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Master Zen
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=3159		 Page 3 of 7
Author:  fx800 [ Sun Sep 22, 2013 9:14 am ]
Post subject:  Re: Master Zen
zentauro67 wrote:Let´s hope re-entries could be available soon. Some big moves happen after a little consolidation pause (change of color) and without re-entries we could be missing the most profitable part of the trend. CJ´s ideas about the three impulses cycle suggets that in a healthy trend we could need two re-entries once the pivot has been crossed.

One of the weak points of this system are porcupines. PA scratching the dayly pivot in tight consolidation zones (CZ) can give some nasty entries. Maybe later someone could code an anti-porcupine filter. This will change the efficiency of the EA and could be the key to make it profitable.

Squalou´s boxes in 30M give a clear reading of the problem.

This is a 4H porcupine:
4h porcupine (2).jpg
Zooming to 30M we see how the daily pivot is trapped in a CZ. This is the worst situation and trades should be disabled here.
30 m pivot trapped.jpg
Not having such a filter, we can think in a 13 pips buffer as alternative. But it´s a second-rate solution.

In the opposite side, when a daily pivot matches the boundaries of a 30M CZ, the cross is strengthened by the breakout effect.

Thanks again for your work and good luck!

(I used normal candles in the examples, just to see clearer the problem)
Hi Zen,

Thanks for your input.

Perhaps, you will work out the criteria for re-entries. Set them out as 1, 2, 3, etc. I am sure help will be forthcoming after the week end.

As for me, I like something very simple, like using pullback, which would be easy to implement. All those things you have mentioned, I do not know whether it would be possible to code or whether there will be any volunteers to code them for you.

Simplicity is the key to any trading strategy.

I will start a fresh demo on the latest update at market open until further developments happen. As I mentioned before, the ea in its present form would be viable.

Set the PivotBufferPips to whatever you think is appropriate. For my demo, I will use what Bob usually uses and that is 10 pips. Zen thinks you need 20 to 40 pips, try different settings and see what the outcomes are.

peter
Author:  fx800 [ Mon Sep 23, 2013 8:50 am ]
Post subject:  Re: Master Zen
CTCDPC just manages to keep its head above the water.

Not bad for a debut. Hopefully, more improvements to follow.
Author:  fx800 [ Mon Sep 23, 2013 8:59 am ]
Post subject:  Re: Master Zen
Found a bloop on the PivotBufferPips

Code: Select all

extern int      PivotBufferPips;
Should have been

Code: Select all

extern int      PivotBufferPips=10;
You can make the change above and re-compile OR

update in post one, v.505
Author:  zentauro67 [ Mon Sep 23, 2013 12:33 pm ]
Post subject:  Re: Master Zen
Testing v.504 on 13 pairs. Until now it opened three trades. All in profit. Good start.
Imagen 001.jpg
Author:  fx800 [ Mon Sep 23, 2013 12:46 pm ]
Post subject:  Re: Master Zen
zentauro67 wrote:Testing v.504 on 13 pairs. Until now it opened three trades. All in profit. Good start.
Imagen 001.jpg

Thanks, Zen.

Waiting for Fxdaytrader to add the outer boundary filter when he can spare the time. Most of the pairs are still trading outside their usual outer ranges and I expect more retracements in the next couple of days. So, my trend ea's are off in my live accounts for the moment.

CT is the order of the day for the moment.
Author:  fx800 [ Mon Sep 23, 2013 1:07 pm ]
Post subject:  Re: Master Zen
Two of the trades taken today.

The entry appeared to working fine so far.

The present demo exercise is for bug hunting, and not about profits or losses.

The CTC is a precious little gem, thanks to Magft. Let us exploit its full potential.
Author:  fx800 [ Mon Sep 23, 2013 4:14 pm ]
Post subject:  Re: Master Zen
CTCDPC finished the day in negative territory, down almost 4%

This is not surprising as many pairs are retracing from the big moves last week. All my other trend ea demos are similarly down for the day.

We need to add an outer boundary filter to prevent the ea from trading outside WR2/WS2 for instance. Many pairs are trading near key support/resistance levels, and it is quite natural for many of them to take a breather.

The strategy for trend trading ea is to buy from key support/resistance levels after retracements. It will be a challenge to see if this can be coded into the ea. This is why I favour using a pullback for entry even though this is not what 10.5 for monkeys is about.
Author:  zentauro67 [ Mon Sep 23, 2013 4:40 pm ]
Post subject:  Re: Master Zen
In the conservative mode many of the trades are not to be taken as GBPUSD, for example, where a bearish crab is telling you Don´t trade. The conservative mode is specially useful in reversal zones and over extended moves (as wee see now in all the majors). As a temporary solution, a WP2 and WP3 filter seems easy to code. Strong R/S zones are also possible using Slipshods library. Harmonics patterns are another history: I have no idea if they can be added to an EA.

I started the Demo last night, with 5.04. So far, it´s going quite well. Two BE trades and three opened in profit. No losses yet.

Have you considered the possibility of using normal candles for the entries and Heiken (or synergy) for the exits?
Author:  fx800 [ Mon Sep 23, 2013 4:50 pm ]
Post subject:  Re: Master Zen
zentauro67 wrote:In the conservative mode many of the trades are not to be taken as GBPUSD, for example, where a bearish crab is telling you Don´t trade. The conservative mode is specially useful in reversal zones and over extended moves (as wee see now in all the majors). As a temporary solution, a WP2 and WP3 filter seems easy to code. Strong R/S zones are also possible using Slipshods library. Harmonics patterns are another history: I have no idea if they can be added to an EA.

I started the Demo last night, with 5.04. So far, it´s going quite well. Two BE trades and three opened in profit. No losses yet.

Have you considered the possibility of using normal candles for the entries and Heiken (or synergy) for the exits?
The present code uses normal candles for entry, and Synergy colour change (candle closed) for exit.

Using Slipshods <LibSSSRv2.mqh> library to prevent any trades being taken if market is say 50 pips from the nearest verified/tested support/resistance zone is a great idea. Can anyone code this for the ea ?

I do not allow my ea's to trade live 24/5. I would routinely review all the charts at NY close each day, and then decide if I should use the ea for a particular pair for the next day. Take today for instance, all my trend ea's are off the charts.

So, my ea's are actually semi-auto ea's. I have to be the brains for the ea's. Otherwise, it will never work.
Author:  fx800 [ Mon Sep 23, 2013 5:19 pm ]
Post subject:  Re: Master Zen
This is off topic.

Despite GREEN for buys using Bob's latest template, most yen pairs are retracing today.

If you use his STO7 indi and sell when price breaks the DP, you have a CT trade.

Someone in Bob's thread spotted this setup last night but did not take it because it is bed time for him. Over 100 pips drop.
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