FX Rogue Wave 2.5 Automated Breakout - Time Based (By forex_trader_20011)
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FX Rogue Wave 2.5 Automated Breakout - Time Based Discussion
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jun 29, 2014 at 23:12
5 Year Back test results
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jun 29, 2014 at 23:23
Here is the complete version that will work on any demo account. I have not created the user guide to include the MACD as yet or a lite version.
EURJPY seems to have the best results so far. Although it will profit on most pairs given a 5 year back test, it is the equity curve as shown above that I like to see before posting a set file. The set file that created the results above are included.
Enjoy!
EURJPY seems to have the best results so far. Although it will profit on most pairs given a 5 year back test, it is the equity curve as shown above that I like to see before posting a set file. The set file that created the results above are included.
Enjoy!
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jun 29, 2014 at 23:34
In order to use the MACD, make sure that the UseTimeStart variable is set to false. The included set file has this done already. This set files uses 7 of the 8 ordervalues, so a minimum balance of $2000 is needed (or $200 on an IBFX mini account).
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jun 29, 2014 at 23:35
The myFXbook chart on this thread will remain on version 2.5 with TimeStart set.
To track version 2.6 with the MACD, please visit and watch...
https://www.myfxbook.com/members/ibthescottyb/fx-rogue-wave-automated-breakout/960095
To track version 2.6 with the MACD, please visit and watch...
https://www.myfxbook.com/members/ibthescottyb/fx-rogue-wave-automated-breakout/960095
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jul 01, 2014 at 00:57
(edited Jul 01, 2014 at 00:58)
Frowning Face could be that the MT4 platform is not setup for Expert Advisors. Within Mt4 under Tools, then options, it should appear like this.
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jul 07, 2014 at 22:58
Hi Askew,
Version 2.6 adds the MT4 MACD indicator to the initialization of the trading sequence. Much more reliable than time only as the conditions present themselves more often than once per day.
New version and set files can be found a few posts above.
Enjoy!
Version 2.6 adds the MT4 MACD indicator to the initialization of the trading sequence. Much more reliable than time only as the conditions present themselves more often than once per day.
New version and set files can be found a few posts above.
Enjoy!
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jul 07, 2014 at 23:10
I am currently optimizing pairs for better profit. They will be added to the forum when available
https://www.myfxbook.com/members/ibthescottyb/fx-rogue-wave-automated-breakout/960095
https://www.myfxbook.com/members/ibthescottyb/fx-rogue-wave-automated-breakout/960095
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jul 07, 2014 at 23:56
Hi Askew,
That is correct. In backtesting, $2000 per .01 is accurate. The included set file will use up to 7 orders in sequence, so a higher balance is required. I am working on a set file that will only need $500 per .01 using 4 orders in sequence.
$47,000 Balance
Order1= .23
Order2 = .46
Order3 = .92
Order4 = 1.84
Order5 = 3.68
Order6 = 7.36
Order7 = 14.72
This version has all variables listed so people can back test on their own. If the included set file is used, it will trade automatically if either UseTimeStart or UseMACDalert is set to TRUE. But not both, choose one or the other for automated trading. 😄
That is correct. In backtesting, $2000 per .01 is accurate. The included set file will use up to 7 orders in sequence, so a higher balance is required. I am working on a set file that will only need $500 per .01 using 4 orders in sequence.
$47,000 Balance
Order1= .23
Order2 = .46
Order3 = .92
Order4 = 1.84
Order5 = 3.68
Order6 = 7.36
Order7 = 14.72
This version has all variables listed so people can back test on their own. If the included set file is used, it will trade automatically if either UseTimeStart or UseMACDalert is set to TRUE. But not both, choose one or the other for automated trading. 😄
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jul 07, 2014 at 23:57
If you choose UseTimeStart AND UseMACDAlert to FALSE and AllowTrading is set to TRUE, you can still use it manually for your trading style to benefit from the FX Rogue Wave algorithm.
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jul 08, 2014 at 00:09
MACD. It uses the default MT4 MACD settings with the included set file. If you want to see the MACD, just load the MACD indicator. The same settings for the indicator at default is the same as the EA uses. 12,26, 9.
The conditions are more reliable as time only is simply that....whatever conditions exist at that time creates the channel. More like gambling than trading. The MACD can occur more than once per day and it can be adjusted for backtesting more pairs and time frames for automatic trading.
The conditions are more reliable as time only is simply that....whatever conditions exist at that time creates the channel. More like gambling than trading. The MACD can occur more than once per day and it can be adjusted for backtesting more pairs and time frames for automatic trading.
forex_trader_20011
Member Since Oct 08, 2010
407 posts
Jul 08, 2014 at 00:19
Correct. You do not need to load the MACD, the EA will use it internally.
MACD is more reliable.The conditions are more reliable than time because time 'only' is simply that (time of day)....whatever conditions exist at that time (of day) creates the channel. More like gambling than trading. I started with time of day to create a repeatable point to create the channel to test the trading algorithm.
The MACD can occur more than once per day and is a more accurate representation of market flow and it can be adjusted for backtesting more pairs and time frames for automatic trading.
MACD is more reliable.The conditions are more reliable than time because time 'only' is simply that (time of day)....whatever conditions exist at that time (of day) creates the channel. More like gambling than trading. I started with time of day to create a repeatable point to create the channel to test the trading algorithm.
The MACD can occur more than once per day and is a more accurate representation of market flow and it can be adjusted for backtesting more pairs and time frames for automatic trading.
Member Since Dec 15, 2010
795 posts
Jul 08, 2014 at 05:45
looks good
Click on my Name to see My Live Charts and Bio.
