Hanover: an auto-trader using Recent Strength

Quoting hanover

Disliked

FWIW, and just in case anybody finds it helpful, some comments about the Recent Strength indy's SmoothingSMA parameter here.

Ignored

Quoting tex

Disliked

Steve i think there is a bug in the slope detection module.

Ignored

bool HanoverFilter(int type)
{
   //Returns true if the filter indicates sufficient strength/weakness in the pair.
   //Works by running through the tests and returning false if any of them fail. If all pass, the eventually
   //returns true.
   //Tests all fail if the two currencies have equal strength values

   //Read the strength values
   for (int cc = 0; cc < ArraySize(Tf); cc++)
   {
      //First filter. Compare the strength over the chosen time frames
      double strength1 = ReadStrength(Ccy1, Tf[cc], 0);
      double strength2 = ReadStrength(Ccy2, Tf[cc], 0);
      if (SlopeConfirmationCandles > 0) 
      {
         double prevstrength1 = ReadStrength(Ccy1, Tf[cc], SlopeConfirmationCandles);
         double prevstrength2 = ReadStrength(Ccy2, Tf[cc], SlopeConfirmationCandles);   
      }//if (SlopeCandles[cc] > 0)    

     
      //EA is looking to buy. 
      if (type == OP_BUY)
      {
         //First currency must be the strongest
         if (strength1 <= strength2) return(false);

         //Slope must be rising in the first curr and falling in the second
         if (SlopeConfirmationCandles > 0)
         {
            if (prevstrength1 >= strength1) return(false);
            if (prevstrength2 <= strength2) return(false);
         }//if (SlopeConfirmationCandles > 0 
         
         //Threshold. First currency must be above StrongThreshold. Second currency must be below WeakThreshopld
         if (StrongThreshold > 0 && WeakThreshold > 0)
         {
            if (strength1 < StrongThreshold || strength2 > WeakThreshold) return(false);
         }//if (StrongThreshold > 0 && WeakThreshold > 0)
      }//if (type == OP_BUY)
      
      //EA is looking to sell, so first currency must be the weakest
      if (type == OP_SELL && strength1 >= strength2) return(false);
      
      //EA is looking to sell. 
      if (type == OP_SELL)
      {
         //First currency must be the weakest
         if (strength1 >= strength2) return(false);

         //Slope must be falling in the first curr and rising in the second curr
         if (SlopeConfirmationCandles > 0)
         {
            if (prevstrength1 <= strength1) return(false);
            if (prevstrength2 >= strength2) return(false);
         }//if (SlopeConfirmationCandles > 0 
         
         //Threshold. First currency must be below WeakThreshold. Second currency must be above StrongThreshopld
         if (StrongThreshold > 0 && WeakThreshold > 0)
         {
            if (strength1 > WeakThreshold || strength2 < StrongThreshold) return(false);
         }//if (StrongThreshold > 0 && WeakThreshold > 0)
      }//if (type == OP_SELL)
         
   }//for (int cc = 0; cc < ArraySize(Tf); cc++)

   

   //Got this far, so all tests have passed.
   return(true);

}//End bool HanoverFilter()

Quoting censura

Disliked

Steve, in using the module you have kindly set up

it says ref call once buy sell signal is produced by what ever system i have which is fine but does this code work with new copy values sent from other brokker platform

Ignored

Quoting SteveHopwood

Disliked

A note about 'Invalid file handle' errors
Some of you are seeing these in your Experts tab. I see them on my IBFX demo, but not on my Alpari UK demo.

Ignore them for now. The error does no harm and is caused by the Recent Strength indi output file reading in the EA's. This is David's code that I have hacked for our purposes. I do not understand it but will sort it out at some stage.

Above all else, please stop telling me about them.

Ignored

  int h = FileOpen(FileName,FILE_CSV|FILE_READ,'~');
  if (h<0) {
    // display a suitable error message, i.e. file can not be opened due to error err_msg(GetLastError());
    return(0);
  }

Quoting hanover

Disliked

Steve,

If (and I stress IF) this error is being generated by the code in the LoadRSvalues() module, it probably means that the file Output---Recent Strength.csv doesn't exist.

That is probably due to the RS indy's OutputFile setting being blank, or being set to a name that the Hanover EA doesn't recognize. The OutputFile in Hanover EA and the OutputFile in RS indy must be set to the same name.

Another possibility might be that MQL4 locks a file while it is opened in WRITE mode (e.g. the RS indy), meaning that...

Ignored

Quoting SteveHopwood

Disliked

I have invented a new verb - to be 'Hanovered'. Please read the very end of post 1.

Ignored

Quoting astral77

Disliked

When I suggested the Recent Strength indicator to you I though it would be wonderful to have the information of this indicator in some of the EAs. I had compared it to other indicators of this kind and heat maps also and was convinced of its accuracy. In particular I found it useful in judging when and how to use recovery in my NB trades. Thank you very much for making my wish into reality.

Kind regards.
P.S. I have been visiting your TMS thread on regular basis and as you know seller9 has been developing an EA in your thread. His EA seems it...

Ignored