I'll be forward testing the EA in post #171 on EURUSD M30 from tonight.
I won't be letting the EA trade during the Asian Session.
I won't be letting the EA trade during the Asian Session.
Vegas Algorithm auto-trader by Steve and Squalou
- #183
- Edited 12:21am Dec 2, 2010 12:09am | Edited 12:21am
The EA has trading hours settings. You just have to tell it which hours to stay in. It uses your computer clock.
Yeah, I know.
I was just making a point for Pete about not being concerned whether the bot would need to handle low-volume times and whipsaw, and therefore, not going to spend any more time trying to deal with that issue.Mike
- #186
- Dec 2, 2010 3:46am Dec 2, 2010 3:46am
You are correct, Peter. This version uses Alf only. Earlier in the thread, Steve coded a couple of bots with both Alf and Alma. You'd have to look back to find them, but I don't think they tested very well. Can you modify code? If so, give it a try. Alma is basically a 5LWMA, only slightly smoother. It mirrored price so closely that it was dropped and price took its place.
Mike
I have since noticed an error in the 2nd line that I altered.
Will re-draw my little pencil lines crossing pics again & recheck the trend function logic.
Had intended to run tests on the M15 on just the Alf with price action, but since this ea had the trend checking using the Alma-Alf crossing, it was looking as though it showed a little earlier than my Alf & PA on a chart.
Ran it as it was to start with. Slowly did alterations to try to get it to my Alf & PA goal, without messing the ea up too much (had to revert back a few times
). Ok re-altered the logic. Now looks good to me in the trend area. But since its past sleep time for me, can someone have a good think thru that part. My 2 lines crossing pics are good at this time of night.
Ooops, re-attach Alma-Alf b.
cheers scalpz
Target 2 : Stoploss in the green
I altered the post 72 ea as Steve asked me too, & reposted it back at post 101 (page 7).
I have since noticed an error in the 2nd line that I altered.
Will re-draw my little pencil lines crossing pics again & recheck the trend function logic.
Had intended to run tests on the M15 on just the Alf with price action, but since this ea . . .
cheers scalpz
, but glad to see some renewed activity with it. My little laptop is maxed out atm, or I'd take your modified version for a test drive, so please let us know how it does.Mike
Scalpz, Mike, I think I have a solution to improving the ALF , ALMA and that is to add a MA as a filter.
Looking at the attached example on 1hr charts a MA alf cross with a MA filter. The MTF RSI may work as well but I like a 50ema.
The key to the strategy I think is to run a break even from 15 to 20 pips with a take profit of 30 to 40 pips on EURUSD.
Enter on signal of MA cross over, I also suggest a tight sl of say 20 pips.
I have attached an indicator that signals an ALF MA cross. Generally a MA cross with setting 2,1,0 gives best signals...
It's why I'm using the MTF RSI now. For me, it eventually won out over MAs. Hands down. Plus I find it much easier to tinker with RSI settings than with MAs. The RSI/MTF RSI period combinations give you a ton of flexibility. The second chart shows the setup I'm favoring right now. No ALF, just ALMA. MTF RSI (green) tells what direction to trade in, RSI (14) and ALMA crosses do the rest. I don't enter until the high/low of the crossing candle is exceeded. When you do get in a sustained trend, ALMA re-crosses and bounces are opportunities to add positions, as long as the 2 RSIs support it. Again, tight trade management is the key.
MTF RSI set to 240 minutes is effective for trading smaller TFs, at least down to 15M, imo. I am trying to stay awake during London session to trade this method, but my eyes just don't want to stay open.
But, as I saw again this morning, sleeping is costing me a fortune. I've attached a template and the MTF indi. Stick it on a chart or three, if you would, and please give me your opinion.
Thanks
Mike
