measuring the ...well the "stochastic waves" with a lagging indicator may be what is needed here...Ralph...are you with me?
Late Edit: Guppy will end up the best pair to trade!...ooops sorry going too fast here...getting ahead of myself.
I agree with this assessment. One thing to keep in mind, most people here are using a VERY large stop loss (basically none at all), in hopes the market will eventually move enough in the right direction to be successful.
I like this statement! Makes me think we're at least on the right track.
Looking back at ANY candles ties you to a TF. But so does an indicator. You have to use something.
Exactly. This is very much a "right in the NOW" EA.
I mean that the "architecture" should remain open allowing the user to load the EA on any TF. If a user wants a larger frequencey of trades he could load it on the M15....if he wants less trades over a longer span...he could use the H1. If the TF is hardcoded into the EA then the user would not have any choices. If he wants more trades with lower TP's...he would have no choice, in the case of an EA that has the TF hardcoded.
We should attempt to present an EA that works in all TF's and gives the user a choice at which one.
There could be a input to lookback at a rolling 1, 2, or three candles to determine the high or low breaches...at these breaches there could be an input to use the averaging downmethod...or the pyramiding inmethod which are exact opposites.
This way wolfe, you present an EA that allows us to test various set files without you having to code and recode....
We should attempt an EA that works in all TF's and gives the user a choice at which one.
There could be a input to lookback at a rolling 1, 2, or three candles to determine the high or low breaches...
Yes ES, you already have this.
Let's look a some code-
This basically says this- The next buy is the high of the previous bar + the spread of the currency + 2 additional pips.(kayvan's idea)
High will always return the value of the high price of the previous bar (no matter what TF you are attached to).
Now we know use this to enter a trade-
[PHP]if ((Ask >= Next_Buy) && (Last_Type==OP_SELL))
Attach to whichever TF you want the EA to read the high or low of the bar previous the current one.
I do not think Ralph would participate if there was not something that kayvan hit upon.
I am using the present EA with low DD and many TP's thus far...I will stick with my tests there...and do not see it blowing up yet...next week will tell...
Meanwhile... a more stable and perhaps an EA with more choices for the various personalities out there might be polished and mounted...
Remember kayvan claims he has been trading his method profitably...for howw long I do not know...I suspect cable H! that is giving me such good results is the current preferred pair and TF..i simply do not know.
I know, these are the best results you've had so far right? I'll still work on it.
Yes Yes...I know...but when Ralph was considering the concepts this EA presents, I wanted to think out loud a little and I think we should preserve the TF openess...in the redesign..I was hoping that you and Dr. Ronnquist could work together.
I think my friends that I have in wolfe and Ralph are going to teach me how to code whether I know it or not...hehe..I am a stubborn old man...and there is more than one way to skin a cat! and...wolfe if you get the chance to work with Dr. Ronnquist...Take it!
I am sorry to say all of this below looks like Chinese to me...unless I was a copy and paste jockey, I would need to know what every space and every symbol and phrase meant...and why it was placed where it was...thus to explain this to me would be for another thread.
On this EA...kayvan and you made Lcfx's TFX profitable for me..and I again watch it with interest.
kayvan states there are fill problems...and he wants a modified chain which extends the progression beyond a primitive doubling from the beginning...but regardless... the EA works in its present state with my settings thus far on Cable H1 with primitive doulbling and the stated errors.
If you work on this EA further, please scrole up and reread some of my suggestions for open architecture. This will minimize much future work for you wolfe. This thread may become one of the all time hall of fame threads in tsd...and we might just make some profit to boot...
to reiterate...now this is my opinion only...
This is what I have so far...and these proposed options present a myriad of possibilites to test in an idiot-savant way Wolfe you can do it!
Please enable the necessary setting in your browser, otherwise you will not be able to log in.