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iv) In order to arrive at the TREND, either “Up” or “Down”, have you weighted your calculations in any way, progressively from M1 to W1 in favor of the longer TF’s, due to longer TF’s having a greater influence over the direction of the trend. This does of course more apply to the overall, underlying trend and not necessarily the shorter term ‘trend of the moment’. Or is each TF treated equally?
Perhaps a good idea to weight the calculation.
Do you have an idea of formula? Right now, the formula is as simple as 1+1. Maybe that a coefficient (i don't know if this word is good in english) applied to the high TF is a good filter for false signals.
extern bool enableBuf = false;
if (enableBuf) { SetIndexBuffer(0,TrendUPBuffer); SetIndexBuffer(1,TrendDOWNBuffer);}
then you can add to set buffers for true in the expert icustom
i havent tried doing that with icus but should work in theory\
or u can set it to true by default then just disable it when your not using it with an ea
extern bool enableBuf = false;
if (enableBuf) { SetIndexBuffer(0,TrendUPBuffer); SetIndexBuffer(1,TrendDOWNBuffer);}
then you can add to set buffers for true in the expert icustom
i havent tried doing that with icus but should work in theory\
or u can set it to true by default then just disable it when your not usingn it with an ea
Yes it's possible you have a smaller (screen!!!) than me.
Thank you for anwering all of my questions. My monitors at the moment are 19", but I have solved the problem by adjusting my screen display settings to 1280 x 720 pixels, which now display the full length of the indicator perfectly. Thankyou for the template, which unfortunately didn't help any, as it required the settings changing.
As regards weighting the calculation, I don't have any suggestions for this, other than to speculate that the accuracy may be improved by adding bias to the longer TF's. I have traded for years, but I am sorry, I know nothing about EA's or programming and have only recently started using the MT4 platform, so unfortunately cannot help with this issue.
ii) If for example you are in a long trade, because trend was “Up” at time of entry and the trend now turns against you to “Down”, do you immediately exit the trade, regardless of what time? (You answered NO)
By answering NO, do I take it that even though the trade is going against you, you will stay in the trade until 00:00 GMTand only then exit if trend is showing "Down" and at the same time enter a short/sell trade? This means that you may have held the trade open for several hours incurring a drawdown, which may be in the region of 100-150 pips, especially with GBP/JPY. Exit strategies are a whole issue unto themselves, but I am just trying to get an exact feel as to how you have tested it so far.
As a matter of interest, what is the highest, single loss you have suffered to date?
As regards weighting the calculation, I don't have any suggestions for this, other than to speculate that the accuracy may be improved by adding bias to the longer TF's. I have traded for years, but I am sorry, I know nothing about EA's or programming and have only recently started using the MT4 platform, so unfortunately cannot help with this issue.
Any skill of programming is required for an answer. I just need your experience of trading for know which TFs i can add a "coef" for make them more accurate. After, i haven't any problem for implement it in my code.
Quote:
Originally Posted by yorkyjohnny
ii) If for example you are in a long trade, because trend was “Up” at time of entry and the trend now turns against you to “Down”, do you immediately exit the trade, regardless of what time? (You answered NO)
By answering NO, do I take it that even though the trade is going against you, you will stay in the trade until 00:00 GMTand only then exit if trend is showing "Down" and at the same time enter a short/sell trade? This means that you may have held the trade open for several hours incurring a drawdown, which may be in the region of 100-150 pips, especially with GBP/JPY. Exit strategies are a whole issue unto themselves, but I am just trying to get an exact feel as to how you have tested it so far.
All my tests were made without SL. If the target isn't reach at 23:59 GMT and if the trend isn't the same way (buy or sell) of my opened position, i close. Yes i can lose some pips, but many times the trend reverse and if i had set a SL, the trade close whereas the trend go in your way.
Right now, before sleep i set a stop to 100. If the GBP/JPY return to its volatility of the beginning of this year, i would increase. When i wake up, it's time to me to look at the 23:59 GMT rules!
Quote:
Originally Posted by yorkyjohnny
As a matter of interest, what is the highest, single loss you have suffered to date?
-101 pips the 23th of april (test)
-93 pips in real life yesterday (7/8 of may)
FerruFx.....thanks!
Linear Mode
