Posts made by trader.philipps

@shovel52 I don't know your indicator version in particular, but usually it means that the indicator display is shifted to n numbers of bars in order to for instance delay signals or make them appear quicker.

@reader1 It's not that hard. Just need zo get used to the logic a bit more. What you could also do as an alternative (and depending on yor strategy) is to implement your own tailing, where you modify SL from time to time by a value of an indicator. Hence you might use a Moving Average for instance which you know acts like a support/resistance. There are so many ways to "trail" with the price action.

@mcarl42 The constants you can set in EA settings. So you can coose for instance the MA type where 0 is SMA, 1 is EMA, etc..

@reader1 If you want to trail SL there is no best setting and you will always miss some pips. You need to try out by youself what works best for your strategy. A scalper for instance will trail very closely to the price level where a swing trader would have SL trailing with a wider distance to price in order to "survive" some pullbacks.

@mcarl42 Well, that's my interpretation of what you wrote https://fxdreema.com/shared/TLBXNyoW but in BT it doesn't open any trade.

Could you please refine your requirements especially on which candle ID which condition should be met? As I use candle ID0 (current candle) only for trade actions, all other condition must be met on previous candles (ID1, ID2)

For example:

ID1: MA5>MA7
ID1: MA7>MA9
ID1: MA9>MA20

and so on.

What I didn't understand is the requirement (moving average current is < m.a 1&2 candles ago.) Which MA you are refering to?

@fxamoneymaker Check available buffers if you have the source code of the indicator. usually there is at least 1 buffer that mybe is not visual but indicates the trend (which then will be painted in different color). That's how I do so.

Of course you need some basic knowledge to do so.

In case you don't have the sources, there might be a way to read the color from a chart object, but that's a different story and not what I use in general.

@reader1 To be honest, there is no perfect way to do so. If yor set TP on a trade and price reaches it, the trade will be closed.

There are several ways you might come around with, but none of them are perfect.

1. If you have no clue about a target region where price will go, use trailing SL only. But here you might get stopped out on pullback too early.

2. Split trades in several portions (eg. with euqal lot size). For example insead of 1 trade with 1.00 lots you'd open 2 trades with 0.50 lot. First trade will get TP (let's call it TP1). 2nd trade will be set to BE once TP1 is hit. You might specify a TP2 for second trade or just trail SL for that one.

3. Instead of setting a TP1 on a single trade, you might check if that price is reached and partial close (eg. 50%) of the trade. Set BE for the rest. Let it continue making profit until next target price level. Here you might close the entire position or do the partial closure stuff again. Set BE on TP1 in that case. This procedure is called scale out.

@mcarl42 I'm afraid, my example didn't fit totally all conditions. It misses "last candle. open>20 close>20 open<9 close<9 low<20". As it is hard to spot any condition on several charts that meet all your stated conbditions, I think it will be very rare occuring. Even on higher timeframes the space between MA(9) and MA(20) is quiet small to fit an entire candle inside.

@dhuntleyinc Hard to tell without knowing your project. Let's assume you have 10 strategies implemeted, you'd make 2 EAs of 5 strategies for instance. If yu'd share a link to your project, we might have a look.
Did you check with Browser Tools if you see any errors (eg. on Chromepress <CTRL>-<SHIFT-i)

@mcarl42 said in hi everyone , can someone please program this for me , just so i know how its done simple moving average strategy should be easy.:

open>20 close>20 open

In order to understand what you mean, I put the MAs on the chart and try to find the conditions you describe. Following colors for MAs:
blue - SMA(5)
yellow - SMA(7)
orange - SMA(9)
red - SMA(20)

Is MA(7) really necessary?

@luisjunior1224 Choose "% of Equity 0> Lots" for the simple calculation or if you know your initial SL on trade open, the better way maybe is Risk% of Equity as it takes into account the pip value of the specific currency.

@alphaomega If it doesn't start at all, maybe the trade has the wrong goup number? If there are more atcive trades with the same group number (can't see in the screenshot), the average open price calculated by that block is maybe not reached. Check Information for that particular block.

@luisjunior1224 The default value for ATR in MT is 14. you can use a multiplied value of that (for instance by 2) for initial SL.

What @roar wanted to show is 1 way to measure volatility. That has nothing to do with SL. So he took the ATR of a long periood (144) and compared it with the ATR of a shorter period (13) in his example. In this case you'd enter trades only, if ATR(13) is bigger than ATR(144). Keep in mind that ATR is directionless!

@luisjunior1224 You can easily build by yourself. You can import the the indicator into fxdreema and use it. Most strategies use any kind of Moving Average - at least the trend following ones.

Btw. I just implemented the ATR bands vor current timeframe as I just need it that way.

@luisjunior1224 Just to give you a feeling about ATR maybe and because I have good mood today, here is a very useful custom indicator for all kinds of moving averages. I tweaked it a bit that it shows an ATR band (1 line above MA line and one below). You can adjust the multiplicator in the settings as well as the ATR period.

0_1575851025517_AllAverages_v4.9_600.mq4

And that's how it looks like on the chart.

If you set MA period to 1 you'd have your SL based on ATR (candle close for instance).

@luisjunior1224 Start with 2* ATR value for begining. That's a fair value usually. However, it depends also on timeframe if you use default period of 14. On M1 you'd just cover the last 14 minutes and on D1 the last 14 days.

@cpxiom Passion is always a good attitude

@bigape I understand your conserns, but the question is, why you multiply and not add or reduce the ATR value (or a multiplied atr value).

@bertandadas What does it mean "bars in a row? All bars are in a row on the chart somehow. So please ask more precise!

@dhuntleyinc Wow over 900 blocks. Looks like multi-strategy EA. Maybe split it into more peices?