SketchBook - Sharing ideas on trading systems

[phexom]

[jejeKAKA]

showthread.php?p=9413953#post9413953 Disliked quote Did you know the code you submitted is DECOMPILED CODE belonging to http://www.pointzero-trading.com/Products? [does that I'm not a coder. . I downloaded the indior here oncliqforexon something Interesting You Can Post Here ribbon...I thought it had been source code since it'd .mq4 at the front..but if you dont mind me asking why are you asking me if I know the code I submitted is decompiled and what's that got to do with my article here.Please clarify because I dont Ignored...

Decompiled is source code generated from decompiling an executable file (EX4).
Occasionally, it's a form of theft of intellectual property.
I asked because I do not know whether you knew it had been decompiled code.

[jejeKAKA]

My trade Thoughts.

[phexom]

This indior is based on breakouts and congestion zones of varying lengths, the indior uses only price action to select trades and responds to the market exceptionally quickly. Its decreasing ratio is around 90% based on this author..It detects reversals in a zig-zag manner, without repainting or backpainting.The indior depends upon varying length breakouts and congestion zones on donchian peaks or bottoms.The indior examines its quality and performance.Losing signals are highlighted and accounted.But it doesnt include stop loss and take profit...

Hello Forexpinbar and All,

Placing the de-compilation issue aside for a moment,
I shot a peek at the chart you submitted, and applied the indior to few charts.
The gained pips displayed on the chart is deceiving, because there's now way to find those pips,

This is the chart you submitted, with potential entry/exit on opposite signal situation:



The exhibited (supposed /max ) gained pips are actually known only after an opposite signal is confirmed, but if we wait for until opposite signal is exhibited we'ld shed the majority of the supposed gained pips and in many cases end in negative pips.

You may suggest using Fixed TP, but what that could be? A 1:1 RR, again the majority of the signals don't reach 1:1 RR, I've checked many charts.
You might also suggest a Trailing Stop, but again the yields would be mush less if ended in profit in any way.

Best Regards,
Khalil

[jgaleras]

quote Hi and All, Placing the de-compilation issue aside for a moment, I took a peek at the chart you submitted, and also applied the indior to few charts. The gained pips displayed on the chart is deceiving, since there's now way to find those pips, This is the chart you submitted, with potential entry/exit on opposite signal situation: DISPLAY.png;2140112 The exhibited (assumed /maximum ) gained pips are actually known just after an opposite signal is verified, but when we wait for until opposite signal is exhibited we'ld shed the majority of those...

Thanks for your concern and response..You are right about profit eating away when opposite signal appears..That is your challenge relating to this indior..But using a suitable stop loss and take profit this indior can be profitable..Like for instance, using the Average Signal on indior dashbaord that's the average pips per signal as take profit will arrive in handy.As for stop loss I havent thought of anything concrete yet since I'm still tweaking for optimal stop loss and its very tiresome doing it manually. . .Note that one may change the MinRange, MaxRange and HighLowFilter in indior input can be tweaked for pips, that will mean few signals on chart. . .Honestly, the reason I was interested in the indior at the first place is because I thought we can capitalize on the win rate of this indior and hopefully create a profitable system. .

[jgaleras]

quote Hi and , Putting the de-compilation issue aside for a moment, I took a look at the chart you posted, and applied the indior to couple of charts. The gained pips shown on the chart is misleading, since there's now way to get those pips, This is the chart you posted, with possible entry/exit on opposite sign situation: DISPLAY.png;2140112 The exhibited (supposed /max ) gained pips are in reality known only following an opposite sign is confirmed, but if we wait for till opposite sign is exhibited we'ld lose most of those...

I asked a buddy coder to make EA for indior and he did so I analyzed EA on Friday with different stop loss and take profit and results werent that bad.

[Leoxaal]

quote I asked a buddy coder to create EA to get indior and he'd so I tested EA on Friday with different stop loss and take profit and results werent that bad. image image image image

Which indior are you talking about?

[jgaleras]

quote Which indior are you talking about?

That you go.
https://www.cliqforex.com/attachment...3557165349.mq4

[Leoxaal]

quote There you go. file

Thank u very much....will test it together with my frame....

[jgaleras]

quote Thank u very much....will test it with my framework... picture

Can you share your framework with us and how to utilize?