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ATR Break Out

  • #61
  • Oct 25, 2015 7:21am Oct 25, 2015 7:21am
Quoting redrose
Hi .I have been reading your few ea's all looks good .Could you please add external parameters to have Minimum Lock profit = X Pips and once profit pips are locks so that we should not have some pips in profit better then loss. trailing should activate too say example I would say when in profit 20 Pips Minimum lock profit should be 2 pips and when we cross like 30 pips trailing should activate in step after minimum is lock . Just and idea to save your profit when in possitive .Thanks
Thank you redrose,

I can include break even stop, however Trailing Stop can achieve the same effect of BE, for now.

As for using pips, I prefer using ATR multiples instead of pips as :
1- range for each pair is different (and most probably we will have a multi-pair version in one EA later on)
2- position is calculated based on SL and Risk percentage, so Pips Value for each trade is not the same.

I prefer using an option to close at certain increase/decrease percentage in equity instead, what do you think ?
No guts, no glory
  • #62
  • Oct 25, 2015 7:27am Oct 25, 2015 7:27am
Gold was the biggest loser last week and cost ABO 15% loss (half of its returns).
Remember, I am trading all instruments with the same settings, which is not suitable for real life.
But looking at the Gold M30 chart traded by ABO, it will be hard to trade it even with different settings.

As I mentioned earlier, ABO is a trend following system, and it will suffer heavily in range market as we had with Gold last week.

Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM30.png Size: 72 KB
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  • #63
  • Oct 25, 2015 7:56am Oct 25, 2015 7:56am
First I would like to thank :
the members who had provided valuable feedback on their back and forward testing, specially : imifx , Kubiasty.
and
the members who expressed their views or requested modification on the EA, including damonl, Atokys , redrose.

However, I can see hundreds of EA downloads but with no input .

for example : Did anyone forward test on lower time frames (m1 or m5), scalping kind of technique ?
or on H4 for a more reliable break out ?
Exotic pairs ? ... etc.

I hope you can share your experience and thoughts about this EA, in order to continue the development.
No guts, no glory
  • #64
  • Oct 25, 2015 8:54am Oct 25, 2015 8:54am
Quoting abokwaik
Did anyone forward test on lower time frames (m1 or m5), scalping kind of technique?
Hi Khalil,
I am running ABO_05 on M5 charts of EU, UJ, AU, UC, AC, CJ, EG, EJ, Gold and UC. I'll post the results at the end of the next week here.

Best,
Math
Trading is the hardest way to make easy money...
  • #65
  • Oct 25, 2015 10:10am Oct 25, 2015 10:10am
Quoting MathTrader7
{quote} Hi Khalil, I am running ABO_05 on M5 charts of EU, UJ, AU, UC, AC, CJ, EG, EJ, Gold and UC. I'll post the results at the end of the next week here. Best, Math
Great MT7
No guts, no glory
  • #66
  • Oct 25, 2015 10:53am Oct 25, 2015 10:53am
Quoting abokwaik
First I would like to thank : the members who had provided valuable feedback on their back and forward testing, specially : imifx , Kubiasty. and the members who expressed their views or requested modification on the EA, including damonl, Atokys , redrose. However, I can see hundreds of...
I am thinking to test on H4 for crazy pairs like gbpnzd, eurnzd, usdzar, eursek
If you believe in yourself anything is possible !!
  • #67
  • Oct 25, 2015 11:16am Oct 25, 2015 11:16am
Hi Thanks for your quick response and reply . I agree with you as i can suggest use to use as percentage profit can be good too i am not so good in Atr as do not use much but i see many of your good ea's cant be ignored just need something like to protect profit against losses as sometime you can make profit but due to news you can loose money when atr might act slower then price action so here it can help you to be sure that you are safe and still have some profit to grow your equity .Just a suggestion from my past experience .Thanks
  • #68
  • Oct 25, 2015 11:26am Oct 25, 2015 11:26am
Quoting abokwaik
First I would like to thank : the members who had provided valuable feedback on their back and forward testing, specially : imifx , Kubiasty. and the members who expressed their views or requested modification on the EA, including damonl, Atokys , redrose. However, I can see hundreds of...
Hey abokwaik:

You will find that many people will not say anything, and just take it and run. I merely found the idea interesting, but did not actually download it myself at this time. Mainly, because I would not have time to give it the time it needs to give you proper feedback. If I did have the extra time, I most certain will in the future. I know that testing EA's can be an endless job without help, and so I hope that you get the feedback you are looking for. Taking on something else right now, would just spread me too thin. I hope that you can understand. Who knows.. things can also change really fast, sometimes
"Keep your eyes on the helpers" - Mr. Rogers
  • #69
  • Oct 25, 2015 11:47am Oct 25, 2015 11:47am
I am looking to start this Ea by next week on CFDS like DAX FTSE CAC HKI NIKKEI and will try to update the result and maximum support in coming week .With this logic i think another possible is to use Line fractal to do as trailing but with X pips break to confirm the breakout is not false breakout .Will try to collect some idea on trading breakouts .
  • #70
  • Oct 26, 2015 1:45am Oct 26, 2015 1:45am
ABO_05 : Update

- Bug : EA is opening orders only if total orders (per account) is less than max orders
- Fixed : EA will open orders only if total orders (per EA instance) is less than max orders

Sorry for any inconvenience ...
Attached File(s)
File Type: ex4 ABO_05.ex4   16 KB | 1,573 downloads
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  • #71
  • Oct 26, 2015 4:12am Oct 26, 2015 4:12am
Quoting abokwaik
ABO_05 : Update - Bug : EA is opening orders only if total orders (per account) is less than max orders - Fixed : EA will open orders only if total orders (per EA instance) is less than max orders Sorry for any inconvenience ... {file}
Hi Khalil,I have started forward testing on a new demo account. I will provide update as the trades progress. Can you please add breakeven option? BE+ x pips at a definable ATR level is a good alternative that you might consider.Cheers.
  • #72
  • Oct 26, 2015 4:22am Oct 26, 2015 4:22am
Quoting bishopdotun
{quote} Hi Khalil,I have started forward testing on a new demo account. I will provide update as the trades progress. Can you please add breakeven option? BE+ x pips at a definable ATR level is a good alternative that you might consider.Cheers.
OK.

Until BE is added you can use Trailing Stop instead.

Have a profitable week
No guts, no glory
  • #73
  • Oct 27, 2015 8:44am Oct 27, 2015 8:44am
i did tried on ENC account, sometimes the Pending order will be execute at 40 pips diff (because of news)... should we incorporate news filter and enter at market order instead placing PO


thanks
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  • #74
  • Oct 27, 2015 4:11pm Oct 27, 2015 4:11pm
http://www.forexfactory.com/imifx#acct.88

21% gain one week.......
If you believe in yourself anything is possible !!
  • #75
  • Oct 28, 2015 12:32am Oct 28, 2015 12:32am
Quoting imifx
http://www.forexfactory.com/imifx#acct.88 21% gain one week.......


Again Euro is doing great and Gold is a looser.
No guts, no glory
  • #76
  • Oct 28, 2015 12:57am Oct 28, 2015 12:57am
This is an EA that will close all account orders at certain profit % or amount.

Inputs :

Profit to Equity = 0.15 (15%) , to Disable set to 0
Profit Amount = 1500, to Disable set to 0

This EA should be used on a separate chart (one chart).
I will be using this along with ABO for now.
Attached File(s)
File Type: ex4 close_at_profit.ex4   8 KB | 658 downloads
No guts, no glory
  • #77
  • Oct 28, 2015 1:41am Oct 28, 2015 1:41am
hi Abokwaik,
I made some tests on ABO05 and it seems Macd histo and Rsi options don't work correctly. In fact, the target is to let Ea send buy order only when Macd histo is >0 AND Rsi is getting out of oversold zone (<30 last bar and >30 current bar closed) Vice versa for sell order (macs histo <0 AND Rsi out of overbought zone (>70 last bar and <70 current closed bar). So this is cumulative conditions...
I hope this is more clear now,
Thanks for yours corrections.
Tof
Enter Signature
  • #78
  • Oct 28, 2015 2:01am Oct 28, 2015 2:01am
Quoting auvergnat78
hi Abokwaik, I made some tests on ABO05 and it seems Macd histo and Rsi options don't work correctly. In fact, the target is to let Ea send buy order only when Macd histo is >0 AND Rsi is getting out of oversold zone (<30 last bar and >30 current bar closed) Vice versa for sell order (macs histo <0 AND Rsi out of overbought zone (>70 last bar and <70 current closed bar). So this is cumulative conditions... I hope this is more clear now, Thanks for yours corrections. Tof
Hi auvergnat,

Nice to see you here

Currently MACD and RSI filters apply to placing pending orders as follows:
- MACD > 0 for buy stop, and < 0 for sell stop
- RSI > 50 and <70 for buy stop, and RSI < 50 and > 30 for sell stop.

So MACD agrees with your requirement, but RSI doesn't.

If we limit RSI to only cross of 30 or 70 levels, I think we will have very few signals.

One IMPORTANT thing to clarify regrading the MACD and RSI filters :
When you suggested these filters, did you mean for placing PENDING Orders or MARKET Orders ?
No guts, no glory
  • #79
  • Oct 28, 2015 2:10am Oct 28, 2015 2:10am
Would it be reasonable to apply RSI and/or MACD on time frames higher than the traded time frame ?

For example :

ABO is attached to M15 chart, and will place buy orders only of RSI on Daily is > 50 and/or MACD on Daily > 0.
No guts, no glory
  • #80
  • Oct 28, 2015 3:14am Oct 28, 2015 3:14am
Hi I tried for three days on demo account on dax it says invalid stoploss or tp can you post get the mq4 so can add something for cfds after monitoring
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