The Awsome Oscillator show waves beginning as it flips over the o line. Could the EA be programmed to take trades that only go along with the direction and color match of the AO. Like in conjunction with the Psar change in that direction once it happens. The trades clearly will go. ATR and Resistance and support will clearly give you the projections. The AC will show you the flips over the 0 to go along with this. The Awsome Oscillator is the mimic of the Elliott Wave. It will show you the waves starting and ending. It is obvious the direction if you look at it. From my perspective, these should be programmed to match in direction as much as color.
- #162
- May 1, 2009 9:07am May 1, 2009 9:07am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
The Awsome Oscillator show waves beginning as it flips over the o line. Could the EA be programmed to take trades that only go along with the direction and color match of the AO. Like in conjunction with the Psar change in that direction once it happens. The trades clearly will go. ATR and Resistance and support will clearly give you the projections. The AC will show you the flips over the...
I know of no way to check the colour of a histo in mql4. If anybody else does, then please say because it would be useful.
I emulate the colour by looking at the values of the various indicators. If they have been rising, I assume they are green; if falling, I assume they are brown. There is no code to check that AO is the 'correct' side of the 0 line, as I did not see any mention of that in the thread.
I did not read all of the thread, so if I missed anything then shout out and I will add the requisite code.
- #165
- May 1, 2009 11:28am May 1, 2009 11:28am
- | Joined Nov 2006 | Status: Trader | 1,143 Posts
My understanding of this method is that both AO and AC have to be the same colour when a trade is being contemplated.
I know of no way to check the colour of a histo in mql4. If anybody else does, then please say because it would be useful.
I emulate the colour by looking at the values of the various indicators. If they have been rising, I assume they are green; if falling, I assume they are brown. There is no code to check that AO is the 'correct' side of the...
Remove these lines;
SetIndexLabel(1,NULL);
SetIndexLabel(2,NULL);
Enables display of the other buffers. If Buffer 1 has Values then the line is Green and if Buffer 2 has values, then line is Red. Gave up on Forex for a bit
Is this system good? What settings are you guys using now?Thanks man
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
- #171
- Edited 5:57am May 3, 2009 4:56am | Edited 5:57am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Be careful about making a lot of changes to Steve's EA. It is working well.
So, Susan, I have not added the multiple trade thingy, but you can emulate this with a single trade. Suppose you wanted 5 trades, totalling 1 lot. Use these settings:
- Lot = 1
- EaManagesTrades = true
- BreakEven = true
- BreakEvenPips = 20 (or whatever increment you want)
- JumpingStop = true
- JumpingStopPips = 20 (or whatever increment you want)
- AddBEP = false
- PartCloseEnabled = true
- Close_Lots = 0.2
- Preserve_Lots = 0.2
At +20 the robot would move the stop to breakeven and close .2 of the trade. At +40 another .2 closes and the stop advances by a further 20, and so on until +80 or the market retraces and the trade is stopped out.
This might not be quite what you wanted but is the best you are going to get. The coding required to send multiple trades is easy, but the coding to ensure that all of them are sent and to make up any that are missed is horrendous. The robot has to be able to work out how many were not sent and keep a track of the missing tp's. Frankly, life is too short to get into that. 
I think it would be good to remove the options that are not active in the code.
After reading all the notes I can see why it would be good to leave all the settings alone, but to ad one. If we can check the 1 day trend, but trade in the 4 hour time frame only in the trend the 1 day indicates. It may help us get in to only good trades. I think it would trade much less often.
Right now I get 80% profitable trades, but I think this option / setting could increase the profitable trades to 90%.
Just an idea.
Gary
For example, the robot sent a gu sell last week that went into about 20 pips profit. To go any further, the market had to break a huge area of support, so I closed it. Subsequently, the market rose and the trade would have hit sl at -125; huge difference in result.
When a tp is a few pips beyond a big s/r line, I move it back inside. This can make a difference of a lot of pips if the market retraces from the s/r and eventually stops out at my breakeven.
So far, I am up just shy of 600 pips using this robot.
Coders can see that there is commented out code, to draw daily fibs on the chart. I have already started to think about using s/r to help with tp and sl calculations, possibly even with trading decisions. I am a fib fan; the fib settings I use are those that evolved in Isy's thread - http://www.forexfactory.com/showthread.php?t=69499 for anyone interested.
I am going to continue developing this robot. Ash's strategy works manually; this is why the robots work as well. The differences between manual and robot trading are obvious, and the latter can never completely replicate the former, but the closer we can come the better.
So, the attached version has two new settings:
- TradeLong
- TradeShort
These default to 'true', allowing trading in both directions. Set either of them to 'false' to disable trading against a longer-term trend.
I am going to add trend-spotting features. What are everyone's favourites? Here are my suggestions, both applied to 1 chart setting up from the one being traded:
- MACD above +.00100 for long and below -.00100 for short.
- Eulating a simple eyeball of the higher tf:
- closing higher for X bars = long trend
- closing lower for X bars = short trend
- mixed = no trend
Sing out if you have any others - they are a doddle to code. Just remember that the more features we add the more complex the robot becomes to understand and I am not going to write a manual for this one. I hate writing manuals. Someone else can do that.
- #173
- May 3, 2009 4:43pm May 3, 2009 4:43pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Ok then guys: Thank you so much for the efforts and the kindness to give me those settings. I surely will try them. I am so use to doing things one way. I actually use the OzFx that you, Steve, programmed. They work perfectly. We have made thousands of pips using the method. We use the OzFx to enter and use another EA to move all stops to breakeven on the orders. It is great. I think what you said on how to put the orders in your new EA would work the same. Thank you so much for hour help. I hope this helps us all.
- #175
- May 3, 2009 5:22pm May 3, 2009 5:22pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Can anyone help me with this error?
AshFx Version II EURCAD,H4: invalid lots amount for OrderSend function
- #177
- May 3, 2009 6:04pm May 3, 2009 6:04pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve: Goodness, I don't even know how to send it to you. I have it in my indicator list. Do you know how?
Scripts and EA's - I am your man. Indis - clueless.
- #179
- May 3, 2009 6:15pm May 3, 2009 6:15pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Sorry, it is in my Exper folder on IBFX, sorry.
Create a reply.
Click on Manage Attachments.
Click Browse.
Navigate to the Experts folder.
Select the EA and click Upload. When the upload is complete, close the upload window.
Enter, 'Did it, yaaaaayyyy' or some such into the reply and send it.