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Strategy with good average monthly profit per year

  • #41
  • Aug 16, 2016 4:32am Aug 16, 2016 4:32am
Good morning!
Quoting ibermex
When the new bar is just formed, if all the indicators are positive, the position should be opened. If at the very first beginning when the bars is just created, one or more indicators doesn't give the proper signals but during the day all the signals are positive, the position should be opened as well.
" the position should be opened as well" -- you mean a new position should be opened? Because we already opened a position "When the new bar is just formed, if all the indicators are positive".

My example:
- assume now is Tuesday 00:01
- we have rising CCI, MACD etc ("rising" I mean that Monday value is greater than Friday value)
- we open a buy position
- it is done. Now we only trail our position

How you trade manually (as I understand you):
- assume now is Tuesday 00:01
- we wait until CCI, MACD etc begin rising (or falling) by calculation today value and Monday value
- we open a buy position (for example this happened at 04:23) and trail it as usual
  • #42
  • Aug 16, 2016 10:39am Aug 16, 2016 10:39am
Quoting Daniil
Good morning! {quote} " the position should be opened as well" -- you mean a new position should be opened? Because we already opened a position "When the new bar is just formed, if all the indicators are positive"
Morning!

No, if we have opened the position at 00:01 then we don't open the same position again.

I mean, that if the all the indicators give the signal at 00:01, then cool, let's open the position. But if all the indicators give the signal 1,2 or whatever hours later, then let's open the position as well. But how I said, you just open a new position if you haven't opened that day.

I don't know what you mean by MACD value is greater than Friday value. What I'm using is, for short the white bar value has to be lower than the red line and opposite for long positions.
  • #43
  • Aug 16, 2016 12:10pm Aug 16, 2016 12:10pm
Quoting ibermex
I don't know what you mean by MACD value is greater than Friday value. What I'm using is, for short the white bar value has to be lower than the red line and opposite for long positions.
That was incorrect example about MACD, sorry

I updated the EA with you suggestions in previous posts and created 2 versions:
- 1st version opens positions as usual at 00:00 (when the 1st tick arrive)
Attached File(s)
File Type: mq4 plano_5.mq4   4 KB | 255 downloads

- 2nd version trade on the current bar and may open position in any time when all conditions are met
Attached File(s)
File Type: mq4 plano_5_bar0.mq4   4 KB | 267 downloads
  • #44
  • Aug 16, 2016 8:15pm Aug 16, 2016 8:15pm
Hello!

This version works way better! It makes all the entries when it have to be, but I´ve tested 2015 to 2016, and the system made 5 loose entries. Just 1 of them was a proper entry, the rest was wrong.

I attached screenshots of the exact day when the bars are just formed, you can see how in 3 of them, the CCI was falling and the EA made long entries.

I prefer the version plano_5, where it only open the position just on the right moment of the opening bars. But, how I manually trade is, if right moment all the indicators are positive, I make the entry, but if for example in a short position, the price start rising, but during the day, anytime the indicators are all aligned and price is above of the opening price, I also make the entry. I don´t make the entry if for example a few hours laters, all the indicators are aligned but the price is below the opening price (for short positions).

We are making a good progress!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 266 KB
Click to Enlarge Name: 2.jpg Size: 275 KB
Click to Enlarge Name: 3.jpg Size: 251 KB
Click to Enlarge Name: 4.jpg Size: 260 KB
  • #45
  • Aug 16, 2016 8:19pm Aug 16, 2016 8:19pm
Quoting Naasir
The problem with technical indicators is that they are static and being that they are rule based makes the creator prone to fixing them until they are perfect, but they will only be perfect for a certain time horizon and for a certain asset class. The ebb and flow of the market requires a dynamic approach which only fundamental analysis can provide, but when a great technical overlay is applied can yield amazing results. Perhaps you should try to find the fundamental catalyst which works best with your technical strategy as opposed to just focusing...
I totally agree, but applying fundamental analysis to a EA is not an easy thing...I know that manually trading fundamental analysis may give a big picture of what in what direction you should trade, but even that, it requires a lot knowledge and daily time in how to interprate all that data.

I´m open for your advices or if you want to improve the EA in any way, you are more than welcome.
  • #46
  • Aug 17, 2016 6:12am Aug 17, 2016 6:12am
Quoting ibermex
I attached screenshots of the exact day when the bars are just formed
All screenshots are done at 23:59:59?

Quoting ibermex
you can see how in 3 of them, the CCI was falling and the EA made long entries
On the 1, 2, 3 screenshots I can't see an entry arrow. An entry of 4th screenshot is correct (if you are using EA plano_5): I see that position was opened on a current bar open at 00:00, but you took screenshot much later (I see that current candle already fall a lot, and CCI for current day too). In other words, in visual testing you see what was happen in the current day and then open a position at start of current day. But in real life it is impossible
  • #47
  • Aug 17, 2016 6:20am Aug 17, 2016 6:20am
Seems a sensible strategy. I trade a similar system using 2 x Stochastics and CCI but no MACD. I do not like EAs except those that manage the trade once made by me manually. Could you please upload your trade management EA. The one you mention in Post No. 19

Many thanks
  • #48
  • Aug 17, 2016 12:12pm Aug 17, 2016 12:12pm
I attached the screenshot of all fails from 2015 to 2016, as you see the screenshots that I attached yesterday, are the same fails as the EA did.

THe EA is doing mostly of the entries correctly, just a few of them are wrong. If we get to correct those wrong entries, we are ready to go.

Thanks!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-08-17 at 12.04.18 PM.png Size: 100 KB
Click to Enlarge Name: Screen Shot 2016-08-17 at 12.12.00 PM.png Size: 118 KB
  • #49
  • Aug 17, 2016 12:26pm Aug 17, 2016 12:26pm
If EA made a buy then all buy conditions are met. If it sold, then sell conditions are met. EA can not be wrong in several entries and be correct in all other. Switch the logging parameter on and see the values of indicators when EA is entering positions.
  • #50
  • Aug 17, 2016 12:54pm Aug 17, 2016 12:54pm
How can I do that?
  • #51
  • Aug 17, 2016 12:55pm Aug 17, 2016 12:55pm
Could you post your results?
  • #52
  • Aug 17, 2016 1:44pm Aug 17, 2016 1:44pm
This entry, was made by the EA, and the CCI was clearly going down when the new bars was created...the difference from the previous day maximum, and the next day openin price was around 100 pips, that´s give without doubt a falling CCI.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-08-17 at 1.10.23 PM.png Size: 17 KB
  • #53
  • Aug 17, 2016 2:05pm Aug 17, 2016 2:05pm
Here you can enable logging:

Attached Image (click to enlarge)
Click to Enlarge Name: 2016-08-17_2202.png Size: 60 KB


Quoting ibermex
Could you post your results?
Sure. See archive with report and mt4 log:
Attached File(s)
File Type: zip report.zip   16 KB | 216 downloads


And the EA. Nothing new except added CCI to logging function:
Attached File(s)
File Type: mq4 plano_5.mq4   4 KB | 274 downloads
  • #54
  • Aug 17, 2016 2:14pm Aug 17, 2016 2:14pm
Quoting ibermex
This entry, was made by the EA, and the CCI was clearly going down when the new bars was created...the difference from the previous day maximum, and the next day openin price was around 100 pips, thats give without doubt a falling CCI. {image}
CCI between 2 red lines is rising, right? So, CCI of yesterday is greater that CCI of the day before yesterday => we buy on the FIRST tick of new bar.

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-08-17 at 1.10.23 PM.GIF Size: 7 KB
  • #55
  • Aug 17, 2016 2:36pm Aug 17, 2016 2:36pm
Hi Daniil,

Yes CCI of the day before is rising, but this is not how we based our strategy. The CCI should be rising just the day that you are pretending to open the position. We dont care about what happened the day before, we just pay attention about whats going right that day. When the new day comes, all the indicators takes it figure. The CCI line it doesnt grow during the day, it just may change it direction.

So what this strategy is based on is:

- If right the moment when the new bars are formed ( you are 9 hours more than me, so in your country it could be probably either at 00:00 or 01:00) all the indicators are aligned (the signals of the current day, not the previous day), then we open the trade.

- If right the moment when the new bars are formed, some indicators are not aligned (not with positive signal) but during the day, we are pretending to open a short position, and the price first went up a bit, and suddenly all the indicators are aligned and the price is above the day opening price, we open the position.

We are very close to make the EA as my manually trading strategy

Please have a look of attached picture.
Attached Image (click to enlarge)
Click to Enlarge Name: REVIEW.jpg Size: 1.1 MB
  • #56
  • Aug 17, 2016 2:45pm Aug 17, 2016 2:45pm
When we want to know if CCI raising or falling what we do? We subtract current CCI value and previous CCI value. If we get positive value => CCI rising. Negative => falling.

CCI (and all other indicators) are not lines! They are dots, connected with lines; and dots are the values of CCI in each day.

When you use plano_5.mql4, it will subtract CCI of yesterday (the last "finished" bar) and CCI of the day before yesterday.
When you use plano_5_bar0.mql4, it will subtract CCI of today (it will use currently "forming" bar) and CCI of yesterday.
  • #57
  • Aug 17, 2016 3:00pm Aug 17, 2016 3:00pm
Ok lets see if in this way we get along to the same point.

Have a look of the attached image. I opened the strategy tester on 2015.08.25 (the day that the EA made a wrong entry) and the stop button was pressed, so it is stopped exactly at 00:00. If you see, the CCI line (dots connected with lines how you say) is falling, clearly is not giving a long entry. So, if I were manually trading, I will never make a long entry because the CCI is telling me that the price is going bearish...thats how my strategy works, and honestly, it is working manually. Making in automatised it should be the same.

We cant open a long position on 2015.08.25, because right that day the CCI is falling, simply as that.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-08-17 at 2.54.59 PM.png Size: 31 KB
  • #58
  • Aug 17, 2016 4:09pm Aug 17, 2016 4:09pm
Quoting ibermex
I opened the strategy tester on 2015.08.25 (the day that the EA made a wrong entry) and the stop button was pressed, so it is stopped exactly at 00:00. If you see, the CCI line (dots connected with lines how you say) is falling, clearly is not giving a long entry.
I think I got what you mean. I opened strategy tester on 2015.08.24 in visual mode and made a video.
Until 23:59:59 CCI was rising and starting from the 1st tick of 2015.08.25 CCI began to fall. Correct?

How "plano_5.mql4" make its decision: is now a 1st tick of the day? If yes then check if CCI is rising. It rise! This variant of EA doesn't take into consideration the current tick (and indicators calculated on the 1st tick) but only previous finished days.
BTW "plano_5_bar0.mql4" doesn't open a buy here, because CCI of 1st tick is less than CCI of the day 2015.08.24 (it is falling).

The only thing that I can do:
- calculate CCI (and other indicators) of today's 1st tick and of yesterday
- open a trade only on the 2nd tick of the day

Is this what you mean?
  • #59
  • Aug 17, 2016 4:12pm Aug 17, 2016 4:12pm
If you paused visual tester on 23:59 and CCI is falling on your screenshot, then it is strange. For me it begin to fall from 00:00 of 25 Aug, as I said. I use Alpari demo, but will check on Admiral demo
  • #60
  • Aug 17, 2016 8:07pm Aug 17, 2016 8:07pm
Quoting Daniil
If you paused visual tester on 23:59 and CCI is falling on your screenshot, then it is strange. For me it begin to fall from 00:00 of 25 Aug, as I said. I use Alpari demo, but will check on Admiral demo
I didn´t pause at 23:59, because at that time the new candles of the next day are not made yet. I paused on 25 Aug at 0:00.
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