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Yes, if I can get the Zig indicator's code for MetaStock or if someone can point me to a different package which offers such indicators. I need the source (so far I have only MetaStock source) or the formula.
To put it in simple words
I need a ZigZag Percent indicator (Source or Compiled version is fine).
Google is our friend , but even after an hour of searching for MetaStock or
Tradestation ZigZag code source still nada , zilch , zero , nothing
Damn , where to get the code ?
Anybody around running Tradestation or MetaStock and wish to contribute code to the bouncing pip melting pot ?
Thanks
hi guys....i jst found this code....but i dont no either this is the code that you all are looking for........i found it on the trade online metastock web
ZigZag Validity
{*********** Start of code *************}
{ZigZag validity by Spyros Raftopoulos
It validates the LAST LEG of the Zigzag indicator.
1=valid (not revisable), 0=invalid (revisable).
Do NOT use this indicator in systems.}
perc:=Input("Percent",0.2,100,10);
Z:=Zig(CLOSE,perc,%);
last:=ValueWhen(1,( Z > Ref(Z,-1) AND Ref(Z,-1) < Ref(Z,-2) )
OR
( Z < Ref(Z,-1) AND Ref(Z,-1) > Ref(Z,-2) ),
Ref(Z,-1));
pc:=(CLOSE-last) * 100 / last;
pc:= Abs(pc);
SD:=(z>Ref(z,-1) AND Ref(z,-1)>Ref(z,-2)) OR (z<Ref(z,-1) AND Ref(z,-
1)<Ref(z,-2));
res:=If(pc>=perc ,1,0);
If(Alert(res,2) AND SD,1,res)
BTW: here is my AutoLot management function. Maybe you can use it in your EA:
Money management will probably lower the return, but should also lower the drawdown. Thanks, MrPip for your hard work. It looks like an 8% drawdown when using dxTrade's method? (nonlagdot, qqe, bigbear rules)
16449.36 214.09 783.30 2024.62 7.76 2 0 3 6
What's the starting account balance - 10k or 100k?
I think this is a better way to do money management. It follows Van Tharp's money management. If you want an explanation, I can give it, or find a link :
Code:
double LotSize(int stopInPips, double accountRisk){
double lotMM = ( AccountFreeMargin() * (accountRisk/100) )/( MarketInfo(Symbol(),MODE_TICKVALUE) * stopInPips );
//This can be used with discretion
if (AccountIsMini) {
//Round to the nearest 10th - AccountIsMini needs to be a bool set at the top level
lotMM = MathFloor(lotMM*10)/10;
} else {
//Round to the nearest lot
lotMM = MathRound(lotMM);
//To be aggressive, use this one
//lotMM = MathCeil(lotMM);
}
if (lotMM < 0.1) lotMM = .1;
if (lotMM > 100) lotMM = 100;
return (lotMM);
}
Thanks,
burn0050
__________________
He who laughs last thinks slowest
Thanks sypultraz,
something like two pages back I posted this code already
There is need to read through the previous posts in order to know what's going on with progress.
C'mon guys , keep up on reading
Money management will probably lower the return, but should also lower the drawdown. Thanks, MrPip for your hard work. It looks like an 8% drawdown when using dxTrade's method? (nonlagdot, qqe, bigbear rules)
16449.36 214.09 783.30 2024.62 7.76 2 0 3 6
What's the starting account balance - 10k or 100k?
I think this is a better way to do money management. It follows Van Tharp's money management. If you want an explanation, I can give it, or find a link :
Code:
double LotSize(int stopInPips, double accountRisk){
double lotMM = ( AccountFreeMargin() * (accountRisk/100) )/( MarketInfo(Symbol(),MODE_TICKVALUE) * stopInPips );
//This can be used with discretion
if (AccountIsMini) {
//Round to the nearest 10th - AccountIsMini needs to be a bool set at the top level
lotMM = MathFloor(lotMM*10)/10;
} else {
//Round to the nearest lot
lotMM = MathRound(lotMM);
//To be aggressive, use this one
//lotMM = MathCeil(lotMM);
}
if (lotMM < 0.1) lotMM = .1;
if (lotMM > 100) lotMM = 100;
return (lotMM);
}
Thanks,
burn0050
I added AutoLot to the EA and ran with the settings that produced the best results with profit at $16K. With MM the profit is now over $60K with 10% Account Balance per trade. Drawdown is higher but has more to do with trading 10% instead of 1 lot. Account size is $25K. Running with $10K account shows profit of $27125.
Most of the profit was from Aug 1 to Sept 7.
There is still something not right with the EA. It clearly misses some trades that appear to meet the rules. I printed out the values of the zigzag indicators and there are times since Sept 7 when a trade should have been placed. I will be working on this problem next.
[Aug - Sept] had a lot of sharp reversals followed by long trending periods, but the drawdown visible on your backtest is not bad. All trading systems experience drawdown periods once in a while.
Google is our friend , but even after an hour of searching for MetaStock or
Tradestation ZigZag code source still nada , zilch , zero , nothing
Damn , where to get the code ?
Anybody around running Tradestation or MetaStock and wish to contribute code to the bouncing pip melting pot ?
Thanks
I found a "ZigZag Percent indicator" for MT4, so I'll try to base both indicators on it since I can't seem to find the Tradestation or MetaStock code.
Linear Mode
