Nanningbob 10.5 EA

[kwanann]

Will be posting up my final version for all who are interested on monday. This uses a custom CSS indicator which should fix the issues with CSS that I have. Also fixes the case where sells are not working

The sell is a bug, instead of an op sell, I put a op buy so it wil always fail

[Priyesh]

Hi AGT
I have set up MFXB
I noticed that there are now pending orders to go short on usdchf. So, things look good.
Thanks
Priyesh

[kwanann]

have posted the final version on page 1, this fixes the sell issues as well as the incorrect css values.

Now is not a good time to run this EA since markets are not trending, your call

[theforexedge]

Kwanann

Thanks for the latest version..it seems to be handling the current market consilidation quite well, but wondering if you had thought about adding Baluda's GlobalMarketTrend?

Andy posted his code over on Snailbeards thread...might be worth adding it to see if it can be used as a filter for consolidation / market churning sideways..

Thanks anyway..JP

Code: Select all

//+------------------------------------------------------------------+
//| getGlobalMarketTrend()                                           |
//+------------------------------------------------------------------+
double getGlobalMarketTrend(int timeframe)
{
   double currencyValues[8];
   int i;
   // Get Slope for all symbols and totalize for all currencies   
   for ( i = 0; i < PairIndex; i++)
   {
      double slope = GetSlope(Pairs[i], timeframe, 0);
      currencyValues[libCSS.getCurrencyIndex(StringSubstr(Pairs[i], 0, 3))] += slope;
      currencyValues[libCSS.getCurrencyIndex(StringSubstr(Pairs[i], 3, 3))] -= slope;
   }
   double globalMarketTrend = 0.00;
   for ( i = 0; i < 8; i++ )
   {
      // average
      currencyValues[i] /= libCSS.currencyOccurrences[i];
      globalMarketTrend += MathPow(currencyValues[i], 2);
   }
   return ( globalMarketTrend );
}

[kwanann]

ok will add that in, seems simple enough. what should be the OOTB value?

[theforexedge]

Kwanann

Andy said he was using H4 TF and i've attached a capture of how I use GlobalMarketTrend on my manual charts...I think 2.5 seems to be a good place to start

Top is D1 -> H4 -> H1

Of course if there was some way to detect the direction / acceleration of the slope that would be even better

JP

[kwanann]

so the global market trend must be > 2.5 then it will trade?

should be easy

[theforexedge]

K.

Thanks...it seems worth a try as the EA has been performing really well when trending and around BE when the GMT slope is decelerating


JP

[kwanann]

really? from what i see, the EA that i'm running has returned most of its profits and its now about 2% in the red. i.e it went from 13% gain to 15% loss

[theforexedge]

Kwanann

I think its been a combination of running the older version of the EA with the sell bug and at the beginning of every trading week I manually go through each currency pair on the D1 TF to remove the non trending pairs or if they are near to resistance levels using Slipshods SS_Support Resistance indicator. Not sure if this could also be added with the GlobalMarketTrend code

Example of the Chart is attached - The other indicator are TradeGuider VSA (Volume Spread Analysis)

Anyway like most EA's there always needs to be some manual intervention I guess

Jason