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Attachments: FrankenPip's C4 EA --- Would appreciate help
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FrankenPip's C4 EA --- Would appreciate help

  • #41
  • Aug 25, 2009 9:45pm Aug 25, 2009 9:45pm
Quoting Mindsphere
I've also been working on programming an EA based on momentum-based scalping utilising both the first and second derivative of price action to try and discern entry points. I'd be very interested in part-taking in the testing and tweaking of this EA, hayseed.



Very interesting you should say all that fxspeedster - I've been formulating strategies based on a similar concept. I had not considered counting the time between ticks however - I was examining the velocity and acceleration of price changes purely as a function of time. Have you had any...
Actually when I first developed the TI concept I thought of it along the second Newton law. Basically the Tick Interval is the Acceleration and the PipCount is the Velocity. When you have acceleration & velocity higher than the market reference basically you enter the trade. The acceleration/velocity of the momentum has high probability to carry you for 3-5 pips onward. When the A/V slows down.. you can also decide to exit. Basically the move is done and the well is dry!
I am not parsing any raw tick data per se. but I am storing the calculations in a rolling buffer and updating it with every incoming tick. To save time if the EA is shut down, I am storing some values Globally so that when I power back the EA the Global values are ready and the EA can trade immediately. When we get ready to incorporate TI into the EA you will get a much better idea how I coded it and what the results are. Obviously, you cannot backtest the EA with TI since MT4 does not store ticks and even if it did.. the intervals would be played at a constant interval by the backtest engine, but you can see the results almost instantly when the EA places 50-100 trades per 24 hrs per pair based on the TI concept alone. Very exciting to see!

Cheers
If it backtests good run it live!
  • #42
  • Aug 25, 2009 10:03pm Aug 25, 2009 10:03pm
To elaborate a bit basically what we are looking for is to board a fast moving train not a slow one if I can use FrankenPip's train analogy. If we board a slow moving train then the trade might take a while to give us the 5 pip TP or may stop us out. By boarding a fast train with TI, the trade is resolved fast and we get our TP fast. So I think it complements the train concept very well mainly as an entry as well as an exit filter. For example if the EA is ahead by 2-3 pips and the TI slows down.. then just take it and exit. Another opportunity waits just around the corner!
If it backtests good run it live!
  • #43
  • Aug 25, 2009 10:10pm Aug 25, 2009 10:10pm
Fxspeedster,

Very interesting concept that you are work with.... keep up the developing of it...especially interesting is how it might help in seeing which way the train is really picking up steam to go in...LOL

Bruce

Quoting fxspeedster
To elaborate a bit basically what we are looking for is to board a fast moving train not a slow one if I can use FrankenPip's train analogy....
  • #44
  • Aug 26, 2009 12:07am Aug 26, 2009 12:07am
Quoting fxspeedster
Great thread guys! kudos to Kostas and Hayseed for getting together to code this EA....
The creative juices have already started flowing. Nice contribution fxspeedster. Welcome to the party.
  • #45
  • Aug 26, 2009 9:57am Aug 26, 2009 9:57am
Quoting kostas1
The creative juices have already started flowing. Nice contribution fxspeedster. Welcome to the party.
Thanks Kostas. I look forward working with Hayseed. I propose to take the functions and make it into an indicator where it displays TI Sample vs TI Reference as lines which cross each other and the PipCount should be as a histogram superimposed on it on the same window. In this way we get a 3D view of the 3 components. After the indi is done we can then incorporate the functions into the EA when Hayseed is ready.

Cheers
If it backtests good run it live!
  • #46
  • Aug 26, 2009 10:05am Aug 26, 2009 10:05am
fxspeedster,

I was just looking at the indicator and thinking "I wonder if this could be make where it displays lines crossing.....

Great idea.... I hope that it can be done....

Keep up the great ideas flowing here.

Bruce

Quoting fxspeedster
Thanks Kostas. I look forward working with Hayseed. I propose to take the functions and make it into an indicator where it displays TI Sample vs TI Reference as lines which cross each other and the PipCount should be as a histogram superimposed on it on the same window. In this way we get a 3D view of the 3 components. After the indi is done we can then incorporate the functions into the EA when Hayseed is ready.

Cheers
  • #47
  • Aug 26, 2009 10:28am Aug 26, 2009 10:28am
Hello Everyone:

May I suggest the basic EA be built and debugged FIRST BEFORE you "improve" it. At least then, you'll have something that should keep up with the rat.
If you only trade long, then you can't always be wrong.
  • #48
  • Aug 26, 2009 11:54am Aug 26, 2009 11:54am
Quoting FrankenPip
Hello Everyone:

May I suggest the basic EA be built and debugged FIRST BEFORE you "improve" it. At least then, you'll have something that should keep up with the rat.
Great idea FrankenPip. This is why I recommended for the TI indi to be done separately from the EA for now. Thanks for the recommendation

Cheers
If it backtests good run it live!
  • #49
  • Aug 26, 2009 12:11pm Aug 26, 2009 12:11pm
Quoting FrankenPip
Hello Everyone:

May I suggest the basic EA be built and debugged FIRST BEFORE you "improve" it. At least then, you'll have something that should keep up with the rat.
Thanks for the participation in the EA thread FrankenPip. Your feedback will be valuable in this development.
  • #50
  • Aug 26, 2009 5:20pm Aug 26, 2009 5:20pm
hey everyone..... some things came up that took precendence..... sorry....

back workin on this now..... many have come up with their own ideas for various aspects..... personaly i think that is a good approach.......h
to trade and code, keep both simple... no call to impress....h
  • #51
  • Aug 26, 2009 5:34pm Aug 26, 2009 5:34pm
Quoting FrankenPip
Hello Everyone:

May I suggest the basic EA be built and debugged FIRST BEFORE you "improve" it. At least then, you'll have something that should keep up with the rat.
FrankenPip,
I very much like your analogy to beating the rat! It is so true.. This is about the only thread that I can speak my mind it seems so I can make few comments in reference to the rat.
You can't beat the rat unless you get at his low level. This means you have to realize the rat is playing with market/tick timing. If you play with anything else (regarding this scalping approach) you are playing at a higher level but not at the rat level so you effectively will not beat the rat. The rat sees what you don't see from high above. Nitro, Trix, HMA, WMA, or whatever it may be.. is not playing on the rat level. Its like trying to beat the rat from the top of the Empire State Building!
When everybody is ready to give the rat a run for its money.. lets Rock 'n Roll!

Cheers
If it backtests good run it live!
  • #52
  • Aug 26, 2009 5:45pm Aug 26, 2009 5:45pm
Very true. Have you seen some of the rats in NY? They are almost as big as the Empiire state building itself, lol

Regards,
Jeff


Quoting fxspeedster
FrankenPip,
I very much like your analogy to beating the rat! It is so true.. This is about the only thread that I can speak my mind it seems so I can make few comments in reference to the rat.
You can't beat the rat unless you get at his low level. This means you have to realize the rat is playing with market/tick timing. If you play with anything else (regarding this scalping approach) you are playing at a higher level but not at the rat level so you effectively will not beat the rat. The rat sees what you don't see from high above. Nitro, Trix,...
  • #53
  • Aug 26, 2009 6:36pm Aug 26, 2009 6:36pm
Quoting fxspeedster
FrankenPip,
I very much like your analogy to beating the rat! It is so true.. This is about the only thread that I can speak my mind it seems so I can make few comments in reference to the rat.
You can't beat the rat unless you get at his low level. This means you have to realize the rat is playing with market/tick timing. If you play with anything else (regarding this scalping approach) you are playing at a higher level but not at the rat level so you effectively will not beat the rat. The rat sees what you don't see from high above. Nitro, Trix,...
Like that!

Pardy
  • #54
  • Aug 26, 2009 6:37pm Aug 26, 2009 6:37pm
Quoting hayseed
hey everyone..... some things came up that took precendence..... sorry....

back workin on this now..... many have come up with their own ideas for various aspects..... personaly i think that is a good approach.......h
No probs, Hayseed. Trust all is well.

Regards
Pardy
  • #55
  • Aug 26, 2009 7:15pm Aug 26, 2009 7:15pm
Quoting fxspeedster
FrankenPip,
I very much like your analogy to beating the rat!...
Hi fxspeedster:

You can't beat the rat PERIOD. Don't even try. Instead, forget all the foolishness and just go left every time. You have seen my charts. You know exactly what I am waiting for. There is no secret. There is no thinking. I am doing exactly what the rat would do - turn left each and every time. If I don't then the rat will beat me.
If you only trade long, then you can't always be wrong.
  • #56
  • Aug 26, 2009 8:12pm Aug 26, 2009 8:12pm
Quoting FrankenPip
Hi fxspeedster:

You can't beat the rat PERIOD. Don't even try. Instead, forget all the foolishness and just go left every time. You have seen my charts. You know exactly what I am waiting for. There is no secret. There is no thinking. I am doing exactly what the rat would do - turn left each and every time. If I don't then the rat will beat me.
At least you are playing on the same (or close to) level as the rat!
If it backtests good run it live!
  • #57
  • Aug 28, 2009 4:41pm Aug 28, 2009 4:41pm
How is the progress with the EA coming along?
If it backtests good run it live!
  • #58
  • Aug 28, 2009 7:52pm Aug 28, 2009 7:52pm
hey fxspeedster..... sent it out to kostas and pardy...... i believe their plan was to do a quick look over first and then post it....

that should enable everyone to make their own prefered changes.... eta would very likely be soon.....h
to trade and code, keep both simple... no call to impress....h
  • #59
  • Aug 29, 2009 12:06am Aug 29, 2009 12:06am
Quoting fxspeedster
How is the progress with the EA coming along?

I was wondering the same thing? Hope we get to work with it soon, too.

Bruce
  • #60
  • Aug 29, 2009 9:51am Aug 29, 2009 9:51am
Thx much for the updated status. Looking forward to seeing how well it works.

thx,
todd

Quoting hayseed
hey fxspeedster..... sent it out to kostas and pardy...... i believe their plan was to do a quick look over first and then post it....

that should enable everyone to make their own prefered changes.... eta would very likely be soon.....h
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