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BTM - Expert Advisor (EA)

  • #1,541
  • Dec 5, 2019 3:19am Dec 5, 2019 3:19am
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  • #1,542
  • Dec 5, 2019 3:48am Dec 5, 2019 3:48am
a little tip for everyone after my experience JoeeF be btm ea, m15 and h4 to see where the market is in the band
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  • #1,543
  • Dec 5, 2019 4:00am Dec 5, 2019 4:00am
Quoting JoeeF
Back to shoveling hay. The next step: xSuperTrend candles (mtf) indicator. (1) My the first touch with x supertrend indicator was in my MT5 Indicators and EAs thread. I created MT5 version: MT5_JFSuperTrendMTF_v2.00: https://www.forexfactory.com/showthr...5#post12146495 I created EA too: MT5_JFSuperTrend_v1.00 https://www.forexfactory.com/showthr...1#post12146771 (2) The second touch was initialized in this post: https://www.forexfactory.com/showthr...5#post12529845 (3) So...
I read some of that framaribbon and supertrend candles thread, but did not see much potential in it, and it seems it's not going anywhere...

About that x supertrend candles, I have no idea about that ea you mention - did it do good?

As far as applying it here, to C indie: overlapping, on a chart, C and xsupertrendcandles, I see that it will filter some C arrows, in some cases for the better in others it will miss some good entries.

But I don't know what is your idea here, how do you plan to apply it.
  • #1,544
  • Dec 5, 2019 4:09am Dec 5, 2019 4:09am
Quoting kette
{quote} he did it, as stated no volume down perfect I do not want to accuse you, check before you ask {image}
I am looking at this post.
Quoting kette
AC in the early morning, ea executed blue lines part sale {image}
And it's a clear uptrend. I'm just wondering how it activated a sell trade?
Anything above the line is an uptrend, below the line is a downtrend.
  • #1,545
  • Dec 5, 2019 4:15am Dec 5, 2019 4:15am
Quoting JoeeF
So, today's results. Please be aware that my results might not be complete ... (1) MinBuyR1="0.25" MinBuyR2="0.25" MinSellR1="0.25" MinSellR2="0.25" This is the first problem. Do we really want to trade with r lower than 1? I'm not sure. (2) PercentRangeFilter="90" This is the second problem. Buying near upper band and selling near lower band isn't a good idea. (3) TP1InFilter="false" The third problem. For sure. What about use only one filter: SL1OutFilter="true" In the next version 1.04 I'll add new filters: a) max opened trades for one symbol...
I think this is a good setting,
I adjusted mine with mindband true only. I havnt gotten any last trades yet since Eur/Aud and one other pair which resulted to a Win, problem is we are not getting signal as much as we want to, I will continue posting all my signals i get with this setting. If there is an arrow filter that can maybe give us an early signal bellow or above midband with great accuracy, it would be great,

If we check the charts we would see that there has been a lot of trades like this but not in real time because the bands are recalculating to whomever is wondering why they did not get alert.

regards.
  • #1,546
  • Edited 5:19am Dec 5, 2019 4:39am | Edited 5:19am
Quoting Degolep
{quote} I am looking at this post. {quote} And it's a clear uptrend. I'm just wondering how it activated a sell trade?
I can not tell you that is just as was running, other ea order that I have not shown here, will never ask because it brings nothing, everyone has another broker ecn or stp
  • #1,547
  • Dec 5, 2019 5:07am Dec 5, 2019 5:07am
Quoting kette
{quote} I can not tell you that is just as was running, other ea order that I have not shown here, will never ask because it brings nothing, everyone has another broker ecn or stp
Degolep is right.
Your AUDCAD trade is irrelevant to BTM original concept.
  • #1,548
  • Dec 5, 2019 5:31am Dec 5, 2019 5:31am
Quoting lemur6666
{quote} Degolep is right. Your AUDCAD trade is irrelevant to BTM original concept.
right, JoeeF his system, has done everything right for me, tp and sl I commit myself
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  • #1,549
  • Dec 5, 2019 5:43am Dec 5, 2019 5:43am
Quoting FxMachina
{quote} Hi tuxtrader, good points there. And how about getting rid of the pivots s's and r's and tp's and sl's based on them? I guess it would be too radical for most people here since it would change the basis of BTM... How about staying in trades as long as bands are sloping in the same direction, and have bands as tp1 and sl, or have tp1 and 2 (and sl's) functions of atr... It would be another project, I believe JoeeF and many will say... 1 or 2 days ago, I posted something like: BTM is based on a good idea, not new but good, that I and many...
Hi FxMachina, i agree with you that BTM is based on a good idea and has potential. it can be improved via smart filters but i think filters and changes shouldn't be radically. i believe Pivots as a powerful tools and guidance. it's a key element of this strategy. if you see, except SLs an TPs levels, there are many filters based on pivots on this strategy, for e.g PPFilter, TP1InFilter, TP2InFilter, SL1OutFilter, SL2OutFilter and my idea suggestion in previous post is also based on pivots. so i think Pivots cannot be removed from BTM.
  • #1,550
  • Dec 5, 2019 5:44am Dec 5, 2019 5:44am
NC
There was no signal or message for me so different can be, I have no explanation
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  • #1,551
  • Dec 5, 2019 6:28am Dec 5, 2019 6:28am
Quoting kette
NC There was no signal or message for me so different can be, I have no explanation {image}
NC had new trend change, It must be in your settings.
  • #1,552
  • Dec 5, 2019 6:40am Dec 5, 2019 6:40am
Quoting MarkStep
{quote} NC had new trend change, It must be in your settings.
Thank you for your note, I'm not talented in programming, market technology tells me that it is right
  • #1,553
  • Dec 5, 2019 7:13am Dec 5, 2019 7:13am
Quoting Degolep
{quote} How did the EA open this trade if it's an uptrend?
The EA cannot open short trade when the uptrend is presented.

I can see a lot of discussion about this trade.

Any trade can be checked in the LOG file. This is the most important thing in this discussion. Any robust system has logging subsystem. And JF4XTrader has it too.

I cannot find alert or trade on AUDCAD this night in my log file.

However, we must be careful due repainting behavior of TMA. The trade might be valid on the other data feed.

So, here is only one possibility how to check that trade. It's a log file.

regards
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And you will leave pain to take care of itself.
  • #1,554
  • Dec 5, 2019 7:19am Dec 5, 2019 7:19am
Quoting JoeeF
{quote} The EA cannot open short trade when the uptrend is presented. I can see a lot of discussion about this trade. Any trade can be checked in the LOG file. This is the most important thing in this discussion. Any robust system has logging subsystem. And JF4XTrader has it too. I cannot find alert or trade on AUDCAD this night in my log file. However, we must be careful due repainting behavior of TMA. The trade might be valid on the other data feed. So, here is only one possibility how to check that trade. It's a log file. regards {image}

AC has a downtrend in the long term
to see the day light recovery
JoeeF's ea is perfect
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  • #1,555
  • Dec 5, 2019 7:27am Dec 5, 2019 7:27am
Quoting tuxTrader
Hi BTM Traders I want to explain a situation that happens very often and i want to suggest a new filter based on this situation that can help to increase win rate of this strategy on long term. i explain two example that happened yesterday: 1- EURUSD {image} 1- EA opened two buy orders at this point based on the available "base signal". 2- both orders closed by SL1 hitting. 3- there wasn't any new "base signal" after SL hit! so i opened a new order manually at this point. 4- as you see both tp1 and tp2 was hitted and i closed order near tp2 manually (it was a bit late and if i arrived a little late, price was coming back). 5- based on new filter idea, if there was a base signal and sl hitted, and if there wasn't any new "base signal" after that and then price closed above main pivot line again, a new order should be opened at this point again(5). 2- CHFJPY {image} 1- EA opened two buy orders at this point based on the available "base signal". 2- both orders closed by SL1 hitting. 3- immediately after SL hitting i opened a new order at this point. i didn't know we were going to have a new "base signal" in the next two candles, if i knew i didn't open a new order at this point manually. 4- EA opened two new orders at this point based on the new "base signal" again. considering that we have a new "base signal" before price closed above main pivot line, so new filter shouldn't open new order at this point. if we hadn't the second "base signal" here (as in the EURUSD example), based on new filter EA should open new orders again after price closed above main pivot line. 5- i closed my manually opened order at this point. 6- one of two new orders that opened by EA yesterday, closed by hitting TP1 some minutes ago (while i was writing this post) and the second order is still running. -------------- I can do this process manually everyday, but if EA do this automatically, it will be very easy and comfortable and you will be sure you won't miss any signal based on this idea and it can improve win rate and account balance gain on long term. i appreciate your comments and feedback Regards
It's a very nice observation. Good job. Please keep posting.

We definitely need to analyze executed trades especially the lost ones.

Now I can see better why you need a "last signal counter".

In the next release 1.04 will come xSuperTrend, then money management.

And then we can take a look at this more advanced stuff. Please be sure I've noted your suggestions.

All the best.
And you will leave pain to take care of itself.
  • #1,556
  • Dec 5, 2019 7:36am Dec 5, 2019 7:36am
Quoting FxMachina
{quote} Hi tuxtrader, good points there. And how about getting rid of the pivots s's and r's and tp's and sl's based on them? I guess it would be too radical for most people here since it would change the basis of BTM... How about staying in trades as long as bands are sloping in the same direction, and have bands as tp1 and sl, or have tp1 and 2 (and sl's) functions of atr... It would be another project, I believe JoeeF and many will say... 1 or 2 days ago, I posted something like: BTM is based on a good idea, not new...
We need proceeding step by step. No one did a proper test of basic BTM trading approach till now ...

regards
And you will leave pain to take care of itself.
  • #1,557
  • Dec 5, 2019 7:39am Dec 5, 2019 7:39am
Quoting kette
{image}{image}
Please be careful here. The second down arrow is the trend change signal not base signal ...
Take care.
And you will leave pain to take care of itself.
  • #1,558
  • Dec 5, 2019 7:44am Dec 5, 2019 7:44am
Quoting kette
a little tip for everyone after my experience JoeeF be btm ea, m15 and h4 to see where the market is in the band {image}
Yes exactly. We've got filters for it:

PercentRangeFilter
TP1InFilter
TP2InFilter
SL1OutFilter
SL2OutFilter

All the best.
And you will leave pain to take care of itself.
  • #1,559
  • Dec 5, 2019 7:46am Dec 5, 2019 7:46am
Quoting JoeeF
{quote} Please be careful here. The second down arrow is the trend change signal not base signal ... Take care.

I know, in the dax it was an advantage (mp does not lie)
Thank you for your note
good work
  • #1,560
  • Dec 5, 2019 7:48am Dec 5, 2019 7:48am
Quoting FxMachina
{quote} I read some of that framaribbon and supertrend candles thread, but did not see much potential in it, and it seems it's not going anywhere...
Yes it's true.

Quoting FxMachina
About that x supertrend candles, I have no idea about that ea you mention - did it do good? As far as applying it here, to C indie: overlapping, on a chart, C and xsupertrendcandles, I see that it will filter some C arrows, in some cases for the better in others it will miss some good entries. But I don't know what is your idea here, how do you plan to apply it.
Please be a little bit patient. I'll show it in a few hours.

regards
And you will leave pain to take care of itself.
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