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I think using any kind of indicator is a bad idea. The strength of the system is because it depends on price action and adding any derivatives and degrees of freedom will only degrade the performance.
Just my $0.02.
Maji
KISS-"Keep it simple stupid". I agree with your statement, however JO has a great idea and stochastics on a one minute chart can get you better entry points. For example, we are entering into a long position from 'Price Action'. The final check is to see if (k>d)on M1. If K>D then the order will go through immediately. If not it will wait until it has crossed, and then enter the order. It won't limit the amount of trades; only get better entry points... just my 2 cents
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
I don't like to have orders with no SL or no TP and when using superclose(), there is no TP untill Trailing be activated. So I ask why not set an initial takeprofit (before superclose set one) to be secured in case of computercrash. That's why I proposed two times the value of takeprofit variable.
Also to initiate on the test plan, parameters are:
Stoploss: 10 to 30?
Takeprofit: 20 to 100?
TimeFrames: M1 M15 H4 Daily Weekly..
Currencies: 12 from Holyguy7 selection? only those with a little spread (<=5)?
those are just suggestions.
Ok, I see what you mean now. It's fairly easy to do. I use a dedicated server with 100% up time, so i neglect to think about things like that.
And here are some notes on the superclose(). I was hoping to be able to have the ability to track TS prices by the ticket number, so you can set MaxTrades to more than 1 AND be able to trail by less than 10 pips.
PHP Code:
void SuperClose(){
for(int i=0;i<OrdersTotal();i++){
if(OrderSelect(i,SELECT_BY_POS)){
if(OrderSymbol()==Symbol() && OrderMagicNumber()==ID){//Pulls in order that meets the criteria for processing
int num=0;int pos=0;
for(int b=0;b<21;b++){// this (loopB) compares the ticket# of the selected order against the number stored in the ticket array
if(tsTicket[b]==OrderTicket() ){
num++; pos=b;// if ticket numbers match, pos is the position in the array where the trailing data is stored
Print("(",pos,") Ticket ",tsTicket[pos]," found. SL is ",tsPrice[pos]);
break;
}
}
if(num==0){ // if the loopB did not find a matching ticket number it is time to initialize the data
for(int j=0;j<21;j++){
if(tsTicket[j]==0){// this is looking for the earliest instance within the array to store the data
pos=j;
break;
}
}
tsTicket[pos]=OrderTicket();// setting the ticket number
tsok[pos]=false;// this is to determine when trailing kicks in
Print("(",pos,") New ticket initialized = ",tsTicket[pos]);
}
if (OrderType()==OP_SELL) {
if (!tsok[pos] && (OrderOpenPrice()-Ask>=TSactivation*Point || TSactivation==0 ) ) {// if the trailing factor is false, but it has hit the activation point continue
tsPrice[pos]=Ask+TrailPips*Point;// this is the new trailinf stop price
tsok[pos]=true;// it's ok to proceed with trailing stop
if(TrailPips>8){// if this distance from the current price to the new stop, then modify the order.
ModifyStopLoss(Ask+TrailPips*Point);//modifies order
}
}
if (tsok[pos] && Ask+TrailPips*Point < tsPrice[pos] ){//if the position is gaining in profit
tsPrice[pos]=Ask+TrailPips*Point;
if(TrailPips>8){
ModifyStopLoss(Ask+TrailPips*Point);
}
}
if (tsok[pos] && Ask >= tsPrice[pos] ){// if the postion hits the stop price
CloseOrder(2);
Print("Order ",tsTicket[pos]," Closed from TS");
}
}
if (OrderType()==OP_BUY) {// reverse of SELL
if(!tsok[pos] && (Bid-OrderOpenPrice() >= TSactivation*Point || TSactivation==0 ) ) {
tsPrice[pos]=Bid-TrailPips*Point;
tsok[pos]=true;
if(TrailPips>8){
ModifyStopLoss(Bid-TrailPips*Point);
}
}
if (tsok[pos] && Bid-TrailPips*Point > tsPrice[pos] ){
tsPrice[pos]=Bid-TrailPips*Point;
if(TrailPips > 8){
ModifyStopLoss(Bid-TrailPips*Point);
}
}
if (tsok[pos] && Bid <= tsPrice[pos] ){
CloseOrder(1);
Print("Order ",tsTicket[pos]," Closed from TS");
} } } } }
for(i=0;i<21;i++){// this searches the array for ticket numbers that are now obsolete due to an order that has closed
if(tsTicket[i]>0){
bool found=false;
for(b=0;b<OrdersTotal();b++){
OrderSelect(b,SELECT_BY_POS);
if(tsTicket[i]==OrderTicket()){
found=true;
break;
}
}
if(!found){// if there are matching ticket numbers in the trade pool and the array then nothing happens
tsTicket[i]=0;tsPrice[i]=0;tsok[i]=false;// if there is an obolete ticket the the data is reset. And the next new ticket data can occupy this space
Print("Array pos ",i," Cleaned");
} } } }
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
Last edited by Nicholishen; 03-27-2006 at 06:15 PM.
I was hoping to test out Profit Generator 2.4. It has not placed any trades from 630GMT.....Has it been placing anyother trades for anyone. TF15 $/CHT, £/$, Euro/$..
Please let me know, as I think this is a good EA in principal.
I was hoping to test out Profit Generator 2.4. It has not placed any trades from 630GMT.....Has it been placing anyother trades for anyone. TF15 $/CHT, £/$, Euro/$..
Please let me know, as I think this is a good EA in principal.
You will get less trades because the first criteria is that the present bar has to be greater than the value of LongBar in length. I would recommend a smaller candle on the lower TF.
__________________
"Anyone who has never made a mistake has never tried anything new." -Albert Einstein
nothing more since last post about this (gbpusd still loser) but i'm running on H1 and daily and I kept longbar=15.
let's wait this night (overall for jpy pairs)
Last edited by jojolalpin; 03-27-2006 at 06:31 PM.
nothing more since last post about this (gbpusd still loser) but i'm running on H1 and daily and I kept longbar=15.
let's wait this night (overall for jpy pairs)
I have noticed that the GBPUSD seems to work better on the Daily chart:
TP: 40
SL: 30
No Timefilter
Longbar: 10
Just seems more reliable. EURUSD and USDCHF seem to do better on the H1 chart with longbar at 15 and timefliter on.
I am struggling right now as the major currency pairs are giving me fits with this EA. Anybody been successful on the major currency pairs??? If so, please post your findings.
Linear Mode
