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BTM - Expert Advisor (EA)

  • #61
  • Nov 10, 2019 1:35am Nov 10, 2019 1:35am
Quoting 89578251
{quote} Is the EA ready for demo test?
Yes it is. However, when I release it people will start to ask questions about installation and configuration. This will be distracting me from development.

I didn't expect so many messages/emails for example.
Please be patient. Be sure I'm working on it.

By the way. The market is closed now. You want to test the EA in strategy tester? Am I right?
And you will leave pain to take care of itself.
  • #62
  • Nov 10, 2019 1:54am Nov 10, 2019 1:54am
Quoting JoeeF
{quote} Yes it is. However, when I release it people will start to ask questions about installation and configuration. This will be distracting me from development. I didn't expect so many messages/emails for example. Please be patient. Be sure I'm working on it. By the way. The market is closed now. You want to test the EA in strategy tester? Am I right?
Simply I did underestimate many distractions that have appeared.

Anyway, if someone is too hungry to try my software:

(1) Here you can find current User Guide.
(2) Here you can find my experimental EA - JFHullMA_v1.01.
And you will leave pain to take care of itself.
  • #63
  • Nov 10, 2019 7:54am Nov 10, 2019 7:54am
OK. This is the first layout of the dashboard tab.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB

The click on the icon before symbol name opens corresponding chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Image3.png Size: 22 KB
And you will leave pain to take care of itself.
  • #64
  • Nov 10, 2019 8:00am Nov 10, 2019 8:00am
Quoting JoeeF
{quote} Simply I did underestimate many distractions that have appeared. Anyway, if someone is too hungry to try my software: (1) Here you can find current User Guide. (2) Here you can find my experimental EA - JFHullMA_v1.01.
Hi Joe,
Thanks for the status update.
Ready to help where I can contribute.
One quick question before experimenting some more with JFHullMA this week.
Other than changing the XML time frame (e.g. M3 or M6), are there any special settings or limitations to using it on Renko charts?
Truly appreciate you excellent work and sharing.
All the best,
John
Perfidious Pips
  • #65
  • Nov 10, 2019 8:00am Nov 10, 2019 8:00am
Quoting JoeeF
OK. This is the first layout of the dashboard tab. {image} The click on the icon before symbol name opens corresponding chart. {image} {image}
You can configure DashboardSettings:
(1) UptrendColor
(2) DowntrendColor
(3) RangeColor
(4) ChartsTemplateName

And you can configure: DashboardAlerts:
(a) PopupAlerts
(b) EmailAlerts
(c) PushNotificationAlerts
(d) SoundAlerts
(e) SoundFileLong
(f) SoundFileShort
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 16 KB
And you will leave pain to take care of itself.
  • #66
  • Nov 10, 2019 8:04am Nov 10, 2019 8:04am
Quoting JoeeF
OK. This is the first layout of the dashboard tab. {image} The click on the icon before symbol name opens corresponding chart. {image} {image}
Looking at the example in your post...
Does the new chart open in the same time frame as dashboard tab's time frame, or in MetaTrader's default H1, something else?
Perfidious Pips
  • #67
  • Nov 10, 2019 8:07am Nov 10, 2019 8:07am
Quoting northwind
{quote} Does the new chart open in the same time frame as dashboard tab's time frame, or in MetaTrader's default H1?
It will open M15 chart.
And you will leave pain to take care of itself.
  • #68
  • Nov 10, 2019 8:12am Nov 10, 2019 8:12am
Quoting JoeeF
{quote} It will open M15 chart.
OK, great.
Thanks.
Perfidious Pips
  • #69
  • Nov 10, 2019 8:18am Nov 10, 2019 8:18am
Quoting JoeeF
{quote} You can configure DashboardSettings: (1) UptrendColor (2) DowntrendColor (3) RangeColor (4) ChartsTemplateName And you can configure: DashboardAlerts: (a) PopupAlerts (b) EmailAlerts (c) PushNotificationAlerts (d) SoundAlerts (e) SoundFileLong (f) SoundFileShort {image}
The alert will be fired when there is uptrend (D-indicator) and up arrow (C-indicator) or downtrend and down arrow.

This is basic behavior for now. This is starting point. We have to setup a basic environment. I need feedback from users.

Later we'll continue step by step.
And you will leave pain to take care of itself.
  • #70
  • Nov 10, 2019 8:23am Nov 10, 2019 8:23am
Quoting northwind
{quote} OK, great. Thanks.
I can open any period I want. However, M15 is for BTM approach obvious.
And you will leave pain to take care of itself.
  • #71
  • Nov 10, 2019 10:17am Nov 10, 2019 10:17am
Quoting Bachata
How do you trade this system?any tips? {image}
Please read this thread and the original thread.
regards
And you will leave pain to take care of itself.
  • #72
  • Nov 10, 2019 12:56pm Nov 10, 2019 12:56pm
The third step. Identification of pivots.

If I can properly understand original BTM approach:

(1) Base line is Pivot
(2) For Buy signal: TP1=R1, TP2=R2 and SL=S1
(3) For Sell signal: TP1=S1, TP2=S2 and SL=R1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
Click to Enlarge Name: Image2.png Size: 19 KB
Click to Enlarge Name: Image3.png Size: 18 KB
And you will leave pain to take care of itself.
  • #73
  • Nov 10, 2019 1:23pm Nov 10, 2019 1:23pm
Quoting JoeeF
The third step. Identification of pivots. If I can properly understand original BTM approach: (1) Base line is Pivot (2) For Buy signal: TP1=R1, TP2=R2 and SL=S1 (3) For Sell signal: TP1=S1, TP2=S2 and SL=R1 {image} {image} {image}
(1) Base line is Pivot
(2) For Buy signal: TP1=R1, TP2=R2 and SL=S1
(3) For Sell signal: TP1=S1, TP2=S2 and SL=R1

This is ideal situation.

Anyway, if we've got:
The suggested entry is above TP1.

(1) Pass it?
(2) Use as target TP2 and as SL TP1 (Base line)?
(3) Anything else?

I know. This is a complex question that require extensive testing. However, I'm trying to find some clever solution for the first release. We need to start. Any suggestions?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 21 KB
And you will leave pain to take care of itself.
  • #74
  • Nov 10, 2019 1:25pm Nov 10, 2019 1:25pm
Quoting JoeeF
The third step. Identification of pivots. If I can properly understand original BTM approach: (1) Base line is Pivot (2) For Buy signal: TP1=R1, TP2=R2 and SL=S1 (3) For Sell signal: TP1=S1, TP2=S2 and SL=R1 {image} {image} {image}
It would be good to have options to choose from. Do we want to close transactions on tp 1 or tp2, or 50% on tp 1 and 50% on tp 2. It would be good to have a choice between stop loss whether it will be between bands or not. Because in my experience, if tp1 and tp2 are between the bands and stop loss outside of them then most of the transactions are won.
  • #75
  • Nov 10, 2019 1:28pm Nov 10, 2019 1:28pm
Quoting JoeeF
{quote} (1) Base line is Pivot (2) For Buy signal: TP1=R1, TP2=R2 and SL=S1 (3) For Sell signal: TP1=S1, TP2=S2 and SL=R1 This is ideal situation. Anyway, if we've got: The suggested entry is above TP1. (1) Pass it? (2) Use as target TP2 and as SL TP1 (Base line)? (3) Anything else? I know. This is a complex question that require extensive testing. However, I'm trying to find some clever solution for the first release. We need to start. Any suggestions? {image}
Yes like this example. Tp 1 and tp 2 between bands and SL out the bands. Very often win with this setting
  • #76
  • Nov 10, 2019 1:31pm Nov 10, 2019 1:31pm
Quoting Idne
{quote} It would be good to have options to choose from. Do we want to close transactions on tp 1 or tp2, or 50% on tp 1 and 50% on tp 2. It would be good to have a choice between stop loss whether it will be between bands or not. Because in my experience, if tp1 and tp2 are between the bands and stop loss outside of them then most of the transactions are won.
Quoting Idne
{quote} Yes like this example. Tp 1 and tp 2 between bands and SL out the bands. Very often win with this setting
Suggested entry is above tp1 ...
What to do?
And you will leave pain to take care of itself.
  • #77
  • Nov 10, 2019 1:37pm Nov 10, 2019 1:37pm
Quoting Idne
{quote} It would be good to have options to choose from. Do we want to close transactions on tp 1 or tp2, or 50% on tp 1 and 50% on tp 2. It would be good to have a choice between stop loss whether it will be between bands or not. Because in my experience, if tp1 and tp2 are between the bands and stop loss outside of them then most of the transactions are won.
I really appreciate your feedback. I can see you are an experienced user of original method.
And you will leave pain to take care of itself.
  • #78
  • Nov 10, 2019 1:38pm Nov 10, 2019 1:38pm
Quoting JoeeF
{quote} {quote} Suggested entry is above tp1 ... What to do?
If the signal is above tp 1 then Ea should not take this transaction. Very often when you touch tp 1 the graph goes the other way
  • #79
  • Nov 10, 2019 1:39pm Nov 10, 2019 1:39pm
Quoting Idne
{quote} Yes like this example. Tp 1 and tp 2 between bands and SL out the bands. Very often win with this setting
Unfortunately, in that particular example, due to the huge volatility candles, the risk/reward ratio is quite skewed to the downside (very big risk for very little reward). Is it possible to filter out this kind of scenario? I've not had much experience with this strategy, so I cannot advise. Maybe a check to see if the RRR is atleast 1:1 (just as an example). A flexible parameter to allow users select their minimum RRR (to filter out trades) could be useful. I'm not trying to complicate things but just sharing my thoughts.
Simplicity Is The Ultimate Sophistication!
  • #80
  • Nov 10, 2019 1:44pm Nov 10, 2019 1:44pm
Quoting Idne
{quote} If the signal is above tp 1 then Ea should not take this transaction. Very often when you touch tp 1 the graph goes the other way
Thank you. Very valuable feedback.
And you will leave pain to take care of itself.
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