Hi New Digital
Could I just check the following with you:
1) which Delta indicator are you using? I tried the one from the AscTrend system, but it has the title of SmWPR at the top of the code It seems to look different from the one in your charts Also one which charts a histogram
2) Are you using the default settings for both EAs ?
3) What would be the difference between the 2 EAs in newbie language, please?
Thanx so much for all your wonderful contributions

Well.
I will answer on all the question even if you all did not ask.

Q: What is Delta?
A: It is MA channel. Attach any MA (EMA or any) indicator on the chart. And set "Levels" to +7 and -7 (or what ever). So you will see the MA channel with Delta=7.

Q: What the entry conditions was programmed in this EA concerning Delta?
A: When SignalEMA is crossing ther upper border of the channel (MainEMA+Delta) - buy. If SignalEMA is crossing lower border of the channel (MainEMA-Delta) sell.

Q: Why we need this Delta?
A: No idea. I wanted to have some filter. Anyway we may set Delta to zero (0) and EA will work without this Delta. Probable we don't need any Delta. It was easy to code so I coded it.

Q: There are 2 versions of EA. What is the difference? Which EA to use?
A: The first version is more corresponding with the main theory. It is ready to test. The version #2 is still under development.

Q: Why we have different settings for version #1 compare with the theory? It should be 8, 21 and 55 EMA but it is not in pe-set files ...
A: I optimized the settings and backtested it back to 2001 with 90% modelling quality to find the profitable settings. Profitable in long way run. The settings (pre-set files) and EA you may find in this thread somewhere - look at my previous posts. So it may be profitable if we are using this version #1 during the 1 or more year.

Q: Why we have version #2?
A: many people said that version #1 is not trading often (it is true). And many people do not want to wait 1 year for example to have good profit (future possible profit!). Besides as we see from backtesting results of version #1 so it is profitable for some years only. It is not profitable every year. So it is necessary to use this version during the 2 or 3 years. Big distance from now . That is why the other members suggested to develop the second version.

Q: What was changed in EA to be a version #2?
A: It was some suggestion about re-entry. For example, we have uptend concerning MainEMA. EA took the order (buy). But suddenly the order was closed by SignalEMA-CloseEMA crossing. But the main trend may be continuing without us! So it was a suggestion to enter once again. I asked Igorad to help me with version #2 but seems it was many bugs in coding and I corrected it in version #2.1. But this version 2 (or 2.1) still need to develop more. The version #2 is still under develpment.

Q: Which version is more risky to use?
A: Version 2 of course. This version is still under development but it is much more risky than version #1. Why? Look at the accrete's post above. It was the explanation: EA may take some good pips according to the first entry condition and close the order. But downtrend is continuing and the EA may open new sell according the second condition. To get more pips. But as i said the downtrend was continuing but it was started long time ago and it may be reversal soon. So if we have good continuing trend so the second condition is helping us a lot. But if not? If trend just started in the morning and finishing in the evening and we re-entered (the other sell) in the end of the trend (reversal)? Yes it will be losses.

Q: What is the main problem with this kind of EAs?
A: This EA is EMA-crossing kind of EA. There are two programming approach concerning EAs based on EMA crossing:
- "Russian" approach: no one EMA crossing EA will be profitable for the long way run because market is changing and it is necessary to change the settings of the EAs together with the market. It is very risky EAs. MA indicator is the most bad/unreliable indicator. This approach came from some old american books/magazines.
- "American" approach: EAs based on EMA crossing are very profitable. MA indicator is the most good/reliable indicator. We need just optimize the settings of EAs once per week/month for the next month. This approach came from some old american books/magazines as well.
- new approach: EAs based on MA crossing should adjust the settings by themselves without any manual inervention/backtesting. It should be fully automatically (self-adjusted EMA crossing EAs). We don't need to optimize the settings of this EA every wek/month to find the settings for the next week/month. EA should do it automaticall and it is possible to code. Codersguru started some thread about it (don't remember the name of this thread now).

Q: so what to do now with the second version?
A: develop it more. Need some ideas.

Excellent information and explanation, newdigital. Thanks, again.

solaris

ND,

This is simply a suggestion for your consideration. Use another EMA like 13 as the re-entry condition. In other words, on a downward trend, if EMA8 crosses up EMA13 and crosses it back down, there is that potential continuation of the trend, thus re-enter the trade. If the trade hasn't exited yet, an option to add another lot.

Another suggestion is to use RAVI FX Fisher as filter indicator, to enter a BUY signal if the trigger is above .09 or a SELL signal is the trigger is below .09. If you would code this on v2 and/or v2tf, even just for me, I would greatly appreciate it.

I have attached the RAVI FX Fisher indicator.

Thanks for all your effort in this TSD forum.

solaris

Attached Images

EMAFibo with RAVI.jpg (89.0 KB, 586 views)

Attached Files

RAVI FX Fisher.mq4 (2.9 KB, 121 views)

Greetings, just wanted to check in w/my EAgang. I've been on a short holiday and had all the PCs off from last Thursday to this day...will start'em up next Sunday and see how things go.

: ) Thom

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I am not sure about RAVI FX Fisher indicator because as I remember this indicator is having some problems (not refreshing, or painting - don't remember).

As to other EMAs so it may be good idea. I may include as many EMAs as possible. But I think we need something different. Because in this case EA will not be "predictable" and reliable with long way run as any EAs based on EMA crossing.

We need some ideas.

because we want to get finally EA which will trade 3 or 5 times per day per pair and which will be profiable during the at least one year. Means, EA for 500 or 1,000 or 2,000 deposit size.

Now we got EA for very big deposit size (version #1). So we did it. But there are plenty of them in elite section (I mean EAs for very big deposit size which is profitable yearly and which may be usefull for some financial funds for example).

Now we need something for us.

We need some ideas. I have 1 or two ideas about it to modify the second version. We may use Fibo Channel and close part of the lot if the price riches some level (for example, EA opens 1 lot size and after price richs 21 level so 0.5 lot may be closed and the other 0.5 may be continuing trading up to the other levels).
Will try to do something.

Hi ND
Could ADX FiboMA assist you? Thanx for all your contributions

Attached Files

ADX FiboMA.mq4 (6.4 KB, 113 views)

It was EA before? Or you did not finish something?

Attached Images

	adxfiboema.gif (32.1 KB, 501 views)
	adxfiboema1.gif (25.2 KB, 481 views)

Hi ND
No I'm not sure if it was an EA before
I found it on the Net and have been trying it out Maybe the channels of the Fib levels could be of use???
Have you tried it before?

Somebody inserted ADX in some indicator showing everything in main window and trying to make EA from that. Or it was EA and somebody made indicator because did not want to disclose EA. Just my first imagination.