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Nanningbob 60x90 EA

  • #3,021
  • Feb 17, 2010 11:56pm Feb 17, 2010 11:56pm
Quoting IamTHAT
Thanks quito and Bob,

for this new addition.
I have started testing this one. If a function can be added to test whether trade already exists before adding a new trade is essential. This module is available everywhere and let me see whether I can do it..
Great job all first levels entered. I spotted two problems however. Here is the first one. The EA cannot enter until the screen refreshes. The gbp/jpy entered a sell above the white line but then the screen refreshed and the sell now is below the line. Here is the pic with the sell below the white line. This is because before the screen refreshed it enteredbecause the white line was below price, it entered the trade. Then the screen refreshed and move the white line above so It should have been a no trade.
Attached Image (click to enlarge)
Click to Enlarge Name: gbp jpy.gif Size: 42 KB
  • #3,022
  • Feb 18, 2010 12:06am Feb 18, 2010 12:06am
The second issue is when the trade should start. Right now I would like to test no trading from the white line to the first red and green line. Right now it is unless the problem is caused by the refreshment issue. Then it is not entering past the last green or red line and I want it to enter when it is that far away from center. Those should be very good trades. Here is a pic of a no trade beyond the red line.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd chf.gif Size: 12 KB
  • #3,023
  • Feb 18, 2010 12:08am Feb 18, 2010 12:08am
I see you have added a comment line, that is good. I would like to see added is distance from top of screen to bottom and the distance from one line to another line. Hanover did some coding with comments at this thread on the original indicator that MagnumFreak coded. Here is the FF address:

http://www.forexfactory.com/showthre...97#post3464597

Then this distance from one line to another becomes your TP so if the distance is 54 pips the EA will set TP at 49 pips 5 pips short. This will give us another entrance just before it goes back to center or several TPs as price moves back to center if it is way outside the most outside line. Great job this looks good.
  • #3,024
  • Feb 18, 2010 12:32am Feb 18, 2010 12:32am
One more thing, I love your EA, simple and easy to use. I put .10 for my lots size but it shows .50 on comments section of the screen and it entered all first levels at .50
  • #3,025
  • Edited 12:46am Feb 18, 2010 12:32am | Edited 12:46am
the 1st i already notice, but i don't know how to solve it, i don't understand how that happens, i refresh the screen in the end of init()and make the ea sleep to be sure that it had refresh. i do he math in the beginning of start() and the OrderSend() as the last thing.
To me this bug only happens when i start the EA, the second order is allright.

I didn't understand the 2nd. for me it buys (for example) with standard lot size if green_2<bid<green_1, with 2*standard lot when bid<green2.
so no trades in the areas white-green white-red

you have different results?

Here is my screen from the backtesting:
Attached Image (click to enlarge)
Click to Enlarge Name: ecra.gif Size: 24 KB


the 1st two buy order i don't know if it is the bug or if it was the border of the 2nd green line.

the sell order is ok. it was made in the 1sr red line and tp set to the white line
  • #3,026
  • Feb 18, 2010 12:36am Feb 18, 2010 12:36am
I think the problem is off the refresh of the screen. Here is a nzd trade before the refresh, so it entered and after the refresh it will be inside. So I think that is the issue.
Attached Image (click to enlarge)
Click to Enlarge Name: nzd usd.gif Size: 13 KB
  • #3,027
  • Feb 18, 2010 12:43am Feb 18, 2010 12:43am
I think good EAs to study would be ones that trade off of pivot points or Fib lines. They would have the same issues and solutions. Similar systems. Remember, I have never seen this indicator before until a week ago so it is new as far as I know. It will take time to get all the wrinkles out. When I work on a new system it can take 1-3 months to get it working right. The 60x90 was over a month in the making so it takes time. This is a great start though, thank you for your efforts.
  • #3,028
  • Feb 18, 2010 12:49am Feb 18, 2010 12:49am
Quoting nanningbob
I think the problem is off the refresh of the screen. Here is a nzd trade before the refresh, so it entered and after the refresh it will be inside. So I think that is the issue.
That screen looks good to me. it made a sell between the red lines.
Or it's wrong and i'm not seing?
  • #3,029
  • Feb 18, 2010 2:30am Feb 18, 2010 2:30am
Quoting guito2009
That screen looks good to me. it made a sell between the red lines.
Or it's wrong and i'm not seing?
Yes the EA is correct but the lines are wrong.
  • #3,030
  • Feb 18, 2010 2:42am Feb 18, 2010 2:42am
Doing double positions. Here is usd jpy with a trade above and a trade below the line. Interesting EA did exactly what it was suppose to do.
Attached Image (click to enlarge)
Click to Enlarge Name: usd jpy.gif Size: 12 KB
  • #3,031
  • Feb 18, 2010 8:19am Feb 18, 2010 8:19am
Quoting nanningbob
Doing double positions. Here is usd jpy with a trade above and a trade below the line. Interesting EA did exactly what it was suppose to do.
the 1st sell order in that pic was made when you started the EA? if so that pic seams correct or you just want to make a order on the lines, or right next to it?


Also didn't understand the lines being wrong. wrong how? what is wrong?

i'm a beginner trader so my program can be wrong in terms of a what makes a good trade.

I will put the orders just on the lines and not between them...
  • #3,032
  • Feb 18, 2010 8:34am Feb 18, 2010 8:34am
Quoting nanningbob
I think good EAs to study would be ones that trade off of pivot points or Fib lines. They would have the same issues and solutions. Similar systems.
I am a little confused here. Surely these new indicators draw lines that are based on the screen being viewed and ignore price. ie they simply split the screen up into equal segments So if I have a lesser no of bars on my screen than you do or if I magnify the display etc we will have different price entry points for trades etc Fibs and Pivots levels are based on calculations from price so will be the same no matter how the chart is displayed This would explain why you cannot back test it unless in visual mode ie Without a screen display how could the EA know what the levels were! I would have thought it better to base this new approach on price so everyone at least were singing from the same hymn sheet so to say

I see Swingman in your other thread has done an indicator along these lines Maybe we could use this as a basis Do you think this is in line with your new approach?

Best Regards
  • #3,033
  • Edited 8:14pm Feb 18, 2010 10:01am | Edited 8:14pm
I've made another version.

This has the following changes:

 

  1. It only make a order in the lines. (no trades between lines)
  2. Mode: UseBars - allows to use the higher and lower prices taken from n bars, or from the current windows.
  3. Mode: AutoSl - allows to put the Sl at n*(distance between lines). Note: for now the Sl from the 2 levels are at the same place.
  4. IFAutoSl is true and we hit the Sl the Ea will enter in recovery mode, in that mode it doesn't put any order. It exits the recovery mode when price pass the white line.


it has a 3rd mode: NeverLosse, but that is very faulty, i only let it in to see if you have any idea for this, so don't use it (it is disable as default).

Ea conf:

MM - money management
risk- % of money to use in MM
sl - StopLoss - Only use if NeverLose or AutoSl are both false.

NeverLose- enables this alfa option.
SafePips- Number of pips that will be added to the Sl
UpdatePips- Pips gap where the Sl isnīt touch

UseBars - already explained above
nBars - only if UseBars is true - Number of bars to use to calculate the max and the min price.

And now the Ea:

Attached File(s)
File Type: mq4 NA.mq4   10 KB | 282 downloads
File Type: ex4 NA.ex4   13 KB | 232 downloads
  • #3,034
  • Feb 18, 2010 7:02pm Feb 18, 2010 7:02pm
Quoting theorem
I am a little confused here....
You could but I use a 4H chart for almost all my trading. What you see on the screen is a 1 month period of price action therefore as price moves across the screen the movement of the gold lines are very slight over a period of a week. In reality they are just another form of moving average lines. If you change from a 4H chart to a 1H chart all indicators, all moving averages will change or move. You change the amount of time or information used for the calculations. These gold lines are a moving average of 1 month of price action but in instead of using candles it is the distance from the top to the bottom or the range calculated by MT4 for that pair. This figure is based on MT4 figures of how much price has moved for a particular currency pair. MT4 uses this figure to give you your screen size. So the distance from top to bottom is a price range calculation. The gold lines are a moving average of that range. I am a range trader, to me this is perfect for my range trading systems. I hope you understood this, they are really another form of a moving average line. All indicators are, it is just the math is different.

One more thing and we have had this discussion before, MT4 backtester is full of errors and is not accurate at all. The farther back in time you use it the more inaccurate it is. All it will tell you is, does your ea work. I would not trust any of the results it tells me of any backtest more than 2 weeks back.
  • #3,035
  • Feb 18, 2010 7:13pm Feb 18, 2010 7:13pm
So in conclusion since these lines are a moving average line there should be someway to develop an EA around them. Pivot points are a calculations off of the high and low of the previous day. Fib lines are a calculation of a previous high and low. This is a calculation of a range high and low based on MT4 calculations of the screen size. Does that make sense to you??
  • #3,036
  • Feb 18, 2010 8:12pm Feb 18, 2010 8:12pm
Quoting nanningbob
One more thing and we have had this discussion before, MT4 backtester is full of errors and is not accurate at all. The farther back in time you use it the more inaccurate it is. All it will tell you is, does your ea work. I would not trust any of the results it tells me of any backtest more than 2 weeks back.
for now i'm only using the backtest to see if the logic is right on the program.

I've you seen the changes to the EA?
  • #3,037
  • Feb 19, 2010 7:52am Feb 19, 2010 7:52am
Quoting nanningbob
So in conclusion since these lines are a moving average line there should be someway to develop an EA around them. Pivot points are a calculations off of the high and low of the previous day. Fib lines are a calculation of a previous high and low. This is a calculation of a range high and low based on MT4 calculations of the screen size. Does that make sense to you??
Bob, I'm sure you realize that you can adjust the properties in the fib rectract tool to any % you want, for instance 0, 20, 40, 60, 80 and 100 will give you the exact indicator your chasing now plus we would all be singing from the same hymn sheet. There are alot of grid trading programs out there which to me seems were your headed.

IamThat, still using your master ea with great results. 100 pips and take profit on a 1440 (daily) and 75 pips and take profit on a 240 (4 hr). Down to 9 pairs and averaging around a 1000 pips daily. The 4hr seems to have less dd and is out performing the daily. Still waiting for any updates.
  • #3,038
  • Feb 19, 2010 8:42am Feb 19, 2010 8:42am
Bob

If you look at the 2 charts below you will see that any manual alteration of the way the chart is displayed alters the levels That is because the lines are not based on the price action You may well have a good approach here but the problem as I see it when running an EA is that once the chart is set up it you have to be very careful not to change the scaling or else it affects the trading levels
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU1.jpg Size: 105 KB
Click to Enlarge Name: GU2.jpg Size: 98 KB
  • #3,039
  • Feb 19, 2010 8:57am Feb 19, 2010 8:57am
that's solve in this version. you can use the windows min and max or n bars to calculate the min and max price. that way you can change your windows as you like that it won't change nothing in the Ea.
  • #3,040
  • Feb 19, 2010 10:44am Feb 19, 2010 10:44am
Quoting qz10cq
IamThat, still using your master ea with great results. 100 pips and take profit on a 1440 (daily) and 75 pips and take profit on a 240 (4 hr). Down to 9 pairs and averaging around a 1000 pips daily. The 4hr seems to have less dd and is out performing the daily. Still waiting for any updates.
qz,

Glad that you are still at it. What is the Max. drawdown? Is this workable on a live account?
Surprised to see that you are afloat even in the present scenario. I am trying to add one more filter for entry (MA crossover). I have also tried to add many other filters like RSI etc. and it became very confusing.
I had almost decided to stop trading against the trend and now you are giving me a pleasant surprise.

Thanks.
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