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Re: $500 Prize: Let's program the Holy Grail MA together

#21
ionone wrote:
Mon Jul 26, 2021 5:41 pm
hey
I understand the first entry and exit (MACD cross above second level, then exit when MACD gets under signal line)
but the other reentries I quite don't get it. Could you explain more clearly ?
once I understand fully i'll make an indicator that backtests this strategy and gives profit and DD levels
thanks for sharing
Zero is the prime support and resistance level.
+5 and -5 being the second support and resistance level.
+8 and -8 being the third support and resistance level.
Entries are restricted to when the MACD has gone beyond two levels, +8 or -8, +5 or -5 and the level of zero
When one level is crossed a first ‘signal’ is created – there can be no entries unless two levels have been crossed:
For Example
Levels of +8 or -8 have been crossed followed by cross of +5 or -5 OR
Levels of +5 or -5 have been crossed followed by zero cross.
When two signals are received the entry is created with the stop being the value of the chart at the time the MACD has recrossed that level. Very LRT (Low Risk Trade).
If and when the MACD crosses zero or another level a further support or resistance is created and the stop is moved to that value.
I have updated the same chart (Dax 15m) to illustrate the next entry – a small loss if the stop can be accepted so close to the entry value. I have shown the entry (yellow line) which was the stop.
There MUST be a delay in entry until the accurate stop can be achieved.
Does this help?
TEAMTRADER
PS
JUST AS I WAS ABOUT TO SEND THIS POST I SAW ANOTHER BUY TRADE ENTRY CREATED ON THE DAX 15m AND HAVE ATTACHED A FURTHER ILLUSTRATION AS IT IS LIVE.
DE30sbM15 2.png
DE30sbM15 3.png


Re: $500 Prize: Let's program the Holy Grail MA together

#23
As for support and resistance, I think
Shved_supply_and_demand.mq4, shved_supply_and_demand_v1.4.mq5 are very good! But it is still not a holy grail.


When I use Shved_supply_and_demand.mq4, shved_supply_and_demand_v1.4.mq5, the settings are:

extern bool zone_show_weak = false;
extern bool zone_show_untested = false;
extern bool zone_show_turncoat = false;


In other words, apart from the following two sets of tips, I don't think other things have any guiding significance:

extern color color_support_verified

extern color color_support_proven

extern color color_resist_verified

extern color color_resist_proven

Re: $500 Prize: Let's program the Holy Grail MA together

#25
ionone wrote:
Mon Jul 26, 2021 5:41 pm
hey
I understand the first entry and exit (MACD cross above second level, then exit when MACD gets under signal line)
but the other reentries I quite don't get it. Could you explain more clearly ?
once I understand fully i'll make an indicator that backtests this strategy and gives profit and DD levels
thanks for sharing
ionone,
I have had a conversation with my trading pal in Oz and he has suggested that I look at higher timeframes for the EA - my specialist was in scalping the 1m chart daily so I will look at higher TF's with the MACD. Exactly the same principle but with different settings.
He thought that I should include Stochs (because it is in restricted zero - 100 levels - and therefore can be used for any timeframe without much amendment) and also CCI for accuracy but I think we should stick with MACD so we can assess how it performs.
TEAMTRADER


Re: $500 Prize: Let's program the Holy Grail MA together

#26
TEAMTRADER wrote:
Mon Jul 26, 2021 6:09 am
I can’t contribute as I am not a coder but here are my ideas for those who are the talented ones.
This is my contribution to your search for the Holy Grail.
My definition the Holy Grail is that any good template will not produce a loss over a week - and that is my target for an EA.
The indicator I have chosen initially is MACD.
The indicators I have posted are the standard indicators with my settings - and as they are my settings for a specific timeframe and chart I have renamed them for my own recognition – I am hoping this is not an offence?
The ‘underlay’ goes on first and the other is placed on top. Template for the Dow 15m attached - also you can check the outcome of the sell trade on the DAX (see illustration) as the same template fits the Dax.
THE MOST IMPORTANT ASPECT OF THIS POST is that these MACD levels create meaningful and often accurate S&R levels and regularly show divergence.
It seems to me that someone at forex-station can produce a very successful EA using chart and timeframe specific MACD levels – making a stop very accurate as the crossing of levels is a support/resistance and the histo value can be associated with the price at the time of the cross over the level.
If someone does make a chart specific EA (and I will help with the specific settings as they mainly are different) could it be agreed that 5% of the weekly profits be sent to the British heart Foundation?

I have pre-named the prospective EA ‘LRT’. It stands for Low Risk Trader’ – not the brilliant Singapore underground.
Plan of attack is as follows:
1. Chart choice – preferably indices but will adapt to FX.
2. Timeframe
3. I will give the coder the MACD settings and standard entry, exit and stop loss based on the illustration of entry and exit
4. It can be tried demo for one week and adapted if necessary and those who are involved should expect to make a profit every single week otherwise it is a failure.
5. It will never be put up for sale without the express agreement that 5% of weekly profits will be donated to the charity above

Indicators attached along with a specimen chart as an illustration as to how it works.

Any problems get back to me.
TEAMTRADER
ok
what about profitability ? is it profitable on the long run ?

Re: $500 Prize: Let's program the Holy Grail MA together

#27
hey

I found this strategy while messing around with a YT strategy which was recently released.
I actually changed the settings and made a better version of it
this is my official entry for the contest.

it is profitable on almost all 28 pairs (with small spread).

but i'm sure it is possible to find a better set file. So let's find it guyz !!
Play with the settings : the SL/TP factor and the MACD parameters!
I didn't fit the parameters so I'm sure we can find better settings !!

If I win, i'll release a free version under EX4 format for everyone to enjoy.
The actual version won't work live (well it will work but with a 20 bars delay and there is no alerts lol)
so let's party !!

a remark:
there is SL and TP, but how does the indicator know if the SL or the TP was hit first ? well because there is no way to tell with just the OHLC prices, the SL is
systematically hit first, then if the SL ins't hit in that bar, the exit is made through TP. That way it ensures that we don't artificially enhance the profits.
Of course real results can only be better from that.

edit : BTW it's on H1, didn't test on other TFs

CTK
Crown The King.ex4
(14.61 KiB) Downloaded 139 times
MACD_with_crossing.mq4
(3.45 KiB) Downloaded 122 times

Re: $500 Prize: Let's program the Holy Grail MA together

#28
I want to bring you to a completely different thought with this post.
STATISTIC
To be more precise statistics from PIVOT POINT
I keep a statistic from the last 100 days for trading with US30.
And so the results are:
The daily opening price was higher than PP on 57 days and the LOW of the daily candle was below the PP on 40 days. This means a hit rate of 70%

The daily opening price has been lower than PP on 43 days and the HIGH of the daily candle was above the PP on 37 days. This means a hit rate of 86%

If someone has taken a closer look at the charts of mine (thread of XARD), he will see the PP button on each chart.

There is only one problem, otherwise it would be too good to be true. Where do I put my SL???
If we can solve this problem together, then we would have The Holy Grahl.
Skyold

Screenshot (226).png
Be patient and wait for your chance

Re: $500 Prize: Let's program the Holy Grail MA together

#30
Skyold wrote:
Tue Jul 27, 2021 7:10 pm
I keep a statistic from the last 100 days for trading with US30.
Statistically speaking, just to understand what you are saying:

"The daily opening price was higher than PP on 57 days and the LOW of the daily candle was below the PP on 40 days. This means a hit rate of 70%"

opening above + quoted low: were both incidents happening on the same day?

"The daily opening price has been lower than PP on 43 days and the HIGH of the daily candle was above the PP on 37 days. This means a hit rate of 86%"

opening below+ quoted high: were both incidents happening on the same day?
As the sample size is 100, high or low could be on any day out of 100.
It doesn't say how significant the difference between opening vs High/Low was (i. e. whether there was a trade).

Even if the answer to my questions is yes, it could be random correlation (i. e. different on the next sample of 100 days). So you'd have to backtest a big sample.


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