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  • #21
  • Jan 18, 2009 4:50pm Jan 18, 2009 4:50pm
I used Bar 1's body (no wicks) to take the 50% measure and then used Bar 2's body for the 50% comparison. Then, for a long setup, if Bar 2's low was greater than or equal to the low of Bar 1, then we enter the trade.

Here's a quick EA test

Glen
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Backtest.gif Size: 6 KB
Click to Enlarge Name: EU Backtest1.GIF Size: 10 KB
Attached File(s)
File Type: mq4 Paulus.mq4   3 KB | 629 downloads
  • #22
  • Jan 18, 2009 5:19pm Jan 18, 2009 5:19pm
Hi Dont understand that

Could you simplify it plse

Does it say for example that out of 1716 short trades 0% were successful ?

Largest profit trade was a loss of 81?

Sorry not used to back test results I know Im being a dim wit here but could you please define things for us


Cheers


Paulus
  • #23
  • Jan 18, 2009 7:11pm Jan 18, 2009 7:11pm
We sure could use a indicator for this method. Would make it much easier to spot the 'less then 50%' rule.

thx,
todd
  • #24
  • Jan 18, 2009 7:14pm Jan 18, 2009 7:14pm
Quoting Paulus
Hi Dont understand that

Could you simplify it plse

Does it say for example that out of 1716 short trades 0% were successful ?

Largest profit trade was a loss of 81?

Sorry not used to back test results I know Im being a dim wit here but could you please define things for us


Cheers


Paulus
No, it's my EA only placing buy trades. I'll rerun the tests and post again.
  • #25
  • Jan 18, 2009 7:43pm Jan 18, 2009 7:43pm
Hi Paulus,

Ok, so now the EA opens long and shorts but it won't open all the trades as some are too close to the stoploss (I believe within 3 pips for IBFX). I'd have to recode it to not place stops with the broker, but you get the idea.

The system trading around the clock shows about a 50% win probability with a W/L Ratio of 0.71, so not good.

I appreciate you sharing your ideas.

Glen
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU Backtest1.GIF Size: 10 KB
Click to Enlarge Name: EU Backtest.gif Size: 6 KB
Attached File(s)
File Type: mq4 Paulus.mq4   3 KB | 639 downloads
  • #26
  • Jan 18, 2009 7:48pm Jan 18, 2009 7:48pm
Quoting gnllr
Hi Paulus,

Ok, so now the EA opens long and shorts but it won't open all the trades as some are too close to the stoploss (I believe within 3 pips for IBFX). I'd have to recode it to not place stops with the broker, but you get the idea.

The system trading around the clock shows about a 50% win probability with a W/L Ratio of 0.71, so not good.

I appreciate you sharing your ideas.

Glen
Good work gnllr.

Leon
Living the adventure in my head.
  • #27
  • Jan 19, 2009 1:49am Jan 19, 2009 1:49am
ok thats great

If Dyson try to sell his 1st vacuum cleaner he would of gone bust took him over 200 adjustments and now ........well we all know

This system is like a new chick pecking out of an egg lols

I'm sure we can improve on it

Paulus
  • #28
  • Jan 20, 2009 9:23am Jan 20, 2009 9:23am
So, if the trigger candle body close is even slightly higher than the 1st setup candle, we don't take the trade. As in this screen shot?
Attached Image (click to enlarge)
Click to Enlarge Name: trigger.jpg Size: 154 KB
Starting to see instead of just looking.
  • #29
  • Jan 20, 2009 10:29am Jan 20, 2009 10:29am
We want the wicks either the same or the entry wick higher than the 1st set up bar

Cheers

Paulus
  • #30
  • Jan 20, 2009 7:02pm Jan 20, 2009 7:02pm
Quoting Paulus
We want the wicks either the same or the entry wick higher than the 1st set up bar

Cheers

Paulus
So for a SHORT trade the body of the 2nd trigger candle, must be below the close of the 1st setup candle. even if the wick is above it?
Attached Image
Starting to see instead of just looking.
  • #31
  • Jan 21, 2009 1:53am Jan 21, 2009 1:53am
For 1hour short we need

equal high or higher high on wick
2nd Candle body no greater than 50 of size of 1st set up candle

have a look at chart it may help

P
Attached Image (click to enlarge)
Click to Enlarge Name: 1hour ind free.gif Size: 23 KB
  • #32
  • Edited 5:35am Jan 21, 2009 5:19am | Edited 5:35am
Quoting Paulus
For 1hour short we need

equal high or higher high on wick
2nd Candle body no greater than 50 of size of 1st set up candle

have a look at chart it may help

P
Thanks but that is not really what I was questioning.
I was asking if we can still take a short if the open of the 2nd candle is slightly higher than close of the 1st candle even though the body of the 2nd candle is less than 50% of the 1st candle? As in the example.
I see this quite a lot and wonder why a bear candle open can be slightly higher than a bull candle close.
Attached Image (click to enlarge)
Click to Enlarge Name: 50.jpg Size: 85 KB
Starting to see instead of just looking.
  • #33
  • Mar 17, 2009 4:15am Mar 17, 2009 4:15am
Enjoy your thread Paulus,

How about the charts below. I've noticed if use the Metatrader Fib Extension tool on a previous candle, that's high is lower than the close of the next candle(in other words, the next candles close is higher than the previous candle's high), then the previous candle will about 90% of the time go 1 and half times it's own distance(If a Fib line or Trendline doesn't cut it short).

A picture explains it better. See below.

Thanks,

-Reese777 Click Image to see it better!
Attached Image (click to enlarge)
Click to Enlarge Name: Higher Close than previous High.jpg Size: 101 KB
  • #34
  • Mar 17, 2009 5:16am Mar 17, 2009 5:16am
could you post some recent examples in a chart?
  • #35
  • Mar 17, 2009 3:39pm Mar 17, 2009 3:39pm
Sure, Here's some examples of what I'm talking about.

-Reese777
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Purple1firsthalf80.jpg Size: 103 KB
Click to Enlarge Name: Purple1secondhalf90.jpg Size: 135 KB
  • #36
  • Mar 17, 2009 4:24pm Mar 17, 2009 4:24pm
I have a mq4 from a Russian programmer but it's almost what I'm looking for.
I'm not taking any credit even if the code is changed.
What I'm looking for I just mentioned in the last two Posts before this one.

IF the code could be changed to "the previous candles high or low" instead of "the previous candles close" I'd appreciate.

If then if it had a sound alert would when going positive long or sound alert when going negative short would be great also but I'd just be happy to have the "previous candles high or low" rather than the "previous candles close" also.

Thanks,

Reese777

Here's the mq4 where I got it from: "http://codebase.mql4.com/4253"

Author: Yuriy Tokman

http://www.forexfactory.com/i/0.gif e-mail : [email protected]
ICQ# 481-971-287
Skype : yuriy.g.t
Attached Image (click to enlarge)
Click to Enlarge Name: raznoct_1_small.gif Size: 35 KB
  • #37
  • Mar 17, 2009 4:27pm Mar 17, 2009 4:27pm
Here's the mq4 for the last post!

Reese777
Attached File(s)
File Type: mq4 Raznost.mq4   2 KB | 666 downloads
  • #38
  • Mar 18, 2009 3:18am Mar 18, 2009 3:18am
Quoting reese777
Here's the mq4 for the last post!

Reese777
I think this thread has been left behind..
The indicator simply calculate the pips between current bar open with previous bar close price and mark it with up, down or flat...
what did you mean by "the high-low of previous bar"? Where will be your entry then?
  • #39
  • Mar 18, 2009 4:17am Mar 18, 2009 4:17am
Meant to say "the high-low of previous candle not "the high-low of previous bar".

Rasnost.mq4 uses "the close of the previous candle".
I wanted to use "the high or low of the previous candle."

-Reese777
  • #40
  • Edited 5:41am Mar 18, 2009 5:10am | Edited 5:41am
Quoting reese777
Meant to say "the high-low of previous candle not "the high-low of previous bar".

Rasnost.mq4 uses "the close of the previous candle".
I wanted to use "the high or low of the previous candle."

-Reese777
Sorry, that was I meant..
Ok, did you mean you want the indicator to calculate the spread between current candle close and previous high/low?
Just curious, you are using Fib Expansion, right? There are 3 point of the tools that will effect the measurement..I see you put the 1st and 2nd point at high and low of previous bar..How about the 3rd one?
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