Posts made by Sauce

@l-andorrà I find I’m receiving too many false signals and want only the best setups. Hence why I’m so picky. This follows Adam Khoo’s TCE strategy (really an EMA bounce strategy) which is easily found on YouTube. I have traded this in the past successfully but don’t want to babysit charts a day, thus this EA is a very detailed scanner/alert system. Hope that helps!

@l-andorrà Roger that, I have no idea how to build a custom indicator for that. I might have to get that coded by a professional instead via a currency strength meter...
Here is updated project without a correlation/currency strength meter yet: https://fxdreema.com/shared/YoBJDe8qd

Any advice on these other conditions I'm trying to create? Thanks!!

#1 Condition: The condition block(s) passes if these conditions (see image) have previously occurred since the last time the 18EMA, 50EMA crossed. (aka start of the recent trend) This is used as confirmation that price has previously bounced at this level and increases the odds of bouncing again. Essentially, this is the second time these conditions are happening in this recent trend.

#2 Condition: 6EMA < 18EMA within the last 10 bars (during the last 10 bars, the 6EMA was below the 18EMA) and vice versa for buy setup.

#3 Condition: High < 6EMA within the last 10 candles (during the last 10 candles, an m15 candle high was below the 6EMA and vice versa for buy setup using low/above).

Figured I'd put them all in one message rather than break this up into multiple messages/replies.
Thank you again for the help!

@l-andorrà Yes. I think it might be too much to ask honestly, it might need to be a custom indicator since there would be so many combinations.
Here's an example to get a better idea: we have a short setup on CADJPY and we want to see CAD weakness and JPY strength.
I will need to see any 3 valid pairs of the following: (any combination of 3 CAD or JPY pairs is valid)
CAD/--- pairs with 18EMA <50EMA<200EMA on M15 and H1
---/CAD pairs with 18EMA >50EMA >200EMA on M15 and H1
---/JPY pairs with 18EMA<50EMA<200EMA on M15 and H1
So for example if CAD/CHF is downtrending and AUD/JPY, NZD/JPY are uptrending then the condition is valid.

@l-andorrà thank you! I will add the blocks below. Is there a way to set a condition so only 3 out of 7 items are valid and it can still pass? Basically, all I need are at least 3 out of 7 pairs with 18EMA > 50EMA on M15.

@miki I've never heard of the Spearman correlation, but just researched it and it seems a little more intense than what I'm looking for to be honest. I just want to see if the CAD pairs as a whole are moving in the same direction which helps confirm a trade setup on a CAD pair in that direction.

1. Correlational Condition
   Looking to make a correlational condition where other correlated pairs are also moving in that same direction.
   For example, I see a short setup on CADJPY. In order to take the trade I need to see M15: 18EMA<50EMA<200EMA on at least 3 other CAD/xxx pairs or 18EMA>50EMA>200EMA on xxx/CAD pairs. As long as these EMA alignments are occurring, the trade setup is valid.
   This tells me that this is an actual trending move on currency weakness and not just one pair moving on it's own. I've found my trades are more successful when there is a correlated move in a currency pair.

Thanks in advance for any help! https://fxdreema.com/shared/Sy4jZ6yle

@l-andorrà Thanks for the insight!

1. Fixed to buy/sells only respectively
2. This was a mistake, thank you for finding it. Fixed now so that is an actual pending order below low of last candle
3. Idea is to only take the best trades (many entry conditions) and then let the trade work, if it's still pending and close is above/below 30EMA it closes pending orders. Otherwise it's hodl until stop or target hit.
4. Fixed to buy/sells only respectively.

Thanks for the proofreading, greatly appreciated!
Updated project: https://fxdreema.com/shared/I7JCba3Kb

@l-andorrà absolutely, here is the latest version
https://fxdreema.com/shared/Ql3U2Xfic

@sauce #2 image

@l-andorrà @miki using FxDreema has been going along well, I'm into manually optimizing now... looking to add some other complex conditions and have no clue where to start! Here's what I'm looking for:

1. A correlation condition: trade setup valid only if three similar-pairs* are moving in the same direction as the trade setup on this particular pair. (I have found that if I take a trade, it works best if majority of this pair are moving in the same direction, if it's the only pair moving that way it usually is a false signal). Example: A buy trade setup has appeared on NZDJPY. This condition should look to see if three other pairs containing NZD or JPY are moving with NZDJPY. Basically are any of the other NZD pairs moving up and are any of the other JPY pairs moving down? If there are at least 3 pairs that are moving with NZDJPY than the condition is valid. *similar-pair = pairs with the same pair family

2. A "deja vu" trade setup condition: basically this trade setup has happened before -- trade setup only valid if these conditions (see image) have previously occurred since the last time the 18EMA and 50EMA crossed. (aka start of the downward trend)

3. Condition: 6EMA < 18EMA within the last 10 candles (during the last 10 candles, the 6EMA was below the 18EMA) and vice versa for buy setup.

4. Condition: High < 6EMA within the last 10 candles (during the last 10 candles, an m15 candle high was below the 6EMA and vice versa for buy setup using low/above).

I try not to post until I'm really stuck and this is what I've got, any help is extremely appreciated as always! Thanks to you guys and this awesome forum I decided to bite the bullet and buy a 3month subscription for FxDreema.

@l-andorrà okay great, thanks. How about if I want to keep the buy/sell order block there and be notified when trades are occurring via that phone notification?

@miki thanks for trying!! How about this: I want a condition where this (screenshot) has all happened previously. Basically, I want to see if this setup has happened since the 18EMA has last crossed the 50EMA on the M15 timeframe.
Also, how can I make it that it sends a mobile alert to my phone instead of entering an order?

@miki thank you for taking a deeper look into this can of worms, haha. I'm not sure exactly what to look at in the output file, instead I can show you what I see on my chart from the indicator and tell you what I'm reading from it. Hopefully you can take my explanation and see it in the code/output file? (Sorry, I just don't want to say "that one!" and be wrong).

Here's a screenshot of 4 instances with different variables. I'm looking to trade the strong(>60) and weak(<40) pairs across multiple timeframes. In this screenshot, it's telling me that CHF is strong and JPY is weak. So if I can find an EMA pullback in CHFJPY with my other conditions met = great trade setup. Vice versa, a trade setup in EURCHF is most likely a false signal since that will not make a move either way. Again, not sure exactly how those numbers are from the output, sorry I couldn't be more direct, I just don't understand that actual code and how it makes these numbers if that makes sense, ugh. Sorry!!

@l-andorrà @miki Gotcha, yeah I was fearful of that because that was my main issue. Trying to take what I see from the indicator to put it into a condition block. Not sure if this is remotely correct to do, but I did try to add it under "My Indicators" (see below). Also, can you guys help me figure out how to group these individual trade strategies separately? (i.e. I don't want my pending orders deleted for a 50EMA pullback because of a block that say close pending orders for 18EMA pullback trades). I get how to group ID the "No trade/order" block, but what about the condition blocks?

@l-andorrà They are waiting to be connected to a custom MQL4 indicator for currency strength condition which I’m stuck on creating, once that is completed, that will attach to the once per bar which connects to the buy/sell orders. Basically just waiting for the missing link!

@l-andorrà Changes updated. I updated the link as well in the initial post. Looking to add that currency strength meter custom indicator but not sure how to do that. Thanks!

@l-andorrà Thanks for the kind words!

1. Well, that's embarrassing... haha. I totally forgot to change them to the appropriate pending buy orders. I will update now!

2. I'm going to stick the Currency Strength Meter condition in that space to connect ZZ to CSM to Once Per Bar.
   Since these are separate trading setups, I think I will need to group them by a separate group number for each one, right? I don't know how to do that so it includes the conditions though. (That way I'm not closing orders above the 30EMA when they are looking for a pullback to 50EMA.)

3. The gray EMA checking blocks were just to label everything and keep me organized. I will delete them. Is there a way to make a comment or phrase to put a title above each one?

@rogerthat I've also been looking into an EA crossover strategy and had this problem too. It's great when we get a trend going, but sucks if we are range bound! Would love to see the EA if you dont mind!

Here's a basic picture from today of the trade setup I'm looking for with M15 entry setup continuing the H1 overall trend
(which is also seen on H4 too).

Re: [Creating EA Help!: Trend Continuation with Currency strength](moving avg)

Hi everyone,
Checking the forums, I saw this Currency Strength Meter mentioned from ForexFactory here before in a thread, but not much came of it. Likewise, I posted this EA almost a year ago and trying to add this custom mql4 indicator CSM got me discouraged. I've done my due diligence and educated myself for the most part with FxDreema basics, but as a newbie still cannot figure out this custom code so I'm reaching out for help.

I've completed most of my project which is a lower timeframe pullback to an EMA for continuation of the higher timeframe trend. Here's what I'm looking to get help with:

Add the custom Currency Strength Meter as a trade parameter where if multiple pairs are signaling/triggering, the currency strength meter condition decides the "best" pair to trade at that time by looking at the higher timeframe's numbers for currency strength. (i.e. JPY is weak across the board on M15, GBP is quite strong across the board on M15, so this condition would compare all JPY pairs and have the H1 numerical value for csm be strongest for GBPJPY even though other pairs are triggering too.) It should work that M15 setups check the H1 csm, H1 setups check the H4 csm, and H4 setups check the Daily csm.

Again, I've tried to do as much as possible for this project and hate asking for an expert to ultimately do this for me, but this code (6,000 lines) is daunting and is wayyyyyy above my basic FxDreema 101 knowledge. It seems like the best way would be to compare the objects/numbers but I'm really not sure.

Thank you in advance for any input, it is greatly appreciated.

Here is my project: https://fxdreema.com/shared/n748n0EXd (updated)

Currency Strength Meter Download: 0_1607670959191_CSM original.mq4
Currency Strength Meter FF thread: https://www.forexfactory.com/thread/852082-csm-indicator-hanover
Instructions to get CSM to work properly on your MT4: https://www.forexfactory.com/thread/post/10041710#post10041710
Or else you'll get a ton of errors.