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As the eurjpy was sitting I went over to the GBP to see how this system would fair, what a surprise! today's moves would have given me 200+ pips check it out!
I admit this might be rather an unusual case for the GU but you see what this system can handle! DD on this system should not be a great deal by the look of it. I believe an EA can outperform the STEINITZ EA, IMHO. Do we need to say more! By the looks of it, it seems that we can reach 400+ pips by the end of day
I thought I would be able to make an EA for this idea pretty easily until I tried to incude the custom indicators and couldn't figure out what I was doing wrong and then found this in the MQL4 Library under Custom Indicators:
"A group of functions used at producing of custom indicators. These functions cannot be used in experts and scripts." It looks like this could be harder than I thought. If I am misunderstanding this, someone please correct me and tell me how you have included custom indicators in an Expert Advisor. Thanks for the help!
Last edited by Willis11of12; 08-06-2007 at 12:50 PM.
I thought I would be able to make an EA for this idea pretty easily until I tried to incude the custom indicators and couldn't figure out what I was doing wrong and then found this in the MQL4 Library under Custom Indicators:
"A group of functions used at producing of custom indicators. These functions cannot be used in experts an d scripts." It looks like this could be harder than I thought. If I am misunderstanding this, someone please correct me and tell me how you have included custom indicators in an Expert Advisor. Thanks for the help!
Thanks, for the try. I'm pretty sure it will get done eventually, it's just too of good one to resist, the question is only if when and how and who will benefit from it, if you know what I mean.
Nevermind... I feel a little stupid about that last comment, as I think it was talking about the list of commands that are only used in making Custom Indicators and not EAs. I think I figured out how to include them. I'm looking at the CCI one right now, but I'm not sure what to put in for the buffer, as there are three options: 0, 1, or 2. I'll keep working on it.
Last edited by Willis11of12; 08-06-2007 at 01:15 PM.
It's a trend following system, choppy time like that on my screenshot will take back most if not all of the profit. Cable will get back even more.
We should think of a filter, since +-10 pips obviously doesn't work good. It doesn't filter all choppy trades and often filters very good trades because trends always start from notrend.
It's a trend following system, choppy time like that on my screenshot will take back most if not all of the profit. Cable will get back even more.
We should think of a filter, since +-10 pips obviously doesn't work good. It doesn't filter all choppy trades and often filters very good trades because trends always start from notrend.
Wookey
Possibly we could try something like this: if 3 AO cycles in a row range in same x amount of pips we quit trading. Another note: Even the filters we already have in place now has gone quite far as we would not have taken quite a few of those trades that you see in that screenshot. And more, putting it in perspective you would not have been in and out 3 times on this screenshot, possibly only once according to the rules, if you check it from the start.
Dave, do you want the indicators being applied to the current bar or the previous bar? It sounds like you want them applied to the current bar, but I have had problems in the past with having some skewed results with using indicators on the current bar with backtesting. I guess we can test both when it's finished.
Nevermind... I feel a little stupid about that last comment, as I think it was talking about the list of commands that I only used in making Custom Indicators and not EAs. I think I figured out how to include them. I'm looking at the CCI one right now, but I'm not sure what to put in for the buffer, as there are three options: 0, 1, or 2. I'll keep working on it.
It's a trend following system, choppy time like that on my screenshot will take back most if not all of the profit. Cable will get back even more.
Wookey
I would call it anything but a "trend following system", if you'd agree with me on that. The filters already in place do a pretty good job of keeping you out of most of the choppy times, but I admit it needs a little more tightening.
Dave, do you want the indicators being applied to the current bar or the previous bar? It sounds like you want them applied to the current bar, but I have had problems in the past with having some skewed results with using indicators on the current bar with backtesting. I guess we can test both when it's finished.
Willis you nailed it, this will probably be the most sensitive point where the EA will have issues, but as you suggested we should be able to test both. I can well see that we will get 2 different sets of results, it will be interesting.
If I am misunderstanding this, someone please correct me and tell me how you have included custom indicators in an Expert Advisor. Thanks for the help!
I feel a little stupid about that last comment, as I think it was talking about the list of commands that are only used in making Custom Indicators and not EAs. I think I figured out how to include them. I'm looking at the CCI one right now, but I'm not sure what to put in for the buffer, as there are three options: 0, 1, or 2. I'll keep working on it. 
Linear Mode
