Trading Made Simple EA by Guess Whom
just a quick one:
in order to work with candle tp do you remove fixed SL?
or the candlestick will override automatically the sl?
just a quick one:
in order to work with candle tp do you remove fixed SL?
or the candlestick will override automatically the sl?
http://img684.imageshack.us/img684/5...1027220949.jpg
no i don't remove the fixed sl. because the trailing stop kicks in only if the CandleStickBEpipOffset is reached. if the trade goes into the wrong direction from the very beginning, and sl is set to 0, then you don't have any sl.
but i have the other closing settings ready to close them, color change, 5emacross, 5emacandleclose etc...
never to protected
then it's all good. i don't have any close settings, only tp and sl / trailing sl.
hey,
i know the mptm, it has some very good features. and i'am a fan of the tightening trailing stop.
but: you use this with seller's scalping set? this set goes only for a few pips i remember.. so how to use a trailing stop with these settings?
So what you are saying is when the system gives a buy signal go short and when it gives a sell signal go long.
Hi seller9 and everyone
I've been doing a LOT of visual backtesting today
I've been toying around with the different settings of the EA and I found that under certain conditions, the reverse entry from what the EA is achieving right now would be profitable... pretty much buying the dip and selling the tip..
For this I've basically tweaked a little bit the scalping settings to the M5 and M15 TF, using only the TDICROSS+SLOPE and STOCHCHROSS+SLOPE for entries.
What I would like to test now in a semi-automatic way is precisely this, turn on my "regular" setfile when I spot a trend and turn on the "reversing" setfile when I notice clear ranging periods (mainly on M15)
In order to do this, I attempted assigning the slope inputs a negative value, but it seems to treat it as a positive one, so no joy. What this would require would be something like a "REVERSE ENTRY CONDITIONS=TRUE" input in order to do this. I don't know a thing about coding, but I may guess that achieving this could be somewhat easy with an "IF(REVERSEENTRYCONDITIONS=TRUE) --> INVERT(TradeSignalGeneratedByTheRegularInputs)
Obviously I just made that up, so please don't make fun of me
Anyway, I'd kindly like to ask you if you could include this sort of input into the EA. I can set up 3 or 4 demos to test this and share with you guys in myfxbook link.
If anyone agrees/disagrees with this suggestion, please be kind and remember that all I'm doing here is trying to help get a kickass EA for all of us
Diego
That's why I'm asking for the reverse function
What I think we should be working towards is to get an EA that first of all, is able to DETECT what type of market are we in (ranging/trading) and then trades accordingly. It's feasible, with the bot as it is, to make setfiles that work well under ranging and under trending markets; the key is to get to the point where the EA identifies that and trades accordingly.
you want to use something that can find or DETECT Ranging to Trending markets, use the TMA Trend and add a CCI with levels 100 as trigger and all thats below 100 will not be traded, it's also a good tool in staying out of ranging markets or False moves, but depending on your strat and TF you need to find the best CCI period could be 15 / 22 / 34 or 50
Thats my input
you want to use something that can find or DETECT Ranging to Trending markets, use the TMA Trend and add a CCI with levels 100 as trigger and all thats below 100 will not be traded, it's also a good tool in staying out of ranging markets or False moves, but depending on your strat and TF you need to find the best CCI period could be 15 / 22 / 34 or 50
Thats my input
Also i forgot in THE PDF the TMA Trend and The 2/8 Trend Daily can keep you out of some laggy conditions.
