Hanover replies to PMs | Page 32 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Abokwaik replies to PMs 96 replies

Hanover - can you help me with MT4 qs please? 4 replies

Attachments: Hanover replies to PMs
Exit Attachments

Hanover replies to PMs

  • #621
  • May 3, 2017 11:38am May 3, 2017 11:38am
Quoting Pagenturm
This is way off topic but my son is also into trading, & he downloaded an ADX ea which has an input entitle - Pong_16. I cannot help him with a description or purpose because I have never come across it before. Would you mind helping us both with its purpose/use, please? We would both be very grateful.
I can't help unless you post the MQ4 file. When I Google "pong_16 mt4 ea", the only link returned is to a porn site.
  • #622
  • May 3, 2017 11:44am May 3, 2017 11:44am
Quoting hanover
{quote} I can't help unless you post the MQ4 file. When I Google "pong_16 mt4 ea", the only link returned is to a porn site.
Loooool
The truth is hidden from you
  • #623
  • May 3, 2017 11:49am May 3, 2017 11:49am
Quoting hanover
{quote} I can't help unless you post the MQ4 file. When I Google "pong_16 mt4 ea", the only link returned is to a porn site.
i spit my coffee on that one..
  • #624
  • May 3, 2017 12:29pm May 3, 2017 12:29pm
[quote=hanover;5446385]A However, there might well be forex traders who have found a an infallible price pattern that delivers a handsome, consistent weekly profit. Hence they would likely disagree with much of what I've said. It's also possible that their 'edge' might remain effective over several years worth of changing markets, and even employ a prudent, sustainable MM. If you're lucky enough to find one of them that posts here, then obviously ignore what I've said, and follow them. But rest assured that I'm not one of them.

Have one pattern yes, 3 years in the running now still consistent, its not a straight forward lets make money pattern, when it appears on the 4 hour you take a position knowing that this first position will either run as a singular trade to the next pattern or you will be out of position which then requires the notion of knowing you will bank more pips but you will have to re- load. Each trade carries a stop loss of 300 pips Never been stopped out either and the notion of 1,000 pips of capital each traded lot size in the bank i prefer to double this but thats my choice. Trades can be upto 4 not had more than this and the pattern can run for three weeks till the next one. Pairs traded euro usd and pound dollar. Wont put the pattern up around here thats for sure way too much hard work and screen time went into seeing this, but yes there are patterns out there and they do work in the long term for sure, but honestly you must know how the markets work and all the tricky moves that can and are played.
  • #625
  • Edited 1:45pm May 3, 2017 12:53pm | Edited 1:45pm
Quoting dean1star
Have one pattern yes, .......
Fair enough.

If your pattern delivers 100% win rate (you say that you've "never been stopped out" at 300 pips) across all possible news outcomes, flash crashes, etc then that's pretty amazing.

I understand your reasons for keeping your pattern a secret. People can spend many years trying to decipher how markets work; either they're fortunate enough that their research unearths something amazing; or they end up chasing their own tails, and becoming increasingly frustrated at wondering what they're missing. I know folk in both of these camps.

It makes perfect sense to me that you'd need to "know how the markets work and all the tricky moves that can and are played".
  • #626
  • Edited 1:26pm May 3, 2017 1:07pm | Edited 1:26pm
Quoting hanover
{quote} Fair enough. If your pattern delivers 100% win rate (you say that you've "never been stopped out" at 300 pips) across all possible news outcomes, flash crashes, etc then that's pretty amazing. I understand your reasons for keeping your pattern a secret. People can spend many years trying to decipher how markets work; either they're fortunate enough that their research unearths something amazing; or they end up chasing their own tails, and becoming increasingly frustrated at wondering what they're missing. I know folk in both of these...
so true, i set out to trade as a scalper little did i realise it would lead to becoming a long term trader. A few points btw (nice summary) when the market consoliidates the trades are tight but you take them as that is the rule, downside in those moments being you can trade for two weeks with profit but minimal. One imagines its similar to the infamous Turtle trading style when the trades happen then on a greater scale they make up for the ranging stuff. Those two points stand the test of time so far , not been stopped out. I did not trade brexit - last year but yes the news elements are not an issue and indeed the pound dollar flash october last year i was on the right side. One thing i noticed is that the higher time frames seem to be on the right side of the Big moves and the out nowhere moves, i cant say why that is but i have noticed this many times. As i said i set out to scalp but isnt that the irony of getting something but its not what you wanted lol .. downside its slow trading, however its what it is - works how it does and gratefull for that.Btw if i had been using a 200 pip stop loss then for sure i would off been stopped out on trades for sure but on 300 its fine, i actually dont even think about it these days i just do it, if that makes sense. But for peace and inner sanity i only trade the two pairs and have noticed on yen pairing its effectiive but trades are longer and thus slower so i stay with two pairs, btw at first using a 300 pip stop loss i thought this is crazy but these days its just normal, the transition to accepting how this works now that took some trading hours to adjust too. Not wishing to sound like a know it all, however it proabably comes off as that but just to say the truth is out there .. for sure.

As a final example with the flash crash last October which was a really big test even for me, i was in on September the 9th as the first short and finished the trades on October the 19th, which of course by then had seen price stablize again.
  • #627
  • May 3, 2017 11:37pm May 3, 2017 11:37pm
Quoting dean1star
so true, i set out to trade as a scalper little did i realise it would lead to becoming a long term trader.......
I also like H4 price action; it keeps me sufficiently clear of the intraday noise, while still providing 6 times more opportunities for candle-based setups than the D1. In one of my strategies, I use an EA that allows semi-automated trading, i.e. the settings allowing me to choose the depth of pullbacks based on my assessment of market strength, and a selection of different exit methods and MMs. Hence it can be profitable if used by a knowledgeable enough trader. A lot of work went into developing the EA, and (like you) I'm not ready to share it yet. I don't want to seem too paranoid, but once you share your intellectual property publicly, you can't undo it, and then you've no control over where or how it might be used.

Anyway, thanks for replying; it's always inspirational to read others' success stories in forex. Well done!
  • #628
  • May 4, 2017 2:49am May 4, 2017 2:49am
Quoting hanover
{quote} I also like H4 price action; it keeps me sufficiently clear of the intraday noise, while still providing 6 times more opportunities for candle-based setups than the D1. In one of my strategies, I use an EA that allows semi-automated trading, i.e. the settings allowing me to choose the depth of pullbacks based on my assessment of market strength, and a selection of different exit methods and MMs. Hence it can be profitable if used by a knowledgeable enough trader. A lot of work went into developing the EA, and (like you) I'm not ready to...
Likewise Hanover, you have a great thread going here ..
  • #629
  • May 4, 2017 3:47am May 4, 2017 3:47am
Sorry about that Hanover it was not intended. The file I will try and find, but it was an MT4 indicator/expert file. I will have a delve into my 'bin' & look for it.
  • #630
  • Edited 6:21pm May 7, 2017 5:55pm | Edited 6:21pm
Quoting VEEFX
Here's some more explanation of what I am trying to achieve.......
Vee,

Short answer: I don't have a simple, turnkey solution.

Detailed answer: Back in 2013, I developed these indicators. They use a function, written by me, that converts any given MT4 datetime value from any timezone to any other timezone**, by calling proprietary function(s) developed by my programmer buddy whose FF moniker is mim2005. His functions reference a Delphi-developed DLL (black box, I don't have the source) that is based on the TZ database (more information in the link). By using this database, we can (supposedly) get the correct timezone, adjusted by daylight saving, at any given historical point in time, for all of the locations listed here (or in the XLS that you can download from here).

[** example:
datetime dtTimeInNewYork = ConvertCcyTime(StrToTime("1994.07.21 16:15:37"),"Europe/London","America/New_York");
would return the time in New York when it was 04:15:37pm in London on July 21, 1994; then
string sTimeInNewYork = TimeToStr(dtTimeInNewYork,TIME_DATE|TIME_SECONDS);
would return something like "1994.07.21 11:15:37" ]

In terms of calculating which session was in progress, you would need to know the historical session start/end times, and also what timezone your MT4 br0ker was using historically, at that point in time.

If the TZ database has been updated after 2013, then the version that I have won't have these changes.

If all of this sounds convoluted, I'm afraid it is! But it's the best that I can do. Let me know if it might be any help to you. If so, I will ask mim2005 if he's willing to share his proprietary MQH code with you (on the understanding that it is kept confidential, and for your personal use only). You would then need to develop your own code to call the relevant function(s), and process the returned values to give you whatever results you're seeking. It's almost 4 years since I've used any of this, and my ageing memory is somewhat foggy, but I'll revisit the code if need be, in whatever spare time I have available....... if any of this is useful to you.

Sorry I can't be more helpful, but this is the best that I can do.

David
  • #631
  • May 8, 2017 3:24pm May 8, 2017 3:24pm
Quoting VEEFX
.......
I read your earlier post before you deleted it.

The functions you posted will return the start/end times of DST in both New York and Europe. However, I believe that:

(1) you'll still need to calculate the session start/end times that you want to look at, using this data; and

(2) there will be on-going maintenance required if the USA or Europe ever change their daylight saving start/end date rules (i.e. from second Sunday in March, etc). It's impossible to avoid that, no matter what approach you use.

Anyway, I'm glad that you found a solution that you're happy with.
  • #632
  • May 8, 2017 6:22pm May 8, 2017 6:22pm
Quoting hanover
{quote} I read your earlier post before you deleted it. The functions you posted will return the start/end times of DST in both New York and Europe. However, I believe that: (1) you'll still need to calculate the session start/end times that you want to look at, using this data; and (2) there will be on-going maintenance required if the USA or Europe ever change their daylight saving start/end date rules (i.e. from second Sunday in March, etc). It's impossible to avoid that, no matter what approach you use. Anyway, I'm glad that you found a solution...
100% Agree. Thanks David. Appreciate it bro.
Staying in my lane...
  • #633
  • May 9, 2017 8:30am May 9, 2017 8:30am
Quoting VEEFX
Hi David, Assuming you are okay with me deleting my posts (trying to avoid appear ungrateful towards your assistance), I have one more struggle. My EA is multipair, multi-timeframe running only on one chart and scans are trade signals only at new candle open across chosen timeframes. I just cannot figure out why this code does not work at weekly candle open. It skips all my W1 timeframe based signals. As a workaround, I have been opening these trades manually via script. I also make sure I start run my EA an hour before market open on sunday. I...

if (IsNewCandleMTF(PERIOD_W1)) vol_w1 =0; else vol_w1 =8888 ;

The above is in your start routine. You need an input variable to tell the code what timeframe you want.

input TFtoUse = PERIOD_W1 ;

if ( TFtoUse ==PERIOD_W1 ) vol_w1 =0; else vol_w1 =8888 ;


if (IsNewCandleMTF(PERIOD_W1)) vol_w1 =0; else vol_w1 =8888 ;
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #634
  • May 9, 2017 9:29am May 9, 2017 9:29am
Quoting TooSlow
{quote} if (IsNewCandleMTF(PERIOD_W1)) vol_w1 =0; else vol_w1 =8888 ; The above is in your start routine. You need an input variable to tell the code what timeframe you want. input TFtoUse = PERIOD_W1 ; if ( TFtoUse ==PERIOD_W1 ) vol_w1 =0; else vol_w1 =8888 ; if (IsNewCandleMTF(PERIOD_W1)) vol_w1 =0; else vol_w1 =8888 ;
Thanks TooSlow. I dont think that is it. I am not passing this input for any other timeframes. This EA runs at candle open of the chart timeframe where it is attached to.... so if it is running on M5, every 5 minutes, it will check for ALL timeframes (except MN1) to see if any have vol=0. Then depending on which timeframes have candle open, it triggers different set of functions.... except this is not happening for W1 at the first tick of Sunday open.

if(arg_period==PERIOD_W1) {
CurrentCandleW1=iTime(Symbol(),PERIOD_W1,0);
if (LastCandleW1 != CurrentCandleW1) { LastCandleW1 = CurrentCandleW1; return (true);}
else return(false);}
Staying in my lane...
  • #635
  • May 9, 2017 10:07am May 9, 2017 10:07am
Quoting VEEFX
It seems the first tick on Sunday is just not recognized. I am hoping you could point me in the right direction
I can't see anything obviously amiss in the code you posted, and off the top of my head I can't think of any reason why a weekly candle should behave differently to any other candle.
  • #636
  • May 9, 2017 11:26am May 9, 2017 11:26am
Quoting VEEFX
{quote} Thanks TooSlow. I dont think that is it. I am not passing this input for any other timeframes. This EA runs at candle open of the chart timeframe where it is attached to.... so if it is running on M5, every 5 minutes, it will check for ALL timeframes (except MN1) to see if any have vol=0. Then depending on which timeframes have candle open, it triggers different set of functions.... except this is not happening for W1 at the first tick of Sunday open. if(arg_period==PERIOD_W1) { CurrentCandleW1=iTime(Symbol(),PERIOD_W1,0); if (LastCandleW1...
You need to pass Period () to the routine doing the checks.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #637
  • May 9, 2017 1:17pm May 9, 2017 1:17pm
Quoting VEEFX
I also make sure I start run my EA an hour before market open on sunday. I have also tried this on brokers with both 5 and 6 daily candles/week. It seems the first tick on Sunday is just not recognized. I am hoping you could point me in the right direction
I didn't review the code, but have a comment.

Are you sure you even get a new W1 candle at Sunday open? Many brokers divide the week as Monday -> Sunday. (This is stupid, IMO, because you can't see the opening gaps, but that's what some do).

Also check the open close times of the candles, against what is actually in the data. Also, some brokers fool around with bar times in strange ways. E.g. on an H4 chart, you wouldn't expect to see 03:00, but some brokers do strange things to avoid having an H4 with just a single hour of data, so they weirdly munch the first or last few hours of data. Maybe they do something like that for W1 bars??
  • #638
  • May 10, 2017 4:23am May 10, 2017 4:23am
Hi Hanover,

https://www.myfxbook.com/members/vol...ccount/1855976

what do you think about this EA, will you be willing to pay for this EA? 6 months of track record is worth to judge the EA in your opinion?
  • #639
  • May 10, 2017 4:39am May 10, 2017 4:39am
Quoting Skat
Hi Hanover, https://www.myfxbook.com/members/vol...ccount/1855976 what do you think about this EA, will you be willing to pay for this EA? 6 months of track record is worth to judge the EA in your opinion?
I would be stunned, shocked, amazed .... if David even contemplated paying for an ea lol.
  • #640
  • Edited 5:33am May 10, 2017 4:53am | Edited 5:33am
Quoting claudia1
{quote} I would be stunned, shocked, amazed .... if David even contemplated paying for an ea lol.

Some things happen first time in life
Regards
skat
0 traders viewing now