Anyone who coded an EA knows that it gives a lot of wrong signals, particulary when the volatility is low.
Many suggests a time filter (trade hours). How do you do ?
I suggest a minimum volatility filter :)
That's what is a filter using the bb. When the BB congests, the width between the 2 bands is minimal, then come the breakout. If you filter that way, you miss (some of) the best opportunities.
I check for breakouts also when volatility is low, then if it breaks also the minimum volatility threshold is good enough to open an order.
How do you get the minimum volatility threshold ? The volatility is down, but a breakout doesn't always happen. Wrong signals.
Hi there !
Anyone who coded an EA knows that it gives a lot of wrong signals, particulary when the volatility is low. If you use a MA crossing strategy it won't stop crossing, nor positionning during this moments.
Many suggests a time filter (trade hours). How do you do ?
EDIT : No answer with BB. Taking the BB width as a filter shows lack ... cause it misses the breakout when BB congests.
You can use filter code like this:
Hour()>12
You can use filter code like this:
Hour()>12
I've tried to change to change thresold filter by adding a dead zone like : < min BB = give signals / > max bb = give signals. But it requires an optimization & ... damn I did not find the suitable volatility indicator to manage this.
I tried also with Money Flow Index, it gives good results but this error. Two weeks it didn't take any trade, but when running it in the strategy tester, it gives the same error but *trade.*
So I'm not sure on what to do. Any suggestion ?
cannot load indicator 'Money Flow Index' [4805]
with error 4805 : Error applying an indicator to chart
You need also a signal of relevant price movement/speed in one direction. And it should be higher than the recent volatility.
@oddpip : absolutely, but MA crossing gives a lot of false signals. I have to filter it. And volatility seems to be the more relevant. Do any price mov/speed indicator like RSI doing it better ?
@Quantum : Why the volatility filter ? (see higher).
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Hi there !
Anyone who coded an EA knows that it gives a lot of wrong signals, particulary when the volatility is low. If you use a MA crossing strategy it won't stop crossing, nor positionning during this moments.
Many suggests a time filter (trade hours). How do you do ?
EDIT : No answer with BB. Taking the BB width as a filter shows lack ... cause it misses the breakout when BB congests.