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Auslanco 15min GBP/JPY startegy

  • #21
  • Sep 2, 2007 4:21am Sep 2, 2007 4:21am
Quoting maheswara
Aus can u comment on the correctness of this chart below (on mt4)
MT4 signals are slightly different. This could be due to different broker platforms. this shouldn't be a big problem.
  • #22
  • Sep 2, 2007 4:26am Sep 2, 2007 4:26am
mine has 2 more arrows than yours.
what's the problem?
i use ibfx.
Quoting maheswara
Hey here is the mt4 template , instead of another arrow , the alert is in sound form for qqe crossing , will be helpful if someone can make the arrow crossing indicator instead of sound alert , N Aus can u comment on the correctness of this chart below (on mt4)
Attached Image (click to enlarge)
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  • #23
  • Sep 2, 2007 5:00am Sep 2, 2007 5:00am
I just back tested this strategy on MT4. It seem to be this stategy works awsome on trending markets but fails on ranging markets.
  • #24
  • Sep 2, 2007 5:21am Sep 2, 2007 5:21am
Here is an updated version of my MT4-LevelStop-Reverse indicator. This one has some bug fixes and some changes to the configuration to make it a bit easier.

Note, I've started naming the file with the version. Before installing this, if you downloaded my previous version, go to your indicators folder on MT4 and delete "MT4-LevelStop-Reverse.mq4" and "MT4-LevelStop-Reverse.ex4". That will avoid confusion about which one to use. This file is called "MT4-LevelStop-Reverse-vB0-2.mq4".

Also, if you want to save a template with this indicator setup, you will need to perform one step first. The arrows that get drawn on the chart are objects that the indicator will delete when unloaded. However, when you save a template, it saves the objects as well which means those arrows will come back every time you load the template which is not the desired behavior. You want the indicator to create and remove the objects. When you have your screen all setup and you want to save the template, first right-click on the chart and choose "Object List". Delete any objects with the name "VTS-xxxxx". Then save your template. The arrows will not be there anymore, but as soon as you reload the template, the indicator will draw them again.

Beta Version 0.2 September 2, 2007

This is a combination of two VT Trader trading systems. The first is the default VT-LevelStop-Reverse and the second is one that was modified to allow customizing the ATR settings for calculating the stop line. I've tried to combine these 2 versions into a single MT4 indicator.

The default VT version allows you to use two modes, optimized, and manual.
Optimized mode calculates the stop line by using a 14 period EMA smoothed ATR(14) multiplied by a fixed multiplier of 2.824. In manual mode, you set a fixed number of pips you want the stop line to be drawn. In my MT4 version, there are two modes:

1. ATR mode (customizable ATR period, multiplier, and smoothing)
2. Fixed stop mode (customizable fixed stop)

The input parameters are as follows:

  1. UseATRMode - This calculates the stop line based on ATR using customizable period, multiplier and smoothing.
  2. NonATRStopPips - If "UseATRMode" is false, then this value is the number of fixed pips to place the stop line.
  3. ATRPeriod - If "UseATRMode" is true, then this sets the ATR period.
  4. ATRMultiplier - If "UseATRMode" is true, then the ATR value will be multiplied by this value when calculating the stop line.
  5. ATRSmoothing -If "UseATRMode" is true, then this will smooth the selected ATR with an EMA of this smoothing period.
  6. UpArrowColor - The color the Up arrows will display in.
  7. DnArrowColor - The color the Down arrows will display in.
  8. ArrowDistance - The number of pips away from the high or low of the bar that the arrow should display.


On the colors tab, only the first color is used. It is the color of the dotted
stop line.

For Auslanco's 15M strategy posted at the beginning of this thread, use the following settings:
UseATRMode = true
ATRPeriod = 9
ATRMultiplier = 3.0
ATRSmoothing = 0

For the default VT-LevelStop-Reverse behavior, set the following:
UseATRMode = true
ATRPeriod = 14
ATRMultiplier = 2.824
ATRSmoothing = 14

To use this indicator, copy it to your <MetaTrader Folder>\experts\indicators
folder. Then restart MT4. It will appear in the custom indicators list.

This is version Beta 0.2. As I get feedback, I will release newer versions as needed.

Attached File(s)
File Type: mq4 MT4-LevelStop-Reverse-vB0-2.mq4   12 KB | 3,438 downloads
  • #25
  • Sep 2, 2007 7:14am Sep 2, 2007 7:14am
I have the indicators in the strategy builder, but how do I get them to the chart??

I'm using VT.

Sorry, I'm computer stupid.


Thanks,

Brandon
  • #26
  • Sep 2, 2007 7:31am Sep 2, 2007 7:31am
Quoting JDAMv3
I have the indicators in the strategy builder, but how do I get them to the chart??

I'm using VT.

Sorry, I'm computer stupid.


Thanks,

Brandon
Hi Brandon, you right click on the chart and then click "add trading system" then click "vt-level stop-reverse system 02". make sure you click the one with the 02 on the end. because there is a vt default "vt level stop reverse system" and you dont want that so dont get confused. you do the same for the "QQE ALERT" once you add it also in your strategy builder. the QQE alert is what gives you the dots. Hope this helps.
  • #27
  • Sep 2, 2007 7:49am Sep 2, 2007 7:49am
Quoting bill77
Hi Brandon, you right click on the chart and then click "add trading system" then click "vt-level stop-reverse system 02". make sure you click the one with the 02 on the end. because there is a vt default "vt level stop reverse system" and you dont want that so dont get confused. you do the same for the "QQE ALERT" once you add it also in your strategy builder. the QQE alert is what gives you the dots. Hope this helps.
Good to go.

Ya'll are awesome!

Brandon
  • #28
  • Sep 2, 2007 8:28am Sep 2, 2007 8:28am
This sounds great and we already have things for mt4.

Thanks to everybody.
  • #29
  • Sep 2, 2007 10:04am Sep 2, 2007 10:04am
It looks like it is working on MT4 but "Level Stop Reverse Indicator" gives more signals on MT4 which may end with stops.

For everyone who is demoing just watch the two platforms (prefably VTT) to take action...
  • #30
  • Sep 2, 2007 10:17am Sep 2, 2007 10:17am
Aus weren't you originally running this off of 5 minute charts, not 15?
  • #31
  • Sep 2, 2007 10:28am Sep 2, 2007 10:28am
This is to say thanks to Aus, kar, Que and the other wonderful contributors who have made me to fall in love with this wonderful pair. The strategies are all working fine, God bless you all.
  • #32
  • Sep 2, 2007 10:56am Sep 2, 2007 10:56am
Quoting auslanco
another example On current open trade as @ 2nd September 2007, 0700GMT

I run it on a VT stration.
As you can see in my chart we have a 8 pips price diffrent in the feed.
It makes the candle formation different.
I get the feed from vtdemo.fxserver.com
Any idea how it can be fixed (I guess you get it from different server)
  • #33
  • Sep 2, 2007 11:05am Sep 2, 2007 11:05am
sory here the chart
Attached Image (click to enlarge)
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  • #34
  • Sep 2, 2007 11:14am Sep 2, 2007 11:14am
I just went through it and I think I've got it somewhat, but I have some simple questions.

1. How do i know which bar is the confirmation bar? (I went through your examples but I still feel lost lol)

2. Also because of the confirmation bar, I don't get where you put your stop loss.

If you could clarify these a little more, I'd appreciate it bro

Thanks for sharing.
Trade what you see, not what you think.
  • #35
  • Sep 2, 2007 11:19am Sep 2, 2007 11:19am
Quoting karmostaji
I just went through it and I think I've got it somewhat, but I have some simple questions.

1. How do i know which bar is the confirmation bar? (I went through your examples but I still feel lost lol)

2. Also because of the confirmation bar, I don't get where you put your stop loss.

If you could clarify these a little more, I'd appreciate it bro

Thanks for sharing.
Maybe the confirmation word mixes the idea a bit.In this strategy the confirmation bar is the next bar after the two signals(arrow and the dot). And the stop loss is the Gann level which is under that confirmation bar.
  • #36
  • Sep 2, 2007 11:21am Sep 2, 2007 11:21am
Quoting brok
Maybe the confirmation word mixes the idea a bit.In this strategy the confirmation bar is the next bar after the two signals(arrow and the dot). And the stop loss is the Gann level which is under that confirmation bar.
Perfect, thank you brok
Trade what you see, not what you think.
  • #37
  • Edited 11:57am Sep 2, 2007 11:56am | Edited 11:57am
Hi Aus

Is the initial stop staying under the Gann line where the comfirmation bar is located or is it trailed under the Gann line as the price moves on into profit
Regards
  • #38
  • Sep 2, 2007 12:30pm Sep 2, 2007 12:30pm
Quoting brok
Maybe the confirmation word mixes the idea a bit.In this strategy the confirmation bar is the next bar after the two signals(arrow and the dot). And the stop loss is the Gann level which is under that confirmation bar.
Wondering if confirmation bar confirms by the candle type , meaning if we are on sell condition we need the bar to be a sell candle , and buy condition would need the confirmation bar to be a buy candle ...
or this doesn't matter , the confirmation bar of any type would still be a confirmation bar and its purpose is only for the stop loss setting up ... ?
To Live is the rarest thing in the world , Most people exist , that is all
  • #39
  • Sep 2, 2007 1:14pm Sep 2, 2007 1:14pm
Quoting maheswara
Wondering if confirmation bar confirms by the candle type , meaning if we are on sell condition we need the bar to be a sell candle , and buy condition would need the confirmation bar to be a buy candle ...
or this doesn't matter , the confirmation bar of any type would still be a confirmation bar and its purpose is only for the stop loss setting up ... ?

Well for the moment just by looking last week's data I haven't noticed we should be aware of the candle types....

But off course if the movement were strong then the retracement may be a bull candle on a bearish trend. Just have a look at the last trade oppurtunity on Friday.
  • #40
  • Sep 2, 2007 1:16pm Sep 2, 2007 1:16pm
Quoting howard
Hi Aus

Is the initial stop staying under the Gann line where the comfirmation bar is located or is it trailed under the Gann line as the price moves on into profit

I am no Aus but as I have followed his posts on all of the threads I can easily say that he is not a trailing stop man
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