Description of Midnight EA

[FinnanceSpectator]

Oh well, that makes sense then since it was getting data from your server in the older version.

[DominikAdministrator]

@ciba wrote:

Oh well, that makes sense then since it was getting data from your server in the older version.

I’m adding DailyFX now. And also I’ll add something more. So even if some page will block your connections you will be able to use different source for news.

p.s. update… 3:45 a.m. – almost done

[FinnanceSpectator]

Great work. How often is the news being checked from those websites?

[101011001Spectator]

Don’t know if there’s any significance but I’m getting a few 503 errors when accessing this forum and indeed the site in general. You could also try repackaging and redistributing the ForexFactory feed from your own servers. Just my 2 cents.

[DominikAdministrator]

@didom wrote:

Don’t know if there’s any significance but I’m getting a few 503 errors when accessing this forum and indeed the site in general. You could also try repackaging and redistributing the ForexFactory feed from your own servers. Just my 2 cents.

Thanks. I saw those errors too, it’ll be repaired today. Version 2.1 of Midnight had news source based on feed from my own server.

I tested newest version with DailyFX as a source of news on some VPSes that had problems. And now it works like a charm. I hope it will work for everyone, even those who are blocked by Forex Factory and I’ll be able to start coding new algorithm to Midnight about which I wrote some time ago (measuring strength of the trend).

[101011001Spectator]

Sites flaking out pretty bad man fingers on the refresh button DailyFX and ForexFactory seem to show almost the same news priority ranking is a bit different though. Glad to hear you got it sorted will keep an eye out for the new version and retest.

[DominikAdministrator]

@didom wrote:

Sites flaking out pretty bad man fingers on the refresh button DailyFX and ForexFactory seem to show almost the same news priority ranking is a bit different though. Glad to hear you got it sorted will keep an eye out for the new version and retest.

Yes. News are similar, but I think some LOW impact news on Forex Factory are often MEDIUM on DailyFX. So it’s good for us and I’ll set DailyFX as default news source. It’s better to filter out a little more than lose because of news.

OK. I get back to work on something much more important. As you know I implemented RSI filter in case to protect opening BUY order if price is already in Overbought Zone and SELL if it’s already in Oversold Zone. Another RSI filter I used for closing order if price reaches some level (OB for BUY and OS for SELL). We can leave both filters in Midnight, because they work good, are adjustable and can be used even if we change a little strategy to maximize profits ( I mean more than just 30-80 points from trade as it’s now).

In the meantime I added also some “room to the left” filters and we can also leave it in Midnight and use as Supply and Demand Zone (or S/R).

As you already know, after 21 GMT market has a high probability of retracement or even reversal. My goal for now is to add algorithm that will filter out all the trades that could be opened in too strong trend that won’t be broken. I’m looking for universal solution based on Price Action and even Fibonacci retracements. Algorithm should be independent from any fixed value, but dynamic and relative only to the previous market conditions. I can also use daily range or some time window based on shorter period of time than the whole day. I’m coding it and testing now. All ideas are mostly welcome!

Regards!

P.S. Midnight in version 2.1 based on news from theinvestbay won’t work anymore.

[richardforexSpectator]

Hi Dominik,

First of all, I really appreciate your efforts to improve the EA, hopefully we will find the holy grail
I still think this is a very good approach.

When do you think we can test a newer version?

Regards

[DominikAdministrator]

@johmuster wrote:

Hi Dominik,

First of all, I really appreciate your efforts to improve the EA, hopefully we will find the holy grail
I still think this is a very good approach.

When do you think we can test a newer version?

Regards

Here is new version, by default DailyFX as news source. Don’t forget to add http://www.dailyfx.com before you start using it.

Values in parentheses (X,Y) in comment area (news section) represent first detected news impact for first and second currency that will block trading according to your settings.
If you want to block trading during ALL impact news, you can see each value between 0 and 3. And for example, if EURCHF will have news with LOW impact for EUR and NONE for CHF, you will see (1,0). To block this pair you have to set parameter “Block Trading During News” to “With all possible impacts”.

Another example, if you set “Block Trading During News” to “With all possible impacts” Midnight will know that even LOW impact news is enough to block trading, so it won’t search for another news on that pair. That’s why even if there are some MEDIUM or HIGH impact news later you will see LOW (1,..) if first found by Midnight news has LOW impact. If you change parameter to block trading during MEDIUM and higher impact news – Midnight will found first MEDIUM or HIGH impact news and block trading. I hope it’s easy to understand what I’ve just written

Regards!

[ElitKnigSpectator]

Hi Dominik,

First of all thank you for your effort to develop Midnight EA as best possible.

I have downloaded and installed MIdnight V2.3, there is a smiley face on the chart, the setfile loaded just fine, I have installed both http://www.dailfx.com and https://www.dailyfx.com to be sure in the tools menu under Expert Advisor.

And https://www.forexfactory.com and http://www.forexfactory.com. But in my chart I only see a rectangle with a blue border and inside is just plain white background. Please advice. Thank you.

[FinnanceSpectator]

try changing the colors and you might see something

[DominikAdministrator]

@forexaddict413 wrote:

Hi Dominik,

First of all thank you for your effort to develop Midnight EA as best possible.

I have downloaded and installed MIdnight V2.3, there is a smiley face on the chart, the setfile loaded just fine, I have installed both http://www.dailfx.com and https://www.dailyfx.com to be sure in the tools menu under Expert Advisor.

And https://www.forexfactory.com and http://www.forexfactory.com. But in my chart I only see a rectangle with a blue border and inside is just plain white background. Please advice. Thank you.

Just change color of this rectangle (one of last parameters) or change color of chart’s background.

Guys, please replace old versions (especially 2.1 based on news from theinvestbay) with new 2.3, because previous versions won’t work anymore.

[ElitKnigSpectator]

Thanks dominik, I change the background to green and it works! The text are in white so it will not show in a white background.

One more question can we trade other pairs aside from the recommended setfiles of GBPUSD, EURCHF, USDCHF and AUDCAD?

Thank you Dominik! Your the man!

[ElitKnigSpectator]

@ciba wrote:

try changing the colors and you might see something

Thanks CIBA it works.

[101011001Spectator]

Websites a bit better now. Are you going for indicator based or price channel or a bit of both on this? From previous experience indicator based has to have multiple indicators supporting each other. Usually the entry for SELL is not the same as for BUY. For instance RSI (in my own tests) performs better for SELL than BUY.

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