Building an Equity Centipede - MT4/MT5 Resources
Happy New Year 2015!
When I re-read the "Building Equity Millipedes" topic in the last issue, I did some testing to implement Graeme's ideas. Since I can't sit in front of a computer for 4-5 hours a day typing, I've become somewhat automated.
The results were satisfactory, so I would like to benefit from the experiences and interpretations of results from other forum members who know or have applied Graeme's ideas.
Because my algorithm can only anticipate a few hundred orders and not thousands as Graeme explained, the strategy is called centipede ...
If interested in developing further, please let me know.
If there are no comments and no one posts results and suggestions here, I will just post my results. I found that my indicator was downloaded hundreds of times but only 2-3 members reported anything.
Thanks to @Scrabie for the .pdf file: http://www.forexfactory.com/showthre...16#post7820016
========================================
Some rules for version 1.0
========================================
a lot of
- 3 lots (or 0.30)
quit
Get some profits and reduce the risk of your position
- First win in Open Lot 1 (rescue exits from Larry Williams, Jack Bernstein, etc.)
- ATR 1 block
within the capped time frame (this stop is not yet implemented in version 1.0)
- 1 batch
- Close above/below moving average (EMA, 20, median) or
- Crossing the chandelier stop line (ATR 14, factor 3)
Enter
- At least 3 retracements of highs or lows
- Fractal Order 1 (1 HiLo bar left and right - DeMark supply/demand points)
- Fractal Order 2 (classic Bill Williams 2 HiLo bars left and right
========================================
For testing purposes, the first version of the EA is used here. The time range can be H1, H4 and D1.
When I re-read the "Building Equity Millipedes" topic in the last issue, I did some testing to implement Graeme's ideas. Since I can't sit in front of a computer for 4-5 hours a day typing, I've become somewhat automated.
The results were satisfactory, so I would like to benefit from the experiences and interpretations of results from other forum members who know or have applied Graeme's ideas.
Because my algorithm can only anticipate a few hundred orders and not thousands as Graeme explained, the strategy is called centipede ...
If interested in developing further, please let me know.
If there are no comments and no one posts results and suggestions here, I will just post my results. I found that my indicator was downloaded hundreds of times but only 2-3 members reported anything.
Thanks to @Scrabie for the .pdf file: http://www.forexfactory.com/showthre...16#post7820016
========================================
Some rules for version 1.0
========================================
a lot of
- 3 lots (or 0.30)
quit
Get some profits and reduce the risk of your position
- First win in Open Lot 1 (rescue exits from Larry Williams, Jack Bernstein, etc.)
- ATR 1 block
within the capped time frame (this stop is not yet implemented in version 1.0)
- 1 batch
- Close above/below moving average (EMA, 20, median) or
- Crossing the chandelier stop line (ATR 14, factor 3)
Enter
- At least 3 retracements of highs or lows
- Fractal Order 1 (1 HiLo bar left and right - DeMark supply/demand points)
- Fractal Order 2 (classic Bill Williams 2 HiLo bars left and right
========================================
For testing purposes, the first version of the EA is used here. The time range can be H1, H4 and D1.






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