Posts made by TipsyWisdom

far from a tutorial...

yep, biz and jstap are hot on it.

Its all in the mindset of getting your brain to be able think through it block by block.

For this project, you first just need to identify each candle that is engulfed, I would suggest starting simply with a horizontal line at each, and then upgrade to a trend line extended a short time into the future (to keep the charts clean).

Irrelevant of your other rules for entries, you then will have to define the validation and invalidation rules that make sure that is a engulfed candle that you want to trade i.e.

A candle is engulfed, the one you want is marked. Price moves away from it for 1 month before going back to the area...is it still a valid area to use?

the best way to do is a print to file, and the output that is already generated in a MT5 backtest, has a unused column, and it easiest to replace that data with whatever calculation you require. Dang...I wish I had that project. Someone else did it and showed it to me, Ill see if I can find it.

@blunt said in Tested R&S levels:

0_1652618531312_SUPPORT AND RESISTANCE IMAGE.jpg

let me get this logic straight now then...
Every time that price has created a high or low at a price level, 4 times, this is support and resistance?

@panatech said in NNFX Algo help.:

Interesting take on the US100 thing. As far as Money management, even VP mentioned in one of his podcasts that you could still make money flipping coins, as long as you have a good money management system in place, hence the 1 to 1.5 SL and TP based on the ATR, also the stringent rule of not risking more than 2% of your account. What you said and what he said , seems to operate on the same side of the street. I also believe that market condition are ever changing and that is why EAs fail in time.

All and all, your knowledge and suggestion are pretty good and will take it in consideration moving forward.

Gracias Senor.

No problemo amigo.

My primary intent was to get you to skip that phase of the EA process where you just try to stack several indicators in an attempt to make a profitable...I hope I've succeeded there at least. lol NNFX did have sound money management. But I dont think that ATR is variable enough for profiting or stop loss, at least for an automated approach. I think pure price, horizontal lines where everyone is placing their buy, stop, limit orders....those are where I want to be contrary to everyone else...ATR works sometimes for being a selection of many other styles of taking profit. Hell, thats one use for Dreema. If you have several types of closing styles and youd like to backtest whats better...by time? by ATR? By daily profit target? by market % movement? etc. You can test to see what single one is best, or what combination...So many better things to do with Dreema than an NNFX style EA.

I have a EA design video I'm working on for release on YT...I've been working on it for a for months now though, hah.

@blunt said in Tested R&S levels:

once the last bar low crosses above the S level and closes above the bar open price the EA will open buy
once the last bar high crosses below the R level defined and the bar closes below its open the EA will sell
the EA will also draw lines corresponding to defined S/R levels so you can easily modify them directly on charts

post a screenshot of a chart with what you refer to as support and resistance next please.

@panatech said in NNFX Algo help.:

Hey thanks for you reply and also for taking an interest to my question. You provided several points which I am somehow puzzle as to how to reply, here is my best effort.

1). You said that if I am here with the sole purpose of creating a NNFX algo in order to avoid manual backtesting, I am headed to long, wrong path. Well, I am currently backtesting manually, however I am also interested on automating the algo to gain deeper understanding of utilizing FxDreema, and also using various methods of optimization, as well as machine learning in the hopefully not too long future. Also I listened to VP's podcast about automation https://www.youtube.com/watch?v=qgJ0yiaE-VM&t=1218s, and tend to agree with what he explained about technology and where we are headed as a society. I believe that in the not too far future, the presence and functioning of AI would much more pervasive that we have anticipated.

2). As far as VP been a fraud, I cannot validate or invalidate your claims (if you don't mind providing the source). I mean, even if he provided us with receipts of his accounts and the magical 10%+ annual return, we still would not be able to verify those, since these days everything could counterfeited. I also tend to separate the bone from the flesh when eating, otherwise I could end up choking.

3). VP speaks to techniques that resonate with the way I think, my background and education has been in computer science (was an avid player of the first computer game called "pong", and have been interested in computers ever since). Have also tried using Support and Resistance, Supply and Demand and naked chart reading and they all seem subjective, every so called guru implement it differently.

4). Ultimately, my exposure to different ways of trading, has helped me identify which one seems more natural to me and that is why I am here.

Not sure who you are or what your background is, however the forums should be a mutual help community, so let do it (help each other). Any further guidance would be much appreciated.

The markets are AI driven. I trade manually only for now while I continue to develop a greater understanding of how to manipulate dreema and backtesting for the purposes that I continue to need them.

I will do my best to help you manually, here is what I offer:

One of those 2 images in a 1 minute chart. index asset. The other chart is a weekly commodity asset. You would never be able to pick which one is which, unless you trade those with real money and you know what a naked chart looks like. These digital assets move in such a way that they intentionally put all of these indicators of price into alert, before going into another direction. They do it on all time frames, across all assets, every day, it doesn't stop. Just because an indicator gives you a signal is not a reason to trade something, just as a person who uses sentiment, its not a good idea to trade just because they sat down at the computer with a feeling. Price moves in all assets from liquidity, to liquidity. There is no other means. They do not move because of any mark on a chart, any trend line, or indicator. They will not stop buying when it is overbought....indicators indicate what the market has done and nothing more. They do not provide the reason for the market moving.

Indicators stacked in the correct configuration is not the key to most winning trading systems...money management is where the key is at...hell, with low accuracy trading system you can still make great money if you manage your losses well...as my mentor says, all trades entered are a loss at the beginning, so thats the only difference with any system, who can overcome losses better.

I would suggest developing a system to help you practice trading manually if your primary purpose is to gain a better understanding of what you can use Dreema to do, and improving your manual trading as a secondary output. I would avoid trying to stack 4 to 7 different indicators in a row with a variable in place of the MAs, and the stochastics. lol...I say that tongue in cheek...but indicators do have a purpose. A single indicator configured properly once a day, can give you a solid 1 time trade signal for the day for instance...

You wont hear NNFX talk about a objective. You won't hear my mentor or anyone else...but I think the biggest thing I've realized is you can ask yourself 1 question and design an EA start at the end that nobody else would be able to build one like if you can ask 1 question.
How much money do you want to make? However you answer that is a great base for how to DESIGN an EA for you.

You can alternatively use Dreema to get statistics, for instance, if I wanted to see...every Wednesday that the US100 makes a new low of the day and low of the week, if I long, how many chances in a year will I get 100 pips off that trade? What about Tuesday low of the week @ 50 pips?

@general-melchett said in Kestra constantly DMs me, please someone stop him:

Is @kestra DMing everyone else with requests to save his work for him? Unfortunately I can't block him but have reported his profile a few weeks ago but nothing has been done. Just pay for a subscription @kestra then you will be able to save your work.

Can one of the admins @fxdreema @l-andorrà please ban him

I never responded since the first, its funny how you can understand a persons personality by their posting....cant imagine what people think of me. LOL

@greenolive said in EA that can buy on a support and sell at resistance:

@tipsywisdom said in EA that can buy on a support and sell at resistance:

@jstap said in EA that can buy on a support and sell at resistance:

@chokumanyara To start with you need to decide what is being classed as support resistance, maybe find an indicator.

come on, you know...the swing. that one before the other.

how can i join this forum?

i already built some robots.

The discord? Im confused.

what are the terms of conditions on what you need proof of, that you will pay before receipt of the EA?

I can build it, but I need to know exactly what you need replicated. In detail. I will program it to your logic, and fill in what is needed to make it work to your specified measurable end goals.

@arrow82 said in EA to buy when evening star pattern fail and sell when morning star pattern fail:

HI Everyone, I am in the progress of making EA in which,
buy criteria:

1. wait for evening star pattern to form.
2. wait for price to close above the evening star pattern.
3. enter at the next candle after break and close of the evening star pattern.

Sell criteria:

1. wait for morning star pattern to form.
2. wait for price to close below the morning star pattern.
3. enter at the next candle after break and close of the morning star pattern.

Any kind soul to help to create EA on my request,
Million thanks.

whats the logic for each star pattern?

@telfordstarb said in Help for building a EA:

Thanks for the reply! If i get any free time this weekend ill create a base project and post on here.

Money can surely convert @l-andorrà free time to busy time and knock that you for you..save yourself the time!

@jstap said in EA that can buy on a support and sell at resistance:

@chokumanyara To start with you need to decide what is being classed as support resistance, maybe find an indicator.

come on, you know...the swing. that one before the other.

@panatech said in NNFX Algo help.:

Hello everyone, I am new here. I am interested on building an NNFX EA. Basically would like to obtain some sort of skeleton, in order to build and modify. Basically, it would be based on several different indicators (ATR, BL, Volume, C1, C2 and exit indicator). If anyone could point me in the right direction, I would greatly appreciate it. Thanks in advance.

Basically every attempt that most people do here are an NNFX attempt at an EA.

You are headed down a long, wrong path my friend I can tell you now. If you dont have a manual strategy, then you are not in the right place mentally yet. If you are trying to build EA's because you dont have the nerves to trade manually, you arent in the right place. You will fail at this as much as you do manual with that mentality.

Thats not to say you cant use random things to develop systems of trading automatically for you. Surely people here have done it by accident...but the reason most people fail at this stuff is because they are not looking at things from the right perspective.

What's the goal and objective for why you are here? What precisely to a fine detail and fundamental understanding is EA development VS EA design? What is the goal of a backtest, what are you trying to prove and achieve with it?

If none of this applies to you, carry on...but hopefully this helps you and anyone that reads this in the future.

To maybe help you understand what I mean....you said, I'm interested in building an nnfx ea. One doesn't exist, just as VP is a fraud. He never was a prop trader. His parents own a clothing brand and he works in their stores. He lost money when he came out with his series initially, thats why he's transitioned away from it. ...sry for the rant, but, heres what I think about when designing an EA.

Perhaps with this scenario based on X entry, and Z time of day, I want to know how many opportunities, or whats the sample rate of trades over 5 years that will give me 100 pips with a SL less than 20 pips.

you would have to think in terms of balance % and divide by the # of stocks you anticipate trading in.

@jamesdaly https://fxdreema.com/forum/topic/14971/multi-symbol-high-of-day-low-of-day-tracking

you dont need custom anything.

I have a tutorial posted recently that includes how I did it.

@bdewdney said in time filter:

Hello all,

How do I code a time filter for a bot to trade at specific times of day only. For example, I want to trade the US 30 index only when the stock market is open aka 13:30 - 20:30 GMT. I have the time filter coded to show me text showing "trade time" but the bot is still taking trades at night.

show us how its implemented.

Ive always used chrome and dont seem to have any issues from the browser that im aware of!

@khuliso22 haha you are mistaken, it is not the job of anyone here to fix your EA's.