code is different than the indicator's logic code, then they might not be following the exact same rules.
Anyways -- as with everything, there are tradeoffs. My preference would always be to develop an indicator first and make sure it is correct. And then build an EA "shell" around the indicator that can execute trades.

The BDX EAs are "shells" that do not contain any trading logic. They use MT4's iCustom API to load the BDX indicator into memory and to access its data. The BDX indicator must be located in the "Indicators" folder in order for the EA to find it. However, you do NOT need to attach the indicator to a chart because the EA automatically finds it and loads it. The time frame used by the EA is also the time frame used by the indicator that gets loaded into memory. When an EA uses the iCustom API it totally ignores any indicators that you might manually attach to a chart. Also, when EA loads an indicator using the iCustom API the indicator remains hidden -- it does not draw.

Another interesting thing about MT4 -- indicators can not trade, they can only draw. MT4 literally prevents indicators from opening and closing trades. Only code that is built as an EA can call APIs to open and close trades. Also, though EAs can sort of draw, MT4 makes that difficult. MT4 was intentionally designed for indicators to draw and EAs to trade -- and not for them to do both.
  • #5,971
  • Edited 3:26am Aug 21, 2019 3:02am | Edited 3:26am
Hello R4M,

back from a short break...at first I know you don't want me to pay homage to your hard work however let me at least express my full respect to your ongoing efforts to provide us with a bugfree software.

I'm testing the BDX AllPairsEA as always (and you too) double tracked on H4 100% and H1 ADR50%. I still like the BD strategy but I have to admit that the non-repainting method give us an advantage as well.
Regarding the midline cross closing I noticed this morning live that this closing appears on the first tick of the following H1 bar after price has crossed midline. I ihink that is correct.
Yesterday I got a few signals blue dots on GBP pairs at the same time. But just one entry on GBPCAD. I remember on the former BD AllPAirsEA you was able to solve that problem. I will further watch if it still occurs in future.
I never lose - either I win or I learn...
  • #5,972
  • Aug 21, 2019 3:09am Aug 21, 2019 3:09am
I've just now updated the software for the BDX strategy...

R4M-BDX-ADR.ex4 -- this is the indicator work horse. The EA's get their signals from the indicator.
R4M-BDX-DashboardEA.ex4 -- dashboard EA for manual trading
R4M-BDX-EA.ex4 -- single pair, auto-trading EA
R4M-BDX-AllPairs.ex4 -- multi-pair, auto-trading EA

I've uploaded new versions of the BDX software -- one indicator and 3 Expert Advisors. This is now version "2.00.19233". The software can be downloaded from the other thread -- "Custom Indicators for TMA-ADR Reversal Trading and BBMA" (https://www.forexfactory.com/showthread.php?t=920925). All indicators are bundled in a single *.zip file. Indicators must be installed under MT4's 'Indicators' folder and EAs must be installed under the 'Experts' folder. To avoid version skews, please make sure that all indicators and EAs come from the same *.zip file.

Changes:

This version fixes 3 minor bugs that should not have affected most users or trading results.

* There was a bug related 4-digit brokers and calculating SL / TP.

* There was a bug related to brokers that use symbol suffixes -- e.g. EURUSDaustd

* There was a bug that caused a new trade to open when the EA was reloaded and there was a BUY or SELL signal on the current bar.
  • #5,973
  • Aug 21, 2019 3:23am Aug 21, 2019 3:23am
Quoting robots4me
{quote} {quote} @Blackeagle -- sorry for missing your post. These are good points and I'll try to explain. ........I'm using it as "plan B" for Exits. But, again, the vast majority of the time trades will Exit due to TP or midline crossing. EDIT: Midline crossings are marked with Red 'x's, and HMA transitions with blue or purpose 'x's.
Appreciate your time. Exits are clear now. From my yesterday's observations, only thing not clear to me is the number of entries. As I indicated before, there were 3 blue dots on GBPCHF as well as some other GBP pairs, but EA opened 5 trades (my limit was 5 per pair, I am not sure if EA would open more if I increased my limit), I don't know why. I'll continue to observe today and if same thing happens, I'll let you know.

Regards,
Blackeagle
  • #5,974
  • Aug 21, 2019 3:27am Aug 21, 2019 3:27am
Hi R4M

I have been testing your previous verison of the coloured dots outside the bands; ie not the one uploaded in the last few mins. I had a long signal in EU on 4HR timeframe yesterday, with a clear coloured blue dot on the lower band. I have just logged back in to check progress and the dot is not longer rendering, ie disappeared.

Just thought you should be aware.

Thanks Degsie
  • #5,975
  • Aug 21, 2019 3:42am Aug 21, 2019 3:42am
Quoting Degsie
Hi R4M I have been testing your previous verison of the coloured dots outside the bands; ie not the one uploaded in the last few mins. I had a long signal in EU on 4HR timeframe yesterday, with a clear coloured blue dot on the lower band. I have just logged back in to check progress and the dot is not longer rendering, ie disappeared. Just thought you should be aware. Thanks Degsie
@Degsie -- a screen shot would help along with an arrow where the blue dot used to be.
  • #5,976
  • Aug 21, 2019 3:48am Aug 21, 2019 3:48am
Quoting robots4me
I've just now updated the software for the BDX strategy... R4M-BDX-ADR.ex4 -- ...This is now version "2.00.19233". The software can be downloaded from the other thread -- "Custom Indicators for TMA-ADR Reversal Trading and BBMA" (https://www.forexfactory.com/showthread.php?t=920925). ...
I still see version 19230. Thanks.

Regards,
Blackeagle
  • #5,977
  • Aug 21, 2019 3:53am Aug 21, 2019 3:53am
@R4M

Can you please tell me what are the settings of the middle curve (blue curve) of your new indicator in the BDX strategy?
I read your previous post but I can't find the answer.

Thanks
  • #5,978
  • Aug 21, 2019 3:59am Aug 21, 2019 3:59am
Thanks RM4, the dot rendered below the bearish candle and before the engulfing bull on the outer band.

Attached Image (click to enlarge)
Click to Enlarge Name: Bluedot.png Size: 674 KB


Thanks again ... also on another note, if we drop to the shorter time frames, there are rarely any dots rendering on the outer bands and beyond; unless I'm missing something ...

Regards

Degsie
  • #5,979
  • Aug 21, 2019 4:03am Aug 21, 2019 4:03am
Quoting Blackeagle
{quote} I still see version 19230. Thanks. Regards, Blackeagle
@Blackeagle -- I just checked and I'm getting version 19233.

You may need to refresh your Navigator window and close / reopen charts.
  • #5,980
  • Aug 21, 2019 4:06am Aug 21, 2019 4:06am
Quoting bishopdotun
{quote} 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.
Bishopdotun, no need for you coming at the rescue of robots4me. He is doing well and he is not under attack. Cool down Lancelot.
Humility will make your life brighter than arrogance.
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