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Attachments: Software tools for LauraT's Roadmap
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Software tools for LauraT's Roadmap

  • #161
  • Nov 19, 2020 2:14pm Nov 19, 2020 2:14pm
Quoting DiscO
Good day Hanover , firstly I would like to thank you for this tool. I was wondering if you are able to assist me with a problem I have with this particular broker I use ,I'm not encountering the problem with any other broker. The broker uses a suffix for pairs (eg. EURUSD.lmax). All pairs aren't showing up on scanner ,I tried to add suffix to no avail. Is it possible that you can assist me ? (The only pairs displayed without the suffix) {image} Thanks in advance
Would love to obtain the currency srength indicator you have in the top L/H corner of your chart ???

Regards
  • #162
  • Jan 5, 2021 1:15am Jan 5, 2021 1:15am
Big thanks to Hanover for an extremely useful dashboard. Just wondering whether it entails too much work including a column showing the current bid or ask price......I like to check the proximity of price to round numbers as price seems to be attracted and to stick to these levels....eg recently it was not advisable to go long EURUSD art 1.2300. Also before trading, apart from technical indicators, fundamentals als etc, I found that considering how "expensive" or "cheap" the price of a pair is in terms of the " naked"price only helps. After all it is these levels on which transactions representing actual international purchase of goods/service in real life is based, eg does it make sense to short USDCAD in LTFs knowing that the rate is the lowest it has been since April 2018!!!!!
  • #163
  • Feb 3, 2021 7:09am Feb 3, 2021 7:09am
Quoting Coffeebuff
{quote} Would love to obtain the currency srength indicator you have in the top L/H corner of your chart ??? Regards
My sincere apologies as i'm only noticing this message now . I guess i'm to late to answer you?
  • #164
  • Mar 2, 2021 10:27am Mar 2, 2021 10:27am
Quoting DiscO
{quote} My sincere apologies as i'm only noticing this message now . I guess i'm to late to answer you?
Well, actually.... That indicator would be of interest to me too!
If I code, I can't trade...
  • #165
  • May 27, 2021 7:24am May 27, 2021 7:24am
Hi Hanover and hi All,
I consider this thread to be perhaps the most suited place to technically discuss about a proposal to try to automate as far as possible LauraT's Roadmap trading system, based on the many rules and conditions she gave us in her two threads dedicated to the Roadmap system.

Many of you, driven perhaps from the original kindness of Laura, have kindly put much effort in providing (looking for existing code or directly coding it) the major indicators which are functional to the system's entry/exit criteria.
In particular Hanover kindly provided his screener dashboard which helps detecting automatically the "early signs" for a possible action based on the Roadmap scheme.

As usual, even a simple trading system (i.e. one which is based on few simple rules for entry and exit) hardly satisfies the final goal of any trader since it always needs to be complemented by some kind of discretionary evidence for a valid set-up, both for entry and for exit. Roadmap system seems not to be an exception to this sad thruth.
Nevertheless, Laura's thread - and her many precise explanations of the various "surrounding elements" to look for and take care of before taking a decision - make me think that some effort could be put in place in the direction to get "somewhat rigorous" definitions of such "discretionary" elements so as to incorporate them in a completely automated system possibly coded in MT4 (or elsewhere).

That's why I would like to propose a collaboration with whoever thinks my idea is not completely out of brain ( I can only assure you that I'm not a crazy man, just based on what others tell of me..not based on my own judgement :-) :-) ) and can have a minimal chance of success.

The project roadmap (not to be confused with Laura's one :-) ) would proceed bottom-up by initially focusing on a system only characterized by the basic rules (channel cross and channel failure, single-bullet entry/exit system, etc.) and leaving momentariy aside the advanced trading rules.
Initial effort would go into getting a complete list of the elements composing the "framework" for entry and exit actions and concentrate on each one of them to analyze the possibility to translate them in rigorous logics.

Just In order to try to be a little more understandable about what I'm talking about, I also attach a very very draft file where I started to put down some initial "thoughts" to build on this regard.
Attached File(s)
File Type: pptx LauraT_Roadmap_EA.pptx   42 KB | 601 downloads

The green and red text in the first slide highlights what in my opinion is something "easy" or "hard" to be defined in somewhat useful way and hence coded.

Sorry for the lenghty post (and my not so good english, which I anyway hope does not prevent you from catching my idea).
Opinions on this are welcome .
Sorry if this is not the best place for this post.




.
  • #166
  • May 29, 2021 7:45am May 29, 2021 7:45am
Quoting tesiag
Hi Hanover and hi All, I consider this thread to be perhaps the most suited place to technically discuss about a proposal to try to automate as far as possible LauraT's Roadmap trading system, based on the many rules and conditions she gave us in her two threads dedicated to the Roadmap system. Many of you, driven perhaps from the original kindness of Laura, have kindly put much effort in providing (looking for existing code or directly coding it) the major indicators which are functional to the system's entry/exit criteria. In particular Hanover...
Roadmap should focus on finding auction bidding antics employed by money makers to do a job assigned by a regulated exchange to keep.the market in trading condition.

Lacking order books information, anyone outside the MM cartels , can not fathom it. Pure guess work is involved. For which.your own brain is the best EA unless you have planted tabs on tracking MM robots.
Practice makes a person perfect
  • #167
  • Jun 1, 2021 10:03am Jun 1, 2021 10:03am
Quoting hanover
{quote} Many thanks. After a lengthy process of trial and error, I'm pretty sure that the !SM_ADR Marker calculation works as follows: 1. Calculate ATR = a 14 day ATR (of daily candles) counting back from the previous day 2. ADR_high = Today's low (so far) + ATR ADR_low = Today's high (so far) – ATR 3. Then, whichever occurs first during the day: (i) Immediately if/when price reaches or exceeds ADR_high: Lock ADR_high to its existing level (for the rest of the day) Lock ADR_Low = ADR_high – ATR (for the rest of the day) OR (ii) Immediately if/when...

maybe I'm late and you already identified the issue..
I just found this apparently slightly different logic in computing the frozen levels of ADR_hi and ADR_lo. They are not based upon the "first" hit (among the current ADR_hi and the current ADR_lo) as you are assuming in your post, but upon the close being > or < open.

adr_high(adr) => high - low < adr ? low + adr : close >= open ? low + adr : high
adr_low(adr) => high - low < adr ? high - adr : close >= open ? low : high - adr


Not sure if this can explain the differences you have sometimes experienced in real time between your algo and the one (not known) implemented in !SM_ADR Marker.ex4
  • #168
  • Sep 19, 2021 1:20pm Sep 19, 2021 1:20pm
I find this creation amazing, thank you Hanover, the indicator helps me a lot.

Is there any probability that you can put the function of clicking on the currency pair and that it opens the chart in another mt4 tab?

Thank you so much
  • #169
  • Edited 2:59pm Mar 28, 2025 2:09pm | Edited 2:59pm
Quoting jan.forex
{quote} Hi Hanover, I managed to sort it now and it works perfectly. Initially I did not add all the indicators as I was only interested in the SMA cross signals to start off with. I also had to swap the MTF Dashboard v3 with RoadMap Trend Band_SubWindow as the original can't be uploaded to the MT4 VPS due to the new built - not sure if its actually using the information from the RoadMap Trend Band but its working well and getting all the signals to my mobile whilst my PC is off. Thanks for a great indicator and your help {image}

Hello Jan,

Would it be possible to attach the different indicators files that you are using pls ?
  • #170
  • Last Post: May 2, 2025 2:25pm May 2, 2025 2:25pm
Quoting hanover
{quote} Many thanks. After a lengthy process of trial and error, I'm pretty sure that the !SM_ADR Marker calculation works as follows: 1. Calculate ATR = a 14 day ATR (of daily candles) counting back from the previous day 2. ADR_high = Today's low (so far) + ATR ADR_low = Today's high (so far) – ATR 3. Then, whichever occurs first during the day: (i) Immediately if/when price reaches or exceeds ADR_high: Lock ADR_high to its existing level (for the rest of the day) Lock ADR_Low = ADR_high – ATR (for the rest of the day) OR (ii) Immediately if/when...
Good day Hanover!
I want to write an indicator for MT5. I’d appreciate it if you could explain how the locked ADR is calculated when opening a chart.

  1. If the chart was opened, the ADR gets locked when the price reaches or exceeds/drops below the ADR high/low. This part is clear.
  2. But how is the ADR calculated if the chart with the indicator was opened later in the evening? Are the values calculated based on the time the chart was opened? In that case, the values would differ from those that would have been if the chart with the indicator had been open all day.

Or, when opening the chart, do you recalculate from the start of the day to find the first touch of the ADR high/low lines and then lock the values based on that?

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