Auction Market Value Theory & Analytics Expert Advisor

Hi mzvega,

it's really an honour to have you as my guest on my thread, I have to tell you that I learned a lot from you, so thanks!!!

About the indicator you mention, that was a big help in the development of my first Market Profile EA, some months ago.

I used the iCustom (https://docs.mql4.com/indicators/icustom) mql4 function to retrieve important values from the indicator (VA range, POC...) in my EA, and I obtained a fully automatic trading system based on Market Profile.
Actually I added some more things, because just the signal to enter in a trade is not enough, you also need tell to your EA how to manage the open positions, or when to move stop loss depending on market condition.
The basic difference between an Indicator and an Export Advisor is that the second can be tested, and give you important statistical informations about the behaviour of your EA in the past years.

The final result was pretty good, this is what I obtained on EURUSD since jan 2017

https://i.ebayimg.com/images/g/Z5sAA...Lf/s-l1600.gif

https://i.ebayimg.com/images/g/9vAAA...LX/s-l1600.png

You can buy this EA here: https://www.ebay.com/itm/253713416045


So far so good...but still I was not fully satisfied:

1) the indicator is not a sliding window in time, it just resets each N hours. For instance, if you reset at 24.00, at 13:00 of day after you will only have a few 30 min bars for your calculations
2) as you say, this indicator doesn't calculate TPO, so no overlay informations

So what I did was to abandon this indicator and develop a brand new EA able to overcome the 2 major limitations above.

This EA, called Multiday Overlay Strategy, calculates lots of overlay informations, and is able to trade in parallel with 26 pairs. No need to optimize. The comprehensive testing result since Jan 2017 is this, with 76% of positive results and 210% profit:

https://c.mql5.com/31/252/multiday-o...creen-3797.png


You can find this EA for free here (microlot): https://www.mql5.com/en/market/product/30134


This Multiday Overlay Strategy EA is "open and true", that is I am showing in public how it performs on my live account. You can see all the trades in real time on the trade explorer on this page, or even subscribe to a mql5 signal, here: https://www.mql5.com/en/signals/441615


I believe this EA is really good, but at the moment it's just my idea: time will tell If I am right, just have a look sometimes at this trade explorer or signal

It seems that August was a good month:-)

There was a big market movement around oct 10th, involving many pairs with GBP. it is not yet finished. The EA reacted as expected, some pairs have already trailing stop set.
Let' see...

Hi all,
I developed a new version of the Expert Advisor.
In fact, after some months of observation, I noticed that some pairs performed extremely well (e.g. GBPAUD), while others performed rather bad (e.g. USDJPY).
After discussing with some expert friends (thanks a lot!) I concluded that each pair may have:
- a specific optimal width in pips for the "brick", that is the elementary building block used for all Overlay calculations (expressed as a fraction of ATR);
- a specific optimal time lenght for the long term Overlay calculations (expressed in 30 mins multiple).

So, the new version allow to set these specific 2 values for each of the pairs.
I found the optimal values for each pair using optimization in the last two years.

The new version is running since Jan 5th, and can be observed with the trade explorer on this page.

In attach a screenshot of my Expert Advisor running on Metatrader

If somebody is interested in testing it please do not hesitate to send me a message

another pic