I posted my experience with 1a here:

http://forex-tsd.com/showpost.php?p=827&postcount=31

For me the exit has some problems as well...


Sada

Hello Newdigital.

Please explain me how should be used iTrend in this algorithm.

I will try to fix current bugs and add some filters.

Best regards

I am trying to use many indicators as a filter from yesterday evening till now.
I recognized that it is the problem not for this particular trading system only. It is the problem for all signal systems posted in our forum here

I found two ways. The first is the standard one. Standard DeMark indicator. But the problem to use this Demark in our system is that default settings of DeMark indicator does not work in our case: it is necessary to use different settings of indicator, for our system especially.

And you are right. An other way is the Trend indicators. There are several iTrend indicators. If you are talking about iTrend indicator so look on the image. The standatd value to avoid trading is 0.0015. It means if the value of the indicator is between plus 0.0015 and minus 0.0015 we are not trading. We do not trade between + 0.0015 and -0.0015. This value is very sensitive: some people say that if we have +0.0017 and -0.0017 so we may trade not very aften but we may avoid any risk. Thus, the parameter of this indicator is the risk.

Attached Images

trend1.gif (10.8 KB, 540 views)

Attached Files

iTrend.mq4 (3.3 KB, 138 views)

Hi All,

My statement of the Brainwashing v0.1
I put this parameters:

Lots = 1;
StopLoss = 5;
TakeProfit = 100;

useProfitTrailing = True;
TrailingStop = 30;
TrailingStep = 10;
Slippage = 3;
(Ticket 1806295 closed manual)
CalcBackBars = 1;

Cheers

Attached Files

Brainwashing v01.htm (8.7 KB, 286 views)

The iTrend indicator may be used in this system and for other signal systems as well.

If some people like to trade manually they may use i_Trend indicator. It is the same indicator with iTrend but have visualization easy to trade manually.
See image.

Attached Images

trend2.gif (13.5 KB, 515 views)

Attached Files

i_Trend.mq4 (3.3 KB, 122 views)

Ok, so no trend = near to 0?

Thus, if the value of iTrend indicator is less than 0.0015 we are not trading. It means the following:
- we have the signal to buy. If we use 1 bar (OnlyEnterOnFullBars is true) we must have the DarkKhaki color line more than 0.0015 on the bar next to the signal. In this case we buy.
- we have sell signal. For the 1 bar calculation we will really sell (EA will sell) if the Red line of the iTrend indicator is more than 0.0015 (on the next to the signal bar - if OnlyEnterOnFullBars is true).

Any other signals must be irnored. If we will use more than 0.0015 (0.0018 for example) we will trade with more minor risk but will have just a few trades.

Attached Images

trend3.gif (13.4 KB, 586 views)

I just experimented with this iTrend indicator and I observed that this value or limit of 0.0015 should be different for the different pairs.
0.0015 is valid for chf only.

And i found the coefficient which may be usefull with this iTrend indicator. The value is 0.283.
It means if we have maximum of this indicator as 0.0143 we may multiply by 0.283 (it is about 0.004) and will draw the line on the level of 0.004. See image. Problem is that I will do it all the time because we have the different maximums in the different timeframe, pairs, time of the day etc.

I will try to trade manually using this system.

Attached Images

bt_fil.gif (11.1 KB, 578 views)

I finished with M15 timeframe. It was big preparation: I estimated some coefficients for iTrend indicator and tested manually on 4 mail pairs. Sorry it was not successful for m15.

Reason is that the signal from the main indicator (PriceChannel_Stop_v1) is coming too late for the 15-min timeframe and confirmation from iTrend indicator is not exactly at the time as well.

So, I am trying the H1 timeframe. Will use 4 main pairs, PriceChannel_Stop_v1 indicator and iTrend indicator. Price_Channel indicator will use just for orientation only. I will filter the signals using iTrend indicator and will ignore any signals from the PriceChannel_Stop_v1 indicator if the value (which is above the zero line: value2 or value1 depends on the signal of PriceChannel_Stop_v1) of iTrend indicator is less than:

0.19 usdjpy
0.002 eurusd
0.003 usdchf
0.0044 gbpusd

So let's see tomorrow.