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Free EA - Piggy n The Middle

  • #321
  • Apr 23, 2016 6:40am Apr 23, 2016 6:40am
Quoting Tekkies
{quote} keydcuk This is your ea and your idea. Would you have a problem if change some code by adding 1. stoploss 2. trailer stop 3. increase lot as deposit increase or visa vica 4. close losing order that exceed x-amount of pips 5. open order according to trend would really to code ea not trade as below {image}
At this point, I am happy for anybody to modify the EA however they see fit. The only thing that I ask is that you share your ideas and your modifications with the rest of us.

Any EA that is worthy of using after testing will be attached in post 1.

The way I see this is that it is not my EA. I am here for the people and the best method that will work. Forex trading is hard enough that it is just simply greedy if you are not willing to share with those who follow the thread.

As for your ideas, the only thing that I would point out as I have already tested a lot of different variables with the method is that if you are going to use trailing stops, that you stick to the original method of using group buys and group sells together.

It is important that we close all positions together in order to keep the DD as low as possible.

This is nothing against Remon's method, it is because of him that I was able to produce my EA, but I have not yet seen any of the produced EAs on his thread that can keep the DD as low as the EA I have produced. Although having said this, I have not intensively tested HIS EA but I am taking a sideline on this as what I have tested, I am not satisfied so I am letting the testers to their thing over there and also waiting for Remon to take the bugs out of his EA because at the moment, I am not seeing enough profits, too many losses taken and DD is still not brilliant.

Thanks for your participation. It is greatly appreciated.

Daniel
  • #322
  • Edited 5:56pm Apr 23, 2016 5:24pm | Edited 5:56pm
Hey thanks for the MQ4.

I tried the EA last week and am happy how it aggregated baskets of feasible trades, but was disappointed by the timing of the close. In most cases, the close was premature, i.e. closing favourable positions just when the market was moving in the right direction.

I had developed an indicator that was based on MA first and second derivatives (my own invention), and I believe it would be a good signal to use to slow the release. In the graph attached, you can see an illustration of this. I used the EURUSD to play last week. You notice the histogram in red is below zero, i.e. showing a favourable selling situation. And, Piggy in the middle as it is written now aggregated a basket to sell at 14:36.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1_4th_example.png Size: 49 KB

However, my indicator showed this was in prime selling trend, i.e. would have held off to close a sell until 15:01. That would have given a 46 PIP difference.

As you have shared the MQ4, I will try to add a filter to allow trades only when my indicator is showing it's time to release.


I have observed this behaviour a few times during the week so I believe that combining piggy in the middle with the MA_derivative_Evolution as I designed it would be a good hybrid. I'll work on it and let you know the outcome. I first need to get into your code to understand it and start making mods to see if I can come up with something that works. PM me if you want more details.

I attach and EX4 version of my indicator.

After a good look at the coder friendly version offered by Guilherme, I have to ask you to be patient - there are about 100 functions in this beast!
Attached File(s)
File Type: ex4 MA_Derivative_Evolution.ex4   29 KB | 541 downloads
  • #323
  • Apr 23, 2016 8:17pm Apr 23, 2016 8:17pm
I think for now until a proper EA is developed and tested thoroughly it is important to keep the multiple trading session that keydcuk had in his EA. I don't think we need four like he had but two would be nice. For example if you want to trade only between 20:00 to 04:00 you need two entries, one from 00:00 to 04:00 and a second from 20:00 to 23:59. I fyou guys could keep that feature I would appreciate.

I also think keydcuk is right about we should keep the different lot size option. Throughout my testing having a setting of .02, .01, .01, .02 for lot sizes produced better results than .01 across.

Finally the more I test this EA the more I am starting to think that the only way the DD will be reduced further down is by adding an indicator to help catch the start of a trend and programmatically change the way it trades and then change back when it start going sideways again. It sounds easier said than done obviously but with the smart people we have here I think it can be improved that way. I know it would be nice to stay away from timeframe dependencies but if it is for the greater good it will be worth it in the end.

Just my 2 cents.
  • #324
  • Apr 24, 2016 4:06am Apr 24, 2016 4:06am
Quoting jpyp99
I think for now until a proper EA is developed and tested thoroughly it is important to keep the multiple trading session that keydcuk had in his EA. I don't think we need four like he had but two would be nice. For example if you want to trade only between 20:00 to 04:00 you need two entries, one from 00:00 to 04:00 and a second from 20:00 to 23:59. I fyou guys could keep that feature I would appreciate. I also think keydcuk is right about we should keep the different lot size option. Throughout my testing having a setting of .02, .01, .01, .02...


I think the problem with identifying the trends is that if we knew how to identify it, we would trade it instead of wanting to avoiding it while using a grid trading EA. The whole purpose of this grid EA is that we don't know whether market is going to go up or down so we hedge, grid and strategically close positions. Find me someone who can properly identify trends and they would not need this system. There is more money to be made in the trend. This is simply what I like to call safe trading.

Daniel
  • #325
  • Apr 24, 2016 4:22am Apr 24, 2016 4:22am
Quoting 0ilman
Hey thanks for the MQ4. I tried the EA last week and am happy how it aggregated baskets of feasible trades, but was disappointed by the timing of the close. In most cases, the close was premature, i.e. closing favourable positions just when the market was moving in the right direction. I had developed an indicator that was based on MA first and second derivatives (my own invention), and I believe it would be a good signal to use to slow the release. In the graph attached, you can see an illustration of this. I used the EURUSD to play last week....
I notice you shared the ex4 version. would you share what the output buffer numbers and a description are?
So many in the Commercial section want to make me rich! :o
  • #326
  • Apr 24, 2016 4:55am Apr 24, 2016 4:55am
Quoting 0ilman
Hey thanks for the MQ4. I tried the EA last week and am happy how it aggregated baskets of feasible trades, but was disappointed by the timing of the close. In most cases, the close was premature, i.e. closing favourable positions just when the market was moving in the right direction. I had developed an indicator that was based on MA first and second derivatives (my own invention), and I believe it would be a good signal to use to slow the release. In the graph attached, you can see an illustration of this. I used the EURUSD to play last week....
Somehow, I have missed this post.

Do you mind sharing the mq4? Without the mq4, I cannot incorporate and test its value in me EA.

Many Thanks & Best Regards,

Daniel
  • #327
  • Apr 24, 2016 8:47am Apr 24, 2016 8:47am
Quoting keydcuk
{quote} Somehow, I have missed this post. Do you mind sharing the mq4? Without the mq4, I cannot incorporate and test its value in me EA. Many Thanks & Best Regards, Daniel
keydcuk

Opening Pandora's box keydcuk ever FF user is going to swap this forum with the trend indicator that he believe is the holy grail of indicators.

https://www.cashbackforex.com/en-us/...ustom-function
Is a link to NonLagMA which is a good trend indicator
It does repaint and a bit lagging in 0 bar and once bar close it is set
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDmicroH4.png Size: 67 KB

Attached File(s)
File Type: mq4 NonLagMAv71.mq4   6 KB | 592 downloads
  • #328
  • Apr 24, 2016 10:16am Apr 24, 2016 10:16am
Quoting Tekkies
{quote} keydcuk Opening Pandora's box keydcuk ever FF user is going to swap this forum with the trend indicator that he believe is the holy grail of indicators. https://www.cashbackforex.com/en-us/...ustom-function Is a link to NonLagMA which is a good trend indicator It does repaint and a bit lagging in 0 bar and once bar close it is set {image} {file}
I must say NonLagMA is quite a popular one. I'll see if I can do anything with this. It might be a while... I struggle with introducing indicators into the EA.

Thanks,

Daniel
  • #329
  • Apr 24, 2016 11:02am Apr 24, 2016 11:02am
Quoting keydcuk
{quote} I think the problem with identifying the trends is that if we knew how to identify it, we would trade it instead of wanting to avoiding it while using a grid trading EA. The whole purpose of this grid EA is that we don't know whether market is going to go up or down so we hedge, grid and strategically close positions. Find me someone who can properly identify trends and they would not need this system. There is more money to be made in the trend. This is simply what I like to call safe trading. Daniel
Haha! You certainly have a point there. However I am not sure there is more money to be made when trending vs ranging. You make more money in a shorter time period but the market trends only 30% of the time while you make less in ranging markets but for longer period (70%). Depending on the strategies you use in both situations it might just turn out to be a wash.

Hey! If it would be easy there wouldn't be a market to start with, wouldn't it?
Fantastic work so far from everybody involved though especially you and remon.
  • #330
  • Apr 24, 2016 1:19pm Apr 24, 2016 1:19pm
Quoting Tekkies
{quote} keydcuk Opening Pandora's box keydcuk ever FF user is going to swap this forum with the trend indicator that he believe is the holy grail of indicators. https://www.cashbackforex.com/en-us/...ustom-function Is a link to NonLagMA which is a good trend indicator It does repaint and a bit lagging in 0 bar and once bar close it is set {image} {file}
This indicator is good only in Trending Market. No real benefits in ranging markets where market remains for 70% of its time. I have previously automated it and the results not so encouraging.
Forex; the game of movements not the game of candles.
  • #331
  • Apr 24, 2016 1:52pm Apr 24, 2016 1:52pm
Quoting Tekkies
{quote} keydcuk Opening Pandora's box keydcuk ever FF user is going to swap this forum with the trend indicator that he believe is the holy grail of indicators. https://www.cashbackforex.com/en-us/...ustom-function Is a link to NonLagMA which is a good trend indicator It does repaint and a bit lagging in 0 bar and once bar close it is set {image} {file}
This is the slope line indicator.... all indicators will work in trending markets... and they will suck in ranging markets
Drawdown is more important than Account Size !
  • #332
  • Edited Apr 25, 2016 1:09pm Apr 24, 2016 6:02pm | Edited Apr 25, 2016 1:09pm
Sorry, here is more information about MA_Derivative_Evolution:

I used my mathematical background from university (I am an engineer) specifically from differential equation classes, to come up with this indicator.

The principles of this indicator are simple - A mean average is calculated. The slope of this mean average is calculated (i.e. the value of the mean average at bar 0 minus the value at bar 1). Those slopes are averaged to filter jagged market information. The second derivative is calculated on the filtered slopes, i.e. slope at bar 0 minus slope at bar 1. When the second derivative crosses zero, the MA is doing an inflection, i.e. the main trend is changing.
Attached Image (click to enlarge)
Click to Enlarge Name: MA_Derivative_Evolution settings.png Size: 17 KB

Mean average variables:
Timeframe used in average calculation - set to 0 in a 1M chart.

Number of ticks used in mean average (A mean average is the basis of this indicator) - I used 112 in the pics I showed you.

Averaging method (self explanatory) - I used 1 (exponential) in the example shown

Average price used in MA (self explanatory) - I used 6 in the pics I showed you

Based on the MA, it calculated the slope of it (this is the orange histogram) - let's call this the main trend slope. In differential equation term, this slope is also called the first derivative. If the orange is above zero, main trend is positive, if it is below zero, it is negative.

The mean average 1 parameters next are used to make an average of the slope, and calculate the second derivative (i.e. a slope of the slope).

In the pic I sent you, I used 10 for the Period for average - this sets the filtering of the orange histograms into the blue line

I then used an exponential averaging method (1).

The second derivative is calculated on the large brown histogram. When the second derivative is below zero, the microtrend (i.e. the twist in the main trend) is going down, the slope is accelerating downwards. When it is above zero, the microtrend is trending up, it is accelerating upwards.

When the second derivative crosses zero, this creates a pivot point in the trend. These pivot points are shown as pink and pale blue arrows on the graphic

So far, I hope you see there is no rocket science, all I have been doing is calculating a Mean Average, the slope of the MA, and the slope of the slope. However, I felt that in order to get a meaningfull buy or sell signal, sometimes the MA's are too slow to react, i.e. they hang up until the signal decays. Here is screenshot of a slow decay (i.e. my indicator without the Evolution signal). You can observe a number of negative orange histograms because the MA is slowing catching up to the price action, and this slope is negative despite price action slowly creeping upwards.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1 - MA_Derivative_Evolution - Slow decay example.png Size: 12 KB

If I was using only the first and second derivative to create a buy or sell signal, in this case, I would be selling when in fact the price action was moving upwards - not very smart. However, notice how the filtered slope and the slope differ - at the left of the screen, when the program detected a pivot downwards, the slope got under its average, and the difference between the 2 is what I call the evolution signal. i.e. a price action in the direction of the evolving trend. When the 'Evolution' is in the direction of the main trend, I can create a buy or sell signal. When the 'Evolution' is not in the direction of the main trend, I discard it. The 'Evolution' signal is thus created to avoid the lag seen in using only MA's, and filters quite well the decay.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1 - MA_Derivative_Evolution - Showing Evolution and pivots.png Size: 36 KB

I tried using this indicator in a buy/sell strategy and as indicated, it only works 30% of the time as it is a trend following strategy.

I provide only for now the ex4 because there is more complexity to it - the mq4 I created uses a modified moving_average.mq4 function to calculate the derivatives so if I provide you the ex4 only, I don't need to complicate the discussion as they are compiled in it already.

However, what I can tell you is the function also creates hidden buy sell signals in buffer 3 (+1 for buy and -1 for sell). These are the signals I am trying to incorporate into Piggy in the middle. A buy signal would happen on a blue histogram (Evolution is positive), and the reverse for sell signals.

I believe incorporating this into a custom function should work relatively easily. What I found is that when Piggy wants to close a basket of sell trades and my signal shows a strong sell signal, I should wait until my sell signal fades out and reap way more profits.

Feel free to PM me for more info.

***
  • #333
  • Apr 25, 2016 12:37am Apr 25, 2016 12:37am
Quoting procrude
{quote} This is the slope line indicator.... all indicators will work in trending markets... and they will suck in ranging markets
procrude

Why is a indicator called a indicator?

Because it showing only what the market has and is donging therefor all indicators will cost you negative pips in a ranging market.
  • #334
  • Apr 25, 2016 3:19am Apr 25, 2016 3:19am
My idea of getting targeting certain equity profit still work. Two different accounts and equity targeted profit hit.

I finish my EA to close all trade and disable EAs, it work for the first account but failed in the second one. I will test it again and see what is wrong.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPJPYi1_25042016.png Size: 59 KB
Click to Enlarge Name: GBPJPYiM1_25042016_acct2.png Size: 49 KB
  • #335
  • Apr 25, 2016 4:09am Apr 25, 2016 4:09am
Unfortunately, I'm sorry is just an opinion and nothing personal, any site with big operators to say we do not use INDICATORS ...

CANDLES SPEAKS MORE THAN WHAT INDICATORS, LOOK CANDLES WEEKLY (W1) and DAILY (D1) AND SEE WHERE THE PRICES GO.

LOOK AS FINISHED SAIL WEEKLY (11 April 15) AND SEE WHERE WAS THE PRICE IN (18 April 22).

I believe we have to have a direction to trade, but I think it should not be with indicators.

JUST MY OPINION AND NOTHING PERSONAL
  • #336
  • Apr 25, 2016 4:18am Apr 25, 2016 4:18am
Quoting Carneiro
Unfortunately, I'm sorry is just an opinion and nothing personal, any site with big operators to say we do not use INDICATORS ... CANDLES SPEAKS MORE THAN WHAT INDICATORS, LOOK CANDLES WEEKLY (W1) and DAILY (D1) AND SEE WHERE THE PRICES GO. LOOK AS FINISHED SAIL WEEKLY (11 April 15) AND SEE WHERE WAS THE PRICE IN (18 April 22). I believe we have to have a direction to trade, but I think it should not be with indicators. JUST MY OPINION AND NOTHING PERSONAL
Then Carneiro "price action" is the way to go
  • #337
  • Apr 25, 2016 5:54am Apr 25, 2016 5:54am
Quoting Tekkies
{quote} Then Carneiro "price action" is the way to go
I twist a lot to have an EA where we do not know which direction the price go ... but I find it very difficult,,, see the hard work here keydcuk and remon.

I believe in the possibility to start the entry in one direction and from a certain number of pips, the price is not in favor, EA be enabled to make some defense ...

Still doing tests with both EA and keydcuk date bac, but I think we have to give preference to one direction. We know we will lose some entries, but see how many pips would gain following for example the direction of the weekly candle (W1) = Daily (D1).

Just an opinion
  • #338
  • Apr 25, 2016 7:35am Apr 25, 2016 7:35am
Quoting Carneiro
{quote} I twist a lot to have an EA where we do not know which direction the price go ... but I find it very difficult,,, see the hard work here keydcuk and remon. I believe in the possibility to start the entry in one direction and from a certain number of pips, the price is not in favor, EA be enabled to make some defense ... Still doing tests with both EA and keydcuk date bac, but I think we have to give preference to one direction. We know we will lose some entries, but see how many pips would gain following for example the direction of the...
The issue I got with this is that I can't do any backtesting as it involves more than 1 timeframe.

I attach the configuration and the EA and mq4 so any people using fxdreema want to play around with this.

Basically it does what you are suggesting I THINK.

I have left the EA to be bar sensitive so you will need to run this on a 4H chart. I have done this in case you want to try same daily & weekly conditions but triggering on a different TF.

1. Once every bar does a check
2. Conditions are set to see if Weekly Candle & Daily Candle are BOTH Bull or Bear
3. If the conditions are met, a buy positions gets entered when price is higher that previous candle's high +10 pips and a sell is entered if price is lower than previous candle's low - 10 pips OTHERWISE, EA functions in BUY/SELL MODE as per original.
4. Take Profit functions is unchanged from the original EA

Let me know if there are any tweaks needed.

Daniel
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 45 KB
Attached File(s)
File Type: mq4 Piggy n The Middle vX2.mq4   210 KB | 462 downloads
  • #339
  • Apr 25, 2016 8:36am Apr 25, 2016 8:36am
Quoting Carneiro
{quote} I twist a lot to have an EA where we do not know which direction the price go ... but I find it very difficult,,, see the hard work here keydcuk and remon. I believe in the possibility to start the entry in one direction and from a certain number of pips, the price is not in favor, EA be enabled to make some defense ... Still doing tests with both EA and keydcuk date bac, but I think we have to give preference to one direction. We know we will lose some entries, but see how many pips would gain following for example the direction of the...
Carneiro
Not trying to convince any trader about the merits of NonLagMA
Live account
Attached Image (click to enlarge)
Click to Enlarge Name: XM MT4.png Size: 134 KB
  • #340
  • Apr 25, 2016 8:38am Apr 25, 2016 8:38am
Hello,

I'm still using this EA in real account $30. Now I have $5.21 of profit, for me is a money machine EA. Thank you keydcuk
Attached Image (click to enlarge)
Click to Enlarge Name: Captura.PNG Size: 28 KB
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