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Follow the Candles

  • #921
  • Sep 24, 2020 7:42am Sep 24, 2020 7:42am
When I change the settings, the EA turns gray ???
  • #922
  • Sep 24, 2020 7:45am Sep 24, 2020 7:45am
Quoting northwind
mrdfx, As part of experimenting with the EA, I tried changing parameters of an EA that had already opened trades. Changed the start time ahead by 5 minutes and the EA opened new trades and managed them with the same magic number, adding to the basket totals. Changed the lot sizes and new trades opened with new lot sizes. Changed the TP % and EAs adjusted for the new values. All this on the fly after trades were opened. This is a very robust, flexible EA. It looks like it can be adapted for trading long-term, intermediate-term and scalping. Thank...
When I change the settings, the EA turns gray ???
  • #923
  • Sep 24, 2020 8:12am Sep 24, 2020 8:12am
Hi mrdfx,

I think this is a terrific piece of work you have created.
Thank you.

Found what may be a bug in the EA.
To make sure I didn't miss something, I will go back and triple check the settings.

There are 28 pairs in the EA.
There are 4 separate EAs set to open orders every 15 minutes, each with unique magic number.
For some reason this particular instance decided to open double the number of orders.
The other 3 instances worked correctly.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 20 KB

Thank you,
NW
Perfidious Pips
  • #924
  • Sep 24, 2020 8:38am Sep 24, 2020 8:38am
Quoting sasha1
When I change the settings, the EA turns gray ???
Yes, EA screen will briefly turn gray while it recalculates and then turn colors again.
Usually less than 30 seconds.
Perfidious Pips
  • #925
  • Sep 24, 2020 8:56am Sep 24, 2020 8:56am
Quoting northwind
Hi mrdfx, I think this is a terrific piece of work you have created. Thank you. Found what may be a bug in the EA. To make sure I didn't miss something, I will go back and triple check the settings. There are 28 pairs in the EA. There are 4 separate EAs set to open orders every 15 minutes, each with unique magic number. For some reason this particular instance decided to open double the number of orders. The other 3 instances worked correctly. {image} Thank you, NW
OK, i think I figured out what happened.
During the 1 minute to open trades, the candle for 19 pairs switched up/down/up or down/up/down in the shortest timeframe.
And EA recognized the changes as new signals to open trades.
Perfidious Pips
  • #926
  • Sep 24, 2020 11:43am Sep 24, 2020 11:43am
Results for today 9/24/2020.
Was in profit $189 after 7 of 9 baskets closed.
The last 2 baskets took a dive to close at SL.
Having the double basket go to SL didn't help.
Whole day is negative.
I looks like the best time to open a basket is 30 minutes after New York open and London open.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB

All the best,
NW
Perfidious Pips
  • #927
  • Sep 25, 2020 4:41pm Sep 25, 2020 4:41pm
Sorry, my tp/ sl settings were messed up this week hence delay in reporting, I just realised why the basket wasn't closing. Only basket to fire was default 11pm, and it was a successful one

blam
  • #928
  • Sep 25, 2020 5:59pm Sep 25, 2020 5:59pm
My results for today, 9/25/2020.
The week ended up positive but only because of Monday's baskets with large lots.
Today,just like yesterday, some baskets closed with profit.
The remaining baskets drifted lower for awhile then dropped to SL.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 34 KB


Break Even for the week.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 45 KB


Next week will use the virtual basket to see if it improves entries.
All the best,
NW
Perfidious Pips
  • #929
  • Sep 28, 2020 5:13pm Sep 28, 2020 5:13pm
Results for today, 9/28/2020.
Using Virtual Baskets 3 of the 5 London Open time slots opened baskets and they all closed with profit.
In addition I tried baskets using only correlated pairs.
These correlated pairs had 4 NY Open time slots. 2 of the 4 baskets opened and closed in profit.
These correlated pairs had much smaller draw down.

The correlated pairs were:
EURUSD,USDJPY,EURJPY,GBPUSD,GBPJPY,AUDUSD,AUDJPY,USDCHF,GBPCHF,EURCHF,AUDCAD,USDCAD,EURCAD

You can search for "forex pair correlation" to see different correlation combinations.

All the best,
NW
Perfidious Pips
  • #930
  • Sep 29, 2020 5:38pm Sep 29, 2020 5:38pm
no results to report this week due to technical error, no data flowing through the EAs, no trades taken

blam
  • #931
  • Edited 10:53am Sep 30, 2020 12:51am | Edited 10:53am
47 pages is a lot to read and after doing that I have some comments. Regarding the weekly approach the most significant bar is the H4, since it can change faster than the others. In the matter fact you cannot know if that bar is against the actual H4 trend! It is just a picture of the moment. The VB concept filters that, but you can do it another way. In stead of the H4 bar then make a meassure of the trend on H4 using EMA40 and EMA20. That gives a more correct picture of the H4 trend. It is very easy for the programmer to do this.

Another comment is, that all days are different. I noticed that 3:00 was a perfect entry point for a long time. Then it was 23. I therefore think, that it is random. You might find an entry point that statistically and historically is the best, but going forward it will be another entrypoint - and you don't know before you have statistical data of that new period.
I really think you should try changing the H4 bar into a moving average trend.
MetaTrader 4 - so many advantages.
  • #932
  • Edited 3:22am Sep 30, 2020 2:47am | Edited 3:22am
Got it now! When is the price running fast? Right after the opening of a market. Where does it go? Hopefully in the direction of the trend. So the EA should do this:

Take the trend for H4 (as a MA trend indicator), D, W and M (those can just be the direction of the bar as it is allready).

Trading time should be after the first bar of market open. So there will be 3 trades possible Nortwind if this strategy shall be tried. Asian, Europe and USA.

I would trade at the close of the H4 bar, which is at 10 am GMT for the London open. At that time the day mostly has started to develope into the daily trend. 2 pm GMT at the USA open. That is exactly on the opening, but the US market often takes the right direction right at the beginning. You could of cause wait an hour to see how it goes.

Would I use VB. No, the idea is very fine but it seems that too many weeks goes without trading.

As the EA is not doing the Moving Average test on the H4 bar, this must be done manually if somebody want to test this approach.

I don't have the power to test this now, because I am doing another EA at the moment. But sometime in the future I will make an EA.
MetaTrader 4 - so many advantages.
  • #933
  • Edited 11:16am Sep 30, 2020 10:41am | Edited 11:16am
Well - couldn't help it. I just made an EA this morning. The strategy is a cross of the "Follow the candles strategy" - i will call it "Traffic Light" in my strategy - and the well known London Open strategy. Here is what it does.

At London Open and on US Open it will check the Traffic Light. All pairs that fullfill 4 green or red bars are a subject for the basket. When ever they break out of the box which is drawn by the high and low of the last 4 hours, the EA will buy (Long or Short) and the pair will be an active part of the basket. When the profit on the sum of participating pairs in the basket is x% of the total investment, everything will be closed and the EA will be ready for the next day.

I don't have to do anything. It will trade by itself everyday without my precense. Sorry that I cannot share the EA, cause it is full of other functions which are ment for me only - but here you have the strategy.

This is out of scope for this thread, so I will not touch the subject anymore - just letting you know how this thread can be used for something more.

By the way, the most significant bar in my Traffic Light is measured using moving averages as I desribed in my last post. And really - the code I made this morning is very simple. I suggest that you guys learn to program MQ4 youself. Your trading life will be very enrichent. Here is a couple of good channels that can teach you:

Jim Dandy: https://www.youtube.com/channel/UC6N...2p8tJdpLJ2M7iA
MQL4Tutorial: https://www.youtube.com/channel/UCIu...b2P8qv_HX_uwug
MetaTrader 4 - so many advantages.
  • #934
  • Oct 1, 2020 8:48am Oct 1, 2020 8:48am
Been super busy this week and didn't have time to post this weeks results. The weekly default basket did not trigger so no trade this week. There were only 2-3 pairs so not enough to trigger the VB.

The daily set has also been kind of flat this week with less than +1% profit so far, but overall its up +11% since trading it live.
Truth is like poetry. And most people f*cking hate poetry.
  • #935
  • Oct 1, 2020 8:52am Oct 1, 2020 8:52am
Quoting northwind
Results for today, 9/28/2020. Using Virtual Baskets 3 of the 5 London Open time slots opened baskets and they all closed with profit. In addition I tried baskets using only correlated pairs. These correlated pairs had 4 NY Open time slots. 2 of the 4 baskets opened and closed in profit. These correlated pairs had much smaller draw down. The correlated pairs were: EURUSD,USDJPY,EURJPY,GBPUSD,GBPJPY,AUDUSD,AUDJPY,USDCHF,GBPCHF,EURCHF,AUDCAD,USDCAD,EURCAD You can search for "forex pair correlation" to see different correlation combinations. All the...
Hi northwind, thanks for joining in. You are using the EA in a very interesting way and I'm looking forward to see your results. It is definitely a different approach, but then again the EA is very versatile and can be used many different ways. I'm confident that with enough testing we can come up with a profitable long term approach.
Truth is like poetry. And most people f*cking hate poetry.
  • #936
  • Oct 1, 2020 8:54am Oct 1, 2020 8:54am
Quoting RiskFighter
47 pages is a lot to read and after doing that I have some comments. Regarding the weekly approach the most significant bar is the H4, since it can change faster than the others. In the matter fact you cannot know if that bar is against the actual H4 trend! It is just a picture of the moment. The VB concept filters that, but you can do it another way. In stead of the H4 bar then make a meassure of the trend on H4 using EMA40 and EMA20. That gives a more correct picture of the H4 trend. It is very easy for the programmer to do this. Another comment...
Hi RiskFighter, thanks for your suggestions, I am actually working on using a MA filter that will only validate pairs that fall in with the MA trend for that time frame.
Truth is like poetry. And most people f*cking hate poetry.
  • #937
  • Oct 1, 2020 12:18pm Oct 1, 2020 12:18pm
My take on it was no sucess. I could work with trailing SL etc. But I am too long from a good result, so I stop it now.

I take it that you know this command: iMA(NULL, PERIOD_M30, 20, 0, 1, 0, 1); , where you can choose the timeframe that you want to validate, without having the chart in that timeframe.
MetaTrader 4 - so many advantages.
  • #938
  • Edited 6:07pm Oct 1, 2020 12:34pm | Edited 6:07pm
Quoting mrdfx
{quote} Hi northwind, thanks for joining in. You are using the EA in a very interesting way and I'm looking forward to see your results. It is definitely a different approach, but then again the EA is very versatile and can be used many different ways. I'm confident that with enough testing we can come up with a profitable long term approach.
Try the pair combinations in this table.
Attached Image (click to enlarge)
Click to Enlarge Name: Correlation pairs - behavior.jpg Size: 100 KB
Perfidious Pips
  • #939
  • Oct 2, 2020 6:08am Oct 2, 2020 6:08am
Quoting mrdfx
{quote} Hi northwind, thanks for joining in. You are using the EA in a very interesting way and I'm looking forward to see your results. It is definitely a different approach, but then again the EA is very versatile and can be used many different ways. I'm confident that with enough testing we can come up with a profitable long term approach.
Hi mrdfx,
You could also program dynamic correlation matrix for a couple time frames and have the EA open baskets with the most positive and most negative correlated pairs. Time frames would depend on how you want to use the EA, longer-term, intra-day or scalping.
This should put the EA trading in the same direction as price action.
All the best,
NW
Perfidious Pips
  • #940
  • Oct 9, 2020 7:38am Oct 9, 2020 7:38am
Hey guys sorry I forgot yo update this weeks results.

This week the default weekly setting did not trigger so no trade this week and the daily preset is closing on a loss of -4.8%.
Truth is like poetry. And most people f*cking hate poetry.
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