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Indicators development for T101's not very simple method

  • #2,341
  • Edited 2:31pm Jun 10, 2010 1:44pm | Edited 2:31pm
EDIT - figured out the problem - pls ignore question.

Hi all,

can someone help me figure this out please?

Since the last 2 versions of the EA, for some reason condition 3 (BI Red / BI Blue) just stays at zero value and never sets Buy or Sell conditions to true, so no trades are taken. See pic attached

Is anyone having this same issue? Any ideas why this is happening?

Spark
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  • #2,342
  • Jun 10, 2010 1:55pm Jun 10, 2010 1:55pm
fourth trade finnished. and EA still working.

the only thing i am looking forward now. is when we see actually 1 signal will fall down and it wont start another trade again. because now for the fifth time it started another buy trade direct after fourth trade was finnished.
  • #2,343
  • Edited 3:19pm Jun 10, 2010 2:48pm | Edited 3:19pm
trade4fun,

I'm also using the latest EA version d, and am on my 4th set of trades. Profit-locking is just too tight it looks like. That's a lot of unnecessary spread paid. But I think we're ready for Kos to give feedback on this version d using BI v1.6.

Edit: On 5th set of trades. This things working like clockwork now, just like I envisioned it. So now Kos, where ya at man? We need to maybe refine the rules or profit-locking values, or just not use profit-locking and use MACD exit by itself? I'm up 4.5% today from 4 trades, but that's risking 10% per trade, so all the gains could easily be taken back by one loss.

Also, although I haven't translated/corrected what the things on screen say, this attached i-Profit indicator shows percentage gained/lost on account, shown on screen as comments, for Today, the last 4 days, the week, month, quarter, and year.

Regards,

Don
Attached File(s)
File Type: mq4 i-Profit.mq4   15 KB | 529 downloads
  • #2,344
  • Jun 10, 2010 4:22pm Jun 10, 2010 4:22pm
I have the same problem as Sparktrade, with BI Red and BI Blue showing 0.0000.
What is the issue for this trouble? I am on FxPro demo account.
Than you so much for your work and support.
  • #2,345
  • Edited 7:33pm Jun 10, 2010 7:23pm | Edited 7:33pm
Quoting forexmes
I have the same problem as Sparktrade, with BI Red and BI Blue showing 0.0000.
What is the issue for this trouble? I am on FxPro demo account.
Than you so much for your work and support.
yes i had too.
so i change

Quote
BI_Red = iCustom(myPair+Pair_Suffix,0,"BI_T101_OTR_V1_6",UseIBFXPairs,10,5,288,0.0,0.0,"Check_Candle : 0 for current , 1 for last closed candle",0,true," 0 for S_R , 1 for Fast/Slow cross",1,"Alert.wav","Alert2.wav",false,0,0);
BI_Blue = iCustom(myPair+Pair_Suffix,0,"BI_T101_OTR_V1_6",UseIBFXPairs,10,5,288,0.0,0.0,"Check_Candle : 0 for current , 1 for last closed candle",0,true," 0 for S_R , 1 for Fast/Slow cross",1,"Alert.wav","Alert2.wav",false,1,0);
with
Quote
BI_Red = iCustom(myPair+Pair_Suffix,0,"BI_T101_OTR_V1_5",UseIBFXPairs,10,5,288,0.0,0.0,"Check_Candle : 0 for current , 1 for last closed candle",0,true," 0 for S_R , 1 for Fast/Slow cross",1,"Alert.wav","Alert2.wav",false,0,0);
BI_Blue = iCustom(myPair+Pair_Suffix,0,"BI_T101_OTR_V1_5",UseIBFXPairs,10,5,288,0.0,0.0,"Check_Candle : 0 for current , 1 for last closed candle",0,true," 0 for S_R , 1 for Fast/Slow cross",1,"Alert.wav","Alert2.wav",false,1,0);
and it's work.
going buy right now.

thanks

note.
i use this trailing for profit lock.
maybe somebody will get idea from this ea (!T101_EA_Trailing).
Attached File(s)
File Type: mq4 !T101_EA_Trailing.mq4   16 KB | 709 downloads
  • #2,346
  • Jun 10, 2010 8:07pm Jun 10, 2010 8:07pm
mas toro,
The code change you made will not work.

BI_Red = iCustom(myPair+Pair_Suffix,0,"BI_T101_OTR_V1_5",UseIBFXPairs,10,5,288,0.0,0.0,"Che ck_Candle : 0 for current , 1 for last closed candle",0,true," 0 for S_R , 1 for Fast/Slow cross",1,"Alert.wav","Alert2.wav",f alse,0,0);
BI_Blue = iCustom(myPair+Pair_Suffix,0,"BI_T101_OTR_V1_5",UseIBFXPairs,10,5,288,0.0,0.0,"Che ck_Candle : 0 for current , 1 for last closed candle",0,true," 0 for S_R , 1 for Fast/Slow cross",1,"Alert.wav","Alert2.wav",f alse,1,0);

BI_T101_OTR_V1_5 does not have an input forUseIBFXPairs so the iCustom call might actually fail.

Check your experts tab in the terminal tosee if there are errors.

I am not sure why you have problems with yours. Try setting the input for UseIBFXPairs to false.

I also had several trade sets from Wednesday to Thursday before I left for the LA Money Show.

Robert
  • #2,347
  • Jun 10, 2010 8:13pm Jun 10, 2010 8:13pm
Quoting disbellj
Functionally, it shouldn't have changed even though Robert added those options.

Having said that, I would ask Robert to refrain from adding anything else at this point, and let's stay on task of fixing existing bugs.

I can still read my code, so I'm cool with how things have went. Having said that, I am seeing that were right are now not working (good reason to not add anything new yet). For instance, Buy condition 3 should be true if Buy Conditons 1 and 2 are true and BI Red is more than Bi Blue line. Yet Buy Condition 3 is false right now...
These input defaults, 40 stoploss and 10 RiskPercent, are in the next version. I also coded the Global saving in case of disconnect. That way there will not be bug reports of something not working for Profit Lock after a disconnect.

I will post the newest when other bugs, if any, are reported.
Robert
  • #2,348
  • Edited 8:28pm Jun 10, 2010 8:25pm | Edited 8:28pm
Quoting charvo
There is one bug, or incomplete reflection of reality (@ Don, too) in my mind, which caused continue opening baskets. To spot BI_t101's signal, Don used:

...
Method 1

if(BI_Red > BI_Blue) BuyCondition3 = True;

However, I think it is better to be:

Method 2

delta_BI_red = BI_red(0) - BI_red(1);
delta_BI_Blue = BI_Blue(0) - BI_Blue(1);
(delta_BI_Red>delta_BA_Blue && delta_BA_Blue>0)

in fact, this way is STILL NOT Kos way that is about BI's cross!!!

To catch BI's cross, it should be something like this:

Method 3

delta_BI_red = BI_red(0) - BI_red(1);
delta_BI_Blue = BI_Blue(0) - BI_Blue(1);
(BI_red(0)>BI_blue(0) && BI_red(1)<=BI_blue(1) && delta_BI_Red>delta_BA_Blue)

I believe that this way is not only more accurate, but more profitable and tradable, since i've already seen the results trading this way


Refering to the above methods.

I can add code to the next version for selecting which method if we can agree to have 3 people ( or multoples of 3) test 1 setting each to see which works better.

I suspect Method 3 on an hourly chart migh miss reopening trades after a basket exit, especially during a strong trend.

Robert
  • #2,349
  • Jun 10, 2010 8:40pm Jun 10, 2010 8:40pm
Quoting charvo
Don, yes, i agree that we are not changing the rules.

As to 4 conditions lined-up together, there could be another way to code it.

The current way of the EA is if four true are get for ANY number of bars, it will trade. If 1st condition is 10 hours ago, and the other 3 condition are met 10 hours later, the EA will still trade......Which is not correct of coz.
The current rules must all line up on the same bar.
If the first rule is met but later is not met then the rules are all checked again from rule 1.

Current rule check order

Rule 1 is for Trend Direction.
Rule 2 is Macd
Rule 3 is BI_Red or BI_Blue
Rule 4 is sum of red and blue.

Robert
  • #2,350
  • Jun 10, 2010 8:41pm Jun 10, 2010 8:41pm
I'll volunteer to test one of these, as the default method is losing money this week. We still haven't gotten an answer from koz about conditions for reentry, but those (along with trailing stop too tight) are what are killing this.
Can get like 5 successful baskets to hit 50 pips at best, then the final basket at the end of the move wipes out 560 pips. Just not working out so well.
  • #2,351
  • Edited 8:52pm Jun 10, 2010 8:41pm | Edited 8:52pm
Thanks for your help, it worked, just changed the version of BI_T101_OTR_V1_5.ex4 to BI_T101_OTR_V1_6.ex4 in the folder containing the indicators.
Indeed in the "experts" tab in my metatrader I had a message saying that BI_T101_OTR_V1_6.ex4 couldn't be added to the GBPJPY chart.
So I didn't have to change the code, just change the indicator.

Thanks for your help, it's now running.
  • #2,352
  • Jun 10, 2010 8:46pm Jun 10, 2010 8:46pm
Quoting disbellj
trade4fun,


I really don't know of a way off the top of my head to do this differently. I think messing with the profit-locking numbers to keep us in the trend longer, or maybe not even use profit-locking, but maybe another indicator to get us out, would help. Making sure price is going in direction of trend would also be a good condition to add.

Don
I was thinking about finding a better lock profit with exit signal when the trend changes. If SuperTrend does not repaint then the buy trade from earlier would still be in play until SuperTrend reverses. The same appears to be true for Trend Magic. With a less tight trail this could result in moves like today being obtained in a single basket.

This would result in a more stop and reverse type of trading.
Keep in the long backet until long trend reverses. You would then expect the next basket to be sells.

Robert
  • #2,353
  • Jun 10, 2010 9:04pm Jun 10, 2010 9:04pm
Quoting forexmes
Thanks for your help, it worked, just changed the version of BI_T101_OTR_V1_5.ex4 to BI_T101_OTR_V1_6.ex4 in the folder containing the indicators.
Indeed in the "experts" tab in my metatrader I had a message saying that BI_T101_OTR_V1_6.ex4 couldn't be added to the GBPJPY chart.
So I didn't have to change the code, just change the indicator.

Thanks for your help, it's now running.
V1.5 only used the IBFX pairs for the calculations of the lines. V1.6 allows for IBFX or other broker pairs. When I first followed the original thread FXDD did not have the same pairs as IBFX so I coded versions of the EA to use either set. The same is now true of the BI indicator.

Changing the name of the old version to the new version could cause problems because the inputs to the indicator will not be correct.

V1.5 is expecting

10,5,288,0.0,0.0,"Check_Candle : 0 for current , 1 for last closed candle",0,true," 0 for S_R , 1 for Fast/Slow cross",1,"Alert.wav","Alert2.wav",false,0,0);

and is getting

UseIBFXPairs,10,5,288,0.0,0.0,"Check_Candle : 0 for current , 1 for last closed candle",0,true," 0 for S_R , 1 for Fast/Slow cross",1,"Alert.wav","Alert2.wav",false,1,0);

so

Per = 0 or 1 depending on the value of UseIBFX_Pairs
Per1 = 10
History = 5
S_R = 288
S_R_BRK_dist_for_Alert_on = 0.000
etc.

instead of

Per = 10
Per1 = 5
History = 288
S_R = 0.000
S_R_BRK_dist_for_Alert_on = 0.000
etc.


It would be better to use the correct indicator and try setting UseIBFX to false to see if that helps before complicating matters by changing the name of an old version of an indicator to a new version.

Robert
  • #2,354
  • Jun 10, 2010 9:11pm Jun 10, 2010 9:11pm
I found some code in the EA to use spread.
The problem is that using MarketInfo will only return the default spread, not the current spread. Current spread would need to use Ask - Bid for each pair.

What is UseSpread suppose to do here?

Robert
  • #2,355
  • Jun 10, 2010 10:06pm Jun 10, 2010 10:06pm
Robert, that's very insightful, and i agree this is the way to go.

and Trend Magic or SuperTrend should be a better indicator than MACD to alert trend reverse and stopout the basket.

but in order NOT to interfere the default algorithm, we can set this decision with a EXT switch to allow users to decide if using it.

Profit-locking is a very rough and random process that T101 never gave a reasoning about it. More important, the EXIT of a good strategy is better of using some reasoning instead of a pre-determined number.

btw, i didn't experience Trend Magic repaint, but using bar(1) can overcome most so called "repainting". Using bar(1) of trend magic will get positions stopped out 9 out of 10 times less than 560 pips loss.

Quoting MrPip
I was thinking about finding a better lock profit with exit signal when the trend changes. If SuperTrend does not repaint then the buy trade from earlier would still be in play until SuperTrend reverses.
Robert
  • #2,356
  • Jun 11, 2010 2:33am Jun 11, 2010 2:33am
goodmorning all,

i am sorry i have not read your posts above yet, because i have to run out for work. so i just add my results for the 24 hour here.

after 24 hours this is the result so far. some very intresting stuff happened.

at the fifth trade, 1 signal changed. sumblue changed into 0.

after this happened the trade became a loser, and trade stopped when the stoploss was hit.

after this trade it did indeed stopped doing direct buys after the fifth trade was closed and EA waited 1 hour before opening a new 1.

however this new 1. it did again all buys. and is now already 4 hour long in the minus, -200 pips. also at this moment only 1 indicator is pointing at buy. that is trendmagic.

what i am starting to think is when i look at the results of the EA of the last 24 hours. is this EA more then an EA. because as i see it. this EA also is a wonderful indicator.

basicly what we have learned from yesterday is. when a trade gets closed because of profitbasket. we get a trend reversal. if we would have done sells instead of buys after first profitbasket was closed, we would have made money again on the sells. when the trade basket was closed again we would have done buys and made money on that trade again.

however we do still need a good exit strategy, since fifth trade went into the stoploss when the sum_blue signal was changed.

the EA is still continuing to work and will detail results here when i am back home.

bless you all and have a good day.
  • #2,357
  • Edited 5:49am Jun 11, 2010 5:33am | Edited 5:49am
I dont know if this will brighten things up a bit

4HR TF GJ

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #2,358
  • Edited 6:07am Jun 11, 2010 5:47am | Edited 6:07am
this is what I am thinking right now. waiting...

if it aligns fine I will take it else I will skip it

GJ 1HR TF

kos
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John 3:16 - From THIS love no power on earth can me sever.
  • #2,359
  • Jun 11, 2010 5:50am Jun 11, 2010 5:50am
As Don said lets finish one EA and proceed to the Explosion thread
for now the focus should be ONE EA, with all bugs squashed, and when the
code is neat, which I must admit is not even easy to debug your own code not to talk
of someoneelses code, I understand that we need result instantly but, lets chill some
bugs dont surface until certain event trigger them. When the EA is done then any cut and paste
programmer can pick it up and turn it to whatever he wants. lets have one EA that trades to rules

kos
John 3:16 - From THIS love no power on earth can me sever.
  • #2,360
  • Jun 11, 2010 5:52am Jun 11, 2010 5:52am
o
Quote
f course it will reentre just like kos said if all things still alighned, waiting on kos to chime in
saying what his testing of latest revision is trading for him

@DON
when I got knocked out by MACD I wait for retracement back to TrendMagic which can take hours and when price bounces
off TM I reentre many times at a better price and of course IF all conditions for entry remain intact.
When the knock out is by profit locker, I check to see if conditions are still OK and reentre again. Thats because
I know that profit locking gap by julius is too tight. I f you have 150 lock 70. It will take the average move of
5 pips each of the 14 pairs to close you out @ 70. though it has saved me many times.


ON THE EA

tested it on 15min which is not my trading TF, just to see the behaviour quick time

entry based on the 4 rules ok
exit on MACD ok (I saw it happened many times)

but @ the conclusion of the trade it keeps opening and closing trades severally, this is because p_locker too tight and
condition still remains true. (made 760 on demo and wasted it down to 450 due to bugs)
John 3:16 - From THIS love no power on earth can me sever.
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