The setting is really somewhat arbitrary ofcourse, different settings working better in different TFs and in different conditions. But a line has to be drawn somewhere sometime and 14,50 is what I chose after eyeballing a lot of charts on various TFs. 14,50 definitely seems to work better then 7,50 on most TFs. I'm using H1 for initial testing and 14,50 seems to work pretty well there.traderduke » Thu Apr 20, 2017 9:54 pm wrote:
I tried 14-50 & 14-100 several times but didn’t trust them because if you try 16,17-50, the pairs flip flop. I’ll give them another go.What TFs do you think work the best with the 14-50
I intend using a threshhold and testing may even reveal that the stock 7,50 with an appropriate threshold is all that's needed. Main idea as I said is to get on those good moves and stay on them, and avoid the chop as much as possible, 14,50 helps with this. Initial testing is faster on H1 but I intend moving to higher TF if this all works out, probably D1. Have done enough short term trading so I'd like to wind down on a higher TF with a bot, if that makes sense (and what better bot to do it with!)
Yes that's what I was referring to with one of the slight mods I made. I'm always using CloseTradesOnColourChange so unless I employ some other kind of stop that CloseTradesOnColourChange is what will close the trade.traderduke » Thu Apr 20, 2017 9:54 pm wrote:
I have used thresholds before but the dips always seem to cause false exits and entries especially in lower TFs. I’m not sure what you mean by “then trades will exit on yellow SS colour”?? Can you elaborate?
If you have a threshhold set then OOTB the EA will exit on a SS yellow (i.e. on candles where the currency lines are within the threshhold). That is quite a legitimate thing to do, it's just not what I want. E.g. I don't want a long trade to close until it hits SS red colour. The thinking is that most often SS yellow are just reactions on a good move, (not always but often).
So I make sure no trades close on SS yellow. In my version of the EA the slight mod is at lines 851 and 874 (I'm only using trading TF atm). E.g. line 851 is: if (SsColour[0] != green), change to:
if (SsColour[0] == red) PM me if you need more info.
I have made some other slight changes in that area of the code but not relevant to this particular discussion.
. But these results are meaningless, I will only use them to extract stop/TP values.