[Upd, Oct 25] Volty Channel Stop Strategy

[Nortal]

It does not work, open the first position but do not close and open the next.
I get this error 458: Attempt to index global 'bid' (a nil value)

[Nikolay.Gekht]

well first of all i want to thank you for sharing your work, my english isn't good so if i made a mistake please be patient.....i've been following your post and i will make the test as you said, i will let you know....as an idea i propose to publish a video with a short explanation, y think is much better than a screnshot, thanks again for this post.

Thank you for idea. Now, on the new server, I think it will be much simpler for us to host such things like video.

It does not work, open the first position but do not close and open the next.
I get this error 458: Attempt to index global 'bid' (a nil value)

Oups. Fix is here.

VoltiChannel_Stop_Strategy.lua

(19.27 KiB) Downloaded 1112 times

However, this problem caused by the close order which wasn't executed at all. It's sorrowful because I didn't touch this part since the first version. I fixed the problem, so now it must alert a error text which appears when it tries to close position. Could you please try again. If error appears - please also tell me which connection (fifth indicator is the Trading Station status bar, something like "MiniDemo" or "U100D1") and which instrument did you use.

[Nortal]

Hi Nikolay, I try again with the new update but it doesnt work.
When volty signal appear buy and sell, but dont close the previous signal.
I added an image to this post to explain the failure.
Thank you

[Nikolay.Gekht]

Hi Nikolay, I try again with the new update but it doesnt work.
When volty signal appear buy and sell, but dont close the previous signal.
I added an image to this post to explain the failure.
Thank you

Oh. I see. Did you installed autotrading patch?

[Nortal]

Ooops
You are a genious
Excelent work Nikolay
Thank you very much!

[Nikolay.Gekht]

Please report any problems/ideas. I plan to update the version in top post in a week if this version works good enough.

[vstrelnikov]

Top post updated.

[danieldd]

hi, thx for ur system, its cool
however, i got the same problem as Nortal has,
but i am using the latest er. of trading station already
would you mind to help me?? thx a lot

[Giantball]

This post contains latest version of strategy within all recent updates (Oct 04, Oct 12, Oct 14).
Please, see history of changes below.

The strategy is based on the Volty Channel Stop indicator:
viewtopic.php?f=17&t=893

The strategy sells when indicator switches up and buys when indicator switches down. The position is closed when indicator switches or when prices breaks the indicator line (i.e. indicator-based stop).

The strategy shows good result on long trends and usually loss when the indicator switches in range smaller than 3-7 bars.

The strategy works on completely closed candle, so the trade is opened or closed on the first tick of the candle, next to the bar at which signal to sell, buy or close appeared.

volychannel.png

Download strategy:

VoltiChannel_Stop_Strategy.lua

Please also download and install Volty Channel Stop indicator indicator. The strategy will not work without it.

Note. If you still use 082610 version of the Trading Station it is strongly recommended to download and install the new (091010) version from the FXCM's download page or Software download page of your broker:

Note. By default, the trading is disabled. Please set "Allow Strategy to Trade" parameter to "Yes". Please do not use the strategy on live accounts unless you carefully checked and implicitly decided that the strategy meets your trading goals. Please do not forget that you are solely and fully responsible for all the trades made by the strategy exactly like for the trades executed manually.

Changes history:
Oct 14, 2010
1) Incorrect index fix.

Oct 12, 2010
1) New option "Exit from position on non-confirmed signals" in the "Trading" section.
2) New section "Method and Schedule" in parameters.

Oct 04, 2010
1) Recurrent sound parameter for the signal is added
2) The moving average can be used to confirm the signal (see "Confirmation Parameters" section). By default the option is switched off.
3) The strategy does not enter twice in the same direction even in case the position exists at the moment of strategy start or when opposite signal appeared but was not confirmed.
4) The checking of the parameters is improved.
5) The strategy is written for (and, therefore requires) Autotrading patch installed.

Sep 22, 2010.
1) Fix the problem with double sell buy due to incorrect interpretation of the indicator.
2) Non-US clients now can specify limit and stop orders.


Please, do not hesitate to discuss any improvements this strategy right here.

Hi,

Thank you for doing great work with all the indicators. I would like to make a request regarding the email function of this Volty stop strategy. Please have it attach to the market ie.(EUR/USD) it's trading and the price it traded at on the alert. Also please have the Name/Title of the strategy as the alert titlle.

Thank you
G

[Apprentice]

Your request has been added to developmental cue-