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Requests & Ideas - page 208

Mladen Rakic
163390
Mladen Rakic  
wintersky111:
Hi Mladen,

No, im not looking for that. Sorry i probably didn't put myself clearly. I meant to look for the trimmed absolute deviation (AD), for which the AD is just made up of the basic simple mean (no trimming of mean here).

In further explanation, i've ranked the below on effects of data outlier effect/kurtosis effect, for which i'm looking for the 4th one. Hope this makes things clearer:

1st: Standard Deviation

2nd: Absolute Deviation

3rd: Absolute Deviation of Trimmed Mean

4th: Trimmed Absolute Deviation of Mean

5th: Trimmed Absolute Deviation of Trimmed Mean

Although in reality, the 3rd version and the 4th version above are quite similar using trimming once, but the fact that there is a location estimator (mean) and a scale estimator (deviation) combined in each of them with the final output being scale estimation, makes the 4rd version more single-outlier resistant than the 3rd version, though at the cost of increased overall error in variance level estimation. The usual Type 1 and Type 2 error statistical tradeoffs showing it's presence here that is.

Thanks for clarifying Mladen

Yours sincerely,

Wintersky

Wintersky

This is maybe a a possible solution for the last 3 cases
1. When DiscardDeviation is set to = 0 and DiscarMean is > 0 then it would be 3rd case (average absolute deviation of truncated mean)

2. When DiscardDeviation is set to > 0 and DiscarMean is = 0 then it would be 4th case (truncated average absolute deviation of mean)

3. When DiscardDeviation is set to > 0 and DiscarMean is > 0 then it would be 5th case (truncated average absolute deviation of truncated mean)

Try it out

regards

joselatt
17
joselatt  

I need an automatic EA developed from the attached template with indicators. Basically I want a buy or sell order to be placed on the next bar following a bar where the superfast and the chuvashov indicators gives an alert together (do a buy order when both indicators signal buy on the previous bar or do a sell when both indicators signal sell on the previous bar). Once an order is place, the order should be closed when both signals occur again in the opposite direction. This is made specially for the M5 chart and no need to code any SL or that kind of stuff, all I need is fo the EA to reapidly open and close trades on the double signal. Also, when a trade is clodes on a double signal then another should automatically open as its also a double signal for a trade to start. Please see the linked zip with the indicators, template and also image showing 2 trade examples.

The files are attached

I really appreciate the help.

Thanks.

Files:
traderjoes.jpg 318 kb
traderjoes.zip 253 kb
wintersky111
355
wintersky111  
mladen:
Wintersky This is maybe a a possible solution for the last 3 cases
1. When DiscardDeviation is set to = 0 and DiscarMean is > 0 then it would be 3rd case (average absolute deviation of truncated mean)

2. When DiscardDeviation is set to > 0 and DiscarMean is = 0 then it would be 4th case (truncated average absolute deviation of mean)

3. When DiscardDeviation is set to > 0 and DiscarMean is > 0 then it would be 5th case (truncated average absolute deviation of truncated mean)

Try it out

regards

Mladen,

It's awesome! There's no error and the indicator works as it should in cases of discard deviation or discard mean settings from a visual checking of the output higher and lower values (their statistical errors too) that should theoretically happen in mean-reverting and non-normal situations. I was scared that the calculation codings would be a data hog and slow down the comp but it proved to be less computationally intensive than i thought even. It works great!!! You're making me greedy to see the final results when you'll make it with the stationary characteristic with Trimmed True Range in the final product.

& yes, indeed more experimentation indeed will be needed to find out the right settings to apply, as it's utility is still primarily "geared towards the extreme spectrum somewhat". & not forgetting the issue of the influence of finite samples on estimators. Crossing my fingers in great dizzy excitement. Thanks alot alot alot Mladen. Hehehhehee

Yours sincerely,

Wintersky

Ps: just in the rare case you might be interested in the research side of this indicator, i posted the most recent published paper with the efficiency ratings on pg 14 for a double trim, though personally i partially doubt the accuracy figures here even with extensive testing. Some of the older papers i've have seen, erroneously report the efficiency to be at 100% for Gaussian situations, which has now been revised downwards.

William Snyder
9493
William Snyder  
joselatt:
I need an automatic EA developed from the attached template with indicators. Basically I want a buy or sell order to be placed on the next bar following a bar where the superfast and the chuvashov indicators gives an alert together (do a buy order when both indicators signal buy on the previous bar or do a sell when both indicators signal sell on the previous bar). Once an order is place, the order should be closed when both signals occur again in the opposite direction. This is made specially for the M5 chart and no need to code any SL or that kind of stuff, all I need is fo the EA to reapidly open and close trades on the double signal. Also, when a trade is clodes on a double signal then another should automatically open as its also a double signal for a trade to start. Please see the linked zip with the indicators, template and also image showing 2 trade examples.

The files are attached

I really appreciate the help.

Thanks.

Joselatt, first would need the source code for the super signals, secondly chuvashov is based on fractals which repaint if the super signals are the ones I am thinking of they repaint also, so making an EA that would exactly follow your directions not sure if its possible do to the repainting.

joselatt
17
joselatt  

Mr. tools

Thanks for your response. I do understand that the indicators repaint but I do need the system to operate as described. Once both indicators give a signal on a bar, then the trade will be made at the close of the bar or in some cases where the signals double up 2 bars after one of the indicators made a signal on a bar. The placed trade should stay open until the indicators give a double signal in the opposing direction of the trade, at this point, the trade will be closed and a new trade in the opposite direction placed.

Attached is the super signals code.

Thanks so much for your rapid help and great EA development.

Regards,

Joe.

Files:
joselatt
17
joselatt  

can you also add audio and email alerts when signals double. Thanks a whole lot!!

William Snyder
9493
William Snyder  
joselatt:
Mr. tools

Thanks for your response. I do understand that the indicators repaint but I do need the system to operate as described. Once both indicators give a signal on a bar, then the trade will be made at the close of the bar or in some cases where the signals double up 2 bars after one of the indicators made a signal on a bar. The placed trade should stay open until the indicators give a double signal in the opposing direction of the trade, at this point, the trade will be closed and a new trade in the opposite direction placed.

Attached is the super signals code.

Thanks so much for your rapid help and great EA development.

Regards,

Joe.

Joe, sorry, but with one repainting or recalculating indicator the EA result is bad, with 2 of them much worse. Indicators like these IMHO are only good for manual trading by traders making decisions with their human brain, something a computer program or computer can't.

joselatt
17
joselatt  

I will be using this on renko charts so the signals will be pretty spot on. Can you please make the EA as requested.

Thanks.

Mladen Rakic
163390
Mladen Rakic  
joselatt:
I will be using this on renko charts so the signals will be pretty spot on. Can you please make the EA as requested. Thanks.

joselatt

Sorry for hopping in, but making EA with repainting indicators is simply not possible

Signals can not be retrieved since they will never happen on a current or first closed bar (neither in fractals case nor in the case of super signals) which means that EA will always enter too late. Try it in runtime (enter a trade exactly when it appears on your chart) and you will see with what kind of a lag it will work for one

Been in that situation (when I was trying to make an Ea based on repainting indicators) and the results were always the same : an account wipe out

_______________________

PS: adding to all the fact that even renko will repaint (it depends on a starting time when it is genereated what will you get) and that testing it on a renko (back testing) is completely impossible and that run-time performabce a working 100% depends on the renko charts generating software that is not a standard metatrader chart, it has so much cons that it is better to leave it as is : a manual sytem that helps you in trading

joselatt
17
joselatt  

Thanks Mladen.

Can you then make an EA using the chuvashov indi only please. Thats all I need then. The EA should open on a signal at the close of the bar and then close on an opposing signal as well as opening another.

Thanks for you response. I really would like this EA.

Thank you