Expanding Grid

Using the Exit-on-MA setting in symetry mode, makes the exit really nice: on a big peak or a dip.. excellent!
BUT when re-entering we should not immediately take a trade in de direction of the move, should we? After all, we are in symetry mode and therefore we expect a correction.
So, upon an exit, should we not consider the algorithm to check for exit-on-MA=true, closure-mode=false and when both conditions are met, to then back off on taking the trade in the direction of the move by an amount of pips equal to, say, 50% of the 20day avg true range??
So when avg 20 day range is 50pips and there was an exit on a peak, then immediately take a short (with start-lot) and then wait to take the new long until the market has dropped 25pips.

Reason for asking is that for those cycles that take very long to close, pretty much all of them have the start of the cycle on the last large peak or big dip.

What do I am working on?
I am testing and demoing a new filter for symmetry and channel modes using fractals.
in symmetry, plot the grid line after a fractal on the opposite direction of the fractal. Sell the top, buy the bottom reversals.
in channel plot a grid line to buy at the top and to sell on the bottom breakouts.
see images:
Please post your comments,
thanks, bauta

In which TF?

Hi Bauta.
I like this idea, this could be just what we need in strong trends, another programmer I am working with has just split the maths in martingale system so it keeps out of big numbers like 12.80 etc you could also go down that road.
Geoff Hornibrook

I'm afraid i do not fully understand - sorry.
Am i correct in assuming that you only add positions when the price brakes through the gridline on a reversal - however small it may be?
how is that different from s_AccumulationFiltered=true?
also do not understand what "fractals" are....

Bauta,

Fractals would be a good idea too, but you have to understand that various timeframe would give you different fractal entry. One of my coded EA would only pick the best fractals if multi timeframe fractals concentrated towards a single price point. Thats where a number of price action will happen where breakout would happen. You might want to have options to enable/disable various timeframe and put in an adjustable price range where at least X or more factals would fall in between it.

This is the lack of a file (a240Trader.ex4) and the changes that have been set to tell me, I want to test it

Hello Bauta, is the below, 'five bars' definition of "FRACTAL" what you are referring to? (source:Investopedia)
pls confirm.
----
DEFINITION of 'Fractal'
A type of pattern used in technical analysis to predict a reversal in the current trend. A fractal pattern consists of five bars and is identified when the price meets the following characteristics:
1. A shift from a downtrend to an uptrend occurs when the lowest bar is located in the middle of the pattern and two bars with successively higher lows are positioned around it.
2. A shift from an uptrend to a downtrend occurs when the highest bar is located in the middle of the pattern and two bars with successively lower highs are positioned around it.
-----
also i think if you do a quick analysis (on multiple timframes) as to what is the % of reversals that follow this exact five bar pattern, the outcome will be disappointing. As such i'm a bit skeptic, whether this is indeed the best approach - as i've written earlier, i like oscillators (CCI, MACD, RSI etc)
the question that also remains: how is it different from s_AccumulationFiltered=true?

Anyway, i'm pleased to see efforts being taken to take this EA to the next level!!

s_AccumulationFiltered=true is used on symmetry mode and it is a M1 (one minute) fractal. I am using it to filter big moves and identify a possible small reversal.
The new FilterByFractal I am working on works in symmetry about the same than s_AccumulationFiltered, but at different timeframes. Also this parameter will work in channel mode too.
The new FilterByFractal parameter will be a timeframe lookup list, I am currently working with M5, M15 and M30 (let me know if you want me to add another timeframe)
it will be like this: FilterByFractal=[None,M5_fractal, M15_fractal,M30_fractal]
Fractal?. top fractal is five bars with the middle bar above the two on the left and the two on the right, bottom fractal is the middle bar below the two on the left and the two on the right. (please google it for more details)

Samples:
symmetry mode with FilterByFractal enabled and s_AccumulationFiltered=true:
buy
assuming FilterByFractal=M5_fractal
B1 (blue) line and S1 (red) lines will calculate normally, by GridSizePips or by GridSizeFactor
price move down and crosses the red grid line (S1 line). The EA will not buy.
because FilterByFractal is active on the five minute timeframe, the EA will wait for the current M5 bar to closes.
for each M5 bar that closes with the low below the previous bar low, the S1 line will move to the previous M5 bar low.
when the first M5 bar low closes above the previous M5 low, the EA will be on alert mode.
when the second M5 bar low closes above the previous two M5 bar lows we have M5_fractal. The EA will not buy because s_AccumulationFiltered=true. The EA now is set as ready to buy but it will wait for the first M1 (one minute) fractal to execute. The M1 fractal must be above the M5 fractal.
if M5 fractal is break to the downside, the EA will wait for the next M5 fractal and then for the M1 fractal. Both must be true and M1 above M5.
after the M1 fractal forms, the EA will buy the multiplier.
rinse and wash! The process starts again. (price below S1 line, an M5 fractal below S1 line and one M1 fractal above M5 fractal)

symmetry mode with FilterByFractal enabled and s_AccumulationFiltered disabled:
same as above with the exception that M1 fractal is not used. The EA will buy immediately after the second M5 bar low above the previous two lows closes.

channel mode with FilterByFractal enabled:
buy
assuming FilterByFractal=M5_fractal.
price moves down and crosses S1 line. The EA waits for the first M5 bar low to closes below S1 line.
after a bottom M5 fractal forms below the S1 line, the line will move to the fractal low and the EA will be ready to sell.
The EA will reverse the trade by an order multiplier immediately after the S1 line crosses.
if price continues going down, the cycle will target.
if price is going up, the EA will wait for a M5 fractal that closes above the B1 (blue) line then reverse trade to buy.
note that fractals forces the cycle to expand.
when Dynamic Grid is enabled:
The S1 and B1 lines will be offset by a dynamic percentage. The offset in pips is a percentage of pips distance between the higher order to the lowest order in the cycle.

during developing it, I will be commenting here.
Please allow me time to develop and test/demo it.
Thanks for your support,
bauta

Ok fractals - got it.
I've never used them so would be interested in anyone's opinion.
but Bauta, PLEASE add the 1H, 4H and the 1D!! Very important for my style of trading!!

Secondly, you talked about a temporary switch from Symmetry mode to Channel mode, when price is trending. Is that still something you're developing? Might be interesting.

Lastly: how many positions will be taken without using the fractals? First four or five or ?

thnaks.

Bauta, I have no experience with fractals, but with these two strategies for reversals in manual trading, both vice versa for tops/bottoms in any timeframe:



I don't know whether they could be coded in EG104.

Thanks for your activity and efforts...!

Happy trading, jdva

Yes - I like those!
also like oscillators.
But as always.... pick your poison and stick with it!
;-)

[Quote = rajbrinder77; 8.372.805] Ciao, grazie per porre la EA qui. Ho appena iniziato ad usarlo. ci sono due cose. uno non c'è alcun ordine panding e secondo senza t / p e s / l. grazie [/ quote]

I can not understand why you do not invest in real Ea removing the Demo accounts. BETTER invest no?

Hallo to all,

i got a little problem.... maybe someone has can help me.
dont trade on news does not work any more for me since some days.

The file ffcal_week_this.xml (\MQL4\Files\) is empty, there is is only "forbidden" in it.

When i open "http://www.forexfactory.com/ffcal_week_this.xml" in my browser it seems to work, there are all information about coming news.
WebRequest is in MT4 checked. Is there someone else with this problem???

Thanks, Dennis

It is worth trying a complete reboot of you computer (if you haven't already). Ignore that! I have just checked my system and I am getting the same issue, "Forbidden" in the file, but works ok in browser.

I have a different EA on the same machine which reads the FF calendar, and that seems to be getting data ok.

Maybe FF are blocking specific connection methods?

Hi Piit Bull,

the EA is available through the market directly in Your Metatrader

Cheers
Barlam

Hi jagzuk,

thanks for answer. Does your different EA use the same URL (http://www.forexfactory.com/ffcal_week_this.xml) ?

I tried do download the file ffcal_week_this.xml and upload it into my dropbox, but MT4 gives me a error message ("error download file, have you added http://www.forexfactory.com/ffcal_week_this.xml to the URL allow list in MT4?") when i add the link to my dropbox im MT4.

It seems that donttradeonnews/EG104_daytarget is locked to this URL.

Is im the only one whit this problem?

Dennis

i have also the same problem. Look at my screenshot:

The XML page cannot be displayed
Cannot view XML input using style sheet. Please correct the error and then click the Refresh button, or try again later.
Invalid at the top level of the document. Error processing resource 'file:///C:/Users/Administrator/AppData/Roaming/MetaQuo...
Forbidden

re-download EG104_DayTarget.ex4 from post one

Re-download EG104_DayTarget.ex4 from post one.
thanks, bauta