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Forex Breakout Direction Indicator

  • #121
  • Apr 11, 2016 9:19am Apr 11, 2016 9:19am
Hi Krager,
Can you post the images of your today's trade please.because I dont have the same amount of pips on that trades. Just to check the boxes and the entry.

Thanks
  • #122
  • Edited 9:53am Apr 11, 2016 9:24am | Edited 9:53am
@Craig

Could you please assist me with the mentioned problem, i.e. why ALL my charts show "BUY" and "Breakout Strength: 0%".
  • #123
  • Apr 11, 2016 10:43am Apr 11, 2016 10:43am
Quoting brekas
Hi Krager, Can you post the images of your today's trade please.because I dont have the same amount of pips on that trades. Just to check the boxes and the entry. Thanks
Will do bit later, as normal!
  • #124
  • Apr 11, 2016 10:44am Apr 11, 2016 10:44am
Quoting MasterGuru
@Craig Could you please assist me with the mentioned problem, i.e. why ALL my charts show "BUY" and "Breakout Strength: 0%".
If i'm honest i'm stuck why, I can only thing it's something to do with a Sunday candle?
  • #125
  • Apr 11, 2016 10:52am Apr 11, 2016 10:52am
Quoting krager
{quote} If i'm honest i'm stuck why, I can only thing it's something to do with a Sunday candle?
@Craig

I have figured it out... I had renamed Advanced_ADX indicator to AFK_Advanced_ADX for easier recongition among other indicators, which has confused the - main - indicator. Everything is OK now.

I wonder if you could incorporate your entry conditions into the EA itself, so it would be really a standalone "Away From Keyboard", fully automated strategy with the possibility of backtesting.
  • #126
  • Apr 11, 2016 11:05am Apr 11, 2016 11:05am
Quoting MasterGuru
{quote} @Craig I have figured it out... I had renamed Advanced_ADX indicator to AFK_Advanced_ADX for easier recongition among other indicators, which has confused the - main - indicator. Everything is OK now. I wonder if you could incorporate your entry conditions into the EA itself, so it would be really a standalone "Away From Keyboard", fully automated strategy with the possibility of backtesting.
Mate, i'm glad you sorted it out!

Months ago before I launched this project I was playing around with the idea of a stand alone EA, however this really does not suit my trading style plus I find many many outcomes that just didn't make it right.

Having a EA just switched on, doing it's thing is no fun. That's not trading. I like to make it a bit more personal. I tell the EA when to trade, which direction and can even adjust the levels if I really wanted to.

The issue with stand alone, what do you do with major news events?

The filters, 200 EMA and 50 EMA need to be above or below, but what do you do if it's just in the middle? Exit the trades, I admit there is not a 100% set rule, if it hits the TP's then great, but some days I will close the account on 1% or 3% growth, but like today, I was away from keyboard, then came back to see my account was 7% in profit, so I closed the trades. I am a massive favour or price action, but until you get to learn this, it's hard to compute that into a EA. I do believe this system can be used Set & Forget, I just prefer the benefit and conservative approach of banking pips.

Start with a £100 account, gain 3% every day and in 9 months time you be banking £100 a day profit. The daily target spreadsheet I send out can show this.

I truly think my system is the prefect way to enjoy trading, making small profits daily and enjoy the control of when you can close the trades whilst in profit, or like on certain days, when i'm at work or have a social event on, I will leave it to set and forget
  • #127
  • Apr 11, 2016 11:14am Apr 11, 2016 11:14am
Quoting krager
{quote} Mate, i'm glad you sorted it out! Months ago before I launched this project I was playing around with the idea of a stand alone EA, however this really does not suit my trading style plus I find many many outcomes that just didn't make it right. Having a EA just switched on, doing it's thing is no fun. That's not trading. I like to make it a bit more personal. I tell the EA when to trade, which direction and can even adjust the levels if I really wanted to. The issue with stand alone, what do you do with major news events? The filters, 200...
@Craig

I suggested it only as a commercial alternative. Most readers here on FF have a demanding day job and cannot keep an eye on the trade developments.

News could be filtered out by a "NewsFilter" module (most of my own EAs have it burnt in) and if price were in the "middle" of EMA lines, well, EA should forget about that trade.

In other words everything could be programmed in the EA (with adjustable parameters where applicable) and such an EA would broaden the market for your strategy significantly. I would be definitely interested in it with a similar 2-week trial period.
  • #128
  • Apr 11, 2016 12:31pm Apr 11, 2016 12:31pm
Quoting MasterGuru
{quote} @Craig I suggested it only as a commercial alternative. Most readers here on FF have a demanding day job and cannot keep an eye on the trade developments. News could be filtered out by a "NewsFilter" module (most of my own EAs have it burnt in) and if price were in the "middle" of EMA lines, well, EA should forget about that trade. In other words everything could be programmed in the EA (with adjustable parameters where applicable) and such an EA would broaden the market for your strategy significantly. I would be definitely interested in...
Can you send me the News Filter Module. Can the module be used in back tester too? If this is code-able, I will look into producing it
  • #129
  • Apr 11, 2016 1:08pm Apr 11, 2016 1:08pm
Today's trades 11.04.16

EURCAD SELL, Closed for 84.90 pips profit, if left to run this would of been 60 pips profit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCAD 06.45.png Size: 149 KB
Click to Enlarge Name: EURCAD 19.00.png Size: 119 KB
  • #130
  • Apr 11, 2016 1:11pm Apr 11, 2016 1:11pm
Today's trades 11.04.16

USDCAD closed for 87.3 pips profit, if left to run would of been 120 pips plus 4th trade currently locking in 20 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCAD 06.45.png Size: 143 KB
Click to Enlarge Name: USDCAD 19.00.png Size: 115 KB
  • #131
  • Apr 11, 2016 1:13pm Apr 11, 2016 1:13pm
Today's trades 11.04.16

NZDCAD closed for 5.6 pips lost, if left to run currently would be in 20 pips profit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDCAD 06.45.png Size: 140 KB
Click to Enlarge Name: NZDCAD 19.00.png Size: 117 KB
  • #132
  • Apr 11, 2016 1:16pm Apr 11, 2016 1:16pm
Today's trades 11.04.16

EURCHF closed for 6.8 pips profit, if left to run currently would be 6.4 pips profit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURCHF 06.45.png Size: 140 KB
Click to Enlarge Name: EURCHF 19.00.png Size: 119 KB
  • #133
  • Apr 11, 2016 1:18pm Apr 11, 2016 1:18pm
Today's trades 11.04.16

AUDCAD closed for 14.9 pips profit, if left to run currently would be 31 pips in profit
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDCAD 06.45.png Size: 137 KB
Click to Enlarge Name: AUDCAD 19.00.png Size: 115 KB
  • #134
  • Apr 11, 2016 1:21pm Apr 11, 2016 1:21pm
I've been thinking today, because there is not a 100% exit rule, apart from using the set and forget method, if trader would like to join a free whatsapp group, I could message every morning which pairs are live and when I close them.

Any ideas on this or takers?

The whatsapp group would be for 14 days for trial period members, and lifetime for fully paid memebers
  • #135
  • Apr 11, 2016 1:47pm Apr 11, 2016 1:47pm
Summary

Todays managed trades = 188.30
Set & Forget if closed at (7pm) = 257.4
  • #136
  • Apr 11, 2016 2:57pm Apr 11, 2016 2:57pm
Quoting krager
{quote} Can you send me the News Filter Module. Can the module be used in back tester too? If this is code-able, I will look into producing it
I am not a coder, i.e. my programmer does it for me. I can send you one of my old EAs with the NewsFilter module and probably you could take the module from it.

Since not all "Red news" are really "red", setting the EA's Start/Stop times the day before would allow customers to pause EA automatically before news, which is already in the EA, so it would not need extra programming.
  • #137
  • Apr 11, 2016 3:02pm Apr 11, 2016 3:02pm
Quoting MasterGuru
{quote} I am not a coder, i.e. my programmer does it for me. I can send you one of my old EAs with the NewsFilter module and probably you could take the module from it. Since not all "Red news" are really "red", setting the EA's Start/Stop times the day before would allow customers to pause EA automatically before news, which is already in the EA, so it would not need extra programming.
I agree, but setting the stop and start times does not allow me to back test, hence why in the first place I didn't invest my money into a auto EA as I could not prove it is profitable, unless I had some sort of news filter built in. I will look around
  • #138
  • Apr 11, 2016 3:08pm Apr 11, 2016 3:08pm
I'm going to look to get a second laptop and set up a pure demo account and results just for set & forget. This maybe not be live until a few weeks tho.

Is the whatsapp group a good idea or not?

Does anyone know, if I got a new demo account from a different broker, can I run two MT4 platforms on the same laptop?
  • #139
  • Apr 11, 2016 3:24pm Apr 11, 2016 3:24pm
Yes you can. Just make sure that your driver is decent strength, otherwise you might get laptop over heating issues.
cheers
hannele
  • #140
  • Apr 11, 2016 3:25pm Apr 11, 2016 3:25pm
I mean CPU
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