User lines on chart as filter

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Let's discuss this idea.

Imagine you know the future (like Sai ;) and want to tell EA: "don't open BUYs under this level" or "open new BUYs only above this trend line".

How do you see it?

How it can be improved?

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Satisfaction mark by Andrey Khatimlianskyi 1 year ago

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Duplicates 1
Adding a filter with prices as input

The idea is to trade small range bound identities or whenever currency is moving in range bound zone.

Say for example, NGUSD, we will buy in grid/martingale as long as it is between 2 to 6. and sell between 6 to 10. And close the trades when reaches certain global profit. May be we need to be careful when the entity reaches the boundary and needs refinement/study further/SL.

Simply we can disable trades as desired based on the current price and enable martingale. But it does not help the backtest feature.

Hence calls for requirement of the filter with input as prices i.e. buy between a & b and sell between x & y.

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Forex Trader
Quote from Andrey Khatimlianskyi

I'm going to make it simple and universal.

Line name: uniq object name to work with

Work mode:

  • Buy above / Sell below
  • Buy on cross UP / Sell on cross DN

Distance: distance from the line to activate the filter.

For example, in Buy above mode, with Distance = 10 points, Buys will be allowed only if price >= line + 10 points. With Distance = -5, Buys will be allowed if price >= line - 5 points.

Distance calculation type: points / volatility

Reverse mode: reverse all signals (Buy below, Buy on cross DN).

Use closed bars only: analyze signals on bar close only.

TimeFrame for Use closed bars only mode.

Any suggestions?

wow great , thank you :)

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And to add 2 or 3 instances, of course.

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3

I'm going to make it simple and universal.

Line name: uniq object name to work with

Work mode:

  • Buy above / Sell below
  • Buy on cross UP / Sell on cross DN

Distance: distance from the line to activate the filter.

For example, in Buy above mode, with Distance = 10 points, Buys will be allowed only if price >= line + 10 points. With Distance = -5, Buys will be allowed if price >= line - 5 points.

Distance calculation type: points / volatility

Reverse mode: reverse all signals (Buy below, Buy on cross DN).

Use closed bars only: analyze signals on bar close only.

TimeFrame for Use closed bars only mode.

Any suggestions?

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1
Andrey Khatimlianskyi
  • Started
Quote from Forex Trader

i think it is better with lines, draw lines and make ea trading between these lines will be more convenient than prices.

You're right, ideas are very similar. I've merged the topics and started working on this filter.

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Forex Trader

i think it is better with lines, draw lines and make ea trading between these lines will be more convenient than prices.

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Forex Trader

cool idea

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Forex Trader
Quote from Andrey Khatimlianskyi

You can add this indy and these signals as new idea here

any update about these lines? thank you

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Christian Paramon

This should be very interesting,

and simple to configure.

Range grid, outside the grid then no deals, so it become semi automatic EA. 

Cool idea from my point of view

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1
Andrey Khatimlianskyi
Quote from dante tunica

In search of elements that give codable signals these indications could be better and clearer than the trend line. 1) I understand that your TDI does not take into account some important elements such as the break of 32 or 78. 2) The Auto-Fibo indicator creates interesting areas of support and resistance that could be exploited to avoid trades or enter openings countertrend.

AutoFibu button.mq4

TDI-RSI-Dz-VHF_Adaptive_Alerts.ex4

Image 769

You can add this indy and these signals as new idea here

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3
dante tunica

In search of elements that give codable signals these indications could be better and clearer than the trend line. 1) I understand that your TDI does not take into account some important elements such as the break of 32 or 78. 2) The Auto-Fibo indicator creates interesting areas of support and resistance that could be exploited to avoid trades or enter openings countertrend.

AutoFibu button.mq4

TDI-RSI-Dz-VHF_Adaptive_Alerts.ex4

Image 769