Thread: DYNAMIC Breakout Expert Advisor

Hi there, I believe that you will find of interest an expert advisor called the FXigorDynBOsystem that can be loed http://www..com/fx-mirror/trading_me...ynBO/ea-files/, I renamged that the EA by including the DynBO as there are just three FXiGOR systems that seem to have discussions going at a certain stage. The Pro was originaly published by project1972 http://www.forex-tsd.com/59063-post184.html after adding MM and Magic Number capability to the first. The first two days of my use on this netted 112 and 146 as noted below.

The EA is based on the http://www.forex-tsd.com/suggestions...age-range.html by seasoned pro-trader iGOR who has some intriguing outside-the-box trading thoughts I have found refreshing over the last year.

The concept is to look at the last 1, 5, 10, and 20 days daily range and also to take transactions from the direction of the breakout once they exceed half this DAR (http://www.forex-tsd.com/56174-post105.html). After price exceeds this level a market order is generated and a stop of 50 DAR is in effect.

The first Manually traded platform calls for letting the open transactions operate their course and closing out any orders profits-or-not about 17 or 18 Central European Time and indies that long term testing should be taken as there'll be times of drawdown.

What I'm experimenting with is the concept of opening/turning on the EA when London Opens and then coming back to the PC until US opens, reevaluating any open transactions that the EA initiated, checking the news here innigeriaforextradingCalendar and based on the potential impact of any US news I may close out transactions before the news hour. If there are no major news announcements I can allow the EA operate and close out the trades.

I would be interested in feedback from other people, as this surely appears logical as it is predied on Statistical Averages and not Moving Averages ; ) For any who wish to follow, I will upload on a daily basis my http://www..com/fx-mirror/trading_me...BO/statements/. The transactions of Friday closed out in 112 pips within an older demo account. I have established a new one now which closed out in the US open with 146 pips profit after disperse, taking 6 transactions ( 83, 35, 28, 17, -8, -9).

What say ye?? Anyone care to join in testing this idea and see if there are some EA manament thoughts we can develop to bring in some profits? (I'm thinking things like trend indiors to assist determin if we flip on a particular currency's EA, etc.. .)

For future reference, I will update/upload any new variants of the Expert or appropriate info in http://www..com/fx-mirror/trading_methods/FXiGOR-DynBO/.

Cheers,
Thom

Originally Posted by ;

Hi there, I think you may find of interest a expert advisor called the http://www.accrete.com/fx-mirror/tra...ystem1-1ea.mq4, I renamged the EA by adding the DynBO since there are three FXiGOR systems that seem to have talks going at a certain point. The Expert was originaly published by project1972 http://www.forex-tsd.com/59063-post184.html after adding MM and Magic Number capacity into the first.

The EA relies on the http://www.forex-tsd.com/suggestions...age-range.html by seasoned pro-trader iGOR who has some intriguing outside-the-box trading ideas I've discovered refreshing over the previous year.

The idea is to look at the last 1, 5, 10, and 20 days daily range and to take trades at the direction of the breakout once they transcend half this DAR (http://www.forex-tsd.com/56174-post105.html). Once price exceeds this level a market order is generated and a trailing stop of 50 DAR is in effect.

The first Manually traded platform calls for letting the open transactions run their course and closing out any orders profits-or-not about 17 or 18 Central European Time and indies that long-term testing should be taken as there will be times of drawdown.

What I am experimenting with is the idea of opening/turning about the EA when London Opens and then coming back into the PC until US opens, reevaluating any open transactions the EA initiated, checking the news here innigeriaforextradingCalendar and depending on the potential effect of any US news I may close out transactions prior to the news hour. If there aren't any major news statements I can let the EA run and shut out the transactions in a time such as London close.

I would be interested in feedback from others, as this certainly looks logical as it's based on Statistical Averages rather than Moving Averages ; ) For any who wish to follow, I'll upload a daily basis my http://www.accrete.com/fx-mirror/tra...BO/statements/. Friday's transactions closed out in 112 pips in an old demo account. I've created a new one today which shut out in the US open with 146 pips profit after spread, taking 6 transactions ( 83, 35, 28, 17, -8, -9).

What say ye?? Anyone care to join in, forward testing this idea and see whether there are some EA ideas we can develop to bring in some consistent profits? (I am thinking things like fashion indiors to help determin if we turn on a specific currency's EA, etc.. .)

For future reference, I'll update/upload any new versions of the Expert or appropriate information in http://www.accrete.com/fx-mirror/tra.../FXiGOR-DynBO/.

Cheers,
Thom

I'd like to give it a try!
Where/how can I download this EA?

Hi Rick, it is in the folder I said in the first article http://www..com/fx-mirror/trading_me...ynBO/ea-files/. The ea is in this folder. I will set any upgraded versions in that folder and they will be numericaly higher than the currenct 1-1 version.

Just place it in your expert folder and then compile it, then place it on anything currency you would like to demo-test it on... I'm currently testing the following:

Gbp/Usd, Gbp/Jpy, Eur/Usd, Eur/Jpy, Usd/Chf, Usd/Jpy

Click the Allow Experts button on the tradestation if you desire the EA to begin the mathematics and search for entries. As stated I'm doing two evaluations, one turning the EA on at the Asian open, and yet another test at the London Open, then watching the transactions on the L.O. version before the US open and closing those that are in profit and makes sense to do so.

Cheers,
Thom

Hi there, had a PM asking if there were a few settings in use. This is basicaly what I sent as a response:

I have the lots set to 1 micro lot ( 0.01 ), since I'm more interested right now in pips gained in demonion compared to dollars gained. MM (Money Management) I have defaulted to false, meaning that the lots setting is what will be traded rather than a mathmatical percentage of the account determined by risk. Another setting that might need to be altered is your setting that is hourtoclose. It's defaulted to iGOR GMT17 near, but as stated I'm seeing the news calendar and could be shutting out the trades that feel could be effected with any US news release before that launch. Though I have a mt4 Close and to compare.

One factor that is apparently apparent early on is that engaging the EA in the Asian market can be hit or miss profits, right now I've got 5 EA initiated trades available from -36 pips through 18 with a web of -14pips.

Ask away, however I'm only maybe two weeks of trading this ahead of anybody here, but I'm planning to check it for a while before making a conclusion.

Cheers,
Thom

Thom..

How about a trailing stop feature...


Glenn

Merely to allow you to know, the number is hardcoded so if you try it on many pairs or timeframes you are going to have problems.

Only had it running for a few hours. .

So far::

Gbp/Usd... 13

Usd/Jpy... 2

Gbp/Jpy... 24.

Eur/Usd nevertheless in exchange...

Glenn

Hi Glenn, here are my Asian-Open test transactions at this posting:

these first four opened inside a minute or so after I flipped the EA on at 6pm Eastern tonight:

G/J 23
U/J 11
U/C 6
G/U 0
E/J -18

I will open the secont MT4 setup in an hour or so which equates to London Open, though with all the UK news a 1.5 hours in the London trade-day I don't understand how matters will fair.

If we have sufficient motion, you will understand a given trade's tracking stop kick in and course by 50 percent of the DAR. I have yet to see that a stop/reverse take place. Basicaly what would occur from what I know is the following:

Open price at 1.3000, DAR = 50 Price goes to 1.3050 and Long is entered. Price goes around 1.3080 then reverses. Stopped out at 1.3030 due to reversing 50 percent of DAR... price travels down to 1.2980. . .each move south of this would be trailed by 50 pips (which in our case can also be 50 percent of DAR)

Hope I have got that right, I read all the articles at the original site and have attempted to devour it with my mind engaged.

: ) Thom

Originally Posted by ;

just to let you know, the magical number is hardcoded so in the event that you try it on several pairs or timeframes you're likely to get problems.

Thank you aicccia, Would you clarify why this could be an issue? I need all transactions to shut out at the exact same moment. . .so correlation w/the M.N. in this instance is a great thing. . .correct? So far it is doing so flawlessly.

Additionally, since we're about this issue of the code, does one know how to quickly incorporate a begin time from the EA such as Firebird has? Then we could put it to the chart and have it open at 07:00GMT or anything ... because it currently has the time in the code.

: ) Thom

Originally Posted by ;

Thom..

How about a trailing stop feature...


Glenn

Hi Glenn, just watched this other article of yours. . .see my post prior to this... there is a trailing stop equivalent to 50% Daily Average Range. It apparently acts as a stop/reverse. Though as explained I have not had.

Oh, now another attribute proposal and maybe this is much more about what you had in your mind. While we do not wish to lower our profits short, I wouldn't wish to see a winner turn into a loser. I am thinking that maybe at something like DAR we proceed to BEsomething or 1? Then route together with the 50% that are original DAR?? I don't know, but my loss I had from the Asian Open account was once I needed a G/J go into profits 40ish?? Then turn and tank If I had been trading this manually might have gotten out at the least at BE. (That could have been my plan).

: ) Thom