Rbi, many thanks for your EA. Your time is much appreciated. I know these things take dozens of hours to do right. By all rights it should be getting a lot more notice here than it has been.
A couple of mods I'd ask you to consider:
1. A filter keeping us out of trades if the box is too big. The idea being that if the box is already too big by trading time, then the daily range is already exhausted past the point of safe trading. IMHO 80 pips would be a safe default value.
<<<<<<UnsafeRangeInPips:800>>>>> [TRUE/FALSE]
2. An EMA entry filter. I've been watching this one mod closely for over 3 months now. This one mod alone will filter out 50% or more of bad entries. Assuming all other filters are "go", the EMA acts as the final filter before entry. Basically, no trade is taken until the EMA line crosses the Long/Short price point as defined by the breakout box+buffer margin. 5 EMA/Close works best for me, but to each his own.
<<<<<<EMA_EntryFilter>>>>>> [TRUE/FALSE]
<<EMA_Value:5>>
<<OPEN/CLOSE>>
I'd go live with your robot tomorrow if it had these mods inside!
Thanx again for all your help, past and future!
A couple of mods I'd ask you to consider:
1. A filter keeping us out of trades if the box is too big. The idea being that if the box is already too big by trading time, then the daily range is already exhausted past the point of safe trading. IMHO 80 pips would be a safe default value.
<<<<<<UnsafeRangeInPips:800>>>>> [TRUE/FALSE]
2. An EMA entry filter. I've been watching this one mod closely for over 3 months now. This one mod alone will filter out 50% or more of bad entries. Assuming all other filters are "go", the EMA acts as the final filter before entry. Basically, no trade is taken until the EMA line crosses the Long/Short price point as defined by the breakout box+buffer margin. 5 EMA/Close works best for me, but to each his own.
<<<<<<EMA_EntryFilter>>>>>> [TRUE/FALSE]
<<EMA_Value:5>>
<<OPEN/CLOSE>>
I'd go live with your robot tomorrow if it had these mods inside!
Thanx again for all your help, past and future!