Experts Tool Box | Page 65 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Box Spreads of Equity Index Options on Futures as a Financing Tool 0 replies

experts advisor file not in experts folder 12 replies

box play 18 replies

Anyone trading "Box Options" with Oanda??? 20 replies

Oanda Order Flow Box 5 replies

Attachments: Experts Tool Box
Exit Attachments

Experts Tool Box

  • #1,281
  • Aug 20, 2012 10:50pm Aug 20, 2012 10:50pm
Quoting DerBerliner
hi seller9 ... I use 25 pairs for trading ... for training only ... and to find out, are there pairs which we never could use for this EA ... I put the ichi cloud (MT4 - OOTB) on all charts of these pairs and to be honest: not very often it helps to filter out the "bad" trades ... or do you have any other experience about the advantage of the ichi cloud ?
Looks like I will stick with the Bands for now as the ichimoku doesn't seem any better or worse.

I am working on version 8 with some things that may help keep the loses smaller.
  • #1,282
  • Aug 21, 2012 5:39am Aug 21, 2012 5:39am
Hi Seller9,

I would like to ask you if you would look into this Fractal breakout strategy
that I am trading manualy on Renko charts

I would love to trade it on a smaler renko brick size, an EA would be very helpfull here

Many thanks in advance

logic/ a screenshot is included in the zip file

Kind Regards

N!co
Attached File(s)
File Type: rar MyFractalEA.rar   55 KB | 505 downloads
  • #1,283
  • Aug 21, 2012 6:26am Aug 21, 2012 6:26am
I'm very impressed with this thread and very interested in trying out one of those EAs.

Just wondering which EA has been the most profitable or most popular so far?

Regards,
  • #1,284
  • Aug 21, 2012 9:54am Aug 21, 2012 9:54am
@seller9, I have always been an advocate of simplicity and believe that forex trading should be simple . here is one simple kiss idea

indicator used :- 1. bands ( 62 .2 ) and 2. ema ( 5 , 26 on close )

the result is in front of us on 5 pip renko .

can we turn it to a EA ??

SL rules, keep it 3 pip plus spread abv the band.
Attached Image (click to enlarge)
Click to Enlarge Name: simple idea.jpg Size: 48 KB
  • #1,285
  • Aug 21, 2012 11:25am Aug 21, 2012 11:25am
If you get your settings for SL or BEJS to small you can run into the problem of taking more than one trade on the same candle if the first trade closes on the same candle. As in the screen shot below just because we are using 5 pip bars we still can get a larger range within the candle, like the one below has a range of 14 pips from high to low but the bar is a 5 pip bar from open to close.
The EA does not look at the high or low but if the price moves there it can trigger an event.

Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 105 KB
  • #1,286
  • Edited 11:42am Aug 21, 2012 11:27am | Edited 11:42am
Quoting unimak
@seller9, I have always been an advocate of simplicity and believe that forex trading should be simple . here is one simple kiss idea

indicator used :- 1. bands ( 62 .2 ) and 2. ema ( 5 , 26 on close )

the result is in front of us on 5 pip renko .

can we turn it to a EA ??

SL rules, keep it 3 pip plus spread abv the band.
Yes, simple is great. I will take a look and maybe even just add it as an option to version 8.

So does the ema cross signal the trade and Bands are used just for SL, or do we also need a clean candle above or below the Bands?
  • #1,287
  • Aug 21, 2012 1:17pm Aug 21, 2012 1:17pm
Quoting seller9
If you get your settings for SL or BEJS to small you can run into the problem of taking more than one trade on the same candle if the first trade closes on the same candle. As in the screen shot below just because we are using 5 pip bars we still can get a larger range within the candle, like the one below has a range of 14 pips from high to low but the bar is a 5 pip bar from open to close.
The EA does not look at the high or low but if the price moves there it can trigger an event.

Attachment
Yes - noticed this on a few trades now - this has lead to a problem with the second trade being set with no SL or TP - I have one on GBPUSD at -40 pips at the moment!

Log attached if this helps - trades taken at 12.12 and 12.34...

Guess I need to re-work my SL and BE

Regards
Ath
Attached File(s)
File Type: txt 20120821 log 1.txt   16 KB | 209 downloads
File Type: txt 20120821 log 2.txt   11 KB | 346 downloads
  • #1,288
  • Aug 21, 2012 2:41pm Aug 21, 2012 2:41pm
Hello seller 9, when there is a good trade we are stopped out often by the


jumping stop, because the jumping stop is related to the breakeven stop,


these we take normally low about 10 - 15 pips, so we trail on 8-13 pips,


as in the chart you can see we mis a good trade, we only get about 50,


if we could use a normal trail stop for about 25 pips we would have


get a 100 pips, what do you think about this?
Attached Image (click to enlarge)
Click to Enlarge Name: rb.jpg Size: 128 KB
  • #1,289
  • Aug 21, 2012 4:27pm Aug 21, 2012 4:27pm
This is up to you ! Use a tight SL and/or BE may save you in flat markets ... but really you will miss good trades in trend markets .... but nobody can predict markets direction ... may be Mister Soros and some others know the future direction
so this the real dilemma for us traders ... these fu...ng flat markets ...

so try wider trailings as you proposed yourself ... and yes in trending days like today + using some more pairs I got very big gains (but: 1% risk per trade !) ... but lets see what happens tomorrow (I think just after the big moves today it will be a flat day) ... big losses may be

may be after days like today it would be better NOT to trade at all ?? take a rest ... go to the beach, have a drink ...
  • #1,290
  • Edited 7:15pm Aug 21, 2012 6:43pm | Edited 7:15pm
Quoting rr 518
Hello seller 9, when there is a good trade we are stopped out often by the


jumping stop, because the jumping stop is related to the breakeven stop,


these we take normally low about 10 - 15 pips, so we trail on 8-13 pips,


as in the chart you can see we mis a good trade, we only get about 50,


if we could use a normal trail stop for about 25 pips we would have


get a 100 pips, what do you think about this?
Just set the BEJS to 25, 0, 1. After you reach a profit of 25 pips it will move the SL to BE and after that for every 1 pip of PA move the SL 1 pip so it will trail by 25 pips.

Of course this is OK for long trends but in short moves the BEJS will never kick in, if we could know in advance when the long moves are comming we would have it made and all be rich.

One of the reasons for the partial close is to get some pips just in case the move does reverse.
In version 8 the Partial Close will be a little different, if you leave it set to zero the partial close will take place at the first pull back which is signaled by a closed candle of the opposite color, this may work better than trying to pick a partial close point.

In your screen shot the PC in version 8 will take place where you have it circled, which would give you some good pips and then the remaining lots would run until closed by the BEJS setting which if set to 15,1,1 looks like it may have run all the way (I can't tell if the 15 pip setting would have gotten hit at the reverse in the middle of the run) to the semafor and then close after the 3 red candles after the semafor.

Your setting of 10,1,0 is a little tight and can get you stopped out very early, and since you have disabled the jump stop the SL will be moved to BE + 1 pip after a profit of 10 pips (at this point in time your SL would be 9 pips until PA moves into more profit) and never move again. Most candles, even though they are suppose to be 5 pips (Open to Close) can be 14 pips of PA from high to low, and that is what the SL is based on and if PA hits it your stopped out. So you have to be careful when setting BEJS to less than 15 pips as you can get taken out on the same candle you entered on.

Even 15 pips can be a little tight and I may increase that to 20,1,1.

Good Luck
  • #1,291
  • Aug 21, 2012 7:24pm Aug 21, 2012 7:24pm
Here is an example of a version 8 long trending trade and what it did.
Version 8 should be out this weekend.

You can see I was using a BEJS of 20,1,1 as 15,1,1 would have been taken out probably at the PC point.

The 44 pip trade should be 74 pips as I should have measured it from the open and not the PC point.

So 30 pips at .03 lot and 74 pips at .01 lot. So that was a very nice trade.

Attached Image (click to enlarge)
Click to Enlarge Name: tarde.jpg Size: 93 KB
  • #1,292
  • Aug 21, 2012 10:11pm Aug 21, 2012 10:11pm
Quoting seller9
Yes, simple is great. I will take a look and maybe even just add it as an option to version 8.

So does the ema cross signal the trade and Bands are used just for SL, or do we also need a clean candle above or below the Bands?

we can do it this way , ema cross signals the trade and we keep sl at say 2 candle distance since ours is 5 pips renko we keep it at 10 pip plus spread.

if the bands are avaliable then we follow the lower band minus 2 pips as sl .

many time the trade fires below the band , so there is no need to wait till it brks the bands as we loose lot of pips , any trade will be exit if an opposite arrow comes . say we are having a buy with the blue arrow, the trade will exit when we get the red arrow. and we will open a sell trade.
  • #1,293
  • Aug 21, 2012 10:13pm Aug 21, 2012 10:13pm
I would like to thank max for CCI , it is a gr8 indicator which runs and runs.
  • #1,294
  • Aug 21, 2012 11:05pm Aug 21, 2012 11:05pm
Quoting unimak
I would like to thank max for CCI , it is a gr8 indicator which runs and runs.
No Problem i know C.C.I Rocks !!!!!

yes i like the CCI it's one of my favorite indicators, i use the Dual CCI's but 1 CCi is enough, my 2nd favorite is TDI since it includes RSI, i have more but these 2 are my top Favorites.

Don't forget Practice + Patience + Persistence = Profits
  • #1,295
  • Aug 22, 2012 1:28am Aug 22, 2012 1:28am
Quoting maxzeus
No Problem i know C.C.I Rocks !!!!!

yes i like the CCI it's one of my favorite indicators, i use the Dual CCI's but 1 CCi is enough, my 2nd favorite is TDI since it includes RSI, i have more but these 2 are my top Favorites.

dual cci what settings ??
  • #1,296
  • Edited 1:18pm Aug 22, 2012 12:45pm | Edited 1:18pm
Give this a try. Its just a basic ma crossing EA.

The spread is added to the stop loss.

The Bands are not part of the EA, try this first.

The trade closes when the stop loss is hit or you get a reverse cross signal in the opposite direction.

Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 87 KB


Attached File(s)
File Type: ex4 MA_Renko_v1.ex4   28 KB | 566 downloads
  • #1,297
  • Aug 22, 2012 2:10pm Aug 22, 2012 2:10pm
Quoting Athravan
Wow! Thank you!

I have attached the set I will be using for this version 7 in the coming week, in case anyone wants to try.

Chiche - you'll see how I've changed the bands settings in there.

Regards
Ath
Hi all,

I've pulled the plug on my fast bands and CCI run this week.

Combination of losses and SL & TP not being set correctly...

Back to the drawing board.

Regards
Ath
Attached Image (click to enlarge)
Click to Enlarge Name: Week Commencing 20th Aug.jpg Size: 347 KB
  • #1,298
  • Aug 22, 2012 5:26pm Aug 22, 2012 5:26pm
hi maxzeus - what are the best C.C.I. parameters ? Athravan proposed only 8 ... but as I remember you dont use these small numbers ?
@ Athravan - do you still use thigt numbers for the CCI ? So which parameters are at the end the best for this renko EA ?

Perhaps I will change from AO to CCI ?
  • #1,299
  • Aug 22, 2012 11:44pm Aug 22, 2012 11:44pm
Quoting seller9
Give this a try. Its just a basic ma crossing EA.

The spread is added to the stop loss.

The Bands are not part of the EA, try this first.

The trade closes when the stop loss is hit or you get a reverse cross signal in the opposite direction.

Attachment

Attachment
Can you please add the parameters like BE, TS and JS to this EA?
  • #1,300
  • Aug 23, 2012 1:31am Aug 23, 2012 1:31am
Quoting DerBerliner
hi maxzeus - what are the best C.C.I. parameters ? Athravan proposed only 8 ... but as I remember you dont use these small numbers ?
@ Athravan - do you still use thigt numbers for the CCI ? So which parameters are at the end the best for this renko EA ?

Perhaps I will change from AO to CCI ?
Hi DerBerliner,

If you look at my results above your post you'll see I've abandoned CCI(8), I'm running CCI(50) now for confirmation of trend...

Regards
Ath
6 traders viewing now