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

  • #361
  • Edited Nov 10, 2020 7:34am Nov 9, 2020 12:45pm | Edited Nov 10, 2020 7:34am
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File Type: ex4 BodySize_Alert_Multi_v2.0.ex4   22 KB | 584 downloads


Hey everyone!
Just made a few improvments and this is the new indicator: BodySize_Alert_Multi_v2.0

Main Features:
1- Subwindow for the current chart Symbol, with histogram & BS limits
2- Matrix with all the 28 main fx pairs, respective limits and 2 columns for each bar (current and last one)
3- Alert pop-ups, will only activate once when you attach the indi the 1st time or when a new Daily bar is detected, showing signals for the last bar (b1).
As for the current bar (b0) signals will pop up only during the minute chosen by the user. Otherwise pop-ups wouldn't stop. Default value is 23.59 ie 1 min to server midnight.

Have fun!
  • #362
  • Nov 9, 2020 12:55pm Nov 9, 2020 12:55pm
Quoting ze0202
{image} {file} Hey everyone! Just made a few improvments and this is the new indicator: BodySize_Alert_Multi_v2.0 Main Features: 1- Subwindow for the current chart Symbol, with histogram & BS limits 2- Matrix with all the 28 main fx pairs, respective limits and 2 columns for each bar (current and last one) 3- Alert pop-ups, will only activate once when you attach the indi the 1st time or when a new Daily bar is detected, showing signals for the last bar (b1). As for the current bar (b0) signals will pop up only during the minute chosen by the user....
very cool thanks for your hard work. So no arrows will be displayed on chart showing above 110 pips on candles? Also it looks like Bo is current candle, and b1 is previous candle .. I will keep my mt4 open at my candle close NY 8pm close to see alerts.. thanks. By the way do you martingale this strategy?

also not using stop right?
and TP set to 30-50 pips ? any advice for starter? maybe 40 pips take profit on daily candle?
  • #363
  • Nov 9, 2020 1:12pm Nov 9, 2020 1:12pm
Quoting Bluejay12
{quote} very cool thanks for your hard work. So no arrows will be displayed on chart showing above 110 pips on candles? Also it looks like Bo is current candle, and b1 is previous candle .. I will keep my mt4 open at my candle close NY 8pm close to see alerts.. thanks. By the way do you martingale this strategy? also not using stop right? and TP set to 30-50 pips ? any advice for starter? maybe 40 pips take profit on daily candle?
You're welcome! Instead of arrows, you have histogram bars displaying and dotted levels, which are much more accurate, in my opinion.

"Bo is current candle, and b1 is previous candle" - that's true

"By the way do you martingale this strategy?" - I don't martingale at all. I'd rather close all my positions during the day.
  • #364
  • Nov 9, 2020 1:57pm Nov 9, 2020 1:57pm
Quoting ze0202
{quote} You're welcome! Instead of arrows, you have histogram bars displaying and dotted levels, which are much more accurate, in my opinion. "Bo is current candle, and b1 is previous candle" - that's true "By the way do you martingale this strategy?" - I don't martingale at all. I'd rather close all my positions during the day.
thanks
so at what point would you close a loosing trade ? One that does not hit take profit of 30-50 pips . At candle close or mid day , so do you set a SL of manually close . Thanks for opinions and share what has worked as I’m just starting demo tonight
  • #365
  • Nov 9, 2020 2:29pm Nov 9, 2020 2:29pm
Quoting ze0202
{image} {file} Hey everyone! Just made a few improvments and this is the new indicator: BodySize_Alert_Multi_v2.0 Main Features: 1- Subwindow for the current chart Symbol, with histogram & BS limits 2- Matrix with all the 28 main fx pairs, respective limits and 2 columns for each bar (current and last one) 3- Alert pop-ups, will only activate once when you attach the indi the 1st time or when a new Daily bar is detected, showing signals for the last bar (b1). As for the current bar (b0) signals will pop up only during the minute chosen by the user....
All Zero's.
Subwindow is empty.
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  • #366
  • Nov 9, 2020 2:32pm Nov 9, 2020 2:32pm
Quoting smilee89
{quote} All Zero's. Subwindow is empty. {image}
Same here on my chart
Regards
  • #367
  • Nov 9, 2020 2:39pm Nov 9, 2020 2:39pm
Quoting howard
{quote} Same here on my chart
Humm loads fine for me
  • #368
  • Nov 9, 2020 2:41pm Nov 9, 2020 2:41pm
all good here!
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Stay green!!!
  • #369
  • Nov 9, 2020 2:58pm Nov 9, 2020 2:58pm
Quoting Froggy
all good here! {image}

14 pairs are ready for entry on candle close ? is that common on a Monday ? Lot of big candles movement today
  • #370
  • Nov 9, 2020 3:10pm Nov 9, 2020 3:10pm
my first time to trade this wonderful concept, i am super ready
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  • #371
  • Nov 9, 2020 3:14pm Nov 9, 2020 3:14pm
Tip:
Don't trade all signaling pairs so you won't expose your account to same currency's direction.

For example:
Don't open Sell for GBPCHF, CADCHF, AUDCHF and EURCHF on same day.
Chose one pair from all those pairs with same currency (CHF).
  • #372
  • Nov 9, 2020 3:15pm Nov 9, 2020 3:15pm
Quoting smilee89
Tip: Don't trade all pairs so you won't expose your account for same currency's direction. For example: Don't open Sell for GBPCHF, CADCHF, AUDCHF and EURCHF on same day. Chose one pair from all those pairs with same currency (CHF).
Great . Thanks all for being patient and helpful . Got it
  • #373
  • Nov 9, 2020 3:24pm Nov 9, 2020 3:24pm
Quoting smilee89
Tip: Don't trade all signaling pairs so you won't expose your account to same currency's direction. For example: Don't open Sell for GBPCHF, CADCHF, AUDCHF and EURCHF on same day. Chose one pair from all those pairs with same currency (CHF).
Thanks for the info, but with my acct size i can only trade 3 pairs ? 0.03 each
  • #374
  • Nov 9, 2020 3:43pm Nov 9, 2020 3:43pm
ze0202 (https://www.forexfactory.com/ze0202)
I would like to challenge you.

If the user double clicks on any pair in the matrix, it will open the chart of that pair in a new chart window.
  • #375
  • Nov 9, 2020 3:47pm Nov 9, 2020 3:47pm
Quoting smilee89
ze0202 (https://www.forexfactory.com/ze0202) I would like to challenge you. If the user double clicks on any pair in the matrix, it will open the chart of that pair in a new chart window.
When I clicked on matrix pair it did not open that new screen pair
  • #376
  • Nov 9, 2020 3:49pm Nov 9, 2020 3:49pm
Quoting Bluejay12
{quote} When I clicked on matrix pair it did not open that new screen pair
It was a a request. It still does not apply.
  • #377
  • Nov 9, 2020 3:52pm Nov 9, 2020 3:52pm
Quoting Bluejay12
{quote} thanks so at what point would you close a loosing trade ? One that does not hit take profit of 30-50 pips . At candle close or mid day , so do you set a SL of manually close . Thanks for opinions and share what has worked as I’m just starting demo tonight
In my opinion, whenever you trade many different pairs/symbols there are two big distinct kind of approaches.

In the 1st one, you only consider each pair individually, according to the strategy conditions, and therefore the matrix is used only to test each pair performance and improve its best individual settings.

The 2nd one (my favorite), gives you a global perspective on how all the pairs (at play) behave and interact altogether as "basket", based on a given startegy, like this one.

Normally, I close all of my open orders based on a concept I use to call "Original Balance" and I use it as basis for calculation of the "closing moment" of all of my trades during the day.

The "closing moment" of all open pairs can be a predefined # for the global TP (of the basket) or if you're bold enough to hold your positions a little longer till other criteria is met...
  • #378
  • Nov 9, 2020 4:01pm Nov 9, 2020 4:01pm
Quoting smilee89
ze0202 (https://www.forexfactory.com/ze0202) I would like to challenge you. If the user double clicks on any pair in the matrix, it will open the chart of that pair in a new chart window.
That's a good idea, but will take some time to code... have you tried the 2.0 version already? This indi takes a lot of your PC RAM and will lag if you have several platforms running at the same time.
  • #379
  • Nov 9, 2020 4:08pm Nov 9, 2020 4:08pm
Quoting ze0202
{quote} That's a good idea, but will take some time to code... have you tried the 2.0 version already? This indi takes a lot of your PC RAM and will lag if you have several platforms running at the same time.
Look again in my post. It shows 2 daily columns so it is version 2.0.
My PC's ram is not in its high usage at all. It is something else in the configuration of the indicator. Check your code.
  • #380
  • Nov 9, 2020 5:18pm Nov 9, 2020 5:18pm
Quoting ze0202
{quote} In my opinion, whenever you trade many different pairs/symbols there are two big distinct kind of approaches. In the 1st one, you only consider each pair individually, according to the strategy conditions, and therefore the matrix is used only to test each pair performance and improve its best individual settings. The 2nd one (my favorite), gives you a global perspective on how all the pairs (at play) behave and interact altogether as "basket", based on a given startegy, like this one. Normally, I close all of my open orders based on a concept...
thanks for response , Would be helpful to see this in action ! Original balance close sounds like break even if a trade is struggling
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