xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 7 months ago
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.
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 7 months ago
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.
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 7 months ago
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.
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 7 months ago
A dynamic trailing stop option and the ability to copy SSBODynamicBreakoutBox signals have beed added to Rossbot.
xux99's profile was updated 9 years, 7 months ago
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 7 months ago
I have no experience with renko therefore I have no plans to support it.
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 7 months ago
I may consider adding dynamic trailing stop to a future Rossbot version.
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 8 months ago
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]
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 8 months ago
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.
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 8 months ago
The value shown at the close of a trade is not pips but profit, therefore in case of martingale it is increased.
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 8 months ago
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.
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 8 months ago
Could you just explain to me why i am able to get the MA period to 1 on the SSBO and on real time brokers i can only put the MA period to minimum of 2 and not 1.
I can set the MA period to 1 in my Metatrader charts.
When i click the EMA to true from false and then adjust the MA period to 1 i get the best stats on backtest..?
These stats are not…[Read more]
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 8 months ago
The biggest issue I’m having is understanding the EMA period. I have selected this to 1 in the ssbo how come some trades are not being entered even when they break out of the consolidation box at the first time?
If MinBarsClosedOutside is 1 then the real time EMA should exceed the close of the break out candle. For the closed candles the si…[Read more]
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 8 months ago
The biggest issue I’m having is understanding the EMA period. I have selected this to 1 in the ssbo how come some trades are not being entered even when they break out of the consolidation box at the first time?
If MinBarsClosedOutside is 1 then then real time EMA should exceed the close of the break out candle. For the closed candles the si…[Read more]
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 8 months ago
Could please explain how the change of BoxRange should block a trade?
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 9 months ago
What are the MinBarsClosedOutside and MAAppliedPrice settings?
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 9 months ago
What are your exact settings?
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 9 months ago
For a valid entry the real time EMA should break a level. If MinBarsClosedOutside is set to zero then this level is the breakout level of the consolidation zone. If MinBarsClosedOutside is greater than zero then this level is the close of the candle that closed beyond the breakout level of the consolidation zone. You can check the validity of EM…[Read more]
xux99 replied to the topic Stairstep Breakouts indicator and EA in the forum Trading Systems Discussion 9 years, 9 months ago
For a valid entry the real time EMA should break a level. If MinBarsClosedOutside is set to zero then this level is the breakout level of the consolidation zone. If MinBarsClosedOutside is greter than zero then this level is the close of the candle that closed beyond the breakout level of the consolidation zone. You can check the validity of EM…[Read more]
xux99 replied to the topic Currency strength expert advisor in the forum Trading Systems – Development 9 years, 11 months ago
Set BasketStopLoss and BasketTakeProfit to 0, set DisableStopLoss to false.
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