PolyFitScalper - page 60
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Mladen, attached is an attempted mod of the polyfit scalper v1.59 with newsfilter...I am attempting to use the indicator Dynamic Zone Jurik Volty MTF as an additional entry filter. The intent is to filter out any entries when M5 volty is less than the midline. The EA doesnt seem to be taking any trades, even though as you can see from the pic the bands are breached and entries SHOULD have happened - so apparently I have failed. Can you help please? Note I have newsfilter off and time filter set to 24/5 operation.
Thanks !!!
Odysseus
Mladen, attached is an attempted mod of the polyfit scalper v1.59 with newsfilter...I am attempting to use the indicator Dynamic Zone Jurik Volty MTF as an additional entry filter. The intent is to filter out any entries when M5 volty is less than the midline. The EA doesnt seem to be taking any trades, even though as you can see from the pic the bands are breached and entries SHOULD have happened - so apparently I have failed. Can you help please? Note I have newsfilter off and time filter set to 24/5 operation.
Thanks !!!
OdysseusOdysseus,
Hope you won't mind me doing the mod anyway here's Polyfit with Volty, posting the indicator without mtf and alerts, which is used in the Ea, added a spread filter(in case you want to test), since the news filter not working yet.
BTW your coding was pretty close keep it up
Thanks -
I run various editions of polyfit on various platforms, mosly demo but a couple live - and BLEW out a live account (was very small, just a few hundred $ but still annoying) this past morning when AUD news hit.
Lessons learned:
1) good that you added a max spread setting - spread widening kept my positions from exiting at what SHOULD have been a breakeven.
2) we *DO* need a working newsfilter if we want to run polyfit on any pairs that are affected by news at any times. That means that without a news filter you cant IMO safely run polyfit using that schedule file on ANY AUD/JPY/NZD pairs (because those pairs WILL occasionally news that causes spikes). A max spread filter is a good first step, but we really need full newsfilter.
3) I have been visually backtesting and we also still do need that cfb-log min value filter IMO...filters out low-potential entries.
4) thanks for adding the volty filter, but using it as-is (on current chart TF), you will never get any entries on m1, because any time the polyfit bands are breached, volty WILL be above the midline on the m1 TF. What I was trying to accomplish with that was using m5 volty reading, and trying to only allow trades when there is a spike during an otherwise-dull point (volty<midline on higher TF). See what I am saying? And it still doesnt work vs events like news spikes because that volty reacts too slowly for that.
Hope you can address these issues.
Thanks for your work man, I'm learning alot from you !!
Check the below pic for a laugh on what can happen on news spikes even with filters......
Odysseus
Thanks -
I run various editions of polyfit on various platforms, mosly demo but a couple live - and BLEW out a live account (was very small, just a few hundred $ but still annoying) this past morning when AUD news hit.
Lessons learned:
1) good that you added a max spread setting - spread widening kept my positions from exiting at what SHOULD have been a breakeven.
2) we *DO* need a working newsfilter if we want to run polyfit on any pairs that are affected by news at any times. That means that without a news filter you cant IMO safely run polyfit using that schedule file on ANY AUD/JPY/NZD pairs (because those pairs WILL occasionally news that causes spikes). A max spread filter is a good first step, but we really need full newsfilter.
3) I have been visually backtesting and we also still do need that cfb-log min value filter IMO...filters out low-potential entries.
4) thanks for adding the volty filter, but using it as-is (on current chart TF), you will never get any entries on m1, because any time the polyfit bands are breached, volty WILL be above the midline on the m1 TF. What I was trying to accomplish with that was using m5 volty reading, and trying to only allow trades when there is a spike during an otherwise-dull point (volty<midline on higher TF). See what I am saying? And it still doesnt work vs events like news spikes because that volty reacts too slowly for that.
Hope you can address these issues.
Thanks for your work man, I'm learning alot from you !!
Check the below pic for a laugh on what can happen on news spikes even with filters......
OdysseusBy default the volty was set to 5 minute timeframe here- extern int voltytf = 5; made it an external parameter which the user can control, will add the cfb back just left it out because in last version you posted it was not being used in buy or sell routine.
NewDigital, I read a post by you on here somewhere and you mentioned which currencies were impacted by which other currencies news events.
could u repeat that please?
Thanks
Odysseus
For NewsTrader or news indicator as the settings?
- EUR = true and USD = true for EURUSD;
- GBP and USD for GBPUSD;
- JPY, EUR and USD for USDJPY;
- CHF, EUR and USD for USDCHF;
- AUD for AUDUSD;
- NZD for NZDUSD;
- CAD for USDCAD.
yes thanks that was what I needed -
just to use if and when we have a newsfilter for polyfit or any other EA for that matter...
Thanks again
Odysseus
BTW I have my own observation:
CNY news (china) impacts all USD pairs!!
Improved version of PolyFitScalper_v1.59_noHedge EA with FXCM broker: new settings
I am trading EURUSD, GBPUSD, USDJPY, USDCHF, EURCHF, GBPJPY and GBPCHF.
It is EURCHF (in case we are trading this pair only):
GBPCHF:
GBPJPY:
For all the pairs (statement is attached):
============
- For PolyFitScalper EA all the versions, to download settings and so on: https://www.mql5.com/en/forum/179816
- improved version of PolyFitScalper_v1.59_noHedge EA with new settings is on this post.
- PolyFitScalper_v1.59_noHedge_newsfilter-1 EA is on this post: added TSD news filter to the improved Polyfit 1.59, can be turned on/off, can adjust minutes before news to stop Ea from trading, and can choose from high, medium, or low impact news to filter, along with currency pairs news we want to filter.
- PolyFitScalper_v1.59_noHedge_newsfilter-cfb norm-log EA and PolyFitScalper_v1.59_noHedge_newsfilter-cfb norm-sigmoidal EA are on this post.
- what is sigma/risk and which values to use (safe, medium and risky settings): https://www.mql5.com/en/forum/179781
- the setting/input for settings for Alpari UK, LiteForex and MB Trading (and any other broker): https://www.mql5.com/en/forum/179781
- 1.58 and 1.59 versions with the settings: https://www.mql5.com/en/forum/179781/page4
- 1.60a version of the EA is on this post.
- PolyFitScalper_v1.61_noHedge EA is on this post: this version using Daily HiLo Jurik Smooth only taking trades in direction of breakout if in agreement with Daily HiLo Jurik Smooth.
- v1.7.3 version with cfb indicator is on this post with this settings.
- old statements for 1.57 version, EURCHF with sigma = 2.8: this post.
- old statements for 1.59 EA, moderate settings: this post.
- old statements for 1.59 EA, agressive settings: this post.
- old statements for 1.60a EA, moderate settings: this post.
- visual statement is forward testing/trading results. More about it: Signal Performance Factor and visual statements: this post with the explanation and on those 2 posts as detailed comments: this post and this one.
Improved version of PolyFitScalper_v1.59_noHedge EA with FXCM broker: new settings
I am trading EURUSD, GBPUSD, USDJPY, USDCHF, EURCHF, GBPJPY and GBPCHF.
It is EURCHF (in case we are trading this pair only):
GBPCHF:
GBPJPY:
For all the pairs (statement is attached):
============
- For PolyFitScalper EA all the versions, to download settings and so on: https://www.mql5.com/en/forum/179816
- improved version of PolyFitScalper_v1.59_noHedge EA with new settings is on this post.
- PolyFitScalper_v1.59_noHedge_newsfilter-1 EA is on this post: added TSD news filter to the improved Polyfit 1.59, can be turned on/off, can adjust minutes before news to stop Ea from trading, and can choose from high, medium, or low impact news to filter, along with currency pairs news we want to filter.
- PolyFitScalper_v1.59_noHedge_newsfilter-cfb norm-log EA and PolyFitScalper_v1.59_noHedge_newsfilter-cfb norm-sigmoidal EA are on this post.
- what is sigma/risk and which values to use (safe, medium and risky settings): https://www.mql5.com/en/forum/179781
- the setting/input for settings for Alpari UK, LiteForex and MB Trading (and any other broker): https://www.mql5.com/en/forum/179781
- 1.58 and 1.59 versions with the settings: https://www.mql5.com/en/forum/179781/page4
- 1.60a version of the EA is on this post.
- PolyFitScalper_v1.61_noHedge EA is on this post: this version using Daily HiLo Jurik Smooth only taking trades in direction of breakout if in agreement with Daily HiLo Jurik Smooth.
- v1.7.3 version with cfb indicator is on this post with this settings.
- old statements for 1.57 version, EURCHF with sigma = 2.8: this post.
- old statements for 1.59 EA, moderate settings: this post.
- old statements for 1.59 EA, agressive settings: this post.
- old statements for 1.60a EA, moderate settings: this post.
- visual statement is forward testing/trading results. More about it: Signal Performance Factor and visual statements: this post with the explanation and on those 2 posts as detailed comments: this post and this one.
Current Status
I went through this thread and have started testing on a demo account. Could use a little clarification:
New Digital have you stopped forward testing 1.7.3. I usually like Mr. Tools modifications, but you seem to have abandoned that in favor of 1.59
Mr.Tools on 1.7.3 are you using the crb indicator posted on permalink 264or are you usiing one of the other versions, i.e. "crb new," etc.
Also, where does the discussion re news filter end up. Necessary or not?
Thanks in advance.