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Nanningbob 60x90 EA

  • #3,581
  • May 14, 2010 10:53pm May 14, 2010 10:53pm
Quoting Zurathustra
I present to you. the Donchian Channel!
so if I get this right, the channel is basically the range of high/low over a certain # of bars? And I guess the line squiggles because it doesn't repaint with fresh horizontal lines like our ea?

nice contribution as always and EPIC intro.
  • #3,582
  • May 14, 2010 11:08pm May 14, 2010 11:08pm
Hey all,

I'm going to be demoing a little twist on this strategy next week. If you open the inputs of the EA and go down to "other settings," you'll see there's an option to reverse the order type, i.e., buys instead of sells and vice versa. I'm planning on two EA's on each currency pairs, one regular and the other with "reverse" set to true.

The hope is, with some refinement, maybe I can make some cash on the way forward as well as on the way back. Just have to figure out take profit and such..
  • #3,583
  • May 15, 2010 2:59am May 15, 2010 2:59am
Zurathustra, I belive that this donchian channel indicator by Luis Damiani could do the shift, as You need.
Attached File(s)
File Type: mq4 DonchianDamiani.mq4   3 KB | 332 downloads
  • #3,584
  • Edited 5:13am May 15, 2010 4:55am | Edited 5:13am
Quoting Patreze
Zurathustra, I belive that this donchian channel indicator by Luis Damiani could do the shift, as You need.
Ahh, that certainly looks like it might do a better job then the one I posted. However I'm interested in what additional changes might have been made.

It appears to more accuratly portray the trend and when the pullback occurs for the counter trend trade. Using the one you posted you can clearly see the start of the trend at 1.3096 on the 4th and how it carries all the way down to 1.2653 where is closes inside the channel on the 6th/7th. (EUR/USD)

By using the Sixth Screen indicator to counter trend trade "in" the channel, and using the Donchian to trade the trend "out" of the channel we can really increase to number of potential good trades in my opinion.

EDIT: Yep, this is perfect, thanks Patreze. Now I just need to add a signal to it!
EDIT2: You wouldn't happen to have a Schaff Trend Cycle indi would you? The ones I have are.. lacking. Reason I ask is its one of those obscure indi's like the Donchian that most people have never heard of.
  • #3,585
  • Edited 7:26am May 15, 2010 6:57am | Edited 7:26am
Quoting Zurathustra
EDIT2: You wouldn't happen to have a Schaff Trend Cycle indi would you? The ones I have are.. lacking. Reason I ask is its one of those obscure indi's like the Donchian that most people have never heard of.

This one?
Attached File(s)
File Type: mq4 Schaff Trend Cycle.mq4   4 KB | 345 downloads
File Type: mq4 STC_COLOR.mq4   5 KB | 321 downloads
  • #3,586
  • May 15, 2010 7:31am May 15, 2010 7:31am
Quoting Patreze
This one?
Awesome! I have 3 different STC indi's and NONE of them appear to interpret the STC according to the release documents for the indi. For some stupid reason they all apply some kind "smoothing" effect. Taking a look at this one it appears it doesn't suffer from that problem.

Of course the reason I ask is that I think it can be used as an addtional filter for this strategy. If you look at the screenshot I posted earlier you can see compresed at the bottom the STC I was using.

Thanks again, just curious but where did you round these up? I tend to search FF, Forex-TSD, Babypips, etc.. for indi's on a regular basis and haven't seen either of these. I do recognize mLaden's name on this indi.
  • #3,587
  • May 15, 2010 7:36am May 15, 2010 7:36am
Glad I could help. Just googled them Second one is from TSD, first - I don't remeber.
  • #3,588
  • May 15, 2010 9:08am May 15, 2010 9:08am
Quoting Zurathustra
Awesome! I have 3 different STC indi's and NONE of them appear to interpret the STC according to the release documents for the indi. For some stupid reason they all apply some kind "smoothing" effect. Taking a look at this one it appears it doesn't suffer from that problem.

Of course the reason I ask is that I think it can be used as an addtional filter for this strategy. If you look at the screenshot I posted earlier you can see compresed at the bottom the STC I was using.

Thanks again, just curious but where did you round these up?...
Did you try this site?

http://www.greattradingsystems.com/f...-4-indicators/
We are our own best indicator.
  • #3,589
  • May 16, 2010 7:19pm May 16, 2010 7:19pm
Quoting jay320
Hey all,

I'm going to be demoing a little twist on this strategy next week. If you open the inputs of the EA and go down to "other settings," you'll see there's an option to reverse the order type, i.e., buys instead of sells and vice versa. I'm planning on two EA's on each currency pairs, one regular and the other with "reverse" set to true.

The hope is, with some refinement, maybe I can make some cash on the way forward as well as on the way back. Just have to figure out take profit and such..
Jay,

I think there are some other EA's that already have that kind of setup and then adding the sixth's or whatever else you need. I think SWB and PowerSM among others do something very similar... Interesting concepts to hit it 'both ways'..
We are our own best indicator.
  • #3,590
  • Edited 7:12am May 17, 2010 5:33am | Edited 7:12am
ok, I've recoded the sixths ea and I've also added the 242 recovery system, I've tested it for a few days but it will need more testing before we can be sure that it runs as intended. As with any piece of code it will contain bugs, I hope that you can help me to find them.

I've used the same code as Zurathustra for the indicator. That means you should not change the timeframe when the ea is running. I need to experiment a bit more to fix that, the problem lies with the iHighest function that always uses the current chart.

Intended differences with the original are:
- different comment for each level, this way you can use steve hopwood's trade management ea to manage each level in a different way.
- if you close, either manually or via trade manager, one level, it doesn't close all other levels. If the ea closes the highest level on take profit it will close all other levels as well.
- 242 recovery: when enabled it will close the lowest level trade when "RecoveryAfterPoints" is reached and it will open a new trade at that level. This is how I think 242 works but please tell me if it's not.
- Volatility filter: when the range of a currency reaches a certain level, the entry levels are widened. This feature is quite crude atm and needs finetuning.

I've recoded the original as a coding exercise for myself and also to have a program that I understand and that I can adapt when someone has a good idea on improving it. Please check out the code and see if you can understand it too. Any suggestions on improvements to the code or comments are welcome.

edit: I've updated the attachments. For some reason I couldn't get the select_by_ticket to work so I changed it, it should now close when it hits tp.
Attached File(s)
File Type: mq4 SixthsReCoded.mq4   18 KB | 261 downloads
  • #3,591
  • May 17, 2010 8:44am May 17, 2010 8:44am
Hey MorningMania,

Great job on the code of that EA! I was also working on adding the 242 system to the EA but I got bogged down and started using the Recovery EA posted on this thread. However, I think it is a great idea to combine the two. One comment about the recovery. I believe the method is: assuming a .01 Level 1, .02 Level 2, and .04 Level 3. To start recovery on level 4 - close the first level and reopen at .02. 5th level - close 2nd level and reopen at .04. Then it keeps alternating .02 / .04 for subsequent levels. This way you have only three trades open at one time.
  • #3,592
  • May 17, 2010 9:08am May 17, 2010 9:08am
aha, in that case I got the lotsize wrong. I'm a bit short on time today but I'll see if I can do it this week. It shouldn't take much time to change.
  • #3,593
  • May 17, 2010 10:41pm May 17, 2010 10:41pm
Quoting MorningMania
ok, I've recoded the sixths ea and I've also added the 242 recovery system, I've tested it for a few days but it will need more testing before we can be sure that it runs as intended. As with any piece of code it will contain bugs, I hope that you can help me to find them.

I've used the same code as Zurathustra for the indicator. That means you should not change the timeframe when the ea is running. I need to experiment a bit more to fix that, the problem lies with the iHighest function that always uses the current chart.

Intended differences...
Interesting. I guess maybe I am confused on what 'recovery' means (I could be wrong). My understanding is your focus is to have 1 entry (.01) and if that entry needs recovery/help, then at 200 pips roughly (dynamic in EA), then you open a multiplier of that, say .02 (or whatever % you apply) and when it makes it back to either 0 or to the TP area, it closes out the orders. (martingale in a sort)

I guess I don't understand how you have 'levels' in the EA, then you have recovery as well? When I run the EA it already does all this on its own (existing version) up to so many levels, but it doesn't take into account 'getting to BE'.

I believe at least my focus is to have ONE entry (.01 for instance) and that make me all my money and the goal is to never have any others for that currency. So, as soon as I get to BE, I want out if I have multiple lots/entries.

I believe Jay and Z's StopGap concept is very good in that it will keep you out of the quick plunging markets and give you some time. I think that would be something of value to add, but it is missing the functionality of closing one ticket and it not exiting everything.

The challenge w/ it right now is if I want to close the L2 order (which is a stop limit order waiting above the price as it drops let's say), then it will close out my L1 order as well which is a real pain in the tits.

So, if you could add that functionality or add that to Z's StopGap scenario and even have a trailing stop limit order then I believe that is how you will get the most bang for the buck....

I hope this makes sense and isn't only confusing.

Aloha!
We are our own best indicator.
  • #3,594
  • May 17, 2010 10:44pm May 17, 2010 10:44pm
Quoting jay320
Sorry my reference was kinda small.
Jay,

When you close out a stop limit order in the queue, how do you keep it from closing out your L1 order or previous orders?

Let's say that you have a fast moving market @ 135.1 L1 for long and then the market was down to 133.1 and the EA enters a SLM L2 order. Because the market is moving fast and it is already down to 132.9 by the time you notice and you decide you want to cancel the L2 order completely. How would one do that without closing out the L1 trade? The EA does me the misfortune of closing out my L1 trade everytime...

Thanks in advance!
We are our own best indicator.
  • #3,595
  • May 17, 2010 10:54pm May 17, 2010 10:54pm
Quoting bluemele
Let's say that you have a fast moving market @ 135.1 L1 for long and then the market was down to 133.1 and the EA enters a SLM L2 order. Because the market is moving fast and it is already down to 132.9 by the time you notice and you decide you want to cancel the L2 order completely. How would one do that without closing out the L1 trade? The EA does me the misfortune of closing out my L1 trade everytime...
I am struggling to incorporate this in the EA. Instead of closing out all orders, we need to modify previous orders when a new level is entered. The we have control over all levels and we can alter all levels to suit us.
Even now you can alter the stop order to a different level (say much lower or higher that the order). Another possibility is to change the lot size or TPs to reflect the new levels.
"Put all your efforts in becoming effortless"
  • #3,596
  • May 18, 2010 7:00am May 18, 2010 7:00am
Quoting IamTHAT
I am struggling to incorporate this in the EA. Instead of closing out all orders, we need to modify previous orders when a new level is entered. The we have control over all levels and we can alter all levels to suit us.
Even now you can alter the stop order to a different level (say much lower or higher that the order). Another possibility is to change the lot size or TPs to reflect the new levels.
I think an option to close out the trade once all are breakeven for that currency would be nice. I believe right now it will leave your L1 trade alone, then it will put in the usual distance for TP on L2 not considering BE for both trades etc..

It would be nice to have an option to set in the EA after how many levels you just want to go BE! Mine would be after 1 level.... For safety.

The trailing Stop Limit Gap order would be really nice! Or just being able to close those newer orders out but what if you aren't around that minute.
We are our own best indicator.
  • #3,597
  • May 18, 2010 7:39am May 18, 2010 7:39am
Hi,

With the StopGap edition of the EA that Zurathrusta did, what does the SecureProfitProtection=False do exactly?

I am guessing this works for single pair profit protection that I talked about in my previous post? once the Currency pair becomes profitable w/ multiple orders, then it closes them out?

And, then if you AllSymbolsProtect=True then it will handle all entries and close you out at a certain profit?

Is the amount in $, GBP, etc..? Thanks in advance...

--EDIT: I just checked, it is in both all EA's....
We are our own best indicator.
  • #3,598
  • Edited 11:05am May 18, 2010 10:52am | Edited 11:05am
Walk away from the thread for a day and just look at all this activity.

First, you guys hit on exactly the idea i had yesterday, that is, a jumping stop order for the first level. For those who don't know what I mean, let me try to explain..

The EA is trading the A lines. The price crosses the A line and hits the stop gap, and the EA places a stop order on the line, just like normal. Price, however, keeps going in the same direction. If the price travels the distance of the stop gap again, the first stop order gets deleted and a new one placed the stop gap below the current price. This keeps occurring until the price retraces enough to trigger the order. Levels after the first is triggered would happen just like they do now.

Honestly, I think this could revolutionize the way this EA trades. I just wish I wasn't such a damn lightweight in the coding department.

Bluemele: To answer your question about the levels, if the first level triggers its order, i consider myself in the trade for the long haul and won't delete any orders after that. I only delete orders if they are all pending (not open). And you have to remove the EA before you do so or it will just place them again.

-JJJJJJay
  • #3,599
  • May 18, 2010 11:23am May 18, 2010 11:23am
Quoting bluemele
Interesting. I guess maybe I am confused on what 'recovery' means (I could be wrong).
This is a martingale system, meaning you double down on every level. Recovery was something invented by nanningbob to stop the doubling down and instead take losses, so you don't blow up your account. If you want a more detailed explanation, check out the first post--it points you toward a really in depth explanation.
  • #3,600
  • May 18, 2010 11:35am May 18, 2010 11:35am
Quoting MorningMania
ok, I've recoded the sixths ea and I've also added the 242 recovery system...
Great job! This will really help me learn. -J
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