EA based on support/resistance

ace81 · Post by **ace81** » Wed Mar 19, 2014 6:41 am

Hi friends

Is this normal OOTB setting we use?
Or we have to change to -0.4 instead of -0.2?
Because i got many losing sell trade from SR 30m

Post by **milanese** » Wed Mar 19, 2014 9:05 am

ace81 » Wed Mar 19, 2014 6:41 am wrote:Hi friends

Is this normal OOTB setting we use?
Or we have to change to -0.4 instead of -0.2?
Because i got many losing sell trade from SR 30m

This is with no influence, as the tma-slope is only used for exit if the trade is going wrong und the values used are hardcoded...

Cheers

Tommaso

ace81 · Post by **ace81** » Wed Mar 19, 2014 10:54 am

milanese » Wed Mar 19, 2014 5:05 pm wrote:
ace81 » Wed Mar 19, 2014 6:41 am wrote:Hi friends

Is this normal OOTB setting we use?
Or we have to change to -0.4 instead of -0.2?
Because i got many losing sell trade from SR 30m
This is with no influence, as the tma-slope is only used for exit if the trade is going wrong und the values used are hardcoded...

Cheers

Tommaso

Thanks for taking your time answering.. i get it now

Post by **trader689** » Wed Mar 19, 2014 11:40 pm

thanks bazze , can i ask if there was any specific reason for those timeframes?

bazze » Tue Mar 18, 2014 9:06 pm wrote:I traded EU on the H1,the GU on the H4 and UJ on M30...

Post by **trader689** » Thu Mar 20, 2014 12:10 am

Tommaso

thanks for the EA. i have a question, if setting the EA on a timeframe other than M30, i understand that PERIOD_SR has to be changed to the relevant timeframe

but what about the other time based functions that are locked currently to 240, namely PERIOD 2CANDLE RULE, PERIOD ATR and HtfTimeframe. do those need to be changed as well?

please advise, thanks

Post by **milanese** » Thu Mar 20, 2014 12:41 am

trader689 » Thu Mar 20, 2014 12:10 am wrote:Tommaso

thanks for the EA. i have a question, if setting the EA on a timeframe other than M30, i understand that PERIOD_SR has to be changed to the relevant timeframe

but what about the other time based functions that are locked currently to 240, namely PERIOD 2CANDLE RULE, PERIOD ATR and HtfTimeframe. do those need to be changed as well?

please advise, thanks

Hi,
and thanks for your interest. No I would the other parameters not change as they should work with the H4 tf best, but all can be tested out, who knows, maybe other settings for this values can be too better..

Cheers

Tommaso

Post by **skoda2008** » Thu Mar 20, 2014 2:49 am

zentauro67 » Tue Mar 18, 2014 8:37 am wrote:Very nice. Proven supports are rarest than verified ones, but give safer signals. The most clear signal I have noticed using slipshod´s indi is when price approaches a proven support and tick volume increases. The odds of reversal are then very high. (Not sure if tick volume can be added as I have not seen it before in any EA, and can bring some confusion regarding different brokers). I´ll follow with great interest this EA. :hi:

When you say an increase in tick volume I am curious, what are you using as the gauge of tick volume? The volume histogram in Empty4 or some other method?

Post by **zentauro67** » Thu Mar 20, 2014 3:10 am

Hi, Skoda. I´m using Better Volume, but you can also use the original Empty4 volume.

This is an example from EURCHF 4H. I have muted all S/R except the proven ones, that you can see in purple.
Notice how volume increases when price touches the proven support, trapping the shorts. (You can also notice how volume increases every time price touches the top and the bottom of the channel, but this is out of topic here). I mentioned volume just as a curiosity as I don´t think it could be added in a reliable way to an EA. But you can always take it in consideration for your manual trading.

Imagen 1.jpg

Post by **skoda2008** » Thu Mar 20, 2014 3:33 am

Thanks for the clarification. I have not played with the Slipshod indicator (yet), but by it's very nature of what support and resistance actually is, wouldn't there almost always be an increase in trading activity at these levels?

Post by **milanese** » Thu Mar 20, 2014 3:44 am

skoda2008 » Thu Mar 20, 2014 3:33 am wrote:Thanks for the clarification. I have not played with the Slipshod indicator (yet), but by it's very nature of what support and resistance actually is, wouldn't there almost always be an increase in trading activity at these levels?

It should be to aspect that these levels are zones ,where we can find many orders(SL, buy/sell limit ecc.).., what is imo the basic idea of this strategy..

Cheers

Tommaso