Description of Price Action Engulfing Candles Strategy

[DominikAdministrator]

Hi guys!

I’m sorry that you had to wait so long 😥 I wasn’t here for a few months :asleep: but I’m back for good

I work on some new versions of my EAs, indicators and tools. In the next few days I’ll put some free stuff here.
I also have some new ideas for this forum and I will share some source code

Regards and have a nice day!
Dominik

[calixtoSpectator]

Lets reactivate this EA. I would like to start optimization of other timeframes.

[DominikAdministrator]

Today it should be finally here.

Of course, we should first find some optimal settings and then start testing to not to go in overfitting again. It can be tough nut to crack

[CharlesGewSpectator]

@Dominik wrote:

Today it should be finally here.

Of course, we should first find some optimal settings and then start testing to not to go in overfitting again. It can be tough nut to crack

will it be time limited ? time limitations makes the EA useless : you star using it, it works on demo, you tune good parameters, then the EA is disabled 😡

[DominikAdministrator]

@ionone wrote:

@Dominik wrote:

Today it should be finally here.

Of course, we should first find some optimal settings and then start testing to not to go in overfitting again. It can be tough nut to crack

will it be time limited ? time limitations makes the EA useless : you star using it, it works on demo, you tune good parameters, then the EA is disabled 😡

No, this version won’t be limited. I need few hours to get back home and I’ll publish it. Regards!

[DominikAdministrator]

OK. Finally I have new version of Price Action EA with number 2.5. This version is similar to previous one with small optimizations and few unlocked parameters. I’ll reactivate also old versions, so you will be able to test it too. You’ll find them in topic “Old versions of Price Action EA”: https://theinvestbay.com/viewtopic.php?f=3&t=31

I’ve just reactivated old “Price Action Moving Averages EA” (prototype of PA EC) and you’ll find it here: https://theinvestbay.com/viewtopic.php?p=98#p98

If you’ll discover anything that doesn’t work or anything that work marvelous – write about it, so we’ll know in what direction should this EA be developed further.

Regards!

[CharlesGewSpectator]

amazing ! thank you so much!

[calixtoSpectator]

Very nice, I’m starting to optimize M15, H1 and H4 for EURUSD. Keep in touch!

1st optimization pass is starting with below settings (period 1.05.2017- 5.10.2017) else settings are default
[attachment=0:3sf3aepn]1stPass.jpg[/attachment:3sf3aepn]

[AlvinPesSpectator]

Thanks for sharing

[zekeloySpectator]

Hello Dominik.

I will run this EA on two different brokers. One broker has Winter Offset = GMT+2, and the other broker has Winter Offset = GMT+0.

Do the Trading Hours in the M5 set files you posted need to be changed for different GMT Offset times?

[DominikAdministrator]

@JT_Mays wrote:

Hello Dominik.

I will run this EA on two different brokers. One broker has Winter Offset = GMT+2, and the other broker has Winter Offset = GMT+0.

Do the Trading Hours in the M5 set files you posted need to be changed for different GMT Offset times?

Hi!

All the hours need to be changed only if you make optimizations or backtests, because MT4 unfortunately doesn’t know what is the offset of your ticks. As far as I remember, ticks downloaded from MT4 history have GMT+2, but for MT4 strategy tester it will be seen as GMT. I always recommend to use ticks downloaded from tickstory lite (without offset: GMT+0 or UTC+0 and without DST), it’s the simpliest way to make it 100% safe and what more: you will have higher modelling quality.

These problems are only with testing and optimizing, if you only trade EA just detects offset (from your broker) and trade in GMT hours.

Regards,
Dominik

[DominikAdministrator]

This project has been discontinued from further development (similar strategy based entirely on D1 timeframe will be published in other topic).
I’m attaching here last version 2.x and 3.x. They’re without any expiry limit, but size of lot is hardcoded to 0.01.
If you have questions, please contact me.
Regards!

[Author]

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