SketchBook - Sharing ideas on trading systems | Page 7 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Top 100 best Trading Systems: post good Trading Systems here 62 replies

Are the best systems also the systems that fail most spectacularly? 55 replies

Nonsense of sharing automated systems/EA for different brokers 0 replies

Systems, Systems and Systems... 1 reply

Sharing my systems 158 replies

Attachments: SketchBook - Sharing ideas on trading systems
Exit Attachments

SketchBook - Sharing ideas on trading systems

  • #121
  • Jan 7, 2017 11:51am Jan 7, 2017 11:51am
Quoting Forexpinbar
Quoting TooSlow
{quote} Did you know the code you posted is DECOMPILED CODE belonging to http://www.pointzero-trading.com/Products ?[/q What is decompiled code?what does that mean?Sorry I am not a coder..I downloaded the indicator here on FF on "Something Interesting You Can Post Here" thread...I thought it was source code because it had .mq4 at the front..but if you dont mind me asking why are you asking me whether I know the code I posted is decompiled and what has that got to do with my post here.Please explain because I dont
...
Decompiled is source code generated from decompiling an executable file (EX4).
Sometimes, it is a form of theft of intellectual property.
I asked because I do not know if you knew it was decompiled code.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #122
  • Jan 7, 2017 2:19pm Jan 7, 2017 2:19pm
Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow2.png Size: 63 KB


Attached Image (click to enlarge)
Click to Enlarge Name: TooSlow.png Size: 56 KB


My trade ideas.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #123
  • Jan 14, 2017 1:26am Jan 14, 2017 1:26am
Quoting Forexpinbar
This indicator is based on breakouts and congestion zones of variable lengths, the indicator uses only price action to pick trades and reacts to the market extremely fast. Its winning ratio is around 90% according to the author..It detects reversals in a zig-zag fashion, without repainting or backpainting.The indicator relies on variable length breakouts and congestion zones on donchian peaks or bottoms.The indicator analyzes its own quality and performance.Losing signals are highlighted and accounted.But it doesnt include stop loss and take profit...
Hi Forexpinbar and All,

Putting the de-compilation issue aside for a moment,
I took a look at the chart you posted, and also applied the indicator to few charts.
The gained pips displayed on the chart is deceiving, because there is now way to get those pips,

This is the chart you posted, with possible entry/exit on opposite signal scenario:

Attached Image (click to enlarge)
Click to Enlarge Name: DISPLAY.png Size: 171 KB


The displayed (assumed /max ) gained pips are actually known only after an opposite signal is confirmed, but if we wait for until opposite signal is displayed we'ld lose most of the assumed gained pips and in many cases end in negative pips.

You may suggest using Fixed TP, but what that would be ? a 1:1 RR, again most of the signals don't reach 1:1 RR, I've checked many charts.
You may also suggest a Trailing Stop, but again the returns would be mush less if ended in profit at all.

Best Regards,
Khalil
No guts, no glory
  • #124
  • Jan 14, 2017 10:19am Jan 14, 2017 10:19am
Quoting abokwaik
{quote} Hi Forexpinbar and All, Putting the de-compilation issue aside for a moment, I took a look at the chart you posted, and also applied the indicator to few charts. The gained pips displayed on the chart is deceiving, because there is now way to get those pips, This is the chart you posted, with possible entry/exit on opposite signal scenario: DISPLAY.png;2140112 The displayed (assumed /max ) gained pips are actually known only after an opposite signal is confirmed, but if we wait for until opposite signal is displayed we'ld lose most of the...
Thanks for your concern and response..You are right about profit eating away when opposite signal appears..That is the challenge about this indicator..But with a suitable stop loss and take profit this indicator can be profitable..Like for instance , using the "Average Signal" on indicator dashbaord which is the average pips per signal as take profit will come in handy.As for stop loss I havent thought of anything concrete yet because I am still tweaking for optimal stop loss and its quite tiresome doing it manually...Note that one can change the "MinRange" , "MaxRange" and "HighLowFilter" in indicator input can be tweaked for huge pips , that will mean few signals on chart...Honestly , the reason why I was interested in the indicator in the first place is because I probably thought we could capitalize on the high win rate of the indicator and hopefully create a profitable system out of it..
Goal of a successful trader is to make the best trades. Money is secondary
  • #125
  • Jan 14, 2017 10:27am Jan 14, 2017 10:27am
Quoting abokwaik
{quote} Hi Forexpinbar and All, Putting the de-compilation issue aside for a moment, I took a look at the chart you posted, and also applied the indicator to few charts. The gained pips displayed on the chart is deceiving, because there is now way to get those pips, This is the chart you posted, with possible entry/exit on opposite signal scenario: DISPLAY.png;2140112 The displayed (assumed /max ) gained pips are actually known only after an opposite signal is confirmed, but if we wait for until opposite signal is displayed we'ld lose most of the...
I asked a friend coder to create EA for indicator and he did so i tested EA on Friday with different stop loss and take profit and results werent that bad.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Image1.png Size: 131 KB
Click to Enlarge Name: Image2.png Size: 130 KB
Click to Enlarge Name: Image3.png Size: 131 KB
Click to Enlarge Name: Screenshot1.png Size: 123 KB
Goal of a successful trader is to make the best trades. Money is secondary
  • #126
  • Jan 14, 2017 11:14am Jan 14, 2017 11:14am
Quoting Forexpinbar
{quote} I asked a friend coder to create EA for indicator and he did so i tested EA on Friday with different stop loss and take profit and results werent that bad. {image} {image} {image} {image}
Which indicator are you talking about?
Vucking good EA coder... https://t.ly/AZjRM
  • #127
  • Jan 14, 2017 12:03pm Jan 14, 2017 12:03pm
Quoting reteid2222
{quote} Which indicator are you talking about?
There you go.
Attached File(s)
File Type: mq4 pz_daytrading.mq4   14 KB | 386 downloads
Goal of a successful trader is to make the best trades. Money is secondary
  • #128
  • Jan 14, 2017 1:10pm Jan 14, 2017 1:10pm
Quoting Forexpinbar
{quote} There you go. {file}
Thank u very much....will test it with my framework....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 85 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #129
  • Last Post: Jan 14, 2017 1:15pm Jan 14, 2017 1:15pm
Quoting reteid2222
{quote} Thank u very much....will test it with my framework.... {image}
Can you share your framework with us and how to use?
Goal of a successful trader is to make the best trades. Money is secondary
0 traders viewing now