..Despite some good testing and refinements TrendRangeCombo never quite hit the headlines because ultimately the system combination was not quite strong enough to overcome some of the weaknesses inherent in the grid EA's being used.TraderJoeForex » Sat Jul 09, 2016 1:47 pm wrote:Recently I have focused my attention on trading Range and Trend market conditions independently on the same account with a view to reducing overall draw down and maximizing profit.
Rather than trying to make one EA do the impossible I thought why not find the best for each. After all if we were given the task of putting together the best home sound system we probably wouldn't choose the same brand speakers, amplifier and CD player, we would choose the best brands independently.
Now life moves on rather quickly at SHF, thanks to the experienced contributors, moderators and of course Steve the fastest coder in the west. In fact I can't believe TrendRangeCombo was a whole year ago!
I believe it is now time to begin a sequel, thanks to HGBnDnSSnFB for trend and Peaky for range and with a much wider D1 ATR grid/recovery system in place compared with the somewhat optimistic 5pip grids we were trying last year.
So allow me to introduce to you TrendRangeCombo II
SERIOUS WARNING
Most Forex traders lose all their money.
Using the robot posted here in trading Forex does not guarantee success.
Trading this robot could lead to serious financial loss.
Trading this robot without understanding its underlying trading strategies guarantees traders will lose their money.
This is not a set-and-forget ea; there is no such thing and anyone who tries to claim there is, is either stupid or lying. This ea requires frequent manual intervention.
At best, a trading robot is only 90% as good as the manual strategy it trades. At best. At worst, it can be much less effective. If the strategy is rubbish, so is the robot.
To trade this robot, you have to understand how to trade HGBnDnSSnFB and Peaky and have read those complete threads.
..carrying on from this post last week then:
HGBnDnSSnFB uses D1 Superslope for direction and ignores Sixths.TraderJoeForex » Fri Jul 07, 2017 6:37 pm wrote: ... promising first week for this combo without any conflicts or errors running two charts per pair. Overall HGBnDnSSnFB is in profit and Peaky in drawdown. The only pair with a trade on both so far is EURGBP and this is hedged perfectly. If both can end up in profit then that is the whole idea and will be awesome!
Peaky uses Sixths and trades back into the range created by a new Peak Hi or Lo
Below are 15 set files for HGBnDnSSnFB and 15 set files for Peaky. These are for the 15 pairs I am testing which are all except NZD and CHF. If you wish to adapt for another pair just change the SL, Grid and JS values in HGBnDnSSnFB and the SL, Recovery and JS values in Peaky. I have matched these to D1 ATR (120 period) for each pair and the PendingTradeBuffePips is 20% of this ATR in Peaky.
So you will need two charts open for each pair you wish to trade:
HGBnDnSSnFB on one and Peaky the other. Both on H1.
HGBnDnSSnFB scales into trades and Peaky recovers:
Each EA can take a maximum of 6 trades and sometimes these will be in the same direction and sometimes hedged so you will need a broker that allows hedging.
Trading action will gradually build up with D1 ATR jumping SL to protect profits. So don't expect to have trades closing every day but a whole month should start to give a decent picture of what this combination can do and I will post my updates each week.