Need an EA for another Brilliant system | Forex Factory

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Need an EA for another Brilliant system

  • #1
  • First Post: Feb 28, 2017 1:20pm Feb 28, 2017 1:20pm
Ok I'm back with another Brilliant system(I'm making fun of myself here) lol.

Well I'm done with averaging down or up or grid although I'm demo testing remons EA at the moment. But let the machine do its work will see.

Again these ideas that come to me are most probably thought of by others and tried.
Its ok I will put it forward anyway.

But I cant seemed to get any coders out there to make an EA for these ideas for without the EA it is almost impossible to test their success or failure.

Now the reason I say we need EA is that there could be many variable ways to test my theory.

Ok there are about 7200 1 hour candles in a year. So when I check the average bar size for these candles on Eur/Usd it is 15 pips rounded. That's 1 piece of info.

My idea came to me when I looked at the 4hr bars and saw the big wicks that they formed and when you break those wicks down to 1hr bars the price goes up sharply and comes down sharply so the average 1hr bars that form those 4 hour wicks are more than twice the size of 15 pip 1hour bars.

So we take advantage of this and when a previous 1hr bar's body(not the whole candle) is 10 pips or less we wait for the current bar to move 20 pips in any direction and we enter a position depending on direction. Our sl is open price of the current bar and tp is double that.

Well from there I came up with different variations. For example only sell trades where the current bar goes 5 pips below the previous bars close we sell sl is 1 pip above the current bars open tp is 5 pips. (I recommend using ECN for this type of trading where u only pay commission)

There could be more variations but this is precisely why we need an EA to test them out.

So let me know if you can write EA's I have more ideas
tnx
  • #2
  • Feb 28, 2017 3:45pm Feb 28, 2017 3:45pm
"Another" says it all.
Please add more indicators, I still see the real price! Thanks!
  • #3
  • Feb 28, 2017 3:58pm Feb 28, 2017 3:58pm
Quoting Crackpot
"Another" says it all.
(Crack)pot says it all.
  • #4
  • Feb 28, 2017 4:16pm Feb 28, 2017 4:16pm
Hi hibra68

Welcome back! I liked your previous idea about the 5 period EMA on high and low. I am still working on different variations on it.

I like your posts and your ideas. It sure would help a lot more if you provided examples of what you are suggesting. Your posts just seems very vague while reading.

I have also sent you a Private Message so we can talk more about this.

Regards
Yalgaar
  • #5
  • Feb 28, 2017 4:35pm Feb 28, 2017 4:35pm
Quoting yalgaar
Hi hibra68 Welcome back! I liked your previous idea about the 5 period EMA on high and low. I am still working on different variations on it. I like your posts and your ideas. It sure would help a lot more if you provided examples of what you are suggesting. Your posts just seems very vague while reading. I have also sent you a Private Message so we can talk more about this. Regards Yalgaar
ok tnx yalgaar here is a variation of the original idea, see if you like it.

Let me explain, I am using 1min chart, the red lines represent start and end of 1 hour tm(this is to clearly see where price went during the 1hr)

The idea is this we measure the previous 1hr's body(say it equals to 2.9pips we rounded to nearest pip which is 3 pips) than when the new 1 hr candle opens and it moves twice this number(in this case twice 3pips) in either direction(this could be changed to only 1 direction later depending on trend or whether the previous bar is up or down) we enter trade, our tp is twice(in this case 3 pips) our sl is start of the 1hr candle.

I hope it is understood if you need more explanation plz ask.

Also if we can create an EA for this we could try many different variations of it until we come up with the best 1.

tnx
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 85 KB
  • #6
  • Feb 28, 2017 5:34pm Feb 28, 2017 5:34pm
Thanks. I believe I understand it much better now. Thanks for taking the time to explain.

I will look into this in more detail tonight and get back to you with questions if I have any.

Have you done any testing on this idea? Did you take any trades at all? In your opinion which pair this will work best? What hours of the day would be most suitable?
  • #7
  • Feb 28, 2017 6:02pm Feb 28, 2017 6:02pm
Quoting yalgaar
Thanks. I believe I understand it much better now. Thanks for taking the time to explain. I will look into this in more detail tonight and get back to you with questions if I have any. Have you done any testing on this idea? Did you take any trades at all? In your opinion which pair this will work best? What hours of the day would be most suitable?
No I have not, its just a fresh idea
It is very tedious to manual test but I specifically used a ranging period(because it seems like a trend friendly system) of 12 hours and I had 16 winners and 6 losers. But this is not something to go on. So it must be tested via an EA so we can play around with numbers(ie. entry pips etc.)
  • #8
  • Feb 28, 2017 6:21pm Feb 28, 2017 6:21pm
hibra68-
Are you getting my private messages?
  • #9
  • Feb 28, 2017 6:30pm Feb 28, 2017 6:30pm
Quoting hibra68
{quote} No I have not, its just a fresh idea It is very tedious to manual test but I specifically used a ranging period(because it seems like a trend friendly system) of 12 hours and I had 16 winners and 6 losers. But this is not something to go on. So it must be tested via an EA so we can play around with numbers(ie. entry pips etc.)

Just so that I am sure I have got this right. Wanted to run my version of it by you.

Basically we are looking at previous 1H candle. We look at the size of the body of the candle (this is size between Open and Close) Lets assume this is 20 pips.

Now within next 60 min if the price if the price goes up by 40 pips, we go "Buy" The SL will be the close of the previous hourly candle which is 40 pips. The TP will be double that which is 80 pips.

Now within next 60 min if the price if the price goes down by 40 pips, we go "Sell" The SL will be the close of the previous hourly candle which is 40 pips. The TP will be double that which is 80 pips.

Did I get this right?
  • #10
  • Feb 28, 2017 6:53pm Feb 28, 2017 6:53pm
Quoting yalgaar
{quote} Just so that I am sure I have got this right. Wanted to run my version of it by you. Basically we are looking at previous 1H candle. We look at the size of the body of the candle (this is size between Open and Close) Lets assume this is 20 pips. Now within next 60 min if the price if the price goes up by 40 pips, we go "Buy" The SL will be the close of the previous hourly candle which is 40 pips. The TP will be double that which is 80 pips. Now within next 60 min if the price if the price goes down by 40 pips, we go "Sell" The SL will be...
I dunno where to check the pm other than my email. let me know how to check pm from this website.
  • #11
  • Feb 28, 2017 6:59pm Feb 28, 2017 6:59pm
You should see your name on the top right corner of the page. Click on that. It will get you to your profile page. You should see all your private messages in a section on that page.
  • #12
  • Feb 28, 2017 6:59pm Feb 28, 2017 6:59pm
yes yalgaar.

exactly right.

when price goes double the size of the previous 1hr bar body we take a trade.

if the price goes down double the size of the previous 1hr body we take a sell trade with sl at the open price of the current candle tp 2 x sl.

if the price goes up double the size of the previous 1 hr body we take a buy trade with sl at the open price of the current candle tp 2 x sl.

This is 1 version

another version could be we only take a buy trade if the previous candle is an up candle and only sell trade if the previous candle is a down bar.

we could have yet another version where we check the 4 hr candle if it is up trend we only take buy trades and vice versa for sells.

the list could go on with different versions of this idea like using stoch as direction of trades and so on.

we could also later use different entry sl and tp variations.

but for now lets stick to the original idea.

The main idea behind this is to make use of sudden volatility.
  • #13
  • Feb 28, 2017 7:57pm Feb 28, 2017 7:57pm
Joined this forum by this thread.. I 've studied my own version of this "algo" And you are nice and right. Will return later on this...
However please note; if you average the open price; less the average close price the result is virtually CERO No direction can be taken from this.. But you are doing well exploring the statistical facts of the quotes. Will private message to you or please reverse emails both @hibra68 & @yalgaar
  • #14
  • Feb 28, 2017 8:26pm Feb 28, 2017 8:26pm
I like the first version.
Here is an indicator that will show the candle's body size.
Attached File(s)
File Type: ex4 FXPT_CandleSize - Larger Text - 2.ex4   3 KB | 509 downloads
File Type: mq4 FXPT_CandleSize - Larger Text - 2.mq4   3 KB | 488 downloads
  • #15
  • Feb 28, 2017 9:54pm Feb 28, 2017 9:54pm
Quoting Darryl
I like the first version. Here is an indicator that will show the candle's body size. {file} {file}
thnx very much darryl i appreciate the indi and youre intrest.
  • #16
  • Feb 28, 2017 9:56pm Feb 28, 2017 9:56pm
Quoting Mariolos
Joined this forum by this thread.. I 've studied my own version of this "algo" And you are nice and right. Will return later on this... However please note; if you average the open price; less the average close price the result is virtually CERO No direction can be taken from this.. But you are doing well exploring the statistical facts of the quotes. Will private message to you or please reverse emails both @hibra68 & @yalgaar
tnx mariolos i appreciate it.
  • #17
  • Feb 28, 2017 9:57pm Feb 28, 2017 9:57pm
Quoting yalgaar
You should see your name on the top right corner of the page. Click on that. It will get you to your profile page. You should see all your private messages in a section on that page.
tnx man i appreciate
  • #18
  • Last Post: Mar 1, 2017 3:47am Mar 1, 2017 3:47am
Quoting Mariolos
However please note; if you average the open price; less the average close price the result is virtually CERO No direction can be taken from this.. @yalgaar
Can you please explain more about this?
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