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BTM - Expert Advisor (EA)

GBPCAD
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There is a method to the madness.
Quoting JoeeF
{quote} Abbreviations used: tp1 - take profit #1 tp2 - take profit #2 sl1 - stop loss #1 sl2 - stop loss #2 rwd - reward (points) rsk - risk (points) in - inside of the bands out - outside of the bands pp - pivot mb - mid band r - reward/risk {image}
Looks very good, for me this pictures have everything what i need. Good job JoeeF
Quoting JoeeF
GBPCAD {image} {image}
This trade someone might take by hand I think.
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There is a method to the madness.
Quoting Idne
{quote} Looks very good, for me this pictures have everything what i need. Good job JoeeF
Yes. I think so too.

We can later improve it ...
regards
There is a method to the madness.
I think it would be great if we can choose something like a % RR.
Like GBPCAD : risk 516, rwd : 418
It's 81% return (418 / 518)
It's good to take by hand I think.

So, if we set 80% in the EA settings, EA will take trade if return is above 80%.
Quoting rezz.
I think it would be great if we can choose something like a % RR. Like GBPCAD : risk 516, rwd : 418 It's 81% return (418 / 518) It's good to take by hand I think. So, if we set 80% in the EA settings, EA will take trade if return is above 80%.
Please, wait a minute. In few minutes I'll show all filters I'm testing for a new release.

min value of reward/risk

MinBuyR
MinSellR

regards
There is a method to the madness.
Quoting JoeeF
{quote} This trade someone might take by hand I think. {image}
Sometimes it is better to wait after a signal. For example: with the original BTM method for a buy signal, we were told to maybe wait for price to touch the pivot point. This was only for more security, not a rule. If buy signal came and price was under pivot, we can buy right away. If buy signal comes when price is above pivot, we can wait for a retrace and then buy.
But this is only doable by hand I guess.
I believe so I exist
Quoting Cologne
{quote} Sometimes it is better to wait after a signal. For example: with the original BTM method for a buy signal, we were told to maybe wait for price to touch the pivot point. This was only for more security, not a rule. If buy signal came and price was under pivot, we can buy right away. If buy signal comes when price is above pivot, we can wait for a retrace and then buy. But this is only doable by hand I guess.
Yes. You can make always your own decision after alert ...

Thank you,
Best.
There is a method to the madness.
Quoting JoeeF
{quote} Please, wait a minute. In few minutes I'll show all filters I'm testing for a new release. min value of reward/risk MinBuyR MinSellR regards
Oh, great !
Quoting baxter01
what do we have till now..?..a lot of "technical remarks"
We can't eliminate this. I think.

Quoting baxter01
.. some indicator replacement discussions...
This is very important. I'm testing xSupertTrend indicator for example. It coming soon.

Quoting baxter01
trade observations and notifications..
I really strongly encourage everyone to discuss about trades.

(1) Executed automatically by ES
(2) Executed by hand after alert from ES dashboard tab.

Quoting baxter01
EA handling questions but
This is very important again.

We'll help anyone with proper attitude.

regards
There is a method to the madness.
So, here we've got the first set of filters:

MinBuyR, MinSellR: min value of reward/risk
MidBandFilter: if true - ask below Mid Band for buy, bid above Mid Band for sell
PPFilter: if true - ask below Pivot for buy, bid above Pivot for sell
PercentRangeFilter: buy only within this % range from lower band, sell only within this % range from upper band
TP1InFilter: tp1 have to be between bands
SL1OutFilter: sl1 have to be outside of bands
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There is a method to the madness.
Quoting JoeeF
PercentRangeFilter: buy only within this % range from lower band, sell only within this % range from upper band {image}
A bit not clear. Anyone who understands this can assist to shed more light. Thanks.
Simplicity Is The Ultimate Sophistication!
Quoting Impenia
{quote}A bit not clear. Anyone who understands this can assist to shed more light. Thanks.
If distance between upper and lower band are 100 pips, u set 30%, EA only take buy trade if price of signal candle lower or equal to upper band - 30 pips, oops wrong answer
Quoting Impenia
{quote}A bit not clear. Anyone who understands this can assist to shed more light. Thanks.
PercentRangeFilter=20; for example

It will buy only if ask is below 20% border.
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There is a method to the madness.
Quoting JoeeF
So, here we've got the first set of filters: MinBuyR, MinSellR: min value of reward/risk MidBandFilter: if true - ask below Mid Band for buy, bid above Mid Band for sell PPFilter: if true - ask below Pivot for buy, bid above Pivot for sell PercentRangeFilter: buy only within this % range from lower band, sell only within this % range from upper band TP1InFilter: tp1 have to be between bands SL1OutFilter: sl1 have to be outside of bands {image}
Perfect! many good filters!
Quoting trieuVhh
{quote} If distance between upper and lower band are 100 pips, u set 30%, EA only take buy trade if price of signal candle lower or equal to upper band - 30 pips
In your example: border is lower band + 30

For buy ask has to be below this border.
There is a method to the madness.
Double post. Ignore please.
Simplicity Is The Ultimate Sophistication!
Quoting JoeeF
So, here we've got the first set of filters: MinBuyR, MinSellR: min value of reward/risk MidBandFilter: if true - ask below Mid Band for buy, bid above Mid Band for sell PPFilter: if true - ask below Pivot for buy, bid above Pivot for sell PercentRangeFilter: buy only within this % range from lower band, sell only within this % range from upper band TP1InFilter: tp1 have to be between bands SL1OutFilter: sl1 have to be outside of bands {image}
Believe me, your EA will be a holy grail, Joe. Im not have to be Nostradamus to see that
  • Post #819
  • Quote
  • Edited at 12:13pm Nov 19, 2019 11:33am | Edited at 12:13pm
Joeef, I know you have a lot of work, but I looked through an old topic. And there is an important point.
TIPS 5: If you are going to open a trade with 1 lot, place two order with 0.5 lot, when 60% of tp done, make them break even, when tp1 hit, close one of your trade and let other one hit tp2 ( safe trade method). I am sending pictures from the old topic (from user Ladd, he used old dashboard) , which EA set to tp2 only. without tp 1. Very good results. Maybe it could be set so that when tp1 is between the bands, EA will automatically activate two command one on tp 1 second on tp2 and when tp1 is reached or it is 60% then tp 1 and tp2 move to BE? It would be a shame not to use the tp2 option when it is possible to achieve it. BTM had a very good RR because it set up two transactions and one of them was set to tp2. of course this would be the only option because maybe some just need tp1 to reach their goals. What do you think about it ?
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Quoting Idne
Joeef, I know you have a lot of work, but I looked through an old topic. And there is an important point. TIPS 5: If you are going to open a trade with 1 lot, place two order with 0.5 lot, when 60% of tp done, make them break even, when tp1 hit, close one of your trade and let other one hit tp2 ( safe trade method). I am sending pictures from the old topic, which EA set to tp2 only. without tp 1. Very good results. Maybe it could be set so that when tp1 is between the bands, EA will automatically activate two command one on tp 1 second on tp2 and...
Some traders will agree. Some no. Some traders (very known) believe that moving SL to BE isn't a good behavior.

Be sure we'll implement this. We'll implement all Tips from original BTM thread.

However, we have to follow step by step roadmap.

In this release - 1.02 we'll implement much better entry management. And a lot of others improvements as very reliable alerts from EA dashboard for example.

And we need implement xSuperTrend indicator as C-indicator.

regards
There is a method to the madness.
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