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Help with this profitable Indicator

  • #41
  • Feb 4, 2016 9:31am Feb 4, 2016 9:31am
Quoting Invermac
Nice efforts from all, Leanmore share a thread with the same indicator, I don't have the mql4 code but in the link of post #38 there is the code. The old thread use the indicator with a high period but still have many false signal in the change red-green. We use the indicator in +-100 cross bars. If somebody can help us to make an EA with this parameters to test the indicator, not in the change red-green, when cross the +-100 levels please and don't take after 6 bars. Thank you a lot. NOTE, Nice trade in EURUSD since monday, less stress less trades...

What is your TP signal? Why did you hold that long? Isn't your TP, the reversal on the CCI??
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #42
  • Feb 4, 2016 9:51am Feb 4, 2016 9:51am
Quoting Shemski
{quote} What is your TP signal? Why did you hold that long? Isn't your TP, the reversal on the CCI??
Hello Shemski,

My TP is 50pips, but I close the 90% of the trade in this TP and let 1 contract run until OPPOSITE VALID SIGNAL. From monday to now the indicator have reversal but no one was VALID SIGNAL, no one cross the -100 so my last contract still running. And each time when it reaches +100 I move my SL in +100 pips of distance.
  • #43
  • Feb 4, 2016 10:12am Feb 4, 2016 10:12am
Quoting Invermac
{quote} Hello Shemski, My TP is 50pips, but I close the 90% of the trade in this TP and let 1 contract run until OPPOSITE VALID SIGNAL. From monday to now the indicator have reversal but no one was VALID SIGNAL, no one cross the -100 so my last contract still running. And each time when it reaches +100 I move my SL in +100 pips of distance.

Gotcha, so the opposite CCI needs to cross 100 or -100.

I've been front testing the system manually with mixed results on a M5 chart. I see potential, but more as a manual-trading system. I'm not sure if Bollinger Bands or a Donchian indicator is what you would like to add to it, but I'll keep on digging.
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #44
  • Feb 4, 2016 10:23am Feb 4, 2016 10:23am
Quoting Shemski
{quote} Gotcha, so the opposite CCI needs to cross 100 or -100. I've been front testing the system manually with mixed results on a M5 chart. I see potential, but more as a manual-trading system. I'm not sure if Bollinger Bands or a Donchian indicator is what you would like to add to it, but I'll keep on digging.
That's right friend, needs to cross +100 -100 for valid signals, I try it take position each cross +/-100 but some times the price go back to BE for a new signal or in loss, that is why I take profit and let run a contract for a bonus.

Ok, If we can make something good for scalping in 5min is ok, hope somebody can code an EA whit the rules of the first post to test it if this is profitable.
  • #45
  • Feb 4, 2016 11:43am Feb 4, 2016 11:43am
Have done some simple arrows to help visually test. Please confirm if they are taking the trades correctly according to the rules. May also give an attempt on a simple EA for testing, I am not a programmer but i can manipulate mt4 here and there.
Attached File(s)
File Type: ex4 FX Sniper's T3 CCI.ex4   10 KB | 1,015 downloads
File Type: mq4 FX Sniper's T3 CCI.mq4   3 KB | 1,184 downloads
File Type: ex4 Sniper Arrows Spot.ex4   9 KB | 1,023 downloads
File Type: mq4 Sniper Arrows Spot.mq4   6 KB | 1,162 downloads
  • #46
  • Feb 4, 2016 3:40pm Feb 4, 2016 3:40pm
Quoting leanmore
Have done some simple arrows to help visually test. Please confirm if they are taking the trades correctly according to the rules. May also give an attempt on a simple EA for testing, I am not a programmer but i can manipulate mt4 here and there. {file} {file} {file} {file}
Thank you so much leanmore!

Let me test the arrow indicator for correct rules, really thank you so much
  • #47
  • Feb 5, 2016 3:10am Feb 5, 2016 3:10am
The longer I play with this strat the more I'm convinced that it will work best on larger TF's.

I'm messing around with a Chaikin indicator, using it for cleaner entries and better defined SL's and TP's. I'll try to finish it up this weekend.

Cheers
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #48
  • Feb 5, 2016 6:35am Feb 5, 2016 6:35am
Quoting leanmore
Have done some simple arrows to help visually test. Please confirm if they are taking the trades correctly according to the rules. May also give an attempt on a simple EA for testing, I am not a programmer but i can manipulate mt4 here and there. {file} {file} {file} {file}
Here is the EA for backtesting. Please note this is not for live trading . It opens a trade , when the bar closes beyond +100 or -100 and considers only the first 5 bars from change of colour, as per the entry rules in post 1. Closes the full trade at TP of 50 pips and if take profit is not reached closes the trade at the opposite valid signal. No stoploss is used. You may backtest in MT4 strategy tester . NOT FOR LIVE TRADING. It should be run on 1 hour period.

For the EA to run you need to have Fx Sniper's T3 CCI and Sniper Arrows Spot in the indicators folder.
Attached File(s)
File Type: ex4 Testing Sniper EA.ex4   10 KB | 635 downloads
File Type: mq4 Testing Sniper EA.mq4   4 KB | 656 downloads
  • #49
  • Feb 5, 2016 7:00am Feb 5, 2016 7:00am
Quoting leanmore
{quote} Here is the EA for backtesting. Please note this is not for live trading . It opens a trade , when the bar closes beyond +100 or -100 and considers only the first 5 bars from change of colour, as per the entry rules in post 1. Closes the full trade at TP of 50 pips and if take profit is not reached closes the trade at the opposite valid signal. No stoploss is used. You may backtest in MT4 strategy tester . NOT FOR LIVE TRADING. It should be run on 1 hour period. For the EA to run you need to have Fx Sniper's T3 CCI and Sniper Arrows Spot...

Thanks Leanmore

I'll take a look at it today and backtest a few pairs and let you know.

Great work!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #50
  • Feb 5, 2016 7:54am Feb 5, 2016 7:54am
It looks like the EA works best on the H1 chart with the following variables:

Buy/Sell level; 130
Target Profit; 1000

I am assuming it will work best with a higher Buy/sell level on lower charts. The hit rate was about 75-80% on the H1 with a 200/-200 B/S level .

My modelling Quality is crap on this computer so lets take these numbers with a grain of salt...
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #51
  • Feb 5, 2016 10:19am Feb 5, 2016 10:19am
Quoting leanmore
{quote} Here is the EA for backtesting. Please note this is not for live trading . It opens a trade , when the bar closes beyond +100 or -100 and considers only the first 5 bars from change of colour, as per the entry rules in post 1. Closes the full trade at TP of 50 pips and if take profit is not reached closes the trade at the opposite valid signal. No stoploss is used. You may backtest in MT4 strategy tester . NOT FOR LIVE TRADING. It should be run on 1 hour period. For the EA to run you need to have Fx Sniper's T3 CCI and Sniper Arrows Spot...
Thanks for the share! Could you also create a version with options for a stop loss?
  • #52
  • Edited 2:07pm Feb 5, 2016 1:54pm | Edited 2:07pm
Hi guys,

Thank you Leanmore for this robot!,

TEST DONE
PARAMETERS:

TP 50
2015.January.02 to 2016.February.04

I don't know how upload the statement with all the operations. But here is a picture of the graphic

NOTE: Here a excel with the operations
Attached Image (click to enlarge)
Click to Enlarge Name: StrategyTester robot.gif Size: 10 KB
Attached File(s)
File Type: xlsx robot test.xlsx   47 KB | 534 downloads
  • #53
  • Edited 11:05pm Feb 5, 2016 10:48pm | Edited 11:05pm
Quoting leancuisine
{quote} Thanks for the share! Could you also create a version with options for a stop loss?
Agreed.
Because This EA ONLY closed if there is opposite signal , other word mean : Stop lost after there is opposite signal.
This EA will be great with Stop Lost option.

thank Leanmore.
  • #54
  • Feb 6, 2016 3:11am Feb 6, 2016 3:11am
Here is the EA with more options.

NoStoploss - Select "true" if no stop loss is to be used, and "false" if stoploss is to be used.
NoTakeProfit - Select "true" if no takeprofit is to be used, and "false" if take profit is to be used.
CloseTradeOnOppositeSignal - Select "true" if its to close open trade when opposite signal appear. "false" if the open trade is not to be closed.

Run on Every tick, because the entry is made on the first tick of the candle (using changes in time).

For the purposes of backtesting the code seems ok as far as I have tested on my side. Mismatched data errors which may affect the modeling quality are due to the quality of data in MT4 (Strategy tester reconstruct ticks from the lowest time frame available) .
Attached File(s)
File Type: ex4 Testing Sniper EA 2 With Options.ex4   11 KB | 590 downloads
File Type: mq4 Testing Sniper EA 2 With Options.mq4   4 KB | 787 downloads
  • #55
  • Feb 6, 2016 3:27am Feb 6, 2016 3:27am
Quoting leanmore
Here is the EA with more options. NoStoploss - Select "true" if no stop loss is to be used, and "false" if stoploss is to be used. NoTakeProfit - Select "true" if no takeprofit is to be used, and "false" if take profit is to be used. CloseTradeOnOppositeSignal - Select "true" if its to close open trade when opposite signal appear. "false" if the open trade is not to be closed. Run on Every tick, because the entry is made on the first tick of the candle (using changes in time). For the purposes of backtesting the code seems ok as far as I have tested...
Thanks, I'll try to run some tests today! Good stuff my man!!
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #56
  • Feb 6, 2016 3:54am Feb 6, 2016 3:54am
Hmmm, dont know what to think about this:

Attached Image (click to enlarge)
Click to Enlarge Name: snipper3.PNG Size: 36 KB
When trading: "Empty your mind, be formless. Shapeless, like water."
  • #57
  • Feb 6, 2016 4:57am Feb 6, 2016 4:57am
Quoting Shemski
Hmmm, dont know what to think about this: {image}
Well, you f@cked up.
  • #58
  • Feb 6, 2016 5:52am Feb 6, 2016 5:52am
3 maby 4 bad signals with this method
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_64.png Size: 91 KB
  • #59
  • Feb 6, 2016 10:41am Feb 6, 2016 10:41am
Quoting Shemski
Hmmm, dont know what to think about this: {image}
Shemski,

This strategy is great! We will make a lot of money every year!

Thanks a lot to Leanmore
  • #60
  • Feb 6, 2016 11:15am Feb 6, 2016 11:15am
Quoting Invermac
{quote} Shemski, This strategy is great! We will make a lot of money every year! Thanks a lot to Leanmore

I'm tweeking the strat, using a Chaikin Volatilty Indy and it looks amazing. I need to refine it first but it looks very, very nice!

This is what I am working with now:

Chart:
anything under H4

Indy's:
Your FXST3CCI Indy (100 & -100)
Chaikin (50)
Bollinger Bands (20, 0, 3)

Buy Entry:
Switch of signaon CCI and Chaikin !!MUST!! be above 30

Sell Entry:
Opposite

TP'sand SL's will be calcualated based on volatility. I am trying to figure out what works better; Bolllinger or Chaikin. This will take time!

Below you can see two signals, the first one was a false sell, while the second was a correct buy (see the Chakin Indy).

Attached Image (click to enlarge)
Click to Enlarge Name: snipper4.PNG Size: 51 KB


I might have to open a new thread because it is slightly different to what you've introduced.

Let me know what you think.

This is another nice entry. Notice the pop in both the Chaikin and the CCI? Figuring out when to take these types of "pops" serious is also crucial. A move like this on a UC pair during Tokyo hours holds much less strength than the EU pair popping at the open of the NY trading session. Do you see where I am going with this?

Attached Image (click to enlarge)
Click to Enlarge Name: snipper5.PNG Size: 40 KB
When trading: "Empty your mind, be formless. Shapeless, like water."
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