Experts Tool Box

Quoting seller9

Disliked

Here is a nice trade from last night.

Attachment

Version 3 settings ( version 3 will be posted shortly)


* * * * * * * * * Trade Settings * * * * * * * * *
TradeLive=true
MagicNumber=0
TradeComment=""
Lot=0.02
slippage=4
TakeProfitPips = 98 (I use the DR(3) number for this)
StopLossPips = 0
BandOffsetSLPIPs = 10 (RB size + 2 + Spread)
UseAggressiveMode = false
* * * * * * * * * Filter Settings * * * * * * * * *
UseSemafor = true
UseMA = true
MAperiod = 200 (sma of Open)
* * * * Partial...

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Quoting unimak

Disliked

>>>(1) The EA at this time only looks at the Open and Close of the Renko Bar and does not use the High or the Low to determine a clean candle. So you can have your Wicks on or off, it does not matter.>>>

ideally a 5 pip bar should be 5 pips when we see the difference from high and low not from open and close . we should strive to achieve this...

I know you are aware of this , but cant we achieve this ?? hi-lo = 5 pips range

will v3 work on 1 m time bar ??

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Quoting seller9

Disliked

Do you know of a RB generator that the High to Low is always 5 pips or consistantly the same from candle to candle?

The ones I have seen vary all over the place and are not consistant in size from High to Low.

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Quoting unimak

Disliked

update on version 3 , one final improvement suggestion to this toy , Please use the awesome indicator in the final entry decision making.

The rules are pretty simple , Awesome should be below zero line and red in color for any short entries and it should be above zero line and in blue color for long entries.

I have attached the screenshot highlighting the error v3 currently has at present in taking entries.

The Awesome indicator that i am using comes by default with the MT4 in the indicator folder , and not the awesome indicator which is...

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Quoting seller9

Disliked

What if its Blue below the zero line or Red above the zero line?
Do we use just above or below zero or use color also?
I see in your example there is some Blue below zero and some Red above zero.

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Quoting unimak

Disliked

no in case of a sell it should be below zero and red in color this will automatically match with the river giving sell signal

similarly for a buy it should be blue above zero line not red above zero line.

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Quoting seller9

Disliked

Just took a look at the code for the AO and it is just 2 moving averages.

5 sma median price and 34 sma median price.

The color changes when it is increasing (Blue) or decreasing (Red).

For a Long trade you want it above zero and increasing (Blue)? Yes along with river side rule for buy , these two comply we go for it , semafor is already made switchable

For a short trade you want it below zero and decreasing (Red)?>>> yes same for short trade.

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Quoting unimak

Disliked

For a Long trade you want it above zero and increasing (Blue)? Yes along with river side rule for buy , these two comply we go for it , semafor is already made switchable

For a short trade you want it below zero and decreasing (Red)?>>> yes same for short trade.

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Quoting seller9

Disliked

It is easy to add but I just took a quick look back at some loseing trades and out of 6 loseing trades the AO only kept me out of 1 of them.

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Quoting unimak

Disliked

@seller 9 >>> bandoffsetslpips, does the ea calculate this automatically or do we need to calculate and put it in the option field ??

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Quoting unimak

Disliked

when aggressive entry is set to false , it seems to be entering on the third candle post the clean candle of river break instead of the second candle post the river break candle.

is it programmed that way ??

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