DislikedHere are the results for this whole day by the default settings, (previous version).Ignored
3 Bar Fractal with mid-bar and bar on each side 11 replies
Inside bar or outside bar identifier 7 replies
Journal related to: Advanced Inside Bar (IB) Trading 19 replies
Pin bar, pin bar, pin bar 0 replies
DislikedEveryone knows that you don't trade on a single indicator, right? Even a noob like me knows that. And I'm a real noob. The noobiest of noobs ;-)
So what if we mix the TOM, Trend and RSI indicators that we've used up to now? Look below.
Our number of trades decrease, but we kind of expected that. We also get a significant rise in the win ratio, 92% anyone?
And on that note I shall retrieve those beers from the fridge that have been chilling for the past few hours. Bottoms Up!Ignored
DislikedOur number of trades decrease, but we kind of expected that. We also get a significant rise in the win ratio, 92% anyone?Ignored
DislikedHI 1ka,
Normally buy or sell orders are placed 10pips+spread away from the inside bar on daily charts; correct me if I am wrong.
However, the EA places order juat at the high or low of the previous bar. For example, the attached EU would have been 2 winners with out trouble, if the orders were taken based on this method.
If we look back on previous big looser, they were all taken based on previous long bars, and the price could not really pierce through much higher than that.Ignored
DislikedI DIDNT GET IT :{ THISE IS 11 RISKREWORD WHAT U PRESENTING HERE ON THE DATA?Ignored
To create your own indicators you will need to edit the IBTrader-Ind.mq4 file and add your own logic. An example RSI indicator is included. If your indicator needs parameters then you can pass them into the indicator through the EA string property ExtIndParams. You will, of course, need to parse the string if you have multiple parameters.
Make sure that the EA property UseExternalInd is set to true otherwise your new routine will not be called.
And that's it. Any questions then just ask in the forum. I still need to think about how we do Debug, but for now just call Print as per usual.
If you identify any useful indicators, then let us know. We'd be interested to see what you've got.
Disliked
I'm not sure what part you don't get, so let me run through the workings.
All testing is done on EURUSD 30M for the whole of 2008 unless otherwise stated.
The first result is for the IB method without using any 'indicators' to reduce false trades. This is the reference trade and shows the theoretical maximum number of trades (1767). From this the IB has 'won' 1500 trades.
Note that the EA splits the trade at 1/2 ATR and lets the other 1/2 run. The strategy tester counts this as two trades as, in theory at least, the second 1/2 could...Ignored
Disliked1ka, I respectfully suggest a Maximum Adverse Excursion study of all winning trades from your original test (in which all breaks of IBs were taken regardless of TOM,Trend, indicators,etc.). This is an effort to determine the point at which a trade is highly unlikely to become a winner once it has moved against us. At this point we set our stops, rather than at the opp end of the IB. A percentage of ATR might be a try, or perhaps a percentage of the length of the IB. PippoIgnored