On TakeProfit:

While we wait for the skeleton of our EA to be finished (pre-conditions + Logic), lets discuss a much neglected topic of TakeProfit.

Besides the TrailingStop, once a trade is entered, most EA’s are basically remains static with their SL & TP. BUT the market keeps changing.

Here comes the concept of Dynamic/Adaptive TakeProfit…[Read more]

Hi Brother, Sorry for late reply

Yes, you can’t use  this ‘look up’ higher multi currencies TF indicator in offline chart environment like renko chart, because in MT4  offline chart like renko use special TF file names to store their offline chart data and stupidly MT4 ‘think’ that this name associate with how to ‘framing’ the time.

And b…[Read more]

Std. MT4 OBV is NOT an oscillator, and doesn’t have OB/OS areas.

G.

1. Each instance act as a stand-alone and try to fetch the CAL file. If file already exist, the instance returns. File fetching is done on Daily basis.

2. Daily RELEVANT CAL file (only EUR & USD events loaded in case of EURUSD EA) is loaded into memory with unique name (i.e. EURUSD_CAL_DDMMYY).

3. EA instance access that memory file.

That’s…[Read more]

Maybe,

else V = EMPTY_VALUE;

at first second of every candles in every TFs mostly, Open = Close = High = Low with Volume = 0,  So, ‘V’ should be ‘Empty’ first, before the loop change ‘her’ value later.. if  High-Low != 0.0.

Just my noob cent.. lol

MTH

Maybe,

else V = EMPTY_VALUE;

at first second of every candles in every TFs mostly, Open = Close = High = Low with Volume = 0,  So, ‘V’ should be ‘Empty’ first, before the loop change ‘her’ value later.. if  High-Low != 0.0.

Just my noob cent.. lol

MTH

What’s the purpose of this ?!?!

The logic is not completed yet, as well as the pre-trading conditions…

How was the initial version?

How often do you clear “long-ago” pending trades?

I really don’t understand this “test”… or its purpose…

G.

Adding Commission distort the whole TRAILING process in MT4, since it is not included in the trailing calculation (besides the fact that the logic isn’t finished yet).

To simulate commission you should add it to the spread and multiply it by the lot size.

G.

actualRisk will later be used mainly for user display purposes.

G.

Hi Brother,  zero divide should involving division operation, while in your code example this is multiplication operation, so the result could be zero but not zero divide error.

From my noob perspective, before that line of code you could make sure by ‘if’ condition like;

if ( (High - Low) != 0.0 )

to protect zero result condition

Hope it…[Read more]

Hi Brother,  zero divide should involving division operation, while in your code example this is multiplication operation, so the result could be zero but not zero divide error.

From my noob perspective, before that line of code you could make sure by ‘if’ condition like  ‘if ( (High – Low) != 0.0 )’ to protect zero result condition

Hope it h…[Read more]

I’ll respond and relate to that AFTER the basic EA skeleton in “Tradind made REALLY simple” will be finished.

G.

That’s why I said Function (?)….

It can also be an external call.

…”BeforeTrade/AfterTrade (minutes) means number of minutes to next event and number of minutes after previous event? “…  –> Yes.

G.

Functionality.

We want to call that function (?) with user params like BeforeTrade/AfterTrade (minutes), Medium/High impact, Currency pair relevance.

G.

That’s not the way I’ve implemented my MOD’s.

I agree that the 40 level is great and accurate.

Trying to find “more” signals usually leads to less acuurate indicators, although it is annoying to see missed “obvious” opportunities.

The indicator is showing Volume based opportunities, and you have to accept the fact that there are other ones,…[Read more]

That’s not the way I’ve implemented my MOD’s.

I agree that the 40 level is great and accurate.

Trying to find “more” signals usually leads to less acuurate indicators, although it is annoying to see missed “obvious” opportunities.

The indicator is showing Volume based opportunities, and you have to accept the fact that there are other ones,…[Read more]

MT4 BackTests relies on actual data (if exist…) of Open, High, Low, Close (OHLC) of each bar.

EVERYTHING that is missing from the above is Randomized, which means all ticks within that data are randomized.

The MAX accuracy that you can get is getting perfect history of M1 OHLC of that test period and TimeFrame. Even that is hard to get.

On…[Read more]

MT4 BackTests relies on actual data (if exist…) of Open, High, Low, Close (OHLC) of each bar.

EVERYTHING that is missing from the above is Randomized, which means all ticks within that data is randomized.

The MAX accuracy that you can get is getting perfect history of M1 OHLC of that test period and TimeFrame. Even that is hard to get.

On top…[Read more]

ClearMethodSignals_01 indicator (post #10824) does exactly that.

“x” denotes swing point (repaints while bar active, static after bar close).

Arrow denotes area breakout, same behaviour (repaints while bar active, static after bar close).

G.

ClearMethodSignals_01 indicator (post #10824) does exactly that.

“x” denotes swing point (repaints while bar active, static after bar close).

Arrow denotes area breakout.

G.