I already requested that in my "horizontal lines" indicator requirements.
...no coders to do that...
G.
Hey G,
Its not that the coders are not working on this. If you look back to earlier pages of the thread, I did post a picture with "Work In Progress" for an indi to meet your suggestions.
Anyways, Last weekend I had some time and revisted that indi.
i tried v1 again on a few currency pairs....the ea fired eurjpy buy, gbpusd buy, usdchf sell...which was correct since the gadi obv was breaking upwards for ej n gu , n downwards for usdchf.
the funny thing is for eur/usd, it fired a sell, when the gadi obv was breaking up.
so all 3 other pairs worked accordingly but not for eurusd. i just cant figure it out. driving me nuts..lol...but i can see the potential in this ea..it really enters very early on the break so stops can be tight.
Its not that the coders are not working on this. If you look back to earlier pages of the thread, I did post a picture with "Work In Progress" for an indi to meet your suggestions.
Anyways, Last weekend I had some time and revisted that indi.
So far this is what I have. But am not satisfied.
Cheers
Pat
Ignored
Pat1,
Thanks for all your efforts !
I'm reading every post and I'm aware of your submission.
What I'm "complaining" about is that there are too few of "you"...
i tried v1 again on a few currency pairs....the ea fired eurjpy buy, gbpusd buy, usdchf sell...which was correct since the gadi obv was breaking upwards for ej n gu , n downwards for usdchf.
the funny thing is for eur/usd, it fired a sell, when the gadi obv was breaking up.
so all 3 other pairs worked accordingly but not for eurusd. i just cant figure it out. driving me nuts..lol...but i can see the potential in this ea..it really enters very early on the break so stops can be tight.
Ignored
fxprotrader,
Didn't had time to test and check the EA's coding.
Please be aware that Gadi_OBV is showing different "Breakout" on different TF's.
Are you using the same TF as the EA when comparing results?
i have questions, i use a 5 digit broker. will the breakout happen +/- 10 points on the indicator? or +/- 100 points? The YELLOW LINE is +/- 10 points. The RED line is +/- 100 points. Which is correct? thanks
Ignored
Hi Chikanesoup, how did u draw breakout lines on your godi_obv? I am talking about yellow and red lines.
yeah the timeframe is the same 1h, cos i loaded the gadi obv v1.3 on the same 1h chart as the ea.
the funny thing is on my vps, i also have a demo running v1 of the asian breakout ea..loaded it on about 10 pairs..but only the eurusd one triggered and it was a buy....that was correct n it closed in profit! very cool. dont know why it didnt trigger on the other pairs.
that buy trade on my vps was triggered at 759 am at the lowest point of the candle, after that dd was max 5 pips..it is now up 70 pips from entry. pretty amazing stuff.
i tried v1 again on a few currency pairs....the ea fired eurjpy buy, gbpusd buy, usdchf sell...which was correct since the gadi obv was breaking upwards for ej n gu , n downwards for usdchf.
the funny thing is for eur/usd, it fired a sell, when the gadi obv was breaking up.
so all 3 other pairs worked accordingly but not for eurusd. i just cant figure it out. driving me nuts..lol...but i can see the potential in this ea..it really enters very early on the break so stops can be tight.
Ignored
fxprotrader & middleastern,
Attached is the "Reason" why you got a SELL signal on the EURUSD (M5).
You will not be able to see it on a higher TF because it will show you the "close" and not what happened just before that.
Hence the need for some "proportional" volume (a fraction of percent) above and below the channel.
This also demonstrate the need to eliminate the "only one trade" feature of the EA. You can take a very small loss and a very large profit on the other side of the breakout.
Attached is the "Reason" why you got a SELL signal on the EURUSD (M5).
You will not be able to see it on a higher TF because it will show you the "close" and not what happened just before that.
Hence the need for some "proportional" volume (a fraction of percent) above and below the channel.
This also demonstrate the need to eliminate the "only one trade" feature of the EA. You can take a very small loss and a very large profit on the other side of the breakout.
G.
Ignored
ok G,
so u mean we cant use the ea on h1 gadi obv becos in lower time frames like m5 there might be a spike beyond the h1 gadi obv channel which cannot be seen on h1?
ok in this case, why not we simply switch to the m5? so we use 12x8 bars 96 m5 bars to mark out the asian range, we allow for 1 buy and 1 sell per currency pair everytime the channel is breached. this way , the breakout will be way more accurate. what do u think G n Middleastern?
As promised I'm giving my feedback on my preferred timeframe with pictures of two trades .
The first trade is on the H1 timeframe. This trade would have been a loss (unless one had a big stoploss) despite all the positive signals
- volume up
- Gadi OBV breakout
so u mean we cant use the ea on h1 gadi obv becos in lower time frames like m5 there might be a spike beyond the h1 gadi obv channel which cannot be seen on h1?
ok in this case, why not we simply switch to the m5? so we use 12x8 bars 96 m5 bars to mark out the asian range, we allow for 1 buy and 1 sell per currency pair everytime the channel is breached. this way , the breakout will be way more accurate. what do u think G n Middleastern?
Ignored
fxprotrader,
That's not what I'm saying...
The posted M5 chart was to solve your "mysterious" SELL signal on EURUSD.
The increase of the channel boundries (fraction of volume percent) should solve most of the "false" signal. Those false signals mainly occur after a large move that tend to "overshoot" and almost immediatly retract back.
Using M5 TF will not solve this - as you can see from the posted chart. The breakout occurs on the M5 and retracted immediatly.
I don't recommend M5 charts - they are very erratic. M15 is the minimal chart to trade - according to my lexicon.
If the increased channel boundries will not help - simply accept the loss.
With tight SL - you should be in the winning and profit side.
Another possible trade system can be to use only a "closed" bar and not "immediate" trade. The tradeoff is a delayed entry. To compensate - reduce the TF.
With tight SL it is relatively easy to get the 1:2 Risk/Reward ratio.
With this ratio you will be profitable with just 35% of winning trades.
all and all - I'm (very) happy with my current rules, i.e.:
M15 or H1 immediate breakout.
Increased volume channel.
Tight SL.
Waive your ego on loss - it's not personally against you...
This one has the same features as v.1.2, with the perk that it can also trade multiple times.
The logic I used was as follows: if the indi´s value now is above/below the tunnel AND if the indi´s value 10 seconds ago was within the tunnel, the conditions to fire a trade are met. This avoids the firing of trades all the time the indi is out of the tunnel. Instead, it only triggers a trade when the indi goes from the inside to the outside of the tunnel.
Again, it would be awsome if anyone can check out the code to confirm all is solid.
GG53, I think I figured it out after all, so please disregard my pm.
