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LinkBack (63) | Thread Tools | Display Modes |
07-11-2006, 08:42 AM
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NonLagMA indicator is some kind of digital filter. It means that price may go anywere and indicator's line is just indicator's line only. And AbsoluteStrenght indicator is showing the current market situation (not the situation "in the future").
So how to reduce the losses in this case? AbsoluteStrenght indicator may have the same rule as MACD (look at the image attached). If blue line is above brown line and blue line is above blue signal line as well - so it is strong buy signal. And we may look at the angle of crossing of blue and brown lines. The trading rules for AbsoluteStrenght indicators are the same with MACD (signal line) and digital filters (angle).     
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07-11-2006, 08:55 AM
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It is the other image illustrating this AbsoluteStrenght indicator.
I know that some people are using the angle of crossing in EAs based on EMA crossing. they are doing it as pips or in pips ... I don't know how they are doing it but this "angle" is well-known for some programmers and they are using it not for digital filters only. And signal line is used in MACD indicator (the same rule).
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07-11-2006, 11:09 AM
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For example: Code:
double f1u = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,0,i);//up
double f2u = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,0,i+1);//up
double f3u = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,0,i+2);//up
double f1us = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,2,i);//up_sig
double f2us = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,2,i+1);//up_sig
double f3us = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,2,i+2);//up_sig
double f1ds = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,3,i);//up_sig
double f2ds = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,3,i+1);//up_sig
double f3ds = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,3,i+2);//up_sig
double f1d = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,1,i);//dn
double f2d = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,1,i+1);//dn
double f3d = iCustom(Symbol(),0,"AbsoluteStrength_v1",Mode,Length,Smooth,Signal,Price,ModeMA,1,i+2);//dn
if(f1u > f1d && f2u > f2d && f2u > f2us && f1u < f1us)
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07-11-2006, 11:13 AM
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On this image we may see which line is which one.
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07-11-2006, 11:21 AM
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I am not sure that it is understandable from the image attached.
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07-11-2006, 11:44 AM
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Thanks NewDigital,
I might try to incorporate the Absolute exit into the EA. I guess no exit will be perfect in every circumstance, you just have to pick one which suits your trading style. My demo is currently short both the Gb/us & Eur/Us from about 1200 yesterday and the EA should have closed both trades. As I stated before the ASCTrend exit and NonLagMA exit functions are not working. Would you mind having a look at the EA and see if it something easy to fix. Waltini
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07-11-2006, 11:46 AM
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Because what is ASCTrend system?
1. we may have some part of the trend. It means that we can not "convert" all the pips from the big trend onto the profit. We can trade some part of the trend. 2. we can re-enter (if we want). 3. we have exit (one or two - up to us); 4. we have several rules to trade; 5. we have sets of indicators; 6. we have Non-Trading Zones on the chart. 7. and we should have all the indicators connected to each other (by library files or any). For examle, we should have exit for particular order. Not just exit. We don't have it now 8. And, finally, all the system should be self-trained. It means that indicators should look at the history for more better settings adjusted automatically. We don't have it as well. If we make #7 and #8 so this system will be complete. But I have no idea now how to do #7 and #8. Will wait for this thread Self-trained MA cross! to be more developed to see some example. Or may be some idea will come about how to do it. I am not talking about EA. I am talking about manual trading system. ASCTrend system only. Last edited by newdigital; 07-11-2006 at 11:49 AM.
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07-11-2006, 11:53 AM
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I am not professional coder but I can see something inside the code.
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07-11-2006, 08:41 PM
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Also, If you are using EA v7.1 - there is a problem with the stop loss, and it never fires. 7.2 fixed that (unfortunately I didn't notice until too late.  ), but still has the same issue with the RSI Filter.I'm working on v8 that will allow multiple re-entries and 8.1 that will work on sort of a multi-point system, more along the lines of how ND described above. If ASCTrend is saying sell and RSI disagrees, but Absolute strength and NonLag are both in agreement and there is some configurable amount of profit, then sell, etc. Also looking into adding Risk-to-reward ratio on the multi-point system. Essentially, the better that ratio, the less confirmation the EA will require on opening a trade. Don't know if it will add up to a bunch of profit, but watching this EA trade for 19 out of the last 24 hours, I've been cringing at what good indicators are around that the EA doesn't catch. I absolutely mean no disrespect to the original writer by saying that though - he even said it was preliminary. Also, it is providing an awesome base to start my tinkering from. Anyone have any other thoughts on how to improve this EA? I'll attempt to code it if it makes sense... Thanks, -cubesteak Last edited by cubesteak; 07-11-2006 at 09:40 PM.
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