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Strategy with good average monthly profit per year

  • #61
  • Edited Aug 18, 2016 12:29am Aug 17, 2016 8:54pm | Edited Aug 18, 2016 12:29am
Quoting Daniil
{quote} 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?
Yes, absolutely. The strategy take into consideration the current CCI direction, not the direction of the previous day.

Quoting Daniil
{quote}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?
Im not sure what you mean by 2nd tick, but try the second option.

I dont know much about coding, but is not possible to detect just the direction of the CCI during the day that we are trading? I think it should be isnt it...because if we cant detect that, we will never get to the real strategy, which is acting depending on how the indicators are looking the day that we pretend to trade.

Quoting Daniil
{quote}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).
Ok but this version is not correct, because we can open the position during the rest of the day just when all the indicators are aligned but the price is above the opening price (for short positios, opposite for long).
  • #62
  • Aug 17, 2016 10:00pm Aug 17, 2016 10:00pm
Quoting Daniil
{quote}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?

Danil,

Can't you set it to check every tick but only take 1 order per bar.
  • #63
  • Aug 18, 2016 4:40am Aug 18, 2016 4:40am
Quoting ibermex
{quote} I didnt 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.
When ok. At 00:00 1st tick arrived and CCI start to fall.

Quote
current CCI direction, not the direction of the previous day.
I already wrote that "CCI direction" is a difference between current CCI value and the previous. I can't calculate direction without those 2 values.

Quote
Ok but this version is not correct, because we can open the position during the rest of the day just when all the indicators are aligned but the price is above the opening price (for short positios, opposite for long).
Check for Close/Open price was removed due to your request: "About "open buy only if current bar Open greater or equal yesterday's bar Close" I think that you may delete that condition."

Quote
I dont know much about coding, but is not possible to detect just the direction of the CCI during the day that we are trading?
Once again: I need 2 points to detect direction of a line.
  • #64
  • Aug 18, 2016 4:42am Aug 18, 2016 4:42am
Quoting spyderman
{quote} Danil, Can't you set it to check every tick but only take 1 order per bar.
"bar0" version of the EA is working in such manner
  • #65
  • Aug 18, 2016 7:24am Aug 18, 2016 7:24am
Quoting Daniil
{quote} "bar0" version of the EA is working in such manner

Well I'm certainly no expert coder but have done a little. I was under the impression that bar0 just referred to the current bar. But some EA's still only read the indicator conditions once at the beginning of that bar whereas if it's set to check every tick then it would take the trade if conditions change in line with the parameters. That would address ibermex's comments about entering position later in the "day" if things line up.

Sorry if this is incorrect.
  • #66
  • Aug 18, 2016 7:44am Aug 18, 2016 7:44am
Quoting spyderman
I was under the impression that bar0 just referred to the current bar.
Yes, correct. Current bar (== current day) and previous bar (for calculation raising/falling if indies)

Quoting spyderman
But some EA's still only read the indicator conditions once at the beginning of that bar
This is how non-bar0 EA is working (plano_5.mql4)

Quoting spyderman
whereas if it's set to check every tick then it would take the trade if conditions change in line with the parameters. That would address ibermex's comments about entering position later in the "day" if things line up. Sorry if this is incorrect.
"if things line up" then bar0 will open a position inside a day.
  • #67
  • Aug 19, 2016 9:39pm Aug 19, 2016 9:39pm
Hi Daniil,

Do you give up? I think we should keep working to get to the strategy closer...we are not that far to it.

Rgds.
  • #68
  • Aug 20, 2016 10:10am Aug 20, 2016 10:10am
Quoting ibermex
{quote} 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. Im open for your advices or if you want to improve the EA in any way, you are more than welcome.
Fundamental analysis is without a doubt the big picture and gives real material insight in to the direction of the trent. Now, by nature fundamental analysis is only profitable when the trading time horizon is longer then say 1 week. Unless the EA can be altered to trade a more longer term approach, combining fundamental and technical will be problematic. But a point to consider; would you not rather trade 17 per month and have a 100% degree of accuracy then to trade 170 times per month and be accurate only 10%? this is the whole notion of why smart money will always win in the end.

If you would like to make an EA that is worthwhile in the long run, then unfortunately the MQ4 language will not do as its to basic to run quantitative analysis and big data algo in the background. Sure you can make something that will work for a while but eventually break down. Think about this, some of the most expensive hedge fund trading Global macro using algos only return 25% per year.
  • #69
  • Aug 22, 2016 2:36am Aug 22, 2016 2:36am
Given that there are hardly any trading EAs that work longer term in Mt4, why is it that anytime anyone suggests a trading system, someone is almost certain to come with an EA or a request for one? Off course I understand that the idea of it is great. A robot that trades for you when you are away without the stress. However, I would like to see just one Mt4 EA that has a successful and verified real time track record. Of the many, many thousands I know of none. I know some claim it but digging deeper it’s all BS. Off course there are some that use martingales and grids that work for a while but by their nature they are all condemned to blow up sooner or later.

Therefore given the evidence, if you have a decent system, especially on longer term TFs, why the need for an EA?
  • #70
  • Last Post: Aug 22, 2016 3:52pm Aug 22, 2016 3:52pm
Quoting Zoog
Given that there are hardly any trading EAs that work longer term in Mt4, why is it that anytime anyone suggests a trading system, someone is almost certain to come with an EA or a request for one? Off course I understand that the idea of it is great. A robot that trades for you when you are away without the stress. However, I would like to see just one Mt4 EA that has a successful and verified real time track record. Of the many, many thousands I know of none. I know some claim it but digging deeper its all BS. Off course there are some that use...
I need the EA to prove that my strategy works in long term periods. Also if you followed the thread, youll see that the EA has a custom trailing stop SL, so with the EA I can adjust the best SL performance.

Yes my strategy doesn´t use martingale and it is designed to operate on D1 charts, but I really want to prove it with at least 16 years BT.
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