Message #114

[eaty]

Error i detected are shown below:

a. No re-enter.

Probably there was no reentry conditions. You can see a reentry in the attached image using the attached settings.

I will look into this later.

b. Misunderstanding on MACD i mention. 30 > MACD > -30 don’t  trade.
I don't mean buy, MACD must > 30 or sell, MACD must < -30. What i mean is MACD in the range of 30 > MACD > -30 don't take trade. So as long as the MACD not in the range of 30 > MACD > -30, we should respond to all red for sell and green for buy.
In the EA, the buy order rule is, MACD > 30 only buy. Sell order rule is, MACD < -30 only sell. Shown in pic 1, E1 should be a short entry. It is because both RSI cross and MACD red (Not in the no trade range.)

I shall correct this in the next version.

c. Pic 2, the blue line is the entry. Can explain the starting SL. When it move on, SL move to BE+1 > 30 pips. The question is at E3 and E3.1. The SL move to E3, which is the high E3 bar and E3.1, which is the high of E3.1 bar.
By right, the SL move from BE+1 > 30 > SL at the high of E3.2. Because it form a new high at RSI.
Why SL move to the high of E3.3?
It should move to E3.4 as PA close above the 4MA.

The stop loss moved to E3.3 because RSI was higher than the previous bar. Should it move only if RSI is highest from the time the order is opened and not just higher that the previous bar?

SL dont move when RSI move higher. It move when it form a highest high or lowest low. So in our example SL > Pivot high > BE+1 > 30 > E3 > E3.4. For further detail pls refer to SL case3.




d. Pic 3, can I know where the initial SL is for E5? Just to make sure how it work.
From the chart, we can see our 1st SL for E5 at S1. d1. Can I know how we get that? It is pivot low?
SL move from S1 > S2 (which is the BE+1) > S3 (d2. How SL go to S3? I think we should lock to the lowest SL. How S3 is form?) > S4 (30Pips) > S5 (Is another buy entry and I am confuse the SL here.) > S6 (I know my trade 3 close at S6 but d3.why?).

There is an error calculating the initial stop loss and it will be corrected. It should have been at the pivot low, three bars back. S3 is the initial stop loss of the additional orders, I shall give it a different colour in the next version.

Although there are some misunderstanding but i done the backtest for almost 1 mth. See the report attached. Not bad for the backtest result although with some error.

I will looking forward for the next version. Let me know if you still dont understand the SL thingie i will do some more example to show you.

Thank you in advance.