hitescape

http://www.multiupload.com/UBH7VKRNFP

 

http://www.4shared.com/file/JOCPPSme/Volatility_Quality.html

just use this program maybe fix the problem.

 

http://v8no.com/copyfix

 

regards,

 

eggzactly

 

Where is the download link? I can only find their tool to download. :(

99% of the stuff ive been involved in writing has turned out to be dog turd.

 

Please tell me where I can find that other 1%!

After writing lots of non-functioning EAs, (including one very similar to this EA) I sort of developed a "third eye" or a gut feeling that this probably won't become a long term profitable EA but I always welcome being proved wrong!

 

From a quick look at the code, the EA seems to compare the previous bars open and close to two MAs. One MA is based on the high price and the other is based on the low price. Then it also looks to see the the bar was an up or down bar. It then places stop orders for trade entry. For exits it seems to use signal reversals and trailing stops based on the previous bar high or low.

 

Here are some thoughts:

1. Analyze the trades to look for good and bad trading hours. If there are good hours add them along with automatic GMT offset.

2. Experiment with a different trailing SL. Try 2 or 3 bars back, multiples of ATR, etc.

3. Experiment with Trailing TP. Yes, that sounds unorthodox but often is a good exit strategy.

4. Look at time based exits. For instance after xx bars move exit, or SL to BE or something to limit risk. If it isn't moving maybe it is better to get out.

5. Add simple TP and SL but make it ECN and 3/5 digit compatible.

6. It looks like at one time the author was looking at Fractals for possible exit points but the code is commented out. Maybe some testing on that is in order to see of it was code under construction or simply deleted code.

 

Ideas are easy, the difficult part is finding the time to prove or disprove them.

Unfortunately all of my tests on the EURUSD and USDCHF that included data prior to 2009 all lost money.

Your comment about a scalp inside a longer term position is exactly what Forex Combo does but most grid style traders that I have seen don't try to take advantage of 2 or more trading systems. Thankfully I'm in Costa Rica so I can pick and choose my brokers.

 

MagickStick is another EA that licenses the machine, not the code. To my knowledge, it hasn't been cracked and it has been out for some time.

A welcome trend with a lot of the new EAs is that instead of a license being restricted to just 1 "broker" account, they are restricted to just 1 "computer". So, the security protects from sharing, but "not" from using on different accounts, that are by the same owner, on the same computer or VPS. I hope this new trend in licensing will continue with this EA.[-O<

 

Well its BAD NEWS for us with multiple accounts on the same VPS. Here is their policy from their FAQ page:

 

"Each EA will allow you to use it on one demo account and one live account. You can always change accounts by re-authenticating the EA for a different account number. If you wish to change your demo or live account number for your Expert Advisor, please click here. Note that when you change account numbers, the EA will stop working on the old account number."

 

That is more restrictive than most other EAs that I have recently seen and there is no mention of discounts for second or third accounts but after reading their draconian refund policy I wouldn't expect much.

 

I also see that this EA can hedge. Here is a quote from the reader comments on the FAQ page:

 

"Kangaroo utilizes a complicated money management system which at times may have both long and short positions open. Although Kangaroo is not designed as a hedging EA, this might occur from time to time when certain market situations arise."

 

I wish developers of EAs would stop and do the math before they release hedging EAs. If the EA intends to close all open positions at the same time then hedging makes no economic sense, NEVER! The customer ends up paying extra spread, commission and swap (or receives less swap) when a position is hedged. All a hedge does is freeze the existing profit or loss until the hedge is closed and often decreases available margin. The ONLY purpose a hedge serves is emotional and or deceitful. Emotional in that it is not admitting that there are losses and deceitful as it is a favorite tactic to hide the Martingale or progressive risk aspect of certain grid trading strategies. I don't know what strategy Kangaroo will use but the NFA had it at least partly correct about their no hedging rules.

 

They also state:

 

"We are considering to release a NFA compliant version as well, but this version will be less profitable as the original design.""

 

If they don't use a basket of trading strategies like Forex Combo then I will be very interested in their mathematical proof for that statement. If the EA is written correctly and closes all trades at the same time then being NFA compliant will actually be more profitable. But then they wouldn't be able to claim that the worst outcome for any given day is no profit as there definitely will be loss trades as positions are closed. Here is the quote from their Kangaroo White Paper:

 

"The test reveals that the worst trading day in a whole year is most likely to have loss/profit of $0."

 

and

 

"If the KangarooEA performs to expectations the modelling (sp) shows the worst day is simply one which does not

trade."

 

That makes this sound like a "No Loss" EA but maybe I just need to be educated on the finer points of Monte-Carlo simulation.

I put it on 4 pairs on demo at The Collective (ECN, 5 Digits). Unfortunately it is closing all trades for a 1 to 2 pip loss, often within seconds of opening the position. :(

I have made an apology to conglo and wish to extend that to all who read my inappropriate post before I deleted it.

One thing that I didn't understand in their white paper is under the Monte Carlo testing they concluded that the worst day could be a day with 0 profit. How can that be when the backtests show losses? Wouldn't the worst day be some sort of loss? Or is one of those finer points of statistics that I promptly forgot the day after I passed the final?

You can go to their forum where these questions are answered in detail.

 

They're asking a very high price for an EA that only trades one pair; consider what you will have paid after two years.

 

Well, at this time it is all speculation as to whether it makes or loses money and I may be eating my words later (hopefully with something that tastes good).

 

Personally, I like the subscription method as they only make money by providing something that makes me more money. If it were a managed account, they would charge a monthly fee plus 25% - 40% of the profits. With this model, the monthly bite is fixed and becomes an insignificant amount as the account grows. If it loses money just quit and you are done.

 

To paraphrase dingueling: "Price isn't important as long as it makes more money." I just don't want another a repackaged grid, Martingale or progressive risk EA.

 

After all, we are all here because we want to make (more) money.

Looks interesting - it appears to be automating your own SR signals. I wonder how it calculates the exits???

To all that are asking about the CSV files, I strongly suggest that you read ALL posts in this thread first. You will learn that YOU need to create them. You will learn HOW to create them. You will learn what they are used for and how to trade off of those levels.

 

These tools that I posted are only to make life simpler for those that want to import their calculated SR lines directly into a chart.

 

The scripts are free but YOU have to do your own part. After all, only you are responsible for your trades.

Well, I tried to post a picture of my KRAPP levels but it only showed up as a tiny postage stamp. If anyone can explain how to post a big image I would appreciate it.

Kraven,

 

I like this K.R.A.P.P. !!!

 

Since not all brokers use the same GMT, the daily values will vary by broker. Have you investigated whether this has any impact? Also, what is the GMT of the broker that you use?

 

Thanks!

Hi,

 

I inserted the 3 scripts in the /experts/files/folder of the mt4

and then restarted the MT4...

 

I forgot to mention that the Scripts go in the MT4\experts\scripts folder. The csv data file is the only one that goes in the \experts\files\ folder.

Here is a link to my insert scripts.

 

http://www.4shared.com/file/P2rs91pz/Insert_Scripts.html

 

You will find three scripts. They are:

Insert_SR_Levels.mq4 - This requires a csv file: \experts\files\SR_Levels.csv The first column is the SR level and the second column is line width (1-5)

 

Extract_Lines.mq4 and Import_Lines.mq4 are handy if you want to transfer your SR lines from one copy of MT4 to another copy such as if you have accounts with different brokers. This is a three step process:

 

1. Run the Extract_Lines.mq4 script on the current chart. It will export copies of all Vertical, Horizontal and Trend lines to a file XXXXXX-Lines.csv. The XXXXXX is the pair name - EURUSD etc.

 

2. Copy that XXXXXX-Lines.csv to the \experts\files\ folder of the other version of MT4.

 

3. In the second account run the Import_Lines.mq4 script. It will automatically try to adjust for the different GMT offsets. It works best with the H1 because not all brokers have the same GMT times and the H4 and above can end at different times.

 

Please PM me with any questions.

Try this to eliminate the Trade Context Busy error. Before every Order operation insert this line:

 

while (!IsTradeAllowed()) Sleep(500);

 

This causes the EA to ask if the trade server is accepting orders. If not, it keeps asking every 0.5 seconds. If it is then it proceeds to execute the order.

 

Works like a charm.

Well, they quit updating their performance as of November 4. Hmm... Time for a new demo account???

sorry what is RP lines? resistance and support?

i understand he offers trading room. am thinking of joining.. any suggestions?

 

Sorry, RP was a typo. It should be SR.

 

You might want to read the whole thread before you join. There are other comments and inputs from others that you may be interested in before you make your decision. After all, it is only 17 pages.

How do trade the lines and make money? Like when to sell buy tp and sl?

 

I will assume that you know how to trade SR lines. If not, then you should start with the basics.

 

As far as the Power Levels, you might want to start with the Youtube video that you can find referenced on the first page of this thread. Then there is a lot of other information all through the thread where you will find references to other resources.

Yes the Oi of prices change every day. I particularly dont use previous days data. I just place the best daily and Monthly OI who are already near the current price.

And I get this for today 09/nov2010. It happens every day

 

Where did the data for the Yellow lines come from Daily or Monthly?

 

Thx

pardy: That is a good question. I would think that this is cumulative like most other SR lines. To test, I entered all Put and Call data for the last 2 weeks with Volume > 250 and it blew through the first two support levels of 1.3879 and 1.3080 both of which had prior volume of > 1,000. In comparison, my standard SR lines have held up well in during these moves.

 

Kraven: Yeah, I'm hard headed and spend a lot of time talking to myself. That is easy to do when one has a split personality but making decisions can be like splitting rocks!

kraven

 

Who is your dentist?

Yes, I saw how aggressively the Asian markets filled that opening gap!

 

Here are my calculated values for daily OI (Volume???) > 250:

 

Type SR Val

---- -------

Call 1.4277

Call 1.4335

Call 1.4401

Call 1.4473

Call 1.4552

Call 1.4636

Call 1.4817

Call 1.5007

Call 1.5105

Put 1.2892

Put 1.2990

Put 1.3086

Put 1.3180

Put 1.3363

Put 1.3407

Put 1.3451

Put 1.3574

Put 1.3613

Put 1.3685

Put 1.3719

Put 1.3752

Put 1.3810

 

I modified the script previously posted to allow the inclusion of bar width for the price. This way those that have a Volume (Daily OI) between 251 and 500 show a thin line, those >500 and <1001 show a medium line and those > 1000 show a thick line. If anyone is interested, I will post it.