Make that next week. I've had more success this weekend working on my EA than I anticipated. I'm expecting a market signal for. I said in the very first post that I was on version 36 of my EA, now it is variation 43 or 44. The edition is a stop. How cool is that? Lol That required a lot of trys to get right but it's the coolest thing. It's 10x better than any other stop method I've seen before. Here's how it works.
The major point behind my system is that if you get on the market at a certain time, then there's a fantastic opportunity that orders will likely be profitable after a certain number of hours. lol. I love being obscure. Anyhow, the parabolic stop comes from the same line of thinking. Having a fantastic entrance, the price may bounce around initially, but as time goes on, the price must have less and less room to bounce around from the negative. Finally after a certain number of hours, then the price should be either favorable or the order is closed.
Http://www.romantic-art-masters.com/fff.bmp
Simply reverse everything from the picture to get a buy order. The parabolic stop is your top right portion of a parabola with the exact top being x pips above(or below to get a market ) your entrance point, and it crosses your order open price y hours later on. Initially I considered using a simple angled line with the same varialbes, but I believed that I was able to make a parabola are flexible and.... cooler. lol. And there probably are a few better reasons but I forgot them. That is the equation.
To get a buy:
stopip=(opentime/(width))*(opentime*(gap/(width)))-gap
To get a market:
stopip=-LRB--opentime/(width))*(opentime*(gap/(width))) gap
opentime= time in hours which order was available
width=width(in hours) of parabolo from the vary top directly above your entrance point to where it crosses your order open price. . This determines how long you will allow the price to be negative before it must be favorable or be stopped outside.
Gap=hight(in pips) over your open price the parabolo begins. This determines how closesly your stop is into the order open price. The larger this number, the more room the price has to dive around until it stops out your order; the smaller, the less.
Stopip is your parabolic line the price must be under(for a sell order) or above(for a buy order) before getting stopped out.
Once you've got the stopip, use this little calculation to find whether the current price is over or under the line.
Averagepips/(stopip/opentime)gt;opentime
averagepips=would be the complete value of your order open price minus a sma with a span of two. This means that the whole parabolic stop is running off a sma average, rather than the actual price. This ensures that spikes will not prevent your order out.
If the left side amount is larger than the amount of hours that your order was open, then it is time to shut the order.
And sorry, this is as much as I'm giving out. It's your choice to discover the values for gap and width.
Reply With Quote
Originally Posted by ;
