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BTM - Expert Advisor (EA)

  • #641
  • Nov 16, 2019 6:33am Nov 16, 2019 6:33am
Quoting JoeeF
Back to shoveling hay. Regarding D-indicator. I'm looking at two indicators: TMA+CG mladen NRP TEAMTRADER2.mq4 (On the left side) TMA+CG mladen NRP.mq4 {image}
Quoting JoeeF
{quote} It seems that D-indicator and TMA+CG mladen NRP are exactly matching. {image} {image} {image} {image}
Quoting JoeeF
{quote} Another test: USDJPY {image} {image} {image} {image}
So, from the next version of the JF4XTrader I'll start to using TMA+CG mladen NRP as replacement to D-indicator.

It's important to be independent from original BTM indicators. We cannot forget December 1, 2019.

Later I'll add some features to this indicator.
And you will leave pain to take care of itself.
  • #642
  • Nov 16, 2019 6:54am Nov 16, 2019 6:54am
Regarding A, B and C indicators there is a known theory. So, let's a take a look at it.
And you will leave pain to take care of itself.
  • #643
  • Nov 16, 2019 9:05am Nov 16, 2019 9:05am
Quoting JoeeF
Regarding A, B and C indicators there is a known theory. So, let's a take a look at it.
Thanks again for your hard work
  • #644
  • Nov 16, 2019 9:27am Nov 16, 2019 9:27am
Going to participate as tester from next week. I will provide feedback periodically and regularly as long as this project going on.
Trade Explorer added: https://www.forexfactory.com/akcodin...xplorer.179540
If Joeef manage to release next version before monday morning as i can see him working on it then i will change EA before market opens.
Thanks for your willingness to share your work with us
Be Greedy
Dices Return This Week: na
  • #645
  • Nov 16, 2019 9:30am Nov 16, 2019 9:30am
Quoting cescof
{quote} Thanks again for your hard work
You are very welcome.
And you will leave pain to take care of itself.
  • #646
  • Nov 16, 2019 9:47am Nov 16, 2019 9:47am
Quoting AKCodingEye
Going to participate as tester from next week. I will provide feedback periodically and regularly as long as this project going on. Trade Explorer added: https://www.forexfactory.com/akcodin...xplorer.179540
Welcome to my thread.
I'm really looking forward for you regular feedback. I appreciate it a lot.

Quoting AKCodingEye
If Joeef manage to release next version before monday morning as i can see him working on it then i will change EA before market opens. Thanks for your willingness to share your work with us
I'm very careful with predictions of release time. The last time I was late more then two days ...

However, one thing I know for sure. It won't be at Sydney open. I need to test it a little bit before release a new version 1.02.

Take care and stay green,
Joe
And you will leave pain to take care of itself.
  • #647
  • Nov 16, 2019 10:41am Nov 16, 2019 10:41am
Quoting Mintz
My english is not good, I hope someone can understand what I mean. TQ, When we open trade, candle price close don't over centre band. BUY Signal; {image}
I noticed this too, this type of transaction is often won. In most cases, stop losss are off-bands. Joeef please think about alerts on your phone where is tp1, tp2, stop loss (between bands or not) and RR. Very important information. Not for EA but manuall trading. Very often I take transactions where tp1 and tp2 are between the bands and stop loss outside of them. It would be great to get such information on the phone
  • #648
  • Nov 16, 2019 11:03am Nov 16, 2019 11:03am
Quoting Idne
{quote} I noticed this too, this type of transaction is often won. In most cases, stop losss are off-bands. Joeef please think about alerts on your phone where is tp1, tp2, stop loss (between bands or not) and RR. Very important information. Not for EA but manuall trading. Very often I take transactions where tp1 and tp2 are between the bands and stop loss outside of them. It would be great to get such information on the phone
In the alert will be:

(1) up/down/no arrow
(2) up/down/sideways trend
(3) lower/upper band, lower/upper band slope
(4) r2,r1,pp,s1,s2
(5) ask/bid for buy/sell

You will be able to discover all required information.
And you will leave pain to take care of itself.
  • #649
  • Nov 16, 2019 11:20am Nov 16, 2019 11:20am
Quoting JoeeF
{quote} In the alert will be: (1) up/down/no arrow (2) up/down/sideways trend (3) lower/upper band, lower/upper band slope (4) r2,r1,pp,s1,s2 (5) ask/bid for buy/sell You will be able to discover all required information.
Great! Thank you!
  • #650
  • Nov 16, 2019 7:47pm Nov 16, 2019 7:47pm
Quoting Mintz
My english is not good, I hope someone can understand what I mean. TQ, When we open trade, candle price close don't over centre band. BUY Signal; {image}
I think he has a point here, To survive extreme market condition we must take the safest trades possible for the EA to work long term.

This can work with less risk taken, Taking signals below or above midline when Trend is in agreement and maybe we can TP 1 at midline closing, TP 2 at outer band.
but TP1 at midline is probabbly most likely going to happen.

regards!
  • #651
  • Nov 16, 2019 8:59pm Nov 16, 2019 8:59pm
Quoting MarkStep
{quote} I think he has a point here, To survive extreme market condition we must take the safest trades possible for the EA to work long term. This can work with less risk taken, Taking signals below or above midline when Trend is in agreement and maybe we can TP 1 at midline closing, TP 2 at outer band. but TP1 at midline is probabbly most likely going to happen. regards!
Good morning.

Thank you for your opinions and feedback. I appreciate it a lot.

regards
And you will leave pain to take care of itself.
  • #652
  • Nov 16, 2019 10:06pm Nov 16, 2019 10:06pm
Quoting JoeeF
Regarding A, B and C indicators there is a known theory. So, let's a take a look at it.
C-indicator:

BB_stops_(new_format)_1.3
BB stops is using Bollinger bands as a criteria for determining if the trend is changing as well as determining the trend direction. The usual way how it finds out the stop lines is by calculating a risk based on deviation.

You can use the color change as an indicator of current trend direction, and you can use stop line as stop loss for your orders.
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And you will leave pain to take care of itself.
  • #653
  • Nov 16, 2019 10:14pm Nov 16, 2019 10:14pm
Quoting JoeeF
{quote} C-indicator: BB_stops_(new_format)_1.3 BB stops is using Bollinger bands as a criteria for determining if the trend is changing as well as determining the trend direction. The usual way how it finds out the stop lines is by calculating a risk based on deviation. You can use the color change as an indicator of current trend direction, and you can use stop line as stop loss for your orders. {image} {image} {image}
Another test:
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And you will leave pain to take care of itself.
  • #654
  • Nov 16, 2019 10:17pm Nov 16, 2019 10:17pm
Quoting JoeeF
{quote} C-indicator: BB_stops_(new_format)_1.3 BB stops is using Bollinger bands as a criteria for determining if the trend is changing as well as determining the trend direction. The usual way how it finds out the stop lines is by calculating a risk based on deviation. You can use the color change as an indicator of current trend direction, and you can use stop line as stop loss for your orders. {image} {image} {image}
Quoting JoeeF
{quote} Another test: {image} {image} {image} {image}
It's obvious the arrows are matching. And it's obvious we'll need additional filters.

Let's start developing our own C-indicator.
And you will leave pain to take care of itself.
  • #655
  • Nov 16, 2019 11:10pm Nov 16, 2019 11:10pm
Only one note for sure.

If anyone wouldn't know it. All credentials regarding TMA+CG mladen NRP and BB_stops_(new_format)_1.3 are belonging to mladen.
And you will leave pain to take care of itself.
  • #656
  • Nov 17, 2019 12:18am Nov 17, 2019 12:18am
Quoting JoeeF
{quote} {quote} It's obvious the arrows are matching. And it's obvious we'll need additional filters. Let's start developing our own C-indicator.
OK. The arrows are matching ...

Let's continue ...
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And you will leave pain to take care of itself.
  • #657
  • Nov 17, 2019 12:27am Nov 17, 2019 12:27am
Quote
It's obvious the arrows are matching. And it's obvious we'll need additional filters.
Do not know if it can help and save some time - this indicator mathes original C indicator, already with filter. Taken from another BTM thread here. May be you can use it for the EA.
https://www.forexfactory.com/showthr...4#post12618884
Attached File(s)
File Type: mq4 C_v1.01.mq4   27 KB | 407 downloads
  • #658
  • Nov 17, 2019 12:39am Nov 17, 2019 12:39am
Quoting Loqito
{quote} Do not know if it can help and save some time - this indicator mathes original C indicator, already with filter. Taken from another BTM thread here. May be you can use it for the EA. https://www.forexfactory.com/showthr...4#post12618884 {file}
Thank you that you're trying to help me.

However, I need to understand that indicator. So, I'll create it myself.

Take care,
Joe
And you will leave pain to take care of itself.
  • #659
  • Nov 17, 2019 1:28am Nov 17, 2019 1:28am
Quoting JoeeF
{quote} OK. The arrows are matching ... Let's continue ... {image} {image} {image} {image}
C-indicator - continuation:

MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price.

Zero crossover
A "zero crossover" event occurs when the MACD series changes sign, that is, the MACD line crosses the horizontal zero axis. This happens when there is no difference between the fast and slow EMAs of the price series. A change from positive to negative MACD is interpreted as "bearish", and from negative to positive as "bullish". Zero crossovers provide evidence of a change in the direction of a trend but less confirmation of its momentum than a signal line crossover.

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And you will leave pain to take care of itself.
  • #660
  • Nov 17, 2019 2:11am Nov 17, 2019 2:11am
Quoting JoeeF
{quote} C-indicator - continuation: MACD, short for moving average convergence/divergence, is a trading indicator used in technical analysis of stock prices, created by Gerald Appel in the late 1970s. It is designed to reveal changes in the strength, direction, momentum, and duration of a trend in a stock's price. Zero crossover A "zero crossover" event occurs when the MACD series changes sign, that is, the MACD line crosses the horizontal zero axis. This happens when there is no difference between...
The arrows are matching. The time will show us if this is all that was required to do.
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And you will leave pain to take care of itself.
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