RJo wrote:fxozgirl wrote:RJo wrote:fxozgirl wrote:
usdchf didn't quite set up for me (maybe that was a good thing
)
We shall see... USDCHF is making me seasick at the moment.
fxozgirl wrote:
But eurgbp & gbpchf both had correct set up's but v1t didn't take the trades.
Actually, those false entries were properly filtered out. This is the negative pinbar filter hard at work (see Chang Log, Post 1, page 1, for details).
Edit: Correction: see just above Change Log.
I thought that might have been the case, however I wouldn't have said either of them qualified as pin bars??
What is the criteria you are using to determine a pinbar and whether or not to trade?
BTW usdchf looking good now
Cheers
In the original version, there was an error in the logic that evaluated pinbars for buys and sells. Since v1a, The8 has used the following logic:
Attempts to avoid negative pinbar entries by requiring the wick opposite the entry direction is longer than the wick toward the entry direction.
Ok, that clears up what has happened now...
However, I do think this function will filter out a lot of potentially viable trades.
Can you please confirm if this is correct? The wick in the opposite direction of the entry direction could be only 1 pip shorter than the wick in the entry direction and the trade would not be taken?
This may also explain why the EA is not taking many trades I thought were valid.
If this is the case, is it possible to be able to turn this feature on/off? or perhaps relax this criteria somewhat?
In the attached eurgbp chart I have highlighted 3 examples where trades were not taken (looking back based on this rule) which all would have been profitable trades.
eurgbp_tradesnottaken.png
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who, thus far, has chosen to fly under the radar.
