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The gg53 "Killing Zone"

  • #2,001
  • Oct 20, 2013 4:25pm Oct 20, 2013 4:25pm
I hope I am not driving you crazy and I know how hard it is to make an EA do what we would do trading live. As is it still loses money. The SL is too tight and the trailing Stop is so close it triggers too early so you can't ride the winners.

EDIT. Not sure what I was thinking on the second PIP when I typed "abr" was too large. I meant "candle"
Attached Image(s) (click to enlarge)
Click to Enlarge Name: signal 4 and 5.jpg Size: 219 KB
Click to Enlarge Name: signals 2 and 3.jpg Size: 253 KB
Click to Enlarge Name: trade 1 signal skipped.jpg Size: 232 KB
  • #2,002
  • Oct 20, 2013 4:38pm Oct 20, 2013 4:38pm
Quoting Dewey McG
I hope I am not driving you crazy and I know how hard it is to make an EA do what we would do trading live. As is it still loses money. The SL is too tight and the trailing Stop is so close it triggers too early so you can't ride the winners. EDIT. Not sure what I was thinking on the second PIP when I typed "abr" was too large. I meant "candle" {image} {image} {image}
You are not driving me crazy you are actually helping me a lot since I don't have time trying out everything myself. If I remember correctly the trailing distance can be set manually. I will probably implement the last swing sl distance tomorrow. For now you can increase the SL_Threshold for testing purpose.

regarding the 2nd picture would you take the next trade in the other direction?

3rd picture: I will see if I can find an appropriate logic for that
  • #2,003
  • Oct 20, 2013 4:51pm Oct 20, 2013 4:51pm
Quoting Kilian19
{quote} regarding the 2nd picture would you take the next trade in the other direction?
I would give the user the option to take a 2nd trade if the GAdi_OBV crosses back over the other side of the channel. However, I would count "no trade signals" as the first trade. For example, if the first signal is a buy but the candle is too large so you pass, only look for one more trade if it is a sell signal.
  • #2,004
  • Oct 20, 2013 5:00pm Oct 20, 2013 5:00pm
Hello Guys,

Cool find a topic as good as this and it really has a TS that running smoothly.
  • #2,005
  • Oct 21, 2013 9:48am Oct 21, 2013 9:48am
GG53,

Have you experimented with Candle trailing stops? The original SL (H/L of previous swing on Volume) seems to be a solid choice. However, the quick setting of the trailing stop and BE seem to cut short a lot of profitable trades.

Also, how many trades are you taking via your two methods in an average day/week. What kind of %risk are you using per trade?
  • #2,006
  • Oct 22, 2013 2:14am Oct 22, 2013 2:14am
Not going to be trading today because of NFP. I hope everyone else will play it safe and wait until tomorrow.
  • #2,007
  • Oct 22, 2013 6:03am Oct 22, 2013 6:03am
Quoting panamamike
GG53, Have you experimented with Candle trailing stops? The original SL (H/L of previous swing on Volume) seems to be a solid choice. However, the quick setting of the trailing stop and BE seem to cut short a lot of profitable trades. Also, how many trades are you taking via your two methods in an average day/week. What kind of %risk are you using per trade?
panamamike,

The SL is indeed solid (H/L of previous swing on Volume).
Trailing Stop is indeed sometimes too short... It will protect you against loss (BE) - but misses a lot of the "juice" in potential pips.
In manual trading the TS is depended on the currency pair. It's difficult to implement in auto-trading.
It's also difficult to set it as a proportional value from SL - because many times the SL is very short.

For the purpose of testing the EA - just close each trade at 1 pip net profit (after expenses, spread, etc.).
This will give you a percentage of potential profit trades. After establishing that and perfecting the EA - we can take it to the next level, i.e. Maximizing the profits in pips also.

Any suggestions on protection/exit strategy is more than welcome.

G.
  • #2,008
  • Oct 22, 2013 10:46am Oct 22, 2013 10:46am
how about implementing an ATR based TS into the EA?

Quoting gg53
{quote} panamamike, The SL is indeed solid (H/L of previous swing on Volume). Trailing Stop is indeed sometimes too short... It will protect you against loss (BE) - but misses a lot of the "juice" in potential pips. In manual trading the TS is depended on the currency pair. It's difficult to implement in auto-trading. It's also difficult to set it as a proportional value from SL - because many times the SL is very short. For the purpose of testing the EA - just close each trade at 1 pip net profit (after expenses, spread, etc.). This will give...
  • #2,009
  • Oct 22, 2013 12:10pm Oct 22, 2013 12:10pm
Quoting blamshakk
how about implementing an ATR based TS into the EA? {quote}
blamshakk,

Please try it on previous breakouts and suggest specifics.
Thanks!

G.
  • #2,010
  • Oct 22, 2013 12:11pm Oct 22, 2013 12:11pm
Wow !!
Just noticed that we are now more than 100 pages long...

G.
  • #2,011
  • Oct 22, 2013 1:37pm Oct 22, 2013 1:37pm
. . . and more than a year, well done boss
Humble & Kalcker CLO2 = Covid killer
  • #2,012
  • Oct 22, 2013 2:17pm Oct 22, 2013 2:17pm
I won't have much time during the next few weeks so I decided to make the EA open source.
I get asked to add so many features with on and off buttons that the code starts to lock unstructured.


If we have a well defined set of rules (or what you want to have changed) I will take a look at it again.

New Features in this version ....

ManualSL if ture the orders will have a fixed sl and tp
extern int tp = 50;
extern int sl = 25;
extern bool Move_Sl_To_Be = true;
extern double Move_SL_To_BE = 70; if true move sl to break even after x piepettes in profit
extern bool TrailingStop = true; enable ot disable trailingstop. Trailingstop currently only works if the SL has been set to BE before!
Attached File(s)
File Type: mq4 Asian Breakout (gg) Source.mq4   9 KB | 660 downloads
  • #2,013
  • Oct 22, 2013 2:24pm Oct 22, 2013 2:24pm
Quoting Kilian19
I won't have much time during the next few weeks so I decided to make the EA open source. I get asked to add so many features with on and off buttons that the code starts to lock unstructured. If we have a well defined set of rules (or what you want to have changed) I will take a look at it again. New Features in this version .... ManualSL if ture the orders will have a fixed sl and tp extern int tp = 50; extern int sl = 25; extern bool Move_Sl_To_Be = true; extern double Move_SL_To_BE = 70; if true move sl to break even after x piepettes in profit...
Thanks! This gives me plenty to start testing with
  • #2,014
  • Oct 22, 2013 10:27pm Oct 22, 2013 10:27pm
Quoting gg53
Wow !! Just noticed that we are now more than 100 pages long... G.
[highlight=rgba(255, 255, 255, 0)]​[/highlight]
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,015
  • Oct 23, 2013 1:21am Oct 23, 2013 1:21am
News caused some big moves on the AUSUSD (as well as the NZDUSD and USDJPY). No trade for any of these. Let's hope the EU and a few others can provide some opportunities
Attached Image (click to enlarge)
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  • #2,016
  • Oct 23, 2013 1:35am Oct 23, 2013 1:35am
Weird so far. No trade on the GBPUSD either because the entry candle is too large
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_fxm15 oct 23 no trade.jpg Size: 274 KB
  • #2,017
  • Oct 23, 2013 1:53am Oct 23, 2013 1:53am
Quoting Dewey McG
Weird so far. No trade on the GBPUSD either because the entry candle is too large {image}
Thank you GG and Dewey for this fabulous thread and information.
My broker is FXPro and Gadi Tickvolume looks slight different. My understanding is this is a broker dependency (tick volume difference between brokers) and won't really affect the breakout trading. Please correct me if I am wrong. Thanks.

Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-10-23 at 15.42.09.png Size: 31 KB
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #2,018
  • Oct 23, 2013 2:20am Oct 23, 2013 2:20am
Quoting Kilian19
I won't have much time during the next few weeks so I decided to make the EA open source. I get asked to add so many features with on and off buttons that the code starts to lock unstructured. If we have a well defined set of rules (or what you want to have changed) I will take a look at it again. New Features in this version .... ManualSL if ture the orders will have a fixed sl and tp extern int tp = 50; extern int sl = 25; extern bool Move_Sl_To_Be = true; extern double Move_SL_To_BE = 70; if true move sl to break even after x piepettes in profit...

Hi Kilian thanks for the EA - here is something I noticed - I have set the start and end of channels and at the moment, the time is actually within the trading period (According to the settings). Yet the EA displays "No Trade Day Or Time"

Attached Image
  • #2,019
  • Oct 23, 2013 2:26am Oct 23, 2013 2:26am
Quoting heispark
{quote} Thank you GG and Dewey for this fabulous thread and information. My broker is FXPro and Gadi Tickvolume looks slight different. My understanding is this is a broker dependency (tick volume difference between brokers) and won't really affect the breakout trading. Please correct me if I am wrong. Thanks. {image}

You are correct--it will vary by broker. If you see a big difference on one versus most others then I would not use that one
  • #2,020
  • Oct 23, 2013 2:48am Oct 23, 2013 2:48am
Quoting Dewey McG
{quote} You are correct--it will vary by broker. If you see a big difference on one versus most others then I would not use that one
Thank you for your feedback. I think since ECN brokers send more tick data, they would generally give more accurate signal.....
Simplicity is the ultimate sophistication - Leonardo da Vinci
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