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ATR Break Out

  • #161
  • Nov 3, 2015 5:10am Nov 3, 2015 5:10am
hello abokwaik, I have seen in your TE that there is so many orders opens are you using different time frame? My TE did not open any today and GU and EG from yesterday.
if there is market there will be opportunities
  • #162
  • Nov 3, 2015 5:15am Nov 3, 2015 5:15am
Quoting StOoOk
hello abokwaik, I have seen in your TE that there is so many orders opens are you using different time frame? My TE did not open any today and GU and EG from yesterday.

I am using M15 since last week, with 3 max orders.

We are in a testing phase so I am trying different setups.
No guts, no glory
  • #163
  • Nov 3, 2015 6:56am Nov 3, 2015 6:56am
Quoting abokwaik
{quote} I am using M15 since last week, with 3 max orders. We are in a testing phase so I am trying different setups.
wow great set up. do you use aggressive settings?
if there is market there will be opportunities
  • #164
  • Nov 3, 2015 7:01am Nov 3, 2015 7:01am
ABO back on track, after yesterday's choppy market.
I set close_at_profit @ $3,000. And had just close all open positions.
No guts, no glory
  • #165
  • Nov 3, 2015 7:09am Nov 3, 2015 7:09am
Quoting StOoOk
{quote} wow great set up. do you use aggressive settings?
Not Exactly.

This is the setup I used since yesterday, on M15. Dangerous in Ranging markets though.

Attached Image (click to enlarge)
Click to Enlarge Name: ABO_05_No_Filters.PNG Size: 40 KB


Exact Settings on all these pairs:

Attached Image (click to enlarge)
Click to Enlarge Name: ABO_05_No_Filters_PAIRS.PNG Size: 4 KB
No guts, no glory
  • #166
  • Nov 3, 2015 10:39am Nov 3, 2015 10:39am
Quoting abokwaik
{quote} Not Exactly. This is the setup I used since yesterday, on M15. Dangerous in Ranging markets though. {image} Exact Settings on all these pairs: {image}

when we will get this new release?
Sign Off --->
  • #167
  • Nov 3, 2015 9:17pm Nov 3, 2015 9:17pm
[quote = abokwaik; 8572385] Ide o aktualizácie close_at_profit EA, vytvorené skôr. Niektorí členovia ohlásil chýb, ale nemohol som to chytiť v tej dobe. Opravil som podobný problém zvýšený na inom vlákne, a aplikuje rovnaké riešenie ju. Takže táto verzia EA by mal byť schopný zatvoriť všetky objednávky bez problémov. Všetko najlepšie {file} [/ quote]
I would welcome closer, which has only one variable = account balance. After reaching this state enters the default profile.
Please excuse the bad English via Google Translate.
  • #168
  • Nov 3, 2015 9:33pm Nov 3, 2015 9:33pm
Quoting wswi
{quote} when we will get this new release?
It is not a new release. I just removed the filters, which you already can disable them, resulting the same functionality. I didn't even change the version.
Here it is.
Attached File(s)
File Type: ex4 ABO_05.ex4   13 KB | 514 downloads
No guts, no glory
  • #169
  • Nov 3, 2015 10:11pm Nov 3, 2015 10:11pm
Few Comments about ATR Break Out System:

 

  1. Depending on which time frame you deploy ABO on, and which settings you use, the system can serve:

    1. Scalping
    2. Swing Trading
    3. Medium to Long Term Trading.

  2. Due to false break outs the system will suffer many small consecutive losses in a ranging market
  3. When the system catches a valid break out, it can compensate for all previous small losses, plus profit.
  4. When Max Orders is used, the system can compound positions. Currently in both directions based on signals (I am studying this and might add an option to trade in one direction until stopped or closed at profit)


Trades on USDCAD, this week (Monday and Tuesday):

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 69 KB
No guts, no glory
  • #170
  • Nov 3, 2015 10:13pm Nov 3, 2015 10:13pm
Hi Mate, do you are using 15 mins tf instead of 1 hour anymore?
  • #171
  • Nov 3, 2015 10:23pm Nov 3, 2015 10:23pm
is it possible to put all currency's in one EA so instead of attaching each time on each chart we can attached it in one chart let say m15 and we set all parameters then the EA reads all charts based on M15 or H1 depending on the first chart. And also we can defined the currencies. This come up in my mind. Thanks
if there is market there will be opportunities
  • #172
  • Nov 3, 2015 10:30pm Nov 3, 2015 10:30pm
Quoting keziahpie
Hi Mate, do you are using 15 mins tf instead of 1 hour anymore?

Yes, I am using M15. This will allow for more trades, although a bit risky because of more fake signals.

The system allows for different trading scenarios as I highlighted before.

It would be nice if each tester used different settings in order to better evaluate the performance of the EA.

One testing approach I highlighted before regarding hot news trading, I don't know if any one tried it yet.
It goes as follows:
1. Pick the pair that you think will be most affected by the news.
2. Disable Auto Trading.
3. Setup the EA on M5, M15,M30 chart for that pair, with max orders 3 or more.
3. Attach the close_at_profit EA on another chart, with set profit target.
3. Activate Trading.

We have Red news on GBP within 3 hours from now. If I am available at that time I will try it.
No guts, no glory
  • #173
  • Nov 3, 2015 10:31pm Nov 3, 2015 10:31pm
Quoting StOoOk
is it possible to put all currency's in one EA so instead of attaching each time on each chart we can attached it in one chart let say m15 and we set all parameters then the EA reads all charts based on M15 or H1 depending on the first chart. And also we can defined the currencies. This come up in my mind. Thanks
It came up to my mind also, StOoOk, and I will do it.
No guts, no glory
  • #174
  • Nov 3, 2015 10:54pm Nov 3, 2015 10:54pm
Quoting abokwaik
{quote} It came up to my mind also, StOoOk, and I will do it.
Thanks abokwaik
if there is market there will be opportunities
  • #175
  • Nov 4, 2015 6:36am Nov 4, 2015 6:36am
Thx for this great EA. Testing it in 5 min and getting good results with the following set:

My history tick data is not top notch, but seems good on GU, EU, AU, AJ, EJ, EG, so far...
Attached Image (click to enlarge)
Click to Enlarge Name: abo set.JPG Size: 64 KB
  • #176
  • Nov 4, 2015 6:59am Nov 4, 2015 6:59am
Quoting pd9000
Thx for this great EA. Testing it in 5 min and getting good results with the following set: My history tick data is not top notch, but seems good on GU, EU, AU, AJ, EJ, EG, so far... {image}
You're Welcome pd9000,

One note about your settings is that Trailing Stop is small compared to Break Out and ultimate Take Profit. I prefer Trailing stop to be at least equal to Break Out, if not more, specially on small time frames like M5.


All the best.
No guts, no glory
  • #177
  • Nov 4, 2015 7:07am Nov 4, 2015 7:07am
Hi Update live account on ICmarket started 50$ last week now -39$ nearly marjin call let us see how it will recover on 15 M setup same as post 94 with same currencies etc.. Pforit 10% ea attatched one week nearly finish on live account .So will see if it can recover but looks need more improvement .will update again tomorrow .
  • #178
  • Nov 4, 2015 7:13am Nov 4, 2015 7:13am
Quoting abokwaik
{quote} You're Welcome pd9000, One note about your settings is that Trailing Stop is small compared to Break Out and ultimate Take Profit. I prefer Trailing stop to be at least equal to Break Out, if not more, specially on small time frames like M5. All the best.
More often than not I would agree, and you most likely you're right. Still my testing gives me slightly more profit and less DD with a somewhat tight TS. The reason beeing that a small trailing stop will of course more often close positions in the money. A break even stop as an addition could perhaps secure more positions, and still give them the necessary ropes to run as far as possible.

Again, great work
  • #179
  • Nov 4, 2015 8:07am Nov 4, 2015 8:07am
today i have set new account and trade all Currency exept CHF pairs. M15 and risk is 3% with abokwik settings for M15 http://www.forexfactory.com/stoook#acct.33

account went up to 10% in 5 hours and close manually to with profit 8%.


aboKwaik, I have realized that close at profit des not work proparly meaning if the start balance is let say 1000 and you have set the take profit to $100 and some of Currencies hit SL and the balance went to $900 after hitting 100$ it will close all position which is $1000 again. i think each time the balance going down the ea looks to the new balance not the initial balance.

Thanks
if there is market there will be opportunities
  • #180
  • Nov 4, 2015 8:32am Nov 4, 2015 8:32am
Quoting StOoOk
today i have set new account and trade all Currency exept CHF pairs. M15 and risk is 3% with abokwik settings for M15 http://www.forexfactory.com/stoook#acct.33 account went up to 10% in 5 hours and close manually to with profit 8%. aboKwaik, I have realized that close at profit des not work proparly meaning if the start balance is let say 1000 and you have set the take profit to $100 and some of Currencies hit SL and the balance went to $900 after hitting 100$ it will close all position which is $1000 again. i think each time the balance...
You are absolutely right.

One solution I can think of right now is to close all positions when Equity reaches a specific amount in money.
Another solution would be to not set a Stop Loss, and add a close at a Loss Amount or a Loss Percentage on the close_at_profit EA, or as part of ABO itself.

I will try to include these as options in next version.

I really appreciate your comments StOoOk
No guts, no glory
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