Dislikedmpurdy1973 Thankyou for the very fast reply! I will try this now and see what happens. Many thanks.Ignored
- #24
- Edited Dec 17, 2007 5:07am Dec 16, 2007 7:00am | Edited Dec 17, 2007 5:07am
As i got some help on this i will post back the latest version. I decided that there was no point in producing a one hour version and if the 15 min version was wrong it simply needed correcting.
15 min trading on auto is not profitable without many hard to code rules but it IS profitable in a semi automated fashion. What i mean by this is you should not trade Asia session it is clearly the number one killer for chop and noise. Trading should start about 6 am London time and then we look to see where the PSO indicating for our first trade. By drawing on my own manual experience for day trading you should not over trade. Therefore one should limit trades to a max of three per day and you should aim to leave the market around 5 pm same as the big boys do! Some days are clearly one entry and ride it till home time. Mostly there are 2 trades. A run into about 8.30 am London time and reverse or sometimes US open. Its these turn points we should try to exploit. However some days are clearly chopped up which is why i suggest trades are limited to a max of 3. If you attempt to fight a chopped market you will lose there is no doubt.
You must realize on these chop days there is nothing you can do but to get out of the market.
With the theory out of the way here is the latest 15 min indicator attached. It runs ONLY 15 min euro nothing else as its a tuned time series indicator. The lag setting must remain at 10. This is not really lag but it learning the past 10 bars to make a future turn point decision. This is how the system was trained. When the line is breached by a single bar with open and close each side you should wait till the first tick of the next bar AFTER the breach bar to see the positioning of the PSO line as sometimes is will hook up or down to keep you in trade or reverse. Of course if a powerful reversal it may have cleared out your stop. If the line is breached but a new bar tick opens above or below this is a clean entry and requires a tiny stop loss. Sometimes a market turn in these conditions using PSO can be achieved with under a 10 pip risk sometimes even less.
Also attached is my PSOhelper EA. it does NOT open trades that is your decision but what it does is control stops and moves them to the market and very useful in case you fall asleep without setting a stop it will add one on the next 15 min bar. Stops can move UP and DOWN based on the PSO line. This might be frightening but it tries to keep you out of trouble but its close enough in case someone bangs the market for 100 pips in a few seconds. The default is 7 pips plus the PSO gives about 15 pips average stop level for intraday trading. I found 7 pips is good for live.
The next file is OrderReliable. This must go into your experts Include folder. This is powerful order control which is barely used here except for making sure stops are legal to your broker. In other EA's its a godsend for live trading and handling delays, requotes and slips etc which you will never see on backtests. For days like last friday which are rare of course the EA just slid the stop down perfectly all day while remaining out of harms way.
15 min trading on auto is not profitable without many hard to code rules but it IS profitable in a semi automated fashion. What i mean by this is you should not trade Asia session it is clearly the number one killer for chop and noise. Trading should start about 6 am London time and then we look to see where the PSO indicating for our first trade. By drawing on my own manual experience for day trading you should not over trade. Therefore one should limit trades to a max of three per day and you should aim to leave the market around 5 pm same as the big boys do! Some days are clearly one entry and ride it till home time. Mostly there are 2 trades. A run into about 8.30 am London time and reverse or sometimes US open. Its these turn points we should try to exploit. However some days are clearly chopped up which is why i suggest trades are limited to a max of 3. If you attempt to fight a chopped market you will lose there is no doubt.
You must realize on these chop days there is nothing you can do but to get out of the market.
With the theory out of the way here is the latest 15 min indicator attached. It runs ONLY 15 min euro nothing else as its a tuned time series indicator. The lag setting must remain at 10. This is not really lag but it learning the past 10 bars to make a future turn point decision. This is how the system was trained. When the line is breached by a single bar with open and close each side you should wait till the first tick of the next bar AFTER the breach bar to see the positioning of the PSO line as sometimes is will hook up or down to keep you in trade or reverse. Of course if a powerful reversal it may have cleared out your stop. If the line is breached but a new bar tick opens above or below this is a clean entry and requires a tiny stop loss. Sometimes a market turn in these conditions using PSO can be achieved with under a 10 pip risk sometimes even less.
Also attached is my PSOhelper EA. it does NOT open trades that is your decision but what it does is control stops and moves them to the market and very useful in case you fall asleep without setting a stop it will add one on the next 15 min bar. Stops can move UP and DOWN based on the PSO line. This might be frightening but it tries to keep you out of trouble but its close enough in case someone bangs the market for 100 pips in a few seconds. The default is 7 pips plus the PSO gives about 15 pips average stop level for intraday trading. I found 7 pips is good for live.
The next file is OrderReliable. This must go into your experts Include folder. This is powerful order control which is barely used here except for making sure stops are legal to your broker. In other EA's its a godsend for live trading and handling delays, requotes and slips etc which you will never see on backtests. For days like last friday which are rare of course the EA just slid the stop down perfectly all day while remaining out of harms way.
- #25
- Dec 16, 2007 7:11am Dec 16, 2007 7:11am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
- #27
- Dec 16, 2007 7:23am Dec 16, 2007 7:23am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
- #29
- Dec 16, 2007 7:30am Dec 16, 2007 7:30am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
- #31
- Edited 7:13am Dec 17, 2007 6:28am | Edited 7:13am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
- #34
- Dec 17, 2007 7:05am Dec 17, 2007 7:05am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
- #36
- Dec 17, 2007 7:16am Dec 17, 2007 7:16am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
For my friends here is latest version i been working on. As explained in earlier post 15 min auto trading is not profitable without very intensive filters but 1 hour trading can cover then night time whips while exploiting the daily moves.
Attached is my 1 hour full auto trading EA with 1 hour PSO indicator which is genetically mastered
Dont forget to put OrderReliable into Include folder otherwise it wont work. BTW this EA works only on 1hour bars following 1st tick for decisions on direction. Thus backtester only quick full bars only no need for 1 min as you will get the very same result.
Attached is my 1 hour full auto trading EA with 1 hour PSO indicator which is genetically mastered
Dont forget to put OrderReliable into Include folder otherwise it wont work. BTW this EA works only on 1hour bars following 1st tick for decisions on direction. Thus backtester only quick full bars only no need for 1 min as you will get the very same result.
- #39
- Dec 20, 2007 5:58am Dec 20, 2007 5:58am
- Joined Mar 2006 | Status: THANK YOU MERLIN,TWEE and FF Team | 4,603 Posts
For my friends here is latest version i been working on. As explained in earlier post 15 min auto trading is not profitable without very intensive filters but 1 hour trading can cover then night time whips while exploiting the daily moves.
Attached is my 1 hour full auto trading EA with 1 hour PSO indicator which is genetically mastered
Dont forget to put OrderReliable into Include folder otherwise it wont work. BTW this EA works only on 1hour bars following 1st tick for decisions on direction. Thus backtester only quick full bars only no need for 1 min as you will get the very same result.