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Daily Stochastic Oscillator System

  • #121
  • Feb 3, 2008 10:43am Feb 3, 2008 10:43am
Quoting jasius
Am I missing something?.. I attached M1 chart with back test, trade entered in second part of the wave for a loss

Jasius
I appologize for not being able to explain the behavior on backtesting charts (would think 1M chart with the 1M Solar Wind) should coninside as long as the Solar Wind signal on the previous closed candle is GREATER than 0.20 or LESS THAN -0.20.

All I know for sure is the indicator is set to read the most recient close 1M candle and then determin entry based on the value of the Solar Wind being > 0.20 or < -0.20 to enter a trade.

Inserted Code
double sw=iCustom(NULL, 1, "Solar_Winds_alert", 10, false, 0,1);

The first "1" indicates the TIME FRAME (1 minute) and the last "1" indicates to use the last closed candle (1 minute).
  • #122
  • Feb 3, 2008 11:26am Feb 3, 2008 11:26am
Quote
Solar Winds repaints during the current candle. Does not repaint after a candle has closed. Signal is taken from the most recent closed 1M candle.

So based on this statement, a back-test can be performed with 100% accuracy by visually looking at the charts? Would it be correct to say that all indicators repaint until the close of a candle due to recalculating based on price movement?
  • #123
  • Feb 3, 2008 11:40am Feb 3, 2008 11:40am
Quoting lcfxtrader
So based on this statement, a back-test can be performed with 100% accuracy by visually looking at the charts? Would it be correct to say that all indicators repaint until the close of a candle due to recalculating based on price movement?
Solar Winds doesn't repaint after candle close. All indicators repaint durring an open candle, most do not after a candle has closed. Some indicators like Silver Trend repaint even after a candle close depending on the circumstances.

Visual backtesting on a 1M chart should be fairly accurate. Keeping in mind that the candle it would trigger a trade not only has to be either blue or red, but has to be ABOVE/BELOW +0.20/-0.20 to trigger.
  • #124
  • Feb 3, 2008 11:56am Feb 3, 2008 11:56am
Quoting nealc99
Solar Winds doesn't repaint after candle close.
Are you sure about this? From what I remember over at Forex TSD, is that Solar Wind is one of those indicators that repaints AFTER candle close.
  • #125
  • Feb 3, 2008 12:04pm Feb 3, 2008 12:04pm
Quoting nealc99
Solar Winds repaints durring the current candle. Does not repaint after a candle has closed. Signal is taken from the most recient closed 1M candle.
Neal I believe that is incorrect.
The Solar Wind I have seen does repaint after the candle is closed- big time. I know that for a fact.
Yours may be a different version.
  • #126
  • Feb 3, 2008 12:14pm Feb 3, 2008 12:14pm
If this indicator does not change after the candle close, then it gives very good entry signals based on the settings .2 & -.2 on a M5 GBY/JPY chart. How do you prove/disprove that it repaints after the close of a candle?
  • #127
  • Feb 3, 2008 12:24pm Feb 3, 2008 12:24pm
Quoting lcfxtrader
If this indicator does not change after the candle close, then it gives very good entry signals based on the settings .2 & -.2 on a M5 GBY/JPY chart. How do you prove/disprove that it repaints after the close of a candle?
Watch it in real time.
It won't take long to see it using a 1M chart.
  • #128
  • Feb 3, 2008 12:34pm Feb 3, 2008 12:34pm
Quote
Watch it in real time.
It won't take long to see it using a 1M chart.

Copy that. I will report back shortly with the answer.
  • #129
  • Feb 4, 2008 11:54am Feb 4, 2008 11:54am
v1.3 EA is doing great so far today in forward testing.

Opened up 3 trades:

2/4/2008 01:20 @ 209.51 BUY - closed manually +74 pips
2/4/2008 15:02 @ 211.28 SELL - closed manually +38 pips
2/4/2008 19:43 @ 211.00 BUY - just now opened....

Attached is the v1.3 EA - forgot to change the version number in the transaction comments field (no other changes made).
Attached File(s)
File Type: mq4 Daily100_v1.3.mq4   7 KB | 482 downloads
  • #130
  • Feb 4, 2008 11:57am Feb 4, 2008 11:57am
Just a note on my trading style.

I will let an EA OPEN a trade, but many times I will manually close a trade if it is showing that the strength of the trade is failing and I am in profit.

I noticed that many times with the EA in this thread that it will go in the NEGATIVE 15-30 pips before it starts going up. This is a could be a sign that you are getting in just ahead of the trend change
  • #131
  • Feb 4, 2008 2:33pm Feb 4, 2008 2:33pm
Quoting nealc99
v1.3 EA is doing great so far today in forward testing.

Opened up 3 trades:

2/4/2008 01:20 @ 209.51 BUY - closed manually +74 pips
2/4/2008 15:02 @ 211.28 SELL - closed manually +38 pips
2/4/2008 19:43 @ 211.00 BUY - just now opened....

Attached is the v1.3 EA - forgot to change the version number in the transaction comments field (no other changes made).
I had one open at 2300 hours and stopped out. Isn't this suppose to work at 0900 and 1300 gmt like the other versions? Paris
  • #132
  • Feb 4, 2008 2:46pm Feb 4, 2008 2:46pm
Quoting Paris Hilton
I had one open at 2300 hours and stopped out. Isn't this suppose to work at 0900 and 1300 gmt like the other versions? Paris
The START hour can be set, but it will go to 23:59 for that day... sounds like a rare occurance to open at 23:00.
  • #133
  • Feb 4, 2008 5:55pm Feb 4, 2008 5:55pm
Just wondering about the settings with the new version v1.3

on my older version v1.2

London
70 SL
70 B/E
140 TP
110 TS

USA
75 SL
90 B/E
130 TP
70 TS

I have noticed that v1.3 has different settings. Do I need to change the settings to revert as above that you have optimized or not? Is the new back-testing result based on the new settings on v1.3 for both TF (London and USA)?

Thanks!
  • #134
  • Feb 4, 2008 6:59pm Feb 4, 2008 6:59pm
Great question:

Version 1.3 settings are:

LONDON SESSION

StopLoss: 55
BreakEven: 80
TakeProfit: 120
TrailingStop: 80

NEW YORK SESSION

StopLoss: 90
BreakEven: 90
TakeProfit: 130
TrailingStop: 90
  • #135
  • Feb 4, 2008 9:18pm Feb 4, 2008 9:18pm
Quoting nealc99
Great question:

Version 1.3 settings are:

LONDON SESSION

StopLoss: 55
BreakEven: 80
TakeProfit: 120
TrailingStop: 80

NEW YORK SESSION

StopLoss: 90
BreakEven: 90
TakeProfit: 130
TrailingStop: 90
Thanks very much!
  • #136
  • Feb 4, 2008 10:05pm Feb 4, 2008 10:05pm
The indicator will change values after the candle is closed. Are you aware of this? If so, does it pose an issue for your trigger?
  • #137
  • Feb 5, 2008 6:53am Feb 5, 2008 6:53am
During London session, the new version v1.3 will not open new trade. It has never happened to me before when I was using v1.2. I don't know if v1.3 is set only for the USA session. Also, I noticed that after I installed v1.3 on my platform, it opened the trade at 23:20 but it was supposed to be at 13:00. I quickly manually closed the 23:20 trade so the loss is very minimal. Does anyone know why v1.3 would not open the new trade during the London session?
  • #138
  • Feb 5, 2008 7:13am Feb 5, 2008 7:13am
No trade during London session. Is that right?
  • #139
  • Feb 5, 2008 7:21am Feb 5, 2008 7:21am
Quoting jasius
No trade during London session. Is that right?
That's right, my platform did not enter a trade during the London session. I don't know why. I am still waiting to find out.
  • #140
  • Feb 5, 2008 7:22am Feb 5, 2008 7:22am
Quoting jasius
No trade during London session. Is that right?
You just need to use the London Session settings:

http://www.forexfactory.com/showpost...&postcount=134

EA v1.3 is set to USA Session by default. If you want to trade both sessions you would want to open up 2 charts and put the EA on one with London settings and EA on the 2nd chart with the USA settings.

Don't forget to set the StartHr to 9:00 GMT for London and 13:00 GMT for USA (add your broker offset to these times if necessary)
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