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Slopey Peaky Volume Bob https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=5726 |
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Author: | SteveHopwood [ Thu Aug 08, 2019 3:49 pm ] |
Post subject: | Slopey Peaky Volume Bob |
SERIOUS WARNING
You need the "SPB core library.mqh" file in your platform's Include folder. Download it from viewtopic.php?p=159559#p159559 Have a look at this folks: That is an increase in the balance of $2,803 since I started the demo on 29th July; note the equity at the time I took the snapshot. A lot of the losers came whilst I was working out the best ratio of stop loss to take profit. I was musing on the possibility of taking a trade when the trading volume at the close of the previous candle was higher than the close two candles ago. I dragged a Volumes indi onto a chart (Navigator/Volume/Volumes) and saw that yes, a spike in tick volume is usually followed by increased movement on the chart. Green Volume bars show that there was more activity during the previous candle than on the candle two bars ago. Red means less activity. That is all the indi tells us; it does not tell us whether the activity was buying, selling or both. I added a candle direction filter. Here is the trade setup and trigger:
I have been trading an I-am-right-or-I-am-out method. No gridding, basketing, hedging, recovery etc. I have been able to trade high lots (for me):
I have some reservations about all this:
Have fun. Matters of general interest Go here to download and run the script that will fill your platform's missing chart history: http://www.stevehopwoodforex.com/phpBB3 ... f=15&t=254 Read this post: http://www.stevehopwoodforex.com/phpBB3 ... p?f=6&t=78 Newbie traders, read this for inspiration and warning. Those of you who have suffered losses, read it for inspiration. Masterly summary of hedging: http://www.forexfactory.com/showthread. ... ost4977179 EA coding I receive may requests to code EA's. Traders, if I code your EA for free, then I will share it here. If you want me to code your EA without sharing, then my fee is $100 payable into my paypal account. I explain why at http://www.stevehopwoodforex.com/phpBB3 ... ?f=15&t=79, at the bottom of the post. Useful utilities/EA's/scripts
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Author: | trader689 [ Thu Aug 08, 2019 11:55 pm ] |
Post subject: | Slopey Peaky Volume Bob |
brilliant, thanks for the share Steve |
Author: | bodavid [ Fri Aug 09, 2019 3:26 am ] |
Post subject: | Slopey Peaky Volume Bob |
Thank you, Steve! Very smart to add volume as it tells a lot! I definitely think this one has legs with the right tuning. |
Author: | RobertMY [ Fri Aug 09, 2019 4:27 am ] |
Post subject: | Slopey Peaky Volume Bob |
Must try. Now...! Thank you. |
Author: | JonCodesBad [ Sat Aug 10, 2019 9:34 am ] |
Post subject: | Slopey Peaky Volume Bob |
Steve If this proves to have legs, you may of created a low starting balance ea. :hi: |
Author: | SteveHopwood [ Tue Aug 13, 2019 1:33 pm ] |
Post subject: | Slopey Peaky Volume Bob |
I am having some fun with this one. My sensible demo is still running. I decided to play and started a demo with a $1,000,000 deposit trading 100 lot sizes. Two early trades hit their SL, costing c. -$41,000. A third hit its TP this morning for +$56,452. There are two open still at +$46,000. It is a good game. Give it a try if you have some spare capacity. |
Author: | SteveHopwood [ Thu Jan 02, 2020 3:24 pm ] |
Post subject: | Slopey Peaky Volume Bob |
V 1a is in post 1, with the hidden stop loss and scaling back in code added. You need the "SPB core library.mqh" file in your platform's Include folder. Download it from viewtopic.php?p=159559#p159559 |
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