DislikedI posted the R-profile indicator to FF over seven years ago, open source/free of charge. https://www.forexfactory.com/showthr...33#post4496833 I stopped using it because if you read the code it does don’t calculate tpo's required for MP analysis and too CPU intensive as it would freeze the mql4 platform . That's OK, you people don't seem to care. Any way, here's the code free of charge! Read it, use it, it's open source And here is an added bonus/Plus……...it comes with a Sound Alert and Email Alert! No need for an EA, it will...Ignored
it's really an honour to have you as my guest on my thread, I have to tell you that I learned a lot from you, so thanks!!!
About the indicator you mention, that was a big help in the development of my first Market Profile EA, some months ago.
I used the iCustom (https://docs.mql4.com/indicators/icustom) mql4 function to retrieve important values from the indicator (VA range, POC...) in my EA, and I obtained a fully automatic trading system based on Market Profile.
Actually I added some more things, because just the signal to enter in a trade is not enough, you also need tell to your EA how to manage the open positions, or when to move stop loss depending on market condition.
The basic difference between an Indicator and an Export Advisor is that the second can be tested, and give you important statistical informations about the behaviour of your EA in the past years.
The final result was pretty good, this is what I obtained on EURUSD since jan 2017
https://i.ebayimg.com/images/g/Z5sAA...Lf/s-l1600.gif
https://i.ebayimg.com/images/g/9vAAA...LX/s-l1600.png
You can buy this EA here: https://www.ebay.com/itm/253713416045
So far so good...but still I was not fully satisfied:
1) the indicator is not a sliding window in time, it just resets each N hours. For instance, if you reset at 24.00, at 13:00 of day after you will only have a few 30 min bars for your calculations
2) as you say, this indicator doesn't calculate TPO, so no overlay informations
So what I did was to abandon this indicator and develop a brand new EA able to overcome the 2 major limitations above.
This EA, called Multiday Overlay Strategy, calculates lots of overlay informations, and is able to trade in parallel with 26 pairs. No need to optimize. The comprehensive testing result since Jan 2017 is this, with 76% of positive results and 210% profit:
https://c.mql5.com/31/252/multiday-o...creen-3797.png
You can find this EA for free here (microlot): https://www.mql5.com/en/market/product/30134
This Multiday Overlay Strategy EA is "open and true", that is I am showing in public how it performs on my live account. You can see all the trades in real time on the trade explorer on this page, or even subscribe to a mql5 signal, here: https://www.mql5.com/en/signals/441615
I believe this EA is really good, but at the moment it's just my idea: time will tell If I am right, just have a look sometimes at this trade explorer or signal