I have added a CZPerSession option and updated the Rossbot file of the first post.

Machine learning for trading is a free course to enhance your algorithmic skills. This course introduces students to the real world challenges of implementing machine learning based trading strategies including the algorithmic steps from information gathering to market orders. The focus is on how to apply probabilistic machine learning approaches…[Read more]

This is interesting.. A close friend of mine’s dad actually has been trading now for over 2+yrs successfully and he retired in the beginning of the year and trading full-time now (he is extremely disciplined). I saw his strategy and its very similar to what you outlined actually. He uses slope lines in multiple time-frames and he also LOVES OBV.…[Read more]

Oh, almost forgot! Here is my node.js script if anyone is interested in playing around 

You need to have Node.js installed in your system.
Run npm install to install the needed packages.
Then run the command node simple_probability.js in the directory.
I added some comments to the top. First you will need a data export from MT4 or EURUSD…[Read more]

Oh, almost forgot! Here is my node.js script if anyone is interested in playing around 

You need to have Node.js installed in your system.
Run npm install to install the needed packages.
Then run the command node simple_probability.js in the directory.
I added some comments to the top. First you will need a data export from MT4 or EURUSD…[Read more]

Hi all!

I started playing around with probabilities once again  I’m wondering if someone could verify if my probability calculations are correct.

This is what I want to find out:

What is the probability of price going up 40 pips given that it has already gone up 20 pips first before going down 20 pips.

I’m observing EURUSD for this…[Read more]

Test

If your forward test results are good you can continue trading with the same settings, otherwise try to find new settings with EMA disabled.

Backtest results with EMA are inaccurate. The signal was shown to be permitted before the EMA had closed above because the indicator uses an approximation method for the entry price level, it tries to simulate real time behaviour. The  EMA 1 should exceed the close of the candle.

For a valid real time signal the real time EMA should exceed the close of the bar. In history there are no real time data therefore instead of real time EMA we use the closed candle EMA. This is obviously inaccurate and explains why the circled areas could have given valid real time entry signals but no historical ones.

It defines the stop loss as a percentage of  the distance of current price from the take profit level. You can set it to 50 for a test.

A dynamic trailing stop option and the ability to copy SSBODynamicBreakoutBox signals have beed added to Rossbot.

I have no experience with renko therefore I have no plans to support it.

I may consider adding dynamic trailing stop to a future Rossbot version.

Thank you so much all!    It was hectic the past few months. Things are finally cooling down like the weather over here 

I miss spending my reading through the posts and giving something back and I will be visiting more often now

The new version has many code improvements.  ReverseLogic allows trading the retracements to the opposite side of a CZ which is the take profit target. All elements of the trading logic have the opposite function, even martingale results in lot increase after the take profit is hit. One can optimize two instances of the indicator, one…[Read more]

The new version has many code improvements.  ReverseLogic allows trading the retracements to the opposite side of a CZ which is the take profit target. All elements of the trading logic have the opposite function, even martingale results in lot increase after the take profit is hit.

The value shown at the close of a trade is not pips but profit, therefore in case of martingale it is increased.

The MA is applied to close of price.. does this need to be changed?

No.

Why can i not implement these on a normal broker by manually selecting the MA period 1..??

I can’t help you on this problem, you may try to contact your broker.