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Trade Outside the Box (TOTB)

  • #481
  • Apr 15, 2020 12:33am Apr 15, 2020 12:33am
Quoting ajs5274
{quote} A free one i use on my live account. Very comprehensive. https://www.earnforex.com/position-size-calculator/
Leverage is not included in the calculation.
Please excuse the bad English via Google Translate.
  • #482
  • Apr 15, 2020 3:33am Apr 15, 2020 3:33am
Quoting dokopy
{quote} Leverage is not included in the calculation.
Use the actual mt4 or mt5 indicator.

https://www.earnforex.com/metatrader...ze-Calculator/
  • #483
  • Apr 15, 2020 6:21am Apr 15, 2020 6:21am
Thanks!
Please excuse the bad English via Google Translate.
  • #484
  • Apr 15, 2020 10:39am Apr 15, 2020 10:39am
Quoting SwingMan
{quote} I posted something about correlations a few years ago, if someone is interested: {image} {file}
I've recently been looking into this myself,
I've identified six pairs that I'm interested in,
each chart is more or less identical,
if you have any information that you could point me in the right direction.
I would gladly like to read up about the correlation of pairs,
I would, of course, sharing any information
thanks in advance.
  • #485
  • Apr 15, 2020 1:06pm Apr 15, 2020 1:06pm
Dont know about ea and back testing but live on demo this has worked well in the last 2 weeks
  • #486
  • Apr 15, 2020 5:43pm Apr 15, 2020 5:43pm
Quoting SwingMan
{quote} In #Post 258, version 6.1 (https://www.forexfactory.com/showthr...8#post12845638) I wrote a short explanation. You might see that I'm just trying to program Emma's recommendations. There are many other ideas and possibilities and I don't want to spend too much time on them. For this reason, I also wrote that Emma should write his opinion about a DB because some members in PMs suggested it, and especially for alerts, and that's a good thing. Actually I am working on another interesting idea related to Box Breakouts,...
@SwingMan Have you considered that you would implement alerts for your red/green circle? I and I'm sure a lot of other members would greatly benefit from alerts. Thank you.
Anything above the line is an uptrend, below the line is a downtrend.
  • #487
  • Apr 16, 2020 12:37am Apr 16, 2020 12:37am
Quoting Degolep
...@SwingMan Have you considered that you would implement alerts for your red/green circle? I and I'm sure a lot of other members would greatly benefit from alerts. Thank you.
New Version "TradeOutsideTheBox v7.1"

OK, I tried to program the alerts a few days ago
Unfortunately I haven't had the time to test properly and I think there are still some problems.
Please test and report if there are bugs.
Attached File(s)
File Type: ex4 TradeOutsideTheBox v7.1.ex4   57 KB | 452 downloads
  • #488
  • Edited 7:48am Apr 16, 2020 1:12am | Edited 7:48am
Quoting SwingMan
{quote} New Version "TradeOutsideTheBox v7.1" OK, I tried to program the alerts a few days ago Unfortunately I haven't had the time to test properly and I think there are still some problems. Please test and report if there are bugs. {file}
Thank you!
Anything above the line is an uptrend, below the line is a downtrend.
  • #489
  • Apr 16, 2020 8:10am Apr 16, 2020 8:10am
I was always a fan of fibo levels (knowing that most bank programs use them as well). Here is another great example from today:

Attached Image


..cannot be coincidence...
  • #490
  • Apr 16, 2020 11:23am Apr 16, 2020 11:23am
Quoting SwingMan
{quote} New Version "TradeOutsideTheBox v7.1" OK, I tried to program the alerts a few days ago Unfortunately I haven't had the time to test properly and I think there are still some problems. Please test and report if there are bugs. {file}
All alerts work like a charm. I'm using M15 for entry. It's just this happened a few times today that I get two alerts candle after candle. If you could fix this, other than this it works great. Good job.
Attached Image (click to enlarge)
Click to Enlarge Name: 2.png Size: 129 KB
Anything above the line is an uptrend, below the line is a downtrend.
  • #491
  • Apr 16, 2020 12:19pm Apr 16, 2020 12:19pm
Quoting SwingMan
{quote} New Version "TradeOutsideTheBox v7.1" OK, I tried to program the alerts a few days ago Unfortunately I haven't had the time to test properly and I think there are still some problems. Please test and report if there are bugs. {file}
thx @SwingMan for v7.1
could you please change parameters for signal?


Attached Image (click to enlarge)
Click to Enlarge Name: Signal.JPG Size: 124 KB
  • #492
  • Apr 16, 2020 2:55pm Apr 16, 2020 2:55pm
Quoting Isabella_D
...could you please change parameters for signal?
I don't understand what you mean, but I suppose that you mean the cross.
The author recommends the open after the close.

One can make a switch in the program and no private changes, other than the author used.
Something like this: https://www.forexfactory.com/showthr...9#post12878479
  • #493
  • Apr 16, 2020 3:03pm Apr 16, 2020 3:03pm
Quoting Degolep
...It's just this happened a few times today that I get two alerts candle after candle. If you could fix this, other than this it works great. Good job.
Thanks for the observation!
It is not easy to correct the bug, but it is not bad to draw your attention twice when you fell asleep ...
  • #494
  • Apr 17, 2020 3:58am Apr 17, 2020 3:58am
Thanks Swingman, the addition of the position sizing calculation is a great addition. this indicator is nearly perfect, Whats the chances this can be made into an EA in the near future as it seems to have everything it needs?
  • #495
  • Apr 17, 2020 4:35am Apr 17, 2020 4:35am
Quoting nihilist23uk
...Whats the chances this can be made into an EA in the near future as it seems to have everything it needs?
But you have @jado's EA https://www.forexfactory.com/showthr...8#post12858138
  • #496
  • Apr 17, 2020 5:29am Apr 17, 2020 5:29am
Quoting SwingMan
{quote} But you have @jado's EA https://www.forexfactory.com/showthr...8#post12858138
Yes, but the position size calculation per trade for an ea would be awesome and its all there in the indicator ready to go.
All I know is forward testing using the indicator has been very positive so to get exact same results from an ea built on this indicator makes total sense.

What do you think ?
  • #497
  • Apr 17, 2020 5:54am Apr 17, 2020 5:54am
Quoting nihilist23uk
...Yes, but the position size calculation per trade for an ea would be awesome and its all there in the indicator ready to go. All I know is forward testing using the indicator has been very positive so to get exact same results from an ea built on this indicator makes total sense. What do you think ?
If so, the easiest way for me is that @jado implement money management in the EA...
  • #498
  • Apr 17, 2020 7:57am Apr 17, 2020 7:57am
Quoting nihilist23uk
{quote} Yes, but the position size calculation per trade for an ea would be awesome and its all there in the indicator ready to go. All I know is forward testing using the indicator has been very positive so to get exact same results from an ea built on this indicator makes total sense. What do you think ?
My Stop loss is a fail safe fixed value, the EA will close the trade automatically when a bar closes on the opposite side of the box. How is the risk calculated now?
No one came back with positive feedback from the EA testing yet.. why not try that first before worrying about lot size.
Also, guys I'm not a programmer by trade I'm an EE who like to program and no where near what SM can do
  • #499
  • Apr 17, 2020 10:49am Apr 17, 2020 10:49am
Position/Risk size will be important for the success of this EA. it will need to be implemented as OP has stated. This needs to be traded across at least 5 pairs so you cant be trading same lot size on different pairs with varying box size. No point in winning 5 trades and one big loss will wipe all the gains out.
Risk needs to be managed and Swingman's calculation works well and forward testing has been positive so far.

Maybe you guys could collaborate or share code between you. You have both done great work, just needs bringing together.

wish I could program, total respect to both of you.
  • #500
  • Apr 17, 2020 11:01am Apr 17, 2020 11:01am
Quoting SwingMan
{quote} If so, the easiest way for me is that @jado implement money management in the EA...
SM, Would you share the equation for the lot calculations and I'll do my best to implement.
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