MetaNeural SuperDash

[remix919]

Nice EA, looks like different brokers giving different results already, very typical though, just gotta find the broker with the best results

[dietcoke]

This is an interesting EA. I like the price action setups.

My first impression is that it overtrades a bit.
One way of reducing this might be to tighten further the reversal setups on the hourly bars.

I thnk the pending trades it generates should possibly expire at the end of the hourly bar that created them


if(dc[index] - do[index] <= 250*Point && dc[index] > do[index] && dv[index] > dv2[index]) // up t failure
{
DailyBias[index] = UP;
}


The red code is wrong for a few reasons.
Firstly, Point will always return the Point value of the current pair which doesn't alway produce what you want in a mulltipair trader

Second, hard coding the pip value in this way won't work as expected as for example, 25 pips on EURGBP is nearly 50% of a days range whereas it's only 15% of GBPNZD.

Perhaps using 5% or 2% of the pairs daily Atr would be a better way of doing the T failures and Reversal failures.

I found this document explaining the failure types on the web.

[bernard]

Very interesting strategy. Thank you for sharing.
I am running it on Alpari UK Demo as of today.
Will report the results.
Is there anyway to keep the exotic pairs out of the equation?
I have now open trades of NOKSEK or EURMXN that in real life would not touch them.
Best,
Bernard

[Shiva]

Hi FalseDave, thank you for a great work of coding. Would it be possible to add a parameter to filter out pairs one doesn't want the EA to trade/monitor?

[matt_32]

Great work !

I've started demo OOTB but it seems, on some pairs, to leave blank the TP and SL.
Don't know why this is happening

Matt

[falsedave]

Thanks DietCoke for spotting that for some reason I must have missed it, please update to 1.1 if you already have it running.

Used the point value of current chart rather than the point value of each symbol. Affects trade logic and SL/TP calculations.

I see your point also with the Reversal Pip distance as well. Using ATR would make for a much more adaptable EA.

After leaving in running all night it has become obvious that the SL in some cases is far to close to current price and in others to far away.

I initially used a fixed distance of 150 points (15 pips) as a minimum stop distance but I'm thinking a more suitable minimum might be 1 or 2 * ATR(24). This does in turn affect on lot sizes but the risk per trade effectively stays the same. On the other hand the original metaneural had a re-entry line which
I thought was way too far away from price. We could use this either as a hard stop or re-entry for recovery. What does everyone think ?

The other problem with the MM side as it doesnt have a fixed Risk/Reward ratio. If it hits stop level it may only lose 1% but if it hits TP the reward may be much less than this. Also early closes and partial closes affect this even further. MichealM you have a very valid point, just need to work out how to do this to give us a decent ratio.

Just in the process of adding Alert / Email and Push Notifications for those that use Mobile Empty4. Spread filter and Equity filter in due course.

Thanks for the feedback everyone much appreciated.
Dave

[jiaxingx]

BT result seem to not good...

[lucklogic]

Reference Dietcoke failures attachment.doc

The thought of the logic required to code all of those parameters has caused me to have a funny turn...........I'm going to lie down

[falsedave]

Update 1.1

Notifications Added for manual trading. - I mashed it all together into one message rather than the original two. So that you get a message upon a S/R failure.

Fixed important error in code.

Please check first post for update

[warpengine]

This EA should include ECN option, if your broker do not allow sending orders along with stops the EA give errors and do not work properly.... I'm tring to modify the code now...

Nope my fault the EA stops seem ok, it must be something with my Empty4/broker...