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Bollinger & MA

  • #241
  • Nov 24, 2022 1:22am Nov 24, 2022 1:22am
Quoting tienphuc2910
{quote} 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
Yes true Risk is there! I am testing on demo only as of now and trading 0.1 lot fixed lot size for each trade. I do close negative positions as well. Also my intention is to close all if my overall M2M goes to -50$ as well. (overall profit +10$ on open positions also be closed). To be frank till now overall -$50 never went!!

Also we can set SL range at Top or Bottom of BB.
  • #242
  • Nov 24, 2022 3:08am Nov 24, 2022 3:08am
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}
Below is the Script to close all open orders (instead of closing one by one manually .. this would save your 2seconds!!)
File - Open data folder - MQL4 - Scripts

This is script - you need need to place this file in "Scripts" folder. once you refresh your Navigator section on mt4 you will be able to see this in scripts section.
Attached File(s)
File Type: mq4 Close all open positions.mq4   1 KB | 213 downloads
  • #243
  • Nov 24, 2022 3:13am Nov 24, 2022 3:13am
Quoting RiskFighter
Thread status. Many people have tried the robot / strategy, and they all seem to get profit. 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??
Iam taking all trades, as it should be a very quick buy/sell. The exit criteria is a manual stop loss after profit/loss

1. Get the signal on the mobile
2. Execute
3. Watch it for a couple of minutes
4. Manual set of stop loss whether its profiting or losing, but majority of trades are winning in the past two days 63 signals in profit 9 in loss (i aim for 30-50 points profit or loss)

I also noticed that the 5 minutes frame barely generates signals, so i will test the 15 minutes frame next week also.
  • #244
  • Nov 24, 2022 3:17am Nov 24, 2022 3:17am
Quoting dbsdsun
{quote} during what time and which session did you try?
Europe and US session
Im in +3 gmt time zone so i start around 9Am and signals are valid till 10 PM

After that, any entry is risky as the market is too random.

Also i have noticed that the 5 minutes frame almost doesn't generate any signals, so i will try the 15 minutes TF
  • #245
  • Nov 24, 2022 3:27am Nov 24, 2022 3:27am
SCRIPTs
Change TF for all pair
Change Template for all pair
enjoy..
Attached File(s)
File Type: mq4 ChgTF-D1.mq4   2 KB | 233 downloads
File Type: mq4 ChgTF-H1.mq4   2 KB | 259 downloads
File Type: mq4 ChgTF-H4.mq4   2 KB | 261 downloads
File Type: mq4 ChgTF-M15.mq4   3 KB | 246 downloads
File Type: mq4 ChgTF-M30.mq4   2 KB | 246 downloads
File Type: mq4 ChgTF-W1.mq4   2 KB | 246 downloads
File Type: mq4 Templates v1.0.mq4   < 1 KB | 254 downloads
  • #246
  • Nov 24, 2022 4:16am Nov 24, 2022 4:16am
Excuse me, does this entry follow your rules? I think it does.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 72 KB
  • #247
  • Nov 24, 2022 4:28am Nov 24, 2022 4:28am
Quoting marwanm
{quote} Europe and US session Im in +3 gmt time zone so i start around 9Am and signals are valid till 10 PM After that, any entry is risky as the market is too random. Also i have noticed that the 5 minutes frame almost doesn't generate any signals, so i will try the 15 minutes TF
Nice!

I trade M30 for now. I also think that there are fewer signals than I expected.
MetaTrader 4 - so many advantages.
  • #248
  • Nov 24, 2022 4:32am Nov 24, 2022 4:32am
Quoting marwanm
{quote} Europe and US session Im in +3 gmt time zone so i start around 9Am and signals are valid till 10 PM After that, any entry is risky as the market is too random. Also i have noticed that the 5 minutes frame almost doesn't generate any signals, so i will try the 15 minutes TF
I failed to convert your time to London time or New York time. In my experience, 1 min can be tried in Sydney session or Tokyo session. Europe session and New York session are not good for 1 min trading, too violent.
violent
  • #249
  • Nov 24, 2022 4:38am Nov 24, 2022 4:38am
Quoting dbsdsun
Excuse me, does this entry follow your rules? I think it does. {image}
Well, my rules says:

  1. The rules trendline is EMA50. Your trendline is Hull which are quicker to take a trade. Can be a plus or a minus. Here it was minus. The EMA50 might not have given a signal. Since you are not trading Forex I cannot test that.
  2. Analyze the situation and find the best trades which are trending nicely. This trade is in ranging. And a small range it is.
  3. You are trading Germany indicies, I have only developed this for Forex. Indicies often are quite dynamic.

So this is not a trade I would take.

MetaTrader 4 - so many advantages.
  • #250
  • Nov 24, 2022 4:43am Nov 24, 2022 4:43am
Quoting RiskFighter
{quote} Well, my rules says: The rules trendline is EMA50. Your trendline is Hull which are quicker to take a trade. Can be a plus or a minus. Here it was minus. The EMA50 might not have given a signal. Since you are not trading Forex I cannot test that. Analyze the situation and find the best trades which are trending nicely. This trade is in ranging. And a small range it is. You are trading Germany indicies, I have only developed this for Forex. Indicies often are quite dynamic. So this is not a trade I would take. But yes, the robot is giving...
Thanks for your answer. Before I play forex, then I think indicies are more stable/smooth. Indicies are combined with multiple stocks.
  • #251
  • Nov 24, 2022 4:49am Nov 24, 2022 4:49am
Quoting RiskFighter
{quote} Well, my rules says: The rules trendline is EMA50. Your trendline is Hull which are quicker to take a trade. Can be a plus or a minus. Here it was minus. The EMA50 might not have given a signal. Since you are not trading Forex I cannot test that. Analyze the situation and find the best trades which are trending nicely. This trade is in ranging. And a small range it is. You are trading Germany indicies, I have only developed this for Forex. Indicies often are quite dynamic. So this is not a trade I would take.
Exactly its violent but gets your target quickly, sydney and tokyo are too random

Try 1 minute again and set you tp/sl to 50 pips
Or trail manually
  • #252
  • Nov 24, 2022 6:36am Nov 24, 2022 6:36am
Quoting dbsdsun
{quote} Thanks for your answer. Before I play forex, then I think indicies are more stable/smooth. Indicies are combined with multiple stocks.
I do not agree that indices are easier to play. But you are most welcome to trade as you like. I hope that you will share som results with us :-O. Maybe you can convince me.
MetaTrader 4 - so many advantages.
  • #253
  • Nov 24, 2022 6:39am Nov 24, 2022 6:39am
Quoting marwanm
{quote} Exactly its violent but gets your target quickly, sydney and tokyo are too random Try 1 minute again and set you tp/sl to 50 pips Or trail manually
The pips that I use in stoploss are different from trade to trade. I set SL to the last swing or a little outside the BB sideband. Then I set TP to half the amount of pips.

I have not triede M1 yet. Normally I do not trade below M30. But I will try it when I get time.
MetaTrader 4 - so many advantages.
  • #254
  • Nov 24, 2022 7:22am Nov 24, 2022 7:22am
Quoting RiskFighter
{quote} I do not agree that indices are easier to play. But you are most welcome to trade as you like. I hope that you will share som results with us :-O. Maybe you can convince me.
One more point.
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.
Your strategy means:
price drops to the lower limit (lower band) in current time frame then bounces, and ema50(long term, or higher time frame) says "go up", then we enter long trade.

if
1. lower limit in higher time frame > lower limit in current time frame
2. price drops to lower band of higher time frame and bounces, price does not touch low band of current time frame.
3. ema50 says "go up"

can we open long position? Maybe, the week spot of the strategy can be improved.
thx for your reply.
  • #255
  • Nov 24, 2022 11:50am Nov 24, 2022 11:50am
Quoting dbsdsun
{quote} One more point. 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. Your strategy means: price drops to the lower limit (lower band) in current time frame then bounces, and ema50(long term, or higher time frame) says "go up", then we enter long trade. if 1. lower limit in higher time frame > lower limit in current time frame 2. price drops to lower band of higher time frame and bounces, price does not touch low band of current time frame. 3. ema50 says...
In general this strategy is about 1: The price coming home to the trendline. 2: The price is bouncing off with a strong signal bar to continue the trend. This process is supported by BB and Stochastic. This is enough to provide a lot of signals. You do not need to conciter anything else. It is ok though to look at higher timeframes to get an idea of the larger movement.

But yes, you have described a week spot. I take it that your #3 means EMA50 in current timeframe. We do not get a signal from the robot then. I will say 2 things:

  1. You are allowed to trade using common sense. But in that case you are taking the trade based on a higher timeframe.
  2. But if you are getting enough signals from the robot, then why bother?

Personally I will not take a trade where the wick in current timeframe has not crossed beyond the Bollinger sideband. No matter what.

Thank you for this analyse and yes the strategy surely can be improved. I will work on that.

MetaTrader 4 - so many advantages.
  • #256
  • Nov 24, 2022 9:12pm Nov 24, 2022 9:12pm
this is what I mean.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2022-11-25 140240.png Size: 43 KB
  • #257
  • Nov 25, 2022 5:39am Nov 25, 2022 5:39am
Quoting dbsdsun
this is what I mean. {image}
I am a bit uncertain of what you are trying. But let me tell you, it is very seldom that an indicator gives the same signal at 2 different timeframes. And it is way to much to try and find signals that way. There are 3 possibilities in my book.

  1. You get a signal. Is it supported by THE TREND in larger TF. Then go.
  2. You get a signal. Go to a lower TF and enter a trade at first possible signal. Could be Price Action or anything else.
  3. You get a signal. Only analyze at the current TF. Is the trend steep. Is signalbar strong. Support by Stochastics. And what have you else of supporting stuff. Then you have a high possibility of a bounce from the TF. GO for it.

I use #3, but does take a short look to check the trends in higher TF. If it is against the trend in HTF then I often trade it anyway. I then set e very small TP.

There are cases when you get a signal with a small signalbar that manage to cross both BB sideband and EMA50. That is dangerous. Await next bars before taking the trade.

MetaTrader 4 - so many advantages.
  • #258
  • Nov 26, 2022 12:29am Nov 26, 2022 12:29am
Thanks for the thread the work and all the knowledge @RiskFighter

I am still quite a newbie, I know the basics of course but am not into topics like SMC or wyckoff. That's why I like your strategy with clear rules very much. Do you think it's possible to make 2-3% monthly consistently over years with prop companies? You could later go to higher timeframes like the M30, just to increase the winrate.
  • #259
  • Nov 28, 2022 4:31pm Nov 28, 2022 4:31pm
OK, I am trading the M30. I think there are to few signals. What to do. Some times the price does not reach out of the sidebands before the trend turn around. We will get more signals if the sidebands get closer to the middle band. But how much? Sidebands have the value 2. I will make that variable in the robot. We can then try different values.

I must programme it. It will hopefully be made some times this week.
MetaTrader 4 - so many advantages.
  • #260
  • Edited 5:01pm Nov 28, 2022 4:36pm | Edited 5:01pm
So how is my PROP validation going? I have made 3%. Have used half of the time and I need to make 5% more. Not good enough, but I can make it.

I have traded 10 days. During those days I have only had 1 day with negative profit. It was 1% negative. So it is 9 days with positive profit.

There were 3 days were I did not find a signal to my like. So no trading.

So I am behind the schedule. How do I get back on track?
Well, I started out with risking 1% per trade. And TP was set to 0.5%. I did know, that this were likely a to small risk.
I have now set my risk to 1.5%. Hence the profit is now 0.75%.
If that ain't enough I can increase my risk further and thereby get a higher profit. As long as the days mostly are in profit, there is no problem in increasing the risk.
MetaTrader 4 - so many advantages.
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