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Attachments: DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)
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DOS. Daily Open Strategy. Easy To Trade, Simple To Win (EA..soon)

  • Post #121
  • Quote
  • Edited Oct 13, 2020 2:22am Oct 12, 2020 7:00pm | Edited Oct 13, 2020 2:22am
I have updated the DOS Indicator to show the Open and Close line of each day and shade the whole day if above XXX daily candle body size. Obviously the Close line recalculates until the end of the day. In chart properties put "chart on foreground" if shading obscuring the price.
Attached File
File Type: ex4 DOS Indicator V2.ex4   22 KB | 770 downloads
"Whenever there is any doubt, there is no doubt."
Guys, please!
If you have an alternative strategy, post it in new thread, otherwise it may confuse us with the original post.
Testing the strategy with data from the past, good results, but there are also rare moments where there is danger, do your tests to see the negative / positive potential
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Seeing the different decisions and their reactions



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From the picture above I can say your EA does not follow conditions according post #1.
Quoting smilee89
{quote} Please stick to the plan: No BUY trade after bullish bar. If you have an alternative strategy, post it in new thread, otherwise it may confuse us with the original post.
Sorry BOSS, I got it SELL SELL SELL



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Don't trade your heart, trade your chart!
4 Daily Signals All Time Return: 15.9%
Quoting harold1
{quote} am not a coder that is why I cant try my ideas easily. this strategy might work or might not. but the idea is you are getting in front of a fast train. why don"t we just go with the flow? I mean, if we have this kind of big candle, why are we going against it... go with it.. my idea is if this pair has 110 pips of daily candle, if its bullish, maybe we can set a buy rather than sell. put the same tp, 20 pips. or whatever computations e had. it that case, we are riding the train and not going against it.. my friend Emi00 pls help me to code...
as per ur request i add addition option at end of input setting trade same direction = true, if its true trade comes in same candle direction , if false trade in opposite direction as thread author requirement. default is false


enjoy

Attached File
File Type: ex4 High Candle EA.ex4   19 KB | 666 downloads
Quoting smilee89
From the picture above I can say your EA does not follow conditions according post #1.
thread requirement martingle trade in same direction of each every candle in same direction and i set basket profit 1 usd for close whole basket

in above pic of FlowArk it was found EA running in H4 TF where it is strictly recommended use TF D1
Quoting smilee89
From the picture above I can say your EA does not follow conditions according post #1.
Ok ,
So write down MQL4 code logic as the strategy does not work unless as Drolph noticed in his post #79 you accept big draw downs for long periods (days and week probably).
Any way thanks participating in a probable strong enough strategy wit FFactory.
Enjoy your pips.
Tomcat98
Nice strategy, i will learn more to know how to manage more than simple way on page 1. Please dont posting another strategy there. Just make me confuse. If you dont agree, so dont post here. Many new trader like me need a clear learning from master trader. Thx
  • Post #130
  • Quote
  • Edited at 2:21am Oct 13, 2020 2:00am | Edited at 2:21am
Quoting smilee89
Guys, please! If you have an alternative strategy, post it in new thread, otherwise it may confuse us with the original post.
Apologies for any confusion caused. Daily strategy as per post one rules on a Daily chart only
"Whenever there is any doubt, there is no doubt."
Quoting emi00
{quote} as per ur request i add addition option at end of input setting trade same direction = true, if its true trade comes in same candle direction , if false trade in opposite direction as thread author requirement. default is false enjoy {file}
good day! I want to know if this version of the advisor has time limits?
After some more time spent playing around with the basic idea here I am dropping it now, it is not worth the risks you are taking imho.

When evaluating a potential strategy you always have to quantify risks compared to the reward.

What do I mean here? When having a potential gain in a defined time period you have to consider the risks (in terms of amount and occurence!) in the corresponding time period to judge on its potential.

Focussing on the profit factor alone wont do the job here as my following example using a method of mine illustrates quite good. Comparable profit factor, but way more gains in an even shorter time period regarding to the drawdown. It uses averaging as well, this shows the lack of potential of the DOS idea. I would advise everybody to look for another approach.

For those trying to use this method - best of luck!
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smilee,

is the EA you're coding ready yet? I am really willing to test it out, also with the ADR % function.
Quoting Drolph
After some more time spent playing around with the basic idea here I am dropping it now, it is not worth the risks you are taking imho. When evaluating a potential strategy you always have to quantify risks compared to the reward. What do I mean here? When having a potential gain in a defined time period you have to consider the risks (in terms of amount and occurence!) in the corresponding time period to judge on its potential. Focussing on the profit factor alone wont do the job here as my following example using a method of mine illustrates quite...
Your EA and your settings are absolutely not working according to my strategy.
How do I know it?
See your maximum consecutive losses. Since 1.2010 till today, EURUSD has never lost more than 5 consecutive trades.
You built the wrong EA, my friend.
Since you don't share this EA nor screenshots from the chart with the entries and exits, as I do from time to time, no one can rely on your posts here in this thread.
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Quoting mankindeg
smilee, is the EA you're coding ready yet? I am really willing to test it out, also with the ADR % function.
Not ready yet.
You did not get my point. I was illustrating clear flaws of your strategy.

Never mind, best of luck on your journey.
Quoting yurakv
{quote} good day! I want to know if this version of the advisor has time limits?
Yes upto 30 dec 2020
Quoting smilee89
{quote} Your EA and your settings are absolutely not working according to my strategy. How do I know it? See your maximum consecutive losses. Since 1.2010 till today, EURUSD has never lost more than 5 consecutive trades. You built the wrong EA, my friend. Since you don't share this EA nor screenshots from the chart with the entries and exits, as I do from time to time, no one can rely on your posts here in this thread. {image}

We want to release ur EA, if emi00 and dolph EA not ok as ur recommendations...
Quoting emi00
{quote} as per ur request i add addition option at end of input setting trade same direction = true, if its true trade comes in same candle direction , if false trade in opposite direction as thread author requirement. default is false enjoy {file}
Hi , can you please add a option without adding another trade if thing go wrong ? Just stick to original trade
hello
i'm new trader .i have a question.
Can the candle of the previous day be used anywhere on the chart?
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