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WANTED: Conversion of VTTrader "Complex Trading System" to MT4...

  • #1
  • First Post: Nov 7, 2008 11:23pm Nov 7, 2008 11:23pm
Hi guys, this is my first ever post, and I am hoping to find somebody cluey enough that can either convert the VTTrader "Complex Trading System" to MT4, or just use the VT criteria to build a fresh Trading System in MT4.

I don't know if this is a big ask or not, but if it is then I am prepared to pay $ for your time and effort.

Basically, the system generates a BUY signal if the following criteria have been met:

1) RSI (14) has crossed above 50;
2) Short 5EMA has crossed above Long 10EMA, AND:
3) MACD (12, 26, 9) Fast has crossed above MACD Signal Line.

Sound ok? I look forward to any replies. Kirk.

P.S. If anyone hasn't tried the new VT2 Trading Platform, give it a try! It's not bad.
Trade to Live - Don't Live to Trade
  • #2
  • Nov 8, 2008 12:19am Nov 8, 2008 12:19am
You want automated system aka EA??

sonic
  • #3
  • Nov 8, 2008 1:51am Nov 8, 2008 1:51am
You should try post this in the Programming Forum. You might get more replies.
Boxing clever since 76.
  • #4
  • Nov 8, 2008 3:43pm Nov 8, 2008 3:43pm
Quoting copi88
You should try post this in the Programming Forum. You might get more replies.
Thanks copi88, will do.
Trade to Live - Don't Live to Trade
  • #5
  • Nov 8, 2008 3:45pm Nov 8, 2008 3:45pm
Quoting sonicdeejay
You want automated system aka EA??

sonic
Unsure about this sonicdeejay; I think perhaps I prefer just the signals to be generated (perhaps with an audio alert / email?) and then I pull the trigger myself.
Trade to Live - Don't Live to Trade
  • #6
  • Nov 8, 2008 4:15pm Nov 8, 2008 4:15pm
if you want an EA you could contact FerruFX and Ronald Raygun
  • #7
  • Nov 9, 2008 1:01pm Nov 9, 2008 1:01pm
Quoting kirkleaforex
Hi guys, this is my first ever post, and I am hoping to find somebody cluey enough that can either convert the VTTrader "Complex Trading System" to MT4, or just use the VT criteria to build a fresh Trading System in MT4.

I don't know if this is a big ask or not, but if it is then I am prepared to pay $ for your time and effort.

Basically, the system generates a BUY signal if the following criteria have been met:

1) RSI (14) has crossed above 50;
2) Short 5EMA has crossed above Long 10EMA, AND:
3) MACD (12, 26, 9) Fast has crossed above MACD Signal Line.

Sound ok? I look forward to any replies. Kirk.

P.S. If anyone hasn't tried the new VT2 Trading Platform, give it a try! It's not...


Please clarify the use of MACD in this system.

If MACD (12, 26,9) crossed above the signal line but both the MACD 12, 26, 9 and signal line were below the zero line, would you go long everything else is in line?
Thanks
  • #8
  • Nov 9, 2008 3:47pm Nov 9, 2008 3:47pm
Quoting aelimian
Please clarify the use of MACD in this system.

If MACD (12, 26,9) crossed above the signal line but both the MACD 12, 26, 9 and signal line were below the zero line, would you go long everything else is in line?
Thanks
Yes aelimian, that is correct. This system doesn't rely on MACD crossing above / below zero, only the fast / signals lines crossing. I guess this is enough when combined with the other elements in play?

Actually, when looking at the signals that are generated in VTTRader this seems to make sense. Although I personally reckon that it would mean a stronger signal if MACD crosses above / below zero in combination with all other signals, but this is not suggested by VTTrader in their trading system notes.

Kirk.
Trade to Live - Don't Live to Trade
  • #9
  • Nov 9, 2008 4:37pm Nov 9, 2008 4:37pm
Quoting kirkleaforex
Yes aelimian, that is correct. This system doesn't rely on MACD crossing above / below zero, only the fast / signals lines crossing. I guess this is enough when combined with the other elements in play?

Actually, when looking at the signals that are generated in VTTRader this seems to make sense. Although I personally reckon that it would mean a stronger signal if MACD crosses above / below zero in combination with all other signals, but this is not suggested by VTTrader in their trading system notes.

Kirk.
Thank you
What is the best timeframe.
  • #10
  • Nov 10, 2008 6:04am Nov 10, 2008 6:04am
Any TF will work, depending upon your own trading style. I like it with the 5M charts, but a 4H will work for those more patient than I am! You just need to wait for the alert and go with it, until the trend reverses.

Of course, I ALWAYS go with the daily trend using this system rather than CT.
Trade to Live - Don't Live to Trade
  • #11
  • Nov 11, 2008 8:43am Nov 11, 2008 8:43am
Quoting kirkleaforex
Hi guys, this is my first ever post, and I am hoping to find somebody cluey enough that can either convert the VTTrader "Complex Trading System" to MT4, or just use the VT criteria to build a fresh Trading System in MT4.

I don't know if this is a big ask or not, but if it is then I am prepared to pay $ for your time and effort.

Basically, the system generates a BUY signal if the following criteria have been met:

1) RSI (14) has crossed above 50;
2) Short 5EMA has crossed above Long 10EMA, AND:
3) MACD (12, 26, 9) Fast has crossed above MACD Signal Line.

Sound ok? I look forward to any replies. Kirk.

P.S. If anyone hasn't tried the new VT2 Trading Platform, give it a try! It's not...
if you only care about lines being above or below, that's very easy to code. but if you wanna capture crossovers, that'll take just a bit more work...

The follow are a few questions I would ask before coding an EA or indicator that captures crosses...

1. Do you wait for candle to close for a confirmed cross signal or take it as and when it happens prior to candle close? (I can set this as configurable via user input)

2. Should all 3 indicators cross at the same time before generating an alert?

3. If not cross together, what is your buffer of tolerance? "Buffer" is what I call the number of candles required for all 3 crosses to occur and still be a valid signal. (again, this buffer is also configurable via user input, I just want to set a default value first.)

These are crucial questions that needs to be answered. remember we're talking about a robot interpreting your rules. It has to be as precise as possible. A program can't beat the human perception, but with well define logic and precise rules, it can be close.

pm me if you want me to do this for you.

regards,
Zen
Programming for a better future.
  • #12
  • Nov 11, 2008 2:46pm Nov 11, 2008 2:46pm
Quoting Zen_Leow
if you only care about lines being above or below, that's very easy to code. but if you wanna capture crossovers, that'll take just a bit more work...

The follow are a few questions I would ask before coding an EA or indicator that captures crosses...

1. Do you wait for candle to close for a confirmed cross signal or take it as and when it happens prior to candle close? (I can set this as configurable via user input)

2. Should all 3 indicators cross at the same time before generating an alert?

3. If not cross together, what is your buffer...
Thanks Zen for your interest in my request.

Your first question is perhaps best set as user defined, as I am unaware of actually how VT does this; I suspect it is bfeore candle closes though. I have sat and watched VT at the time when a signal is generated and it does happen before candle close. I would argue that a better signal would be generated upon candle close, but that's just my 2 cents' worth.

2) Yes all 3 indicators need to have crossed before an alert is generated; not necessarily at the same time, but only once ALL have crossed.

3) I am unsure about this, sorry. Perhaps others can chime in here? In VT it is just automatic once the 3rd indicator has crossed, and I haven't noticed any specific rhyme or reason regarding numbers of candles for this to happen.
Perhaps you have an idea yourself Zen?

Would you be prepared to download VT2 and have a go at interpreting the Complex Trading System yourself? A bit much to ask perhaps, but you may be interested in knowing how this works from a VT perspective?

Thanks again. Kirk.
Trade to Live - Don't Live to Trade
  • #13
  • Nov 12, 2008 6:52am Nov 12, 2008 6:52am
Attached is a copy of a 30M chart with the trading system in action. It clearly shows the signals generated by a red or blue arrow, along with the bottom strip of 'bulls' or 'bears' in either blue or red also, which is a great visual aid.
Attached Image (click to enlarge)
Click to Enlarge Name: VTTrader screen.jpg Size: 195 KB
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  • #14
  • Nov 12, 2008 10:52am Nov 12, 2008 10:52am
Can you post a few more screenshots of except with the chart zoomed in further? I suspect it doesn't wait for candle close for the 3rd cross. I want to be sure of this before I start coding.
Attached Image (click to enlarge)
Click to Enlarge Name: VTTrader%20screen2.jpg Size: 275 KB
Programming for a better future.
  • #15
  • Last Post: Nov 13, 2008 8:47am Nov 13, 2008 8:47am
Hi again Zen, here iswhat you are after. I am certain that the signals are generated as the system recognises that all 3 indicators have crossed, regardless of whether the candle has closed or before. I hope this helps you. Kirk.
Attached Image (click to enlarge)
Click to Enlarge Name: VTTrader 1.jpg Size: 223 KB
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