{quote} Ano you are the master, i am still trying, any explanation of supertrapE or user in put explanation will be appreciated,
Regards
Ano
- #341
- Sep 29, 2022 9:01am Sep 29, 2022 9:01am
Regards
Ano
{quote} SuperTrap3E have any error , Im still repair the problem , Version1 is more stabil please use Version1 first
Thanks and regards still trying to find a good setting my time is +5GMT, did any Gentleman trying with good setting profitable? please share ...
or any explanation specially with parameters which i did not understand riskfactor 12000.0
(StartBal*(Target_SL_TP_LotFactor/20))/RiskFactor
please share...
- #343
- Sep 29, 2022 10:36am Sep 29, 2022 10:36am
{quote} No errors for me, i did download all indi along with Suptrap3E Thanks and regards still trying to find a good setting my time is +5GMT, did any Gentleman trying with good setting profitable? please share ... or any explanation specially with parameters which i did not understand riskfactor 12000.0 (StartBal*(Target_SL_TP_LotFactor/20))/RiskFactor please share...
you can see input MagicNumber and MagicNumber2
and in the SuperTrap display there are 2 columns on the right and left of CloseMN 742X
Each number on the right from top to bottom is for Floating each Magicnumber 7420,7421,7422,7423
and on the left for 7430,7431,7432,7433
you can try using pair UJ with MagicNumber 7420 and MagicNumber2 7430 ,
GU 7421 and 7431 , EU 7422 and 7432 AU 7423 and 7433
or you use 1 pair for trial, you use MagicNumber 7420, then click Buy, change MagicNumber to 7421 then click buy,
you change again 7422,7423,7430,7431,7432,7433
then 8 buy orders with different MagicNumbers will occupy the floating order post on the right and left of the buttonSuperTrap3E
also features autoclose if profit is >14 points
because of the many features and I'm tired, and not careful enough, there are some errors that shouldn't happen
RiskFactor is just one parameter to determine the Lot on autolot ,
the bigger the RiskFactor the smaller the resulting Lot
Lot =YourBalance*(Target_SL_TP_LotFactor/20))/RiskFactor
StartBalance = StaticBalance so in this scenario you will use static Lot , today , tomorrow , the day after tomorrow and so on
Regards
Ano
Do you have any ideas other than full auto trade? which can be applied in SuperTrap technique ? For example using your indicator? Please pour your ideas along with your brief analysis of how to use your indicator, of course you have to upload the indicator maybe I can make it and make SuperTrap even better And of course the idea owner will get unlimited SuperTrap according to his idea Regards Ano
I will put some ideas together based on my own method soon.
Cheers
maahome
PS _ I still believe that you need user supervision of the system at this time.
- #347
- Sep 29, 2022 9:47pm Sep 29, 2022 9:47pm
{quote} Hi Ano, rather than include more indicators maybe look at using the the histograms for entries along with a user preset target ($ or %) with a stop trading if reached option etc etc. Also perhaps include a monitor and close type function may be useful. I will put some ideas together based on my own method soon. Cheers maahome PS _ I still believe that you need user supervision of the system at this time. {image}
I just used my modified RSK7421b, 100% manual trading on UJ this morning,
buy if all RSI and Stochastic lines are above level 50 and Stochastic Main>Signal (AnoIndiStoch)
and Histogram in Blue
I'm testing my own indicators and discipline skills
And of course for Now SuperTrap was equipped with autoclose if floating profit > 0.25%
I'm using a cent account, so the target is a bit extreme 5 USD for 5 USD
Because that's what I have, or does anyone want to donate to me?
- #350
- Edited 2:11am Sep 30, 2022 1:35am | Edited 2:11am
Do you have any ideas other than full auto trade? which can be applied in SuperTrap technique ? For example using your indicator? Please pour your ideas along with your brief analysis of how to use your indicator, of course you have to upload the indicator maybe I can make it and make SuperTrap even better And of course the idea owner will get unlimited SuperTrap according to his idea Regards Ano
please see below my idea
Option -1
ADX 7,21,42,89,144 to confirm the orders when all conditions are red for sell, and green for buy , trending 20
Rsi above 55 below 45,
Stochastic 8,3,3
Atr 14, multiplier 1.0 time frame 1Hr
Cci period 14, level-100 , 100
Bid ratio filtering to open position above60-below 30
Heat map use modoki 0.5
slipage 0-99
these are the condition i use and for 1 to 2 hour trading.
{quote} Need to limit placing many orders with supertrap3
E (how to do that) Ano?
please see below my idea Option -1 ADX 7,21,42,89,144 to confirm the orders when all conditions are red for sell, and green for buy , trending 20 Rsi above 55 below 45, Stochastic 8,3,3 Atr 14, multiplier 1.0 time frame 1Hr Cci period 14, level-100 , 100 Bid ratio filtering to open position above60-below 30 Heat map use modoki 0.5 slipage 0-99 these are the condition i use and for 1 to 2 hour trading.
{quote} Bid ratio filtering to open position above level 60 to 90-below level30 to 10 to open position..
Sup resist
identify cycle please use Smzigzag bionicsoscv1.3
- #353
- Edited Oct 1, 2022 1:30am Sep 30, 2022 2:50am | Edited Oct 1, 2022 1:30am
Hi all, as I said earlier today is a day I usually have off as I like to spend it with my wife and relax over the weekend. I have put together a simple explanation of how I use Ano's tools to suit what I do. It may or may not suit everyone and it is very visual as well as being something each user can modify to their own needs. Remember the objective is to finish in profit. Following is the explanation of what I do.
Using the RSK743D System
This is an example of how I personally use Ano's tools. I do not let the system run in fully automatic mode. I allocate specific times of the day to spend a few hours trading the system.
I use several tools as well as those built into the system, these include various scripts that can close profits only, losses only, close all and so on.
I monitor 5 pairs and that will usually provide plenty of opportunities throughout the day. Note I only trade 1 pair at a time but you are free to trade as many as you like.
The main objective I am looking for is an overall profit. As an example, If I have some profit and the market looks like it is reversing then I am quite happy to close positions and wait for a new opportunity to present itself. If I have a good daily return and the current batch of trades in not moving again I will close out and finish for the session/day and wait for the next opportunity.
I set myself a hard stop of x% each session/day and if that is hit then I simply stop, I do not chase losses. Below I will list the other indicator I use to assist in decision making and also how I set my platform up. I will attempt to show graphics in the document on what I look for to start a sequence.
EA Version - Supertrap 3D
Additional Indicators - OGT Trend Dashboard, Symbol changer
Scripts : Close Profits, Close Losses, Close All, Set SL to BE+1
Setup
I set my platform up with 6 charts as per Image 1. Please note I changed the chart background to Light Grey as it is easier for me to see - Fig 1.)
In the top left chart you can see my trend direction monitor. I use this to get a snapshot of the various directions of currency pairs across multiple time frames.
Fig 1.
Now we have the setup we are ready to look at how to read the indicators for a possible entry. Following is my process for scanning the market (please note that if you change timeframes or pairs on a window the indicator will repaint but you latest candle should still be the same).
1. Check the direction dashboard to see if there is a dominant trend. The dashboard goes from 1M to 1D and I like to see at least 5 of the 7 timeframes agreeing and also I place a higher emphasis on the lower time frames (1M 5M 15M) because we are looking at in and out quickly. See Fig 2.
Fig 2.
We can see here that the only pair that meets my criteria is Gold (XAUUSD) which is predominantly showing an up trend.
2. I will now start to look at the individual charts paying attention to gold to see what it is showing. The chart looks like this:
We can quickly establish that buying is not a good option by simply looking at 3 factors:
A. The histogram bar is all red
B. The Supertrap1 is reading down and Supertrap2 is also reading Down
C. All 8 indicators are red
This quickly tells me that Gold is heading lower. Will I sell now? No! I will wait for confirmation from my direction dashboard that this is actually a reversal (it may be just a pullback at this time).
Remember we are looking for an edge not a gamble.
So what does an entry actually look like? Here is the checklist (I will provide examples later):
1. I want to be able to have a pair that is trending when 5 of the 7 time frames agree.
2. I want Supertrap1 and Supertrap2 to agree
3. I want the bulk of the indicators to agree
4. I want the histograms to be all the same colour. (All red/pink or All blue/green)
5. I then want the histogram to be in a specific pattern to enter - See Fig. 3.
Fig 3.
To enter or start the EA I am looking for the bottom of the previous histogram bars to have been lower than the red band and then wait for the low of the histogram to be above the red ban AND the low to be less than the blue band. That is when I enter. Once I have entered I monitor the trade progress and I will intervene if I have enough profit or the market starts turning or I am nearing my daily equity stopout level etc etc. That is each persons individual risk to assess.
To enter a sell it is the opposite of the above rules.
Be aware of big news events, I prefer to be flat when they come out if possible. If I am still in the market I will usually close out regardless of profit or loss (Hint here - look at the daily calendar to see what news events may affect your pairs).
I normally will not leave trades running unattended unless they have a stop at BE + 1 or better. I never leave the EA running by itself. I do not hold trades overnight or over weekends that way I do not get any nasty surprises.
This is why it is a subjective method and not fully automated. If you take the time to go back and look at your charts you will get a very good idea of how this works. I am sure that there are many smarter people than me on this thread that can improve on this. One last thing - don't be greedy, be consistent.
Good Luck to all.
maahome
PS - if anyone wants this in a standalone document or they want a template or any of the other indicators or scripts pm me with an email address and I will try to put a package together. Remember this is based on Supertrap3D.
Update: Additional Indicators, profiles and templates in zip file. Copy and paste to the relevant MT4 folders and then load the Profile "SuperTrap_Aggressive". Once loaded change the lot size to what you want. The default is OK on 50k account. Or you can use autolot. Try on demo before going live.
Using the RSK743D System
This is an example of how I personally use Ano's tools. I do not let the system run in fully automatic mode. I allocate specific times of the day to spend a few hours trading the system.
I use several tools as well as those built into the system, these include various scripts that can close profits only, losses only, close all and so on.
I monitor 5 pairs and that will usually provide plenty of opportunities throughout the day. Note I only trade 1 pair at a time but you are free to trade as many as you like.
The main objective I am looking for is an overall profit. As an example, If I have some profit and the market looks like it is reversing then I am quite happy to close positions and wait for a new opportunity to present itself. If I have a good daily return and the current batch of trades in not moving again I will close out and finish for the session/day and wait for the next opportunity.
I set myself a hard stop of x% each session/day and if that is hit then I simply stop, I do not chase losses. Below I will list the other indicator I use to assist in decision making and also how I set my platform up. I will attempt to show graphics in the document on what I look for to start a sequence.
EA Version - Supertrap 3D
Additional Indicators - OGT Trend Dashboard, Symbol changer
Scripts : Close Profits, Close Losses, Close All, Set SL to BE+1
Setup
I set my platform up with 6 charts as per Image 1. Please note I changed the chart background to Light Grey as it is easier for me to see - Fig 1.)
In the top left chart you can see my trend direction monitor. I use this to get a snapshot of the various directions of currency pairs across multiple time frames.
Fig 1.
Now we have the setup we are ready to look at how to read the indicators for a possible entry. Following is my process for scanning the market (please note that if you change timeframes or pairs on a window the indicator will repaint but you latest candle should still be the same).
1. Check the direction dashboard to see if there is a dominant trend. The dashboard goes from 1M to 1D and I like to see at least 5 of the 7 timeframes agreeing and also I place a higher emphasis on the lower time frames (1M 5M 15M) because we are looking at in and out quickly. See Fig 2.
Fig 2.
We can see here that the only pair that meets my criteria is Gold (XAUUSD) which is predominantly showing an up trend.
2. I will now start to look at the individual charts paying attention to gold to see what it is showing. The chart looks like this:
We can quickly establish that buying is not a good option by simply looking at 3 factors:
A. The histogram bar is all red
B. The Supertrap1 is reading down and Supertrap2 is also reading Down
C. All 8 indicators are red
This quickly tells me that Gold is heading lower. Will I sell now? No! I will wait for confirmation from my direction dashboard that this is actually a reversal (it may be just a pullback at this time).
Remember we are looking for an edge not a gamble.
So what does an entry actually look like? Here is the checklist (I will provide examples later):
1. I want to be able to have a pair that is trending when 5 of the 7 time frames agree.
2. I want Supertrap1 and Supertrap2 to agree
3. I want the bulk of the indicators to agree
4. I want the histograms to be all the same colour. (All red/pink or All blue/green)
5. I then want the histogram to be in a specific pattern to enter - See Fig. 3.
Fig 3.
To enter or start the EA I am looking for the bottom of the previous histogram bars to have been lower than the red band and then wait for the low of the histogram to be above the red ban AND the low to be less than the blue band. That is when I enter. Once I have entered I monitor the trade progress and I will intervene if I have enough profit or the market starts turning or I am nearing my daily equity stopout level etc etc. That is each persons individual risk to assess.
To enter a sell it is the opposite of the above rules.
Be aware of big news events, I prefer to be flat when they come out if possible. If I am still in the market I will usually close out regardless of profit or loss (Hint here - look at the daily calendar to see what news events may affect your pairs).
I normally will not leave trades running unattended unless they have a stop at BE + 1 or better. I never leave the EA running by itself. I do not hold trades overnight or over weekends that way I do not get any nasty surprises.
This is why it is a subjective method and not fully automated. If you take the time to go back and look at your charts you will get a very good idea of how this works. I am sure that there are many smarter people than me on this thread that can improve on this. One last thing - don't be greedy, be consistent.
Good Luck to all.
maahome
PS - if anyone wants this in a standalone document or they want a template or any of the other indicators or scripts pm me with an email address and I will try to put a package together. Remember this is based on Supertrap3D.
Update: Additional Indicators, profiles and templates in zip file. Copy and paste to the relevant MT4 folders and then load the Profile "SuperTrap_Aggressive". Once loaded change the lot size to what you want. The default is OK on 50k account. Or you can use autolot. Try on demo before going live.
- #354
- Sep 30, 2022 2:53am Sep 30, 2022 2:53am
{quote} Thanks and bless you
yes because all sourced from the same source, standard mt4 indicator, MA RSI CCI etc
Can you include the chart or the template?
- #355
- Sep 30, 2022 3:46am Sep 30, 2022 3:46am
Hi all, as I said earlier today is a day I usually have off as I like to spend it with my wife and relax over the weekend. I have put together a simple explanation of how I use Ano's tools to suit what I do. It may or may not suit everyone and it is very visual as well as being something each user can modify to their own needs. Remember the objective is to finish in profit. Following is the explanation of what I do. Using the RSK743D System This is an example of how I personally use Ano's tools. I do not let the system run in fully automatic mode....
Nice method maahome , thanks
You can also use the maahome method but with a minimum choice of M1, M5 and M15 it must be in the same direction,
the point is don't be greedy, not all opportunities can produce
Close if profit
{quote} {image}Your indicator is good , Similar to mine , why ? yes because all sourced from the same source, standard mt4 indicator, MA RSI CCI etc Can you include the chart or the template?
This is my handy station where i can monitor
-the strength/direction short lasts maximum 1-2 hours
{quote} {image} This is my handy station where i can monitor -the strength/direction short lasts maximum 1-2 hours
Thank you for the excellent share...
keep going...
- #359
- Sep 30, 2022 7:13am Sep 30, 2022 7:13am
{quote} {image} This is my handy station where i can monitor -the strength/direction short lasts maximum 1-2 hours {quote} Ano if you need any additional indicators questions to develop your system, i am happy to assist you with, Thank you for the excellent share... keep going...
I will be call you if need specific indicator in next time
Regards
Ano
{quote} There are 3 ways to limit the number of orders 1 set LotSTrap =0 if you only want 1 order per minute , then set LotStrap1abc & LotSTrap2,2abc =0 2 Sets Timer start end according to your needs 3 of course disable autoTrading
One more thing i have experienced with opening of orders are happening against the signals / trends, if this is from M5/M15/M30/H1 why this is happening why the EA keep opening the orders, this is my suggestion ... not criticizing the excellent work..
-Mainly it should not happen against the trend. this where the loss is happening...
Is it possible to include
this is to end the cycle as per this signal
to begin the EA must look for the next opportunity for its condition again from M5-M15 . to avoid DD..