Old Dog Fib Trading - EA Development | Forex Factory

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Old Dog Fib Trading - EA Development

  • #1
  • First Post: Edited 10:35am Oct 5, 2010 10:24am | Edited 10:35am
This thread is intended to be for the development of an EA to trade the Old Dog Fib Trading and related methods as described here.

A pic of today's chart is below. The indicator is intended to work only with FXPro for reasons of a certain calculations works. I know we can get it to work with other brokers, with some cleverness.

At the NY Close, there is a calculation of a daily pivot, a sentiment value and two breakout buy and two breakout sell trades.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-10-05_1206.png Size: 44 KB


I've also attached a fib to the close as well. It's based on 1/2 of the 44 day ATR and provides another breakout type trade that needs evaluation.

The EA should trade as follows:

Trade each breakout zone
Have the option to choose only to trade with sentiment
Stop to be set in terms of percent equity or fixed amount
Have option to trade the first breakout with a target as the second break TP - maybe can trade a second lot for this...so it has two trades on the go at the same time - same stop but different exit strategies.

Move stop to BE at X pips with Y pips to lock in.

If we can get this one working, maybe we can add another trade based on the fib. That can follow.

One vouch rule to post....if you need to post and can't, send me a PM.

Thanks to any coders who might take this on. With all the breakout EAs on the go, this one does not seem particularly complicated.

Cheers
CanuckCT
Attached File(s)
File Type: mq4 sqAbonacciOldDogLevels-indi-1.2.mq4   26 KB | 1,095 downloads
  • #2
  • Oct 5, 2010 11:04am Oct 5, 2010 11:04am
Thank you kindly for accepting me to this thread, and for educating others. The indicator you developed is awesome as it alligns with and adds structure to my other favorite chart analysis tools (S/R, trends, chart/candle patterns,..etc.). I do want to still learn:

- Trade Entry and Exit rules. Are BO's the only/main way to trade this?

- Does Squalou's new Indicator need to be updated periodically, or does it automatically calculate and apply the Baseline and Phase gap? If so, is this possible if I don't know how to write/adjust Indicators?

- Can this Indicator as it is be applied to a GBPUSD or other chart pairs?

Thank You kindly for your Support!
t
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #3
  • Oct 5, 2010 11:17am Oct 5, 2010 11:17am
Quoting teemo

- Trade Entry and Exit rules. Are BO's the only/main way to trade this?

- Does Squalou's new Indicator need to be updated periodically, or does it automatically calculate and apply the Baseline and Phase gap? If so, is this possible if I don't know how to write/adjust Indicators?

- Can this Indicator as it is be applied to a GBPUSD or other chart pairs?
It seems to be automatically drawing the phase gap as price progresses and baseline calcs are for GU and EU at the moment...i think. Entries/ Exits are down to personal preference around the levels. GU has been profitable today too.
  • #4
  • Oct 5, 2010 11:27am Oct 5, 2010 11:27am
The baseline and phase, as indicated by Chowclown, should continue to work going forward. Is primarily intended for EU, but may very well work with other pairs.

Here is the link the the spreadsheet

http://www.forexfactory.com/showpost...&postcount=100

For now, the breakouts are what we are trying to automate...if you have some other ideas that are related, may as well contribute them.

Cheers
CanuckCT


Quoting teemo
Thank you kindly for accepting me to this thread, and for educating others. The indicator you developed is awesome as it alligns with and adds structure to my other favorite chart analysis tools (S/R, trends, chart/candle patterns,..etc.). I do want to still learn:

- Trade Entry and Exit rules. Are BO's the only/main way to trade this?

- Does Squalou's new Indicator need to be updated periodically, or does it automatically calculate and apply the Baseline and Phase gap? If so, is this possible if I don't know how to write/adjust Indicators?...
  • #5
  • Oct 5, 2010 11:28am Oct 5, 2010 11:28am
I'm no programmer, but I can accompany you and do test to prove the effectiveness of the EA. Lucky for us.
  • #6
  • Oct 5, 2010 11:31am Oct 5, 2010 11:31am
Quoting CanuckCT
The baseline and phase, as indicated by Chowclown, should continue to work going forward. Is primarily intended for EU, but may very well work with other pairs.

Here is the link the the spreadsheet

http://www.forexfactory.com/showpost...&postcount=100

For now, the breakouts are what we are trying to automate...if you have some other ideas that are related, may as well contribute them.

Cheers
CanuckCT

A6 and B6 of the worksheet, daonde left?
  • #7
  • Oct 5, 2010 11:34am Oct 5, 2010 11:34am
I would sugest some sort of signal confirmation based on an xy indicator, so EA would not trade BO levels "blindly". Just one way to filter false breakouts..
  • #8
  • Oct 5, 2010 11:41am Oct 5, 2010 11:41am
A6 and B6 are from the 2nd previous month. So if doing a calculation for October, those value are for August.

Quoting neltonbenke
A6 and B6 of the worksheet, daonde left?
  • #9
  • Oct 5, 2010 11:51am Oct 5, 2010 11:51am
Hello!

Just dropping in to say hello to everyone on the new thread!

This is all coming along splendidly. In not more than 100 posts on the main thread there was a real meeting of minds and a very capable system was devised.

There is clearly some real talent on the threads. I'll mention no names so no-one gets left out, but there has been some real focus on chart analysis, some excellent chart commentary, some highly innovative ideas, some superb indicators developed. And all under the excellent (and firm) management of CanuckCT who has held the whole thing together.

And now an EA on the way! I had rather thought that when I "retired", a full-time focus on my trading might keep me out of mischief (and the pub).

Now it looks like we have an automated beer-voucher machine in development that also gives us time away from the screen to spend said vouchers in the pub...

Oh dear!! I dread to think what my wife will say. LOL!!

And a very big thank you to all of you who have emailed or PM'd so enthusiastically. A number of folk, some of whom I think have been "looking" for a system for a long time, feel that they have found something they can really get their teeth into and make a success of.

Nothing could give me greater pleasure than to see the effort rewarded in this way. I mean that.

Very best regards and thanks to all,

Old Dog
  • #10
  • Oct 5, 2010 1:56pm Oct 5, 2010 1:56pm
Quoting Old_Dog
And now an EA on the way! I had rather thought that when I "retired", a full-time focus on my trading might keep me out of mischief (and the pub).

Now it looks like we have an automated beer-voucher machine in development that also gives us time away from the screen to spend said vouchers in the pub...

Oh dear!! I dread to think what my wife will say. LOL!!

Old Dog
You got it! I think nothing wrong to keep trading manually, when you can

and switch to EA mode while you sleep or drink beer

Viewer Discretion Advised: Shall we shag now or should we shag later? :-)
  • #11
  • Oct 6, 2010 11:26pm Oct 6, 2010 11:26pm
"Now it looks like we have an automated beer-voucher machine in development that also gives us time away from the screen to spend said vouchers in the pub..."

OD,

Love your avatar.

Looking forward to seeing you at the pub.

BD
  • #12
  • Nov 21, 2010 7:10pm Nov 21, 2010 7:10pm
Hi to all,

Is there any news about the EA?

regards
  • #13
  • Dec 15, 2010 10:38am Dec 15, 2010 10:38am
EA currently under development....using some of the tools that have been developed from Old Dog thread.
Film at 11.
Cheers
CanuckCT
  • #14
  • Dec 15, 2010 10:51am Dec 15, 2010 10:51am
Awesome Canuck! Looking forward to exploring these levels some more - certainly deserves plenty of attention.
Happy Holidays!

Quoting CanuckCT
EA currently under development....using some of the tools that have been developed from Old Dog thread.
Film at 11.
Cheers
CanuckCT
"As Kids we believe Anything is Possible; the Trick is to never forget it!"
  • #15
  • Dec 20, 2010 11:38am Dec 20, 2010 11:38am
Quoting CanuckCT
EA currently under development....using some of the tools that have been developed from Old Dog thread.
Film at 11.
Cheers
CanuckCT
Hi CanuckCT,
When you need help testing it on demo just PM me.
Best regards
tsidki.
  • #16
  • Jan 13, 2011 11:04am Jan 13, 2011 11:04am
Still some bugs to work out, but getting closer.

Here is a pic of this week's trading.

Attached Image


Two losers for -52 and -52 (automating a hedging strategy to deal with these)
One breakeven
Currently in a buy, +265 locked

Still working on settings and bug fixes and no where ready for a live account just yet.....but is encouraging so far.

Although the tools developed on the old dog thread were the inspiration for the strategy....it does not use those fib levels to trade and I'm not sure that it ever will. The base EA has a different strategy....and may have the possibility to autotrade the old dog pivot levels.

For those who may be using the old dog pivots, you might want to post some of your strategies....as they may be helpful in further development.

I've hired a programmer to do the development as the amount of work to this is not trivial and I can't expect that the generous folks here at FF to devote the amount of time and energy required, for free, to a strategy that may in fact not be a valid strategy to autotrade.

Cheers
CanuckCT


Quoting tsidki
Hi CanuckCT,
When you need help testing it on demo just PM me.
Best regards
tsidki.
  • #17
  • Jan 21, 2011 9:19am Jan 21, 2011 9:19am
Just received version of EA with hedging strategy working. Still many bugs to sort out....but here is backtest from Dec 1, 2010 to Jan 18, 2011....trading $1 lots on $10K. Need to do some work around money management and lot sizes and several bugs.....but still an encouraging process.

Cheers
CanuckCT

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-01-21_1104.png Size: 36 KB
  • #18
  • Jan 22, 2011 12:19pm Jan 22, 2011 12:19pm
Quoting CanuckCT
Just received version of EA with hedging strategy working. Still many bugs to sort out....but here is backtest from Dec 1, 2010 to Jan 18, 2011....trading $1 lots on $10K. Need to do some work around money management and lot sizes and several bugs.....but still an encouraging process.

Cheers
CanuckCT

Attachment

Post the EA so we can go on testing too. Thanks!
  • #19
  • Last Post: Jan 24, 2011 11:39am Jan 24, 2011 11:39am
Not ready to post just yet.
Cheers
CanuckCT
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