Adaptive Take Profit

I’m referring to @gg53 proposal posted here and here. At the moment, I won’t present the final solution as demanded in his 2nd post, rather take a step back and post an experimental indicator that shows 3 different implementations of his basic Adaptive TP proposal for further conceptual discussion.

The implementations are…[Read more]

Adaptive Take Profit

I’m referring to @gg53 proposal posted here and here. At the moment, I won’t present the final solution as demanded in his 2nd post, rather take a step back and post an experimental indicator that shows 3 different implementations of his basic Adaptive TP proposal for further conceptual discussion.

The implementations are…[Read more]

Thanks for clarifying:

Depends on the logic. Just wanted to be sure. From decades of IT development, I have some experience with incomplete or ambiguous requirements specifications. IMO, it makes sense to ask if you’re not sure what your communication partner intended.

s.

G:

Do you mean a function that just displays the adaptive TP relative to the current bar, or a function setting an adaptive TP in relation to a given entry price, thus monitoring a certain trade?

s.

Here you are:

Place mqh file in the include folder.

Have fun testing, and any feedback welcome!

s.

Yes:

… and the original article written by Waleed Aly Khalil over here tells even more (quote from the abstract):

The main idea of the VZO was to try to change the OBV to look like an oscillator rather than an indicator

s.

I have it:

Will post it later after some code cleaning.

s.

Yep, this is obviously true:

IMO, the really interesting question is: how does the else if branch look like? You can exclude division by zero easily by some standard code, but you’ll have to make an individual decision what should be done after the case happened.

s.

Yep, this is abviously true:

IMO, the really interesting question is: how does the else if branch look like? You can exclude division by zero easily by some standard code, but you’ll have to make an individual decision what should be done after the case happened.

s.

Hi @VlanFx:

I’m currently reviewing version 1.3 of the EA. In function CalcLot() you have the following line of code:

actualRisk = (100 * minLot * StopLoss * pipValue) / AccountBalance();

That variable actualRisk is never used thereafter. Is it reserved for some future use?

s.

My version 1.0 of Volume Zone Oscillator. It consists of a simple indicator file, and an mqh-library which should be placed in the include folder.

In final and practical EA use, there will only be one line of code required:

varName = iiVZO(symb, tf, vzoPeriod, shift);

For debugging and optimizing the EA, a simple iCustom() call of the indicator…[Read more]

My version 1.0 of Volume Zone Oscillator. It consists of a simple indicator file, and an mqh-library which should be placed in the include folder.

In final and practical EA use, there will only be one line of code required:

varName = iiVZO(symb, tf, vzoPeriod, shift);

For debugging and optimizing the EA, a simple iCustom() call of the indicator…[Read more]

Ok, this is my experimental version of Volume Zone Oscillator.

It contains two different implementations of the VZO algorithm to deal with the effect of an IIR filter that a certain number of precalculated values are required to ensure precise results.

When experimenting with both versions, it’s recommended to set parameter ‘maximum bars’ to a…[Read more]

Ok, this is my experimental version of Volume Zone Oscillator.

It contains two different implementations of the VZO algorithm to deal with the effect of an IIR filter that a certain number of precalculated values are required to ensure precise results.

When experimenting with both versions, it’s recommended to set parameter ‘maximum bars’ to a…[Read more]

That’s great, @Emonts:

Please note that not all of my above remarks are necessarily relevant for our EA.

Re. my remark about symbol prefix / suffix, @VlanFx would better decide what to do before you put together some sort of ‘final version’ for the EA. I just wanted to denote that there’s some redundant logic in your function code and the…[Read more]

Thanks, G.:

So for the moment I’ll put together my EMA based version according to my above post, allowing roughly a tolerance of about 0.1 %. This can be achieved at reasonable CPU resource consumption, ans should be precise enough to trade.

s.