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50 pips candle system

  • #201
  • Nov 19, 2009 10:27am Nov 19, 2009 10:27am
Quoting maximus2005
Je voulais prendre le temps de te remercier en français car je crois que tu parles français!!!Merci pour ce système Zébulon!!! Maximus
De rien, t'es toujours short ??
  • #202
  • Nov 19, 2009 10:51am Nov 19, 2009 10:51am
Non j'ai fermé ma position short et je suis long maintenant comme vous tous...Merci Maximus
  • #203
  • Nov 19, 2009 1:03pm Nov 19, 2009 1:03pm
Quoting zebulon
De rien, t'es toujours short ??
how much pips u have made until now with ur method ?

???????????
  • #204
  • Nov 22, 2009 3:19pm Nov 22, 2009 3:19pm
Quoting fadi66
how much pips u have made until now with ur method ?

???????????
150 pips this month, before on demo
  • #205
  • Nov 22, 2009 3:30pm Nov 22, 2009 3:30pm
november updated
150 PIPS
Attached Image (click to enlarge)
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  • #206
  • Nov 23, 2009 10:46am Nov 23, 2009 10:46am
It would be great if someone could code the "pricechangechart" indi to start at psych levels of price (eg. 00 and 50), similar to how the "sweetspotgold" indicator picks out these levels.

If one can get this indicator to do that, then I believe an EA would be easy to code as the buy/sell orders could be based off this indicator.

Check out my attached picture below - you'll see that the indi's don't quite line up. I tried adding "extern" to the indi (also attached below), but it doesn't work properly.

Now that I look closer, it almost appears the indicator doesn't line up because of the spread - perhaps the indi is based on bid prices instead of ask prices?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 15 KB
Attached File(s)
File Type: mq4 PriceChangeChart.mq4   2 KB | 555 downloads
  • #207
  • Nov 23, 2009 5:51pm Nov 23, 2009 5:51pm
Got the indi to work now! Removed the time start from the pricechangechart code and now it seems to line up with the sweetspot indi. It may get screwy if you switch timeframes.

Here is the modified indicator - put it on the chart with sweetspotgold and set the bar size to be the same in both indi's.

Now, you could more easily backtest a month manually to see if there is an optimal bar size - 25, 50, 75, 100? As was previously suggested, the bar size should perhaps be dependent on ATR/volatility?
Attached File(s)
File Type: mq4 SweetSpotsGOLD.mq4   4 KB | 686 downloads
File Type: mq4 PriceChangeChart1.mq4   2 KB | 770 downloads
  • #208
  • Nov 23, 2009 6:13pm Nov 23, 2009 6:13pm
Quoting optojay
Got the indi to work now! Removed the time start from the pricechangechart code and now it seems to line up with the sweetspot indi. It may get screwy if you switch timeframes.

Here is the modified indicator - put it on the chart with sweetspotgold and set the bar size to be the same in both indi's.

Now, you could more easily backtest a month manually to see if there is an optimal bar size - 25, 50, 75, 100? As was previously suggested, the bar size should perhaps be dependent on ATR/volatility?

I think it should be a good idea, to be dependant the ATR... Let´s see... BTW this post is getting killed because of poor backstests... All indis I´ve tried didn,t work, you know, 4 hours doing backtest for nothing... let´s see your indi how´s perform! But, BTW I don´t know why when i try to download it i get a message of wrong attachment...
  • #209
  • Nov 23, 2009 6:19pm Nov 23, 2009 6:19pm
Ok! I´´ve got it... I will take a look...!!

ThAnks for keeping this post alive!
  • #210
  • Nov 24, 2009 1:27am Nov 24, 2009 1:27am
Thank you for your work !

november = 50 pips at the moment

waiting for more volatility...
Attached Image (click to enlarge)
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  • #211
  • Nov 24, 2009 5:03am Nov 24, 2009 5:03am
Quoting optojay
Got the indi to work now! Removed the time start from the pricechangechart code and now it seems to line up with the sweetspot indi. It may get screwy if you switch timeframes.

Here is the modified indicator - put it on the chart with sweetspotgold and set the bar size to be the same in both indi's.

Now, you could more easily backtest a month manually to see if there is an optimal bar size - 25, 50, 75, 100? As was previously suggested, the bar size should perhaps be dependent on ATR/volatility?
It is very good now, can you add the function for changing the colours?
As it is, red candles get lost in the red back ground.
Regards
  • #212
  • Nov 24, 2009 7:41am Nov 24, 2009 7:41am
Howard, did you put the correct bar length? Default is 500, for 5 digit brokers...
this indicator works perfect for me!

P.D. take a look to January 2008... I think there is a big DD...
  • #213
  • Nov 24, 2009 8:39am Nov 24, 2009 8:39am
Quoting CaNaRyTraDeR
Howard, did you put the correct bar length? Default is 500, for 5 digit brokers...
this indicator works perfect for me!

P.D. take a look to January 2008... I think there is a big DD...
Yes, 50 for 4-digit brokers and 500 for 5-digit brokers, I have not done any back testing, for November the result is zero at the moment.
Regards
  • #214
  • Nov 24, 2009 8:45am Nov 24, 2009 8:45am
zebulon :

can u tell me ur results until today ?
cause today i went short and the deal stopped at the s.l price .......

can u advise me ,
  • #215
  • Nov 24, 2009 9:04am Nov 24, 2009 9:04am
Quoting fadi66
zebulon :

can u tell me ur results until today ?
cause today i went short and the deal stopped at the s.l price .......

can u advise me ,
the same for me, november i've made 0 pips
  • #216
  • Nov 24, 2009 2:33pm Nov 24, 2009 2:33pm
Quoting howard
It is very good now, can you add the function for changing the colours?
As it is, red candles get lost in the red back ground.
I am red-green colorblind, so I changed the green to blue. I just did it in the code itself.

Just click on the indicator, then select modify. Then scroll down to line 45 and line 55 and type in whatever color you want after "OBJPROP_COLOR" and then save the file. Then restart metatrader and you will get the result.

I'm not a coder, so sorry I cannot implement this as a menu in the settings.
  • #217
  • Nov 24, 2009 3:28pm Nov 24, 2009 3:28pm
Hope this helps some of you!

Try out my backtesting worksheet - should make your backtesting much smoother. These are the instructions:

1. Put the two indicators on your chart set for the same candle/increment length (eg. 50 or 500 for 5 digit broker).
2. Open the worksheet and enter the candle length in cell B6 in pips.
3. Starting at C8 and working your way down, enter either B or R for Blue candle or Red candle.
4. Total pips will be calculated at cell G2.
5. If you need to add more lines, just highlight a row from Column E to N inclusively and drag it downwards or just cut/paste.
6. You could copy the entire sheet to add new months, etc.


November is coming out at zero pips up to today, the 24th....
Attached File(s)
File Type: xls 50candleBACKTESTWORKSHEET.xls   76 KB | 556 downloads
  • #218
  • Nov 24, 2009 5:40pm Nov 24, 2009 5:40pm
Here's november backtest for 25, 50, and 100 pip candle/increment size.

25p = -275 pips
50p = 0 pips
100p = -100 pips
Attached File(s)
File Type: xls NOV.xls   171 KB | 414 downloads
  • #219
  • Nov 25, 2009 3:02am Nov 25, 2009 3:02am
November updated = 100 pips
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  • #220
  • Nov 26, 2009 6:33am Nov 26, 2009 6:33am
new candles : november = 100 pips
Attached Image (click to enlarge)
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