Australian (ASX) Stock Market Forum

Expert Advisors - Q & A etc.

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Wysiwyg said:
I can visualise a number of trades riding the trend jumping on board at various stages with stop loss and trailing stop for profit.
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I'd estimate that 30% of profit opportunity will come from trend following, and 70% of profit opportunity will come from fading. And trend following is always affected by slippage. So start with a fading strategy first.
 
pilbara said:
I'd estimate that 30% of profit opportunity will come from trend following, and 70% of profit opportunity will come from fading. And trend following is always affected by slippage. So start with a fading strategy first.
Click to expand...

??? dont think so. i rarely get slippage on my brokers. only during really fast moving markets.
 
Okay I have something on the drawing board which would work even better if Expert Advisors can be coded to enter at or near low/high price bar. :dunno: So I have made the entry rule + or - pips after price bar opens. Ideally at the price bar low or high if possible.

Master and Slaves H4

*Master trigger = Haikin Ashi candle colour change (enter 1 lot next price bar open + 25 pips short, - 25 pips long) Ideally at next price bar low or high ???
**Slave trigger = Volume bar crosses SMA(13) (enter .1 lot next price bar open + 10 pips short, - 10 pips long) Ideally at next price bar low or high ???
No Slave positions open unless Master open and only in direction of Master.

*Master identifies trend direction on H4 (Heikin Ashi candle colour change ... red candle = enter short, white candle = enter long ).
*Master enters 1 lot on next price bar open after confirmation Heiken Ashi candle. SL = 50 (move to B.E. after 20 pips in profit), TP = 300 or exit on next price bar open if H4 Heikin Ashi candle colour changes.

*Long ... Master enters long 1 lot when Heikin Ashi candle changes from red to white. (H4 Next price bar open - 25 pips)
*Short ... Master enters short 1 lot when Heikin Ashi candle changes from white to red. (H4 Next price bar open + 25 pips)


**Slaves enter .1 lot in Master trend direction only.Slaves enter on next price bar open (+/- 10 pips) if volume bar crosses SMA(13)
SL = 50 (move to break even after 20 pips in profit), TP = 50
**Slaves follow this instruction until Master exits trade.(Master exits on SL, TP or colour change with Heikin Ashi candle).
*Master exits trade on next price bar open if a Heikin Ashi candle colour changes.(red to white ... short or white to red ... long)
**All slaves exit trades immediately when Master exits.

Return to start.
 
Thankyou SN, Is your friend charging??? I could change the SL, TS and "entry from bar opening price" to suit smaller time frames (lesser bar range). I hope it isn`t too confusing.

Master and Slaves

*Master trigger = Haikin Ashi candle colour change (set limit order .1 lot next price bar open + 20 pips short, - 20 pips long)
**Slave trigger (only when Master trade is open) = Volume bar crosses SMA(13) (set limit order .1 lot next price bar open + 20 pips short, - 20 pips long)

Start

*Master identifies trend direction (Heikin Ashi candle colour change ... red candle = enter short, white candle = enter long ).

*For Long ... Master enters long .1 lot when Heikin Ashi candle changes from red to white. (Set limit order next price bar open - 20 pips) SL = 50 (move to B.E. after 20 pips in profit), TS = 50 Pips

*For Short ... Master enters short .1 lot when Heikin Ashi candle changes from white to red. (Set limit order next price bar open + 20 pips) SL = 50 (move to B.E. after 20 pips in profit), TS = 50 Pips


**Slaves enter .1 lot in Master trend direction only. Slaves set limit order on next price bar open (+ 10 pips short, - 10 pips long) if volume bar crosses SMA(13) SL = 50 (move to break even after 20 pips in profit) TS = 30

**Slaves follow this instruction until Master exits trade.(Master exits on SL or TS).

*Master exits trade via Trailing Stop Order only.

**All Slaves exit trades immediately when Master exits.

**Wait one bar then

*Return to start.


For reference -- SMA(13) for MT4 Volume Indicator below image.
 

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forex megadroid forward test:
pic.php


http://fxrmmegadroid.mt4stats.com/
 
Re: The money trees !!!!!!!!!

Here is another test which started at almost the same time but with different account and pip size and of course a different result.

http://www.forexpeacearmy.com/metatrader_expert_adviser/forex_mega_droid/demo

Forex Peace Army for reviews ??? It`s hard to know who is bullshipping and who is genuine in their assessment. The USA Mega Droid support team tries to clarify/justify the glitches in its performance there.
 
hi guys
not particularly relevant to this thread possibly, but i have to bring physically, or convert on other words, 400k nz or more, to aus dollars, yearly.
i currently use ozeforex, but the spread is near 2pc on 10k blocks, which i generally bring over or multiples of.
i need either a more efficient method of coverting kiwi to aus dollar, or find a broker with less spread, as 1-2pc on 400 plus k adds up.
not many brokers seem to do the physical delivery aspect of forex.
even if i could leave some of the dosh in nz, i'd need it converted to aus dollars, as who would want nz shares or property.
cheers shag
 
Wysiwyg said:
An EA due for release tomorrow May 5th is The Forex Magic Machine(magic money tree, LOL)
Click to expand...
Sorry all but this EA has a scam tag attached to it as per ForexPeaceArmy ...
http://www.forexpeacearmy.com/forex...694-ea-boss-com-theforexmagicmachine-com.html
We conclude that both EA-Boss and TheForexMagicMachine seem to have engaged in software piracy for profit as well as false advertising. Both of these are severe breaches of both the law and of ethics.
Click to expand...

Be careful of Forex Phantom too as the delay of launch may be because there is heat on the streets.

Thanks to Forex Peace Army for their vigilance.
 
Wysiwyg said:
Visual Trading Studio

I had a look on forex factory & forex army but can`t find a review or comment on VTS which is Visual Traders Studio.It (apparently) is an Expert Advisor builder that converts to MQL by putting the components, functions, logics, variables etc. onto a `drawing pad` to build the EA strategy of your choice without having to know the MQL syntax.



Looks good but there isn`t much mentioned about it anywhere.Priced okay for the endless amount of EA`s you can make.

Screen shots below.
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white_goodman said:
thats awesome considering how retarded I am with programmming...
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MS+Tradesim said:
I'm interested. How about we pool some money, buy one copy and see if someone like Wabbit would be willing to check the output and tell us if it does the job well?
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Wysiwyg said:
How about I buy it and y`all can send me your strategies and I will create the EA for a nominal charge of AUD$100 each. ;)
Click to expand...

i have an 'evaluation' version if anyone's interested.

PM me.
 
Hey Norm,

Have you had a play with Visual Trading Studio ... and what did you think?
Is it useful/worthwhile ... or overrated??

sleepy :)
 
pilbara said:
I'd estimate that 30% of profit opportunity will come from trend following, and 70% of profit opportunity will come from fading. And trend following is always affected by slippage. So start with a fading strategy first.
Click to expand...

Since there is always a trend (even a seemingly random market is in the trend of appearing random), the profit is always exploiting that trend. If you are fading a trend, you are simply trying to pick the start of the next trend. Otherwise you're just picking a spot with limited upside and the probability bias against you.
 
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