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I have been watching other people's and my own trades of this fab EA for several weeks. I think it's good at defining major trend and the main underlying logic works well that is why it can often recover from temp losses.
One area it can be improved and that would increase profitability is better entry points. Sometimes it opens a trade while in retracement and occasionally at the end of the trend.
If CCI_Woodie with LSMA can be used to avoid these problems, that would improve the EA, may be CCI will replace one of the existing filters (if there are too many already).
1. If LSMA (say on 15 Min chart) is Red never open a Buy position at this point and the other way round. (red arrows on the chart)
2. If CCI_14 or CCI_34 reached +200 level (overheated) dont open a new Buy position but let existing run as usual. ( left yellow arrow on the chart)
Or another indi can be used to detrmine tops and valleys. (RSI or Williams)
3. If one of two co-related pairs, say GBP/JPY and EUR/JPY, is exhausted and started moving in the opposite direction, would be useful to close the 2nd pair even if it hasnt reached its TP.
I can provide 'iCustom' code to get values from CCI_Woodie.
good entry we had like 100s idea of good entry but how good they are ?
like if you use ASCTrend or Nina or Fisher you will have early entry but are they good enough enough to decide to open the trade ??? I am not sure, we will have to run tests along with Diminai voltmeter to decide, anyhow in the setting of the EA there are lots of indicators , you can enable or disable some of the inidcators that decide the entry point that will give you an early entry , because for a tarde to happen all the indicators have to be true or no trade? Mrpip porgrame it so we can play with the setting.
Very Good idea but, pls any tests for changing the setting keep a record and let us know, all you have to do is disable some of the indicators by setting thier value to 0.
good entry we had like 100s idea of good entry but how good they are ?
like if you use ASCTrend or Nina or Fisher you will have early entry but are they good enough enough to decide to open the trade ??? I am not sure tests will have to run along with Diminai voltmeter to see, anyhow in the setting of the EA there are lots of indicators are used you can simply enable or disable some of the inidcators that decide the entry point that will give you an early entry , cause for a tarde to happen all the indicators used to have to be true or no enmtry ? Mrpip porgrame it so we can play with the setting.
Very Good idea but, pls any tests for changing the setting keep a record and let us know, all you have to do is disable some of the indicators by setting thier value to 0.
Good work
good entry is important thing.
But I think even more important is to have good exit. This is exit when you have profit or loss
With the EA I had so far many trades that:
- started very bad and continued like that until initial SL
- started very bad but then recovered and hit TP
- started very well, made o lot of "paper profit" but then all has been lost and went down to initial SL - Of course this is most confusing
So I think It might be better to take profit by trailing (closelly) SL than by "wishfuly set" TP.
But after taking such profit, EA should be cautious with opening next trade. There should be somekind of very shortterm indicator of direction and dynamics of movement to confirm existing signal. Especially when original signal is quite old.
good entry we had like 100s idea of good entry but how good they are ?
like if you use ASCTrend or Nina or Fisher you will have early entry but are they good enough enough to decide to open the trade ??? I am not sure, we will have to run tests along with Diminai voltmeter to decide, anyhow in the setting of the EA there are lots of indicators , you can enable or disable some of the inidcators that decide the entry point that will give you an early entry , because for a tarde to happen all the indicators have to be true or no trade? Mrpip porgrame it so we can play with the setting.
Very Good idea but, pls any tests for changing the setting keep a record and let us know, all you have to do is disable some of the indicators by setting thier value to 0.
Good idea
A question to MrPip,
plz
Any existing/built-in filter/switch identifies the end on of the trend?
So I think It might be better to take profit by trailing (closelly) SL than by "wishfuly set" TP.
But after taking such profit, EA should be cautious with opening next trade. There should be somekind of very shortterm indicator of direction and dynamics of movement to confirm existing signal. Especially when original signal is quite old.
-
The problem with Trailing Stop - in choppy markets a small trailing stop can be easily hit. Big TS is as good as SL.
My ideal EA would be able to differentiate between flat, choppy, ranging and trending markets !!!
>>EA should be cautious with opening next trade<< easily said but not so easy to implement, may be Damiani can help?
But I think even more important is to have good exit. This is exit when you have profit or loss
With the EA I had so far many trades that:
- started very bad and continued like that until initial SL
- started very bad but then recovered and hit TP
- started very well, made o lot of "paper profit" but then all has been lost and went down to initial SL - Of course this is most confusing
So I think It might be better to take profit by trailing (closelly) SL than by "wishfuly set" TP.
But after taking such profit, EA should be cautious with opening next trade. There should be somekind of very shortterm indicator of direction and dynamics of movement to confirm existing signal. Especially when original signal is quite old.
-
You have little understanding about how this EA works I will suggest that you read the thread from the start or read ISAKAS, apart from 5 Hours break today during US market ( electricity break down due to snow in my region ) this EA was working since the 5th of March which is 4 days and we had an average 750 $ per day.
And still you are saying you see bad entries and good entries end up bads, over all its bad ... I just don't seems to get it, the statement is my reply thats all.
The problem with Trailing Stop - in choppy markets a small trailing stop can be easily hit. Big TS is as good as SL.
My ideal EA would be able to differentiate between flat, choppy, ranging and trending markets !!!
>>EA should be cautious with opening next trade<< easily said but not so easy to implement, may be Damiani can help?
What I understand you want to mix between two EA one that works for ranging market and target 10 to 20 pips and one for trending market that targets 50 and more pips ... good idea but will take time to code.
This way you need to set up two set of rules and two set of EA ... I have an easy solution for this run two charts put v2.4 on one chart and put on the other one the EA you think is good for ranging market.. set the dimiani voltermeter to higer value so only strong move will enable a trade on v2.4, during this time the other EA is taking care of the ranging market.
Linear Mode
