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Hey @dmedin. That news piece is something I long suspected. If anyone can move the market with just one tweet then why shouldn't the cronies profit from it. I'm just surprised this has taken so long to get to the "news". -
Ok, so I took this approach to the next level. Rather than telling the algorithm enter long at 25% and enter short at 75% levels, I decided to let the algorithm decide itself at what levels its best to enter short or long. This simplifies the strategy and boosts its gains dramatically. Top level stats over 100,000 5min candles: Gain: +1,307% % of winning trades: 60% Starting with a £2000 account, after 1 year and 1 quarter that account would have grown to almost £30k (£28k). The equity curve looks also a lot more stable, too. I resolved the issue with the lot size, this is now a formula. Unfortunately we still have 3 negative months, but overall the max runup is a lot higher than the max drawdown. Overall time in market is only 20%, so there should be the opportunity to run multiple of this strategy on different assets simultaneously to further boost the return. If let's say 3 of these programs could run simultaneously and deliver similar results you could grow £2000 to £100k within about 18 months. Still not as good as the results of the few world-class top traders like Ross Cameron from Warrior Trading, etc but a start nonetheless. The variables which the program optimised are the following: Take Profit for Long Positions: 84 points Take Profit for Short Positions: 70 Points Entry LvL for Long Positions: 23 Points below the low of previous day Entry LvL for Short Positions: 7 Points below the high of previous day Interestingly, it turned out the strategy works best without a set stop-loss, but just to close out any open positions at 21.00 o'clock at night, if not already closed by the take profit rule. I'm gonna simulate this on NASDAQ next. Obviously will need to find out the 4 variables again, as these will be subject to the Index where this is traded. What do you guys think? Worth a shot this strategy? -
Lool, I'm sorry for my first post here, but it's funny :)
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MT4 Indicator Not Working Fix
There have been many thousands of custom indicators written for MT4 most of which are available for free download scattered over the web, on rare occasions you will load an indicator and it will freeze the platform (see here https://community.ig.com/forums/topic/6198-mt4-not-responding/) or sometimes not appear or sometimes only appear partially.
Possible reasons for this include incompatibility, the current MT4 update is something like 1090 and some indicators written for earlier versions will not work on later versions. Also check the indicators Input settings list that arrows, lines etc are switched to True not False. There may be a missing .dll file in mt4's library needed for the custom indicator, check the dependency tab in the indicator pop up box.
If you have the source code (the .mq4 file) you can try the re-compile fix. Open the MetaEditor, double click Indicators then double click the problem indicator. Choose a number at random, change the number to a different value and press 'Compile' then change the number back and press Compile once more, look to see if the indicator is now working. The EX4. file of an indicator can't be modified and so won't appear in the MetaEditor list.
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