Do you like trading triangles?

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Aaahhh, I see, "signal failure", probably just a bad choice of words. What I meant by that is, the system gave a buy signal at point 2 and at the same time we can see that the divergence was formed. And the trade ended as a loss. My idea was, maybe we shouldn't have taken that buy signal, because it was right on the bearish divergence.

Yeah, good thinking there. That is exactly what I was planning to do, draw trend lines on the green line, when it breaks them, it can make good moves. Probably the best signals would be when both the price and the indicator break their respective trend lines, or any other pattern ...

branac

That makes sense. This is one reason why a "signal cross" is not enough for me. At the very least I want to add Price Action to the decision making process.

Thanks for the fast answer!

Dean Malone refers to a trader in his webinar who draws trend lines on the green line as per my example and then trades the break.......that's all! This combination appears to be very powerful. And the divergence signal is IMO, the most powerful.

Hey Beachbum, what do you mean by, 'divergence signal is IMO' ? thx

He means that the divergence signal is IMO (in my opinion) the most powerful.

Branac

Hello, saw (and understand) your suggestion. However, this is a bit difficult to automate. Let us consider the chart you posted; look at the first (left-most) example. Look at the lower green line you drew on the TDI. This is easy to choose visually, but how do you tell an program to do it? If you start at the current (right side) peak, which is easy to pick because it's the proposed entry, and work back, the last peak was actually 7 candles back, not 12. If you drew a line to there, it would be slanted the other direction and you would indeed take the buy signal.

Same with the right-most example; in that case there is a mini-peak 4 or 5 candles back, but in that case, the line would have still been angled the same way.

So how do you tell the program to skip that one and go back one more; how do you make that call, i.e. what rules do you use to get the same results as you would pick visually? If you can tell me that, then I can program it.

-Derk

To all:

Sorry for the long absence; I have kept busy of late, but got a bit of free time tonight to test and post my new version.

I have made only a few changes:

1) I have ported all the guts of the indicator over to the EA, so the EA no longer calls the indicator, which should fix the problem of it chewing up memory, etc.

2) I have changed both Ind & EA to open a trade based on when the HA crosses the PAC, not closes outside the PAC; i.e. it is now possible for it to enter during mid-candle.

3) For both Ind & EA, I have added in the PAC "trailing stop", so if you enable UseOppPAC_Trail, and are in a buy, and the price goes lower than the lower PAC line (minus spread), then it will close the trade.

4) For both Ind & EA, I have made all exit methods optional.

5) For EA, I have used integers for all the entry and exit options instead of booleans. This is so that it can be backtested/optimized, as you cannot optimize booleans.

My backtesting is not behaving well, so if anyone out there is good at backtesting, has good data, and is willing to test, it would certainly be a boon to the group. I would suggest running an optimization (running, of course, from 0 to 1, step 1) on all the optional entry/exit vars:

UseEntry68_32
UseSmallerExit
ReqRedYellowCombo
UseVolExpanding
UseChaikin
UseH4Trend
UseSmallerOrOpp
UseClosedInsid
UseTDI_ExitDir
UseOppPAC_Trail

If we can get a confident idea of which of these are just useless (likely most), then I can remove them.

I'm going to go ahead and post the new versions here, instead of where I used to, in post #65. Enjoy, and please post any helpful test results.


UPDATE:

I just realized I have changed my lib files, so I have added the new copies in here. Last time I posted them all in one .zip file, because this @$#& forum does not allow you to upload .mqh files. This time I just changed the name. So... download the "LibDerksUtils.mq4" into your experts\libraries folder, and download the "LibDerksUtilsHEADER.mq4" into your experts\include fodler, BUT RENAME IT TO "LibDerksUtils.mqh", OR YOU WILL GET COMPILER ERRORS.

You will also need the two LibOrderRelaible files, but they were in the .zip file in post #65 and have not changed.

Wishing you all pips,
-Derk


UPDATE 18 Nov, 2007:

Fixed some bugs in SynergyInd.mq4 and SynergyEA.mq4; latest ones posted here.

Attached Files

	LibDerksUtilsHEADER.mq4 (5.1 KB, 377 views)
	LibDerksUtils.mq4 (64.6 KB, 364 views)
	SynergyInd.mq4 (19.2 KB, 359 views)
	SynergyEA.mq4 (17.3 KB, 330 views)

aegis is correct in explaining my post, thanks.