Self Optimizing RSI or MFI Trader:
Author: John Davis
First,thanks to Author for his efforts and contribution,it is really very explanatory code (brief descriptions at mostly important code lines inside code) for to better understanding,yes there is much room to be extended,for example some more needy features and possibility to apply best custom indicators (rsi/mfi) in place built in - time control and some kind filtering trade features.
Thank you mntiwanna for your comment.
I think you have a genius idea there with creating the ability to optimize custom indicators, I did not think of that before, but it seems to me to be a real possibility.
So, to sum up, your comment I have found three salient points.
Could I request that you elaborate a little on the trade filtering features, what trade filtering features would you recommend? I am thinking of say using another indicator such as the Average Directional Index (ADX) to limit when a trade is taken or not. Something like if ADX is below 25 take trades that counter the current trend and if it is above 25 take trades with the trend. But I am sure I don't know what filtering methods are best.
Hi John Davis,
Nice work. I'm assuming you are training using brute force. You could implement the training using Particle Swarm, my favorite or the Genetic Algorithm, both significantly faster. Both can be found on the forum by a quick search.
Yes,ADX is pretty ok including 3 MA crossing addition - some experts advises to see in HTF what happening there as for one more additional confirmation
but i dont know about brute force and or particle swarm,can you explain shefard how it can be applied here when fixed values are already adapted
Brute force refers to a training method that goes through all the possible combinations in optimization. What method are you using?
Can u give best settings you have found?
Hi, looking good!
i tried settings on eur/usd 5 min chart and got only winning results. from 100 eur to 5000+ with 1 year backtest. Next ill test it on demo trading next week to see real results.
Now available in the MetaTrader marketplace:https://www.mql5.com/en/market/product/26332
i just downloaded ur EA, launched on EUR/USD Pair on the 1 Minute Chart, it gives a looooooooot of loss trades, and only very very few Profit ones, upon seting up, i left default parameters, should i correct something to make it work properly ? i mean to work for profits not losses.
Thnx a lot