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Baluda Slope Strength auto-trader
https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=603		 Page 23 of 27
Author:  Radar [ Mon Aug 13, 2012 2:29 am ]
Post subject:  Re: Baluda Slope Strength auto-trader
Hi Spyderman,
spyderman wrote:
faze wrote:I haven't messed with the threshold setting yet, but if you enable it, wouldn't it wait to cross said threshold before jumping right into another trade after mptm closes your basket?

I don't believe baluda works that way in the diff setting. I believe on "level" it has to "retrace" back down and then renter the zone. But on diff it will take orders as long as the price difference is greater than the diff open.

I have Baluda set to run on the Diff setting, with threshold on, and it does seem to wait for tma to retrace before sending more trades for that currency. CAD is at 0.4 and waiting, and EUR is at -0.63 and waiting.

Have fun!

Radar =8^)
Author:  glabbeek [ Tue Sep 04, 2012 2:22 pm ]
Post subject:  Re: Baluda Slope Strength auto-trader
is it correct that the EA only enters a trader a new bar starts? So it D1 mode only once a day.

Regards,
Willem-Bram
Author:  Baluda [ Tue Sep 04, 2012 9:00 pm ]
Post subject:  Re: Baluda Slope Strength auto-trader
glabbeek wrote:is it correct that the EA only enters a trader a new bar starts? So it D1 mode only once a day.
WB,

No, Baluda EA opens a trade when the conditions set are met.

Paul

PS. Welkom op dit forum.
Author:  michaelhryu [ Wed Sep 05, 2012 2:57 am ]
Post subject:  Re: Baluda Slope Strength auto-trader
Baluda wrote:
glabbeek wrote:is it correct that the EA only enters a trader a new bar starts? So it D1 mode only once a day.
WB,

No, Baluda EA opens a trade when the conditions set are met.

Paul

PS. Welkom op dit forum.
Any plan for a new version or update, please?
Author:  Baluda [ Fri Sep 07, 2012 9:52 am ]
Post subject:  Re: Baluda Slope Strength auto-trader
New version Baluda, v1e, in post 1.
Changes are:
  • Introduced symbol treshold. When used this waits to trade symbols until their slope falls below/over the slope after initialization.
  • Introduced lot sizing. Set 'AccountRiskUnit´ to a non zero value to use that value as a percentage that is weighed with the symbols ATR to calculate the lot size.
Enjoy!

I have NOT tested this, use on demo to see for yourself.

Paul
Author:  gaheitman [ Fri Sep 07, 2012 10:13 am ]
Post subject:  Re: Baluda Slope Strength auto-trader
Baluda wrote:New version Baluda, v1e, in post 1.
Changes are:
  • Introduced symbol treshold. When used this waits to trade symbols until their slope falls below/over the slope after initialization.
  • Introduced lot sizing. Set 'AccountRiskUnit´ to a non zero value to use that value as a percentage that is weighed with the symbols ATR to calculate the lot size.
Enjoy!

I have NOT tested this, use on demo to see for yourself.

Paul
Paul,

I'm curious about this new bit of code you added:

Code: Select all

	double atrForCalculation = 0;
	for (int i = 0; i < 7; i++)
	{
      atrForCalculation = iATR(symbol, PERIOD_D1, 4, i);
      if (atrForCalculation != 0) break;
	}
I believe ATR includes the current bar in it's calculation, so at the beginning of the day your ATR is going to be a good bit smaller (mathmatically speaking, of course :) ) than it will be at the end of the day. Also, Sunday candles have the same effect, especially with a 4 period ATR. I'd recommend using ADR starting with the previous daily bar and skipping Sunday bars.

I was also wondering why you have the loop trying up to 7 times to get an ATR.

Finally, what do I have to do to get an EA named after me? :lol:

George
Author:  Baluda [ Fri Sep 07, 2012 10:40 am ]
Post subject:  Re: Baluda Slope Strength auto-trader
gaheitman wrote:I believe ATR includes the current bar in it's calculation, so at the beginning of the day your ATR is going to be a good bit smaller (mathmatically speaking, of course :) ) than it will be at the end of the day. Also, Sunday candles have the same effect, especially with a 4 period ATR. I'd recommend using ADR starting with the previous daily bar and skipping Sunday bars.

I was also wondering why you have the loop trying up to 7 times to get an ATR.

Finally, what do I have to do to get an EA named after me? :lol:
George,

I have been using this code snippet for some years(!) now. It does the job every time. For me it is something that works the way I expect it to.

'Baluda' was given its name by Steve. At some point I took over development and maintenance.

(Just my bad luck :| :? ;) :P )

Paul
Author:  glabbeek [ Mon Sep 10, 2012 2:16 pm ]
Post subject:  Re: Baluda Slope Strength auto-trader
I really believe in the approach that Baluda started.

The correlation between the currencies and the out of synchronization of them, is a good starting point to enter the market.

I've been thinking a lot about the pitfalls of the current approach and one that bothers me is that I'm not convinced that the current SlopeStrength calculation is correct. With this I don't mean the math that is used in the indicator and EA.

Image

In the picture above you can see the 8 base currencies that I use. As you would expect most of them have 7 currency pairs below them, but in my case CAD,CHF and NZD only have 5,6 and 5 pairs.

I convinced that you can only claim the correct individual currency SlopeStrength's if you have all the correct pairs.

Any thoughts on this?

Regards,
Willem-Bram
Author:  bushiden [ Tue Sep 11, 2012 11:03 am ]
Post subject:  Re: Baluda Slope Strength auto-trader
Is it just me or anyone else experience the earlier problem? The EA open multiple trade only to close it after a few seconds. Im using v1e. Hope I did something wrong here.
Author:  glabbeek [ Tue Sep 11, 2012 2:05 pm ]
Post subject:  Re: Baluda Slope Strength auto-trader
Just started using V1e this morning and no abnormalities.

Entering postions as expected.

Trading style: trade by difference.
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