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Attachments: A 5minute Inside Bar System
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A 5minute Inside Bar System

  • #101
  • May 24, 2012 11:38am May 24, 2012 11:38am
Quoting Caillou
Waiting for updated version from Ananthhh.....



Anyway since the 9 pips max range is not correctly coded, letīs wait.....

Actually the inside bar can have a range greater than 9 pips - could be 25 pips! A pending order should still be placed in the direction of the inside bar's close, example if close is bearish then a pending sell should be placed 0.5 pips below the low. The stop should be a size of 9 pips.

If the inside bar's range was 6 pips, and the low was 1.2550, (high 1.2556) pending order would be 1.25495 with the stop placed at 1.2556.

Hope this clarifies things!

I would also like to see down the track the option of turning on max gain/loss with %input as it would be nice to have the EA stop trading once a preset daily gain or perhaps net pips has been achieved....
  • #102
  • May 26, 2012 6:01am May 26, 2012 6:01am
Friday had a low amount of inside bars form compared to the previous 2 weeks. I counted 6 winners and 7 losses.
  • #103
  • May 26, 2012 7:38am May 26, 2012 7:38am
Updates:

1.Changed emergency stoploss function as mentioned by trumpcard.
2. EA will stop trading when daily gain goes above daily gain%(New parameter gain is added) or daily loss goes below daily loss%(New parameter loss is added). Everyday the free margin is initialized at the prefixed time(New parameter daily open time is added).

PS --> please update the link in first post

cheers
Ananthhh
Attached File(s)
File Type: mq4 insideBarEA v1.2.mq4   8 KB | 727 downloads
  • #104
  • May 26, 2012 8:47am May 26, 2012 8:47am
धन्यवाद ananthhh;

  • #105
  • May 27, 2012 8:26am May 27, 2012 8:26am
Ananthhh, your a champion! thanks very much! looking forward to testing it out!
  • #106
  • May 28, 2012 1:23am May 28, 2012 1:23am
Quoting chaveznqoos
धन्यवाद ananthhh;


You are welcome
  • #107
  • May 28, 2012 1:24am May 28, 2012 1:24am
Quoting Trumpcard
Ananthhh, your a champion! thanks very much! looking forward to testing it out!
Actually i am busy with some personal work this weekend.
I couldn't do any backtesting on the modified code.
Looking forward for the results.

Cheers
Ananthhh
  • #108
  • May 28, 2012 4:28am May 28, 2012 4:28am
anyone else having trouble like me with the EA download? my computer is recognising the EA as a .gif file...
  • #109
  • May 28, 2012 8:06am May 28, 2012 8:06am
Quoting ananthhh
Actually i am busy with some personal work this weekend.
I couldn't do any backtesting on the modified code.
Looking forward for the results.

Cheers
Ananthhh
Hi Ananthh;

Today,the EA has not opened any position. Are my settings wrong?.
Another doubt, the EA detects these two rules ?:

. "If the inside bar has the same open and close, then a pending order is placed in the direction of the previous barīs close".

. Have the stop loss equal to the range of the inside bar OR 9 pips,whichever is smaller.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 2120765 Go Trader MT4 - Cuenta de demostración - [EURUSD,M5]_2012-05-28_14-53-35.png Size: 101 KB
  • #110
  • May 28, 2012 9:48am May 28, 2012 9:48am
The manual backtest of this shows it's a disaster, don't waste your time creating an EA for a crazy system which will not work. Why didn't the op do a years worth of backtesting before starting a thread on a system that's been posted lots of times on here before and has never worked?
  • #111
  • May 28, 2012 12:57pm May 28, 2012 12:57pm
Why not test in a live market, just demo it. I remember seeing something about the inside bar a while back, I think on youtube. Looks good in detail but trading it is very, very difficult. 30 50 and 100 pips (5th) is not that much for scalping. Inside bar to me you need a little more guidance on the chart to help navigate. Looks good but looks risky, thats must my opinion!
Statistical Probability
  • #112
  • May 28, 2012 10:44pm May 28, 2012 10:44pm
Quoting zortan
The manual backtest of this shows it's a disaster, don't waste your time creating an EA for a crazy system which will not work. Why didn't the op do a years worth of backtesting before starting a thread on a system that's been posted lots of times on here before and has never worked?

thanks for your opinion. please read the first post very very carefully. then read it again. then the rest of the thread.
  • #113
  • May 28, 2012 10:46pm May 28, 2012 10:46pm
Quoting Joel Dollar
Why not test in a live market, just demo it. I remember seeing something about the inside bar a while back, I think on youtube. Looks good in detail but trading it is very, very difficult. 30 50 and 100 pips (5th) is not that much for scalping. Inside bar to me you need a little more guidance on the chart to help navigate. Looks good but looks risky, thats must my opinion!
thanks for your opinion! this is a public test of an idea. it is currently being demod. that is the whole point of this thread.
  • #114
  • May 28, 2012 11:39pm May 28, 2012 11:39pm
To all who are throwing discouraging thoughts to this thread, please remember that this is not the thread with complete strategy which will only give profit to you. This thread is started to get more view from public and based on those views, we can tweak the strategy to work with more accuracy.
This thread is started only with inside bar, but no-where it is mentioned like, this strategy will use only inside bar. If the author is really serious about developing a good strategy with this thread as a base, then for sure you will see well and good strategy soon. Please wait for some months before throwing any discouraging thought.
  • #115
  • May 30, 2012 5:40am May 30, 2012 5:40am
Been out of internet action for a bit but now back! Still have connectivity issues though but excited to be back.

Now using Admiral Markets to test this out. Just got online, loaded the EA for forward testing. Manual backtesting so far today shows 9 winners (purple), 2 losers (2.1 pips and 9 pips - red) and 2 no trades (blue).
Attached Image (click to enlarge)
Click to Enlarge Name: 30-5-2012 admiral intraday.JPG Size: 83 KB
  • #116
  • May 30, 2012 5:53am May 30, 2012 5:53am
which would be about a 9%gain and a 3.66% loss.
  • #117
  • May 30, 2012 6:31am May 30, 2012 6:31am
Hello;

Sorry, but for you, the last EA you opened an order?

Thanks.
  • #118
  • May 30, 2012 7:05am May 30, 2012 7:05am
Not opening trades for me either. I've sent Ananthhh a message.
  • #119
  • May 30, 2012 7:10am May 30, 2012 7:10am
Order send error 130.
  • #120
  • May 30, 2012 7:48am May 30, 2012 7:48am
Quoting todder
Order send error 130.
thanks todder, what's causing the error specifically?
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