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Post here new Ideas and Strategy Suggestions MPGO v5.x

#1 · 12/05/2024, 00:00

Here is a suggestion for a new strategy for automated trading the MPGO v5.

I´m using Stochastics to join a trend which is already etablished but not exhausted (important) – so trend following and not counter trending.

Basically I´m using the 50% Line of the Stochastics indicator, when Stochastic crosses this line to the upside the value in Clear Vision Indicator turns from negative to positive or vice versa. Means, whenever this happens that the last 2 hours must have close negative (below the 50% value) and the following hour must close positive, so above 50% value – than we go long on the currency.

This means we do not overextend the capabilities of overlapping because we are joining a trend when it starts to gain strength and keep out prit vs. drawdown ratio at a healthy value. Se files below and the video I uploaded regarding this strategy: https://youtu.be/uL2CASST2gM

Uploaded files:

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#2 · 12/05/2024, 15:53

I have a question regarding this.

0 = current not closed bar
1 = previous bar
2 = pre-previous
…go go on

if EA found at 3 and 2 bar back H1 that it closed <0% in our indicator and at 1 bar back it closed positive >0% – EA can entry at current bar – with this no problem. But how long it must keep the signal ? until what ? i mean EA in your strategy will keep this signal only one bar – if current bar will be closed we will not get again same conditions (3+2 )<0 (1)>0 because they will all shift by 1 bar

so where exit from such entry condition? and how we have to explain EA keep such signal if every new bar shifting always entry conditions

So how you need?
TIP : In TMA8 we looked at Last Crosses of 2 TMA and keep it until opposite cross at current bar

We can look at Current val of CV and if > 0 we search at History (x3+x2)<0 & (x1)>0 . And keep such signal until Current val will not cross 0 from high . But EA can always have signal and trade. and signal can be late. Also repaints problems. How you need ?

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#3 · 13/05/2024, 09:25

The Signal is only one time, next time when this happens the EA is allowed to average (if requirements in pipstep are met) or open a new position. theoretically long and short can be open at the same time if a buy signal arrived, did not reach LastTP and Sell signal is coming up a few bars later. The EA is only allowed to average when the next bus signal appears (obviosly if “NextLevelGridOrderSingal” is true, otherwise it is allowed to average if pipstep is fulfilled).

#4 · 13/05/2024, 09:25

Here is a example for a long trade:

0 = open long trade at this bar [0]

1 = Must show a positive value at bar close [1]

2 = Must show a negative value at bar close [2]

3 = Must show a negative value at bar close [3] [value] means MT4/5 code bar determination.

This basically means that the last 2 bars closed at a stochastic value below 50 (Clear Vision give negative values at these bar closes) and bar 1, the last closed bar Clear vision must show a positive Value (means Stochastic was above 50 at bar close), when next bar closes immediately open a trade at the index/currency pair.

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