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Bollinger & MA

  • #281
  • Dec 2, 2022 1:49am Dec 2, 2022 1:49am
Quoting teapeak
{quote} Thanks for reply. I used fixed TP=4 pips. Regarding graphical question if you mean you wrote that this is EA and not indicator then ok I thouht that it is possible to leave some marks even in EA. Please answer also to my question regarding Renko. Thank you.
The organisation of an EA and an indicator is very different. So, no can't be done to my knowledge.

About Renko. The biggest problem in Renko is to avoid the ranging parts. The BMA finds the bounces which leads to trending. So yes, it will be usefull for Renko users.

However there will be a difference which is on the minus page. The BMA strategy counts 5 bars after crossing on the Bollinger sideband. If there were no cross on the EMA50 within those 5 bars, then go find another trade. But using Renko those 5 bars can easily be contained in one or two Renko bars. This means that BMA gives a lot more signal using Renko. And I am not sure that this is healthy.

So Renko - don't know for sure. Try it and let your fellow traders know in a new post.
MetaTrader 4 - so many advantages.
  • #282
  • Dec 2, 2022 5:42am Dec 2, 2022 5:42am
Quoting RiskFighter
{quote} The organisation of an EA and an indicator is very different. So, no can't be done to my knowledge. About Renko. The biggest problem in Renko is to avoid the ranging parts. The BMA finds the bounces which leads to trending. So yes, it will be usefull for Renko users. However there will be a difference which is on the minus page. The BMA strategy counts 5 bars after crossing on the Bollinger sideband. If there were no cross on the EMA50 within those 5 bars, then go find another trade. But using Renko those 5 bars can easily be contained in...
EA can not mark on chart. It's difficult to evaluate EA signals. Could you please share the kernel part code? so I can adopt the logic to an indicator and mark on charts. thx
  • #283
  • Edited 12:18pm Dec 2, 2022 12:08pm | Edited 12:18pm
Quoting dbsdsun
{quote} EA can not mark on chart. It's difficult to evaluate EA signals. Could you please share the kernel part code? so I can adopt the logic to an indicator and mark on charts. thx
As to my knowledge there is a way in EA to create Label Object or Text, so I think its solvable....
see here : https://docs.mql4.com/constants/obje...ject/obj_label
  • #284
  • Dec 2, 2022 3:16pm Dec 2, 2022 3:16pm
Quoting teapeak
{quote} As to my knowledge there is a way in EA to create Label Object or Text, so I think its solvable.... see here : https://docs.mql4.com/constants/obje...ject/obj_label
Those commands are used in present times. I of cause have used them a lot during the years.

But in order to go back in time and use loads of data, then you need to use indexing. I print here an example from one of the very few Indicators I have made. It is only the start of the code. Most of the commands in this short code snip cannot be used in EA's. Therefore EA's are not built to work with large amount of backword indexing data.

------------------------------------------------------------------------------------------------------
#property indicator_separate_window
#property indicator_buffers 8
#property strict
//---- parameters
input int MA_Length = 40;
input bool RisingRedMomentum = false;
input bool RisingGreenMomentum = false;

//---- buffers
double GreenBuffer[];
double DarkGreenBuffer[];
double RedBuffer[];
double DarkRedBuffer[];
double BufferMoment[];
double BufferMomentLine[];
//----
int ExtCountedBars = 0;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//|------------------------------------------------------------------|
int init()
{
//---- indicators
SetIndexStyle(0, DRAW_HISTOGRAM, 0, 1, clrLawnGreen);
SetIndexBuffer(0, GreenBuffer);
SetIndexStyle(1, DRAW_HISTOGRAM, 0, 1, clrRed);
SetIndexBuffer(1, RedBuffer);
SetIndexStyle(2, DRAW_LINE, 0, 1, clrRoyalBlue);
SetIndexBuffer(2, BufferMoment);
SetIndexStyle(3, DRAW_LINE, 0, 1, clrYellow);
SetIndexBuffer(3, BufferMomentLine);
SetIndexStyle(4, DRAW_HISTOGRAM, 0, 1, clrMaroon);
SetIndexBuffer(4, DarkRedBuffer);
SetIndexStyle(5, DRAW_HISTOGRAM, 0, 1, clrDarkGreen);
SetIndexBuffer(5, DarkGreenBuffer);
MetaTrader 4 - so many advantages.
  • #285
  • Dec 2, 2022 3:33pm Dec 2, 2022 3:33pm
Quoting dbsdsun
{quote} EA can not mark on chart. It's difficult to evaluate EA signals. Could you please share the kernel part code? so I can adopt the logic to an indicator and mark on charts. thx
OK. Sometime this weekend I will clean up the code and upload the MQ4 file.
MetaTrader 4 - so many advantages.
  • #286
  • Dec 2, 2022 3:53pm Dec 2, 2022 3:53pm
There are loads of people here on FF that are not able of programming a robot. That is a shame. So here is a tip for you:

Raimund Bauer has an YouTube channel about programming. Here you can learn to program robots for free while whatching his 100+ videos. You need to know a little about coding to start with.

Even better! Buy his course. It is cheap. And you don't have to know anything about programming on forehand. And you have Raimunds support.

You can program your first simple robot within a few days. But of cause it takes lots of effort to become the master ;O)

MQL4 TUTORIAL - SIMPLE EMA EXPERT ADVISOR - YouTube.

BUT be advised - Indicators are a bit more difficult. Start with the EA's !

I should say that I do not know the man, have never spoked to him and I do not get affiliate money from him. There are many other youtubers around that teaches MQ4 robots. I just think this man is the best. Another one is Jim Dandy. But I think he is a bit more advanced.
MetaTrader 4 - so many advantages.
  • #287
  • Dec 2, 2022 6:16pm Dec 2, 2022 6:16pm
Quoting RiskFighter
{quote} OK. Sometime this weekend I will clean up the code and upload the MQ4 file.
Looking forward to you sharing the mq4 file so that we can write EAs for backtesting
Looking forward to you sharing the mq4 file so that we can write EAs for backtesting
  • #288
  • Dec 2, 2022 8:51pm Dec 2, 2022 8:51pm
Quoting tienphuc2910
{quote} Looking forward to you sharing the mq4 file so that we can write EAs for backtesting Looking forward to you sharing the mq4 file so that we can write EAs for backtesting
But you cannot!

 

  1. The BMA strategy says that you manually must chose your trades from the signals. You should not take all signals. The BMA does not tell which of the signals you should trade. That means that the picking of trades is subjective.
  2. The BMA have no exit strategy. Then you cannot test it. So in order to fix that, you have to insert a test strategy and then it is no longer the BMA you are testing.

MetaTrader 4 - so many advantages.
  • #289
  • Dec 2, 2022 9:02pm Dec 2, 2022 9:02pm
Quoting tienphuc2910
{quote} Looking forward to you sharing the mq4 file so that we can write EAs for backtesting Looking forward to you sharing the mq4 file so that we can write EAs for backtesting
I think that first step must be to have the indicator that DBSDSUN makes and do some papertests.

 

  1. Can we find some rules or support indicators to narrow the number of signals?
  2. Can we find some exit methods that seem to work better?
  3. Can we find some instruments that are better than others?

Then we might be able to program automatic buying and selling. Then we can test!

MetaTrader 4 - so many advantages.
  • #290
  • Dec 2, 2022 9:07pm Dec 2, 2022 9:07pm
Quoting RiskFighter
{quote} I think that first step must be to have the indicator that DBSDSUN makes and do some papertests. Can we find some rules or support indicators to narrow the number of signals? Can we find some exit methods that seem to work better? Can we find some instruments that are better than others? Then we might be able to program automatic buying and selling. Then we can test!
if we have mq4 we will easily add indicators to filter. It helps us to check faster. Don't mind if you share me the mq4 file. Otherwise, thank you for the great topic
  • #291
  • Dec 2, 2022 9:46pm Dec 2, 2022 9:46pm
Quoting tienphuc2910
{quote} if we have mq4 we will easily add indicators to filter. It helps us to check faster. Don't mind if you share me the mq4 file. Otherwise, thank you for the great topic
I will :O)
MetaTrader 4 - so many advantages.
  • #292
  • Dec 5, 2022 6:10am Dec 5, 2022 6:10am
Hi,
Started to play with this strategy on a $200 new demo account ,
Today entered 12 trades, 10 wins and 2 losses
PnL: 22%


A contribution, an indi that shows signal arrow and plots BB + MA
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDM30.png Size: 28 KB


Attached File(s)
File Type: ex4 BB_MA_Signals.ex4   13 KB | 370 downloads
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 25 KB
  • #293
  • Dec 5, 2022 7:28am Dec 5, 2022 7:28am
Quoting kook
Hi, Started to play with this strategy on a $200 new demo account , Today entered 12 trades, 10 wins and 2 losses PnL: 22% A contribution, an indi that shows signal arrow and plots BB + MA {image} {file}{image}
Fantastic. I think I have hit the nail with the hammer at this strategy! Thank you for this test.

So what did you use for SL and TP?
And was it allways M30.
And did you take all signals until 14:00 or just some of them??

Thank you for the indicator. I should have printed those errors my self. Did not think about it, because I set the backgrount to a colour at signals, offer alarms both on screen and on mobile phone.
MetaTrader 4 - so many advantages.
  • #294
  • Dec 5, 2022 7:30am Dec 5, 2022 7:30am
Quoting RiskFighter
{quote} I will :O)
Sorry I am very busy. It will come to you.
MetaTrader 4 - so many advantages.
  • #295
  • Dec 5, 2022 8:13am Dec 5, 2022 8:13am
Quoting RiskFighter
{quote} Fantastic. I think I have hit the nail with the hammer at this strategy! Thank you for this test. So what did you use for SL and TP? And was it allways M30. And did you take all signals until 14:00 or just some of them?? Thank you for the indicator. I should have printed those errors my self. Did not think about it, because I set the backgrount to a colour at signals, offer alarms both on screen and on mobile phone.
I see from the statement that he is aiming for 20 pips as a TP.
  • #296
  • Dec 5, 2022 8:16am Dec 5, 2022 8:16am
Quoting teapeak
{quote} I see from the statement that he is aiming for 20 pips as a TP.
OK. But he only have set SL on 4 out of 12. Wonder why.

I just checked. At the pairs he traded, he took everything. Only missed a few.
MetaTrader 4 - so many advantages.
  • #297
  • Dec 5, 2022 8:49am Dec 5, 2022 8:49am
Quoting aranneera
{image}
How is it going - still happy??
Any development in your strategy?
MetaTrader 4 - so many advantages.
  • #298
  • Dec 5, 2022 9:24am Dec 5, 2022 9:24am
Quoting RiskFighter
{quote} Fantastic. I think I have hit the nail with the hammer at this strategy! Thank you for this test. So what did you use for SL and TP? And was it allways M30. And did you take all signals until 14:00 or just some of them?? Thank you for the indicator. I should have printed those errors my self. Did not think about it, because I set the backgrount to a color at signals, offer alarms both on screen and on mobile phone.
Just went through the thread, and decided to give it a try on a small demo account and a new MT4 instance .
The idea is to get signals and act upon them with discretion. Usually only follow 2 or 3 assets. This allows me to get plenty more opportunities (tracking 30 assets, majors, minors and gold) if I like what I see. On 2 or 3 of the trades I went against the signal because order flow or structure was developing to the other side. The signals were "just a" 1 bar pullback or mitigation of the real price direction, or I got lucky.

Used M30 as-is with the "robot" to get the signals. The EA is sending only some signals, Every time the popup dialog shows up, there are more signals there then the notifications I've got. The background color change is a very nice thing.
If I don't like the sl because is too far way I setup and alarm and decide what to do.
Positions were 3 and 5 micros and TP between 10 and 25 pips. I decide upon the PA and near S/R zones. 10 to 25 pips in M30 are short trades. One of the goals is to get 5/6 short trades and call the day.
Had a big trade loss, -$22 cause was doing too many things at the same time and had several trades open. PnL went up to 28%, then started to shrink and I closed all the trades.
From the alerts dialog I got around 26/27 signals. Some in the same asset.

The goal is to keep testing this system for some time and see the overall result. One day results mean nothing.
  • #299
  • Dec 5, 2022 2:58pm Dec 5, 2022 2:58pm
Quoting kook
{quote} Just went through the thread, and decided to give it a try on a small demo account and a new MT4 instance . The idea is to get signals and act upon them with discretion. Usually only follow 2 or 3 assets. This allows me to get plenty more opportunities (tracking 30 assets, majors, minors and gold) if I like what I see. On 2 or 3 of the trades I went against the signal because order flow or structure was developing to the other side. The signals were "just a" 1 bar pullback or mitigation of the real price direction, or I got lucky. Used M30...
Thank you very much for this deep explanation.
MetaTrader 4 - so many advantages.
  • #300
  • Dec 5, 2022 3:03pm Dec 5, 2022 3:03pm
Here is the code. I have deleted a ton of codelines and remarks. Hope it still works.

The code is not documented, because I never expected someone else to have it. But hey - this is very simple stuff.

I hope someone (or more than one) will take the opportunity to improve the code with new functions. I suggest this naming if you does:

BMA_VersionX_"Your profile name"
Attached File(s)
File Type: mq4 BMA_V1_RiskFighter.mq4   15 KB | 376 downloads
MetaTrader 4 - so many advantages.
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