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(binned per thread starter’s request) Trading with the DTosc Indi

  • #641
  • Feb 26, 2025 1:42pm Feb 26, 2025 1:42pm
Quoting RiskFighter
{quote} Watching the log gives some errors like this: They are always there. They come from the #DTosc indicator, but it works anyway. I can do nothing about those. That is not from my robot. But again, my robot works fine even if the indicator has this problem. {image}
<error DTosc : incorrect start position 1254 for ArrayMaximum function>
The error has been corrected.
Attached File(s)
File Type: mq4 #DTosc.mq4   2 KB | 206 downloads
Wherever you go, there you are (Jon Kabat-Zinn)
  • #642
  • Feb 26, 2025 2:42pm Feb 26, 2025 2:42pm
Quoting birdland
{quote} thank you for this significantly improved version, especially that you can see the signal arrow at the bottom of the indicator and not in the chart. but it's a pity that i can't backtest it because no history is possible. or have i set something wrong?
Hello Bird

As it is not a trading robot, you cannot backtest it. An indicator would have historic data. That is right. An EA does not.

Then again, I can assure you, that the DTOsc would lose big in a back test. Because the DTOsc is full of fake signals. Even with the filters I have made allready. And when people are showing their trades here on FF, you notice that they use a lot of other tools to select trades. They even use plain experience. And they only take some few trades out of many signals. Only because they are skilled traders, they can select the right signals to trade.

I could easily make this into a trading robot. But it is not worth it. It is a good tool, but it cannot stand alone.
MetaTrader 4 - so many advantages.
  • #643
  • Feb 26, 2025 2:46pm Feb 26, 2025 2:46pm
Quoting birdland
{quote} and again when i switch from timeframes m1 or m5 to m15, the old signals from the smaller TF dont disappear. would it be better to programm just an indicator instead of an expert because its more handy? but what do I know...
No, you are right, signals does not disappear in a robot. Personally I like that.
MetaTrader 4 - so many advantages.
  • #644
  • Feb 26, 2025 3:27pm Feb 26, 2025 3:27pm
I took a random pair. GBPCAD. Here are the trades for today.

I have marked with arrows the trading signals, if trader just follow the crosses blindly. Note I only marked crosses beyond OB and OS.

Out of 8 signals, there are 2 winners - depending of your TP strategy. Winrate 1:4.

On chart number 2 you have the arrows that survive the filter of next higher TF.

On chart number 3 only 1 signal survived the next HTF again.

Timeframes are 15, 30 and 60.

So we see, that 6 fake signals disappeared. Unfortunately the best winner also disappeared. But the last signal standing, is a nice one if you see it on M15 - the number 4 chart.

Hmmm. I find this a surpricingly nice result done by the filters.
Of cause this is just one single case, nothing that can be called a statistic.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 28 KB
Click to Enlarge Name: screenshot.png Size: 26 KB
Click to Enlarge Name: screenshot.png Size: 28 KB
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MetaTrader 4 - so many advantages.
  • #645
  • Feb 26, 2025 3:40pm Feb 26, 2025 3:40pm
Quoting birdland
{quote} thank you for this significantly improved version, especially that you can see the signal arrow at the bottom of the indicator and not in the chart. but it's a pity that i can't backtest it because no history is possible. or have i set something wrong?
Hi Birdland,
Whether the following suffices i don;'t know but i reckon it is better than nothing, from a backtest pov.
In the attachment you can see the EA running in the tester in visual mode.
As you can see there are arrows on the screen and they stay there after the backtest has been made.
No, the chart is not live but then again, one is doing a historic analysis, correct? ;-)

Hope this will help somewhat.
Attached Image (click to enlarge)
Click to Enlarge Name: screenShot-visual test.PNG Size: 37 KB
  • #646
  • Feb 26, 2025 3:55pm Feb 26, 2025 3:55pm
Forex-nl is a very clever guy. And he and I is looking into maybe make this tool even better. Reults that might come will be posted here.
MetaTrader 4 - so many advantages.
  • #647
  • Feb 26, 2025 3:59pm Feb 26, 2025 3:59pm
Quoting RiskFighter
I took a random pair. GBPCAD. Here are the trades for today. I have marked with arrows the trading signals, if trader just follow the crosses blindly. Note I only marked crosses beyond OB and OS. Out of 8 signals, there are 2 winners - depending of your TP strategy. Winrate 1:4. On chart number 2 you have the arrows that survive the filter of next higher TF. On chart number 3 only 1 signal survived the next HTF again. Timeframes are 15, 30 and 60. So we see, that 6 fake signals disappeared. Unfortunately the best winner also disappeared. But the...
HI RF,

When i skipped the OB-OS filter and used the MTF Filter (with and without H1 open-direction) i got the following charts.
As you can see the initial entries were even supported by add-ons.
Maybe less is indeed more and this is even closer to the original suggestion of Island.
First chart is the MTF + H1 filter, 2nd one the MTF only filter
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPCAD - MTF + H1-directional Filters (NO OBOS).PNG Size: 41 KB
Click to Enlarge Name: GBPCAD - MTF Filter only.PNG Size: 41 KB
  • #648
  • Feb 26, 2025 4:15pm Feb 26, 2025 4:15pm
GCAD.. just using 1Hr filter nothing else.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
  • #649
  • Feb 26, 2025 4:20pm Feb 26, 2025 4:20pm
Quoting CogAlpha
GCAD.. just using 1Hr filter nothing else. {image}
HI Cog,
The filter i was referring to was the following: only long if the price is above open of the H1 bar and short if price is below the H1 open (or reg/green H1 bar)
So, nothing to do with a signal being 'active' on a higher TF.
It's just a different definition, i suppose, of the use of a higher TF ;-)
  • #650
  • Feb 26, 2025 5:22pm Feb 26, 2025 5:22pm
Quoting RiskFighter
I took a random pair. GBPCAD. Here are the trades for today. I have marked with arrows the trading signals, if trader just follow the crosses blindly. Note I only marked crosses beyond OB and OS. Out of 8 signals, there are 2 winners - depending of your TP strategy. Winrate 1:4. On chart number 2 you have the arrows that survive the filter of next higher TF. On chart number 3 only 1 signal survived the next HTF again. Timeframes are 15, 30 and 60. So we see, that 6 fake signals disappeared. Unfortunately the best winner also disappeared. But the...
Hi RF,
Have you thought about a trading time filter?
I only trade the market opens for 1.5hrs when trading activity is high. The market is pretty dead after that and false signals can occur.
Regards
Rob
Your trade order needs to be in the right place at the right time.
  • #651
  • Edited 6:55pm Feb 26, 2025 5:24pm | Edited 6:55pm
Short EJ
Update Out of EJ -1R.
Support held.
Trying a Long on AJ
Your trade order needs to be in the right place at the right time.
  • #652
  • Feb 26, 2025 6:33pm Feb 26, 2025 6:33pm
Quoting tapikotakupe
after testing resistance key level in 15 minutes the candle show bearish engulfing = rejection + close inside the band + crossing = entry . tp before support level {image}
another situation like this previous post rejection candle then entry
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 53 KB
  • #653
  • Feb 26, 2025 7:00pm Feb 26, 2025 7:00pm
Had some good trades but account going nowhere this week. Indicators
Time to do some further looking into. I have been more successful trading without them.
Lets see what the day brings. Possibly a -2R

Bingo
Your trade order needs to be in the right place at the right time.
  • #654
  • Edited 7:25pm Feb 26, 2025 7:11pm | Edited 7:25pm
Quoting Islandfx911
Had some good trades but account going nowhere this week. Indicators Time to do some further looking into. I have been more successful trading without them. Lets see what the day brings. Possibly a -2R Bingo
i think just trade it like no indicator at key levels.
we still need those sr key levels and just add the indicator in.
ultimately it is the key level that steals the show, not the indicator.
or the other way round, when indicator shows set up, check that there is key level to support the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 31 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #655
  • Feb 26, 2025 8:12pm Feb 26, 2025 8:12pm
When Trading with Oscillators, follow simple rules when looking for trade setups, then simple rules for entries , ...

knowing when to trade,

knowing where to trade,

#Learn to read the Candle#

When the Daily is NOT trending and remain in its Oscillator OS/OB region,

Setups and Entries in lower timeframe ...

This chart below is self-explanatory.

UJ Feb27 Sydney/Tokyo opening session.


Attached Image (click to enlarge)
Click to Enlarge Name: UJ Feb27 DualTF 27-2-2025 10-02-05 am.png Size: 45 KB


...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #656
  • Feb 26, 2025 8:24pm Feb 26, 2025 8:24pm
I had fallen into following the indicator routine as my wife has been a back seat driver this week and placing some trades.
I can see how detrimental this still is and without those key levels / structures to trade away from you are in trouble.
Cheers, have a good day all.
Your trade order needs to be in the right place at the right time.
  • #657
  • Feb 26, 2025 9:03pm Feb 26, 2025 9:03pm
Quoting forex-nl
{quote} HI RF, When i skipped the OB-OS filter and used the MTF Filter (with and without H1 open-direction) i got the following charts. As you can see the initial entries were even supported by add-ons. Maybe less is indeed more and this is even closer to the original suggestion of Island. First chart is the MTF + H1 filter, 2nd one the MTF only filter {image} {image}
Very impressing. I agree. It will be a problem on a more flat day I am afraid. Let us test it further.
MetaTrader 4 - so many advantages.
  • #658
  • Feb 26, 2025 9:13pm Feb 26, 2025 9:13pm
Quoting Islandfx911
{quote} Hi RF, Have you thought about a trading time filter? I only trade the market opens for 1.5hrs when trading activity is high. The market is pretty dead after that and false signals can occur. Regards Rob
Yes, that is part of your strategy and thereby our strategy.

But this is not a trading robot. You can turn it on when you want to trade. Then go make coffee and read the paper, you get a signal on your phone when there is a trade. Then, when you don't want to trade anymore, close the charts or the robot. We maybe should make an on/off button for phone signals right on the screen.
MetaTrader 4 - so many advantages.
  • #659
  • Feb 26, 2025 9:44pm Feb 26, 2025 9:44pm
Quoting Islandfx911
I had fallen into following the indicator routine as my wife has been a back seat driver this week and placing some trades. I can see how detrimental this still is and without those key levels / structures to trade away from you are in trouble. Cheers, have a good day all.
This is also about helping your wife in the future. I am 70 myself and am thinking on my wife too. So I suggest a triple EMA band. Colours as in the traffic light to make it easy. It very easy shows if the daily is trending. Then the structure has a higher chance to be ok to trade at M15. And surely if the MA´s are cluttered on HTF, there can be no trading.

I normally use EMA 20, 50 and 100.

Then I as preparation for the day find the instruments that are trending the most on HTF and put the signal robot on those.
Of cause a triple EMA band at the same chart as the EMA5 band will be way to much. Just make a template with these bands. It is so easy to change a template.

In my case I have a profile that I consult before start of trading day. That is for the main analysis and selection of instruments to trade. And then I go to a trading profile to make the trading.
MetaTrader 4 - so many advantages.
  • #660
  • Feb 26, 2025 9:55pm Feb 26, 2025 9:55pm
I have the robot on 30 instruments. All filters are on. There have been signal on 4 of them this morning.

2 things:

1) In all 4 signals the trades suggested have been against the triple ribbon and it was easy to see, that those trades should not be taken. Luckily this is not an automatic trading robot, but only suggested signals.

2) In all 4 instruments there were no arrow at the next break down. This because the H1 DTOsc was showing the other direction. So maybe this filter is a little too much? Time will show.

You will see, that I have not the EMA5 band on the chart. That is because the signal robot only gives signal, if the bar is closing inside that band, so I do not need to see it.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 34 KB
MetaTrader 4 - so many advantages.
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