My New Day Trading System-rate and test - page 24
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Cy Hi,
I am checking the ten box renko with wpr2000 but finding extremely few occasions where the crossings are made to get any sort of real signal pattern. Obviously we are dealing with a vast amount of less bars to consider. Last signal on some pairs was back in May.
Have you tried a smaller wpr period that still acts as a power level that I could try without me hunting for one?
It may also be worth checking slightly different box sizes. The most common range of movement as I have found and is validated by pascal seems to be 21,56,84,112,126. My new levels which I have eluded to (still to post) reference these and other levels and they truly are quite accurate.
Saying that, Possibly a renko box 7 get's us closer to whole number divisibility and may give us a a safer entry.
Let me know if you have been down that path otherwise I will run some tests myself.
Cheers.This is the conclusion that I came to as well. usinkg Renko (10 box) with W2000 makes it a very long term trading system and not of much use. Maybe a 3 box? IDK..I still like Renko as a concept but am extremely excited about my broker releasing their deal book to us and am currently thinking of a way to take advantage of this data.
Link:
https://www.mql5.com/en/forum
I'm thinking that this information would make an excellent filter or the W2000 signal. What do you think? This is uber exciting.
I know not many people here seem to use FXCM, which is a shame since it will make testing difficult. So far, they are the only broker to make this information available to jo-smoe retail trader.
Hi all,
Just testing the WPR2000 EA I have been asked for on demo which is nearly ready, but noticed this odd order. ( Chart attached )
Any Ideas Anyone? I know brokers can spike but why no candle?
EA has placed over 200 demo orders already exactly where it should and I have not changed anything inside it.
Cy, Had a quick look at your order book info. Need to look at it a bit closer but it may give us another way to see long or short orders only bias. OANDA have some cool tools also but no one seems to have an RSS Feed which would be useful. I daresay a closer look at volumes and candle directions might give us similar info. POV type indicators or such. Bookmarked the 2 sites and will keep an eye on the values.
Re Renko, I will revisit after I get this EA sorted. I don't trade it at the moment but like you get drawn back to it often enough to visit it again.
Cheers for now.
brooky , can I show you my entry signal for 30M when it happens[ manual] and you could recommend something to improve on it -- in MSN; currently , 2 indicators that I gathered give quite definite and consistent ENTRY sign and show me the best price level to enter too [ work on all currency pairs ]
Talk to you soon. MSN playing up. Reinstalling as I type.
Cheers.
Hi all,
Just testing the WPR2000 EA I have been asked for on demo which is nearly ready, but noticed this odd order. ( Chart attached )
Any Ideas Anyone? I know brokers can spike but why no candle?
EA has placed over 200 demo orders already exactly where it should and I have not changed anything inside it.
Cy, Had a quick look at your order book info. Need to look at it a bit closer but it may give us another way to see long or short orders only bias. OANDA have some cool tools also but no one seems to have an RSS Feed which would be useful. I daresay a closer look at volumes and candle directions might give us similar info. POV type indicators or such. Bookmarked the 2 sites and will keep an eye on the values.
Re Renko, I will revisit after I get this EA sorted. I don't trade it at the moment but like you get drawn back to it often enough to visit it again.
Cheers for now.Will this happen on backtest? only happen on live trade? what is the backtest result for this?
Will this happen on backtest? only happen on live trade? what is the backtest result for this?
This is on live which is why it drew my attention.
I personally rarely backtest as most backtests are not worth the paper they are written on. Nothing behaves the same as live and then in many cases demo is different than real.
This sort of stuff occasionally happens irrespective of how much you guard against it.
If you want backtests for this I can curve fit a lovely report like most ea's for sale, but I will test this live before I release anything. As the programmer I feel a sense of responsibility to this forum to produce something that has a fighting chance of working.
All that aside, the ea is progressing well and should be ready soon for all to tweak and twiddle with.
Cheers.
eg: Below is a trade in progress now that the ea is working on with a correct entry like all the others except the picture above. ??
This is on live which is why it drew my attention.
I personally rarely backtest as most backtests are not worth the paper they are written on. Nothing behaves the same as live and then in many cases demo is different than real.
This sort of stuff occasionally happens irrespective of how much you guard against it.
If you want backtests for this I can curve fit a lovely report like most ea's for sale, but I will test this live before I release anything. As the programmer I feel a sense of responsibility to this forum to produce something that has a fighting chance of working.
All that aside, the ea is progressing well and should be ready soon for all to tweak and twiddle with.
Cheers.
eg: Below is a trade in progress now that the ea is working on with a correct entry like all the others except the picture above. ??Yes brooky, i believe you are near to success now, BTW do you might to share it here? you are doing great job Brooky...
"a fighting chance of a workable indicator."
if the bear and bull are chess player
while our attention span and hedging precaution is limited
they will say "check mate" while we still thought there could be a new bear/ bull trend
no matter how promising is the template, the market trend wiggle so as to produce a good lightening speed of attack
I find out that , those indicators give us fewer SIGN per day is Doing far Much better in LIVE condition that those indicator give us U-turn signaling
Hi, I know you are dying to try this EA so here's a little homework if you feel inclined.
If you want to get a head start on the EA settings prior to me posting it, you might want to do a little reseach yourself as you will have to fill this in when you get the ea to optimize it,-- assuming you wish to turn off specific certain trading hours.(recommended)
The EA will read this matrix and automatically work out (assuming it is on one of the listed pairs) what hour for that pair will it allow trades.
The table below shows the pairs that the ea supports with it's trade hour matrix if you choose to use that option. Depending if you use the longer periods or set it as a scalper, (which actually seems to work well at wpr 14) there are certain hours within each pair depending on news, openings etc that you would not want to open new trades).
The ea uses your platform time hours.
The matrix is set from Hr 0 to Hr 23 left to right.
The number 1 is open new trades that hour, 0 is open no new trades.
There is an over riding option as discussed to turn all new trades off from friday(your set time) until monday(your set time) if you wish, or just generally trade only a 2 hour block.
The default grid as you see it is set to all pairs trade every hour.
An (example only) of setting trading blocks for a pair might be, (assuming Oz open at Hr 0) depending on your broker might be.
eg:
( AUDCAD_hrs = "010011000100110011001100" )
ie : logic behind setting
1) wait an hour for market to wake up
2) Look to Place New orders for 1 hour
3) Let orders run for 2 hours and into Tokyo open
4) Look to Place New orders for 2 hours after AUD news hour
5) Let orders run for 3 hrs and over lunch
6) Look to Place New arvo fade orders for 1 hour
7) Let orders run for 2 hours and over Continental opens
8) Look to Place New orders for 2 hours into Continental
9) Let orders run for 2 hours and over NY open
10) Look to Place New orders for 2 hours into NY
11) Let orders run for 2 hrs and over lunch
13) Look to Place New orders for 2 hours afer NY News
14) Let orders run for 2 hrs and go to bed.
If you copy this matrix into notepad and save it you can just copy
and paste the values into the EA options when I post it.
You would then want to save the options as a *.set file so you only
ever have to fill these options in once.
extern string AUDCAD_hrs = "111111111111111111111111";
extern string AUDJPY_hrs = "111111111111111111111111";
extern string AUDNZD_hrs = "111111111111111111111111";
extern string AUDUSD_hrs = "111111111111111111111111";
extern string CHFJPY_hrs = "111111111111111111111111";
extern string EURAUD_hrs = "111111111111111111111111";
extern string EURCAD_hrs = "111111111111111111111111";
extern string EURCHF_hrs = "111111111111111111111111";
extern string EURGBP_hrs = "111111111111111111111111";
extern string EURJPY_hrs = "111111111111111111111111";
extern string EURUSD_hrs = "111111111111111111111111";
extern string GBPCHF_hrs = "111111111111111111111111";
extern string GBPJPY_hrs = "111111111111111111111111";
extern string GBPUSD_hrs = "111111111111111111111111";
extern string NZDJPY_hrs = "111111111111111111111111";
extern string NZDUSD_hrs = "111111111111111111111111";
extern string USDCHF_hrs = "111111111111111111111111";
extern string USDJPY_hrs = "111111111111111111111111";
extern string USDCAD_hrs = "111111111111111111111111";
extern string AUDCHF_hrs = "111111111111111111111111";
extern string CADCHF_hrs = "111111111111111111111111";
extern string CADJPY_hrs = "111111111111111111111111";
I am going to separate the trade matrix code at a later date into it's own indicator so that we can just plug it into any EA via iCustom or onto any chart so your efforts here can be used with other strategies.
(Assuming you believe as I do that hours are vitally important).
CheersBrooky, U are brilliant... BROVO!! thanks for your good job, hope this EA will help to earn and there must be a domation from me if this EA really earn..
Yes brooky, i believe you are near to success now, BTW do you might to share it here? you are doing great job Brooky...
Hi, I know you are dying to try this EA so here's a little homework if you feel inclined.
If you want to get a head start on the EA settings prior to me posting it, you might want to do a little reseach yourself as you will have to fill this in when you get the ea to optimize it,-- assuming you wish to turn off specific certain trading hours.(recommended)
The EA will read this matrix and automatically work out (assuming it is on one of the listed pairs) what hour for that pair will it allow trades.
The table below shows the pairs that the ea supports with it's trade hour matrix if you choose to use that option. Depending if you use the longer periods or set it as a scalper, (which actually seems to work well at wpr 14) there are certain hours within each pair depending on news, openings etc that you would not want to open new trades).
The ea uses your platform time hours.
The matrix is set from Hr 0 to Hr 23 left to right.
The number 1 is open new trades that hour, 0 is open no new trades.
There is an over riding option as discussed to turn all new trades off from friday(your set time) until monday(your set time) if you wish, or just generally trade only a 2 hour block.
The default grid as you see it is set to all pairs trade every hour.
An (example only) of setting trading blocks for a pair might be, (assuming Oz open at Hr 0) depending on your broker might be.
eg:
( AUDCAD_hrs = "010011000100110011001100" )
ie : logic behind setting
1) wait an hour for market to wake up
2) Look to Place New orders for 1 hour
3) Let orders run for 2 hours and into Tokyo open
4) Look to Place New orders for 2 hours after AUD news hour
5) Let orders run for 3 hrs and over lunch
6) Look to Place New arvo fade orders for 1 hour
7) Let orders run for 2 hours and over Continental opens
8) Look to Place New orders for 2 hours into Continental
9) Let orders run for 2 hours and over NY open
10) Look to Place New orders for 2 hours into NY
11) Let orders run for 2 hrs and over lunch
13) Look to Place New orders for 2 hours afer NY News
14) Let orders run for 2 hrs and go to bed.
If you copy this matrix into notepad and save it you can just copy
and paste the values into the EA options when I post it.
You would then want to save the options as a *.set file so you only
ever have to fill these options in once.
extern string AUDCAD_hrs = "111111111111111111111111";
extern string AUDJPY_hrs = "111111111111111111111111";
extern string AUDNZD_hrs = "111111111111111111111111";
extern string AUDUSD_hrs = "111111111111111111111111";
extern string CHFJPY_hrs = "111111111111111111111111";
extern string EURAUD_hrs = "111111111111111111111111";
extern string EURCAD_hrs = "111111111111111111111111";
extern string EURCHF_hrs = "111111111111111111111111";
extern string EURGBP_hrs = "111111111111111111111111";
extern string EURJPY_hrs = "111111111111111111111111";
extern string EURUSD_hrs = "111111111111111111111111";
extern string GBPCHF_hrs = "111111111111111111111111";
extern string GBPJPY_hrs = "111111111111111111111111";
extern string GBPUSD_hrs = "111111111111111111111111";
extern string NZDJPY_hrs = "111111111111111111111111";
extern string NZDUSD_hrs = "111111111111111111111111";
extern string USDCHF_hrs = "111111111111111111111111";
extern string USDJPY_hrs = "111111111111111111111111";
extern string USDCAD_hrs = "111111111111111111111111";
extern string AUDCHF_hrs = "111111111111111111111111";
extern string CADCHF_hrs = "111111111111111111111111";
extern string CADJPY_hrs = "111111111111111111111111";
I am going to separate the trade matrix code at a later date into it's own indicator so that we can just plug it into any EA via iCustom or onto any chart so your efforts here can be used with other strategies.
(Assuming you believe as I do that hours are vitally important).
Cheers
In case you are not aware, there is a great Forex Calendar on this forum so you can work out a pairs news pattern.
Brooky, U are brilliant... BROVO!!
Ta, forget donations, when my stuff works I earn money from it working.
Small point.
If you are quoting someone, you might want to run your cursor between the quote marks and just show the first line of the comment (see above) otherwise you will rewrite the Encyclopedia Britannica on this forum.
Cheers.