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Help with Indicator, EA or even Trade Manager

  • #1
  • First Post: Jul 11, 2013 7:07am Jul 11, 2013 7:07am
I am hoping someone can help me here because in my back test and live test, the results I get are almost unbelievable.

No need to tell me that the indicator repaints and is useless, I know this and it still seems to do very well. This is the system.

Using a TMA on the current TF and a TMA on the next higher TF, once the lower TF TMA crosses the outer band of the higher TF band(signalling a reverse trade setting up), then our Stop-Reverse indicator triggers us into the trade, we enter targeting the other side of the higher TF TMA band. Our stop should be some pips beyond the previous swing. (depending on time frame we are looking at)

So the first thing would be to alter 1 x TMA indicator so it automatically adjusts to the next higher time frame. Then have an alert once the lower or current TF TMA crosses its band. From there we enter on Stop-Reverse signal. And lastly we monitor the trade until stopped out or other side of the higher time frame TMA band is hit....

Attached File(s)
File Type: ex4 TMA (1).ex4   10 KB | 748 downloads
Attached File(s)
File Type: mq4 TMA (1).mq4   8 KB | 812 downloads
Attached File(s)
File Type: ex4 MT4-LevelStop-Reverse-v2.ex4   8 KB | 707 downloads
Attached File(s)
File Type: mq4 MT4-LevelStop-Reverse-v2.mq4   16 KB | 809 downloads


Here is a picture of a typical trade. This method work well on 1/5min charts and even better on 5/15min charts but monitoring the trades is the difficult part. I hope someone can help me with it. OR, if something is not right and I am wrong with this, please let me know.

http://i41.tinypic.com/2w2hn6h.png

http://i42.tinypic.com/118oqj9.png

Thanks, jt
"Even if you fall down face first, you still went forward."
  • #2
  • Jul 11, 2013 7:22pm Jul 11, 2013 7:22pm
Anybody willing to help? Please?
"Even if you fall down face first, you still went forward."
  • #3
  • Jul 12, 2013 1:19am Jul 12, 2013 1:19am
Dear programmers ,Please note to this topic.
Please create an indicator of the above conditions,As Mr juicyt said.(
I think this is a better that indicator be in the histogram .
For example,if we have the sell signal indicator color red histogram.
Buy signal is generated when the color is blue.
I think it's would be best indicator for realize trend.
Best Regards,
Bamik
  • #4
  • Jul 12, 2013 2:20am Jul 12, 2013 2:20am
Quoting juicyt
Anybody willing to help? Please?
Please show your "unbeelievable" Strategy Test results, it might encourage someone to help.
20 pips a day isn't too much to ask . . .
  • #5
  • Jul 12, 2013 3:14am Jul 12, 2013 3:14am
I have tested this with a few different settings and that is the beauty of it, that you can still make it individual to yourself regarding time frames, pair traded, and stop placement. But, on 1 test I had 98% winners of 3 years of trades. I think on that test without compounding It averaged 300% growth per month.

jt
"Even if you fall down face first, you still went forward."
  • #6
  • Jul 12, 2013 4:48am Jul 12, 2013 4:48am
Quoting juicyt
I have tested this with a few different settings and that is the beauty of it, that you can still make it individual to yourself regarding time frames, pair traded, and stop placement. But, on 1 test I had 98% winners of 3 years of trades. I think on that test without compounding It averaged 300% growth per month. jt
OK, but aren't you going to show your results ? the report from the Strategy Tester runs ?
20 pips a day isn't too much to ask . . .
  • #7
  • Jul 12, 2013 5:40am Jul 12, 2013 5:40am
No, I did it all manually. I did make a huge video of me testing it but the file is so big that I can't do anything with it.
Raptor, do you think you could have a look at it yourself and just visually check over it? It should only take you a small amount of time to verify what I have written.

jt
"Even if you fall down face first, you still went forward."
  • #8
  • Jul 12, 2013 8:30am Jul 12, 2013 8:30am
Quoting juicyt
No, I did it all manually. I did make a huge video of me testing it but the file is so big that I can't do anything with it. Raptor, do you think you could have a look at it yourself and just visually check over it? It should only take you a small amount of time to verify what I have written. jt
Really sorry but I am very, very pushed for time just now . . .
20 pips a day isn't too much to ask . . .
  • #9
  • Jul 13, 2013 3:28am Jul 13, 2013 3:28am
Fair enough Raptor, well hopefully someone else can have a little go at this.

jt
"Even if you fall down face first, you still went forward."
  • #10
  • Edited 4:37am Jul 13, 2013 4:23am | Edited 4:37am
Exams are upcoming and I just have internet using my smartphone at the moment (the charts images are not even loading ). If no one else helped you until Monday evening you may send me a personal message and I will take a look into it.

The issue with indicator and EA requests is that once you offer your help at the forums for the next months you get bombarded with requests. People want to get a strategy programmed for them and after you put in a lot of work they tell you that they just wanted to try something out and they want a small modification or if you can add a little bit here and there. If you write me please have at least made a simple back test on your own to prove that this strategy can potentially be useful. I am not going to add or tweak 100 small things.
Right now in university we talk about requirement engineering. The computer is stupid and you have to tell him EXACTLY what it is supposed to do so please please write down a script with small instructions. What is it supposed to do? What is a cross? is it just when the value is higher or does it have to close above below it? does it have to be at least x pips above the band ? etc ....
For indicators this isn't as important but when it comes to EAs this is crucial. "we enter on Stop-Reverse signal " How is the money managment? What does mean we enter on Stop and Reverse signal? Does the candle have to be closed? etc etc etc. It may sound a little bit stupid but if you define clearly at the beginning what you want it just reduces the time a programmer has to work on a code by so much.
  • #11
  • Jul 13, 2013 4:54am Jul 13, 2013 4:54am
Thanks Kilian19,

I understand what you have written regarding all the details and will make sure all is in place. I appreciate your time and offer and hope it is absolutely worth it for you as well as me.

Regards, jt
"Even if you fall down face first, you still went forward."
  • #12
  • Jul 16, 2013 12:30pm Jul 16, 2013 12:30pm
Quoting juicyt
I am hoping someone can help me here because in my back test and live test, the results I get are almost unbelievable. No need to tell me that the indicator repaints and is useless, I know this and it still seems to do very well. This is the system. Using a TMA on the current TF and a TMA on the next higher TF, once the lower TF TMA crosses the outer band of the higher TF band(signalling a reverse trade setting up), then our Stop-Reverse indicator triggers us into the trade, we enter targeting the other side of the higher TF TMA band. Our stop should...
Excuse my ingnorance. Is the v2ex4 the EA? and v2mq4 the indicator? Because I would like to use Autostop v2 EA. For SL and TP.
  • #13
  • Last Post: Jul 17, 2013 8:41am Jul 17, 2013 8:41am
Quoting dforant1
{quote} Excuse my ingnorance. Is the v2ex4 the EA? and v2mq4 the indicator? Because I would like to use Autostop v2 EA. For SL and TP.

No they are same indicator,not EA.in two format.
You can modify mq4 format but you can't modify ex4 format.
Regards
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