BidAskTickVol_7

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BidAskTickVol_7 opens trades using only tick volume information. Large differences in bid and ask tick volumes might signal possible changes in market balance. The strategy executes on every tick (onTick event) and uses tick volume information to open trade. Sell when ask volume is higher and buy when bid volume is higher than ask volume 16.5 times (parameter: vol_factor). Minimal volume is set to 5 mil (vol_filter) and additional filters used are minimum candle size filter (parameter candle_filter = 0.15 pips for 10M candle) and STDDEV filter to avoid entering the market on flats. Parameter min_stddev_filter is 4.9 (the value is calculated by STDDEV/pip_size), similarly max_stddev_filter is set to 70 to limit the maximum volatility. The trade will be skipped when the spread (parameter: spread_filter) is larger than 2 pips. Trading amount is 22% (defaultRisk) from Equity*Leverage (Weekend Leverage is used on Fridays). After the trade is closed (OnTrade event) with loss, the variable unsuccessful_trades will be incremented. Every consecutive unsuccessful trade will decrease the trading amount = amount/(unsuccessful_trades+1). First profitable trade will reset unsuccessful_trades to 0. TP is 18 and SL is 92 pips. It also has system that triggers trade only when price is moving in the right direction after conditions are met, it is controlled by two parameters: distance - (2 pips) and trade_window - (5 secs). This means if the difference between last and previous tick is against the signal (the price is going up on sell signal) then delay opening the trade for trade_window seconds until the price goes 2 pips (parameter: dist) in desired direction. Parameter expiration_time is set to 345600 (seconds). It means that unclosed trades will be closed after 4 days (excluding weekends) Parameters from_hour and to_hour can be used to limit trading hours, they are set to 0 and 24 by default. (trade on all hours). Parameter weekday_filter can be used to skip trading on specified day of the week, by default it is set to 0 (disabled), 1 means Sunday, 2 - Monday and so on. Following parameters were meant only for testing and since they don't work they are disabled and not used in trading logic: ema filter (parameter ema_period = 0), partial_close (false), and trailing_start (0). Parameter npos controls how many positions can be opened (for testing purposes), for contest only 1 position is allowed.
Version: Date: Status: Description:
1 31.10.2015 Not running BidAskTickVol_7  Download
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