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SS Balance Line Dashboard Indicator

  • #21
  • Jun 22, 2011 5:41pm Jun 22, 2011 5:41pm
Quoting handy148
my problem is that it opens a window for it but puts it in window 2 regardless

Two others reported the same problem. The dashboard has to be in the first sub window. Delete all the indicators in the sub windows. Add BalLineDB, then add the others and you will be OK. I will fix the problem later.
  • #22
  • Jun 22, 2011 5:45pm Jun 22, 2011 5:45pm
Quoting forexhard
I'm running this on IBFX and I'm getting plenty of alerts. Too many, actually. Codemeister, would it be possible to make the alert True/False selectable so that we could turn it off and still have the graph up?
One thing you need to understand is that when it loads up it will send alerts for all the pairs that require it. Then it goes to sleep and won't send any more for a while. So the initial flurry is not what you will continue to see.

I will make the alerts selectable on the next update.
  • #23
  • Jun 23, 2011 2:01am Jun 23, 2011 2:01am
I fixed up BalanceLineDB to eliminate the problem with other indicators in subwindow 1. The dashboard can be placed in any subwindow in the same manner as any other indicator.

There is a new SendAlert option to turn off alerts. Don't turn off alerts and DBDisplay and MailAlert or you won't get a thing.

The new version is in post #1. Keep reporting bugs, there probably a few more lurking in the code.
  • #24
  • Jun 23, 2011 5:54am Jun 23, 2011 5:54am
Quoting CodeMeister
I fixed up BalanceLineDB to eliminate the problem with other indicators in subwindow 1. The dashboard can be placed in any subwindow in the same manner as any other indicator.

There is a new SendAlert option to turn off alerts. Don't turn off alerts and DBDisplay and MailAlert or you won't get a thing.

The new version is in post #1. Keep reporting bugs, there probably a few more lurking in the code.
Hi,

I have a request ... really like this dashboard ... but could you make a small addition please? Perhaps this would be better as another generic version of the indicator?

Would it be possible to have it such that you could choose the MA you wished to have as the Balance point? So for example you may wish to choose the 21 SMA (Simple Moving Average) etc. Also I notice that you have OtherCurrency1..4 in the Inputs box, therefore can we add other currencies with this feature? If so how?

Regards,
  • #25
  • Jun 23, 2011 10:18am Jun 23, 2011 10:18am
Quoting 4Xfactor
Hi,

I have a request ... really like this dashboard ... but could you make a small addition please? Perhaps this would be better as another generic version of the indicator?

Would it be possible to have it such that you could choose the MA you wished to have as the Balance point? So for example you may wish to choose the 21 SMA (Simple Moving Average) etc. Also I notice that you have OtherCurrency1..4 in the Inputs box, therefore can we add other currencies with this feature? If so how?

Regards,

A generic version is in the works, probably next week. It will be called Pips2MA_DB or something like that. I will post it in a new thread in Platform Tech.

For the other currencies, just enter the pair name like "CHFJPY". Of course the pair has to be available from your broker.
  • #26
  • Jun 23, 2011 1:06pm Jun 23, 2011 1:06pm
Hello
thank you for this wonderful indi it saves me a lot of time for screening the chart.

can you tell me how to add new currency pairs? I have tried double click on "OtherCurrency1" in "Input", but nothing happens.

I want also to learn coding like you. Can you give me an advice, where can i learn it?
  • #27
  • Jun 23, 2011 3:15pm Jun 23, 2011 3:15pm
Quoting Thu
Hello
thank you for this wonderful indi it saves me a lot of time for screening the chart.

can you tell me how to add new currency pairs? I have tried double click on "OtherCurrency1" in "Input", but nothing happens.

I want also to learn coding like you. Can you give me an advice, where can i learn it?
Dear CodeMeister,

This was my problem also ... how to add new currency. I tried to do it in a similar manner, but no joy.

Look forward to the generic indicator.

As an aside ....

And I had one more idea. Perhaps such things already exist: It seems to me that price for each currency only drifts so far from the balance line before it returns (on 1 hour at least). This is related to the daily range perhaps?

I was wondering if it was worth the while to add some kind of functionality/alert which indicated that price was beyond such a range (extended) and due to return. For example, today I used your dashboard when I saw that EURCHF was over 200-ish away from the balance line to go long at 1.41500, a quick check over recent history told me that it rarely gets that far away, so it seemed that a correction back to the balance line was inevitable.

This thinking could be extended into a statistical analysis of movement away from and back to the Balance Line; but a crude alert based on the average range over so many days/weeks or months might be a good start. Just some thoughts ....


Kind regards,
  • #28
  • Jun 23, 2011 3:27pm Jun 23, 2011 3:27pm
4XFactor,

I don't understand the problem with inputting other currency. Just double click and type in the value like any other indicator or EA. Here is a screen shot.

As I stated in the first post, this is a simple strategy and my goal is keep this dashboard as simple. Already on the SS thread I see signs of over analysis and complication and I have to wonder if the results are any better. The danger is that for a few more pips, the chances for mistakes and hesitation has increased.

For your request, you can set the alert pips to 200 or 100 on another chart and it should do what you want when it starts to move back to the balance line.
Attached Image
  • #29
  • Jun 23, 2011 3:44pm Jun 23, 2011 3:44pm
Quoting CodeMeister
4XFactor,

I don't understand the problem with inputting other currency. Just double click and type in the value like any other indicator or EA. Here is a screen shot.

As I stated in the first post, this is a simple strategy and my goal is keep this dashboard as simple. Already on the SS thread I see signs of over analysis and complication and I have to wonder if the results are any better. The danger is that for a few more pips, the chances for mistakes and hesitation has increased.

For your request, you can set the alert pips to 200 or...
Whoops ... CodeMeister the problem is me . Yes clicking in that manner (on the Value rather that the Variable ) works, and the alert ability is fine. It has been some time since I used indicators in this manner so please forgive me.

Best wishes and thanks for your patient reply.
  • #30
  • Jun 23, 2011 3:49pm Jun 23, 2011 3:49pm
Quoting Thu
Hello
thank you for this wonderful indi it saves me a lot of time for screening the chart.

can you tell me how to add new currency pairs? I have tried double click on "OtherCurrency1" in "Input", but nothing happens.

I want also to learn coding like you. Can you give me an advice, where can i learn it?
Thu,

I think you have made the same mistake as me ... double click on the "Value" as CodeMeister demonstrates in post #28 above and you should be OK.

Regards,
  • #31
  • Jun 24, 2011 7:55am Jun 24, 2011 7:55am
Noticed that after I loaded the indicator that I also experienced the same issue as previously stated in regards to the list of pairs showing up without numbers below them and I figured out why this is occurring...

If you use a broker that uses a suffix letter behind the currency pair, you will not see the numbers appear under the pairs. Ex. - ThinkForex uses suffix "t", so the EURUSD pair actually is "EURUSDt".

In order to see the numbers underneath the pairs, you will have to use the four slots for "other currency", but you will only be able to monitor four pairs at a time as the others will be useless.

I would encourage the author of the indicator to add in a suffix identifier option for the brokers that utilize this function.

In addition, When I selected to use the four other currency options, the indicator labeled all of them as GBPUSD.
  • #32
  • Jun 24, 2011 7:58am Jun 24, 2011 7:58am
yes it is ok now. thank you very much.
  • #33
  • Jun 24, 2011 8:11am Jun 24, 2011 8:11am
Quoting prof8t
Noticed that after I loaded the indicator that I also experienced the same issue as previously stated in regards to the list of pairs showing up without numbers below them and I figured out why this is occurring...

If you use a broker that uses a suffix letter behind the currency pair, you will not see the numbers appear under the pairs. Ex. - ThinkForex uses suffix "t", so the EURUSD pair actually is "EURUSDt".

In order to see the numbers underneath the pairs, you will have to use the four slots for "other currency", but you will only...

The suffix can be added to the inputs and I will do that later today. Not sure about the GBPUSD labeling. It works fine for me. Need more time.
  • #34
  • Edited 9:15am Jun 24, 2011 8:58am | Edited 9:15am
Thanks CodeMeister for working on coding for the Simple Simon method. I am new to ForexFactory and this is my first post on the site. I have just finished reading all 85 pages from the SimpleSimon method, but haven't posted there yet.

I just tried the mail alert with the Dashboard and it is simply awesome! I had to set up a proxy server in order to have the emails sent to my phone due to problems getting alerts sent directly to my phone. It's working now though.

Awesome job... Keep up the good work. It's nice that some people choose to help others with no expectation of reward. Personally, I have been doing service work in my community for the last seven years (nothing to do with trading) - it is very rewarding in and of itself.

Jerry
  • #35
  • Jun 26, 2011 7:46pm Jun 26, 2011 7:46pm
I just uploaded a new version to add the CurrencySuffix option. This needs to be used if the broker appends a letter to the currency pair symbol. Plus I fixed the bug reported by Prof8t regarding the labeling of other currencies. Nice catch Prof8t.
  • #36
  • Jun 26, 2011 8:51pm Jun 26, 2011 8:51pm
Thank you so much, CodeMeister. The new version works very well with the suffix field. I have made three charts, each to display one of three timeframes I wish to watch. This is a great piece of work.
  • #37
  • Jun 27, 2011 1:59am Jun 27, 2011 1:59am
Quoting CodeMeister
I just uploaded a new version to add the CurrencySuffix option. This needs to be used if the broker appends a letter to the currency pair symbol. Plus I fixed the bug reported by Prof8t regarding the labeling of other currencies. Nice catch Prof8t.
Hello CodeMeister,

Thanks a lot for this indi, you did an awsome job. it's working perfect.
  • #38
  • Jun 29, 2011 11:00pm Jun 29, 2011 11:00pm
Hello CodeMeister.
I am a contributor to Colostarr's "Blue Line Balance" tread.
One of the other members (paqtrade) put me on this thread of yours.

http://www.forexfactory.com/showthre...97418&page=114

(post #1704 and next 2)
Just downloaded and attached this indi to one of the pairs. Looks grate. So far NO technical issues. (if any in the future - I will report).
Thank you for this grate indicator.
Have a grate summer. Pavel.
  • #39
  • Jul 1, 2011 5:35pm Jul 1, 2011 5:35pm
Hello CodeMeister,


I am new to the Simple Simon Balance Line Trading thread and two days ago I started trading it on a demo account with great success. I really love the simplicity of the system; I don’t like being at my screen all the time though.

You being a coder might want to help me and us with this idea I have.
I like the entry, but the adding of the stop loss level, engaging trailing stop loss just waists time. Especially when there are more than one trade setups at the same time.

So here is what I am proposing;

I would like if possible to create 2 manual management ea’s. A buy and sell ea this is how it would work;

 

  1. One would have to place the ea manually when a set-up has been recognized.
  2. The ea will place a buy order and a stop loss on the previous bar (buy ea) visa versa for a sell ea and it will only trigger the once, until it starts the trade.
  3. If the trade has not been triggered an x (your choice) amount of bars after the set-up it should cancel the placement.
  4. The ea should have a trailing stop loss fitted, adjustable to what pips you want. Activated an x amount of pips in profit.
  5. It should have a stop loss which is moved to the previous x amount of bar/s you wish, when the bar is closed. With the pip distance you want below the bar.
  6. The bar step stop loss should start at an x amount of pips in profit.
  7. There should be a BE system once an x amount of pips is reached and the BE should have an adjustment of pips in profit if one wants it (so we go home with something lol)
  8. Now if a long bar has been created an auto trailing stop loss should start once the bar reaches an x amount of pips this then over rides the bar step stop loss.
  9. A take profit should be added for those that want to use it.
  10. A partial close could be incorporated for those who want to close part of a lot size.


What this ea will do is manage the trade for us while we are at work or doing something else.



As Colostarr has mentioned, once the BE has been placed sit on your hands and let the trade run and take care of itself.

The other thing is it will allow you to place set-ups more quickly allowing you to catch more trades if they appear.

What do you think of my idea?

Regards

Jan

  • #40
  • Jul 1, 2011 6:01pm Jul 1, 2011 6:01pm
Jan,

First of all, I don't write for an individual's wishes - at least not for free. The code I have written and posted is general purpose and meant for many people. I also don't write trade signal / trigger code for the general public even if many would benefit. I did that once and a month later, some EE type had written an improved version - without my permission or the source code.

I think part or most of what you have suggested has been written. There are some on the SS thread already using trade management tools - I think MPTM was mentioned. I believe that there are scripts to place pending orders based on the high/low of a bar - look in the sticky threads in this forum.
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