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Author Topic: Experimental indicators  (Read 1187 times)

Offline 6y588

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Experimental indicators
« on: August 23, 2011, 04:27:15 AM »
Hi

I have been experimenting with a few of my own indicators that could be use as signals.

In the attached chart (XAUUSD=Gold), the low price in the red box could have been a BUY signal.

The first evidence is from my SharpeWaveW indicator (separate window) the yellow positive lines (+1 to +4) show a support has been reached (in contrast, the negative lines -1 to -4 show a resistance level).

The second evidence is from my Pring indicator (main window) the ratios (0 to 1) show a significant possibility of a bottom. The higher the ratio (max 1) and the higher the frequency of ratios increase the possibility of a bottom.

Rgds
6y588

Offline BrettUK

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Re: Experimental indicators
« Reply #1 on: August 24, 2011, 06:59:20 PM »
Sounds interesting, I cant see any attachment

Brett
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Offline 6y588

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Experimental indicators
« Reply #2 on: June 12, 2012, 06:41:07 AM »
I have finally completed my first EA based on experimenting with a few of my own indicators.

The EA trades on any currency, but it works best on EURUSD, USDCAD and AUDUSD. It is
attached to a H4 chart and its strategy is based on my own manual swing trading.

The first indicator used is from my TDSetup, which is based on price action, and gives a signal
when the buyers (or sellers) are exhausted. The signal gives a buy (or sell) when it detects a reversal in
an underlying bearish (or bullish) trend.

The second indicator is from my SharpeRSI indicator, which shows the volatility of price, with
0 and 100 being the two extremes of volatility. When the indicator is at the extreme, this validates
the first indicator that a reversal of the underlying trend is pending.

The third indicator is a neural net, which is based on using both the above indicators as inputs. It
has two hidden layers, and a single output. The output is basically a buy or sell signal which the
EA then opens an order accordingly.
« Last Edit: June 13, 2012, 04:40:23 AM by 6y588 »

Offline 6y588

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Experimental indicators
« Reply #3 on: June 12, 2012, 10:14:01 AM »
In comparison, between Jun 07 and Jun 11, WSFR had two SLs for a total loss of -288.4 pips, while SteadyWinner had two SLs at -147 pips. In these five days, my EA had three TPs for a total gain of 243 pips.

As an additional money management feature, you can turn on a recovery mode, which acts as a martingale that will allow a bad trade to turn from a loss into a profit. It has a feature that will close ALL basket trades, when the overall net P/L is positive. However, if this feature is turned off, the EA will not open any grid-like trades and it will use a fixed SL like an ordinary scalper.

In conclusion, it is a combination of a swing trader using neural net, which adapts to dynamic market conditions, coupled with a recovery feature. It performance so far absolutely kills the two EAs above.

Sent from my iPad
« Last Edit: June 13, 2012, 04:40:40 AM by 6y588 »

Offline JCrew7384

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Re: Experimental indicators
« Reply #4 on: June 12, 2012, 01:48:31 PM »
I don't see any attachments

Offline 6y588

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Re: Experimental indicators
« Reply #5 on: June 13, 2012, 03:21:13 AM »
I don't see any attachments
Good point, I was typing the previous post on my iPad and was not in front of my laptop.

Here is the first attachment: June 07, 2012 Shorted EU gained +85 pips.

Note: There is a typo on the chart: the correct date is June 07, 2012.
« Last Edit: June 13, 2012, 05:28:53 AM by 6y588 »

Offline 6y588

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Re: Experimental indicators
« Reply #6 on: June 13, 2012, 03:25:12 AM »
Here are the second and third attachments:

2) June 10, 2012 Shorted EU gained +85 pips

3) June 7, 2012 Shorted AU gained +73 pips
« Last Edit: June 13, 2012, 04:41:04 AM by 6y588 »

Offline 6y588

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Re: Experimental indicators
« Reply #7 on: June 13, 2012, 03:29:22 AM »
Sounds interesting, I cant see any attachment

Brett
I posted the attachment, but it has the message "Attachments awaiting approval".

Any moderators here who can help?

Offline 6y588

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Re: Experimental indicators
« Reply #8 on: June 13, 2012, 11:42:57 AM »
4) June 12, 2012 Bought EurGbp gained +35 pips.

The EA's performance keeps on killing.

Offline SiwenBerjen

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Re: Experimental indicators
« Reply #9 on: June 27, 2012, 03:41:55 PM »
4) June 12, 2012 Bought EurGbp gained +35 pips.

The EA's performance keeps on killing.

What means that good oe bad?

Offline deweymcg

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Re: Experimental indicators
« Reply #10 on: June 27, 2012, 03:47:45 PM »
All very interesting--so what is your plan? Are you going to give away the indicators and sell the EA? If you are selling, how about letting a few beta testers run a bunch of tests so they can confirm how good this is.

Offline 6y588

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Experimental indicators
« Reply #11 on: June 27, 2012, 04:59:52 PM »
All very interesting--so what is your plan? Are you going to give away the indicators and sell the EA? If you are selling, how about letting a few beta testers run a bunch of tests so they can confirm how good this is.

No, I am not selling the EA. If you had read the forum rules, you will know that most people who write profitable EAs will not sell them.

But I will publish the results from my live account using myfxbook, after running it for a few months.

Offline BrettUK

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Re: Experimental indicators
« Reply #12 on: June 27, 2012, 06:27:58 PM »

6y588,

Great work you are doing so please dont think me rude when I say this, I think you need to move this to a journal. You original title is experimental indicators but as you are unwilling to share the indicators or the strategy, which I can appreciate and understand, you posting screen shots of how good the trades are etc and not really sharing the basis of how or why you took the trades may not be the best way forward for this thread.

Please take this as me trying to help. I too have strategies that I cannot share or sell as they will be used commercially but I dont post about them on the forum as I feel it will annoy people. If you post in the journal thread giving a basic synopsis of your strategy and posting daily trades or results at least people are aware its your journal and that it.

Keep up the good work, Im always up for hearing about strategy development as I now spend most of my days doing exactly that which has lead me to working on a few strategies for the last 6 months.

Hope this helps

Regards

Brett
www.AssuredForex.com
Together...We Trade Smarter!




Quote: If in doubt....Stay Out!!

Offline DamBuster

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Re: Experimental indicators
« Reply #13 on: June 27, 2012, 06:39:21 PM »
I agree with BrettUK that this topic should be moved

@ 6y588: please let me know if you have any strong objections that out to be considered before a final decision on moving the topic is taken

 

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