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Originally Posted by european
I looked at the code of EAs - nice job, MrPip!
2 questions please:
1. have you considered or use Flat Trend w MACD (KusKus setup) in v2.4. It seems filters nicely StepMa_Stoch signals as well.
2. If the major trend and BB_Stops is UP, EA seems still opens LONG trades when price is going temp. down and in retracement - is there any setting in EA to avoid it?
Thanks
euro
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Euro,
In answer to you questions.
1. FlatTrend was tried as was GMACD and DigiStoch. They did not help to filter bad trades that much. I even tried MA_Angle with the 4 standard MAs as well as HMA, LSMA, Ehlers iTrend and nonLag as MA types. I looked at other filter ideas that were never posted because they did not help either.
DamianiVolatmeter worked as the best filter so far.
StepMA_Stoch is used in the indicator Hist_StepMA_Stoch_KV1_Ex_03.
2. The trend is no longer used as an entry rule unless you turn on the switch for useTrendEntry. Backtest results showed that trading with the major trend as defined on the 1 hr and 4 hr charts did not help.
As for trades placed on retrace, the only thing tried so far is the useCandle rule that checks to see if the current candle is moving in the direction of the other signals. This helped a little but we still get some trades in what look to be the wrong direction. There are trades like this in the backtest results that eventually turned around and made profit. That is the reason for the large stop loss. Of course, there are also trades that ended up a loss.
I do not believe it will be possible to avoid all losses. But if we keep them to a minimum then we have a profitable EA.
Robert