Too close for pips, switching to points.
Overlay in MetaTrader 23 replies
Overlay 2 replies
Futures and Forex charting package with overlay 0 replies
Overlay Indicators - I've seen this lots of times but..... 3 replies
Histogram Overlay 1 reply
DislikedI took the decoded MQ4 and went through my methodical conversion to meaningful code. HAS NOT BEEN TESTED.
I gave credit for derviative code in the mq4 file.
KingHighIgnored
DislikedHere is a pic of two indicators that I wrote to display and overlay of two pairs. What I do is look at the last N bars and shift both pairs to oscillate about 0. The first shows an unsmoothed overlay and and the second show a smoothed overlay. The last chart displays the overlay differences and a predicted level to Buy/Sell - the green dashed lines.
BTW - The Blue and Light Blue lines show the EURCHF overlay.
Any thoughts on these.Ignored
Disliked-CHARVO
It does seem very difficult to translate true correlation into code, but this EA sort of is on to something...I was brainstorming about this a while back...Ignored
DislikedI took the decoded MQ4 and went through my methodical conversion to meaningful code. HAS NOT BEEN TESTED.
I am currently trying to figure out the code. What I do see is that there is no attemp to look for a GAP to instigate a start of the first level or any level.
SoOOO - if there are programmers out there who can take a look that would be great. I could not help myself, so I cleaned up the code to use an order retry selected by user. Have also added a reporting mechanism for error situations that are time stamped.
If you are not a...Ignored
DislikedAnother approach I thought about for multi-pair backtesting is well... Metatrader 5
Yes, the script is in mql4. I was able to run a conversion process to convert the code the mql5. Unfortunately, after resolving several errors I gave up.. it would not compile giving over 100 errors. If anyone out there is interested in the approach, this describes how scripts in mt4 can be used to parse mql4 source to mql5... though it may be very imperfect syntax.
http://metatrader5.blogspot.com/2009...-5-script.htmlIgnored
DislikedI've translated the original overlay EA into MT5, but the logic doesn't work under MT5 as it is
The problem is that there is always only ONE open position for any instrument at any given time
if you open a position at 1.30 and add another at 1.2990 the MT5 result will be a single position with an average of 1.2995 and that's causing a problem with the layers
secondly there is no long/short in one pair at the same time with MT5
The .mq5 goes to MQL5/experts
The .mqh goes to MQL5/includeIgnored
DislikedI have runned this on for 2 days, around 30 hours i suppose. with the default setting but initially seeing red? but i have tried altering the settings and it started earning again. and my broker is go markets.
and im delighted to see the results,
starting funds: 5000
Profit : 512.34
Loss: 89.23
I am still trying to improvise the settings and also apply it on other pairs.
I will post my settings probably after a few days of testing it.
Hope that it will help with the development.Ignored
DislikedYeah I closed all my positions before the market closed.
what do you think about it?
well i have to admit in the middle of testing i did alter the lots of pip and stuff. thats why i dont want to post it here after confirming everything that is profitable.
keen for another set of settings?Ignored
DislikedOnly for your back testing purposes, if you can code the EA to open the actual trade in EG as single pair directional trade, using "phantom trading" for the trades it does currently, in other words, phantomize the current trades it does, while adding some code for it to trade the EG only at the layer levels at the same time, with of course the appropriate direction, I.e., selling the EG when The EA would be selling the EU,buying GU, then closing the EG when it closes the other trades, with no regard for EG pip move,(it wouldn't be necessary) this...Ignored
DislikedI saw from the babypips thread someone trading EG based on EU / GU, this can definately work. Food for thought, perhaps over the coming days someone can pick upon this and code a simple EA. I need to fish through the babypips thread and find the EA you mentioned. Thanks again for the info.Ignored
DislikedOkay, please read this post carefully, as I have dug into everybody's results and comments and am summarizing and then asking questions...
Dirty brown, on your first account detail post on this EA, it shows trades going both ways, buying EU, selling GU, AND...selling EU while buying GU, which is different than the other account detail posts and different than what Charvo was saying about the EA only selling EU, buying GU...and the results on that account summery as well as Paulss's first two days were incredibly good, and I mean unbelievable! Then...Ignored