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Idea For Automation On Range Bar Charts Trading DAX

  • #21
  • Jun 23, 2016 11:48am Jun 23, 2016 11:48am
Quoting vhk.fxt
{quote} On the ger30 m40 offline chart (the one with range bars) left click , properties uncheck offline chart ? found an error with wrice movement that prevents ea from reversing trades.
Hi

Sorry,was just in between a couple of things earlier but just wanted to say that the EA seems to working nicely and I will let it run tomorrow and see if there might be errors or additional filters etc and will update the thread but will only look from Monday for a more closer look at the actual results.

Rooi
We miss 100% of the shots we don't take
  • #22
  • Jun 23, 2016 11:50am Jun 23, 2016 11:50am
Quoting vhk.fxt
Very choppy the last 1 hour on ger30
I agree,

I closed the platform by accident so have miss match of sorts with the trades.

Should get a bit slower now , maybe tomorrow will be better .
We miss 100% of the shots we don't take
  • #23
  • Jun 23, 2016 12:43pm Jun 23, 2016 12:43pm
Nice idea. I'm subscribed. DAX is my favorite trade.
  • #24
  • Jun 23, 2016 1:17pm Jun 23, 2016 1:17pm
Nice and simple, just the way I like it. count me in!! Couple of questions about the indicators though. What exactly does this RangeBar Plugin do? I was able to get the template setup but it isn't a range bar chart. Are you using a different indicator to get the actual range bar chart? I had a quick look through the forums and there seems to be a number of choices. Any suggestions on the best one?

Thanks and good luck with this!!
  • #25
  • Jun 24, 2016 12:07am Jun 24, 2016 12:07am
Quoting maninjapan
Nice and simple, just the way I like it. count me in!! Couple of questions about the indicators though. What exactly does this RangeBar Plugin do? I was able to get the template setup but it isn't a range bar chart. Are you using a different indicator to get the actual range bar chart? I had a quick look through the forums and there seems to be a number of choices. Any suggestions on the best one? Thanks and good luck with this!!
Hi

Apply the indicators as instructed on the first page then go into the "File" menu and go find the "Offline" charts named "M40"

The indicator produces the range chart

Indictors as follows

For the range bars , I use RangeBarChart v1.03a (attached). This goes into File - open data folder - MQL4 - Indicators

The templates used are 1min Range Bar 40/50 Indices & 1m Offline Range bars 40 Indices (attached). These go into File - open data folder - MQL - templates

Start with a chart for GER30 (DAX) 1 min chart and use template 1min Range Bar 40/50 Indices.

Then open Offline chart (in FILE); It should be displayed as GER30 M40 (M50 should also be available for 5 pip bars); Apply template 1m Offline Range bars 40 Indices.

This should produce a chart same as below. (I use FXCM so there may be slight differences with other sources).
We miss 100% of the shots we don't take
  • #26
  • Jun 24, 2016 11:32am Jun 24, 2016 11:32am
Quoting Rooi
{quote} Hi Apply the indicators as instructed on the first page then go into the "File" menu and go find the "Offline" charts named "M40"
Ah, ok, got it. Thanks. But this is only for the offline charts, correct? But hoow about for trading on real time (demo of course...) charts?
  • #27
  • Jun 24, 2016 1:28pm Jun 24, 2016 1:28pm
Quoting maninjapan
{quote} Ah, ok, got it. Thanks. But this is only for the offline charts, correct? But hoow about for trading on real time (demo of course...) charts?
You can trade on offline charts , the offline chart generated is just another form of price movement illustration , range bars in the occasion , therefore mt4 doesn't offer range bar charts so coding experts have made scripts ea's and indicators to generate those charts , but the only way to generate them is on a custom timeframe ,these charts have live feed and you can trade and put ea's on them
  • #28
  • Jun 24, 2016 3:28pm Jun 24, 2016 3:28pm
Thank you very much for clearing that up. Makes sense now!
  • #29
  • Jun 25, 2016 3:16am Jun 25, 2016 3:16am
Rooi is this like Divergence uses trading manually?? If so may also work on FX market with different Rangebar size. Your thoughts...
  • #30
  • Jun 25, 2016 4:02am Jun 25, 2016 4:02am
Quoting forexgrh
Rooi is this like Divergence uses trading manually?? If so may also work on FX market with different Rangebar size. Your thoughts...
In forex try 5xSpread range bars
  • #31
  • Jun 27, 2016 4:35am Jun 27, 2016 4:35am
Hi Guys

I'm sure you all have the error that the chart doesn't work saying - Stack Overflow in experts tab.

This due to huge gap in from Brexit.Don't have time to find a work around for now.

I will be setting my charts to show minimum candles and wait for it to go out of history of the chart and then start it again

For now I set range bars on 50 pip size and just messing around till then with it as hopefully by then end of the week it will be sorted so we don't get the error and can forward test
Attached Image (click to enlarge)
Click to Enlarge Name: Example1.png Size: 61 KB
We miss 100% of the shots we don't take
  • #32
  • Jun 27, 2016 5:02am Jun 27, 2016 5:02am
Quoting Rooi
Hi Guys I'm sure you all have the error that the chart doesn't work saying - Stack Overflow in experts tab. This due to huge gap in from Brexit.Don't have time to find a work around for now. I will be setting my charts to show minimum candles and wait for it to go out of history of the chart and then start it again For now I set range bars on 50 pip size and just messing around till then with it as hopefully by then end of the week it will be sorted so we don't get the error and can forward test {image}
Morning Rooi, set the history bars in the range bar plugin to 720 (from 7200) and in tools/options/charts reduce the Max bars in chart to 500. After a few days it should be ok to reset everything back to normal.
regards, strada.
  • #33
  • Edited Jun 28, 2016 12:24am Jun 27, 2016 5:15am | Edited Jun 28, 2016 12:24am
Done.

Running it now.

Let see where we go from here regarding results and really get the EA entry conditions correct as per the idea.

Good to see you here

Rooi



EDIT : I will try and look at it a lot closer today as well
We miss 100% of the shots we don't take
  • #34
  • Jun 27, 2016 6:19am Jun 27, 2016 6:19am
Anyone else having the problem of EA not closing ad reversing orders on reversal signals like below
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Example1.png Size: 72 KB
Click to Enlarge Name: Example2.png Size: 69 KB
We miss 100% of the shots we don't take
  • #35
  • Jun 27, 2016 10:08am Jun 27, 2016 10:08am
Quoting Rooi
Anyone else having the problem of EA not closing ad reversing orders on reversal signals like below {image} {image}
Hi Rooi, yes I've had the same issues this afternoon, but a bigger issue is trades being stopped out and/or new ones opened before price reaches a 2 pip improvement.
strada.
  • #36
  • Jun 27, 2016 11:11am Jun 27, 2016 11:11am
Quoting strada
{quote} Hi Rooi, yes I've had the same issues this afternoon, but a bigger issue is trades being stopped out and/or new ones opened before price reaches a 2 pip improvement. strada.
Hi Strada

Yes , vhk.fxt did say that to start he will be putting together a basic version of the EA and will keep developing as we go along and we provide more examples with screenshots of what should have happened or what shouldn't have happened etc.


He also said he found an error as per below

Quoting vhk.fxt
{quote} On the ger30 m40 offline chart (the one with range bars) left click , properties uncheck offline chart ? found an error with price movement that prevents ea from reversing trades.




Strada - Today I had a lot of 136 and 138 errors.If we provide details I think vhk.fxt will be able to assist much easier. Was yours also 136 and 138 or what did it say in "expert " or "journal " log?

Would you mind throwing up a chart with some examples of what the EA should have done and I will do the same then he can look at it again and ask if there is any questions he might have and we can clarify it all much better.



Rooi
We miss 100% of the shots we don't take
  • #37
  • Jun 27, 2016 3:02pm Jun 27, 2016 3:02pm
Hi Rooi, yes the journal did show some "off quotes" so that may be the problem. Currently have deviation set at 2 pips, will increase it to 3 for tomorrow and see if that produces better entries. In some respects the dax provides great price movement for this but the downside is the speed at which price fluctuates and I think that is at the root of the issues we're experiencing. Trading this live and manually throws up the same issues, but at least the entry decision is yours to make.
Chart below to show some examples but I fear that the ea might not be able to cope with the fast moving price fluctuations, not the ea's fault.
strada.
Attached Image (click to enlarge)
Click to Enlarge Name: GER30M40 2016-06-27.png Size: 64 KB
  • #38
  • Jun 27, 2016 3:40pm Jun 27, 2016 3:40pm
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_52.png Size: 24 KB
Only the price on the chart can show the entrance to the deal...
  • #39
  • Edited Jun 28, 2016 12:24am Jun 27, 2016 11:53pm | Edited Jun 28, 2016 12:24am
Quoting strada
Hi Rooi, I fear that the ea might not be able to cope with the fast moving price fluctuations, not the ea's fault. strada. {image}
I agree.Let see what happens today.Will post results a bit later

Good luck for today

I will look at it a lot closer today as well
We miss 100% of the shots we don't take
  • #40
  • Jun 27, 2016 11:54pm Jun 27, 2016 11:54pm
Quoting vvFish
{image}
cool - would you mind sharing your indi please
We miss 100% of the shots we don't take
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