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ATR Break Out

  • #301
  • Nov 25, 2015 9:00am Nov 25, 2015 9:00am
Quoting abokwaik
{quote} Done. {file}
wow, many thanks
If you believe in yourself anything is possible !!
  • #302
  • Nov 25, 2015 9:00am Nov 25, 2015 9:00am
Quoting abokwaik
After taking a deeper look at the ATR_Channel indicator, its a bit different from what I want, as it uses MA to draw the channel instead of current price, it also uses multiple channels instead of one channel. So here is a new indicator that uses the same concept of ABO EA, with the addition of a Higher time frame trend filter (using MA - default daily EMA34). It will show Buy/Sell Signals with optional alert. Currently for one pair/tf. {file}
Thank you!
  • #303
  • Nov 25, 2015 11:29am Nov 25, 2015 11:29am
Quoting abokwaik
After taking a deeper look at the ATR_Channel indicator, its a bit different from what I want, as it uses MA to draw the channel instead of current price, it also uses multiple channels instead of one channel. So here is a new indicator that uses the same concept of ABO EA, with the addition of a Higher time frame trend filter (using MA - default daily EMA34). It will show Buy/Sell Signals with optional alert. Currently for one pair/tf. {file}
I already checked few pairs visually so far and still doing atm with higher tf filter. It's filtering out quite a lot counter trend and looks like it will improve EA result dramatically with less trades and DD. I totally agree with timmy for going with Trend so if possible can we have two tfs filter like father & grandfather you did with stoch ea please if you could.
Be Greedy
Dices Return This Week: na
  • #304
  • Nov 29, 2015 11:09am Nov 29, 2015 11:09am
Hello Abokwaik
I want to know the expert is adjustable to 5 decimal places?
Please help me.
Thank you.
  • #305
  • Nov 30, 2015 7:03am Nov 30, 2015 7:03am
Hi all,
This EA has been working well so far. Thanks to the originator. I would like to know whether the buy sell orders created have trailing SL and TP?

Thanks
Haemdoc
  • #306
  • Nov 30, 2015 10:22pm Nov 30, 2015 10:22pm
Hi Abokwaik
Could you please fix the version 06 to have trailing stoploss , TP , SL to be rounded decimal point same as you did for last version and can you add MA as trend filter and time frame for ema to be :true /False . thanks
  • #307
  • Dec 1, 2015 1:42pm Dec 1, 2015 1:42pm
Testing with new setting with latest EA and closed profit of $800
If you believe in yourself anything is possible !!
  • #308
  • Dec 1, 2015 5:57pm Dec 1, 2015 5:57pm
Quoting imifx
Testing with new setting with latest EA and closed profit of $800
Hi,
what time frame, currency pairs and settings you are using?
  • #309
  • Dec 3, 2015 12:38pm Dec 3, 2015 12:38pm
Quoting imifx
Testing with new setting with latest EA and closed profit of $800
HI imifx,

Are these new settings and latest EA results been appended to the currrent Trade explorer, or they are applied to different account ?
  • #310
  • Dec 3, 2015 1:55pm Dec 3, 2015 1:55pm
Quoting elogik
{quote} HI imifx, Are these new settings and latest EA results been appended to the currrent Trade explorer, or they are applied to different account ?
Current trade explorer
If you believe in yourself anything is possible !!
  • #311
  • Dec 3, 2015 1:56pm Dec 3, 2015 1:56pm
Quoting radadiya
{quote} Hi, what time frame, currency pairs and settings you are using?
I am using M30 time frame for all pairs
If you believe in yourself anything is possible !!
  • #312
  • Dec 3, 2015 9:43pm Dec 3, 2015 9:43pm
hi : imifx
what settings for 30 M you are using .
  • #313
  • Dec 4, 2015 3:00am Dec 4, 2015 3:00am
Quoting imifx
{quote} Current trade explorer
thx. for reply
  • #314
  • Dec 16, 2015 7:05am Dec 16, 2015 7:05am
Just wonder, Do you have any plan for further development of this EA ? As few people asked for MAs as Trend filter.
Be Greedy
Dices Return This Week: na
  • #315
  • Dec 24, 2015 1:36am Dec 24, 2015 1:36am
Quoting AKCodingEye
Just wonder, Do you have any plan for further development of this EA ? As few people asked for MAs as Trend filter.
Yes AK,

The problem is (as always), I have too many ideas to test out and very limited time (especially with my new job).

I hope that you and the other members don't mind me using FF as a storage place for publishing these ideas as my time permits.

My ultimate goal is to build a Hybrid Auto-trader implementing the most successful and diverse robots.

All the best,

Khalil
No guts, no glory
  • #316
  • Dec 24, 2015 4:03am Dec 24, 2015 4:03am
Quoting abokwaik
{quote} Yes AK, The problem is (as always), I have too many ideas to test out and very limited time (especially with my new job). I hope that you and the other members don't mind me using FF as a storage place for publishing these ideas as my time permits. My ultimate goal is to build a Hybrid Auto-trader implementing the most successful and diverse robots. All the best, Khalil
Hi Khalik,
All the best for your ultimate goal of developing new hybrid robot.
  • #317
  • Dec 27, 2015 5:33am Dec 27, 2015 5:33am
Quoting abokwaik
{quote} Yes AK, The problem is (as always), I have too many ideas to test out and very limited time (especially with my new job). I hope that you and the other members don't mind me using FF as a storage place for publishing these ideas as my time permits. My ultimate goal is to build a Hybrid Auto-trader implementing the most successful and diverse robots. All the best, Khalil
Hi Khalil,

I wish you all the best for such endeavors!
Since Frank Sinatra sings in his own way, my chart sing... I did it, my way
  • #318
  • Dec 27, 2015 8:50am Dec 27, 2015 8:50am
Quoting abokwaik
{quote} Yes AK, The problem is (as always), I have too many ideas to test out and very limited time (especially with my new job). I hope that you and the other members don't mind me using FF as a storage place for publishing these ideas as my time permits. My ultimate goal is to build a Hybrid Auto-trader implementing the most successful and diverse robots. All the best, Khalil

On the subject of calculating the ATR value, I would like to suggest a more robust method. I believe calculating the ATR based on lower time frames results in erratic values, specially after some big news. When this happens you have a huge ranged bar, and this bar distorts the ATR value until it disappears from the averaging period. Than of course you start having lower ATR values because of the lower volatility which comes sometime after the big news.

To smooth this effect my suggestion would be as follows:

ATRforTimeFrame = DailyATR(30) /sqrt(1440 / TradingTimeFrame)

Than you can multiply this value with your breakout multiplier.

Example for trading time frame of 5 minutes:

Lets say the daily ATR of 30 periods is 150 pips, so the result becomes:

150 /sqrt(1440/5) --> 150 / 16.97 = 8.84 pips

Than you can multiply this ATR value of 8.84 with the breakout multiplier.

1. This method might reduce false breakouts due to artificially low volatility followed by 1 big candle
2. High volatility after a big news event, giving artificially high ATR
3. Might eliminate time filter

Just a suggestion...
  • #319
  • Dec 27, 2015 8:57am Dec 27, 2015 8:57am
Quoting GoldTheHun
{quote} On the subject of calculating the ATR value, I would like to suggest a more robust method. I believe calculating the ATR based on lower time frames results in erratic values, specially after some big news. When this happens you have a huge ranged bar, and this bar distorts the ATR value until it disappears from the averaging period. Than of course you start having lower ATR values because of the lower volatility which comes sometime after the big news. To smooth this effect my suggestion would be as follows: ATRforTimeFrame = DailyATR(30)...
It is a Golden Suggestion.
No guts, no glory
  • #320
  • Dec 27, 2015 9:07am Dec 27, 2015 9:07am
Quoting abokwaik
{quote} It is a Golden Suggestion.
Thanks a lot and thank you for all the hard work you are doing....
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