Proposed 4hr Strategy
Ghost
> who can code it for me into an expert advisor?
Post the links to the indicators and I will have a look at producing the EA
Have you thought of an ATR filter to stay out of flat markets
> adjustable stoploss, adjustable takeprofit, adjustable trailing stop
Why not have the EA calculate these automatically?
-BB-
Hi BB
I think these are the indicators but the Saduky colours are upside down and macd strength is with other indicators. How would you calculate the stop & take automatically? Do you mean with PSar or are there established methods based on day ranges etc. I have to say BB I usualy find your comments and a couple of other peoples on this forum most useful.
https://www.mql5.com/en/code/8816
https://www.mql5.com/en/code/8644
Thanks
Hi BB
I think these are the indicators but the Saduky colours are upside down and macd strength is with other indicators.
https://www.mql5.com/en/code/8816
https://www.mql5.com/en/code/8644
Thanks
Ruptor
No thank you, I Searched this forum, forexfactory and forex-tsd to no avail :(
Didnt 'guess the typos'!
What great (looking) indis - will have to investigate more!
> How would you calculate the stop & take automatically?
By checking out the action at higher timeframes
> Do you mean with PSar
No - I have done a huge amount of work on that - and dont like it, its one of those that just dont work as good as it looks
The tendency to flip-flop in rangy conditons makes it unsuitable for general use IMHO ;)
You have to look at its original purpose (stock trading on daily charts during established trends) and leave it there :)
> are there established methods based on day ranges etc
Very much so..
Oh did you want to know what they are...?
> I have to say BB I usualy find your comments on this forum most useful
You're very welcome :)
> couple of other peoples .. most useful
Damn right, they're great - so I usually let them answer.. the difficult ones :)
Especially where any higher maths is involved - doh!
Good Luck
-BB-
Ruptor
No thank you, I Searched this forum, forexfactory and forex-tsd to no avail :(
Didnt 'guess the typos'!
What great (looking) indis - will have to investigate more!
> How would you calculate the stop & take automatically?
By checking out the action at higher timeframes
> Do you mean with PSar
No - I have done a huge amount of work on that - and dont like it, its one of those that just dont work as good as it looks
The tendency to flip-flop in rangy conditons makes it unsuitable for general use IMHO ;)
You have to look at its original purpose (stock trading on daily charts during established trends) and leave it there :)
> are there established methods based on day ranges etc
Very much so..
Oh did you want to know what they are...?
> I have to say BB I usualy find your comments on this forum most useful
You're very welcome :)
> couple of other peoples .. most useful
Damn right, they're great - so I usually let them answer.. the difficult ones :)
Especially where any higher maths is involved - doh!
Good Luck
-BB-
Indeed BB, your input is most helpfull in this forum.
I use your 'move stop to psar' mq4 on a 1h time frame and with the trend.
Tip: set PsarStep to 1.00 instead of 0.02; it's much closer to price action.
In fact it can function as a scalping tool on the lower time frames.
Great work BB ! Thanks for your work.
Luc
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Introduction:
This is a 4hr strategy based on two indicators published on
MQL4 forum...( I call it GHOSTZONE STRATEGY)
First of all i commend the authors of these two great indicators,
they are worth all the time spent on them.
(1). indicator strenght( macd strenght=true)
(2). i-saduky
Signals Method:
*** to sell: macd strength paints a red downward stroke which coincides
with a red block painted on chart by i-saduky...ONLY THE
FIRST COINCIDENCE IS VALID.
*** candle properties: The signal candle must be formed same time as
as the indicator signals and the red paint on chart by i-saduky
should be above the open price of the candle.
***to buy: macd strength paints a green upwaed stroke which coincides with
a blue paint on chart by i-saduky and ONLY THE FIRST
COINCIDENCE IS VALID.
***candle properties: The signal candle must be formed sane time as the indicator
signals and the blue paint by i-saduky should be below the open price
of the candle.
Trading logic:
(1) when a trade is closed and it is not a loss, the last used lot size is retained but when
a trade is lost, the last used lot size is doubled for only the next trade then it is returned
to the original value set.
(2) If a buy signal does not close at a target take profit, the the next signal which must be a
sell signal is valid when i-saduky paints a red block above a candle and the candle is formed same
time as the i-saduky signal. The reverse is the case when a sell signal does not close at the
target profit....SEE eg 3A
(3) If as at the time of formation of a candle the signals for buy or sell do not match,
and while the said candle is still being formed, the colours change to matching colours,
the signal is valid but the last used lot size is halved for such trade after which the lot size
is returned to the set value.eg
(4) The robot should have :
adjustable stoploss
adjustable takeprofit
adjustable trailing stop
sound alert for a correct buy or sell signal.
Conclusion:
The above described system or strategy has been tested for May
and has returned profits in 94.% of trades but it is not perfect. is there a perfect system???
I want all to criticize constructively and pass judgements as seen fit BUT who can code it for
me into an expert advisor? is there anyone out there??????????