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Generic Breakout V5

  • #41
  • Edited 6:59am Apr 27, 2009 2:48am | Edited 6:59am
0.01
is it possible to upload your backtest (any) report? do i need to download 1M data?
what is "ordersend error 130"
  • #42
  • Apr 27, 2009 8:41am Apr 27, 2009 8:41am
Hi ronald

tried to backtest ur EA but once I change the gmt setting, it sort of freezes in strategy tester.
  • #43
  • Edited 9:09pm Apr 27, 2009 7:59pm | Edited 9:09pm
Quoting Ronald Raygun
Thanks for the information scalpz. Then you mentioned the integers, I knew exactly what the problem was.

The EA was rounding off to the nearest whole number.

The solution is simple, I changed the associated variables from integer (whole numbers) to double (numbers with decimals).

And to quell any more requests for parameter explanations (just in case some people think it's impossible to guess).

Remark1 = "== Main Settings ==";
MagicNumber = 0; This is the magicnumber of the EA. It's what the EA uses to identify which trades belong to...

Hey man,

Do you think for a breakout EA it would be better to make the Identification of a Range a bit more dynamic. Instead of just Time Based and Max Range Size Based?

Max Range Size Based is a good idea. However I think it needs to be a bit more dynamic in the coding.

For example what signifies a range/consolidation period.

Consecutive Bars where the High and Low of consecutive bars are close together. What determines close. Well it needs to be dynamic also.

It could be based on a percentage of the Charts Time Frame ATR levels which could also be variable, ATR(x)

For example. 4Hr TF. Last (x) bars used to calculate the range,
the difference between the highest high and lowest low cannot be greater than (y) x ATR(z)

By doing this the ATR helps to determine the range and not just some arbitrary time and specific height of range.

What do you think?

You could then add a time based filter so that futher filtering can be done to determine when such ranges exist regularly.

If I'm way off the mark here let me know.

Cheers
  • #44
  • Apr 28, 2009 6:41am Apr 28, 2009 6:41am
Quoting Ronald Raygun
Thanks for the information scalpz. Then you mentioned the integers, I knew exactly what the problem was.

The EA was rounding off to the nearest whole number.

The solution is simple, I changed the associated variables from integer (whole numbers) to double (numbers with decimals).

And to quell any more requests for parameter explanations (just in case some people think it's impossible to guess).
...
Hi Ronald, thanks for the tweak. I thought that was it, but my attempt at fixing my copy was a little too rough and surprise, it didnt run, lol.
I'll read your changes & pick up some more training.

I have your v1_3a loaded & running on EURUSD. It took a sell last night, yea.
Now to sort out some proper flat spots or accumulation areas, whats the term, consolidation I think.

I noticed when the price is moving above & below the "LowerEntry" line, the Trade Trigger comment keeps changing "none" to "sell entry" & back.
Even though there is already a sell trade active. The ea isnt going to open any other trades is it.

Does the ea reset after the start & stop times are found the next day?

Its great having all the stoploss/trailing stop options.

Once again great work Ronald, thanks heaps.
Target 2 : Stoploss in the green
  • #45
  • Apr 28, 2009 6:53am Apr 28, 2009 6:53am
Quoting scalpz
Hi Ronald, thanks for the tweak. I thought that was it, but my attempt at fixing my copy was a little too rough and surprise, it didnt run, lol.
I'll read your changes & pick up some more training.

I have your v1_3a loaded & running on EURUSD. It took a sell last night, yea.
Now to sort out some proper flat spots or accumulation areas, whats the term, consolidation I think.

I noticed when the price is moving above & below the "LowerEntry" line, the Trade Trigger comment keeps changing "none" to "sell entry" & back.
Even though...
The EA will only manage one trade at a time. So, if you set your stoploss too tight, it's possible you will have a lot of false entries.

The EA resets once there is a new range found. If you prefer a stop trading time, I think I can put that in.
  • #46
  • Apr 29, 2009 10:59pm Apr 29, 2009 10:59pm
Quoting Ronald Raygun
The EA will only manage one trade at a time. So, if you set your stoploss too tight, it's possible you will have a lot of false entries.

The EA resets once there is a new range found. If you prefer a stop trading time, I think I can put that in.
Hi Ronald,
A stop trading time would be great, keep me out of the change over of sessions area when the trading pattern is likely to change. As long as it doesnt shut off any trailing stop work it may be doing.
I noticed a couple of times that the high or low of the first bar in the timeframe selected doesnt get taken into account when calculating the RangeHigh & RangeLow figures.
Again I tried to work it out near the loading of these two variables, but just seems out of range of the brain cell.
Thought it would be in the iHighest() & iLowest() functions, but not sure about the line.
int StartTimeShift = EndTimeShift;
Doesnt help much mixing in the ~...shift variables counting right to left. lol.

Thanks heaps for your help
cheers scalpz
Target 2 : Stoploss in the green
  • #47
  • May 1, 2009 10:04am May 1, 2009 10:04am
Hi Ronald!

Great work with the new EA. I have one request. Could you add "Percent of Range" for the TP as well. This would be great. With that parameter this EA is complete in my opinion !

Cheers and have a nice weekend!
  • #48
  • May 2, 2009 5:42am May 2, 2009 5:42am
Quoting Archie
Hi Ronald!

Great work with the new EA. I have one request. Could you add "Percent of Range" for the TP as well. This would be great. With that parameter this EA is complete in my opinion !

Cheers and have a nice weekend!

Yea I agree. That would be a great addition. Even adding a SL and TP funtion based on ATR values would be also a great option.
  • #49
  • May 4, 2009 9:32pm May 4, 2009 9:32pm
Hi Ron,

I get nothing when I try to test this in strategy tester. No movement at all. Other EAs test fine. Any ideas?

And does V5 use the master candle concept?

Cheers
CanuckCT
  • #50
  • May 4, 2009 9:47pm May 4, 2009 9:47pm
V5 = time based breakouts only. I already gave you a master candle EA.

And are there lines being drawn on the chart/
  • #51
  • May 5, 2009 2:44am May 5, 2009 2:44am
these 2 EA's work great! chapeau for RR!! do you know guys if there exists an EA which places stop orders based on previous high and previous low? now we have a timebased and a candlebased EA
  • #52
  • May 5, 2009 5:36am May 5, 2009 5:36am
There are a couple of red vertical lines....they appear and disappear quickly and then it stalls. No trades are placed.
Cheers
CanuckCT

Quoting Ronald Raygun
V5 = time based breakouts only. I already gave you a master candle EA.

And are there lines being drawn on the chart/
  • #53
  • May 5, 2009 8:57am May 5, 2009 8:57am
Anyone who is having trouble:

 

  1. Right click on the chart
  2. Click Objects List
  3. Look for the EA's lines
  4. Tell me their dates/prices under the parmeters tab.

  • #54
  • May 7, 2009 3:51am May 7, 2009 3:51am
Hi,

Great EA. I would appreciate TP based on percent of range, and also a max. orders per day option.

Regards

Archie
  • #55
  • May 11, 2009 5:11pm May 11, 2009 5:11pm
Ok, new features added:

 

  1. Reworked the range-finding code. The current iteration does not necessarily work through midnight as I found out. This one should now work through midnight.
  2. I added a TP based on percentage of range. A note on TPs: You can use multiple TPs and enable all the TP options. When presented with multiple TPs, the EA will use the larger TP.
  3. I also added trade limiters. You can set limits based on total trades, long trades, and short trades. Set any of those to '0' to disable them. You can enable all 3 settings. For example:

    1. MaxTradesPerDay: 10
    2. MaxLongs: 8
    3. MaxShorts: 7
    4. This means that during a given day, you can have a total maximum of 10 trades long or short, but only a maximum 8 of 10 trades long and 7 of 10 trades short. This is useful if you want to balance out fakeouts. .
    5. There is also a time reset feature.

Attached File(s)
File Type: mq4 Generic Breakout Version 5.mq4   17 KB | 612 downloads
  • #56
  • May 11, 2009 11:09pm May 11, 2009 11:09pm
thanks, gonna try this out for an asian breakout strat
  • #57
  • May 12, 2009 4:53am May 12, 2009 4:53am
Hi,
Anyone are using V5 to trade in live/demo account? Can share the statement with us?
Happy Trading
  • #58
  • May 12, 2009 11:19am May 12, 2009 11:19am
Hi,

Great work with the EA RR. Thanks. I will try this one on demo starting today. I will post results here.

Archie
  • #59
  • May 12, 2009 1:47pm May 12, 2009 1:47pm
Hi,

I have a question about trading times. If I turn on the EA before the end of a range, will it place any trades then? If I have the reset time set for the start of a new day, and the range start at that same time, will it only place trades after the end of the range or before? If so, what range will the trades be based on?

Regards

Archie



Quoting Ronald Raygun
The EA will only manage one trade at a time. So, if you set your stoploss too tight, it's possible you will have a lot of false entries.

The EA resets once there is a new range found. If you prefer a stop trading time, I think I can put that in.
  • #60
  • May 12, 2009 1:52pm May 12, 2009 1:52pm
Hi RR -- nice work... I was backtesting and found that no long positions were being opened, with an error 130 (invalid stop level) in the journal. Upon further inspection I found that the problem was with the %range stop loss, specifically dividing the %range by 100 (an int) instead of 100.0 (a float).

The attached version fixes this bug, it didn't seem to affect the TP levels or Short orders, but I fixed it in all 4 locations anyway.

There was another bug on line 353, was "> StopLossLevel", but should be "< StopLossLevel"

Also I didn't understand why you were testing if the calculated SL/TP was greater/less than the existing value on lines 352, 356, 393 and 397, so I took this out, to make the code easier to understand and more efficient. Does it need to be added back in? What was the logic behind that?

Thanks again, gonna keep testing this one.
Attached File(s)
File Type: mq4 Generic Breakout Version 5.mq4   17 KB | 572 downloads
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