Besides I found some indicator and I will try to estimate the profit leve using this indicator. It means we may have good and filtered enter and using this indicator we may exit in profit.

I am not very sure but seems Alex.Piech.FinGeR is the author of this indicator. I tried this T3 TRIX (ROC of T6).mq4 indicator a good exit point.

Also will try m15 time frame once again.

Attached Files

T3 TRIX (ROC of T6).mq4 (4.6 KB, 321 views)

I'm also studying how ksrobot avoid flat trades.

I will try to do a mix of both eas.

I think iTrend will increase our losses ... because we avoid some flat trades but enter so much late in others.

It works!
Yes.
Even for the m15 timeframe.
Of course I will test more.

The rules I selected are the following:

1.Waiting for the signals from PriceChannel_Stop_v1 indicator.

2. All the signals should be confirmed by iTrend indicator. In this case:

- if sell signal from PriceChannel_Stop_v1 (big red dot) the tick of iTrend indicator should be in red color (volume2) and above zero. It means the red tick (volume2) should be above DarkKhaki color tick (volume1).

- if we got buy signal (big blue dot) the DarkKhaki color tick (volume 1) of iTrend indicator should above the zero line.

- The signals should be fully confirmed if the above mentioned ticks (value) is more than:

0.15 for usdjpy M15; 0.19 for usdjpy H1;
0.0017 for gbpusd M15; 0.0044 for gbpusd H1;
0.0013 for eurusd M15; 0.002 for eurusd H1;
0.0015 for usdchf M15; 0.003 for usdchf H1.

3. If we get the signals from PriceChannel_Stop_v1 indicator and the signals were confirmed by iTrend indicator as mentioned on items 2 - it is OnlyEnterOnFullBars false.

4. If we get the signals from PriceChannel_Stop_v1 indicator but the signals can not be confirmed by iTrend indicator we will wait one bar more to be confirmed. It means we will have the signal on 1 bar and confirmation on 0 bar (to confirmed the signal which was 1 bar ago). It is OnlyEnterOnFullBars true.

It means we do not need to select true or false for OnlyEnterOnFullBars option: the EA will select it for us.

Thus we will open the order.

To exit we have one rule only:
- on the two line crossing of T3 TRIX (ROC of T6).mq4 indicator (value2 = value1 in T3 TRIX (ROC of T6).mq4 indicator);

I want to note that in our Brainwashing EA the OnlyExitOnFullBars (false or true) was a profit. We decided that profit. And we programmed as a profit. But it is stop loss! In our case it is S/L level.

We programmed Brainwashing before to work on stop loss level only! :cool:
That is why it was not profitable.

Now we have one exit rule:
- good one, more profitable - on T3 TRIX (ROC of T6).mq4 indicator.

The above mentioned coefficients (0.15 for usdjpy M15; 0.19 for usdjpy H1; and so on) is the subject to change. It means those coefficients will be changed every week.

T3 TRIX Cross = Take profit?

Good exit in some cases ... others ... very late.

iTrend 'flat levels' seems good to avoid entries.

Main question:

If entry signal appears in bar 'X' (e.g: 20).

And iTrend confirms in bar 'X+10' (e.g: 30), should we do the trade?

Best regards

Attached Images

exit t3.jpg (58.2 KB, 829 views)

I hope so. I think it is the only exit that we need (profit or without profit - irrespective of).

Problem was the following:
we have enter signal late (because of PriceChannel_Stop_v1 indicator). And not in the beginning of the trend even. Sometimes in the middle . And in this case we need to filter the signals because we do not need all of those signals (even the good signals). Just some signals which may be profitable in our case. And in this case the good exit was very improtant. This T3 TRIX Cross will give us the good exit. Almoust always in profit (if we filter the signals by iTrend).

Anyway it is more profitable than exit on the PriceChannel_Stop_v1 indicator.
Because exit on PriceChannel_Stop_v1 indicator is stop loss in the case of some news or something. We will always have exit on T3 TRIX because this exit is coming the first.

If we want to increase the profitability we will increase the coefficients (from 0.0017 for gbpusd M15 to 0.0020 for example). In this case we will trade just once per day on this pair but in profit. If we reduce the value of coefficients we will trade very often and sometimes in minus. But we will always exit on T3 TRIX indicator but in this case it will be more smaller minus).

If entry signal appears in bar 'X' (e.g: 20) iTrend should confirms in bar 'X' or 'X+1'. It should be confirmed in the same bar X or X +1. Not plus 10.

I understand your idea about confirmation on bar 10 for example. But it is an other idea and it should be an other system. Completely an other system.
But I estimated everything using X or at least X + 1 to receive at least some small part of the trend.

All the rules which I posted above were for X or X + 1 confirmation only. In this case looking for your image we may trade and finish soon having small profit. From the image I do not understand iTrend indicator. Is it m5? In some case the good trend will not be confirmed by iTrend indicator and we will not trade.

I may say more: using iTrend indicator we will filter the very good signals as well. We do not have any choice. We can not have all the money from the forex. Just some.

It is very easy for the people to post the request: "help with creation of EA using this indicator". It was a request. Without anything. We do not have any choice. Because of that I was thinking about good profitable EA having some small profit with minimum risk.

Today I have for about 4 signals ... not all of them profitable (with 0.002 level for gbp m15).

Attached Images

gbp15today.jpg (146.8 KB, 749 views)

This morning was very good: it was 4 signal at 8 am GMT, profitable but then my internet provider switched my ADSL line off (to repair something) for 1 or 2 hours. It was whole city without internet.
And I started to study Ishimoku.

So, I had to start once again tomorrow.
But for H1 still no trades. Nothing.

Hello, how goes current test?

Please find the results of manual testing the Brainwashing idea (see several posts above) for m15 and H1 from yesterday morning.
For H1 all two orders was closed manually before the T3 TRIX signal .

I may say that I am still thinking up to now and iTrend may filter the signals and orders may be closed on T3 TRIX crossing. It works.

All the orders were closed in profit

Attached Files

	Brainfilter.htm (4.5 KB, 253 views)
	Brainfilter1.htm (4.8 KB, 174 views)