Hi followers and newcomers,
It seems to me, that there are difficulties to work with such advanced and complex tool, provided by "Milanese", to find personal adjustments resp. the appropriate settings, which will match in reference to strategies.
Let me talk something about the ATR.
The ATR originally will measure the current volatility, depending on the settings.
It measures the HiLo-movements by average for the defined period (standard =14), resp. previous candles in the chosen timeframe.
Keep in mind, that using the ATR-settings in conjunction with the EA, we have to consider 3 variables.
- the timeframe (OOTB = 240 = H4)
- the ATR-period (OOTB = standard =14 “candles)
- the multiplier ( mostly > 1.0 to increase the distances, especially for TP in reference to risk-reward-ratios) the EA will calculate and use.
Please not, that the multiplier might be < 1.00 too, to reduce the amount of pips for the distances, like e.g. the SL, considering the other parameters.
Be care, all three parameters will influence dynamically the distance in pips for TP, SL, trailing and partial close etc. differently.
We find the standard ATR-indicator in the Empty4-indicator folder or we can use custom ATR-indis, provided by me (#MTF-ATR) or by “MOB” in the Hidden Pending thread.--> http://www.stevehopwoodforex.com/phpBB3 ... 94#p118494
I prefer the later one too, because we can see, how the multiplier by calculation will influence the ATR-values (curve). Thanks again to Mob.
To trail and understand how the ATR will work in general, try to set the ATR-period = 1.
It will supply the actual volatility of the timeframe (current candle) used and we can trail how the vola will permanently change, calculating and indicating the actual movements in pips.
It should be not mentioned: For testing we should use a demo-account.
In addition: The ATR shows the oscillating pip-movements and not the direction, but we can recognize by an increasing curve in the graph, if the (main-) trend is still stable, considering also the average pip-movement (vola) in the appropriate trading hour.
Refer to previous post in the HP-thread to find a link with a hourly vola-histogramm-chart, which will indicate the maximum pip-movement by average expected about 24h trading hours.
For followers who are not firm with, switch off the ATR-features completely in the first part of the EA-settings.
Using the HPEA, we can e.g. recognize by the orderlines, which distances by ATR are used for open trades.
With the APTM we will see by defaults e.g. the ATR-calculated locations of TP and SL.
Before you are experimenting with changed settings, create a set-file with the OOTB-Settings before or remove the EA by re-initializing, before getting confused.
I recommend also to make sreenshots of the setting-window, to reproduce and record what has been changed.
Hope that helps a little bit.
In sense of "Tommaso", ask questions for further clarifications
Moving on
Over60 |
