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Thanks for V_14 Enforcer! I `m still testing. Could you please explain how exactly the decision to trade is going on. Especially I mean what happens when more than one indicators are on. I`m not programmer and didn`t understand. For example what happens if UseARSI=true and UseI_trend=true. Both indicators must be in the same condition or some of them is primary? Also if u can say something about this option OpenOnTick. How it work and can we use it with well tuned ARSI_trigger? Thanks
When using more than one indicator then all of them must agree, only then signal for buy or sell will be generated.
about OpenOnTick, is a legacy option, I didn't paly with it but basically is doing this:
When a buy or sell order is placed TickPrice is updated so TickPrice = Close[0];
if OpenOnTick is used, next order will be placed only if Close[0] < TickPrice for buys or Close[0] > TickPrice for sells
if OpenOnTick is used, next order will be placed only if Close[0] < TickPrice for buys or Close[0] > TickPrice for sells
OK but this will be in conflict with ReverseDirection=true, new orders against the trend cannot be placed if I understand well. Else, in trend follow strategy (ReverseDirection=false) new orders will be placed only if they are in better position than existing ones. That`s right or I didn`t understand?
Actually, I requested the reverse function and enforcer added it, thanks enforcer for that. Since last november, I have been running several pipmaker versions together in a live micro account and despite drawdowns several times, I managed to survive with very possitive account growth until today. Each pipmaker versions always have different magic numbers. I use long only, short only, long and short, reverse signal versions altogether.
I love pipmaker than any other EA and we can insert any much more reliable signal if found, and as always money management is the key.
Really appreciate enforcer's contribution with pipmaker saga.
Quote:
Originally Posted by Enforcer
Yes, will be in conflict with Reverse, but, like I said, is an old function left there, I didn't removed from code, just don't use it.
Thanks very much for your responds. Many thanks ones again to Enforcer for V_14, I`ve got better results now. The reason to ask about the option OpenOnTick is because now V_14 is powered with ARSI and very easy can be tuned to work on Break-Out-Play in exact day and hour (in trend following strategy ReverseDirection=false). So we can have two PipMakers now: one primary – working every day in contra-trend strategy (ReverseDirection=true) and second one tuned just for use in few days a month when we expect very important fundamental news to work on Break-Out-Play. In the second PipMaker only the ARSI must be enabled and all other indicators – disabled. So for example 10 minutes before the news comes – the primary PipMaker must stop working and second one start playing. When the effect from the news is over (10-20minutes) the second one of course must stop working and give right to primary one. Primary one will close the placed orders from second one (do NOT put magic numbers in both PipMakers). Playing like this you`ve got profitable jump in your balance instead big DrawDown. In this case using OpenOnTick can be profitable because sometimes the first Break-Out is not in the right direction. So please don`t remove it in the next versions. I`ll post soon some examples and you`ll see the power of the new version.
This EA has come up to be the best one I have in my collection, and it does come up with a lot of wonderful trades. But what I dont know is if its possible to avoid the piling losing current trades. It shows a perfect graph, really low drawdown, but the open trades could add up in huge losses so fast, or is there something i'm doing wrong?
Drawdawn spikes are expected on counter-trend systems.
EA try to aim point of trend reversal or near it. but many times have to place additional orders as first ones didn't hit the trend reversal zone...
Also settings have big impact on this, too low triggers will cause a lot of such orders, too high trigger will miss completely desired point and will not trade almost at all.
About OpenOnTick, I will not remove, relax
I currently try to have AutoReverse option, in other words to detect when is good to go on trend and when is better to go on counter-trend and switch modes automatically.
Until now I got irrelevant results so if anyone have any idea about proper way to do this please say.
I currently try to have AutoReverse option, in other words to detect when is good to go on trend and when is better to go on counter-trend and switch modes automatically.
Until now I got irrelevant results so if anyone have any idea about proper way to do this please say.
Best idea...
Maybe with ADXMA
__________________
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Last edited by frantacech; 05-01-2008 at 09:00 PM.
Hi Frantacech, I placed the indicator on my charts along with pipmaker v14, but did not get the information that you have at the bottom, is that another indicator, or am I placing it in the wrong place?