The Only Pivot - Page 205

nohills · #**2041** (**permalink**) 02-12-2008, 08:38 AM

And this one too of course:

if(tradingtime()>0 && opentrades()<trades())

jokokendil · #**2042** (**permalink**) 02-12-2008, 10:20 AM

Hi All,

I really thought that we cann't leave EA running by it self, still it needs our manual assistances. That's why, I like trading with both EA and Manual, like the latest technology we called it Triptronic.

GBPJPY is a very special cute pair, so we need special care to trade with it.

Have a nice trading anyway.

TimeFreedom · #**2043** (**permalink**) 02-12-2008, 12:37 PM

Thats right. We don't get a trade everyday with weekly filter ("W1F"), which helps with choppy days, but will also miss some trades which you would have gotten without using W1F.

TimeFreedom

Quote:

Originally Posted by ArtFx2008

Hi TimeFreedom,

With your onlypivot_w1 where only get a buy signal when SMMA closes above the gold, is it mean that not erveryday we got a buy or sell signal?

Thanks & Regards,

davidwillis · #**2044** (**permalink**) 02-12-2008, 02:54 PM

Quote:

Originally Posted by nohills

I think it has to do with this statement:

if(opentrades()>0) {return(0);}

If the first trade only worked out and the second didn't work out, for instance because of some lasterror, it will not come back because of the above statement.

That statement comes on a stop and reverse signal, and right after a closealltrades() function which is supposed to close all the open trades before we open trades in the other direction. For some reason in backtesting, it did not always close all the trades. So I put that in, so it would run through the program again, and close all the trades before we started opening more trades in the other direction.

If it only opened one trade, it will not get back to that point again even if you change it, is what we need to change is when it is looking for no open trades. We need to change it to less trades than we are supposed to have, instead of no open trades. It shouldn't be too hard, but we may have one of the trades at a slighly different price.

davidwillis · #**2045** (**permalink**) 02-12-2008, 02:55 PM

Quote:

Originally Posted by TimeFreedom

I have been working on a filter most of last week and have come up with a non-indicator filter using the existing idea of the open price pivot.

The filter is the weekly open price to filter out some of the choppy days. We won't filter out all the choppy days, but a majority of choppy days will be filtered out with this additional weekly open price filter. At the same time we will also filter out some good trades if we were only using the daily open price pivot without the weekly open price pivot filter.

The weekly filter doesn't come into play until Tuesday since the weekly and the daily open price is the same on Mondays, therefore we have no filters on Mondays. We only utilize the weekly filter ("W1F") on Tuesday - Friday. Here are some examples on how the W1F will work:

On Tuesday we have a Daily Open Price of 208.27 and the Weekly Open Price
of 209.13. We would only take trades if SMMA closes below the Daily Open Price of 208.27, Sell, or above Weekly Open Price
of 209.13, Buy.

Enclosed you will find a chart with the daily and weekly open price levels. I have also enclosed the indicators OnlyPivot_Level_WF1, which plots the daily and weekly open price levels and the OnlyPivot_Signal_WF1 for the signals. You will also find the [H1]_OnlyPivot_W1F_01 template.

PS: I am open for new ideas and constructive criticism. Let me have it.

David can you code the W1F into your EA? I would like to run some backtests to optimize SL and TP? The gold horizontal line is the weekly open price and the teal is the daily open price.

TimeFreedom

I will work on one tonight.

Dezil · #**2046** (**permalink**) 02-12-2008, 04:43 PM

Could someone post or tell where can i find the OnlyPivot_Level.mq4 file. This thread too big to fint it manualy. Thanks a lot.

TimeFreedom · #**2047** (**permalink**) 02-12-2008, 05:59 PM

You can find the indicators and template here.

TimeFreedom

Quote:

Originally Posted by Dezil

Could someone post or tell where can i find the OnlyPivot_Level.mq4 file. This thread too big to fint it manualy. Thanks a lot.

TimeFreedom · #**2048** (**permalink**) 02-12-2008, 06:06 PM

I don't know if this will help, but take a look at the closure logic I found in one of my EA's:

PHP Code:


			
//+------------------------------------------------------------------+

//| Close All Open Positions                                         |

//+------------------------------------------------------------------+      

   

void CloseAllOrders()

{

    int total=ScanOpenOrders();

    for(int cnt = 0; cnt < total; cnt++)

    { 

    OrderSelect(cnt, SELECT_BY_POS);   

    if(OrderMagicNumber()!= MagicNumber ){continue;}

    if(OrderSymbol()!=Symbol()){continue;}

    else

      { 

      if(OrderClose(OrderTicket(),OrderLots(),NormalizeDouble(Bid,Digits),Slippage,Crimson)==true)

         {

         if(CloseSuccessAlerts){Alert("Order was successfully closed.");}

         if(ScanOpenOrders()==0)

            {

            CloseTrade=false;

            OpenTrade=false;

            break;//stop the loop

            }

         else

            {continue;} //if there are more trades keep looping and closing

        }//if(OrderClose(OrderTi

      else//close was not successful

         {

         if(CloseFailAlerts){ Alert("Order Close failed will retry next tick.");}

         int err=GetLastError();

         if(err==4 || err==137 ||err==146 || err==136) //Busy errors

            {

            Sleep(5000);//wait

            cnt++;//try again

            }

         }//else//close was

     }//else (after symbol)

   }//for

}//void

Quote:

Originally Posted by davidwillis

That statement comes on a stop and reverse signal, and right after a closealltrades() function which is supposed to close all the open trades before we open trades in the other direction. For some reason in backtesting, it did not always close all the trades. So I put that in, so it would run through the program again, and close all the trades before we started opening more trades in the other direction.

If it only opened one trade, it will not get back to that point again even if you change it, is what we need to change is when it is looking for no open trades. We need to change it to less trades than we are supposed to have, instead of no open trades. It shouldn't be too hard, but we may have one of the trades at a slighly different price.

tubby · #**2049** (**permalink**) 02-12-2008, 09:26 PM

Would it be possible to add a risk percentage input in addition to those that would like to have number lots?

Thanks

davidwillis · #**2050** (**permalink**) 02-13-2008, 12:17 AM

Thanks to all of you for your input. I used basically what nohills suggested, and fixed my closealltrades (hopefully).

anyway, with the stock settings on this, it should trade just like the onlypivot, but it has the option to add the filter if you want. It should also work for any broker, if you just adjust the times right.

I think this one is working right, so I am giving it the name onlypivot_filter 1.0

Now I will start working on the weekly...

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