My MQL4 Journal
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I've watched some of René's MQL5 videos - very good, dry but thorough. Just be aware that Parts 5, 6, 7 & 8 above are for MQL5, not MQL4. He does both.
Thanks for the heads up.
If and when I do create an automated version of my system, I am very likely to use some of the same parameters I have used for these indicators, or at least ones that are relatively similar. (This is an improvement on the indicators used in the previous post.)
The arrows mark potential position entry levels and the crosses mark potential exit levels.
Tonight I've started trading based on the above signals. If these trades turn out to have a high enough daily success rate, like 85% or better, I'll go ahead and pay for full access to EABuilder to see if their service can really translate these indicators into a working expert advisor.
If so, I'll run some back tests to see what kind of results I get. If the EA works and the results are good, I may actually drop the code into my live charts so I no longer have to miss out on opportunities that take place during the London session, or stay awake half the night waiting for my open trades to play out completely/fully develop.
Tonight I went back to EABuilder to follow up on this task from late this afternoon...
This yielded three different ideas, but one was definitely superior to the other two...
I didn't include any exits, but it's almost like one could simply exit one position when signaled to enter the next. I DO have an idea for how to calculate where to pocket gains, but it will have to wait until tomorrow. Based on the way things look here, I believe it's likely that most of the exits will occur just prior to the above plotted entries.
This yielded three different ideas, but one was definitely superior to the other two...
I didn't include any exits, but it's almost like one could simply exit one position when signaled to enter the next. I DO have an idea for how to calculate where to pocket gains, but it will have to wait until tomorrow. Based on the way things look here, I believe it's likely that most of the exits will occur just prior to the above plotted entries.
There is little question in my mind but that the indicators pictured below come as close as I can get them to executing my Numerical Price Prediction (NPP) Forex day trading system as I conceptualized it during its development.
The smaller red and green arrows are the signals from last night, generated via standard indicators. The larger maroon and dark green arrows are signals generated from proprietary indicators I coded myself in the not too distant past.
The black check marks are the exit signals for long positions, and were generated using standard indicators. The brown crosses are the exit signals for short positions.
However, there is a better than 50/50 chance I will change the position open signals to simply trigger on the next bar following a position close. I think that this would more than likely result in even better entry levels. However, I will need some type of appropriate stop loss for when this leads to premature entries, as occurred in the locations marked by the letters A, B, and C.
Nonetheless, given that I am generally pleased with what I am seeing here, it was my desire to assess whether EABuilder could really handle the mechanics of carrying out the corresponding trades. I am totally satisfied with my methodology as it now stands, so if I can automate my approach sooner rather than later, I'm willing to pay for full access so I don't have to wait until I've learned how to code expert advisors all on my own.
And based on the following video, if I make money everyday next week trading these signals manually, I'll be willing to hand over the $97 EABuilder wants for a lifetime upgrade. Then if the back test goes well, I'll try out the EA in my Hugo's Way demo account. And if that goes well, I'll go ahead and use the advisor for real in my OANDA and Forex.com live accounts.
The smaller red and green arrows are the signals from last night, generated via standard indicators. The larger maroon and dark green arrows are signals generated from proprietary indicators I coded myself in the not too distant past.
The black check marks are the exit signals for long positions, and were generated using standard indicators. The brown crosses are the exit signals for short positions.
However, there is a better than 50/50 chance I will change the position open signals to simply trigger on the next bar following a position close. I think that this would more than likely result in even better entry levels. However, I will need some type of appropriate stop loss for when this leads to premature entries, as occurred in the locations marked by the letters A, B, and C.
Nonetheless, given that I am generally pleased with what I am seeing here, it was my desire to assess whether EABuilder could really handle the mechanics of carrying out the corresponding trades. I am totally satisfied with my methodology as it now stands, so if I can automate my approach sooner rather than later, I'm willing to pay for full access so I don't have to wait until I've learned how to code expert advisors all on my own.
And based on the following video, if I make money everyday next week trading these signals manually, I'll be willing to hand over the $97 EABuilder wants for a lifetime upgrade. Then if the back test goes well, I'll try out the EA in my Hugo's Way demo account. And if that goes well, I'll go ahead and use the advisor for real in my OANDA and Forex.com live accounts.
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