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I've made some changes to the FerruFx_Multi_info+_light_chart_v1.1.mq4 indicator. Namely, choose a corner of the chart to put everything. I cleaned up the code for this as well.
Here's the errata:
// Nondisclosure007 edits:{
// Changed up the corner display to allow user to show which corner.
// However, when choosing the lower left or lower right, tables get reversed.
// Metatrader changes the XY axis dependent on the corner chosen. It makes absolute 0 on the corner.
// Depricated variables: Corner_timeframe, Corner_line, Corner_text, Corner_value, Corner_pivots
// Added Global Corner. Places all indicators in same corner
// Bug list:
// Placing these in the lower corners will print tables upside down.
// ToDo list:
// Fix Bug list.
// Create 'objects' to hold table placement so that each object can be placed in it's own corner (will have to use current XY externs to seperate tables.
// }
As soon as I get time, I'll work on the Bug List and ToDo list.
I HAD a question on the pair/time frame table, but as I typed this, I know why I don't have numbers in there. I don't have a current order! DOH!
Don't apologize. You don't do anything wrong. Your tool is a good one and when i have time i would look at if i can put into my indic.
FerruFx
Hi FerruFx & Mr Pips,
I know this thread is strictly for discussion of the FerruFx indicator and not xMeter_EA, but you have stated that you may incorporate this indy into yours, so I believe this is relevant.
I have noticed that whenever the !xMeter_mini (or xMeter_EA as the latest version is now named) is loaded on a chart, it takes at least 2-3 seconds to change the chart from one TF to another. This occurs with nothing else on the chart, other than candles/bars, so no other indy can be causing the screen to freeze for 2-3 secs before changing.
I have a reasonably fast dual processor, powered by the fastest DSL service available, DSL Xtreme 6.0, that changes all my charts instantaneously, in a micro second. That also includes charts loaded with several indys, plus the FerruFx indy with its 14 individual indys monitored simultaneously over 6 different TF's.
So why is the xMeter Ea causing the chart to change so slowly, as it is not monitoring that much info, in comparison to the FerruFx indy? Is it the way the program is written and is greedy, demanding excessive processor time? or is there some other explanation and this is assuming you and others are experiencing the same fault.
In a sometimes busy, stressful trading environment a 2-3 secs delay is not acceptable between TF changes (as that can seem like 2-3 mins), especially when scalping. It is a nice, neat, little indy, but as it is right now, I will not be placing it on my charts. This delay may be perfectly acceptable to many people, but I am only bringing it to your attention Ferru, in case you:-
i) Haven't yet noticed, but with your programming skills may be able to find a solution to the problem or perhaps Mr Pips can.
ii) If you seriously intend to incorporate it into your indy and the fault still exists, then please consider offering the user the option to leave it out by selecting 'false'.
I appreciate all the work and effort you are putting into still improving the FerruFx indy right now, so this issue is not urgent at all, but I would appreciate, as always, your comments on the matter.
Sorry for the late reply. I work on too many things at the same time! Coding, coding, coding ... and trading!!!
For the !xMeter, it's a very great tool and i use it now on each platform. But i think it isn't a good idea to implement it in my indicator because both of them are big energy user. The best use of the !xMeter is to put it on a unique chart, no matter which TF and pair, and minimize it like the picture attached.
For the EAs, it's a hard work to test them (plenty of parameters!!!). The first results are promising on H4 with the "reverse" version (see attached for the parameters).
Sorry for the late reply. I work on too many things at the same time! Coding, coding, coding ... and trading!!!
For the !xMeter, it's a very great tool and i use it now on each platform. But i think it isn't a good idea to implement it in my indicator because both of them are big energy user. The best use of the !xMeter is to put it on a unique chart, no matter which TF and pair, and minimize it like the picture attached.
For the EAs, it's a hard work to test them (plenty of parameters!!!). The first results are promising on H4 with the "reverse" version (see attached for the parameters).
I start monday forward testing on demo.
Hi FerruFx,
You are quite correct. I agree the !xMeter is best used on a dedicated chart due to its high energy usage and in fact rlinac had PM’d me with the same suggestion.
Congratulations on completing the EA by the way, you certainly have been working hard.
I am pleased to note, with the EA you are now targeting fewer pips, 30 only, which should help to increase its success rate consistency. I think if this type of trend forecast indicator is being used, as the only source of signal to determine a ‘buy’ or ‘sell’ trade, then the fewer the pips target the better.
Please don’t forget, whenever you get the time to program into the software, a means for backtesting, as you suggested in post # 172. Results produced by any EA are only as good as the strategy, pips target, frequency, parameters etc that are programmed into it, as determined by its creative efficiency. This can only be achieved once the weaknesses and strengths of this indicator are determined and preferably by manually backtesting, which so far it has not been possible to do.
Will you please answer a few questions:-
i) Are you testing a new trading strategy with the EA, (besides lower pips target), as the one illustrated on the ‘Strategy Tester Report’ differs from your original, which was to only open a trade at 00:00 GMT? No need to disclose at this moment, just curious.
ii) Are the times shown in the report the MT4 server time? i.e. GMT + 3hrs.
iii) It would appear from the report that you only take a trade if the ‘Trend’ meter shows strong at 80%+, is that correct?
iv) What do you mean by “The first results are promising on H4 with the "reverse" version”? I have looked at the parameters in the EA and you look to have included the D1, so I don’t follow your reference to H4.
It will be very interesting to see the forward testing results, when you have them available.
i) Are you testing a new trading strategy with the EA, (besides lower pips target), as the one illustrated on the ‘Strategy Tester Report’ differs from your original, which was to only open a trade at 00:00 GMT? No need to disclose at this moment, just curious. Yes, as I had said in a previous post, the come-back of the volatility on GBPJPY urged me to change strategy. The test is on H4 and trade if at the open of a new candlle the level (eg 80%) is reach.
ii) Are the times shown in the report the MT4 server time? i.e. GMT + 3hrs. my server time is GMT
iii) It would appear from the report that you only take a trade if the ‘Trend’ meter shows strong at 80%+, is that correct? YES, if UP is 80%, i go short (i use the reverse EA)
iv) What do you mean by “The first results are promising on H4 with the "reverse" version”? I have looked at the parameters in the EA and you look to have included the D1, so I don’t follow your reference to H4. It means that trading on a H4 chart seems to be promissing.
It will be very interesting to see the forward testing results, when you have them available. Starting tomorrow. Wait and see ... !!!
Excuse my misunderstanding, as I had no idea that your latest trading strategy is 'contrarian', which involves trading against a strong trend and is the direct opposite to your original strategy. I misinterpreted 'reverse' version for 'revised' version (assuming the revised version was reducing to 30 pips only), so my fault, I must have missed something along the way.
The trading strategy you are now using to test the EA appears to be:-
i) Wait for a green candle to close.
ii) If the TREND meter is showing a continuing 'UP' trend, with a strength of at least 80%, then immediately enter a SHORT trade (presumably at the open price of the next candle).
iii) Place a 30 pip TP and a 100 pip SL and wait for either to be reached.
iv) The exact opposite will apply for entering a LONG trade.
Is that correct? Am I interpreting the trading strategy accurately now?
FerruFx and Mr Pip - xMeter_EA observation!
FerruFx......great progress!
Linear Mode
