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Monday/Tuesday Breakout EA

  • #121
  • Apr 21, 2020 1:37pm Apr 21, 2020 1:37pm
Quoting corsican
I have not read the whole 100 pages of the strategy thread and i apologize in advance if it has been discussed already (and probably has). Would it make sense to not trade during a specific week if the range of MoTu reaches a certain level of (or exceeds) the weekly average range ? (high volatility filter).
Great idea, what exactly does your backtesting show would be the appropriate percentage of AWR to use?

And maybe you could check when the MonTue range is small, do trades enter and then get stopped out due to volatility or price reversal?

What is needed is a precise, ideal setup, perhaps 2/5ths of the AWR, before entering, a guarantee in Forex is always good.

Do you have a good indicator for AWR? Maybe Paul can incorporate into the EA display; ADR would be great there too?

In a sense, the extra entry range beyond the Monday Tuesday range, prevents the situation you mention, don't you agree?
It takes a lot for me to IGNORE you, but you can try.
  • #122
  • Apr 21, 2020 1:49pm Apr 21, 2020 1:49pm
Quoting PaulDV
{quote} Thank you for trying, however poor quality tick data and fixed spread = bad back test. I've seen commercial EA's being sold for hundreds showing results like these, and when put on real accounts, or tested using quality tick data, the results are always apallingly bad. If you want 'proper' tests, you need to use 99.9% quality tick data and variable spreads.
Ive tried tickstory on another EA but didnt get it to work and took a long time to load data. Need a faster pc and another go with the setup.

Ive got it loaded on a demo to see what it does. Its extreme setting though so be amazed it works. Will see and let you know.
  • #123
  • Apr 21, 2020 2:05pm Apr 21, 2020 2:05pm
Quoting corsican
I have not read the whole 100 pages of the strategy thread and i apologize in advance if it has been discussed already (and probably has). Would it make sense to not trade during a specific week if the range of MoTu reaches a certain level of (or exceeds) the weekly average range ? (high volatility filter).
Makes sense similar to a max % daily range on an daily BO box EA I've seen before.
  • #124
  • Edited 7:38am Apr 22, 2020 1:11am | Edited 7:38am
This error message appeared but buy order already sent
Attachment g
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  • #125
  • Apr 22, 2020 2:50am Apr 22, 2020 2:50am
Quoting ta2ta2
This error message appeared but buy order already sent {image}
look at post#84...
I never lose - either I win or I learn...
  • #126
  • Apr 22, 2020 3:42am Apr 22, 2020 3:42am
Quoting jdva
{quote} look at post#84...
"Allow live trading" checkbox already checked and order placed and executed (Look at attached picture) at post#124
  • #127
  • Apr 22, 2020 10:54am Apr 22, 2020 10:54am
Quoting ta2ta2
{quote} "Allow live trading" checkbox already checked and order placed and executed (Look at attached picture) at post#124
"Look at attached picture"

The face in the top right is frowning, meaning that trading is not enabled, which would explain the error message.

As to why you would already have an active trade, I can't explain without reviewing logs etc., but it does sound odd. Have you got the EA on two charts for the same pair, with one enabled and the other not, perhaps?
"Pips are vanity. Profit is sanity."
  • #128
  • Apr 22, 2020 10:56am Apr 22, 2020 10:56am
Quoting corsican
I have not read the whole 100 pages of the strategy thread and i apologize in advance if it has been discussed already (and probably has). Would it make sense to not trade during a specific week if the range of MoTu reaches a certain level of (or exceeds) the weekly average range ? (high volatility filter).
Having some sort of filter based on AWR could be a good idea, and I can certainly code it in, but the main issue is one of data and analysis: what should the filter be set to; how should it vary from one week to the next; should it take volatility into account...these are quite difficult questions for me to answer as I'm simply not experienced enough of a trader.
"Pips are vanity. Profit is sanity."
  • #129
  • Apr 22, 2020 11:12am Apr 22, 2020 11:12am
Quoting PaulDV
{quote} "Look at attached picture" The face in the top right is frowning, meaning that trading is not enabled, which would explain the error message. As to why you would already have an active trade, I can't explain without reviewing logs etc., but it does sound odd. Have you got the EA on two charts for the same pair, with one enabled and the other not, perhaps?
Agreed with you let me explain now i know why that happened cause i'm using MQL VPS (face in the top right is frowning) and i got this error for that from the terminal and thanks for this version MA trailing stop working perfect
Thank you PaulDV for your great expert
  • #130
  • Apr 22, 2020 11:38pm Apr 22, 2020 11:38pm
Hy Paul, could you readd option for open order only if candle is closed?
Thanks
Regards
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  • #131
  • Apr 23, 2020 5:17am Apr 23, 2020 5:17am
Nice one (first):

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  • #132
  • Apr 29, 2020 9:45am Apr 29, 2020 9:45am
Paul,

i've been following your thread and the basic strategy by 4ecstasy for quite some time now. I really appreciate your hard work - thanks alot for the well done EA.

Beside trading it live on several fx pairs with mixed results (still figuring out how to choose the most promising pairs by tuesday), i gave it a shot on indices. Looking good so far:

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All trades are executed correctly except Nikkei 225 (JP225) which gives me the following error:

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I guess error 131 is related to the calculated lotsize of 526, is it?

In case you might be interested in the settings - here you go:

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Thanks much

DT
  • #133
  • Apr 29, 2020 9:52am Apr 29, 2020 9:52am
Quoting Dtde
Paul, i've been following your thread and the basic strategy by 4ecstasy for quite some time now. I really appreciate your hard work - thanks alot for the well done EA. Beside trading it live on several fx pairs with mixed results (still figuring out how to choose the most promising pairs by tuesday), i gave it a shot on indices. Looking good so far: {image} All trades are executed correctly except Nikkei 225 (JP225) which gives me the following error: {image} I guess error 131 is related to the calculated lotsize of 526, is it? In case you might...
Thank you.

Yes, error 131 means the lot size is invalid. But I see that you've set the max lot size to zero, which should cap it at the broker's maximum.

Could you show me a screenshot of the symbol's specification like this:
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Thanks.
"Pips are vanity. Profit is sanity."
  • #134
  • Apr 29, 2020 10:35am Apr 29, 2020 10:35am
Thanks for the hint, Paul. Seems like my broker has a limit of 250 lots for trading JP225:

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Any chance to get this "bug" fixed with the next update?

Thanks

DT
  • #135
  • Apr 29, 2020 3:34pm Apr 29, 2020 3:34pm
Paul

Are you using default settings? if not can u share your settings.

Thank you
  • #136
  • Apr 30, 2020 12:34am Apr 30, 2020 12:34am
Quoting Dtde
Thanks for the hint, Paul. Seems like my broker has a limit of 250 lots for trading JP225: {image} Any chance to get this "bug" fixed with the next update? Thanks DT
Will do.
"Pips are vanity. Profit is sanity."
  • #137
  • Apr 30, 2020 12:34am Apr 30, 2020 12:34am
Quoting Rogert77
Paul Are you using default settings? if not can u share your settings. Thank you
I am yes, apart from doubling the risk at the moment to 2%.
"Pips are vanity. Profit is sanity."
  • #138
  • Apr 30, 2020 5:54am Apr 30, 2020 5:54am
Another proof, that algorithms are creating the courses when there are no *** news. Take a look how some lines just lay one over the other:

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Already Monday/Tuesday defined yesterday's and today's levels. You just need to know which ones will be the ones ;-)
  • #139
  • Apr 30, 2020 11:38am Apr 30, 2020 11:38am
Nice one (second)

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  • #140
  • May 5, 2020 1:25pm May 5, 2020 1:25pm
Hi Paul,

False Breakout plays out most of times these days, could you please add order limit option so we can run it on another account and compare the result with current one? I remember some one has suggested it earlier too. TIA
Moe
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