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Fake-Out IndicatorThe signal comes from the "RailRoad" candlestick pattern breaking a support/resistance level, which typically indicates price will respect that level. How consistent is the pattern? Hard to say considering candlestick patterns vary wildly by % change between different securities. I didn't implement any kind of "fuzzy logic" for this strategy, though it would benefit greatly from it. There are many instances where a fixed% simply doesn't catch a winning trade from a "bounce" off a S/R level.
Pine Script™ indicator
by DasanC
10
Adaptive Zero Lag EMA [STUDY]A user has asked for the Study/Indicator version of this Strategy . If you encounter the error "loop....>100ms" simply toggle the eye icon to hide and unhide the indicator The following is simply quoted from my previous post for your convenience: (obviously there won't be risk, Stop Loss, or Take profit parameters!) OPERATING PRINCIPLE The strategy is based on Ehlers idea that any indicator can be turned into a signal-producing trade system through smoothing and other filtering processes. In fact, I'm using his Zero Lag EMA ( ZLEMA ) as a baseline indicator as well as some code snippets he has made public (1). God bless open source! Next, I've provided the option to use an Instantaneous Frequency Measurement (IFM) method, which will adaptively choose the best period for the ZLEMA (2) I've written other studies that use the differential calculus approximations for IFM, so it was only natural to include them in this strategy. The primary two are Cosine IFM (3) and In-phase Quadrature IFM (4). You can also find an indicator with both plotted and the ability to average them together, as one IFM prefers long periods and the other short. (5) BEFORE WE BEGIN 1. This strategy only runs on "normal" FX pairs ( EURUSD , GBPJPY , AUDUSD ...) and will fail on Metals or Commodities. Cryptos are largely untested. 2. Please run it on these time frames: M15 to D. Anything outside this range will likely fail. HOW TO USE AND SUCCEED 1. If the Default settings don't produce good results right off the bat, then lower gain limit to 1 or 2 and threshold to 0.01. 2. Test each setting under adaptive method. If you want to leave it Off, then I'd recommend using some kind of IFM (see my links below) to discover the most efficient period to use. 3. Once you have the best adaptive method chosen, begin incrementing gain limit until you find a nice balance between profit factor ( PF ) and drawdown. 4. Now, begin incrementing threshold. The goal is to have PF above 2 and a drawdown as low as possible. 5. Finally, change the source! Typically, close is the best option, but I have run into cases where high yielded the highest returns and win rate. 6. Sit back, relax, and tweak the risk until you're happy with the return and drawdown amounts. ADVANCED You may need to adjust take profit (TP) points and stop loss (SL) points to create the best entry possible. Don't be greedy! You'll likely have poor results if the TP is set to 300 and SL is 50. If you are trading a pair that has a long Dominant Cycle Period, then you may increase Max Period to allow the IFM to accept longer periods. Any period above the Max Period will be rejected. This may increase lag time! Cheers and good luck trading! -DasanC (1)www.mesasoftware.com (2)www.jamesgoulding.com (3) Cosine IFM (4) I-Q IFM (5) Averaging IFM IFM stands for Instantaneous frequency measurement
Pine Script™ indicator
by DasanC
3
Adaptive Zero Lag EMA v2This is my most successful strategy to date! Please enjoy and join the Open Source movement by sharing your code and ideas online! OPERATING PRINCIPLE The strategy is based on Ehlers idea that any indicator can be turned into a signal-producing trade system through smoothing and other filtering processes. In fact, I'm using his Zero Lag EMA (ZLEMA) as a baseline indicator as well as some code snippets he has made public (1). God bless open source! Next, I've provided the option to use an Instantaneous Frequency Measurement (IFM) method, which will adaptively choose the best period for the ZLEMA (2) I've written other studies that use the differential calculus approximations for IFM, so it was only natural to include them in this strategy. The primary two are Cosine IFM (3) and In-phase Quadrature IFM (4). You can also find an indicator with both plotted and the ability to average them together, as one IFM prefers long periods and the other short. (5) BEFORE WE BEGIN 1. This strategy only runs on "normal" FX pairs (EURUSD, GBPJPY, AUDUSD ...) and will fail on Metals or Commodities. Cryptos are largely untested. 2. Please run it on these time frames: M15 to D. Anything outside this range will likely fail. HOW TO USE AND SUCCEED 1. If the Default settings don't produce good results right off the bat, then lower gain limit to 1 or 2 and threshold to 0.01. 2. Test each setting under adaptive method . If you want to leave it Off , then I'd recommend using some kind of IFM (see my links below) to discover the most efficient period to use. 3. Once you have the best adaptive method chosen, begin incrementing gain limit until you find a nice balance between profit factor (PF) and drawdown. 4. Now, begin incrementing threshold . The goal is to have PF above 2 and a drawdown as low as possible. 5. Finally, change the source ! Typically, close is the best option, but I have run into cases where high yielded the highest returns and win rate. 6. Sit back, relax, and tweak the risk until you're happy with the return and drawdown amounts. ADVANCED You may need to adjust take profit (TP) points and stop loss (SL) points to create the best entry possible. Don't be greedy! You'll likely have poor results if the TP is set to 300 and SL is 50. If you are trading a pair that has a long Dominant Cycle Period , then you may increase Max Period to allow the IFM to accept longer periods. Any period above the Max Period will be rejected. This may increase lag time! Cheers and good luck trading! -DasanC PS - This code doesn't repaint or have future-leak, which was present in Pinescript v2. PPS - Believe me! These returns are typical! Sometimes you must push aside the "if it's too good to be true..." mindset that society has ingrained in you. Do you really believe the most successful pass up opportunities before investigating them? ;) (1) Ehlers & Ric Zero Lag EMA (2) Measuring Cycles by Ehlers (3) Cosine IFM (4) Inphase Quadrature IFM (5) Averaging IFM
Pine Script™ strategy
by DasanC
31
Adaptive Bandpass Filter [Ehlers]This is my latest bandpass filter - used to determine if a security is in a trend or cycle. Now with an adaptive period setting! I use Ehlers in-phase & quadrature dominant cycle measurement (IQ IFM) method to set the period dynamically. This method favors longer periods which tend to produce smoother, albeit laggier bandpass oscillator plots. From my quick tests, I tend to have lag between 4 and 8 bars, depending on the Timeframe. The lower timeframes tend to have more noise and thus produce more interfering frequencies that may cause lag. >Settings Source: Select the data source to perform calc's on (close, open, etc...) Period: Select the period to tune. Periods outside of this value will be attenuated (reduced) Adaptive: Enable to have the I-Q IFM set the period for you (disables Period setting) Bandpass Tolerance: Allow periods that are plus/minus the chosen period to pass. Cycle Tolerance: Sensitivity of cycle mode. Lower values consider trends more frequent, higher values consider cycles more frequent. Bandpass tolerance example: for instance, if this setting is 0.1 (10%) and Period is set to 20, then waves with a period of 18 - 22 will pass. >How to read Red line is the bandpass output, showing a lagged version of the dominant cycle representing the Black lines are the upper and lower bounds for a cycle Green Background indicates an uptrend Red background indicates a downtrend
Pine Script™ indicator
by DasanC
2
Adaptive Zero Lag EMA Strategy [Ehlers + Ric]Behold! A strategy that makes use of Ehlers research into the field of signal processing and wins so consistently, on multiple time frames AND on multiple currency pairs. The Adaptive Zero Lag EMA (AZLEMA) is based on an informative report by Ehlers and Ric . I've modified it by using Cosine IFM, a method by Ehlers on determining the dominant cycle period without using fast-Fourier transforms Instead, we use some basic differential equations that are simplified to approximate the cycle period over a 100 bar sample size. The settings for this strategy allow you to scalp or swing trade! High versatility! Since this strategy is frequency based, you can run it on any timeframe (M1 is untested) and even have the option of using adaptive settings for a best-fit. >Settings Source : Choose the value for calculations (close, open, high + low / 2, etc...) Period : Choose the dominant cycle for the ZLEMA (typically under 100) Adaptive? : Allow the strategy to continuously update the Period for you (disables Period setting) Gain Limit : Higher = faster response. Lower = smoother response. See for more information. Threshold : Provides a bit more control over entering a trade. Lower = less selective. Higher = More selective. (range from 0 to 1) SL Points : Stop Poss level in points (10 points = 1 pip) TP Points : Take Profit level in points Risk : Percent of current balance to risk on each trade (0.01 = 1%) www.mesasoftware.com www.jamesgoulding.com(Measuring%20Cycles).doc
Pine Script™ strategy
by DasanC
5
[New series!] [Consistent Losing Strategies] 34 EMA Scalping//---------------------------INTRO------------------------------ Hi All! Let me introduce myself as a semi-successful forex trader & lover of automation. I've taken to algo trading and have been hunting down strategies (that usually use indicators) to automate, backtest, and hopefully implement in MT4. Unfortunately, most strategies are complete bulls*** and the select cases that are shown to "prove" success are limited. These strategy sources often do not provide useful analytics either. I want to change that approach to trading! We can really benefit each other and the community by being methodical about backtesting as well as evaluating our results with some kind of scoring heuristic. As for what that standardized process looks like..well I'm still working on it. I'm pretty much on Tv for multiple hours of the day, screening strategies via Pinescript and I'd like to start sharing my progress! This is a new series I'd like to start on consistently losing strategies. I'll make all the code public, so if you think I've made a blunder or approached a problem the wrong way, then drop me a DM or paste your fix into the comments. //---------------------------STRAT------------------------------ 34 EMA Scalping strategy (ref. forextradingstrategies4u ) How you're supposed to trade it: BUY: 1. Market is in an down trend as shown by the 34 EMA 2. Price breaks above a downwards trend line 3. Price breaks above the 34 EMA 4. Look for a very bullish candlestick or chart pattern SELL: 1. Look for the 34 EMA to show we are in an uptrend 2. Price breaks below an upwards sloping trend line 3. Price breaks below 34 EMA 4. Look for a bearish candlestick or a chart pattern //---------------------------CONC------------------------------ Q: Why does it fail? A: I believe this strategy relies too much on subjective input (aka, trendlines). Q: Why does it fail as an algo? A: The 34 EMA is no more predictive than any other EMA, although it does a good job at filtering out noise. Q: Should I try it out? A: No, it's trash. This is the proof that it is trash.
Pine Script™ strategy
by DasanC
3
Colored Volume Bars All Markets: Combining Volume SourcesUsing volume in Forex is potentially misleading as we are only provided the broker volume or futures exchange volume for the currency or commodity in a decentralised market. This code combines the volumes from FXCM, Onanda and futures for the instrument being studied. The combination of the volumes could improve the reliability of the volume being considered. Using this approach other volume indicators can also be improved.
Pine Script™ indicator
by SteynTrade
5
PpSignal Chandelier StopThere are few indicators for MT4 which draw trailing stop line. I prefer to use Chandelier Stops. I believe that with good money management this is one of the best tools to follow a trend. About ATR trailing stop loss (Chandelier Stops) When you catch trend you can profit from most of the move. The good thing about ATR is that you have a stop loss level in place. When there is a close on the other side of ATR, it is a signal to close. No second guessing. Best time frame for ATR trailing stop loss I strongly recommend time frames such as 30m or larger. On lower time frames like 5m there is too much algo trading. I trade with ATR on 1h or 4h charts. Parameters for trailing stop Depends on pair or instrument. In most cases standard parameters will be fine. If I change anything then it is usually a Kv parameter. Standard is 3.5 and I tend to make it bigger like 3.7 or 4.0. In most cases it is around 3.7. ATR trailing stop loss (Chandelier Exit) – Metatrader download January 1, 2018 by simon in forex indicators In this section you can download ATR trailing stop loss (Chandelier Exit) for MetaTrader: – download ATR trailing stop loss (Chandelier Exit) for MetaTrader 4 – There are few indicators for MT4 which draw trailing stop line. I prefer to use Chandelier Stops. I believe that with good money management this is one of the best tools to follow a trend. About ATR trailing stop loss (Chandelier Stops) When you catch trend you can profit from most of the move. The good thing about ATR is that you have a stop loss level in place. When there is a close on the other side of ATR, it is a signal to close. No second guessing. Over 300 pips in profit thanks to ATR stop Over 300 pips in profit thanks to ATR stop Best time frame for ATR trailing stop loss I strongly recommend time frames such as 30m or larger. On lower time frames like 5m there is too much algo trading. I trade with ATR on 1h or 4h charts. Parameters for trailing stop Depends on pair or instrument. In most cases standard parameters will be fine. If I change anything then it is usually a Kv parameter. Standard is 3.5 and I tend to make it bigger like 3.7 or 4.0. In most cases it is around 3.7. Remember, it depends from pair and current situation in the market. You should experiment with few settings and check it on historical price action if they are ok. Best pairs to trade with ATR trailing stop loss Trailing stop loss works best in trending markets. That is why you should check pair if it tends to move strong or to move in range. It is not the secret that yen pairs line to move strongly. If you are looking for solid trends, you can’t go wrong with GBPJPY or EURJPY.
Pine Script™ indicator
by PpSignal01
Resistance of VolumeIt is used to detect volume resistors in a personalized way, since it allows the user to enter the volume in which he wishes the resistance to jump automatically. It does not mark the black line and the graphic that's just to help understand how it works in the above image can see the indicator works on 30 minutes chart in the above image can see the indicator works on 5 minutes chart therefore, it can be configured to go through several temporalities.
Pine Script™ indicator
by egsand
1