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THV MTF EA beta testing

  • #1,601
  • Aug 4, 2009 6:54am Aug 4, 2009 6:54am
@Xux

Another question regarding the pervention/minimizing of bad trades (see atached chart) - at 13:00 price touch MR1 (is this a "MidPivot" ? - using a setup term) but a sell trade was taken - although it would be better to wait a moment for enter - after passing for MR1 line ? So better to prevent this trade at all. How could I achieve that ? "MidPivot" = 1 ?
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 04_08_09.gif Size: 25 KB
  • #1,602
  • Edited 8:47am Aug 4, 2009 6:54am | Edited 8:47am
Quoting Mandl2007
atachted are 2 actual set files - one "all time" for AUD, JPY and NZD and one for London/NY session only - EUR, CAD, GBP and CHF.

indi priority for exits is now "1" - to get earlier out.

Using 12 pairs to get more trading examples for analysis of trades - good or bad running - its all good for tweaking and learning !
too many pairs to focus on. This is what I am doing. I am currently collecting real time ticks on 6 pairs that I intend to use for 5 min and 15 min scalping mainly coz of the low spread. On may laptop I've got rest of the available pairs also collecting ticks BUT I am only going to use that for testing higher TF later..
Now, of these 6 I'll test them as the data becomes available week after week as I know the ticks are real and CLEAN. I can do as many of backtests as I want on weekends and then continue adding more and more clean data to further fine tune the EA.
This is going to take time but I am supremely confident of this approach rather than depending on data from History Centres. Since I'll also be watching price action all week, I'd know what happened during d week and can re-run as may tests as I want untill set becomes more meaningful.
God bless who ever created this tick logger!
Cheers
Kaz
  • #1,603
  • Aug 4, 2009 7:05am Aug 4, 2009 7:05am
What are these 6 pairs you are focussing on ?
  • #1,604
  • Aug 4, 2009 8:15am Aug 4, 2009 8:15am
Quoting Mandl2007
atachted are 2 actual set files - one "all time" for AUD, JPY and NZD and one for London/NY session only - EUR, CAD, GBP and CHF.

indi priority for exits is now "1" - to get earlier out.

Using 12 pairs to get more trading examples for analysis of trades - good or bad running - its all good for tweaking and learning !
Mandl, I'm backtesting your set file for eurusd. I'm doing it from May 4th to 28th july and yhis takes a few hours (more than I expected).
Just to give you an idea, in the first 2 weeks, there were a lot of negative trades (around 40%) but 2 great rallys (one of 200 pips and another of 290 pips).

Don't know if this information is important for you, but anyway, here it is.
  • #1,605
  • Aug 4, 2009 8:38am Aug 4, 2009 8:38am
[quote=Mandl2007;2928326]Hi Kaz - accordingly to your post #1596 made some changesin my settings -

to clearify this from you:

"3. Since we are using indicator based exit with priority 2 we need to define first exit, u can use M15 dot color change for that, which will be level 1 and level two will become active which could be iMaxCross."
/quote]

speaking of which..I'd like to verify with XuX that I am understanding it correctly. I am a little confused myself, but as he pointed out earlier its actually values of closed dot candles which are taken into account..I missed this point earlier. Now, I am considering new ways of countering the less than optimal moves which keep annoying us.

Ok here is what i understand by exit logic:
1. There are two types of exits..indicator based(trix,cloud,coral) and level based(S/R, Pivot,Psych)
2. Indicator based is valid only once, level based is unlimited.
3. Can have two priorities..1 meaning first exit 2 meaning second and later.

I have problem optimizing exits with priority = 2 as FIRST exit should occur before indicators or levels are enabled. I am trying to find out what can be this FIRST exit? With this priority..it only has to be a TP.
If we use priority = 1 we might risk a pre-mature exit with indicators and levels. How to find the right balance?

Kaz
  • #1,606
  • Aug 4, 2009 8:41am Aug 4, 2009 8:41am
Quoting Mandl2007
What are these 6 pairs you are focussing on ?
EU, GU, AU, UJ, EJ, UCAD..UCHF is mostly the mirror of EU. So not including that one. Important is to find a profitable base logic that applies to these and then we can fine tune it to respective groups/pairs according to their behaviour.
Cheers
Kaz
  • #1,607
  • Aug 4, 2009 9:12am Aug 4, 2009 9:12am
Sorry bro..my mind just keep churning out these stupid questions I can't seem to answer myself.

1. Is FastSlowTrixCross and iMaxCross same in real time?

2. If we are using Dot 1 = M15-F, Current TF is M15 :
MTFTrixDot1 = 110 FastTrixDirection=310 do they nullify each other?

3. Are overbought oversold levels checked in real-time or only on closed candles?

Thanks for your patience..
Regards
Kaz
  • #1,608
  • Aug 4, 2009 9:19am Aug 4, 2009 9:19am
Quoting NosferatuMan
Mandl, I'm backtesting your set file for eurusd. I'm doing it from May 4th to 28th july and yhis takes a few hours (more than I expected).
Just to give you an idea, in the first 2 weeks, there were a lot of negative trades (around 40%) but 2 great rallys (one of 200 pips and another of 290 pips).

Don't know if this information is important for you, but anyway, here it is.
Could the rallys be caught with a 4h trend?
  • #1,609
  • Edited 10:08am Aug 4, 2009 9:58am | Edited 10:08am
Ok here is what i understand by exit logic:
1. There are two types of exits..indicator based(trix,cloud,coral) and level based(S/R, Pivot,Psych)

Actually there are three, take profit is the third.

2. Indicator based is valid only once, level based is unlimited.

Level based exits can be unlimited or limited depending on the number used at PriceTouchSRLevel and PriceTouchPsychLevel. This number defines how many levels can trigger an exit.

3. Can have two priorities..1 meaning first exit 2 meaning second and later.

You can also set it to 3 meaning exit at the third exit stage.



Sorry bro..my mind just keep churning out these stupid questions I can't seem to answer myself.

1. Is FastSlowTrixCross and iMaxCross same in real time?

No they are different indicators and give different signals.

2. If we are using Dot 1 = M15-F, Current TF is M15 :
MTFTrixDot1 = 110 FastTrixDirection=310 do they nullify each other?

You have the same entry signal from two different settings, it will work though.

3. Are overbought oversold levels checked in real-time or only on closed candles?

They are checked in real time.

Thanks for your patience..
Regards
Kaz
  • #1,610
  • Aug 4, 2009 11:36am Aug 4, 2009 11:36am
Quoting xux99
Ok here is what i understand by exit logic:
1. There are two types of exits..indicator based(trix,cloud,coral) and level based(S/R, Pivot,Psych)

Actually there are three, take profit is the third.

2. Indicator based is valid only once, level based is unlimited.

Level based exits can be unlimited or limited depending on the number used at PriceTouchSRLevel and PriceTouchPsychLevel. This number defines how many levels can trigger an exit.

3. Can have two priorities..1 meaning first exit...
Thanks for your detailed explanation XuX!
Now I understand the exits better! I think I floated an idea earlier about MinEntryATR. Do you think such a function could be useful for filtering false entries in low volume periods? We can use it same as OB/OS levels, say eg if 3*ATR(20) < 10 on M1 chart, we won't take the entry on higher TF.
What are your thoughts about it?

Cheers
Kaz
  • #1,611
  • Aug 4, 2009 11:51am Aug 4, 2009 11:51am
Quoting Mandl2007
I hate them ! 07:15 and 15:45 - what can you advice ? How to minimize these fu....g losses ?
This one could be avoided by using zero cross!
  • #1,612
  • Aug 4, 2009 11:56am Aug 4, 2009 11:56am
Quoting Mandl2007
@Xux

Another question regarding the pervention/minimizing of bad trades (see atached chart) - at 13:00 price touch MR1 (is this a "MidPivot" ? - using a setup term) but a sell trade was taken - although it would be better to wait a moment for enter - after passing for MR1 line ? So better to prevent this trade at all. How could I achieve that ? "MidPivot" = 1 ?
These types are the hardest to avoid. As rules are met and EA says i am ready to go but only find that Fast and Slow Trix are making straight line or sewing into one another..how about using Coral as exit in this case?
  • #1,613
  • Aug 4, 2009 12:45pm Aug 4, 2009 12:45pm
It may work but I haven't tested it.
Quoting kaizasoze
Thanks for your detailed explanation XuX!
Now I understand the exits better! I think I floated an idea earlier about MinEntryATR. Do you think such a function could be useful for filtering false entries in low volume periods? We can use it same as OB/OS levels, say eg if 3*ATR(20) < 10 on M1 chart, we won't take the entry on higher TF.
What are your thoughts about it?

Cheers
Kaz
  • #1,614
  • Edited 2:03pm Aug 4, 2009 1:52pm | Edited 2:03pm
Hi Kaz !

Yes - as you mentioned in your post #1605

"I have problem optimizing exits with priority = 2 as FIRST exit should occur before indicators or levels are enabled. I am trying to find out what can be this FIRST exit? With this priority..it only has to be a TP.
If we use priority = 1 we might risk a pre-mature exit with indicators and levels. How to find the right balance?"

I could quickly warch out: exit priority "1" for indis is relly a bad idea - most trades are closed in this case to early - no possibility for running them ! I switched it again to "2". But now I try anpther set file - see attached. "trailingStopsDisablesExits" is now false, use now the only pattern "TrixDivergence" = "3".

And not to forget - now I try get some more confirmation from upper TF - trading more with we 1 H trend. May be this can better filter out noise ?
Attached File(s)
File Type: zip actual set files.zip   3 KB | 450 downloads
  • #1,615
  • Aug 4, 2009 6:58pm Aug 4, 2009 6:58pm
@Xux

Why wasn't a buy trade opened ? Criteria are fullfilled - all is green - price already went through the MR1 line and after that, S/R (MR1+ R1) lines are far enough ?

Used set file is in the post above.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 05_08_09.gif Size: 27 KB
  • #1,616
  • Aug 4, 2009 7:00pm Aug 4, 2009 7:00pm
Quoting Mandl2007
Hi Kaz !

Yes - as you mentioned in your post #1605

"I have problem optimizing exits with priority = 2 as FIRST exit should occur before indicators or levels are enabled. I am trying to find out what can be this FIRST exit? With this priority..it only has to be a TP.
If we use priority = 1 we might risk a pre-mature exit with indicators and levels. How to find the right balance?"

I could quickly warch out: exit priority "1" for indis is relly a bad idea - most trades are closed in this case to early - no possibility for running them ! I switched...
Why are you disabling the TrailingStopsDisablesExits..this is the boarding pass in case PA takes off to moon! Imagine this PA takes off and hits 25 pip TP as your first exit..thats pretty much what you have to wait for as now u can trail the PA and just follow it where-ever it goes! I don't think u can catch big moves without it.
Also, why using just divergence? There are plenty of patterns which play a supportive role. Use them too..they do work and are great in their own respects.
I am assuming you had a tough day with PA today and you keep altering the set files to make some moves. On this day..we stay PATIENT! I got a 25 pip loss too. I am happy taking it. All I can say is EA followed the rules.

Cheers
Kaz
  • #1,617
  • Aug 4, 2009 7:38pm Aug 4, 2009 7:38pm
Quoting Mandl2007
@Xux

Why wasn't a buy trade opened ? Criteria are fullfilled - all is green - price already went through the MR1 line and after that, S/R (MR1+ R1) lines are far enough ?

Used set file is in the post above.
May I intrude..
You are using HA candles, its hard to see where price was. Try using Bars when you post screenshots so that exact OHLC could be taken into account.
It looks like the rules were met right at R1. But S/R distance prevented EA from taking the order and looks like it did the right thing!

Kaz
  • #1,618
  • Aug 4, 2009 8:01pm Aug 4, 2009 8:01pm
hmmm ... may be may be ... but S/R distance parameter is only 3 pips ? At least the candle at 01:30 seems to be far enough from MR1 and R1 ... just my 2 cents.
  • #1,619
  • Aug 4, 2009 8:31pm Aug 4, 2009 8:31pm
All conditions were met except TrixDivergence. There is no divergence within the past three bars.

Quoting Mandl2007
@Xux

Why wasn't a buy trade opened ? Criteria are fullfilled - all is green - price already went through the MR1 line and after that, S/R (MR1+ R1) lines are far enough ?

Used set file is in the post above.
  • #1,620
  • Aug 4, 2009 8:46pm Aug 4, 2009 8:46pm
Quoting xux99
All conditions were met except TrixDivergence. There is no divergence within the past three bars.
Interesting..do patterns work like this? I thought EA would first look for THV rules and then patterns. If THV rules are met EA takes the trade, if patterns agree better otherwise we are good to go. Am I right there XuX?
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