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Attachments: Bollinger & MA
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Bollinger & MA

  • #221
  • Nov 20, 2022 4:09pm Nov 20, 2022 4:09pm
Quoting Merka
{quote} As per definition price touched Bollinger band and crossed the MA. If so, following trades are per rules but ended in a loss. The green circle is a buy The red circle is a sell Is that correct @RiskFighter?
Hi there

You have not attached any picture!
MetaTrader 4 - so many advantages.
  • #222
  • Nov 21, 2022 3:13am Nov 21, 2022 3:13am
Quoting Merka
{quote} As per definition price touched Bollinger band and crossed the MA. If so, following trades are per rules but ended in a loss. The green circle is a buy The red circle is a sell Is that correct @RiskFighter?
red dots at buy and sell. Two dots on each
please read and find the dots before you ask
  • #223
  • Nov 21, 2022 8:18am Nov 21, 2022 8:18am
Thank you for this great idea, RiskFighter.
I try to replace the EMA50 with Hull Moving Average 50. Please see the picture. Welcome your comments.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 104 KB
Hull Moving Average is more responsive and smooth.

I attach the hull moving average coded by myself.
The setting is as following
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 12 KB
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 13 KB
Attached File(s)
File Type: ex4 Hull moving average.ex4   58 KB | 187 downloads
  • #224
  • Nov 21, 2022 11:34am Nov 21, 2022 11:34am
Quoting dbsdsun
Thank you for this great idea, RiskFighter. I try to replace the EMA50 with Hull Moving Average 50. Please see the picture. Welcome your comments. {image}Hull Moving Average is more responsive and smooth. I attach the hull moving average coded by myself. The setting is as following {image}{image} {file}
This is a very fine idea. I am not sure though how it works compared to EMA50. It might catch more trades because the HULL is quicker to react than normal MA's. I will try it on back trading to see the difference.

Thanks for that exiting input. I have used Hull myself a lot. Also did programe a robot that traded full automatic, but it lent data from the original indicator. Never got it to be the great winner, but I think that I am not done yet.
MetaTrader 4 - so many advantages.
  • #225
  • Nov 21, 2022 9:47pm Nov 21, 2022 9:47pm
Quoting dbsdsun
Thank you for this great idea, RiskFighter. I try to replace the EMA50 with Hull Moving Average 50. Please see the picture. Welcome your comments. {image}Hull Moving Average is more responsive and smooth. I attach the hull moving average coded by myself. The setting is as following {image}{image} {file}
Now I made a walk through of your chart.

 

  1. According to rules this is not a trade. At least a wick must have been on the out side of the bollinger sideband within the last 5 bars. I know, the is a week spot of the strategy. On the other hand it does filter a lot of bad signals.
  2. Perfect. The Hull provide signal 1 bar before EMA and thereby gives a nice extra profit.
  3. Hull provide a signal which EMA50 does not give.
  4. Not a real signal because EMA is outside the bollinger band. I don't like that.
  5. Hull gives signal, but because of small signal bar it should not be traded.
  6. Nice signal from Hull which EMA did not give.
  7. Fake signal from Hull.
  8. Nice signal from both.
  9. Nice signal from Hull.

So Hull does in this case give more signals. Profit depends of the exit strategy.

Attached Image (click to enlarge)
Click to Enlarge Name: HULL.png Size: 115 KB
MetaTrader 4 - so many advantages.
  • #226
  • Nov 21, 2022 9:52pm Nov 21, 2022 9:52pm
Quoting dbsdsun
Thank you for this great idea, RiskFighter. I try to replace the EMA50 with Hull Moving Average 50. Please see the picture. Welcome your comments. {image}Hull Moving Average is more responsive and smooth. I attach the hull moving average coded by myself. The setting is as following {image}{image} {file}
So how can we use this?
It provides more signals. I am trading M30 in order to get many signals every day in order to be able to choose the best signals. But I think that H1 or greater TF is more reliable. So using Hull it would be possible to go to higher timeframes. I will try and follow that for some time.
MetaTrader 4 - so many advantages.
  • #227
  • Nov 22, 2022 12:12am Nov 22, 2022 12:12am
7. Fake signal from Hull.
the second red bar touch lower band, we shouldn't short when the signal bar touch lower band, should we?
lower band means lower extreme.
  • #228
  • Nov 22, 2022 2:41am Nov 22, 2022 2:41am
Quoting dbsdsun
7. Fake signal from Hull. the second red bar touch lower band, we shouldn't short when the signal bar touch lower band, should we? lower band means lower extreme.
You are of cause right. And I also wrote that in Post #1. So this is not a trade.

However in practise I take a look at confluensers and if it is strongly supported, a nice trend etc. I take the trade anyway.
MetaTrader 4 - so many advantages.
  • #229
  • Nov 22, 2022 7:19am Nov 22, 2022 7:19am
Quoting RiskFighter
{quote} Hi Aranneera In post 209 I said, that you made a fine trade, but there were no BMA signal. And that is still true. But I have today updated Post #1 and discovered a flaw in the text. I can see, that you are doing how Post #1 tells, so this is my fault. The line I have edited is this: EMA50 Must be crossed within 3 - 5 bars after crossing over the Bollinger side band. Otherwise find another trade. I think that you should read post 1 again. Because of this requirement there are many, many signals that BMA doesn't get, but on the other side,...
Thank you for posting the clarification. Godwilling will trade accordingly as per the new update.
  • #230
  • Nov 23, 2022 2:54am Nov 23, 2022 2:54am
Quoting RiskFighter
{quote} Hi Aranneera In post 209 I said, that you made a fine trade, but there were no BMA signal. And that is still true. But I have today updated Post #1 and discovered a flaw in the text. I can see, that you are doing how Post #1 tells, so this is my fault. The line I have edited is this: EMA50 Must be crossed within 3 - 5 bars after crossing over the Bollinger side band. Otherwise find another trade. I think that you should read post 1 again. Because of this requirement there are many, many signals that BMA doesn't get, but on the other side,...
The line I have edited is this:

 

  1. EMA50 Must be crossed within 3 - 5 bars after crossing over the Bollinger side band. Otherwise find another trade.

    Is it mandatory to be from 3 bars, if you cut at bar 1 or 2, is there any trade?

  • #231
  • Nov 23, 2022 6:24am Nov 23, 2022 6:24am
Quoting tienphuc2910
{quote} The line I have edited is this: EMA50 Must be crossed within 3 - 5 bars after crossing over the Bollinger side band. Otherwise find another trade. Is it mandatory to be from 3 bars, if you cut at bar 1 or 2, is there any trade?
Every trade that appears until the 5th. bar is valid. 1 to 3 is just better.
MetaTrader 4 - so many advantages.
  • #232
  • Nov 23, 2022 6:48am Nov 23, 2022 6:48am
@RiskFigher ...Today made overall $80 profit on my demo testing. This strategy is doing good. Only thing is when to exit/target. As you kept it open for us to decide... What I do is whenever I see $10+ total profit I close all trades manually. And wait for 'Robot' to give the next signal. Some trade I do close in negative. But overall on 0.1 Lot size - in few hrs of trading average $80 is great! Thank you Sir - May God bless.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB
  • #233
  • Nov 23, 2022 6:54am Nov 23, 2022 6:54am
Quoting aranneera
@RiskFigher ...Today made overall $80 profit on my demo testing. This strategy is doing good. Only thing is when to exit/target. As you kept it open for us to decide... What I do is whenever I see $10+ total profit I close all trades manually. And wait for 'Robot' to give the next signal. Some trade I do close in negative. But overall on 0.1 Lot size - in few hrs of trading average $80 is great! Thank you Sir - May God bless. {image}
That is a very fine exit strategy. Nice that you get some profit.

You know that I take only 1-3 trades and close for the day when I have a small profit. This is working so I will continue that. See the chart which is the trade today.
I could have taken much more profit, but it works like everyday is in posive profit.
But I will now open a new account with a new exit strategy. When I take a trade, it will exit whenever a bar closes outside one of the sidebands. I think most time it will be positive profit.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 39 KB
MetaTrader 4 - so many advantages.
  • #234
  • Edited 7:24am Nov 23, 2022 6:58am | Edited 7:24am
Quoting aranneera
@RiskFigher ...Today made overall $80 profit on my demo testing. This strategy is doing good. Only thing is when to exit/target. As you kept it open for us to decide... What I do is whenever I see $10+ total profit I close all trades manually. And wait for 'Robot' to give the next signal. Some trade I do close in negative. But overall on 0.1 Lot size - in few hrs of trading average $80 is great! Thank you Sir - May God bless. {image}
So it looks like you trade all the signals is that right? You do not analyze the signals in order to only trade the best? Nothing wrong in that approach. I think it will work fine.
MetaTrader 4 - so many advantages.
  • #235
  • Nov 23, 2022 7:50am Nov 23, 2022 7:50am
Quoting RiskFighter
{quote} So it looks like you trade all the signals is that right? You do not analyze the signals in order to only trade the best? Nothing wrong in that approach. I think it will work fine.
Yes true I take all trades.. sometimes I do check... but 90% of times I just take the trade without thinking much!
  • #236
  • Nov 23, 2022 11:04am Nov 23, 2022 11:04am
Hello Riskfighter,

I've been testing on the 1 minute chart for the past two days
With amazing results, you can easily secure 30-50 pips and you get lots of signals as well. But you have to be fast so close the deal in less than 5 minutes

Did you get to try it?
  • #237
  • Nov 23, 2022 10:13pm Nov 23, 2022 10:13pm
Quoting aranneera
@RiskFigher ...Today made overall $80 profit on my demo testing. This strategy is doing good. Only thing is when to exit/target. As you kept it open for us to decide... What I do is whenever I see $10+ total profit I close all trades manually. And wait for 'Robot' to give the next signal. Some trade I do close in negative. But overall on 0.1 Lot size - in few hrs of trading average $80 is great! Thank you Sir - May God bless. {image}
I see you don't set stoplose, so if the price goes against the direction, how do you handle it. If I forget to close the order, my account can be burned?
This way sounds interesting, I will try this way, but close the order with EA
  • #238
  • Nov 23, 2022 10:41pm Nov 23, 2022 10:41pm
Quoting marwanm
Hello Riskfighter, I've been testing on the 1 minute chart for the past two days With amazing results, you can easily secure 30-50 pips and you get lots of signals as well. But you have to be fast so close the deal in less than 5 minutes Did you get to try it?
Very interesting!

  1. Are you taking all trades or selecting the best?
  2. What are your exit criteria?

MetaTrader 4 - so many advantages.
  • #239
  • Nov 23, 2022 11:34pm Nov 23, 2022 11:34pm
Thread status.

  1. Many people have tried the robot / strategy, and they all seem to get profit.
  2. People have started sharing their way of using the robot. And it is most interesting and very valuable for me and everybody else.

Please keep reporting!!! Profitable? RiskReward, number of trades, Timeframe, exit criteria, supporting indicators or Price Action, anything else of interest??

MetaTrader 4 - so many advantages.
  • #240
  • Nov 24, 2022 12:35am Nov 24, 2022 12:35am
Quoting marwanm
Hello Riskfighter, I've been testing on the 1 minute chart for the past two days With amazing results, you can easily secure 30-50 pips and you get lots of signals as well. But you have to be fast so close the deal in less than 5 minutes Did you get to try it?
during what time and which session did you try?
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