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BTM - Expert Advisor (EA)

  • #421
  • Nov 13, 2019 9:31am Nov 13, 2019 9:31am
Quoting trieuVhh
{quote} - That why btm system is a good strategy for newbie, blind trade and u still profitable, with some technical analysis, pro can also trade reversal style with great success. - Im just a noob here, all praise to Joe and BTM (not trolling at all) - After testing, do u have any idea, any indicator can make BTM system/EA even better, thank
you're right with the indicator, I'm for that you should do it separately on another chart and compare, thank you
  • #422
  • Nov 13, 2019 9:32am Nov 13, 2019 9:32am
Quoting kette
dow {image} {image}
I'd like to believe this trade was taken manually, right?
Simplicity Is The Ultimate Sophistication!
  • #423
  • Edited 9:48am Nov 13, 2019 9:35am | Edited 9:48am
Quoting Impenia
{quote} I'd like to believe this trade was taken manually, right?
yes of course, then I would have written that the ea has done it
Attached Image (click to enlarge)
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  • #424
  • Nov 13, 2019 10:12am Nov 13, 2019 10:12am
Not sure that it can be done within one EA and already know, that JoeeF has a lot of ideas to add for the next edition. But, just some thoughts: current strategy seems to be OK and let it be as Strategy1. Strategy2 can be aimed to TP2 at S2/R2 with the same logic concerning R/R ratio (distance from price to TP2 should be more than distance from price to SL). For Strategy2, the price also should be below/above S1/R1 with BE at S1/R1. And S1/R1 should be inside the bands. At its best, both strategies do exist in one EA (different magic numbers)and both of them or just only one can be chosen by user.
  • #425
  • Nov 13, 2019 10:38am Nov 13, 2019 10:38am
EURGBP
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And you will leave pain to take care of itself.
  • #426
  • Nov 13, 2019 10:40am Nov 13, 2019 10:40am
Quoting JoeeF
EURGBP {image} {image}
Did not take it
I believe so I exist
  • #427
  • Nov 13, 2019 10:42am Nov 13, 2019 10:42am
Quoting JoeeF
EURGBP {image} {image}
For EA no entry.

Someone might enter by hand ...
And you will leave pain to take care of itself.
  • #428
  • Nov 13, 2019 10:47am Nov 13, 2019 10:47am
NZDJPY
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And you will leave pain to take care of itself.
  • #429
  • Nov 13, 2019 10:49am Nov 13, 2019 10:49am
Quoting JoeeF
NZDJPY {image} {image}
This is again easy no entry. At upper band.
And you will leave pain to take care of itself.
  • #430
  • Nov 13, 2019 11:36am Nov 13, 2019 11:36am
Quoting JoeeF
{quote} This is again easy no entry. At upper band.
JoeeF, may I ask if this smart kid be used for scalping?
  • #431
  • Nov 13, 2019 11:48am Nov 13, 2019 11:48am
GBPUSD
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And you will leave pain to take care of itself.
  • #432
  • Nov 13, 2019 11:51am Nov 13, 2019 11:51am
Quoting JoeeF
GBPUSD {image} {image} {image}
2019.11.13 18:45:03, INFO: symbol:GBPUSD, ask:1.28466, r1:1.28735, s1:1.28150, reward:269.3, risk:315.7

No entry by EA. It's at threshold.

Anyway, we've got this trade from yesterday. And this is the second confirmation ...
And you will leave pain to take care of itself.
  • #433
  • Nov 13, 2019 11:54am Nov 13, 2019 11:54am
Quoting SOGabillions
{quote} JoeeF, may I ask if this smart kid be used for scalping?
I'm not able to answer this question.
For now, we're trying to mimic the original BTM trading approach - M15 -H4.

Edit:
The EA doesn't expect that you try use other then M15 period. I didn't implement it.
And you will leave pain to take care of itself.
  • #434
  • Nov 13, 2019 11:55am Nov 13, 2019 11:55am
Quoting JoeeF
{quote} 2019.11.13 18:45:03, INFO: symbol:GBPUSD, ask:1.28466, r1:1.28735, s1:1.28150, reward:269.3, risk:315.7 No entry by EA. It's at threshold. Anyway, we've got this trade from yesterday. And this is the second confirmation ...
Took it by hand. Not very clear.
I believe so I exist
  • #435
  • Nov 13, 2019 12:09pm Nov 13, 2019 12:09pm
hello joeef first of all thanks again for your availability. I wanted to ask you if it was possible to implement an automatic position calculator based on the money you decide to put into play for each position. I'll explain why I ask this. I have been using this system since BTM made it public and have noticed that about 75% of the positions are winning if they are opened according to the rules. So there are about 3 winning positions and 1 loser. Let's say you win 3 positions of the AUD pairs and I get a 30 pips reward and I have a gbpnzd loss of 90 pips. with only one losing position I bring to 0 my gain. If we calculate the positions based on our initial choice for example for each position I want a loss of $ 30, in the end we will be a gain and not in balance. This is what I implemented in my manual work with this system.
in a nutshell calculate the size of each position based on the stop loss value so as to give the same risk to each trade. Sorry if for English but I use a translator
  • #436
  • Nov 13, 2019 12:20pm Nov 13, 2019 12:20pm
Quoting mariozcnet
hello joeef first of all thanks again for your availability. I wanted to ask you if it was possible to implement an automatic position calculator based on the money you decide to put into play for each position. I'll explain why I ask this. I have been using this system since BTM made it public and have noticed that about 75% of the positions are winning if they are opened according to the rules. So there are about 3 winning positions and 1 loser. Let's say you win 3 positions of the AUD pairs and I get a 30 pips reward and I have a gbpnzd loss...
I think your English is perfect. I agree with your view and I believe JoeeF already has this in view for implementation in subsequent updates. A percentage risk (or $ risk) per trade calculated based on SL would be perfect.
Simplicity Is The Ultimate Sophistication!
  • #437
  • Nov 13, 2019 12:25pm Nov 13, 2019 12:25pm
And the translator that is good at translating
currently for my manual trading i am using this

https://www.earnforex.com/metatrader...ze-Calculator/
Attached File(s)
File Type: mqh Defines.mqh   4 KB | 211 downloads
File Type: mq4 PositionSizeCalculator.mq4   25 KB | 224 downloads
File Type: mqh PositionSizeCalculator.mqh   330 KB | 210 downloads
  • #438
  • Edited 12:58pm Nov 13, 2019 12:48pm | Edited 12:58pm
Hi Guys,

First trade opened by the EA on Gu below my daily pivot,

All the best
Cheers.
Attached Image(s) (click to enlarge)
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Trade to trade another day
  • #439
  • Nov 13, 2019 12:53pm Nov 13, 2019 12:53pm
are we already going now for "strategy improvement" or additional features like position sizing, scaling out method etc..,testing other timeframe etc..??

I think our "database" is not good enough to know what works best. I appreciate any kind of "technical improvements " but would love to see some

performance statistics to go further. Seriously it`s not me to decide..it`s JoeeF with his excellent knowledge.... What about the experiences of the more

advanced "BTM-Traders" ?? It might help a lot. (and English is not my native language..)
  • #440
  • Nov 13, 2019 1:13pm Nov 13, 2019 1:13pm
Quoting baxter01
are we already going now for "strategy improvement" or additional features like position sizing, scaling out method etc..,testing other timeframe etc..?? I think our "database" is not good enough to know what works best Seriously it`s not me to decide..it`s JoeeF with his excellent knowledge.... What about the experiences of the more advanced "BTM-Traders" ?? It might help a lot. (and English is not my native language..)
.
Quote
I appreciate any kind of "technical improvements " but would love to see some performance statistics to go further.

You have it spot on. I see many requests for improvements but no performance statistics from lazy testers. Joe I really suggest that you look at performance as is rather than flash improvements from quick testers. Your best improvements will come from testers that are walking the walk with you.

All the best Bud.

Cheers.
Trade to trade another day
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