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ATR Break Out

  • #261
  • Nov 11, 2015 10:01am Nov 11, 2015 10:01am
Quoting imifx
{quote} Frnd I changed the TF in between while dong forward testing, i have msgd u my current tf and setting.
Hi imifx, would you like share your current time frame and the setting I am using the aggressive mode but consecutive loser at all.
  • #262
  • Nov 11, 2015 10:09am Nov 11, 2015 10:09am
Quoting redrose
Hi I started the test today on cfds but their is error could you fix it at it can not open position as it says invalid stopploss and take profit , another problem i need it to calculate with lst 2 digits to be round figure like .10,.20,.30,.40 etc it can not be .012.024 last digit has to be zero so then it will open position on cfds index could you please fix the v 5 last version to fix this problem.Thanks
I am not able to reply back to your msg, your FF setting not allowing to send u msg.
If you believe in yourself anything is possible !!
  • #263
  • Nov 11, 2015 10:12am Nov 11, 2015 10:12am
Setting - Aggressive

TF and pairs see the screen shot below

http://prntscr.com/90sfcu

I am using EA to close trades at 10% profit............


PS. Market condition not good for breakout that's why happening some losses, wait for right time.
If you believe in yourself anything is possible !!
  • #264
  • Nov 11, 2015 10:18am Nov 11, 2015 10:18am
Quoting imifx
Setting - Aggressive TF and pairs see the screen shot below http://prntscr.com/90sfcu I am using EA to close trades at 10% profit............ PS. Market condition not good for breakout that's why happening some losses, wait for right time.
Hey imifx, your trade explorer is back. That's great.
No guts, no glory
  • #265
  • Nov 11, 2015 10:57am Nov 11, 2015 10:57am
Quoting abokwaik
{quote} Hey imifx, your trade explorer is back. That's great.
great
If you believe in yourself anything is possible !!
  • #266
  • Nov 11, 2015 10:57am Nov 11, 2015 10:57am
Dear abokwaik;
some users using another ea for closing orders when reach %10-15 profit. What is your suggestion for closing orders should we use another ea or wait the ABO_05.ex4 ea close these orders. Because my GBPUSD buy order reached +70 pips and still growing but order SL point did not changed since it opened. I thing may be problem with SL or Trail Stop features.

Thank You
  • #267
  • Edited 11:40am Nov 11, 2015 11:12am | Edited 11:40am
Quoting enemmutlu
Dear abokwaik; some users using another ea for closing orders when reach %10-15 profit. What is your suggestion for closing orders should we use another ea or wait the ABO_05.ex4 ea close these orders. Because my GBPUSD buy order reached +70 pips and still growing but order SL point did not changed since it opened. I thing may be problem with SL or Trail Stop features. Thank You
Using the separate EA for profit taking is suitable for short - term trading (specially news trading). While letting ABO on its own would be suitable for long - term trading specially on higher timeframes with large trailing stop.

There is no problem with trailing stop. It depends on how you set it up. for example if your are using H1, and SL ATR multiples = 3, and H1 ATR = 35 pips, it will move stop loss after 3 x 35 = 105 pips in profit. and so on.
No guts, no glory
  • #268
  • Nov 11, 2015 12:05pm Nov 11, 2015 12:05pm
Quoting abokwaik
{quote} Using the separate EA for profit taking is suitable for short - term trading (specially news trading). While letting ABO on its own would be suitable for long - term trading specially on higher timeframes with large trailing stop. There is no problem with trailing stop. It depends on how you set it up. for example if your are using H1, and SL ATR multiples = 3, and H1 ATR = 35 pips, it will move stop loss after 3 x 35 = 105 pips in profit. and so on.
in starting i was not using separate EA for profit taking.

Let the EA to build equity and later use any safe method to secure profit.
If you believe in yourself anything is possible !!
  • #269
  • Nov 11, 2015 1:22pm Nov 11, 2015 1:22pm
Hey, I found this ATR Channel indicator on the MQL4 Codebase. I just wanted to get a visual of when a trade's supposed to happen. Thought I'd share it here in case anyone else was interested.

Abo, have you determined if the EA closes all pending orders after trading stomp time?
Attached File(s)
File Type: mq4 ATR_Channels.mq4   5 KB | 756 downloads
  • #270
  • Nov 11, 2015 3:33pm Nov 11, 2015 3:33pm
Dear abokwaik;
Above this thread you are serving your FXDD account, are you using M15 TF or H1 TF? Because EURUSD and GBPUSD very profitable i'm trying to same think that you did.

Thank you.
  • #271
  • Nov 13, 2015 9:42am Nov 13, 2015 9:42am
There is no answer?
  • #272
  • Nov 13, 2015 10:17am Nov 13, 2015 10:17am
Quoting enemmutlu
Dear abokwaik; Above this thread you are serving your FXDD account, are you using M15 TF or H1 TF? Because EURUSD and GBPUSD very profitable i'm trying to same think that you did. Thank you.
Sine Wednesday I am testing it on M30. Before it was on M15.
No guts, no glory
  • #273
  • Nov 14, 2015 4:40am Nov 14, 2015 4:40am
Quoting abokwaik
One more idea came to me last night : Focus on one pair, Attach the EA to multiple time frames for the same pair (use different Magic Numbers), lets say M5, M15, H1, H4 (with different ATR multiplier settings suitable for each time frame, e.g 3 on M5, 2.5 on M15, 2 on H1, 1.5 on H4) The break out will first hit M5, if Valid, it will continue to M15, if valid it will continue to H1 ... and so on. (Chain Reaction).
Hi Abokwaik

I test your idea
Only i changed the ATR Breakout Multiplier for M5-3.0, M15-2.5, H1-2.0 and H4-1.5
Only two Currency EUR/USD GBP/USD

Here the tradeexplorer from the last 2 days

ATR BREAKOUT MT-5-240-AB-1.5-3.0

Attached Image (click to enlarge)
Click to Enlarge Name: Image 3.jpg Size: 211 KB


best wishes

Central4
Regard Central4
  • #274
  • Nov 14, 2015 7:29am Nov 14, 2015 7:29am
Quoting Central4
{quote} Hi Abokwaik I test your idea Only i changed the ATR Breakout Multiplier for M5-3.0, M15-2.5, H1-2.0 and H4-1.5 Only two Currency EUR/USD GBP/USD Here the tradeexplorer from the last 2 days ATR BREAKOUT MT-5-240-AB-1.5-3.0 {image} best wishes Central4
Thank you Central,

I had elaborated more on this testing in post # 172.

So my questions are :
- Did you perform the test during red news on these specif currencies.?
- Did use a separate EA to close after reaching certain profit (or closed manually), OR left ABO running as per the settings (TP,SL)?
No guts, no glory
  • #275
  • Nov 14, 2015 12:07pm Nov 14, 2015 12:07pm
Quoting abokwaik
{quote} Thank you Central, I had elaborated more on this testing in post # 172. So my questions are : - Did you perform the test during red news on these specif currencies.? - Did use a separate EA to close after reaching certain profit (or closed manually), OR left ABO running as per the settings (TP,SL)?
Hi Abokwaik

I have perform this test 24 hours with red news. especially in red news it work very well.

For close i use your close at profit ea with 10% equity close only at friday i closed the trades after london session manually.

Thank you
Regard Central4
  • #276
  • Nov 16, 2015 5:34am Nov 16, 2015 5:34am
Hi abokwaik
My request to have version 5 to be fixed to calculate position on last digit to be round figure to open buy sell as ,when last digit is not round figure at claims error to open position on index ,could you please fix this so can test on demo as would like to test few countries as basket .Thanks .
  • #277
  • Nov 16, 2015 10:37am Nov 16, 2015 10:37am
Quoting redrose
Hi abokwaik My request to have version 5 to be fixed to calculate position on last digit to be round figure to open buy sell as ,when last digit is not round figure at claims error to open position on index ,could you please fix this so can test on demo as would like to test few countries as basket .Thanks .
This EA works very well on 5 digits brokers.
if there is market there will be opportunities
  • #278
  • Nov 18, 2015 12:49am Nov 18, 2015 12:49am
Hi abokwaik
Could you please fix the request of post 276 as it is not opening on some index so result is not good So can test further because if can not fix the bug it will not open and close on equity properly Thanks
  • #279
  • Nov 18, 2015 9:23pm Nov 18, 2015 9:23pm
Hi have you stopped this ea can i get the mql the source code so i can fix the bugs as i like this ea for index just need to fix the bug and add something for profit taking etc.. or you can fix as my request .Thanks
  • #280
  • Nov 18, 2015 10:43pm Nov 18, 2015 10:43pm
Quoting redrose
Hi abokwaik My request to have version 5 to be fixed to calculate position on last digit to be round figure to open buy sell as ,when last digit is not round figure at claims error to open position on index ,could you please fix this so can test on demo as would like to test few countries as basket .Thanks .
Hi redrose,

Why don't you use Fixed Lot Size input instead of auto position size calculation ?

Please try and let me know how it goes.

Thanks.
No guts, no glory
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