looking back too far...may detract from the mathematical progression that this EA method wants to take.

This EA is not a statistical trader and should not use too much weighting on probability prediction or trend prediction...simply using the candlestick (s) breaches will accomplish some of that for the purposes of lotsize choice.

I believe that the kayvan EA is more weighted in the mathematical progressive reaction to the market....a dangerous approach in a long term trend direction...but hmmmm...not really as that would be what is needed to take the trade out...must think...pause...scratching head...

ES

Late Edit: Range or intermittent Range Kills

measuring the ...well the "stochastic waves" with a lagging indicator may be what is needed here...Ralph...are you with me?

ES

Late Edit: Guppy will end up the best pair to trade!...ooops sorry going too fast here...getting ahead of myself.

I agree with this assessment. One thing to keep in mind, most people here are using a VERY large stop loss (basically none at all), in hopes the market will eventually move enough in the right direction to be successful.

I like this statement! Makes me think we're at least on the right track.

Looking back at ANY candles ties you to a TF. But so does an indicator. You have to use something.

Exactly. This is very much a "right in the NOW" EA.

I mean that the "architecture" should remain open allowing the user to load the EA on any TF. If a user wants a larger frequencey of trades he could load it on the M15....if he wants less trades over a longer span...he could use the H1. If the TF is hardcoded into the EA then the user would not have any choices. If he wants more trades with lower TP's...he would have no choice, in the case of an EA that has the TF hardcoded.

We should attempt to present an EA that works in all TF's and gives the user a choice at which one.

There could be a input to lookback at a rolling 1, 2, or three candles to determine the high or low breaches...at these breaches there could be an input to use the averaging down method...or the pyramiding in method which are exact opposites.

This way wolfe, you present an EA that allows us to test various set files without you having to code and recode....

ES

wolfe and others...

I do not think Ralph would participate if there was not something that kayvan hit upon.

I am using the present EA with low DD and many TP's thus far...I will stick with my tests there...and do not see it blowing up yet...next week will tell...

Meanwhile... a more stable and perhaps an EA with more choices for the various personalities out there might be polished and mounted...(no sexual connotation intended )

Remember kayvan claims he has been trading his method profitably...for how long I do not know...I suspect cable H1 that is giving me such good results is the current preferred pair and TF..i simply do not know.

ES

Yes ES, you already have this.

Let's look a some code-

This basically says this- The next buy is the high of the previous bar + the spread of the currency + 2 additional pips.(kayvan's idea)

High[1] will always return the value of the high price of the previous bar (no matter what TF you are attached to).

Now we know use this to enter a trade-
Attach to whichever TF you want the EA to read the high or low of the bar previous the current one.

Yes Yes...I know...but when Ralph was considering the concepts this EA presents, I wanted to think out loud a little and I think we should preserve the TF openess...in the redesign..I was hoping that you and Dr. Ronnquist could work together.

I think my friends that I have in wolfe and Ralph are going to teach me how to code whether I know it or not...hehe..I am a stubborn old man...and there is more than one way to skin a cat! and...wolfe if you get the chance to work with Dr. Ronnquist...Take it!

I am sorry to say all of this below looks like Chinese to me...unless I was a copy and paste jockey, I would need to know what every space and every symbol and phrase meant...and why it was placed where it was...thus to explain this to me would be for another thread.

ES

I know, these are the best results you've had so far right? I'll still work on it.