DislikedYah, if you want to be a super-trader, you have to subscribe to their top-secret super classified no foreign intel reps allowed in the room secret compartmented forum threads!
if only...
The Blessings is in testing phase as well.......Ignored
- #162
- May 30, 2010 9:40pm May 30, 2010 9:40pm
In my opinion this EA needs a very slick programmer who can program it to only enter a first trade when there is RSI divergence. This really does a good job of eliminating the high level trades.
Did you check out this post?
http://www.forex-tsd.com/setup-quest...dicator-3.html
It seems they have divergence indicators, but I didn't see RSI? I just skimmed it though.
Here is the Divergence indicator on Ninja... I loaded it a while back, but didn't like it. Can't recall why...
http://www.ninjatrader.com/support/f...p=15&keyid=164
Try this I found also:
http://www.forex-tsd.com/metatrader-...hart-help.html (I am testing the divergence.mq4 at the moment)
This one has a couple http://www.forex-tsd.com/indicators-...ivergence.html rsi divergence indicators....
Ok... just off those posts and the leads to other posts I found at least 5-10 of these things.
Good hunting as I think you will find what you need?Seems forex-tsd has more of them than ff.
Keep us posted.
We are our own best indicator.
- #165
- Edited 1:33pm Jun 1, 2010 7:45am | Edited 1:33pm
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
Closeall by Price
This is also similar except it serves as Global TakeProfit. To use it set Closeall_Target_Price to greater than 0 (above AccountEquity()) and set Closeall_Target_Enable to true. This is still a bit buggy though, so I can't guarantee it will work. I'm not sure about Kill Switch either, because I haven't had a chance to test it. It's more straight forward in coding though, so there's a better chance it will.
Would it be possible to have a setting that closed all trades at a certain level, say level 7 or 8 and then restart trading at level 1 again immediately.
If you look in the properties box and scroll down towards the bottom, the option is called maximum_trade_exit. The suspend_after_exit option is right below that.I will look over my results tonight to see how often these levels have been hit. My thoughts are that whilst this will reduce the overall profitablility if they do not occur too frequently it will add considerable protection to the account.
I would appreciate your thoughts on this.
Oh, if anyone wants some idea on how the current options work, I've pretty much broken it down in this post here.
ETA: Added extra code to insure option won't work unless set to value greater than zero.
Basically I had to redo this whole option, but yes, it now appears to be working. I haven't done any extensive testing though, because both my demo accounts are currently tied up. I backtested it with one currency pair though and it worked fine. I also got it to close out two currency pairs while forward testing, but this was in the midst of making changes, so I can't be totally certain.
Yes, and I also added option where it will suspend trading if you like.
Thanks ecTrade. My mega backtest from an earlier post crashed after about 36 hours. I got from 2001 to 2009 with level 10 being hit 15 times. I don't want to tie up my machine with such a big test again but will load this new version and maybe test from 2007. Looks good
Paul
- #173
- Jun 1, 2010 1:17pm Jun 1, 2010 1:17pm
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
Try running it with all the settings just the way they are (default), except change it to the exit level you want, and see if that makes a difference. If it works, then obviously something else is going on and it gives us a place to start.
Oh, I just backtested it again it seems to work fine. Although as soon as it closed out the first four orders (this is what I had it set to), it immediately opened up two more, because it was still in range. Maybe this is what you're looking at, I don't know?
You may have also noticed it doesn't (or it shouldn't) close at the exit level you are asking, but at the threshold where the next trade is supposed to open. I figured there's no point in opening a trade and immediately closing it again. At least that way you don't have to pay for the spread.
Of course this may not be the optimal setting either. If you have some other ideas let me know.
Oh, I just backtested it again it seems to work fine. Although as soon as it closed out the first four orders (this is what I had it set to), it immediately opened up two more, because it was still in range. Maybe this is what you're looking at, I don't know?
You may have also noticed it doesn't (or it shouldn't) close at the exit level you are asking, but at the threshold where the next trade is supposed to open. I figured there's no point in opening a trade and immediately closing it again. At least that way you don't have to pay for the spread.
Of course this may not be the optimal setting either. If you have some other ideas let me know.
- #179
- Jun 2, 2010 2:58pm Jun 2, 2010 2:58pm
- | Joined Jul 2009 | Status: Trader | 1,163 Posts
It took 1 trade for a 50 cent profit, but I turned it off since I am working out of town this week and can't leave my laptop running in the hotel while I'm working.
Will run it live when I get home next week.
I just set mine up (my own version) on IBFX mini account too but, will probably shut it down tomorrow night or, suspend all trading.
