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Indicators development for T101's not very simple method

  • #4,721
  • Nov 2, 2011 5:22pm Nov 2, 2011 5:22pm
ANYONE having trouble might want to consider AT THE LEAST downloading latest EA from post:
http://www.forexfactory.com/showthre...86#post5089286

-OR-

BETTER YET, download the full Windows or Mac installations.

I have not seen many trades in small amount of time with the latest EA.

Kind regards,

Don
  • #4,722
  • Nov 2, 2011 7:52pm Nov 2, 2011 7:52pm
OK. Here's an update.

RETRACE = If STF trend disagrees with TTF trend.

I kept scalping, but it is false as before. If scalping, a retrace starts, then trade is closed. No BE happens.

I added BE+1 if retrace and in profit, when not scalping.

When retrace and NOT in profit, when not scalping, user has a new variable named CloseIfRetraceBeforeBE. If set to True (default), it will close the trade if the retrace starts and you are not in profit. If set to False, EA will wait before a retrace starts and account is in profit before setting to BE+1.

I defaulted to use VQzz2, since I have seen work of zznbrm's where he fixed indicators that did repaint the past to not to.

zz,

What's eblnTrueMode?

I don't want to just use it as a visual, but also use it in EA. I left eblnTrueMode false (your default), and it looks like VQzz.

But are you saying that to accurately represent actual trades that happened, because if leaving false it redraws the past, that you would set it to true? If so, why is it false by default.

Just questions I'm thinking about.

Windows users:
Place EA in Crogram Files(MT4 name)experts
Place template in Crogram Files(MT4 name)templates

Mac users (~ below means home folder, located at /Users/. Alternatively, you can place directly in /Applications. I place in my home folder as follows):
Go to ~/Applications/WineSkin/, and right-click on your FXDD.app I gave for download before. Double-click drive_c alias.
Place EA in Program Files(MT4 name)experts
Place template in Program Files(MT4 name)templates

Kind regards,

Don
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2011-11-02 at 7.43.17 PM.png Size: 115 KB
Attached File(s)
File Type: mq4 TheLordsEA_110211_VQzz_OR_HASmtf_CodedbyDon.mq4   32 KB | 1,167 downloads
File Type: tpl 110211_vqzz2mtf.tpl   39 KB | 957 downloads
File Type: tpl 110211_hasmtf.tpl   39 KB | 935 downloads
  • #4,723
  • Edited 1:26am Nov 3, 2011 1:18am | Edited 1:26am
I am very interested in the Basket Trading Method and the use of this indicator: t101_indy_pricehistory_v3-dnk_donfix14_hopfi2k_zero_div_fix tick_fix.mq4

However, in trying to create a good system utilizing the "Highs & Lows" of the candles has proved difficult as I have noticed a problem with the indicator. Place it on a 5 Minute chart and create the 5Minute Offline Chart...Now watch every tick for 5 minutes and you will see what I am talking about. As the price goes up the you will see the "Wick" extend further up than the price actually goes, thus giving a misconception of what the "High" actually was; as the price never really went that high. The same is true of the "Wick" which shows the "Low" as it will extend downward faster than the price actually goes down, and thus will show a Lower price than was ever actually achieved. [Please watch it and see for yourself] You will also see if you place your cursor on the Candle it will show the "Open, Close, Low, High" the Open & Close are correct just as they are on the Candle, But the "LOW & High" show the incorrect values that were created with the over zealous wicks.

In order for any of us to advance with Basket Trading using this Indicator, these anomalies MUST be corrected. I would really appreciate it if one of the professional coders reading this Thread would take the time to look into the code and see if it can be corrected.

Additional Thoughts:
If we do not correct it, It will also throw off the accuracy of any Indicator that you place on that chart, because the chart is incorrect.
Attached File(s)
File Type: mq4 t101_indy_pricehistory_v3-dnk_donfix14_hopfi2k_zero_div_fix tick_fix.mq4   15 KB | 875 downloads
  • #4,724
  • Nov 3, 2011 1:31am Nov 3, 2011 1:31am
Quoting stevesouders
I am very interested in the Basket Trading Method and the use of this indicator: t101_indy_pricehistory_v3-dnk_donfix14_hopfi2k_zero_div_fix tick_fix.mq4

However, in trying to create a good system utilizing the "Highs & Lows" of the candles has proved difficult as I have noticed a problem with the indicator. Place it on a 5 Minute chart and create the 5Minute Offline Chart...Now watch every tick for 5 minutes and you will see what I am talking about. As the price goes up the you will see the "Wick" extend further up than the...

We do have another indicator available - I have not carefully considered your points with it but check it out and see if it is better. Also the nice feature of it is that it can be used for multiple T101 basket configurations - just change the number of pairs in the inputs.
Attached File(s)
File Type: mq4 Basketv6.mq4   9 KB | 1,240 downloads
  • #4,725
  • Edited 2:03am Nov 3, 2011 1:51am | Edited 2:03am
Quoting Telac
We do have another indicator available - I have not carefully considered your points with it but check it out and see if it is better. Also the nice feature of it is that it can be used for multiple T101 basket configurations - just change the number of pairs in the inputs.
I tried that indicator also which creates a 1 Minute Offline chart...

Unfortunately, even on the 1 minute chart, it does the EXACT Same thing.

The OPEN & CLOSE are correct, but the HIGH & LOW are way off.

I think...that the indicators are adding up all the highs of each currency to determine the high on the chart, instead it needs to just record the high actually recorded on THAT CHART. So how do we fix it?
  • #4,726
  • Edited 7:58am Nov 3, 2011 7:24am | Edited 7:58am
Quoting stevesouders
I tried that indicator also which creates a 1 Minute Offline chart...

Unfortunately, even on the 1 minute chart, it does the EXACT Same thing.

The OPEN & CLOSE are correct, but the HIGH & LOW are way off.

I think...that the indicators are adding up all the highs of each currency to determine the high on the chart, instead it needs to just record the high actually recorded on THAT CHART. So how do we fix it?
Yes, this has been discussed many times. The Highs/Lows are always "exaggerated". I've pointed this out a few times, but it does not seem to bother the people who use it. Go figure!

Edit: Alternative methods have been discussed. Using tick data to construct the charts will provide actual highs/lows. See below for an example of the 1 Hour 8-pair basket chart using tick data.
Attached Image (click to enlarge)
Click to Enlarge Name: t101-8.jpg Size: 70 KB
  • #4,727
  • Nov 3, 2011 7:50am Nov 3, 2011 7:50am
Quoting disbellj
What's eblnTrueMode?
Toggles true mode on/off.

When set to false...VQzz2 will behave exactly the same way as VQzz.

When set to true, VQzz2 will not repaint previous chart bars to "match" the data from the upper time frame.

Quote
I don't want to just use it as a visual, but also use it in EA.

As I mentioned...using VQ, VQ7, VQzz, or VQzz2 in your EA should not make a difference in the calculated values. Each indicator returns the same data, just done in different ways with different levels of efficiency.

Quote
I left eblnTrueMode false (your default), and it looks like VQzz.

Good...when eblnTrueMode is set to false, it should visually match VQzz.

Quote
But are you saying that to accurately represent actual trades that happened, because if leaving false it redraws the past, that you would set it to true?

Yes, as long as the calculations in the VQzz2 indicator are correct...that is what I am saying.

Quote
If so, why is it false by default.

So, by default, it will match VQzz.

My original interpretation of Kosomolate's use of VQ was that he waited for the Higher Timeframe bar to close before making trading decisions. Thus, the true values did not matter.

However, you are not using it in this way. You are either waiting for the lower timeframe bar to close (EachTickMode in the EA set to false) or you are making decisions with each tick (EachTickMode set to true).

In order to get a good visual representation of past data for your EA strategy, I created the VQzz2 indicator. It shows the Higher Timeframe VQ values at the close of each chart bar. Thus enabling us to more accurately see past entries/exits for the strategy (when not in EachTickMode). For those that like EachTickMode set to true, then you would need to view the charts through a simulator (with tick data) to see past entries/exits.
  • #4,728
  • Nov 3, 2011 9:59am Nov 3, 2011 9:59am
ZZ

Could you be so kind as to add an alert to the VQzz2 indi
Thanks
  • #4,729
  • Nov 3, 2011 10:21am Nov 3, 2011 10:21am
Most of my trades are going into profit and closing in a loss. There are two that I set a manual stoploss for BE+10 and BE+20 that closed in profit. Is it me or is anyone having a similar experience? I still think the entries are good. Could Don or someone please look at this? If everyone else is having different results, maybe it's something in my settings.
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  • #4,730
  • Nov 3, 2011 11:52am Nov 3, 2011 11:52am
I am still getting a whole lot of sells that close and reopen. I have noticed it more with sells I can't say buys have done it.
I Had things set 5-30 TF then 15 -60 TF thinking that was it but it still is doing it

maybe if other see the same might be in the logic for sells

I don't want to use fxdd for various reasons
  • #4,731
  • Nov 3, 2011 12:07pm Nov 3, 2011 12:07pm
zz,

I see.

I'm not using Kos' strategy.

So really, it looks like I need to change:

double TTFVQzzRed = NormalizeDouble(iCustom(NULL,STF,"VQzz2",TTF,7,MODE_LWMA,1,5,eblnTrueMode,0,0),0);
double TTFVQzzGreen = NormalizeDouble(iCustom(NULL,STF,"VQzz2",TTF,7,MODE_LWMA,1,5,eblnTrueMode,1,0),0);

to:

double TTFVQzzRed = NormalizeDouble(iCustom(NULL,TTF,"VQzz2",TTF,7,MODE_LWMA,1,5,eblnTrueMode,0,0),0);
double TTFVQzzGreen = NormalizeDouble(iCustom(NULL,TTF,"VQzz2",TTF,7,MODE_LWMA,1,5,eblnTrueMode,1,0),0);

.. so not looking at TTF VQzz (or VQzz2?) from STF, but from TTF?

Please advise.

Kind regards,

Don
  • #4,732
  • Nov 3, 2011 12:10pm Nov 3, 2011 12:10pm
to those of you who are having trade open and close, try setting CloseIfRetraceBeforeBE to False. Either that, or DON'T Scalp.

Other than that, my opinion is to for us to change EA, stop using existing indicators on STF to set BE, and use top or bottom Semafor 1 instead (hidden behind Semafor 3 and 2 are Semafor 1, so we simply lock at BE when Semafor 1 shows up, and we catch all 3).

Kind regards,

Don
  • #4,733
  • Nov 3, 2011 12:58pm Nov 3, 2011 12:58pm
Quoting disbellj
zz,

I see.

I'm not using Kos' strategy.

So really, it looks like I need to change:

double TTFVQzzRed = NormalizeDouble(iCustom(NULL,STF,"VQzz2",TTF,7,MODE_LWMA,1,5,eblnTrueMode,0,0),0);
double TTFVQzzGreen = NormalizeDouble(iCustom(NULL,STF,"VQzz2",TTF,7,MODE_LWMA,1,5,eblnTrueMode,1,0),0);

to:

double TTFVQzzRed = NormalizeDouble(iCustom(NULL,TTF,"VQzz2",TTF,7,MODE_LWMA,1,5,eblnTrueMode,0,0),0);
double TTFVQzzGreen = NormalizeDouble(iCustom(NULL,TTF,"VQzz2",TTF,7,MODE_LWMA,1,5,eblnTrueMode,1,0),0);

.. so not looking at TTF VQzz...
I think you should use VQzz in your EA, like in the 103111 version.

Yes, you should change the TTF call to use TTF (although, when EachTickMode is true, it should not make a difference).

When EachTickMode is true, it would look like this:

Inserted Code
 
if(UseVQzzmtf) {
   double TTFVQzzRed = NormalizeDouble(iCustom(NULL,TTF,"VQzz",TTF,7,MODE_LWMA,1,5,0,0),0);
   double TTFVQzzGreen = NormalizeDouble(iCustom(NULL,TTF,"VQzz",TTF,7,MODE_LWMA,1,5,1,0),0);
 
   if(TTFVQzzGreen > TTFVQzzRed) { TTFTrend = "UP"; TTFTrendColor = ColorUp; }
   else if(TTFVQzzRed > TTFVQzzGreen) { TTFTrend = "DOWN"; TTFTrendColor = ColorDown; }
   else { TTFTrend = "FLAT"; TTFTrendColor = ColorNeutral; }
 
   double STFVQzzRed = NormalizeDouble(iCustom(NULL,STF,"VQzz",STF,7,MODE_LWMA,1,5,0,0),0);
   double STFVQzzGreen = NormalizeDouble(iCustom(NULL,STF,"VQzz",STF,7,MODE_LWMA,1,5,1,0),0);
 
   if(STFVQzzGreen > STFVQzzRed) { STFTrend = "UP"; STFTrendColor = ColorUp; }
   else if(STFVQzzRed > STFVQzzGreen) { STFTrend = "DOWN"; STFTrendColor = ColorDown; }
   else { STFTrend = "FLAT"; STFTrendColor = ColorNeutral; }
}

However, when EachTickMode is false, don't you want to use the VQ values for the STF bar that just closed? If that is correct, you may want to re-examine the logic because I'm not sure it is doing what you think it is doing.
  • #4,734
  • Nov 3, 2011 1:06pm Nov 3, 2011 1:06pm
Quoting dryclean
ZZ

Could you be so kind as to add an alert to the VQzz2 indi
Thanks
Gives alert when chart bar closes and VQ color changes.
Attached File(s)
File Type: mq4 VQzz2.mq4   14 KB | 1,587 downloads
  • #4,735
  • Edited 6:06pm Nov 3, 2011 1:50pm | Edited 6:06pm
zz,

Frankly I came to VQ7, etc. from same standpoint on how we use HASmtf. With HASmtf, there is no waiting on TTF bar to close (at least not in my EAs so far, because if we are witing for TTF bar to close, then at least in EA there should be no need for mtf anything, and we could just use HAS, no mtf.

So the 103111 version used VQzz (not VQzz2), and looked at TTF from STF. I have changed back to that although it doesn't seem as representative (I'm not sure at this point).

I also found problems that might account for problems people are having in sells opening and closing, and so am posting an update to 110211 version with rev1 at the end. Still uses lagging indicators for set to BE.

I also went ahead with my idea of using appearance Semafor 1 to set BE+1 if in profit, or Semafor 1 with HH/LL to exit when scalping. This has today's date, and should BE faster than using lagging indicators as before today's version.

I removed option of closing a trade if reversal starts (per lagging indicators) and not in profit. So trade will close by Stoploss or opposite signal (both TTF and STF agreeing).

Still may need more work, but I think with these we're getting closer IMHO. These are versatile EAs.

When moves happen, I like to get in on them as fast as I can, so that's why I use EachTickMode to True. Anyone feel free to test with this set to true or false.

So now we have UseVQzz which looks at TTF from TTF, UseVQzzmtf, which looks at TTF from STF, and UseHASmtf, which looks at TTF from STF. I HIGHLY recommend duplicating the existing FXDD VQzzmtf folder multiple times, naming one FXDD MT4 VQzz, one FXDD MT4 VQzz SemaBE, one FXDD MT4 VQzzmtf SemaBE, and one FXDD MT4 HASmtf SemaBE. If you're testing scalping, double that number of total installations you now have. If testing EachTickMode False, double that number. You get the idea. we need testers.

Kind regards,

Don


Quoting zznbrm
I think you should use VQzz in your EA, like in the 103111 version.

Yes, you should change the TTF call to use TTF (although, when EachTickMode is true, it should not make a difference).

When EachTickMode is true, it would look like this:

[code]
if(UseVQzzmtf) {
double TTFVQzzRed = NormalizeDouble(iCustom(NULL,TTF,"VQzz",TTF,7,MODE_LWMA,1,5,0,0),0);
double TTFVQzzGreen = NormalizeDouble(iCustom(NULL,TTF,"VQzz",TTF,7,MODE_LWMA,1,5,1,0),0);

if(TTFVQzzGreen > TTFVQzzRed) { TTFTrend = "UP"; TTFTrendColor = ColorUp;...
Attached File(s)
File Type: mq4 TheLordsEA_110211rev1_VQzz_OR_HASmtf_CodedbyDon.mq4   33 KB | 1,188 downloads
  • #4,736
  • Nov 3, 2011 3:43pm Nov 3, 2011 3:43pm
here are 3 pics EU GU GJ look how sells are all over the place but buys look normal
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu.gif Size: 20 KB
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  • #4,737
  • Nov 3, 2011 3:45pm Nov 3, 2011 3:45pm
Quoting zznbrm
Gives alert when chart bar closes and VQ color changes.
Thanks
  • #4,738
  • Nov 3, 2011 3:49pm Nov 3, 2011 3:49pm
Quoting dryclean
here are 3 pics EU GU GJ look how sells are all over the place but buys look normal
That's not happening on mine. I wonder why. I'm just having trouble with exits.
  • #4,739
  • Nov 3, 2011 4:30pm Nov 3, 2011 4:30pm
No support will be given for EAs older than the last ones I posted.

Please get latest ones posted to test

This is why I'm trying to roll out updates because of the exact things you're pointing out.

Kind regards,

Don
  • #4,740
  • Nov 3, 2011 4:33pm Nov 3, 2011 4:33pm
Quoting gilab
That's not happening on mine. I wonder why. I'm just having trouble with exits.
Might be the broker Don is using FXDD with out problems
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