Baluda Slope Strength auto-trader

[pacinvest]

iCustom question

Hi Baluda, Steve and the team here.......

Your currency slope indicators are great - they arrived at a perfect point in my evolution as a trader. Can't wait for the markets to start moving again.

I will continue trials with the basket EA's but I am more interested in exploring the trading potential of the CSS indicator which brings another dimension to NB 10.2 building on the concept of slope by introducing the currency correlation.

So I have been working on the charts with the indicator examining how the different patterns of price action fit the curves and values of the CSS. I have been focusing on entries and exits. When I do this sort of thing I always go to the 'hard' areas in the chart, blow-off sharp reversals, big swings,consolidation periods etc. to test the the idea against price action that usually kills trading strategies. Suffice it to say I am really impressed with what I see. And what I am seeing is just as good on the H4 as the D1 charts which translates to potential for more trades and more pips.

I have compared the CSS triggers I'm testing to my best entry and exit methods and it is beating them all. Most impressive are the exits, which most traders struggle with including me. I really like how this concept can define 'end of trend'. Sounds simple but how many systems struggle with this and get caught by various price action patterns.

So in this simple approach I am wanting to see what I can do with the CSS indicator on H4 and D1 no other filters. I think we can learn more doing it this way to start anyway.

Here's my trigger rules for XXYY pair

Buy: Slope values of XX - YY is > 1.0
Close Buy: XX - YY < 1.0

Sell Slope values of values of YY -XX is > 1.0
Close Sell: YY - XX < 1.0

You're all probably asking why not the NB triggers of .8 and -.8. Well first the idea here is to learn about the CSS indicator and what it can do. Secondly, initially at least I am finding that based on the CSS alone this trigger avoids a lot of problem trading situations with these triggers. I think especially retracement and consolidation challenges. Anyway this is what I want to test in a more rigorous way.

To this end I coded a simply EA with EA Builder to trade a single pair as above using an iCustom call to the CSS indicator. Unfortunately I get the message below from Empty4 tester and the EA is not trading.

"Currency Slope Strength NZDUSD.,Daily: unknown subwindow number -1 for ObjectCreate function"

I realize this appears to be the same problem that Steve had calling the NB 10.2 slope indicator and that you solved this by writing your now famous GetSlope code to internalize the process, but doing it this way using your code is a bit beyond my coding ability right now, which is pretty basic.

So the question, can we make this simple EA using an iCustom call to the CSS indicator or should we not go there?

If there are suggestions on what the iCustom call should look like to work that would be appreciated.

If any of you guys who code EA's before breakfast want to make a simple one with above rules so that we could all have a play that too would be great. I think we would all learn a lot from this exercise.

Ok thanks to you all for some really exciting trading concepts and the ton of coding you have done to date..............Watch out next time those slope values creep up! I don't think the slope strength indicator will be displaced from my start-up dashboard chart any time soon...........the whole market dancing there in front of you.............awesome bit of work guys.

Here's and example of my triggers/entry/exit on a chart. This example has price action reversing stronly but still works out OK. Most of the trades have the exits closer to the price action turn. This example trade did about +186 pips on the H4.

[pacinvest]

Another Chart Example

Here is an example from the EURGBP chart of recent made from the Currency Slope Indicator slope value triggers from previous post.

EURGBP example.jpg

Note the strategy even survived some spiking gap up price action.

In this example the strategy is making money safely on the H4 chart when we are not really trading on the Day chart.

[Zypip]

iCustom question

Here's and example of my triggers/entry/exit on a chart. This example has price action reversing stronly but still works out OK. Most of the trades have the exits closer to the price action turn. This example trade did about +186 pips on the H4.

Hi pac,

It seems that you are trying to trade slope divergences. There was an indi coded by Paul showing the divergence value (CSSDiff indi) in the form of a histogram chart looking similar to the TMAslope indi.
Your example looks really nice except that the indi you are using is repainting (though not as much as the original TMAslope indis). Did you trigger this trade live and your pic shows the results of it or is this just visual backtesting?

Edit:
In the light of your last post.....visualbacktesting won't work...the indi repaints....TMAslope-related indis are a powerful source of information but should not be used in this way.....read Bob's posts...sorry!

[pacinvest]

Thanks Zypip for the comment

Yeah I have read Bob's post on the 'constant calculating nature' of these slope indicators and I get it.

These charts were made from visual back testing. Im not trying to be clever here just trying to get the concept across. This is not the same as live trading, but I have been looking at how much recalculating is going on in these situations and it is not huge actually.

The underlying issue you raise is another reason why I like the +1 and -1 trigger as this in effect gives you some buffer against being on the wrong end of the slope changing against you.

I played with the recalculating issue on the M5 and M15 TF's just to get an idea of the dynamics of it and of course this was extreme and gets you into some ugly situations but that gave me a practical demonstration of the thing working.

Anyway that is why I wanted to test the EA to avoid visual backtesting which as you say is not a preferred way to go.

I will look for Paul's indi you mention and have a go with that, thanks

Got to sign off midnight here in NZ.

[Zypip]

Thanks Zypip for the comment

Yeah I have read Bob's post on the 'constant calculating nature' of these slope indicators and I get it.

These charts were made from visual back testing. Im not trying to be clever here just trying to get the concept across. This is not the same as live trading, but I have been looking at how much recalculating is going on in these situations and it is not huge actually.

The underlying issue you raise is another reason why I like the +1 and -1 trigger as this in effect gives you some buffer against being on the wrong end of the slope changing against you.

I played with the recalculating issue on the M5 and M15 TF's just to get an idea of the dynamics of it and of course this was extreme and gets you into some ugly situations but that gave me a practical demonstration of the thing working.

Anyway that is why I wanted to test the EA to avoid visual backtesting which as you say is not a preferred way to go.

I will look for Paul's indi you mention and have a go with that, thanks

Got to sign off midnight here in NZ.

Seems you know what you are doing then You will find the CSSDiff indi on the tool fro manual trading thread but Paul has onyl released the compiled version at the mo.
Anyway, will be really interested to see the results you can get with an EA trading the CSSDiff indi......actually I did suggest for such an EA to be coded at some point (somewhere in the above thread) for the exact same reason you just mentioned (visual backtesting impossible) but it seemed that the general concensus at the time was heading in a different direction
Good luck mate and hope to see some of your results soon.

For the indi check on page 23 of the "tools for manually trading NB 10.2" thread.

[forexripper]

Another Chart Example

Here is an example from the EURGBP chart of recent made from the Currency Slope Indicator slope value triggers from previous post.

EURGBP example.jpg

Note the strategy even survived some spiking gap up price action.

In this example the strategy is making money safely on the H4 chart when we are not really trading on the Day chart.

I suggest you use CSS true indi (attached) and do a visual backtest with your parameters.
My suggestion would be to use cross of slope on pair or slope total over +1 etc only on pairs which show D1 slope (repaint version and not the true version) has strength.

[pacinvest]

Thanks Guys

Will do some more work on this and come back..............................

[winsteadglenn]

CSSDiff is a remarkable indicator. I have been looking at charts with various time frames. It might well stand alone in making decisions.
I am also hoping someone gives this a try in EA form.

[garyfritz]

forexripper, remind me -- where did Paul post that "true" CSS? I tried searching for it but currency, slope, strength, and true were all "too common" and rejected by the search tool...

[dentiok]

forexripper, remind me -- where did Paul post that "true" CSS? I tried searching for it but currency, slope, strength, and true were all "too common" and rejected by the search tool...

CSS True as I know, was made by zznbrm.
could some of you tell me if CCSDiff is reliable to visual back testing? I mean, it recalculate (repaints) the past?