You could investigate this volatility indicator...
Regards,

Chrisstoff

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Chaikin's Volatility_Kalenzo.mq4 (2.1 KB, 279 views)

Thank you, Chrisstoff. In deed, this indicator looks very well. I did some manual backtests with Chaikin's Volatility indicator the last days.

I looked over some charts and it seems that it filters out more losing trades with lower volatility than the Bollinger Expansion...

Derk, is it possible to add this indicator to the trading rules: Buy or Sell only when volitility is > 0?

I think it's really worth to compare them ...

I would also consider adding a condition that will only place trades in the direction of the 4hr trend. I think everyone would agree that going against the trend has much more risk.

Derk, I do not write code but how difficult is it to add a condition that would only place trades after looking at the 4hr trend; check for 2 full 4hr blue bars for long position and check for 2 full 4hr red bars for short position ? thx mike

Well Rondo I don't know. That would depend on how I interpret the signal. When I manually trade a system alot of discretion goes into it because I don't take every signal a pair gives just the ones that meet my criteria and I feel have a greater probablity of being successful. Your question is kind of like asking will it rain tommorrow? Good luck trading this week....Tim

PS Also that was my very first trade with this system.....

__________________
"Dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you're willing to pay the price." Vince Lombardi

[quote=amaruenterprise;156062]Well Rondo I don't know. That would depend on how I interpret the signal. When I manually trade a system alot of discretion goes into it because I don't take every signal a pair gives just the ones that meet my criteria and I feel have a greater probablity of being successful. Your question is kind of like asking will it rain tommorrow? Good luck trading this week....Tim

Tim, I was addressing your original question about backtesting. If your rules varies, I guess it is quite impossible to backtest and you are right.

[quote=rondo;156081]
Rondo I apologize for the misunderstanding.......Tim

__________________
"Dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you're willing to pay the price." Vince Lombardi

I was away yesterday; just got back. Let me answer several posts in one:

This is just an indicator as of now. All you have to do to "backtest" is open a chart, press the "Home" hey until the chart stops scrolling (this will get all the available data for that chart from your broker), then with the chart still scrolled back all the way, apply the indicator, then hit the "End" key to go to the most recent part of the chart, and read the total pips.




Gerry, I think Chris already responded regarding use of the H4 chart. Originally I too thought the H4 would be best, but now I am thinking the H1 or M30.




Its in the works, and nearly done.




An option to trade only when the Chaikin Volatility Indicator is > 0... Yes, sure. I'm on it.




Trade [long] only when, on an H4 chart, the previous and previous previous candles are both long? Or their Heiken Ashi's are long?

Just want to make sure I understand you... I suspect this will weed out too many good trades, but it's worth a shot.



I will post again when I get these changes done. And hopefully the EA will be done tomorrow as well.


-Derk

Derk, not sure the best way to code this but my point was just to trade with the 4hr trend; if the 4hr is trending down then trade short, if the 4hr is trending up then trade long. thanks mike

Thank you Derk very much appreciated....Tim

__________________
"Dictionary is the only place that success comes before work. Hard work is the price we must pay for success. I think you can accomplish anything if you're willing to pay the price." Vince Lombardi

Mike:

Therein lies the problem... How precisely do I tell which way it is trending? Using the HA candle instead of price candles might be good.

To tell the trend of the price channel, I do a "scoring" system, looking at the current, previous and previous previous values, like this:

Then if "sum" turns out to be 3 or greater, I call it a long trend; -3 or less and it's a short trend. I suppose I could do something similar for the general trend. Perhaps I should just require the current, previous and previous previous HA candles to be the same colour.

Anyone have a better idea?

-Derk