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The gg53 "Killing Zone"

  • #1,621
  • Edited 3:03am Apr 19, 2013 2:18am | Edited 3:03am
Thanks to everyone participating!

Two things I need to add..

When starting MT4.. and dropping the EA on the chart.. If OBV breakout has already occurred. It should not open (Buy/Sell) trade and it will, rather wait for next channel.

I need to build in a magic number checker.. I know the parameter is there but, it only uses it when sending (Buy/Sell). So if you have any open trades that have not been made buy the Asian_OBV_EA_v1_2.mq4, it won't open any trades..

Just a few things I can think of right now.. there might be more.

Jusiur,

If everyone is happy that it takes the trades correctly and I have added the things from above then, we can add MM.

Update

I'm also going to add...

At the moment the EA can only take two trades on the day (Buy/Sell) which ever one was first or both. Once this has happened no more trades until the next day.. But what if it can do more than one trade (Buy/Sell) in the day? I have thought about it and, its possible. My previous attempts at this has been a fail but, now I think have a solution.

This would mean if the breakout occurred and Vol dives back into the channel then it should safely take the next breakout (Buy/Sell)
  • #1,622
  • Apr 19, 2013 2:21am Apr 19, 2013 2:21am
Quoting FusionF
Hi imaxi, Thank you for taking on the coding of the EA. I tested the latest EA with positive OBV (USDJPY) in different TFs and as far as I can tell the entries were perfect. Same goes for negative OBV (EURUSD). All entries and exits were ok.
That's good news!
  • #1,623
  • Apr 19, 2013 2:23am Apr 19, 2013 2:23am
Quoting gg53
imaxi, Thanks for all your work !! G.
gg53,

No problem! And I'll get to what we discussed.. With all my other projects floating around.. But I like this better
  • #1,624
  • Apr 19, 2013 3:12am Apr 19, 2013 3:12am
Hmmm... I see a lot of Commercial Member's looking in on us..
  • #1,625
  • Apr 19, 2013 3:37am Apr 19, 2013 3:37am
Running all EA's versions and few TF's:

Entry Logic seems to be Ok on v1.2.

There is a major problem with the Risk/Rerward ratio.
We are getting high win rate with small profit each and few loses with big loses each.

SL should be proportional to current position and trade direction.
TP should be proportional to SL.

SL (for SELL signal) should be prervious high + few pips (usually spread +1 pip). Vice-versa for BUY signal.
Or use the PSAR technique.
The "user parameter" should be the number of pips above that.

TP should be at least 150% of SL (or x1.5) - this will keep you profitable even with 35% win/loss.
The "user parameter" should be the multiplication or percent from SL (i.e 1.5 or 150 in the above example.

Leave Trailing as a parameter.

G.

Edit: Math error - 1:2 (x2 or 200%) risk/reward will keep you profitable at 35% win/loss - not as stated earlier.
Lack of morning coffee caused that err.
Attached Image (click to enlarge)
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  • #1,626
  • Apr 19, 2013 3:50am Apr 19, 2013 3:50am
Quoting kapybara
Nice GG, I got it yesterday clearly. Here you just grab your pips w/ your gadi_currencies exclusively. (I mean w/o using any other confirming indicator, am I right?). Just converging currencies right? Coming back to zone. Maybe price action of currency pair is confirming, but it should be nice bearish anyway, just to represent convergence. Glad to have you here, Kapy
kapybara,

This is just playing around on very short TF - for this to work you need to constantly watch the screen and aim at just few pips profit.
It's working nicely - but requires staring at the screen. Not my style - but makes quick profits.

G.
  • #1,627
  • Apr 19, 2013 3:58am Apr 19, 2013 3:58am
Quoting gg53
Running all EA's versions and few TF's: Entry Logic seems to be Ok on v1.2. There is a major problem with the Risk/Rerward ratio. We are getting high win rate with small profit each and few loses with big loses each. SL should be proportional to current position and trade direction. TP should be proportional to SL. SL (for SELL signal) should be prervious high + few pips (usually spread +1 pip). Vice-versa for BUY signal. Or use the PSAR technique. The "user parameter" should be the number of pips above that. TP should be at least 150% of...
gg53,

I think its apparent that we need to add the MM in before anything else.. Those settings are just standard OOTB features..
  • #1,628
  • Apr 19, 2013 4:07am Apr 19, 2013 4:07am
Quoting imaxi
gg53, I think its apparent that we need to add the MM in before anything else.. Those settings are just standard OOTB features..
imaxi,

In this particular case we are getting "false" volume signals, especialy on higher TF's.
This issue, combined with the wrong SL, distort the whole results.

G.
  • #1,629
  • Apr 19, 2013 4:38am Apr 19, 2013 4:38am
Quoting gg53
imaxi, In this particular case we are getting "false" volume signals, especialy on higher TF's. This issue, combined with the wrong SL, distort the whole results. G.
OK working on that now...
  • #1,630
  • Apr 19, 2013 8:15am Apr 19, 2013 8:15am
EA v1.2:

There is no point in "Hedging" - and some brokers does not allow this.

Either:
Don't open a new trade while another one is active.
or
Close current active trade when opposite signal arrives and open a new one.

See chart of current behaviour on 2 active, opposite, trades (A & B).

G.
Attached Image (click to enlarge)
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  • #1,631
  • Apr 19, 2013 8:30am Apr 19, 2013 8:30am
An EA v1.2 overview and 2 more conflicting trades:
See 2 sets of red vertical lines in attached chart.

G.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdh_2.png Size: 82 KB
  • #1,632
  • Apr 19, 2013 9:28am Apr 19, 2013 9:28am
Quoting gg53
An EA v1.2 overview and 2 more conflicting trades: See 2 sets of red vertical lines in attached chart. G. {image}
GG.

I have a demo account of the same broker and I don't see the same trades as you do. I have attached a screenshot. It looks like the order closes before it enters another one in the opposite direction. See the red vertical lines.

Pair: GBPUSD
TF: H1
Exact volume: true
Channel: 3:00-11:00

Let me know if I am wrong.


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 570 KB
  • #1,633
  • Apr 19, 2013 9:33am Apr 19, 2013 9:33am
I have had several hedged positions opened on the 60 minute Tf over the past 24 hours.
  • #1,634
  • Apr 19, 2013 10:19am Apr 19, 2013 10:19am
Quoting FusionF
GG. I have a demo account of the same broker and I don't see the same trades as you do. I have attached a screenshot. It looks like the order closes before it enters another one in the opposite direction. See the red vertical lines. Pair: GBPUSD TF: H1 Exact volume: true Channel: 3:00-11:00 Let me know if I am wrong. {image}
FusionF,

Try TP/SL = 400 on same pair - backtesting from 1.1.2013 til today.

There are a lot of MM to do in this EA - but hedging is not part of the logic - and even contradict the logic of it.

G.
  • #1,635
  • Apr 19, 2013 10:49am Apr 19, 2013 10:49am
Quoting gg53
FusionF, Try TP/SL = 400 on same pair - backtesting from 1.1.2013 til today. There are a lot of MM to do in this EA - but hedging is not part of the logic - and even contradict the logic of it. G.
Ok, I figured out why I don't get any hedging. I have Alpari US not Alpari UK. Alpari US by default doesn't allow hedging because of FIFO.

I've never used hedging, martingale etc and I will never use them.

I agree there is a lot MM to be added. I was just looking if the orders were entered where they supposed to. It should be relatively easy for imaxi or you to enter a check in the code that will not allow hedging.
  • #1,636
  • Apr 19, 2013 12:50pm Apr 19, 2013 12:50pm
Quoting gg53
EA v1.2: There is no point in "Hedging" - and some brokers does not allow this. Either: Don't open a new trade while another one is active. or Close current active trade when opposite signal arrives and open a new one. See chart of current behaviour on 2 active, opposite, trades (A & B). G. {image}
gg53,

I can see why you think its hedging and there is no hedging logic built in..

What I'm seeing on the chart is that your TP/SL is set wide.. Therefore a Buy trade was executed and was kept open to run as price never broke down to hit your stop loss.

The second day come around and triggered a sell trade using the same analogy as above.. and ran. Eventually causing the two trades to cancel out, where a buy trade should have been opened but never happen because of the logic.

Once your in a trade the logic is "keep me there until I exit before I open a new one".

I will build in the

Quoting gg53
Don't open a new trade while another one is active. or Close current active trade when opposite signal arrives and open a new one. See chart of current behaviour on 2 active, opposite, trades
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 391 KB
  • #1,637
  • Edited 1:43pm Apr 19, 2013 1:24pm | Edited 1:43pm
Quoting gg53
An EA v1.2 overview and 2 more conflicting trades: See 2 sets of red vertical lines in attached chart. G. {image}
Please see the attachment..

For some reason I can;t upload any images... Will try again later.
  • #1,638
  • Apr 19, 2013 1:41pm Apr 19, 2013 1:41pm
Quoting imaxi
Please see the attachment.. {image}
imaxi,

Seen attached - and I understand WHY it happens.
According to my logic - it should not happen.
Here is why:
We got a logical breakout signal - so we trigger "A" trade.
"A" trade did not mature (or closed) and we got a new "channel" and after that another breakout signal.

The "A" trade logic is no longer valid !!
it should be closed as soon as the new channel is formed or at least as soon as the "B" signal is triggered.

The validity of the "A" trade is lost as soon as there is another channel or another breakout in the opposite direction.
It doesn't matter anymore if it's a winner or loser. It just stopped making sense and should be closed.

G.
  • #1,639
  • Apr 19, 2013 1:46pm Apr 19, 2013 1:46pm
Quoting gg53
imaxi, Seen attached - and I understand WHY it happens. According to my logic - it should not happen. Here is why: We got a logical breakout signal - so we trigger "A" trade. "A" trade did not mature (or closed) and we got a new "channel" and after that another breakout signal. The "A" trade logic is no longer valid !! it should be closed as soon as the new channel is formed or at least as soon as the "B" signal is triggered. The validity of the "A" trade is lost as soon as there is another channel or another breakout in the opposite...

OK I get what you syaing... Will adjust accordingly.
  • #1,640
  • Edited 2:11pm Apr 19, 2013 1:54pm | Edited 2:11pm
Manual - Very profitable "channel breakouts" setup:
(variation on this already posted in this forum/thread)

H1 & M15 samples

Gadi_NormalizedVolume - Blue (positive) & above average (dotted line)
Gadi_TickVolume - Blue - Positive, above zero line
Gadi_Currencies - Diff going up, one currency above zero (strong) & the other below zero (weak)
Gadi_OBV - going up reaching/touching/crossing the upper boundry.


This setup is VERY profitable - not just for "Asian session" breakout, but for almost any consolidation area.

G.
Attached Image(s) (click to enlarge)
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