Decisive indicators, supporting indicators

[Alex81]

This is a simple system that buy when red line=100 and sell when blue=0. A martingale MM, time filters and dynamic money stop loss and profit. Using the 25 version of the indi.
It could be improved but as it is now it can pass even a prop firm test.

Thanks @PhiLykia !

[PhiLykia]

Create two variables for position closing. Like Pos_Sell_Close_Flag, Pos_Buy_Close_Flag.

For Sell Close, set Sell_Flag to 1 at Red Buffer=0 and wait. When red !=0, close the position and reset the flag. Blue Buffer=100 for Buy Close

This saves a lot of time (Profit) for the situation where the trend continues and has not yet reached a full bottom/peak.

[PhiLykia]

Suggestion 2: In the Buy/Sell Open rule set, go with the "Once per bar" box without using No Position, and let it open a POS in each bar.

Suggestion 3: sell stop: red buffer>= sell_stop_value
buy stop blue buffer <= buy_stop_value (e.g. 50)

Even the time frame is in a subframe.

[PhiLykia]

Suggestion 4:
trend_1_time_frame_1 (M15)
trend_2_time_frame_2 (M30)
trend_3_time_frame_3 (H1)

Test it in your current frame according to the main trend direction in the upper frames and see what happens.

[Alex81]

@PhiLykia I fear this MTF filter could worse even more the speed of calculations... by the way, do you use the same conditions (red=100 blue=0) or less stringent ones (red>50 and blue <50 for example) on higher TFs?

[Alex81]

@PhiLykia I created 2 conditions for closing: when red goes below a threshold (90 or 95) close buys, and when blue goes above 5 or 10 close sells. It may cause some small losses, but going without SL seems to be the best compromise.

[PhiLykia]

@Alex81 I use indicators such as HalfTrend, PTL, AlphaTrend to determine MTF Trend direction. Using two moving averages to compare Slow/Fast for performance will not produce the opposite result.

The critical aspect of opening a transaction with microLots in each bar in the Lower Periods is that you must be in the direction of the trend. The point to be careful is that you do not come across a trend reversal. For this, you can add a check in front of the buy/sell to start trading when the upper frame trend reversal begins. You may have to wait for a while, but you will get on the train at the first stop. The journey will be long and trouble-free.

Stop Loss is not for me at all. More precisely, I think there is a serious danger for the investor with low capital; if you make two stops, almost 20%-30% of your capital will be lost. Trust the power of the trend, use as high leverage as possible and keep your free margin as high as possible.
When the trend turns, the number of your open positions and the total lot size will be enough to create a rule.

[teonilenders]

@Alex81 Hey man could you post the mq5 of the martingale strat you're working on please? I was actually creating my own martingale but with the 50 version as it's more accurate (I understand you are using the 25). If I could see what you did there because the results looks awesome I could maybe improve mine.
Thanks a lot !

[Alex81]

@teonilenders you can find it here:

https://fxdreema.com/forum/topic/16631/advanced-ea-framework/1

[Alex81]

@PhiLykia I got your point. I also have profitable strategies only when I don't use SL but money or technical exit. Maybe it's because I only trade indices and gold on small TFs...

By the way, even if I find your concepts interesting, they would not suit a prop firm or Darwinex evaluation; I need to develop strategies with fewer orders to be funded.

[Alex81]

This is with a higher period, dow jones 3 minutes.
It's definitely more similar to what I need for prop evaluation.

[teonilenders]

@Alex81 Hey Alex, I'm very sorry to disturb you again, I might be kinda new to fxDreema. Could you please guide me trough some of the steps I need to do in your advanced framework to get the results you have ? I'm trying my very best on my own but it looks like I need some help ,:) .
Thanks a lot.

[teonilenders]

@teonilenders said in Decisive indicators, supporting indicators:

@Alex81 Hey Alex, I'm very sorry to disturb you again, I might be kinda new to fxDreema. Could you please guide me trough some of the steps I need to do in your advanced framework to get the results you have ? I'm trying my very best on my own but it looks like I need some help ,:) .
Thanks a lot.

Or if you could send me the link to your project (if that's not too much to ask of course).

[Alex81]

@teonilenders I prefer not to share this one project because it will be one of the systems I want to use for Darwinex... sorry man.
But you can just change entry conditions as I stated above with WsoWro, play with different periods and thresholds and you will find some positive combinations. If you need help post your projects and we will try to put you in the right path.

[Alex81]

Some gifts...
Harder, better, faster, heavier

Wso and Wro channel_25.mq5
wso-and-wro_75.mq5
Wso and Wro channel_50.mq5

[teonilenders]

@Alex81 Hey man, I appreciate your honesty and thanks for these gifts I will definetly take a good look on those. Have a great christmas !

[VHV-Profit-Masters]

@Alex81 said in Decisive indicators, supporting indicators:

WsoWro

Gracias por tus aportes mi hermano, mucho de lo que compartes es de gran ayuda... WsoWro no abren en fxdreema... egun creo son codigo de mql5.... seria genial tener un borrador del proyecto para irlo curioseando y entre varios colaborando para mejorarlo de ser posible, pero es comprensible que no lo quieras compartir el producto final destinado a Darwinex, mas sin embargo es posible compartir alguna de las versiones anteriores del mismo proyecto con el nombre cambiado oo que se yo algo asi jajaja...

[Kongpatchara]

I download for test but that why error
how to fix ? thx

[l'andorrà]

@Kongpatchara As you can read in the post on top of yours, it cannot be open in fxDreema, sadly.

[Alex81]

@l-andorrà it works without any issue... on mt5 of course. There is no mt4 version as far as I know.