Hello. So everybody is finished with this indicator? What are the optimal seetings to run it? TF? Pairs? Any live account results? {quote} You've been using standard settings?
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I've been running it on 4HR, on a AUD/USD and EUR/AUD, it done quite well. Doubled my account on GDP/JPY in a week, but it also suffered a 50% drawdown. Lot size is very much the key, or identifying a trend as it crosses the moving average.
Default settings on GBP/JPY took a $200 demo account to about $1500 in six months, in testing by the OP.
Hi, Tarwada, I would propose two new features for your EA, both as options to be able to test them in Backtest and Forwardtest and see if they are real improvements: 1) One was already mentioned in the original post by abokwaik: http://www.forexfactory.com/showthre...576707&page=10 He said: Note about re-entries : 1. They should never be at a price better than our last entry. 2. Example : If we are in an up-trend, our next buy should never be at a price lower than our last re-entry. The same if we are in an down-trend: our next...
Thanks, Rainsome, for the information! I also think, like you, that these features could be valuable improvements of the EA, at least as options to be tested. Lets us hope that Tarwada has the time and will to implement them! Here is the indicator in Mql4 source file:
Addenda: After thinking again about it, in my opinión the “original” trend mode is more suitable for this strategy, because it gives definitely more breadth to the Price. The “improved” trend mode is too close to it at the beginning of a new trend.
This Kolier SuperTrend indi offers two Trend modes (original and improved). For more information see here: http://kolier.li/indicator/how-super...nson-jnrtradin May be a better option than the original ST indi. Addenda: After thinking again about it, in my opinin the “original” trend mode is more suitable for this strategy, because it gives definitely more breadth to the Price. The “improved” trend mode is too close...
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Ragusa, and Tarwada and all other members who contributed to this thread and other threads. Thanks for sharing your knowledge and trading experiences. That's what I love about this forum because it helps aspiring traders become more attune of what works and what don't works in the markets. And it help filter and navigate this dynamic market so we all can reach our destinations of being profitable traders, have my gratitude.
{quote} Nice indicator, I'll work around it and I'll release a new thread if it worked well ! ❤
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Hi!
Are you still planning on making the updates from the first post? The only on am really keen on is placing pending orders, say at the 50% mark of previous up candles in a downtrend. Should reduce drawdown a bit, but hell, you've done excellent work for a free EA. Thank you.
Hi, Tarwada, nice to hear again from you.
I would recommend the SuperTrend indi from posts 708 or 709 (original trend mode), better than the one of post 707. The reason is that the version of post 707 (nrp) is too near (too close) to the Price, and in a trend you need some breadth so that you dont get stopped out too soon. Of course, the best solution would be to have several options in the parameters of the EA that we could backtest.
Abokwaik caution would be also useful as an option for backtest.
May it be posible to achieve that the EA does not lose control of open positions when you close the Metatrader platform and reopen it afterwards?
Also as an option for backtest, it would be worth to explore a filter with 200 periods EMA. Rules as described by Rajandran (www.marketcalls.in): http://www.marketcalls.in/amibroker/...d-filters.html Trading Rules Buy if suptrend shows a buy signal and candle above 200 EMA (Green Arrow) Exit Buy if supertrend shows a exit signal (Yellow Star) Short if suptrend shows a sell signal and candle below 200 EMA (Red Arrow) Exit Short if supertrend shows a exit signal (Yellow Star) Trades are Executed on the close of the Candle
Of course, this strategy should maintain the reentries.
This filter has been already mentioned by other members of this Fórum (see post 664).
Hi, Tarwada, nice to hear again from you. I would recommend the SuperTrend indi from posts 708 or 709 (original trend mode), better than the one of post 707. The reason is that the version of post 707 (nrp) is too near (too close) to the Price, and in a trend you need some breadth so that you dont get stopped out too soon. Of course, the best solution would be to have several options in the parameters of the EA that we could backtest. Abokwaik caution would be also useful as an option for backtest. May it be posible to achieve that the EA does not...
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Ragusa SL250pips On D1 TF Entries 1%or 2% should be split into 3 Positions With 3 different Exits 50SMA & 100EMA As my guide In Trend. Your right supertrend_nrp_amp_alerts is too close to price. In my Opinion it is better to use it as an always in entries only exits the trade when the color change colors it keeps you in the trade longer. I)And Only initiate Reversal Trend Entries if SuperTrend Reverses And Change Colors above the 100 EMA See Greg M .A)
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II)Stop Loss can be 1)Prior Swing low Or 2)Few pips Above SuperTrend Line Or 3)ATR 10x1.618. III)Exits (TakeProfits) 1)1st Exit 26KJ Turns Up & Candle Closes. When In Sell Trend 2)2nd Exit Both 52KJ Turns Up & SuperTrend Trend turns Up & Candle Closes When in Sell Trend. 3)3rd Exits can also be the Candle Closes above 100EMA When in Down Trend. IV)Add Ons In direction Of Trends: 1)3Bar Pivots See Steve Primo B)
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2)Inside Days 3)Stochastics OS Bear Trend Bear see Steve Primo C)
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4)Stochastics OB Cross 80 Line Down in Bear Trend see Raynor Teo D)
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V)Getting Back In with trend As long as price is under 50SMA And 100EMA in Down Trend Vice Versa for Up Trends. Use 9TK,26KJ, and 52KJ Histogram & SuperTrend To change colors to get back in line with trend. VI If we are in a Daily Trend there can be small pullbacks within that trend that can be several 100pips. If you try to trade a downtrend in the middle of an Up Swing or Correction its going to be hard to be profitable. These 300-900 Major Pullbacks, Traders needs to be concern with, on how to Identify when these Pullbacks are over. We would never be able to get the very top and bottoms of trends. Technician don't eat the head & tails of a fish, we only need to eat the chunk of meat in the middle to be profitable. If you look at the D1 chart I've enclose you can see there are 843p,959p,1008p,920p,and 820p Pullback within the GBPJPY Daily trend.
Hi @rainsome, thank you for sharing your system. Can you add your .tpl? Thank you.
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Strom I having Problems with A)TroPeriodData so I Uploaded a more recent one,and B)ATR in Pips I uploaded an updated one as well. Here' the second group of indicators make sure you download both indicators from both groups & the 3rd group I have coming up along with Template so your charts look like mines. Trade whatever time frame your money managements allows. Part2 Of 3
Hi @rainsome, thank you for sharing your system. Can you add your .tpl? Thank you.
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Strom Part 3 Of 3 with template The image is zoom out a Birds eyes view to see the down trend better on D1 Time Frame. { copyrighted attachments deleted by staff }
