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Multi Time Frame Trader

  • #1
  • First Post: Edited Mar 14, 2009 12:53pm Feb 27, 2009 5:58pm | Edited Mar 14, 2009 12:53pm
EA Updated v0.05

Skype Contact: skyper7498

After researching numerous algorithmic trading systems, going against the long term trend is a possible reason behind random results of any trading system.

This Multi Time Frame Trader(MTFT) was developed to enter the market's long term movement, by using 3 different time frames which provide: higher probability trades, and precise entry conditions.

 Details:

EA looks at (3) time frames and determines either to SELL or to BUY a currency based on the highest time frame's trend/slope.

  1. Trend/Slope of each time frame is calculated with the !LinRegrBuf.mq4 indicator, for: trend_chart, signal_chart and timing_chart

    1. download the !LinRegrBuf.mq4 indicator to the 'experts/indicators' folder in MT4 directory

  1. Overbought/Oversold conditions of the signal_chart and the timing_chart are determined by the Stochastic Oscillator

  1. EA default trading time frames:

    1. trend_chart=H1
    2. signal_chart=M5
    3. timing_chart=M1

Entry Conditions:

  1. If the slope of the trend_chart is negative(-) and

    1. signal_chart price is overbought and

      1. timing_chart price is overbought

        1. enter short position with TP and SL

  1. If the slope of the trend_chart is positive(+) and

    1. signal_chart price is oversold and

      1. timing_chart price is oversold

        1. enter long position with TP and SL

EA Properties:

  1. trade | enable/disable trading
  2. alert | enable/disable alerts when entry conditions are met
  3. e_trailing_stop | enable/disable trailing stop
  4. TrailingStop | trailing stop in PIPs
  5. trade_spread | allowed spread for EA to trade
  6. barstocount | number of samples to calculate the trend/slope in the !LinRegrBuf indicator
  7. trend_chart | highest time frame
  8. signal_chart | medium time frame
  9. timing_chart | lowest time frame
  10. TP | takeprofit
  11. SL | stoploss
  12. lots | orders lots
  13. slippage | order slippage
  14. magicnumber | order magic number to track orders
  15. Kp | %Kperiod, stochastic %K line period
  16. Dp | %Dperiod, stochastic %D line period
  17. slw | stochastic slowing value
  18. mtd | stochastic MA method

More Information:

  1. The new EA does not eat resources like the older EA did, and now you can customize the time frames that the EA can trade, along with customized TakeProfit and StopLoss.
  2. To trade Daily, 4H and 1H time frames, set the following:

    1. trend_chart=1440
    2. signal_chart=240
    3. timing_chart=60

  3. EA is based on the following multi time frame trading concept: http://www.saxoeducation.com/Learnin...rames.aspx#4.1

Attached File(s)
File Type: mq4 !LinRegrBuf.mq4   3 KB | 4,118 downloads | Uploaded Mar 4, 2009 12:55pm
File Type: mq4 Multi Time-Frame Trader v0.05.mq4   6 KB | 3,648 downloads | Uploaded Mar 9, 2009 1:34pm
File Type: mq4 Multi Time-Frame Trader.mq4   9 KB | 3,466 downloads | Uploaded Mar 14, 2009 12:53pm
  • #2
  • Feb 27, 2009 8:56pm Feb 27, 2009 8:56pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting c0d3
I have been reading many systems, and it seems that going against the trend is the reason behind random movement in the equity line.



I developed this multi time frame trader, to go with the flow of the long term charts.



Details:

EA looks at (3) time frames and determines either to short or to long a trade based on the highest time frame. This EA accesses the !LinRegrBuf indicator and determines the trend/slope for M1, M5, and [color=#00892c]H1...
Great Thx
  • #3
  • Feb 27, 2009 10:41pm Feb 27, 2009 10:41pm
Could you post some chart or result from the system you have developed?

Quoting c0d3
I have been reading many systems, and it seems that going against the trend is the reason behind random movement in the equity line.



I developed this multi time frame trader, to go with the flow of the long term charts.



Details:

EA looks at (3) time frames and determines either to short or to long a trade based on the highest time frame. This EA accesses the !LinRegrBuf indicator and determines the trend/slope for M1, M5, and [color=#00892c]H1...
  • #4
  • Feb 28, 2009 5:55am Feb 28, 2009 5:55am
What TF do we put the EA on, the H1, M5 or M1?

Looks interesting

Thanks in advance.
Starting to see instead of just looking.
  • #5
  • Feb 28, 2009 10:37am Feb 28, 2009 10:37am
I'd be glad to put this on a chart. Thanks for sharing it with us.
"Keep your eyes on the helpers" - Mr. Rogers
  • #6
  • Mar 1, 2009 12:40am Mar 1, 2009 12:40am
Quoting Rastaman
What TF do we put the EA on, the H1, M5 or M1?

Looks interesting

Thanks in advance.
any time frame, it is hard-coded for 1h, 5m, 1m
  • #7
  • Mar 1, 2009 9:01am Mar 1, 2009 9:01am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting c0d3
any time frame, it is hard-coded for 1h, 5m, 1m

the problem i see, there is no way to backtest or optimize properly the system, as long as the pentagon doesnt allow us to use their superduper computer. The system is way to busy with recalculating all the time frames. I recomend to remove weekly and monthly TF from the code. Or even better: to make an input function for all time frames where we can choose the desired TF for test/optimization and trading.
  • #8
  • Mar 2, 2009 12:55am Mar 2, 2009 12:55am
Quoting onu
the problem i see, there is no way to backtest or optimize properly the system, as long as the pentagon doesnt allow us to use their superduper computer. The system is way to busy with recalculating all the time frames. I recomend to remove weekly and monthly TF from the code. Or even better: to make an input function for all time frames where we can choose the desired TF for test/optimization and trading.

So, forward test it on a demo.
Starting to see instead of just looking.
  • #9
  • Mar 2, 2009 7:22pm Mar 2, 2009 7:22pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Rastaman
So, forward test it on a demo.
ok plz post your results in a year or two...
  • #10
  • Mar 2, 2009 11:11pm Mar 2, 2009 11:11pm
Put it on my demo. Your code isn't very clean though, could be better and use up less resources..
  • #11
  • Mar 2, 2009 11:40pm Mar 2, 2009 11:40pm
Hi c0d3
Sorry.. but what is this >> no more details we looking for some charts and examples plz
thx & good luck in trading
  • #12
  • Mar 3, 2009 9:25am Mar 3, 2009 9:25am
cod3

first of all....congrats on your system
but now my question
is it because the indicator needs so much calculating coz every time i want to put the indicator to a chart my charts freeze
maybe it is because im using interbank or does somebody else also have problems with freezing up??

thanks
  • #13
  • Mar 3, 2009 11:50am Mar 3, 2009 11:50am
Quoting hollandpippin
cod3

first of all....congrats on your system
but now my question
is it because the indicator needs so much calculating coz every time i want to put the indicator to a chart my charts freeze
maybe it is because im using interbank or does somebody else also have problems with freezing up??

thanks
I noticed that, also, honestly i'm not sure, i found that indicator on mql4.com, to show trends and supports/resistance lines. I did not find any insane calculations that would freeze MT4, but for some reason there is a glitch, and it is freezing up a bit.
  • #14
  • Mar 3, 2009 5:32pm Mar 3, 2009 5:32pm
Please let us know when you get a working copy of the EA.
  • #15
  • Mar 4, 2009 1:31am Mar 4, 2009 1:31am
I've gotten good feedback about this EA, and decided to update it!!!

Enjoy
  • #16
  • Mar 4, 2009 8:04am Mar 4, 2009 8:04am
Quoting c0d3
I've gotten good feedback about this EA, and decided to update it!!!

Enjoy
Care to share the updated version?
  • #17
  • Mar 4, 2009 8:48am Mar 4, 2009 8:48am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting c0d3
I've gotten good feedback about this EA, and decided to update it!!!

Enjoy
Good idea, im watching the system on demo since 3 days and i think all the losing trades are caused by the early entry from 1 Min TF. Also the weekly and monthly TFs we dont need as we trade according to the 1H TF.
Could you please make an EA version where we can switch on/off the 9 TF in input:true/false?
The idea behind this EA is brilliant, but by selecting the traded TFs we could try to improve the (so far) poor performance
TIA
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_01 Mar. 04 10.43.gif Size: 58 KB
  • #18
  • Mar 4, 2009 10:03am Mar 4, 2009 10:03am
Quoting Dreamliner
Care to share the updated version?

Yeah it is on the original post, v0.02
  • #19
  • Mar 4, 2009 10:03am Mar 4, 2009 10:03am
Quoting onu
Good idea, im watching the system on demo since 3 days and i think all the losing trades are caused by the early entry from 1 Min TF. Also the weekly and monthly TFs we dont need as we trade according to the 1H TF.
Could you please make an EA version where we can switch on/off the 9 TF in input:true/false?
The idea behind this EA is brilliant, but by selecting the traded TFs we could try to improve the (so far) poor performance
TIA

I added a new version of the EA v0.02 to the original post, you can select the timeframes you wish to trade.
  • #20
  • Mar 4, 2009 11:00am Mar 4, 2009 11:00am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting c0d3
I added a new version of the EA v0.02 to the original post, you can select the timeframes you wish to trade.
thx, unfortunately this new version has nothing to do with the original concept. The best feature on the first one was the self calculating SL and TP. The higher cpu consumption is not the big problem on foreward demo test and when u make the system as i suggested, the backtest will be possible too. May i ask u again to go for the modifications on the old one?
TIA
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