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The Volume Detective 411 replies

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

  • #6,801
  • Sep 18, 2019 1:57am Sep 18, 2019 1:57am
Quoting Simontw
{quote} Thank you yes it is very strange. Last week the EA traded my account and I detected no problems or issues with closing on midline before tp in the cases the mid line had shifted. So was surprised when I noticed it hadn't closed. Let me know if you need anything else as it is working really well with CC entry on the hour, getting these exits sorted would really put my mind at ease to leave it alone for the week without looking. Many thanks. EDIT: Same just occurred with GU and GJ. Got the alert and new candle opened while trade remained open...I...
@simontw -- below is a link to a "private" build of the AllPairs EA:
Attached File(s)
File Type: ex4 R4M-BDX-AllPairsEA.ex4   123 KB | 577 downloads


This private build (version 19259b) differs from the "official" version in that I've added a few diagnostic messages and made a couple of minor changes to the code. I'm not sure that the problem is fixed, but the diagnostic messages might give a clue. When it appears that an Entry or Exit is missed could you check the 'Expert' tab for log messages that begin with "*** ATTENTION...". The message should also include a time stamp and I'd be interested to learn if the time stamp corresponds with a skipped Entry or Exit.

@simontw -- again, thanks for your help.
  • #6,802
  • Sep 18, 2019 2:04am Sep 18, 2019 2:04am
Quoting robots4me
{quote} @simontw -- below is a link to a "private" build of the AllPairs EA: {file} This private build (version 19259b) differs from the "official" version in that I've added a few diagnostic messages and made a couple of minor changes to the code. I'm not sure that the problem is fixed, but the diagnostic messages might give a clue. When it appears that an Entry or Exit is missed could you check the 'Expert' tab for log messages that begin with "*** ATTENTION...". The message should also include a time stamp and I'd be interested to learn if the...
Thank you very much. I will put this on right now and post any info from trades as it comes.

Simon
EX BBMA trader focusing on REE code.
  • #6,803
  • Sep 18, 2019 9:34am Sep 18, 2019 9:34am
Steve, good morning. I admit that I was excepted with respect to the exclusive use of CC, until I started testing some configurations.

I know that the original strategy pays a lot of importance when leaving the middle line, but if we are talking about compensations why not let CC take us out of the bad and good trade?

In this CC approach, we not only give you the responsibility to take us out of bad trade in time, but also to lead us to the victories. Do not limit yourself only to the use of the midline. I have noticed that CC takes us many times in a winning trade before the middle line, why not let it do the same with those who cross that line?

To reduce some possible trade in the graphics I have only changed the use of vortex filter to 2, and the difference is really noticeable. I know it will also prevent us from entering some good stores, but as you said it is a matter of compensation. Would it be feasible for the user to choose the vortex filter? Since in this approach CC takes a more important role, the most desirable would be to be able to use it in all its capacities.

Thanks Steve for your work.

I put these ideas into consideration.
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  • #6,804
  • Sep 18, 2019 9:52am Sep 18, 2019 9:52am
Quoting Simontw
{quote} Thank you very much. I will put this on right now and post any info from trades as it comes. Simon
I have had the adjusted All Pairs EA on 5 min chart all day. Open trades....mid line X and CC signals but no closure of trades.

Here is an example of EURGBP, it did not closes and also did not open any other trades after the first one.

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Lots of exit signals....

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So right now it is exits that are a problem and it seems additional trades after the initial entry.

I have this running on two MT4 one demo and one live with same results. I will try my VPS server next and put it on there with a different broker.
EX BBMA trader focusing on REE code.
  • #6,805
  • Edited 2:20pm Sep 18, 2019 1:09pm | Edited 2:20pm
Quoting Simontw
{quote} I have had the adjusted All Pairs EA on 5 min chart all day. Open trades....mid line X and CC signals but no closure of trades. Here is an example of EURGBP, it did not closes and also did not open any other trades after the first one. {image} Lots of exit signals.... {image} So right now it is exits that are a problem and it seems additional trades after the initial entry. I have this running on two MT4 one demo and one live with same results. I will try my VPS server next and put it on there with a different broker.
@Simontw -- I've also been testing and it continues to work for me. I've even created logging to a file where I can see trades opening and closing.

One problem I just now noticed with your setup -- the indicator is M5, but the EA is using H1. The EA relies on MagicNumbers and the MagicNumbers are different for M5 and H1. Also, the dots and x's signals from M5 won't match with an EA attached to an H1 chart.

EDIT: The indicator has it's own Alerts based on the time frame of the chart it is attached to. For the indicator's Alerts to match with the EA's trading then they must both be on the same time frame. @simontw -- I know you understand this -- I'm just taking this opportunity to mention it in case others are not clear about this.
  • #6,806
  • Sep 18, 2019 2:20pm Sep 18, 2019 2:20pm
@r4m I know you are pretty set on the trade logic and the opposite band exit was removed. But i constantly find it a positive thing to let the trade run to the opposite band.
But midline could still have a use for setting SL to Break Even (or taking profit immediately like normal, trader choice).

Below im attaching some pics of what I mean. Green circles are spots the trade reached midline. Green arrows are spots the trade went to opposite band. Yellow circles are spots the trade exit by CC or by Break Even. I've spotted this frequently across all pairs.
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  • #6,807
  • Sep 18, 2019 2:21pm Sep 18, 2019 2:21pm
I would also like to state that the both exits of CC and midline are working fine for me version 19259 if that helps.
  • #6,808
  • Sep 18, 2019 3:21pm Sep 18, 2019 3:21pm
Quoting alblive
@r4m I know you are pretty set on the trade logic and the opposite band exit was removed. But i constantly find it a positive thing to let the trade run to the opposite band. But midline could still have a use for setting SL to Break Even (or taking profit immediately like normal, trader choice). Below im attaching some pics of what I mean. Green circles are spots the trade reached midline. Green arrows are spots the trade went to opposite band. Yellow circles are spots the trade exit by CC or by Break Even. I've spotted this frequently across all...
@alblive -- I understand there are a variety of ways to tweak a strategy -- and that applies to ALL strategies. And in the end it's the tweaking that's almost always their downfall. So we're not claiming the current trade logic is the best-of-the-best but, rather, it achieves a sweet-spot for multiple pairs across multiple time frames. So, we locked it down.

Yes, exiting at the opposite band can yield a bigger win -- except when it doesn't. The problem is you never know in advance when to let it run to the opposite band. For every trade you let run to the opposite band there will also be losers you wish had exited at the midline. Look at the data across all pairs at different points in time -- don't cherry-pick -- you'll see that exiting around the midline usually is a wise choice. If we knew in advance we could proceed to the opposite band then, of course, we would do it. But that would be the HG. And I don't want to go back to adding a bunch of options because everyone would then be trading differently and there will no longer be a way to share results.

The current strategy and logic is very, very simple -- and it works. And people understand how it works. How many 3rd-party EAs do you know of where you actually understand the logic beneath the covers? None. The value of being able to understand the simple rules of how BDX works (with the aid of the BDX indicator) shouldn't be underestimated.
  • #6,809
  • Sep 18, 2019 3:22pm Sep 18, 2019 3:22pm
Quoting alblive
I would also like to state that the both exits of CC and midline are working fine for me version 19259 if that helps.
@alblive -- good news. Thanks for letting us / me know.
  • #6,810
  • Edited 4:23pm Sep 18, 2019 4:07pm | Edited 4:23pm
Quoting robots4me
{quote} @alblive -- I understand there are a variety of ways to tweak a strategy -- and that applies to ALL strategies. And in the end it's the tweaking that's almost always their downfall. So we're not claiming the current trade logic is the best-of-the-best but, rather, it achieves a sweet-spot for multiple pairs across multiple time frames. So, we locked it down. Yes, exiting at the opposite band can yield a bigger win -- except when it doesn't. The problem is you never know in advance when to let it run to the opposite band. For every trade you let run to the opposite band there will also be losers you wish had exited at the midline. Look at the data across all pairs at different points in time -- don't cherry-pick -- you'll see that exiting around the midline usually is a wise choice. If we knew in advance we could proceed to the opposite band then, of course, we would do it. But that would be the HG. And I don't want to go back to adding a bunch of options because everyone would then be trading differently and there will no longer be a way to share results. The current strategy and logic is very, very simple -- and it works. And people understand how it works. How many 3rd-party EAs do you know of where you actually understand the logic beneath the covers? None. The value of being able to understand the simple rules of how BDX works (with the aid of the BDX indicator) shouldn't be underestimated.
When it doesn't reach opposite band doesn't matter, there will be a break even if it reached midline.
There won't be any losers, if it hit midline there would be a break even SL.
These pics weren't cherry picked. I can post pics across any of my pairs. I encourage you to show me a pic that counters what im saying.
Obviously we can't see the future for it to hit opposite band, but it is pretty empirical that most of the time it does reach opposite band.(and if it doesn't: then CC exit or Break Even SL would save us for worry free trades.)

obviously you might find some examples where im wrong. but this case is far far less likely to happen from what im seeing across all my pairs. no cherry pick.

edit: also im not afraid to say that some people should have an obligation to manually check their trades for SL adjustment as they see fit. You've handed us enough already to find the entry....(for example, i might move my SL from breakeven to midline if price has reach 75% of the way down to opposite band.)
  • #6,811
  • Sep 18, 2019 4:25pm Sep 18, 2019 4:25pm
Quoting alblive
{quote} When it doesn't reach opposite band doesn't matter, there will be a break even if it reached midline. There won't be any losers, if it hit midline there would be a break even SL. These pics weren't cherry picked. I can post pics across any of my pairs. I encourage you to show me a pic that counters what im saying. Obviously we can't see the future for it to hit opposite band, but it is pretty empirical that most of the time it does reach opposite band.(and if it doesn't: then CC exit or Break Even SL would save us for worry free trades.)...
Quote
if it hit midline there would be a break even SL.
@alblive -- well, for that matter, we could add a trailing stop, right?

Again -- yes, there are ways to squeeze-out more pips. But when given a choice between KISS or squeezing out more pips I would always choose KISS.

Since your request falls under trade or money management then you have the option of using BDX just for Entries and 3rd-party money management software to manage open trades -- there are many EAs available with all kinds of bells and whistles you could use to manage open trades. What I would be willing to do is to add a setting to the EAs whereby they ignore Exit signals and are only used to Enter trades -- and thereafter Exiting is totally in your hands.
  • #6,812
  • Sep 18, 2019 4:31pm Sep 18, 2019 4:31pm
Quoting robots4me
{quote} {quote} @alblive -- well, for that matter, we could add a trailing stop, right? Again -- yes, there are ways to squeeze-out more pips. But when given a choice between KISS or squeezing out more pips I would always choose KISS. Since your request falls under trade or money management then you have the option of using BDX just for Entries and 3rd-party money management software to manage open trades -- there are many EAs available with all kinds of bells and whistles you could use to manage open trades. What I would be willing to do is to...

This is your thread and indicator. I understand you put a lot of work into this. I'm no coder myself. I just wanted to provide my observations that I think are pretty clear on the charts. You've done us all a great service. Your decision here I have no problem at all as it is. I don't think bringing back the option to exit at opposite band would be considered "too many options" though.

as far as trailing stop, i dont like it. Price moves inconsistently and choosing how many pips to trail will vary too much and get triggered too early.
  • #6,813
  • Sep 18, 2019 4:37pm Sep 18, 2019 4:37pm
as for using third party money management, the thing is I like everything about our current EA version.
I just thought it was obvious enough that letting our winners ride would be beneficial, but if you are against that ill trust your judgement.
  • #6,814
  • Edited 5:20pm Sep 18, 2019 4:54pm | Edited 5:20pm
Quoting alblive
as for using third party money management, the thing is I like everything about our current EA version. I just thought it was obvious enough that letting our winners ride would be beneficial, but if you are against that ill trust your judgement.
@alblive -- I know you've always been supportive and I understand you want to help.

It's not that I'm against letting "winners ride". In fact, there is no such thing. Letting "winners ride" only exists when you are using an indicator and looking at historical data. And that's because in real-time you don't know in advance if a trade will be a winner or loser.

Take a look at the screen shot below -- I chose EURUSD-H1 since it was convenient. You'll see a total of 4 trades -- 3 BUYS and 1 SELL. All of them -- ALL 4 of them -- hit a CC Exit before the midline. To pretend / hope / believe they might be winners and allow them to run to the opposite band would be a very bad idea -- to say the least.
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When you look at an indicator and its hindsight data then everything looks obvious -- but in real-time the picture is different. And don't forget, everything comes with a trade-off -- always. There isn't a single tweak you could make that wouldn't also come with a negative downside.
  • #6,815
  • Edited 5:28pm Sep 18, 2019 5:16pm | Edited 5:28pm
Quoting robots4me
{quote} @alblive -- I know you've always been supportive and I understand you want to help. It's not that I'm against letting "winners ride". In fact, there is no such thing. Letting "winners ride" only exists when you are using an indicator and looking at historical data. And that's because in real-time you don't know in advance if a trade will be a winner or loser. Take a look at the screen shot below -- I chose EURUSD-H1 since it was convenient. You'll see a total of 4 trades -- 3 BUYS and 1 SELL. All of them -- ALL 4 of them -- hit a CC Exit...

You are right I dont know if winner or loser, but with what ive suggested its highly likely we either win or break even. Loses will come rarely as with any good system. I have no problem with the CC exits here. This works exactly with what I was suggesting. I like the CC exits. I also understand real time trading is different than hindsight. I also know there are tradeoffs. The tradeoff for what im requesting is that we end up with some trades ending in breakeven rather than taking the midline exit. I also feel this tradeoff is made up for with the extra pips made on other trades.

edit: added picture that shows the difference in CC exits i believe is due to different broker data. everyone will have minor differences in exits, yes?
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  • #6,816
  • Sep 18, 2019 5:47pm Sep 18, 2019 5:47pm
Quoting robots4me
{quote} @Simontw -- I've also been testing and it continues to work for me. I've even created logging to a file where I can see trades opening and closing. One problem I just now noticed with your setup -- the indicator is M5, but the EA is using H1. The EA relies on MagicNumbers and the MagicNumbers are different for M5 and H1. Also, the dots and x's signals from M5 won't match with an EA attached to an H1 chart. EDIT: The indicator has it's own Alerts based on the time frame of the chart it is attached to. For the indicator's Alerts to match with...
No I had the whole thing on 5 mins to get trades quick to test. EA was on 5min chart as was indi on a seperate 5 min chart. This is concerning then....as without the auto exits I cannot really leave it with those big SL. I might download another Mt4 and reinstall. Just in case.
EX BBMA trader focusing on REE code.
  • #6,817
  • Edited 6:47pm Sep 18, 2019 6:33pm | Edited 6:47pm
Quoting Simontw
{quote} No I had the whole thing on 5 mins to get trades quick to test. EA was on 5min chart as was indi on a seperate 5 min chart. This is concerning then....as without the auto exits I cannot really leave it with those big SL. I might download another Mt4 and reinstall. Just in case.
@simontw -- sorry, you're right.

The Alerts are not so helpful since they are coming from the indicator. What would be more interesting is the logging under the 'Trade' and 'Account History' tabs. Also, could you check the 'Experts' and 'Journal' tabs for errors or broker "requotes" or any clue as to why trades are not being closed.

I'm about to release another version that (a) writes the EA's trades to a log file, and (b) relies solely on CC for Entries (and eliminates HA transitions). I think the log file should also be able to shed some light on this problem. I'm also testing on M5 and the EA appears to faithfully execute signals from the indicator.

Quote
I might download another Mt4 and reinstall. Just in case.
I really doubt it would be MT4 -- perhaps you could exit and relaunch. But before doing that I'd be curious to learn if there were any clues under the "Experts' or 'Journal' tabs.
  • #6,818
  • Sep 18, 2019 11:47pm Sep 18, 2019 11:47pm
Quoting robots4me
{quote} What I would be willing to do is to add a setting to the EAs whereby they ignore Exit signals and are only used to Enter trades -- and thereafter Exiting is totally in your hands.
I'd rather see a manual entry mode for the single pair EA, so it acts just like the Dashboard EA but for a single pair.

I use your BDX indicator on the D1 time-frame and trade 28 pairs. I calibrate each pair according to its unique ADR and trade 100% manually. That being said, I miss the Dashboard EA's auto-close feature. I live in the Pacific time zone and the mid-line cross frequently happens during the London session, when I'm asleep!

I would just use the single pair EA but I don't enter every time the BDX ind. gives a signal.
  • #6,819
  • Sep 19, 2019 12:27am Sep 19, 2019 12:27am
Quoting robots4me
{quote} @simontw -- sorry, you're right. The Alerts are not so helpful since they are coming from the indicator. What would be more interesting is the logging under the 'Trade' and 'Account History' tabs. Also, could you check the 'Experts' and 'Journal' tabs for errors or broker "requotes" or any clue as to why trades are not being closed. I'm about to release another version that (a) writes the EA's trades to a log file, and (b) relies solely on CC for Entries (and eliminates HA transitions). I think the log file should also be able to shed some...
Thank you. I look forward to the new release It mysteriously arrived so hoping the problem will mysteriously disappear with the new version.
Cheers for all the updates and help with troubleshooting.
EX BBMA trader focusing on REE code.
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